BRIGHTER FUTURES INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
SC601627 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 1 August 2024

End date: 31 July 2025

BRIGHTER FUTURES INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 July 2025

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 2025

2025 2024


£

£
Turnover: 6,997 13,117
Gross profit(or loss): 6,997 13,117
Operating profit(or loss): 6,997 13,117
Profit(or loss) before tax: 6,997 13,117
Profit(or loss) for the financial year: 6,997 13,117

BRIGHTER FUTURES INITIATIVE CIC

Balance sheet

As at 31 July 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 1,006 1,406
Total fixed assets: 1,006 1,406
Current assets
Cash at bank and in hand: 1 1
Total current assets: 1 1
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 1,543 ) ( 6,520 )
Net current assets (liabilities): (1,542) (6,519)
Total assets less current liabilities: (536) ( 5,113)
Creditors: amounts falling due after more than one year: 5 ( 6,461 ) ( 8,004 )
Total net assets (liabilities): (6,997) (13,117)
Members' funds
Profit and loss account: (6,997) ( 13,117)
Total members' funds: ( 6,997) (13,117)

The notes form part of these financial statements

BRIGHTER FUTURES INITIATIVE CIC

Balance sheet statements

For the year ending 31 July 2025 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 2026
and signed on behalf of the board by:

Name: JULY CHINWE AKUDO 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 2025

  • 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

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 1

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2024 2,589 2,589
Additions
Disposals
Revaluations
Transfers
At 31 July 2025 2,589 2,589
Depreciation
At 1 August 2024 1,183 1,183
Charge for year 400 400
On disposals
Other adjustments
At 31 July 2025 1,583 1,583
Net book value
At 31 July 2025 1,006 1,006
At 31 July 2024 1,406 1,406

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 1,543 6,520
Total 1,543 6,520

BRIGHTER FUTURES INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

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

2025 2024
£ £
Bank loans and overdrafts 6,461 8,004
Total 6,461 8,004

COMMUNITY INTEREST ANNUAL REPORT

BRIGHTER FUTURES INITIATIVE CIC

Company Number: SC601627 (Scotland)

Year Ending: 31 July 2025

Company activities and impact

We Organised dance and drama classes, jewellery making classes, public speaking classes and computer programming classes for youths and women in the community. We also organised community Christmas party in the community. The above activities provide opportunities for multicultural integration, skills development and opportunities for people top go out and exercise rather than living sedentary lifestyle. The public speaking club helps to improve the communication skills and build the confidence of youths who participate in it. We also organised a Christmas party and awards night to celebrate people in the community who are making strides worthy of emulation in their different community service areas.

Consultation with stakeholders

Stakeholders include, youths, men and women who use our services, volunteers and and funders. We collect feedback through questionnaire surveys, service user testimonies and incorporate this feedback into our work to improve our services.

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 2026

And signed on behalf of the board by:
Name: JULY CHINWE AKUDO HUMPHREY
Status: Director