Future Schools Trust is a Company Limited by Guarantee formed under the Companies Act 2006. It is formed by the signatories (Members) of the Memorandum of Association.
The Board of Directors has responsibilities under Charity Law as Trustees and under Company Law as Directors, as well as the responsibilities of governors of a school. The actions of Directors are also governed by the Master Funding Agreement between the Trust and the DfE and by the Articles of Association. In addition, there is a Supplemental Funding Agreement for each academy within the Trust.
Subject to the provisions of the Companies Act 2006, the Articles and to any directions given by special resolution of the Members, the business of the Company shall be managed by the Directors who may exercise all the powers of the Company. The Directors (collectively, the Governing Body/Board) will appoint separate committees for each Academy, to be known as Local Advisory Committees. The constitution, membership and proceedings of the Local Advisory Committees will include one member of the Directors as Chair and the functions and proceedings of the Local Advisory Committees will be subject to regulations made or approved by the Directors from time to time.