REGISTERED COMPANY NUMBER: 05324410 (England and Wales)

REGISTERED CHARITY NUMBER: 1142705

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

FE SUSSEX

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

Notes to the Financial Statements

9

to

16

The board presents the report and financial statements of FE Sussex for the year ended 31 July 2025. The statements appear in the format required by the Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). All trustees are directors, the trustees’ report is also a directors’ report as required by s.415 of the Companies Act 2006.

The financial statements comply with current statutory requirements, the Memorandum and Articles of Association of the Company and the Statement of Recommended Practice - Accounting and Reporting by Charities in accordance with the Financial Reporting Standard (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust's main objectives are:

1.

To promote further education in Sussex and the South East, to provide a forum for Members to exchange ideas and information, to develop and share best practice, to identify and implement key national, local and other agendas in the further education sector and to assist Members in interpreting and implementing such agendas;

2.

To represent Members' collective views, and to seek to assist policy and development in further education by all proper means including acting in a lobbying role and providing such products and services as will assist Members in the delivery of high quality further education services; and

3.

To provide a resource for the provision of CPD, training to Members and their staff and to disseminate the results of discussion, research and development project activities to Sussex colleges and other interested parties.

Significant Activities

In the past year the trust has:

- Fully delivered the Sussex LSIF Project across all three strands and secured the maximum funding available (£4.5m);

- Provided a teaching, learning and innovation conference at Sussex University for over 300 college based deligates;

- Led five innovative cross college events in February - March 2025 with a range of high profile speakers and hundreds of students engaged;

- Delivered the strategic object of influencing national and local skills agendas, through engagement with with elected policymakers and senior local authority staff;

- Contributed to a pan-Sussex approach to SEND high needs funding, and the colleges' involvement in the Government-funded SEND through the Change Programme;

- Provided meetings for the exchange and peer grouping of college CEOs and Principals;

- Reviewed the networks for teachers and senior support staff to deliver up-to-date and relevant peer support.

Public benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. All members of the public have the opportunity to benefit from the activities of the charity as its aims and purpose is to advance further education in Sussex and the South East" (for all) through:

1.

Providing a forum for Members to exchange ideas and information, to develop and share best practice, to identify and implement key national, local and other agendas in the further education sector and to assist Members in interpreting and implementing;

2.

Seeking to assist policy and development in further education by all proper means including acting in a lobbying role;

3.

Providing such products and services as will assist Members in the delivery of high quality further education;

4.

Providing a coordinated resource for the provision of training to Members and their staff;

5.

Disseminating the results of discussion and research to interested parties; and

6.

Such other means as the trustees from time to time determine.

In practice, this means any member of the public engaged in Further Education and Training - in its broadest sense - can benefit through a range of activities such as:

- Improvement of teaching and learning for the benefit of all learners on any course in any college;

- Coordination of courses across colleges for the benefit of learners who may be unemployed, hard to reach, NEET etc.

- The securing of project funds to improve resources, facilities and teaching and learning.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity's focus in 2024/25 has been the successful completion of the Sussex Local Skills Improvement Fund (LSIF) projects. These projects responded to skills gaps identified within the Local Skills Improvement Plan delivered by the Sussex Chamber of Commerce. The Sussex LSIF project has achieved exceptional success across all three project strands demonstrating remarkable adaptability and innovation. Building on the strong foundations established in 2023-24, the project secured the maximum funding available and successfully delivered all planned outcomes within the 17 month delivery period.

The LSIF has enabled the introduction of a wide range of new digital teaching and learning technologies to be installed for the benefit of Sussex learners, job-seekers, employers and wider communities. 11 cross-campus teaching rooms and 4 BT immersive spaces were installed. Successful delivery of two new careers websites (Careers West Sussex and Careers Brighton & Hove) replicating the successful Careers East Sussex model. These provide uniform pan-Sussex guidance and have been fully integrated into College and Local Authority Systems.

Bodyswaps were significantly expanded from the successful 2023-24 pilot and were installed on all 16 campuses of FE Sussex member colleges. Over 3000 learners have been engaged to date. These technologies facilitate greater learner engagement with usually inaccessible 'real life' environments through virtual reality, and also enable careers events, master classes and qualification delivery to take place across each Sussex college simultaneously.

FE Sussex is particularly proud of launching the 'Landed' app with LSIF funding in March 2025. Over 3000 students registered on the app and engaged in psychometric tests, created CVs and were able to look for work experience opportunities in Sussex. This app matches Sussex job-seekers with locally available vacancies through an algorithm. The app also supports college careers and employability teams to track and support learners job-seeking activity and their destinations. Landed has been designed in collaboration with Sussex learners, college staff and employers, and is tailored towards its locality and Sussex users.

Aside from LSIF project delivery, FE Sussex successfully facilitated a range of member collaborative activity in 2024/25 through its networks and CPD delivery.

The charity balances a reduction of overheads with delivery of meaningful activity, through a combination of staff homeworking, online meetings, and the delivery of in-person network events for college staff and leaders.

The charity also continues to engage in commercial work when it contracts with organisations of a similar nature to provide educational services where congruent with the charity's mission.

The charity has reasonable financial reserves after all of its liabilities are taken into account. Staffing and other overheads have been carefully controlled and this has enabled the charity to return a deficit.

Public and Community Involvement

The Charity is directly involved with the wider Sussex community and has been in contact with many stakeholders, including universities, local employers and the three local authorities during the delivery of the Sussex Local Skills and Improvement Fund project.

FINANCIAL REVIEW

Financial position

The charity delivered a deficit of £39,341 in 2024-25. Unrestricted reserves at 31.7.25 of £336,259. Trustees remain committed to reducing costs and sourcing new income to support the charities operations.

Bursaries, Scholarships and Accessibility

The Charity does not award bursaries or scholarships. The charity supports the open access accessibility and aspiration of member colleges through its quality improvement, knowledge exchange and network groups and development programmes.

Principal funding sources

The Charity’s income has largely been the LSIP funding. The Directors agreed to reinstate an annual subscription for member colleges for 2024/25. This makes up less than 10.5% of income. The remaining income is derived from the delivery of educational projects funded by the Department for Education, local authorities and district councils, and a small amount of commercial activity.

During the year ending 31 July 2025, FE Sussex recorded a deficit of £39,341 (2024: £79,005 surplus).

Owing to the nature of the Company's operations and the composition of the Board of Directors and Trustees being drawn from local colleges, it is inevitable that transactions will take place with colleges in which the directors may have an interest. All transactions involving these colleges are conducted at arms length and in accordance with standard procedures.

Reserves policy

The unrestricted reserves of the charity after all liabilities (with the exception of theoretical redundancy payments due to staff in the event of the charity ceasing to operate) stand at £336,259, which is greater than a year’s core operating costs.

The management has examined the requirement for reserves and their level. As a result it has established a policy whereby unrestricted reserves not committed or invested in tangible fixed assets should be equal to or exceed one year of operating expenses. For the year 2024/25 core activity operating expenses totalled (approximately) £222,951including administration payroll.

Trustees are taking action to reduce these core costs against projected income for 2024-25 to ensure that the Charity remains sustainable.

Members' liabilities

As bound by the Articles of Association of the charity, every member of the charity promises, if the charity is dissolved while he or she or is a member or within twelve months after he or she or it ceases to be a member, to contribute such sum (not exceeding £10) as may be demanded of him or her or it towards the payment of the debts and liabilities of the charity incurred before he or she or it ceases to be a member, and of the costs charges and expenses of winding up, and the adjustment of the rights of the contributories among themselves.

FUTURE DEVELOPMENTS

The annual and three year business planning cycles of the charity are used to determine future developments. Trustees plan to continue to provide services to member colleges which are congruent with the key objectives of the charity. It is anticipated that greater emphasis will be placed upon cooperation with local employers, local government and universities as a result of the new Government's aims of increased devolution and collaboration around skills provision. There is high uncertainty over future rounds of the high-value Department for Education funding (SDF followed by LSIF), on which FE Sussex has relied over recent years, or whether similar opportunities will be avaialble to FE Sussex. The Government's imminent Devolution White Paper and Skills Strategies will bring clarity, and level and mode of operation of the charity's activities will be adjusted accordingly.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Company is governed by its Memorandum and Articles of Association which were drawn up on incorporation 5 January 2005, and amended by special resolution on 14 June 2011. The company was registered as a charity with the Charities Commission on 4 July 2011.

Organisation

The Trustees are responsible for the financial management of the charity. If a vacancy arises the Trustees will ensure that all skills continue to be covered. The main skills/knowledge/experience required are experience at a senior level in further education college management together with knowledge of company legal procedures, financial and project management.

Each member organisation is entitled to appoint one director. The directors may appoint a director by ordinary resolution up to a maximum of 15 directors.

The trustees are responsible for the education and pastoral care provided by the charity. The day-to-day management was delegated to Ms J D Clark.

Recruitment, induction and training of trustees

All new Trustees receive induction on a group and on a one to one basis to ensure they are familiar with their duties and responsibilities.

All Trustees are CEOs/principals of the member colleges of FE Sussex with the exception of Ms J D Clark, who resigned from her post as trustee following the year end.

Risk management

Formal risk assessment is made to the Trustees on a regular basis in the form of a Risk Register. The charity’s activities are low risk. No large advance purchases are made. Overheads must align with income. The charity employs a CEO. Other staff are contracted to projects as required.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05324410 (England and Wales)

Registered Charity number

1142705

Registered office

C/o Chichester College

Westgate Fields

Chichester

West Sussex

PO19 1SB

Trustees

Mr W J Baldwin

Ms J D Clark (resigned 5/1/2026)

Ms R K Conroy

Mr A B Green

Mr K J Hucker

Ms D Janson

Mr J A Kerswell

Mr D Lodge (resigned 20/5/2025)

Independent Examiner

Sarah Alexander FCCA FCA

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

Solicitors

Irwin Mitchell LLP

Brunel House

21 Brunswick Place

Southampton

Hampshire

SO15 2AQ

Bankers

Lloyds TSB Bank Plc

10 East Street

Chichester

West Sussex

PO19 1HJ

Approved by order of the board of trustees on 20 April 2026 and signed on its behalf by:

Ms R K Conroy - Trustee

Independent examiner's report to the trustees of FE Sussex ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Alexander FCCA FCA

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

29 April 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

52,094

-

52,094

49,500

Charitable activities

4

Charitable Activities

424,923

-

424,923

528,559

Investment income

3

20,259

-

20,259

8,486

Total

497,276

-

497,276

586,545

EXPENDITURE ON

Charitable activities

5

Charitable Activities

534,397

-

534,397

507,540

Other

2,220

-

2,220

-

Total

536,617

-

536,617

507,540

NET INCOME/(EXPENDITURE)

(39,341

)

-

(39,341

)

79,005

RECONCILIATION OF FUNDS

Total funds brought forward

375,600

93,930

469,530

390,525

TOTAL FUNDS CARRIED FORWARD

336,259

93,930

430,189

469,530

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

1,112

-

1,112

666

CURRENT ASSETS

Debtors

12

796

-

796

261,183

Cash at bank

432,372

93,930

526,302

701,860

433,168

93,930

527,098

963,043

CREDITORS

Amounts falling due within one year

13

(98,021

)

-

(98,021

)

(494,179

)

NET CURRENT ASSETS

335,147

93,930

429,077

468,864

TOTAL ASSETS LESS CURRENT LIABILITIES

336,259

93,930

430,189

469,530

NET ASSETS

336,259

93,930

430,189

469,530

FUNDS

14

Unrestricted funds

336,259

375,600

Restricted funds

93,930

93,930

TOTAL FUNDS

430,189

469,530

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 April 2026 and were signed on its behalf by:

Ms R K Conroy - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

The financial statements have been prepared on a going concern basis as the members are satisfied that the charity will have adequate resources to meet its liabilities as they fall due for a period of at least 12 months from the date of signing of these accounts.

Company status

The Charity is a company limited by guarantee not having a share capital. The members of the company are the trustees named on page 2. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

Income

Income is the total amount receivable by the Charity in the ordinary course of the Charity's activities with outside customers for services provided, excluding VAT and trade discounts were applicable.

Income from grants, contract, membership fees and other services rendered is included to the extent of the completion of the contract or service concerned.

Expenditure

Resources expended are accounted for on an accrual basis.

Expenditure is analysed into such categories as to reasonably enable the user to gain an appreciation of the Charity's expenditure during the year.

Governance costs comprise the cost of running the Charity, including strategic planning for its future development, also external independent examination, any legal advise and costs of complying with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

The company is a registered charity and, as such, is exempt from tax under section 478 of the Corporation taxes Act 2010, on the basis that income is applied for charitable purposes only.

Fund accounting

Unrestricted funds are defined as income realised or generated for the objectives of the Charity without further specified purpose and which are available as general funds.

Restricted funds are to be used for specific purposes as laid down by the donor.

Expenditure which meets these criteria, will be identified to the fund.

Designated funds are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Funds transfers

Resources are transferred from Unrestricted Funds to Restricted Funds where expenditure meeting the criteria laid down by a donor of a restricted income exceeds this income.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Interest receivable

All income from short-term deposits is credited to the profit and loss account in the period in which it is earned on a receivable basis.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumption about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised where the revision affect only that period, or in the period of the revision and future periods

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Membership fees

52,094

49,500

Membership fee income represents payments made by member Colleges to the charity for the provision of:

- Providing a forum for member to exchange ideas and information, to develop and share best practice to identify and implement key national, local and other agendas in the further education sector and to assist Members in interpreting and implementing such agendas;

- Seeking to assist policy and development in further education by all proper means including acting in a lobbying role;

- Providing such products and service as will assist Member in the delivery of high quality further education;

- Providing a resource for the provision of training to Members and their staff;

- Disseminating the results of discussion and research to interested parties; and

- Such other means as the trustees from time to time determine.

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

20,259

8,486

4.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Consultancy activities

Charitable Activities

7,960

4,040

Collaborative activities

Charitable Activities

416,963

524,519

424,923

528,559

5.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

note 6)

£

Charitable Activities

534,397

6.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

-

16,188

Consultancy activities

3,719

7,381

Collaborative activities

309,947

315,774

Administration costs

220,378

165,857

Depreciation

353

60

534,397

505,260

7.	SUPPORT COSTS

2025

2024

£

£

Independent examination fees

1,810

1,880

Taxation compliance services

410

400

2,220

2,280

8.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Independent examination fee

1,810

1,880

Taxation compliance services

410

400

Depreciation - owned assets

353

60

9.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.

10.	STAFF COSTS

2025

2024

£

£

Wages and salaries

-

15,240

Other pension costs

-

948

-

16,188

The average monthly number of employees during the year was as follows:

2025

2024

Administration

-

1

No employees received emoluments in excess of £60,000.

Ms J D Clark, a director/trustee who resigned following the year end, was seconded from a member College. Invoices submitted during the year by the member college, including irrecoverable VAT, amounted to:

2025

2024

£

£

Seconded salary and associated costs (incl VAT)

145,189

130,890

Invoiced expenses

4,531

2,691

149,720

133,581

11.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2024

726

Additions

799

At 31 July 2025

1,525

DEPRECIATION

At 1 August 2024

60

Charge for year

353

At 31 July 2025

413

NET BOOK VALUE

At 31 July 2025

1,112

At 31 July 2024

666

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

17,335

Prepayments and accrued income

796

243,848

796

261,183

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

63,840

71,318

Other creditors

32,012

40,346

Accrued expenses

2,169

2,092

Deferred income

-

380,423

98,021

494,179

14.	MOVEMENT IN FUNDS

Net

movement

At 1/8/24

in funds

At 31/7/25

£

£

£

Unrestricted funds

General fund

375,600

(39,341

)

336,259

Restricted funds

Restricted fund

93,930

-

93,930

TOTAL FUNDS

469,530

(39,341

)

430,189

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

497,276

(536,617

)

(39,341

)

TOTAL FUNDS

497,276

(536,617

)

(39,341

)

Comparatives for movement in funds

Net

Prior year

movement

At 1/8/23

adjustment

in funds

At 31/7/24

£

£

£

£

Unrestricted funds

General fund

390,525

(93,930

)

79,005

375,600

Restricted funds

Restricted fund

93,930

-

-

93,930

TOTAL FUNDS

484,455

(93,930

)

79,005

469,530

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

586,545

(507,540

)

79,005

TOTAL FUNDS

586,545

(507,540

)

79,005

A current year 12 months and prior year 12 months combined position is as follows:

Net

Prior year

movement

At 1/8/23

adjustment

in funds

At 31/7/25

£

£

£

£

Unrestricted funds

General fund

390,525

(93,930

)

39,664

336,259

Restricted funds

Restricted fund

93,930

-

-

93,930

TOTAL FUNDS

484,455

(93,930

)

39,664

430,189

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,083,821

(1,044,157

)

39,664

TOTAL FUNDS

1,083,821

(1,044,157

)

39,664

Restricted funds represent the net assets introduced by member Colleges on incorporation less a donation of £41,742 and is repayable to the Colleges if FE Sussex was wound up at sometime in the future.