THE EXCEPTIONAL EDUCATION TRUST

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that uncertainty exists over the ability to pay expenses as they fall due within the foreseeable future. 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 on the Trust's ability to continue as a going concern.

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

Jackson Nicholas Assie Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that uncertainty exists over the ability to pay expenses as they fall due within the foreseeable future. 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 on the Trust's ability to continue as a going concern.”

Significant events

• “COVID-19 has impacted on the Academy significantly considering the school was open for Key Worker pupils and has been required to undertake the recruitment and testing of pupils returning to school following the lockdown.”
• “The Academy has completed a 1FE expansion to the school site which will accommodate 162 additional students.”
• “The Academy is well placed to continue to expand its student numbers roll which was increase from 162 to 168 in 2023/24.”
• “As part of the 1FE expansion the Academy leased a 3.5acre of land adjacent to the Network Rail arches... The Scrubland will be turned into an EcoPark.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +11.9%

  £6,250,116 → £6,994,391

• Cash

  -52.5%

  £226,527 → £107,571

• Net assets

  -1%

  £15,424,345 → £15,275,312

• Employees

  -0.8%

  118 → 117

• Wages

  +6.1%

  £4,108,242 → £4,356,995

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