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Academy Conversion "Know-How"

Resource

18th August, 2017

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WHAT IS AN ACADEMY?

General overview of an Academy:

An Academy Trust (AT) is a charitable company limited by guarantee.
It must have at least three Members (those people who establish the AT). In law, the Members are the owners.
The Members shall attend and vote at general meetings of the AT and be responsible for appointing the AT’s Board of Directors, appointing the auditors and approving the accounts.
The Board of Directors manage the AT.
PLEASE NOTE the terminology used in the legislation and model documentation is confusing: TRUSTEES = DIRECTORS.
Sub-committees can be created (e.g. finance, curriculum) which have delegated powers and report to the Trustees. For a subcommittee to be quorate, there must be a majority of Trustees sitting on the sub-committee.

POSSIBLE STRUCTURES:

The D f E recognise four possible structures for academies:

Single Academy;
Umbrella Trust;
Multi Academy Trust; and
Collaborative Trust

Current policy encourages Multi Academy Trusts (MATs) for groups of schools wishing to convert together.

To read more, click the link below.

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