Academy accounts and performance

Public Accounts Committee report

There has been a succession of high-profile academy failures that have been costly to the taxpayer and damaging to children’s education. Some academy trusts have misused public money through related-party transactions and paying excessive salaries. At Durand Academy Trust and Bright Tribe Trust, there were serious failures of governance and oversight. This cannot be allowed to happen again – governance at academy trusts needs to be stronger and the Department for Education’s (the Department’s) oversight and intervention needs to be more rigorous. The Education and Skills Funding Agency (the ESFA) is taking steps to control executive pay and related party transactions, but these actions are as yet unproven and in isolation will not prevent abuse. We expect to return to these issues in future.

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