EAST MIDLANDS ACADEMY TRUST: academy finances
12 academies with a full-year return, 1 of them in deficit at their latest return. A trust can move money between its academies, so an academy shown in deficit may be supported by the trust as a whole.
Most of a school's money pays for staff, so deficits usually build up when pay and other costs rise faster than funding, or when pupil numbers fall and the money that comes with each pupil goes too. What helps: a recovery plan agreed with the council or trust that brings the budget back into balance over a few years, regular forecasts that governors check, and early conversations about pupil numbers and special needs funding.
- 2018-19: 0 of 7 academies in deficit
- 2019-20: 0 of 7 academies in deficit
- 2020-21: 0 of 7 academies in deficit
- 2021-22: 0 of 7 academies in deficit
- 2022-23: 0 of 7 academies in deficit
- 2023-24: 0 of 7 academies in deficit
- 2024-25: 0 of 7 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £716 per pupil centrally (cash), money that is not counted in its academies' own spending, or £757 in 2025–26 prices. The IFS average for all trusts in 2023-24 was £510 per pupil, in 2025–26 prices (IFS, p.56).
Figures are each school's latest full-year return, total with the per-pupil figure beside it. PTA income is the school's share of its registered parents' association's latest return, in the school year that return falls in. Where no registered parents' association was found, the school may still have one: charities with an income of £5,000 or less need not register.
| School | Status | Reserve | Government funding | Spending | PTA income | PTA per pupil | Donations | Reserve per pupil trend |
|---|---|---|---|---|---|---|---|---|
In deficit | -£16k -£195 per pupil | £641k £7,817 per pupil | £778k £9,488 per pupil | £7k | — | £16k £195 per pupil | ||
Tight | +£360k +£198 per pupil | £15.7m £8,686 per pupil | £12.6m £6,926 per pupil | No registered parents' association found | — | -£2k -£1 per pupil | ||
Tight | +£219k +£161 per pupil | £9.2m £6,797 per pupil | £8.3m £6,162 per pupil | £15k £11 per pupil | £11 | £10k £7 per pupil | ||
Healthy | +£31k +£283 per pupil | £1.0m £9,580 per pupil | £925k £8,447 per pupil | Had a registered PTA until 2006 | — | £1k £9 per pupil | ||
Healthy | +£107k +£248 per pupil | £2.6m £6,076 per pupil | £2.3m £5,285 per pupil | Had a registered PTA until 2021 | — | £9k £21 per pupil | ||
Healthy | +£102k +£412 per pupil | £1.6m £6,362 per pupil | £1.6m £6,362 per pupil | £5k £20 per pupil | £20 | £0 £0 per pupil | ||
Large reserves | +£37k +£949 per pupil | £426k £10,923 per pupil | £505k £12,949 per pupil | £7k | — | £20k £513 per pupil | ||
Large reserves | +£218k +£650 per pupil | £2.6m £7,875 per pupil | £2.3m £6,791 per pupil | No registered parents' association found | — | £3k £9 per pupil | ||
Large reserves | +£53k +£949 per pupil | £592k £10,571 per pupil | £563k £10,054 per pupil | £3k £47 per pupil | £47 | £2k £36 per pupil | ||
Large reserves | +£92k +£944 per pupil | £753k £7,723 per pupil | £795k £8,154 per pupil | £6k | — | £5k £51 per pupil | ||
Large reserves | +£54k +£1,137 per pupil | £440k £9,263 per pupil | £539k £11,347 per pupil | £3k £66 per pupil | £66 | £1k £21 per pupil | ||
Large reserves | +£618k +£1,440 per pupil | £3.1m £7,261 per pupil | £2.7m £6,354 per pupil | No registered parents' association found | — | £1k £2 per pupil |
Sources: DfE Financial Benchmarking and Insights Tool data (CFR returns for council-run schools, April to March; academy accounts returns, September to August), Get Information about Schools, DfE section 251 outturn (DSG balances), the Charity Commission register and the IFS annual report on education spending in England 2025–26 (IFS figures in 2025–26 prices, November 2025 deflator). Open Government Licence v3.0. Check at source: DfE benchmarking for this trust. How these figures are worked out