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2023-12-31-accounts

(England and Wales)

BRIGHT CENTRES LTD

Report of Trustees and Unaudited Financial Statements For the year ended 31 December 2023

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

BRIGHT CENTRES LTD Contents Page

For the year ended 31 December 2023

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 2023

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 2023 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 2023

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 22[th] August 2024

2

BRIGHT CENTRES LTD

Statement of Financial Activities For the year ended 31 December 2023 Notes

Notes
For the year ended		 31 December 2023
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		 2023
£
-
-
102,770
-
102,770
-
-
114,461
114,461
(11,691)
(16,634)
(28,325)		 2022
£
-
-
125,750
-
125,750
-
-
145,865
145,865
(20,115)
3,481
(16,634)

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		 2023
£
14,145
-
22,903
22,903
30,550
(7,647)
34,823
(42,470)
(28,325)
-
(28,325)
(28,325)
31 December 2023		 2022
£
17,681
-
31,048
31,048
30,750
298
34,613
(34,315)
(16,634)
-
(16,634)
(16,634)

For the year ended 31 December 2023, 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 2023

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		 2023
£
70,000
-
32,770
102,770
2023
£
10,900
91,411
1,650
1,681
-
132
550
-
850
3,751
3,536
114,461
£
(11,691)
2023
550		 2022
£
49,820
-
75,930
125,750
2023
£
1,622
24,825
91,438
1,763
1,537
386
318
750
15,000
500
3,306
4,420
145,865
£
(20,115)
2023
750

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 2023
Additions
Total at 01 January 2023
Depreciation
Charge for the year
Net Book Values
At 31 December 2023
At 31 December 2022		 Equipments
£
16,112
16,112
3,222
12,890
16,112		 Fixtures & fittings
£
1,569
-
1,569
314
1,255
1,569

5

BRIGHT CENTRES LTD Notes to the Financial Statements Continued For the year ended 31 December 2023

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		 2023
£
-
-
2023
£
-
-
30,000
550
30,550		 2022
£
-
-
2022
£
-
-
30,000
750
30,750

7. Movement in funds

Unrestricted funds

Balance at Incoming Outgoing Transfers Balance at
01 January 2023 Resources Resources 31 December 2023
£ £ £ £ £
General 27,675
-		 70,000 23,050
-		 - 19,275
Restricted funds
Balance at Incoming Outgoing Transfers Balance at
01 January 2023 Resources Resources 31 December 2023
£ £ £ £ £
11,041 32,770 91,411
-		 - 47,600
-
Unrestricted funds-Previous year
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-Previous year
Balance at Incoming Outgoing Transfers Balance at
01 January 2022 Resources Resources 31 December 2022
£ £ £ £ £
26,549 75,930 91,438
-		 - 11,041

6