EAST MIDLANDS EDUCATION TRUST: academy finances
23 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 12 academies in deficit
- 2019-20: 1 of 14 academies in deficit
- 2020-21: 1 of 18 academies in deficit
- 2021-22: 1 of 19 academies in deficit
- 2022-23: 1 of 21 academies in deficit
- 2023-24: 2 of 23 academies in deficit
- 2024-25: 1 of 23 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £218 per pupil centrally (cash), money that is not counted in its academies' own spending, or £230 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 | -£12k -£66 per pupil | £1.2m £6,467 per pupil | £1.2m £6,767 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Healthy | +£52k +£226 per pupil | £1.6m £7,139 per pupil | £1.6m £7,004 per pupil | £2k £8 per pupil | £8 | £0 £0 per pupil | ||
Healthy | +£163k +£238 per pupil | £4.7m £6,909 per pupil | £4.6m £6,721 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Healthy | +£30k +£329 per pupil | £701k £7,620 per pupil | £712k £7,739 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Healthy | +£271k +£414 per pupil | £5.2m £7,965 per pupil | £5.3m £8,095 per pupil | No registered parents' association found | — | £8k £12 per pupil | ||
Healthy | +£88k +£526 per pupil | £1.1m £6,754 per pupil | £1.2m £7,042 per pupil | No registered parents' association found | — | £2k £12 per pupil | ||
Large reserves | +£573k +£558 per pupil | £7.5m £7,270 per pupil | £7.9m £7,738 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£205k +£597 per pupil | £2.3m £6,671 per pupil | £2.4m £6,985 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£71k +£1,086 per pupil | £828k £12,738 per pupil | £831k £12,785 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£120k +£579 per pupil | £1.3m £6,488 per pupil | £1.4m £6,710 per pupil | £6k £32 per pupil | £32 | £0 £0 per pupil | ||
Large reserves | +£1.2m +£696 per pupil | £11.9m £6,711 per pupil | £13.1m £7,362 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£245k +£721 per pupil | £1.9m £5,627 per pupil | £1.9m £5,656 per pupil | £11k | — | £0 £0 per pupil | ||
Large reserves | +£1.3m +£1,017 per pupil | £9.6m £7,378 per pupil | £8.8m £6,805 per pupil | £5k £4 per pupil | £4 | £0 £0 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