Finance

Fund Pooling Statement

Standing united makes us stronger and trustees unanimously agreed to develop a financial model that ensures all income works in the best interests of all academies. In a climate of economic uncertainty we hold the belief that we are stronger by tightening our belts as a single entity. If one child fails in any of our academies, we all fail. Reserves are reallocated following a formula agreed annually by Trustees in line with 2019 Finance Policy.

As the Trust evolves its financial arrangements to a Fund Pooling Policy it will no longer be necessary to take a physical management charge of 7% of an Academy income. It should be noted for the purpose of transparency, the Trust Corporate and Operational Sponsorship Services require 7% of all Academy income to operate effectively and efficiently and develop wider services based on the priorities of our academies.

The Trusts financial policies, procedures and reports are below:

Trust Finance Policy

Financial Accounts

Annual report and financial statements (period ending 31st August 2019)
Annual report and financial statements (period ending 31st August 2018)
Annual report and financial statements (period ending 31st August 2017)

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