BROAD HORIZONS EDUCATION TRUST

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  Material uncertainty over going concern

  Material uncertainty related to going concern We draw attention to note 2.2 in the financial statements, which indicates that the Trust incurred a surplus in the year ended 31 August 2025 of £0.16m on unrestricted and general restricted income funds. At 31 August 2025, the Trust had utilised all unrestricted funds and is reporting a deficit on general restricted income funds of £0.51m. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt over the Trust's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

1. BROAD HORIZONS EDUCATION TRUST 2022-06-21 → present
2. BOUDICA SCHOOLS TRUST 2020-01-10 → 2022-06-21
3. RIGHTFORSUCCESS TRUST 2013-10-16 → 2020-01-10
4. EATON HALL ACADEMY TRUST LIMITED 2012-11-06 → 2013-10-16

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

Consolidated group

Auditor

Price Bailey LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty related to going concern We draw attention to note 2.2 in the financial statements, which indicates that the Trust incurred a surplus in the year ended 31 August 2025 of £0.16m on unrestricted and general restricted income funds. At 31 August 2025, the Trust had utilised all unrestricted funds and is reporting a deficit on general restricted income funds of £0.51m. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt over the Trust's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “This year has marked a period of significant progress and transformation for Broad Horizons Education Trust. Building on the foundations established following the merger, the Trust has undertaken a substantial programme of financial, structural, and cultural change to ensure long-term sustainability and effectiveness.”
• “Attendance across the Trust has continued to improve, with the Trust averages now exceeding national averages in both the primary and secondary phases.”
• “For the first time ever, all schools are now graded Good or better.”
• “The Trust achieved its goal of having 100% LED lights in a school for the first time at Bluebell Primary School.”

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

1

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

  +5.7%

  £55,985,519 → £59,162,367

• Cash

  +63%

  £1,722,983 → £2,807,799

• Net assets

  -2%

  £130,182,190 → £127,583,913

• Employees

  -1.8%

  1,252 → 1,230

• Wages

  +6%

  £35,097,481 → £37,202,694

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