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Written question asked by Seema Malhotra (Labour) on Monday, 10 October 2016, in the House of Commons. It was due for an answer on Thursday, 13 October 2016 (named day). It was answered by Nick Gibb (Conservative) on Wednesday, 2 November 2016 on behalf of the Department for Education.

Schools: Debts

Question

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.

Answer

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.

Secondary information

Type
Written question
Reference
47869
Session
2016-17
Subjects
Debts Schools
Contains statistics
Yes
Link
View this Written question on www.parliament.uk