You must appoint certain roles
Your trust board must appoint a senior executive leader:
- In a single academy trust (SAT) this person will likely be referred to as the headteacher or principal
- In a multi-academy trust (MAT) they'll likely be referred to as executive headteacher or chief executive officer
This leader should also be appointed as your accounting officer. They’ll be personally responsible to parliament and to the Education and Skills Funding Agency's (ESFA) accounting officer, for the financial resources under the trust’s control. Read more about the role and responsibilities of an accounting officer.
Additionally, your board must appoint a chief financial officer (CFO). They'll be responsible for your trust’s detailed financial procedures, and they should play both a technical and leadership role.