(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.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts`;
- These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
- The financial statements were approved by the board on 02 March 2021 and signed on its behalf
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