Question
To ask the Secretary of State for Education, pursuant to the Answer of 7 March 2017 to Question 66084, on Sandymoor School, if she will provide an update on the reference to a deficit of £522,760.
Answered on
26 April 2017
The financial statements for the year ended 31 August 2016 for Sandymoor School (published on 5 January 2017), made reference to a deficit of £522,760. The school and their auditors have confirmed that this was an error.
Sandymoor School has since corrected this error and filed updated financial statements for the year ended 31 August 2016 at Companies House on 11 April 2017. The updated statements have also been published on the school’s website. The updated statements confirm that the school had a cumulative surplus on recurrent funds of £173,401 at the end of 2015/16.