THE RAINBOW MULTI ACADEMY TRUST: 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.
- 2021-22: 0 of 5 academies in deficit
- 2022-23: 0 of 11 academies in deficit
- 2023-24: 6 of 11 academies in deficit
- 2024-25: 0 of 13 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £829 per pupil centrally (cash), money that is not counted in its academies' own spending, or £876 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 | +£8k +£203 per pupil | £380k £9,383 per pupil | £391k £9,654 per pupil | £888 £22 per pupil | £22 | £0 £0 per pupil | ||
Tight | +£8k +£203 per pupil | £486k £12,304 per pupil | £484k £12,253 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Tight | +£17k +£203 per pupil | £643k £7,565 per pupil | £629k £7,400 per pupil | £3k | — | £1k £12 per pupil | ||
Tight | +£101k +£203 per pupil | £3.8m £7,639 per pupil | £3.7m £7,396 per pupil | Had a registered PTA until 2011 | — | £2k £4 per pupil | ||
Tight | +£34k +£203 per pupil | £1.3m £7,671 per pupil | £1.2m £7,293 per pupil | No registered parents' association found | — | £2k £12 per pupil | ||
Tight | +£30k +£203 per pupil | £1.0m £6,939 per pupil | £1.1m £7,156 per pupil | No registered parents' association found | — | £7k £48 per pupil | ||
Tight | +£21k +£203 per pupil | £697k £6,767 per pupil | £736k £7,146 per pupil | No registered parents' association found | — | £1k £10 per pupil | ||
Tight | +£21k +£203 per pupil | £690k £6,667 per pupil | £635k £6,135 per pupil | No registered parents' association found | — | £1k £10 per pupil | ||
Tight | +£66k +£203 per pupil | £2.1m £6,591 per pupil | £2.1m £6,542 per pupil | £16k £49 per pupil | £49 | £0 £0 per pupil | ||
Healthy | +£30k +£203 per pupil | £942k £6,452 per pupil | £985k £6,747 per pupil | No registered parents' association found | — | £1k £7 per pupil | ||
Healthy | +£58k +£203 per pupil | £1.7m £6,113 per pupil | £1.6m £5,658 per pupil | No registered parents' association found | — | £2k £7 per pupil | ||
Healthy | +£43k +£203 per pupil | £1.4m £6,752 per pupil | £1.3m £6,276 per pupil | No registered parents' association found | — | £14k £67 per pupil | ||
Healthy | +£22k +£203 per pupil | £652k £6,093 per pupil | £641k £5,991 per pupil | No registered parents' association found | — | £6k £56 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