PELE 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

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the Board of Directors has a reasonablo oxpectation that the academy trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.”

Significant events

• “A major development during the year was the transfer of six additional primary schools into the Trust between April and June 2025.”
• “Curriculum and enrichment remained a strong feature of the year. The Trust-wide Kaleidoscope programme continued to showcase high-quality creative work, culminating in concerts, exhibitions and a combined performance involving pupils from every school.”
• “Overall, 2024-25 was a year of significant progress. The Trust successfully integrated new schools, strengthened collaboration across phases, consolidated school improvement processes and delivered a wide range of opportunities that supported pupils' academic achievement, personal development and wellbeing.”
• “The overall in-year position for the Trust was negative with several schools closing the year with an in-year deficit, some quite significant although better than originally forecasted due to an extensive reorganisation during the year.”
• “Most schools rising in year deficits can be attributed to increasing staffing costs. Whilst pay awards are funded, annual progression is not and that can account for a significant annual increase in some schools. Falling pupil numbers at John Spence, The Duchess's, Richard Coates and some of the smaller rural primary schools have also had an impact in the reporting period.”

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

Filings

2

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

  +25.3%

  £34,022,200 → £42,619,241

• Cash

  -15.8%

  £13,064,647 → £11,005,775

• Net assets

  +3.6%

  £46,419,972 → £48,075,061

• Employees

  +17.5%

  659 → 774

• Profit before tax

  -84.2%

  £13,566,594 → £2,147,089

• Wages

  +24.3%

  £20,082,933 → £24,954,598

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