Total company income in 2008-2009 amounted to £73,648,000 (2007-08 £73,745,000) comprising:
• £62,039,000 through the contract with the city council;
• £4,220,000 from schools under specific service level agreements; and
• £7,389,000 for work undertaken on behalf of schools which was over and above that specified under service level agreements, work on behalf of departments of Leeds City Council, grants and contributions from other partner bodies and interest on investments.
Expenditure in 2008-2009 of £73,702,000 (2007-08 £73,571,000) was incurred including making provision for future depreciation costs for fixed assets purchased during the year. This resulted in an operating loss of £54,000 (excluding pensions adjustments).
The operating loss arose largely due to reduced grant income and lower investment rates partially offset by savings in staffing and home to school and college transport costs.
The average number of staff employed by Education Leeds during the financial year was 990 full time equivalents (2007-08: 965). This increase was mainly due to new posts in the ICT, performance management and school improvement teams.
The premises used by Education Leeds are rented from Leeds City Council.
The information provided above does not constitute the company accounts.
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