Chwlty regl6tration numtK3r 1079789 Ccrfnpany registration number 03919973 (England and Wates) OCEAN CITY COLLEGE LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEV,ENTS FOR THE YEAR ENDED 31 AUGUST 2025
OCEAN CITY COLLEGE LTD LEGAL AND ADMINISTRATNE INFORMATION Truslees Bortd C Storer E LevAs D Bnjnnlng G Inwam B W¢oth¢rston S¢¢retary D Brunning Charlty numb•r 1079789 Company Dumber Q3919373 Rogl8tgrod offl¢¢ 30 Hom Drtv Hymwth PL22 Ind•pendent Exgmln?r Clear Accounlan 3ce city Bu%iness P¥Yk SomeTset Pla Plymolath PL34BB
OCEAN crry COLLEGE LTD CONTENTS Trust•e$rnport Indep8nd•nl exarnlnots r Slatsmeni offin8nryal athiiies Balance sheet Notes toth¢ flngndal 8tatemen 7-12
OCEAN CITY COLLEGE LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The DlroctorslTruste88 present thelr report logglher wlth flnan¢lal statements fthe yeaf )Isl August 2025. The Directors and Tnrste65 C(rIm1 that thg annual repon at)d finandal stal$meDts of Ihg cl)aritJ.' comply th wrrgnl statutory requirèments. the raqulrements ofthe c*)arlty'$ goveming documei)i ap.: I¢w Provisiong 01 the Slatomenl ofRe¢0mrn8red Pr8¢Uce {SORP)"Aeon1lng a1 Repfjng Charlties" eff.3¢ti January 2015. Norpro Trainin9 Ltd changad ils nwneto Ocean Clty College Ltd on 16th O¢iober2023. MF1.Y 1fv8S iom?ed on 4th February 2000 as 8 company Ilmlled by guarantee. wlth the rrHAtmumll8blllty of eac[7 me.-,Ibèi Ml ex¢eèdlng £1. The company ottined chBrlt8ble gtalus on 10th March 2000. Legal and admlni8tratlve Ènformatlon Thg Infomialon Set out on tho front page forms part olttag report. ObJtiV•S To provKl• a garage workshop and other fadlhles to advance the interest ol $tal èjeffaro wlth the Obj of Smprovlng condthon8 offrfe in tho wards ol Ham and a160 acroB6 the Cty olPI101.,11). 2. To èrFhance and promole employment opportunities. work eXrienCe opportuik'llo$, ti'ainliN an(i education indudirg tralning skill$ rel8V8nt to 88curlThJ amploymonl for I81 reskjents iw,111 tr,e alE8 of benefll. 3. To os5iSt In Ihe r6tt6f of tho effects of Bod81 and eoon(Thlc deprtvallon and 8oci81 eyLILiSj-ri in tho area of benefit. 5. To promole such olher thaiitsble purposes 8s fijrther Iheoblects ofth¢ tmpany. Princlple AmIleS We provlde academi¢ year mechanical Irainlng oJurses for up to 120 young people per anriLEiTr, most rjs whom erther reslde in thg local area or oth9rdèVed afeas of the City of Plymoulh. MOBI of these yotiro rènpte have had d6fflcultl63 wlth m8lnstrgam education. orother dlfftulties Ihat haw affected thelr 8duralion. B}. comlng to the prtii6 two days pr¢k on ac¢redlted training prcgrammes w$ havo b8en able to ITrOS& ol tfre your people engaged In oducatKJn wh1191 galrlng a vdld qUal¢80n that they can use In Ihts fvt'.re. Durlng thls reporting wlod: Educ8tion charvJes came Into effect Ilmlting school sixth forn to subcontr8Ctlng only ?5% of their intske. This had a significant Impact on the ¢liaritys income. H¢)wever. new OPPDrtunities have emerJ&d iyiln sclioolF n¢)w placing greater emphgsls on pre-16 engagament. A$ a result. Wg Increas8d our student numbers orfering alternattve provision foi these younger leamor8. In addition. local auth11[89 have begun workin9 w..Ih us dire¢tlys referring students who held an Education, Heallh arKI Care Plan. Trustees ntInue to support st8ff by provldlng addltlonol h(Alday entitlement in IEo)gnSlion of la-k QT pay Increases. All slaff now only work 38 weeks por year. We conllnue to support AFC Ptympion under 16.3 and have a160 provided wpport lo th¢ S)fvrfr lJr,de..-9 foptball Jb durfng this pèriod, as w811 a8 the Maynower Primary School Chdslma8 C8ke sale. Staff ¢hang•¥". Bjqan vleather8tc rellred August 31 W24. Joshua Coales emil0 8$ 8 WoTkshop technlctan March ITr 225 Apprnnllces: We hove no intrke th18 year.
OCEAN CITY COLLEGE LTD TRUSTEES REPORT(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Trustees: Brian wèathe0 voted on Ihe b08rd Icompany Secrètary from 19th Juty 2024}. Charlty Tte•S The charity is structured so Ihat the trustees meet regulaty lo oversee Its 8ffair8 ano apprr>ve ongoing developments. Reginal Willlam3, TeGhnical M8nager. Is responslble for day-to-day opgrationgl mayiagement of the charity induding sho*floor a1vIties. training dellvery, 2nd IhB inlgmal verification sys(pm. Brian WeathetOn serves a8 the Quallty Assursn¢g Coordinalor. worn9 on behalf of the ¢heriiy'S %1¢ed[ted awarding bodies. The team also include8 qualified traln8rs and one receptlonisl. The charity retains Clear Blufrsky Account8ncy as Its accounlants and hok18 banklng 8rrxngwnts wllh Lloyd¥ PLC and the CI>op PLC. On 10 Sgpt8mber 2024, a Redwood 8avlngs accout)I was also Rl$k managomeT Majtsrriskg are constanty revith8d, andprocedu1è6 96fabllshed to manaoe those rlsks. Dlr¢¢tors and Trustees Ali Directors oftho company 8re alsotruste8s ofthechaffty. andthere are noother bwsteg5. Thg trustees who seNed d¥Jrfng tha y&ar are: Graham Ingram (Chalrl E Lewls (Mce Chairl Darren BNnnlng (Company Se¢retsry unll 19th JU 2024) Mlchael Bond. Chris Storer. 8rf8n We8ther8ton (ComY Secrelary frDm 1V Juty 2024) El•etlon of memr5 The OireGtor8 retire after a five-year pariod. gNI Ih¢re are nong lo rgtlre thls pgrlod. R6tlring diie¢tw are ellgfot8 to offer themsdves for re-appolftlmenl. The number ot trustees Shall Mt be18$$ than fourbul sttaK be sul4eGt to a maximum ofnlne. Revlaw of Activiti8slFlnance$ Thg Company ha8 been oper&llng at full Gapacity throughout th8 finandal ye3rand has generalocl the maiodty of lis Income by providSng Irainlng cours8$ ors behalf of sGhcob, college8 ar othèrorganlsalions Restrfoted fLnd$ stand at £ NIL th unrestrided funds stsnding at £90,952.
OCEAN CITY COLLEGE LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Reserves Policy- Unr•stricted Funds W8 are working ttswards a reserve5 policy whereby the unrèstricted funds nol Commitled or invested in fixed or tangible a558ts held by the tharity should be at least 6 months ol the expenditure. However, this rK)liGy has now been reviewed taking into account Ihe changès in education 8nd the reg6lleration programme that is taking pla¢e in the Charities, direct area ol benefit. The trustees therefore took the decision to raise the amount that should be allocated to resèrves. to allow the project to continue operation for at least the next academic year whilst Ihe above issues are resolved. At presént the reserv85 oUnt holds £10,428.12 on the 31 August 2025 but this ha5 not tak8n in to account depreci8tion costs on both the building and the contents. The surplus of fund8 retalned in the reserves is available for use to enable the company to fulfil its principle ot4ectives subject to sufficient further funding being re¢eived. Direetorsrrrustees R¥spon8ibilltlesfor the Financi?1 Statsm•nts Company law requires th8 dirèclor51trustees to prepare fin8n¢ial statements for each fjnèncial year which give a true and falrview of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial slal8m8nts. the directors are required lo: Select 5ullaNa accounting polici&s and then apply them consi51ently. obSee the molhods and prlnuples in the Charities SORP. Mak* judgements and estimates that ar& reasonablè and prudent. Pr8p8re financial siatements onth9 going conc¢m basis unles5 Trt 13 inappropriate lo presum¢ that the company 11 continue in business. The directorsltrust88s are responsillg lor Maintaining proper accounting ¥ecords, for safeguardFng the assets of the company and for taking reasonable steps for the preventic>n and detection of traud and other iryegularities. The Trustees are also responsible lor ensuring that the charity financial stal8rn8nls comply with Ihe Charftles Act 1993. and the Charity (Accounts and Reports) Regulatlons 2008 andthè provisions of thetrust de•d. Independent Examlner Merfin Mbahin, FAAT. of Ckar Blue SkyAccount3ncy will carry out the independent examination reqUId forthis annual r8lurn. Small Company Exèmpllon This report has been pr8pared in accordance wllh the sp8c¢al provisions ol Part Vll of the Compani85 Act 1985 relating lo small companies. ON BEHALF OF THE BOARD Chair- Director Dated: li" ju
OCEAN CITY COLLEGE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OCEAN CITY COLLEGE LTD I rop)rl lhe8¢Iunts oftheCharItyfth0YeareTrded 31 A91 2025whlch arg set outon paw 5 to 12. Ro8pectivo responslbllltles tsl tru¥teesxnd •xamlner rhe tru¥ie¢s (who are a180 Ihg dir$clors of the wmpany f¢rthe puipos8s of ry)mpany Fawl wè o4wnsible for Ihe preparlon ol the 8¢wunts. Thé trustges consider that an oudlt Is notrequlred for tr ii]id¢.r socllon 14412) ofthe Chartiles Act 2011 (the 2011 Acll and that an Isepljent eMInalk)n Is negded. H8n9 sa311¢d myself thal the (arty Is n( 8ublgct to audit under mpanY lèw ehgibl& lor Indepgndent ?xary4natlon, It is my re8pon8ibility lo- examlne lh8acctS umler secticffj 145 ofthe 2011 A¢ to follow the Fwocedures lald down kn Ihe general Direclions glven by the Charfty Comrnission Bection 145{51{bl of the 2011 Ad- 8nd lo state vthether parli0ar mattw8 hav¢ oJm& lo rny attènlc4K Ba818 of IndonOnt •xamln•rfs rwrt My examination was cèrfed out In accordan¢8 vAth the goneral Dlrèthons gNsn by the Charitit Comnilssion. An exominatlon Includ8$ a f8VieW of th8 accounting records k8pI by the ch8frty and 8 JJn)pafiSWI of the ccounts yesonted wlth ihose reo)rdg. 118190 Indudes consid8ratw of 8ny unu8ual btoms or dl5cloytsr In the aoxounts and seeking expl8nthion$ from you as twstegs concgmlng any such matt8TS. The proc8dtsrès undertaken do not wovlde all the emdence Ihat would be requirè¢J in an aud ond ts)nsequ¢rrtty no oplnlon is given as lowhether the acetsjnts prosenta Iwe and faIreW, and the report Is IlmAgd to thosg maltors s81 out In the statement below. Indepfrndont •xamlngrfs statgment In connecllonwth my Bxamln8(ion. r¢0 matkerh88 come to my attentlon: whk me rwsonable cause to b¢ll&v¢ that In any m8tsrial re6PeCt therequIrln1$. to keep accounting record8 in accortlancg SectI1) 386 01 th8Companie8 Act 200b.' apd to prepare a¢¢ounts which accord with th¢ a¢counting records. comply wilh the accoiiniing requiremtn18 of $ectJon 396 oflhe Cornpanles AGt 2006 and th tho methods and tirinciplp8 of the Statemont 0fR0MM¢dad Prackn.. Acwintiw and Reporting by Charttios have not been met: lowtticli. In my opirion, att8nlkJn Should be drawn In orderlo enftbl8 o propw understandbrw oflhts a¢eounl¥ to be reach8d. klerlin Mbahln. FAAT do Clor lue Sky A¢¢ounlancy 30B City Busin Partt SDrners81 Plece PL3 4BB Dated:
OCEAN CITY COLLEGE LTD STATEMENT OF FINANCIAL ACTivrriES INCLUDINGINCOME AND EXPENDrruREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricied Unrestricted fuysds funds 2024 Donations and l¢¥ades Charilab18 actlviltes 2.803 244.645 Total In¢<Jm• 201.8 244.645 Charitable 8¢INili86 251.3 r4¢t (•¥dUrnylncOM*tr•r the y•8rl Nètmtsvemertt sn funds 33 471 17,2581 Fund b8fance8 at 1 September 2024 57,481 64.739 Fund balanc•s at 31 Av9U•t 202S 90.952 57.481 The slaternent offinal acuvllies inckK%es all gairB arKI Ipsses ¢0nISed in th&year. AJI Incomg andfxpendlbjre derfve from wnUnL#ng adlvlties. Th8 Statement of flrrAal actlvlbes al compltets wlth the requlrements for an Income and pxp¢ndi1v a¢¢ount undfjr the Companlg5 Act 26.
OCEAN CITY COLLEGE LTD BALANCE SHEET AS AT31 AUGUST2025 2025 2024 Flxed assets TarvJlble assets Current a588ts 7,459 3.754 10 4,178 9.533 Cash al b8nk and In hand 87.147 85.436 Credllors: amounts falllng duo wlthln one year 11 Net Gurrent 8ssels 83,493 Total a89èts less current Ilabiliti Income funds Unrestrfj¢led fLFnds 481 The ¢ompary is &ntltJ to the exemptlon frorn the audil reqivreFrwnt ¢xffjtaln•d In soctlon 477 of the Companles A¢t 2008. forthe ye8r ended 31 Augusl 2025. Tho directors acknowledge their responsibllitJe8 for complytng wlth the requirements of tha Companltss Act 2006 with re6P8Ct to acrounling records andthe preparatlon of flnanoyalststemgnts. The mgmbgr¥ have not required thg company to obialn an audltof Its fin8Th>81 st#t8mentslorth8 yearln qu881ion in 8co)rdance wth 8ectlon 476. These fin8ndal 8tatemenls how b99ft prgpafed In acrnrdance vAlh thè provlsions 8pp1C&b to companl8s 8uL*i 19 the Small o>npanlg6' reglme. The fmandal slatements approved by the trustseB on 15 Je 2026. C Storer Tnotso Company R•g18tratlon No. Q39191173
OCEAN CITY COLLEGE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Charty Status Th& charty ts a chairty Mited by gu8ranlee and consequenlly does not h8ve Share pItal. Each ofth¢ tN$lees is li8bl& lo eoninbule an amount nol 8xGegding £Nil towards the assets of the rJ)arfty in tho svent of IladatI. 1 AKounllng pollclo8 Summary of slgnlficant accounting pollcle8 and key accountlng 08timafè8 Thg principBI accounting pdi¢igs Op10d in th8 wgp8ration ofthesg fan(la1 ststemenls are sel bebw. These wlide$ have been (x)ns1enY #r4)bed lo all tr years 5Y88entèd. unless otheftNt5@ stated. Statement of compllance The finan¢ial Statements h&.8 been prap8red in a¢¢ordance wilh Accounllng and Repcrtiw by Char1¥$.. Statement of Recommended Prgctice appllcable to charlties PTeparing Iheir acix)unts in &clance wlth the Financial Reporting Stsndard applicable in th6 UK and Republ of Ireland IFRS 1021 leiygctive 1 January 2015)- (Chorities SORP IFRS 102}l. the Finanuèl Reportlng StarKlard ar4)li<able in lh& UK ond RepuUic of Irg18nd (FRS 102) and the Compthes Act 2006. Basls of preparation OrEan Clty College Ltd nEets Ihe defintt1 of a public benefft enllty under FRS 102. AsÉet 2nd li&blliiies are initially recognised at IMst¢yical iy)sl or transacknn value unless Oth8rwlse slated in th6 relevant accounling pollcy notes. Golng eoncem The trustses (wshJer thai thgr9 gre no mate1 unrtaIntieS abwt the ehiritys abillty to ntInUe as a gclng COnM nor any 8ignlficant areas of uncertalnty that affect the canytng value of assets by Ihe ¢baNty. Exgmpllon from prepaTlry a fjh flow stotgment The chaiiiy opt¥d lo aarty a(knpl Bultin 1 piA)bshed on 2 Fetwary 2016 and have theiofore nol Induded cash fiow statemgnt these finBncS81 statements. Tran8ftlon to FRS 102 In prsyparing thfraccounts, thg twst885 hav8 considered whèthw in applJ4ng the accounliny polcies required by FRS 102 and the Ch8rltles SORP FRS 102 a restatement of comp8ratl ftems wa8 raoulred. No r¢¥tolements are qUIred as o result of the transiDOft to FRS 102. Restricw funds 8re 8ublecl to spedflc condlilons by donors 88 to P#)w they m8y be used. The purpgse9 ond u$e$ of the restrKtod funds are 881 out In the notes to the ffinanoal Ststements. Incomo and endowments All incomè is rec3)grkied once fhe thaiity has entlement to thè Income. it Is pmbable Lhal the Income Vjill recefv8d and the 8mount of IhB Inrne rI31vable Can be measured rellabty. Donatlons and legacles Donations are recognised when the ¢harity has been notÉfied In wrIn9 of bolh the amc4Jnt and seEtleArEnt dgte. In th& event th81 a dongllon is subjeLt lo Gonditions that require 8 level olperfomance by th9 charty [ore the chprily 15 entiued to the funds, the incom8 ts deferred and not recognised unttl dlher those ¢on¢Jluons are fvlly met, LY the lulfilmenl of those conditions is wholly within the ca)ntroi of the charity and il is probabte that th888 ndIllo VAII fulfilled in the reporting reriod.
OCEAN CITY COLLEGE LTD NOTES TOTHE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollci•s Grants r•eelY•ble Grants are r8ccgnised when Ihe th8rfty has an enfllement to the fur%1$ and any condtllons Ilnked lo Ihe nts haw been met. Where perfoTmance conditlons ate attached lo the granl and ar¢ yel tr> be meL Ihe incrrn is recogni3ed a$ ? liabilty and Included on the belan s¢ as defe? in¢ome to be tyi ISed. InvlMent Income DIden[la recognlsed th8 end h88 been declared aftd rntift¢ollon hgts been r91.ed oflhe dlvlderKI due. Expgndlture AJI &xpendttur8 is recognKBed once thgre a legal or o)nsfrucUve oblylion to that oxpeNJilure. il is probabl8 settF8m8nt18 requlred and the amount can be maasured reliably. All costs are alloceled to Ihe applicable expendlture headlng that oguYe9ate slmllar ci>8ts to that ¢8legory. Where ¢osts ¢Ènnol be dwects'y atrribLrted to particular h9adlngs they have been allwat8d on a ba9 conslslent wllh the u8e of resources. with central stsff costs allocated on Ih? basls of knme spen( and doprec4ation chargeB allocaled on Ihe of the asset's U8e. Other Support e05ts are alkKal•d based on the spread ofstaff eosts These Indude the costs attritr4Jtable to the charltys e4)m[Ai8e with conslltlrt1al and st81utory requirem8n Including authl, 8trateglc managem8nt aThY tnJ8ÈeeB'8 mootings and reinursed expenses. Tanglble asoets Indmdual red assets costin9 £500.00 or are Initialty cOrded at ¢o¥L le55 any subsequonl ac£umul8ted deyecS8llon and 8quent acrumulated Impaimient103se8. Deprnclatlon and 4morflsatlon DgprecÉalion is prowd•d w tanglble fixe(l asse15 $0 gs to writs off the cost or valuatloii . les9 SIW gstlm8te reslual Value. c¥wr their eycted useful econom[¢ IKe as follows: Leas¢hold prop8rllas Pknt & equlpmenl & Computsr gqulpmgnt No depreL¥otk)n 25% r&JuciThJ balance mothc Trade debtors Trade debtors are 8YTh)unts from ¢u6tomers for mèrchandlse sd or 8eNtces FÈrfomed in the ordlliary course of buslness. Cash and cash gqulv•lents Cash and cash 8quivalents ¢iimprise rAsh on hané and call depoFÉts. and other siN)rt-lM hlghty IlquhJ Inveslments thllt are readly convertSble to a kn¢)wn amounl of cash and are $ubJe¢t to an Insi9nifi¢anl risk of change in value.
OCEAN CITY COLLEGE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31AUGUST 2025 A¢¢ounllng polldes Trado creditors Trade credltors er8 obllgallons to for g¢)od¥ or sèrvlcas that have been a¢quir8d iii the or¢Jinary COU of bus5n•ss from suppliers. Accounts p8yable ¥rg clasSe<l a$ cuNenl liabllltie$ rf the charity does not have an uncondllional right at the end of the reportlng perfod, to defer settlement of the ¢rerJltw for at 185sI Iw8lv8 monih9 after thé reporllng date. If there is an un)ndItIOnal ght to defer setllwnent fu ai ILtraSi Iwekves mt)nlhs after the repDrtlng date. they ors prgsgnted non4urrenl Ilabllrfl8s. Tf8de ¢r8dHors 9T• r8cogni8ed etthe transaclknn préce 8niJ 8ubsequentty m8aBUf8d at aff4)llId co81 tha 8ff8¢tlv8 Intarest method. FundstruGtu Unréstricted ineomefunds ar8 gener81))Jnd8 that are avollable for Lwe * the trusto6s'5 dixr$tloft In t,Jnh8ran¢e ofthg 50cl¥¢ oflho ch8rfty. Reslrlcted Income fvntjs are those don8tgd lor us8 In a partt¢ulaf ar•a or specific kYJrpOS6. th& use of whith is restr1¢ to that area or purpos. crftlcal ac¢ountlng e¥llmato8 andludgem8nts In the aptIOn of th8 ¢harfty6 alynthvj w)198, the trust£OS or6 requit9d to makejvdg8m0¥i+ts. •sthnat85 Ond a68umption8 8boutthe carrylng amount of assets and liabiliti•s that ar8 not r•8dily ep?&nt from other souw8. The eslimtes arKI as60clat¥d assumptions are based on hlstorkal expernc 8p.d 00r fors that are considered to be rtslevant. Actual results may dlffèrfrom Ihese gstlm8tes. The estlmate8 and undy]rJ as5umptlons ar• revlewed an ongolrvJ basls. RevEs1or to 8ecoLinting esumates ara rewyned In thg pertod In whlch th8 e8timats 15 reVId where the rovtrsian 841 &tsts onty th8t pgriod, or in Ihg pgrlod of th8 rovision arKI future period$ where the revlslon affects botr oJrrenf andfulure Donations and l•gacl•8 Unrnstrlctpd funds Qoneral Total ?024 Donalton5 from IndMdu8ls
OCEAN CITY COLLEGE LTD NOTES TOTHE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31AUGUST2025 Income from Charltable athitios Unrgstriced FurKIs Ggnoral 2025 Total Mechanical englneerfny training for y)ung 198,e55 244.645 Charlt•ble ocbvitles Unre6tr4¢ad Fund Oenoral 2Q25 Total 2024 Mochanlcal englneerfng trainlr¥J for yovng peopta Depredauon. amorflsallon ènd other slmllw tA)Bts staff costs Govemane8 ¢0818 59.316 813 704.e68 3,190 85.619 1.189 184.743 352 187 251,903 Net movement In funds 025 2024 N81 Th)v•menl in ndS Is stated after tharglnol{credltsnq} Doproriatlon of tarnjlble fixod ats 1,189 Trustees rnmuneratlon and uponses No tlee8 received any remunerallon In the ye*12024-NILI.
OCEAN CITY COLLEGE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31AUGUST2025 Employe8S There were 7 &xpbyees the year. Employmgnt CO8ts 2025 2024 Wage# and salarl88 Sodal $8eJJrlty c05 Other pen&on ccEis 102,480 2.188 153,622 7.f21 104.668 164,743 Tanglble flxed as86ts Plontand lond qnd 8qPm•nt Bulld(rt ComFU¥8ts Total Al 1 SeplembBr 2024 155.802 121.379 3.426 277.181 4.518 At31 August 2025 155,8r12 124,805 1,092 281.699 Depreciation and impalrment At 1 September 2024 DeprPda0n thrged In Ihe yeaT 155,802 117,625 857 273,427 813 At31 August 2025 155.802 118.282 158 274.240 Carrylng amount At 31 August 2025 6.523 936 At31 Augu8t 2024 3.7S4 3,754 10 Debtors 2025 2024 Amounts falling du• whhln one ygar: Trnde debtors Prepayments and arY¢d Ing)me 4.178 9,533 4.178 .11.
OCEAN CITY COLLEGE LTD NOTES TO THE FINANCIAL STATEIJIENTS {CONTINUEDI FOR THE YEAR ENDED 31AUGUST 2025 11 Cr•dltor8: amountsfalNng du•wllhin om year 2024 0th6f tsxallon and seda] Secrfty Trade ¢xedRors A¢crual8 and d•ferr*J IrKome 207 2.&57 590 11,079 12 Analysis ofn¢tassgts bgtw•anfund8 Unrestrlcted Unr•strfcted rvunds Funds 224 2025 Fund balancw al 31 Awust 2025 ar8 rePSE9d by. T8ngible assèts Curronl as$11(al)IlIa8I 7.459 3.754 -12-