Probably not - although OFSTED's remit in assessment is very wide.
To return to the point made earlier by others including myself, I think there is more to this instance than has been revealed.
The school will be unlikely to comment, so the press have free reign to spout what they like.
I recall a time when my uncle was a head teacher - before the days of standard welfare payments for deprived families. A child in his school was going without school lunches because his parents could not afford them, so for several months my uncle paid for them out of his own pocket. As an attempt to get the local authority to support the family properly, he advised them that he was withdrawing his own payments. The local media pilloried him for 'letting a child starve' in his own school, and he was constrained from explaining the full facts of the story.
As always, never let the facts get in the way ...