Bacon's
College
Community
Services
Limited
Annual Report and Financial
statements
31 August 2023
Company Limited by Guarantee
Registration Number
05321174 (England and wa￿8)
Charity Reg￿trat￿n Number
1111158

Contents
Reports
Reference and administrative details
Directors, report
Independent auditor's report
8-10
Financial statements
Statement of financial actniities
Balance sheet
12
Principal accounting policies
13-16
Notes lo the financial statements
17-21
Bacons College Community Services Limited

Reference and administrative details
Dlrector$
Sir Jon Coles
Suzanne Johnston
Anna Paige
Leadership Team
Bryan Gobin
Samuel Harry
Deborah Turner
Company secretary
Alison Hussain
Registered office
CIO United Learning
Worldwide House
Thorpe Wood
Peterborough
PE3 6SB
Company registratlon number
05321174 (England and Wales)
Charlty reglstration number
1111158
Auditor
Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Bankors
National Westminster Bank p
PO Box 9765
201 Tooley Street
London
SE12ZH
Bacon's College Community Services Limited

Dlrectors, report Year to 31 August 2023
The board of Directors present their 5talulory report together with the financial statements of
Bacons College Community Services Limited I'lhe Charitable Company") or {°BCCS"I for
the year ended 31 August 2023.
The report has been prepared in accordance with Part 8 of the Charities Act 2011 and
constilules a Directors, report for the purpose of company legislation.
The financial slalements have been prepared in accordan￿ with the accounting policies sel
out on pages 13 to 16 of the attached financial statements and comply with the Charitable
Company's Memorandum and Articles of Association, applicable laws and the requirements
of Accounting and Reporting by Ch8rilies'. Statement of Recommended Practice applicable
lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 1021 effective from
accounting periods commencing 1 January 2015 or later.
SPECIFIC 08JECTIVES
Charitable aims and specific objectives
The objectives of Bacon's College Community Services Limited, as slated in the
Memorandum of Association, are lo provide or assist in the provision of facilities in the
interests of social welfare for recreation or other leisure lime occupation of individuals who
have need of such facilities by reason of their youth, age, infirmity or disability, financial
hardship or social circumstances with the object of improving their conditions of life.
The overall aim of the Charitable Company is lo provide sporting facilities lo the local
Community for recreational use on Mellish Fields which adjoins Bacon's College.
Public beneflt
In setting the objectives and planning activities for the Charitable Company, the Directors
have given careful consideration lo the Charity Commission's general guidance on public
nefil.
ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
The main purpose of the Charitable Company remains that of making sporting facilities
available for community use as widely as possible. The refurbishment of the 3G 11-a-side
pitch has been completed lo maintsin il in line with Football Association required standards
and the Football Foundation have confirmed that the pitch is included on The FA 3G
Football Turf Pitch Register. This has enabled BCCS lo increase prices for use of this
unique asset in line with cost inflation whilst ensurlng il remains value for money for the local
community.
Bacon's College Community Services Limited

Directors, report Year lo 31 August 2023
FINANCIAL REVIEW
Results for the year
The results for the year are shown on page 11.
Total income for the year was £198,01212022 £167,183) and has increased primarily due
to increased prices for services offered. Total expenditure for the year amounted to
£299,276 12022 £178,823} and has increased primarily due lo the ￿sumPtion of salary
recharges from United Learning Trust for the seven members of staff that support the
running of the Charitable Company. This included charitable activities of £289,462 12022
£169.0091 and loan servicing costs of £9,81412022 - £9,814}.
The net movement in funds for the year was a deficit of £101,26412022 - £11,640 deficill.
Financial position
The balance sheet shows total funds of £288,124 12022 £389,388), of which £288,124
12022 - £217,430) related lo the general fund and £nil 12022 £171,958) to a designated
fund {nole 111.
Reserves policy and going concern assessment
11 has been agreed that free reserves should be the equivalent of three months of planned
expenditure for the subsequent year. excluding depreciation and losses on disposal of fixed
assets. This approximates lo £43,500. As al 31 August 2023, the Charitable Company's
geneml fund balance was £288,124 and free reserves were £2,575 after excluding tangible
fixed assets and creditors due after more than one year.
In order lo increase free reserves. the Charitable Company has successfully launched a
new website which has raised the number of enquiries into the services offered and
improved uptake during the year. Marketing through social media has begun in earnest and
is supported by the marketing resources of United Learning. Embracing the marketing
strategy and embedding it into the business is one of the key objectives for the BCCS
leadership team and these activities are expected lo increase the demand for services in the
futtjre. Furthermore, pitch letting fees are reviewed annually to rellecl market rate more
accurately. The future intention is to raise prices year on year in line with inflation. The
refijrbishment of the 3G 11-a-side pitch is also expected lo increase the demand for
services and allow BCCS lo raise prices further as the enhanced quality of the pitch
provides a unique asset with no significant competitors in the locality. Prices will however
maintained al as fair a rale as possible to ensure high levels of continued local
community use.
The BCCS leadership team intend lo review opportunities for the
refurbishment of the two smaller pitches in the near future.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2023
FINANCIAL REVIEW Icontinuedl
Reserves policy and golng concern assessment Icontinuedl
After making appropriate enquiries, including full consideration of the impact of the current
economic climate, the Directors have a reasonable expectation that the Charitable
Company has adequate resources lo continue in operation81 existence for the foreseeable
future.
United Learning Trust have provided assurance that they will not demand repayment of the
loan to the Charitable Company and the inlercompany b2Iance at year end until there are
sufficient financial resources lo make the repayment.
Based on the above, the Directors believe that the Charitable Company is a going con¢em
for at least 12 months from the dale of approval of these financial statements.
GOVERNANCE. STRUCTURE AND MANAGEMENT
Constltutlon
Bacon's College Community Services Limited is a company limited by guarantee (Company
No. 053211741 and a UK registered charity (Charity No. 11111581. The Company was
incorporated on 24 December 2004 and registered as a Charity with the Charity Commission
on 2 September 2005.
Members, Ilabillty
In the event of the Charitable Company being wound up. members are required to
contribute an amount not exceeding £1.
Governance
Directors are appointed by ordinary resolution in a general meeting or by other Directors.
The Articles of Association of the Charitable Company require 8 minimum of two Directors
to be in office at any lime (the maximum number of Directors is up lo 251. One third of the
Directors retire by rolalion at the annual general meeting and, if eligible, may be re-
appointed.
On agreeing to become a Director of the Charitable Company, the Directors are thoroughly
briefed by their Go-Direclors on the history of the Charitable Company, the day-lo-day
management, the responsibilities of the Directors, the current objectives and future pSans.
The Directors are also encouraged to allend any courses which they feel are relevant lo the
development of their role, and to keep up-lo-date on any changes in legislation.
The names of the Directors who served during the year are sel out as part of the reference
and administrative details on page 1.
None of the Directors received any remuneration from the Charitable Company during the
year.
Bacon's College Community Services Limited

Directors, report Year lo 31 August2023
GOVERNANCE, STRUCTURE AND MANAGEMENT Iconlinuedl
Structure and management reporting
The Directors are ultimately responsible for the policies, activities and assets of the
Charitable Company. When necessary, the Directors seek advice and support from the
Charitable Company's professional advisers including ils solicitors, bankers and
accountants.
The personnel at Bacon's College administer payments and keep the accounting records of
the Charitable Company.
Relationships with other organisations
Bacon's College is parl of United Learning Trust, an exempl charity and a company limited
by guarantee (Company No. 044398591. The principle object of the College is lo provide
education for children of different abilities bebNeen the ages of 118nd 19, within a Church of
England ethos and with an emphasis on digital media and technology.
The College set up Bacon's College Community Services Limited in order lo develop Mellish
Fields (which adjoins its own property) for recreational facilities for the local community.
Mellish Fields is owned by the London Borough of Southwark and is leased to the
Charitable Company.
The Chief Executive Officer and two senior management personnel of the United Learning
Group serve as Directors of Bacon's College Community Services Limited.
The day-to-day financial administration of the Charitable Company is carrted out by the
employees of United Leaming Trust
Risk management
The Directors have assessed the major risks to which the Charitable Company is exposed
lo. The Directors believe that by monitoring reserve levels, by ensuring controls exist over
key financial systems, and by examining the operational and business risks faced by the
Charitable Company, they have established effective systems to mitigate those risks.
The Directors consider the key risk facing the Charitable Company to be..
* Competition - The City of London Academy offers a $imilar service in the area. This is
just two miles away. BCCS could face strong competition due to pricing or lack of
availability of pitches for hire. Our prices have been benchmarked against the local
competition and they are comparable.
+ Financial pressures - The Charitable Company is reliant upon income from the lelling of
sporting facilities. An economic downturn andlor cost inflation could have a direct impact
on the levels of funding available and on affordability of the current operating model,
resulting in an inability lo cover costs. Management consider that the Charitsble
Company has adequate reserves lo cover a shortfall in income and will continue lo keep
this under review.
Bacon's College Community Servi￿$ Limited

Directors, report Year to 31 August 2023
GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)
Key management personnel
The Directors consider that they together with the Operations Manager, the Facilities
Manager and the Executive Business Manager of Bacon's College comprise the key
management personnel of the Charitable Company in charge of directing and ¢onlrolling,
running and operating the Charitable Company on a day to day basis. Details of
remuneration to key management personnel are included within note S.
FUTURE PLANS
The BCCS leadership team intend to create even more secure networks with local FA
ft)olball clubs across all ages lo increase the use of facilities for grass-roots football. The
BCCS leadership team also intend lo review opportunities for the refurbishment of the b)Jo
smaller pitche5 in the near future. Marketing will continue lo be a priority and links will be
sought with local companies lo encourage the hire of the pitches for team building, adult
group sports and other community use. An improved online booking system allowing for
hire lo be booked more quickly and easily is lo be explored with a view lo maximising
lellings and reducing gaps belween hires.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The Directors (who are also trustees of Bacon's College Community Services Limited for the
purposes of charity lawl are responsible for preparing the Directors, report and financial
statements in accordance with applicable law and United Kingdom Accounting Stsndards
Iuniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Directors lo prepare financial statements for each financial year
which gwe a true and fair view of the slate of affairs of the Charitable Company and of the
income and expenditure of the Charitable Company for that period. Under company law the
Directors must not approve the financial slalemenls unless they are satisfied that they give
a true and fair view of the stale of affairs of the ChaTitable Company and of the income and
expenditure of the Charitable Company for that period.
In preparing these financial statements, the Directors are required to..
• select suitable accounting policies and then apply them eonsistendy.,
+ observe the methods and principles of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to oharilies preparing their accounts in
accordance with the Financial RepK)rting Standard applicable lo the United Kingdom and
Republic of Ireland IFRS 102),
make judgements and eslimales that are reasonable and prudent..
• stale whether applicable United Kingdom Accounting Standards have been followed,
subject lo any material departures disclosed and explained in the financial statements.,
and
prepare the financial statements on the going concern basis unless it is inappropriate lo
presume that the Charitable Company will continue in operation.
Bacon's College Communily Services Limited

Directors, report Year lo 31 August 2023
STATEMENT OF DIRECTORS, RESPONSIBILITIES Iconlinued)
The Directors are responsible for keeping adequate accounting records that disclose with
reasonable accuracy al any lime the financial position of the Charitable Company and
enable them to ensure that the financial slalemenls comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the Charitable Company and
hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Each of the Directors confirms that..
so far as the Director is aware, there is no relevant audit information of which the
Charitable Company s auditor is unaware.. and
+ the Director has taken all the steps that helshe ought lo have teken as a Director in
order to make himselflherself aware of any re5evant audit information and to establish
that the Charitable Company's auditor is aware of that information.
Statement as to disclosure to our auditors
This confirmation is given and should be interpreted in accordance with the provisions of
s418 of the Companies Act 2006.
Approved by the Directors and signed on their behalf by..
Approved by the Directors on..
2c)ILF
Bacon's College Community Services Limited

Independent auditor's report Year lo 31 August 2023
Independent auditor's report to the members of Bacon's College Community Services
Limited
Opinion
We have audited the financial statements of Bacon's College Community Services Limited
(the 'Charilable Company'l for the year ended 31 August 2023 which comprise the
statement of financial activities, the balance sheet and notes to the financial statements,
including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financi81 Reporting Standard
applicable in the UK and Republic of Ireland, Iuniled Kingdom Generally Accepted
Accounting Praclicel.
In our opinion, the financial stalemenls".
• give a true and fair view of the stale of the Charitable Company's affairs as at 31 August
2023 and of ils income and expenditure for the year then ended..
have been properly prepared in a￿ordanCe with United Kingdom Generally A¢cepled
Accounting Practice,. and
• have been prepared in accordance with the requirements of the Companies Ac12006.
Basis for opinion
We conducted OLJr audit in accordance with International Standards on Auditing IUKI IISAS
IUKII and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We
are independent of the Charitable Company in accordance with the ethical requirements that
are relevant lo our audit of the finan¢ial ststemenls in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained Is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing lo report in respect of the following matters in relation to which the ISAS
IUKI require us to report lo you where..
+ the Directors. use of the going concern basis of aocounling in the preparation of the
financial statements is not appropriate., or
• the Director5 have not disclosed in the financial statements any identified material
uncertainties that may cast significant doubl about the Charitable Company's ability to
continue lo adopt the going concern basis of accounting for a period of al least fvlelve
months from the date when the finaneial slalemenls are aulhorised for issue.
Bacon's College Community Services Limited

Independent auditor's report Year to 31 August 2023
other Informatlon
The Directors are responsible for the other information. The other information comprises the
information included in the annual report other than the fi'nancial statements 4nd our
auditor's report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly slated in our rewrl, we do not
express any fom of assurance conclusion Ihereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and. in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or
otherwise appears to be materially misslaled. If we identify such material inconsistencies or
apparent material misstatements, we are required lo determine whether there is a material
misslalemenl in the financial statements or a material misslalement of the other information.
If, based on the work we have performed, we conclude that there is a material misstatement
of this other infom)alion, we are required to report that fact.
We have nothing lo report in thi5 regard.
Opinions on other matters prescribed by the Companles Aet 2006
In our opinion, based on the work undertaken in the course of the audit..
+ the information given in the Directors. report for the financial year for which the financial
statements are prepared is consistent with the financial statements., and
+ the Directors, report has been prepared in accordance wlh applicable legal
requirements.
Matters on which we are required to report by exceptlon
In the light of the knowledge and understanding of the Charitable Company and ils
environment obtained in the course of the audit, we have not identified materi81
misslalemenls in the Directors, report.
We have nothing to report in respect of the following mallers in relation to which the
Companies Act 2006 requires us lo report lo you if, in our opinion..
• adequate accounting records have not been kept., or
* the financial statements are not in agreement with the accounting records., or
certain disclosures of Directors, remuneration specified by law are not m8de', or
we have not received all the information and explanations we require for our audit.
Bacon's College Community Services Limited

Independent auditor's report Year lo 31 August 2023
Responsibilities of Directors
As explained more fully in the Directors, responsibilities statement, the Directors are
responsible for the preparation of the financial statements and for being satisfied that they
give a true and fair view, and for such internal control as the Directors determine is
necessary lo enable the preparation of financial statements that are free from material
misstalemenl, whether due lo fraud or error.
In preparing the financial slalemenls. the Directors are responsible for assessing the
Charitable Company's ability lo continue as a going concern, disclosing, as applicable,
mallers related to going concern and using the going concern basis of accounting unless
the Directors either intend to liquidate the Charitable Company or to cease operations, or
have no realistic allernalive bul to do so.
Auditor's responsibilities for the audit of the financial statemgnts
Our objectives are lo obtain reasonable assurance about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error. and to issue
an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK} will
always delecl a material misststement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonab
be expected lo influence the economic decisions of users taken on the basis of these
financiaSstalemenls.
A ftjrther description of our responsibilities for the audit of the financial stslemenls is located
on the Financial Reporting Council's website at www.frc.org.uklaudilorsresponsibililies. This
description ft)rms parl of our auditor's report.
Use of this report
This report is made solely lo the Charitable Company's members, as a body, in accordance
with Chapter 3 of Parl 16 of the Companies Act 2006. Our audit work has been undertaken
so that we might slate lo the Charitable Company's members those mallers we are required
lo state lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by law, we do not accept or assume responsibility lo anyone other than the
Charitable Company and the Charitable Company's members as a body, for our audit work,
for this report, or for the opinions we have formed.
Shachi Blakemore Isenior Slalutory Audilorl
For and on behalf of Buzzacoll LLP, Slalulory Auditor
130 Wood Street
London
EC2V 6DL
.?tac&U LLI
Date: 24 May 2024
Bacon's College Community Services Limiled 10

Statement of financial activities Year lo 31 August 2023
Unrestricted funds
Total
2023
Total
2022
Notes
Incomè from:
Intere81 receivable
Charitable activities
Total Income
2,735
195,277
198,012
105
187,078
187,183
Exp&nditure on:
CharilatAe aclwilies
Other
Total expendlture
289,462
9,814
299,276
169,009
9,814
178.823
Nat &xp8ndieuro and net
movement in funds
1101,2641
111,640}
Rèconciliation of funds
Fund balanTrs at 1 September
389.388
401,028
Fund balances at 31 August
288,124
389,388
All of the Charitable Company's activities derived from wntinuing operations during the
above two fi'nancial periods.
There was no other comprehensive income for 202312022.. £nill.
Bacon's College Community Services Limited 11

Balance sheet As at 31 August 2023
2023
2023
2022
2022
Notes
Flxed assats
Tangible assets
1,165,515
1,017,521
Current assets
Debtors
Cash al bank and in hand
44,329
323,432
367.761
31,819
253,704
285,523
Creditors.. amounts falling due
within one year
Net curmnt as$¢ts
9 1365,1861
148,7461
2,575
1,168,090
236,777
1,254.298
reditor8'. amounts falling due
after more than one year
Total nat assèt9
10
1879,9661
288,124
1864,9101
389.388
The funds of the Charity:
Funds and reserves
Unrestricted funds
General fund
Designated fund
Total funds
288,124
217.430
171,958
389,388
288,124
Approved by the Directors
and signed on their behalf by..
Director
Approvedon.. Ik zal
Company Registration Number.. 05321174 (England and Wales).
Bacon's College Community Seryices Limited 12

Principal accounting policles Year to 31 August 2023
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation ol the financial statements are laid out below.
Basis of preparation
These financial slalements have been prepared for the year lo 31 August 2023 and are
rounded to the nearest pound.
The financial statements have been prepared Ljnder the historical cost convention with
items recognised al cost or transaction value unSess otherwise slated in the relevant
accounting poli¢ies below or the notes to these financial stalemenls.
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities.. Slalerllenl of Recommended Practice applicable to charities
preparing their a¢counts in accordance with the Financial Reporting Standard applicable in
the United Kingdom and Republic of Ireland IFRS 1021 (Charities SORP FRS 102}. the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and
the Charities Act 2011. The Charitable Company conslitules a public benefit entity as
defined by FRS 102.
Crltlcal accountlng estimates and areas of judgement
Prepar81ion of the financial ststemenls requires the Directors to mak¢ significant
judgements and eslimales.
The items in the financial statements where these juolgements and estimates have been
made include estimating the useful economic life of tangible fixed assets.
The disposal value of the original 3G 11-a-side pitch that wa5 replaced during the year has
been calculated on the value of the new 3G 11-a-side pitch that has replaced it. but
deflated back to the year of ils original inslalmenl using historic retail price indices
obtained from the Office for National Statistics.
Assessment of going concern
The Directors have assessed whether the use of the going concern assumption is
appropriate in preparing these financial stalemenls. The Directors have made this
assessment in respect to a period of one year from the dale of approval of these financial
statements.
The Directors have received assurance that United Learning Trust will not demand
repayment of the loan to the Charitable Company and the inlercompany balance due at
year end until there are sufficient financial resources to make the repayment. The
Directors of the Charitable Company have concluded that there are no material
un¢erlainties related lo events or conditions that may cast signlficanl doubl on the ability of
the Charitable Company lo continue as a going Concern. The Directors are of the opinion
that the Charitable Company will have Sufficient resources lo meet ils liabilities as they fall
due.
Bacon's College Community Services Limited 13

Principal accounting pollcies Year to 31 August 2023
Income recognition
Incorne is iecognised in the period in which the Charitable Company has entitlement lo the
income, the amount of income can be measured reliably and il 15 probable that the income
will be received.
Income comprises donations, investment income and income from the provision of
recreational facilities.
Donations received are recognised when the Charitable Company has confirmation of
both the amount and selllement date. In the event of donations pledged but not received,
the amount is accrued for where the receipt is considered probable. In the event that a
donation is subje¢l to conditions that require a level of performance before the Charitable
Company is entitled lo the funds, the income is deferred and not recognised until either
those conditions are fully mel, or the fullilment of those conditions is wholly within the
control of the Charitable Company and il is probable that those conditions will be fulfilled in
the reporting period.
Interest on funds held on deposit is included when receNable and the amount can t
measured reliably by the Charitable Company,. this is normally upon nolilicalion of the
interest paid or payable by the bank.
Income from the provision of recreational facilities is credited on an accruals basis.
Expenditure recognition
Liabilities are recognised as expenditure as soon a5 there is a legal or conslruclive
obligation committing the Charitable Company to make a payment to 8 third party, il is
probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably.
l expenditure is accounted for on an accruals basis. Expenditure comprises dire¢l Costs
and support costs. All expenses, including support costs. are allocated or apportioned to
the applicable expenditure headings. The classification between activities is as follow$.'
• Expenditure on charitable activities inclLsdes all costs associated with furthering th8
charitable purposes of the Charitable Company. Such costs include staff costs and
properly expenditure.
+ Other expenditure comprises of interest payable.
All expenditure is slated exclusive of VAT, which 15 recovered.
Financial instruments
The Charitable Company only has financial assets and financial liabilities of a kind that
qualify as basic financial instruments. Basic financial instruments are initially recognised al
transaction value and subsequently measured al their settlement value.
Bacon's College Community Services Limited 14

Principal accounting policies Year lo 31 August 2023
Debtors
Debtors are recognised al their settlement amount. less any provision for non-
recoverability. Prepaymer*ls are valued al the amount prepaid. They have been
discounted to the present value of the future cash re￿Ipt where such discounting is
material.
Cash at bank and In hand
Cash al bank and in hand represents such accounts and instruments that are available on
demand or have a maturity of less than three months from the dale of acquisition.
CredStors and provisions
Creditors and provisions are re¢ognlsed when there is an obligation at the balance sheet
dale as a result of a past event, il is probable that a transfer of economic benefit will be
requiTed in selllemenl, and the amunt of the selllemenl can be estimated reliably.
Creditors and provisions are recognised al the amount the Charitable Company
anlicipales it will pay to sellle the debt. They have been discounted lo the present value of
the future cash payment where such discounting is material.
Fund accounting
Unreslricled funds represent those monies which are freely available for application
towards achieving any charitsble purpose that falls within the Charitable Company's
charitable objects.
Designated funds comprise monies set aside out of unreslricled funds for specifie future
purposes or projects.
Tangible fixed assets
Tangible fixed assets comprise expenditure on the development of Mellish Fields, the
costs incurred in relation lo acquiring a 60 year lease for the sile, and fixtures and fillings.
All assets costing more than £500 are capitalised and are carried al cost, nel of
depreciation and any provision ftir impairment.
Tangible fixed assets are written off over their estimated useful lives on the following
basis..
• Leasehold costs
Life of the lease
• Building costs
2°/0 Straight line
• Grass and ATP pitches
Over 15 years straight line
+ Fixtures and fittings
250A slraighl line
Leases
Rentals applicable lo operating leases where Substantial￿ all of the benefits and risks of
ownership remain with the lessor are charged lo the statement of financial activities on a
slraighl-line basis over the lease term.
Bacon's College Community Services Limited 15

Principal accounting policies Year to 31 August 2023
Statement of cash flows
The disclosure exemptions permitted by Update Bulletin 1 of the Charities SORP FRS 102
have been taken advantage of in these financial statements and a statement of cash flows
has not been prepared.
Bacon's College Community Services Limited 16

Notes to the financial statements 31 August 2023
1 Income from charitable actlvities
2023
2022
Provision of recreatlonal facilities..
Mellish Fields ATP Football Pilch111 a-side)
Mellish Fields ATP Football Pitch15 a-side)
Gras5 Pitch hiie111 a-side}
Grass Pitch hire17 a-side)
Other income
164,940
5,150
18.1B7
1.172
5,828
195.277
139,462
9,495
13,977
3,944
200
167,078
2 Expenditure on charitable actlvltles
2023
2022
Staff costs Inole 51
Occupancy costs
Maintenance costs
Depreciation charg6s Inole 71
Loss on disposal of fixed assets
Other eosts
Bank charges
Governance costs
88,123
41,995
22,399
94,805
20.672
10,394
3,989
7,085
289,462
26,344
41,477
77,421
9,963
3,154
10,650
169,009
3 Other
2023
2022
Interest on loan balance from Bacon's College (note 121
9.814
Bacon's College Community Services Limited 17

Notes to the financial statements 31 August 2023
4 Net movement in funds
This is staled after charging..
2023
2022
Depreuation
Loss on disp08al of fixed assets
Auditorfs remuneration
94,805
20,672
10,650
77,421
10,650
5 Staff costs and Directors. remuneratlon
Staff costs during the year were as follows..
2023
2022
Wages & Salaries
So¢i81 security costs
Pension costs
Staff training costs
70,188
6,422
11,390
123
88,123
Staff costs during the current year relate lo salary recharges from United Learning Trust
for seven members of staff on a part lime basis. Staff costs during the prior year were
borne by United Le2rning Trust including that of key management personnel.
The Directors consider that they together with the Operations Manager, the Facilities
Manager and the Executive Business Manager of Bacon's College comprise the key
management personnel of the Charitable Company in charge of directs'ng and controlling,
running and operating the Charitable Company on a day lo day basis. The total costs
incurred by the Company during the year in respect of the remuneration ol key
management personnel was £30,752 12022 - £nill. None of the Directors received any
remuneration in respect of their services during the year {2022 £nill. None of the
Directois were reimbursed for any expenses during the year12022 - £nil}.
6 Taxation
BCCS is 8 registeTed Charitable Company and therefore is not liable lo income tax or
corporation lax on income derived from ils charitable aelivilies, as il falls within the various
exemptions available to registered charib'es.
Bacon's College Community Services Limited 18

Notes to the financial statements 31 August 2023
7 Tangible fixed assets
Mellish Field8 Developrnent
Fixtures.
Building Grass and filtings and
Costs ATP pitches equipment
Leasehold
costs
Total
Cost
Al I Soplember 2022
Additions
Dispos81s
At 31 Augu812023
116,005
988,993
994.106
224.825
1129,6651
1.089.266
11,821
38.646
2,110,925
263,471
1129.6651
2,244,731
116,005
988,993
50,467
D?preciation
At 1 September 2022
Disposals
Charge for the y$ar
At 31 August 2023
28,237
276,847
776,499
1108,9931
63,430
730,938
11,821
1,093,404
1108.9931
94,805
1,079.216
1,934
30,171
19,779
296,626
9,662
21,483
Net book value
Al 31 August 2023
Al 31 August 2022
85,834
87.768
692,367
712,146
358,330
217,607
28.984
1,165,515
1,017.521
8 Debtors
2023
2022
Trade debtors
VAT receivable
Amount due from related undertakings {nole 121
Prepaymènts
30,372
8,459
2,092
3,406
44.329
29,412
2,407
31,819
9 Creditors: amounts falling due within one year
2023
2022
Trade creditors
Acoruals
VAT payabl&
Amount due to related undertakings Inole 121
2S5,612
21.574
23,063
7,428
4,261
13,994
48,746
88,000
365,186
10 Creditors: amounts falling due after more than one year
2023
2022
Amtruril due to Telaled undertakings (note 121
Sundry credilors
652,309
227,657
879,966
647,087
217,823
864,910
Bacon's College Community servI￿s Limited 19

Notes to the Ilnancial statements 31 August 2023
11 Designated fund
Asa11
Septembèr
2022
Asat
31 August
2023
Funds
ulilised
Sinking fund
171,958
1171,9581
As8tl
As21
S6pt6mber
Released 31 August
2021 d8signalions
2022
Sinking lund
177,958
171,958
A sinking fund was created lo cover the replacement of the ATP football pitch surfaces in
line with the terms of the Football Found21ion's funding agreement. This fund was fully
ulilised by the replacement of the ATP football pitch surfaces in the current year.
12 Related parties
On 1 March 2018 Bacon's College joined United Learning Trust, an exempl charity and 8
company limited by guarantee {Company No. 044398591. United Learning Trust manages
the operation of a group of academies lo piovide education for students of different
abilities from nursery lo age 19.
BCCS was set up by Bacon's College in order to develop Mellish Fields (which adjoins its
own property) for recreational facilities for the Ioc31 community. Mellish Fields is owned by
the London Borough of SouthwaTk and is leased to BCCS. United Learning Trust is a
guarantor in respect lo the Mellish Fields lease be￿een the London Borough of
Southwark and BCCS.
The Chief Executive Officer and senior management personnel of United Learning
Trust served as Directors ol BCCS during the year.
DLJring the year, BCCS was charged loan interest of £9,814 (2022 - £9,814) and staff
costs of £88,00012022 - £nill by United Learning Trust. At 31 August 2023. BCCS owed
£740,309 to United Learning Trust12022- £647.0871.
ULT Trading Company Limited {Company No. 067913131 is the wholly owned trading
subsidiary of United Learning Trust. Two of the Directors of BCCS served as Directors of
ULT Trading Company Limited from 1 March 2018.
Al 31 August 2023, BCCS was owed £2.092 from ULT Trading Company Limiled12022 -
BCCS owed £13,994 to ULT Trading Company Limiledl.
Bacon's College Community Services Limited 20

Notes to the financial statements 31 August 2023
13 Finance commitments
Al 31 August 2023, the total of the Charitable Company's future minimum lease payments
under non-cancellable operating leases for land were as follows..
2023
2022
Amounts due within one yèar
Amounts due between one and five years
Amounts due after five years
14,833
59,333
S83,176
657,342
14,833
59,332
598,012
672,177
14 Analysis of net assets between fund5
Unrestricted fund
Designated
fund
2023
Total
General Yund
Tangible fixed assets
Nel current assets
Creditors falling due more than one year
Net assets
1.165,515
2,575
(879,9661
288,124
1,165,515
2,575
1879,9661
288,124
Unrestricted fund
Designated
fund
2022
Total
General fund
T8ngibl& fixed ass&ls
Nel c￿r￿n1 assets
Credilots fèlliftg due more Ihan on8 y8ar
Net Bssels
7.017,521
64,819
(864,930)
217,430
1,017,521
236, 7T7
(864,QlO)
389,388
177,958
171,958
1 S Share capital
The Charitable Company is limited by guarantee and has no share capital. Each member
of the Charitable Company guarantees to subscribe such amount as may be required for
the purposes of the Ch8rilabSe Company, not exceeding £1.
Bacon's College Community Services Limited 21