The members are akin to the shareholders of a company. They have ultimate control over the academy trust, with the ability to appoint or remove trustees and the right to amend the trust’s Articles of Association.
Timu has a minimum of 5 members. Members can be considered as the custodians of the trust. However, they have a hands-off role in terms of managing the trust. They meet once a year.
Timu Academy Trust Board of Trustees
The trustees/directors are responsible for three core governance functions; setting the direction; holding the Executive Principal to account and ensuring financial probity.
The trustees are responsible for the trust. The board is made up of professional people from business and education sectors. Trustees have strategic oversight and ultimate responsibility for the strategic decisions within the trust and are accountable for the performance of the trust in terms of finance, standards, compliance and HR. The Trust Board reports to the members and feeds back to the LGB.
FINANCE AND AUDIT COMMITTEE
Timu Academy Trust Finance and Audit Committee
The dedicated committee’s remit is to advise the trust board on the adequacy of financial controls and risk management arrangements.
The Finance and Audit Committee scrutinises the management accounts, recommends budgets, advises the trustees on financial matters and holds the Chief Financial Officer to account. The Finance and Audit Committee reports to the trust board.
LOCAL GOVERNING BODY
Timu Local Governing Body (LGB)
A group of people made up of volunteers and professionals. They carry out monitoring at a local level and hold Heads of School to account for the implementation of the School Development Plan and pupil outcomes. The LGB produces reports that are shared with the trust board.
The LGB works across both Timu schools to provide support and challenge to the school leadership teams. Areas that the LGB monitor and report on are quality of education, behaviour and attitudes, personal development, leadership and mangement, the school plan, safeguarding and health and safety. A local governor also attends the Finance and Audit Committee and reports to the LGB. The LGB reports to the Trust Board.
Copies of the minutes are available on request to the clerk.