BRIGHTER FUTURES INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
SC601627 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

BRIGHTER FUTURES INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRIGHTER FUTURES INITIATIVE CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: (11,473) (11,012)
Gross profit(or loss): (11,473) (11,012)
Operating profit(or loss): (11,473) (11,012)
Profit(or loss) before tax: (11,473) (11,012)
Profit(or loss) for the financial year: (11,473) (11,012)

BRIGHTER FUTURES INITIATIVE CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,708 2,010
Total fixed assets: 1,708 2,010
Current assets
Cash at bank and in hand: 35
Total current assets: 35
Creditors: amounts falling due within one year: 4 ( 3,000 ) ( 3,554 )
Net current assets (liabilities): (2,965) (3,554)
Total assets less current liabilities: (1,257) ( 1,544)
Creditors: amounts falling due after more than one year: 5 ( 9,468 ) ( 9,468 )
Accruals and deferred income: ( 748 )
Total net assets (liabilities): (11,473) (11,012)
Members' funds
Profit and loss account: (11,473) ( 11,012)
Total members' funds: ( 11,473) (11,012)

The notes form part of these financial statements

BRIGHTER FUTURES INITIATIVE CIC

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 April 2024
and signed on behalf of the board by:

Name: July Humphrey
Status: Director

The notes form part of these financial statements

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciationTangible assets are included at cost less depreciation and impairment.

    Other accounting policies

    Accounting policiesThe principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 2,589 2,589
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 2,589 2,589
Depreciation
At 1 August 2022 579 579
Charge for year 302 302
On disposals
Other adjustments
At 31 July 2023 881 881
Net book value
At 31 July 2023 1,708 1,708
At 31 July 2022 2,010 2,010

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 3,000 3,554
Total 3,000 3,554

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 9,468 9,468
Total 9,468 9,468

COMMUNITY INTEREST ANNUAL REPORT

BRIGHTER FUTURES INITIATIVE CIC

Company Number: SC601627 (Scotland)

Year Ending: 31 July 2023

Company activities and impact

we organised dance classes, drama and debating clubs for youths and children which helped them to express themselves through artistic presentations and improve their publicspeaking ski-lls. The drama and debates centred on contemporary social issues which affect youths and children in the community. These activities helped to engage youths and children in the community.we organised maths club for youths to improve their numerical skills and assist them in their maths homeworkwe organised traditional cooking and jewellery making classes for women. These classes helped to bring together women from different cultural settings thereby improving multicultural integration.We organised a Red carpet christmas dinner to celebrate the youth and women we work with including our volunteers who support us during our projects. This annual end of year celebration brings families from different cultural settings together to celebrate therebyaiding in multicultural integration.

Consultation with stakeholders

Stakeholders include, the youth and women who use our services, the volunteers who work with us, the directors and funders. Feedback has been given through questionnaire surveys, service user testimonies and we have incorporated any suggestions for improvement to our service delivery. Feedback has been provided to the funders through filling performance evaluation forms.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 April 2024

And signed on behalf of the board by:
Name: July Humphrey
Status: Director