Auditors are increasingly raising the alarm about academy trusts at risk of running out of money, with chains raiding reserves and eyeing expansion to pay off deficits. A Schools Week analysis of annual accounts has revealed a prevailing picture of “unviable trusts”. The Rodillian Trust, which sponsors three schools in West Yorkshire, used more than […]
Auditors flag increase in financially ‘unviable’ academy trusts Read More »
Twenty-three academy trusts breached funding rules last year when they made payments of more than £4 million to companies related to members of their staff or trustees. For the first time, Schools Week can reveal who the trusts are and the 26 transactions in which they failed to show they were fully compliant with rules
Revealed: The 23 trusts that broke rules over £4m related-party transactions Read More »
New performance measures such as Progress 8 have led some multi-academy trusts to move away from traditional data-system providers. “Added layers of complexity” have helped to shake up the management information system (MIS) market at present dominated by Capita SIMS, which supports more than 80 per cent of schools. But a desire to access data
Multi-academy trusts swap data systems for Progress 8 Read More »