Academies overspent by £171m in 2014/15
Academies overspent by £171 million for the 2014/15 academic year, according to government figures.
Official figures released by the Department for Education (DfE) show that Academies received a total income of £16.74 billion in the year ending August 2015, but had a total expenditure of £16.91 billion.
The overspend of £171 million represents one per cent of income, with teaching staff being the largest expenditure at £8.27 billion.
Despite being the largest expense, expenditure on teaching staff has fallen proportionately since 2011/12 by 4.4ppts.
£440 million was spent on supply staff, while £2.13 billion went to back office costs and £1.97 billion was paid to education support staff.
The DfE says that the overspend does not mean that academies are necessarily in debt, as they ‘may have had reserve funds from which these costs were able to be met’.
Read moreLatest News
14/07/2025 - 11:57
Nearly one in two (49%) UK parents feel under-informed about what their children are eating at school, new research from ParentPay Group and LACA reveals.
14/07/2025 - 10:55
Young people with experience of being out of education, employment and training will help shape policy as part of a new Youth Guarantee Advisory Panel.
14/07/2025 - 10:52
Chefs in Schools has published a report compiling findings from polls surveying 1,000 parents, and found that 96 per cent want their children’s school meals to be prepared with fresh and/or nutritious ingredients
14/07/2025 - 10:23
A new initiative will see primary school children becoming junior active travel inspectors, with a new mission to help more kids cycle, walk, wheel, and scoot to schools.
11/07/2025 - 10:17
Ofsted has announced it will be holding a programme of sector engagement events in September to go alongside the final set of education inspection reforms.
