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Greenwood Dale Foundation Trust says it has much to resolve as it continues to advise Derby's Al-Madinah School.
The Muslim free school has been labelled "in chaos" by education inspectors just weeks after it was placed in special measures for failing its pupils.
GDFT says it will continue to work with the school to ensure it has a sustainable future.
A scathing report into a Derby free school claims it "remains in chaos" more than a month after an initial inspection labelled it "dysfunctional".
A total of 47 pupils have left in the past few weeks, while five members of staff have resigned, according to Ofsted inspectors.
The inspector, Wayne Norrie, has now strongly recommended that no newly-qualified teaching staff are taken on as the school's action plans for improvement are "not good enough".
An Ofsted report has found there are "no signs of improvement" at the Al-Madinah free school in Derby, with relationships between school leaders at all levels labelled "destructive and deteriorating".
The school's action plan for improvements was found to be not fit for purpose, and inspectors also found teachers are not being held to account for inadequacies in teaching.
The inspection was carried out on November 29, just weeks after an initial report labelled the school "dysfunctional."
Latest ITV News reports
The full findings of the latest Ofsted report into the Al-Madinah free school, in which inspectors said there had been "no improvement".