Olney Middle School: school finances
Large reserves
Holds £284k in reserve, 13% of a year's income.
Latest full year 2024-25, as a academy (accounts return, September–August). Milton Keynes · Primary · Academy converter.
Academies in a trust don't hold money on their own: INSPIRING FUTURES THROUGH LEARNING 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 | £1.7m | £1.7m | +£64k | £71k | 414 |
2019-20 | £1.7m | £1.4m | +£255k | £78k | 390 |
2020-21 | £1.7m | £1.7m | +£10k | £168k | 373 |
2021-22 | £2.1m | £1.7m | +£420k | £228k | 362 |
2022-23 | £1.9m | £1.8m | +£39k | £193k | 380 |
2023-24 | £2.1m | £2.0m | +£71k | £231k | 368 |
2024-25 | £2.1m | £2.0m | +£123k | £284k | 352 |
Compared with similar schools
Similar schools are the 30 primary 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 73% of them. It spends £5,679 a pupil in total; similar schools typically spend £6,382.
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 | £3,017 | £3,188 | £3,016–£3,369 |
Support staff (e.g. TAs) | £955 | £1,201 | £1,028–£1,455 |
Supply staff | £0 | £145 | £71–£206 |
Admin and clerical | £270 | £313 | £222–£382 |
Premises | £344 | £325 | £281–£384 |
Energy | £80 | £87 | £66–£103 |
Learning resources & ICT | £224 | £294 | £249–£377 |
Bought-in services | £14 | £129 | £85–£201 |
Compare side by side with the 3 most similar schools
Which schools are these?
- Haddenham Community Junior School In deficit
- Kingskerswell Church of England Primary School Heading for deficit
- Orchard Junior School Large reserves
- Four Lanes Community Junior School Large reserves
- Alverton Primary School Tight
- Whitehouse Primary School Large reserves
- Scawsby Junior Academy Tight
- St Paul's and St Timothy's Catholic Infant School Large reserves
- Walmley Junior School Large reserves
- St Andrew's CofE Primary School Healthy
- Furze Platt Junior School Large reserves
- Rossington St Michael's CofE Primary School Large reserves
Where the money comes from, 2024-25
| Source | Amount | Per pupil |
|---|---|---|
Government grants | £2.0m | £5,798 |
SEN funding (part of grants) | £74k | £210 |
Self-generated (lettings, catering, donations) | £81k | £230 |
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 15% since 2018-19. How is the school planning for fewer pupils, and the funding that goes with them?
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 Olney Middle School · All Milton Keynes school finances