Schools taking academy status will become independent schools, with their assets becoming the responsibility of trusts, which will be run as charitable companies. (bbc.co.uk)
The fund will be operated by a not - or - profit charitable company and will focus on creating new opportunities for young people with musical talents. (educationbusinessuk.net)
However, as charitable companies, academy trusts and their trading subsidiaries are also caught. (schoolsweek.co.uk)