2023-08-31-accounts - Ocean City College Ltd

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Charity information
Trustees' Annual Report
Statement ofdirectors'	responsibilities	8
Independent Examiner's	Report	10
Funds Statements:-
Statement ofFinancial Activities		13
Statement ofFinancial Activities - Prior Year statement		14
Movements in funds		15
Revenue Funds		15
Fixed Asset funds		15
Summary offunds		16
Income and Expenditure	account	17
Balance sheet		18
Notes tothe accounts		19

The financial position ofthe charity at 31August 2023 and comparatives	The financial position ofthe charity at 31August 2023 and comparatives	The financial position ofthe charity at 31August 2023 and comparatives	The financial position ofthe charity at 31August 2023 and comparatives	for the prior
period, as more fully detailed	in the accounts,	can be summarised	as follows:-
		2023		2022
		f:		F
Net (expenditure)/income		(15,565)		(8,066)
Unrestricted Revenue Funds available forthe general purposes		59,796		73,713
ofthe charity
Designated Fixed Asset Funds		4,943		6 591
Total Unnrstricted Funds		84739		80304
Restricted Revenue Funds
Restricted Fixed Asset Funds
Total Restricted Funds
Total Funds		64,739		80,304

		SORp	Current year Unrestricted	Current year Restricte	Current year Total Funds	Prior Year Total Funds
			Funds	Funds
			2023	2023	2023	2022
			f.		t
Income &Endowments	from:
Donations &Legacies		A1				8,645
Charitable activiYies		A2	259,332		289,332	259,246
Other trading acdvities		A3
Investments		A4
Total income		A	289,332		289,332	267,891
Expenditure on:
Raising funds		B1
Charitable activities		82	304,897		304,897	275,957
Total expenditure		B	304,897		304,897	275,957
Net income for the year			(15,565)		(15,565)	(8,066)
Transfers between funds
Net income after transfers		Arit-C	(15,565)		(15,565)	(8,066)
Net movement in funds			(15,565)		(15,565)	(8.066)
Reconciliason offunds:-
Total funds brought forward			50,304		80,304	88,370
Total funds carried forward			64,739		64,739	80,304

4.2ofthe SORP
			SORP	Prior Yssr	Prior Year	Prior Year
			Rsi	Unrestricted	Restricted	Total Funds
				Funds	Funds
				2022	2022	2022
					f	r.
Income from:
Donations &Legacies			A1	8,645		8,645
Charitable ac5viges			A2	259,246		259,246
Other trading acbvities			A3
Investments			A4
Total income			A	267,891		267,891
Expenditure on:
Raising funds			81
Charitable activities			62	275,957		275,057
Total expenditure			8	275,957		275,057
Net (expenditure)iincome		for the year		(8,066)		(8,066)
Transfers between funds
Net income after transfers				(8,056)		(5,066)
Net movement In funds				(8,066)		(8,066)
Reconciliation offunds:-
Total funds brought	forward			88,370		88,370
Total funds carried forward						80,304

fixed assets	f	or Charity	use:-
					2023	2022
Funds generated Resources applied		in the year as on functional	detailed in the SOFA fixed assets		(15,565)	(8,066)
Net resources	available to		fund charitable	activities

								Unresbictsd	Restricted	Total	Last year
								Funds	Funds	Funds	Total Funds
								2023	2023	2023	2022
									8
Accumulated		funds brought				forward		73,713		73,713	01,779
Recognised	gains		and	losses before tmnsfers				(15,565)		(15,565)	(8,066)
								50,148			73,713
(From)/To unrestricted				revenue			funds
Closing revenue			funds					5S,148			73,713
Fixed asset		funds						Designated	Restricted	Toml	Last yssr
								Funds	F tin de	Funds	Total Funds
								2023	2023	2023	2022
At 1 September Transfer (to)/from			revenue		funds			6,591 (1,648)		6,591 (1,648)	8,789 (2,198)
At S1August								4,943		4,04S	6,591

Summary of funds		Unrsstricted	Unrsstricted	Restricted	Total	Last Year
		snd		Funds	Funds	Total Funds
		Designated	funds
		2023			2023	2022
		6			2	6
Revenue accumulated	funds	59,796			59,798	73,713
Revenue designated	funds
Fixed easel funds						5,591
Total funds		64,739			64,739	80,304

						2023	2022
						6
Income
Income from operations						289,332	267,891
Investment income
Interest receivable
Gross income In the year before	exceptional		items			289,332	267,891
Gross income in the year Including		exceptional		items			2K0t!1
Charitable expenditure, excluding depreciation and Staff costs Depmcistion and amortization Governance costs Realised losses on disposals ofsocial investments				amorlisation which are programme	related	137,422 164,743 1,648 1,084	79,256 187,858 2,198 6,645
Total expenditure in ths year
All activities derive from continuing		operations

			SORP
		Note	Ref	2023		2022
				K		5
Fixed assets			A
Tangible assets		9	A2	4,943		6,591
Current assets			8
Debtom		10	B2	29,584	39,533
Cash at bank and in	hand		B4	35,336	51,132
Total current assets				64,920	90,665
Creditors: amounts one year	faglng due within	11	C1		~19992
Net Current Assets				59,796		73,713
Total assets ofthe charity				64,739		80,304
Total assets ofthe charity are funded by the funds ofthe charity, as follows:-
Restricted funds
Restricted Revenue Funds		17	D2
Restricted Fixed Asset Funds		17	D2
Unrestricted Funds
Unrestricted Revenue	Funds	17	D3	64,739		80,304
Designated Funds
Designated Fixed Asset Funds		17	D3
Total charity funds				991 9

Salary costs				2023	2022
Gross Salaries excluding trustees and key management		personnel		153,622	184,395
Employer's National Insurance for sll staff				7,821	10,184
Employer's operating costs ofdefined contribution	pension schemes			3,300	3,439
Total salaries, wages end related costs					19801
Numbers offull ffms employees orfull dme equivalents				2023	2022
The average number oftotal full time equivalent staff employed			in the year was
The estimated equivalent number offull time	stair deployed		in different actlvldss in	the year wash
Engaged on charitable activities
Engaged on management and administration
The estimated full dme equivalent number or	all staff	employed as above

		Land and	Plant tt
		Buildings	Iaachinery	Total
		2
Cost
At I September	2022	155,802	121,379	277,181
Additions
At 31August 2023		0	12137	2771 1
Depreciation
At I September	2022	155,802	114,788	270,590
Charge for the	year		1,648	1,648
At 31August 2023		155,802	116,438	272,238
Net book value
At 31 August 2023			4943
At 31 August 2022			6,591	6,591

10	ofthese inv Debtors	estment pr	operties i	ncluded wkhln	tangible fixed assets Is28,780	(2022-68,218)
						2023f	2022 f
	Trade debtors					29584	37,325
	Prepayments	and accrued income					2,208
						29,584	39533
11	Creditors:	amounts	falling	due within	one year	2023	2022
	Trade creditors					5,124	14,360
	Accrusls						2,592
	PAYS, NIC	VAT and other taxes
	Other creditors
						5,124	16,952

										2023	2022
										f	t
Pension commitments	under	defined contribufion				schemes
within one year										3,300	3,439
										3,300	3,439
13Financial commltmants		under operating				leases				2023 f	2022 1
At the year end the charity		had	no annual		commitments			under nonmenceffsbfe
operating leases ss set out belaw:
Operating leases:
14Income and Expenditure		account		and	charitable		funds summary			2023	2022
										t
At 1September 2022											88,370
Prior year adjustments
At 1 September 2022										80,304	88,370
(Loss)/Surplus after tsx for the year										(15,565)	(8,066)
Gift Aid donations made
At 31August 2023										64,739	sc,w4
15No related party transactions
There were no transactions with			related	parties		in either 2023 or 2022.
16 Particulars ofhow	particular		funds	are represented				by assets and	liabilities
At 31August 2023								Unresuicted	Designated	Restricted	Total
								funds	funds	funds	Funds
								E			E
Tangible Fixed Assets								4,943			4,943
Current Assets								64,920			64,920
Current Liabilities								(5,124)			(5,124)
								739			64379
At 1 September 2022								Unressicied	Designated	Restricted	Total
								funds	funds	firnds	Funds
								E	E	E	E
Tangible Fixed Asseis								6,591			6,591
Cuneni Assets								90,665			90,665
Current Liabilities								(16,952)			(16,952)
											80,304

							Funds brought	Funds brought	Movement	Movement	Movement	in			Funds «smed
							forward from		funds		in	2623	TmnsWs		forward to
													between
													funds	in 2023
									see	Note		18	See Note 10
											f			f
	unrastrictscr snd designated				funds:-
	Unresticted	Revenue	Funds					80,304						(15,555)	64,730
	Designated	Fixed Asset Funds
	Total unrestricted snd designated					funds		80,304					(15,565)		64,739
	Rasir/cmd	runds:-
	Restdcted	Fixed Asset Funds
	Restricted	Revaluation Reserve
	Restricted	Revenue Funds
	Total restricted funds
	Total charity funds													(15.565)	64,730
18	Analysis	ofmovements		in	funds over the year as shown			in Note	17
													Other
							Income		Expenditure				Gains k		Idovement
													Losses		in funds
								2023		2623			2023		2623
								f						f	f
	unresiricted snd designated			Funds:-
	Unrestricted	Revenue	Funds					289,332		(304,897)					(15,565)
	Designated	Fixed Asset Funds
	Restncteci	funder
								280,332		(304,807)					(15,565)
19	Details oftransfers between					funds	in the year as shown	in Note	17
	The transfers shown		in note	17	above are:-										2023f
	Tc/(from) Designated		Fixed Asset			Funds
	Tc/(from) Restricted		Fixed Asset Funds
	Nst trsnsfem

The purposes for which the funds as detailed in	The purposes for which the funds as detailed in	note 17are held by the	charity are:-
Unrestricied snd designated	funds:-
	These funds	are held for the meeting the objectives ofthe charity,			and	to
Unrestricted Revenue Funds	pnivide reserves for future activities, and, subject tocharity legislation,					are
	free from all	restridions on their use.
Designated Fixed Asset Funds	The purpose 'Accounting	ofthese funds is described for capital grants and fixed	under the accounting asset funds'.	policy
Restricted funds:-
EducationalVouchers fund	Funds provided by Warwickshire County services.		Council for the provision		of
Restricted Fixed Asset Funds	The purpose 'Accounting	ofthese funds is described for capital grants and fixed	under the accounting asset funds'.	policy

22	Donations and Legacies
					Cunent year	Cunent year	Current year	Prier Year
					unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2023	2023	2023	2022f
	Donations and gifts hom individuals
	Small donations individually less than	f1000
	Total donations and gifts from individuals
	Revenue grants dr donafions from public bodies
	COVID and SSPincome
	Apprenticeship funding
	Total public sector revenue grants
	Gifts in kind, donated services and	facilities
	Small gifts individually less than 51000
	Total donated goods and services
	Sundry Income
	Sundry income
	Total Sundry Income
	Total Donations and Legacies			A1				8645
23	Income from charitable activities		- Trading		Activities
					Current year	Current year	Current year	Prior Year
					unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2023	2023	2023	2022
					r			t
	Primary purpose and ancglary trading
	Primary purpose trading - Sale ofgoods in accordance with the charily's objects		and services		280,332		289,332	259,246
	Ancillary trading in support of primary	purpose		trading
	Letting of properly for charitable purposes
	Total Primary purpose and ancillary	trading			289,332		289,332	259,246

24	Charitable	income from	income from	income from	income from	funders	funders
										Current year		Current year	Current year	Prior Year
										Unrestricted		Restricted	Total Funds	Total Funds
										Funds		Funds
										2023		2023	2023	2022
													f	f.
	Contractual	payments			from	public bodies to fund				charitable	activities
	Small payments		individually			lees than 21000
	Total contractual		payments			from public		bodies
	Total Charitable		Income from				funders
25	Total Income from charitable						activities
										Current year		Current year	Current year	Prior Year
										Unrestricted		Restricted	Total Funds	Total Funds
										Funds		Funds
										0		6		f
										2023		2023	2023	2022
	Total income from charitable					trading				269,332			289,332	259,246
	Total Charitable		income		from	funders
	Total from	charitable		activities					A2	289,332			289,332	259~
26	Income from other,			non		charitable,		trading	activities
										Current year		Current year	Current year	Prior Year
										Unrestricted		Restricted	Total Funds	Total Funds
										Funds		Funds
										2023		2023	2023	2022
										6		6	f.	0
	Trading activities		to raise funds for the charity
	Total from other		activities
27	Investment	income
										Current year		Current year	Current year	Prior Year
										Unrestricted		Restricted	Total Funds	Total Funds
										Funds		Funds
										2023		2023	2023	2022
										f				K
	Bank Interest Receivable
	Total investment		income

				Currant year	Current year	Current year	Prior Year
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds
				2023	2023	2023	2022
				2			2
Gross wages and salaries	-charitable		activities	153,622		153,622	150,211
Employers' Nl - Charitable activities Defined contribution pension costs acfivities		- charitable		7,821 3,300		7,821 3,300	7,184 3,430
Temporary Staff - Charitable Activities							4,000
Travel and Subsistence -	Charitable	Activities		54		54	24
Staff uniform - Charitable	Activities			33		33
Marketing and advertising	ofcharitable		services	265		285
Notional value ofuse of gifi in kind
Total direct spending			B2a	1as,oss		185,005	184,858

						Current year	Cunsnt year	Current year	Prior Year
						Unrestricted	Restricted	Total Funds	Total Funds
						Funds	Funds
						2023 f	2023 2	2023	2022 2
Costs ofprimary purpose to benefit beneficiaries			and ancillary		trading	101,388		101,388	50,382
Total	charitable trading costs				02b	101,388		101,388	53,362
Expenditure	on	charitable		activities-	Funding	ofactivities
						Current year	Current year	Current year	Pnor Year
						Unrestricted	Rsstricted	Total Funds	TotslFunds
						Funds	Funds
						2023	2023	2023	2022
Cost offundraising		activities		8 events		2		f	2
Total Fundrainding		costs

31 Support costs for charitable	31 Support costs for charitable	activities	activities	activities
						Current year	Current year	Current	year	Prior Year
						unrestricted	Reslrtcted	Total Funds		Total Funds
						Funds	Funds
						2023	2023	2023		2022
							6	r		r.
Employee costs notincluded			in direct		costs
Salaries - Administrative	staff
Employers' Nl - Administrative		staff
Defined contribution pension costs —Other
Travel and subsistence	-staff
Staff Uniforms
Student lunch
Volunteer costs
Volunteers' expenses
Premises Expenses
Rent payable under operating		leases				608			608	13,086
Rates and water charges						1,541		1,541		1,906
Light heat and power						5,610		5,810		2,543
Cleaning and waste management						1,134		1,134		591
Premises repairs, renewals and			maintenance							4,419
Alarm and security costs
Property insurance
Health and Safety costs
Administrative overheads
Telephone, fax and internet						933			933	4,369
Stationery, postage and	printing					2,412		2,412		2,547
Motor running costs						477			477	977
Membership subscriptions						9,439		9,439		3,120
Advertising/Promotional						346			346	137
Liabilty and contents insurance						9,494		9,494		1L992
Com puts or costs						1,504		1,504		2,154
Professional fees paid	to advisors			other then		the auditor or	examiner
Accountancy fees other than examination					fees	1,334		1,334		5,794
Tax advice
Legal and professional fees						1,815		1,815		1,787
Employment law and Health/Safety
Virtual Assistance fees
Financial costs
Bank charges						119			119	157
Depreciation for the year						1,648		1,648		2,198

				Current year	Current year	Current year	Prior Year
				ttnrestrtcted	Rsstncted	Total Funds	Total Funds
				Funds	Funds
				2023	2023	2023	2022
					r.	2	8
Independent	Examiner's		fees	1,250		1,250
Total Governance		costs	B2e	1250		1 250

Total Charitable	expenditure
			Current year	Current	year	Current year	Prior Year
			Unrestricted	Restricted		Total Funds	Total Funds
			Funds	Funds
			2023	2023		2023	2022
			r.	8
Total direct spending		82a	155,149			165,149	187,834
Total charitable	trading costs	82b
Total Fundraising	costs	820
Totalsupport costs Total Governance costs		82d 82e	138,498 1,250			138,498 1,250	87,273 850
Total charitable expenditure		82	897			897	275957