This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Back

Blog

| less than a minute read

Academy trust spending - the importance of good governance

The investigation report regarding The Dunham Trust issued by the ESFA is important reading for all involved in running and scrutinising the operation of academy trusts.

Ensuring that everybody in the trust understands their role; those roles align with what is expected of the sector; there are effective procedures for authorising and scrutinising spending decisions; and that those procedures are followed are vital components for good governance and financial control.

The full report can be found at the link below:

https://www.gov.uk/government/publications/investigation-report-dunham-trust


The investigation report, published today, revealed that the trust made multiple breaches of the academies financial handbook through a lack of oversight of financial operations, misuse of public funds and internal control weaknesses.

To make sure you receive all of our latest insights, subscribe here.

Tags

public procurement, academies, academy trusts, education, corporate governance