(England and Wales)
## **BRIGHT CENTRES LTD**
**Report of Trustees and Unaudited Financial Statements For the year ended 31 December 2022**
**THAMES ACCOUNTANTS AND CO. 100 Dunton Road London, SE1 5UN**
## **BRIGHT CENTRES LTD Contents Page For the year ended 31 December 2022**
|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 2022**
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 2022 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 Charity Registration Number Principal Address**
BRIGHT CENTRES LTD 1129265 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**
Yazeed Muawia Elbedawi-Hamad (Chair) Neil Brindley Muna Ibrahim Liban Elmi THAMES ACCOUNTANTS AND CO. 100 Dunton Road London SE1 5UN
## **Bankers**
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 2022**
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2O22
## **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 13[th] July 2023
2
## **BRIGHT CENTRES LTD**
## **Statement of Financial Activities For the year ended 31 December 2022 Notes**
|**Notes**
**For the year ended**|**31 December 2022**||
|---|---|---|
|**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**|**2022**
**£**
-
-
125,750
-
125,750
-
-
145,865
145,865
(20,115)
3,481
(16,634)|**2021**|
|||**£**
-
-
99,573
-|
|||99,573|
|||-
-
115,915|
|||115,915|
|||(16,342)
19,824|
|||3,481|
3
## **BRIGHT CENTRES LTD Statement of Financial Position**
|**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
**For the year ended**|**2022**
**£**
17,681
-
31,048
31,048
30,750
298
34,613
(34,315)
(16,634)
-
(16,634)
(16,634)
**31 December 2022**|**2021**|
|---|---|---|
|||**£**
22,101
-
23,075|
|||23,075
30,500|
|||(7,425)
11,195|
|||(18,620)|
|||3,481|
|||-
3,481|
|||3,481|
For the year ended 31 December 2022, 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 13 July 2023 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 2022**
|**1. Income earned from other trading activites**
**Unrestricted funds**
School services/Grants
**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|**2022**
**£**
49,820
-
75,930
125,750
**2022**
**£**
1,622
24,825
91,438
1,763
1,537
386
318
750
15,000
500
3,306
4,420
145,865
**£**
(20,115)
**2022**
750|**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|
## **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 2022
Additions
Total at 01 January 2022
Depreciation
Charge for the year
Net Book Values
At 31 December 2022
At 31 December 2021|**Equipments**
**£**
20,140
20,140
4,028
16,112
20,140|**Fixtures & fittings**
**£**
1,961
-
1,961
392
1,569
1,961|
|---|---|---|
5
## **BRIGHT CENTRES LTD**
## **Notes to the Financial Statements Continued For the year ended 31 December 2022**
## **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
LC Commerical Rent
Others|**2022**
**£**
-
-
**2022**
**£**
-
-
30,000
750
30,750|**2021**|
|---|---|---|
|||**£**
-|
|||-|
|||**2021**|
|||**£**
30,000
-
-
500|
|||30,500|
## **7. Movement in funds**
## **Unrestricted funds**
||Balance at|Incoming|Outgoing|Transfers|Balance at|
|---|---|---|---|---|---|
||01 January 2022|Resources|Resources||31 December 2022|
||**£**|**£**|**£**|**£**|**£**|
|General|23,068
-|49,820|54,427
-|-|27,675
-|
|**Restricted funds**||||||
||Balance at|Incoming|Outgoing|Transfers|Balance at|
||01 January 2022|Resources|Resources||31 December 2022|
||**£**|**£**|**£**|**£**|**£**|
||26,549|75,930|91,438
-|-|11,041|
|**Unrestricted funds-Previous year**||||||
||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-Previous year**||||||
||Balance at|Incoming|Outgoing|Transfers|Balance at|
||01 January 2021|Resources|Resources||31 December 2021|
||**£**|**£**|**£**|**£**|**£**|
||14,363|78,573|66,387
-|-|26,549|
6