WELLOW HOUSE SCHOOL LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported net liabilities of £1,300,727 and a deficit for the year of £356,518. The trustees acknowledge material uncertainties regarding the charity's ability to continue as a going concern, though they rely on support from Alpha Schools to meet obligations for at least 12 months. The auditor issued a disclaimer of opinion due to limitations on their ability to obtain sufficient appropriate audit evidence.
What the accounts disclose
“This level of reserves has not been maintained throughout the year.” — page 4
“We draw attention to note 1.2 in the financial statements, which indicates that at 31 August 2024 the Charitable Company had net liabilities of £1,300,727 and made a deficit for the year then ended of £356,518. As stated in note 1, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.” — page 7
“We do not express an opinion on the financial statements. Because of the significance of the matter described in the Basis for Disclaimer of Opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements.” — page 7
Structured financials (annual return, FY ending 31/08/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £1.7m | £2.0m |
| 31/08/2023 | £1.5m | £1.8m |
| 31/08/2022 | £1.6m | £1.5m |
| 31/08/2021 | £1.1m | £1.2m |
Common questions
Is WELLOW HOUSE SCHOOL LIMITED financially healthy?
The accounts state that the charity reported net liabilities of £1,300,727 and a deficit for the year of £356,518. The trustees acknowledge material uncertainties regarding the charity's ability to continue as a going concern, though they rely on support from Alpha Schools to meet obligations for at least 12 months. The auditor issued a disclaimer of opinion due to limitations on their ability to obtain sufficient appropriate audit evidence. Its FY2024 accounts were audited by Richard Place Dobson Services Limited.