Model Master Funding Agreement
Model Master Funding Agreement

Added April 2016 Version of the “Mainstream Academy and Free School Model Funding Agreement: Unique Academy Trusts” document. Type funding agreements for schools or groups creating a new multi-academy trust and individual or multi-academie trusts for the creation of new academies and free schools. Each academy will need an SFA next to the AMF, and these agreements should be read in relation. The DfE has approved revised versions of the Master Funding Agreement (AMF), the Single Supplemental Funding Agreement (SSFA) and the Supplemental Funding Agreement (SFA), meaning that all academies that open their doors on April 1, 2018 or later must use the new model agreements. If you are a school in the process of transforming into a mainstream academy with a single academy trust, you can also conclude the online funding agreement. The funding agreement is the framework for your school or school. Type funding agreements are published on the Ministry of Education`s (DfE) Funding Agreements by type The AMF is concluded between the Secretary of State for Education (SoS) and the Multi Academy Trust (MAT) and is the framework in which LA MAT agrees to work in exchange for funding. The AMF looks at issues such as authorizations, exclusions and reporting obligations. A clause on coastal school education has been added to the Special Academy and Free School Model Funding Agreement: Single Academy Trusts and “Alternative provision academy and free school model funding agreement: single academy trusts` documents.” You will find other guides on transforming into an academy and opening a free school. High schools wishing to convert to an academy should use standard choice documents. Use the model supplementary funding agreement if you are one: you must complete a memorandum and status with your funding agreement. Established Academy trusts considering updating their current funding agreement to the latest model should contact us via the DEFA online application form. If you form a multi-academy trust fund, you use the master financing contract for the Trust as a whole.

Each of the Foundation`s schools will then use the corresponding supplementary funding agreement. We provided the funding agreement in Word and ODT format. The Master Funding Agreement is the contract between the Minister of Education under Section 2, the Academies Act 2010 and the Multi Academy Trust. The funding agreement defines how the trust of the Academy and schools should be managed within the framework of the Academy`s trust.