Total Receipts & Payments
Future Bright Trust
For the year ended 31 January 2024
| Future Bright Trust For the year ended 31 January 2024 |
|||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Receipts | |||
| Regular Donations | 5,054.21 | 3,507.64 | 4,090.00 |
| Donations-one off | 3,022.84 | 3,541.29 | 5,217.00 |
| Stewardship | - | - | 464.57 |
| Garden Party | 3,712.06 | 3,643.70 | 3,309.00 |
| Notebooks | 120.00 | 725.00 | 68.06 |
| Everyclick | 60.09 | 60.78 | 64.56 |
| Amazon Smile | 23.28 | 15.76 | 36.64 |
| HMRC Gift Aid | 1,676.11 | 1,252.16 | 1,591.55 |
| Interest Income | 1,191.89 | 376.59 | 133.08 |
| Other Revenue | 30.00 | 0.98 | 140.00 |
| Total Receipts | 14,890.48 | 13,123.90 | 15,114.46 |
| Total Receipts | 14,890.48 | 13,123.90 | 15,114.46 |
| Payments | |||
| School Fees | 4,118.73 | 2,526.40 | - |
| Other Educational Expenses | 2,991.11 | 3,003.59 | 3,541.08 |
| Advertising & Marketing | - | - | 390.00 |
| Bank Fees | 51.00 | 75.00 | 24.00 |
| General Expenses | 305.00 | 185.00 | 220.00 |
| Total Payments | 7,465.84 | 5,789.99 | 4,175.08 |
| Total Payments | 7,424.64 | 7,333.91 | 10,939.38 |
| Net Receipts / (payments) | 7,424.64 | 7,333.91 | 10,939.38 |
11 Sept 2024 Page 1 of 1
Total Receipts & Payments Future Bright Trust
Trustees’ Annual Report for the period
From 01/02/2023 Period start date To Period end date 31/01/2024
Charity name: Future Bright Trust
Charity registration number: 1159539
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of education of orphaned children in South Africa, particularly but not exclusively, those in the care of The Community of the Resurrection of Our Lord in Grahamstown/Makhanda. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Funds have been raised by the following means; 1. Personal donations – mostly one-off but there is an increasing number of regular committed donors 2. Garden party event held in Chair’s home in July 2023 3. Sales of notebooks created using children’s art 4. Donations from online shopping platforms–Give as you Live |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes, the Charity Commission can be assured that the Trustees have serious regard to its guidance on public benefit |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The policy and practice of grant making during this year has been identical to previous years, ie. After receiving itemised statements of expenditure incurred by the Sisters of the Community of the Resurrection to meet the costs of education for the children in their care, the equivalent sum has been sent by international bank transfer or by cash courier to their bank account |
| Policy on social investment including program related |
Para 1.38 |
| investment | ||
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | All Trustees are volunteers. Delivery of the annual fundraising event is made possible with the practical help of a group of committed volunteers |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The key achievement is that the charity has raised sufficient funds to cover all the costs of educating the orphaned children in the care of the Sisters. Four now attend High School and thus the costs have increased. Five orphaned children have attended school and all their requirements in terms of uniform, equipment, extra curricular activities have been met by the charity. Their lives are thus enriched and they have reason to be optimistic about their future opportunities in life. Additionally, mindful of the likelihood that some of the children may go on to higher education, a further sum has been invested to meet these future costs, thus honouring our commitment to support these young people until all their educational needs have been met. Additionally, during the year the Chair has made 2 visits to Grahamstown. Here she lives alongside the children and has an active involvement in their activities and interests. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Position is healthy as all costs in South Africa have been met and the reserve for likely higher education costs as children grow older has been added to. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | To enable charity to meet likely future higher education costs |
| Amount of reserves held | Para 1.22 | £61,334 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Already described in previous section |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | None currently perceived |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Agreed by fellow Trustees |
Additional information (optional)
| Additional information (optional) | Additional information (optional) | Additional information (optional) |
|---|---|---|
| You may choose to include further statements where relevant about: | ||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Chair undertakes to induct new Trustees – history and purpose of the charity; familiarisation of Trust document/constitution; roles undertaken by individual Trustees; meetings frequency and structure; strategic priorities |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | The key relationship is with The Community of the Resurrection of Our Lord, Grahamstown/Makhanda, South Africa |
| Other |
Reference and Administrative details
| Charity name | Future Bright Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1159359 |
| Charity’s principal address | Paddock House Rectory Road Piddlehinton Dorset DT27TE |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Susan Hennessy | Chair | |||
| Rebecca Howard | ||||
| Alison O’Neill | ||||
| Gillian Sweetman | ||||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) S K Hennessy Full name(s) Susan Kathleen Hennessy
Position (eg Secretary, Chair Chair, etc)
Date
21.10.2024