Registered number: CE012587 Charity number: 1176158
BRIGHTER FUTURES THROUGH SPORT (A COMPANY LIMITED BY GUARANTEE)
UNAUDITED
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
CONTENTS
__________
| Pages | |
|---|---|
| Reference and administrative details of the company, its trustees and advisers | 1 |
| Trustees’ report | 2 - 4 |
| Independent examiner’s report | 5 - 6 |
| Statement of financial activities incorporating income and expenditure account | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 16 |
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022
__________
Legal and administrative information
Trustees
Mr James Wood, Trustee Mr Lee Canoville, Trustee Mr Stuart James Bestwick, Trustee (Resigned on 20 July 2022) Ms Danielle Chulan, Trustee Mr Danny Thomas, Trustee (Appointed on 1 March 2022 and resigned on 13 December 2022) Mr David Pendle, Trustee (Appointed on 1 March 2022)
Registered company number CE012587 Registered charity number 1176158 Registered office Priory Barn, The Hollows, Thurgarton, Nottingham, NG14 7GS Independent examiner UHY Hacker Young LLP, 14 Park Row, Nottingham, NG1 6GR
- 1 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
The Trustees present their annual report together with the financial statements of the company for the year ended 31 December 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019.
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.
Objectives and Activities
- a. Policies and objectives
The Principle objectives of the charity are:
-
The advancement of education, in particular physical education for young people;
-
To advance in lift and relieve needs of young people through the provision of recreational, sporting or leisure time activities provided in the interest of social welfare, designed to improve their conditions of life and providing support & activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals; and
-
The advancement of amateur sport for the public benefit primarily through the playing of and coaching in association football, or other sports capable of promoting health for young people.
Achievements and performance
- a. Review of activities
We are now in 28 schools and have carried out more individual interventions due to the effect of coronavirus and the increase of anxiety that was shown by children.
Financial review
- a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
- 2 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
Financial review (continued)
b. Financial results
The results for the year ended 31 December 2022 are detailed on pages 7 to 16. A deficit of £47,931 arose during the year.
2023 has been a more positive year, we held a really successful fundraiser and will be looking to do more fundraising events in 2024. We have also spent additional time and resource on seeking additional funding streams in 2023 which has ensured that we can support more young people in line with the charity’s objectives.
Reserves policy
The trustees recognise that they should manage income and expenditure to build a reserve to cover core costs and contingencies. The trustees aim to ensure that the charity has free reserves to meet the operational costs for at least three months. At the balance sheet date, the charity has free reserves of £11,893 (2021 - £59,824) which represents the net current assets position.
Structure, governance and management
a. Constitution
The company is registered as a company limited by guarantee.
The company is constituted under a Trust deed and is a registered charity number 1176158.
The principal object of the company is to provide education, in particular physical education, for young people.
b. Method of appointment or election of Trustees
Brighter Futures Through Sport is a Charitable Incorporated Organisation (CIO). Trustees are appointed via a unanimous vote of the current Board of Trustees. New Trustees are appointed to the Board if they can demonstrate a desired skill set and/or relevant industry sector experience that would add value to the Board.
Trustees’ responsibilities statement
The Trustees (who are also directors of Brighter Futures Through Sport for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to:
- 3 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgments and accounting estimates that are reasonable and prudent; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 30 October 2023 and signed on their behalf by:
Lee Canoville
Trustee
- 4 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
Independent examiner’s report to the Trustees of Brighter Futures Through Sport (the “company”)
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2022, which are set out on pages 7 to 16.
This report is made solely to the company’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company’s Trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you 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 the 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 examiner’s statement
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
The accounts do not accord with those records; or
-
The accounts do not comply with the accounting 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
-
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).
- 5 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
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.
David Allum
for and on behalf of
UHY Hacker Young, Statutory Auditor 14 Park Row Nottingham NG1 6GR
Date: 30 October 2023
- 6 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
__________
| Note | Unrestricted | Total funds | Total funds | |
|---|---|---|---|---|
| funds 2022 | 2022 | 2021 | ||
| £ | £ | £ | ||
| Incoming resources | ||||
| Donations and legacies | 2 | 14,645 | 14,645 | 44,056 |
| Charitable activities | 3 | 171,880 | 171,880 | 129,828 |
| Government grants | 3 | 500 | 500 | 33,324 |
| __ | __ | __ | ||
| Total income | 187,025 | 187,025 | 207,208 | |
| __ | __ | __ | ||
| Resources expended | ||||
| Charitable activities | 4 | 228,136 | 228,136 | 172,407 |
| Support costs | 5 | 733 | 733 | 4,945 |
| Governance costs | 6 | 2,250 | 2,250 | 2,214 |
| Events costs | 7 | 3,837 | 3,837 | - |
| __ | __ | __ | ||
| Total expenditure | 234,956 | 234,956 | 179,566 | |
| __ | __ | __ | ||
| Net movement in funds | (47,931) | (47,931) | 27,642 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 59,824 | 59,824 | 32,182 | |
| __ | __ | __ | ||
| Total funds carried forward | 11,893 | 11,893 | 59,824 | |
| __ | __ | __ |
The notes on pages 9 to 16 form part of these financial statements
- 7 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
BALANCE SHEET AS AT 31 DECEMBER 2022
__________
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 9 | - | 733 | ||
| Current assets | |||||
| Debtors | 10 | 1,966 | 1,237 | ||
| Cash at bank and in hand | 14,157 | 61,631 | |||
| __ | __ | ||||
| 16,123 | 62,868 | ||||
| Creditors:amounts falling due | 11 | (4,230) | (3,777) | ||
| within one year | |||||
| __ | __ | ||||
| Net current assets/ (liabilities) | 11,893 | 59,091 | |||
| __ | __ | ||||
| Total net assets/(liabilities) | 11,893 | 59,824 | |||
| __ | __ | ||||
| Funds of the Charity | |||||
| Unrestricted funds | 12 | 11,893 | 59,824 | ||
| Restricted funds | 12 | - | - | ||
| __ | __ | ||||
| Total funds | 11,893 | 59,824 | |||
| __ | __ |
The company’s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 30 October 2023 and signed on their behalf, by:
Lee Canoville
Trustee
The notes on pages 9 to 16 form part of these financial statements.
- 8 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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) published in October 2019 affecting reporting periods beginning on or after 1 January 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
Brighter Futures Through Sport meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee incorporated in England within the United Kingdom. The address of the company’s registered office is detailed on page 1 of these financial statements.
The members of the company are the Trustees named on page 1 of these financial statements. In the event of the company being wound up, the liability in respect of the guarantee is £Nil.
A description of the nature of the charity’s operations and its principal activities is given in the trustees report within these financial statements.
1.3 Going concern
These financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade. If the company were unable to trade, adjustments would have to be made to reduce the values of assets to their recoverable amount and to provide for further liabilities that might arise.
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognized and refer to the Trustees’ report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognized on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the year of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
- 9 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
__________
Other income is recognised in the year in which it is receivable and to the extent the goods have been provided or on completion of the service.
Grant income is recognised in line with the performance model.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the company’s operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
Expenditure in the comparative is inclusive of irrecoverable VAT. The company registered for VAT in the current year.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements – 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- 10 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.11 Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. Income from donations and legacies
| Unrestricted funds 2022 £ Donations 14,645 _ |
Restricted funds 2022 £ - _ |
Total funds 2022 Total funds 2021 £ £ 14,645 44,056 _ _ |
|---|---|---|
Income from donations and legacies includes £nil (2021 - £nil) of restricted income and £14,645 (2021 - £44,056) of unrestricted income.
- 11 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
3. Income from charitable activities & government grants
| Charitable activities Provision of mentoring services to schools Foyle Foundation Government grants Coronavirus Job Retention Scheme Small Business Coronavirus Cash grant |
Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Total funds 2021 £ £ £ £ 171,880 - 171,880 129,828 - - - 6,000 - - - - 500 - 500 27,324 |
|---|---|
| 172,380 - 172,380 163,152 _ _ _ _ |
Income from charitable activities and government grants includes £nil (2021 - £nil) of restricted income and £172,380 (2021 - £163,152) of unrestricted income.
4. Direct costs
| Direct cost | Total 2022 | Total 2021 | |
|---|---|---|---|
| £ | £ | £ | |
| Service provider | 228,065 _ |
228,065 _ |
172,407 _ |
Direct costs includes £228,065 (2021 - £nil) of restricted expenditure and £172,407 (2021 - £nil) of unrestricted expenditure.
5. Support costs
| 5. Support costs |
|||||
|---|---|---|---|---|---|
| Support cost | Total | 2022 | Total | 2021 | |
| £ | £ | £ | |||
| Marketing | - | - | 11 | ||
| Depreciation | 733 | 733 | 734 | ||
| Rent | - | - | 4,200 | ||
| __ | __ | __ | |||
| 733 | 733 | 4,945 | |||
| __ | __ | __ |
Support costs includes £nil (2021 - £nil) of restricted expenditure and £733 (2021 - £4,945) of unrestricted expenditure.
- 12 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. Governance costs
| Unrestricted | Unrestricted | Restricted | Total funds | Total | |
|---|---|---|---|---|---|
| funds | 2022 | funds 2022 | 2022 | funds | |
| 2021 | |||||
| £ | £ | £ | £ | ||
| Accountancy costs | 625 | - | 625 | 644 | |
| Independent examination costs | 1,625 | - | 1,625 | 1,570 | |
| __ | __ | __ | __ | ||
| 2,250 | - | 2,250 | 2,214 | ||
| __ | __ | __ | __ |
Governance costs includes £nil (2021 - £nil) of restricted expenditure and £2,250 (2021 - £2,214) of unrestricted expenditure.
7. Events cost
| The Nottinghamshire – Events hire Trophies |
Unrestricted funds 2022 £ 3,365 472 3,837 _ |
Restricted funds 2022 £ - - - _ |
Total funds 2022 £ 3,365 472 3,837 _ |
Total funds 2021 £ - - |
||
|---|---|---|---|---|---|---|
| - ______ |
Events cost includes £nil (2021 - £nil) of restricted expenditure and £3,837 (2021 - £nil) of unrestricted expenditure.
8. Net (expenditure)/income
| This is stated after charging: Independent examiner’s remuneration |
2022 £ 1,625 _ |
2021 £ 1,570 _ |
|---|---|---|
During the year and previous period, no Trustees received any remuneration, any benefits in kind or received any reimbursement of expenses.
- 13 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
9. Tangible fixed assets
| Leasehold improvements £ Cost At 1 January 2022 2,201 Disposals (2,201) _ At 31 December 2022 - _ Depreciation At 1 January 2022 1,468 Depreciation 733 Disposals (2,201) _ At 31 December 2022 - _ Carrying amount At 31 December 2022 - _ At 31 December 2021 733 _ 10. Debtors 2022 £ Other debtors 1,966 _ 11. Creditors: Amounts falling due within one year 2022 £ Trade creditors 1,950 Accruals and deferred income 2,280 _ 4,230 __ |
Total £ 2,201 (2,201) _ - _ 1,468 733 (2,201) _ - _ - _ 733 _ 2021 £ 1,237 _ 2021 £ 667 3,110 _ 3,777 __ |
|---|---|
- 14 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
12. Statement of funds
Statement of funds – current year
| Balance at 1 | Income | Expenditure | Balance at 31 | ||
|---|---|---|---|---|---|
| January | December | ||||
| 2022 | 2022 | ||||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds – all funds | 59,824 | 187,025 | (234,956) | 11,893 | |
| __ | __ | __ | __ | ||
| Restricted funds | |||||
| Restricted Funds – all funds | - | - | - | - | |
| __ | __ | __ | __ | ||
| Total | of funds | 59,824 | 187,025 | (234,956) | 11,893 |
| __ | __ | __ | __ | ||
| Statement of funds – previous period | |||||
| Balance at 1 | Income | Expenditure | Balance at 31 | ||
| January | December | ||||
| 2021 | 2021 | ||||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds – all funds | 32,182 | 207,208 | (179,566) | 59,824 | |
| __ | __ | __ | __ | ||
| Restricted funds | |||||
| Restricted Funds – all funds | - | - | - | - | |
| __ | __ | __ | __ | ||
| Total | of funds | 32,182 | 207,208 | (179,566) | 59,824 |
| __ | __ | __ | __ | ||
| 13. | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total funds | Total | ||
| funds 2022 | funds 2022 | 2022 | funds | ||
| 2021 | |||||
| £ | £ | £ | £ | ||
| Tangible fixed assets | - | - | - | 733 | |
| Current assets | 16,123 | - | 16,123 | 62,868 | |
| Current liabilities | (4,230) | - | (4,230) | (3,777) | |
| __ | __ | __ | __ | ||
| 11,893 | - | 11,893 | 59,824 | ||
| __ | __ | __ | __ |
- 15 -
BRIGHTER FUTURES THROUGH SPORT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
14. Related party transactions
During the year, the charity paid £228,065 (2021 - £172,407) to a sports mentoring company which has a mutual trustee.
During the year, the charity paid £nil (2021 - £4,200) for property rental to the spouse of a trustee.
There were no other related party transactions to disclose within the year or comparative.
- 16 -