(England and Wales)
BRIGHT CENTRES LTD
Report of Trustees and Unaudited Financial Statements For the year ended 31 December 2021
THAMES ACCOUNTANTS AND CO. 100 Dunton Road London, SE1 5UN
BRIGHT CENTRES LTD Contents Page For the year ended 31 December 2021
| 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 2021
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 2021 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:
Independent Examiner
Bankers
Yazeed Muawia Elbedawi-Hamad (Chair) Patrick Aschke Neil Brindley Muna Ibrahim Liban Elmi 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
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BRIGHT CENTRES LTD
Independent Examiner’s Report to the Trustees on the Unaudited Financial Statements
For the year ended 31 December 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2O21
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 15[th] March 2022
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BRIGHT CENTRES LTD
Statement of Financial Activities For the year ended 31 December 2021
Notes
| Notes For the year ended |
31 December 2021 | |
|---|---|---|
| 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 |
2021 £ - - 99,573 - 99,573 - - 115,915 115,915 (16,342) 19,824 3,481 |
2020 |
| £ - - 92,246 - |
||
| 92,246 | ||
| - - 111,524 |
||
| 111,524 | ||
| (19,278) 39,101 |
||
| 19,824 |
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BRIGHT CENTRES LTD Statement of Financial Position
For the year ended 31 December 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 4 | 22,101 | 27,288 |
| Current Assets | |||
| Debtors | 5 | - | 4,200 |
| Cash at bank and in hand | 23,075 | 19,230 | |
| 23,075 | 23,430 | ||
| Creditors | |||
| amounts falling due within one ye | 6 | 30,500 | 26,526 |
| Total Assets (Current Liabilities) | (7,425) | (3,096) | |
| Creditors | |||
| amounts falling due after more than one year | amounts falling due after more than one year | 11,195 | 4,368 |
| (18,620) | (7,464) | ||
| Total Net Assets (Liabilities) | 3,481 | 19,824 | |
| The Funds of Charity | |||
| Endowment funds | - | - | |
| Income funds | 7 | 3,481 | 19,824 |
| 3,481 | 19,824 |
For the year ended 31 December 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts`;
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These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
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The financial statements were approved by the board on 15 March 2022 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 2021
| 1. Income earned from other trading activites Unrestricted funds School services Restricted funds Grants 2. Expenditure on other activities Building works Consultancy Freelancers & 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 |
2021 £ 21,000 - 78,573 99,573 2021 £ 1,460 20,150 66,387 1,640 1,565 50 589 500 15,000 - 3,107 5,467 115,915 £ (16,342) 2021 500 |
2020 |
|---|---|---|
| £ 43,160 49,086 |
||
| 92,246 | ||
| 2020 | ||
| £ 1,190 20,900 47,223 - 1,452 394 3,906 550 24,127 750 4,210 6,822 |
||
| 111,524 | ||
| £ | ||
| (19,278) | ||
| 2020 | ||
| 550 |
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 20% Reducing Balance Office Equipment 20% Reducing Balance
| Cost or valuation At 01 January 2021 Additions Total at 01 January 2021 Depreciation Charge for the year Net Book Values At 31 December 2021 At 31 December 2020 |
Equipments £ 24,837 280 25,117 4,977 20,140 24,837 |
Fixtures & fittings £ 2,451 - 2,451 490 1,961 2,451 |
|---|---|---|
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BRIGHT CENTRES LTD
Notes to the Financial Statements Continued For the year ended 31 December 2021
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 |
2021 £ - - 2021 £ 30,000 - - 500 30,500 |
2020 |
|---|---|---|
| £ 4,200 - |
||
| 4,200 | ||
| 2020 | ||
| £ 26,526 - - - |
||
| 26,526 |
7. Movement in funds
Unrestricted funds
Balance at Incoming Outgoing Transfers Balance at 01 January 2021 Resources Resources 31 December 2021 £ £ £ £ £ General 5,460 21,000 - 49,528 - - 23,068 Restricted funds Balance at Incoming Outgoing Transfers Balance at 01 January 2021 Resources Resources 31 December 2021 £ £ £ £ £ 14,363 78,573 - 66,387 - 26,549 Unrestricted funds-Previous year Balance at Incoming Outgoing Transfers Balance at 01 January 2020 Resources Resources 31 December 2020 £ £ £ £ £ General 26,601 43,160 - 64,301 - 5,460 Restricted funds-Previous year Balance at Incoming Outgoing Transfers Balance at 01 January 2020 Resources Resources 31 December 2020 £ £ £ £ £ 12,500 49,086 - 47,223 - 14,363
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