The Futures Trust
‘Parkgate Primary School is a member of The Futures Trust, a Multi Academy Trust, a limited company and a charitable company registered in England and Wales.
The Trust’s company number is 8678162. Parkgate Primary School and The Futures Trust is authorized by The Secretary of State for Education and regulated by The Department of Education. The company is bound by the provisions of its Funding Agreement and the Education (Independent School Standards) (England) Regulations 2010.
The MAT is one legal entity, a charitable company limited by guarantee.
There are three levels of Governance:
1. Members, who agree articles which define the charitable purpose and how the MAT will run, appoint Trustees and remove if necessary, sign off company accounts and annual report and hold the Board of Trustees to account.
2. A Board of Trustees (Directors) who have ultimate responsibility for running each academy and will deal with the strategic running of the MAT. The Board delegates day-to-day running of each academy to a Local Governing Body (LGB). The level of delegation can be different for each academy. Accountability always remains with the Board of Trustees.
3. A Local Governing Body who have powers delegated by the Board of Trustees to oversee the day to day running of each academy.
Annual funding is allocated to each academy on an individual basis. The MAT is a single employer, sharing procurement and resources across the group.
In order to set up The Futures Trust, a number of legal documents are put in place between the Trustees and The Secretary of State for Education.
A copy of the school’s Supplementary Funding Agreement can be found below.
The Trust’s Registered Office is:
President Kennedy School
Tel: 024 7666 1416
For more information about
'The Future's Trust'
please click on the link below:
Frequently Asked Questions
What is an academy?
Academies are state schools, free from local authority control, directly funded by the Department of Education. Academies have greater freedoms to determine how the school’s funding is utilized to optimize the educational outcomes for its students and are able to direct their own operational procedures such as the taught curriculum and the hours of the school day.
Who runs an academy?
The academy is run by an ‘Academy Trust’ who oversees a governing body. The Academy Trust is a legal body which operates a charitable organization and a company limited by guarantee. The Trust has a formal agreement with the Department of Education to provide educational services to its students.
How is an academy funded?
Academies are funded directly by the Education Funding Agency (part of the Department of Education). This means that academies receive 100% of their grant (rather than a proportion of these funds being diverted to the local authority) and are free to choose how to spend it, as long as it is spent on improving the education of its students.
Will Parkgate School continue to admit students with Special Educational Needs (SEN)?
Yes. Parkgate School has a strong inclusion ethos, a very successful Overcoming Barriers to Learning team and an excellent track record ensuring its SEN children achieve their potential. The local authority retains the responsibility for children with statements of special educational needs and monitoring arrangements for SEN children in academies.
What will the relationship be with the Local Authority?
Parkgate School has an excellent long standing working relationship with the local authority. The governors expect this relationship to continue. It is likely the school will continue to purchase services offered by the local authority in the future.
Who deals with complaints about schools that have converted to academy status?
Parents or carers who have a complaint about their son or daughter’s academy school would need to contact the school directly. Parkgate School has a well established complaints procedure and we would expect this procedure to continue if the school becomes an academy.
How can you find out more about academies?
The Department of Education website is a very good source of information relating to academies. www.education.gov.uk/academies