Financial Information
Elevare Civic Education Group is the overarching group brand for London South East Colleges, London South East Academies Trust and Elevare Education Foundation.
Born from the belief that everyone deserves the chance to succeed, we founded the Elevare Education Foundation, a dynamic new charity working across London and the south east. It creates opportunities for children, young people and adults who face challenges in their lives.
Research-powered and inclusion-focused, it delivers pioneering wellbeing programmes, mentoring and exciting learning opportunities in our communities.
Through our Education Group’s network of schools and colleges, Elevare Education Foundation brings decades of experience delivering high-quality education, support and guidance, along with a true understanding of the issues our communities face.
Recently registered with the Charity Commission, Elevare Education Foundation will provide financial information ten months after its first financial period.
Our Colleges and Multi-Academy Trust financial details are provided below.
London South East Colleges (LSEC)
Delivering a strong financial result in 2024-25, LSEC improved its operating position compared to the previous year. This was driven by higher income, primarily from Young People’s funding body grands, together with lower operating costs – particularly in subcontracting and project-related expenditure.
As an education establishment, LSEC is mainly funded via grants, tuition fees and education contracts, as detailed below.
London South East Academies Trust (LSEAT)
LSEAT continued to achieve good annual financial results despite the challenges faced in the education sector in recent years, achieving a small overall surplus prior to FRS102 pension adjustments.
The majority of the increased turnover related to additional revenue income from schools transferring into the Trust. Growth will continue in 25/26 with more schools joining the Trust and this will further improve the financial resilience of both the Trust and the schools joining it.
This information will be updated each year when our accounts have been ratified for the most recent financial year.