PENNTHORPE SCHOOL TRUST LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the governor's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The Charity's net incoming resources were £88,002 (2023: net outgoing resources £185,078).”
• “The Government's tax policies contained in their Autumn Budget in October 2024 will have a significant impact on all independent schools throughout the country, including Pennthorpe.”
• “The decision by the Government to implement these changes mid-academic year means that schools have had little time in which to make any structural changes to their provision for the academic year 2024/25. The addition of VAT on school fees, the removal of mandatory business rates relief, the increase in employer's National Insurance and the increase in the National Living Wage will require a high level of re-budgeting and forecasting for the academic year 2024/25 and beyond.”
• “Included within the total bursaries, discounts and awards are means tested bursaries totalling £126,592 (2023: £51,282).”
• “The pioneering Pennthorpe Prodigy Programme was launched this year with current pupils.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +15%

  £3,470,295 → £3,992,190

• Cash

  +95.9%

  £276,222 → £541,027

• Net assets

  +2.2%

  £3,999,682 → £4,087,684

• Employees

  +7.4%

  68 → 73

• Operating profit

  +182.6%

  -£151,807 → £125,435

• Profit before tax

  +147.5%

  -£185,078 → £88,002

• Wages

  +4.3%

  £1,878,149 → £1,959,063

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers