Exceptions
Some of the trusts on this list have not responded to queries about their accounts: Reach2 and David Ross Education Trust do not appear to have published their accounts online yet and have not provided copies by email (An email from DRET on June 16 provided a link to the accounts that are now available online and on June 19 I received details of accounts for the collection of MATs that make up Reach2).
Exceptions with explanations
The Academy Transformation Trust has not listed the central services charges it has made to individual academies (link below). However, Ian Cleland, CEO of Academies Transformation Trust said: 'The over all percentage we charged was 3.02%. This was on GAG of about £27.5m and meant we took a top-slice of around £800k. The highest figure we charged was £150k for a secondary Academy and the lowest was £35k for a primary academy.' He added that if the percentage was based on total income it would be 2.34%.
Although it is not on the list of MATs sponsoring 10 or more academies, the central service charge figure is also missing from White Horse Federation's accounts.
Another notable exception - also not on the list - is the Leigh Academies Trust, a MAT which was run by the Schools Commissioner Frank Green. It has published accounts but they only show the fund balances for two of the six academies it runs.
Simon Beamish, CEO of Leigh Academies Trust, said: ‘The schools that show a fund balance in the statement are the multi-academy trust’s sponsored academies. The ones that show dashes are its converter academies. The latter had all shown in-year surpluses and none of them would show cumulative deficits. The reason why the specific funding is not shown is because, every year, under the master funding agreement, the trust’s academies transfer their surplus into the trust’s reserves and so they do not accumulate a fund balance.
The rules
These are set out in full below but, in principle they say the accounts must show:
1. 'The share of funds attributable to each academy at the end of the current period'. Some of these are in deficit and that is highlighted below where it occurs.
2. 'Identify the amounts spent during the period by each academy on teaching and educational support staff'.
3. 'details of any central charges that the trust made to its constituent academies during the year... the trust’s policy for charging for those central services' - in one case this is a flat fee, in others it is a percentage of funds received by the school.
The list below says if this information has been provided and also provides details about the central services charging.
Academies Enterprise Trust (AET) and London AET
Financial statements
Info: all three items above were provided
Central Services Charge: figures provided but no percentage mentioned
Schools in deficit: 3
Academy Transformation Trust
Financial statement
Info: not all provided
Central Service Charge: 3.02%
Schools in deficit: 2
ARK Schools
Financial statement
Info: all
Central Service Charge: figures provided but no percentage mentioned
Schools in deficit: 2
Cabot Learning Federation
Financial statement
Info: all
Central Service Charge: 2.8%
Schools in deficit: 0
CfBT Education Trust
Financial statement
Info: all
Central Service Charges:
Outstanding/good academies - 3%
Require improvement/satisfactory - 4%
Special measures/free schools/new build: 5% (for the first three years then depends on Ofsted rating)
Schools in deficit: 3 (the trust itself is also running a deficit)
David Ross Education Trust (DRET)
Updated (Financial statements - but 2012/13 not published online yet)
Now available: here
Info: all
Central Services: 2.3% to 5%
Schools in deficit: 1
E-ACT
Financial statement
Info: all
Central Services: 5%
Schools in deficit: 6 (and the trust itself is in deficit)
Elliot Foundation
Financial statement
Info: all
Central Service Charge: 6%
Schools in deficit: 0 (the trust itself has a deficit)
Greenwood Dale Foundation Trust
Financial statement (included)
Info: all
Central Service Charge: 5%
Schools in deficit: 0
Harris Federation
Financial statement
Info: all
Central Service Charge: 3.3%
Schools in deficit: 3
Kemnal Academy Trust
Financial statement
Info: all
Central Service Charge: 1.8%
Schools in deficit: 0 (but trust itself is in deficit)
Northern Education Trust
Financial statement
Info: all
Central Service Charge: 3%
Schools in deficit: 1
Oasis Community Learning
Financial statement
Info: all
Central Service Charge: 4.5%
Schools in deficit: 1
Ormiston Academies Trust
Financial statement
Info: all
Central Service Charge: flat rate (£140k)
Schools in deficit: 0 (although the trust itself is in deficit)
Outwood Grange Academies Trust
Financial statement
Info: all
Central Service Charge: 5%
Schools in deficit: 0
REAch2 Academy Trust
Financial statement - (June 19) not available on line yet, details have been received and will be updated here.
The relevant information is usually in notes 12 and 19/20 except for the Hertfordshire MAT.
REACH2Warwickshire
Financial Statement
Info: all
Central Services: 4% of budget share and Local Authority Central Support Equivalent Grant.
Schools in deficit: 0
REACH2 Croydon Academy Trust
Financial Statement
Info: all
Central Services: 4% of budget share and Local Authority Central Support Equivalent Grant.
Schools in deficit: 0
REAch2 Essex Academy Trust
Financial Statement
Central Services: 4% of budget share and Local Authority Central Support Equivalent Grant.
Schools in deficit: 0
Hertfordshire
Financial Statement
Info: none appears to be available
Central Services: not published
Funding deficit: not published
Operating deficit: The trust appears to run an operating deficit in 2012/13
Kent
Financial Statement
Info: all
Central Services: 4% of budget share and Local Authority Central Support Equivalent Grant.
Funding deficits: none
Operating deficits:
Waltham Forest
Financial Statement
Info: all
Central Services: 4% of budget share and Local Authority Central Support Equivalent Grant (two schools paid identical central service charges)
Funding deficits: none
Operating deficits: the trust appears to be running an operating deficit.
School Partnership Trust Academies (SPTA)
Financial statement (included)
Info:
Central Services Charge: 3.9%
Schools in deficit: 0
The Education Fellowship Trust
Financial statement - (included)
Info: all
Central Service Charge: 5%
Schools in deficit: 0
The Griffin Schools Trust
Financial statement
Info: all
Central Services Charge: 3-5%
Schools in deficit: 0
The Primary Academies Trust
Financial statement
Info: all
Central Services charge : 5%
Schools in deficit: 0
United Learning
Financial statement
Info: all
Central Services: not mentioned
Schools in deficit: 0
Diocese:
The list also included a number of diocese but these are not multi-academy trusts - although at least one does run a MAT: Clifton Diocese; Diocese of Salisbury Academies; Diocese of Wakefield; Nottingham Roman Catholic Diocesan Education Service (NRCDES).
The rules in full:
From page 101 and 102 of the EFA's Academies Accounts Direction:
Note 17: Funds – EFA requires additional disclosures to be included by all multi-academy trusts at the foot of the funds note. These disclosures must:
- identify the share of funds attributable to each academy at the end of the current period (other than pension reserve, fixed assets, and endowment funds if present);
- provide a narrative describing the action being taken by any academy in respect of which the total of these funds is a deficit; and
- identify the amounts spent during the period by each academy on:
- teaching and educational support staff;
8.1.4 Disclosure of central services by MATs 8.1.5 All multi-academy trusts must include an additional note to their financial statements giving details of any central charges that the trust made to its constituent academies during the year. The note must describe:
- the types of central services provided to the academies by the trust during the year;
- the trust’s policy for charging for those central services. For example this might be based on a flat percentage of each academy’s income, or on pupil numbers, or time-apportionment or some other suitable basis; and
- the actual charges placed on each academy for the services during the year.
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