Magnus Church of England Academy: school finances
Tight
Holds £211k in reserve, under 3% of a year's income: little room for surprises.
Latest full year 2024-25, as a academy (accounts return, September–August). Nottinghamshire · Secondary · Academy sponsor led.
Academies in a trust don't hold money on their own: DIOCESE OF SOUTHWELL AND NOTTINGHAM 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 | £4.3m | £4.2m | +£101k | £234k | 654 |
2019-20 | £4.7m | £4.5m | +£137k | £211k | 660 |
2020-21 | £5.1m | £4.9m | +£179k | £224k | 685 |
2021-22 | £5.5m | £5.4m | +£106k | £144k | 717 |
2022-23 | £5.9m | £5.8m | +£140k | £54k | 754 |
2023-24 | £6.6m | £6.3m | +£334k | £132k | 754 |
2024-25 | £7.1m | £6.8m | +£269k | £211k | 749 |
Compared with similar schools
Similar schools are the 30 secondary 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 23% of them. It spends £9,115 a pupil in total; similar schools typically spend £8,599.
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 | £4,686 | £4,538 | £4,125–£5,236 |
Support staff (e.g. TAs) | £1,788 | £1,131 | £863–£1,297 |
Supply staff | £47 | £184 | £47–£319 |
Admin and clerical | £342 | £463 | £369–£548 |
Premises | £563 | £523 | £439–£726 |
Energy | £195 | £165 | £94–£221 |
Learning resources & ICT | £387 | £452 | £402–£731 |
Bought-in services | £139 | £91 | £38–£179 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Dame Elizabeth Cadbury School Large reserves
- Christ Church, Church of England Secondary Academy Large reserves
- Outwood Academy Brumby Large reserves
- King Edward VI Northfield School for Girls Large reserves
- The Holy Family Catholic School, a Voluntary Academy In deficit
- Lincoln Castle Academy Large reserves
- The Laurel Academy Heading for deficit
- Kirk Hallam Community Academy In deficit
- David Nieper Academy Large reserves
- Sutton Community Academy Tight
- Prenton High School for Girls Large reserves
- Whittington Green School Healthy
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £6.9m | £9,216 |
SEN funding (part of grants) | £162k | £216 |
Self-generated (lettings, catering, donations) | £273k | £364 |
Questions to ask the school
Useful for parents, governors and PTA committees.
- What would the school do if costs rose unexpectedly, such as energy or a pay award that isn't fully funded?
- Spending on support staff (e.g. tas) is £1,788 a pupil, against a typical £1,131 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 Magnus Church of England Academy · All Nottinghamshire school finances