KINGSWAY COMMUNITY TRUST

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 26 in the financial statements, which indicates that the current and projected level of losses may cast significant doubt on the Academy's ability to continue as a going concern.

1. KINGSWAY COMMUNITY TRUST 2013-06-20 → present
2. KINGSWAY SCHOOLS TRUST 2012-12-21 → 2013-06-20

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

Murray Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 26 in the financial statements, which indicates that the current and projected level of losses may cast significant doubt on the Academy's ability to continue as a going concern.”

Significant events

• “The pay award for support staff was not fully funded, requiring the Trust to absorb additional costs within existing budgets.”
• “High levels of inflation, affecting all cost areas without adequate funding to cover this.”
• “Ongoing reliance on reserves to cover unpredictable building repairs and maintenance costs, compounded by high staffing and operational expenses, limited funding and retrospective pay obligations.”
• “Cash flow pressures caused by rising operational costs, timing differences in funding receipts, and one-off obligations such as retrospective pay increases.”
• “Insufficient SEN funding to cover rising staff costs, driven by a growing number of pupils with additional educational needs across all three schools. Many of these needs are unfunded by Manchester City Council, requiring the Trust to allocate additional resources, creating significant financial pressures.”
• “Challenges with staff recruitment led to high levels of supply costs.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +45.4%

  £145,868 → £212,080

• Cash

  -60.4%

  £905,504 → £358,223

• Net assets

  -5%

  £14,634,374 → £13,901,211

• Employees

  -0.5%

  215 → 214

• Wages

  +6%

  £5,003,766 → £5,303,381

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