The Brent Primary School is a standalone, single academy trust (SAT). An academy trust is a charitable company set up to run an academy and is responsible for the strategic direction of the school.
The Memorandum and Articles of Association are the documents which create the academy trust, the body responsible for the academy. They are lodged with Companies House thereby making the academy trust a company. The Articles of Association explain the governance of the academy trust (members and directors) and how that governance structure should operate (e.g. how meetings are held and what would disqualify a director). The articles make clear that governors may exercise all the powers of the academy trust.
The Funding Agreement is the contract between the Secretary of State for Education and the academy that sets out the terms on which the academy is funded. The Funding Agreement specifies how the academy is run, its duties and the powers the Secretary of State has over the academy. The Funding Agreement is the method by which academies are held accountable to the Department for Education (DfE). In places the Funding Agreement makes specific references to existing legislation to ensure that academies operate in a similar fashion to other state-funded schools and that there is parity between academies and other state schools. Funding Agreements are not static and may be updated as the law and policy relating to academies changes.