FIRCROFT COLLEGE OF ADULT EDUCATION

• ◆

  6 officer resignations in last 12 months

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

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

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The activities of the College, together with the factors likely to affect its future development and performance are set out in the Operating and Financial Review. The financial position of the College, its cashflow, liquidity and borrowings are described in the financial statements and accompanying notes. The College submitted a detailed financial forecast to the DfE in July 2025, which provided clear analysis and commentary on the immediate financial years 2024/25, 2025/26 and 2026/27, also that the College has appeared to recruit well in terms of students for the academic year 2025/26, accordingly the College has a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will adopt the going concern basis in the preparation of its financial statements.”

Significant events

• “2021/22 marked the devolution of primary AEB funding away from ESFA to WMCA. WMCA issued contracts equal in value, and description to the legacy contracts previously issued by ESFA.”
• “In 2024/25 AEB funding rebranded as ASF funding and Community Learning funding renamed Tailored Learning.”
• “The college adopted an interim approach to residential funding in 2024/25 at the request of WMCA. The college developed a fully transparent cost based residential methodology which the WMCA are looking to review and adopt in 2025/26.”
• “The college will undertake an open book accounting review in 2025/26 to ensure WMCA compliance and hopefully will lead to a more established long term funding model.”
• “Awarded Platinum accreditation in 2025 by Investors in People for people management and employee wellbeing”
• “one of the first colleges to be recognised as a College of Sanctuary”
• “early members of the Black FE Leadership Network”
• “first college to declare a climate emergency”
• “awarded the winner award for Campus, Health, Food and Drink at the Green Gown Awards for our success in moving to a plant-based menu”
• “Winner of learning provision at 2023 Festival of Learning awards”
• “In 2023/24 the college moved its Access programmes to deliver Free Courses For Jobs (FCFJ) funding for the first time.”
• “We delivered the new Digital Functional Skills qualification, a Level 3 Digital programme and a Green Changemakers programme.”
• “We delivered two Local Skills Improvement Fund (LSIF) projects, leading on the Green Skills strand across the whole of Colleges West Midlands.”
• “We developed an Impact Framework mapped to our new college Strategy to measure the difference we make.”
• “Fircroft had an enhanced Ofsted inspection in October 2023. We were graded Good overall and Outstanding for Behaviour and Attitudes.”

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

8

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +5.2%

  £2,865,461 → £3,014,848

• Cash

  +14.3%

  £1,102,698 → £1,260,864

• Net assets

  +6.5%

  £6,197,506 → £6,599,656

• Employees

  +1.9%

  53 → 54

• Operating profit

  +103.1%

  £105,218 → £213,648

• Profit before tax

  +12.5%

  £357,384 → £402,150

• Wages

  +1.3%

  £1,352,296 → £1,369,600

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