MAGDALEN COLLEGE SCHOOL BRACKLEY ACADEMY TRUST

• ⚠

  Material uncertainty over going concern

  Following the transfer of the Academy to Eynsham Partnership Academy on 01 April 2026, a Multi Academy Trust, the Academy is preparing the financial statements on a basis other than going concern. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies.

• ◆

  14 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

Auditor

Reckoner Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following the transfer of the Academy to Eynsham Partnership Academy on 01 April 2026, a Multi Academy Trust, the Academy is preparing the financial statements on a basis other than going concern. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies.”

Significant events

• “The school was inspected by Ofsted in April 2025 and overall was graded as Inadequate.”
• “The management accounts for the months of September, October, November and December 2024 were not prepared due to staffing issues. Furthermore, the management accounts prepared during the year did not include a cash flow statement or a balance sheet. This constitutes non-compliance with the Academies Trust Handbook 2024, specifically sections 2.18, 2.19, and 2.20, which require the timely monthly preparation and review of management accounts.”
• “On 1st April 2026 the school will transfer to Eynsham Partnership Academy Trust for Nil consideration.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

14

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +44.9%

  £712,483 → £1,032,218

• Net assets

  -1.2%

  £16,191,496 → £15,999,308

• Employees

  +5.5%

  164 → 173

• Wages

  +6.4%

  £5,063,890 → £5,389,905

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