THE BRIGHT FUTURE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £1,294,615, exceeding the previous year's balance of £1,213,783. The charity reports no employees and states that overhead and administrative costs are underwritten by a company controlled by a trustee. The independent examiner confirmed that no matters came to their attention regarding compliance with accounting requirements.
What the accounts disclose
“The Trust’s policy is to maintain a small reserve as a contingency against operating and governance costs.”
Trustees
- DR CHAITANYA PATEL CBE FRCPchair
- Catherine Valenti
- Hannah Fontana
- KATHARINE PATEL
- KEVIN CRAIG
- MEERA PATEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £173k | £101k |
| 05/04/2024 | £246k | £165k |
| 05/04/2023 | £206k | £118k |
| 05/04/2022 | £316k | £267k |
| 05/04/2021 | £253k | £198k |
Common questions
Is THE BRIGHT FUTURE TRUST financially healthy?
The accounts state that unrestricted funds increased to £1,294,615, exceeding the previous year's balance of £1,213,783. The charity reports no employees and states that overhead and administrative costs are underwritten by a company controlled by a trustee. The independent examiner confirmed that no matters came to their attention regarding compliance with accounting requirements. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MANOUKIAN CHARITABLE FOUNDATION | 1 | £57k |
| CHK Foundation | 1 | £15k |