ELEVATE MULTI ACADEMY TRUST: academy finances
16 academies with a full-year return, 0 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: 1 of 7 academies in deficit
- 2019-20: 0 of 8 academies in deficit
- 2020-21: 0 of 12 academies in deficit
- 2021-22: 0 of 12 academies in deficit
- 2022-23: 0 of 13 academies in deficit
- 2023-24: 0 of 14 academies in deficit
- 2024-25: 0 of 16 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £615 per pupil centrally (cash), money that is not counted in its academies' own spending, or £650 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 |
|---|---|---|---|---|---|---|---|---|
Healthy | +£20k +£969 per pupil | £393k £18,714 per pupil | £347k £16,524 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£56k +£969 per pupil | £508k £8,759 per pupil | £527k £9,086 per pupil | Had a registered PTA until 2010 | — | £1k £17 per pupil | ||
Large reserves | +£79k +£969 per pupil | £644k £7,854 per pupil | £648k £7,902 per pupil | Had a registered PTA until 2012 | — | £0 £0 per pupil | ||
Large reserves | +£109k +£969 per pupil | £824k £7,357 per pupil | £817k £7,295 per pupil | £4k £36 per pupil | £36 | £0 £0 per pupil | ||
Large reserves | +£91k +£969 per pupil | £662k £7,080 per pupil | £661k £7,070 per pupil | £8k £88 per pupil | £88 | £0 £0 per pupil | ||
Large reserves | +£103k +£969 per pupil | £765k £7,217 per pupil | £727k £6,858 per pupil | £127 | — | £1k £9 per pupil | ||
Large reserves | +£91k +£969 per pupil | £670k £7,166 per pupil | £652k £6,973 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£121k +£969 per pupil | £814k £6,512 per pupil | £819k £6,552 per pupil | No registered parents' association found | — | £1k £8 per pupil | ||
Large reserves | +£199k +£969 per pupil | £1.3m £6,312 per pupil | £1.3m £6,127 per pupil | £7k £33 per pupil | £33 | £0 £0 per pupil | ||
Large reserves | +£174k +£969 per pupil | £1.1m £6,344 per pupil | £1.1m £5,950 per pupil | £16k | — | £1k £6 per pupil | ||
Large reserves | +£166k +£969 per pupil | £1.1m £6,351 per pupil | £1.1m £6,532 per pupil | No registered parents' association found | — | £2k £12 per pupil | ||
Large reserves | +£271k +£969 per pupil | £1.7m £6,143 per pupil | £1.5m £5,493 per pupil | £13k £47 per pupil | £47 | £0 £0 per pupil | ||
Large reserves | +£272k +£969 per pupil | £1.7m £6,096 per pupil | £1.7m £5,957 per pupil | No registered parents' association found | — | £1k £4 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