A school has had a notice to improve lifted after addressing weaknesses in its financial management.
Sawtry Village Academy had its “Financial Notice to Improve” lifted by the Education Funding Agency (EFA).
The College’s financial team, leadership team and the local governing body established a detailed action plan to address the issues highlighted in the EFA notice when it was introduced in July 2014. The final elements of this plan were delivered as the academy transferred to the sponsorship of the Cambridge Meridian Academies Trust (CMAT).
Mark Woods, Executive Principal of CMAT, said: “We are pleased that the hard work of the Local Governing Body, the Sawtry Village Academy finance staff and our Trust Finance team, and the new Principal in rectifying all of the issues highlighted by the EFA has been accepted. “This is another step to a bright new future for the Academy as part of the Trust. The Academy will benefit at all levels from being part of an experienced, supportive organisation. After a suitable period of rigorous monitoring, the EFA has recognised the quality and skills both within the new Local Governing Body and our existing Trust Executive Committees that hold us accountable.”
David Ruddy, Vice Chairman of CMAT and Chair of Governors at Sawtry Village Academy, added: “Having previously been a Chair of Governors at Swavesey Village College, I am very familiar with the absolute significance of maintaining a tight governance structure, particularly with regard to the finances of an academy.
“Sawtry Village Academy’s systems now mirror those across all of our Trust academies and are monitored closely by our Executive Finance Mrs Wilson led the interim leadership team that took over the College, formerly known as Sawtry Community College, after it was placed in special measures and the subsequent resignation of former Principal James Stewart – also in July 2014. The College officially joined CMAT in April 2015, becoming Sawtry Village Academy. Mrs Wilson was appointed by the Trust as the Academy’s permanent Principal in June. An HMI report last year reported that Mrs Wilson had quickly “galvanised staff and created a cohesive and effective senior leadership team.”
Mrs Wilson added: “We are really pleased to see that this notice has been lifted. There remains work to be done, but this, along with the positive HMI report we received last year, shows we are taking the right steps.”