REGISTERED CHARITY NUMBER: 1110823 Report of the Trustees and Flnanclal Statements for the Year Ended 31 March 2024 for Brlghter Future Internatlonal Trust Brighter Future International Trust Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees 1to2 Independenl Examinerfs Report Stalament of Financial Activities Balance Sheet Notes to the Financial Statements 6t07 Detailed Statement of Financial Activities Brlghter Future International Trust Report of the Trustees for the Year Ended 31 March 2024 The trustees presenl their report with the financial slat8ments of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounling and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing thair accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective 1 January 2015). REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1110823 Charlty Reglstered office and correspondence Addr8SS 1 Charlies Yard Dyke Bourne Lincolnshire PE10 OGQ Board of Trustees Mr Shailesh Naik Mr Ramesh Dewan Mr James Hand Mrs Elizabeth Petlersen Mrs Dawn Macaulay Independ8nt examiner V Tharmarajah Account8nts 45 Cheslnut Drive Pinner Middl8$8X HA5 ILX Bankers Lloyds Bank PIC 81 High Streel Ashford K8nt TN24 8SS STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, Recruitment and appointment of new trustees The Iruslees named above have served throughout the year or as from date of appointment or up to date of resignation. Appointment of trustees is gov8med by the Trust Deed of the charity. The board has the power to appoint 8dditional trustees as it considers fit lo do so. Organlsatlonal structure The charity is organised so that the tTUSte8s consult 8ach other regularly to manage its affairs. Brighter Future International Trust Report of the Trustees for the Year Ended 31 March 2024 Risk management The Irustees hav8 a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objectives and aims The object of the charity as Stated by Trust Deed are to provide vitsl help for people who are affected by poverty, disease, disability and prejudice. We work in partnership with individuals, families and communities bring in restoration, hope and dignity. ACHIEVEMENT AND PERFORMANCE Charitable activities The Iwstees consider that the performance of the charity this year has been satisfactory. Investment performance The Irusle8s are currently satisfied with the inveslment performance of the assets. Internal and external factors The trustees have made a fu51 assessment of the intemal and external factors Ihat may affect these financial slatements and do not de8m any factors material enough to have an impact. FINANCIAL REVIEW Principal funding sources The principal funding sources were all from donations from individuals, corporates and fund raising activities. Approved by order of the board of trustees on 20 August 2024 and signed on its behalf by.. Shailesh Naik - Trustee Ram8sh Dewan- Trustee Independent Examlner's Report to the Trustees of Brighter International Trust I report to the charity trustees on my examination of the accounts of the Brighter Future International Trusl for the year ended 31 March 2024.. Responsibilities and basls of report As Ihe charity trustees, you 8re responsible for the pr8par8tion of the accounts in accordance with the Charities Act 2011 (the Act). I report in respect of my examination of the Trust's accounts carried out under section 145 of th8 2011 Acl and in carrying out my examination, I have followed all the applicable Direction given by the Charity Commission under accounts carried out under s8Ction 145 {5)(bl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material m8tters have come to my attention in connection with Ihe examinalion which gives me cause to believe than in, any maierial respect.. 11) Accounting records were not kept in respect of the Trust as required by section 130 of the Act or The accounts do not accord with those or Th8 accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 olher than any requirement that Ihe accounts give a tru@ and fair view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your att8nlion should b8 drawn io enable a proper understanding of the accounts to be reached. V Tharmarajah Accountants 45 Chestnut Drive Pinner HA51LX 20 August 2024 Brighter Future International Trust Statement of Flnanclal Activities for Ihe Year Ended 31 March 2024 2024 2023 Unrestr4Cted Total Funds fund Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 151,184 165,741 Investment income 102 21 Total Incomlng resources 151,286 165,762 RESOURCES EXPENDED Governance costs Other resources expended 23,745 142,400 15,286 151,200 Total resources expended 166,145 166,486 NET INCOMING RESOURCES (14,859) (724) RECONCILIATION OF FUNDS Total funds brought forward 27,737 28,461 TOTAL FUNDS CARRIED FORWARD 27,737 The notes form part of these financial statements Brighter Future IntemationaF Trusf Balance Sheet At 31 March 2024 2024 2023 Unrestricted Total funds fund Notes CURRENT ASSETS Cash at bank Debtors 8,817 4,061 24,176 3,561 12,878 27,737 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 12,878 TOTAL ASSETS LESS CURRENT LIABILITIES 12,878 27,737 NET ASSETS 12,878 FUNDS Unrestricted funds TOTAL FUNDS 27,737 The financiaf statements were approved by the Board orrrustees on 20 August 2014 and were signed on its Behalf by; Shailesh Naik-Truslee Ramesh Dewan- Truslee The notes form part of these financial stat'ements Brighter Future Internatlonal Trust Notes to the Flnanclal Slatements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparlng the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with Ihe Charities SORP {FRS102) 'A¢counting and Reporting by Charitles; Statement of Recommended Practice applicable to to charities preparing their accounts in accordance with the Financial Reporling St8ndard in the UK and Republic of Ireland {FRS102) (effective 1 January 2015)',Financial reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stat8m6nts hav8 b88n pr8pared undar tha historical cost convention. Incoming resources All incoming resources are included on the Statement of Fin8ncial Activities when Ihe charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. lthere costs cannot be directly attributed to particular headings they have been allocated to activities on 8 basis consistent with the use of resource8. Taxatlon The charity is exempt from corporation tax on its ch8rilable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Further explanation of the nature and purpose of each fund is included in Ihe notes to the financial statements. INVESTMENT INCOME 2024 2023 Deposit account interest 102 21 102 21 TRUSTEES. REMUNERATtON AND BENEFITS There were no Iwstees, remuneration or other benefits for the year ended 31 March 2024 nor for Ihe year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year eTKled 31 Marth 2024 nor for the year ended 31 March 2023. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals Brlghter Future Internatlonal Trust Motes to the Finan¢Sal Statements - contlnued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS Net movement In funds At 1.4.23 At 31.3.24 Unrestricted funds General fund 27,737 (14,859) 12,878 TOTAL FUNDS Net mov8ment in funds, included in the above are as follows.. Incomlng Resources resources expended Movement In funds Unrestricted funds General fund 151,286 (166,145) (14,859) TOTAL FUNDS 151286 Brighter Future International Trust Detailed Statement of Flnancial Actlvltles for the Year Ended 31 March 2024 2024 2023 INCOMING RESOURCES Voluntary Income Donations 151,184 165,741 Investment incom& Deposit account interest 102 21 Total Incomlng resource8 151,286 165,762 RESOURCES EXPENDED Governance costs Administrative expenes Accountancy Legal fees General expenses 23,645 15,186 100 100 23.745 15,286 Other resources expended Donations 142,4UO 151200 Total resources expended 166,145 166,486 Net income 114,859) (724) Realised recognlsed gains and losses Loss on sale of investment assets Net Income 14 859) ￿724) Thi5 page does not form part of the statutory financial statements