Academy trust served with financial notice warning

The Guardian is reporting that a high profile academy trust has been served with a financial notice warning from the DfE in  what it calls ‘the latest of a number of embarrassing developments’…

The Durand Academy Trust (DAT), which runs the Durand Academy in south London, has been the subject of media coverage because of its controversial state boarding school in the Sussex countryside and a recent appearance before MPs by its colourful head teacher Sir Greg Martin.

The Education Funding Agency (EFA), which is responsible for funding and monitoring academies, has written to the trust, issuing a financial notice to improve. Though it acknowledges some improvements, the letter says there remain “significant concerns”…

The EFA welcomed DAT’s proposal to replace Martin as the accounting officer in order to reduce conflicts of interest. All new appointments will have to be cleared by the EFA…

The EFA warned that if DAT failed to comply with the terms set out in the notice, education secretary Nicky Morgan could terminate the funding agreement…

More at: Academy trust served with financial notice warning

 

Read the letter in full from the Education Funding Agency at: Financial notice to improve: Durand Academy Trust

 

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Comments

  1. andylutwyche

    SchoolsImprove More embarrassment for ministers as yet another academy trust lauded by DfE is in the media for the wrong reasons

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