Strong financial management is at the heart of everything we do, with clear operational budgets to ensure finances are used effectively to meet the needs of the children at our schools.
Our trustees and staff carefully consider the allocation and use of resources across teaching areas, support areas and communal areas to provide the best environment for teaching and learning. We apply the principles of best value when making decisions about:
- The allocation of resources to best promote the aims and values of the school.
- The targeting of resources to best improve standards and the quality of education provision.
- The use of resources to best support the various educational needs of all students.
The trust’s board represents a broad cross-section of the community. Our trustees include experienced educationalists, business people and community leaders, and they support and challenge the senior management team in equal measure to enable and facilitate the highest educational standards within our schools.
All multi academy trusts are required to publish audited accounts in accordance with Education Funding Agency (EFA) guidelines.
We place a premium on accountability and transparency. North West Academies Trust’s accounts are prepared each year by the CEO and independently audited by Mitchell Charlesworth.
All accounts are submitted to the EFA. A copy of the Trust’s most recent accounts can be viewed below.
We are fully compliant with the most recent version of the Academies Financial Handbook, the government’s financial guidelines for academies. A copy of the handbook can be viewed below.
Value for Money
As a small trust, obtaining value for money is essential to maximise the educational opportunities for each of our pupils.
Our trustees interpret value for money as ensuring the maximum return for the resource applied, whether it is financial resources expended or time spent by staff and management on a particular activity.
The trust compiles a Value for Money Statement each year, reflecting the work we have undertaken.
In line with the Academies Financial Handbook 2020, academy trusts must now publish on its website salary banding.
Benefits for this purpose include salary, other taxable benefits and termination payments, but not the trust’s own pension costs. In the case of employees who are trustees, their salary and other benefits will also be disclosed in £5k bandings in the trust’s financial statements, as set out in the model trustees’ remuneration note in the Academies Accounts Direction. The number of employees whose employee benefits (excluding pension costs) were in the following bands were:
|2020 Number||2019 Number|