BIUGHT FirruRE ORGANISATION LIMITED (a company limited by guarantee) REPORT AND FINACIAL STATEMENTS for the Year Ended 31 March 2024
BRIGHT FUTURE ORGANISATION LIMITED CONTENT Page Legal and administrative iDformation Report of the trustees Independent examiner report. Statement of Financial Activities Balance Sheet Notes forniing part of th¢ financial statements 8-10
BRIGHT FufuRE ORGANISATION LIMITED CHARITY INFORMATION Committee Members= Mr. William Opwonya Mr. Joe Wacha Mr. James Otim Obaya Mr. George William Okidi Ms. Sarah Lwanga Chair Secretary Treasurer Charlty No.. 1114671 Company No: 5689533 Registered Address: Unit 510 Crown House North Circular Road London NWIO 7PN Independent Examiners: E. Alli Accountancy Service Unit 47B, Park Royal Business C¢ntr¢ 19-21 Park Royal Road IA>ndon NWIO 7LQ
BRIGHT FUTURE ORGANISATION LIMITED MANAGEMENf COMMITfEE REPORT The Trustees, present their report and financial statements for the year ended 31 March 2024. Objectives and activities The principal objectives and tIvItieS of the charity are: a) To preserve and PTOtect the health of those caring for people by offering a respite service through the provision of car¢ attendants and in any other ways that the trustees shall deterniine. b) The relief of poverty. distress and sickness by the provision of health advice, infonnation and support for black and ethinic minority in the United Kingdom and in any other way that the tmtees shall deterniin¢. C) Provision of inteTprating and translation services to the ethnic minority communities in the United Kingdom whom English is not their first language in any way that the trustees shall deteTmin¢. d) Pmvission of advice to the unemployed young and adult people in black and ¢thinic minority communities for bett¢r access to employment including training and CRB (Criminal Record Bureau) checks and in ally other ways that the trustees shall detern)ine. e) The advancement of education of african pcople in the UK and in Uganda esp¢cially Nothern Uganda in any ways that the trustees shall deternjine. Structure? governance and management The charity is governed by its trnstees who meet regularly to rnanage its affaiTS. It does not have full time paid slaff. The organisation relies on th¢ contribution of the management committee and volunteers for nmning its day to day affairs. Statement of Trustees, Responsibilities The law requires the trustees, to prepare financial statements for each financial year which give a trne and fair vi¢w of the state of affairs of the charity for that period. Jn Preparing those financial statements, the trustees, are required to.. a) select suitable accounting policies and the apply them consistently; b} make judgemeThts and estitnates that are reasonable and prudent" C) state whether applicable Accounting Standards and Statements of Recommended Practice have been followrf subject to any departures discloscd and explained in the accounts: and d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in buslness. The trustees have overall responsibility for ensuring that the charity has appropriate system of controls. financial and otherwise. They are also responsible foT keeping proper accounting records which disclose with reasonable accuracy at any given time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant regulations. They ar¢ also responsible for safeguarding the assets of the the charity and hence for taking reasonable steps for prevention of fraud and other irregularities Risk Management The Trustees of the organisation meet and review all risks the charity is exposed to aDnually. The trustees are satisfied that appropriate steps have been taken to identify and manage major risk to which the charity is exposed.
BRIGHT FUTURE ORGANISATION LIMITED MANAGEMENT COMMrrTEE REPORT Volunteers Bright Future Organisation dq)ends on volunteers 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 volunt¢er training, support and personal dcvelopment. Achievements and Perforniance Bright futur¢ organisation would like to thanks all its donors for supporting ongoing projects in Alleviating Loneliness & providing Care Covei for Car¢rs. c'nt) During the year under review. Care cover w&8 provided to 15 clients giving principal carers much needed break. Ten healthcare volunteers and five domestic volunt¢ers were engaged to serve humanity and care for vuInerable peopIe in the community. Two part-time offic¢ volunteers were engaged and gained work experience by managing the office, perfomiing administration, research and the coordinating the daily activities of the organisation. By providing care cover, principal carers wer¢ able to have some free time for themselves by getting themselves out from the isolatlOD of caring for their love ones knowing tha( through 'Care Cover for Carers, their love ones are being well cared for in thetr absence. By making tin)e for themselves the Principal Carers were given a break in caring for their love ones, the all-important time for their health and wellbeing. Principal Carers were also given emotional support whenever necessary especially when th¢ir love ones are distressed. our volunteers were able to calm them down and reassure thenL Our volunteers provided companionship to the persons being cared for by chatting with them, taking for walks. a bus ride, coffee OT mcal in a restaurant. escort to GP or hospital appointtnents, personal and grocery shopping and some domestic duties including light laundry, ironing and promoting independence by encouraging those with mental health issues to clean and tidy their flats, prepare snacks or cook light meals, n]ake coffee and tea. Financial Review During the year, Bright Future Organisats'on h&$ Teceived incoming resources of £33,452 (2023.. £34,309) and had outgoing resources of £33,431 (2023.. £31,961) in delivering its objectives as well as for managem¢nt and administration of the charity. Reserve Policy Th¢ organisation seek to established a level of reserve that would allow it to increase its activiti¢s and maintain long-temi viability. Future Plan Its long temi plan is to expand its activities all over London and Greater London area. Mr. James Stewart Komakech Director 15th August 2024
BRIGHT FUTURE ORGANISATION LIMITED INDEPENDENT EXAMINERS REPORT TO THE MANAGEMENT COMMITTEE OF BRIGHT FUTURE ORGANISATION I report on the accounts ot.the Chariiy for the year ended 31 March 20?4. Respectii'e Responsibilities ofTrustees and Examiner. T'lie management conimittee. as the charity's trustees. are resKx>nsible for the preparalion of thL accouiits. The management coinmittee consider ihat an audii is not required for ihi.s year under seciion 43(2) of the Charities Act 1993 (the 1993 Act) and thai an independ¢nt examination is iieeded. 11 is my responsibility to state, on the basis of procedures specified in the General Direction of Ilie c.harity Commissioner linder section 43(7Kb) of the 1993 Acl, whether particular It)aiiers hai'e come to my attention. Basis of Independent Examiner's Report My examinalion was carried out in accordatice with ihe General Direction given bj< the Charity Commissioners. An examination includes a review of the accounting records kepi by Ihe chariij" and a comparison of the accounis wilh those records. li includes consideration of any unusual itenis or disclosures in ihe accounts. and seeking explanaiions from Jou as trustees concerning anv such matlers. The procedures undertakeii do not provide all the evidence that would be required in an audil. and coiisequently I do not express an audit opinion on the view g7iven by the accounts. Independent Examiner's Statement In coniiection ¥vith my e.iaminatioii. no matler has coffle to my attention.. .hICh me re&sonable cause lo believe that in any material respect the requirement5.' to keep accounting records in ¢lLcordance wilh section 41 of the 1993 Aci.. and to prepare accounts which accord with the accountinLJ records and to cotnply with the accountinu requiremeiits of the ACL have not been met. or io hleh. in Iny opinion, attention should be draw'n in order to enable a proper understanding of the accuunl lo be reaclied. F.,. Alli Accountancy fje ice Unli 47B, Pa Royal Business Centre 19_?I Park R al Road Loiidon NWIQ 7LQ Dale: ?8th August 2024.
BRIGHT FUTURE ORGAMSATION LIMITED STATEMENT OF FINANCTAL AcrIvIEs FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Funds Restricted Funds Total 2024 Total 2023 INCOMING RESOURCES Grants Donations & Other Income Total Incoming Resources 33,452 33,452 34,309 33,452 33,452 34,309 RESOURCES EXPENDED Cost of Generating Funds Charitable Activities Governance Costs 775 32.156 500 775 32,156 500 653 30,808 500 Total Resources Expended 33,431 33,431 31,961 NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR 21 21 2,348 Balances b/f at l April 2022 16,987 16,987 14,639 Balances c/f at 31 March 2023 17,008 17,008 16,987
BRIGHT FUTURE ORGANISATION LIMITED BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 TANGIBLE FIXED ASSETS 2,476 3,484 CURRENf ASSETS Cash at Bank & in Hand 18,331 18,331 16.802 16,802 CREDITORS: Amount falling due within one year 3.799 3,299 NET CURRENT ASSETS 14,532 13,503 TOTAL ASSETS LESS CURRENT LIABILITIES 17.008 16,987 RESTRICTED FUINDS UNRESTRICTED FUNDS 17,008 17.008 16,987 16,987 Director's Statements For the year ending 31st March 2024 the charitsble company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatlng to small companies. Responsibilities of directorsltwste¢s: a) The members have not required the charitable company to obtsin an audit of its accounts for the year in question in accordance with section 476 of the Companies Act- however, in accordance with section 43 of the Charities Act 1993 the accounts have been examined by an Independent examiner whose Teport appears on page 4 b) The directorsltrustees acknowledge their responsibilities for wmplying with the requirement of the Companies Act with iespect to accounting CordS and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies 'reme,. Approved by the Management Committee and sigDed on their bebalf by. Mr. James Stewart Komakech Director 15th August 2024
BIUGHT FUTURE ORGANISATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies a) The financial statements arc prepared under the historical costs basis and with the Charities Act 1993 and related regulations. b) These fanCIal statements have been prepar¢d in accordance with the Statement of Reconjmended Practice Accounting by Charities and applicable accounting standards. c) Depreciation is provided on straight linc basis over estin]ated useful life of the assets which is four years. d) Voluntary income received by way of donations is included in full in the account when receivable. e) Funds received for specific purposes are funds restricted for use for that purposc. Expenditure includes all expenditures incurred on income received or on other schemes run in pursuance of the organisations ObJtiveS under its charter. g) Cost of generating funds ar¢ costs associated with attracting voluntary incom¢. Charitable expenditure are those costs incUed in the delivery of the charity's activities and these costs includes direct support costs. Governance costs include those associated with meeting the constitutional and stathtory requiremcnts. 2. Tangible Fixed Assets Computer & rr Equipm Furniture & Equipment Total COST At l April 2023 Additions in Year At 31 March 2024 7,827 4,440 12,267 7,827 4.440 12,267 DEPRECIATION At l April 2023 Charge for th¢ Year At 31 March 2024 6,216 2,567 1,008 3,575 8,783 1,008 9,791 6,216 NET BOOK VALUE At 31 March 2024 1,611 865 2.476 At 31 March 2023 1,611 1.873 3,484
BRIGHT FufuRE ORGANISATION LIMITED NOTES TO THE F]NANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 3. Resources Expended UnTestricted Restricted Total 2024 Total 2023 Cost of generating funds Volunteer Expenses Consultancy Publicity sub-total 426 125 102 653 619 114 42 775 619 42 775 Charitable Activities Education, Infornmtion, Welfare & Workshops Project co)rdInatOr Volunteer Expenses & Training Rent, Rates, Heat & Light Stationery & Postage Printing, Publicity & Publications Telephone & Internet Insurance Legal & Professional Fees Consultancy Travel Depreciation sub-total 5.090 6,423 6,772 8,660 715 64 941 854 1,058 145 426 1,008 32,156 5,090 6,423 6,772 8,660 715 6,133 4,123 6,333 8,660 880 187 941 751 854 712 1,058 596 145 1,308 501 426 1,008 624 32,156 30,808 Governance Independent Examiners F¢es sub-total 500 500 51X) 500 500 500 Total Resources Ex ended 33.431 33.431 31,961
BIUGHT FirruRE ORGANtSATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unr¢strACt¢d Restricted Funds Funds Total 2024 Incoming resources Total 2023 Donations & Other Incomc Total 33.452 33.452 33.452 34,309 33,452 34,309 Creditors Accruals 2024 2023 3,799 3,299 Analysis of net assets between funds Fund balances at 31 March 2024 are presented by: Tangible fixed assets (not¢s 6) Current Assets Creditors Total Unrestricted R¢stricted Funds Funds Total 2,476 18.331 3,799 17,008 2,476 18,331 3,799 Analysis of net assets behveen funds Fund balances at 31 March 2023 w¢re presented by.. Tangible fixed &8sets (notes 6) Current Assets Creditors Total Unrestricted Restricted Funds Funds Total 3,484 16,802 3.299 16,987 3,484 16,802 3.299 16.987