academy accounts | Schools Week

Bailed-out academy boss set for £150k payout, despite £1.1m budget hole

A single academy trust facing closure has set aside a £150,000 payout for its chief executive, despite reporting a £1.1 million budget black hole last year and needing two taxpayer bailouts. The Castle Trust is set to be wound up after it was stripped of Delce Academy in Kent last year following an “inadequate” rating. […]

ESFA extends deadline for academy accounts amid Covid ‘challenges’

Academy trusts will be given an extra month to submit their audited financial statements and accounts returns because of “challenges” presented by Covid-19. In a letter to academy accounting officers, Education and Skills Funding Agency chief executive Eileen Milner said the deadline for submission of financial statements for the year ending August 31 2020 would […]

More than 80 academy trusts named for submitting spending data late

More than 80 academy trusts that submitted financial information late have today been named by the government as part of its latest academies transparency drive. A government release published today revealed that 97 per cent of trusts submitted financial returns to the government on time for the 2017-18 academic year. However 88 trusts – three per […]