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Castle Trust

Castle Trust

Please select one of our schools below to learn more. 

Castle Trust responsibilities and authorities of members

Castle Trust responsibilities and authorities of members/directors and LGBs

Board and Committees

Governance Level

Membership

Meetings

Responsibilities/Authorities

Reporting

References

Members

 

 

 

Castle Trust Members

 

Chair of Directors

 

 

Annual

 

  • To appoint/remove sponsor directors
  • To sign off the financial statements and annual report
  • To change

 

N/A

 

 

 

 

N/A

 

 

 

Board of Directors

Up to 12 sponsor directors

Up to 5 chairs of LGB

Termly (6)

  • To ensure quality of education provision
  • To challenge and monitor performance
  • To manage finances and property
  • To manage the Principal/Heads/Heads of School
  • To exercise reasonable skill and care in carrying out their duties
  • To ensure compliance with charity and company law
  • To ensure operation in accordance with Funding Agreement

Reports to Members at AGM on progress for the year and to present financial statements and annual reports

Standing orders

Finance Committee

Up to 4 Directors

Termly (6)

  • To provide financial oversight

Reports to Board of Directors through approved Minutes

Terms of Reference

Audit Committee

Up to 4 Directors (not members of the Finance Committee)

Attendees: Academy Principals, Heads, Heads of School, Trust Finance Director, Academy Business Managers/Bursars

AGM

  • To provide oversight on internal controls

Reports to Board of Directors through approved Minutes

Terms of Reference

Academy LGBs - *model grows as Trust grows

Executive Principal *

Principal

Heads *

Heads of School

Up to 8 sponsor governors

2 staff governors

2 parent governors

Termly (6)

  • To support the vision of Castle Trust
  • To provide a monitoring role in connection with the Academy
  • To monitor and be accountable for budget setting and review
  • To govern admissions and exclusions
  • To monitor and be accountable for standards

Reports to Board of Directors through approved Minutes

Scheme of Delegation and Terms of Reference

Communication

Meeting

Communication

Provided by

Provided to

Board of Directors

Summary of meeting

Academy principal

Academy LGB

Finance Committee

Minutes of meeting

Finance Committee

Board of Directors

Audit Committee

Minutes of meeting

Audit Committee

Board of Directors

Academy LGB

Minutes of meeting

Academy LBG Chair

Board of Directors

Specific Roles

Role

Responsibilities

Reporting

Requirements

Accounting Officer

  • Appropriate oversight of financial transactions
  • Regular and propriety
  • Prudent and economical administration
  • Value for money through efficient, effective and economic use of resources
  • Preparation of the statement on governance in the annual report
  • Personally responsible to the Board of Directors and through it to the Secretary of State and Parliament
  • Reports to Members through annual report

 

Financial Director

  • To prepare the annual accounts
  • To prepare and monitor the budget
  • To provide technical advice
  • To liaise with auditors
  • Reports to the Board of Directors through written reports and meeting attendance

Finance Director/Business Manager or equivalent

Responsible Officer

  • To undertake a programme of works to address the risks, inform the statement of internal control and provide assurance to the external auditors
  • Reports to the Audit Committee through written reports and meeting attendance

Unpaid Non-employee Director with appropriate qualifications and/or experience OR internal auditors OR external auditors OR peer review