You may recall from my October newsletter that the school governing body were considering a proposal to join a multi academy trust made up of schools within the Minster Family. The government has now put a new funding formula out to consultation, and at a meeting last week the family of schools discussed the effect of this on potential future plans. Below I have reproduced a joint family statement which the family of schools have agreed to send to parents and carers.
Joint statement from Minster Family Schools
As many of you may be aware, the Government has recently released proposed National Funding Formula Changes, which affect the amounts of money each school receives. Under the new proposals some schools will find their budgets have increased, and of course some budgets will have been cut. Unfortunately, under these proposals all seven of the Minster Family Schools who were considering joining the Minster Multi-Academy Trust will face significant budgetary cuts (between 1.8% and 2.9% of their total budget, equating to more than £250,000 collectively). With this in mind, it was agreed at a meeting of Headteachers last week, that the investigations into the formation of the Multi-Academy Trust will be postponed until we have a clearer picture of how these cuts will affect the financial position of each school. Obviously the schools are disappointed with this turn of events, but are actively seeking ways to ensure we continue to work together in a collaborative way until we are in a position to once more consider the academy process.
This is a concerning situation for our schools and we as Headteachers are committed to finding the best ways to make the necessary savings together to support local education, albeit there will be detrimental impact should the proposed national funding formula be implemented.