AFH | 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. […]

Downsizing trust ‘failed to balance books quickly enough’

The Department for Education has slapped strict spending controls on an academy trust accused of failing to balance its books rapidly enough after it was stripped of a school. The Castle Trust, which is now preparing to close, has been issued a financial notice to improve after it “failed to act quickly enough to make […]

Speed read: ‘Academy trust handbook’ 2021 published as DfE rebrands key guide

The DfE has rebranded the academies financial handbook as the academy trust handbook, with ministers dubbing the latest edition a “one stop shop” for academy leaders. The update has also seen financial notices to improve renamed as “notices to improve”, to reflect that the warnings issued to academies sometimes cover “broader governance issues”. Baroness Berridge, […]