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2020-12-31-accounts

(England and Wales)

BRIGHT CENTRES LTD

Report of Trustees and Unaudited Financial Statements For the year ended 31 December 2020

THAMES ACCOUNTANTS AND CO. 100 Dunton Road London, SE1 5UN

BRIGHT CENTRES LTD Contents Page

For the year ended 31 December 2020

Contents Page
Report of the Trustees 1
Independent Examiner's report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 6

BRIGHT CENTRES LTD

Report of the Trustee

For the year ended 31 December 2020

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2020 The Trustees have adopted the provisions 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 UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity BRIGHT CENTRES LTD Charity Registration Number 1129265 Principal Address 18 Oakden Street London SE11 4UG

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Yazeed Muawia Elbedawi-Hamad (Chair) Patrick Aschke Neil Brindley Muna Ibrahim

Independent Examiner

Bankers

THAMES ACCOUNTANTS AND CO. 100 Dunton Road London SE1 5UN HSBC UK

Approved by the Board of Trustees and signed on its behalf by

Yazeed Muawia Elbedawi-Hamad Chair Trustee

1

BRIGHT CENTRES LTD

Independent Examiner’s Report to the Trustees on the Unaudited Financial Statements For the year ended 31 December 2020

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2O20

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

THAMES ACCOUNTANTS AND CO.

100 Dunton Road London, SE1 5UN 02[nd] March 2021

2

BRIGHT CENTRES LTD

Statement of Financial Activities For the year ended 31 December 2020

Notes

Notes
For the year ended		 31 December 2020
Income & endowments from:
Donations & legacies
Charitable activites
Other activites
1
Investments
Total
Expenditure on:
Raising funds
Charitable activites
Other
2
Total
Net surplus
3
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2020
£
-
-
92,246
-
92,246
-
-
126,524
126,524
(34,278)
39,101
4,824		 2019
£
-
-
146,013
-
146,013
-
-
138,671
138,671
7,342
31,759
39,101

3

BRIGHT CENTRES LTD Statement of Financial Position

For the year ended 31 December 2020

Notes
Fixed Assets
Tangible assets
4
Current Assets
Debtors
5
Cash at bank and in hand
Creditors
amounts falling due within one ye
6
Total Assets (Current Liabilities)
Creditors
amounts falling due after more than one year
Total Net Assets (Liabilities)
The Funds of Charity
Endowment funds
Income funds
7		 2020
£
27,288
4,200
19,230
23,430
41,526
(18,096)
4,368
(22,464)
4,824
-
4,824
4,824		 2019
£
24,037
-
14,326
14,326
3,750
10,576
-
10,576
34,613
-
39,101
39,101

For the year ended 31 December 2020, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Yazeed Muawia Elbedawi-Hamad

Chair Trustee

4

BRIGHT CENTRES LTD Notes to the Financial Statements For the year ended 31 December 2020

1. Income earned from other trading activites
Unrestricted funds
Alternative/school services
Grants/Parents' contribution
Restricted funds
Walcot Foundation
2. Expenditure on other activities
Building works
Consultancy
Contractors & Tutors
Entertainment
Insurance
Learning material
Miscellaneous
Professional fee
Rent
Subscriptions
Utilities
Depreciation
3. Net surplus/(expenditure) for the year
This is stated after charging/(crediting):
Accountancy fees		 2020
£
43,160
49,086
-
92,246
2020
£
1,190
20,900
47,223
-
1,452
394
3,906
550
39,127
750
4,210
6,822
126,524
£
(34,278)
2020
550		 2019
£
112,975
8,038
25,000
146,013
2019
£
4,407
26,850
61,970
-
1,445
401
7,724
350
25,688
864
2,963
6,009
138,671
£
7,342
2019
350

4. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value; over their expected useful life on the following basis.

Fixtures & Fittings Office Equipment

20% Reducing Balance 20% Reducing Balance

Cost or valuation
At 01 January 2020
Additions
Total at 01 January 2020
Depreciation
Charge for the year
Net Book Values
At 31 December 2020
At 31 December 2019		 Equipments
£
20,973
10,073
31,046
6,209
24,837
20,973		 Fixtures & fittings
£
3,064
-
3,064
613
2,451
3,064

5

BRIGHT CENTRES LTD

Notes to the Financial Statements Continued For the year ended 31 December 2020

5. Debtors

Due within one year
Charity Debtor - Southbank University School
Other Debtors
6. Creditors
Amounts falling due within one year
Trade Creditors
Bank Overdraft
Sundry Creditors
Others		 2020
£
4,200
-
4,200
2020
£
41,526
-
-
-
41,526		 2019
£
16,645
-
16,645
2019
£
12,156
-
4,805
350
17,311

7. Movement in funds

Unrestricted funds

Balance at Incoming Outgoing Transfers Balance at 01 January 2020 Resources Resources 31 December 2020 £ £ £ £ £ General 39,101 92,246 - 126,524 - 4,823 Restricted funds Balance at Incoming Outgoing Transfers Balance at 01 January 2020 Resources Resources 31 December 2020 £ £ £ £ £ - - - - - Unrestricted funds-Previous year Balance at Incoming Outgoing Transfers Balance at 01 January 2019 Resources Resources 31 December 2019 £ £ £ £ £ General 31,759 121,013 - 126,171 - 26,601 Restricted funds-Previous year Balance at Incoming Outgoing Transfers Balance at 01 January 2019 Resources Resources 31 December 2019 £ £ £ £ £ - 25,000 - 12,500 - 12,500

6