SYNERGY MULTI ACADEMY TRUST

• ⚠

  Material uncertainty over going concern

  However, whilst discussions with the DfE remain positive and the Trust expects to operate within the facility and meet the conditions of the funding agreement, there are inherent uncertainties in financial forecasting. The completion of the recovery actions will continue in the current and future years, meaning the adherence can only be assessed and confirmed in the future, and there may be other factors outside of the control of the Trust that may impede the ability to deliver the recovery plan. As such, the Trustees have concluded these factors represent a material uncertainty that may cast significant doubt on the Trust's ability to continue as a going concern.

1. SYNERGY MULTI ACADEMY TRUST 2016-03-13 → present
2. REEPHAM HIGH SCHOOL AND COLLEGE 2012-09-03 → 2016-03-13

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

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, whilst discussions with the DfE remain positive and the Trust expects to operate within the facility and meet the conditions of the funding agreement, there are inherent uncertainties in financial forecasting. The completion of the recovery actions will continue in the current and future years, meaning the adherence can only be assessed and confirmed in the future, and there may be other factors outside of the control of the Trust that may impede the ability to deliver the recovery plan. As such, the Trustees have concluded these factors represent a material uncertainty that may cast significant doubt on the Trust's ability to continue as a going concern.”

Significant events

• “The Trust has restructured and reduced the size of the senior team, appointing a CEO who alongside the Deputy CEO, CFO and Director of People have implemented effective strategies related to finance, estates, IT and school improvement.”
• “Significant progress has been made in financial management through a comprehensive review and implementation of enhanced financial processes and monitoring systems.”
• “The Trust has continued to invest in its infrastructure through the effective use of the School Capital Allocation (SCA), ensuring the Health and Safety of all sites and the development of them to provide high quality learning environments.”
• “The Trust has fully implemented the move to our new MIS system (Arbor) across all 15 schools.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +4.6%

  £33,046,458 → £34,555,188

• Cash

  +3.4%

  £2,291,699 → £2,368,744

• Net assets

  -1.4%

  £47,652,069 → £46,988,134

• Employees

  -5.1%

  783 → 743

• Profit before tax

  +83.7%

  -£2,827,823 → -£460,935

• Wages

  0%

  £20,906,043 → £20,909,027

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