Academies Benchmark Report 2023
The benchmark that draws on the data and views of 2,700 academy schools provides the definitive position on the financial position on academy trusts across the UK and the challenges faced in the year ahead.
Our Academies Benchmark Report 2023 is based on those academies that prepared financial statements for the period ended 31 August 2022 and which were audited by member firms of Kreston UK.
Key highlights from the 2023 benchmark:
- Per pupil income has increased by just 1% against inflation rates topping 10%.
- 88% of academy trusts expect to see surpluses and reserves fall
- 47% of single academy trusts have reported in-year deficits
- Food costs have increased by 20%, outstripping funding for free school meals in two thirds of trusts
To obtain a full copy of the 2023 Academies Benchmark, click the download button.