INMAT: academy finances
13 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: 0 of 7 academies in deficit
- 2019-20: 0 of 11 academies in deficit
- 2020-21: 0 of 11 academies in deficit
- 2021-22: 0 of 11 academies in deficit
- 2022-23: 0 of 11 academies in deficit
- 2023-24: 0 of 11 academies in deficit
- 2024-25: 0 of 11 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £469 per pupil centrally (cash), money that is not counted in its academies' own spending, or £496 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 |
|---|---|---|---|---|---|---|---|---|
Large reserves | +£106k +£503 per pupil | £1.2m £5,562 per pupil | £1.0m £4,876 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£264k +£743 per pupil | £2.3m £6,577 per pupil | £2.1m £6,037 per pupil | No registered parents' association found | — | £2k £6 per pupil | ||
Large reserves | +£205k +£849 per pupil | £1.6m £6,834 per pupil | £1.4m £5,896 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£354k +£873 per pupil | £2.6m £6,414 per pupil | £2.3m £5,574 per pupil | No registered parents' association found | — | £1k £2 per pupil | ||
Large reserves | +£247k +£949 per pupil | £1.6m £6,330 per pupil | £1.6m £6,058 per pupil | £9k | — | £11k £42 per pupil | ||
Large reserves | +£376k +£1,096 per pupil | £2.3m £6,778 per pupil | £2.1m £6,160 per pupil | £11k £32 per pupil | £32 | £2k £6 per pupil | ||
Large reserves | +£333k +£949 per pupil | £2.1m £5,949 per pupil | £1.9m £5,333 per pupil | No registered parents' association found | — | £48k £137 per pupil | ||
Large reserves | +£386k +£978 per pupil | £2.2m £5,501 per pupil | £2.0m £5,177 per pupil | £6k £16 per pupil | £16 | £0 £0 per pupil | ||
Large reserves | +£219k +£1,217 per pupil | £1.1m £6,217 per pupil | £1.1m £5,839 per pupil | £11k | — | £1k £6 per pupil | ||
Large reserves | +£407k +£1,668 per pupil | £1.5m £6,303 per pupil | £1.4m £5,627 per pupil | £2k | — | £0 £0 per pupil | ||
Large reserves | +£679k +£1,901 per pupil | £2.1m £5,798 per pupil | £1.8m £4,989 per pupil | £6k £17 per pupil | £17 | £0 £0 per pupil | ||
Large reserves | +£448k +£2,373 per pupil | £1.3m £6,942 per pupil | £1.2m £6,286 per pupil | £6k £30 per pupil | £30 | £2k £11 per pupil | ||
Large reserves | +£506k +£3,182 per pupil | £1.2m £7,824 per pupil | £973k £6,119 per pupil | No registered parents' association found | — | £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