OWN TRUST

• ⚠

  Material uncertainty over going concern

  The Board of Trustees has carefully considered whether the Trust has adequate resources to continue in operational existence for the foreseeable future. Trustees recognise that these financial statements contain evidence of material changes in relation to the planned growth of one of the schools in the Trust. However, the recent decline in pupil numbers across the country and the city has had some impact on the Trust. 1 school has approx. 18 places in 1 cohort, lowering income for that school by in the region of £100k. The school that planned to grow has not seen the numbers come to fruition so has just not expanded the staff quota as originally planned, thus having less impact on the current budgets. The ongoing impact of these challenges does mean that the schools will start to struggle in 3 years' time without significant changes to income or growth. As detailed in the plans for future periods section below, the schools transferred into the Meridian Trust on 1 November 2025.

• ◆

  6 officer resignations in last 12 months

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

• ◆

  5 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

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Board of Trustees has carefully considered whether the Trust has adequate resources to continue in operational existence for the foreseeable future. Trustees recognise that these financial statements contain evidence of material changes in relation to the planned growth of one of the schools in the Trust. However, the recent decline in pupil numbers across the country and the city has had some impact on the Trust. 1 school has approx. 18 places in 1 cohort, lowering income for that school by in the region of £100k. The school that planned to grow has not seen the numbers come to fruition so has just not expanded the staff quota as originally planned, thus having less impact on the current budgets. The ongoing impact of these challenges does mean that the schools will start to struggle in 3 years' time without significant changes to income or growth. As detailed in the plans for future periods section below, the schools transferred into the Meridian Trust on 1 November 2025.”

Group structure

1. OWN TRUST · parent
   1. Nene Valley Primary School 100% · England · Primary academy
   2. Orton Wistow Primary School 100% · England · Primary academy
   3. Woodston Primary School 100% · England · Primary academy

Significant events

• “In the previous year the board voted to merge with another trust in the Autumn Term of the 2025-26 year.”
• “From 1/7/2025, with the consent of the DFE, an Interim CEO was appointed to oversee the planned merger, It was agreed that this would be a 20% FTE appointment with a standard NLE (£600 per day) payment being made to the supplying organisatior.”
• “Following the decision of the new CEO to explore other opportunities, OWN trustees reviewed progress towards required growth and determined that they felt the future development and security of the three schools would be better served as part of a larger acaderny trust. After a detailed due diligence process, OWN Trustees determined to merge with a local, medium sized academy trust, Meridian Trust.”
• “As detailed in the plans for future periods section below, the schools transferred into the Meridian Trust on 1 November 2025.”
• “As described in the Trustees' Report, the schools within the Trust transferred into Meridian Trust as of 1 November 2025. Following the transfer this Trust is now dormant and the Trustees will consider applying to Companies House to have the company struck off the Register.”

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

6

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.