Silver linings: Big academy trusts see reserves boosted by Covid windfalls

Large academy trusts have racked up multi-million-pound surpluses during the pandemic, as savings from school closures and extra DfE cash boosted reserves.

Schools Week analysis of trust accounts highlights significant Covid windfalls, despite schools’ extra costs and widespread calls for more funding.

One trust boosted its reserves by £9 million, while another moved from a deficit to a £6 million surplus.

If you liked this post please share it:
Follow Us:
This entry was posted in Top story. Bookmark the permalink.