The Learning Link Multi Academy Trust which runs four primary schools in Dudley has been served with a Financial Notice to Improve, Schools Week reports.
The warning means the trust, which has a cumulative deficit, will face closure unless it meets with the requirements laid down in the FNtI.
The trust was unable to submit its annual accounts to the Education and Skills Funding Agency by the 31 December deadline. ESFA was concerned the trust wasn’t able to ‘clearly and accurately identify’ the trust’s members and trustees. This would suggest ‘a lack of proper financial oversight and controls,’ ESFA wrote. Surely this is an understatement if the trust couldn't name those who are supposed to be running it.
On 12 September 2019, the trust moved its registered office in Dudley to Cirencester nearly 70 miles away.
According to Companies House, the auditor resigned on 28 October 2019. The trustees had accused the auditor of having a conflict of interest which implied they did not consider the auditors to be independent. The auditors did not agree but the trustees’ opinion made it impossible for them to continue. Companies House does not name a new auditor.