Reserves Held by Schools, 31 March 2008

Statistics on reserves held by schools include data Wales for the period 2006-07 and 2007-08. The latest release updates the statistics previously released on 11 December 2007.

The key points from the latest release are:

• The overall level of reserves within schools in Wales was £76 million at the end of March 2008, the equivalent of £165 per pupil.  This is an increase of 12% over the previous year.  Reserves in primary schools accounted for £47 million or 62% of the total.
• The level of reserves as a percentage of delegated schools expenditure was on average 4.3%.  This is an increase of 0.3 percentage points on the previous year.
• Isle of Anglesey had the highest level of reserves as a percentage of delegated schools expenditure at 8.6%.  Monmouthshire recorded the lowest percentage with 2.4%.
• 2 nursery schools, 155 primary schools, 47 secondary schools and 5 special schools in Wales had negative reserves (i.e. deficits) totalling £8 million at the end of March 2008.  The remaining 1,628 schools had positive reserves at the end of March 2008; 376 of which had reserves in excess of 10% of their total delegated expenditure.

Contact

Tel: 029 2082 3519
E-mail: stats.finance@wales.gsi.gov.uk

Next update

November 2009 (provisional - to be confirmed on the Due Out Soon page)