Financial & Annual Report

Annual Reports & Financial Statements (Company Accounts) 

Academy Trusts are independent charitable companies and are required to prepare an annual report and financial statements to the 31st August each year. The academy financial year mirrors the academic year (i.e. from 1st September to 31st August).

After the financial year end, these accounts are audited by independent registered auditors. They are also discussed and agreed annually at the academy's Annual General Meeting (AGM) which is open to the public and normally held in December each year. The date, time, location and agenda for the AGM is advertised in advance on this website.

Advantage Multi Academy Trust

Notice of: Annual General Meeting

Notice is hereby given that the Annual General Meeting of Advantage Multi Academy Trust will be held via Zoom

Date of meeting: Thursday, 16th December 2020

Time of meeting:  4:00 p.m.

Venue: Zoom (To attend the meeting, you must register at least 48 hours in advance by providing your name, email address, phone number and connection with the academy in the 'Contact Us' tab of this website selecting 'Annual General Meeting')

Annual Accounts

Annual Report

Proposed resolutions (please notify Bernadette Moir, Company Secretary if you wish to propose a resolution by email clerk@admat.org or by letter to The Clerk (AGM MATTERS), Berkeley Academy, Cranford Lane, Heston TW5 9HQ by 12 noon on Wednesday, 9th December 2020

Members are entitled to appoint a proxy

Agenda

1. Minutes of previous meeting

2. Reports and accounts

Annual Accounts & Annual Report

3. Auditors

To appoint auditors

4. Auditors’ remuneration

Confirmation of auditors’ fees.

5. Appointment of Charity trustees

Appointment, confirming appointments in the year and nominations (Details in the Annual Report).

6. Members proposed resolutions

Details will be given once proposed resolutions are received. Proposed resolutions should be sent to the Secretary by noon (14 days prior to the date of meeting). A revised agenda will be issued by (7 days prior to the meeting).

The annual report and accounts are submitted to the Education and Skills Funding Agency (ESFA), normally in the following December/January, and filed with Companies House.

From 2020 onwards, the annual reports and financial statements for the previous two financial years (September - August) will always be available on this web page. The webpage will be updated once the accounts have been agreed at the AGM and submitted to the ESFA and Companies House (normally in January therefore):

Annual Report and Financial Statements

2017-18

2018-19

The accounts submitted are endorsed by the Chair of the Academy Trust, the academy's Accounting Officer and the academy's independent, external auditors.

Register of Interests Declared by Trustees

Please click here to view a Summary of the Register of Interests declared by Trustees of the Academy.

Academies Financial Handbook (AFH) and Advantage Multi Academy Trust's Local Financial Procedures & Guidance (LFPG).

The Academies Financial Handbook (AFH) is updated and published annually by the Education and Skills Funding Agency (ESFA), normally late in the summer term each year. The AFH is designed to help Academy Trusts to understand and comply with public standards of financial accountability. The AFH sets out the financial management, control and reporting requirements which apply to Academy Trusts.

The annually updated AFH takes effect from 1st September each year and is posted on the website on or before that date. The updated version is reviewed and ratified by the Academy Trust along with Advantage Multi Academy Trust's Local Financial Procedures and Guidance (LFPG), normally in September / October.

Together, the AFH and the LFPG ensure that there is an adequate framework of monitoring, controls, procedures and policies:

  • To ensure excellent financial management and sensible investment,
  • To  deter and prevent fraud, 
  • To demonstrate probity,
  • To encourage good value for money, and
  • To achieve Advantage Multi Academy Trust's local vision, objects, aims, and ambitions.

Advantage Multi Academy Trust's local financial procedures and guidance (LFPG) determines the practical detail necessary to complement the strategic and broad content set out in the Academies Financial Handbook and to achieve the academy's local vision and objects.

Click here for the AFH 2019.

The current AFH should be read in conjunction with Advantage Multi Academy Trust's LFPG

The Academy Trust maintains other strategic documentation in the Trustee's Secure Area of this website such as the academy's:

  • Company Registration Certificates,
  • Funding Agreement,
  • Articles of Association,
  • Memorandum of Understanding,
  • Scheme of Delegation
  • Risk Register,
  • Critical Incident, Contingency and Recovery Plan
  • Audit reports,
  • Annual Skills Audit Summary (including Financial Competencies Survey) for the ATB,   
  • Annual DBS & Disqualification Declaration Summary
  • Governance Arrangements and Election Procedures
  • Trustee Conduct Protocol, etc.

Whistleblowing Policy

General Principles: Whistleblowing encourages and enables employees to raise any serious concerns within the academy rather than overlooking a problem or ‘blowing the whistle’ outside.

A full copy of the current policy is posted in the staff secure area of the academy's website, along with the full range of HR policies and procedures and other important employee information.
 

The purposes of the academy's Whistleblowing Policy are:

  • To encourage colleagues to raise serious concerns within the academy so that they can be addressed and remedied internally.
  • To provide colleagues with a clear and safe route for reporting genuine, serious concerns.
  • To gather information about concerns and, once evaluated and/or investigated, to determine whether further action needs to be taken.

Where it is decided that further action is necessary, this will be conducted under the appropriate HR policy.

It is the duty of all colleagues to raise any serious concerns about known, or probable wrongdoing through this policy. Colleagues who reasonably raise a genuine concern without malice will not be at risk of losing their job or suffering any form of retribution as a result.

If colleagues make malicious or deliberately disproportionate allegations or use the policy for harassment of other colleagues or for personal gain, action may be considered under the disciplinary policy.

Complaints relating to an individual’s personal circumstances should not be raised under the whistleblowing policy. Where colleagues are aggrieved about issues directly affecting them, they should use the academy's Grievance Procedure to pursue their concerns which can also be found, along with all HR policies, in the staff secure area of the academy's website. 

If an employee has a genuine concern about suspected serious wrongdoing at work, they should report it, and may do so under this Policy.  ‘Wrongdoing’ covers a wide range of matters including: criminal offences, failure to comply with legal obligations, miscarriages of justice, financial maladministration, endangering the health or safety of individuals and damage to the environment. It additionally covers the deliberate concealment of any of the foregoing.

The Academy Trust maintains other strategic documentation in the Trustee's Secure Area of this website such as the academy's:

  • Company Registration Certificates,
  • Funding Agreement,
  • Articles of Association,
  • Memorandum of Understanding,
  • Scheme of Delegation
  • Risk Register,
  • Critical Incident, Contingency and Recovery Plan
  • Audit reports,
  • Annual Skills Audit Summary (including Financial Competencies Survey) for the ATB,   
  • Annual DBS & Disqualification Declaration Summary
  • Governance Arrangements and Election Procedures
  • Trustee Conduct Protocol, etc.

Risk Register (Current)

  • The risk register is found here

Conflicts of Interest Policy

  • The Conflicts of Interest Policy may be found here

Charging & Remissions Policy

  • The Charging & Remissions Policy may be found here

Scheme of Delegation

  • The scheme of delegation may be found here

Audit Committee Terms of Reference 2019 2020

  • The Audit Committee terms of reference may be found here

Finance Committee Terms of Reference 2019 2020

  • The Finance Committee terms of reference may be found here
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