As detailed in the Academies Financial Handbook 2022 the trust must publish on its website in a separate readily accessible form the number of employees whose benefits exceeded £100k, in £10k bandings, as an extract from the disclosure in its financial statements for the previous year ended 31 August. Benefits for this purpose include salary, employers’ pension contributions, other taxable benefits and termination payments. In the case of employees who are trustees, their salary and other benefits will also be disclosed in £5k bandings in the trust’s financial statements, as set out in the model trustees’ remuneration note in the Academies Accounts Direction.
The information for the financial year 2022/23 is set out below. The number of employees whose employee benefits including employer pension
cost exceeded £100,000 in bandings of £10,000 as at 31 August 2023 was:
£100,000 – £110,000 = 3
£110,000 – £120,000 = 0
£120,000 – £130,000 = 0
£130,000 – £140,000 = 0
£140,000 – £150,000 = 0
£150,000 – £160,000 = 1