VICTORIOUS ACADEMIES TRUST: academy finances
11 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.
- 2019-20: 0 of 6 academies in deficit
- 2020-21: 0 of 7 academies in deficit
- 2021-22: 0 of 7 academies in deficit
- 2022-23: 0 of 7 academies in deficit
- 2023-24: 0 of 10 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 £434 per pupil centrally (cash), money that is not counted in its academies' own spending, or £459 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 | +£120k +£281 per pupil | £2.4m £5,718 per pupil | £2.5m £5,765 per pupil | £16k £38 per pupil | £38 | £25k £59 per pupil | ||
Healthy | +£108k +£496 per pupil | £1.8m £8,171 per pupil | £1.7m £7,991 per pupil | £6k £26 per pupil | £26 | £2k £9 per pupil | ||
Healthy | +£227k +£529 per pupil | £2.9m £6,730 per pupil | £2.9m £6,704 per pupil | No registered parents' association found | — | £2k £5 per pupil | ||
Healthy | +£166k +£530 per pupil | £2.0m £6,454 per pupil | £1.9m £6,112 per pupil | Registered, no income filed yet | — | £4k £13 per pupil | ||
Large reserves | +£139k +£654 per pupil | £1.5m £6,836 per pupil | £1.4m £6,554 per pupil | No registered parents' association found | — | £4k £19 per pupil | ||
Large reserves | +£338k +£753 per pupil | £3.5m £7,844 per pupil | £3.3m £7,416 per pupil | No registered parents' association found | — | £5k £11 per pupil | ||
Large reserves | +£312k +£921 per pupil | £2.4m £7,220 per pupil | £2.3m £6,830 per pupil | No registered parents' association found | — | £3k £9 per pupil | ||
Large reserves | +£441k +£1,000 per pupil | £2.8m £6,412 per pupil | £2.7m £6,063 per pupil | £8k | — | £6k £14 per pupil | ||
Large reserves | +£371k +£1,882 per pupil | £1.7m £8,629 per pupil | £1.8m £9,198 per pupil | No registered parents' association found | — | £1k £5 per pupil | ||
Large reserves | +£404k +£1,847 per pupil | £1.7m £7,735 per pupil | £1.6m £7,460 per pupil | No registered parents' association found | — | £4k £18 per pupil | ||
Large reserves | +£284k +£2,150 per pupil | £1.3m £9,561 per pupil | £1.3m £9,879 per pupil | No registered parents' association found | — | £2k £15 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