All community schools â€“ primary, secondary and special - have the option to investigate foundation status. This leads to a change in governance of the school such that the governing body:
Becomes the employer of the school staff
Becomes the admissions authority for the school within the requirements of the school admissions code
Takes on ownership of the schoolâ€™s land and assets
Foundation schools remain local authority maintained schools.
Found a good website which explains what a foundation and trust school is-