REGisfERED COMPANY NUMBER: 08898749 IEn8land and Wales)
REGISTERED CHARITY NUMBER.. 1183887
MATHSMAKERS
(A componylimitedby guamnteej
REPORT OF THE TRUSTEE5 AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

MATHSMAKERS
(REGISTERED COMPANY NUMBER 088987491
(A componyllmlted by guarnnteej
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 IULY 2024
P￿e
Company Infomiatlon
Report of the Trustees
2-10
Independent Examinerfs Report
li
Statement of Financial Activities
12
Balan¢0 Sheet
13
Notes to the Financial Statements
14-20

MATHSMAKERS
IREGISTERED COMPANY NUMBER 088987491
rA compuny Ilmlted bygvuTonteeJ
REFERENCE AND ADMINISTIiATION INFORMATION
FOR THE YEAR ENDED 31 JULY 2024
Trustees
Michelle lee
Helena Mullin5
Rachel Wrlght
Mine Bayar
Tasmin Grosvenor
Lara Stanley
Independent Examiner
M Koureas FCCA
Hetherln8ton and Co
289 Green L2nes, palme￿ Green
London N13 4XS
Banker5
5antander UK plc
Bridle Road, Bootle
Merseyside
L30 4GB
Prlnclpal offlce and reglstered offlce addiess
658 Finchley Road
London
NWII 7NT
Req15tered charity number
1183887
Reglstered company number
08898749 (England and Wale51

MATHSMAKERS
IREGISTERED COMPANY NUMBER 088987491
IA company limited by guaranteel
TRUSTEES, REPORT
YEAR ENDED 31 JULY 2024
The Trustees are pleased to present thelr report and the unaudSted fTnanaal stat&rnent5 forthe year to 31st Julv
2024.
The referen￿ and administrativè information set out on page i forms part of this report.
The Charltable Company obtalned charitable status from HMRC on 2nd May 2D19 and on 13th June 2019 was
registered a5 a ¢harity with the Charities Commission Icharity number 11838871.
The Charitable Company has prepared its accounts to comply with its Memorandum and Articles of Assotlation and
in accordance with the 'Accounting and Reporting by Charities, Statement of Recommended Prattice applicable to
Charities preparin8 their accounts In accordance with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland IFRS 1021 leffertive I'january 20151. the Companies Act 2006 and the Charities Act 2011.
Structure. 2ovemance and management
Governing Document
The Charitable Company 15 governed by its Mernorandvm and Artieles of Associatlon and is a Company limited by
guarantee with no share capital.
Trustees
A Trustee 15 a membtr of the Board of Trustees of the Charlty and a Director for the purposes of the Companles Act 2006.
The Trustee5 who held office during the YearWe￿ as follows..
MichÈlle Lee
Helena Mullins
Rachel Wrt8ht
Mine Bayar
Gillian Roberts- Resigned 09/11/2023
Tasmin GrosvenDr-Appointed 19/04/2024
Lara Stanley-Appointed19/04/2024
TrusteeAppointment
The power of appointing new Trustees is VE5ted in the exlstlng Trustees. Poterttial nèwrruste￿ are identified bv
professional recommendation and are selected and appointed followin8 a vettin8 procedure undertaken bythe
TrustEes.
Orgonisotiongl structure
The Trustees must hold a meeting at least once a year and every truste2 has one vote on each issue with the
Ch3irman holding the casting vote.
The Trustees, meetln8 at least once a year and more frequently when ne£essaryJ are the decision-making body.
The Trustèes do not receive 3ny remuneration.

MATHSMAKERS
(REGISTERED COMPANY NUMBER 088987491
IA company Ilmited by guaranteel
TRUSTEE5' REPORT
YEAR ENDED 31 JULY 2024
Pubfic Benefft
The Charity Commission in its Charities and Public Benefit Guid3nce require5 that there are two key principles to be
met to show that an organisation's 6im5 are for the public benefit. Firstlyj there must be afj idEntifiable benefit.
Secondly, the benefit must be to the public or a section of the public.
The Trwtees confirm that in setting the Charity's objectives and in planning its activities, that they have had due
regard to the ChaTlty Commis5ion'5 guidance on public benefit when reviewing the Charitable Companvs 3ims and
oblectives.
The Trustees are $4t15fied that the Charitable Comparty has met the requirements of the public benefit guidance,
Oblectlves and actlvStles for the publlc benèfit
The objective5 Df the Charitable CDrnpany. Math5Mzkers, are tD a(fvance and promote mathematic5 education for
disadvantaged young people in England. Success in mathematics at school is essential lor developing the confidence
and skills thai enable young people to access future educatlon and work opportunitles. Mèthsmakers work5 Wlth
children and young peDplÉ aged 10-17. Our mission is to help them develop a more positive attitude to maths
learning and improve their attainment.
Schools endeavctur to provide a good education for all students, In doin8 $0, they face signlficant challenges due to
curriculum pressures, resource constraints and the wlde range of needs of the students they teach. A% a result, most
students need extra help. including pe￿OnaliSed attention and a chènce to work at 3 slower pace. Som& students
receive this throLtgh their family support but many rely on additional support organised thrtsu8h their School.
Mathsmakers partnEf5 Wlth 5choo15 to deliver math5 intervention programme5 during school time, after schgol and
on weekends and school holTrdays.
Mathsmakers priorit15es support for disadvantaged students and those whose attainment is significantly below
National Curriculum expectations. The m3jority183% In 20231241 of our students are on Free School Mea15 IFSMI,
have Speclal Educatsonal Need5 and Disabilitie5 ISENDI or have English as an Additional ￿nguage IEALI.
Only 30% of students on FSM achieve grade 5 Engllsh and Maths GCSES compared to almost double that for non-
di5adv8ntaged children in England. MathsMaker5 work5 With schools in order to reduce the attainment gap and help
improve the life chances and cholces of students who are performing below Natlonal Curriculum expecratlons.
Math5Maker5 programmes
Mathsmakers delivers online and in-person maths interventlon programmes in small groups. Programmes run for 12
weeks durlng whlch students have one hour of teathing eaeh week, in addition to acce55 to home learning resources.
The students are selected by thèlr schoD15 to participate in the pro8ramrnE5. Mathsmakers work5 closely with
each school to ensure that programmes are tailored to the students. needs.
Our intervention programmes focus on improving srudents. knowledge. skills and confldente In core
mathematlcs toplcs. and preparing them fortheir Key Stage 2 SATS test5 and GCSE exams,
Students are given personalised attentlon to help them en8a8e in a more positlve and active way with their
learniN8.

MATHSMAKERS
IREG15TERED COMPANY NUMBER 088987491
{A company Ilmlted by guarantee)
TRUSTEES, REPORT
YEAR ENDED 31 JULY 2024
Student5 participate in online programrnes in groups of four. Most loln wlth mlcrophones and cameras
swltched on. The small-group arrangement creates a supportive, artive learning environment and facilitstes
positive interaction between the students and teacher.
In-person programmes are designed for group% of ten students. students benefit from d05e attention Irom
thelr Mathsmakers instructor. They also receive additional support from maths mentors who work with them
one-on-one Qr in pairs so thatthey stay fully engaged in thelr learning.
Mathsmakers recruits math5 ment¢rs from among Sixth-Form students. All mentors recelve pre-prograrnme
training and weekly guidance. Sixth-Form student5 who wolunteer with Mathsmakers gain valuable work
experience. They develop interpersonal and employ3bllity skills. They can use their experience tts 5trength¢n
their applications for university and work opportunities. Some a150 gain accreditation through programmes
such as the Duke of EdinbU￿h awards.
2023124 Achievements and performance of the tharity forthe public benefit
2023124 was another 5tron8 year for Mathsmakers. As in the prevlous year, we worked with 560 student5. 83% of
whom were disadvantaged IFSM, SEND or EALI. Thls percentage was slmllar to that in 2022122 when it was 80%. In
2023124. the percentage of EAL students went up from 50% tg 58%.
The average attendance across all programmes in 2023124 was 79%. For online programmes the average attendante
W35 78% and for in-sthool programmes it was 82%.
Over 8$% of students who attended our programmes improved thèir attainment in the maths topics we revised with
them. This improvernent rneant that the 5tudellts were in a better position to access their school maths lessons and
participate more actively in their learnlng. 5orne students were able to move up a set in school and achieve betrer
grades in their GC5E exams. For some. the additional Mathsmakers 5UPPOrt meant the difference between failing
and passing their GCSE Maths.
In addition to helplng students improve their maths knowledge, skills and attainment, Mathsmakers programmes
had a signlficant impact on Students, attiludes to1earning and their Confidence levels. Feedba¢k from schools
pointed to students becoming morÈ willing to ask and answer questions in cla55.
Sample feedback from school5'.
-Pupi1s who uttended MathsMfjker5 progr(FmmÉs hove shown signffficont Fmprovements in their moths lessons.
theygL7ined confidence, leoding to more octivepurticfpotion onrl betterproblem-solving skills. This hJs resulted
ftn o deeper underst£7ndFng of moths concept5 ando Posfftive uttitude towurds the subject. We notfttedon
improvecl arudemFcperformt7nce ondo more en9uging cljssroom atmosphere 05 a result.'_ Grange Prirnary
School. Harrow.
°Overoll student5 showon increased confidence in beginning questions. and are more confident in answering
questions in closs. Students seem more at eose with Muths ond tr￿ occppting that they mighth'nd questions or
topics trickyi but have the obility to persevere o bit more. Students who ottended Mathsmakers mode more
progress between ossessment points when compared to theirpeer5."
Hatch End High School.
Yhe children'5 confidence when dealing with moths was definitely b005ted. They developedreolly good
relution5hips Wlth the Year 11 voluntee￿. The communication with MothsMoker5 Wa5 alwoys very cleorond
thg sessionsseemed to 90 flt o goodpoce.-
GeorBe Eliot School. Wèstminster.

MATHSMAKERS
(REGISTERED COMPANY NUMBER 088987491
IA cornpany limited by guarantee)
TRU5TEES' REPORT
YEAR ENDED 31 JULY 2024
e hove used Muth5Mokersfor manyyeor5 nowundfind their commitment to our student5 und their
progress commendtsble. Students come owt7yfrom the sessionsfeeling more confidenr ondmotivoted in mrths
GndreullYopprec￿te the time, uttentlon and supportprovided. On top tsf thls. when looking at our rest dtlru.
we hgvefound thot, on overoge, the gop between the test S￿￿￿$for the whole cohort und those who
pDrticipoteditJ Mathsmokers decreuses."
Nower Hill High School, Harrow.
-Mt7t175Mokers Stond out os on oryt7nisrJtion... We are very hoppy with the portnership we hove with
Mothsmokers ond would highly recommend their tutoring progromme to schools.~
Friern Barnet
e have seen thot the pupils who toke port in the MuthsMLJkers course proore5s extremely well in
compurison wlth theiipeers. I C￿n￿Otpr&1$e this progrJnJme hi9hty enough.. they ore dolng excellent work und
we are proud to bE working olongside therrj."
Harrow School
In feedbatk from students. over 94% sald they felt they made good or very good progress during their Mathsmakers
pro8ramme. Also, the majority of students said th8t the programme en3bled thern to feel more confident about
askin8 questions and discussin8 theirwork durin8 tutorials.
Sample feedback from students..
-MothsMoker5 reolly helped me 05 l wejk in Moths butl reolly wunted to get 9ood9rude5 in my GCSEond
I w05 grtrteful to hovE these 5essions.°
°The stuff we hrJvE leornt hos rnrjde me better thon mDStof the people in my maths class."
°rhey helped me muth5 und now l (Tm much more confidentlllj
Yeochers urefriendly ondftf you don'tget the question theyrepeLTt It Q5 mLTny times 05 VOU wqAJt."
trhey teach very well. We could pt7SS the exams.
Feedback from parents was also consistently positive. and parents were 8rateful for the extra sUPPOrt thetr child
received during MathsMaker5 pro8ramme5.
Sample feedback from parents.,
-such support during the holidoys is wonderful. Myson will definitely do betterot school. He will be more
corjfident ond will Jlrecldy know something to sturt with. He wos very pletssed ondsuch c1055e5 will give him
self-confidence becou5e he doe5 notfeel confidfnt in mothem(ptics.°
"It s usefulfor us mostly becuuse we can't ufford to poyprivotelyforo tutorln order to getso much helpfor
ourson'5 moth5 revision.
°As my son struggles with maths, having extrrj time to let7rn the concepts cynd methods fvos been very helpfvl."
-my daughter hus guined confidence I hove been porticul)rly impressed with the staff inwolwed.
Communicotion ffs verycleorfrom my under5ttinding. Stqff huve shown cure t7nd considerJtionfDrthe students.
The supportive mockprep sessiorj was u kind undnurturing experiencefor my daughter.
Slxth-Form students who volunteered wSth Mathsmakers galned valuable work experience that helped them develop
their interpersonal and employability ski115. All mentors received a letter ctf recommendation that they can use to
support UCAS and job appllcatlons.
Sample feedback from mentors..
"l improvecl mycommunicution skills os I lerNrned how to bre(yk down concepts which muysound dlfficult Into
smullgrsimpler step5.
"It wos rewarding to be able to see students understandsomethFng theyprevlously thought wos impossible to
understand."

MATHSMAKERS
IREGISTERED COMPANY NUMBER 088987491
{A company limlted by guaranteel
TRU5TEES' REPORT
YEAR ENDED 31 JULY 2024
.1 leornthowto communicote ideus to Child￿￿ ¢urefullyond eoslly. l also learnt how to prompt Students to get
their solutions."
"I leornt howto improve my communictrtlofi skills us wellos huving more potience since people work ot thelr
own poce.
Developments In 2023124
Accreditations
O During 2023124, Mathsmakers successfully completed a rigorous extemal ev8lu8fjon that resulted In
M8thsMakers becoming an Approved Tuition Partner wthin the D8p8rtm8nt for Educ2tion National
Tutoring Programme. M8thsMakEr8 met all the requirements Bnd exceeded expectstions In 8ever81
categories, including those relating to Quality ckf prowsion, Quality of tLrtorin& Quality of 8UPPOrt (for
tLrtor51. and Partnershipslcollsborations schoots. This was a significant achievement for
Mathsmakers and onethat h8s been recDgnised bythe schoolsweworkwith.
O ALSO In 2023124. Nathsmakers rnat requirements relating to pts(ici85, management prDce5ses and
safeguarding towards achleving a QUa￿"ty Mark wth the YPF Cloung Pèopl&'s Found£tionl Tiust. In
2024125, we wlll complete additional requirÉm8nts r8lating to Creative Teaching and Learning and
Studentvoice. We expectto achieve the YPFTrust Quality Msrk by summer 2025.
Worklng across 4 boroughs
O Mathsmakers continued to rull programmes In Barnet, Brent, HatTOW and Westminster. bulldlng
netsvorks wth othor supplementsry schools and community organisations in these borough& In
particular. we engaged actively in &vents oQanised by Young Barnet Foundation, Young 8rent
Foundation and Young Harrow Foundation so that Mathsmakers is now r8cogni$Èd as an organis8tion
that se&ks to Bddress the needs olchildren and yDung people Inthese boroughs.
Development of in-person proBrammes
O FoiLowing a slgnificant increase IN 2D22123 in the number of students attending our in-school
PTogramme8. there was another increase in 2023124 01 almost 50%. Most of our in-persort
programmes are foryoungerstudÈnts. thos& in years £-8, who benefit from more peistsrnalised support
and interperson81 interaetion.
O As part ol the above incr88$0 in in-parson programmes, we had a 40% in¢rease In Year 12 students
volunte£ring and taking on our rnaths mentor positions. They made a slgnific8nt Contribu￿on lo the
$uccess ol each progfatnmè. helping to create a supportlve and oclive learning environment lor thè
younger students. At the same time, they developed their own confid8nc8 and 3kn11s, and ait were
positwe intheirf88db8ck aboutthelrwork experience wth M8thsM8kers.
Partner5hip5
O Mathsmakors in-￿rs9n programmes wth prim8ry schools create opportunitie8 for 3-wdy partnerships
thst include MathsNakers, the primèry school and 3 ne8rby secondary 8chool from wher8 the SL%th-
torm mentors ar8 rècruited.
O Year 6 students benefit from heving role models from other sthooLs in the community, particularly
schools that thay Mi￿tI01n as secondary students. Year 12 maths rnentors benefit from volunteering
and h8ving work experienc6 8t a nearby prtmary schooL Mathsmskers programmes help create a good
sense of eommunity btheen the schools.
O In 2023124, we *8rtèd 8 new p8rtnèrship ￿th Belmoni Schooland Harrow SchooL

MATHSMAKERS
IREGISTERED COMPANY NUMBER 088987491
IA rompany limlted by BU3ranteel
TRUSTEES, REPORT
YEAR ENDED 31 JULY 2024
Working Wlth local comrnunity organisations
O Mèthsmakers contlnued a ctsllaboration with Ignite Youth in Harrow. Ignite Youth is a local
community organisation that supports vulnerable and disadvantaged children 3nd young people by
offering out-of-school activities and programMe5. Worktng with Ignite Youth has en8bled u5 to reach
stud@nts whD aro not receiving the support they need either through their schools or lamilies.
O Workrng with 0igani5ati0￿ other than 5choo15 provides opportunitie5 for Math5Maker5 to establish
greater presence in the local community and dlversify the content and strurture of our programmes.
• Expan5i0n of MathsMaker5 tea
O In 2023124, we were happy to promote our Math5Makers Programme Administrator to a Programme
Manager role. This ensured addltlonal support for the team of Mathsmakers Instructo￿ and enabled
the Executive Directorto focu5 more on Strategic planning and development.
O Mathsmakers programmes are delivered by a team of highly qualified and experienced maths
teachers and tutors. In 2023124, we added another instructor to our team, brlnglng us to a total of 14
instructors.
10 years of helping students make progress in their maths learning
0 2023124 marked the tenth year of Mathsmakers a5 an organisation. Throughout this time, we have
been glad to make a difference for a 8rowing number of students In years 6.12, helpln8 them to
improvè their maths confidencé 3nd attainment. We have been grateful for all the hours volunteered
by our rnaths mentors and delighted to see the development in thelr personalities and skills.
O We are grateful for 311 the partner5hip5 Wlth schoo15, community organi5ation5 and sUPPOrters that
we have established over the past 10 years. We believe we have worked well together ond
complemented the considerable level of teaching and learning that happens in each schoal.
O Please read our 10-year Impact Report on our website, www.mathsmèkers.or8.
The Math5Makers Board
In 2023124. Gillian Rgberts Stepped down from her position as trustee and chair of the Mathsmakers Board of
Directory, Rachel Wrlght took over as Chair. Rachel and all trustees extend sincere thanks to Gillian foT the 6enerous
and careful att211tion She gave to Mathsmakers during her time on the Board.
In April 2Q124. we were delighted to appolni two new trustees, Lara Stanley and Tamsin Grosvenor. Lara has
518nifitaAt expErience in comrnunications and public af13ir5 and Tamsin is an experienced marketer who is passionate
about supporting those from dlsadvantaged backsrounds like hEr own. Complementing the existing team. with their
experience in education and finance, Lara and Tamsin have enabled the MathsMaker5 Board member5 to come
together as a strengrhened group with a broad mix tsf skllls and backgrounds. Thls brought a fresh perspective as we
reached 10 years of Mathsmakers and took thè opportunity to look b3ck over 5ucces5es and Browth in this time. It
has èlso helped us consider new approaches to marketln8, lundralsin8 and strategic planning as we look farward to
the next 10 yeats and plan for further growth.
Fundlng our programmes
MBth5Mak2r5 SUPPQrt is provided free of charge to students and families. This is Part of our mission and
commitment to ensuring that the Students we work with, most of whom are disadvantaged, can access the help they
need.

MATHSMAKERS
IREGb5TERED COMPANY NUMBER 088987491
(A tompany limited by guarantee)
TRUSTEES. REPORT
YEAR ENDED 31 JULY 2024
M3thsMaker5 charges a fee to the schoo15 and organisations we work with. So that schools can offer our
prD8rarnmes free of charge to stttdents and familiès, Mathsmakers charges a subsi(Jised rate that Is made posslble
through ourfundra55ing. We rely on 8rants from ch3rities and foundatiorts. and we obtsin donations from our
supporters. For our programme5 in 2023124, Mathsmakers is grateful forfunding retelved from John Lyon's Charfty.
London Freemasons, Charity, Securin8 Success, TescoIGroundwork, YDung Harrow Foundation, 8C Capital, and
friends of Math5MakÈrs.
In 2023124. schools prlmarjly used Pupil Premiurn funding and funding from the Department for Education through
the National Tutoring Programrne INTPI to cover lees charged by Mathsmakers.
NTr *unding for sthools has made a significant differenTr in enabling them to Contract with external organi5ations
like Mathsmakers. It made possible the considerable increase in catch-up sljPPOrt that schools provided for
disadvantaged Students durin8 2020-2024. For example. Mathsmakers moved from supporting around 100 students
pre-covid to Wgrking with a1rn05t 600 students by 2023124. In August 2024, school funding associate(J with the
National Tutorin8 Progrdmme came to an end.
Post Covid, the nÈed for additional learning support for disadvantaged students is stlll thÈre and the attainment gap
ha5 widened ILSE research, April 20241. MathsMakers15 committed to working with schools to find ways around the
loss of NTP fundin8. We are doing thi5 by optimising thè timing of our maths intervention, tailoring the length of
programmes to fitwith schoo15' requirements. and adjusting group sizes to fit students, needs. Mathsmakers
continue5 to séèk fundin8 from Brants and donatlons in orderlo be able to offer affordable. 5ubsidi5Ed rates to
schools. We want to make sure that disadvantaged students don't105e out on additional supportjust because NTP
funding ha5 ended,
nandal Re¥lew
The results for the year arè set out on page 10. For the period under r2view the Charitable Companrf5 principal
sources of income derived from grants recéived. donations and tuition fees. Total income generated for the period
was £118,77712023.. £161,961 of which £90,777 related to génera5 funds and £28,000 related to restricted funds.
For the year under review expenditure totalled £130.325 of whlch £98,200 related to general funds and £32,12S wa5
expended from restricted funds.
The results In overall terms show a deficit of Income over expenditure of £ll,54812023'. surplus £36,511). At the
year end date. general regeNes stood at £39,987 and rèstrlcted funds were fully expended.
Reserve5 Policy
The Charitable Companys aims are to ensure that donated funds are utilised to 5UPPOrtacademic and studÈnt
inltlatives, Consequently. the Charltable Company retains a small level of reserves sufficientto meet its Statutory
obligations and day to day requirements and pay salarfed employees. It dtses not pay premises costs.
Looklng ahead
MathsM3ker5 looks forward to helplng more children and youn8 people with their maths learnin8 in 2024125 and
beyond. Priorities include the f¢llowlng-

MATHSMAKERS
{REGISTERED COMPANY NUMBER 088987491
IA company Ilmlted by guarantee)
TRUSTEE5' REPORT
YEAR ENDED 31 JULY 2024
• Developing more partnerships with schools and local cornmunity organisation5
In the coming 3-5 years, Math5MakEf5 aims to pursue a steady increase in the number of students WÈ
support. focus5ing particularly on disadvantaged Students. We will continue to offer in-school and online
prugr(Imme5, 3dBptlnS Dur provi510n to ariornmodate changes in School environments, technolo8y, and
Student learning Preferences.
o WÈ anticipate an increase In demand for sn-person maths intervention programrres. Mathsmakers is
actively recruitin8 in preparation for this.
o Followlng the successes in 2023124, we look fO￿￿2rd lo developing furtheT 3-way partnerships Involving
Math5Maker5, primary 5£hoo15 and secondary schoo15. These partner5hip5 help build a community for
students, mentors, and stalf from different school5.
Expanding and diversifying our fundraisin8
To compensate for the end of the National Tutorin8 Programme INTPI, MathsM3kers is expandin8 its
fundraising efforts to obtain new grant5 3nd donations, while maintaining good connectiQn5 Wlth our
existing funders,
o Thanks to the expertlse, experience and connections of our new trustees, Mathsmakes is also artlvely
exploring corporate sponsorships 50 as to diversify our funding sources. Our efforts are focvssed on
building relationships with local businesses, and with corporations with a STEM focus.
o A growing and secure funding base will allow Mathsmakers to continue offering subsidised mzth5
intervention pro8rammes to schools and community or8anisatlons.
• Continuin8 to develop expertise within our team of instrurtors
O Approaching 2024125, M3th5Maker5 15 Seeing a significant increase in the percentage of Students with
SEND and students with English as an Additional Language IEALI who are being selected by schools to
attend our PTo8rammes. M05t of these 5tudeHts need a greater quantity and depth of support.
Recognising this, Mathsmakers is putting training In place to ensure all instructors can be effective and
5en51tive when teaching student5 Wlth additional nee(ts. both anline and in person.
o Mathsmakers is preparing for the considerable expected impact of Al on teaching, assessments,
accesslblllty. and equipping students with rhe skllls they will need. We have started exploring trainlrtg
Al-related areas for all our staff.
Continuing to develop and expand the M3thsMakers team
O Mathsmakers will continue to build administrative amd management resources to support the roll-out of
its strategic plan.we se@ scope for expandin8 the role of our P¥ogramme Mana8er and appointing a new
Programrne Administrator. We also anticipate appointing an additional Business Manager.
Worklng towards accreditation with the Youn6 People's Foundation Trust.
o As Mathsmakers work5 towards the YPF Trust Quality Mark, we will adopt best practices in relation to
creatlve teachlng and student volce In our programmes. Thls aceredltatlon wlll also help us better target
the youth Sector.

MATHSMAKERS
IREG15TERED COMPANY NUMBER 088987491
{A company limited byguaranteel
TRUSTEES, REPORT
YEAR ENDED 31 JULY 2024
Small ¢ompany prov151ons
The above report has been prepared in accordance with the special provisions of Part 15 of The Companie5 Act 2006
relatin8 to small companies.
Approved and authori5ed for Issue by the Board of Tru5teeg on 7 November 2024 and signed on its behalf by..
Michelle Lee ttrusteel
io

INDEPENDENT EXAMINER'S REPORTTO THE DIRECTORS OF
MATHSMAKERS
I ieport to the Company Directors on my examination of the accounts of Mathsmaker5 for the year ended 31
July 2024 set out on pages ten to eighteen.
Respon5ibllities and basls of report
s the Companls Directors land also its Trustees for the purposes of charity lawl you are responsible lor the
prEparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'l.
aving sat15fied myself that the accounts of the Charitable Company are not required to be audited under Part
16 01 the 2DQ6 Act and are eligible for independent examination, I report in respect of my examination ol ygur
Charity's accounts a5 carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In cairylng out
my examlnatlon I have followed the Directions given by the Charity Commission under section 145151 Ibl of the
2CIII Act.
Indèpendènt èxaminer's statement
I hwe cornpleted my examination. I confirm that no matters have come to my attention in connection with the
examination gI￿l￿g me cause to believe=
accountin8 records were not kept in ￿spect of the Charitable Company a5 required by section 386 of the
2006 Act,. Dr
the accounts do not accord with those ¥ecDrds,' or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Art other than anv
requirement that the accounts wve a 'true and fair view which is not a matter ctsnsidered as part of an
independent PKamination,' or
the accounts have not been prepared in accordance with the mothods and principles of the Statement of
Recommended Practi￿ for accounting and reportlng by charitles.
I have no conterns and have come across no other Matters in connection with the examlnation to whlch
attentlon should be drawn in this report In order to enable a proper understanding DI the accounts to be
reached.
M Koure?s FCCA
Hetherin8ton & CD
Chartered Certified Accountants
Second Floor
289 Green Lanes
Palmers Green
London N13 4XS
Dare.. 7 November 2024
Page 11

MATH5MAKERS
STATEMENT OF FINANCIAL ACTIVIT]ES
IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 JULY 2024
Year to
Yearto
31.07.24
31.07.24
Unre5trirted Re5trlcted
fund
fund
Year to
31.07.24
Year t
31.07.23
Tot31
Total
Notes
INCOME AND ENDOWMENTS FROM..
Donations and Legacie5
18,852
28,000
46,852
95,787
Other Tradlng Activities
71,925
71.925
66,181
Total Income
90,777
28.000
118.777
16L968
EXPENDITURE ON:
Charitable acilvitles
98,2LXI
32,125
130.325
125,457
Total expendltu
98,200
32,12S
130 325
125,457
NET INCOME I IEXPENDITUREI FOR THE YEAR
17,4231
14,1251
111,5481
36,511
RECONCILIATION OF FUNDS
Total fund5 brought forward
47,410
4,125.00
51.535
15.024
TOTAL FUNDS CARRIED FORWARD
39,987
39.987
5L535
Page 12
The noles tomi part ofthese finanaal statements

MATHSMAKERS
(REGISTERED NIJMBER: 088987491
8AIANCE SHEEr
AT 31 JULY 2024
Asat
31.07.24
Asat
31.07.23
Notes
CURRENT ASSETS
Debtors
C35h at bank
971
43,286
44,257
4,699
57,209
61,908
CREDITORS
Atnounts falling due within one year
io
14,270
110,373
NET CURRENT ASSETS
39.987
51.535
TOTAL ASSETS LESS CURRENT
LIABILITIES
39.987
51.535
N￿AssET5
39,987
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
13
13
39,987
47,410
4.125
51.535
39.987
The Charitable Con7pany is entitled to exemptlon from audit under Section 477 of the Companies Art 2Q06 for
the year ended 31 July 2024.
The mernbEfs have not required the Charitable Company to obtain an audit ol its financial statements for the
year ended 31 July 2024 in accordance with 5ectlon 476 of thè Cornp3nies Act 2006.
The Tru5tee5 acknowledge their re5pon5ibilitles for
lal ensuring that the Charitable Cornpany keeps accountin8 records that comply with Sections 386 and 387 of
the Companies Act 2006 and
Ibl preparing financial statements which give a true and fair view of the state of affairs of the Charitable
Company as at the end of eath financial ye3r and of its surplus or deficit for each financial yEar
accordance with the rEquiretnents of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements. 50 far 35 applicable to th
charitable companv.
These financlal statements have been prepared ih actordan¢e with the special provisions ol Part 15 of the
Companies Att 2006 relating to srnall companies.
The financièl 5tatement5 were approved by the Board of Directors on 7 November 2024 and were Signed on
its beialf by..
Michelle Lee (Trusteel
Page 13
The notes form part of these financial statements

MATHMAKERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
I. ACCOUNnNG POLICIES
The prirLcipal accounting policles, all of which have been applied consistently throughout the year, were as
follows:.
1.1 Basis of A¢countin8
The financial statements have beerh prepared in accordance with the Accounting and Reporting by Charliles..
Statement ol Recommended Practice applicable to Charities preparingtheir accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective tst
January 20151. the Companies Act 2006 and the Charltles Art 2011.
The Charlty meets the definition of a public benefit entity under FRS 102. Assets 3nd li3bilitie5 are initiallv
rectsBnlsed at historical cost ortfansadion value unless otherwise stated in the relevant notelsl to these
accounts.
L2 GolnB concern
The Trustees have assessed whetherthe use of the going concern basis is appropriate and have considered
possible events or condwtions that mi8ht cast doubt on the abll>ty of the Charltable Company to continue 3S
a going concern.
Having assessed the Charity's future cashflows and projectlons, theTrustee5 have conduded the Charity
has 5uflicient resources to continue In operational existence for the foreseeable future and consequently it
appropriate to continue to adopt the 8oing concern basis in preparlng its financial statements.
1.3 Income
Voluntary income including donatlons, gifts, legacies or grant5 from varlous individuals, corporations and
charitable foundations are recognised where there is entitlement, any conditions attached to the itemlsl of
income have been met. it Is probable that the income will be received and the amount can be rneasyred
reliably. Such income is only deferred when..
al The donor specifies that the grant or donation must only be used in future accounting periods.
bl The donor has imposed conditions which must be rnet before the charlty has unconditional entitlèment.
lrtcome generated from fund raising events Is reco8nised when earned.
Incorne tax recoverable In relation to donatian5 received under gift aid or deeds of covenant is rECO8nlsed
at the tirne of the donation.
All incomin8 resources are reported Bross before expenses.
1.4 Donated services and facllltles
Donated services and donated facilities a￿ recognised as income when the Charitable Company has
control ov2r the itèm. any conditions associated with ihe donated item have been met. the receipt of
economic benefit from the use by the Charltable Company of the item is probable and that ecofft¢mlc beneflt
can be measured reliabty by the Directo￿ using best estimates.
Pa8e 14

MATHSMAKERS
NOTES TO THE FINANCIALSTATEMENT5- CONfiNUED
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES- ¢ontlnued
1.5 Expenditure and Irrecovprable VAT
Expenditur& 15 iècognised once there15 a legal or constructive obligation to make a payment to a
third party. it is probable that 5ettleFnent will be required anij the amount of the obllgation can be
measured reliably. Expenditure is classified under the followlng activity heading5'.
Cost of raislng funds are those costs InCUr￿d In attratting voluntary Income.
Expendlture Dn charitable activitles includes all direct Costs incurred to further the PUTpose of the
Charity together with a550ciatEd 5UPPOrt C05t5.
Other expenditure represents those items not falllng into any other heading.
Irreroverable VAT 15 charged as a cost against the activity for which the expenditure wa5 incurred.
L6 Taxatlon and Mlscellaneous
As the Company Is a reglstered charity 5t Is not liable to Income tax on its charitable activities land
It does not undertake any non-chÈirltable tradlngl. The Charltable Company is unat]le to recover
VAT, and all expenditure is thus stated inclusive of VAT where appllcable.
Other pollcies are explained within the notes on specific aspects ol the accounts.
1.7 Allocatlon of support costs
Support costs are those functions that assist the work of the Charitable Company but do not dirertlv
undertake charitable activitie5. Support costs include ofllce c05t5. flnance and governan¢e costs
which 5UPPOrt the Charitable Company'5 activities. These costs have been apportioned between
charitable activities undertaken In the year. The basis on which support costs have boen allocatod
are Set out in note 5.
1.8 Cash and cash equlvalents
Cash and cash equivalents include rash in hand, deposits held at call with bank5, Other short-term
liquld investments with orl8inal maturities of three months or less, and bank overdrafts. Bank
overdralts are shown within borrowlrtgs in current liabilities.
1.9 Flnanclal Instrurnent$
The Charitable Company has elected to apply the provisions of Section 11 'Basic Financial
Instruments, and Section IZ 'Other Financial Instruments Issues, of FRS 102 to all of its flnanclal
instruments.
Financial instrurnents are recognised in the Charitable Company'5 balance sheet when the charity
betomes party io the contrattual provisions of the instrument.
Flnancial assets and Ilabillties are offset. with the net amounts presented In the finantial
statements, when there is a legally enforceable right to set off the recognlsed amounts and there is
an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.10 Basic finantial assets
Baslc flnancièl assets. which Include debtors and cash and bank balantes, are Inltially measured
at transaction price including transaction costs and a￿ subsequently carried at amortised cost
U51ng the effective interest method unles5 the arrangement constitutes a finanang transaction,
where the transattion is measured at the pre5èrit value of the future receipts discountÈd at 3 market
rate of interesr, Flnanclal assets classlfied as receivable withln one year are not amortlsed.
Page 15

MATHSMAKERS
NOTES TO THE FINANCWLSTATEMENT5- CONTINUED
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLICIES- contlnued
1.11 Basic flnancial liabilities
Basic financial liabilities. including creditor5 and bankloans are initially recognised at
trans3Ction prtce unless the arr3ngernent tonstitutes a financln8 transaction. where the debt
instrument 15 measured atthe present value of the luture payments di5COUnted at a market rate of
Énterest. Financial liabilities classified as payablè within one year are not amortised.
1.12 Fund accountin8
Unrestrirted funds are available to spend on activitie5 that further any ol the purposes of the
Charitable Company. Designated funds are unrestricted fund5 of the Charitable Company which the
Trustee5 have decided at their discretion to set aside to use for a specific purpose.
Restricted funds 3re donations which the donor ha5 specified a￿ to be stslely used for partlcular
areas of the Charitable Company's work or for specific projects being undertaken by the Charitable
Companv.
1.13 Critical accountlng e5tlmate5 and judgements
In the application of the Charitable Company's accountlng policles, the Trustees are required to
make judgements, estimates and assurnption5 about the carryin8 amount of assets and liabilities
that are not readily apparent from other Sources. The estimates and assoclated assumptions are
based on historieal experience and other factors that are considered to be relevant. Actual result5
may differ from these Èstimates.
The estimates and underlying assumptions are rewewed on an ongoin8 b3$15. Revisions to
accountin8 estimates are recognised in the period sn whith the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both Current and future period5.
2. DONATIONS AND LEGACIES
Yearto
31.07.24
Total
Year to
31.07.23
Total
Unrestricted
Fund
Restricted
Fund
Grants
Don3tions
28,000
28,CKJO
18,852
31.000
64,787
18,852
18,852
28,000
46,852
95.787
3. OTHER TRADING ACTIVITIES
Year to
31.07.24
Total
Year to
31.07.23
Total
Unre5tri¢ted
Fund
Restricted
Fund
Tuitlon Fee5
71,925
71,925
71,925
71,925
66,181
Page 16

MATHSMAKERS
NOTES TO THE FINANCEAL STATEMENT5- CONTINUED
FOR THE YEAR ENDED 31 JULY 2024
4. CHARITABLE ACTIVITIES COSTS
Year to
31.07.24
Total
Year to
31.07.23
Total
Dirert CL15ts.- fuition
Tutor fees. tuition resources and training
Fundraising and web development
Support Costs (see note 5}
93,868
978
35.479
98,734
1,328
25,395
130,325
12S.457
For the year ended 31st July 2024 the charitable expendlture was £130,25512023.. £125,457) Df which
£32,12512023', £26,875] was expenditure from restricted funds.
5. SUPPORT COSTS
The Charitable Company initially identifie5 the costs of its support funrtion5. It then identifies those
costs which relate to the governance function. Having identified it5 governance costs, the ￿mainIng
support costs together with the governance costs are alloca'.ed entirely to tuition, being the Charitablc
Company's sole activity.
An analy515 Df 5UPPOrt C05tS 15 g￿vell below..
Other
Govern3nce
expenses
Total
Independent examiner5 fee
Salarles and related ctssts
Office costs
2.580
2.580
25,449
7,450
25.449
7,450
2,580
32.899
35,479
6. INCOMINGIIOUTGOINGI RESOURCES
Year to
31,07 24
Year to
31.07.23
Net resource5 are stated after chargingl Icreditingl..
Independent examiners fee
2,580
1,580
7. TRUSTEES, REMUNERATION AND BENEFITS
There were no Trustees, remuneration or other benefits for the year enijed 31 July 202412023.. ENIII
Tru5tee5' expEnses
During the year. the Charltable Company paitl £Nil for costs in respect of Trustee512023.. £NS11
Page 17

MATHSMAKERS
NOTES TO THE FINANCIALSTATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 JULY 2024
& ANALY515 OF STAFF cosrs
31.07.24
31.07.23
Salary
Pension cost
24,890
559
25,449
16,461
281
16.742
The average number of employees during the yearwas 112023.. 11. No employee eamed more
than £60,CM)O in the year.
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.07.24
31.07.23
Prepaid expenses
Tax recoverable
Other debtors
249
45
3.750
904
4,699
722
971
10. CREDITORS: AMOUWtS FALLING DUE WITHIN ONE YEAR
31.07.24
31.07.23
Accrued expenses
Deferred Income (see note 111
4,270
1,893
8,480
10,273
4,270
11. DEFERRED INCOME
31.07.24
31.07.23
As at l Au8U5t 2023
Released in the year to income earned from charitable activities
Inctsming resources deferred In the year
At 31 July 2024
8,480
18,4801
35.712
135,7121
8,480
8,480
Deferred income brought forward comprises of £4,000 ol grant moniès that was received in
adv8nce from sec￿ring Success to deliver maths intervention in 5choD15 for disadvantaged
students who need additional help with their maths learninB In the 2023124 school year.
Also included in delerred Intome brought forward is £4,480 of tuition tees that was received in
advance for the Autymn 2023 programmes at Rooks Heath.
12. TAXATION
As a registered chèrity. Mathsrnakers is potentially exempt from taxation of income and galns
falling within section 505 of the Income and Corporation Taxes Act 1988 and section 256 of the
Taxation of ￿argeable Gain Art 1992. No tax charge has arisen in the year.
Page 18

MATHSMAKERS
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 JULY 2024
13. MOVEMENT IN FUNDS
IncomSng
Resources
Outgoing
ReSoUr￿S At 31.07.24
At 01.08.23
Restricted funds
4,125.00
28,000
132,1251
General funds
47,410
90,777
198,2001
39,987
TOTAL FUNOS
51,535
118.777
1130,3251
39.987
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
General
funds
Re51rlcted
funds
Total
Current ass&ts
Crediiors
44,257
14,2701
39,987
44,257
14,2701
39,987
15 FUNDS
A53t
01.08.23
Incomin6
Resources
Out8oing
Resources
Asat
31.07.24
General funds
47.410
90.777
198.2001
39,987
Restrlrted funds:
Rooks Heath School August 2023
2.5CX)
12.5001
Nower Hill School Autumn 2023
5,5(KJ
15,5001
Rook5 Heath School Auturnn 2023
5,000
(s,￿0}
John Lyon's Charity sponsored programmes
4,125
15,000
119,125
51,535
118,777
1130,3251
39,987
Page 19

MATHSMAKERS
NOTES TO THE FINANCIALSTATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 JULY 2024
16. RESTRICTED FUNDS
Rooks Heath School August 2023
The fund relates to a grant from Deo Duce to Mathsmakers to provide a summer maths tuition
programrne for the Students of Rooks Heath School forthe period ending 31st August 2023.
Nower Hlll School Autumn 2023
The fund relate5 to 8rant5 from London Freem2sons' Charity and The Masonic Charltable Foundation to
Mathsmakers to help pra￿de free Maths online tutoring sèssions to disadvantaged children.
Rooks Heath Autumn 2023
The fund relates to grants from Securing Success and Tesco Groundwork UK to Mathsmakers to work
with students at Rooks Pleath School in the Autumn term 2023.
John Lyon's Charlty sponsored programmes
The fund relates to grants from John Lyon'5 Charity to Mathsmakery to work with young people from the
Barnet, Brent, E31ing and Harrow are35 in the period September 2022 to August 2024.
17. RELATED PARTYTRAN5ACTIONS.
Donations received from related partie5 (Trustees) during the yeartotalled £12,500 including Gift Aid
recovered12023'. £43.7501.
Page 20