2023-08-31-accounts

Governors			5 M Barnett BScACG (Chairman)
			P Y Booth BA PGCE (Vice Chairman)
			P A Kent (FRICS —retired)
			D Kelsey
			D EJ Kittow LLB
			S Mills BSMCIM MMRS MIDM
			I Rudge (FRICS - retired)
			R J Sharp
Principal			5 Bakhtiari MA, BA, QTS
General Manager		and Company Secretary	A BWarner
Charity Number			307045
Company	Number		00875915
Registered	Office	& Principal Address	Shoreham College
			St Julian's Lane
			Shoreham-by-Sea
			West Sussex
			BN43 6YW
Auditors			TC Group
			The Courtyard
			Shoreham Road
			Upper Beeding
			Steyning
			West Sussex
			BN44 3TN
Bankers			Barclays Bank PLC
			North Street
			Brighton
			East Sussex
			BN1 1SF

			Page
Governors' Report (incorporating		the Strategic Report)	1-10
Statement ofGovernors' Responsibilities
Independent Auditor's	Report		12-16
Statement of Financial	Activities		17
Balance Sheet			18
Cash Flow Statement			19
Notes to the Accounts			20-30

					Unrestricted	Designated	Total	Total
					Funds	Funds	2023	2022
				Notes	f	f	f	f
t
Incoming resources from generated			funds
Donations					1,184		1,184	6,467
Lettings income					6,649		6,649	4,222
Bank interest					59,571		59,571	5,385
Charitable activities				3	5,645,891		5,645,891	5,064,262
Total income					5,713,295		5,713,295	5,080,336
di«
Charitable activities
Education					5,173,188		5,173,188	4,723,755
Total expenditure					5,173,188		5,173,188	4,723,755
Net income					540,107		540,107	356,581
Transfer between		funds		12	(250t000)	250,000
Net movement	In	funds			290,107	250,000	540,107	356,581
Fund balances	at	1September 2022			8,093341	1,525,000	9,618+41	9,261,760
Fund balances	at	31August 2023		13	Bt383t448	1775t000	lot158448	9 618 341

						2023		2022
					Notes
Fixed assets
Tangible assets							5,207i621		5,279,318
Current assets
Stocks						26,638		29,284
Debtors					8	1,626,402		1,453,239
Cash at bank		and	in	hand		5,7S8,181		5,006,948
						7i441,221		6,489,471
Creditors: amounts				falling due within one	9	(2,490,394)		(2,150,448)
year
Net current	assets						4,950,S27		4,339,023
Net assets							10,158,448		9,618,341
Income funds					13
Unrestricted		funds:
Designated	funds				12		1,775,000		1,525,000
Other charitable			funds				8383,448		8,093,341
							10,158,44S		9,618,341

						2023 f	2022f
Gross school fees						5,703,254	5,052,501
8ursaries, scholarships		and	discounts			(220,658)	(144,700)
Net school fees						5,482,596	4,907,801
Minibus income						125,815	109,085
Extras						36,790	43,954
Sundry Income						690	3,422
Net school fees						5,645,891	5,064,262
4. Total expenditure
			Staff costs	Depreciation	Other	Total	Total
			f		Costs	2023	2022
					E	6	E
Charitable activities
Education
Teaching costs			3,124,589	34,706	109,663	3,268,958	2,972,831
Welfare costs					493,835	493,835	401,203
Premises costs			264,861	147,824	345,749	758,434	711,043
Support costs			415,857		236,104	651,961	638,678
Total charitable	activities		3,805,307	182,530	1,185,351	5,173,188	4,723,755
Total expenditure			3,805,307	182,530	1,185,351	5)173)188	4,723,755

equivalent em	ployees during the year was:
		2023	2022
		Number	Number
Teaching			41
Non-teaching		34	35
Total		76	76
Employment	costs	2023	2022
Wages and salaries		3,004,017	2,741,231
Social security	costs	301,914	274,602
Other pension	costs	499,376	465,975
		3,805,307	3,481,808

2023	2022
Number	Number

7. Tangible fixed assets
Cost	Land and buildings	Fixtures, fittings & equipment	Total
	6	E
At 1September 2022	7,502,998	647,852	8,150,850
Additions	14,716	96,117	110,833
At 31August 2023	7,517,714	743,969	8,261,683
Depreciation
At 1September 2022	2,289,415	582,117	2,871,532
Charge for the year	147,824	34,706	182,530
At31August 2023	2,437,239	616,823	3,054,062
Net book value
At 31August 2023	5080i475	127i146	Si207i621
At 31August 2022	5,213,583	65,735	5,279,318

8. Debtors
		2023	2022
Trade debtors		1,582,793	1,413,804
Prepayments	and accrued income	43,609	39,435
		1,626,402	1,453,239

9. Creditors: amounts falling due within one year
	2023	2022
	f	f
Trade creditors	114,422	67,582
Taxes and social security costs	79,533	68,391
Feesin advance	2,059,677	1,829,720
Fee deposits	116,800	113,350
Other creditors	119,962	71,405
	2,490,394	2,150,448

					Movement In Funds	Movement In Funds
			1	Balance at September 2022	incoming Resources	Resources Expended	Transfers	Balance at 31August 2023
Capital	Development	Fund		1,525,000			250,000	1,775,000
				1,525,000			250 000	1~775p000

					Unrestricted	Designated	Total
					funds	funds
Fund balances	at31August 2023 are		represented	by:
Tangible fixed	assets				5,207,621		5,207,621
Current assets					5,666,221	1,775,000	7,441,221
Creditors: amounts		falling due within	one year		(2,490,394)		(2,490,394)
					8,383,448	1,775,000	10,158,448
					Unrestricted	Designated	Total
					Funds	funds
Comparative	Fund	balances at31August 2022 are
represented by: Tangible fixed assets Current assets					5,279,318 4,964,471	1,525,000	5,279,318 6,489,471
Creditors: amounts		falling due within	one year		(2,150,448)		(2,150,44S)
					8,093,341	1,525,000	9,618,341

14. Net cash inflow	/(o	utflow) from operating activities
			2023	2022
Reconciliation to changes in resources			f	6
Net income			540,107	356,581
Interest received			(59,571)	(5,385)
Depreciation oftangible fixed assets (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease)ln creditors			182,530 2,646 (173,163) 339,946	182,823 326 (107,101) 228,295
			832,495	655,539

15. Reco	nciliation ofnet cash flow to movement In n	et funds
		2023	2022
		f	E
Movement	in net funds	781,233	585,973
Net funds	at 1September 2022	5,006,948	4,420,975
Net funds	at31August 2023	5,788,181	5,006,948

						At 1 September 2022	Cash flaw	Non-cash changes	At 31August 2023
						6	f		6
Cash	at	bank	and	in	hand	5,006,948	781,233		5,788,181
						5,006,948	781,233		5,788,181

At 31August 2023 the company had total commitmen follows;	ts under non-cancellable operating lea	ses as
	2023	2022
	f	E
Expiry date;
Within one year	26,508	54,664
Between two and five years	15,456	41,964