LEO ACADEMY TRUST: academy finances
9 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 6 academies in deficit
- 2019-20: 0 of 6 academies in deficit
- 2020-21: 0 of 6 academies in deficit
- 2021-22: 0 of 6 academies in deficit
- 2022-23: 0 of 7 academies in deficit
- 2023-24: 0 of 9 academies in deficit
- 2024-25: 0 of 9 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £433 per pupil centrally (cash), money that is not counted in its academies' own spending, or £458 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 |
|---|---|---|---|---|---|---|---|---|
Heading for deficit | +£15k +£63 per pupil | £1.5m £6,278 per pupil | £1.8m £7,722 per pupil | £30k £125 per pupil | £125 | £2k £8 per pupil | ||
Heading for deficit | +£21k +£89 per pupil | £1.6m £7,030 per pupil | £2.1m £9,061 per pupil | No registered parents' association found | — | £1k £4 per pupil | ||
Tight | +£28k +£63 per pupil | £2.5m £5,769 per pupil | £3.0m £6,730 per pupil | £16k £37 per pupil | £37 | £0 £0 per pupil | ||
Tight | +£112k +£124 per pupil | £5.2m £5,784 per pupil | £6.1m £6,737 per pupil | £22k £24 per pupil | £24 | £1k £1 per pupil | ||
Large reserves | +£342k +£671 per pupil | £2.9m £5,624 per pupil | £3.2m £6,357 per pupil | £33k £64 per pupil | £64 | £4k £8 per pupil | ||
Large reserves | +£377k +£928 per pupil | £2.5m £6,192 per pupil | £2.7m £6,633 per pupil | £33k £81 per pupil | £81 | £4k £10 per pupil | ||
Large reserves | +£380k +£869 per pupil | £2.7m £6,190 per pupil | £2.9m £6,670 per pupil | No registered parents' association found | — | £1k £2 per pupil | ||
Large reserves | +£766k +£1,130 per pupil | £4.3m £6,373 per pupil | £4.8m £7,069 per pupil | £13k | — | £3k £4 per pupil | ||
Large reserves | +£873k +£1,922 per pupil | £2.8m £6,119 per pupil | £3.2m £6,963 per pupil | £24k £52 per pupil | £52 | -£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