The report provides an analysis of financial reserves held by schools as at 31 March 2020.
The overall level of reserves held by schools in Wales was £31 million at 31 March 2020, the equivalent of £69 per pupil. The overall level of reserves decreased by 32.6% compared with the previous year. Reserves in primary schools accounted for £37 million.
The decrease in overall reserves is driven by primary schools where reserves decreased by £10.6 million or 22% in the latest year. Overall there was a decrease of £15.1 million in total reserves.
Ceredigion had the highest level of reserves per pupil at £285 while Denbighshire had the lowest with a deficit of £91 per pupil.
Since the economic downturn in 2008 and the introduction of austerity measures there has been an increasing number of schools with negative or lower level of reserves. 8% of schools now have reserves over 10% of expenditure, half of the percentage a decade ago.
236 primary, 80 secondary, 9 special, 1 nursery and 14 middle schools in Wales had negative reserves totalling £35 million. The remaining 1,163 schools had positive reserves, 117 of which had reserves in excess of 10% of their total delegated expenditure.
Datasets and interactive tools
Telephone: 0300 025 3963
Telephone: 0300 025 8099