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St Teresa of Calcutta
Catholic Academy Trust
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Welcome

Welcome to St Teresa of Calcutta

The trust was formed in 2017 with 2 primary schools in Rochdale. Now based close to the centre of Bury, we have 2 secondary schools and 5 primary schools spread across our designated area of Rochdale, Bury Bolton and Salford, with 8 schools expected to join the trust during 2023/24. It is currently planned that the Trust will grow to include 11 secondary schools and 57 primary schools by 2030, with arrangements in place to ensure an orderly take-on. The trust will be the provider of 3-16 Catholic education in the 4 boroughs, with very close connections to local churches and the communities through their Local Governing Bodies, and also the Diocese of Salford and the local authorities. The trust income will grow from £20m per annum to approximately £150m per annum, with 4,000 staff and 25,000 pupils.

The trust is developing a digitally lead learning strategy, with an initial target of 50% of all learning being digitally enabled at all levels. This is underpinned by substantial investment in both infrastructure and user devices. This investment also provides a very strong modern platform for the support functions, with simple to use agile working on high performance equipment. It is expected that the Finance systems will be further developed to take full advantage of the investment and provide an end user experience comparable to the better examples in commerce and industry.

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Finance

Our Finance and Procurement Function

The Finance and Procurement function at St Teresa of Calcutta Catholic Academy Trust (STOCCAT) shown below is developing into a professional team to support the transactional, compliance, planning and reporting needs of the trust. Whilst transactional document processing will remain within the schools, all payments, invoicing, cash management, accounting and reporting is done centrally. Staffing levels will grow under the control of the postholder to ensure timely processing and responsiveness, although efficiency will be paramount as economies of scale are key to the success of multi academy trusts. There is an on-going drive to eliminate paper records and longer-term plans to replace spreadsheets with more robust centrally controlled systems.

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Role

The Head of Finance

The Head of Finance role is central to the function, providing technical and managerial input to the team and acting as deputy to the CFO.  Whilst the Trust has operated for 6 years and developed a complete set of policies and procedures, there is significant need to take all of the ways of working forward to reflect both current and future growth. This role will provide detail guidance for the development of the Finance systems and have significant involvement in wider system design and implementation across the trust. The central functions of the Trust work very closely together. This collaboration is fostered by the senior management and assisted by physical collocation in the Trust’s headquarters and a very shallow central structure with a maximum of 4 levels.

The remuneration package for the role includes 28 days holidays plus Bank Holidays, membership of the Local Government Pension Scheme (22.7% employer contribution, 1/49th average salary benefit per year of service with inflation protection), free on-site parking and flexible attendance hours.

As we expect that the trust will grow by approximately 800% by 2030, this structure will change frequently, bringing opportunities and challenges for all team members, but especially for those in leadership roles. This is recognised by the Senior Leadership Group and the Trust Board. Changes in the scope and scale of the role will be reflected in annual reviews.

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