TOWNLEY GRAMMAR SCHOOL TRUST

• ◆

  5 officer resignations in last 12 months

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

1. TOWNLEY GRAMMAR SCHOOL TRUST 2023-07-11 → present
2. ODYSSEY TRUST FOR EDUCATION 2018-07-19 → 2023-07-11
3. TOWNLEY GRAMMAR SCHOOL 2011-11-11 → 2018-07-19

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

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the board of Trustees has a reasonable expectation that the Academy Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The number of trustees has decreased from eleven, to nine. Three trustees have stepped down and one has been recruited following an ongoing recruitment drive.”
• “During the 2024-2025 academic year, failures in the oversight and management of the Academy Trust and the robustness of the processes in place to manage risk, were identified.”
• “The Trust experienced continued levels of poor attendance at committee meetings, failed to report related party transactions to the DfE, and failed to obtain DfE prior approval for potentially novel, contentious and repercussive agreements.”
• “The Trust failed to adhere to internal policies and procedures for management of trips and school events, failed to adhere to good practice procurement procedures, and failed to apply adequate consideration to value for money and spending of public money when authorising expenditure.”
• “The Trusts failed to submit financial statements to the DfE by 31 December 2024 and failed to publish these on their website by 31 January 2025, due to ongoing investigations into the above failures.”
• “Since the 12th November 2024, the Trust Board has decisively taken action, implementing robust policies and processes to address past failures.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

7

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

  +19.6%

  £11,511,420 → £13,766,061

• Cash

  +53.2%

  £1,771,480 → £2,713,458

• Net assets

  +7.4%

  £23,867,743 → £25,635,732

• Employees

  -3%

  164 → 159

• Wages

  +3.7%

  £6,204,356 → £6,432,452

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