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Key Performance Indicators
As a trust, from Academy and Head Teacher level, through Regional Director, Executive and Board level, the trust looks at a number of performance indicators, including financial and educational, in relation to the outcomes for our students and pupils. These include, but are not limited to;
> Examination results and Progress
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> The improvement of our individual academies throughout the year.
> Ofsted results achieved.
> The management of the budget and performance against budget.
Modern slavery and human trafficking
As reported on the trust’s website, E-ACT recognises that it has a responsibility to take a vigorous approach to modern slavery and human trafficking. Our trust is committed to preventing slavery and human trafficking within its activities and to ensuring that our supply chains are free from this.
As part of our process for onboarding of new suppliers, and subject to turnover limits we request details of the organisations modern slavery policy for review. A retrospective check is also carried out on key suppliers at the end of the academic year.
E-ACT uses a number of frameworks for procurement, the due diligence in relation to slavery and human trafficking is part of the process of being recognised on such platforms.
Going concern
Going concern is assessed during the budget process and relevant budget approval. The trust has a number of key indicators to assist the assessment of being a going concern, these include;
> The level of unrestricted reserves held within the trust’s balance sheet.
> The coming year’s budget and known fiscal environment.
> Further risks facing the trust and the management of these risks.
> Pupil numbers across the trust.
> Careful management of the trust’s cash position.
The board of trustees has a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future and is monitoring the uncertain economic environment.
E-ACT continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies.
