Kreston UK Academies Benchmark Report 2024
The 12th annual Kreston UK Academies Benchmark Report published today highlights a marked increase in academies dipping into their reserves to keep up with the significant cost increases that have hit the sector.
Trusts running in-year deficits – spending more than their allocated funding for that year – have more than doubled since 2021. However, despite the challenges faced, the Academy sector has actually faired far better than many predicted.
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