Charity registration number: 1141585
**BRILLIANT OUTCOMES TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **Brilliant Outcomes Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—10|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|11|
**Brilliant Outcomes Trustees' Report For The Year Ended 31 March 2025**
The trustees present their report and the financial statements for the year ended 31 March 2025.
## **Objectives and Activities**
## **Aims and Objectives**
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.
## **Significant Activities**
The charity made grants in the sum of £20,000 to the Eithiopia Medical Project.
## **Public Benefit**
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.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Financial Review**
## **Reserves Policy**
The trustees have updated their reserves policy to retain adequate reserves for the next 3 years 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.
## **Trustee Selection Methods**
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.
Page 1
**Brilliant Outcomes Trustees' Report (continued) For The Year Ended 31 March 2025**
## **Reference and Administrative Details**
## **Trustees**
A W Owens A J Lewis C Owens M Baghurst (resigned 30/07/2024) C Owens (appointed 14/10/2025)
## **Charity Number**
1141585
## **Principal Address**
Fowlescombe Farm Ugborough Ivybridge Devon PL21 0ZG
## **Independent Examiner**
T R Case ICAEW Case Accounting Ltd. 20 Goodwood Way Chippenham Wiltshire SN14 0SY
Page 2
**Brilliant Outcomes Trustees' Report (continued) For The Year Ended 31 March 2025**
The trustees' report was approved by the board of trustees and signed on its behalf by:
A W Owens Trustee 30 January 2026
Page 3
## **Brilliant Outcomes Independent Examiner's Report to the Trustees of Brilliant Outcomes For The Year Ended 31 March 2025**
I report to the trustees on my examination of the accounts of Brilliant Outcomes (the Trust) for the year ended 31 March 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the 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 material 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 Trust 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 contents 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.
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 ICAEW
30 January 2026 20 Goodwood Way Chippenham Wiltshire SN14 0SY
Page 4
## **Brilliant Outcomes Statement of Financial Activities For The Year Ended 31 March 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
**EXPENDITURE ON:**
Raising funds
**5**
Charitable activities:
**5**
Charitable grantmaking
**NET EXPENDITURE BEFORE INVESTMENT LOSSES**
Net gains on investments
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13**|**2025**
**Unrestricted**
**funds**
**£**
1,576
20,944|**2024**
**Unrestricted**
**funds**
**£**
-
11,282|
|---|---|---|
||22,520|11,282|
||(3,361)
(20,010)|(666)
(73,400)|
||(23,371)|(74,066)|
||(851)
10,075|(62,784)
43,573|
||9,224|(19,211)|
||9,224
1,025,913|(19,211)
1,045,124|
||1,035,137|1,025,913|
The notes on pages 7 to 10 form part of these financial statements.
Page 5
## **Brilliant Outcomes Statement of Financial Position As At 31 March 2025**
|**Notes**
**FIXED ASSETS**
Investments
**10**
**CURRENT ASSETS**
Debtors
**11**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**12**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**13**
On behalf of the board|**2025**
**Unrestricted**
**funds**
**£**
1,032,540|**2024**
**Total**
**funds**
**£**
1,004,200|
|---|---|---|
||1,032,540
213
2,942|1,004,200
299
22,944|
||3,155
(558)|23,243
(1,530)|
||2,597|21,713|
||1,035,137|1,025,913|
||1,035,137|1,025,913|
||1,035,137|1,025,913|
||1,035,137|1,025,913|
||||
A W Owens Trustee 30 January 2026
The notes on pages 7 to 10 form part of these financial statements.
Page 6
**Brilliant Outcomes Notes to the Financial Statements For The Year Ended 31 March 2025**
## 1. **General Information**
Brilliant Outcomes is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1141585. The principal address is Fowlescombe Farm, Ugborough, Ivybridge, Devon, PL21 0ZG.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Investment income is included when receivable and any gain or loss resulting from the revaluation of investments to market value is included at the end of the year.
## 2.3. **Resources Expended**
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. 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.
## 2.4. **Investments**
Listed investments are revalued to market value at the balance sheet date.
## 2.5. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 2.6. **Taxation**
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
## 3. **Income from Donations and Legacies**
|Donations and gifts
4.
**Investment Income**
Bank interest receivable
Interest from investments
Dividends from investments|**2025**
**Unrestricted**
**funds**
**£**
1,576|**2024**
**Unrestricted**
**funds**
**£**
-|
|---|---|---|
||**2025**
**Unrestricted**
**funds**
**£**
8
491
20,445|**2024**
**Unrestricted**
**funds**
**£**
557
-
10,725|
||20,944|11,282|
Page 7
## **Brilliant Outcomes Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
## 5. **Analysis of Expenditure**
|Raising funds
Charitable grantmaking
Raising funds
Charitable grantmaking
6.
**Grants Payable**
Charitable grantmaking
Grants paid to institutions, included above, are as follows:
Eithiopia Medical Project
Kudimba UK
RNLI|**Activities**
**undertaken**
**directly**
**£**
2,757
-|**Grant**
**funding of**
**activities**
(see note 6)
**£**
-
20,000|**Support**
**costs**
(see note 7)
**£**
604
10|**2025**
**Total**
**£**
3,361
20,010|
|---|---|---|---|---|
||2,757|20,000|614|23,371|
|||**Grant**
**funding of**
**activities**
(see note 6)
**£**
-
73,400|**Support**
**costs**
(see note 7)
**£**
666
-|**2024**
**Total**
**£**
666
73,400|
|||73,400|666|74,066|
||||**2025**
**Grants to**
**Institutions**
**£**
20,000|**2024**
**Grants to**
**Institutions**
**£**
73,400|
||||**2025**
**£**
20,000
-
-|**2024**
**£**
60,000
5,000
8,400|
||||20,000|73,400|
Page 8
## **Brilliant Outcomes Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
## 7. **Support Costs**
|General administration
Interest payable
General administration
8.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
9.
**Average Number of Employees**
Average number of employees during the year was: NIL (2024: NIL)
10.
**Investments**
**Cost or Valuation**
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
**Provision**
As at 1 April 2024
As at 31 March 2025
**Net Book Value**
As at 31 March 2025
As at 1 April 2024
11.
**Debtors**
**Due within one year**
Other debtors|**Raising**
**funds**
**£**
604
-|**Raising**
**funds**
**£**
604
-|**Charitable**
**grantmaking**
**£**
-
10|**2025**
**Total**
**£**
604
10|
|---|---|---|---|---|
||604||10|614|
||||**2025**
**£**
558
**2025**
**£**
213|**2024**
**Raising**
**funds**
**£**
666|
|||||**2024**
**£**
546|
|||||**Listed**
**£**
1,004,200
31,097
(2,757)|
|||||1,032,540|
|||||-|
|||||-|
|||||1,032,540|
|||||1,004,200|
|||||**2024**
**£**
299|
Page 9
## **Brilliant Outcomes Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
## 12. **Creditors: Amounts Falling Due Within One Year**
|Other creditors
Accruals and deferred income
3.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 April**
**2024**
**£**
1,025,913|**Income**
**£**
22,520||**2025**
**£**
-
558
558
**Expenditure**
**£**
(13,296)|**2024**
**£**
984
546|
|---|---|---|---|---|---|
||||||1,530|
||||||**As at 31**
**March 2025**
**£**
1,035,137|
||1,025,913|22,520||(13,296)|1,035,137|
||**As at 1 April**
**2023**
**£**
1,045,124|**Income**
**£**
11,282||**Expenditure**
**£**
(30,493)|**As at 31**
**March 2024**
**£**
1,025,913|
||1,045,124|11,282||(30,493)|1,025,913|
## 13. **Movement in Funds**
## 14. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 15. **Related Party Disclosures**
A Owens (trustee) and A Lews (trustee) are directors of Seabarn Management. During the year Seabarn Management donated servcies to Brilliant Outcomes in the sum of £1,576.
Page 10
## **Brilliant Outcomes Detailed Statement of Financial Activities For The Year Ended 31 March 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations from organisations
**Investments**
Dividends from other fixed asset investments - listed
Interest from other fixed asset investments - listed
Bank interest receivable
**EXPENDITURE ON:**
**Raising funds**
Investment management costs
Independent examiner's fees
Other office costs
**Charitable Activities:**
**Charitable grantmaking**
Grants to institutions
Bank charges
**NET EXPENDITURE BEFORE INVESTMENT LOSSES**
**Net gains on investments**
Fair value surplus on revaluation of investments
**NET INCOME/(EXPENDITURE)**|**2025**
**Total**
**funds**
**£**
1,576|**2024**
**Total**
**funds**
**£**
-|
|---|---|---|
||1,576
20,445
491
8|-
10,725
-
557|
||20,944|11,282|
||22,520
(2,757)
(558)
(46)|11,282
-
(546)
(120)|
||(3,361)
(20,000)
(10)|(666)
(73,400)
-|
||(20,010)|(73,400)|
||(23,371)|(74,066)|
||(851)
10,075|(62,784)
43,573|
||10,075|43,573|
||9,224|(19,211)|
Page 11