MAST is committed to openness, transparency and strong financial stewardship.

As an academy trust, we are responsible for ensuring that public funds are used effectively, responsibly and in the best interests of the children and communities we serve.

We maintain robust systems of financial planning, oversight and assurance across the Trust, supported by our central finance team, Trustees and external scrutiny.

Annual Report and Financial Statements

Each year, MAST publishes its Annual Report and Financial Statements.

These provide a detailed account of:

• the Trust’s financial position;
• how public funding has been used;
• income and expenditure;
• reserves and assets;
• governance arrangements;
• audit findings;
• risk and internal control; and
• other key financial information for the reporting year.

Our latest published financial statements are available below.

Financial Transparency

We believe that stakeholders should be able to understand clearly how Trust resources are managed.

Alongside our annual accounts, we publish the financial information required of academy trusts, including relevant disclosures relating to senior staff pay and other statutory financial reporting.

Where required, we also publish information explaining how funding is allocated across the Trust and how central services are funded.

Financial Governance

Financial oversight forms an important part of MAST governance.

Trustees retain overall responsibility for the financial stewardship of the Trust and are supported by appropriate committees, internal scrutiny, external audit and the work of the central finance team.

Our financial arrangements are designed to ensure:

• effective use of public money;
• appropriate financial controls;
• clear accountability;
• accurate and timely reporting;
• strong risk management; and
• long-term financial sustainability.

Value for Money

Working as a Trust allows us to use resources strategically across our schools.

Through shared services, Trust-wide procurement and collective planning, we seek to reduce duplication, secure better value and ensure that as much resource as possible remains focused on improving education for pupils.

Financial decisions are considered alongside educational priorities so that resources are directed where they can have the greatest impact.

Published Financial Information

The documents and information below provide access to MAST’s current and historic financial publications.

These may include:

• Annual Reports and Financial Statements;
• executive pay disclosures;
• financial transparency information;
• Trust funding arrangements;
• gender pay gap information, where applicable; and
• other statutory financial publications.

If you require further information about the Trust’s financial arrangements, please contact the MAST Central Team.