SMART MULTI ACADEMY TRUST

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this consideration the Trustees are in full agreement that at this time there are no material uncertainties in respect of the Trust's ability to continue as a going concern.”

Significant events

• “The Academy Trust now operates eleven primary academies... added two further schools during the 2024/25 year. Oakfield Infant School and Oakfield Junior School, based in Gateshead, academised and joined the Trust with on 1 October 2024.”
• “In July 2024, Members voted to adopt revised Articles of Association... will come into effect on 1 September 2024.”
• “Stephenson Memorial and the two Oakfield schools joined the Trust earlier this year.”
• “The Trust is currently exploring a potential merger with ONE Trust, an eight-school primary MAT”
• “Plans to incorporate Grasmere School in North Tyneside Local Authority are currently paused in part due to the complexities of onboarding a school whilst also exploring merger with another Trust.”
• “The Trust applied for Condition Improvement Funding (CIF) for three priority one projects to replace aged heating systems. Disappointingly the bids were unsuccessful with little CIF funding coming to the Region.”
• “Kingston Park Primary will expand to three form entry from September 2026”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +31.2%

  £16,492,892 → £21,638,068

• Cash

  +5.3%

  £3,558,974 → £3,749,106

• Net assets

  +7.1%

  £24,909,109 → £26,684,952

• Employees

  +15.1%

  384 → 442

• Operating profit

  -73.1%

  £6,988,590 → £1,883,354

• Profit before tax

  -72.7%

  £7,044,479 → £1,921,843

• Wages

  +27.4%

  £9,209,597 → £11,728,747

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