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Possible 'bankruptcy' for Academy Trust.

Possible 'bankruptcy' for Academy Trust.

Education Funding Agency criticises financial management and governance at ATT 

 

An academy trust raised concerns that plans to transfer three of its primary schools to a new sponsor could bankrupt it, a government report has revealed.

The Education Funding Agency (EFA) reviewed the finances of the Academy Transformation Trust (ATT) last December, following allegations of financial mismanagement and breaches of the Academies Financial Handbook.

The EFA report, published today, reveals concerns about the impact of the loss of the three primaries that are due to be transfered to the Abelle Academy Trust, following an agreement with ATT. 

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