Restormel Academy: school finances
Large reserves
Holds £268k in reserve, 25% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Cornwall · Not applicable · Academy alternative provision converter.
Academies in a trust don't hold money on their own: WAVE MULTI ACADEMY TRUST can move money between its schools. The reserve includes this school's per-pupil share of the trust's central reserve.
Reserve at the end of each year, 2018-19 to 2024-25
Income and spending, 2018-19 to 2024-25
Income Spending
Show the figures as a table
| Year | Income | Spending | Balance | Reserve | Pupils |
|---|---|---|---|---|---|
2018-19 | £900k | £812k | +£88k | £202k | 40 |
2019-20 | £989k | £911k | +£78k | £195k | 42 |
2020-21 | £923k | £814k | +£109k | £0 | 26 |
2021-22 | £951k | £405k | +£546k | £0 | 43 |
2022-23 | £689k | £641k | +£48k | £0 | 15 |
2023-24 | £922k | £806k | +£116k | £0 | 29 |
2024-25 | £1.1m | £1.0m | +£67k | £268k | 35 |
Compared with similar schools
Similar schools are the 30 alternative-provision schools outside London closest in size and in the share of pupils on free school meals. Its reserve, as a share of income, is higher than 67% of them. It spends £29,171 a pupil in total; similar schools typically spend £37,478.
This school Middle half of similar schools Similar schools’ median
Show the comparison as a table
| Spending per pupil | This school | Similar schools (median) | Middle half |
|---|---|---|---|
Teachers | £15,771 | £16,969 | £13,331–£25,078 |
Support staff (e.g. TAs) | £3,914 | £6,657 | £3,805–£10,277 |
Supply staff | £3,143 | £723 | £98–£1,465 |
Admin and clerical | £1,029 | £2,310 | £1,401–£3,139 |
Premises | £971 | £1,440 | £798–£1,948 |
Energy | £257 | £474 | £350–£585 |
Learning resources & ICT | £1,086 | £1,416 | £1,195–£2,953 |
Bought-in services | £57 | £479 | £133–£1,132 |
Compare side by side with the 3 most similar schools
Which schools are these?
- The Levett School In deficit
- Derby Pride Academy Large reserves
- Park School Teaching Service Large reserves
- South Cumbria Pupil Referral Service In deficit
- Reach Academy Large reserves
- Greenwood School In deficit
- Smannell Field School Large reserves
- Westwood Academy Large reserves
- Oakfield Lodge School Large reserves
- Titan Aston Academy In deficit
- Unity Academy Tight
- Sevenhills Academy Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £1.1m | £31,086 |
SEN funding (part of grants) | £596k | £17,029 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- What are the reserves set aside for, and when will they be spent on current pupils?
- Pupil numbers have fallen 12% since 2018-19. How is the school planning for fewer pupils, and the funding that goes with them?
- Spending on supply staff is £3,143 a pupil, against a typical £723 for similar schools. What's behind that?
Check these figures
Every figure here comes from the school's published return to the DfE. Check it on the DfE benchmarking page for this school, and see how the status is worked out.
Admissions, Ofsted and results for Restormel Academy · All Cornwall school finances