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<p>Academies Enterprise Trust (AET) is responsible for over 60 schools and over 33,000
pupils.</p><p>The department can confirm that AET takes a 5% annual top slice. In
2017-18, this was £9.1 million to cover the cost of centralised services such as human
resources, estates and facilities, educational support, legal, financial and IT services.
This information is included in the Trust’s annual financial statment and further
information can be found at:</p><p><a href="https://beta.companieshouse.gov.uk/company/06625091/filing-history?page=1"
target="_blank">https://beta.companieshouse.gov.uk/company/06625091/filing-history?page=1</a>.</p><p>The
annual top slice is used by academy trusts to pool funding for services to its academies
for which an individual academy would otherwise be responsible. The level of top slice
will vary from trust to trust depending on the services provided.</p>
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