Bacon's College Community Services Limited Annual Report and Financial statements 31 August 2025 Company Limited by Guaranlee Registration Number 05321174 (England and Wales) Charity R8gistration Number
Contents Reports Reference and administrative details Directors. report Independent auditor's report 9-12 Flnancial statements Slalemenl of financial a¢livilies 13 BalanGe sheet 14 Principal accounting policies 15-18 Notes lo the financial statements 19-23 Bacons College Community Services Limited
Reference and administrative details Director5 Sir Jon Coles Suzanne Johnston Anna Paige Leadership Team Samuel Harry Miche15e Shanahan Tanya Wilkings Company secretary Alison Hussain Registered office CIO United Learning Worldwide House Thorpe Wood Pelerborough PE3 6SB Place of bu8lness Bacon's College Timber Pond Road London SE16 6AT Company registration numbgr 05321174 (England and Wales} Charity reglstration number 1111158 Auditor Buzzacoll Audit LLP 130 Wood Street London EC2V6DL Bankers National Westminster Bank plc PO Box 9765 201 Tooley Street London SE12ZH Bacon's College Communily Services Limited
Directors, report Year lo 31 August 2025 The board of Dire¢lors present their slaluloiy report together with the fi'nancial statemènts of Bacons College Community Services Limited I'the Charitable Company") OT I BCCS'I fof the year ended 31 August 2025. The report has been prepared in 8ccordance with Part 8 of the Charities Act 2011 and conslitules a Direclor8' report for the purpose of company legislation. The financial slalemenls have been prepared in accordance with the accounting policies set out on pages 15 10 18 of the allached financial statements and wmply with the Charitable Company's Memorandum and Articles of Association, applicable laws and the requirements of 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 IFRS 1021 effe¢live ffom accounting periods commencing 1 January 2015 or later. SPECIFIC OBJECTIVES Charitable aims and speclflc objectives The objectives of Bacon's College Community Services Limited, as staled in the Memorandum of Association, are lo provide or assist in the provision of facilities in the interests of social welfare lor recreation or other leisure time occupation of indNiduals who have need of suGh facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of Ilfe. The overall aim of the Charitable Company is lo provide sporting facilities to the local community for recreational use on Mellish Fields which adjoins Bacon's College. Public benefit In selling the objectives and planning activities for the Charitable Company, the Directors have given careful consideration lo 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 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 to increase prices for use of this unique asset in line with cost inflation whilst ensuring il remains value for money for the local community. Bacon's College Community Services Limited
Directors, report Year to 31 August 2025 FINANCIAL REVIEW Results for the year The results for the year are shown on page 13. Total income for the year was £204,41912024 £187,336} and has increased slighlty due to hire of the pitches for a charity walk held by another organisalion, and the mix of pitch use between S-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-a-side bookings use of the facility is not optimized. Total expenditure for the year amounted lo £338,632 {2024 £337.8141 which Is broadly in line with prior year. This included chaiilable activities of £328,81812024 - £328,000) and loan servicing costs of £9,81412024 - £9.814} The nel movement in funds for the year was a deficit of £134,21312024 - £150,478 deficitl. Flnanclal position The balance sheet shows lolal funds of £3,433 12024 £137,646). of which all are unreslricled. Reserves policy and going concern assessment It has been agreed that free reserves should be the equivalent of three month5 of planned expenditure for the subsequent year, excluding depre¢iation and losses on disposal of fixed assets. This approximates to £60,000. As at 31 August 2025. the Charitable Company's general fund balance was £3,433 and free reserves were £95,057 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 lo Ihe Charilable Company or the intercompany balance al year end until there are sufficient financial resources lo make the repayment, Furthermore, United Learning Trust will provide financial support to assist the Charitable Company lo meet its liabilities as and when they fall due, bul only to the exlenl that money is not olhetwise available lo the Charitable Company lo meet ils liabilities. This commitment of support is for the period lo 31 May 2027. Bacon's College Community Services Limited
Directors, report Year lo 31 August 2025 FINANCIAL REVIEW (continued) Reserves policy and golng concem assessment Iconlinuod} 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 sports and other Gommunily use. Embracing the marketing strategy and embedding il into the business is one of the key objectives lor the BCCS leadership team and these activitses are expected lo increase the demand for services in the future. Furthermore, pitch lelling fees are reviewed annually to reflect market rate more accurately. The future intention is lo raise prices year on year in line with inflation. The refurbishment of the 3G 11-a-side pitch is also expected lo increase the demand for setvices and allow BCCS to raise prices further as the enhanced quality of the pitch provides a unique asset with no significant competitors in the locality. Prices will however be maintained al as fair 2 rate as possible to ensure high levels of continued local community use. The BCCS leadership team intend to review opportunities for the refurbishment of the two smaller pitches in the near future. Based on the above, the Directors believe that the Charitable Company is a going concern for at least 12 months from the dale of approval of these financial stalemenls. Bacon's College Community Services Limited
Dlrectors, report Year lo 31 August 2025 GOVERNANCE, STRUCTURE AND MANAGEMENT Constitution Bacon's College Community Services Limited is a company limited by guarantee (Company No. 053211741 and a UK registered charity Icharily No. 11111581. 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 bèing wound up, members are required lo 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 Directors to be in office at any lime Ilhe maximum number of Directors is up lo 251. One third of the Directors retire by rolalion al the annual general meeting and, if eligible, may be re-appointed. On agreeing lo 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 responsibilities of the Directors. the current objectives and future plans. The Diiectors are also encouraged lo attend any courses which they feel are relevant to the development of their role, and lo keep up-to-dale on any Ghanges in legislation. The name5 of the Directors who served during the year are sel out as parl of the referenoe and adminislralive 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, aclivilie5 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 al Bacon's College administer payments and keep the accounting records of the Charitable Company. Bacon's College Community Services Limited
DSrectors' report Year lo 31 August 2025 GOVERNANCE, STRUCTURE AND MANAGEMENT Iconlinuedl Relatlonshlps with other organisations Bacon's College is part of United Leaming Trust, an exempt charity and a company limited by guarantee (Company No. 044398591. The principle object ol the College is lo provide education foi 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 sel up Bacon's College Community Services Limited in order lo develop Mellish Fields Iwhich adjoins ils own properly) for recreational facilities for the local community. Mellish Fields is owned by Ihe London Borough of Soulhwark and is leased lo the Charitable Company. The Chief Executive Officer and senior management personnel of the United Learning Group serve as Directors of Bacon's College Community Services Limited. The day-lo-day financial adminislralion of the Charitable Company is carried out by the employees of United Learning Trust. Risk management The Directors have assessed the major risks lo which the Charitable Company is exposed lo. The Directors believe that by monitoring reSee leve15, 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 miligale 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 again51 the local compelilion and they are comparable. + Financial pressures - The Charitable Company is reliant upon income from the letting of sporting facilities. An economic downturn andlor cost inflation could have a direct impact on the levels of funding available and on afftirdabilily ol the current operating model. resulting in an inability lo cover costs. Management consider that the support available Irom United Learning Trust enables the Ch21ilable Company lo cover a shortfall in income and will continue lo keep this under review. Key management personnel The Directors consider that they logelherwilh 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 direcllng and controlling. running and operating the Charitable Company on a day to day basis. Details of remuneration lo key management personnel are included within note 5. Bacon's College Community Services Limited
Directors, report Year lo 31 August 2025 FUTURE PLANS The BCCS leadership team Intend to create even more secure networks with local FA fch)Iball clubs across all ages lo increase the use of facilities for grass-Tools 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 sports and other community use. Embracing the marketing 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 the demand for services in the future. An improved online booking system allowing for hire to be booked more quickly and easily is to be explored with 8 view lo maximising lellings and reducing gaps beeen hires. STATEMENT OF DIRECTORS, RESPONSIBILITIES The Directors (who are also trustees of Bacon's College Community Setvices Limited for the purposes of charity lawl are responsible for preparing the Directors, report and financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice}. Company law requires the Directors to prepare fi'nancial statements for each financial year which give a true and fair view of the slate of affairs of the Charitable Company and of the income and expenditure ol the Charitable Company for that period. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale 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 lo.. select suitable accounting policies and then apply them consistently,. + observe the methods and principles of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable lo the United Kingdom and Republlc of Ireland IFRS 1 D21., make judgements and eslimales that are reasonable and prudent., + stale whether applicable United Kingdom Accounting Standards have been followed, subject lo any material departure5 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
Directors, roport Yearto 31 August 2025 STATEMENT OF DIRECTORS, RESPONSIBILITIES Iconlinued} The Directors 8re responsible for keeping adequate accounting fecords that disclose with reasonable accuracy al any lime the financial position of the Charitsble Company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps lor the prevention and detection ot fraud and other irregularities. Each of the Directors confirms Ihal.. 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 taken as a DirectOT in order to make himselflhersell aware of any relevant 8udil information and lo 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 inlerpreled in a¢cordance with the provisions of s418 of the Companies Act 2006. Approved by Ihe Directors and signed on their behalf by.. Suzanne Johnston Approved by the Directors on.. Bacon's College Community Services Limited
Independent auditor's report YeaT to 31 August 2025 Independent auditor's report to the members of Bacon's College Community Services Limited Oplnlon We have audited the financial statements of Bacon's College Community Services Limited Ilhe 'charitable company'l for the year ended 31 August 2025 which comprise the slalement of financial aclivilies, the balance sheet, the principal a¢coLJnling policies and the notes lo the financial slatemenls. The financi21 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted AOlInt1ng Praclicel. In our opinion, the fi'nancial slatemenls.. + give a true and fair view of the slate of the charitable company's affairs as al 31 August 2025 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. Basls for oplnlon We conducted our audil in accordance with International Standards on Auditing IUKI IISAS IUK}} and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial slalements 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 financial slalements in the UK. ineluding 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 approprlale lo provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial slalemenls, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have peiformed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable Company's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the directors with respect lo going concern are described in the relevant sections of this report. other information The other information comprises the information inGluded in the annual report, including the directors, report. other than the financial statements and our auditor's report Ihereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial stalemenls does not cover the other information and, except lo the exlenl otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Bacon's College Community Services Limited
Independent auditor's report Year to 31 August 2025 Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies oi apparent m8lerial misstalemenls, we are required lo determine whether this gives rise lo a material misslatemenl in the financial statements themselves. If, based on the work we have performed. we conclude th81 there is a material misslatemenl of this other inforwalion, we are required to repoil that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. • the infoimalion given in the directors, report, which is also the directors, report fol 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 wmpany law, has been prepared in accordance with applicable legal requirements. atters on which we are required to report by exception In the light of the knowledge 2nd understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified m8leri81 misslalemenls in the directors, report. We have nothing to report in iespecl of the following mallers in relation lo which the Companies Act 20(6 requires us to report lo 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 statements are not in agreement with the accounting records and returns.. or certain disclosure5 of diTeclors' remuneration specified by law are not made., or we have not received all the information and explanations we require foi our audit,, Responslbllltles of directors As explained more fully in the directors, responsibilities slalement sel out on page 7, the directors are responsible lor the preparation of the financial slalemenls 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 slalements, the directors are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to Gease operations, or have no realistic allernalive bul lo do so. Auditor's responslbllltles for the audit of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free Irom material misslalemenl, whether due lo fraud or error, and 10 Issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a maleiial misslalemenl when il exists. Misstalemenls ¢an arise from fraud OT error and are Bacon's College Community Services Limited 10
Independent auditor's report Year to 31 August 2025 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 stalemenls. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design prOdreS in line with our responsibilities, outlined above. lo detect material misslalemenls In respect of irregularitiès, inclLJding fraud. The extent lo which our proceduies are capable of delecling irregularities, including fraud is detailed below.. How the audit was considered capable of delecling irregularities including fraud. Our approach lo identifying and assessing the risks of material misslalemenl in respeGt of irregularities, including fraud and non-compliance with laws and regulations, w88 as follows.. the engagement partner ensured that the engagement team collectively had the appropriate Gompelence, capabilities and skills lo identify or iecognise non-complianoe wilh applicable laws and regulations., ' we assessed the extènt of compliance with the laws and regulations identified above through making enquiries of management and inspeoting leg21 correspondence,, and identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charitable company's financial statements lo material misstalemenl, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceplibilily to fraud. their knowledge of actual, suspected and alleged fraud., and considering the inleinal controls in place to mitigate risks of fraud and non~Gompliance with laws and regulations, To address the iisk of fraud through management bias and override of controls, we.. performed analytical procedures lo identify any unusual or unexpected relationships.. • tested journal entries to identify unusual Iransaclions., assessed whether judgements and assumptions made in determining the accounting eslimales sel out in the accounting policies were indicative of potential bias., and In response to the risk of irregularities and non-compliance with laws and regulallons, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation., reading the minutes ol meetings of management and those charged with governance., Bacon's College Community Services Limited 11
Independent auditor's report Year lo 31 August 2025 enquiring of management as to actual and potential liligalion and claims.. and • reviewing any available correspondence with HMRC and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed Ihat18ws and regulats'ons are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures reqtjirèd lo identify non-compliance with laws and regulations lo enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misslalemenls that arise due lo fraud can be harder to detect than those that arise from error as they may involve delibelale concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website al www.frc.org.ukl8uditoisresponsibililies. This descrlplion forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable company's memljers those mallers we are required lo stale 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 repoTI, or for the opinions we have formed. Shachi Blakemore (Senior Slalutory Auditor) FOT and on behalf of Buzzacoll Audit LLP, Slalutory Auditor 130 Wood Street London EC2V 6DL 19 May 2026 Bacon's College Community Services Limited 12
Statement of financial activities Year lo 31 August 2025 Unrestricted funds Total 2025 Total 2024 Nol85 Income from.. Donations Interest receivable Charitable activities Total income 500 1,174 202,745 204,419 soo 2,620 184.218 187,336 Expendlture on.. Charitable activities Other Total expenditure 328,818 9,814 338,632 328,000 9,814 337.814 Net èxpenditure and net movement in funds 4 Iq34,2131 1150,4781 Reconciliatlon of funds Fund balanS 811 Sopl¢mber 137,646 288.124 Fund balan$ al 31 August 3,433 137,646 All of the Charitable Company's aclivilies derived from continuing operations during the above o financial periods. There was no other comprehensDie income for 2025 12024.. £nill. Bacon's College Community Services Limited 13
Balance Sheet As al 31 August 2025 2025 2025 2024 2024 Notes Fixed assets Tangible assets 982,092 1.079.989 Current assets Oeblors Cash al bank and in hand 19,394 148.359 167,753 31,723 180,040 211.763 Creditors.. amounts falllng due wilhin one year Net current Illabilitie81 1262,8101 1270,2061 195.0571 887,035 158.4431 1,021,546 Creditor8'. amounts falling due 8fter more than one yo81 Total nel assets 10 1883.6021 3,433 1883,9001 137,646 The funds of the Charity: Funds and reseThes Unreslricled funds General fund Total funds 3,433 3,433 137,646 137,648 Approved by the Directors and signed on their behalf by.. Suzanne Johnston Director Appioved on.. IA Is12 Company Regislmtion Number.. 05321174 (England and Walesl. Bacon's College Community Services Limited 14
PrlncSpal accounting policies Year to 31 August 2025 The principal accounting policies adopted, judgements and key sources of eslimalion uncertainty in the prep21alion of the financial slalemenls are laid out below. Basis of preparation These financial slalements have been prepared for the year lo 31 August 2025 and are rounded to the nearest pound. The financial slalemenls have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant accounting policies below or the notes lo these financial slalemenls, The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl 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 (Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Charitable Company constilules a public benefit enlily as defined by FRS 102. The financial statements do not include a statement of cash flows because the Chattlable Company. as a small reporting entity. is exempl from the requirement lo prepare such a statement under Section 1A ol FRS 102. Critical accounting estimates and areas of judgement Preparation of the financial slalements requires the Directors to make significant judgements and eslimales. The items in the financial slalemenls where these judgements and eslimales have been made include eslimaling 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 pparIng these financial statements and have made this assessment in respect to a period of one year from the date of approval of these financial slalements. The Directors have obtained a leller of support from United Learning Trust which confirms that United Learning Trust will not demand repayment ofthe loan lo the Charitable Company or the inlercompany balance al yeai end until there are sufficient financial resources to make the repayment. Furlhelmore. United Learning Trust will provide financial support lo assist the Charitable Company to meet ils liabilities as and when they fall due, bul only lo the exlenl that money is not otherwise available lo the Charilable Company to meet ils liabilities, This commitment of support is for the period lo 31 May 2027. Bacon's College Community Servi$ Limited 15
Principal accounting policles Year lo 31 August 2025 Assessment of going concern Icontinuedl Even though the nel current liabilities al 31 ALJgusl 2025 were £95,057. the Directors of the Charitable Company have concluded that there are no material uncertainties related lo events or conditions that may cast significant doubl on the ability ol the Charitable Company to continue as a going concern. Income recognltlon Income is recognised in the period in which the Charitable Company has entillemenl to the income. the amount of income can be measured reliably and il is probable that the income will be received. Income comprises donations, investment income and income from the provision of recreatsonal facilities. Donations received are recognised when the Charitable Company has confirmation of both the amount and selllement dale. In the èvent of donations pledged bul not received. the amount is accrued forwhefe the receipt is considered probable. In the event that a donation is subject lo conditions th21 lequire a level of performance before the Charitable Company is enlilled lo the funds, the income is deferred and not recognised until either those conditions are fully mel, or the fulfilment of those conditions is wholly within the control of the Charitable Company and il is probable that those condiuons will be fulfilled in the reporting period. Interest on funds held on deposit is included when Teceivable and the amount can be measured reliably by the Charitable Company., this is normally upon notification 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 expènditure as soon as there is a legal or constructive obligation commilling the Charitable Company lo make a payment to a 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. All expendilLJre is accounted ft)r on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The ¢la5sification between activities is as follows.. • Expenditure on charitable acb'vilies inclLJdes all costs associated with furthering the charitable purposes of the Charitable Company. Such costs include staff Gosls and properly expenditure. + Other expenditure comprises of interest payable. All expenditure is slated exclusive of VAT, which 15 recovered. BaGon's College Community Services Limited 16
Principal accounting policies Year to 31 August 2025 Financial instruments The Charitable Company only has financial assels and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their selllemenl value. Debtors Debtors are recognised al their settlement amount, less any provision for non-recoverabilily. Prepayments are valued al the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material. Cash at bank and in hand Cash al bank and in hand represents such accounts and instruments that are 8vailable on demand or have a maturity of less than three months from the dale of acquisition. Credltors and provlslons Creditors and provisions are recognised when there is 2n obligation at the balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in setllemenl, and the amount of the selllemenl can be estimated reliably. Creditors and provisions are recognised al the amount the Charitable Company anlicipales 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 Unrestricted lunds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the Charitable Company's charitable objects. Designated funds comprise monies set aside out of unreslricled funds for specific future purposes or projects. Tanglble flxed 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 capilalised and are carried al cost, nel of depreciation and any provision for impairment. Tangible fixed assets are wrillen off over their eslimaled useful lives on the following basis: + Leasehold costs Life of the lease + Building costs 2Vo straight line + Grass and ATP pitches Over 15 years straight line + Fixtures and fillings 25Qkn slraighl line Bacon's College Community Services Limited 17
Principal accounting policies Year lo 31 August 2025 Leases Rentals applicable lo operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged lo the statement of fi'nancial activities on a slraighl-line basis over the lease term. statement of cash flows The disclosLJre exemptions permitted by Update Bulletin 1 of the Charities SORP FRS 102 have been taken advantage of in these financial slatemenls and a statement of cash flows has not been prepared. Bacon's College Community Services Limited 18
Notes to the financial statements 31 August 2025 1 Income from charitable activities 2025 2024 Provlslon of recreatlonal facilltles.. Mellish Fields ATP Football Pilch111 a-side} Melli5h Fields ATP Football Pitch15 a-side) Grass Pitch hire {11 a-sid81 Grass Pitch hire {7 a-side) Other income 173,907 698 14,199 2,578 14,363 202,745 130.011 29,018 13.694 2,674 8,819 184,21e . 2 Expenditure on charitable activitigs 2025 2024 Staff costs {note 51 Management fee Inole 111 Occupancy costs M8inlenance eosls DeprecAalion charges (note 71 Other costs Bank charges Govem8nce costs 111,975 15,000 3B,697 2B,017 97,897 20,877 33B 16,017 328,818 110,518 9.482 43.878 29,613 97.897 20.533 1,579 14,500 328,000 3 Other 2025 2024 Inlgiesl on loan balance from Bacon's College (note 11 9.814 9.814 Bacon's College Community Services Limited 19
Notes to the financial statements 31 August 2025 4 Net movement in funds This is slated after charging. 2025 2024 Deprecialion Auditor's remuneration 97,897 12.150 97,897 11,5(K) 5 Staff costs and Directors, remuneration Staff costs during the year were as follows.. 2025 2024 Wage5 & Salaries Social seourity costs Pension costs Staff training costs 88,314 9,157 14,504 88.951 7,555 14.012 114,975 110,518 Staff costs during the current year relate to salary recharges from United Learning Trust for thirteen members of staff on a parl lime basis. Staff costs during the prior year relate to salary recharges from United Learning Trust for seven members ol staff on a parl lime basis. The Directors consider that they together with the Operations Manager, the Facilitses 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 lo day basis. The total costs incurred by the Company during the year in respect of the remuneration of key management personnel was £35,81212024 - £38,327}. None of the Diieclors received any remuneration in respect of their ServIS during the year 12024 £nill. None ol the Directors were reimbursed for any expenses during the year12024- £nill. There were no employee5 whose annual remuneration was more than £60,000. 6 Taxation BCCS is a registered Charitable Company and therefore is not liable lo income tax or corporation lax on income derived from its charitable aclivilies, as il falls within the various exemptions available lo registered charities. Bacon's College Community Services Limited 20
Notes to the financial statements 31 August 2025 7 Tanglble flxed assets Mellish Fields Development Fixtures, Building Gra55 and fittings and costs ATP pitches equiprnenl Leasehold cosls Total Cost Al 1 Seplernber 2024 Addillons Disposals Al 31 August 2025 116,005 988.993 1.089,266 62,838 2,257,102 116,005 988.993 1.089,266 82,838 2,257,102 Depreciation Al 1 Septerllber 2024 Dlsposals Gharge for th8 year Al 31 Augu812025 32,104 316.406 794,366 34,237 1,177,113 1,933 34,037 19,780 338.186 63,430 857,796 12,754 46,991 97.897 1,275,010 Net book value Al 31 August 2025 At 31 August 2024 81,968 83,901 652,807 672,587 231.470 294,900 15,847 28,601 982,092 1,079,989 8 Debtors 2025 2024 Trade debtors Other debt015 VAT receivable Piepaymenls 16,844 13.762 8.074 1,253 8,634 31,723 2,550 19,394 9 Creditors: amounts falling due within one year 2025 2024 Trade creditor5 Accruals Taxation and SOCAal secuiity Amount due lo related undertakings Inole 111 5,930 52,285 289 204,306 262.810 24,141 42.895 2Q3.170 270.206 10 Creditors: amounts falling due after more than one year 2025 2024 Amount due to related undertakings Inote 111 Sundry credllors 664,612 218,990 883,602 659,743 224,157 883,900 Bacon's College Community Services Limited 21
Notes to the financial statements 31 August 2025 11 Related parties On 1 March 2018 Baeon's College joined United Learning Trust, an exempl charity and a company limited by guarantee Icompany No. 044398591. United Learning Tiusl manages the operation of a group of academies lo provide education for students of different abilities from nursery to age 19. BCCS was sel up by Bacon's College in order lo develop Mellish Fields Iwhich adjoins ils own properly) lor recreational facilities for the local community. Mellish Fields is owned by the London Borough of Soulhwark and is leased lo BCCS. United Learning Trust is a guarantor in respect lo the Mellish Fields lease between the London Borough of Southwaik and BCCS. The Chief Executive Officer and hvo 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 {2024 - £9,814) and staff costs and management fees of £126,975 12024 £120,000) by United Learning Trust. Al 31 August 2025, BCCS owed £791,587 to United Learning Trust12024 - £789,304). 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 2025, BCCS owed £77,330 to ULT Trading Company Limited 12024 £73,609). Bacon's College Community Servi8 Limited 22
Notes to the financial statements 31 August 2025 12 Finance commitments Al 31 August 2025, the total of the Charitable Company's future minimum lease payments under non-cancellable operating leases for land were as follows.. 2025 2024 Amounts due within one year Amounts due between one and five years Amounts due after five years 14,833 59,333 546.844 621.010 14,833 59,333 568,343 842,509 13 Analysis of net assets between funds Unresliicl8d fun(f Designated fund 2025 Total Gèneral fund Tangible fixed assets Net current asselsllliabilitiesl Creditors falling due more th8n one year Ng18s8015 982,092 195.0571 {883,6021 3,433 982,092 195.057} 18B3,6021 3.433 Unreslricted ftjnd Designaled fund 2024 Tolal General fund TangNblg fix8d assgls Nel Cent assets Creditors falling due MO than one year Net assels 1,079,989 {58.443J 1883.900J 137,646 1,079,989 158,443) (883,900) 137,646 14 Share capital The Charitable Company is limited by guarantee and has no share capital. Each member of the Charitable Company guarantees lo subscribe such amount as may be required for the purposes of the Charitable Company, not exceeding £1. Bacon's College Community Services Limited 23