FE SUS IA Cornpany Limited by Guarantee not havlr¥J a Sh¥* c￿tall fortheyear ended 31 Juty 2024 Charlty No: 1142705 Company No: 05324410 FE SUSSEX (A Cmpany Limtted by Guarantee Mt ha￿rI4 a Share Capltall Ir*thdent Exam1￿15 Rew Siatement of Firwnclai Balance Sheet Notes to tre Fina￿al Statements 10-18 FE SUSSEX IA Ccfftpany Umited by Guarnntee not having a ￿re CapStall The tthrd kresthts the re[￿ and flnancial ttatenBIts of FE SLtssex for the year ended 31 July 2024. The StaterTrE￿ts aFffar in the fumat rewlred by the Sta￿￿￿1 of RffrAnrwded PrKtice 3Fvikable to Charilies )arSng thelr actwnts In acwdance the Financ6al ReF￿rt￿$ StaThknrd awAkalAe in the Ll( aThJ Ryblfc of I￿land IFRS 1021 leffertive 1 January 20191. All tyu5tee5 are dIreCt￿5, the tNstee5' rerAxt 15 atso a dlrectcts. reFKrt as wuired by 5.415 of the Cwies l£t 2(￿. The financfal ststeft￿ts coryFly cwrent statutLry reqLtirerr*nts, the I1th(nnd￿ and Articles of Assoaatkn of Ccrfnpam and the Stateyrthi of Rec(yNnended Pr￿ICe. Acctyjntlng aThJ Ret•ytlw b&* Charfties In &c¢xthrKe wlth the Finarrial Repxting Standard IF[6 1￿1) leffectfve 1 Jarxwy 20191. Ref¢fèK¢ and Athnlnistratl¥e Irrformatfjon FE Swex Lthiited ls a rrystered charity number 1142705 and a cM)party limited tygW￿tee not ha￿A9 a Share Capitalt rwsteTed in EnglaT¥J and Wale5. nwrthr 05324410. Chichesley College W£%tgate fields ChIcl￿rter West ￿SseX P019 158 oyds TSB Bank Flc 10 East Street Ch1ctrts￿r In￿n Mltthell LLP Jthamptc Hampshire S015 2AQ P019 1HJ IndeF*ndeTht examlners of finwKial rtateThents Lv*rts Brownlee (Chichester) Llmited ApFAedram Bèm5 Blrdham Road Chithe5trr West &￿eX P020 7EQ FE SUSSEX IA CompaThy Lfjmited by Guarantee Th)i haviw a Share Capital) Trustees. Report (c¢￿tinued TheTru5tee5 all *Ned in rffice thrw )tar and to the da￿01 th5s rem M5 K Hutker Mr J Kerwdi W Ba￿th￿ D Jans&) IknDL Green Ats J D Clark Unless StaW akne, all of fnt5tees arèdlrecth of tk ￿par￿, aThJ are referred toas T￿￿tee5 The day to thy m¥4pm•nt rfthe chxlty is by the Tru5tee5 to: MsJDCl&k The cl￿panY 15 wvwned by its Iknorand￿Tr and lrtkie5 of A$￿atIon vthlch *re draMI up on irKryrat• on 5 JaNary 2W5. and aft￿ded byspeaal re5¢1uiicffl cffl 14 June 2011. The (￿￿partY was regtstertd a5 a ctwiw'th the Charitie5 Cunmlsscffj on 4 July 2011. The Trustees are responsiL4e the fftnanclal managemert of the charity. tf a vacaKy arises the Tru51ees will that atl thills cmtinL* to ￿ covered. The maTn 5kflislknow(edgeIexperie￿e required are experteKe at a seDfor level In further ethjcatkm ccllege manag￿t together kn￿￿e￿Ie of Cc￿PanY legal procedure5, finwclal wojert managerrent. Each n￿nter wgantsatiW is entltled to ap￿ine dlrector. The thre£tors may ap￿int a director by cfdinary re501IAlcffj up to a Maxim￿ of 15 direct￿$. The Trustee5 are resF4MiNe ft¢ ihe educatkn and pastoral Ca￿ prnkled by ts*tharity. Tr dty.itrday manwent was delegated to M5 J D Clark. Recnrftment. IrKluctlon and tralnfry of Tnjstees Ail n£w Trustees receive intlUcti￿ ￿ a WQLP aTrJ a cne to one b￿3 to erwre tly are famil?ar with their dutie5 and resFths(bllities. Ail Trns￿es are CE051wincipa15 of the member college5 01 FE Sussey ￿th the exceptkn ol Ils J D Clark Some have been in kn8er than three yew5. FE SUSSEX IA Company Umited by Guarantee rnt haviThJ a 9we Capitail Tnistees. Rwt (Contin￿1) Fml risk asse5¥￿tI5 made to T￿ty￿e$ ffi a reWu b￿15 in the fomi (la knk Regtsiff. The rjurfty's &tiv611e5 are lty¥ n5k. 140 large [￿thasts ￿ rr￿. To keep lirEwlth IrK0￿￿. t￿re is CEO. Histimlly has aiy) i%en a fldl.twne admkni$trnt￿. kbmver, durirs a￿¥r￿A 31 July 2Q4, F￿st.￿eT resigned from FE &ssex. reF￿￿t wa5 reuuiiwj thJrfng ￿ar. in tyderto keep io a mininmwn aThJ nEeds (¥gan15atkn *Ere 3ssesse¢1. orkn Staff ¥¢ {ii iniapreb.ry 1rfvn￿t1ng9th agu¥Ja5: oi a¥KJ ser¥Tr a5 WHI thiivery of W quality ed¢Katim serfKe5: In ￿ past yrar ￿ charity has: • 5￿ceSsf￿lY bfd fu a iaw4e injth of frLVn th?￿E Learning * 5kn115 Imwfftmrnt Fthd.. across au &￿seX cdiew. . Prolkted meetirq5 exchw peer ofccl* aThJ Prirryab: with elected and sen7￿ aJthyity aaff: SEND ￿ AP Clkirye Prc￿[ne. at minimal c05t to ￿ cdl Subscriptk￿ f¢y ffemter college5 ￿ 2023124. Thts ma￿5 than 8.5% ¥KL¥ne. Tre rema￿￿ FE SUSSEX IA C(Mnpany Limlted by Guaraniee not havSng a Share Capitall Tru5tees' Report Icontinuedl (Mrv4 to the nat￿e of the Charitys cfffitiorts and t+￿ of the Bc43rd of Direc￿ and Twsteest*lng dwawn irol college5. it is In￿ltable that transa(tiLY5 ￿1{ take place with colle￿$ In which t1￿hre(IN5 may have an Interest. Ail trartsactlrffts Invol￿ng tdteF5 are c￿dutted at arn5 iwoih and InxCorda￿e with standard ￿￿ethr¢S. RvAew OtkhlÈ¥Èrnents And Perforni The charitys fc(u5 In 2023124 ha5 been the deilvery of &osex Lc£al Ski115 ImpToven*nt Fwd ILSJFhiroJects. These woletts reS￿ded to ski115 gaps 1deDtIr￿d ￿th1Th the L￿al Sknlb Improvement Plan (kliveredby the Sussex Chamt*rof (￿￿er(e. CorKeiving the £4.5m projetts was challeryng Ihje to a ccftstraineddeli¥ery tlmeiaNe ￿ the stnjtture of the avallable fwdln% wa% wethmlnantly capltal. tespfte thfs, weare dellghted that FE knsex is ctyjrse ￿ secure amwnt of LSIF fuThJirq available to itynember colleges aod achie¥e the Chalk￿[n8 KPI5. A siginficant achitwement this year ha5 been the engag¢Tr￿t and fwKthng of all ffwter ccllege5 thr LSIF. PrevlrAtsly, the Slxth F(m Cdieges ￿Ve not all t*en Invclved In s(milar projects, and FE 5wexs cces5hTrl coNdlnation of a collabcfative approach to en4awng Fwther Ed¢xation and Slxth F¢xm Coiltyes has L*en Thjted ￿ national stakeholder5 i￿lUdIn8the Deparunent for E￿￿tIOn. The LSIF has enabled the IntrtsdKicffl of a wide range of wdigi￿1 t￿hIng and leamlng techndooes to be rstall￿ lor the F*nellt o15wex leamers, jrb-seekers, employers ￿¢jer cc•))munllles. T1￿ tecMcloOes 1K1￿le new careers WL4)5ite5 fcf Learners. ]0￿seekerS, and career Change￿ in West aThJ Brights￿ and Hwe. that mlrror the 5ucce55ful Careers East 5wex site. ￿￿ap5 which enatrAe5 iearrffi to partKipate in virtth31 wlfjty job inteNews and empioyablity training ha5 LEen intr(d￿ed xrcras all SLW colleges.Immersi¥t ciassrts)rn5 and shared te￿hIng techrniw have been Installed in all fifteen FE Sussex Me1￿1¢3MFwAS. TI techn(Aogie5 f￿litate greater learner er4agement vAth ￿U&LlY unacCv￿[ble.real life'envircnments thro irtuai reality, and alx) etsable ￿[eerS tvents, master classes and qualificati￿ delfvw ￿ke acr055 each Sussex college ￿mUlatn￿js¢y. FE Swxls partlcviafly pro￿ ol kneir4)Ing landed ￿th LSIF fundlng. A geniunely coilat¥xatlve prolert, Landed is an app that matthes kn5ex job-seekers with I(￿llY available vacanthe5 thrc4Jsth an alwithm. Tl*aFP atX¥ 5Up[K)￿ cdlegÈcareers and employability team5 to track and learner5 jOb.Seekir￿ aCtI￿ty and tl*trdesUnatlNs. Lwded ha5 tr￿n deslgned in coliatrrtyation ¥rith Sw ieamers, coil¢e staff and ttnknr aThJ 15 tailored towards its I￿alfty and Swex users. An ?mF*Ytant artc¢xnt d the(ryoing arKI 5Kcessful deli￿ of the LSIF wolect 15 the ef relattthips wtth L￿31 Authoritie5, &ts5ex Charths of Commerce, Llniva5itie5. and elec￿ rewesentatlves. Thls has resulted in w excellent basi5 on whlch to bulld In I￿4125, when stakthlder engagement will be wtal In wder align FE s￿seX aTrJ its ￿th new Cth*rnmEnt pxliof. Aside fr(An LSIF project de(ivay, FE Sussex yJ￿e$sflrfIY f￿litar￿ a raN4e of member cc41aborative aCliTrity in 2023124 throjgh Its network5 aThJ CPD deLivery. A r￿eW of thE FE Su55ex Netw￿ saw the lnuc￿￿tIOn of pan.Susfex college staff coming toqets to share effecti¥p pr￿lI(e on a rawe of actiylty frL¥n *J. ieadethip twalnln& safesuarthng. and coilqe governa￿e. Relatlth)shlps with Unl¥erslty of Port5mwth and the FE W¢yr*Tr'5 Léadership Ne￿ led to ONMrtunltes for members. senlor leadeys to benefit frcffl CPD N£ntal Well￿1ng for FE Leaders, and a Tredefining Ytxy Leèjership. pnbgrdmme. Delivered a5 pilots at or i0w.cl￿t, the high ouallty of these prry4rammes was rellected In feed￿ fr(¥n partidpants. FE SUSSEX (A Cw Limited tty Gw¥rtee a Slwe C•rtal Trustees. Rem Ic(mtfjrwdl P bllc Arml ((#nm S￿X L￿al skills aThJ Imwry*•)t woiett. The Tntstee5 cC￿firm thai thry tt*thrty in sectkn4 of the Ch¥it*s *£t to hv4e s￿eX ￿ the s￿rth East. alll ItwThqh: oi SeekSng to a$￿t arwj in fwther eoxatiffi ail Incl￿rry actir 16) etc. Flnartial Re4tew lJ)d Results For The Ye4r A Sur￿ orf I79.￿5. (c￿l￿tA￿ar* to re5er%*5 of £375.1ffj will dwlty to entw into 2024125 F¥J5ithpty. The ch•fjty5 flnwKlal ￿11 E[￿le FE kn to yxcessfidlyc¢ytl￿￿ deiwy of ￿ L(Kal Skitls Bursarfes and Acces51bl The Charlty dces Trjt award trtjrsaries c* sck4ar5hips. FE SUSSEX IA Comw Llmited by Gu¥antee not having a Share Capital) Tru5tees' Rem {continuedl Rwervrf pollcy reseryes of the charity after all liabilttTeS l¥Ath th?excep￿￿ of redwthcy p￿ents Oje to staff in the event of ￿ tharfty ce&rq to watel staThJ at £375,(0), whkh ts greater than a year's core (peratlry costs. The managerneTht ha5 exam1r￿d the rewlremeni for reseNes and thelr Iff￿. a reyJlt11 has e5t*Atshed a wllcy eby UThTe5tricted reseTre5 Th)t ctynmitted or wNe5ted in tw fi¥ed assets slYoAd be ewal to or exceed crtyear of cperatlNa exr*Mes. Fw year 2023124 core thty oFthtth8 iotaiied (W￿rnateLy) £184,325 Induding &Ymlnfj5tsat￿ payroll. Tr Manag￿￿t of the charity a￿ confidtnt that. at thts Iwd, evth fifall to the tharity ceased. the cwe activttles of the(￿Cr￿ C￿￿T￿Je fora of ￿ io 24 Memberf lia￿l￿1e5 As lry the Artlcles of A$s￿laltOn of the tharity, every ff*mi*r of thE charity prthntse5, fjfthe tharity is di5sdved while he or ￿ or is a member or Yrithin twdve TTrJnths aftw he w She ￿ it ceases to be a mernter, to a￿tri￿Arte s sum Inrtexceethng E10) a5 may be tknandaj of hlm or her or fit towards the of thbts aThJ llabl1l￿e5 of the thartty I￿￿Tred he or ft ceases to te a member. and of the ci6ts d*rRes aThJ eywses of up. and the adjlthent of the Tryhts of the contribjtories the￿￿elveS. Th2 w￿￿1 three pian to ¢￿t[Me to ￿de servke5 to fflernber coiw whkh are C￿gn￿t wtth ￿ key ct*Jectives of the tharity. It Is anticipated that greater emttha5isvrill be placed CLwrat7cffi thith Icral efflFltrrns, I￿31 wi¥er5itie5 a5 a reS￿t of the ffftrnw*nt'5 al￿ts of kncreèsed knlutlon and skllls Fwitsion. There Is h4h. uncertalThty fuiwe rc￿Rtsof the hill￿valUe CVtn￿t fw Edtrati￿ fiJndfn815ff foilrf**d ty LSIF). on whith FE ha5 relied recwt year5, (r ￿￿ether$1mlI￿r0p￿)rtUnltlesVAll be mialble to FE knsex. (￿rnMent'S In¥ninent t*%riutk)n Whlte Paper and Skllts Strategles wlill cian"ty, a)d and rrKth of opwat1￿ of the charitys tht￿s wlll be ad)￿￿d accordirfjly. ed by the Bo¥d of Trwtees at its tv*ting on 19 M)rth 2025 and s18r￿d its t￿llIf by. Mr J Ker5well Chair FE SUSSFX {A Ccrfnpany Llmited by Guarantee not havlng a 9o*e Capital) Independent Examlner's Report I rewt ctwrfty tIU5tees on my examlnatkn d th* of the Company for er￿d 31 July 2Q4. Respfybthltit1•5 and basls ol r•pwt s ￿ charitys tnJ5tees ol the C(•nwry (JrKI also Its dSrertc￿ fly ts purp)5es of company lawl ￿ are resi￿￿"￿￿e for tl* preparatlon of the xcryjnts in Kctyd¥te wlth the rewirements of the C￿leS Art 2(Th 2rA6 kfl. Havkq Sati￿ rn)ryeif that the rA the We rerylred to be a￿aIted urth Part 16 the Z¢K6 Art * are ell8ibie fc* Irthpetht exarnlnth. I ret#wt in resm of my examknatlon of charity5 aCC(*thts as carrled wt 5ectkn 145 of ￿ Chwlt6es Act 2011 th 2011 *£t'l. In c¥rylty my ex&nlnaticffj I have followed the Dlrectltyts Ch¥lty Ctyhmlsskn urth 5Ktion 145151 Ibl of 2011 *£t. I c(ffipleted my examinatkn. I cty)flrrn that ￿ rnxtffs ts) ry attentlm In cc•Trrtkn wlih the examinatkn glvkng me cause to bEllevw. 2 tr* accwnts do [￿1 acC￿d wlth tkne rectyts; 3 the accounts do Th)t ccffiply ￿th the rewkvr*nts ol sertkn 396 of the 21kn *£t ottr*r ihan any requlrement t￿t the Ove • al￿ falr vlew hthlch 15 Th)t a matter cL¥oldered as part of an I[￿P￿t ex•ThknatI￿: or 4 tr* accwnls have not been prepared In ¥thlth the Met1￿ a￿1 kvlnclples ol the Statement of ReCt￿￿n￿￿ed Practke fty acc¢•Jrtlry by tharttle5 lapp11c￿e to tharltles yeparlng thelr Hnarthl Rewl1￿ Stsrthrd apptk•Ne In the UK and Rewblk of Ireland IFRS 1021). I have ro ctyKerr6 t•d Iwe ecffie acrt55 ￿ other In wlih the examlnatlw io ￿$th attentkn s￿￿j10 be drawn fn thls report In c*der to enable a of the acctyjnts to be Sarth Alexander FCCA FCA Lws Brvrtnlee (Chichester) Limlled Appledrarn Barns 8irt1ham Road Chlchester West Sw5e¥ 7EQ 29 Apnl 2025 FE SUSSEX IA Limiknl by Guarantee r¥Jt haviry a Sh¥e CW) statern*￿ ￿ Flnandal ktIV￿ lincwmtlng zn kc(u)tl lor the >*ar ended 31 July 2024 T¢>tal Funds 2024 Fw)d5 Funds 2024 2024 I￿1) Charitable knitle5 In¥eSVoenr 49.9)) $28.559 528.559 191,532 Tot•1 586.545 586,545 198.588 Charitable ¥tivities 5.260 5.2&J 2,2 2450,& Totsl 262.1•)I Rtclassllkatkn of Ilabllftles 161.0131 93.930 Toial funds l¢)rward 13 93,930 390,525 13 469.5XI 469.SXI 3￿)525 All ol •KtMtles ￿ cffitlTh)Ir¥. Thertr 15 no dlfference bets¥•en nrt Inc¢Nne for tht yew xaied akne and Its hlsthrful cost equlvalert. FE SIJSSFX (A Company ti￿ted by Guarnntee mt I￿lTrg a 51we Capitsll No. 05J24410 841anc• Sheet as at 31 July 2024 20Z4 20Z3 Irestatedl Flxed Assets Tanglble Assets 10 Current Assets Debtors Cash at bank and kn hand 11 261,183 701,8&) 963.043 24.412 502,194 526, Credltorn" arr￿nts falllng due ￿thin year 12 494.179 I36,￿1 3W,525 Total asxts less cwrent 1fjabll￿¢S 469.530 390,525 469.530 390,525 Restricted Funds UThre5trk￿d FLI 13 13 93.930 375.IK#) 93,930 Z96,595 469,530 39J,515 These financial st*mtTrt5 have been wepared In accordarKe %￿th the specfal wov1s1￿ relatfj￿ to companies subject to the Thll companfies regirr* vrithln Part 15 of the Compantes Act Zl(6. These finarK6al statements were and aU￿￿rised for issue the board 0fTrUs￿eS on and sigF*d cfft 115 behalf by: J Ker￿11, Chatr MS J D Cuirk, ￿reCtly FE WSSEX IA Co￿rry Llmited ty G1Wart￿ havv¥ a Str•t NotÉ5 on flftarrti￿ for thdEd 31 kn 2024 The ¥￿iCieS have been appifed CLm5i51ertiy in ¢kniw¥with items are((￿￿dered material In relatiC￿ to the C￿￿$ firwdal Aatement firTrand& 5tatwrthts ha￿t*efft W￿red kn x(Ivd¥xe vlth t1*charl￿e5 SCIIP IFRS If41 Tr FlJwKlal Reming 5taNlard In tlE ReWK of IreiaKI" IYRS IOI") of ￿ Compathe5 t ZC(K. will ha%E regyjrces to its liabilit￿5 as t￿ fall fu a ttrThxl of at lea￿ 12 frm t￿ date The (harity 15 a crfflpary limited by rK* a share c*1. ofthe cc4roarry ¥e the is limfted to EIO per rrthrof the dwity. 10 FE SUSSEX IA Cunpany Limited by fyjarantee Mt havkn8 a Share WLIll Note5 M flnandal statèments for the yw ended 31 July 2024 Icortiiwd) I Polldes IcontiThJedl Resour¢es ext*nded Reswrce5 exrthded a￿ ￿l¥￿e1 for on * Xcfuais bas($. Expenditure is analysed into gjch catewrie5 as to re&S￿ablY enaèle the user to gain an appreriatw of the Charitys ex[tr￿lt￿re durtng the year. CJ)vemance costs crywse the c05t of running the Charfty. Incl￿11[￿ strattyc t4anning for its future devekwt, alw* extemal iTh*FEDdEnt examination, any tegal athce and costs of comply[n8￿lh c(*tst4tutlwal and statlrtory Tangible fixed assets are stated at less dePreclthL￿. C05t rewe5eTrts wrclwe prkt tO8ether wfjth ary incidental ￿sts of acquisitlM. Deprecfjatkn tWat¥]n Is catcuiated to Wri￿ the cox of all iaryble assets by ewal amual Irrtalments over thelr extetted useful e¢LY￿rnIC lives. The rates gfflerauy applicable a￿.. Comwter Equipment- 33.3% Strdlght lthe Unrestricted fuThJ5 are defi￿ a5 irth￿￿ realised or generated for th2 r*Jlecfve5 of tl* charitywt￿ specSlled purrA)se which are avallabie as general f￿d5. RestrIc￿ fundsare to ￿ wed for 5Fedflc purFKises as laKI drthn by ttr* ¢knor. EXpend6tV￿ which meets the* criteria, *ill be identified to the knd. qnaied fuTrJ5 are set aside by the Trnstee5 of urwe5tricted genernl fwLd5 tor SF<£ift future Frtjrposes L¥ pyojects. Fund5 tr¥thrs Re￿UrceS are transferred from Llnre5tricted F￿dS to Restricted F￿d5 expeThJiture r1eeti￿ the criteria laid L%Jwn by a of restricied Income exceed5 thi5 Inccrfne. FE SUSSEX IA tsnpany Umited ty Guarantre nc* ha￿rry a Share C4)Itall Nate5 On fibwtyn8 rde: * pro￿dIng such prokn and thces as wfjll &515t Aknber5 In the dellvery of hlgh quallty lurther education., • Pw¢Jing a restyJrce for the prowsicffj of trnlning to NanbEf5 and their staff; • Oi5seminalinq the results of dIscussi￿ aTrJ research to interested partles. arKr . s￿ (thr ffleans as the tr￿tee$ from tirne to t7￿ determine. 4 Addltlonal tharltsble actmtles 20Z4 202J Co[￿lta￿ activities Collaborative ￿l¥lty 49.132 524.519 528.559 191.532 5 In￿tment Income 2024 Z023 Interest recewed on cash deposlis 13 FE SUSSEX {A C(rfnpany Lknited by Guarantee ha¥kng a kn Wtall 14otes on finandal statements for the year er￿led 31 July 2024 Icontlnwl) 6 Breakdohn of costof tharItab￿ actMtI•s 2024 2023 Addltk)nal Cl￿rftYActmtle5 C￿￿￿ta￿ actMtIE5 Pay Bad Debts 7.381 7,381 CoUabNatfve ￿1¥ Non Pay Bad Debts 315,774 47,552 315,T14 47.552 323,155 110.474 General AdmTni5tratloTh *lmini5tTaiion costs S￿ff costs 165,857 16,188 110.755 39.5n 182.105 15J.327 Total rw•tlDg ¢05ts YJ5,Z60 260.801 2024 2023 Indep￿dent examination fees Taxati￿ Cth￿￿7an￿ serrice5 336 14 FE SUSSEX A c￿panY Limited by G￿antee rbjt ￿1131? Notes w ended 31 Juty 2024 I¢￿￿lI￿ed) 11 Debtor5 2024 2023 17,335 243,848 25 24.387 261,183 24,412 12 CredltOW5 Amounts falltrq du• wlthln one y 2024 Z023 Trade credlt Other credlttys n.318 33.447 92,767 8,959 Oiher taxes ¥d sc