**To**
## **Trustees' Annual Report for the period**
Period start date
Period end date
Day Month Year 01 04 2023
Day Month Year 31 03 2024
**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** Three Counties House, Suite 1, Ground Floor Festival Way, Stoke-onTrent Staffordshire **Postcode** ST1 5PX
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
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 Ended May 2023 Brighter Futures Housing Association Ltd
3 Simon Wilson Chair Brighter Futures Housing Association Ltd
4 Fern Basnett Ended Sept 2024 Brighter Futures Housing Association Ltd
5 Maxine Bradbourn Started May 2023 Brighter Futures Housing Association Ltd
6 Michael Jolly Started Feb 2024 Brighter Futures Housing Association Ltd
7 Carl Bridge Started Feb 2024 Brighter Futures Housing Association Ltd
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## **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**
1
|**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**
2
## **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**
3
## Section D
## **Summary of the main achievements of the charity during the year**
## Achievements and performance
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 were 0 vacancies within the 11 properties during 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**
4
## **Section E**
## **Financial review**
**Brief statement of the charity’s policy on reserves**
Cash at bank and in hand of £76,747 is held as at 31st March 2024. 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 2024 a further £25,424 has been transferred to the reserves. These reserves currently stand at £186,637.
**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)**
**Full name(s)** Simon Wilson **Position (eg Secretary, Chair,** Chair **etc) Date** 16/12/2024
March **2012**
**TAR**
5
||Charity No
(if any)
**216315**
Period start date
**01/04/2023**
**To**
Period end
date
**31/03/2024**
**CC17a**
Charity Name
**BRIGHTER FUTURES ALMSHOUSE TRUST**
Annual accounts for the period|Charity No
(if any)
**216315**
Period start date
**01/04/2023**
**To**
Period end
date
**31/03/2024**
**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**|**Details of own**
**analysis**
Note
**ote 3)**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
||
S01
S02
S03
S04
S05|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
88,945
-
-
88,945
80,461
-
-
-
-
-|
|||88,945
-
-
88,945
80,461|
|||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
64,913
-
-
64,913
51,838
1,092
-
-
1,092
1,020
-
-
-
-
-|
|||66,005
-
-
66,005
52,858
22,940
-
-
22,940
27,603|
|||-
-
-
-
-|
|||22,940
-
-
22,940
27,603|
|||-
-
-
-
-
-
-
-
-
-|
|||22,940
-
-
22,940
27,603|
|||276,498
-
-
276,498
248,895|
|||299,438
-
-
299,438
276,498|
CC17a (Excel)
30/10/2024
1
## **Section B Balance sheet**
|**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01
226,866
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-|**Endowment**
**funds**
**£**
F03
-
-
-|
**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05
226,866
193,519
-
-
-
-|
|---|---|---|---|---|---|
|||226,866|-|-|226,866
193,519|
|||6,224
76,474|-
-
-
-|-
-
-
-||
||||||--
6,2241,641
--
76,474127,128|
|||82,698|-|-|82,698
128,769|
||||||2,22718,729|
|||2,227|-|-||
|||||||
|||80,471|-|-|80,471
110,040|
|||||||
|||307,337|-|**-**|307,337
303,559|
||||||9,94429,108
--|
|||9,944
-|-
-|-
-||
|||||||
|||297,393|-|-|297,393
274,451|
|||110,755
186,637|
-|-|110,755101,127
186,637173,324
--
--|
|||297,392|-|-|297,392
274,451|
|||Signature||Date of
approval
Print Name||
CC17a (Excel)
30/10/2024
2
## **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)
30/10/2024
3
## **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)
30/10/2024
4
## **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 are accounted for at a reasonable estimate of their value to the charity or the **Gifts in kind** 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. The value of any voluntary help received is not included in the accounts but is described in the **Volunteer help** 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)
30/10/2024
5
## **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**|**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|88,945||80,461||
|**charitable activities**|||-|
|-|
||||-|
|-|
||||-|
|-|
||||-|
|-|
||**Total**|88,945||80,461||
CC17a (Excel)
30/10/2024
6
## **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**
**£**
**£**
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
21,708
9,410
39,625
38,838
1,100
2,046
2,480
3,500
- -
64,913 53,794
1,092
1,110
- -
- -
1,092 1,110
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)
30/10/2024
7
## **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).**_
|**_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**||||1092|||1110|
|**Other fees (for example: advice, consultancy, accountancy**||||||||
|**services) paid to the independent examiner or auditor**||||||||
CC17a (Excel)
30/10/2024
8
## **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**|||-|-|
||||||||
|**Fundraising**
**Charitable Activities**
**Governance**
**The parts of the charity in which the**
**employees work**
**7.2 Average number of full-time equivalent employees in the year**|||
|**This year**
**Number**
|-
-
-|**Last year**
**Number**
-
-
-|
||**Other**||||-|-|
|||**Total**|||-|-|
|**7.3 Defined contribution pension scheme**|||||||
|**_Please complete if a defined contribution pension scheme is operated._**|||||||
|**Brief details of the scheme**|||||||
||||||||
|||||**This year**
**£**||**Last year**
**£**|
|**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**|||||
CC17a (Excel)
30/10/2024
9
## **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)
30/10/2024
10
## **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**
|**9.1 Cost or valuation**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||**Freehold land**|||**Other land &**||**Plant,**|**Fixtures,**|**Payments on**||**Total**|
||**& buildings**|||**buildings**||**machinery and**|
**fittings and**|**account and**|||
|||||||**motor**|**equipment**|**assets under**|||
|||||||**vehicles**||**construction**|||
||**£**|||**£**||**£**|**£**|**£**||**£**|
|Balance brought
forward|240,739|||
|-|-|1,470|
|-|242,209|
|Additions||37,500||
|-|-|-||-|37,500|
|Revaluations|||-||-|-|-||-|-|
|Disposals|||-||-|-|-||-|-|
|Transfers *|||-||-|-|-||-|-|
|Balance carried
forward|**278,239**|||
|**-**|**-**|**1,470**|
|**-**|**279,709**|
|**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||47,220||
|-|-|1,469|
|-|48,689|
|Depreciation charge
for year||4,154||
|-|-|-||-|4,154|
|Impairment provisions|||||||||||
||||-||-|-|-||-|-|
|Revaluations|||||||||||
||||-||-|-|-||-|-|
|Disposals|||-||-|-|-||-|-|
|Transfers*|||||||||||
||||-||-|-|-||-|-|
|Balance carried
forward||**51,374**||
|**-**|**-**|**1,469**|
|**-**|**52,843**|
|**9.3 Net book value**|||||||||||
|Brought forward|193,519|||-||-|1|-||193,520|
|Carried forward|226,865|||-||-|1|-||226,866|
## **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)
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## **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**
**Other investments**
**Total**
**Investment properties**
**Securities not listed on a recognised Stock Exchange**
**Cash held as part of the investment portfolio**
**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**|**10.2**
**10.3**
**Market value at**
**year end**
**Income from**
**investments for**
**the year**
**£**
**£**
- -
- -
- -
- -
- -
- -|
|---|---|
||- -|
## **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**
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## **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**||
|---|---|---|---|---|---|---|
||**This year**|**Last year**||**This year**|**Last year**||
||**£**||**£**|**£**|**£**||
|**Trade debtors**|-||-|-|-||
|**Amounts due from subsidiary and associated**|||||||
|**undertakings**|-||-|-|-||
|**Other debtors**|5,342||900|-|-||
|**Prepayments and accrued income**|882||741|-|-||
||**Total** 6,224||1,641|-|-||
## **Note 12 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors**
|**12.1 Analysis of creditors**
|||||||
|---|---|---|---|---|---|---|
|||**Amounts falling due**||**Amounts falling due after**|||
|||**within one year**||**more than one year**|||
|||**This year**
**Last year**||**This year**|**Last year**||
|||**£**|**£**|**£**|**£**||
|**Loans and overdrafts**|||- -|-|-||
|**Trade creditors**|||2,080 8,083|-|-||
|**Amounts due to subsidiary and associated**|||||||
|**undertakings**|||- -|-|-||
|**Other creditors**|||119 1,126|-|-||
|**Accruals and deferred income**|||28 9,520|-|-||
||**Total**||2,227 18,729|-|-||
## **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.**_
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## **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). Type PE, EE Fund Name Purpose and Restrictions or R**
## **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||21,440|-|-|6,756||-|28,196|
|Cyclical maintenance||32,596|-|-|11,044||-|43,640|
|Routine maintenance||119,288|-|- 12,111|7,624||-|114,801|
|||-|-|-|-||-|-|
|||-|-|-|-||-|-|
|||-|-|-|-||-|-|
||**Total Funds**|173,324|-|- 12,111|25,424||-|186,637|
## **13.3 Transfers between funds**
## _**Please give details of any transfers between funds.**_
|**From Fund (Name)**||**To Fund (Name)**||**Reason**|**Amount**|
|---|---|---|---|---|---|
|Retained earnings|ERF||Annual transfer||6,756|
|Retained earnings|CMF||Annual transfer||11,044|
|Retained earnings|RMF||Annual transfer||7,624|
|||||||
CC17a (Excel)
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## **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
£ £
**----- End of picture text -----**
## **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**
**£**
**£**
9,944
29,108
**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)**|**£**|**£**|
||||||
||||||
||||||
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## **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.**
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One Express 1 George Leigh Street Manchester M4 5DL
T: 03330 910411 E: enquiries@beeverstruthers.co.uk W: beeverstruthers.co.uk
## **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 2024.
## **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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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: 21 November 2024
## **Partners**
Helen Armstrong Ann Bibby Helen Binns Mark Bradley Lee Cartwright Maria Hallows Stephen Harding Sue Hutchinson John Jones Suzanne Lomax Caroline Monk Shelim Rahman Iain Round Narinder Sandher Michael Tourville Richard Williams
Registered to carry on audit work in the UK and regulated for a range of investment business ac�vi�es by the Ins�tute of Chartered Accountants in England and Wales.