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Evidence for excellence in education


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Income and expenditure in academies: new data raises more questions than answers

By Claire Easton

The latest Department for Education (DfE) statistics on income and expenditure in academies in England for 2015/16 were released last week. Press coverage focused on the extent to which academies’ expenditure exceeds their income. This shows that the total excess expenditure for all academies has risen from one per cent of total income in 2014/15 to 1.5 per cent in 2015/16 equating to an overspend of £280m in 2015/16. The DfE states that these figures do not necessarily mean that individual academies are in debt as they could be drawing on their reserves. It is not possible to tell from this Statistical First Release (SFR), which, overall, we think raises more questions than it answers. Continue reading