2023-03-31-accounts - Brighter Futures Almshouse Trust

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Item 6b

Trustees' Annual Report for the period

Period start date

Period end date

Day Month Year 01 04 2022

Day Month Year 31 03 2023

From

Section A Reference and administration details

Charity name BRIGHTER FUTURES ALMSHOUSE TRUST LIMITED

Other names charity is known by[Formerly “Walsall Corporation Almshouses” and “Moseley’s ] ” Dole Registered charity number (if any) 216315 Charity's principal address 5 Whittle Court, Town Road

Stoke-on-Trent Staffordshire Postcode ST1 2QE

Names of the charity trustees who manage the charity

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Dates acted if not Name of person (or body) entitled to
Trustee name Office (if any)
for whole year appoint trustee (if any)
Brighter Futures Housing The Charity Commission for England and
1
Association Limited Wales
2 Helena Evans Brighter Futures Housing Association Ltd
3 Simon Wilson Chair Brighter Futures Housing Association Ltd
4 Fern Basnett Brighter Futures Housing Association Ltd
5 Steve Rowley Ended Sept 2022 Brighter Futures Housing Association Ltd
6 Michael Jolly From Sept 2022 Brighter Futures Housing Association Ltd
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

Names and addresses of	advisers (Optional information)	advisers (Optional information)
Type of adviser	Name	Address
Bank	Lloyds Bank Plc	New Street, Birmingham, B2 4LP



Name of chief executive or names of senior staff members (Optional information)

The Charity has no employees

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document The “Scheme” is the governing document registered with the Charity Commission (eg. trust deed, constitution) on 5[th] October 2011

How the charity is constituted[The Charity is an unincorporated trust ]

(eg. trust, association, company)

The Corporate Trustee (Brighter Futures Housing Association Limited) was Trustee selection methods appointed by the Scheme. (eg. appointed by, elected by) The Corporate Trustee has appointed specific members of its Board to act in its capacity as a Corporate Trustee. In selecting Board members for appointment the Corporate Trustee takes into consideration the relevant skills and experience of potential members.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about: Brighter Futures Almshouse Trust (“the Trust”) is a member of the National Association of Almshouses which provides helpful advice and assistance.  policies and procedures The Trust has adopted the Financial Standing Orders of its Corporate Trustee, adopted for the induction and Brighter Futures Housing Association Limited. The Orders ensure that financial training of trustees; risks are managed, an adequate system of internal control is in place and  the charity’s organisational accurate financial books and records are maintained. structure and any wider Brighter Futures Housing Association Limited provides general management, network with which the charity housing management and accounting / financial management services to the works;

Brighter Futures Housing Association Limited provides general management,
network with which the charity housing management and accounting / financial management services to the
works; Trust. The provision of these management services and arrangements for their
 relationship with any related reimbursement are set out in a Management Agreement between the two parties. parties; No payments (or other benefits) are made to Brighter Futures Housing
 trustees’ consideration of Association Limited (or any designated members of the Board) in respect of its major risks and the system role as a Corporate Trustee. and procedures to manage them.

March 2012

TAR

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The Trust provides 11 high quality self-contained homes in the Borough of Walsall for the relief of poverty, hardship or distress of its residents.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

The transfer of the Corporate Trusteeship to Brighter Futures Housing Association Limited took place on 5[th] October 2011. This was a key event in the history of the Trust. Following this transfer, the Trustees approved a complete refurbishment and redecoration works programme for all 11 homes. The works took place between November 2011 and May 2012 and have bought the homes up to a modern and habitable standard for the first time in many years.

Prior to the transfer date only one home was occupied but from May 2012 other residents started to move in and by 23[rd] July 2012 all 11 units were fully occupied.

In agreeing our plans and activities for the period the Trustees have kept in mind the Charity Commission’s guidance on public benefit. The focus of our activities has been to bring the properties of the Trust back into use for the benefit of the residents of Walsall.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

The scheme continues to be a success for its residents and for the Charity. Continued support provided by Brighter Futures Housing Association Limited has ensured that residents have again been able to successfully maintain their tenancies. There was 1 vacancy within the 11 properties during the year, this vacancy resulted in a £2,370 loss of rental income which remained without our budgeted void loss for the year. The Trust continues to be financially strong, allowing all ongoing existing expenditure to be met alongside the repayment of capital and interest on the remaining refurbishment loan from Brighter Futures Housing Association Limited. Contributions to the repair and maintenance funds have continued in the year and will enable future maintenance liabilities to be met.

The tenants are supported by Brighter Futures Almshouse Trust are people living in the Walsall area who are in need, suffering hardship or distress. They are supported to make sure they are in receipt of benefits they are eligible for and helped with day-to-day aspects of their lives.

March 2012

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

Cash at bank and in hand of £127,128 is held as at 31st March 2023. This cash has been created from charitable activities operating surplus.

The Trust established maintenance reserves for extraordinary repairs, routine maintenance and cyclical maintenance in line with the National Association of Almshouses recommendations, at the year ending 2023 a further £22,740 has been transferred to the reserves. These reserves currently stand at £173,324.

Details of any funds materially in deficit

N/A

Further financial review details (Optional information)

During the year a 30-year business plan was produced. The plan shows that the You may choose to include Trust is a feasible business for the foreseeable future; making sufficient surplus additional information, where to cover all obligations. relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Simon Wilson Full name(s) Position (eg Secretary, Chair, Chair etc) Date 14/12/2023

March 2012

TAR

	Charity No (if any) 216315 Period start date 01/04/2022 To Period end date 31/03/2023 CC17a Charity Name BRIGHTER FUTURES ALMSHOUSE TRUST Annual accounts for the period	Charity No (if any) 216315 Period start date 01/04/2022 To Period end date 31/03/2023 CC17a Charity Name BRIGHTER FUTURES ALMSHOUSE TRUST Annual accounts for the period
Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Gains and losses on investment assets Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
	S01 S02 S03 S04 S05	- - - - - - - - - - - - - - - - - - - - 80,461 - - 80,461 81,976 - - - - -
		80,461 - - 80,461 81,976
		- - - - - - - - - - - - - - - - - - - - 51,838 - - 51,838 52,355 1,020 - - 1,020 900 - - - - -
		52,858 - - 52,858 53,255 27,603 - - 27,603 28,721
		- - - - -
		27,603 - - 27,603 28,721
		- - - - - - - - - -
		27,603 - - 27,603 28,721
		248,895 - - 248,895 220,174
		276,498 - - 276,498 248,895

CC17a (Excel)

12/01/2024

Section B Balance sheet

Unrestricted funds £ F01 193,519 - -	Restricted income funds £ F02 - - -	Endowment funds £ F03 - - -	Total this year Total last year £ £ F04 F05 193,519 193,742 - - - -
193,519	-	-	193,519 193,742
1,641 127,128	- - - -	- - - -
			-- 1,6412,746 -- 127,128117,223
128,769	-	-	128,769 119,969
			18,72912,243
18,729	-	-

110,040	-	-	110,040 107,726

303,559	-	-	303,559 301,468
			29,10852,576 --
29,108 -	- -	- -

274,451	-	-	274,451 248,892
101,127 173,324	-	-	101,12798,308 173,324150,584 -- --
274,451	-	-	274,451 248,892
Signature		Print	Date of approval Name

CC17a (Excel)

12/01/2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); • and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

• and with the Charities Act.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

There have been no changes in accounting policies (variation rules and methods of accounting since last year but for completeness these are stated as follows ->

TURNOVER

Turnover represents weekly maintenance and service charges for properties in the year as well as any income for rechargeable activities. All income is recognised on a receivable basis.

SERVICE CHARGES

Services charges are due from residents weekly, the eligible portion predominately being paid through Housing Benefit and the ineligible collected directly from the tenant.

INTEREST RECEIVABLE

Interest receivable is credited to the income and expenditure account in the period.

INTEREST PAYABLE

Interest payable is charged to the income and expenditure account in the period.

TAXATION

The Trust is a registered charity and is therefore exempt from paying Corporation Tax on all activities.

FREEHOLD PROPERTIES

Housing properties are properties available for occupation and are stated at historic cost less depreciation. Major refurbishment of existing housing is charged to capital and depreciated over the useful economic life of an asset. Planned maintenance. minor repairs and redecoration are charged to expenditure in the year that they occur.

CC17a (Excel)

12/01/2024

FIXED ASSETS AND DEPRECIATION

Depreciation is provided by the company to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful economic lives as follows ->

Housing structure - 1.33% on cost Roof - 1.67% on cost Lifts, bathrooms and kitchens - 5.00% on cost Windows and external doors - 6.67% on cost Central heating systems - 10.00% on cost

VALUE ADDED TAX

The Trust is not registered for Value Added Tax (VAT). No VAT is therefore reclaimed and all expenditure is shown inclusive of VAT.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on
	a basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500.
by charity	They are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.
POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Note 3 Analysis of incoming resources	Note 3 Analysis of incoming resources
*Incoming resources may be further analysed if this would help the reader of the*		*accounts.*
		This year		Last year
	Analysis	£		£
Voluntary income			-	-
			-	-
			-	-
			-	-
			-	-
	Total		-	-

Activities for generating funds			-	-
			-	-
			-	-
			-	-
			-	-
	Total		-	-

Investment income			-	-
			-	-
			-	-
			-	-
			-	-
	Total		-	-

Incoming resources from	Maintenance and service charges	80,461		81,976
charitable activities			-	-
			-	-
			-	-
			-	-
	Total	80,461		81,976

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

Governance costs
Charitable activities
Investment
management costs
Costs of generating
voluntary income
Fundraising trading
costs

This year
Last year
£
£
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9,410 7,107
38,838 39,609
2,046 3,039
3,500 3,500
- -
53,794 53,255
1,110 900
- -
- -
1,110 900
Management fee
Total
Independent examination of accounts
Analysis
Total
Total
Total
Service costs (utilities - water, electric, council tax etc.)
Management costs (stationery, insurance etc.)
Interest & finance costs
Total

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

----- Start of picture text -----
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
----- End of picture text -----

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

			This year			Last year
Number of trustees who were paid expenses
Nature of the expenses
Total amount paid		£			£
6.2 Fees for examination or audit of the accounts
*Please provide details of the amount paid for any statutory external scrutiny of accounts and other*
*services provided by your independent examiner or auditor. If*	*nothing was paid*			*please enter NONE in*
*the appropriate box(es).*
			This year			Last year
			£			£
Independent examiner’s or auditors' fees for reporting on the accounts				1110			990
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs

7.1 Staff Costs
					This year £		Last year £
Gross wages, salaries and benefits in	kind					-	-
Employer’s National Insurance costs						-	-
Pension costs						-	-
			Total staff costs			-	-

7.2 Average number of full-time equivalent employees in the year					This year Number		Last year Number
The parts of the charity in which the		Fundraising				-	-
employees work		Charitable Activities				-	-
		Governance				-	-
		Other				-	-
				Total		-	-

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

	This year	Last year
	£	£

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Total value of grants

----- Start of picture text -----
Grants to Grants to
institutions individuals
Purpose for which grants made Total amount £ Total amount £
- -
- -
- -
- [ - ]
- [ - ]
- [ - ]
Total - -
----- End of picture text -----

8.1 Grantmaking costs

If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.

Support costs of grantmaking

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

*institutions supported.*
Names of institutions Purpose *Total grants to institutions*	Total amount of grants paid £ - - - - - - - - - -
	-

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

		Freehold land	Freehold land	Freehold land		Other land &		Plant,	Fixtures,	Payments on		Total
		& buildings				buildings		machinery	fittings and	account and
								and motor	equipment	assets under
								vehicles		construction
		£				£		£	£	£		£
Balance brought forward		236,935					-	-	1,470		-	238,405
Additions			5,058				-	-	-		-	5,058
Revaluations				-			-	-	-		-		-
Disposals		(	1,254)				-	-	-		-	( 1,254)
Transfers *				-			-	-	-		-		-
Balance carried forward		240,739					-	-	1,470		-	242,209
9.2 Accumulated depreciation and					impairment provisions
	**Basis	SL or	RB			SL or RB		SL or RB	SL or RB	SL or RB
	** Rate	SL							SL

Balance brought forward			43,194				-	-	1,469		-	44,663
Depreciation charge for year			5,280				-	-	-		-	5,280
Impairment provisions
				-			-	-	-		-		-
Revaluations
				-			-	-	-		-		-
Disposals		(	1,254)				-	-	-		-	( 1,254)
Transfers*
				-			-	-	-		-		-
Balance carried
forward			47,220				-	-	1,469		-	48,689
9.3 Net book	value
Brought forward		193,741				-		-	1	-		193,742
Carried forward		193,519				-		-	1	-		193,520

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

Add/(deduct):net gain/(loss) on revaluation Carrying (market) value at beginning of year Carrying (market) value at end of year Add:additions to investments at cost Less:disposals at carrying value	£ - - - -
	-

Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.

Analysis of investments		10.2		10.3	10.3
		Market value at		Income from
		year end		investments for
				the year
		£			£
Investment properties			-		-
Investments listed on a recognised stock exchange or held in common			-		-
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
Investments in subsidiary or connected undertakings and companies			-		-
Securities not listed on a recognised Stock Exchange			-		-
Cash held as part of the investment portfolio			-		-
Other investments			-		-
	Total		-		-

10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.

Investment held

Market Value

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors		Amounts falling due within one year	Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year	Amounts falling due after more than one year	Amounts falling due after more than one year
		This year		Last year	This year		Last year
		£		£	£		£
Trade debtors			-	-		-		-
Amounts due from subsidiary and associated
undertakings			-	-		-		-
Other debtors			900	2,257		-		-
Prepayments and accrued income			741	490		-		-
	Total		1,641	2,747		-		-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

		Amounts falling due	Amounts falling due	Amounts falling due	Amounts falling due after	Amounts falling due after	Amounts falling due after	Amounts falling due after
		within one year			more than		one year
		This year		Last year	This year		Last year
		£		£	£		£
Loans and overdrafts			-	-		-		-
Trade creditors			8,083	10,241		-		-
Amounts due to subsidiary and associated
undertakings			-	-		-		-
Other creditors			1,126	518		-		-
Accruals and deferred income			9,520	1,485		-		-
	Total	18,729		12,243		-		-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

permanent endowment funds (PE);
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).

Fund	Name	Type PE, EE or R	Purpose and Restrictions

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

		Fund						Fund
		balances						balances
		brought	Incoming	Outgoing		Gains and		carried
		forward	resources	resources	Transfers	losses		forward
Fund names		£	£	£	£		£	£
Extraordinary repairs		15,400	-	-	6,040		-	21,440
Cyclical maintenance		22,716	-	-	9,880		-	32,596
Routine maintenance		112,468	-	-	6,820		-	119,288
		-	-	-	-		-	-
		-	-	-	-		-	-
		-	-	-	-		-	-
	Total Funds	150,584	-	-	22,740		-	173,324

13.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name)			Amount
Retained earnings	ERF	Annual transfer	6,040
Retained earnings	CMF	Annual transfer	9,880
Retained earnings	RMF	Annual transfer	6,820

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

----- Start of picture text -----
Amounts paid or benefit value
Legal authority (eg order,
Name of trustee or connected party
governing document) This year Last year
£ £
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14.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.

Due to trustees and related parties Due from trustees and related parties	Brighter Futures Housing Association Limited Loan Name of trustee or connected party Legal authority	This year Last year £ £ 29,108 47,326 Amount owing

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the trustee	Relationship to	Description of the	This year	Last year
or related party	charity	transaction(s)	£	£

CC17a (Excel)

12/01/2024

Section C Notes to the accounts (cont)

Note 15 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

CC17a (Excel)

12/01/2024

Independent examiner’s report to the trustees of Brighter Futures Almshouse Trust

I report to the trustees on my examination of the accounts of the Brighter Futures Almshouse Trust (the Trust) for the year ended 31 March 2023.

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 all 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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content 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.

Signed:

Name: Lee Cartwright

Relevant professional qualification or membership of professional bodies (if any): ACA

Address: The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT

Date: 9 November 2023