Wakefield City Academies Trust 'financially solvent' as it ceases to run schools



A chain of academies which is handing control of all its schools to new providers has said it is "financially solvent" after publishing its latest accounts. Wakefield City Academies Trust (WCAT) faced criticism over financial management after a shock announcement last September that it would cease running 21 Yorkshire schools.
Claims have since been made that the organisation transferred millions of pounds from some of the individual academies to its own accounts.
The trust and Department for Education have been working to find new organisations to run the schools.
Accounts... read more

 
30 January 2018 in Yorkshire & Humber, Views: 19
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