BRIGHT INSIGHT IDEAS C.I.C.

Company limited by guarantee

Company Registration Number:
13685551 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

BRIGHT INSIGHT IDEAS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

BRIGHT INSIGHT IDEAS C.I.C.

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

The company exists to carry on activities which benefit the communities across London, and particularly those communities in need of relief from financial hardship due to their social and/or economic circumstances. The company engaged in research, community cohesion and improving life chances. We received grant funding and utilised volunteers as a resource to listen to community voices and co-design projects, mainly the wellbeing ones. Our main achievements were: a) developed a website for one of the groups we supported b) delivering wellbeing projects for c) Arranging tours & trips Time was spent on voluntary fundraising, co-designing new projects and networking with other local providers and groups.

Additional information

A fair amount of time was spent on voluntary fundraising, co-designing new projects that reflect needs of the community, setting up a community reference/steering committee to oversee projects and networking with other local providers and groups.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Jedidah Onchere
Lydia Abu
Lydia Kasera-Kwoba


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 July 2025

And signed on behalf of the board by:
Name: Lydia Abu
Status: Director

BRIGHT INSIGHT IDEAS C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 23,057 10,806
Cost of sales: 0 0
Gross profit(or loss): 23,057 10,806
Distribution costs: 0 ( 375 )
Administrative expenses: ( 23,057 ) ( 10,424 )
Other operating income: 0 0
Operating profit(or loss): 0 7
Interest receivable and similar income: 0
Profit(or loss) before tax: 0 7
Profit(or loss) for the financial year: 0 7

BRIGHT INSIGHT IDEAS C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 7,133 19,315
Investments:   0 0
Total current assets: 7,133 19,315
Creditors: amounts falling due within one year: 3 ( 7,133 ) ( 19,315 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

BRIGHT INSIGHT IDEAS C.I.C.

Balance sheet statements

For the year ending 31 October 2024 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 30 June 2025
and signed on behalf of the board by:

Name: Lydia Abu
Status: Director

The notes form part of these financial statements

BRIGHT INSIGHT IDEAS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 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

    Turnover is measured at a fair value received or receivable, recognised when revenue is measured reliably and the costs incurred in respect of the transaction measured reliably.

BRIGHT INSIGHT IDEAS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BRIGHT INSIGHT IDEAS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Accruals and deferred income 7,133 19,315
Total 7,133 19,315

COMMUNITY INTEREST ANNUAL REPORT

BRIGHT INSIGHT IDEAS C.I.C.

Company Number: 13685551 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The company exists to generally carry on activities which benefit the community and to promote for the benefit of primarily but not exclusively the communities across London in need of relief from financial hardship due to their social and/or economic circumstances. We received grant funding and utilised volunteers as a resource to listen to community voices and co-design projects, mainly the wellbeing ones. Main achievements were: a) developed a website for one of the groups we supported to enhance their work b) delivering wellbeing projects for -35 people who have a disadvantage or have suffered trauma in the community – workshops in flower arrangement, body cream, soap and candle making, yoga, dealing with grief and remembering their deceased children -67 over 50s engaged in wellbeing activities - dancing, gardening, yoga, walks, knitting and crocheting. c) tours & trips -108 people went on four coach trips and evening entertainments d) intergenerational -over 200 people attended a Christmas gala -15 engaged in intergenerational activities such as teaching young people cooking cultural meals -9 regularly volunteer in the community -16 reported improved mental and physical conditions.

Consultation with stakeholders

Consultation and co-designing is now embedded in our processes. -We mostly work with preexisting groups in the community and use a baseline questionnaire for people joining groups and end of season/project questionnaires to assess impact. -we have consult with group leaders on a regular basis, sometimes weekly. -we had three main consultations in this reporting year – before the coach trip and continuing during the coach journey and after the Christmas gala. For example, we now know that the over 50s group would like to engage in the impact of heat on their health.

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
26 July 2025

And signed on behalf of the board by:
Name: Jedidah Onchere
Status: Director