TRANSFORMING FUTURES MULTI ACADEMY TRUST LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to the Trustees' report and the disclosures made in note 1.2 to the financial statements, which explain that the Trustees have approved the decision to transfer all of the assets, liabilities and activities of the Academy Trust into Reach South Academy Trust. It is anticipated that this will take place within 12 months of the date of approval of the financial statements, at which point the Academy Trust will cease all activities. Accordingly, these accounts have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. TRANSFORMING FUTURES MULTI ACADEMY TRUST LIMITED 2020-09-08 → present
2. ACE SCHOOLS MULTI ACADEMY TRUST 2016-03-02 → 2020-09-08

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

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the Trustees' report and the disclosures made in note 1.2 to the financial statements, which explain that the Trustees have approved the decision to transfer all of the assets, liabilities and activities of the Academy Trust into Reach South Academy Trust. It is anticipated that this will take place within 12 months of the date of approval of the financial statements, at which point the Academy Trust will cease all activities. Accordingly, these accounts have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “During the year 2024/25, the Board of Trustees took the decision to explore a voluntary whole trust merger. This has progressed through a credible and thorough process resulting in the formal decision to progress with whole trust merger in 2026.”

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

0

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +11.8%

  £20,893,966 → £23,350,767

• Cash

  +14.1%

  £1,385,610 → £1,581,361

• Net assets

  +0.2%

  £20,270,333 → £20,315,656

• Employees

  +7%

  369 → 395

• Wages

  +10.2%

  £10,349,724 → £11,401,242

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