Reporter Sasha Hinde also filmed the school’s head of operations, Paul Hamill, claiming it was "the cash cow" for Mr Saverimutto’s other businesses interests.
Panorama – which has seen leaked invoices, bank statements, details of rent payments and lease agreements – asked Nicholas Parton, head of forensic accounting at Opus Pear Tree, to examine the school’s finances.
He said: "From the financial information we have seen, it appears that local authority funding intended to benefit the pupils of the school has been used to finance a gym and/or coffee business operated by Mr Saverimutto and his family."
Despite the amount of public money going into Life Wirral, undercover filming by Panorama revealed concerns about a lack of funding for the school.
Parts of the building were in a poor condition and often the internet did not work, which meant pupils were sometimes unable to complete tasks set.
One senior member of staff joked about the poor quality of the school's sensory room, saying: "We’ve got a doll's head on top of a freezer, a bean bag, and a lava lamp. This is the sensory room?"