REGISTERED COMPANY NUMBER: 11297834 (England and Wales) REGISTERED CHARITY NUMBER: 1181037
OUR HIDDEN TREASURE
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021
OUR HIDDEN TREASURE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Chair’s Statement and Report of the Trustees | 2 to 6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 14 |
OUR HIDDEN TREASURE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2021
TRUSTEES Mr A Wertzberger Mr M Halpern Mr P A Taub REGISTERED OFFICE 17A Amhurst Park London N16 5DH REGISTERED COMPANY NUMBER 11297834 (England and Wales) REGISTERED CHARITY NUMBER 1181037 BANKERS Barclays Bank Plc. 1 Churchill Place London E14 5HP INDEPENENT EXAMINERS STA Accounting Ltd 149 Albion Road London N16 9JU
Page 1
OUR HIDDEN TREASURE CHAIR’S STATEMENT FOR THE YEAR ENDED 30 APRIL 2021
Every child is a treasure shining in its unique way. Some treasures are more hidden. Nonetheless they have equal right to be discovered so their potential can shine forth.
It is very clear that every person has their own capabilities and strengths. Children who are capable of less, are not expected to reach the achievements of their peers, but to do their best . In our school systems there are children who are behaviourally challenged, underachieve academically and feel misunderstood. Our mission is to ‘level the field’ through the provision of supplementary learning sessions and materials, as well as emotional aid to those children who are behaviourally challenged. Teachers and parents are constantly supported, given the tools to understand the individual child and ensure their particular needs are met.
This past year 2020-2021 has been a remarkable year of growth for our organisation and the children we support. The demand for our services has risen drastically, which we believe is a consequence of Covid-19. We are pleased that we were able to step up and play a vital role in meeting the crucial needs of the community.
Furthermore, we granted 20%-30% reductions on the high costs of extra educational and emotional support or therapies. This vital assistance enabled these disadvantaged children to reach educational milestones, improve their self-esteem and reach their potential.
We were the go-to for many families, who found themselves lost in the foreign world of ‘getting the right help’. We worked in partnership with various agencies, finding suitable treatment and care for each child’s needs, whether it was OT, SLT, psychotherapy, social groups and so on.
Our amazing volunteer team is at the heart of our work. Without their unwavering commitment and steel stubbornness to help make a difference, we would not be where we are today. They generously gave of their time in LSA work, activity and group arrangement, facilitating, liaising, event planning; the list is endless, and we are so very grateful to each one of them.
Along with our organisation growth; we must applaud every single one of the parents who we have collaborated with over the year, for working along with us with patience and dedication and giving us the confidence and trust in supporting their children. We must also thank the schools for steadfast commitment, cooperation and care, and for enabling us to make a difference. We could only have attained this growth with your generous support, input and feedback. Lastly, a huge ‘Thank You’ to all our supporters who donate and help spread the word about our work – we think you are all amazing and quite simply without you, we could not continue to do what we do!
Mr Wertzberger, Chairman
Page 2
OUR HIDDEN TREASURE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year to 30 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Reference and administrative details
Reference and administrative details are shown on Page 1 of the financial statements and forms part of this report.
OBJECTIVES FOR PUBLIC BENEFIT
The objects of the charity are:
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a. The advancement of education
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b. The relief of those in need by reason of youth, age, ill-health, disability, financial hardship, or any other disadvantage.
The trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.
ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
Our Hidden Treasure’s mission is:
To help disadvantaged children, especially those who have special educational needs (SEN), through the provision of supplementary learning sessions and materials, as well as emotional support to those children who are behaviourally challenged. Furthermore, to provide parents with guidance and financial support towards the high costs of extra educational and emotional support or therapies. This vital support will enable these disadvantaged children to reach educational milestones, improve their self-esteem and reach their potential.
Our strategic aims are:
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To provide support for children with SEN or to those who fall behind academically, enabling them to reach their maximum potential by providing a holistic approach to their learning.
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To provide support and advice to parents of children with learning and behavioural challenges thus empowering them to support their child’s development.
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To work with children’s teachers and Key Workers to help them better understand the challenges facing children with SEN and to provide them with special educational and behavioural training.
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To provide support to for children with emotional issues. Including children who underachieve academically at school, or who feel misunderstood at home or school. Support will be provided to teacher and parents, by giving them tools to understand the child and ensure that their particular needs are met.
Page 3
OUR HIDDEN TREASURE
REPORT OF THE TRUSTEES – CONTINUED
FOR THE YEAR ENDED 30 APRIL 2021
Summary of past year’s achievements
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Covid-19 impacted outcomes for children with learning difficulties whose special educational provision was disrupted. Some children are suffering from trauma and anxieties brought on by the pandemic. We put a strong focus on strengthening children’s resilience, helping them manage their anxieties and fears and being able to function during challenging times.
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We had a parents evening with a goal of making parents aware of the impact Covid-19 had and has on children. This gave many parents clarity and insight about their children’s behaviours, confusion and concerns, social difficulties, and any puzzling subtle or significant changes in their child, which have developed over the period of Covid-19.
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Getting back to school and back into learning has been extremely difficult for many school children, specifically those who were struggling prior to schools shut-down, with academic or social challenges. We introduced to schools a new and exciting reward system designed to encourage students to give every opportunity at school their very best. This system took off with a very good start and we saw great improvement in attitude of many children.
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Through teachers training workshops, we created awareness of how to recognise signs of children in emotional distress and when and how to refer pupils for professional help. Provision of training sessions on topics of importance such as ‘helping children cope with fears and anxieties’, and on ‘how to boost learning and ensure best outcomes for children with educational needs, have been extremely beneficial, and will be provided continually.
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We ensured user access to their designated LSA or therapy sessions. We introduced a secure online and phone system so that children impacted by Covid-19 could continue their sessions virtually with digital access. This enabled therapy sessions and hand-overs to stay consistent even in those uncertain times.
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Seeing the effect of school closure on children due to Covid-19, the charity began supporting children’s reintegration directly through peer support groups and mentor support. Parents were offered advice workshops with practical advice and guidance on how to help their child integrate back into school, how to promote their wellbeing and how to deal with any behavioural fallout due to the pandemic.
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In addition, the charity has been assisting parents who are in financial difficulties due to redundancies or other economic effects of the lockdown. We provided financial assistance for various therapies or learning sessions their child required.
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The charity also provided specialised activities, social groups, woodworking sessions and more, to boost children’s self-esteem and focusing skills.
Page 4
OUR HIDDEN TREASURE REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 30 APRIL 2021
Plans for future
The trustees have set the following plans for the next year:
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Extra-curricular activities – to continue running our special activities and programs, designed to bring out the strengths and talents of struggling children, in a positive and fun environment, and to provide opportunities to help students develop sense of unity and teamwork.
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Parent-kid club – to create a club in a school environment where parents are encouraged to review with their child what they learned in school during the week, do homework, or just spend time together in a fun and friendly environment. This will take place over the weekend and will aim to strengthen the involvement of parents in their children’s education.
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Provision of resources – to make resources available for teachers to be able to target all types of learners, including necessary equipment and resources for effective reward systems.
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Tracking system – to innovate a methodical system to track learner’s progress and achievement to enable keeping precise records of every student’s progress. This will enable staff members of local schools to identify areas of strength and weaknesses in the learning of each student, and any need for intervention will be addressed accordingly.
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Teachers Training - In order to launch and implement the system effectively, we will arrange a ‘Teachers Training Convention’ for school staff and teachers etc., in order to educate them of the importance of monitoring each child’s development, how the system will run, and allow for teachers to revitalize their mission of teaching and building children.
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Networking - we will provide a network for teachers and educators to liaise with relevant professionals.
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Parental Training - we will run an event for parents to get them on board with our new development, and to enable the partnership between parents and staff ensuring goal congruence. Moreover, parents will be empowered by training in relevant subject matters including giving encouragement to children, believing and trusting in their capabilities, showing an interest in their learning and more.
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Continued Support - according to feedback from the parent’s event, we will provide follow up workshops in subjects of interest relating to child development and provide a network for parents to liaise with relevant professionals.
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OUR HIDDEN TREASURE REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 30 APRIL 2021
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. The reserves for the year are at a healthy level; representing approximately 6 months running costs.
Financial Review
The charity has seen major growth in the year ended 30 April 2021. Income for the year has increased by over 250% and expenditure on charitable activities has increased by 150%.
STRUCTURE, GOVENANCE AND MANAGEMENT
Governing document
The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 14 March 2018.
Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.
Risk management
The trustees have carried out a risk assessment and confirm that there are no major risks to which the charity is exposed.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26 January 2022 and signed on its behalf by:
Mr A Wertzberger – Trustee
Page 6
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF OUR HIDDEN TREASURE FOR THE YEAR ENDED 30 APRIL 2021
I report on the accounts for the year ended 30 April 2021 set out on pages 8 to 14
Respective responsibilities of Trustees (directors) and Examiner
The company’s trustees, who are also the directors, are responsible for the preparation of the financial statements and they consider that the company is exempt from an audit for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act.
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To follow the procedures laid down in the general directions given by the Charity Commission Under section 145(5) (b) of the 2011 Act and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair” and the report is limited to those matters set out in the statement below.
Independent Examiners statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respects the requirements:
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keep accounting records in accordance with section 386 of the Companies Act 2006; and
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To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities Have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent Examiner Simon Tesler F.C.A Chartered Accountant ICAEW STA Accounting Ltd 149 Albion Road London N16 9JU
25 January 2022 Page 7
OUR HIDDEN TREASURE STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2021
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | Restricted funds £ |
Unrestricted fund £ |
Total funds £ |
Total funds £ |
|||||
| INCOME AND ENDOWMENTS FROM |
41,778 55,582 |
||||||||
| Donations and legacies | 2 | 13,804 | 15,750 | ||||||
| EXPENDITURE ON Charitable activities 3 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
13,804 24,217 38,021 - 17,561 17,561 - 437 437 - 17,998 17,998 |
15,063 | |||||||
| 687 (250) |
|||||||||
| 437 |
The notes form part of these financial statements
Page 8
OUR HIDDEN TREASURE (REGISTERED NUMBER: 11297834) BALANCE SHEET AS AT 30 APRIL 2021
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2021 2020 Unrestricted fund £ Unrestricted fund £ 348 - 18,500 937 (850) (500) 17,650 437 17,998 437 17,998 437 17,998 437 17,998 437 |
2021 2020 Unrestricted fund £ Unrestricted fund £ 348 - 18,500 937 (850) (500) 17,650 437 17,998 437 17,998 437 17,998 437 17,998 437 |
|---|---|---|
| 17,650 | 437 | |
| 437 | ||
| 437 | ||
| 437 | ||
| 437 |
The notes form part of these financial statements
Page 9
OUR HIDDEN TREASURE (REGISTERED NUMBER: 11297834) BALANCE SHEET - CONTINUED AS AT 30 APRIL 2021
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable 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 charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on 25 January 2022 and were signed on its behalf by:
Mr A Wertzberger – Trustee
The notes form part of these financial statements
Page 10
OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income received by way of donations is accounted for when received. Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
There are no material uncertainties about the charity’s ability to continue.
Page 11
OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2021
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total funds | Total funds | |||
| funds | funds | |||||
| £ | £ | £ | £ | |||
| Donations |
41,778 | - | 41,778 | 2,100 | ||
| Local authority funding | - | 13,804 | 13,804 | 13,650 | ||
| 41,778 | 13,804 | 55,582 | 15,750 | |||
| 3. CHARITABLE ACTIVITIES COSTS | ||||||
| Direct costs | Support | costs | Totals | |||
| (See note 4) | (See note 5) | |||||
| £ | £ | £ | ||||
| Charitable activities | 37,251 | 770 | 38,021 | |||
| 4. DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Therapy & learning sessions | 15,310 | 13,650 | ||||
| Parenting Workshop | 10,000 | - | ||||
| Teachers’ Training | 10,000 | - | ||||
| SEN Books & resources | 1,639 | 1,150 | ||||
| After-school activities | 302 | - | ||||
| 37,251 | 14,800 | |||||
| 5. SUPPORT COSTS | ||||||
| £ | ||||||
| Depreciation of office furniture & fixtures | 116 | |||||
| Office expenses | 14 | |||||
| Governance costs | 640 | |||||
| 770 | ||||||
| Support costs, included in the above, are as follows: | ||||||
| Governance costs | 2021 | 2020 |
||||
| Charitable activities | Total activities |
|||||
| £ | £ |
|||||
| Accountancy fees | - | 250 | ||||
| Independent Examiner’s Fees | 250 | - |
||||
| Independent Examiner’s Other Fees | 350 | - |
||||
| General expenses | 40 | 13 |
||||
| 640 | 263 |
Page 12
OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2021
6. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits neither for the year ended 30 April 2021, nor for the period ended 30 April 2020.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 April 2021, nor for the period ended 30 April 2020.
7. STAFF COSTS
There were no staff costs for the year ended 30 April 2021, nor for the period ended 30 April 2020. No employees received emoluments in excess of £60,000.
The average number of employees during the year ended 30 April 2021 was nil. The average number of employees during the year ended 30 April 2020 was nil.
8. TANGIBLE FIXED ASSETS
| Office Furniture & Fixtures £ Cost At 1 May 2020 - Additions 464 At 30 April 2021 464 Depreciation At 1 May 2020 - Charge for the year 116 At 30 April 2021 116 Net Book Value At 30 April 2021 348 At 30 April 2020 - 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Accruals and deferred income 850 |
Total £ - 464 464 - 116 116 348 - 2020 £ 500 |
Total £ - 464 |
|---|---|---|
| 464 | ||
| - 116 |
||
| 116 | ||
| 348 | ||
| - |
Page 13
OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2021
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Restricted funds TOTAL FUNDS |
At 1.5.20 £ 437 - 437 as follows: Incoming resources £ 41,778 13,804 55,582 |
Net movement in funds £ 17,561 - 17,561 Resources expended £ 24,217 13,804 38,021 |
At 30.4.21 £ 17,998 - 17,998 Movement in funds £ 17,561 - |
At 30.4.21 £ 17,998 - |
|---|---|---|---|---|
| 17,998 | ||||
| 17,561 |
11. RELATED PARTY DISCLOSURES
There are no related party transactions requiring disclosure.
Page 14