ETHOS ACADEMY TRUST

• ◆

  3 officer resignations in last 12 months

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

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Academy Trust's ability to continue as a going concern, thus they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During the year, Ethos Academy Trust operated six academies: one primary pupil referral unit academy in Kirklees; three secondary pupil referral units in Kirklees and Wakefield, one primary and secondary pupil referral unit in Wakefield and one primary and secondary special school in Rotherham. The MAT has also secured DfE approval to open two new free schools in Leeds and Barnsley/Sheffield. This expansion of the Trust is in line with our strategic objective of increasing the quality and depth of Ethos.”
• “The Trustees acknowledge that 2024/25 was a period of high inflation with economic and political uncertainty. They recognise that this uncertainty is likely to continue to bring financial risk to the Trust during the next 12 months, some of which cannot be planned for.”
• “As the academic year 2024/25 progressed, it was agreed by the Board that the key objectives of this plan have already been achieved, resulting in a decision being made to launch a one year development plan with a view this to being extended or re-written with the expected appointment of a new CEO.”
• “In 2024/25, Ethos College exceeded its PAN numbers by 4, resulting in increased financial security for both the school and the Trust. In 2024/25, Reach Academy exceeded its PAN numbers by 3, resulting in increased financial security for both the school and the Trust. In 2024/25, Engage Academy exceeded its PAN numbers by 1, resulting in increased financial security for both the school and the Trust.”
• “Since the Ofsted inspection of Elements in February 2025, an interim Headteacher has been appointed.”

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

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

4

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

  +19.1%

  £16,120,000 → £19,205,000

• Cash

  -5.9%

  £2,084,000 → £1,962,000

• Net assets

  +8.6%

  £23,263,000 → £25,259,000

• Employees

  +6.7%

  252 → 269

• Profit before tax

  +200.3%

  £738,000 → £2,216,000

• Wages

  -4.7%

  £8,191,000 → £7,807,000

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