Delaying reception start - does this delay funding to the school?

[Tabitha8]

Someone told me recently that if I delay my child's start into Reception until, say, January 2014 (he was born in the summer) then the primary school he goes to won't get funding for him until Sept 2014.
Does anyone know if that is correct? It sounds a bit harsh for the school to me. Especially if half the class are in a similar situation.

The headcount takes place in Jan 2014 and impacts the the funding year from April 2014-March 2015 as school funding follows the government financial year rather than the school year.

My understanding is that the DfE have looked at the level of deferment for schools and are in effect giving extra funding equivalent to the average number of pupils that deferred entry.
Like a lot of the new funding arrangements this is very much on a suck it and see situation. David Laws as responsible minister for funding has already promised to review any areas of the new funding regime that cause undue turbulence. However what we might call undue turbulence the department may well ignore!
This is the schools problem and if you feel your child is not ready for school then you should do what is best for your child. The school will survive, though no doubt put pressure on parents to send their children to school by October.

Thanks for all the info everyone.