Reglstered number: 02447072 Charlty numb•r: 328680 GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Llmltod by Guaranteo) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
GIVE A CHILD A BRIGtrrrER FUTURE LIMITED (A Company Limited by Guarantse) CONTENTS Page R•fOren and Admlnlstratlvo Datalls of th• Cornpanyl Its Trusioos and Advisors Trustees. Report Ind•p•ndont Examln•V• R•port Statement of Flnanclal Actlvltle8 Balance Sho•t Not•s to the Flnanclal Ststom•nts 9-14
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Llmited by Guarantee) REFERENCE AND ADMINISTrATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru8t888 Mrs L Kalo Mrs R Connelly Company numb•r 02447072 Charfty numb•r 328680 Registered offic• 101 New Cavendlsh Street 1 st Floor South London W1W 6XH 8ocr•tary S G Aweida Independent Examlner Nevill8 J Newman FCA Harris & Trotter LLP Ch8rtered Accountant8 101 New Cavendlsh Street 1 st Floor South London W1W 6XH Page 1
GIVE A CHILD A BRIGHTER FLrruRE LIMITED (A Company Limlt•d by Guaranteo) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together with the financial statsments of the Give a Chllcl a Brighter Future Limited for the 1 January 2023 to 31 December 2023. The Annual Report serves the purposes of both Trustees, report and a directors, report under company law. The Trustees confim that the Annual Report and financial statements of the charitable company comply wlth the current statutory requirements, the requirements of the charitable companys governing document and the provisions of the Ststement of Recommended Practica (SORP) applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Slnce Ihe Company quallfies as small under 88Ction 382 of the Companles Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2Q13 ha8 been omitted. ObJ•ctlv•s and actlvltl08 The company continued to rely on donations from varfous supporters. including Instltutions. Its only other income is bank interest. It is entirely wn by unpaid volunteers. The directors donate the company's funds to organisations whose work is consistent with the companvs principal objectives. These organisations Include hospltals and other charities. The charity invites applications for funding of projects through various sources. The applications are reviewed by the trustees who ensure that they are in accordance with the charftys objectives. The chrity objectlves to prode the sick and the under privilegad children wlth Medical, educational and financial asslstsnce In The Lebanon. Maln achl•vem•nt8 of tho Company The charlty contlnues to support the charlty In Lebanon by paylng grants to them to help 8UPPOrt thelr charltable activities £330,000 (2022: £150,080) Fundralslng actlvltle8 and Incom• generatlon Glve 8 Chlld 8 Brlghter Future Llmited beneflts from a large clrde of generous benefactors, sponsors and fr18nds who, year after year, support its many worthy pro}eGts. The charity was able to hold their annual event that was a huge success. Page 2
GIVE A CHILD A BRIGTrrrER FLrruRE LIMITED {A Company Llmlted by Guarant••) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financlal revlew During the year under review, the Charftys income was £397,347 (2022: £308,719). The twstees are grateful to all donors for their contributlon received during the year and their continued support In the future. The charity contlnued to provide flnanclal 8UPPOrt to organisations working in the Lebanon to help slck, disabled, poor, homeless or needy chlldr6n. The total amount donated dudng the year was £330,000 (2022: £150,080). Tha trustees wlsh to continue uslng the charltls resources in Ihis way. a. Resorv68 poIIcy The Charltys cash reserves at the balance sheet date were £513.200 (2022: £496,039). The level of resep48s is considered approprlate gNan Ihe nature of the income. It wlll allow contlnued financlal support to organisations working in the Lebanon In the short temi and thls will allow other fomis of fund-raising lo be considered. In accordance wlth the Memorandum and Artide8 of A88ociation the trustses have the power to invest In such assets as they see flt. The Foundatlon has a pollcy of keeplng surplus Ilquld funds In short temi deposlts. Thls low risk investment policy provides the tlexlb515ty In making charitable grants and ensuTrs the Foundatlon had adequate funds to meet ongolng grant comrnltments and administr8tlon costs in accordance with its reseNes policy. Th8 Trust88s have adoptod a policy that, where possible, a gonoral fund cash rosorvo will ba maintainèd. Cash reserves for thls year amounts to £513.200 which adequately covers the Charitys reserves pollcy criterfa and provldes a cushlon for seasonal cash flow fluctuations that Impact the organisation from time to tlme. b. Investmen•nt pollcy In accordance with the Memorandum and Articles of Association, the Trustees have the power to Invest in such assets as they see fit. The Charlty has a policy of keeping surplus liquid fvnds In short term deposits. This low rfsk investment pollcy provides the flexibility in making charilable grants and ensures the Challty has adequate funds to rneet ongoing project commitments and administration costs in accordance wlth its reserves policy. Page 3
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Umited by Guarantsa) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and manag•m•nt a. Constltutlon The company is reglstered as a charitable company limited by guarantae and was set up by a Memorandum and Artides of Association on the 28th November 1989. The company Is constituted under 8 Memorandum of Assoclatlon dated 28 November 1989 and 58 a registered charity number 328680 The prlnGlpal object of the company18 to provlde rellef to chlldren who are sufferlng from povety or slckness In the Lebanon by providing financial and other asslstance, including a88i8tance wh educatlon. The company18 particularly concerned to provide rellef to chSldren. The rnanagernent comrnittee, who are also dSrectors for the purposes of company law, and who served during the year wgro.. Mrs L Kalo Mrs R Connelly None of the management committee has any beneficial Interest In the company. All of the management committee are members of the company and guarantee to contribute £1 in th8 event of a winding up. b. Methods of appolntment or electlon of Trustee8 The management of th8 company Is the responslblllty of tt)e Trustees who are elected and ¢o-OPted under the tem)s of the Memorandum of Assoclation. c. Pollclos adoptad for tho inductlon and tralnlng of Trusts•• Exlstlng tfustéas br16f n8W tru8te8s on the charlty8 alm and objectlves. Th6y arè glv6n a copy of the Mernorandum and Articles of Association along with Ihe latest financial statements. They are also gNen literature about the charity and directed towards the charStys Ybsite. They are also sent a copy of the charity commisslon's guldelines for Trustees which will help them to fvifil their role in line with charity and company IWN. The company has no polltlcal or religlou8 affiliation8. d. Flnanclal rf8k managgmont The Trustees have a8sess8d the major r5sks to whlch the Company is exposed. In particular those related to the operations and finances of the Company, and are salisfied that systerns and procedures are In place to mitigate exposure to the major risks. Plans for future perlods The Charlty will eK)ntlnue to support charitable organisation8 who are In desperate need for funds in order to provide relief to children suffering from poverty or sid(nes3 in Lebanon. Page 4
GIVE ACHILDA BRIGHTER FUTURE LIMITED (A Company Llmlt•d by Guarantao) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statemènt of Tru8t808' responslbllltl•s The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Truste8s' Report and the financial statements in accordance wlth appllcable law and United Klngdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting PraGtlce). Company law require8 the Trustees to prepare financial ststements for each financial . Under company law, the Trustees must not approv8 the financial statements unless they are satlsfied that they give a true and falr vlew of the state of affairs of th8 Company and of its incomlng resources and applicatlon of resources, includlng Its Incoffle and expendlture, for that period. In preparing these financial ststements, the Trustees are required to: 8elect sult8blg accounting policies and then apply them consistsntly; observe the methods and prfnciples of the Charities SORP (FRS 102); rnake judgments and accounting estlmates that are reasonable and prudent; state whether applicable UK Accounting StarKlards (FRS 102) have been followed. subject to any material departures dlsdo8ed and explained in the financial Statements; prepare the financial statements on the going concem basis unless It is inappropriate to pre8ume that the Company will contlnue in business. The Trustees ar8 responsible for keeping adequate accounting records that are sufflclent to show and explain the Companls transactions and disclose with r88%)nable accuracy 8t any tlrne the financlal posltlon of the Company and enable them to ensure that the financlal Statements comply wlth the Companles Act 2006. They are also responslble for safeguarding the assets of the Company and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularilies. Approved by order of the members of the board of Trustees on 13 September 2024 and slgned on their behalf by: Mrs L Kalo Page 5
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examln•rfs Raport to thé Tru8tee8 of Glve a Chlld a Brighter Future Limitsd (W Company.) I report to the charlty Trustees on my examination of the accounts of the Company for the Year ended 31 December 2023. RponSIbIlItIeS and Basls of Raport As the Trustees of the Company (and Its dlr8Ctors for the purpose8 of company law) you are responslble for th6 preparaOn of the accounts In accordance wlth the requlrernents of the Companies Act 2006 (Yhe 2008 Acf). Havlng satlsfied myself that the accounts of th8 Company are not requlred to be audlted under Part 16 of the 2006 Act and are eligible for Independent examinalSon, I report In respect of my examination of the Compan$ accounts carried out under seGtion 145 of the Charlties Act 2011 ('the 2011 ACV). In carrylng out my examinatlon I have followed the Dlrectlons glven by the Charlty Commlssion under 38Ctlon 145(5)(b) of the 2011 Act. Independent Examlnaf8 Stat•m•nt Since tha Compansls gross Income exceeded £250,1)00 your examiner rnu8t be a mamber of a body Ilsteil in section 145 of the 2011 Act. I confirni that l am quallfied to undertake the examlnation because l am a member of ICAEW, which is one of the Ilsted bodies. I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examin8tlon giving ma cause to belleve: accounting records ware not kapt In r8spect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord wlth those records; or the accounts do not cornply wlth the accounting requlrements of sectlon 396 of the 2006 Act other than any requlrement thai the accounts glvé a 'true and falrf vlew whleh Is not 8 matter consldered as part of an independent examlnatlon; or the accounts have not been prepared Sn accordance wlth the methods and prlnclples of the Statement of Recommended Practice for accounting and reportlng by charities [applicable to charftles preparlng Iheir accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102)]. I have no concem8 and hav8 come across no other matters in connection with the examination lo whlch attention should be drawn in this report in (Kder to enable a proper understsndlng of the accounts to be reached. Neville J Newman FCA CJO Harris & Trotter LLP Chartered aco)untants 101 New Cavendish Street 1st Floor South London, W1W 6XH Date: Page 6
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Limlt•d by Guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrfcted funds 2023 Totsl funds 2023 Total fvnds 2022 Income from.. Donations and legacies Investments 384,037 13,310 384,037 13,310 305,922 2, 797 Total Incoma 397,347 397.347 308,719 Expendlturo on: R8ising funds Charltable actlvities: Grants payabl8 Govemance costs 44,223 44,223 35,032 330,000 6.235 330,000 6,235 150,080 4,458 Total •xp•ndltur• 380,458 380,458 189,570 Net Incomo hforo not galn8 on Investments Net galns on inve81ments 16,889 272 16,889 272 119, 149 Not movamont In lund• 17,161 17,161 119, 149 Reconclllatlon of funds: T¢)tsl fvnds brought forward Net movement in funds 494,599 17.161 494,599 17.161 375,450 119, 149 Total funds carrled forward 511,760 511,760 494,599 The Statement of Flnancial Actlvities includ8s all gains and losses recognised In the Year. The notes on pages 9 to 14 form part of these financial statements. Page 7
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Llmited by Guarantse) REGISTERED NUMBER: 02447072 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Current as8et8 Cash at bank and In hand 513,200 496,039 513,200 496,039 Credltors: amounts falllng due withln one ye8r (1,440) (1,440) Net Gurrent assets 511,760 494,599 Total as80ts 1•88 currnnt Ilabllltles 511,760 494.599 Net a88et• •xcludlng p•n8lon a8$et 511.760 494.599 Total net assets 511,760 494,599 Charlty funds Unrestrlcted fund8 10 511,760 494,599 Total fund• 511,760 494,599 The Company was entitled to exemptlon from audit under secllon 477 of the Compan188 Act 2006. The members have not requlred the company to obtain an audit for the Year in question In accordance with section 476 of Companies Act 2006. The Trustees acknowledg8 thelr responslbiliti8s for complylng wlth the requlrements of the Acl with respect to accounting records and preparation of financlal slalem8nts. The financlal stat8rnents have been prepared in accordance wlth the provision8 appllcable to entities subject to the small companies regime. The financial statements were approved and authorlsed for issue by the Trustees on 13 September 2024 and signed on their behaFf by: Mrs L Kalo The notes on pages 9 to 14 fomi part of these financial statements. Page 8
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Umlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General Infomiation The charity company is a company limited by guarantee. The member8 of the company are the Management committee named on page . In the event of the company being wound up, the Ilability in respect of the guarantee is limlted to £1 per member of the company. The registered office of the company Is 101 New Cavendl8h Street. London, W1W 6XH and the prlncipal place of business 18 14 Rutland Court, Rutland Gardens. London, SW7 18N. Accountlng pollcle8 2.1 BaBl8 of preparatlon of flnanclal statem•nts The financial statements have been prepared In accordance wlth the Charitles SORP {FRS 102) - Accounting and Reporting by Charities: Ststement of Recomm8nded Practlce appllcable to charities preparing their accounts In accordance wSth the Financlal Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effectlve 1 January 2019), the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Glve a Child a Brfghter Future Llrnlted meets the definition of a public benefit entlty under FRS 102. Assets and liabllitles are inltlally recognised at historical cost or transactlon value unless otherwise ststed in the relevant accountlng policy. 2.2 Income All income Is r8cognlsed once the Company has entitlement to the income, It is probabl8 that the Income will b8 raceived and the amount of income recelvabla can ba measured rellably. Income tax recoverable In relation to Investment Income Is recognlsed at the time the Investment income Is receivabl8. 2.3 Expendlture Expendlture18 re¢ognised once Ihere 53 a leg81 or ¢on3truGtive obligatlon to tran8fer economlc benefit to a third party, It Is probable that a transfer of economic benefits wlll be required in 88ttlement and the amount of the obllgation can be measured rellably. Fundraising costs are those Incurred in seeklng voluntary contributions and do not Snclude the costs of disserninating infOnatIOn in support of the charilable actrvities. Support costs are those costs incurred dlrectly In support of expendlture on the objects of the company and include project management carried out at Headquarters. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.. Charitable activities and Govemance costs are costs incurred on th8 companls operalions, including support costs and costs relating to the govemance of the company apportioned to charitsble activltles Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attachlng are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as commitmen( but not accrued as expenditure Page 9
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Llmltad by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollclos (continued) 2.4 Interest racalvab10 Interest on funds held on deposSt Is Indud8d when re1vable and the amount can be measured reliably by the cornpany; this is normally upon notlflcatlon of the interest paid or payable by the Bank 2.5 Cash at bank and In hand Cash at bank and In hand includes cash and short tem) hlghly liquid Investments wlth a Short maturity of three months or le88 from the date of acqulsltlon or opening of the deposlt or similar accoun. 2.6 Uabllltl8s and provl8lons Liabilitles are recognlsed when there is an obllgatlon at the Balance Sheet date as a result of a past event, it Is probable that 8 transfer of economlc b8nefit will be required In settlement. and the amount of the s8tt1em8nt can be estimated reliably Liabllltles are r8cognl8ed at the amount that the company anticipates It wlll pay to settle the debt or the amount it has received as advanced payTnents for the goods or servl¢es it must provide Provlsions are measured at Ihe best estlmate of the arnounts requlred to settle the obligatlon. 2.7 Fund accountlng General funds are unrestricted funds which are avallable for use at the dlscretlon of the Trustees In furtherance of tha g8n8rel objectives of the Company and which have not been deslgnat6d for other purposes. Page 10
GIVE A CHILD A BRIGFrrER FUTURE LIMITED (A Company Limited by Guarantoo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donatlons and legacies Unrestrlcted funds 2023 Total funds 2023 Total funds 2022 Donatlons 384,037 384,037 305.922 Tot812022 305, 922 305,922 Investmont Income Unr•8trlctsd funds 2023 Total funds 2023 Total funds 2022 Interest received 13,310 13.310 2,797 Analy$i• of grant8 Grants to Instltutions 2023 Total fund8 2023 Total funds 2022 Grants paid 330.000 330,000 150.080 Total 2022 150, Q80 150,080 During the year £330,000 (2022. £150,080) of grants was paid to a charity in Lebanon. Page11
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Limited by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Govarnance Costs UnrostrfGtod Endowment funds funds 2023 2023 Total funds 2023 Total funds 2022 Accountancy and independent examination fee Interest payable Bank charges Webslte and soclai medla 1,440 117 4,572 106 1,440 1,440 125 2.608 285 4,572 106 6,235 6,235 4,458 Total 2022 4,458 4,458 Independent examinorf8 remuneratlon 2023 2022 Fees payable to the Compan8 Independent examiner for the Independent examination of the Company's annu81 account5 1,440 1,440 Trustsos. remuneraflon and oxpenses Durlng the Year, no Trustees receSved any remuneration or other beneflts (2022 - £NIL). During the Y8ar ended 31 Dec8mber 2023, no Trustee expenses have been incurred (2022- £NIL). Credttors: Amounts falllng due withln one year 2023 2022 Accruals and deferred Income 1.440 1,440 Page 12
GNE ACHILD ABRIGHTER FUTURE UMITED {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. SLknment of funds Stat•ment of fund8 - CUTr•Dt Year Balance at 31 Galn81 December {Lo8se8) 2023 Balance at 1 January 2023 Incomo Exp•ndttur• Unrnstrlcted funds General Funds 1 494,599 397.347 (380,458) 272 511.760 statement of funds . prlor Year Balance at 31 December 2022 Balance 8t 1 January 2022 Income Expenditure Unre8trlcted funds General Funds 1 375,450 308, 719 (189, 570) 494,599 11. Anolysls of net assets belween fund8 Analy818 of n•t a88ets between funds - current y•ar Unr•strlct•d funds 2023 Total funds 2023 Current assets Creditors due wlthin one year 513,200 (1,440) 513,200 (1.440) Total 511,760 511,760 Page 13
GIVE A CHILD A BRIGHTER FUTURE LIMITED (A Company Limlted by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Analysls of net assots betw•an funds {continued) Analysls of net assots betwa•n funds - prlor year Unrestricted funds 2022 Total funds 2022 Current as88ts Credltors due wlthln one year 496,039 (1,440) 496,039 (1,440) Total 494,599 494,599 Page 14