The Funding Agreement is the contract between the Secretary of State for Education and the academy that sets out the terms on which the academy is funded.
Please click here to download the master funding agreement for all Heath academies.
The Funding Agreement specifies how the academy is run, its duties and the powers the Secretary of State has over the academy. The Funding Agreement is the method by which academies are held accountable to the Department for Education (DfE). In places the Funding Agreement makes specific references to existing legislation to ensure that academies operate in a similar fashion to other state-funded schools and that there is parity between academies and other state schools. Funding Agreements are not static and may be updated as the law and policy relating to academies changes.
Each academy has a supplemental agreement between the sponsor (The Heath Family NW) and the Secretary of State for Education. Please click here below to to find the supplemental agreement particular Halsnead.
All the Trust's Annual Reports and Financial Accounts information can also be found by clicking here.