THE ROYAL SCHOOL, WOLVERHAMPTON

• ⚠

  Material uncertainty over going concern

  The historic error in pension enrolment gives rise to a material past-service pension liability. At the date of approval of these financial statements, the precise value, timing and funding of this historic liability remain uncertain and are the subject of ongoing discussions with the DfE, HMT, the administering authority of the LGPS and the Trust's professional advisers. Until those discussions are concluded and a formal agreement is reached, there remains a material uncertainty in respect of the Trust's future obligations arising from this historic liability. Notwithstanding this material uncertainty, the Trustees have concluded that it remains appropriate to prepare the financial statements on a going concern basis.

1. THE ROYAL SCHOOL, WOLVERHAMPTON 2016-01-29 → present
2. THE WOLVERHAMPTON FREE SCHOOL 2014-10-06 → 2016-01-29

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The historic error in pension enrolment gives rise to a material past-service pension liability. At the date of approval of these financial statements, the precise value, timing and funding of this historic liability remain uncertain and are the subject of ongoing discussions with the DfE, HMT, the administering authority of the LGPS and the Trust's professional advisers. Until those discussions are concluded and a formal agreement is reached, there remains a material uncertainty in respect of the Trust's future obligations arising from this historic liability. Notwithstanding this material uncertainty, the Trustees have concluded that it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. THE ROYAL SCHOOL, WOLVERHAMPTON · parent
   1. The Royal Wolverhampton School Enterprises Limited 100% · England & Wales · Operates sports facilities (swimming pool, astroturf pitch) and 'lettings enterprise' arm of the school for the local community.

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  +2.9%

  £12,489,215 → £12,849,275

• Cash

  +388.8%

  £50,662 → £247,649

• Net assets

  -15.3%

  £2,795,429 → £2,367,347

• Employees

  -7.9%

  303 → 279

• Operating profit

  +50.2%

  -£854,068 → -£425,082

• Wages

  +0.3%

  £7,399,413 → £7,423,438

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