Somercotes Academy: school finances
Large reserves
Holds £712k in reserve, 17% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Lincolnshire · Secondary · Academy sponsor led.
Academies in a trust don't hold money on their own: LINCOLNSHIRE GATEWAY ACADEMIES 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 | £2.3m | £2.1m | +£202k | £315k | 366 |
2019-20 | £2.5m | £2.1m | +£361k | £423k | 385 |
2020-21 | £2.8m | £2.4m | +£307k | £501k | 421 |
2021-22 | £3.0m | £2.7m | +£282k | £529k | 457 |
2022-23 | £3.4m | £3.4m | +£77k | £293k | 467 |
2023-24 | £3.9m | £3.6m | +£371k | £435k | 456 |
2024-25 | £4.1m | £3.7m | +£408k | £712k | 433 |
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 83% of them. It spends £8,499 a pupil in total; similar schools typically spend £8,678.
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 | £5,002 | £4,688 | £4,181–£4,974 |
Support staff (e.g. TAs) | £1,044 | £1,039 | £814–£1,302 |
Supply staff | £23 | £246 | £118–£375 |
Admin and clerical | £513 | £517 | £399–£601 |
Premises | £427 | £507 | £429–£609 |
Energy | £118 | £237 | £151–£284 |
Learning resources & ICT | £487 | £489 | £389–£626 |
Bought-in services | £104 | £161 | £116–£226 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Christ The King Catholic High School In deficit
- WMG Academy for Young Engineers (Solihull) Large reserves
- Kirton Academy Large reserves
- King Edward VI Academy In deficit
- Stafford Manor High School Large reserves
- Wyvern Academy Large reserves
- Shireland Biomedical Utc In deficit
- Turves Green Boys' School Heading for deficit
- The Grange School In deficit
- AldridgeUTC@MediaCityUK In deficit
- Atherton High School Large reserves
- Manor Drive Secondary Academy Tight
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £4.1m | £9,418 |
SEN funding (part of grants) | £161k | £372 |
Self-generated (lettings, catering, donations) | £63k | £145 |
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?
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 Somercotes Academy · All Lincolnshire school finances