Stramongate School Related Parties

Owing to the nature of the Academy Trust and composition of its Board of Trustees being drawn from local public and private sector organisations, transactions may take place with organisations in which Trustees have an interest.

The following groups or entities have been identified as related parties of Stramongate School.

All transactions involving such organisations are conducted in accordance with the requirements of the Academy Trust Handbook, including notifying the ESFA of all transactions made on or after 1 April 2019 and obtaining their approval where required, and with the academy trust’s financial regulations and normal procurement procedures relating to connected and related party transactions.

Stramongate Nursery 

The Headteacher and one trustee of the Academy act as two out of three Trustees of Stramongate Nursery, a Charitable Incorporated Organisation. Due to this the nursery is a subsidiary of the Academy as by virtue of having over half of the board of the CIO, the academy has the power to exercise control over it.

Section 404 Companies Act 2006 requires group accounts to include a consolidated balance sheet and consolidated profit and loss account. Stramongate school has a subsidiary, Stramongate Nursery, which has been excluded from these accounts under section 405 Companies Act 2006 on the grounds that its inclusion is not material for the purpose of giving a true and fair view.

Stramongate Nursery leases premises from the Academy Trust in return for a monthly lease rental payment and a share of nursery profits. The Academy trust also provides meals and other supplies and services to Stramongate Nursery. 

Friends of Stramongate School

The Headteacher acts as a trustee of Friends of Stramongate School, a registered charity comprising of parents and teachers. The charity makes donations to the school for the purposes of supporting school trips and purchasing additional resources.