Departing academy CEO received nearly £200,000 in pensions payments – or did he? UPDATE: no he didn't!
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Very high pensions contributions listed in 2022-23 accounts - only to be changed in following year's financial statements. It has now been confirmed that the figure published in the 2022-23 accounts was wrong.
A small academy trust paid its chief executive nearly £200,000 in pensions payments in 2022-23, its annual accounts for that year stated – only for this then to be revised down to £5,000 or less in the next year’s set of accounts.
In a revelation which sheds light either on the extraordinary generosity that academy budgeting can show towards those in charge, or on the occasional unreliability of trust accounting, this striking inconsistency was revealed in the financial statements of a two-school trust in Kent.
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By Warwick Mansell for EDUCATION UNCOVERED
Published: 12 March 2025
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