None of the schools affected by the collapse of Wakefield City Academies Trust (WCAT) will see their funds returned to them.
Wakefield MP Mary Creagh was informed by Regional Schools Commissioner, Vicky Beer, that following the closure of WCAT, there were no funds left to distribute to the 21 schools which were in the Trust.
Mary Creagh had campaigned for all the money transferred out of the schools’ funds to be returned. Financial accounts for WCAT show that on 28 February this year WCAT had £1,151,000 in the bank.
In a response to questions from Mary Creagh, the Department for Education revealed that it had paid accountancy firm Deloitte more than £200,000 to wind up the trust.
The BBC’s Inside Out programme heard allegations that Chief Executive Mike Ramsay’s computer company made over £840,000 supplying software to the Trust while he was in charge. Former staff told the BBC that he spent £1,500 on a kennel for his dogs at the Trust’s HQ.
“Money that was meant to be spent for some of the poorest pupils in our city has been misspent on dodgy deals, but no one has been held accountable for its failure.
“The collapse of WCAT left students, parents and teachers in chaos. Now we find that they lost millions of pounds in reserves.
“I am furious that there has been no justice for Wakefield students who have paid the price of the Government’s failed academy experiment.”