OpenCharities

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2022-03-31-accounts

ObjectivesandActiviti es
SORP reference
Summaryofthepurposesof Para 1.17 The objectoftheCIOistopromote mental
thecharity as set out inits improvement through the developmentof
governing document mathematically-based skills and critical
thinkingtoprepare young people fortheir
future livesfoundedupontechnology,in
particular but not exclusively by providing
opportunities for team-based learning
through competitions and other group
activities.
Summaryofthemain
activities in relation to those
Para'1.17and
1.19
Reporting period coincidedwithCOVID-19
pandemic when coaching and competitions
purposes forthepublic wereunabletobe held. Charity is in process
benefit, in particular, the ofregrouping and considering whether to
activities, projects or services close.
identifiedinthe accounts.
Statement confirming Para1.18 Thetrusteeshave been aware and havehad
whether the trustees have regard totheCharity Commission's public
had regard to the guidance benefit guidancewhenexercising any
issuedbytheCharity powers or duties to whichtheguidanceis
Commission on public relevant
benefit

SORP reference
The reporting period coincided inpartwith
COVID-19 pandemic when coaching and
competitionswereunabletobeheld.
Summaryofthemain
achievementsofthecharity,
Parc1.2O Duringnormaltimes,the charity relies onthe
identiffingthe difference the physical premises of schools for coaching
charity'sworkhas made to and competition.Ourteams are madeupof
thecircumstances ofits primary school students and our coaches
beneficiaries and any wider are secondary school students.
benefitstosociety asa
whole. The charity neither had accesstomaths
team members not maths teams coaches
duringthisperiod, either physicallyor
virtuallybecause schoolswentinto lockdown
and shut down afterschool activities,
includingthecharity's coachingand
competitions. Even after schoolswentback
toregular teaching, afterschool activities,
especiallythosebyoutside providers, were
curtailed. Manyofthe volunteersand
teachersthecharity depended on,asyvellas
thechildrenwhomakeupthe teamsand
coaches, had moved on during COVID-19.
Charity trustees are considering all options
atthispoint,includinq shuttinothecharitv.
Achievements against Para1.4'l
objectivesset
Performanceoffundraising
activities against objectives Para1.41
set
Investment performance Para1.41
against objectives

Other

FinancialReview
Review ofthecharity's Para1.21 The charity's financial situationwaslargely
financial positionattheend unchanged fromthestart totheendofthe
oftheperiod vear.
Statement explaining the Para 1.22 Reserveswereheld because they could not
policyforholding reserves be spent on regular charity activity. Trustees
stating why they areheld are considering next steps, whichwillinclude
considerationofwhattodowith the fundsin
reserve.
Amountofreservesheld Para 1.22 GBP5,572
Reasonsforholding zero Para 1.22 nla
reserves
Detailsoffundmateriallyin Para 1.24 nla
deficit
Explanation of any Para 1.23 Charity future uncertain duetoCovid-19
uncertainties about the pandemic and changesinthecircumstances
charity continuing asagoing those peoplekeytotherunning of the
concern charity.

The charity's principal
sourcesoffunds (including Para 1.47
any fundraising)
lnvestment policyand
objectives including any Para 1.46
social investment policy
adopted
Adescriptionoftheprincipal Para1.46
risksfacing the charity
Other

Description of charity's
trusts:
Typeofgoverning document Pa"a 1.25 Foundation Constitution
(trust deed. royal charter)
Howisthecharity Para 1.25 clo
constituted?
(e g unincorporated
associatronCIO)
Trustee selection methods Para 1.25 Apart from the first charity trustees, every
including detailsofany trusteemustbeappointed bya
constitutional provisionse.g. resolution passed at a properly convened
electiontopost or nameof meetingofthecharitytrustees.No new
anyperson or body entitled trusteeswereappointedinthereporting
toappoint one or more period
trustees

Policies and procedures
adopted fortheinductionand Para1.51
trainingoftrustees
The charity's organisational
structure and anywider Para1.51
network with which the
charity works
Relationshipwithany related Para1.51
parties
Other

Reference andAdmini strativedetails
Charitv name Maths Teams
Other namethecharitv uses
Reqistered charitv number 1180961
Charity's principal address Capital OfficeLtd
Kemp House
152-160 CityRoad
LONDON
EClV2NX
Trustee name Office (ifany) Datesacted ifnotfor whole
vear
Nameof person (or body) entifled
to appoint trustee (if anv)
Carola Maria Chair
1 Elisabeth Hoyos
2 Andrew Robert
Zielinski
Trustee
3 Lynnette Perry Trustee
4
5
6
7
I
I
10
11
12
13
14
't5
16
17
18
19
20

Recei and ntsaccounts ntsaccounts CG16a
For theperiod
from
To
SectionA Receipts and a ents
Unrestricted
funds
Restricted
funds
Endowment
funds
Totalfunds Lastyear
to the neareste to the nearest € to the nearestf to the nearest€ to the nearest€
Al Rece
5 5 5 557
AR) 5 5 5 567
Total receipts I
.l
c0ör
A3
Subtotal
A4 Asset andinvestment
ourchases.(seetable)
Subtotal
Total payments
Netofreceipts/(payments) E t 5 567
A5 Transfersbetween funds
46 Cashfundslast year end cco/ 5567
Cashfunds this year end 5572 5572 5 567
Unrestricted Restricted Endowment
Categories Details funds funds funds
tonearest € tonearest e tonearest e
BlCashfunds
Total cashfunds 5572
(agree balan€swith receiplsandpayments
acmunt(s))
Unrestricted Restricted Endowment
funds funds funds
Details tonearest € tonearest € tonearestf
82Other monetary assets
Details Fundto which
asset
Cost (optional) Currentvalue
83Investment assets
Details Fundto which Cost (optional) Current value
84 Assets retainedforthe
charity'sown use
Fund towhich Amount due When due
Details
B5Liabilities
Signed by oneor twotrusleeson
behalf ofallthe trustees
Signature Print Name Dateof
Carola Hoyos o6t0212023
Andrew Zielinski 06t02t2023
CCXX R2 accounts(SS) 2 2023-02-06