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His Royal Highness The Duke of Edinburgh, 10 June 1921 to 9 April 2021

Read about the arrangements following The Duke of Edinburgh’s death

The report provides an analysis of financial reserves held by schools as at 31 March 2020.

Main points

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.


Reserves held by schools, at 31 March 2020 , file type: PDF, file size: 745 KB

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Anthony Newby

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