Schools: Debts:Written question - 47869

(Feltham and Heston)

Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 10 October 2016
Department for Education
Schools: Debts
To ask the Secretary of State for Education, how many and what proportion of schools are currently in debt; and to whom such schools are in debt.
Answered by: Nick Gibb
Answered on: 02 November 2016

The financial reporting requirements of academy trusts and maintained schools differ and therefore are not directly comparable. In the 2014/15 academic year, 113 academy trusts reported a cumulative revenue deficit in the August Accounts Return. This represents 4% of trusts submitting a return. At the end of the 2014-15 financial year, local authorities reported 944 LA-maintained schools with a deficit revenue balance. This represents 5.3% of such schools.

Further information on the financial position of these schools can be found in the financial statements of the academy trusts or for maintained schools the Consistent Financial Reporting (CFR) returns.

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