The Truro and Penwith Academy Trust (TPAT) was
established as a company limited by guarantee and an exempt charity by Truro and Penwith College in February 2014. It is a multi-academy trust, responsible for multiple academies.
As exempt charities, multi-academy trusts do not need
to register with the Charity Commission but they are instead regulated by the Education Funding Agency (EFA).
The Company is owned by five founding members: the Chair of the Governing Body of the College, the Principal of
the College, the Head of Finance of the College, the College (as a corporate member) and the Chair of the Board of Directors
of the Academy Trust.
Although the Members have ultimate oversight, the Company is run by a Board of
Directors. The composition of the Board includes at least seven Directors appointed by Truro and Penwith College, the Chief Executive of the Academy Trust and up to two Local Governing Body Directors.
The Memorandum and Articles of Association govern what the Academy Trust, the Members and the Directors can do and has been agreed with the Secretary of State for Education and registered at Companies House.
The Board of Directors has established two
sub-committees to oversee key functions: the Finance, Employment & Audit Committee and the Curriculum & Standards Committee. The Board has also delegated responsibility for much of the day-to-day operations to the Local Governing Body (LGB) of each school. The responsibilities and functions delegated to the LBG are set out in detail in a Scheme of Delegated Authority (SoDA).
A chart summarising the governance structure of the Truro and Penwith Academy Trust is shown here.