REGISTERED CI)MPANY NUMBEIL. 02772914 (England and Wales)
REGISTERED CIIARiTY NUMBEIL. 1048090
REN)RT OF THE TRUSTEKS AND
FINANCIAL STATEMEiYTS FOR THE YEAR ENDED 31ST MARCH 2024
FOR
BUSINKSS EDUCATION PARTNERSHIP
LTD
Chegwidden & Co
ststutory Audito
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

BUS
LTD
L STATEMENTS
earended 31st Ma￿h 2024
forthe
Re￿rt of the Th￿tee$
Rep)rt of the Indepemlent Athlito
Slatement or￿nancIal Activities
Balance Sheet
Ca9h Flow Statement
io
Notss to the Cash Trlow Statement
li
Noles to the TrIn￿￿1#1 Ststsments
12 to 20
Delailed Stalement of TrIDaneial Activities
21 to 22

BUSINLS
EDUCATION PAKThEKSHtp
LTD
REFoI¥f OF THE TRUST
ended 31st Mwrh 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, p￿sent their report with the
fmancial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Finall¢i& Rq)orting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019).
This report has be¢n p￿pared in accordance with the provisions applicable to wmpanie5 entitled to the small companies
ex¢mption.
Objectives and aims
The primary objectxves of the charity are to bring businesses. education and the wider community together to help young
people aged between 14 and 19 to develop their employability skills and help those aged between 18 and 40 to develop skills
to secure employment.
The charity provide5 these servirxs across a wide area including Barking & I>agenham, Havering, Redbridge. Waltham
Forest (in Fast t￿ndon) and Fssex (including Thurrock and Southend-on-Sea}.
l*blie Jxnefit ￿qu￿￿￿ellts
We have referred to the guidance contained in the Charity Commission's genera] guidance on public benefit wh¢n reviewing
our aims and objectives and in planntng our fjJtur¢ actlvities.
The trusfres consider that the charity's prime objective, the advancement of education and employmenL meds the Charity
Commission's main principles for public benefiL
Significant activities
The rharity invests all income, grdnts and donations into providing its service5. Th¢ main projects and activities are:
WO￿ ex￿rie
The worf( experience service was suspended throughout the Covid-19 Pandemic, restarting in January 2022. Since the
restarl the service has continued to grow. with mole and more new schools deciding to fully or part fund work experience
placements for their learners. Work Experience is seen as part of a young pe￿￿'S education and in the 23r24 academic year
around 5,800 young people benefitted from a work eX￿rience placement vetted and managed by BEP Group (up from just
over 3,000 placements in the previous year}. Currently> work experience staff work at still wod(ing from home. A new lease
for a c¢ntrdl work experience office in Chelmsford is currently being fmalised to enable the establishment of pernianent base
for the work experience team. This is du¢ to open in the sun]mer temi.
Alternattve Education
BEP Group deliver alternative education via our Independent SchooL BEP Academy. Approximately 40 schools and 5 Local
Authorities across Essex and East London refer young people to our school every yeu. We have two sites - Romford and
Basildon. with Romford having a slightly larger capacity. Children who, for whatever reason are not succeeding in
main-stream schi)oL may be referred to BEP Academy.
Sthdents can spend part of the week studying for CO￿ GCSES or Functional Skills (depending on their year group andlor
level) in English, Maths and ICT. Personal and Social Development courses and vocational COUTses are also availabl4
together with work experienc¢ (for up to two days-a-week) for those children who would benefit.
All young people on the programme are assigned a personal Key Worker who off¢rs m¢ntoring supporL iDfoTmatioo advice
and guidance OAG) and signposting to oth¢r support agencieslexperts.
Without this provision some students would become disaffected disengaged or NEEf (Not in Education, Employment or
Training) and fail to reach their pot¢ntial.
In February 2023, BEP academy was subject to our second full Ofsted Inspection. We were, for the second lime, grdded
good for all &8sessed are&8, achieved g(￿￿ overall and it was confmed that BEP Group m¢ets all the Independent School
Page I

BUSINESS EDUCATION PARTNERSHIP
LTD
RElX)Kr OF THE IRUSTEFS
forthe earended 31st 2024
NANCIAL REVIEW
ResoU￿e5 expended
Resou￿e$ are allocated to direct ¢haritable expenditure on a specific basis. Where no basis exists, or where costs are
attributable to more than one activity, expenditure is apportioned across cost categories b&8ed on resources used on those
activities.
incl￿1 funding souwes
Funding for Work Related Learning (including pre-16 work experience) was withdrawn by the Government in March 2011.
Schoo15 now m¢et th¢ full cost of WO￿ experience provision. Schools also continue to meet the ￿11 cost of the alternative
education provision.
Reseryes w•llcy
At the 3 1st March 2024 the reserves of BEP equated to approximately 3 months of expenditure. The trustees have agreed a
m&ximum level of reserves to be set at a m&ximum of 12 months of expenditure to ensure the charity can meet its contractual
obligations to schools and particularfiy young people on prO￿amm¢S lasting one year.
Results forthe year
The charity h&s made a modest surplLs for the year. Income from fees charged to provide young people with their education
have increased from £1,362k to £1,657k. We have a180 invested heavily in new staff as we Continue to expand.
FIJTURE PLANS
The overdll aims and objectives of the charity remain the sarn¢. Over the ncxt y¢ar the charity will aim to:
- Continue to provide a high-quality service to schools and students.
- Engage schools and students in work experience.
Governing document
Business Education Partnership (UK) Limited is a charitable company contr()Il¢d by its govemitig document limited by
guarantee, as defined by the Companies Act 2006. The charity is constithted under a Memorandum of Association dated
12th June 1995
Recrnifment and apy)Intment of new t￿￿1¢¢S
The management of the charity is the ￿SponsIbl]ty of the trLL8tees, who are elected and COwOPted under the tern]s of the
Articles of Association.
EanlsAlional slnwtsllE
The board trustees meet a minimum of 3 times per year. All resolutions are decided by a show of hands requiring a majority
vote to be passed. In the event of a tie, the chairman has the casting vote.
The trustees delegate the day to day management of the charity to Kelly Sims, the company secretary. He gives feedback on
the charitys activities at board meetings and liaises regularly with the ttvstees to keep them infornied.
Induclion and tiaining of new tnLStees
Where there is a requirement for new trustees. these would be identified and appointed by the existing trnstees. The chair of
the ljustees ensures that new trustees are aware of their responsibilities. the governing documents, the history of the charity
and its objects and adiviti¢s. In addition to visiting the charity's offices to meet the employees and oificers of the company, a
new trustee will receive a copy of the previous y¢aVs annual report and accounts and a copy of the Charity Conmiission
leaflet "The Essential Trustee: What you need to know"
Related tArties
Where a trustee of the ch&ity holds a senior position with any of its funders. there will be involvement with any discussions
but not in the ultimate decision makin&
Page 2

BUSINESS EDUCATION PARTNERSHIP
LTD
RKFf)Kr OF THE TRUSTEFS
forthe
earended 31st Ma￿h 2024
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls
are in place to provide reasonable &ssurance against fraud and error.
The significant external risk Is the with(trawal or reduction in future funding an4 in view of this, plans have been developed
for the divwsification of fimding and a¢tiviÈi¢s.
Internal risks are Minim￿ by the implementation of procedures for the authorisation of all transactions and projects to
ensure th¢ consistent quality of delivery of all activities. These procedures are regularly reviewed to ensure that they
continue to meet the needs of the ckthrity.
REVERKNCE AND ADMINJSTRATIVE DETA￿s
Resists￿1 Company
02772914 (England and Wales)
Regislernl ChaAty number
1048090
RegisteTrd office
Priestley House
Prlstley Gardens
Chadwell Heath
Romford
Essex
RM6 4SN
ThLstses
K A Byford
D Lagdon (resigned 81112024)
R A Turbefield
S J Will<s
Company seC￿lary
K Sims
Audito
Chegwidden & Co
Statutory Auditors
Chartered Accountants
Priestl¢y House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN
TRUSTELS, RKSIY)NSIBILTfY STATEMENT
The tmsfres (who are also the directors of Business Education Partnership (UK) Ltd for the purpos¢s of company law) are
responsible for preparing the Report of the Trust¢es and the fmancial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Gen¢rnlly A¢c¢pted Accounting Practice).
Page 3

BUSINLSS EDUCATION PAi¥fN
LTD
REK)RT OF IHE TRUSTELS
forthe
earen
d 31st Mwrh 2024
TRUSTEFS, RFSTYJYSIBltllY STATEMENT. continued
Company law requires the trustees to pwyare fmancial statements for each financial year which give a true and fair view of
the state of affai￿ of the charitable company and of the incoming resources and application of resourc￿ including the
income and expenditure. of the charitable company for that perio￿ In preparlng those fu￿1claI statements. the trustees are
required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP;
make judgements and estimates that reasonable and prudent.
prepare th¢ fmancial statements on the going concern basis unless it is inappropriate to pre5um¢ that the charitable
company will continue in business.
The trusfres are responsible for keeping prnper accounting records which disclose with reasonable acaracy at any time the
financial position of the clwttable company and to enable them to ensure that the financial statements comply with the
Companies Act 2(M)6. They are also responsible for safeguarding the &8sets of the chaTitabl¢ company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as thc trustees are aware:
there is no relevant audit inforniation of which the charitable compan￿$ auditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomiation
and to establish that the auditors are aware of that infonnation.
AUDrroRS
Each of the persons who is a t￿￿tre at the date of approval of this rep)rt cOnfirn￿ that:
so far &8 they aware, ther¢ is no relevant audit inforniation of which the charity's auditor is unawaTe' and
they have taken all steps that they ought to have thk¢n as a trust¢e to make th¢mselves aware of any relevant audit
information and to establish that the Ch￿ltyS auditor is aware of that inforniation.
The auditOT4 Ch¢gwidden & Co, will be proposed for re-appoit)tment at the forthcoming ADnual G¢n¢ral M¢eting ID
accordance with section 487 of the Companies Art 2006.
Approved by orderof the boaNI of trustees on....... ...................... ... .......... andsigned on its behalf by."
S J Wi]ks- Trustee
Page 4

REIY)RT OF THE INDEPENDENT AuDr￿Rs ID THE MEMBEiiS OF
BUSINLS
KDUCATION PAI￿NERSHIP
LTD
(*inion
We have audited the fmancial statements of Bustness Education Partnership (IJK) Ltd (the 'chaTitable company,) for the year
¢nded 3 1st March 2024 which comprise the Statement of Ftnancial Activities, the Balance SheeL the Cash Flow Statement
and notes to the fmancial ststements, including a sumtnary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Prartice).
In our opinion the fman¢ial statements:
give a true and fair view of the state of the charitable company's affairs &s at 31st March 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ende(L'
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with the requiretnents of the Companies Act 2006.
Basis foropinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are fiffther described in the Auditors, responsibilities for the audit of the financial
statements section of our report. We are independ¢nt of the charitable company in accordance witb th¢ ¢thicaI requirements
that are relevant to our audit of the fmancial statements in the UK including the FRC'S Ethical Standard. and we have
fulfilled our other ethicaI responsibilities in a¢cordance with the￿ requirements. We bclicve that the audit evidenc¢ w¢ have
obtained is sufficient and appropriats to provide a basis for our opinion.
Conclusio￿8 ￿latIng tn going concern
In auditing the financial statements, we have concluded that the trustees, use of the going Concern basis of accounting in the
Prep￿ZtiOn of the fmancial statements is appropriate.
Based on the work we have performe(L we have not identified any material uncertainties relating to events or conditions th
individualty or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for
a period of at least twelve months from when the financial statements are autbortsed for issue.
Our responsibilities and the responsibilities of the truste¢s with respect to going concern are described in the relevant
sections of this report.
(M￿rin[on￿all0n
The trustees are responsible for the other inforniatlon. The other ]nforn￿tiOn comprises the inforniation included in the
Annual Report, other than the flnancial statements and our Rep)rt of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other inforniation an¢ except to the extent otherwise explicitly
stated in our report, we do not express any forni of assurance conclusion thereon.
In connection with our audÈt of the financial statements, our r¢5ponsibility is to read the other inforniation an￿ in doing so.
consider whether the other inforniation is mafrrially inconsistent with the f￿ancIal statements OT our knowledge obtained in
the audit or otherwtse appewB to be materially misstated If we identify such material inconsistencies or apparent material
misstatements, we are required to dete￿Ine whdher this gives ris¢ to a material misstatem¢nt in the financial statements
themselves. If, based on the we have perforEne(L we conclude that there is a material misstatement of this other
inforn￿tion, we are required to report that facL We have nothing to report in this regard.
Opiniotts on otherDthTr pTrserilRd by the Compnies Act2(M)6
In our opinion, based on the work undertaken in the course of the audit:
the infomiaÈion given in the Report of the Trustees for the financial year for which the fll)ancial statements are prepared is
consistent with the financial statements" and
the Report of the Tn￿te¢S has been prepa￿d in accordance with applicable legal requirements.
Page 5

REFf)RT OF THE INDEPENDENT AUDrroiis TO THE IIqEMBEiIS OF
BUSINESS EDUCATION PARTNEIiS
LTD
MAttets on Ivhieh we Nui￿1 to by exee￿lOn
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the
audiL we have not identified material misstst¢m¢nts in the Report of the Trustees.
We have nothing to retx)rt in Tesp¢ct of the following matters where the Companies Act 2006 requires us to rewrt to you if,
in our opinion:
adequat¢ ￿oUnting records have not been kept or retums adequate for our audit have not been received from branches
not visited by us. or
the financial statements are not in agreement with the accounting records and returns" or
certatn disclosures of trustees, remuneration specified by law are not made. or
we have not received all the infonnation and explanations we require for our audit. or
the trustees were not entitled to take advantage of the small companie5 exemption from the requirement to prepare a
Strategic Report or in preparing the Report of the Trustees.
Res￿}nSibl11ti￿ of I￿￿¢5
As explained more fully in the Trustees, ResFonsibilities SlatemenL the trnstees (who are also the directors of the chaTitable
company for the purposes of company law) ar¢ responsible for the prepw7tion of the fmancial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees detemiin¢ is necessary to enable the
preparntion of financial statetllents that are free from material misstatement, whether due to fraud or effor.
ID preparing the financial statements, tbe trustees are responsible for assessing the charitable company's ability to continue as
a going Conce￿ disclosing, as applicable, matters r¢lat¢d to going concern and using th¢ going concern basis of accounting
unless the trnstees either intend to liquidate the charitable company or to cease operation4 or have no T￿lstIC alternative but
to do so.
Our Kswnsibilllles forthe audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatemenL whether due to fraud OT error, and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of &8surance, but is not a guarantee that an audit conducted in accordance with ISAS
(UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or ernr and are
considered material if, indkvidually or in the aggregate, they could reasonably be expected to infiuence the economic
decisions of users taken on the basis of these fmancial statements.
The extent to which our procedures ar¢ capable of detecting irregularities, including fraud is detailed below:
Enquiry of manag¢ment. those charged with governance and the entity's Solicito￿ (or in-l￿USe legal team)
around actual and potential litigation and claims.
Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws
and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing fmancia15tatement disclosures and testing to supporting documentstion to 18sess compliance with
applÈcable laws and regulations.
Auditing the risk of management oveTride of controls, including through testing journal entii¢s and other
adjustments for appropriateness, and evaluating the business rationale of $i￿1ficant transactions outside the
nonnal COUTse of business.
A fither description of our responsibilities for the audiÈ of the financial statements is located on the Financial Reporting
Council's website at wWw.frc.o￿Uk/allditOTsr¢spQnSIbIIItieS. This description fomis part of our Report of the Independent
Auditors.
Page 6

REIY)IU OF THE INDEPENDENT AUDIMRS 11) THE MEMBERS OF
S￿K5s EDUCAllON PARTNERSH
LTD
Use of our
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those
matters we are required to state to them in an auditors, report and for no other p￿￿ose. To the fullest extent perniitted by
law, we do not accept or assume responsibility to anyone other than the charitsbl¢ company and the Ch￿l￿b]e company's
members as a body, for our audit work, for tbis repor¢ or for the opinions we have fornie
Paul Hwris (Senior Statutory Auditor)
for and on behalf of Chegwidden & Co
Stathtory Auditors
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN
24th December 2024
Pag¢ 7

BUSJNFSS EDUCATION PARTNEtiSHIP
LTD
STATEMENT OF FINANCIAL ACTIVTfiES
forthe earen(kd 31st M%￿h 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
Work related experiences
1,652,080
1,361,056
tnvestment income
4,628
597
Totsl
1,656,708
1,361,653
Work related experiences
1.276.266
1,081,974
Support costs
264,379
275,793
Total
1,540,645
1,357,767
NETINCOME
116,063
3,886
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
275,290
271,404
391,353
275290
The notes forni part of these financial statements
Page 8

BUSJNESS EDUCATION PARTNEtiSHIP
LTD
BAIANCE SHEET
31st Ma￿￿ 2024
2024
Total
fimd8
2023
Total
funds
Notes
IXED ASSEIS
Tangible assets
14
31,328
36,713
Debtors
Cash at bank and in hand
15
127.994
619.048
277,096
452,175
747,042
729,271
Amounts falling due within one year
16
(371,183)
(464,861)
NETCURRENT ASSKIS
375,859
264,410
407,187
301,123
Amounts falling due after more tharl one year
17
(15,834)
(25,833)
NKfASSETS
391,353
275,290
FUNDS
Unrestricted fimds:
General fund
20
391,353
275,290
T(wfAL FUNDS
391,353
275,290
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject
to the sma]I companies regime.
The financial statements We￿ approved by th¢ Board of Trustees and authorised for issue on ............... ......... ..................
and were Si￿ed on its behalf by:
S J Wilks- T￿stee
The not¢s form part of these financial ststements
Page 9

BUSINESS EDUCATION PAR
LTD
CASH FIA)W STATEMENT
forthe earended 31st Ma￿h 2024
2024
2023
Notes
C&qh tlows fmm 0￿￿ting activities
Cash generated from operations
Interest paid
176,302
(785)
155,016
(1,033)
Net ￿8h provided by operating activities
175,517
153,983
C&%h flows investing ￿1VItieS
Purchase of tsngible f￿ed &ssets
Interest received
(3272}
4,628
(7,032)
597
Net cash provided by1(￿ed in) investing activities
1,356
(6,435)
C&sh floiys fmm finanelng ￿tivItieS
Loan r¢paym¢nts in year
{io.000)
(iO,O(M))
Net cash used in financing activities
(lo,0￿)
(10,000)
Clwge in casb Ind eash equlvalents in the
RttM)rting ￿riod
C&sh and c&sh equivatents atthe i￿l￿ning
of the ￿p)rtIng period
166,873
137,548
452,175
314,627
C&sh and Cash equivalents st tr e￿] of the
FM)rting ￿riod
619,048
452,175
The notes forni part of these fmancial statements
Page 10

BUSINESS EDUCATION PARTNERSHIP
LTD
N(yrEs TO THE CASH FtA)W STATEMENT
forthe
eareNled 31st Mwrh 2024
2024
2023
Net income forthe ￿￿[ting (&¥ ￿rthe Sllltsment of Trlnancial
Activities)
AdjuslJn¢nts for.
Depreciation charges
IA)ss on disposal of fixed &8sets
Interest received
Interest paid
Decreasel(increase) in debtors
(Decre&seyincrease in creditors
116,063
3.886
8,514
142
(4,628)
785
149.104
(93,678)
iijio
4,057
(597)
1,033
{39,341 }
174,668
Net cash pmvÉded by 0￿￿110￿
176,302
155,016
ANALYSIS OF CHANGLS IN NET TriJNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
452,175
166,873
619,048
452,175
166,873
619,048
Debt
Debts falling due within l year
Debts falling due after l year
(10,000)
(25,833)
(10,000)
(15,834)
9,999
(35,833)
9,999
(25,834)
Totsl
416,342
176,872
593,214
The notes forn] part of these financial statements
Page 11

BU
LTD
forthe
earended 31st mA￿h 2024
The charity is a public benefit entity and a private company limited by guardntee. regist¢T¢d in England and Wales
and a registered charity in England and Wales. The address of the registered office is Swan House, 9 (￿eenS Road,
Brentwool F3sex, CM14 4HE.
These fmancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and Ihe R¢public of Ireland,, 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) (Charities SORP (FRS 102)) and th¢ Companies Act 2006.
B&sis of pwmring the fiDanci81 3tsten￿nts
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 charlties pr¢paring their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republkc of Ireland (FRS 102) (effectiv¢ l January 2019),, Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
There are no material unccrtainties about the charity's ability to continue.
Incoming ￿$Ou￿e5
All incoming resources are included in the statement of financial activities when entitlement has passed to the
charity. it is probable that the economic benefits associated with the transaction will flow to the charity and tbe
amount can be reliably me&sured. The following specific policies applied to particular categories of income..
income from donations or grdnts is recognised when there is evidence of entitlement to the gilL receipt is
probable and its amount can be measured r¢liably.
legacy income is recognised when receipt is probable and entitlement is establishe
income from donated goods is measured at the fair value of the goods unless this is impractical to me&sU
reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated
facilities and services are recognised in the accounts when received if the valu¢ can be r¢liably measured. No
amounts are included for the contribution of general volunteers.
Income from contrdcts for the supply of services is ￿gnIsed with the delivery of the contracted service.This
is ¢1&8sifRed as unrestricted funds unless there is a contractual requiTement for it to be spent on a partEcular
purpose and returned if unspenL in whith ¢&s¢ it may be regarded &8 restricted.
ResOU￿e$ expended
Expenditure is accounted for on an accrnals basis and has been classified under headings that aggregate all costs
related to the category. Where costs cannot be directly attributed to particular headings th¢y have be¢n allocated to
activities on a basis consistsnt with the use of resources.
Expenditure includes any VAT which cam]ot Ix recovered and is reported as part of the expenditure to which it
relates.
Charitable eXpenditt￿e comprises those costs incukTed by the chatity in the delivery of its activities. It includes both
costs that can be allo¢at¢d dir¢ctly to such activities and those costs of an inthect nature ne¢¢ssary to support them.
Support costs are those costs incutred directly in support of expenditwe on the objects of the charity and include
project management undertaken at head office.
Governanc¢ costs comprise those costs associated with meeting the constitutional and statutory requirements of the
charity and include the audit fees and costs linked to the strat¢gic management of the charity.
Page 12
continued...

BUSINESS EDUCATION PAi¥fNERSHIP
LTD
N(WTES TD THE FINANCIAL STATEMENTS. continued
d31s
Ma￿h 2024
ACU)UNTINC IY)LiCIKS. eontinued
Covemment grnnts
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until
there ts reasonable assurance that the company will comply with the conditions attaching to them and the grants will
be received. Where the grdnt does not impose specified future perfonnaThce-related conditions on the recipienL it is
r¢cognised in income when the grant procee(Ls are received or receivable. Where the grant does impose specified
future perforniance-related conditions on the recipient, it is recognised in income only when the perfomiance-related
onditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are
recognised as a liability.
ulgements and key sOu￿e8 of estim81ion ￿￿ertaInty
The preparation of th¢ fmancial stat¢m¢nts requires management to make judgements, estimates and assumptions
that affect the amounts rery)rted. These estimates and judgements are continually reviewed and are based on
experience and other factors. including expectations of future events that are believed to be reasonable under the
circumstances. In the case of the Charity, the only key judgement is the consideration given to the useful life of
Lingible fixed assets andrelated rates of depreciation.
Implnnentof rued ￿ets
A review for indicator5 of impairment is canied out at each re￿rting date, with the recoverable amount being
estimated where such indicators exist. Where th¢ canying value exceeds the recoverable amount, the asset is
impaired accordingly. Prior impaimients are also reviewed for possible reve￿al at each reporting date. For the
purposes of impainnent testin& when it is not possible to estimate the recoverable amount of an individual asset, an
estimate is made of th¢ recoverdble amount of the cash-generating unit to which the asset belongs. The
cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that
largely independent of the cash inflows from oth¢r assets or 8￿UpS of assets. For impairnient testing of goodwill, the
goodwill ￿qUIred in a business combination is, from the ￿quiSItion date, allocated to each of the cash-generating
units that are expected to benefit from the synergies of the combination, iirespective of whether other assets or
liabilities of the charity ar¢ assigned to those units.
Tangible fixed ￿ets
Tangible fixed assets are stated at Cost (or deemed cost) or valuation less accumulated depreciation and accumulated
impairnient losses. Cost includes costs directly attributable to making the asset Capable of operatlng as intended by
managemenL
Depreciation is provided at the following annual rdtes in order to write off each asset over its estimated useful life.
Plant and machinery - 15°/0 on r¢du¢ing balan¢¢
Comput¢r equipment. 33 % on reducing balance
All r￿ed assets are initially recorded at cost. Items wsting less than £500 are not capitalised.
Taxation
Th¢ Charity is exempt from corporation tax on its charitable activities.
Trlmd aeeounti
Unrestricted fimds Can be used in accordanLY with the thitsble objectives at the discretion of the iwstees.
Restricted fimds can only be used for particular restricted purposes within the objeds of the charity. Restrictions
arise when specifi¢d by the donor or when funds are rdised for particular restrirted purposes.
Furtber explan8tion of the nature and purpose of each fund is included in the notes to the financial statements.
Page 13
continued...

EDU
ATION PAKINERSH]P
LTD
NOTLS TD THE FINANCIAL STATEMENIS. cOntin￿d
rorthe
earended 31st Ma￿h 2024
ACEt)UNTING IXILtClFS. conllnued
Flmncial iDslnll
A fmancial &sset or a fmancial liability is r¢¢ognised only when the entity becorn￿ a paty to the wntractual
provisions of the instrument. Basic financial instruments are initialty recognised at th¢ amount receivable or payable
including any related transaction costs, unless the arrangement constitutes a financing transactio￿ wher¢ it is
recO￿lSed at the present value of the future payments discounted at a Ma￿¢t Tate of interest for a similar debt
instrument. Current &8sets and current liabilities are subsequently me&8ured at the cash or other consideration
exp¢rted to be paid or r¢ceived and not discounted.
Defined eontslbution pla
Contributions to defined contribution plans are recognised &$ an expense in the peri(xl in which the related Servi￿ is
provided. Prepaid contributions are recogt)ised as an asset to the extent that the prepayment will lead to a reduction
in future payments or a cash r¢fimd. When contributions are not ¢xpect¢d to be s¢ttled wholly within 12 months of
the end of the reporting date in which the employees render the related service, the liability is measured on a
discowited pres¢nt value b￿ls. The unwinding of the discount is recognised as an expense in th¢ period in which it
tamited by guajant
Every member of BEP undertakes to contribut¢ an amount not exeeeding £1 to the &ssets of the company if it is
wound up during the time that he is a mernber, or within one year afterwards, for debts and liabilities of BEP
contracted before the time at which he or she ce&ses to be a member and of the costs. Charges and ¢xpen8es of
winding up, and for the adjusthient of the rights of the contributories among then)selves.
2024
2023
Work related ¢xperiences
Grants
1,643,866
8,214
1,351667
8,389
1.652,080
1,361,056
Grants T￿e1Ve& included in the abov< are as follows:
2024
2023
Other grants
8,214
8,389
Page 14
continued...

BUS]NLSS EDUCATION PARTNEiiSHIP
LTD
f rthe earended 31st Ma￿h 2024
2024
2023
Deposit accoiint interest
4.628
597
(Jhertswling xlivities
2024
2023
61,614
847,424
42,357
677,435
1,980
8298
214,688
137,216
Staff costs
Bad debts
Travel & subsistence
Consultancy fees
Staff re¢nLit. & 8gency costs
6,507
254,894
105,818
1,276,266
1,081,974
Governance
costs
Management
Finance
Totals
Other resources expended
254,631
1,129
8,619
264,379
Net incomel(expenditUTe) is stated after Char￿n￿{creditIng).
2024
2023
Depreciation - owned assets
Deficit on disposal of r￿ed assets
,515
142
11,311
4,057
2024
2￿23
Fees payable to the charity's audito￿ forth¢ audit ofthe charity's fmancial
statements
6,320
6.989
Page 15
continued...

BUSINLSS EDUCATION
LTD
STA
earended 31st Mwrh 2024
forthe
There were no trustee5' remunerntion or other benefits for the year ended 3 1st March 2024 nor for the year ended
31st March 2023.
Ther¢ were no trustee5' ¢xpeDses paid for the year end￿ 31st March 2024 nor for th¢ year ended 31st Marth 2023.
No truste¢ expenses have been incutted.
io.
STAFFCi)S15
2024
2023
Wages and salaries
Social security costs
Other pension costs
776,209
56,477
14,738
621.161
44,661
11,613
847,424
677,435
The average monthly numiw of employees during the year was &8 follows:
2024
21
io
2023
22
Charitable activitles
Administrative
Health & Safety
li
34
36
No employees received emolum¢nts in excess of £60,(K)O.
ii.
Income is defeffed according to the terni in which the placement occurs. Monies received in March 24 relate to the
following Summer Terni.. £316270 (2023: £392,023),
11 DEFINED CX)NfRIBUTION PIANS
The amount recognised in inwme or expenditure as an expense in relation to defined contribution plans w&s £14,738
(2023: £11,613).
Page 16
Continu￿..

BUSINESS EDUCATION PARTNERSHIP
LID
NOTES TOTHE FINANCIAL STATEMEM3.
forthe
earended 31st Ma￿h 2024
ntin
13.
The governm¢nt grants of £8214 (2023: £8,389) received in the year related to the National Tutoring Pro￿]￿¢
(NTP), which provides primary and secondary ￿hOOlS with fimding to spend on targeted academic support, and the
recovery premium grant (RPG), the government's package of fundll￿ to support education r¢cov¢ry following the
impact of th¢ coronavinL8 (COVID-19) pandemic.
i&L
TANGIBLE FIXED ASSE15
Plant and
machinery
Computer
equipment
Totals
At 1st April 2023
Additions
Disposals
46271
53,981
3,272
(6,310)
100,252
3,272
(6,310)
At 3 1st Marth 2024
46271
50,943
97,214
DEPRECIATION
At 1st April 2023
Charge for year
Eliminated on disposal
20,272
3,900
43267
4,615
(6,168)
63,539
8,515
(6,168)
At 3 1st March 2024
24,172
41.714
65,886
NET B(X)K VALUE
At 3 1st March 2024
22,099
9,229
31,328
At 31st March 2023
25,999
10,714
36,713
I& DEBTORS: AMOUNIS FAtLING DUE (AYE YEAR
2024
2023
Trade debtors
Amounts owed by participating interests
Other debtors
Prepayments al￿ accnKd income
86,522
313
24,170
16,989
229264
15,070
32.762
127,994
277,096
Page 17
continued..

BUSINESS EDUCATION PARTNERSlItp
N(yfFS TO THE W4ANCIAL STAIEMENI5.
forthe
earended 31st M%￿h 2024
I& CREDIfoRS: AMOUNT5 FALLING DUE W￿H1N ONE YEAR
2024
2023
Bat& loans and overdrafts (see note 18)
Trdde credito
Social security and other taxes
Accrued expenses
10,000
21,884
3,279
336,020
10,000
32,117
3,288
419,456
371.183
464.861
17.
2024
2023
Bank l(wns (see note 18)
15,834
25,833
i&
)ANS
An analysis of the n￿ti￿lty of loans is given below:
2024
2023
Amounts falling due within one year on demand:
Bank loans
10,000
10,000
Amounts falling between one and two years:
Bank loans - 1-2 years
10.000
10,000
Amounts falling due ￿tween two and five years:
Bat)k loans- 2-5 year6
5,834
15,833
19.
Minimum lease payments ￿der non-cancellable operating le&8es fall due as follows:
2024
2023
Within one year
Between one and five years
tn moTe than five years
89,433
210,000
104,(4JO
240,000
30,0(M)
299,433
374,600
The operating leases refers to the following properties:
62-64 Western Road, Romford- The lease period is 10 years from the 1st October 2018.
10 Bridge Close, Romford - The original lease term has expired and is now on a yearly rolling contract from the I lth
August. The lease has since expired in the 2024-2025 accounting period.
4 Repton Court, B&sildon - The original lease temi h&s expired and is now on a yearly rolling contract from the 24th
November.
Page 18
continued...

BuS￿Ks
EDUCATION PARTNERSHtp
LTD
iyrLS TOTHE FINANCIALSTATE
forthe
earended 31st Ma￿h 2024
20.
N¢t
movement
in fund8
At
31.3.24
At 1.4.23
Unrnstiieted funds
General fimd
275290
116,063
391,353
275,290
116,063
391,353
Net movement in funds, included in the above are as follows:
Incoming
resources
Movement
in fLmds
expended
UnTEstiicted fun(b
General fund
1,656,708
(1,540,645)
116.063
T(yfAL FUNDS
1,656,708
(1,540,645)
116.063
CompHrntives formovement in fun(ts
Net
movement
in funds
At
31.3,23
At 1.4.22
Unffstiicted funds
General fund
271,404
3,886
275,290
271,404
3,886
275290
Comparative net movement in fund4 included in the alK)v¢ or¢ as follows:
Incoming
resources
Resouwes
expended
Movement
in fimds
Unlutiictsd fun(L8
General fund
1,361,653
(1,357,767)
3,886
T(yfAL
1,361,653
{1,357,767)
3,886
Page 19
continued...

BUSINFSS EDUCATIOIY PAI[
LTD
forthe
earended 31st m￿￿h 2
21.
ANALYSIS OF IYET ASSK13 BThEN FUIYDS
Unmtiieted
Funds
2024
Totsl
Funds
2024
Tangible fixed assets
CuTrent assets
Creditors less than l year
Creditors greater than l year
31,328
747,042
(371.183)
31J28
747,042
(371,183)
Net Assets
391
1353 ￿53
Un￿Stile1ed
Totsl
Fwi(Ls
2023
2023
Tangible r￿ed assets
Current assets
Creditors less than l year
Creditors than l year
36.713
729271
(464,861)
25
3fi713
729,271
(464861)
Net Assets
275
75
21 REIATED PARTY DJSCithURKS
Mr Kelly Sims, the company secretary. has operational managerial control of the charity. He is involv¢d in a
partnership, National Link Foundatio￿ which has dealings with BEP whereby NLF provides managemenL
consultancy and support services, together with &sswiated costs, to the C1￿1ty. The total value of such services
during the year was £217,135 (2023: £187,755).
Included within debtors are outstanding amounts due from BEP Appointments of £313 (2023: £Nil) to BEP (UK)
Ltd at the ststement of financial position date. Mr Kelly Sims and Mrs Jo Green, Principal of BEP (UK) Ltd, are
joint directors in BEP Appointments. ManagemenL consultancy and support services, togeth¢r with associated costs
are provided to the charity. The total valu¢ of services from BEP Appointhlents during the year amounted to:
£28,565 (2023: £64,259).
Page 20

BUSINFSS ED
CA
N PARTNERSHJP
LTD
DEfAILED STATEMENT OF FJNANC]AL A
forthe
eare
ed 31st TV12￿h 2024
2024
2023
WO￿ Trlaled exFrfenees
Work related experiences
Grants
1,643,866
8,214
1,352.667
8,389
1,652,080
1,361,056
Investment income
Deposit account interest
4,628
597
Total Ineoming
1.656,708
1,361.653
(Xhertrnling activities
Purchases
Wages
Social security
Pensions
Bad debts
Travel & subsistence
Consultancy fees
Staff recruiL & agency ￿sts
61,614
776209
56,477
14,738
42.357
621,161
44,661
11,613
1,980
8,298
214,688
137,216
6,507
254,894
105,818
1276266
1,081,974
SupN)rt tosts
Management
Rent & rates
Insurance
Light and heat
Telephone
Postage and stationery
Rcpairs and maintenance
Cleaning
Staff training & welfare
Donations
Plant and machinery
Computer equipment
Loss on sale of tangible fixed assets
109,922
6,595
6,455
11224
40.635
10,114
29,328
26,752
4,950
3,900
4,614
142
108,342
6,564
14,959
16,079
29,532
14,624
29,706
31,449
4.949
6,361
4,057
254,631
266,622
In￿￿¢
Bank charges
Carried forward
344
344
285
285
This page does not form part ofthe statutory financial statem¢nts
Page 21

EDUCATION PA
LTD
forthe
earended 31st Mwrh 2024
2024
2023
Brought forward
Bank l(Tran interest
344
785
285
1,033
1,129
1,318
Governance eosts
Auditors, remuneration
Legal and other prof. fees
6,320
2,299
6,989
864
8,619
7,853
Totsl resources expended
1,540,645
1,357,767
Net income
116,063
3,886
This page does not fonn part of the statutory fir￿1claI statements
Page 22