BRIGHT FUTURE ORGANISATION LIMITED (a company limited by guarantee) REPORT AND FINACIAL STATEMENTS for the Year Ended 31 March 2025
BRIGHT FUTURE ORGANISATION LIMITED CONTENT Page Legal and administrative infonnation Report of the trustees Independent examiner report. Statement of Financial Activities Balance Sheet Notes forining part of the financial statements 8-10
BRIGHT FUTURE ORGANISATION LIMrrED CHARITY tNFORMATION Commlttee Members: Mr. William Opwonya Mr. Joe Wacha Mr. James Olim Obaya Mr. G¢orge William Okidi Ms. Sarah Lwanga Chair Secretary Tre&8urer Charity No: 1114671 Company No: 5689533 Regfistered Address: Unit 51 O Crown House North Circular Road London NWIO 7PN Independent Examiners: E. Alli Accountancy Service Unit 47B, Park Royal Business Centre 19-21 Park Royal Road London NWIO 7LQ
BRIGHT FUTURE ORGANISATION LIMITED MANACEMENT COMMITTEE REPORT The Trustees, present their report and financial stat¢ments for the year ended 31 March 2025. Objectives and aclivities The principal objectives and a¢tivities of the charity are.. a) To preserv¢ and protect the healih of those caring for people by offering a Tesplte service through the provision of care allendants and in any other ways that the trustees shall detennine. b) The relief of poverty, distress and sickness by the provision of health advi¢¢, infonnation and sUPPOrt for black and ethinic minority in the United Kingdom and in any other way that the trut¢cs shall detertnine. C) Provision of interprating and translation services to the ethnic rninority communities in the United Kingdom whom English is not their first language in any way that thc trustees shall determin¢. d) Provission of advice to the unemployed young and adult people in black and ethinic minority coinmunities for better access to employment including training and CRB (Criininal Record Bureau) checks and in any other ways that the trusiees shall determine. e) The advancement of education of african people in the UK, and in Uganda especially Nothern Uganda in any ways that the trustees shall determine. Structure? governance and management The charity is governed by its trustees who meet regularly to inanage its affairs. It does not hav¢ full time paid staff. The organisation relies on the contribution of the management committee and volunteers for runnin&y its day to day affairs. Statement of Trustees, Responsibilities The law requires the trustees, to prepar¢ financial statements for each financial year which give a true and fair view of the state of affairs of the charity for that period. In preparing those financial statements, the trustees, are required to: a) select suitable accounting policies and the apply iheTn con5iStently> b) make judgeinents and estimdtes that are reasonable and prudent. C) slate whether applicable Accounting Standards and Statements of Recommended Practice have been follo,ed, subject to any departures disclosed and explained in the accounts: and d) prepare the financial statements on a going concern basis unles5 It is inappropriate to presume that the company will continue in business. The trustees have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any given tiTne the financial position of the charity and to enable them to ensur¢ thal the financial statements comply with relevant regulations. They are a150 responsible for safeguarding the assets of the the charity and hence for taking reasonable steps for prevention olfraud and other irregularities Risk Management The Trustees of the organisation meet and review all risks the charity is exposed to annually. The trustees are satisfied that appropriate steps hav¢ been taken to identify and manage major risk to which the charity is exposed.
BRIGHT FUTURE ORGANISATION LIMITED MANAGEMENT COMMITTEE REPORT (c'nt) Volunteers Bright Future Organisation depends on volunteers who give their time in various activities of the organisation such as general office administration and outr¢ach health care work. The organisalion has iiivested in volunteer trainin& support and personal development. Achievements and Performance Bright future organisation would like to ihanks all its donors for 5UPPOrting ongoing projects in Alleviating Loneliness & providing Care Cover for Car¢rs. During the year under review. Care cover w&s Provided to I I clients giving principal carers much needed break. Ten healthcare volunteers and five domestic volunteers were engaged to serve humanity and care for vulnerable people in the coinmunity. Two part-time office volunteers were engaged and gained work experience by managing the office, performing administration, research and the coordinaling the daily activities of the organisation. By providing care cover, principal carers were able to have soine free time for themselves by getting theinselves out from the isolation of caring for tlieir love ones knowing that, through 'Care Cover for Carers, their love ones are being well cared for in their absence. By making time for theinselves the Principal Carers were given a break in caring for their love ones, the al l-important time for their health and wellbeing. Principal Carers were also given emotional support whenever necessary especially when their love ones are distressed. our volunteers were able lo calm tliem down and reassure them. Our volunteers provided companionship lo ihe persons being cared for by chatting with them, laking for walks, a bus ride, coffee or meal in a resldurant, escort to GP or hospital appointinents, personal and grocery shopping and soine doinestic 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, make coffee and tea. Flnanelal Review During the year, Bright Future Organisation has received incoming resources of £39.163 (2024: £33,452) aiid had outgoing resources of £36,853 {2024'. £33,431) in delivering its objectives as well as for management and administration of the charity, Reserve Policy The organisation seek to ¢slablished a level of reserve that would allow it to increase its activities and maintain long-lerm viability. Future Plan Its long term plan is lo expand its activities all over London and Greater London area. Mr. James Stewart Komakech Director 20th August 2025
BRIGHT FUTURE ORCANISATION LIMITED INDEPENDENT EXAMINERS REPORT TO THE MANAGEMENT COMMITTEE OF BRIGHT FUTURE ORGANISATION I report on the accounts of the Charity for the year ended 31 March 2025. Respeetive Responsibilities of Trustees and Examiner. The management committee, as the charity's Irustees, are responsible for the preparation of the accounts. The management committee consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent cxamination is n¢eded. It is my responsibility to state, on the basis of procedures specified in the General Direction of the Cliarity Commissioner under section 43(7)(b) of the 1993 Act, whether particular matters have come to my attenlion. Basis of Independent Examiner's Reporl My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by ih¢ charity and comparison of the account5 With those records. It include5 consideration of any unusual ilems or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence thal would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In connection wilh my examination, no matter has come to my attention: which give me reasonable cause to believe that in any Inaterial respect the requirements: to keep accounting records in accordance with section 41 of the 1993 Act: and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, have not been inet, or to which, in my opinion, atiention should be drawn in order to enable a proper understanding of the account lo be reached. Dale: 26th August 2025. Accountancy Service Unit 47B, Park Royal Business Centre 19-21 Park Royal Road London NW107LQ
BRIGHT FUTURE ORGANISATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Noles Unrestricted Funds Restricted Funds Total 2025 Total 2024 INCOMING RESOURCES Grants Donations & Other Income 39,163 39,163 33,452 Total Incoming Resources 39,163 39,163 33,452 RESOURCES EXPENDED Cost of Generating Funds Charitable Activities Governance Costs 1.325 35,028 500 1,325 35,028 500 775 32,156 500 Total Resources Expended 36,853 36,853 33,431 NET IIYCOMING/(OUTGOING) RESOURCES FOR THE YEAR 2,310 2,310 21 Balances blf at l April 2024 17,008 17,008 16,987 Balances clf at 31 March 2025 19,318 19,318 17,008
BRIGHT FUTURE ORCANISATION LIMITED BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 TANGIBLE FIXED ASSETS 3,816 2,476 CURRENT ASSETS Debtor & Prepayment Cash at Bank & in Hand 956 17,645 18.601 18,331 18,331 CREDITORS: Amount falling due within one year 3,099 3,799 IYET CURRENT ASSETS 15,502 14,532 TOTAL ASSETS LESS CURRENT LIABILITIES 19,318 17,008 RESTRICTED FUNDS UNRESTRICTED FUNDS 19,318 17,008 19,318 17.008 Direetor's Statements For the year ending 31 st March 2025 the tharitable company was entitled to exemption from audit under section 477 of the Companies Aci 2006 relating to small companies. Responsibilities of directors/trustees'. a) The members have not required the charitable company io obtain an audit of its accounts for the year in question in accordance wilh 5eclion 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 report appears on page 4 b) The director51trustees acknowledge their T¢5pon5ibilities for complying with the requirement of the Companies Act with respect to accounting records and the preparation of accounts These account5 have been prepared in accordance with the provisions applicabl¢ to companies subject to the small coinpanies 'regime'. Ap roved by the Management Committee and siged on their behalf by: Mr. James Stewart Komakech Director 20th August 2025
BRIGHT FUTURE ORGANISATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies a) The financial statements are prepared under Ihe historical costs basis and with the Charities Act 1993 and related regulations. b) These financial statements have been prepared in accordance with the Statement of Recommended Practice Accounting by Charities and applicable accounting standards. c) Depreciation is provided on straight line b&sis over eslimated 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 purpose. Expenditure iiicludes all expenditures incurred on income received or on other schemes run in pursuance of the organisations objectives under its charter. g) Cost of generating funds are costs associated with attracting voluntary income. Charitable expenditure are those costs incurred in the delivery of the charity's activities and these costs incl udes direct support costs. Governance cosls include those associaled wilh tneeting the constitutional and statutory requirements. 2. Tangible Fixed A$$ets Cornputer & IT Equipm't Furniture & Equipment Total COST At l April 2024 Additions in Year 7,827 1,135 8,962 4,440 653 12,267 1,788 14,055 At 31 March 2025 5,093 DEPRECIATION At l April 2024 Charge for the Year At 31 March 2025 6,216 284 3,575 164 9,791 448 6,500 3,739 10,239 NET BOOK VALUE At 31 March 2025 2.462 1,354 3,816 Al 31 March 2024 1,611 865 2,476
BRIGHT FUTURE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3. Resources Expended Unrestricted Restricted Total 2025 Total 2024 Cost of generating funds Volunteer Expenses Consultancy Publicily sub-total 1,043 228 54 ,325 1.043 228 54 ,325 619 114 42 775 Charitable Activities Education, Information, Welfare & Workshops Project Co-ordinator Voluiiteer Expenses & Training Rent, Rates, Heal & Light Stationery & Postage Printing, Publicity & Publications Telephone & Internet Insuraiice Legal & Professional Fees Consultancy Travel Depreciation sub-total 4,563 7,219 8,523 8,660 1,135 271 1,124 905 1,030 637 514 447 35,028 4,563 5,090 7.219 6.423 8,523 6,772 8,660 8,660 1,135 715 271 64 1,124 941 905 854 1,030 ,058 637 145 514 426 447 ,008 35,028 32,156 Governance Independent Examiners Fees sub-total 500 500 500 500 500 500 Total Resources Ex ended 36,853 36,853 33,431
BRIGHT FUTURE ORGANISATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted Funds Funds Total 2025 Total 2024 Incoming resources Donations & Other Income Total 39,163 39,163 39,163 33,452 39,163 33,452 2025 2024 Creditors Accruals 3,099 3,799 Unrestricted Restricted Funds Funds Total Analysis of net assets between funds Fuiid balances at 31 Marcli 2025 are presented by: Tangible fixed assels (notes 6) Current Assets Creditors Total 3,816 18,601 (3,099) 19,318 3,816 18,601 (3,099) 19,318 Unrestricted Restricted Funds Funds Total Analysis of net assets between funds Fund balances at 31 March 2024 were presented by: Tangible fixed assets (notes 6) Current Assets Creditors Total 2,476 18,331 (3,799) 17,008 2,476 18,331 (3.799) 17,008 10