Charity registration number 1174327 (England and Wales) SEN OPPORTUNITIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SEN OPPORTUNITIES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Nicholas Briggs Mary Briggs Richard Norman Roger Legale OBE Charity number 1174327 Prlncipal address First Floor, Sheraton House Lower Road Chorleywood Hertfordshire United Kingdom WD3 5LH Independent examlner Nicholas Corden Summers Morgan Sheraton House Lowèr Road Chorleywood Herts WD3 5LH
SEN OPPORTUNITIES CONTENTS Page Trustees, report Independenl examiner's report Statement of financial activities Balance sheet Notes lo the financial statements 6-11
SEN OPPORTUNITIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The charity was incorporated and registered wilh the Charily Commission on 21 August 2017 and the Trustees Present their report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing docvmenl, the Charities Acl 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. Objectlves and actlvltles The charity's objects are to advance the education for the public b8nefit of pèrsons under the age of 25 who have special educational needs through educational provision, occupational therapy, speech and language therapy, physiotherapy and additional help, care and assistanc8 whi¢h they may require to assist with their learning and development. The policies adopted by the charlly during the year have been in furtherance of these objects, and the trusl8ès have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achlevements and performance The charity had a quiet yèar due to personal circumstances affecting the Iruslees, ability to focus on th8 ¢harlty. The trustees remain committed to the charity's mission lo provide support to Organisations supporting SEND provision and families. Progress was made working with Chailey Heritsge Foundation on the concept of providing financial support to parents appealing to Local Authorities around placement and EHCP. A Memorandum of Understanding is belng finalis8d between Chailey Heritage Foundation and SEN Opportunilies for a fund that will support thè significant cosl of education tribunals. It is anticipaled that th8 fund will ¢omrnence fund applications in 2025. The trustees ar& activély seèking organisations with sustainable projects that would benefit from support from the charity.
SEN OPPORTUNITIES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal revlew As a young charity, the trustees. policy is to build up r8seNès to make the charity financially suslainable and to develop and progress suitable charitable activities they wish lo support. Whilst som8 activitl8s were supported during the period of these financial statements, charitable expenditure is likely to be increasing in the futur8. The trustees, reserves policy is therefore to only expend a maximum of 50QA of the charity's cumulative income until the charity finds a stable operating model in full support of the objects for which il was created. This stabilisation is expected to take several yeats after which the trustees will look to revise the reserves policy. Invèstmènt of free reserves is undertaken by the trustees in accordance wlth the charitS investmént policy to ensure the ongoing monitoring and review of investment performance. At 31 D8C8mb8r 2024, the level of avallable free reserves held was 2024 £122,321 (2023.. £118,303), all of whl¢h were unrestricled funds. The trustees have assessed the malor risks to which Ihe charity is exposed, and are satisfied that systems are in plac8 to mitigate exposur8 to the major risks. Structure, govornanca and management The charity is a charitable incorporated organisation controlled by its governlng document dated 18th August 2017. The charity number is 1174327 and the prin¢ipal address is Sheraton House, Lower Road, Chorleywood, W03 5LH. The trustees who served durlng thè year and up to the date of signature of the financlal statements were.. Nicholas Brig9S Mary Briggs Rlchard Norman Roger Legate OBE Apart from the first trustees of the charity, every Iruslee must be appointed by a r8solutlon passed al a properly convened meetin9 of the trustees. In selecting Indlviduals for appointrnent as trustees, the new trustees must have regard to the skills, kn¢)wledge and experience needed for the 8ffectlv8 adminlstration of th8 charity. New trustees are provided with a copy of the governing document and latest financial statements and annual report by means of Induction and training. None of the trustees have any beneficlal Interest In th8 charity. The trustees, report was approved by the Board ofTrustees on ..25 July. 2025 Nlcholas Brlggs Trustee
SEN OPPORTUNITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEN OPPORTUNITIES l Teport to the charity Iruslees on my examination of the financial statements of SEN Opportunities (the charity) for the year ended 31 December 2024, which are sel oul on pages 4 to 12. Responsibllities and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my 8xamination of the ch8rity's financial statements carried out under séction 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ibl of the 2011 Act. Independenl examlnerfs statèment I have completed my examinalion. I confirm that no matters have come to my attention in connection with the 8xamination giving me cause to believe that in any material respèct.. accounting records w8r8 not kept In respect of the charity as required by section 130 of th8 Charilias Act 2011. the financial statements do not accord wllh thos8 rècords- or the financial slat&ments do not comply with the applicable requirements concerning the form and content of financial statements sel out in the Charities {Ac¢ount5 and Reports) Regulations 2008 other than any requir8m8nt that th8 financial statements give a true and fair vlew, which is not a matter considered as part of an independent examination. I have no concèrns and have come across no other mallers in connèction with the examination to which allenlion should be drawn in this report rder to enable a proper und8rstsnding of the financial statements to be reached. Nlcholas Corden ACA Summers Morgan Sheraton House Lower Road Chorléywood Herts WD3 5LH Oaled:
SEN OPPORTUNITIES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrèstricted Unrestricted funds funds 2024 2023 Notes come from: Donations and legacies Investments 40 906 1,099 Total Income 1,099 946 ondlture on: Raising funds 311 275 Charitable aclivilies 1,964 44,653 Total r•sourc•s expended 2,275 44,928 Nel gains on investm8nts 11 5,194 4,818 Net Incomel(expondlture) & movement In funds 4,018 139,1641 Fund balances at 1 January 2024 118,303 157,467 Fund balances al 310ecember 2024 122,321 118,303
SEN OPPORTUNITIES BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Investments Current assets Cash at bank and In hand 13 96,524 91,082 27,237 28.661 Credltors: amount$ falllng due wlthln one year 14 (1,440) 11.440) N8t current assets 25,797 27,221 Total asuts less current liabllltles 122,321 118,303 In¢omo funds Unrestricted funds 122,321 118,303 122,321 118,303 The financial stal8m8nts were approved by the Trust88s on 25 July 2025 Nicho as Briggs Trust••
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles Charity Informatlon SEN Opportunities is a charitable incorporated organisation (CIO) registered with the Charity Commission. Its principal address is detailed within the legal and administrative section of the accounts. 1.1 Accounting convention The financial statements have been prepared in accordance with th8 charllls governing document, the Charities Act 2011 and 'Accounling and Reporting by Charities: Statement of Recommended Practice applicabl8 to charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland (FRS 102)" las amended for accounting periods commencing from 1 January 2016}. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken edvanlage of the provisions in the SORP for chariti8s applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial slatem8nts hav8 dèpartéd from thé Charities {Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a tru8 and fair vi8w. This departure has involved following the Statem8nt of Recommended Practice for charities applying FRS 102 rather than thé verslon of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since b88n withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slat8ments havé been prepared under the historical cost conv8nlion (modifièd to include Investment properties and certain financlal Instruments at fair value). The principal accountlng pollcies adopted are sel out below. 1.2 Golng concorn At the time of approving the financial statements, the Iruslees have a reasonable expectation that the charity has adequate resources lo continua in operational existence for the foreseeable future. Thus th8 Iruslèés continue lo adopt the going concern basis of accounting in preparing the financial statements. Th&re arè no material uncertainties about the charity's ability to continuè as a going concem. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 1.4 Incomlng resources Income is recognised when the charity is legally enlilled to il after any performance conditions have been met, the amounts can be measured reliably, and it is probable Ihal Income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require dèferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at Ihe lime of the donation.
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles {Continued) 1.5 Resources expended Exp8ndilure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in seltlemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir8Ct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo Ihal activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl with thè use of resources. Expenditure is recognised on thè accruals basis. All support and governanc8 Costs aré allocated to the primary charitable artivity of SEN Opportunities. Irrecovérable VAT is charged against the category of resources expended for which It was incurred. 1.6 Flxed assèt Investments Fixed assel inveslm8nts are initially measured al Iransacllon pric8 excluding transaction costs, and are subsequently measured al fair value at èach reporting dale. Changes in lair value ar8 récognised in net ncomellexpenditurel for the year. Transaction costs are expensed as incurred, 1.7 Cash and cash gqulvalenls Cash and cash equivalents include cash in hand, deposlts held at ¢all with banks, olher short-18m Ilquld investments with original maturitiès of three months or less, and bank overdrafts. Bank overdrafls are shown within borrowings in current liabiliti&s. 1.8 Baslc flnanclal assets Basic financial assets, which include d8blors and cash and bank balances, are inilially measured at transaction price including transaction costs and are subsequently caThied at amortised cost using the effective Interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of inleresl. Financial assets classified as receivable within one year are not amortised. Donatlons and legacles Unrestrlctèd Unreslricled funds funds 2024 2023 Oonalions and gifts 40
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investments Unrestrlctod Unrestricted funds funds 2024 2023 Interest receivable 1,099 906 Ralslng funds UnrestrSctod Unrestricted fund8 funds 2024 2023 Investment Managment Fees 311 275 311 275 Charltablo actlvltles Unr88trlcted Unrestricted funds funds 2024 2023 Grant funding of activities (see note 8) 42,740 Support Costs (see note 6) Govemance cosls (see note 6) 524 1,440 473 1,440 1,964 44,653
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support Governancè cost$ costs 2024 2023 Support costs 524 524 473 Independent examination fees 1,440 1,440 1,440 524 1,440 1,964 1,913 Analysed bètween Charitable activities 524 1,440 1,964 1,913 Govemance costs include payments to the accounlanls of £1,440 12023: £1,440) for independent examination and accountancy fees, Not movement In funds 2024 2023 The n81 movement in funds is slated after charging.. Fees payable for the independent 8xamination of the charity's financial statements 1,440 1,440 Granls payable Unrostrlcled Unreslricted funds fvnds 2024 2023 Grants lo institutions.. Strive Cafe Chailey Herilage Envoy Partnership 5,000 10,000 7,740 10,000 10,000 IPSEA 42,740 Trustees None of the trustees lor any persons Gonnected with them) received any remuneration or benefits from the charity during the year. 10 Employees The were no employees during the year.
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Net gains on investments Unrestrlcled Unrestricted funds funds 2024 2023 Revaluation of investments 5,194 4,818 12 Taxallon The charity is 8x8mpl from18xalion on its activities because all its income is applied for charitabl8 purposes. 13 Fixed asset Investments Llstad Inveslments Cash In portfollo Total Cost or valuatlon At 1 January 2024 Valuation changes Management feès Interest 66,644 5,194 24,438 91,082 5,194 1312) 559 (312) 559 At 31 December 2024 71,838 24,685 96,523 Carrylng amount At 31 December 2024 71,838 24,685 96,523 At 3108cember 2023 66,644 24,438 91,082 The historical cost of fixed asset investments as at 31 De¢embeT 2024 was £58,088 {2023'. £58,088) 14 Credltors: amounts falling due wlthin one year 2024 2023 Accruals and deferred income 1,440 1,440 10-
SEN OPPORTUNITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unre$trlcted funds The unrestricted funds of the charity comprise the unexpended balanc8s of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. In addition, unrestricted funds include income and net gains from investments. At 1 January 2024 Incomlng Resources resources expended Galns and losses At31 Docember 2024 General funds 118.303 1,099 12,275) 5,194 122,321 Prevlous yoar: At 1 January 2023 Incomlng Resourcos resources expended Galns and losses At31 Decamber 2023 General funds 157,467 946 144,928) 4,818 118,303 16 Related party transactSon8 During the year Ihere were no related party transactions 11