• Academy trust raids £7.7m reserves to resist cuts

    An academy trust has set aside half of its reserves to prop up its budget rather than make cuts to balance its books. Trustees at Southfields MAT used £1 million from its reserves last year as a “contribution” to the budget of Southfields Academy, and plan to use another £3 million until 2020-21. Reserves will

    5.00 Mar. 9th, 2019 | News