Why new DfE statistics may be concealing the number of academies in financial difficultiesDate: 16.08.2018
- New statistics on the balances of academy trusts in 2016/17 have been published by the Department for Education this week.
- Rather than examining the number of individual academy schools in financial surplus or deficit, the analysis assesses the overall financial status of academy trusts.
- This means that if an academy is in financial deficit, but the trust it is in is overall in surplus, then this individual academy school is also deemed in surplus.
- Such an approach misrepresents the number of academies that are in financial difficulties.