FE SUSSEX IA Company Limited ty Guarantee not h3￿n8 a Share Capital) Flnandal Statemenfs For the y¢ar ¢nd¢d 31 July 2025 (harity No: 1141705 Cornpany No: 05324410 FE 5US5EX IA Company Limited by Guarantse not ha￿￿1 a Share Capltall CONTENTS Pa Trustee5' Rewrt Independè)t Examiners Report Statement of F￿anJal Activities Balance Sheet Notes to the Financial Staternents 10- 18 FE SUSSEX IA Cornparry Limited by Guarantee not ha￿ng a Share Cèpitall Trustees, Report The btsard pre5eThts the rewrt and financial 5tat¢Nnents of FE Suwx for the yÈar Ènded 31 July 2025. The 5taiements appear in the format reqwred by the Siaternent of Recommended Practice applicable 10 Charitie5 preparing their accowts in accordance with the Financial Reporting Standard applicable in the UK Repthlic of Ireland IFRS 1021 l&ffecrive l January 20191- All Irusiees are directors, rhe tru5tees' reporr is a150 a dirKtors' report as required by s.415 of the Compani* Act 21￿6. The f￿ancial staterTEnts comply vuth current Slatutory req￿re[￿ents, the Metnorandurn and Articles of 8sociatlon of rhe Company and the Statement of Recommended Pra£tice- AcCoUnt￿g and Rep)rting by Charlties In accordance the Financlal Reporring Standard IFRS 1021 leffertNe 1 January 20191. R¢f¢ren¢¢ and Administrative Information FE $￿seX Limited ￿ a reg￿tered charity number 1142705 and a company limited by guarartee not ha￿n£ a Share Capiul. registered fn England and Wale5, number 05324410. Reglstered otrictr. Chichester Colleoe Westgate Fields Chlchester West Su&sÈx P01915 Banker5= Lioyds TSB Bank PIC 10 East Sireet Chlchester Wesl ￿SSeX PO19 IFU Sollcltors.. Irwin Mitchell LLP 8runÈl HoLLse 21 Brutiswlck Place SoLrthampton aM￿hire S015 2AQ Independent examlners of flnancial staternents Lems Brownlee (chach￿ter) Limited hartered Accountants Appledram Barns 8irdham Road Chiche5re West Sussex P020 7EQ FE SUSSEX IA Company Litnited by Guarantee not ha￿ng a Share Capltall Trustees. Report (contiw)uedl Tru5tee5 & Directors Tr￿tee$ have all seNed In offKe througMut the yéar and to the date of this rw)rt. K Hucker Mr J Ker￿ell Mr W Baldvri Mr5 D Jan50n Mrs R Conroy Atr A G￿en Ms J O Clark (rèsigned 05101120261 Mr D Lodge (resigned 20151251 Unle$5 srated above, all of the Trustees are dlrettors of tie companyj and are refer￿(j to as Trustee5 throughout thi5 rewrt. STRucfuRE GOVERNANCE AND AGEM CwvernTnE Doeurnent Thè Cornpany is governed by its Memorandum and Articles of Associati)n whKh were dravm up on incorporatlon 5 January 2005, and amÈnded by special resolut%)n 14 June 2011. company Nyas rel￿Stered as a chèdty with Charities Commisson ￿ 4 July 2011. Or8anfsali¢n The TnEtees are responsible for the financlAI rnanagemer.t of the charity. If a vacancy artses the Trustees nll ensure that all skills continue to be covÈred. Th main skTILglknowiedgeJexperience req￿red are experience at a senior level in further education coll￿e ￿anagement together with knowledgÈ of Eompany legal procedures. financial and prtsjea management. Each mÈtnber (￿San￿￿tiOn is entitled to appoint one director. The dlrec¢or5 may appoint a dlrettot by ordinary resolutlon up to a mwmum of 15 directo￿. The Trustees are responsTbLÈ for the edu¢arioD and pastoral care prowded by the charfty. Mana$ement was del4ated 10 hi% J D Clark. Recnritment. InduttSon and tsainlnÉ of Truste¢5 All new T￿￿teÈ5 recelve induction on è group and on a onè to one ba515 to enswe they are familiarwiih their duti￿ arKd r*ponsibilitlÈs. All TrLtstees are CEOSlprtr￿lpèls of the rfftmber colleges of FE Sussex ￿th the exception of Ms J D Clark, who resigned frotn her post as trwiee follo￿ThA the yearend. FE SUSSEX IA Cotnpary Limited by Guarantee not having a Share Capital) Trustee5' Report Icontinuedl Rlsk a5ses5ment Formal risk a5￿$ment is made to the Tmstees on a regular bas￿ in the form of a Ril( Regtster. The charity's attiwties are low ￿Sk. No large advants purchases are madè. fverheads must align with Income. The chaAty employ5 a CEO. Other staff are contracted to projects as required. Aims Ob"ertives And sirtiMtie5 The Trust's main objectives are: IL) To promote further education in Slssex the South East, to wowde a forum for MÈmber5 to Èxchanqe ideas and information, ro develop and share best practice, to identify and itnplemenr key national, local and other agendas in the further edl￿a￿On sector and to assist Metnbers ln Interpreting ano irrpletr*nting suth ag&idas,' To rèpresent Wember5' collec¢ive vie¥%s, and to seek tD policy and d*lopment in further educatlon by all proper rfftans including act?n8 in a lobbwng role and prowdlng such prthdLfts and services a5 will assist WEmbers in the delivery of high quality further educètion serwces,. and To provide a re50urc& for the prOv￿10n of CPD. training to Members and their staff and to disseminate the r￿ultS of dlscussion, research and devÈLq)meni pro1￿1 actlvitfes to kn5ex colleges and other interestÈd parh&%. Sisnificant activitie5 this year contrfbutlhg lo the athiev¢meni of the Trust's objectives.. In the past year the trust has: Fully deliverpd the Sussex LSIF Project across all three st-ands and secured the maxlmum funding available1£4.5ml- Provfded a teaching. leamin4 and innovation conference at Su55e¥ University for over 3￿ coll%e based dellqate5- Led five Innovative cross college events in February-march 2025 with a range of hlgh profile speakers and hundreds of students engèged. Delivered ttrE strategic object of influenclng na￿onaL anc local skills a8￿d￿, through enIagerr￿nt wlth vdth Èlected policymakers and senior local authority sraff. Conrrlbute4 to a pan-sussex approach to SEND high need5 furvjing. and the colLe8es' involveinent In the Government-funded SEND through the Change Programme,. Prowded meetlr¥ for the Èxchange and peer 8rDuping of college CEOS and PrincIpa￿. + Reviewed the networks for teachers and sen1or support slatf to deliver upto-date and reEevant peer support. Princfjpal fundng sources •rtd ¢xpendlturè supportingthe key objertive5 The Charity's income has largely been thp LSIP fu￿7￿g. Th,: ￿reCtorS agreed to r￿n$tate an annual sub5CriPtion for member colleges for 2Q24125. Th15 makes ijp le55 than 10.5% of incorne. The remaining incomtr is dÉ*vÈd from the dellvery of educational projeo? fLJnded by the Department for Education. local authoriiies and district councils, ￿ a 5rnall aTnount of commercial acrswty. During the year 31 July 2025, FE Sy55ex recorded a defkit of £39,341 IZ024: £79,th)5 surplusl- FE SUSSEX IA Cornpany LimTted by Gvardntee not hairing a Share Capital) Tnjstees, Report Icontinuedl O¥y7ng to thE natu￿ of the Companys operations and the composition of the Board of DlrKtors and TrLJrees belng dravm from local coll￿e5, it 15 inevftable that trar6actions take place wtth Coll*￿ in whith thè dlrectors may have an inter*t. All transactTons involMn4 these colleges are conducted at armg length aNI in accordance wfth stondard procedure5. ew OfAchleveme*ts And Perforrnance Th& charitys focu5 in 2024125 has th@ SUCCQ5ful completknn of the SLwex iDcal SkilL8 Improvement Fund ILSIFI projects. These projects reswDded to ski115 gaps identlfied within the Local l¢ilis IMpro￿￿Ent Plan delfvered by the SussÈx Chamber of Comtnerce. The Sw4iex L51F project has achievÈd exceptlonal SLfC across all three project strands dernonstrating remarf(able adaptabity and innovar10n. Building on the £tro foundations establlshed in 2023-24, the prolett Secured ihe ma￿rnuTh fundlng avallable and s(￿esSfullY delive￿￿ all plannod outomes withln the 17 month de15¥ery perfod. The LSIF has enabled the introduoion of a ￿de range of new dlgital teaching and LÈaming technologles to b& Installed for the ber￿fit of SUS￿ ￿arners. job-sÈekers, pmpltyers and ￿der communities. 11 cross-campu5 teaching rooms aDd 4 BT immersive spaces were iD5talled. s￿c￿$ful dellvery of trwo new careers websites Icareers West Su55ex and Careers BryhtoD & Hovel replicating thè successful Careers East Sussex model. These unifotm pan-SLtsSèX guldance and have been fully 1ntegrate(J into Collegè and Local ￿*bority Systems. E()dyswaps were *gniflcantly expanded frrm the successful 2023-24 pllot and were installed on all 16 camwses of FE Sussex member coll￿eS. Over 3(NJO learner5 have èeej) Èngaged to datÈ. Th￿e ttchnoiogiÉ% faciiTrtate greater leamer engagement ￿th usually unacces5ible.real lifÈ'enYlronrnents through vfrtual reality, and also enable car*rs ￿nts, fflaster classe5 and quallfication delivery LO take place acr055 each Sussex college STmLlatneoLk%ly. FE Sussex ts partIc￿arlY proud of iauncfving the'Landed' app with LSIF funding In March 2025. 3000 students registered on the atp and ￿gaged In p5ychomeiiic rÈst5, created Cvs and were able to look for work experiÈnTr opportunitES fn Sussex. Thts èpp match&s Sussex j￿￿-SeekerS with locally available vacanties through an algorithm. The app also SUPPOfts college careers and employ8bilTty tpams to track and swwrt learrtrs job-seeking activrty and their destinat￿)0$. LandÉd has been designed in collaboratlon wfth Sussex learners. college 5raff and employers. and 15 railored towèrd5 Its locallty and ￿$seX l￿er8. Asidp from LSIF project delivery, FE Slwex sucC￿fUllY fai-illtated a ranBe of membèr collaborative activity In 2024125 through its retworks and CPD delivery. FE SUSSEX IA Company LSmlted by Guarantee not habfjng a Share Cè.pitall Trustee5' Report Icontinu&ql The charity balances a reduct1on of ￿￿th delh*ry of meanlngful attiw, through a combination of staff homeworklD8. Onl[￿ rneetlng5, and the delivery of in-ppr50n ￿twork e￿ntS for collegÈ staff and Leaders. TIE charity also contTnues to ￿%￿ge in Commer￿aL work when tt contracts with organi5atlong of a similar nature 10 provide educational *￿e5 Wh￿ ton£went wth the chartys migsion. The chamty has rÈa5onablè financial r￿ery￿ after all of Its liabilities are taken into account. Staffing and other overheads have been carefully controlled and this has er.abled the charlty to return a Oefirit. Public And Ctsrnmuni InvoEvement The Charity is dTrectly TnvolvÈd with the wider Sussex communlty and has been in contact s￿[h many SLakeholders. inciuthng un1versltiÈs, local employers and Ihe three local athhoriises durfng the dèlivery of the Sus*x Local Skills and Improvement Fund project. Public Benefit StatemeTht The Tr￿te￿ confim that they have cornpLled vrith the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commisslon'$ general 8Utdance on Fubllc beneflt, 'Charitie5 and Public Ben&fit'. All membèrs of the public have the opportunity to Wefit frorn the actTvltie5 of the charity & its aims and purpose ts to "advance further education In Sussex and the S¢uth East" (for all) through-. Pro%idEng a forum for Members to eXchar￿e ideas and information, to develop and share best practKe, to Tdentlfy and itnplement key national, local and other a4￿￿a5 In the further educatlon sector and to a5515t Members in interwetiiig and implementinL Seeking to a55iSt policy and devetoprEnt'n furthei education by all proper Tncluding actin4 In a lobbyink role- Prowding such produrts a￿1 sèmces 45 wlll as*st Metnbers in the dÈlivery of h1gh oualfty further education,. pro￿(ling a coordinated r*ource for thè protrisiort of training to Member5 and their staff,. Oitsetninating the r￿ULt% of dlsiLL4gon and rcsÈarch to interested partiÈs- and Such other rneans as thè trLtstÈe5 from time to time determlnÈ. In practice. this mean5 any member of the Plblic en8a8ee. in Fwther EdtÉation and Training- in its broadest sense- can ￿efIt through a range of 3ctiwt5es such 3$.. Improvement of teaching arO learnin8 for the benèfit af all learr*r5 on any cout5e Sn any co(lege', CoordinatlDn of courses across colleges for the benefir of learners who may bè U￿mpIOYed. hard to reach, NEEF etc. - The secumg of proiert funds to improve re50urces, facllTties and teachlng and iearnlng. tial R￿￿wAnd Result5 For The Year The chaHty delfve￿Il a deficit of £39.341 in 2024-25. un￿strIcted rèserves at 31.7.25 of £336,259 Trus￿$ remain commTtted to ￿e￿￿1n4 costs and sourcin8 nÈw income to support the charities opÈratlons. Bursaries Scholarshi s and Acte53ibili The Charlty does not award bL￿aries or scholarshi)5. The charity supwrts the open access accesslbllty a5piratlon of member colleges through its qualf¢y imprO¥￿Trent, kTh)¥viedge exchange and Tretv￿rk 8roup5 and (JÈvelopnEDt programmes. FE SUisfK IA copj.pany Limited ty Guarantee not hairing a 5haJ e Lapitall Trustees, PNeport Icontiri&Edl Re3erYe5 poIIty The unrestrtcted rèsaw of Ihe char,w alter all i5èbi11tle5 li￿th the @XCEpf1011 OT lhÈ0￿T¢1.I redundancy payments dL to SfaTf in *ent of the chan* C￿￿1n1 to openttl stand at i336,259, whictr.. Is grèatÈr thèn & yè&r's cole oper&iiRg ¢osis. The mariagemenL h4$ èxamfned the roquirernent rDr re*rve¢ and their levol. r@sul4 fr e5iablyshed a polloj herebv ]Jnre5tnc¥ed reserve5 not comm,?tt=d or invested tangible f￿*d assets should equal io ts,- exceed one i/e&r of oper3iinE expense5. For th= year 2024125 cor£ att4Wty cperatino txpenses tolhllod 18por0￿mai£Iy> u22,951 Tru51¢es are takirrg aclion to rpduce th#e corÈ costs a¥al￿t pr?jxted Incomè for 20?*2? to ensLEre tha" th2 Charity iemalrf 5&Staln3ble. M¢YbeF£' Llkbilitie5 Ag boun6 by the Articieg of tssodaLion OF the charitly wJery m*rnber of tle clantv prom Juttsriés amor,g thtmseiv#. 'IdTno up, 40d FuEurts bcveto ents The 3nfjual and three year bLsine$5 plannlns rydes of tle chdr5ty used to dtrtermln* futur* developnien:>. fi Lsi&e3 plan w cont1nue IO proiride serwce5 to m8nTL*r colleg* whi:h a."e cDTr£ruent W15Tr tF,& kev objectivel of the chbrfty- It i 3nti ipated that greaitr eFnphasT5 vril, be placed ￿pOr1 cocpèration local emplDyers, Ioc&l ￿￿Ernm*￿t and UYivÈ￿J Ttlrs 8$ & iesulr of the ryew GovtirntheDr's airns ol Tncreèkd dwolur?on and COLiabDraknon arothd skllts Pro￿£30Th. There is high- uncertèinry ovÈr future rounds of Ihe high-I'&lL4e Deparcrtbeni'ior EducatlQD ftsnding1SDF Followed by ￿1r￿-. on which FE Sussek nès relFed av2r recent years, or wheLhèr 5'mT4èr opptsrtURl¥1És ￿11 bè ¢vaialble to FE tusse" The Government's Jmmlnent Devolutlttii Whrle Paper and SkiiLt Strategi¥ wfll clarity. and level and node of op&".aiion or the cha-, ttys aciivit1ts5 Wtll be adju51ed atctsrdip.gly. pprovety¥y the Soard of Tr￿tee$ at Its meetin4 on ZO Anril x026 and sig4e& on its behalf by.- R-becca lot)roy I ch￿lf FE SUSSEX IA Company Limited by Gyarantee not having a Share CA￿tal Independent Examiners Report Indeptrndent examlner's report to the tru5t•es of FE Sussex Company) I report to the charity trLLSteÈs on my examination of ttte account5 of the Conyany for the year e￿@d 31 July 2025. RespoThsTbfllties and basfs of report As the charity's tntstees of the Company land aL%o its dTrectors for the purposes of cotnpany lawl you are responsible for the preparation of rhe accountg in accordance with the requlrement5 of thè Companies Act 2Tr)6 (the 2006 Att'I- Having satisfied myself that the acmunts of the Company are Tr)t iequred to be au1ited under Part 16 of the 2006 Act and are eligiblÈ for independent pxamlnation. I report in respect of my examinatlon of your chafitys accounts a$ carried out under section 145 of thè Charlties Att 2011 (the 2011 Art'l. In carwng out my èxamlnation I have followed the Directions gfven by Charity Commi$5ion under section 145151 Ibl of the 2011 Act. Independent examiner's statement STnce your companls gr￿s kncome ￿ceeded £250,000 your examlnÉr must be a member of a ITSted body. I can confirm that l am qtsalified to uMertake the cxamfnatTon )etause l am a reg￿tered memt*r of the A¥￿al￿On of charter￿ Certified Accountants, which is of t￿ listed bodles. I have completed my examinatlDn. I confirm thai no walle￿ have com& to my attention In ci)nne¢tion wtth the examlnatlDn giving tne caJse to tElieve.' l accourrtifig records were not kept Tn ￿pect of the Coffpany as ￿qUIred by S￿tiOn 386 of the 2006 Act,. or 2 the accounis do not accord tho* re¢ords- or 3 the accounts do not tornply vrith the accountlng reculrements of section 396 of the 2006 Act other than any requirement that thè aCco￿t5 glvc a true ar￿ fafr Mew which TS not a matter considerèd as part of an ?ndopendent examinatTOn,-,)r 4 the accounts have not been prepèred in accordance the rnethods and prynciple5 of the Staternent of Recomrnended Practice for accountinÉ and reporting by charit1¥ lapp11cable to charitFes prepa￿n£ thèir accounts in accordance wth the Finanoal Reportlng Standard applicable the UK and Republlc of IrÈlaThY IF￿ 10211. I have w concerns and have come across no other matters in Connett￿n Mth the exam￿ation to vthich attention should be drawn in this report in order to enable a pn)per understanding of thè accoufjis to be ached. Sarah Alexander FCCA FCA Lprfis 6rownleÈ ICalch￿terl Limited Chartèred Accowtants Appledrom B3ms Birdharn Road Chlchester West Su55ex P020 7EQ Date.. FE SUSSEX IA Cotnpany Lknited by G￿rantee nor having a Share Capitall Statement Of Flnancial A￿￿tIeS lincorwratin8 an Income and Exr*ndrtwe Accountl for thè year e￿ed 31 July2025 UThrestrTCted Funds 2025 Re5trftted Fund5 Ttstal Fur 2025 Totsl Funds 2024 Notè 2025 Incorne and emolumÈnt5 from: MembershSp fee5 Charitèble ￿tt￿tieS lrtve51ment income 52,094 424,923 20,259 52,094 424,923 20,259 49.50D 528.559 8,486 Total 497,276 497,276 586. 45 Expendlture on.. Charitable ￿17¥1￿e$ Govèrnance costs 534,397 2.220 534,397 2,220 505,260 2,280 Total 536.617 536,617 507.540 movement In fund$ 139,3411 79,005 Reconciliation of funds- Total funds brought forward 375,600 93,930 469.530 390,525 Total funds carried forward 13 336.259 93,930 430,189 469,530 All of the act[￿lieS are contlnulng. There Is no difference between net incoff* tor the yearstated abavè and its htstorical cost eqLrfvalent. FE SUSSEX IA Coim?&ny Limited by vuarafttee not hawns a Silare C3pitraii 31 July Z025 Company No. 05324410 Note 2025 2024 Flxed Assets Tafjglble ksets 666 Curyent Assets Debtor5 Cash at bank and in hand 796 526,302 i27.098 261.183 YQ1,860 963,042 crèilit9￿'. ainounts falllTrg due wthln one year 98,021 494,179 Net Jltr may differ from thesL¥ estimat￿. The estimates and underlwng assurnptions are rèvftved on an ongoing ba515. Revisions to aCCo￿ting e5tlmat are recogni5ed in the perfod in which the estirnate is revlsed ￿he[e the re￿$1￿n affects only that perfod. or in the period of rhe revtsSon and future ppriads where the ￿￿570￿ af-.ects trt)th cUrr￿l ark1 furure perl(#1£. 12 FE SUSSEX IA Company Limiied by Guarantee not hawng a Share Capital) Notes on fit)arKial staternents for the year *Thiled 31 July 2D15 3 Membership fees Metnbership feè Trncome represents payment5 madÈ by member Colleges io the chartty far the pro￿70n of: pro￿ding a fonjm for Members to exchange ideas and information, to develop and share ￿st practice to ident1fy and impLÈment key national, local other agendas in the further edycation sector and to ass1st Nembers Tn interpreting and Implementing such agend8S- 5&king to awst poliry and development in further education by all proper means Including acting in a lobbylng role- Prowding products and serrfcès as WTII assfst h*mbers lrt the dellvery of hTgh quality fLrther educatlon,. PrO￿ling a r￿ourCe for the pro￿5[On of training to Members and their Staff.. DT55emlnatin8 the results of dÈtU55i0n and research to Inte￿$ted partiP5,' and Such other ￿an5 as the truste￿ from time to tSme detemi'.ne. 4 Additional ¢haritable aCti￿tIeS 2025 2024 cO￿￿11anCY aClTVities CollaLK)rati¥e actlwty 7,960 416,963 524,519 424,923 528.559 5 Invostment Income 2025 2024 Inter￿t received on t￿￿ deposits 20,259 8,486 FE SUSSEX IA Compww Limited by Guarantee not h4%lng a ghar@ Capitall Notes on financial statements forthe year ended 31 July Z025 6 Breakdown of tost of charitable actI￿tieS 2025 2024 Additional Ch4rlty Acti￿￿e$ Consultancy actimties Non Pay Bad Debts 3,719 7,381 3,719 Collatorative actI￿tY 7,381 Non Pay Bad Debts J09,947 315,n4 309,947 315,774 313,666 323.155 ¢*￿ra[ Adrninistration Administration costs Staff costs Depreclation 220.378 165,857 16.188 353 220,T31 182,105 Total tsperatTns costs 534,397 505,260 7 f￿0rnance costs 20Z5 2014 Independent examiners. R*muneration Independent examination fe Taxation compliance sepvices 1,810 410 1,880 2,220 2,280 FE SUSSEX IA Company Llmlted by Guarantee nrt ha%fjn8 a Share Capital) Notes on financial 5Latements for the year ended 31 July 1025 8 Staff cp5ts 2015 2024 Salaries and wag Other pension costs 15,240 16,188 The only me￿*br of xaff left partway throu8h 2024.The average nutnber of staff emptoyed by the charity durin4 the year WÈS as follows: 2025 2024 Full time equfvalent Full time equivalent Heedcount Headcount Adtninistration No employee received emoluments in excè￿ of E6D,tX)O wr annurn. Ms J D C13rK a dlrectorltrustee who I￿7gned fdlDvring the yèar end. was seconded from a men*w CrAlege. InvoKes submllted durlng the year by the rTEMber ullé£È. irt1th1ng irrecovcrable VAT, amounted ro- 2025 2QZ4 Seconded salary and assK1ated costs11ncl VATI Invoiced e)pen5e5 145,189 4,531 149,720 130,890 2,691 133,581 15 FE SUSSEX IA Company Lfmfted by Guarantee not havtng a Share Capltall Notes on flrjancial 5taternents for the year ended 31 July 2025 9 An4ly5is of resotsrces expended 2025 2024 Total Staff co5t5 Other Depreciation Total Charitable Expendlturè Charity operating costs.. Project costs Adminlstratfon 313,666 222,598 536,264 313,666 2Z2,951 536,617 323.155 184.385 507,540 353 353 10 fanwble fixed assets Equipment Cost At 1 August 2024 Additiofts T16 799 At 31 July 2025 1,525 DepreciatiL>n At 1 August 2024 Depreciation ellminated on di5PD5&1 60 353 At 31 July 2025 413 Net book value Ar 31 July 2025 At 31 July 2024 666 16 FE SUSSEX IA Company Limited by Guaranteè not haTriw a Share Capital) Note5 on finanaai 5tatemet)ts for the year ended 31 July 2025 11 Debtors 2025 2024 Trade debtor5 Prepayments and accrued incDme 17,135 243,848 796 796 261,183 12 Crethtors Amowt5 falling due Mthin one year 2025 2024 Trade credlto Other creditors Accruals and deferred income Defer￿d Income 63,840 32,012 2,169 71,318 40,346 2.092 380,423 98,021 494,179 13 Stslement of fijnds At 1 August 2024 Income Expendlture Tra￿fer$ At 31 July 2025 Unrestricted 375,600 497,276 1536,6171 336,259 Restrirted 93,930 93.930 Total Funds 469,530 497,276 1536,6171 430,189 Cornparativ* mtsyement ITr fun At 1 Au8ust 2023 Income Expendlture Transfers At 31 July 2024 Unrestrleted 296,595 586.545 1507,5401 375.600 Restricted 93,930 93,930 Total 390,525 586,545 1507,5401 469,530 Restricted furKJs represents the net a55ets introduced by rnentÈr Colleges on Incorwr*ion less a donation of £41,742 and is repayable to the Colleges if FE s￿eX was wound up at ￿met11ne in future. 17 FE SUSS£X IA Company Limited by Guaranteè nDt hawr4 a Share Capltall Notes on financial statements for the year ended 31 July 2025 14 Anatysls of net a55ets between funds Unre5trKied Funds Restricted Ftsnd5 Total Tangible ffxed assets Current a￿etS Curront liablllties Lon4 term 15abflities 433.168 198,0211 93,930 577,098 198,0211 Total nèt ￿Sets 336,259 93,930 0,189 15 Taxatlon The company is a ￿lStered charity and, as such. is exempt from tax Lnder Settion 478 of the Corwratlon Taxes Act 2010. on the basis that income is applied for charitable FUrr￿Se5 only. 16 Related Partyrransactior The CEO, Ms J D Clark's is employed by the rnember College, Chlthester Coll¢e GroLP> and seconded to the company. Included vrithin rv)n staff costs ère £145,189 12024.. É130.8891 ￿latIng to salary> pension and relevant taxeg, incIL￿￿n4 value added tax. 17 Share Capital The company 19 lirnited by guarantee and has nts share capital. The liability Df each member in the event of wndln4-UP the comparty 15 limfted to £10. 18 Capital com￿llMent re were no capital commitwents or coDtiryent liabllities &lS at 31st July 202512024- £n111- 19 Control FE SLssex 15 under the tontrol of Tr￿tee$, 85 detailed in the Tr￿lee5, reporr. 18