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Turner Schools Finance

Finance

As a charitable company, Turner Schools prepares and publishes its accounts each year. Our financial year matches the academic year, running from September through to August.

The majority of our funding comes direct from Government, based on the number of students in our schools; academies receive approximately the same per-pupil funding as local authority schools. We are grateful for donations and grants from supporters.

We follow the Department for Education’s Academies Financial Handbook to ensure that the public money we are entrusted with is spent as fairly and efficiently as possible, and to the maximum benefit of our students.

We also have regard to the Charity Commission’s guidance on good practice for charities.

Turner schools was founded in March 2016. The first set of accounts will be filed by January 2018

Funding Agreements

We operate our schools under funding agreements with the Secretary of State. These set out the basis on which we operate the schools, our responsibilities, and how funding will be provided.

As a multi-academy trust we have a master funding agreement that sets out the overall details and then a series of supplemental funding agreements. In some cases where we have taken on existing academies there may also be additional documents that vary the agreements with the previous academy sponsor.