What we spend and how we spend it

The College publishes Annual Accounts for the period 1 August to 31 July each year. These are approved annually at the December meeting of the Corporation and are available on application to the Clerk to the Corporation. An electronic version of the accounts (PDF) is available online free of charge. A charge of £10 will be made for a paper copy.

Turnover during the financial year 2007/08 was in excess of £44 million (£39 million in 2006/07).

The College depends on the Skills Funding Agency (SFA) for its principal funding sources, largely from recurrent grants linked to the number of learners. In 2007/08, the LSC provided over 70% of the College’s total income (75% in 2006/07). Other income is received from the Higher Education Funding Council, other state and European funding, commercial activities including Employer Training and International College.

The College generated an underlying operating surplus in the financial year 2007/08 before the required accounting treatment for a potential capital building project which produced an overall operating deficit of £636k. (surplus of £613k in 2006/07). The results excluding the expensed net costs of the early stages of the potential capital project would have been a surplus of over £1m.

The College has accumulated reserves of £8.2m in the General Income and Expenditure Reserve (after deduction of pension reserve). Cash balances at the year end were £3.8m (£3.6m. in 2006/07).

The responsibility for setting a framework for the pay and conditions of the College’s staff lies with the Corporation.

Information about staff salary scales can be obtained from the College’s Head of Human Resources.

Procedures for the procurement of goods and services are to be found in the College’s Financial Regulations, a copy of which may be obtained from the Clerk to the Corporation.

Contact Us:

The primary contact for all matters relating to the Freedom of Information Act is:

Fi Taylor
Cross College Examinations Manager
Sussex Downs College
Mountfield Road
Lewes
East Sussex
BN7 2XH

Telephone: 030 300 38357
Email: fi.taylor@sussexdowns.ac.uk

See Freedom of Information at Sussex Downs College

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