Financial Reporting
Accounts
PUBLICATION OF EXECUTIVE PAY
Under the Academies Trust Handbook (2022, Sec 2.32), the MAC must publish on its website the number of employees whose benefits exceeded £100k, in £10k bandings, for the previous year ended 31 August. Benefits for this purpose include salary, employers’ pension contributions, other taxable benefits and termination payments.
For Sept 2021 to Aug 2022 for Holy Cross the bandings are:
- £100,000 to £110,000 2
- £110,000 to £120,000 0
- £120,000 to £130,000 1
- £130,000 to £140,000 0
- £140,000 to £150,000 1
Note that prior to 2020 Trusts/MACS were required to report without the inclusion of the employer’s pension contributions.
Updated: 27/01/2023