Academies: Expenditure
(asked on 19th January 2017) - View Source
Question to the Department for Education:
To ask Her Majesty’s Government what proportion of academies spent more than their incomes between 2012–13 and 2014–15.
Because the number of academy trusts increased between 2012 and 2015, the number and proportion of trusts which are recorded as having spent more than their incomes between 2012-13 and 2014-15 are taken from a range of Statistical First Releases (SFRs). The SFRs are experimental statistics using data from the benchmarking section of the account returns for the academic years. In summary:
Single Academy trusts | 2012/13 | 2013/14 | 2014/15 |
Number of single academy trusts | 1,625 | 2,141 | 2,195 |
Number of single academy trusts recorded as having spent more than their income per year | 692 | 895 | 1,164 |
Proportion of single academy trusts recorded as having spent more than their income per year | 42.6% | 41.8% | 53.0% |
Multi Academy trusts | 2012/13 | 2013/14 | 2014/15 |
Number of multi academy trusts | 135 | 496 | 691 |
Number of multi academy trusts recorded as having spent more than their income per year | 34 | 193 | 363 |
Proportion of multi academy trusts recorded as having spent more than their income per year | 25.2% | 38.9% | 52.5% |
In 2014-15 737 of 1,231 (59.9%) of secondary single academy trusts spent more than their incomes. In the same year, 487 of 906 (53.8%) of secondary academies within multi academy trusts spent more than their incomes.
This answer relates to expenditure and income in year, rather than to whether academy trusts have an overall surplus or deficit. At the end of the year 2014/15 only 113 (4.0%) of academy trusts reported a cumulative deficit.