Financial & Statutory information

The Trust is a company registered as The Gosforth Federated Academies Limited, trading as the Gosforth Group. Our company registration number is 07431423. Our registered office is Gosforth Academy, Knightsbridge, Great North Road, Newcastle upon Tyne, NE3 2JH.

On this page you can view key documents that outline how the Trust is run, how our schools are funded, and see key statutory reports.

Governing documents

Annual Report and Accounts

Our financial year runs from 1 September to 31 August. Our annual report and accounts for the last three financial years are published for your information.

Funding Agreements

Gender Pay Reports

Gender Pay reporting legislation requires employers with 250 or more employees to report on and publish specific information about the pay of their male and female employees. This information is set out below for the last three reporting periods.

Employee Pay Over £100,000

In accordance with the Academy Trust Handbook, the Trust must publish the number of employees whose benefits exceeded £100,000, in £10,000 bandings, for the previous financial year.

Benefits for this purpose include salary, employer’s pension contributions, other taxable benefits and termination payments.

For the period 1 September 2024 to 31 August 2025, the number of employees whose benefits exceeded £100k was as follows:

£100,001 to £110,000: 5
£110,001 to £120,000: 1
£120,001 to £130,000: 1
£130,001 to £140,000: 0
£140,001 to £150,000: 0
£150,001 to £160,000: 0
£160,001 to £170,000: 1

Payment practice reporting

In accordance with reporting requirements, the Trust must publish its payment practice reports which set out our payment policies, practices and performance over six-month periods.

Reporting period: 1 March 2025 to 31 August 2025

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

within 30 days: 87%
in 31 to 60 days: 13%
in 61 days or more: 1%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

Immediate

Longest standard payment period

30 days

Standard payment terms

30 days from the invoice date, unless alternative terms are agreed

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

Any other information about payment terms

Payments may be made earlier than standard 30-day terms as payments are processed as soon as all appropriate internal authorisations are received.

Dispute resolution process

Any disputes relating to payments should be directed to the Finance Team via finance@gosforthgroup.org.uk or by telephone 0191 285 1000

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

Does this business offer supply chain finance?

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

Signed on behalf of the Board of Trustees by Chris Nicholson, 29 September 2025

Reporting period: 1 September 2024 to 28 February 2025

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

within 30 days: 27%
in 31 to 60 days: 41%
in 61 days or more: 32%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

Answer not provided

Standard payment terms

30 days from the invoice date, unless alternative terms are agreed

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any disputes relating to payments should be directed to the Finance Team via finance@gosforthgroup.org.uk or by telephone 0191 285 1000

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

Signed on behalf of the Board of Trustees by Chris Nicholson, 25 March 2025

Trade Union Facility Time

Public sector employers with more than 49 full-time equivalent employees are required to publish information every year about their usage and spend on trade union facility time. This information is set out below.

Reporting period: 1 April 2024 to 31 March 2025

Employees in our organisation: 50 to 1,500

Trade union representatives and full-time equivalents (FTE):

Trade union representatives: 8
FTE trade union representatives: 7.6

Percentage of working hours spent on facility time:

0% of working hours: 1 representative
1 to 50% of working hours: 7 representatives
51 to 99% of working hours: 0 representatives
100% of working hours: 0 representatives

Total pay bill and facility time costs:

Total pay bill: £35,612,472.46
Total cost of facility time: £26,692
Percentage of pay spent on facility time: 0.07%

Paid trade union activities:

Hours spent on paid facility time: 129.5
Hours spent on paid trade union activities: 19.5
Percentage of total paid facility time hours spent on paid TU activities: 15.06%

Equality Objectives

In line with statutory requirements, Gosforth Group has agreed the following Equality Objectives for the period 2023-2027:

To ensure that all Trustees, Academy Advisory group members and staff are aware of current legislation surrounding equality and diversity, and understand their individual and collective responsibilities
To promote cultural understanding and tolerance of different religious beliefs and ethnic groups.
To promote mental health awareness and develop appropriate support strategies.
Commit to closing gaps in attainment and achievement, especially for:
a. Students eligible for Pupil Premium
b. Students with Special Educational Needs and Disabilities
c. Looked after children
d. Students from minority ethnic groups.
Commit to improving accessibility in all school sites for students, staff, and visitors with disabilities, including access to specialist teaching areas.
Closely monitor and record incidents involving the use of homophobic, sexist, and/or racist language by students.
To regularly review and refine the taught curriculum so that it supports our drive to support equality and diversity.