Thursday 13 February 2014

Academy's deficit means £850k savings

From Cambridge News:

'Ernulf Academy in St Neots has been hit by changes in the way the Government pays for education and a fall in pupil numbers.



'The impact of the two combined mean it has to make massive savings, and to balance the books at least 11 teachers will lose their jobs.

Headteacher Scott Preston told the paper: 'For the next academic year we have got to save £600,000. On top of the £250,000 we have saved this year... If we were funded fairly I wouldn’t have to make any of these cuts...

Financial Statement 2013

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