HC Deb 25 June 1997 vol 296 cc570-1W
Mr. Don Foster

To ask the Secretary of State for Wales what estimate he has made of the total value of balances held by state schools in Wales. [5067]

Mr. Hain

[holding answer 23 June 1997]: According to section 122 outturn statements for 1995–96, the latest year for which this information is available, LEA maintained schools in Wales held balances of just under £50 million. This equates to an average balance of £25,500 per school. Grant-maintained schools in Wales had net current assets of £958,969, allocated across various heads including capital funds. This equates to an average balance—including capital funds—of £59,936.

The overall average balance for all schools in Wales is £25,780.