The Banovallum School: school finances
Large reserves
Holds £456k in reserve, 8% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Lincolnshire · Secondary · Academy converter.
Academies in a trust don't hold money on their own: HORNCASTLE EDUCATION 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 | £3.6m | £3.5m | +£77k | £436k | 583 |
2019-20 | £3.9m | £3.5m | +£354k | £533k | 620 |
2020-21 | £4.5m | £4.0m | +£478k | £0 | 620 |
2021-22 | £4.7m | £3.7m | +£986k | £0 | 612 |
2022-23 | £5.1m | £4.1m | +£986k | £0 | 608 |
2023-24 | £5.3m | £4.4m | +£858k | £0 | 616 |
2024-25 | £5.6m | £4.3m | +£1.3m | £456k | 610 |
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 67% of them. It spends £7,075 a pupil in total; similar schools typically spend £7,930.
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 | £4,672 | £4,250 | £3,773–£4,801 |
Support staff (e.g. TAs) | £1,179 | £900 | £812–£1,104 |
Supply staff | £70 | £147 | £68–£262 |
Admin and clerical | £187 | £419 | £245–£569 |
Premises | £51 | £456 | £311–£559 |
Energy | £139 | £171 | £132–£208 |
Learning resources & ICT | £279 | £409 | £317–£540 |
Bought-in services | £26 | £107 | £43–£198 |
Compare side by side with the 3 most similar schools
Which schools are these?
- North Walsham High School Tight
- Paget High School Large reserves
- The Hathaway Academy Tight
- Ipsley CofE Middle School Healthy
- Goffs - Churchgate Academy Large reserves
- Eden Boys' School, Bolton Large reserves
- Great Wyrley Academy Large reserves
- Bohunt Farnborough Large reserves
- Seaton Valley High School In deficit
- Fowey River Academy In deficit
- Academy@Worden Large reserves
- Digitech Studio School Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £5.4m | £8,885 |
SEN funding (part of grants) | £513k | £841 |
Self-generated (lettings, catering, donations) | £208k | £341 |
Money raised by parents
FRIENDS OF BANOVALLUM SCHOOL (charity 1106121, Registered) raised £9k in its latest year.
| Year ending | Income | Spending |
|---|---|---|
2026-08 | £9k | £9k |
2025-08 | £7k | £3k |
2024-08 | £3k | £7k |
2023-08 | £3k | £3k |
2022-08 | £4k | £3k |
Matched to this school by name and postcode from the Charity Commission register. Parent associations' money isn't in the school's accounts above.
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?
- How does the school decide what the money the parents' association raises is spent on?
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.
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