## **Trustees’ Annual Report for the period**
**From Period start date To Period end date**
## **Charity name:**
## **Charity registration number:**
## **Objectives and Activities**
SORP reference Summary of the purposes of Para 1.17 the charity as set out in its governing document Summary of the main Para 1.17 and 1.19 activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confirming Para 1.18 whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by 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||
## **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**
Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
## **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||
|---|---|---|
|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||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25||
|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||
## **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||
|---|---|---|
|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||
|Other|||
## **Reference and Administrative details**
Charity name Other name the charity uses Registered charity number Charity’s principal address
**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)**|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – 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)**
**Full name(s)**
**Position (eg Secretary, Chair, etc)**
**Date**
Registered number: 07228782
## **BRIGHT EDUCATION AND CULTURAL ASSOCIATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
IK ACCOUNTANT 42a - 42b High Street Newcastle ST5 1QL
## **Bright Education And Cultural Association Unaudited Financial Statements For The Year Ended 31 March 2023**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Accountant's Report|2|
|Income and Expenditure Account|3|
|Balance Sheet|4|
|The following pages do not form part of the statutory accounts:||
|Detailed Income and Expenditure Account|5|
**Bright Education And Cultural Association Company Information For The Year Ended 31 March 2023**
|**Directors**|Mr Ilyas Keles|
|---|---|
||Mr KEMAL BALKANLIOGLU|
|**Company Number**|07228782|
|**Registered Office**|The Hollborn|
||Castle Hill Road|
||Newcastle|
||ST5 2SX|
|**Accountants**|IK ACCOUNTANT|
||Certified Accountants|
||42a - 42b High Street|
||Newcastle|
||ST5 1QL|
Page 1
## **Bright Education And Cultural Association Accountant's Report For The Year Ended 31 March 2023**
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
29/02/2024
IK ACCOUNTANT Certified Accountants 42a - 42b High Street Newcastle ST5 1QL
Page 2
## **Bright Education And Cultural Association Income and Expenditure Account For The Year Ended 31 March 2023**
|**TURNOVER**
Other income
Cost of raw materials and consumables
Staff costs
Depreciation and other amounts written off assets
Other charges
**SURPLUS BEFORE TAXATION**
Tax
**NET SURPLUS**|**2023**
**£**
166,730
-
(51,666)
(45,832)
-
(68,617)
615
(117)
498|**2022**
**£**
138,401
33,410
(40,604)
(48,458)
(447)
(80,920)|
|---|---|---|
|||1,382
-|
|||1,382|
Page 3
## **Bright Education And Cultural Association Balance Sheet As At 31 March 2023**
|Fixed assets
Current assets
Creditors: Amounts Falling Due Within One Year
**NET CURRENT LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors: Amounts Falling After More Than One Year
**NET ASSETS**
**RESERVES**|**2023**
**£**
243,218
5,071
(32,705)|**2022**
**£**
243,218
78
(22,000)|
|---|---|---|
||(27,634)|(21,922)|
||215,584|221,296|
||(40,685)|(46,895)|
||174,899|174,401|
||174,899|174,401|
## **Notes**
## 1. **General Information**
Bright Education And Cultural Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 07228782. The registered office is The Hollborn, Castle Hill Road, Newcastle, ST5 2SX.
## 2. **Average Number of Employees**
Average number of employees, including directors, during the year was: 7 (2022: 9)
## 3. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions.
On behalf of the board
Mr Ilyas Keles
Director
29/02/2024
Page 4
## **Bright Education And Cultural Association Detailed Income and Expenditure Account For The Year Ended 31 March 2023**
|**TURNOVER**
Sales
**OTHER INCOME**
Other operating income
**COST OF RAW MATERIALS AND CONSUMABLES**
Purchases
**STAFF COSTS**
Wages and salaries
Travel and subsistence expenses
**DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS**
Depreciation
**OTHER CHARGES**
_Premises expenses:_
Rent
Rates
Light and heat
Repairs and maintenance
Cleaning
_General administration costs:_
Printing, postage and stationery
Telecommunications
Accountancy fees
Bank charges
Charitable donations
Sundry expenses
**SURPLUS BEFORE TAXATION**
**Tax on Surplus**
Corporation tax charge
**NET SURPLUS**|**2023**
**£**
**£**
166,730
-
166,730
51,666
(51,666)
42,695
3,137
(45,832)
-
-
18,600
6,574
26,823
14,131
-
66,128
764
527
-
1,198
-
-
2,489
(68,617)
615
117
(117)
498|**2023**
**£**
**£**
166,730
-
166,730
51,666
(51,666)
42,695
3,137
(45,832)
-
-
18,600
6,574
26,823
14,131
-
66,128
764
527
-
1,198
-
-
2,489
(68,617)
615
117
(117)
498|**2022**
**£**
**£**
138,401
33,410
171,811
40,604
(40,604)
44,051
4,407
(48,458)
447
(447)
24,021
5,693
17,728
19,170
150
66,762
1,427
1,094
500
292
10,710
135
14,158
(80,920)
1,382
-
-
1,382|**2022**
**£**
**£**
138,401
33,410
171,811
40,604
(40,604)
44,051
4,407
(48,458)
447
(447)
24,021
5,693
17,728
19,170
150
66,762
1,427
1,094
500
292
10,710
135
14,158
(80,920)
1,382
-
-
1,382|
|---|---|---|---|---|
|||166,730
(51,666)
(45,832)
-
(68,617)||171,811
(40,604)
(48,458)
(447)
(80,920)|
||-
18,600
6,574
26,823
14,131
-||447
24,021
5,693
17,728
19,170
150||
||66,128||66,762||
||764
527
-
1,198
-
-||1,427
1,094
500
292
10,710
135||
||2,489||14,158||
||117||-||
|||615||1,382|
|||(117)||-|
||||||
|||498||1,382|
Page 5
##