TG finance
Financial Approach and Principles
We are an ambitious, growing multi academy trust, currently consisting of 13 schools, operating in a highly regulated environment. Our primary financial objective is to ensure the Trust remains a going concern and is financially sustainable. This objective shapes our financial approach, guided by four key perspectives:
Stakeholder Perspective
Our Trustees require clear oversight of financial risks to ensure long-term sustainability. We meet this need through:
- Robust current and projected financial information
- Consistent KPI reporting across all schools
- Adherence to our three core financial principles: resilience, integrity, and agility
By applying this approach, we empower stakeholders to make informed and confident decisions.
Regulatory Perspective
We operate within a stringent legal and regulatory framework. Strong financial governance is essential to ensure ongoing compliance and accountability.
User Perspective
Financial information must be clear, accurate, and timely to support evidence-based decision-making using the most current data available.
People Perspective
Our finance team must have the skills, capacity, and strategic insight to support the Trust’s objectives. Defined competencies and ongoing development underpin this commitment.
Core Principles
Our medium-term budgeting is anchored in three principles: financial resilience, integrity, and agility.
Resilience
The ability to withstand short-term risks while maintaining long-term financial stability. We benchmark against similar Trusts and aim for strong financial indicators (e.g., cash reserves, GAG reserves). Our financial strategy includes working towards operating efficiently and effectively, compared to national benchmark data.
Integrity
Transparency in reporting and accuracy in financial processes. This is reinforced through clear responsibilities, control principles, fair resource allocation, adherence to our scheme of delegation, and independent audit reviews.
Agility
The ability to respond swiftly to change. Recent examples include:
- Efficiently integrating new academies
- Managing outsourced services (IT, facilities, capital projects, catering)
- Streamlining team structures for efficiency while maintaining on-the-ground presence
- Effective budget adjustments to mitigate reduced income from extended services and lettings during closures
By embedding these principles, we ensure financial sustainability, compliance, and the agility to adapt to an evolving educational and economic landscape.
David Dovydaitis
Chief Finance Officer
David Dovydaitis is Chief Financial Officer at Tudor Grange Academies Trust, leading the financial strategy, planning, and compliance across the Trust. With over 20 years in education finance, David provides oversight to the Trust’s sustainable growth and optimal resource management across its schools.
David’s experience includes roles at KPMG and RSM Tenon and, as a finance consultant to the academy sector where he developed a strong foundation in financial management, auditing, and strategic planning. He is also an accredited Schools Resource Management Advisor and has worked nationally identifying savings and efficiencies at Trusts nationally.
Outside the office, David stays active through squash and finds enjoyment in the precision of snooker. When he’s ready for a change of pace, snowboarding provides a refreshing escape.