OpenCharities

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2024-03-31-accounts

ObjectivesandActiviti es
SORPreference
Summaryofthepurposesof Para1.17 The objectoftheCIOistopromote mental
thecharity as setoutinits improvement throughthedevelopmentof
governing document mathematically-based skills and critical
thinkingtoprepareyoungpeople fortheir
futurelivesfoundedupontechnology,in
particular but not exclusively by providing
opportunities for team-based learning
throughcompetitions and other group
activities.
Summaryofthemain
activitiesin relation to those
Para 1.17and
1.'t 9
Reporting period coincided withtheCOVID-
10aftermathwhencoachingand
purposes forthepublic competitionswereunabletobe held. Charity
benefit, in particular,the is in processofbeing closed down.
activities, projects or services
identifiedintheaccounts.
Statement confirming Para1,18 Thetrusteeshave been aware and havehad
whether thetrusteeshave regard totheCharity Commission's public
had regard totheguidance benefit guidance when exercising any
issued bytheCharity powers or duties to whichtheguidanceis
Commissiononpublic relevant
benefit

SORPreference
The reporting period coincided with
COVID-19 pandemic's aftermath when
coaching and competitionswereunable
Summaryofthemain
achievementsofthecharity,
Para1.20 tobe resumed.
identifyingthedifference the Duringnormaltimes, thecharity relies onthe
charity'sworkhas made to physical premises of schools for coaching
thecircumstances ofits and competition. Our teams are made upof
beneficiaries and anywider primary school studentsand ourcoaches
benefitstosociety asa are secondary school students.
whole.
The charity neither had accesstomaths
teammembers nor maths teams coaches
duringthisperiod.ltwasnot abletobe
restarted after schoolswentinto lockdown
and afterschool activities, including the
charity'scoaching and competitions, were
shutdown. Even after schoolswentbackto
regularteaching,afterschool activities,
especiallythoseby outside providers,were
curtailed. Manyofthevolunteers and
teachersthecharity depended on, aswellas
thechildfenwhomakeupthe teams and
coaches, had moved on during COVID-19.
Charity trustees are intheprocessof
shuttinq down the charity.
Achievementsagainst Para1.41
objectivesset
Performance of fundraising
activitiesagainst objectives Para1.41
set
lnvestmentperformance Para1.41
againstobjectives

FinancialReview
Reviewofthe charity's Para1.21 The charity's financial situationwaslargely
financialposition at theend unchanged fromthestart totheendofthe
oftheperiod vear.
Statement explaining the Para1.22 Reserveswere heldbecausethey couldnot
policyforholding reserves bespentonregular charity activity. Trustees
stating why they areheld are considering next steps, whichwillinclude
consideration of what to do with thefundsin
reserve.Webegantodonatethereservesto
similar charities and charitable organisations
with whichwehad workedwhileMaths
Teams operated. We also paid a small
number of expenses. The planistopaythe
restofthesums to two other charitiesthatdo
similar worktoMaths Teams,focusingon
national and local institutions andthenclose
thecharity. Arrangements tothatend are
beinq made.
Amountof reservesheld Para1.22 GBP 3923
Reasonsforholding zero Para1.22 nla
reserves
Details of fund materiallyin Para1.24 nla
deficit
Explanation of any Para1.23 Charity is being shut down. Funds will
uncertainties aboutthe continuetobe reallocated as per Charity
charity continuing as a going Commission guidance andagreementby
concern trustees.
Additionalinformatlon (optional)
Youm
choosetoincludefurtherstatements
where relevant about:
The charity'sprincipal
sourcesoffunds (including Para1.47
any fundraising)
lnvestmentpolicy and
objectivesincluding any Para1.46
social investment policy
adopted
Adescriptionoftheprincipal Para1.46
risks facingthecharity
Other

Description of charity's
trusts:
Type of governing document Pa"a 1.25 Foundation Constitution
,.lri.tSi ..1.)-],:j1.r,7tiilrr,lil--rr',
Howisthecharity Parc1.25 clo
constituted?
\'.1jriilrilr,,riri,:,;.lf al-l
.ltj1),i:l: -'r:
l,_'j
Trustee selection methods Parc1.25 Apart from the first charity trustees, every
including details of any trustee must be appointedbya
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 whichthe
charity works
Relationshipwith anyrelated Para1.51
parties
Other

Charity name Maths Teams
Other namethecharity uses
Registered charity number 1180961
Charity'sprincipal address 77 AIREDALE AVENUE
LONDON
W42NN

1 654 I 654
Subtotal 1 654 1 654
A4Assetandinvestment
purchases,(see table)
Subtotal
Totalpayments I654 1654
Netofreceipts/(payments) 1 654 I654 5577
A5Transfersbetweenfunds
A6 Cashfundslastyear end 5577 5577
Cashfundsthisyearend 3923 3923 5577
SectionBStatement ofassetsand liabilitiesat the end oftheperiod oftheperiod
Unrestricted Restricted Endowment
:l i,.'--lI :i;;: funds funds funds
to nearest € to nearest € tonearest €
BlCashfunds
Total cashfunds 3 923
(agree balanceswithreceipts and payments
account(s))
Unrestricted Restricted Endowment
funds funds funds
Details tonearest t tonearest € tonearest €
82Other monetary assets
Details Fund towhich Cost (optional) Current value
83Investment assets
Details Fund towhich Cost(optional) Curr€nt value
84Assetsretainedfor the
charity's ownuse
Fund towhich Amount due When due
Details
85 Liabilities
Signedbyone ortwotrustees on
behalfofall the trustees
Signature Print Name Dateof
Carola Hovos 03t04t2024
Andrew Zielinski 03to4t2024