Rwstrar of Companies Bacon's College Community Services Limlted Annual Report and Financial Statements 31 AthjE￿I 2020 05321174 {ENJLw>J arn1 W*8s1 1111158 *Ath5FVE6Q' 2PJ05Q021 ANIES HOUSE A13 Contents Reports Refeferrfx and administrative detads Directors. report IrKJependent audiéoT'S report &10 Financial $tstymgnts &atemgnt of f￿anCIal aclivit BaLarr£ sheet 12 Principal xcounting poli 1&15 Notes to the financyal statements 1&21 Bacons Col*e Ccmmunty Services Limited Relerence and admlnistrative detslls Dlrn¢torn &r Jon Cobs Louise Johnston Anna Pa￿* Le•(lefship T¢am MKk Ha$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 {En￿and Wales) CIArlty regi$trdtion number 1111158 Audltor Buzzac))tt LLP London EC2V 60L Bonke NatK)n81 ￿mInster Bank pk PO Box 9765 201 T￿￿eY Street London SE12ZH Bxon's Comege Communty Services Limited Directors, report Year to 31 Auwsl 21y20 The Board of Directry5 present thwr statulory report together wrth the finawal statements of 8acons College Communrty Seryw ￿mIted Cthe Chwilable Company'l foi the year en¢Jed 31 August 2020. The report h¥s been prepared in a¢cx)rdano wilh Part 8 of the Charitie$ Act 2011 and ctsnstilules a diredor5' report for the purpose of company *islBtK)n. The financial statements ha¥e been prepared in act￿dance wrth acco￿ling policies set c*rt on pages 13 10 15 of the atta¢h8t1 fina￿181 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 ¢harit*s 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 recreal*Jn 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 col￿ge. 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 be￿fft. ACTIVITIES. ACHIEVEMENTS A140 PERFORMAIICE The main purpose of the CharIta￿e Company remains that of making SPOrtin9 faulilies available lor conmunjty use as widety as possib￿. Unfortunatety. during the COVID-19 paTrJemic. dosures of sporting la01￿e5 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 Charila￿e Company's faolities through a targeted m¥ketirvJ approath shoukl ￿¥d to Thicreased Ltsage and tumover in luty￿ years. B￿n'S College Cornm￿ty Services Limited Directorn. report Year lo 31 August 2020 FIIIAMCIAL REVIEW . The resuhs for the year a￿ sh￿n 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 I￿uded charitable thiies of £148,328 12019- £271.5811 and loan seThx?ng costs of £9.814 {2019- £9.8141. The net M0￿ment in luThJs ts the year was a defiat of£68.419 (2019- £68.233 de￿￿1). 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 F￿ltsaI1 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 Sur￿US by £1.227 after exduding tangible fixed assets and ueditors i*Je after m￿e 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 w￿trr community of the sporting activit￿ and fauliéies availab￿. 11 was also hoped that systems and pwdures uld be streamlined and modemi"$ed. The COVID-19 ¢bsures have meanl that Ihis has not been as suc£essful as was hoped. The loss of irwme has Mot￿ated the leadership team to make the derySI￿ lo review opeiaiions: a cost anatysis of the best ways of working will be rarried oul to assess ways of offsetting the of income caused by the pandemic c105ures of sporting f￿"Irt*s. Moknin9 fo￿d, rt is hoped Ihat a more slfeamlined way of workn.ng will facilitate the m0dern1sa￿n of prttesses as well as w¢der d￿lIa1 marketing and bran¢J management. all wilh a to enharrAng usage of the Charrtabig Compan1$ ¢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 fina￿la1 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 Se￿￿e$ ￿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 AssoCAt￿n of the Charitable Company wuire a minimum of two direclors to be in office at any lime {the M￿muM number of directots is up to 251 One third of the directors retwe by rOlat￿n 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 bI￿red by Ihwr ￿direCtorS ￿ the history of the Charitable Company, the day-ttrday management, Ihe resp(￿SIbilit￿5 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￿$traINe detsiLs on page 1. None of the Diredors recevled any rem￿eratIon from the Charitable Company dl￿ng the year. The Directors are Ulb"Mate￿ responsibk for the polKies, aciN*I"es and assets of t Charitable Company. When necessary, the dhrectors seek ath"¢è and support from the CharitatAe Company's professMal advisers indud¢ng rts solitylors, bankers an xjuntants. The F*rsonnel at Bacon's College administw payments and keep lh• acc£Junting recDrds of Charitable Company. Bacon's College 15 part of Unrted Leaming Tru$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 a￿1 19. wthin 8 Church of England ethos and wth an emphasis on I￿1141 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 Gr￿p serye as dIreCt￿S of BaC￿'S Cofege Com￿￿nty 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 dIreCt￿S have assessed the major risks to wh¢h ihe Charrtable Company is expos¥d to. The directors be￿eve that by moniitiring reserve levels. by ensuring controls frxist over key financial systems. and by examinin9 the Ope￿10Th81 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.. crynpet1l￿n- 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 t￿11 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 direc*ing 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. B￿n,$ 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 Cre￿e awareness in the WKJer communty of the sporting actiwties and fao'liti'es available. ft was also hC￿ that systems and prcttdu￿s 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 ￿$1 anatyss of the l>est ways of working will be carried o(rt to as5es8 ways of offsèttin9 the loss of income caused by the p￿rniC dosures of sporting facilitVèS. Movirrfj fward. 4t is hoped that a more streamlined way of workn'ng will facjlitale the modemis8￿n of prcwses as well as wHler digital marketing and brand rnar￿gernent, all with a View lo 8nhanarwJ usage of the Charitable Company's communty facAlrties. COVllk19 The impact of the COVID-19 panderni¢ has dearfy been &gnifi¢ant for the OFerations of the Charitable Company and the k)ck¢J(Mn restrKti"ons have meanl a reduction in income streams partty offset by operats￿al sabryngs. The i*rectors acknowledge aThJ rewlse ts potential impac* of the COVID-19 pandemic on the ftrture Operat￿n$ of the Charrt*tr5e Compwy. its bene￿arles, partners and stakeholders and on wider 50c*ty. As well as the personal risk lo health of its s&iff, Ihe Charitable Company may t05e planned income 8$ the of further reStr￿tionS 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 effec*Nely for Ihe medium lem but il is rM)t an￿1pated at the current time that the overall financtal posrtion of ttte Charitab￿ Company will b• ajversety affe(*•d or its fmanoal 50fr4w thre*ned. As ment*Jned on page 3. the direotys have reeerve(18ssuranc¢ thal United Leaming TTUSt w￿1 not demand repayment ol the loan to the charitab￿ Company arml the intercompany balance due * year end until there are Suff￿4ent 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 Gerter￿ty 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 In￿lMe and exwnditure of the charitab￿ Comparw for thal perK)d. Under t￿mpaThy 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 2￿20 STATEMENT OF DIRECTORS. RESPOPISIBILMES (continue In preparin9 Ihese fina￿￿ *atements, the Direciors are ￿qUIred to.. select suitable a￿ntry polioes and then appty Ihem umshslgnlFy". observe Ihe methods and prin¢iples ol Axountmg and Reporting by CharitEs'. ststement of Reo)mmend8t1 Prath"ce appI￿able 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)n￿M 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 2￿6. 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 Mrfcrnl￿n 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 rel￿ant 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 a￿1 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 88￿n.$ 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 applu￿e 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 st*e of the Charhtatle CompanY$ affa￿5 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(tc*daTh* *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 ap￿ICable Law. Our responsibilities under those standards are fwiher describei1 in the Auditors responsibilrfies for the audit ofthe f￿a￿la1 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 Ethif*l Standard. and we have fulffilled our other ethKal responsibilth"e$ ir) a¢cordance with these requirements. We bÈlie¥e that the audrt evKIef￿e we have obtained is sulfjcient and approprote lo provide a basts our 0￿n￿n. 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 finan￿al stslements any identified materi81 UrKertain1￿S 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￿$￿ kn the other 1nknnalK￿. The other inlomat￿n ¢omprises the informathm induded in the ￿nual report other than tha financial Statemènts and our auditorfs repwt thereon. Our w"n￿rt i)n the finanoal ststemerts does not cover the other informatron and. except to the extent othep*r5e Èxpk"cJly st8led in our report, we d? not express any forni of assurance O￿luSic￿ thweon. In ¢onne¢tion V*ilh our aLMlit of the financial statements. cojr responsibilrty is to read the other informath)n and. in doing so. ojnwder vthether the other inf¢)miatKJn is m*er¢alty inconsistent with the ffinanryal statements or our kn(ywkdge otsta1￿d in the audtt or othe￿iSe appears lo be mateftalty misstated. If we Klentrfy su¢h material in¢￿SISten¢￿S or apparent materFal mi5ststsments. we are requi￿1 to detemine wheiher there is a material misstatement in the finanryal statements or a mateEial misstslernent of the tsther information. If, baset1 on Ihe wort we have perforn)ed. we condude Ihat there is a material misstatement of this oifw infomiab"on. we are required to reFQrt thal fact. We have nothffig to reF*Yt in Ihi$ 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 appl￿bIg logal requirements. M*tt¢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 ￿entth￿d material misststefflents in the d¥ed(￿s. retx)rL We have nothing to reF*xi ￿ respect of the ftAlthYing matters in rela￿n to which the Ccthpanres Acl 2(MIS requrres us to rewt to yw Fl. in ¢)ur opmion." • adeql￿te armun￿9 reclvds have rn)t been kept: or • the finan¢ial statemerts are not in agreemont writh the accoun￿g 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 8￿ft'S College C￿nMunity Services Limited Independent audito￿3 report Year to 31 August 2020 Responsibllities of directorn As explained more fijlty in the dwlors, responsibdities 5tstement, the Directors a respon￿bIe 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 Compan*s ablrty to continue as a gtyng eoncem, disdosing, as applicable, maiters related to going (¥￿ern arKI usrng the goiNJ conc*m 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 misst*ement. whether due to fraud or error, and lo issue an auditorfs roport that inckK1e$ our Opin￿n. 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 ￿Spon￿bIlit*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 PU￿se. To the fullest èxtent pemiitted by Law, we do not accepi or assume respon￿bi1￿Y to anyone other than the Charitsble Crynpany and the Chantable Companvs members as a body. for OUT a￿lIt 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 c￿munity Services Limited 10 Ststsm¢nt of flnancial activities Year to 31 August 2020 Unrestrici&J funL1¥ Total 2020 Totsl 2019 Income frorn.. Inkrest r￿Nab Charitable acbvrbes Total I￿e 318 212.844 213,162 89,377 Charita￿? acbw 148,328 9,814 1S8,142 271.581 9.814 281,395 Total •xwndiur• Nèt •xp*￿Il￿rÈand ntt 168.2331 FI￿￿ ba*nc•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 fallir*J ¢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 fur*JS . General fvnd . De￿9ndled frjnd TO￿ fvnts 347.000 171.958 $18.958 415.419 171.958 587,377 11 Approved by the DIr￿or$ and signed on their behalf by.. LOUI￿ Johnston Dire¢lor 25 May 2(KJ1 c￿￿panY Registration Number.. 05321174 (Eryland and lthksl. Ba￿n.$ 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 fina￿181 statemenls ha￿ been prepared Ity Ihe year to 31 August 2020 and are rounded to Ihe nearest pound. The fmanoal s￿ementS have been wepared LM)der the hi*torI¢￿ cfjst ￿NventIon vAth stems recognised at cost or Iransa(1￿n value unless otheThvise stated in thè relevant a￿ol¥ll1n9 p)Ircaes bekw or fv rths to these fmarKial statenths. The fina￿￿1 statements h8%e been pw¢pa￿d 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 ICharit*s 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 finan￿al 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 wh￿her 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 t￿ntS or C￿d￿￿)n5 that may cast slgnffj￿ant 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 rella￿Y 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. ¥INEStm￿l In￿Me ar¥J inD)me from the provisiC￿ of recreational fxililie& Donal￿n5 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 proba￿t. In the event that donation rs subje¢i to condTbons that a level of perfom)an¢X t*foo thè Ch8ritable Compary is enlilled to the funds. the InC￿me is deferred arK1 not recoynised until either those 9)rKIrt￿n$ 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 conditi￿S 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"fK*ion 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 ecOn￿1C beneffts witl be required in 5etlSewt arwj the amwnt of the Obk.gat￿n 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 Classi￿tiOn 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 expeTrJ*ure. Other expendilure o)mwLses of interest payab￿. All expeTrJiluTe is slated exdusNe of VAT. whth ￿ reLy)¥ered. Financial $￿trum￿n￿ The Chantabk Company ha$ financial assets and finantyal liabilrties of a kind that qualfy as basic finantsal in5trumems. Basic finanrial inStru[r￿t5 are initi'ally recogrused at Iran$action value and 5ubsequenlly measu￿￿ at Iheff settlement value. DebloTS a￿ rec&)gntsed at ￿1r settlem8nl aA￿unt, less any provishx for non. re¢over8bilty. Prepayments are valued at Ihe amount prepaid. They have been discounted to the present value of Ihe frrture ￿sh receipt where sucth discounling is material. Bacon's ColW Communty Serrfices Limited 14 Prin¢lpal accounting poli¢les Yearto 31 August 2 Casb at bank and in hand Cash at bank and in hand represents suth ￿Ounts and instruments that are available on demand or have a matuiity of less than three months from the date of a￿VisItion. CY¢ditors and provhsk*n Creditors and provis*)n5 are rects3nised vthen there is an obb"gatth at the baLqn¢e sheet date as a re￿J￿ of a past everf. rt is wobabk thal a transfer of economic benefft will be required in seluement, and the amount of the settlement ¢an be e51imaled reliabty. Credilots and prowsic¥)s a￿ rewgntsed at the amount Charitable Company Int￿Pate$ 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 c*gcts. Designated funds Comp￿ mon￿$ set aside 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 P￿PaYMents 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(mm￿lty 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 [p￿ted 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 Re*ased 31 Augu$l 2019 d85*3fiaibJns 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. B￿n.$ 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 operat￿n of a group of academw to provKle ed￿￿t￿rt lor Students of drfferent atslitRs from nursery to age 19. 8acJ)n'$ Col*ge 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$1 is a guarantor in respect to the Melish Fiekls ase betrween the London Borcmjgh ofsouttwath aThJ BCCS Ltd. The Chief ExecLrtive Officer and ts¥o sen¢or management personr*l of United Leaming Groupserved as director5 of BCCS Ltd during the year. During the year. BCCS Ltd was tharged loan intere51 of £9.814 by Unrted Leaming Trust (2019 - £9.814) and recorded a management fee credit of £30,342 12019 - £nill with United Leaminy Tnjst. The manayement fee ￿dit recorded during the year reflects the reversal of staff co515 and audit fees aoyLJed in p￿r periods that will nL) longer be recharged ffom Unrted Leaminq Trust (see note 21. Dunng the year. BCCS Ltd charged Unrted Leaming Trust £nil for the yse of its fau'litb'es by Bacon's College pupils 12019 £37.7831. At 31 August 2020. 8CCS Ltd cAv•d £638,433 to United Leaming Trust {2019 - £7(K).6621 and was o*e11 £nil by Unrte(1 Leaming TTU$t (2019- £￿1. Bacon's Colege Educatvjnal and ComThinty knic*s 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 Un￿StriCted 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 Gen8raj￿Trd T8NJd)le fixed 88sets h*1 Cu￿nt (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