**REGISTERED CHARITY NUMBER: 1141585**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **FOR**
## **BRILLIANT OUTCOMES CIO**
Case Accounting Ltd. 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
**BRILLIANT OUTCOMES CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 9|
**BRILLIANT OUTCOMES CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the period 1 April 2020 to 31 March 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
- The charity exists to:
- Develop the capacity and skills of those members of society who are in need of such development by virtue of a physical, mental, financial or other disadvantage, particularly by the provision of opportunities which they would not otherwise be given, in order to enable them to engage and participate more fully in society.
- Support and advance education and training (including vocational training) by the provision of financial or other assistance with a view to maximising access to educational facilities and opportunities in order to develop individual capabilities, competency and skills.
- To promote urban and rural regeneration in areas of social, economic and environmental deprivation, in particular by the maintenance, improvement or provision of public amenities and infrastructure.
- To promote the protection of the environment by socially sustainable ways.
In the long term, the charity seeks to satisfy the objectives stated above, and to do so by making appropriate grants.
## **Public benefit**
The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and in setting the grant making policy for the year.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity made grants in the sum of £13,000 to the Association for the Social, Education and Charitable Activities for the Poor Communities and £2,500 to the Womens Aid Federation of England.
The trustees note that certain matters came to an end during the year due to the Covid-19 pandemic.
## **Investment policy**
There are no restrictions imposed on the investment policy by the Trust Deed. The trustees make the investments in accordance with Charity Law.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees have updated their reserves policy to retain adequate reserves for the next 24 months running costs, with funds in excess of this falling within the giving policy.
## **FUTURE PLANS**
The charity aims to increase awareness of its availability to new potential beneficiaries. The trustees have identified projects and are currently carrying out due diligence prior to making a donation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Brilliant Outcomes converted to a Charitable Incorporated Organisation on 15 April 2019.
## **Recruitment and appointment of new trustees**
The trustees of Brilliant Outcomes have the power to appoint new trustees. There is no restriction on the length of time they may serve the Trust. The current trustees will provide induction and training to the newly appointed trustees.
Page 1
**BRILLIANT OUTCOMES CIO**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure**
The charity is managed by the board of trustees who, in their meetings, agree the broad strategy and areas of activity for the charity, including consideration of investment, reserves and risk management policies and performance.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1141585
## **Registered office**
Fowlescombe Farm Ugborough Ivybridge Devon PL21 0HW
## **Trustees**
A W Owens A J Lewis T G Earley (resigned 30.6.20) C Owens M Baghurst (appointed 1.7.20)
## **Independent Examiner**
Case Accounting Ltd. 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by:
A W Owens
Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRILLIANT OUTCOMES CIO**
## **Independent examiner's report to the trustees of Brilliant Outcomes CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's 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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
T R Case FCA BSc Case Accounting Ltd. 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
Date: 22 December 2021
Page 3
**BRILLIANT OUTCOMES CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Year Ended**
**31.3.21**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**78**
**EXPENDITURE ON**
**Charitable activities**
Nepal Youth Foundation
**-**
Association for the Social, Educational and
Charitable Activities for the Poor Communities
(ASHA)
**13,000**
Womens Aid Federation of England
**2,500**
Other
**518**
**Total**
**16,018**
**NET INCOME/(EXPENDITURE)**
**(15,940)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**160,739**
**TOTAL FUNDS CARRIED FORWARD**
**144,799**|Period
1.2.19
to
31.3.20
Total
funds
£
108
62,000
24,000
-
2,337
88,337
(88,229)
248,968
160,739|
|---|---|
The notes form part of these financial statements
Page 4
**BRILLIANT OUTCOMES CIO**
## **BALANCE SHEET 31 MARCH 2021**
|Notes
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
6
Unrestricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
**145,207**
**(408)**
**144,799**
**144,799**
**144,799**
**144,799**
**144,799**|2020
Total
funds
£
161,123
(384)
160,739
160,739
160,739
160,739
160,739|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2021 and were signed on its behalf by:
A W Owens
Trustee
The notes form part of these financial statements
Page 5
**BRILLIANT OUTCOMES CIO**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charites Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared on the accruals basis.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
|||Period|
|||1.2.19|
||**Year Ended**|to|
||**31.3.21**|31.3.20|
||**£**|£|
|Interest receivable|**78**|108|
Page 6
continued...
**BRILLIANT OUTCOMES CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the period ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the period ended 31 March 2020.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Investment income|108|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Nepal Youth Foundation|62,000|
|Association for the Social, Educational and||
|Charitable Activities for the Poor||
|Communities (ASHA)|24,000|
|Other|2,337|
|**Total**|88,337|
|**NET INCOME/(EXPENDITURE)**|(88,229)|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|248,968|
|**TOTAL FUNDS CARRIED FORWARD**|160,739|
continued...
Page 7
**BRILLIANT OUTCOMES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued expenses
**6.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
General fund
**160,739**
**TOTAL FUNDS**
**160,739**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**78**
**TOTAL FUNDS**
**78**
**Comparatives for movement in funds**
At 1.2.19
£
**Unrestricted funds**
General fund
248,968
**TOTAL FUNDS**
248,968
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
108
**TOTAL FUNDS**
108|**2021**
2020
**£**
£
**408**
384
Net
movement
At
in funds
31.3.21
£
£
**(15,940)**
**144,799**
**(15,940) **
**144,799**
Resources
Movement
expended
in funds
£
£
**(16,018)**
**(15,940)**
**(16,018) **
**(15,940) **
Net
movement
At
in funds
31.3.20
£
£
(88,229)
160,739
(88,229)
160,739
Resources
Movement
expended
in funds
£
£
(88,337)
(88,229)
(88,337)
(88,229)|
|---|---|
continued...
Page 8
**BRILLIANT OUTCOMES CIO**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
This page does not form part of the statutory financial statements
Page 10