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2021-04-30-accounts

Brighter Path Annual Report 2021 To 30.4.21

Brighter Path was registered as a charity in England and Wales in May 2019 and this is our second annual report, covering the period 1 May 2020 to 30 April 2021. In the past 12 months we have opened a bank account, started fundraising, launched our website and most importantly, begun making grants to individual care leavers on the ground in Sri Lanka.

Trustees

The trustees of Brighter Path remain Caroline de Bono, John de Bono, Patrick Marshall, Henrietta Woolf and Alice Pilcher. We held trustee meetings in June 2020, September 2020, December 2020, and February 2020.

Banking

We opened an account with CAF Bank who specialise in supporting the charitable sector in August 2020.

Funds received

In the period of 12 months to 30 April 2021 we have received cash donations £10,981.83.

Other donations

Our website and its running costs have been entirely funded by a private donation.

Funds distributed

In the period of 12 months to 30 April 2021 we have distributed a total of £3,446.68 . The exchange rate has moved in our favour over the last 12 months such that whereas previously we worked on the basis of 200RS to the £, we now work on the basis of 250RS to the £.

Organisations we work with in Sri Lanka

There are a limited number of organisations and individuals working with care leavers in Sri Lanka. It is a fundamental principle of Brighter Path that we are able to make grants to any bona fide organisation working with care leavers in Sri Lanka. We are able to make grants directly to these organisations or to individuals that they refer. We have strong relationships on the ground with the University of Colombo, Brighter Path Sri Lanka[1] , SOS Villages Sri Lanka, Child Protection Force, a number of children’s homes/ orphanages, and Generation Never Give Up[2] .

1 Brighter Path in Sri Lanka is a not for profit company, founded by Caroline de Bono to provide care and support to care leavers. Caroline and John de Bono are directors of Brighter Path in Sri Lanka and to avoid conflicts of interest they do not vote on any funding application by Brighter Path Sri Lanka.

2 Generation Never Give Up is an organisation of care leavers in Sri Lanka which campaigns and advocates for the rights of care leavers. It was founded by care leavers and is run by care leavers for care leavers. Caroline de Bono has been a member of its Advisory Board between January 2021 and December 2021.

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Conflict of interest

We have a conflict of interest policy and all grant decisions are made in accordance with this policy.

Activity

May to October 2020

November 2020

December 2020

January 2021

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assisting a second disabled student but were unable to help because this second student was not a care leaver.

February 2021

March 2021

April 2021

Plans for the following year

Our plan is to continue supporting individual care leavers with grants but we are also looking to work with organisations on the ground in Sri Lanka. The impact of the pandemic is likely to continue to be significant.

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Brighter Path

Financial Report for Year Ending 30[th] April 2021

Total 2021 Total 2020
Incoming resources
Donations £10,981.83 -
Other income - £100
Bank interest - -
Resources Expended
Bank/ fundraising charges £153.50 -
Grants £3,446.68 -
Net resources
Total incoming/ outgoing £7,381.65 £100
Total funds carried forward £7,481.65 £100

The notes on pages 2 to 4 form part of this financial report

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Balance Sheet as at 30[th] April 2021

2021 2020
Cash in CAF Bank £6,654.65 £100
Paypal balance £827 £0
Total assets £7,481.65 £100

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Notes to Financial Report

  1. Brighter Path is a CIO with annual income of less than £25,000 and therefore the accounts require approval from trustees but are not subject to independent examination. The accounts must show receipts and payments with a statement of assets and liabilities.

  2. Donations received:

Via website: £2,653

Other sources: £8,328.83

Tax recovered under Gift Aid: none in this accounting period[1]

In addition a trustee donated the cost of the website, plug-ins and all the hosting costs[2]

  1. Charitable Grants.

The following grants were made (without identifying individual recipients by name)

Care Leaver A £106.08 Care Leaver N £511.73 Care Leaver R £191.15 Care Leaver P £63.32 Care leaver C £2,621.95 Total: £3,446.68

4. Governance

Bank fees were incurred of £64

Deductions from payment platforms (Paypal and Stripe) on the website were £95.50

1 A claim for Gift Aid in respect of relevant donations in the period ending 30.4.21 has been made in the financial year ending 30.4.22 and will feature in the financial report for 2022.

2 Website value £5,700, excluding cost of hosting and plug-ins

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  1. Trustee remuneration : No remuneration was paid or was payable for the year directly or indirectly out of the funds of the charity to any trustee. Attention is drawn to the heading ‘conflicts of interest’ below.

  2. Conflicts of interest : Caroline and John de Bono who are trustees of Brighter Path are also directors of Brighter Path (Sri Lanka) a not for profit company registered in Sri Lanka which provides support for care leavers in Sri Lanka. In accordance with the Charity Commission’s guidance on conflicts of interest neither trustee voted on the application by Brighter Path (Sri Lanka) for funds to adapt the Brighter Path (Sri Lanka) transition home to make it suitable for a severely disabled care leaver (see annual report).

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