www.turinghouseschool.org.uk/questions2.php

Turing House

Questions about governance and financing:

Back to main questions page....

How is the school governed?

See our Governance page for full details.

What is a Free School?  

Free Schools are the only way to create new community schools under current education policy. See here for more information.

Do Free Schools get more funding than other schools?

Although there is some additional start-up funding to cover initial set-up costs (as there is for any new school), on an ongoing basis Free Schools are funded in the same way as other maintained schools, with their funds coming directly from central government.

The formula used to calculate their revenue varies between Local Authorities to ensure that they receive the same funding as other local schools.  This funding is known as the Local Authority Central Spend Equivalent Grant (LACSEG).

Unlike community and foundation schools, Free Schools and Academies control their own budget and have freedom to decide whether to buy services from the Local Authority, another authority or from another organisation. They may do this separately or in a group with other schools.

Who is the school’s educational provider and what is their track record?

The school's education provider is the Russell Education Trust (RET). Please follow the link for further information about RET.

Are RET Planning to establish many free schools?

RET intends to remain relatively small. It currently sponsors five secondary Free Schools and aims for a maximum of six secondaries and two primaries.

Does RET make a profit from its schools?

No – RET is a non-profit charitable trust just like any other academy sponsor. It has exactly the same "exempt charity" status, and the same level of funding, as the academy trusts that are responsible for running our other local community secondaries, including Waldegrave, Orleans Park, Teddington, etc.  Like other charity trustees, academy trustees do not receive a salary for their trustee role. 

How much of the school’s money will be going to RET?

100% of the school's money will go to the Russell Education Trust, which then uses it to run the school, in accordance with the Funding Agreement that it will sign with the DfE.  The money is not used for any other purpose.  Again, this is exactly the same set up as our other local academies.  (e.g. Waldegrave and Teddington's funding is paid to the Richmond West Schools Trust, which then uses it to run the schools). 

RET uses approximately 5% of the money for high level management functions such as HR, financial management, procurement etc.  (The comparative figure for the average Local Authority school is approx 11%).

What happens if RET goes into administration?

It can't!  It is a non-profit charitable trust, which receives its school funding directly from the Government, in accordance with its Funding Agreement

Turing House Badge

Login