§ Mr ColvinTo ask the Secretary of State for Education what is the value of reserves held on deposit on current account by state schools in England and Wales.
§ Mr. Robin SquireIn respect of England, information on the cumulative net balances recorded in local education authorities' LMS outturn statements for the financial year 1993–94 is contained in the answers which I gave to the hon. Member for Rugby and Kenilworth (Mr. Pawsey) on 19 and 27 January,Official Report, columns 641–43 and 410–11 respectively. The Department does not collect information which would indicate the extent to which these balances are held in schools' own current bank accounts.
Information regarding the financial balances held by grant-maintained schools in England is held by the Funding Agency for Schools, and I have asked its chairman to write to the hon. Member. The funding of LEA and grant-maintained schools in Wales is the responsibility of my right hon. Friend the Secretary of State for Wales.