BRIGHT FUTURE ORGANISATION LIMITED (a company limited by gu2r211tee) REPORT AND FINACIAL STATEMENTS for the Year Ended 31 March 2023 BRIGHT FUTURE ORGANISATION LIMITED CONTENT Page Legal and admtnistrdtive information Rcport of the trustees Indcpendent examiner report. Statement of Financial Activitie5 Balallce Shcct Notes fom]ing part of the financial staiements 8-10 BRIGHT FUTURE ORGANISATION LI.MITED CHARITY INFORMATION Committee Members: Mr. William Opwonya Mr. Joe Wacha Mr. James Otim Obaya Mr. Gcorge William Okidi Ms. Sarah Lwanga Chair Seueiary Treasurer Charity No: 1114671 Company No: 5689533 Registered Address: Unli 5, 10 Crown House North Circular Road London NWIO 7PN Independent Examiners: E. Alli Accountancy Service Unli 47B: Park Royal Business Centre 19-21 Park Royal Road London NWIO 7LQ BRIGHT FUTURE ORGA.YISATION LIMII'ED MANAGEMENT COI¥IMIrrEE REPORT The Trustees, present iheir report and financial statements for the year ended 31 March 2023. Objeetives and activities Thc principal objectlvcs and actsvities of the charity aTC= a) To prescrvc and protect the health of those caring for peoplc by offering a respite service through thc provision of caT¢ att¢ndants and in any othet ways that the trustees shall determinc. b) The rcliefof povcrty. distress and sickncss by ihe provision of health advice, infonnation and suppon for black and ethinic minority in the UnÉted Kingdom and in any other way that the trutccs shall detemiine. C) Provision of interprdting and translation Services to the ethnic rninority communities in the United KingdoTtb whom English is not their firsi language in arly ivay that the trustees shall d￿erMane. d) Provission of advice to the unemployed young and adult people in black and ethinic minority communiiies for bctter access io employmcnt including itaining and CRB (Criminal Rccord Buieau) chc£ks and in any othet ways thai the trust¢es shall detennine. e) Thc advancement of education of african peoplc in the UK and ID Uganda cspecially Nothert] Uganda in any way5 that tbc trustees shall detcrmine. str￿ctUre* governance and ￿anagement The Lhdrity Ib go￿erned by its trustees who meet regularly to manage its affait5. 11 does not have full lime paid staff_ The organisation relies on the contribution of the management committee and volunteers for Tunning its day io day afrairs. Statement of Trustees. Responsibilities The law rcquircs Ihe truste¢s' to prepare financial statements for cach financial year which give a truc and fair view of the stsie of affairs of the charity foi that period. tn pr¢paring those financial statements, thc trustees, are Icquired to.. a) 5elcci suitable accounting policies and th¢ apply them consistcntly. b) make judgemeEhts and esLimatcs that are reasonable and pNdent" C) st3te wh¢ther applicable Accouniing Standards and Stsiemcnls of RecommeEkdcd Practice have been followed. subject lo any departures disclos¢d alld explained in the accounts.. and d) prepare ihe financial statements on a going concern basis unless it is inappropriate to pte5Utne that the company will continue in business. The trustees have overall responsibility for ensuring thai ihe charity has approprrate Sy5tcm of controls, financial and otherwise. They are also responsible for keeping proper accoiinting records which disclose with reasonable accuracy at any given timc thc financial position of thc chariiy and to enable them to ensure that the financial slatcments comply with relevani regulations. Th¢y are also responsible for safeguarding the ass¢ls of the the charity and hence for laking teasonable sieps for prevention of fraud and other irrcgularities Risk Management Thc Trustces of the organisation mcct and review all risks the charity is exposed to annually. The irnstccs are satisficd that appropriate steps have been tak¢ll lo identify Jnd manage major rÉsk to which ihe charity is exposed. BRIGHT FUTURE ORGANISATION LIMITED AGL.MEf+rr COMMITTEE REPORT (c'nt} Volunteers Bright Future Organisaiion dcpends on volunieers who give their time in various activities of the organisation such as general office administration and outreach health care work. The organisation has invested in voluniecr training, support and personal dcvclopmcnL Achievetnents and Performance Bright futulc OTganisation would like to thanks all its donors for 5UPPOrting ongoing projects in Alleviating Lon¢lincss & providiTrg Carc Cover for Carers. Fifty three s¢rvice users are currcntly registCTcd with Bright Futurc Organisation. During the year under review, Thineteen healthcare volunteers and seven domestic volunteers wcre engaged lo serve humanity and care for vulncrable people i¥J the community. Three part-time otTice volunteer5 were eneaged and gained work experience by maiiaging the ofrice, performing administraiion. research and the coordinatiiig the dailj activities of the organisatioii. By providing carc covci. principal carcrs wcrc able ¢0 havc some free titne for thenL£clv¢s by gctting themselvcs out from the isolation of cariThg for their lovc ones knowing that, thtough 'Care Cover for Car¢rs' Ihcir lovc ones are being well cared for thcir ab5cllce. By making timc for theinsclve5 the Principal Carcrs were given A brcak in caring for their love ones, Ihc all-important time for their hcalth and wcllbeing. Principal Carers were also given emotional support whenever necessary especially when iheir love ones are distressed. our volunteers were able to calm them down and reassure them. Our volunteers PTovided companionship io the persons being cared for by chatting with them, taking for walks, a bus ride. Coffee or meal in a restaurant. escort to GP or hospital appointments, persoiial and grocery shopping and some domestic dutie5 including light laundry, ironing and prornoting ii)dependence by encouraging those with mcntkl hcalth issu¢s io clcan and tidy their flats. prcpare snacks or cook light Tncals, makc coffee and ica. Financial Revieiv During the year, Bright Futurc Organisation has reccived incoming resource5 of £34.309 (2022-. £27,969) and had outgoing resourccs of£31.961 (2022". £27.i59) in dclivcring ils objccrives as well as for management and administration of the chariiy. Total funds carried forward are £16,987 {2022= £14.639) Reserve Poliey The organisation seek to established a level of reserve that would allow it to increase its a¢tivities and maintain long-tern) viability. Future Plan 115 long t¢im plan As to expand its activities all over London and Greater London ar¢a. Mr. James Stcwart Komakech Director 3 1st August 2023 BRIC'HT FUTIIRF. ORCDANlb.4TIOry LIMITF.D IIYDF.pr.NDF.NT F.XAIMif4ERS RF.IYIRT TO THE MAIYACF.,11F.NT COMMI￿￿￿. OF BRI(:HT FUTIIRF. ORC:ANI%.ITION I rLPI)rt Il)e aicounls ol-Il* Cliariii lor % ear ended J l Nlarih ! *- RespL'Ctii'¢ Responsibiliti￿ of Trustees Examiner. .1 IIL liiclllilLLI)ILni coininillLY. ihi iliariÈi'5 iriJstLiX arL' fiiPOi)siblL. for IhL prep￿Ir￿lI111l É>l- Ih aLLUllnt%. 'I'l)e iiiana¥L TnLni coininiltee c()l)Nider iliiil an diidil 1% nnt reqlli￿d lor Iliis i Lar undLr.sectiui? 431_1 ol'iliL C'h(Iriiies Act l 94.) iilie 199i Aci) thal dn independLni c.￿l￿1￿￿tion 55 IILLXJL" It IN iiii" rL4pt)nsihilili' io stJlL'. on iliL' basi% ofpr(KL.durLE SKLcifiLd in IhL' CILnLrJl l)ifL'CllOn ol-tliL' C-li'irilK ('i?Ini7Ji%%iL)Iier uiidLf seLii(iiJ 431711 bl ()t-Il)L 1993 Aci. i1￿.111er paniLuldr inJl1ir_% IiaN'e L()ll)L' Bd¥is of Independent F.Tamint'r'% Report 15. txJilliiiillii)11 cafried out iii aLL()rdanLe li iih iliL I)L'l?iral Direilion ¥Trj¥'en bi. IIIL C-hdril) ComTriibsioiier%. An exainii?rds ilnd li) Ll)IiiplI' H.iih Il)e LILC()LLlllinbY fLyiiirimLni% ol-IliL Act. havl nill K'cn MLI. tTrr 10 i¥liiil). iii iii) upinii)n. aitLllliun %huuld be draii'ii iii order li) Ln3ble a pmrK'r undLY¥iandinut vl-the aLCQUFiI 10 be E. Alli l)ale.- iih SLPtL'fft&.r Iii•3. L¢()lJlll'llli erviLL' l Jliijl 4711 P;ijk Ilo¥al Eliisinex% L-L'nire lioi al Road NW11I71.Q BRIGHT F'UTURE ORCANISATIOP4 LIMITED STATEMENT OF FTNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Notes Unrestrtcted Funds Restricted Funds Total 2023 Total 2022 INCOMINC RESOURCES Grants Donaiions & Othci Incomc 3.000 24.969 34.309 34,309 Total Incoming Resourees 34.309 34,309 27.969 RESOURCES EXPE.NDED Cost of Generdting Funds Charitable Activities Governance Costs 653 25.540 500 653 30.808 500 5,268 27,059 500 Total Resources Expended 26.693 5.268 31,961 27.559 NET INCOMif*GI(OUTGOING) RESOURCES &OR'I'HE YE.4R 7,616 (5,268) 2,348 410 Balances blf at l April 2022 9.371 5.268 14,639 14.229 Balances clf at 31 March 2023 16.987 16.987 14,639 BRIGHT FUTURE ORGATr4lSATIO.Y LIMITED BALANCE SHEET AS AT J l MARCH 2023 Note5 2023 2022 TALNGIBLE FIXED ASSETS 3,484 75 CURREYI" ASSETS Cash ai Bank & in Hand 16,802 16,802 17,363 17.363 CREDITORS: Amount falliTr&y due withiD onc yvar 3299 2,799 NET CURRENT ASSETS 13,503 14,564 TOTAL ASSETS LESS CLTRRENT LIABILITIES 16.987 14,639 RESTRICTED FUNDS UNRESTRICTED FUTr4DS 5,268 9,371 16.987 16,987 14,639 Director's Statcmcn15 For the year ending 3 1st March 2023 the charitablc company was entitled to cx¢mption from audil und¢r scction 477 of thc Cumpallics Act 2006 rclating to small companies. Responsibilitl¢5 of dir¢CtOr￿truStce5-. al Thc menibers hav¢ not required the charitsble COTnpany to obrain an audit of its accounts for thc year in qucsiion in accordance with section 476 of ihe CoTnpknics A¢i- llowever. in accordance with section 43 of the Charities Aci 1993 the accowits have been examined by an Indcpcndent examiner whose report appears on page 4 b) The directors/tru51ccs acknowledge their responsibilities for complying wilh the requirement of the Companie5 Act with respect to accounting records and the Preparation of accounts Th¢sb accounls have been prepared in acconlance with the ptovisiorks applicable to comp￿leS subject to the small companies'regime,. Approved by the M3nagement Collllnittec and signed on theiT bchalf by: Mr. Jamcs Stewart Kotnakcch Director 31st August 2023 BIUGHT FUTURE ORGAf41SATION LIMITED NOTES TO THE ACCOUNfS FOR THE YEAR ENDED 31 MARCH 2023 Accounting Policie5 a) The financial statements are prepared under the historical costs ba5i5 and with the Charities Act 1993 and rclated rcgulations. b) These financial statements have been prepared in accoidance with the Statctncnt of Recornmcndcd P￿ct￿Ce Accounting by Charities and applicable accounting slandards. c) Dcprcciation is provided on straight lille basis ov¢r estimated useflll life of the assets which is four years. d) Voluntary incom¢ r¢c¢ived by way of donation5 is included in full in the account when receivable. e) Funds received for specific purposes are funds restricted for use for that PUTPOSe. Expenditure includes all expenditurcs incu￿ed on incomc rcccivcd or on othct schemcs run in putsuan¢e of the organisalions objectives wider its charter. g) Cost of g¢n¢rating funds ale costs associated with attracting voluntary income. Charitablc cxpcnditurc ar¢ thos¢ costs incurtcd in the delivery of the chariiy's activilies and thcsc costs includes diiecl support costs. Governance costs include those associated with meeting the constitutional and statutory requirements. 2. Tangible Flxed Assets Computer & rr Equipm't Furniture Equipment Total COST At l April 2022 Additions in Year 6.291 1,536 7,827 1,943 2,497 4,440 8,234 4.033 12,267 At 31 March 2023 DEPRECIATION At l April 2022 Charge foi the Year At 31 March 2023 6.216 1.943 624 8,159 624 6.216 2,567 8,783 NET BOOK VALUE Al 31 March 2023 1.611 1,873 3,484 Al 31 Mar¢h 2022 75 75 BRIGHT FUTURE ORGANISATIOP4 LIMITED NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 3. Resources Expended Unrcstrictcd Rcslricled Total 2023 Total 2022 Cost of generating funds Volunteer Expcnsc Consultancy Publicity sub-total 426 125 102 653 426 125 102 653 Charitable Activities Education, Infomiation, Welfare & Workshops Project Co-ordinator Volunteer F.xpenses & Training Rent, Ratcs, Heat & Light Sialionery & Postage Printing, Publicity & Publication5 Tclephone & Internet Insurance Legal & Professional Fees Consultancy Travel Depreciation sllb-total 6,133 1.534 6,133 4,613 4,123 3,570 6,333 5,790 8,660 8,660 880 659 187 95 751 558 712 653 596 361 1.308 1.008 501 414 624 678 30.808 27,059 2,589 1,893 8,660 880 187 751 712 596 522 501 624 2).540 786 5,268 Governance Independcnt Examiners Fees sub-total 51M) 5(K) 500 500 500 500 Toial Resources Ex Lndcd 26.693 5.268 31.961 27,559 BRIGHT FUTURE ORG.4f41SATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Unresiricted Restricted bunds Funds Totsl 2023 Total 2022 In¢omiDg resources Souter Charitable Trust Donations & Olhcr Income Total 3,000 34,)09 24.969 34.309 27.969 34,309 34.309 2023 2022 Creditors AccTuals 3.299 2,799 Unrcstrictcd Restricted Funds Funds Total Analysis of net assets behveen funds Fund balances at 31 March 2023 arc prc5¢ntcd by- Tangiblc fixed assets (notes 6) Ciirrent Assets Creditors Total 3.484 16.802 (i.299) 16.987 3,484 16.802 1.3.299} 16.987 Unrestricted Reslricted Funds Funds Total Analysis of net assets between funds Fund balances at 31 March 2022 were presented by: Tangible fixed assets (notes 6) Current Assets Creditors Total 75 3,395 (2,799) 671 75 13,968 17,363 (2,7991 14,639 13.9C)8