Future proofing academy school finances

The financial stability of academy trusts is under pressure as covid-19 pressures affect the sector, but stronger multi academy trusts demonstrate the strength of larger structures. Pam Tuckett, audit partner and head of education at Bishop Fleming explains

The pandemic has created many challenges for the academy sector, with reference to governance, budgets, and IT, as evidenced in the Kreston Academies Benchmark Report 2021.

The last year has demonstrated the decision-making strengths inherent in multi academy trusts (MATs) when it comes to flexibility and speed in managing continual changes in guidance, with the strongest trusts showing remarkable agility in coping with changing demands.

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