A key principle of Trust financial governance is that each school has a responsibility to set a balanced budget. Each school is funded on a per pupil formula and it is only right that each school receives that funding. The Trustees will not allow schools to run into deficit and if necessary will intervene in any school that is not being financially well-run. (See scheme of delegation)
The Trust has appointed a Chief Finance Officer with the appropriate skills and expertise to manage the Trust’s finances. In addition, regular finance and risk committee meetings evaluate running budgets and risk to ensure informed decisions are then made.
The Trust publishes its independently audited accounts and financial statements. Including a breakdown of income and expenditure per school.