Loan to Thinking Schools Academy Trust re Goodwin Academy

J Downs made this Freedom of Information request to Department for Education

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Dear Department for Education,

According to accounts for the collapsed academy trust SchoolsCompany (year ending 31 August 2018), the Thinking Schools Academy Trust (TSAT) agreed to repay £2.6m of SCT’s £5.7m debt when Goodwin Academy, Kent, was transferred to TSAT.

But TSAT’s most recent accounts (year ending 31 August 2019) say ‘ESFA Recoverable Funding Debt taken on when Goodwin Academy (GWA) joined the Trust’ is £1m not £2.6m.

I should be grateful if you could let me know how much of SCT's outstanding debt was transferred to TSAT as there is a discrepancy between the two accounts. I should also be grateful if you would let me know how much, if any, of SCT's outstanding debt will be written off.

Yours faithfully,

J Downs

MINISTERS, Department for Education

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Dear J Downs

Please see the attached letter regarding your Freedom of Information
request. 

Kind regards

Education and Skills Funding Agency

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ACCOUNT, Unmonitored, Department for Education

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Dear J Downs 

 

Please see the attached response to your Freedom of Information request.

Kind regards

Education and Skills Funding Agency

Web: [1]https://www.education.gov.uk
Twitter: [2]https://www.twitter.com/educationgovuk
Facebook: [3]https://www.facebook.com/educationgovuk

 

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