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$rnport Indep8nd•nl exarnlnots r Slatsmeni offin8nryal athiiies Balance sheet Notes toth¢ flngndal 8tatemen 7-12 OCEAN CITY COLLEGE LTD TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The DlroctorslTruste88 present thelr report logglher wlth flnan¢lal statements f￿the yeaf )Isl August 2025. The Directors and Tnrste65 C(￿rIm1 that thg annual repon at)d finandal stal$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¢0mrn8r￿ed Pr8¢Uce {SORP)"Aeo￿n1lng a￿1 Rep￿fjng 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. ObJ￿tiV•S To provKl• a garage workshop and other fadlhles to advance the interest ol $￿tal èjeffaro wlth the Obj￿ of Smprovlng condthon8 offrfe in tho wards ol Ham and a160 acroB6 the Cty olPI￿101.,11). 2. To èrFhance and promole employment opportunities. work eX￿rienCe opportuik'llo$, ti'ainliN an(i education indudirg tralning skill$ rel8V8nt to 88curlThJ amploymonl for I￿81 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 A￿mIleS 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 oth9rdè￿Ved 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 p￿r￿¢k on ac¢redlted training prcgrammes w$ havo b8en able to ITrOS& ol tfre your people engaged In oducatKJn wh1191 galrlng a vdld qUal￿¢8￿0n 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 auth￿11[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 2￿25 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 wèathe￿0￿ voted on Ihe b08rd Icompany Secrètary from 19th Juty 2024}. Charlty T￿￿te•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 a￿1vIties. training dellvery, 2nd IhB inlgmal verification sys(pm. Brian Weathe￿tOn serves a8 the Quallty Assursn¢g Coordinalor. wor￿n9 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 8rrxngw￿nts 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 (Com￿Y Secrelary frDm 1V Juty 2024) El•etlon of mem￿r5 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. obSe￿e 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 reqUI￿d 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 oftheCharItyf￿th0YeareTrded 31 A￿9￿1 2025whlch arg set outon paw 5 to 12. Ro8pectivo responslbllltles tsl tru¥teesxnd •xamlner rhe tru¥ie¢s (who are a180 Ihg dir$clors of the wmpany f¢rthe puipos8s of ry)mpany Fawl wè o4wnsible for Ihe prepar*lon ol the 8¢wunts. Thé trustges consider that an oudlt Is notrequlred for ￿tr ii]id¢.r socllon 14412) ofthe Chartiles Act 2011 (the 2011 Acll and that an I￿sep￿ljent e￿MInalk)n Is negded. H8￿n9 sa￿311¢d myself thal the (*arty Is n(* 8ublgct to audit under ￿mpanY lèw ehgibl& lor Indepgndent ?xary4natlon, It is my re8pon8ibility lo- examlne lh8acc￿￿tS umler secticffj 145 ofthe 2011 A¢ to follow the Fwocedures lald down kn Ihe general Direclions glven by the Charfty Comrnission Bection 145{51{bl of the 2011 Ad- 8nd lo state vthether parli0￿ar mattw8 hav¢ oJm& lo rny attènlc4K Ba818 of Indo￿n￿Ont •xamln•rfs rwrt My examination was cèrfed out In accordan¢8 vAth the goneral Dlrèthons gNsn by the Charitit Comnilssion. An exominatlon Includ8$ 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 faIr￿eW, 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 therequIr￿l￿n1$. 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 $ectJon 396 oflhe Cornpanles AGt 2006 and ￿￿th tho methods and tirinciplp8 of the Statemont 0fR￿0MM¢￿dad Prackn.. Acwintiw and Reporting by Charttios have not been met: lowtticli. In my opirion, att8nlkJn Should be drawn In orderlo enftbl8 o propw understandbrw oflhts a¢eounl¥ to be reach8d. klerlin Mbahln. FAAT do Cl*or lue Sky A¢¢ounlancy 30B City Busin￿ Partt SDrners81 Plece PL3 4BB Dated: OCEAN CITY COLLEGE LTD STATEMENT OF FINANCIAL ACTivrriES INCLUDINGINCOME AND EXPENDrruREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricied Unrestricted fuysds funds 2024 Donations and l¢¥ades Charilab18 actlviltes 2.803 244.645 Total In¢81 st#t8mentslorth8 yearln qu881ion in 8co)rdance wth 8ectlon 476. These fin8ndal 8tatemenls how b99ft prgpafed In acrnrdance vAlh thè provlsions 8pp1C&b￿ to companl8s 8uL*i 19 the Small o>npanlg6' reglme. The fmandal slatements approved by the trustseB on 15 J￿e 2026. C Storer Tnotso Company R•g18tratlon No. Q39191173 OCEAN CITY COLLEGE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Charty Status Th& charty ts a chairty ￿Mited by gu8ranlee and consequenlly does not h8ve Share ￿pItal. Each ofth¢ tN$lees is li8bl& lo eoninbule an amount nol 8xGegding £Nil towards the assets of the rJ)arfty in tho svent of Ila￿datI￿. 1 AKounllng pollclo8 Summary of slgnlficant accounting pollcle8 and key accountlng 08timafè8 Thg principBI accounting pdi¢igs Op￿10d in th8 wgp8ration ofthesg f￿an(la1 ststemenls are sel bebw. These wlide$ have been (x)n*s1en￿Y #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 Char￿1¥$.. Statement of Recommended Prgctice appllcable to charlties PTeparing Iheir acix)unts in &c￿lance wlth the Financial Reporting Stsndard applicable in th6 UK and Republ￿ of Ireland IFRS 1021 leiygctive 1 January 2015)- (Chorities SORP IFRS 102}l. the Finanuèl Reportlng StarKlard ar4)li be meL Ihe incrrn is recogni3ed a$ ? liabilty and Included on the belan￿ s￿¢ as defe￿?￿ in¢ome to be tyi I￿Sed. Inv￿lMent Income DI￿den[la recognlsed th8 ￿￿end h88 been declared aftd rntift¢ollon hgts been r9￿1.￿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 ba￿9 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[Ai8￿e with conslltlrt1￿al and st81utory requirem8n Including authl, 8trateglc managem8nt aThY tnJ8ÈeeB'8 mootings and rein*ursed expenses. Tanglble asoets Indmdual r￿ed assets costin9 £500.00 or are Initialty ￿cOrded at ¢o¥L le55 any subsequonl ac£umul8ted deyecS8llon and 8￿quent 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 res*lual 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 s￿d 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-l￿M 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 clasS￿e