**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 2022**
## **OUR HIDDEN TREASURE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022**
||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 15|
## **OUR HIDDEN TREASURE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2022**
**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 2022**
## _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; 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 year 2021-2022 has been a difficult year globally, but a year of remarkable growth for our organisation and the children we support. We are pleased that we were able to step up and play a vital role in meeting the crucial needs of the community.
Over the year, 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 Occupational Therapy, Speech and Language Therapy, psychotherapy, social groups and so on.
The effects of the current recession are devastating to many families. Many have lost jobs, the cost of living has increased and even the average family is struggling to earth out money to pay for extra provisions. So imagine when parents need to provide on-going, expensive therapy and learning sessions for a child with Special educational needs. That’s where we are stepping in! We aim this year to ease the burden of struggling parents with our Sponsored Sessions Plan, and by offering substantial reductions for therapy and learning costs.
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. Their generous giving of time in Learning Support Assistance work, activity and group arrangement, facilitating, liaising, and event planning; we are so very grateful to each one of them.
Mr Wertzberger, Chairman
Page 2
## **OUR HIDDEN TREASURE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
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 2022. 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:
- a. The advancement of education
- 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:**
- 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.
- To provide support and advice to parents of children with learning and behavioural challenges thus empowering them to support their child’s development.
- 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.
- To provide support 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 LIMITED REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **Summary of past year’s achievements**
- Provision of Resources - we made resources available for teachers to be able to target all types of learners, including necessary equipment, and resources for effective reward systems.
- Tracking System - we were successful in planning and creating a methodical system to track learners’ progress and achievement to be able to keep a precise record of every student’s progress. This enables staff members of local schools to identify areas of strength and weaknesses in the learning of each student and any need for intervention is addressed accordingly.
- Teachers Training - in order to launch and implement the system effectively, we arranged a ‘teachers training convention’ for school staff and teachers, to educate them about the importance of keeping watch on each child’s development, how the system runs and allowed for teachers to revitalize their mission of teaching and building children.
- Networking - we provided a network for teachers and educators to liaise with relevant professionals.
- Parent-kid club - we created a club in a school environment where parents and their kids came together over the weekend to review what they learned in school over the week, do homework, or just spend time together in a fun and friendly environment. Its aim was to strengthen the involvement of parents in their children’s education.
- Parental Training - we held an event for parents to get them on board with our new development, and enabled partnership between parents and staff working with one goal. Even more, parents have gained training in relevant subject matters including giving encouragement to children, believing and trusting in their capabilities, showing an interest in their learning.
- Extra-curricular activities - continued running our special activities and programs, designed to bring out the strengths and talents of struggling children in a positive and fun environment and provided opportunities to help students develop sense of unity and teamwork.
## **Plans for future**
The trustees have set the following plans for the next year:
- Continued Support - according to feedback from the parent’s event, we will provide follow-up workshops on subjects of interest relating to child development, and provide a network for parents to liaise with relevant professionals.
- Social Awareness Event - we will be running a major event for school children, parents, and school staff, focusing on strengthening social skills and social inclusion in children and adolescents. Our main goal is to educate and prepare children and young adults to be socially inclined so that reaching adulthood; they will have the skills and confidence to be part of a community.
Page 4
## **OUR HIDDEN TREASURE LIMITED REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
- Community Forum - we plan on creating an online forum; where community members can share feedback, offer insights, ideas and suggestions, ask questions and be a part of supporting society's often-overlooked need for social awareness.
- Financial Support - we are aiming to offer up to 60% reduction for therapy or specialised learning costs to parents who are unable to pay the large sums of money that their child’s treatment plan is costing them, due to the current inflation.
- Sponsored Sessions - we strongly believe that every child should get the help they need. Where a child is affected by financial crisis and they cannot access the support they deserve, we will step in and sponsor the sessions, so they do not lose their opportunity to thrive.
- Our vision for this year is to expand our organization by; offering our services to more children and their parents; continue to broaden our education on relevant matters so we can be most effective and increase the level of resource and support which we are currently offering.
- We will upkeep our commitment of providing relevant education to parents and staff members, by holding a workshop led by professional financial coaches. This workshop is geared to teach parents how to manage their money in the most effective way during the Cost Of Living crisis; how financial strain can affect children; how to have a ‘Financial Wellness’ conversation with your child and more.
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
## **Financial Review**
The charity has seen major growth in the year ended 30 April 2022. Income for the year has increased by over 190% and expenditure on charitable activities has increased by over 250%.
## **STRUCTURE, GOVERNANCE 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.
Page 5
## **OUR HIDDEN TREASURE LIMITED REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **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 23 January 2023 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 2022**
I report on the accounts for the year ended 30 April 2022 set out on pages 8 to 15
## **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:
- Examine the accounts under section 145 of the 2011 Act.
- 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
- 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:
- keep accounting records in accordance with section 386 of the Companies Act 2006; and
- 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
23 January 2023 Page 7
## **OUR HIDDEN TREASURE STATEMENT OF FINANCIAL ACTIVITIES**
## **(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2022**
||||||||**2022**||**2021**|
|---|---|---|---|---|---|---|---|---|---|
||**Notes**|**Restricted**
**funds**
**£**|||
**Unrestricted**
**fund**
**£**||
**Total funds**
**£**|
|**Total funds**
**£**|
|**INCOME AND ENDOWMENTS**
**FROM**||||||33,172
106,852||||
|Donations and legacies|2||73,680||
||||55,582|
|**EXPENDITURE ON**
Charitable activities
3
Fundraising
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|||73,680
23,673
97,353
-
750
750
-
8,749
8,749
-
17,998
17,998
-
26,747
26,747||||||38,021
-|
||||||||||17,561
437|
||||||||||17,998|
The notes form part of these financial statements
Page 8
## **OUR HIDDEN TREASURE (REGISTERED NUMBER: 11297834) BALANCE SHEET AS AT 30 APRIL 2022**
|**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**2022**
**2021**
**Unrestricted fund**
**£**
**Unrestricted fund**
**£**
901
348
25,338
-
1,708
18,500
27,046
(1200)
(850)
25,846
17,650
26,747
17,998
26,747
17,998
26,747
17,998
26,747
17,998|**2022**
**2021**
**Unrestricted fund**
**£**
**Unrestricted fund**
**£**
901
348
25,338
-
1,708
18,500
27,046
(1200)
(850)
25,846
17,650
26,747
17,998
26,747
17,998
26,747
17,998
26,747
17,998|
|---|---|---|
||27,046
(1200)|(850)|
||25,846|17,650|
|||17,998|
|||17,998|
|||17,998|
|||17,998|
The notes form part of these financial statements
Page 9
## **OUR HIDDEN TREASURE (REGISTERED NUMBER: 11297834) BALANCE SHEET - CONTINUED AS AT 30 APRIL 2022**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 23 January 2023 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 2022**
## **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.
## **Tangible fixed assets**
Tangible fixed assets depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life: Computer Equipment - 25% on cost Office Furniture - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 11
## **OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **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.
## **2. DONATIONS AND LEGACIES**
||||**2022**|**2021**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
||**funds**|**funds**|||
||£|£|£|£|
|Donations|33,172|-|33,172|41,778|
|Local authority funding|-|73,680|73,680|13,804|
||33,172|73,680|106,852|55,582|
## **3. CHARITABLE ACTIVITIES COSTS**
|**Direct costs**
**Support costs**
**(See note 4)**
**(See note 5)**
**£**
**£**
Charitable activities
95,305
2,048
**4. DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2022**
£
Therapy & Learning Support Sessions
77,238
Grants made
1,900
Assessments
910
Parenting Workshop and Teachers’ Training
10,000
SEN Books & resources
1,854
After-school activities
3,403
95,305
|**Totals**
**£**
97,353
**2021**
£
15,310
-
-
20,000
1,639
302
37,251|
|---|---|
Page 12
## **OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **5. SUPPORT COSTS**
|Depreciation of Computer Equipment & Office Furniture (See note 8)
Office expenses
Travel expenses
Advertising
Governance costs
Support costs, included in the above, are as follows:
**Governance costs**
Independent Examiner’s Fees
Independent Examiner’s Other Fees
General expenses|**2022**
£
301
731
236
79
701
2,048
**2022**
**£**
250
350
101
701||**2021**
£
116
14
-
-
640|
|---|---|---|---|
||||770|
|||
|**2021**
**£**
250
350
40
640|
## **6. TRUSTEES’ REMUNERATION AND BENEFITS**
There were no trustees’ remuneration or other benefits neither for the year ended 30 April 2022, nor for the period ended 30 April 2021.
## **Trustees’ expenses**
There were no trustees’ expenses paid for the year ended 30 April 2022, nor for the period ended 30 April 2021.
## **7. STAFF COSTS**
There were no staff costs for the year ended 30 April 2022, nor for the period ended 30 April 2021. No employees received emoluments in excess of £60,000.
The average number of employees during the year ended 30 April 2022 was nil. The average number of employees during the year ended 30 April 2021 was nil.
Page 13
## **OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **8. TANGIBLE FIXED ASSETS**
|**Computer**
**Equipment**
**£**
**Cost**
At 1 May 2021
-
Additions
525
At 30 April 2022
525
**Depreciation**
At 1 May 2021
-
Charge for the year
131
At 30 April 2022
131
**Net Book Value**
At 30 April 2022
394
At 30 April 2021
-
**9. DEBTORS**
Accrued revenue
Other debtors
**10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals and deferred income|**Office**
**Furniture**
**£**
464
329
793
116
170
286
507
348
**2022**
**£**
21,738
3,600
25,338
**2022**
**£**
1200|**Total**
**£**
464
854
1318
116
301
417
901
348
**2021**
**£**
-
-
-
**2021**
**£**
850|**Total**
**£**
464
854|
|---|---|---|---|
||||1318|
||||116
301|
||||417|
||||901|
||||348|
|||||
Page 14
## **OUR HIDDEN TREASURE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 APRIL 2022**
## **11. 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**
**1.5.21**
**£**
17,998
-
17,998
as follows:
**Incoming**
**resources**
**£**
33,172
73,680
106,852|**Net**
**movement**
**in funds**
**£**
8,749
-
8,749
**Resources**
**expended**
**£**
24,423
73,680
98,103|**At**
**30.4.22**
**£**
26,747
-
26,747
**Movement**
**in funds**
**£**
8,749
-|**At**
**30.4.22**
**£**
26,747
-|
|---|---|---|---|---|
|||||26,747|
||||8,749||
## **12. RELATED PARTY DISCLOSURES**
There are no related party transactions requiring disclosure.
Page 15