## **THE TREEHOUSE TRUST** **----- Start of picture text -----**
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 [ST] MARCH 2021
__________________________________________________________________________________
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## **THE TREEHOUSE TRUST** REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Registration 07655828 Charity Registration 1143650 1 **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ Names of Trustees: Tim Hirst (Chair), Alison Robertson, Jane Randle, Lesley Carrington Names of Senior Staff: Lee Ryman, Sharon Julian Andrea Turner, Laura Lee Charity number: 1143650 Company number: 07655828 Registered Address: The Treehouse School 37 Wallingford Road Cholsey Oxfordshire OX10 9LG 2 **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ ## **CONTENTS** Chair’s Report Page 4 – 5 Report of the Trustees Pages 6 – 7 Independent examiner’s report Page 8 Statement of financial activities Page 9 Balance sheet Pages 10 - 11 Notes to the financial statements Pages 12 - 15 Detailed Income and Expenditure Account Pages 16 - 18 3 ## **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ ## **CHAIR’S REPORT** ## Dear Donors, Supporters and Friends, It seems like the last year has flown by in a series of fits, starts, lockdowns and isolations and yet, once again, our Treehouse School has emerged fighting fit, if a little wearied after our 9[th] year of successful operation. The good news was that the major challenge of the year was shared by the entire world – Covid! After years of innovation in terms of education we were arguably better placed than most to deal with the issues that a global lockdown brought to schools everywhere. Our incredible teachers swung into action immediately to assess the impacts and to develop a curriculum that would be educational, engaging and entertaining despite being delivered virtually. The whole gang fell in behind their lead to develop new materials, new communication tools, new approaches and new ways of making sure that the negative impact on the education of our children was minimised and all possible opportunities were seized. Despite many representations and applications all our requests for finance from the Government schemes were turned down – apart from a small contribution from the Job Retention Fund. The impact of the lockdowns meant that we were prevented from holding our regular fund-raising events – crucially the 10k and Bike Sale. This would prove just another hurdle for us to overcome. Once again, our loyal friends and supporters rose to the challenge. We managed to hold – mainly thanks to Sally & Paul Ecclestone – a virtual bike sale which managed to raise almost the same amount as when we were last able to hold it in reality. Many of the runners who had signed up to the 10k took part in a virtual 10km run and very few runners took up our offer of a refund. This is typical of both the generosity which the Treehouse spirit epitomises and the creativity and dedication of our very, very good friends. The main reason we all do whatever we can to be a part of the Treehouse is to support the education of the children. This year was particularly trying for everyone concerned from the parents unexpectedly having to restructure their entire lives to deal with the virus to the teaching staff using technologies, that were hitherto an adjunct to teaching methods, as the main means of teaching and to the children, so used to the Treehouse ways of team working, outdoor healthy living and positive interaction across the whole of our society. Only time will tell if the effects of this virus will extend beyond the immediate future but the way in which we have worked together to deal with novel and complex problems has been a valuable – if sometimes painful – learning experience for many of us. Every year we send another group of year 6 pupils onto the next stage in their education. We had to work even more assiduously than usual to ensure as smooth and happy a transition as possible. All 5 of our leavers were 4 ## **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ really unfortunate not to be able to enjoy the normal Treehouse celebration of their school journey with the whole Gang but we have since learned that the resilience they developed has prepared them well for the step up to ‘Big School’. We have also learned many lessons in the use of the Ferre Laever scales to ensure that all children are helped to maximise their own potential across all areas of the curriculum. Not least the fact that, by focussing on the Well Being and Involvement aspects we were able to work with the children to achieve a ‘catch up’ at rates not seen in mainstream education. This further underlines our confidence in, and commitment to, the ethos of keeping wellbeing and involvement at the heart of our approach to education. The evidence that we see, year after year, supports the idea that, when children are happy and engaged, they learn better. Tim Hirst 28 March 2022 5 ## **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ ## **REPORT OF THE TRUSTEES** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report together with the unaudited financial statements for the year ended 31 March 2019. The format and content of this report and financial statements comply with the requirements of the Companies Act 2006, the Company’s Memorandum and Articles of Association, the Charities Act 1993 and the Statement of Recommended Practice (SORP), ‘Accounting and Reporting by Charities’ 2005. The Treehouse Trust was incorporated on 2 June 2011 as a charitable company limited by guarantee with company registration number 07655828 and charity registration number 1143650. The Trust has achieved a great deal since it was set up largely due to the support and commitment of well over fifty volunteers. You can follow the progress of the school and trust on our website: www.thetreehouseschool.org.uk The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with Charity’s Memorandum and Articles of Association, applicable law and the requirements of the SORP issued in March 2005. ## **Structure, Governance and Management** The trustees, some of whom are also directors for the purpose of company law and who served during the year were Tim Hirst (Chair and Treasurer), Alison Robertson, Jane Randle and Lesley Carrington Trustees are elected by the Board to fill a vacancy or to enhance the particular skills of the Board. Potential Trustees are identified from a wide range of scholastic, business and professional fields and are considered against the Trust’s specifications concerning eligibility, competence and specialist skills. They are elected at a meeting of the Board. New Trustees are inducted by the Chairman of the Trust. Training is offered to all trustees. The Trustees are legally responsible for the overall management of the Trust and its objectives. The Company has no share capital and consequently no Trustee has any interest in the Company. The liability of the Trustees is limited to the extent of £1 each in the event of the Company winding up. ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The trustees, who are also the directors of The Treehouse Trust for the purpose of company law, are responsible for preparing the financial statements in accordance with the requirements of the Charities 6 ## **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ Act 2011 (“the Act”). The Trustees consider that an audit is not necessary for this year under section 122(20) of the Act. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently, - observe the methods and principles in the Charities SORP, - make judgements and estimates that are reasonable and prudent, and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small company exemption** This report has been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD T Hirst 22 March 2022 7 ## **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS __________________________________________________________________________________ ## **INDEPENDENT EXAMINER’ S REPORT TO THE TRUSTEES OF THE TREEHOUSE TRUST** I report to the Trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/21. ## **Independent examiner’s statement** I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act, and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect: - The accounting records were not kept in accordance with section 130 of the Charities Act; or - The accounts did not accord with the accounting records; or - The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 8 **THE TREEHOUSE TRUST** ## REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2021 __________________________________________________________________________________ |**INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**|**INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2021**|| |---|---|---| ||**31.3.21**|31.3.20| |Notes|**£**|£| |**TURNOVER**|**13,843**|12,955| |Cost of sales|**(9,231)**|(8,974)| |**GROSS SURPLUS**|**4,612**|3,981| |Administrative expenses|**(47,055)**|(52,285)| ||**(42,443)**|(48,304)| |Other operating income|**48,385**|54,199| |**OPERATING SURPLUS and**||| |**SURPLUS BEFORE TAXATION**|**5,942**|5,895| |Tax on surplus|**-**|-| |**SURPLUS FOR THE FINANCIAL**||| |**YEAR**|**5,942**|5,895| 9 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ ## **BALANCE SHEET 31 MARCH 2021** |Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Stocks
Cash at bank
**CREDITORS**
Amounts falling due within one year 6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account|**31.3.21**
**£**
**146,732**
**300**
**32,851**
**33,151**
**(948)**
**32,203**
**178,935**
**178,935**
**178,935**|31.3.20
£
147,413
300
31,313
31,613
(6,033)
25,580
172,993
172,993
172,993| |---|---|---| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: 10 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ - - ( ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2022 and were signed on its behalf by: T Hirst - Director 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021 ## **THE TREEHOUSE TRUST** __________________________________________________________________________________ ## **1. STATUTORY INFORMATION** The Treehouse Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - not provided Plant and machinery etc - 25% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Pension costs and other post-retirement benefits** 12 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 4 (2020 - 4). ## 4. **OPERATING SURPLUS** The operating surplus is stated after charging: ||**31.3.21**|31.3.20| |---|---|---| ||**£**|£| |Depreciation - owned assets|**681**|2,493| 13 ## **THE TREEHOUSE TRUST** ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021 __________________________________________________________________________________ |5.|**TANGIBLE FIXED ASSETS**|||| |---|---|---|---|---| ||||**Plant and**|| |||**Land and**|**machinery**|| |||**buildings**|**etc**|**Totals**| |||**£**|**£**|**£**| ||**COST**|||| ||At 1 April 2020|||| ||and 31 March 2021|**144,689**|**16,618**|**161,307**| ||**DEPRECIATION**|||| ||At 1 April 2020|**-**|**13,894**|**13,894**| ||Charge for year|**-**|**681**|**681**| ||At 31 March 2021|**-**|**14,575**|**14,575**| ||**NET BOOK VALUE**|||| ||At 31 March 2021|**144,689**|**2,043**|**146,732**| ||At 31 March 2020|144,689|2,724|147,413| |6.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**31.3.21**|31.3.20| ||||**£**|£| ||Taxation and social security||**948**|948| ||Other creditors||**-**|5,085| ||||**948**|6,033| 14 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ ## 7. **ULTIMATE CONTROLLING PARTY** The controlling party and the ultimate controlling party are not known. The company is Limited by Guarantee so there are no shareholders and no persons with significant control. 15 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS ## FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ |**31.3.21**
**£**
**£**
**Sales**
**13,843**
**Cost of sales**
Opening stock
**300**
Purchases
**9,231**
**9,531**
Closing stock
**(300)**
**9,231 **
**GROSS SURPLUS**
**4,612**
**Other income**
Fundraising
**16,707**
Donations received
**15,791**
Ancillary income
**4,992**
Costs re non trade income
**(951)**
Gift Aid
**6,080**
Government grants
**2,966**
Other grants
**2,800**
**48,385 **
**52,997**|31.3.20
£
531
8,743
9,274
(300)
22,553
32,788
8,855
(9,997)
-
-
-|£
12,955
8,974
3,981
54,199
58,180| |---|---|---| 16 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ ## **Expenditure** |Rates and water|**418**|522| |---|---|---| |Light and heat|**436**|1,858| |Employees and freelancers|**38,438**|31,977| |Pensions|**1,179**|530| |Telephone, internet etc|**1,538**|1,183| |Motor expenses|**659**|1,201| |Licences and insurance|**1,138**|1,485| |Training, books, etc|**544**|2,212| |Repairs and renewals|**175**|964| |Sundry expenses|**419**|360| |Accountancy|**860**|1,200| |Professional fees|**570**|6,300| |Depreciation of tangible fixed assets||| |Motor vehicles|**285**|1,710| 17 ## **THE TREEHOUSE TRUST** DETAILED INCOME AND EXPENDITURE FOR THE FINANCIAL STATEMENTS FOR THE YEAR END MARCH 2021 __________________________________________________________________________________ |**31.3.21**
**£**
**£**
Brought forward
**46,659**
**52,997**
Computer equipment
**396**
**47,055 **
**NET SURPLUS**
**5,942**|31.3.20
£
51,502
783|£
58,180
52,285
5,895| |---|---|---| 18