Bacon's
College
Community
Services
Limited
Annual Report and Financial
Statements
31 August 2024
Company Limited by Guarantee
Registration Number
05321174 (England and Wales)
Charity Registration Number
1111158

Contents
Reports
Reference and administrative details
Directors, report
Independent auditor's report
Financial statements
Statement of financial activities
14
Balance sheet
15
Principal accounting policies
16
Notes to the financial statements
Bacons College Community Services Limited

Reference and administrative details
Directors
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
Pelerborough
PE3 6SB
Company registration number
05321174 (England and Wales)
Charity registration number
1111158
Auditor
Buzzacott Audit LLP
130 Wood Street
London
EC2V 6DL
Bankers
National Westminster Bank plc
PO Box 9765
201 Tooley Street
London
SE12ZH
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
The board of Directors present their statutory report together with the financial statements of
Bacons College Community Services Limited ("the Charitable Company") or {"BCCS"} for
the year ended 31 August 2024.
The report has been prepared in accordance with Part 8 of the Charities Act 2011 and
constitutes a Directors, report for the purpose of company legislation,
The financial statements have been prepared in accordance with the accounting policies set
out on pages 16 to 18 of the attached financial statements and comply with the Charitable
Company's Memorandum and Articles of Association. applicable laws and the requirements
of Accounling and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) effective from
accounting periods commencing 1 January 2015 or later.
SPECIFIC OBJECTIVES
Charitable aims and specific objectives
The objectives of Bacon's College Community Services Limited, as stated in the
Memorandum of Association. are to provide or assist in the provision of facililies in the
interesls of social welfare for recreation or olher leisure time 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 to provide sporting facilities to the local
community for recreational use on Mellish Fields which adjoins Bacon's College.
Public benefit
In setting the objectives and planning activities for the Charilable Company, the Directors
have given careful consideration to the Charity Commission's general guidance on public
benefit.
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 to maintain it in line with Football Associalion required standards
and the Football Foundation have confirmed that the pitch is included on The FA 3G
Foolball Turf Pitch Register. This has enabled BCCS to increase prices for use of this
unique asset in line with cost inflation whilsl ensuring it remains value for money for the local
community.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
FINANCIAL REVIEW
Results for the year
The resulls for the year are shown on page 14.
Total income for the year was £187,336 (2023 £198,012) and has reduced slightly due to
the mix of pitch use between 5-a-side and 11-a-side as shown in note 1. The site can
facilitate a single 11-a-side booking or up to three 5-a-side bookings, so when there are less
than three 5-s-side bookings use of the facility is not optimized. Total expenditure for the
year amounted to £337,814 {2023 £299,276) and has increased primarily due to the
increase in salary recharges from United Learning Trust for the thirteen members of staff
that support the running of the Charitable Company. This included charitable activities of
£328,000 (2023 - £289,462) and loan servicing costs of £9,814 {2023 - £9.814).
The net movement in funds for the year was a deficit of £150,478 (2023 - £101,264 deficit).
Financial position
The balance sheet shows total funds of £137,646 (2023 - £288.124), of which £137,646
(2023 £288,124) related to the general fund and £nil (2023 £ nil) to a designated fund
{note 11).
Reserves policy and going concern assessment
It has been agreed that free reserves should be Ihe equivalent of three months of planned
expenditure for the subsequent year, excluding depreciation and losses on disposal of fixed
assets. This approximates to £57,526. As at 31 August 2024, the Charitable Company's
general fund balance was £137,646 and free reserves were £58,443 in deficit after
excluding tangible fixed assets and creditors due after more than one year.
For this reason, the Directors have obtained a letter of support from United Learning Trust
which confirms that United Learning Trust will not demand repayment of the loan to the
Charitable Company or the intercompany balance at year end until there are sufficient
financial resources to make the repayment. Furthermore. United Learning Trust will provide
financial support to assist the Charitable Company to meet its liabilities as and when they
fall due, but only to the extent that money is not otherwise available to the Charitable
Company to meet its liabilities. This commitment of support is for the period to 31 May 2026.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
FINANCIAL REVIEW (continued)
Reserves policy and going concern assessment (continued)
Marketing Ihrough social media will be a priority and links will be sought with local
companies to encourage the hire of the pitches for team building, adult group sports and
other community use. 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
to increase the demand for services in the future. Furthermore, pitch letting fees are
reviewed annually to reflect market rate more accurately. The future intention is to raise
prices year on year in line with inflalion. The refurbishment of the 3G 11-a-side pitch is also
expected to increase the demand for seNices and allow BCCS to raise prices further as the
enhanced quality of the pitch provides a unique asset with no significant competitors in the
localily. Prices will however be maintained at as fair a rate as possible to ensure high levels
of continued local community use.
The BCCS leadership team intend to review
opportunilies for the refurbishment of the two smaller pitches in the near future.
Based on Ihe above, the Directors believe that Ihe Charitable Company is a going concern
for at least 12 months from the date of approval of these financial statements.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
GOVERNANCE, STRUCTURE AND MANAGEMENT
Constitution
Bacon's College Community Services Limited is a company limited by guarantee (Company
No. 05321174) and a UK registered charity (Charity No. 1111158). The Company was
incorporated on 24 December 2004 and registered as a charity with the Charity Commission
on 2 September 2005.
Members, liability
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 a minimum of two Direclors
to be in office at any time (the maximum number of Directors is up to 25). One third of the
Directors retire by rotation 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 co-Directors on the history of the Charitable Company, the day-to-day
management, the responsibi5ities of the Directors, the current objectives and future plans.
The Directors are also encouraged to attend any courses which they feel are relevant to the
development of their role, and to keep up-to-date on any changes in legislation.
The names of Ihe Directors who served during the year are set 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.
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 its solicitors, bankers and
accountants.
The personnel at Bacon's College administer payments and keep the accounting records of
the Charitable Company.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)
Relationships with other organisations
Bacon's College is part of United Learning Trust, an exempt charity and a company limited
by guarantee (Company No. 04439859). The principle object of the College is to provide
education for children of different abilities between the ages of 11 and 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 to 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 carried out by the
employees of United Learning Trusl.
Risk management
The Directors have assessed the major risks to which the Charitable Company is exposed
to. 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 effeclive 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 similar 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 Charttable Company is reliant upon income from the letting of
sporting facilities. An economic downlurn 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 to cover costs. Management consider that the support available
from United Learning Trust enables the Charitable Company to cover a shortfall in
income and will conlinue to keep this under review.
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 controlling,
running and operating the Charitable Company on a day to day basis. Details of
remuneration to key management personnel are included within note 5.
Bacon's College Community Services Limited

Directors, report Year to 31 August 2024
FUTURE PLANS
The BCCS leadership team intend to creale even more secure networks with local FA
football clubs across all ages to increase the use of facilities for grass-roots football. The
BCCS leadership team also intend to review opportunities for the refurbishment of the two
smaller pitches in the near future. Marketing through social media will be a priority and links
will be sought with local companies to encourage the hire of the pitches for team building,
adult group sporls and other community use. Embracing the markeling strategy and
embedding il into the business is one of the key objectives for the BCCS leadership team
and these activities are expected to increase Ihe demand for seNices in the future. An
improved online booking system allowing for hire to be booked more quickly and easily is to
be explored with a view to maximising lettings and reducing gaps between hires.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The Directors (who are also trustees of Bacon's College Community Services Limited for the
purposes of charity law) are responsible for preparing the Directors, report and financial
statemenls in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year
which give a true and fair view of the state 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 statements unless they are satisfied that they give
8 true and fair view of the state of affairs of the Charitable 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 than apply them consistently-
observe the methods and principles of Accounting and Reporting by Charities-
Statement of Recommgnded Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable to the United Kingdom and
Republic of Ireland (FRS 102).,
make judgements and estimates that are reasonable and prudent;
• state whether applicable United Kingdom Accounting Standards have been followed,
subject to any material depariures disclosed and explained in the financial statements-
and
• prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charitable Company will continue in operation.
Bacon's College Community Services Limited

Dlrectors, report Year to 31 August 2024
STATEMENT OF DIRECTORS. RESPONSIBILITIES (continued)
The Directors are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the Charitable Company and
enable them to ensure that the financial statements comply with the Companies Act 2008.
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 Ihe steps that helshe ought to have taken as a Director in
order to make himselflherself aware of any relevant audit information and to establish
that the Charitable Company's auditor is aware of Ihat 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:
Suzanne Johnston
Approved by the Directors on: * f¥oThl 2E)2S
Bacon's College Community Services Limited

Independent auditor's report Year to 31 August 2024
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 'charitable company,) for the year ended 31 August 2024 which comprise the statement
of financial activities, the balance sheet, the principal accounting policies and the notes to
the financial statements. The financial reporting framework that has been applied in their
preparation is applicable law and Uniled Kingdom Accounting Standards, including Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slalements:
• give a true and fair view of the state of the charitable company's affairs as at 31 August
2024 and of its income and expenditure for the year then ended-
+ have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
• have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
{UK)) and applicable law. Our responsibilities under those standards are further described in
the auditor's responsibilities for the audit of the financial statements section of our report.
We are independent of the charitable company in accordance with the ethical requirements
that are relevant to our audit of the financial statements 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
In auditing the financial statements, we have concluded that the directors. use of the going
concern basis of accounting in the preparation of the financial statemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively. may cast significant doubt on
the charitable company's ability to continue as a going concern for a period of at leasl
twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern
are described in the relevant sections of this report.
Bacon's College Community Services Limited

Independent auditor's report Year to 31 August 2024
Other Informatlon
The other information comprises the information included in the annual report, including the
directors report, other than the financial statements and our auditor's report thereon. The
directors are responsible for the other informalion contained within the annual report. Our
opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
In connection with our audil 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
othenNise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information.
If. based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact.
We have nolhing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
• the information given in the direclors, report, which is also the directors, report for the
purposes of company law, for the financial year for which the financial statements are
prepared is consistent with the financial statements., and
• the directors, report, which is also the directors, report for the purposes of company law.
has been prepared in accordance with applicable legal requirements.
Matters on which we aro required to report by exception
In the light of the knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the directors, report. We have nothing to report in respect of the following
matters in relation to which the Companies Act 2006 requires us to report to you if. in our
opinion:
adequate accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us- or
• the financial statemonts are not in agreement with the accounting records and returns.,
or
certain disclosures of directors, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
+ the trustees were not entitled to prepare the financial statements in accordance with
the small companies regime and take advantage of the small companies, exemptions
in preparing the trustees, report and from the requirement to prepare a strategic report.
Bacon's College Community Services Limited 10

Independent auditor's report Year to 31 August 2024
Responsibilities of trustees
As explained more fully in the Directors. responsibilities statement set out on page 2, the
Directors (who are also Ihe directors of Ihe charilable company for the purposes of company
law) are responsible for the preparation of the financial statements and for being satisfied
that Ihey give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Directors are responsible for assessing the
charitable company's ability to conlinue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless
the trustees eilher intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to 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. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will
always detect a material misstatemenl when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations.
We design procedures in line with our responsibilities, outlined above. to detect material
misslatements in respect of irregularities, including fraud. The extent to which our
procedures are capable of detecting irregularities. including fraud is detailed below:
The engagement Partner ensured that the engagement team colleclively had the
appropriate competence, capabilities and skills to identify or recognise non-compliance with
applicable laws and regulations.
* We obtained an understanding of the legal and regulatory frameworks that are
applicable to the charity and determined that the most significant frameworks which are
directly relevant to specific assertions in the financial statements, being the Charities Act
2011, Companies Act 2006, health and safety legislation, the data protection act, and
the reporting framework as detailed within the accounting policies.,
• We focused on specific laws and regulations which we considered may have a direct
material effect on the accounts.
• We assessed the extent of compliance with the laws and regulations identified above
through making enquiries of representatives of management and the review of minutes
of Directors. meetings.
Bacon's College Community Services Limited 11

Independent auditor's report Year to 31 August 2024
Auditor's responsibilities for the audit of the financial statements (continued)
We assessed the susceptibility of the charity's financial statements to material
misstatement, including obtaining an understanding of how fraud might occur, by..
+ Making enquiries of where management considers there was susceptibility to fraud and
knowledge of actual, suspected and alleged fraud. and
Considering the internal controls in place to mitigate risks of fraud and non-compliance
with laws and regulations.
To address the risk of fraud through management bias and override of controls. we..
• Performed analytical procedures to identify any unusual or unexpected relationships.
+ Tested and reviewed journal entries to identify unusual transactions.,
+ Tested the authorisation of expenditure.,
• Investigated Ihe rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we
designed procedures which included, but were not limited to..
• Review of the minutes of meetings of those charged with governance:
+ Enquiring of management as to actual and potential litigation and claims,. and
+ Agreeing accounts disclosures to underlying supporting documentation.
As a result of our procedures we did not identify any key audit matters relating to
irregularities.
There are inherent limitations in our audit procedures described above. The more removed
that laws and regulations are from financial Iransactions, the less likely it is that we would
become aware of non-compliance. Auditing standards also limit the audit procedures
required to idenlify non-compliance with laws and regulations to enquiry of the directors and
other management and the inspection of regulatory and legal correspondence, if any.
Material misslatements that arise due to fraud can be harder to detect than those that arise
from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.uklauditorsresponsibilities. This description forms part of our
auditor's report.
Bacon's College Community Services Limited 12

Independent auditor's report Year to 31 August 2024
Use of our report
This reporl is made solely to the charitable company's members, as a body, in accordance
with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken
so that we might stale to the charitable company's members those matters we are required
to stale to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the
charilable company and the charitable company's members as a body, for our audit work.
for this reporl, or for the opinions we have formed.
Shachi Blakemore (Senior Statutory Auditor)
For and on behalf of Buzzacott Audit LLP, Statutory Auditor
130 Wood Street
London
EC2V 6DL
10 April 2025
Bacon's College Community Services Limited 13

Statement of financial activities Year to 31 August 2024
Unrestricted funds
Total
2024
Total
2023
Noles
Income from:
Donations
Interest receivable
Charitable activities
Total Income
500
2,620
184.216
187,336
2,735
195,277
198,012
Expenditure on:
Charitable activities
Other
Total expenditure
328,000
9,814
337,814
289,462
9,814
299,276
Net expenditure and net
movement In funds
4 {150,478) <101,2641
Reconciliation of funds
Fund balances al 1 September
288,124
389,388
Fund balances at 31 August
137,646
288,124
All of the Charitable Company's activities derived from continuing operations during the
above two financial periods.
There was no other comprehensive income for 2024 (2023.. £nil).
Bacon's College Community Services Limited 14

Balance sheet As at 31 August 2024
2024
2Q24
2023
2023
Notes
Fixed assets
Tangible assets
1,079,989
1,165,515
Current assets
Debtors
Cash at bank and in hand
31,723
180,040
211,763
44,329
323,432
367,761
Creditors.. amounts falling due
within one year
Net current {liabilities)lassets
{270,206)
{365,186)
{58,443)
1,021,546
2,575
1,168,090
Credltors.. amounts falling due
after more than one year
Total net assets
10
(883,900)
137,646
(879,9661
288,124
Thè funds of the Charity:
Funds and reservès
Unreslricled funds
General fund
Designated fund
Total funds
137,646
288,124
137,646
288,124
Approved by the Directors
and signed on their behalf by.,
Suzanne Johnston
Director
Approved on..
Company Regislration Number: 05321174 {England and Wales).
Bacon's College Community Services Limited 15

Principal accounting policies Year to 31 August 2024
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the financial statements are laid out below.
Basis of preparation
These financial statements have been prepared for the year to 31 August 2024 and are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention with
items recognised at cosl or transaction value unless othenmise stated in the relevant
accounting policies below or the notes to these financial statements.
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the United Kingdom and Republic of Ireland {FRS 102) {Charities SORP FRS 102), the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and
the Charities Act 2011. The Charitable Company constitutes a public benefit entity as
defined by FRS 102.
The financial statements do not include a statement of cash flows because the Charitable
Company, as a small reporting entity, is exempt from the requirement to prepare such a
statemenl under Section 1A of FRS 102.
Critical accounting estimates and areas of judgement
Preparation of the financial stalemenls requires the Directors to make significant
judgements and estimates.
The items in the financial statements where these judgements and estimates have been
made include estimaling the useful economic life of tangible fixed assets.
Assessment of going concern
The Directors have assessed whether the use of the going concern assumption is
appropriate in preparing these financial stalements and have made this assessment in
respect to a period of one year from the date of approval of these financial statements.
The Directors have obtained a letter of support from United Learning Trust which confirms
that United Learning Trust will not demand repayment of the loan to the Charitable
Company or the intercompany balance at year end until there are sufficient financia
resources to make the repayment. Furthermore, United Learning Trusl will provide
financial support to assist Ihe Charitable Company to meet its liabilities as and when they
fall due, but only to the extent that money is not othe￿iSe available to the Charitable
Company to meet its liabilities. This commitment of support is for the period to 31 May
2026.
Even though net current liabilities at 31 August 2024 are £58,443, the Directors of the
Charitable Company have concluded that there are no material uncertainties related to
events or conditions that may cast significant doubt on the ability of the Charitable
Company to continue as a going concern.
Bacon's College Community Services Limited 16

Principal accounting policies Year to 31 August 2024
Income recognition
Income is recognised in the period in which the Charitable Company has entitlement to the
income, the amount of income can be measured reliably and it is probable Ihat 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 amounl and settlement 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 subject to conditions that require a level of performance before the Charitable
Company is entitled to the funds, the income is deferred and not recognised until either
those conditions are fully met, or the fulfilment of those conditions is wholly within the
control of the Charitable Company and it is probable that those conditions will be fulfilled in
the reporting period.
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the Charitable Company., this is normally upon notificalion of the
interest paid or payable by the bank.
Income from the provision of recreational facilities is credited on an accruals basis.
Expenditure recognltion
Liabilities are recognised as expendilure as soon as there is a legal or constructive
obligalion committing the Charilable Company to make a paymenl to a third party, it is
probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs
and support costs. All expenses, including support costs, are allocated or apportioned to
Ihe applicable expenditure headings. The classification between activities is as follows..
+ Expenditure on charitable activities includes all costs associated with furthering the
charitable purposes of the Charitable Company. Such costs include staff cosls and
property expenditure.
• Other expendilure comprises of interest payable.
All expenditure is stated exclusive of VAT. which is recovered.
Financial instruments
The Charitable Company only has financial assets and financial liabilities of a kind that
qualify as basic financial instruments. Basic financial inslruments are initially recognised at
transaction value and subsequently measured at their settlement value.
Debtors
Debtors are recognised at their settlement amounl, less any provision for non-
recoverability. Prepayments are valued at the amount prepaid. They have been
discounted to the present value of the future cash receipt where such discounting is
material.
Bacon's College Community Services Limited 17

Principal accounting policies Year to 31 August 2024
Cash at bank and In hand
Cash at bank and in hand represents such accounts and instruments that are available on
demand or have a maturity of less than three monlhs from the date of acquisition.
Creditors and provisions
Creditors and provisions are recognised when there is an obligation at the balance sheet
date as a result of a pasl event, it is probable that a transfer of economic benefit will be
required in settlement, and the amount of the settlement can be estimated reliably.
Creditors and provisions are recognised at the amount the Charitable Company
anticipates il will pay to settle the debt. They have been discounted to the present value of
the future cash payment where such discounting is material.
Fund accounting
Unreslricted funds represent those monies which are freely available for application
towards achieving any charilable purpose that falls within the Charitable Company's
charitable objecls.
Designated funds comprise monies set aside out of unrestricted funds for specific future
purposes or projects.
Tangible fixed assets
Tangible fixed assets comprise expenditure on the developmenl of Mellish Fields, the
costs incurred in relation to acquiring a 60 year lease for the site, and fixtures and fittings.
All assets costing more than £500 are capitalised and are carried at cost. net of
depreciation and any provision for 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 % straight line
• Grass and ATP pitches
Over 15 years straight line
+ Fixtures and fittings
250/0 Straight line
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged to the statement of financial activities on a
straight-line basis over the lease term.
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 stalemenl of cash flows
has not been prepared.
Bacon's College Community Services Limited 18

Notes to the financial statements 31 August 2024
1 Income from charitable activities
2024
2023
Provision of recreatlonal facilities:
Mellish Fields ATP Football Pitch {11 a-side)
Mellish Fields ATP Football Pitch {5 a-side)
Grass Pitch hire (11 a-side)
Grass Pitch hire (7 a-side)
other income
130,011
29,018
13,694
2,674
8,819
184,216
164,940
5.150
18,187
1,172
5,828
195,277
2 Expenditure on charitable activities
2024
2023
staff costs {note 5)
Management fee {nole 12)
Occupancy costs
Maintenance costs
Depreciation charges {nole 7)
Loss on disposal of fixed assets
Other costs
Bank charges
Governance costs
110,518
9,482
43,878
29,613
97,897
88,123
41,995
22,399
94,805
20,672
10,394
3,989
7,085
289,462
20,533
1,579
14,500
328,000
3 Other
2024
2023
Interest on loan balance from Bacon's College (note 121
9,814
9,814
4 Net movement in funds
This is stated after charging:
2024
2023
Depreciation
Loss on disposal of fixed assets
Auditor's remuneralion
97,897
94,805
20,672
10,650
11,500
Bacon's College Community Services Limited 19

Notes to the flnancial statements 31 August 2024
5 Staff costs and Directors, remuneration
Staff costs during the year were as follows:
2024
2023
Wages & Salaries
Social security costs
Pension cosls
Staff training costs
88,951
7,555
14,012
70,188
6,422
11,390
123
88,123
110,518
Slaff costs during the current year relate to salary recharges from United Learning Trust
for thirteen members of staff on a part time basis. Staff costs during the prior year relate to
salary recharges from United Learning Trust for seven members of staff on a part time
basis.
The Directors consider that they together with the Operations Manager, the Facililies
Manager and the Executive Business Manager of Bacon's College comprise the key
management personnel of the Charitable Company in charge of directing and controlling,
running and operating the Charitable Company on a day to day basis. The total costs
incurred by the Company during Ihe year in respect of the remuneralion of key
management personnel was £38,327 (2023 - £30,752). None of the Directors received any
remuneration in respect of their services during the year (2023 £nil). None of the
Directors were reimbursed for any expenses during the year (2023 - £nil).
6 Taxation
BCCS is a registered Charitable Company and therefore is not liable to income tax or
corporation tax on income derived from its charitable activities, as it falls within the various
exemptions available to registered charities.
Bacon's College Community Services Limited 20

Notes to the financial statements 31 August 2024
7 Tangible fixed assets
Mellish Fields Development
Fixtures,
Bullding Grass and fittings and
costs ATP pitches equipment
Leasehold
costs
Total
Cost
At 1 September 2023
Additions
Disposals
Al 31 August 2024
116,005
988,993
1.089,266
50,467
12,371
2,244,731
12,371
116,005
988,993
1,089,266
62,838
2,257,102
Depreclatlon
At 1 September 2023
Disposals
Charge for the year
At 31 August 2024
30,171
296,626
730,936
21,483
1,079,216
1,933
32,104
19,780
316,406
63,430
794,366
12,754
34,237
97,897
1,177,113
Net book valua
Al 31 August 2024
Al 31 August 2023
83,901
85,834
672,587
692,367
294,900
358,330
28,601
28,984
1,079,989
1,165,515
8 Debtors
2024
2023
Trade debtors
Other debtors
VAT receivable
Amount due from related undertakings {note 12)
Prepayments
13,762
8,074
1,253
30,372
8,459
2,092
3,406
44,329
8,634
31,723
9 Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
Accruals
Amount due to relaled undertakings (note 12)
24,141
42,895
203,170
270,206
255,612
21,574
88,000
365,186
10 Creditors: amounts falling due after more than one year
2024
2023
Amount due to related undertakings {note 121
Sundry creditors
659,743
224,157
883,900
652,309
227,657
879,966
Bacon's College Community Services Limited 21

Notes to the financial statements 31 August 2024
11 Designated fund
Asat1
September
2023
Asat
Funds 31 August
utilised
2024
Sinking fund
Asat7
Sept8mber
2022
Asal
31 Augusl
2023
Funds
ulilised
Sinking fund
171,958
{171,958)
A sinking fund was created to cover the replacement of the ATP football pitch surfaces in
line wilh the terms of the Football Foundation's funding agreement. This fund was fully
utilised by the replacement of the ATP football pitch surfaces in the prior year.
12 Related parties
On 1 March 2018 Bacon's College joined United Learning Trust, an exempt charily and a
company limited by guaranlee {Company No. 04439859). United Learning Trust manages
the operation of a group of academies lo provide education for students of different
abilities from nursery to age 19.
BCCS was set up by Bacon's College in order to develop Mellish Fields (which adjoins its
own property) for recreational facililies for the local community. Mellish Fields is owned by
the London Borough of Southwark and is leased to BCCS. United Learning Trust is a
guarantor in respect to the Mellish Fields lease between the London Borough of
Southwark and BCCS.
The Chief Executive Officer and two senior management personnel of United Learning
Trust served as Directors of BCCS during the year.
During the year, BCCS was charged loan interest of £9.814 (2023 £9,814) and staff
costs and management fees of £120,000 (2023 - £88,000) by United Learning Trust. At 31
August 2024. BCCS owed £789.304 to United Learning Trust (2023- £740,309).
ULT Trading Company Limited (Company No. 06791313) 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.
At 31 August 2024, BCCS owed £73,609 to ULT Trading Company Limited (2023 BCCS
was owed £2,092 from ULT Trading Company Limited).
Bacon's College Community Services Limited 22

Notes to the financial statements 31 August 2024
13 Finance commitments
At 31 August 2024, the total of the Charitable Company's fulure minimum lease payments
under non-cancellable operating leases for land were as follows..
2024
2023
Amounts due within one year
Amounts due between one and five years
Amounts due after five years
14,833
59,333
568,343
642,50g
14,833
59,333
583,176
657,342
14 Analysis of net assets between funds
Unrestricted fund
Designated
fund
2024
Total
General fund
Tangible fixed assets
Net current liabilities
Creditors falling due more than one year
Net assets
1.079,989
(58,4431
{883,9001
137,646
1,079.989
{58,4431
{883,900)
137,646
Unrestricted fund
Designated
fund
2023
Total
General fund
Tangible fixed assets
Nel current assets
Creditors f811ing due more than one year
Net assets
1, 165,515
2,575
(879,966)
288, 124
1.165,515
2,575
(879,966)
288,124
15 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 Charitable Company, not exceeding £1.
Bacon's College Community Services Limited 23