ST THOMAS MORE PARENT STAFF ASSOCIATION
The aim of the PSA is to organise and arrange fund raising events for the benefit of pupils, staff and parents of the school. All profits are given to the school to go towards equipment and capital works for the school and its pupils.
Financial health, per its FY2025 accounts
The accounts state that the Academy is in a financially vulnerable position with a deficit of £50,000 in restricted and unrestricted funds, citing rising costs and unfunded pay increases as significant risks. Despite this, the Trustees believe the going concern basis is appropriate because the majority of income is secured via Government grant funding for at least 12 months. The Academy has no free reserves and relies on cash flow monitoring to manage short-term variances.
What the accounts disclose
“The principal source of funding for the Trust is the GAG and other grants that it receives from the Education and Skills Funding Agency (DfE).” — page 5
“The Trustees are aware of the requirement to balance current and future needs and always aim to set a balanced budget with annual income balancing annual expenditure.” — page 5
Trustees
- lisa poulter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £27k | £19k |
| 31/08/2024 | £20k | £26k |
| 31/08/2023 | £16k | £24k |
| 31/08/2022 | £14k | £13k |
| 31/08/2021 | £15k | £14k |
Common questions
Is ST THOMAS MORE PARENT STAFF ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the Academy is in a financially vulnerable position with a deficit of £50,000 in restricted and unrestricted funds, citing rising costs and unfunded pay increases as significant risks. Despite this, the Trustees believe the going concern basis is appropriate because the majority of income is secured via Government grant funding for at least 12 months. The Academy has no free reserves and relies on cash flow monitoring to manage short-term variances. Its FY2025 accounts were audited.