Rwstrar of Companies Bacon's College Community Services Limlted Annual Report and Financial Statements 31 AthjEI 2020 05321174 {ENJLw>J arn1 W8s1 1111158 Ath5FVE6Q' 2PJ05Q021 ANIES HOUSE A13
Contents Reports Refeferrfx and administrative detads Directors. report IrKJependent audiéoT'S report &10 Financial $tstymgnts &atemgnt of fanCIal aclivit BaLarr£ sheet 12 Principal xcounting poli 1&15 Notes to the financyal statements 1&21 Bacons Col*e Ccmmunty Services Limited
Relerence and admlnistrative detslls Dlrn¢torn &r Jon Cobs Louise Johnston Anna Pa* Le•(lefship T¢am MKk Ha$seit Tanya Wlkings Company M¢r•t•ry Alison Hussain {appointed 11 August 2020) SXeph8n Whiffen Ires•Jned 30 No¥ember 20191 R•gistw•d olf¢ CIO United Learrwng Wortth¥#le HOL Thorpe WcA)d Peterbcrfou9h PE3 6S8 Compny wistrnlion numbtr 05321174 {Enand Wales) CIArlty regi$trdtion number 1111158 Audltor Buzzac))tt LLP London EC2V 60L Bonke NatK)n81 mInster Bank pk PO Box 9765 201 TeY Street London SE12ZH Bxon's Comege Communty Services Limited
Directors, report Year to 31 Auwsl 21y20 The Board of Directry5 present thwr statulory report together wrth the finawal statements of 8acons College Communrty Seryw mIted Cthe Chwilable Company'l foi the year en¢Jed 31 August 2020. The report h¥s been prepared in a¢cx)rdano wilh Part 8 of the Charitie$ Act 2011 and ctsnstilules a diredor5' report for the purpose of company islBtK)n. The financial statements ha¥e been prepared in actdance wrth accoling policies set crt on pages 13 10 15 of the atta¢h8t1 fina181 statements and compty with the Charitable Company's Memorandum and Articles of Assooation. applvble laws and the requirements ol A¢¢ourtting and Repofty"ng by Chartlw." Statement of Rec0ft7mended Practi appjicable to ¢harits preparin9 ttrw accounts in accordancE with the Financial Reporting Standard applicable in the United lfjngdom and Republ of Ireland {FRS 1021 effecaive from accounting periods cofflmenc4ThJ 1 janu 2015 or ktef. SPECIF OWECTIVES Charltable ahns andsp•cftfic obJectiv•s Th¢ obfre¢tsves of Bacon's College Communty ServKes Limrted. as stsled in the MemoraThJum of Assoo"ation, are lo OT assist in Ihe provision of facilth'es in the rterests ol s(131 welfare for recrealJn or other lei5uie lirre 0rxUpat of indMdu¥ls who have need of Such facilrtEs by reason of Iheir youlh, a9e. infimiity or di$ability. financAal hardship or so¢aal orcuMstar wrth the obpca ol improving thw"r cornlitions of life. The overall aim of the Charilable Company ts to provKle sporting farjlities to the lorAI ¢ommunty for re¢reatk)nal use on melkn.sh Fields whth adjoins Bacon's colge. PuWi¢ bertefft In setting the objects and planning a(*ivities for the Charitablo Comparty, the Difectors have gven careful consxlerabon to the charity Commtssion's general guidance on public befft. ACTIVITIES. ACHIEVEMENTS A140 PERFORMAIICE The main purpose of the CharItae Company remains that of making SPOrtin9 faulilies available lor conmunjty use as widety as possib. Unfortunatety. during the COVID-19 paTrJemic. dosures of sporting la01e5 has meant that the Charitable Company has been unable to increase usage and tumover in the way originally hoped. It 15 however expecled that once the pandemic ts in decline. greater awareness of the Charilae Company's faolities through a targeted m¥ketirvJ approath shoukl ¥d to Thicreased Ltsage and tumover in luty years. Bn'S College Cornmty Services Limited
Directorn. report Year lo 31 August 2020 FIIIAMCIAL REVIEW . The resuhs for the year a shn on page 11. Total inrK¥ne fw fv yeaf was £89,n3 (2019 - £213.1621. Total expenditure fcf the year amunted lo £158,142 (2019 - £281,39S). Thts Iuded charitable thiies of £148,328 12019- £271.5811 and loan seThx?ng costs of £9.814 {2019- £9.8141. The net M0ment in luThJs ts the year was a defiat of£68.419 (2019- £68.233 de1). Finan¢ialposilion The bakn¢e sheet shtms lotal funds of £518.958 12019 - £587,37n. of which £347.OC(S 12019 - £415.419) related to the 9enernl fund and £171.958 12019 - £171,958) to a deswaled fvnd {note 111. It ha5 been agreed that the sinkn.ng fiJThJ should cJ)ver If future rgplacement of the ATP fwtball prtth surfaces th.ne with the lenns ofthe FltsaI1 Fourbyation's fundtng agreement. It has also been agreed lh free reserves should be the equNalent of three rnonlhs of ptanned expenditure for the subsequent year, exdudiThJ depreciatth. This approiimales lo £17,727. As at 31 Augusl 2020. the Chantabk Company's general fvnd balan¢e wa$ £347,OCQ and free reserves were in SurUS by £1.227 after exduding tangible fixed assets and ueditors iJe after me than one year. In order lo increa$e free reserves. the Charitable Ccrfnpany had planned to increase thtt use of soual media and existing community links to create aw8rèrte$s ift the wtrr community of the sporting activit and fauliéies availab. 11 was also hoped that systems and pwdures uld be streamlined and modemi"$ed. The COVID-19 ¢bsures have meanl that Ihis has not been as suc£essful as was hoped. The loss of irwme has Motated the leadership team to make the derySI lo review opeiaiions: a cost anatysis of the best ways of working will be rarried oul to assess ways of offsetting the of income caused by the pandemic c105ures of sporting f"Irts. Moknin9 fod, rt is hoped Ihat a more slfeamlined way of workn.ng will facilitate the m0dern1san of prttesses as well as w¢der dlIa1 marketing and bran¢J management. all wilh a to enharrAng usage of the Charrtabig Compan1$ ¢ommunrty fraciiilie5. Unrted Lèaming Tntst have pro¥ided assurance that they WIN not demand repaymenl of Ihe k)8n to the charilab Company and the intercompany bakance al year end until there are suffiu8nl finala1 resour to make Ihe repayment. Based on the above, the directors believe that the Charrtabie Company is a going corKem at least 12 months from Ihe date of apwoval ofthese financial statements. B&on's Cdkge Communty Services Limited
Directorn, r•port Year to 31 August 2020 GOVER14AIICE. STrUCTURE AND MANAGEMENT 8acon'$ College Communty See$ mile{l is a ¢ompany limrted by guarantee {Company No. 05321174) a UK reyistwed charity (Chanty No. l 111158). The ChafilaNe Company wa5 incorkwated on 24 December 2(#)4 and registwed as a tharity with the Ch8rity Commissiw on 2 Septèmber 2()S. Pd•mbws'llablHty In Ihe event of ihe Charitabk Company bermj wound up. m8mb•rs are requwed to contn'bute amount not exceèjing £1. Govemance Directors are appoinled by ordinary resolution in a general meetry or by other dire¢kn. The Arttclès of AssoCAtn of the Charitable Company wuire a minimum of two direclors to be in office at any lime {the MmuM number of directots is up to 251 One third of the directors retwe by rOlatn al the annual general meetry and, rf elgkn1, may be r¢- aFvointed. On agreeing lo beo)me a directy of fv Charitable Company. the Directors are thorough bIred by Ihwr direCtorS the history of the Charitable Company, the day-ttrday management, Ihe resp(SIbilit5 of the direLIoTS. the rJJrrent oty"ècrives antj future plans. The Directors are also encouraged to allend any courses whi¢h they feel are reb&v8nt to Iho 9velopment of their mle. and to keep up-tTrdale on any change$ in legislation. The names of the Oirectors swwed dumg the year a set out as part of the reference d admin$traINe detsiLs on page 1. None of the Diredors recevled any remeratIon from the Charitable Company dlng the year. The Directors are Ulb"Mate responsibk for the polKies, aciNI"es and assets of t Charitable Company. When necessary, the dhrectors seek ath"¢è and support from the CharitatAe Company's professMal advisers indud¢ng rts solitylors, bankers an xjuntants. The Frsonnel at Bacon's College administw payments and keep lh• acc£Junting recDrds of Charitable Company. Bacon's College 15 part of Unrted Leaming Tru$l. an exempl and a company limited by guarantee (Company No. 04439859). The prin0p obj'ect of the College is to provide edvcalion for children of drflerenl abilitss behveen the ages of 11 a1 19. wthin 8 Church of England ethos and wth an emphasis on I1141 mgdia and technology. Bacon's College Community Services Limited
Directors, report Year to 31 August 2020 GOVERNANC& STRUCTURE AND MANAGEMENT ltr)rttinued) The College set up Bacon's College Ccvnmunty SeThices Limiled in order io develop Mellish Fields Iwhth ¥dioins rts own propetyl for re(seational facglrtw for the l¢)cal ¢ommunty. Mdlish Fields is olmed by the London Borough of Southwawk and is leased to ihe Ch¥itable Comparby. The Chief Exewb¥e Offw and Iwo senior management personnol of the Untsd Learning Grp serye as dIreCtS of BaC'S Cofege Comnty SeNi¢es Lllnled. The day.t(thy finan¢>al admmrslrakn of the Charitable Company is carried oth by Ihe employee5 of United Le¥nwN Trt. The dIreCtS have assessed the major risks to wh¢h ihe Charrtable Company is expos¥d to. The directors beeve that by moniitiring reserve levels. by ensuring controls frxist over key financial systems. and by examinin9 the Ope10Th81 and business risks faced by Ihe Charrtable Company, they have estsui%hed effe¢xi¥e systems to mrtigat8 those risks. The drrethrs the key rtsk fawg Ihe Charitable Company lo be.. crynpet1ln- The Cty of Lwhjon A¢ademy offern a Similar $8Thice in the area. This ts just miles away. BCCS Ltd could ts¢o strong trjmpelth.on due to pricAng or lack of availabilty of pitches for hire. The charrtab Company's prices have been benchmarked against the tocal competitK)n and they arg cornparab. • COVID 19 - Even th)ugh the restrictions imposed during the lock down periods a be9inning to be feLaxed and the public are again able to use outd(w sports faalities. there is a risk that a luture per)d of loc down will have a negative impad on the operations of the Charitable Cornpany. path"[1Y in lemis of bookn'n9 levels. Mana9emenl consider that the chWilab Company has adequate reseNe$ to cover a shortfall in incLNr and t11 continue to keep thi5 under revw. The Directors cMsidef that they logether with the Op8raticffls Manager, Ihg Facilities Manaw and th& Execulive Business Manager of Bacon's College ¢ompnse the key management personnel of the Charitable Company in charge of direcing and conlrollirwj, nning and operatng the CharitstAe Company on a day to day basi5. Detaib of remuneration to key management personnel are included thin note 5. The Charrtabtè Company operales the samè pay spine, made up of a number of points subdivided into th? Prelim1r Sr2le aThJ the Main Scale. as Bacon's College. Bn,$ College Communty Services Limited
Dlrectors, report Yew to 31 August 2020 FUTURE PLANS The Charilabje Company had plannpd to inuease Ihe use of swal media and existing communty links to Cree awareness in the WKJer communty of the sporting actiwties and fao'liti'es available. ft was also hC that systems and prcttdus ttJuPJ be streamlined and modemis&J. The COVID-19 dosure5 have meant that this has not been a$ successful as was hoped. The bss of irKome ha5 molNated the beadership tsam to makè the decis)n to review Opera)n$.. a $1 anatyss of the l>est ways of working will be carried o(rt to as5es8 ways of offsèttin9 the loss of income caused by the prniC dosures of sporting facilitVèS. Movirrfj fward. 4t is hoped that a more streamlined way of workn'ng will facjlitale the modemis8n of prcwses as well as wHler digital marketing and brand rnargernent, all with a View lo 8nhanarwJ usage of the Charitable Company's communty facAlrties. COVllk19 The impact of the COVID-19 panderni¢ has dearfy been &gnifi¢ant for the OFerations of the Charitable Company and the k)ck¢J(Mn restrKti"ons have meanl a reduction in income streams partty offset by operatsal sabryngs. The irectors acknowledge aThJ rewlse ts potential impac of the COVID-19 pandemic on the ftrture Operatn$ of the Charrttr5e Compwy. its benearles, partners and stakeholders and on wider 50cty. As well as the personal risk lo health of its s&iff, Ihe Charitable Company may t05e planned income 8$ the of further reStrtionS on people attending group spcwting aclmiies andlor the absence of key personnel athough there may be some experbyrture sa¥in9s also. Redu opportunities for scheduled face lo fa¢e interactKJn may well impact on the abilty to plan effecNely for Ihe medium lem but il is rM)t an1pated at the current time that the overall financtal posrtion of ttte Charitab Company will b• ajversety affe(•d or its fmanoal 50fr4w threned. As ment*Jned on page 3. the direotys have reeerve(18ssuranc¢ thal United Leaming TTUSt w1 not demand repayment ol the loan to the charitab Company arml the intercompany balance due * year end until there are Suff4ent finawal resources to make the paYment. STATEMENT OF DIRECTORS. RESPONSIBIUTIES The Direciors Iwho are a150 trust of Ba)n'$ Colbge Communty SeN"ce$ Ltinited for Ihe purposes of charity Liw) are responsible for weparing the directors. report and financial statements in accwdance with applrAble law arKJ Unrted Kingdom Accounting Standards (United Kingdom Gerterty Accepted Ac¢ounb"ng Prxts"cel. Company requires the Diredots to Pfepare finanaal statements for each finan¢ial year which gNe a twe and fair vithv of the state of affairs of the Charitable C(panY and of the InlMe and exwnditure of the charitab Comparw for thal perK)d. Under tmpaThy law the Diredors must not appfove the finanaal Statements unless they a satssfied that they gwe a true and fair wew ol the stsle of affairs of the charitab Company and of the income and expendrture of the Charitable C(Ynpany for that period. B%on's College Communty Services Limited
Dlrector8' report Year to 31 August 220 STATEMENT OF DIRECTORS. RESPOPISIBILMES (continue In preparin9 Ihese fina atements, the Direciors are qUIred to.. select suitable antry polioes and then appty Ihem umshslgnlFy". observe Ihe methods and prin¢iples ol Axountmg and Reporting by CharitEs'. ststement of Reo)mmend8t1 Prath"ce appIable to charities preparing their account8 in arthrdance with the Finan(#al Rewlin9 Standard applicable to the United Kingdom and Repubh'c of Ireland IFRS 1LY2).' make judgemènts and eth"mates that are reasonable and ent., • stale whether app1K3b United Kiwom A(xounting Slandard$ have been followed, subject lo any maierial departsJre5 disdosed and explained in the financval statemenls: and • prepare the financial ststements on the goTng 0)nM basis lesS tt is nappropriate to presume Ihat Charitable Cornpany wll c4)nb"nu• in operation. The Dire¢tNs a responsi for ke8pwJg quate accountirrfJ records that disd¢)se wlh reasonable ac£uracy at any lime the financial posi11 of the charitab Company and enabk them to ensure that the financial statements compty with the Companies A¢t 26. They are also responsib for safeguarding Ihe assets of charitab Company and hence for taking reasonabk *eps ihe preventNM and detecaion of fraud and other ¥regllLarit. Each ofthe Directors rA)nfrm5 tw.. • so far as the tlredor is aw¥e. there is rn) relevant audit Mrfcrnln of lch the Charitat4e Ccrfnpany's •)Jrtor ts unaware: the Director has tsken all the steps that helshe cojght to have taen as a director in order to make himseifthersdf aware of any relant audrt informatk)n and to establish that the Charitable Company's auditor is aware of Ihal informatirm. Statemertas to dls¢losur¢ to ouraudilors This confirmation is given $hcwld be bnterweted in accordance 1h the provisTh$ of s418 of the Companies Ad 2rx6. Apwoved ty Dredors a1 siwed on their behaff by.. Louise Johnst Approved by the Direclors ". 2$ May 2021 &xon's College Communty Services Limited
Independent audltovs report Year to 31 August 2020 Independent auditofs report to the memberd of Bacon's College Community S¢r¥lce8 Limited Opinion We have Irte{l the fm8n¢ial stskments of 88n.$ Colkge Communty SeNices Limited (the 'charitab Company'} for the year gnded 31 August 2020 whith comprise the statement of financial a¢vth"es. the balarte srteet and notes to the financial statements. induding a summary ol signffjunt accwntsng policies. Th& finawal rew1ing framEwofk that ha$ been applied in thwr preparatwn ts applue law and United lfjrBdom Accounting Stsndards, indudin9 Finanoal Repoth'ng Stsndard 102 'The FinancAal Reporting Standard applicable in the UK and Republ of Irdand, Iunited Kingdom Generally Ac¢epted A¢courtling Practice). In our opinron, Ihe fmancial siatemenls.. gb¥e 4 true fair vie of Ihe ste of the Charhtatle CompanY$ affa5 as al 31 August 2020 and of ts M)c¢me artd expenditure lor Ihè yeaf then ended: • have been proFedy prepared in aco)rdance with United Kingdom Gener81ty Accepted Accounting Pradice". and • have been prepwed in a(tcdaTh ith the requirements ofthe Companies Act2Cth. 8asi$ for opinion We conducted our in a¢ctydano with Intematitywl StsThJard$ on Auditing {UK) IISAS {UK)l and apICable Law. Our responsibilities under those standards are fwiher describei1 in the Auditors responsibilrfies for the audit ofthe fala1 statements section of our reyJrt. We are indepèndent of the chantab Company n accAydance with the elhi¢al quIreMents that are rdevant to wr audit of the financial slatements in the UK. induding the FRC'S Ethifl Standard. and we have fulffilled our other ethKal responsibilth"e$ ir) a¢cordance with these requirements. We bÈlie¥e that the audrt evKIefe we have obtained is sulfjcient and approprote lo provide a basts our 0nn. Conclusions rnlating lo going ¢onc•m We have nothing to report in rèspect of the folloAtiro fflalters in reLathJn to whth the ISA8 (UK) require us to pOrt to YOU Tltse: • the Direclors, use of the going concem basis of accounb.ng in the preparation of I finanual stst•Jnenls is not appTopri*e: or • the Diredors have not disdosed in the finanal stslements any identified materi81 UrKertain1S thal may cast strjnfficant dcwbt about the Charitable Companys ats'lty to ¢ontinue to adopt the going c4)ncem basis of accounb.ng for a penc¥J of at least e1Ve months from the dats when the financial slatements are authorised lor issue. Bacon's College Community servi Limited
Independent auditorf8 report Ye to 31 August 2020 Other inforniation The Directors are resp$ kn the other 1nknnalK. The other inlomatn ¢omprises the informathm induded in the nual report other than tha financial Statemènts and our auditorfs repwt thereon. Our w"nrt i)n the finanoal ststemerts does not cover the other informatron and. except to the extent othepr5e Èxpk"cJly st8led in our report, we d? not express any forni of assurance OluSic thweon. In ¢onne¢tion Vilh our aLMlit of the financial statements. cojr responsibilrty is to read the other informath)n and. in doing so. ojnwder vthether the other inf¢)miatKJn is mer¢alty inconsistent with the ffinanryal statements or our kn(ywkdge otsta1d in the audtt or otheiSe appears lo be mateftalty misstated. If we Klentrfy su¢h material in¢SISten¢S or apparent materFal mi5ststsments. we are requi1 to detemine wheiher there is a material misstatement in the finanryal statements or a mateEial misstslernent of the tsther information. If, baset1 on Ihe wort we have perforn)ed. we condude Ihat there is a material misstatement of this oifw infomiab"on. we are required to reFQrt thal fact. We have nothffig to reFYt in Ihi$ regard. Opinions on t)ther mattef¥ preS¢rib by the Componl•s Aet 21x16 In our opinion. based the wort undertaken in the Course of the au(1rt'. the inlrymakn given rn the directors, report for the financial year for whth Ihe finaTr¢ial statements are prepared is consistent with Ihe financial statements., and • the olrectors. re has been prepared in a¢o)rdan¢e with applbIg logal requirements. Mtt¢rn on whl¢h w¢ arn required to by exception In Ihe light of the knowledge aThJ understanding of the charitab Company and 115 enmronment obtsined in the course of the audit. we have not entthd material misststefflents in the d¥ed(s. retx)rL We have nothing to reFxi respect of the ftAlthYing matters in relan to which the Ccthpanres Acl 2(MIS requrres us to rewt to yw Fl. in ¢)ur opmion." • adeqlte armun9 reclvds have rn)t been kept: or • the finan¢ial statemerts are not in agreemont writh the accoung rto)rds' • eertain disdosures of directors. remunwatKJn Spe¢rf by law e )1 made.. or • we have not received all the fOrmatth and explanatws we require for our audil 8ft'S College CnMunity Services Limited
Independent audito3 report Year to 31 August 2020 Responsibllities of directorn As explained more fijlty in the dwlors, responsibdities 5tstement, the Directors a responbIe lor the preparalK)n of the ffinancial Statements and for being saii$ffied th they give a true and lair view, and for suth ffrtemal control as the Diieclors deiennine is n8cessary to enable the preparation of financ4al statem•nts are free from material In preparing the financaal statements. ihe Dire(a¢ys are respon¥ble for ¥s$e$$ing the Ccharitabk Compans ablrty to continue as a gtyng eoncem, disdosing, as applicable, maiters related to going (¥ern arKI usrng the goiNJ concm basis of accounting unless the Directors either intend to IN4uidate the Charftat4e Company or lo ¢ease operations, or have M reakstK aifemative but to do so. A¥di¢of$ responslbilities for the audit of the finan¢lal stsi•ments Our obiectsve5 are to obtain reasonable assurance ab)ut whether thè finanaal slaternenls as a whole are from material misstement. whether due to fraud or error, and lo issue an auditorfs roport that inckK1e$ our Opinn. Reas(able assurance 15 a high Ve1 of assur8n¢e. bul 1$ not a guarante• that an audit conducted in acCOrdar whth ISAS (UK) will afrédays dètect a material misstatement when if exists. Misststements can artse from fraud or error and are nsidered material rf, indNklualty or in the aggregate. they ¢wld aSOnablY be expectel to influence the econom deci5Kffi3 of ser5 taken on the basis of th finawalststements. A hjrther descriptk)n of our SponbIlit*S for thè audit of the finanaal statements is located on the Financ4al Reporting Courtuf$ websits al w¥th¥.frc.org.ukJauditorsresponsibilities. This description forms part of our avdrto¢$ report. Use olthis rnport This report t5 made soknty to the Charitsbbg Company's lber5, as a body, in g¢cordan with Chapter 3 01 Part 16 of the Companies Act 2C(6. Our aLMJit work has been undertaken $0 that we might state to the Charilable Company'5 members th¢)se matters we are required to stste to them in an auditorfs report and for no other PUse. To the fullest èxtent pemiitted by Law, we do not accepi or assume responbi1Y to anyone other than the Charitsble Crynpany and the Chantable Companvs members as a body. for OUT alIt work, for this r8POrt. or for the ownions we have formed. Shachi Blakemore (Senior stalu1 Auditor) For and on behaw of Buzzacott LLP. Statutory Auditiy 130 Wood Street Lond EC2V6DL 25 May 2021 B'S College cmunity Services Limited 10
Ststsm¢nt of flnancial activities Year to 31 August 2020 Unrestrici&J funL1¥ Total 2020 Totsl 2019 Income frorn.. Inkrest rNab Charitable acbvrbes Total Ie 318 212.844 213,162 89,377 Charita? acbw 148,328 9,814 1S8,142 271.581 9.814 281,395 Total •xwndiur• Nèt •xpIlrÈand ntt 168.2331 FI banc•s at 1 S8p*m 587,377 655.610 Fund balan¢xs al 31 AtsJusr S78,958 587.377 All ol the Chanlable Company's a¥1 derrRd from c£ffltinuing operatKMts during the at4)¥9 two financial periods. The Charitable Company has no ret))gnised gains and losses other Ihan shown Bxon's College Communty servi Limrted 11
Balance sheet 31 August 2020 20 2020 2019 2019 rar¥Jbk oss•ts 1.171363 1,249,784 Debtors Sto¢ Cash at bar in h¥#J 8.957 200,230 209.187 243.237 280.103 Creditoi¥.' amounts fallirJ ¢Ju• thin one year 136.1x121 1130,3571 173.165 1.345,S48 149,746 1.399.530 Cr•ditorn.' amwnts tslh"ThJ due after mre than one year Totsi net•ssets 10 1828.5901 518.958 1812,1531 587.377 Th¢ lunds of Ch3r6tablo Company: Funds and rtseprt¥ lthrestncted furJS . General fvnd . De9ndled frjnd TO fvnts 347.000 171.958 $18.958 415.419 171.958 587,377 11 Approved by the DIror$ and signed on their behalf by.. LOUI Johnston Dire¢lor 25 May 2(KJ1 cpanY Registration Number.. 05321174 (Eryland and lthksl. Ban.$ College Community Services Limited 12
Principal accountlng policies Yewto 31 Auwst 2020 The princip81 a¢countiThJ N)li¢ies adopted. judgements and key sources of eslimation uncertainty Ihe wepwation ofthe financial ststements are18id out be. Basis of pr•parntion These fina181 statemenls ha been prepared Ity Ihe year to 31 August 2020 and are rounded to Ihe nearest pound. The fmanoal sementS have been wepared LM)der the hitorI¢ cfjst NventIon vAth stems recognised at cost or Iransa(1n value unless otheThvise stated in thè relevant aol¥ll1n9 p)Ircaes bekw or fv rths to these fmarKial statenths. The fina1 statements h8%e been pw¢pad bn accwdance with Accounting and Reporting ty Chariti&s". Statèment of Recornmgnded pract applicabb lo tharrties preparing their accounts in accordarKe th the Finantsal ReFthling Standard appl¢able in the United lfj"ngdom and Republ of Ireland IFRS 1021 ICharits SORP FRS 1021 issugd on 16 July 2014 and Upyate Bulletin 1 issued on 2 February 2016. ihe Finanrial Rewling standard applicable in thè UK and Republ¢ of Ireland IFRS 1021 and thè Charities Act 2011. The Charitable C¢xnpany nStItuteS a public benefft entty as ¢Jefined by FRS 102. Ci¥ti¢•b a¢counting ¢•timatrs and •vtas of judgwn•nt Preparatson of the finanual statèments requires the Directors to make significant judgements and estimales. The item5 in Ihe finanal statements wthere these judgements and esb"mates have been made include estimat¥ the usefvl e(Y)nOm Ille of tarvJiUe assets. Amessment of 90ing ¢M¢em The Dirtcttxs have asses$8d whher Ihe use of the going concem a5sumptiort is approwiate in prepariThJ these finarKial staiements. The Directors have made this a$se$$ment in respect lo a per*)d of one year from the date of aPPToval of these financial statement5. Thè DirectcKs have received assurarte that UThle(1 Leaming Trust will not demand repayment of the loan io the Charitable Company and thè intercompany balance due at year end unlil there a suffio.ent ffinancial resourw to make the repayment. The 'rectots ol the Chantable Company ha conduded that there afe no rnaterial uneertainlies related lo tntS or Cd)n5 that may cast slgnffjant doubt on the abilty of the Charitable Company to o)nb"nue 8$ a goin9 c4)ncem. The Directors are of the opini¢)n thal the Charrtable Company will have suffKient resour to rneet its Ikibilities as Ihey fall due. Income r•cognition IrKome is recoynised in the periLwJ in the Charitable Cornpany has entitbement to the inujme. the amount of income ¢an be meagjted rellaY and bt 15 probable that the income will be receNed. Bacon'$ College Ciynmwty Services Limited 13
PriD¢ipal a¢counting poli¢i¢s Year to 31 Auwst 2020 Income comprt5es dMations. ¥INEStml InMe ar¥J inD)me from the provisiC of recreational fxililie& Donaln5 rerEived are recognised when the Charrtable Company has confirmaknon of both the amount an41 settlemenl date. In the event of dMaiNM)$ pledged bLrt not received, the amount is acuued for where the receipt ¢x)nydered probat. In the event that donation rs subje¢i to condTbons that a level of perfom)an¢X tfoo thè Ch8ritable Compary is enlilled to the funds. the InCme is deferred arK1 not recoynised until either those 9)rKIrtn$ are fvlty met. or the luffilment of Ihostr ¢dItIonS is wholy within the I>trol of the Charilable Coffrfmny and il ra probable thal those conditiS will be fulfflled in the reFo"n9 perKO. Interest funds heid on dep05rt is induded when rece and the amount can be measured reliably by the Charitable Cothpany: this is ncmalty urrt)n nob"fKion of interest paid or payab ty the bank. Inc4)me from the of recmliM81 fatylrfi.es is Credi on an o(xwats basis. Expendityrn rn¢ognilion Lots1rtie$ a re¢ogni$ed as exFenditure as soon as there 15 a legal or constfU¢tive obligaiKin o)mmffting the Charitable Company to make a payment to a third party. rt vobable that a transfer of ecOn1C beneffts witl be required in 5etlSewt arwj the amwnt of the Obk.gatn be measwed relaw. ALI expenditure is ao)>)unted for on an %17uals basis. Expenditure comprises direct costs and support costs. expenses. in¢luding support costs, are alkxated or apport¢oned to the appltsble expenditu headings. The ClassitiOn between aCtrvlt is as follows: Expenditure charitable xtM1 dudeS al o)Sts a5SCWted with fvrthemg th olaritablè purF)ses of the ChanlatAe Company. Such $1S indude stsff ¢ost$ and propety expeTrJure. Other expendilure o)mwLses of interest payab. All expeTrJiluTe is slated exdusNe of VAT. whth reLy)¥ered. Financial $trumn The Chantabk Company ha$ financial assets and finantyal liabilrties of a kind that qualfy as basic finantsal in5trumems. Basic finanrial inStru[rt5 are initi'ally recogrused at Iran$action value and 5ubsequenlly measu at Iheff settlement value. DebloTS a rec&)gntsed at 1r settlem8nl aAunt, less any provishx for non. re¢over8bilty. Prepayments are valued at Ihe amount prepaid. They have been discounted to the present value of Ihe frrture sh receipt where sucth discounling is material. Bacon's ColW Communty Serrfices Limited 14
Prin¢lpal accounting poli¢les Yearto 31 August 2 Casb at bank and in hand Cash at bank and in hand represents suth Ounts and instruments that are available on demand or have a matuiity of less than three months from the date of aVisItion. CY¢ditors and provhskn Creditors and provis)n5 are rects3nised vthen there is an obb"gatth at the baLqn¢e sheet date as a reJ of a past everf. rt is wobabk thal a transfer of economic benefft will be required in seluement, and the amount of the settlement ¢an be e51imaled reliabty. Credilots and prowsic¥)s a rewgntsed at the amount Charitable Company IntPate$ il wll pay lo selue the debt. They have btren dts¢ounted lo tho present value of the luttjrt ¢ash payment wheo suth discounting mat•rial. Fund •¢¢ounting Unreslri¢ted fvnds represent those K]nieS whth are freely available for applica1ion towards achiÈving ary charrtabk purp)sè that falls within the Charitable Company's dwnlable cgcts. Designated funds Comp mon$ set aside <yJt of Untricted fijnds for $pe(¥ft fvlure purposes or pToiecl& T•ngible fixed assets Tangible fixed assets compn.se expenditure on Ihe deVelOFent of Mellish Fields. the ¢ost5 irurred in relation to a¢quiring a 60 year lease for the srte. and frxiure5 and fittings. All assets cosling more than £5(KJ are capitalised and are carrted ai ¢ost, net of Tawjible fixed assets are written off over the¥ estimated usefvl Iw on the folkx¥thig basis.. • Leasehold costs Lile of the Ipase • Building o)sts 2% stra3h1 line Grass aTrJ ATP pitches 15 years stravJht line • Fixtures and ffttings 25% straight line Lea Rentals applicable to operating knases vkwe substantially all of the beneffts and risks of wnership remain with the knor are ¢haTged lo the statement of fnancial activities on a Strght-11ne basi5 o¥er the kase lenn. Stat•ment of cash Ilows The diSCh)5u exemptKJns Fermitted by Update 8uUelin 1 of the Charities SORP FRS 102 have been taken advantage of in these ffinancial statements and a stslemenl ol cash flows has not been prewed. Bon's COle Communty SeNices Limited 15
Notes to th• financial slements 31 Augu512020 1 Incom• from chaiitsble xtivities 2020 2019 Provlslon of rncr8ationaY facllits: Meii&sh Fkls ATP Footsll Prtch111 0-8Jèl Meli8h F15 ATP Ft¥)IbaU Pitth IS a4ilel Grass Pitch hi(11 a4th1 Gtsss pitch hire17 a-sthl Class Room hirp Club Room hi Orink5 ¥endwrfJ rnachin• 5ths Waterl¢onfecb"wary salv5 Coffee Ndirj sabe$ 70,195 11.375 4,609 141.023 33,382 24.983 1.125 21 628 4.542 2.312 3.624 113 212,844 89,3TI 2 ExPendire ¢harftsbh a¢ti¥ltl•s 2020 2019 Staff costs (rte 51 Managerneni fee Ino 121 62.825 37.783 130,3421 24.194 35.128 77.421 36.156 971 4.800 148.328 Maint•nance costs OepreoatioTr charg85 Inole 71 Olherc4)$ls Bank char9es Goverrw(* costs 35.743 77.712 14.542 1.122 5,400 271.581 20 2019 lfit8re5t on108n balance Ba¢on'$ Co1189¢ (note 121 9.814 Ban.$ College Community Services Lirrted 16
Notes to the financial statements 31 AuSt 2U20 4 movoment in funds This is ststed after charging". 2020 2019 Oepreob)n Audit¢¢s fftmurwabon 77,421 77,712 5.400 S Slaff costs and directors. remun•ration Stsff costs dwirg the year were as follrA¥s: 2020 2019 Wages aTh1 Sa5 Social Sety casts psrt 51,612 4.101 62.825 Staff oxts dwing the year have been Lxrfne by lthited Leaming Twsi induding th of koy management personnel. SL costs in the prior year relate to salary rechargès from Unkted Leaming Trust for five memters of staff. The Lh'rectors consider that they together with the Fao&l&S Mana9er. the Operalions Manager and the Exe¢ti Business Manager of 8ac))n's Couege comprise the key managernent perxfflnej of the Chantae Company in chw9e of dire¢ting and controlling. running ar)d operating the Chantat4e cpanY on a day to day basis. The total eosts incurred by the Charrtable Company during the year in respeci of thè remunèration of key management persCne1 was £nl [2019 - £27,134). None of the DirectOf5 received any remuner"on in resp8rt of Ihe seN¢es during the year 12019 - £nill. None of the DirecloTS were reimbwsed for arry experws during the year12019- £niD. 6 Taxation Bacon's College Community SeryTrs Limfted 1$ a registered ¢harity and thtrfore is not liable to income tax or Cotn tax on income denved from ts charrtablè adiwtiès. as falb within the var•Ju$ exemptiOr available to wistered carilwés. Bacon's College Commwtity Services Limited 17
N•)tes to the Ilnanclal statements 31 August 2020 7 Tangibl• fix•d assets Melsh 115 DeO&eTht FrXS, Buiklirs Grass aTrJ Thtings arnl o)sts ATP wich#S equIent Leasehdd tosts Totsl Cost At 1 Septert• 2019 Dw)ca15 At 31 AwJu$l 2020 116.Ci)5 988.993 994.1L 11,821 1110.925 116.ts)5 966.WJ 994.106 11.821 2.110.925 At 1 Septerter 2019 Chargg for Ihe y th'sposals At 31 Auyus12020 22.438 1.933 217,507 19,780 609.375 55.7C 11.821 861.141 77A21 24.371 237.287 865.083 11.821 J38.$62 Nel ts¢ valu At 31 Augu512020 At 31 AwJusl 2019 91.634 751.7C 93.S67 771.486 329,023 384,731 1.172.363 1,249,784 L•asohcl 8u*fvJ Grass aTrJ rrttings and Costs A TPpAches gqUiWlJ8nt At I Seplember2018 116.CV5
M993 994. 106 17,611 {5,790) 11,821 2,116,715 (5,790) 2,110.925 At 31 Augu812019 If6.th)5 988,993 994, 106 Deprw"ati At I S•ptemb8r2018 197,727 19,7KI 553,667 5&7L 17,321 789.219 77,712 (5.790) 86t. 141 1.934 Dispa98ts At31 Auguse2019 (5.790) 11,821 22.438 21T.X)7 609,375 At31 Augu5t2019 At 31 August 2018 93.567 *5.1 7T1,486 384.731 791.266 440,439 1.249,784 1,327.496 290 8 D•btOfS 2020 2019 Tradt debtois PPaYMents Amwnt due Irun relatsd undertakn.ry Inole 12} 7,887 1.070 4.627 1.983 29.990 36,580 8.95T Bacon's College C(mmlty servi Limited 18
Notes to the financbal stalomgnts 31 Awust 2020 9 Crnditorn: amounts lalllng the wlthln one year 2020 2019 22,022 35.579 10,924 61.832 130.357 A¢£ruals VAT payab 4.800 20,918 1.t97 36,002 io [pted urthrtskings Inote 121 10 CY•ditors: amounts falllng due after mort than one ye¥ 2020 2019 Amount to re urklen"ng$ In( 121 Sundry cTrditors 638.433 188.157 . 838.830 173,323 812.1S3 11 Desrynated fund A68tl Asat Seplemter Reased 31 Augu$l 2019 d853fiaibJns 2020 &nkiw hjnd 171.958 171.958 tembgr Reha$8d 31 Auoust 2018 desyialion$ 2019 575,619 1343.661J 171,958 It ha$ been agraed Ihal the sinkiThJ fuThJ should o)ver Ihe fvlure feplacement of the ATP football pilth surface5 in line wth Ihe temis of the FootbaN Foundati.$ funding agieement. Bn.$ College Communty Serwces Limited 19
Nots$ to the financial slatements 31 August 2020 12 Related parties On 1 March 2018 Bacon's Collrye jtyned Unitèd Leaming Tfust, an exernpt charity and a company limited by guaraniee (Cornpany No. 04439859). Unjled Learning Trust manages the operatn of a group of academw to provKle edtrt lor Students of drfferent atslitRs from nursery to age 19. 8acJ)n'$ Colge Communty SeMce$ Mited18CCs Ltd) was set up by Bacon's College in order lo develc4) Mdlish Fièlds (Wth adjoins its own proF4rtyl for recreab'onal facilrtie5 f the kncal Communty. Mellish Fiebjs is owned by the London Borough of Southwark and is aSed to 8CCS Ltd. Unrted Leaming Tru$1 is a guarantor in respect to the Melish Fiekls ase betrween the London Borcmjgh ofsouttwath aThJ BCCS Ltd. The Chief ExecLrtive Officer and ts¥o sen¢or management personrl of United Leaming Groupserved as director5 of BCCS Ltd during the year. During the year. BCCS Ltd was tharged loan intere51 of £9.814 by Unrted Leaming Trust (2019 - £9.814) and recorded a management fee credit of £30,342 12019 - £nill with United Leaminy Tnjst. The manayement fee dit recorded during the year reflects the reversal of staff co515 and audit fees aoyLJed in pr periods that will nL) longer be recharged ffom Unrted Leaminq Trust (see note 21. Dunng the year. BCCS Ltd charged Unrted Leaming Trust £nil for the yse of its fau'litb'es by Bacon's College pupils 12019 £37.7831. At 31 August 2020. 8CCS Ltd cAv•d £638,433 to United Leaming Trust {2019 - £7(K).6621 and was oe11 £nil by Unrte(1 Leaming TTU$t (2019- £1. Bacon's Colege Educatvjnal and ComThinty knics kn"mited IBCECS Ltdl (Company No. 028132151 was the wholty ryAfned trading subsKJiary of 8aLx)n'$ College. On 1 March 2018 the assets and ILth"btie5 018CECS Ltd were transferred to ULT Trading Company Limited Icofflpany No. (6791313). Two of the direclNs of BCCS Ltd served as directors of ULT Trading Company miled from 1 Mar¢h 2018. During the year BCCS Lld was ¢harged a management fee of £nil by ULT Tradin9 C(Mnpany Limited for the runnir4J of BCCS Ltd 12019 £37.7831. At 31 Augu$l 2020, BCCS Ltsl was £nil from ULT Trading Company mrted {2019 - £29.69DI and £1,197 was (xyed to ULT Tradry Conwany Lifflited {2019- £nill. 13 Finan¢e ¢ommiknents At 31 August 2019. the totsl of the Charitable Company's fiJture minimum se payments under rtLYkeancdlablg operating for land were as IdlrJ•ts'. 2020 2019 duewithln yeaf 14.833 59.332 627,679 701,8M 14.833 59.332 642.512 718.677 Amounts due after fi¥e year3 Bxon's College Community Services Limited 20
Notes to th• financlal statements 31 AwJust 2020 14 Anatysi$ of n•1 ass•ts bvtwe•n fvnd5 UnStriCted luTrJ Deswat•J fund 2020 Total General luThJ Tarytle fixe¢J wets Net tsJttent assets credito fallry dug morp than onèye Net assets 1.172.363 1.227 1.172,363 173,185 1826,5901 518,958 171,958 347.cf 171,958 Dewnatod fvt7d 2019 Total Gen8rajTrd T8NJd)le fixed 88sets h*1 Cunt (h'•tslib"es) ossets 1,249,781 (22,212) (812.1) 415.419 1.249,784 149,746 (812, 1531 587,377 171.958 Atstèssets 171.958 15 Sharn capllal The Ch8rrfab Ccrfnpany is limrted by guarantee and has Th) share ¢apital. Each member ol Ihe Charitable Company guarantees to subs"be such amount as may bg requir•d for the purFWS oflhe Chaiitable Company. nol exceeding £1. Bacon's Colkge Communty Services Limitgj 21