THE TED WRAGG MULTI ACADEMY TRUST: academy finances
18 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 5 academies in deficit
- 2019-20: 1 of 9 academies in deficit
- 2020-21: 1 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 15 academies in deficit
- 2024-25: 0 of 17 academies in deficit
in 2025-26 prices (HM Treasury GDP deflator, October 2026)
In 2023-24 the trust spent £1,096 per pupil centrally (cash), money that is not counted in its academies' own spending, or £1,158 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 | +£717k +£341 per pupil | £16.9m £8,018 per pupil | £9.5m £4,506 per pupil | No registered parents' association found | — | £3k £1 per pupil | ||
Healthy | +£151k +£681 per pupil | £2.9m £13,194 per pupil | £2.8m £12,500 per pupil | No registered parents' association found | — | £11k £50 per pupil | ||
Healthy | +£112k +£681 per pupil | £1.9m £11,811 per pupil | £1.9m £11,591 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£766k +£681 per pupil | £10.3m £9,163 per pupil | £9.2m £8,203 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£444k +£681 per pupil | £5.7m £8,735 per pupil | £5.3m £8,072 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£748k +£681 per pupil | £9.1m £8,288 per pupil | £8.6m £7,813 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£665k +£681 per pupil | £8.3m £8,512 per pupil | £7.4m £7,545 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£843k +£681 per pupil | £9.6m £7,771 per pupil | £8.4m £6,791 per pupil | No registered parents' association found | — | £1k £1 per pupil | ||
Large reserves | +£624k +£681 per pupil | £7.0m £7,670 per pupil | £6.4m £6,963 per pupil | No registered parents' association found | — | £1k £1 per pupil | ||
Large reserves | +£775k +£681 per pupil | £8.5m £7,452 per pupil | £8.4m £7,398 per pupil | No registered parents' association found | — | £2k £2 per pupil | ||
Large reserves | +£585k +£681 per pupil | £6.4m £7,428 per pupil | £6.1m £7,152 per pupil | No registered parents' association found | — | £0 £0 per pupil | ||
Large reserves | +£471k +£681 per pupil | £5.0m £7,292 per pupil | £5.2m £7,577 per pupil | No registered parents' association found | — | £3k £4 per pupil | ||
Large reserves | +£582k +£681 per pupil | £6.1m £7,126 per pupil | £6.2m £7,253 per pupil | No registered parents' association found | — | £3k £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