• DfE threatens to reclaim £110k loan unless school joins a multi-academy trust

    The government has threatened to forcibly claim back a £110,000 loan issued to a single-academy trust unless it joins a MAT. The threat comes as a school leaders’ union issues a warning over the “serious implications” of conditions attached to such emergency loans. A financial notice to improve issued to Hinckley Academy and John Cleveland

    7.00 Feb. 1st, 2019 | News

  • Academy trust rapped over boss' £23,000 ex-gratia fee

    A government investigation has uncovered a swathe of financial and governance failings at a single academy trust – including “potential irregularity” over football tickets costing more than £4,000. The investigation into Westfield Academy, a mixed secondary school with a sixth form in Hertfordshire, also found a former finance boss had been paid a £22,600 honorarium

    16.55 Sep. 28th, 2018 | News

  • London secondary school hit with financial notice to improve over failure to balance budget

    A secondary school in Richmond upon Thames has been handed a financial notice to improve by the Education and Skills Funding Agency (ESFA), after failing to set a balanced budget for 2017-18. The school, rated ‘requires improvement’ by Ofsted after an inspection in January, has also failed to “establish strong internal financial controls”, according to

    16.03 Sep. 14th, 2018 | News

  • Financial warning for the academy trust that sent leaders to New Zealand

    An academy trust that spent over £12,000 on a trip abroad for two of its leaders has been handed a financial notice to improve by the government. Silver Birch Academy Trust now has to run most of its spending decisions past the government and must make changes to the way it is run to avoid

    16.02 Jun. 22nd, 2018 | News

  • Troubled UCAT trust to shed four schools after finances warning

    Four schools run by the troubled University of Chester Academies Trust (UCAT) will be rebrokered to new sponsors following the intervention of a government schools commissioner. Christine Quinn, the regional schools commissioner for the West Midlands, has “agreed with the trust to initially rebroker four schools” in order to “release capacity”, according to a parliamentary written

    12.07 May. 25th, 2018 | News

  • University of Chester Academies Trust warned over £3m deficit

    The University of Chester Academies Trust (UCAT) has been told to get its finances in order after racking up a £3 million deficit. The shortfall in the chain’s latest financial forecast breaks the terms of its funding agreement, which insists it returns a balanced budget. This has led to an official financial notice to improve

    16.45 May. 11th, 2018 | News

  • Devon's Bay Education Trust hit with financial notice to improve

    A Devon-based multi academy trust has been handed a financial notice to improve by the Education and Skills Funding agency. Bay Education Trust has had many of its spending powers suspended, and has been warned it faces closure if it does not address concerns about its financial management. The notice was issued because the trust had

    16.11 Mar. 2nd, 2018 | News