Rent Income accounting and rate setting
Dear The Mercian Trust,
Shireoak Academy is part of the Mercian Trust. Shireoak Academy Rent out two properties which were once used to house onsite caretakers. For example one of the properties has the address 42St Marks Road.
Please can you provide the following public interest details regarding procedures used for setting and accounting for the rent.
1) Please detail how the rents are reported in the Mercian trust financial accounts?
2) How are the rents for these properties set? Is there an official procedure followed?
3) Are the rents independently reviewed by a third party or set internally?
4) How does the Mercian Trust ensure the income from the rents are set at a fair market rate?
5) Is the income from the rents on these properties used for the benefit of Shireoak Academy only?
Yours faithfully,
Mr Davis
Good afternoon
Please find a response to your FOI request attached.
Kind regards
James Fendek
James Fendek
IT Lead, Trust Data Protection Lead and Communications Officer
E: [email address] | W: http://themerciantrust.org
Registered Office | The Mercian Trust, Mercian House, Sutton Road, Walsall, WS1 2PG | Company No. 07611347 - Registered in England and Wales.
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