As a charitable company limited by guarantee, SEAX Trust’s governance is undertaken in the same way as any other registered company.
There are three layers of governance, as set out below:
The Trust Members (total of 5) are the original subscribers to the Trust’s Memorandum of Association.
They are financially responsible for the Trust.
They have an overview of the governance arrangement of the Trust but are not involved in its day to day management.
They have a reserved number of powers designed to support stronger governance arrangements, such as being able to change the constitutional documents ie. the Articles of Association, and to appoint or remove Directors and approve annual audited accounts.
The Trustees are responsible for the management and administration of the Trust in line with the Articles of Association and Scheme of Delegation.
They make decisions about the day to day running of the Trust, directing its affairs, ensuring that it is solvent, well-run and delivering its charitable outcomes for the benefit of the public.
The Board of Trustees has to answer to three different branches of Law; Company Law, Charity Law and Education Law.
In Company Law, those on the Board are known as 'Directors of the Trust'. In Charity Law they are known as 'Trustees'. The terminology is interchangeable as the role, duties and responsibilities are essentially the same. SEAX Trust has chosen the term 'Trustees', and the Board of Trustees is responsible for all the academies within the Trust.
To facilitate governance and provide detailed focus, the Board of Trustees has established two committees to which it has delegated some governance functions.
The Standards & Curriculum Committee - focussed on the quality of provision and pupil outcomes.
The Resource and Audit Committee – focussed on business, finance and HR.
In each academy, the Trustees have established a Local Academy Committee with its own range of duties, powers, responsibilities and tasks to perform and these responsibilities are defined in the Scheme of Delegation. Those serving on a Local Academy Committee are referred to as 'Governors'.
The structure, remit and reporting mechanisms of the Board of Trustees and Committees are outlined in the Trust’s Constitution and Terms of Reference document which is kept under regular review to ensure that the Trust remains efficient and effective in its proceedings.
SEAX Trust has children and young people with special educational needs at the heart of its decision making and all that it does. The Trust provides a strong leadership and governance framework to both challenge and support all of its academies.
The academies within SEAX Trust receive their base funding from the DfE’s Education Funding Agency (EFA) and the SEN Top-Up funding from the Local Authority. To qualify for this funding the Trust must ensure it meets the requirements of the MAT Master Funding Agreement and each individual academy’s Supplemental Funding Agreement.
The Board of Trustees is responsible for ensuring that the Trust’s funds are used only in accordance with the Law, its Articles of Association, its Funding Agreement and the Academies' Financial Handbook. It must ensure proper stewardship of its funds, including regularity and propriety, as well as ensuring economy, efficiency and effectiveness in their use – the three key elements of value for money.