BRIGHT FUTURES 4 ALL C.I.C.

Company limited by guarantee

Company Registration Number:
09816094 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

BRIGHT FUTURES 4 ALL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRIGHT FUTURES 4 ALL C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,725 2,192
Total fixed assets: 1,725 2,192
Current assets
Debtors: 4 144 5,342
Cash at bank and in hand: 1,894 519
Total current assets: 2,038 5,861
Creditors: amounts falling due within one year: 5 ( 19,734 ) ( 14,657 )
Net current assets (liabilities): (17,696) (8,796)
Total assets less current liabilities: (15,971) ( 6,604)
Creditors: amounts falling due after more than one year: 6 ( 27,204 ) ( 19,939 )
Provision for liabilities: ( 5,282 )
Total net assets (liabilities): (43,175) (31,825)
Members' funds
Profit and loss account: (43,175) ( 31,825)
Total members' funds: ( 43,175) (31,825)

The notes form part of these financial statements

BRIGHT FUTURES 4 ALL C.I.C.

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Karen Bryson
Status: Director

The notes form part of these financial statements

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    1 Statutory information BRIGHT FUTURES 4 ALL C.I.C. is a private company, limited by shares, registered in England and Wales, registration number 09816094. The registered office is 33 KNIGHTON CLOSE, SOUTH CROYDON, SURREY, CR2 6DP. 2 Compliance with accounting standards The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. 3 Accounting policies The 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 preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings Computer equipment Other tangible fixed assets

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 4,713 4,713
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 4,713 4,713
Depreciation
At 1 November 2022 2,521 2,521
Charge for year
On disposals
Other adjustments 467 467
At 31 October 2023 2,988 2,988
Net book value
At 31 October 2023 1,725 1,725
At 31 October 2022 2,192 2,192

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 144 5,342
Total 144 5,342

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,921 455
Taxation and social security 5,951 13,691
Accruals and deferred income 313
Other creditors 10,549 511
Total 19,734 14,657

BRIGHT FUTURES 4 ALL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 27,204 19,939
Total 27,204 19,939

COMMUNITY INTEREST ANNUAL REPORT

BRIGHT FUTURES 4 ALL C.I.C.

Company Number: 09816094 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company runs a range of free and affordable education and well-being services, supporting parents/carers, who often come from the most disadvantaged and neglected communities in the Broad Green area of Croydon (one of the UK’s most deprived neighbourhoods). Our passion and focus this year have been increasing our work with trauma-informed children and supporting neuro-diverse. We operate from a local church business unit in Central Croydon five days a week. During the financial year 2022-2023, Bright Futures 4 all’s activities have benefitted the community in the following ways: Setting-up a food bank for our SEND families during the school holiday periods. Alongside, a free consultancy , run by volunteers, to signpost families to the correct agencies, with multiple enquiries regarding the needs of their SEND families (e.g.) social services, education and healthcare support needs. Supporting families struggling with helping their neuro-diverse children who have been de-registered from school. We launched a home-schooling hub, for mainly BAME boys who had been struggling within a mainstream school system. Their attendance has been 99%. Providing highly quality 1-2-1 and small group maths and English tuition x 3 times a week to children from low-income backgrounds, whose attainment at primary and secondary school has improved, alongside their confidence. Trauma-informed, ‘Stay ‘n’ Play’ provision for young children (under 8years old) who are in care (Looked After Children) and cannot access a mainstream environment. Securing the improved confidence and attainment of dyslexic, dyspraxia and ADHD young people, in the areas of maths and English language, in the year of their GCSE’s. Providing opportunities for children on Free-school-meals (FSM) from reception to year 8 to engage in high quality science and sports activities, catch-up classes, with breakfast and lunch with healthy snacks in the Easter and Summer holiday 2022. Partnering online with free parent’s conference to support and equip parents with the knowledge they need to thrive whilst parenting in difficult socio-economic times.

Consultation with stakeholders

(Please continue on separate continuation sheet if necessary.) PART 2 – CONSULTATION WITH STAKEHOLDERS – Please indicate who the company’s stakeholders are; how the stakeholders have been consulted and what action, if any, has the company taken in response to feedback from its consultations? If there has been no consultation, this should be made clear. The company’s stakeholders are local parents and their children who range in age from Reception classes (aged 4-5), to Year 13 (A’ Levels), who live within a 5 mile radius of Charis House, business centre. 66% are on a low incomes (a small but significant amount are unemployed). Of this group of low income stakeholders, 50% are single parent mums with limited financial support from their children’s fathers. At the end of each academic year, the parents are requested to fill out a parent questionnaire; Whilst I host group discussions with parents at the beginning of each academic year (September 2022) and with children at the end of each major term (Christmas 2021 and Summer 2022). The main points to come out of these consultations are that parents appreciate the service we provide and have benefitted in multiple ways from engaging with our services. Key, is creating a sense of community and our family-atmosphere, means life-long relationships have been formed. Mostly, the have seen an improvement in their child’s confidence, well-being and learning attainment in school. They are keen to have our fees remain as they are or lower. Many of our parents have shared the sacrifice they are making to access our affordable service, to secure a ‘better future’ for their child, through better exam/assessment results in schools. Parents are keen to see more added value in the service I provide in the provision of a library with a drop-in service so students can continue to study after class and free study aid books and equipment (stationary, photocopying, audio-books, SEND resources – noise reducers, buff coloured paper, overlays, supported pen grips; talking buttons, etc). The board we have includes parents from the local community and are from a range of socio-economic and ethnic backgrounds.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £27,591. There were no transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 October 2024

And signed on behalf of the board by:
Name: Karen Bryson
Status: Director