## **Brilliant Outcomes**
## **Charity No. 1141585**
**Trustees' Report and Unaudited Accounts**
**31 March 2022**
**Brilliant Outcomes Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7 to 10|
Page 1
**Brilliant Outcomes Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1141585**
## **Trustees**
The following trustees served during the year:
A. Owens
A. Lewis
C. Owens
- M. Baghurst
## **Accountants**
Case Accounting Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
## **OBJECTIVES AND ACTIVITIES**
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.
Page 2
**Brilliant Outcomes Trustees Annual Report**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The charity made grants in the sum of £32,500 to the Eithiopia Medical Project, £13,000 to Association for Social Education and £3,000 to Womens Aid Federation of England.
## **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.
## **PLANS FOR FUTURE PERIODS**
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.
## **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.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
A. Owens Trustee
Date: 29 December 2022
Page 3
**Brilliant Outcomes Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Brilliant Outcomes**
I report to the trustees on my examination of the financial statements of Brilliant Outcomes for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of Fellow of the Institute of Chartered Accountants in England & Wales.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
T R Case
Date: 29 December 2022
Fellow of the Institute of Chartered Accountants in England & Wales Case Accounting Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
Page 4
**Brilliant Outcomes Statement of Financial Activities**
## **for the year ended 31 March 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5
Other
7
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
993,750
1,123|**Total funds**
**2022**
**£**
993,750
1,123|**Total funds**
**2021**
**£**
-
78|
|---|---|---|---|
||994,873
48,500
775|994,873
48,500
775|78
15,500
518|
||49,275
-|49,275
-|16,018
-|
||945,598
-|945,598
-|(15,940)
-|
||945,598|945,598|(15,940)|
||945,598
144,799|945,598
144,799|(15,940)
160,739|
||1,090,397|1,090,397|144,799|
Page 5
**Brilliant Outcomes Balance Sheet**
**at 31 March 2022**
|**Charity No. 1141585**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Unrestricted funds**
10
**Total funds**|**2022**
**£**
1,090,829
1,090,829
(432)
1,090,397
1,090,397
1,090,397
1,090,397
1,090,397
1,090,397
1,090,397|**2021**
**£**
145,207|
|---|---|---|
|||145,207
(408)|
|||144,799
144,799|
|||144,799|
|||144,799|
|||1,44,799|
|||144,799|
|||144,799|
Approved by the trustees on 29 December 2022.
And signed on their behalf by:
A. Owens
Trustee
Page 6
**Brilliant Outcomes Notes to the Accounts**
## **for the year ended 31 March 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
**Expenditure** Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 7
**Brilliant Outcomes**
**Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Investments
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
Andrew Owens (trustee) donated £993,750 to the charity.
4
**Income from investments**
Interest|**Unrestricted**
**£**
993,750
993,750
**Unrestricted**
**£**
1,123
1,123|**Unrestricted**
**funds**
**2021**
**£**
78
78
15,500
518
16,018
(15,940)
(15,940)
(15,940)
160,739
144,799
**Total**
**2022**
**£**
993,750
993,750
**Total**
**2022**
**£**
1,123
1,123|**Total funds**
**2021**
**£**
78|
||||78
15,500
518|
||||16,018|
||||(15,940)|
||||(15,940)|
||||(15,940)
160,739|
||||144,799|
||||**Total**
**2021**
**£**
-|
||||-|
||||**Total**
**2021**
**£**
78|
||||78|
Page 8
**Brilliant Outcomes**
## **Notes to the Accounts**
## 5 **Expenditure on charitable activities**
|Grants made
6
**Analysis of grants**
**Activity or programme**
Eithiopia Medical Project
Association for Social
Education
Womens Aid Federation of
England
7
**Other expenditure**
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
48,500
48,500
**Grants to**
**Institutions**
**Unrestricted**
**£**
343
432
775
**£**
32,500
13,000
3,000
48,500|**Total**
**2022**
**£**
48,500
48,500
**Total**
**Total**
**2022**
**£**
343
432
775
**2022**
**£**
32,500
13,000
3,000
48,500|**Total**
**2021**
**£**
15,500|
|---|---|---|---|
||||15,500|
||||**Total**
**2021**
**£**
-
13,000
2,500|
||||15,500|
||||**Total**
**2021**
**£**
110
408|
||||518|
## 8 **Staff costs**
No employee received emoluments in excess of £60,000.
The average number of employees was nil (2021: nil).
Page 9
**Brilliant Outcomes Notes to the Accounts**
- 9 **Creditors:**
|**Creditors:**|||
|---|---|---|
|amounts falling due within one year|||
||**2022**|**2021**|
||**£**|**£**|
|Accruals|432|408|
Page 10