Three academies that were transferred away from a controversial academy trust saw their surpluses drop by 85 per cent in a year.
Wakefield City Academies Trust (WCAT) announced in September 2017 that it was giving up all 21 of its schools, saying it did "not have the capacity to facilitate the rapid improvement" they needed.
The schools have since been re-brokered to a number of different academy trusts.
Three of the schools in Bradford - Thornbury Academy, High Crags Academy and Barkerend Academy – joined Star Academies, previously known as Tauheedul Education Trust.
At the end of the last full year before they were rebrokered, they were recorded as having a combined surplus of £962,000 in WCAT’s accounts for 2016-17.
There were transferred during the following academic year, and according to Star’s 2017-18 accounts, published this week, “there were no budget surpluses transferred with any academy”.
The document records the three schools as having a combined surplus of £147,000 at the end of 2017-18 – a fall of 85 per cent over a period of 12 months.
The accounts to do not give an explanation for this difference.
Star Academies and the DfE have been approached for comment.