Agenda item

Report of the Chief Financial Officer.

Trustees are asked to note a non-public appendix at Agenda Item 14.

Trustees considered a report of the Chief Financial Officer outlining the School Condition Allocation 2019-20 and the following points were made:

·         Multi-Academy Trusts with at least five academies and more than 3000 pupils received an annual allocation of School Condition funding to support schools to maintain and improve their school estates and resolve building compliance, health and safety and energy efficiency issues.  School Condition Allocation funding enabled the Trust to plan future programmes of works and, as it was calculated on a per pupil basis, would increase as the Trust expanded. 

·         The City of London Academy Trust had been allocated a School Condition Allocation of £573,886 for 2019-20 with every academy being given the opportunity to bid for funds.  Bids totalling £482,500, including a 5% contingency, had been received from the City of London Highgate Hill, Newham Collegiate Sixth Form, Redriff Primary City of London Academy and the City of London Academy Southwark which the Committee was requested to approve.  It was proposed the remaining £91,386 of School Condition Allocation funding be retained until 31 August 2020 to fund any emergency works that might arise.

·         The remaining academies within the Trust had not submitted bids as Galleywall Primary City of London Academy school estate was newly refurbished, the City of London Academy Highbury Grove’s school estate was part of a Private Finance Initiative (PFI) and the City of London Academies Islington and Shoreditch Park were based in temporary accommodation.

RESOLVED, that:

·         The use of the 2019-20 School Condition Allocation funding to support projects totalling £482,500, including a 5% contingency be approved; and,

·         The remaining School Condition Allocation funding totalling £91,386 be retained until 31 August 2020 to fund any emergency works arising in Trust schools.