THE LAURUS TRUST: academy finances
12 academies with a full-year return, 3 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 5 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: 2 of 8 academies in deficit
- 2023-24: 3 of 9 academies in deficit
- 2024-25: 3 of 12 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £536 per pupil centrally (cash), money that is not counted in its academies' own spending, or £566 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 | -£143k -£1,365 per pupil | £768k £7,349 per pupil | £906k £8,670 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
In deficit | -£37k -£89 per pupil | £2.2m £5,491 per pupil | £2.5m £6,039 per pupil | £34k £82 per pupil | £82 | £0 £0 per pupil | ||
In deficit | -£39k -£31 per pupil | £9.6m £7,467 per pupil | £9.8m £7,590 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Tight | +£164k +£114 per pupil | £10.6m £7,384 per pupil | £10.3m £7,166 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Healthy | +£362k +£315 per pupil | £10.2m £8,862 per pupil | £8.9m £7,766 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Healthy | +£378k +£360 per pupil | £7.9m £7,519 per pupil | £7.8m £7,397 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£502k +£425 per pupil | £9.8m £8,309 per pupil | £9.1m £7,721 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£695k +£410 per pupil | £12.0m £7,103 per pupil | £11.8m £6,950 per pupil | £1k £1 per pupil matched with lower confidence | £1 | £0 £0 per pupil | ||
Large reserves | +£233k +£510 per pupil | £2.6m £5,671 per pupil | £2.6m £5,798 per pupil | £21k £47 per pupil | £47 | £0 £0 per pupil | ||
Large reserves | +£248k +£701 per pupil | £2.3m £6,423 per pupil | £2.1m £6,014 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£69k +£1,575 per pupil | £535k £12,159 per pupil | £518k £11,773 per pupil | £2k £41 per pupil | £41 | £0 £0 per pupil | ||
Large reserves | +£126k +£6,284 per pupil | £891k £44,550 per pupil | £758k £37,900 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