An 'academy trust'
- An academy trust is a charitable company limited by guarantee, and an independent legal entity
- Its governance requirements are set out in its own articles of association, which could have been adapted from the DfE's models
- All academy trusts are made up of at least 2 layers of governance: members and trustees/directors
- Multi-academy trusts (MATs) often have a 3rd layer: local governing bodies (LGBs)
- Governance structures in church academies should reflect the diocesan strategy (check with your diocese for details)
Members
- Sit above the board of trustees and have a largely hands-off role, similar to a company's shareholders
- Have some specific responsibilities. They can:
- Appoint the trustees
- Amend the articles of association
- Appoint the trust’s external auditors
- Members of trusts that include church academies must also ensure that the religious character of the church academy is preserved and developed
Are both charity trustees and company directors of the academy trust (both terms are commonly used) Make sure the trust complies with charity and company law, and