## **Trustees' Annual Report for the period**
Period start date Period end date 01 April 2020 31 March 2021 **From To**
## Section A Reference and administration details
**Charity name** The Nottingham Education Trust **Other names charity is known by** Formerly British School Exhibition Fund Derby Road Trust **Registered charity number (if any)** 1006495
**Charity's principal address** c/o College Street Centre,
College Street, Nottingham **Postcode NG1 5AQ**
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Cllr Neghat Khan|Chair||Nottingham CityCouncil|
||Cllr David Mellen|||Nottingham CityCouncil|
||Cllr Sam Webster|||Nottingham CityCouncil|
||Cllr. Mohammed
Saghir|||Nottingham City Council|
||Cllr. JayHayes|||Nottingham CityCouncil|
||Ald. Gill Haymes|Co-opted Trustee||Ex-trustees of merged
charities|
||Ald. Eileen Heppell|Co-opted Trustee
Vice Chair||Ex-trustees of merged
charities|
||Chelsi Thomas|Co-opted Trustee||Beneficiaries|
||Ben King|Co-opted Trustee||Beneficiaries|
||Dr. Kadiatu Kanneh|Co-opted Trustee||Parent of Beneficiaries|
||Ald. David Smith|Co-opted Trustee||Ex-trustees of merged
charities|
||Ald. Glyn Jenkins|Co-opted Trustee|||
||Ald. GinnyKlein|Co-opted Trustee|||
||Mr David Stewart
OBE DL|Co-opted Trustee||Education & YP activities|
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year** Nottingham City Council are a custodian trustee of the property
## **Name of chief executive or names of senior staff members (Optional information)**
Alistair Conquer – Clerk to the Trustees (voluntary)
March **2012**
**TAR**
1
**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Trust Deed
Type of governing document
- (eg. trust deed, constitution) Trust
How the charity is constituted
- (eg. trust, association, company)
- Nottingham City Council appoints five elected City Council Members
- Trustee selection methods representing all parties annually.
- (eg. appointed by, elected by) Co-opted trustees are drawn from:
- (eg. appointed by, elected by)
- Volunteers with relevant experience of working with young people in activities beyond the school, college, university curriculum.
- Ex-trustees of the merged charities in 2011
- Young people who represent the actual and potential beneficiaries of the Charity.
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
The Trustees meet four times a year and the Charity is operated largely on a volunteer basis.
Although it is a separate legal entity from Nottingham City Council, the Scheme requires that five City Councillors be Trustees. Thus, there is a close link with the Council and its officers. The Council makes space available for meetings at which young people are asked to make presentations about the use of their bursaries. The use of the Council building adds kudos to the value of the presentation.
- Approximately £800/year is spent on administration and accounting, with the rest covered by voluntary contribution through social responsibility.
Trustees have a commitment to working with other charities that share the same educational interests and principles as this one.
The major risks to the Charity are through the property it owns. The Trustees retain a contingency to mitigate against potential unforeseen costs. The work to re-register the property with the Land Registry begun last year is still in train and we await confirmation from the Land Registry that this is complete.
The outstanding rents after Review were paid during the year, but that tenant is now in an appraisal process half-way through their lease of our property and in early March this year, the Trust was asked to consider an offer of purchase. Whilst declining the offer, the Trustees resolved to review the position in September 2021.
The renewal of the electrical supply was completed and the asbestos was removed as reported in last year’s report.
Further risk has been identified in the cellar area, this year from illegal access, traditionally monitored by the tenant in Floors one to three, but not within their lease. On advice the Trust is surveying the cellar and plans will be drawn.
The financial risk in retaining funds in one account has yet to be mitigated, but see comments in F below.
## **Section C Objectives and activities**
March **2012**
**TAR**
2
The Nottingham Education Trust exists to support young people, under the age of 21 and resident in the City of Nottingham, pursue activities **Summary of the objects of the** outside of formal education, particularly in Music & the Arts, the **charity set out in its** Sciences, Sports and Outdoor and Adventurous pursuits, who would **governing document** otherwise not have the opportunity. **Summary of the main activities undertaken for the** The Trustees have had regard to the guidance issued by the Charity **public benefit in relation to** Commission on public benefit and to that end, have made available **these objects (include within** bursaries of up to £750 per person. **this section the statutory declaration that trustees have** The Trustees make every effort to support as many applications as **had regard to the guidance** possible within the available funds, providing the applicant is eligible, the **issued by the Charity** amount of funding sought is proportionate to the costs and the activity is **Commission on public** considered appropriate, however, the decision of the Trustees is final. **benefit)**
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include The Charity could not function without the interest and involvement of further statements, where volunteers and this report seeks to mark the valuable contribution made relevant, about: by Trustees in ensuring that maximum benefit from the Charity is passed onto eligible young people in the form of bursaries. • policy on grantmaking; • policy programme related investment; • contribution made by volunteers.
## Section D Achievements and performance
The Charity has continued to attract a few applications from young **Summary of the main** people who wish to apply for a bursary, but the Covid 19 restrictions have **achievements of the charity** limited the possibilities available to young people and thus the **during the year** applications were limited this year. This year, bursaries were awarded to 5 young people for activities as diverse as: - Basketball - Cultural visits to Italy, Spain and Ecuador Unfortunately, some of these were unable to happen and applicants have either returned their award or are retaining the funds until they can pursue the activity again. After a Trustee suggestion, the empty shop window created by the return to two ground floor shop units was used to advertise the Trust to young people in the City. This has continued this year as the new prospective tenant in No. 96 is still preparing the property for his use. The idea of asking beneficiaries to meet the Trustees and feedback on their experiences was included at the time of the merger of charities and re-naming of the Trust in 2011. It continues to serve both the objectives of the charity in that it helps to promote the opportunity available and as further benefit to the young people encouraged to account for themselves in a semi-formal forum. This year, young people very successfully joined our meeting virtually via the Teams application.
## **Section E Financial review**
March **2012**
**TAR**
3
The Charity maintains a minimum reserve of £40,000 immediately
available to mitigate any risks assl8ted with maintsining the propety at
9&98 Derby Road. Nottingham.
Brief statemenl of Ihe
charity's policy on reserves
Detalls of any funds materlally
in deficlt
NIA
Further flnanclal review details (Optional infonnatlon)
The Charity's principal source of funds is rent from the property il owns at
96-98 Derby Road, Nottingham.
Unfortunately, the Covid-19 pandemic resulted in a number of adivities,
in which successful bursary holders had planned to be involved. were
cancelled and a numbef of bursanes were retumed this year.
As mentt'oned in 18-19 and 19-20 TARS there has been continued
expenditure on the propety in terns of maintenance, repairs and
renovations to the Ground Floor units. This will extend again into next
year 2021-2020, because of the extemal restrictions of the last year.
You may choosè to include
addition81 infomiation. where
relevant about..
the charity's principal
Sou$ of funds (including
any fundraising).,
how expenditure has
supported the key objedives
of the ¢hanty'.
investment policy and
objectives including any
elhical investment policy
adopted.
Given the amount of expenditure currently outgoing on the Trust's
property, the planned spread of funds to be committed into several fixed
term deposit accounts to generate interest and ensure periodic
maintenance of income, was suspended this year until Trustees know the
extent of expenditure required on th8 building work. However. once
clarified during this year, any excess fund will be spread across banking
institutions to mitigate financial risk, having be8n identified in the annual
Finance Policy Review.
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Slgned on behalf ol the chaflty's truste•s
Slgnaluro(s)
Full namo18)
Posltlon (eg Secretary, Chalr,
etc)
Cllr. Neghat Khan
Chair of Tnjstees
Alistair Conquer
Clerk to the Trustees
Date
1. May 2021
TAR
M8ri* 2012
**The Nottingham Education Trust**
**1006495**
## **Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts**
**Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period** 01/04/2020 31/03/2021 **To from**
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|---|---|---|
|
Rental Income|**14,389**||**-**||**-**||**14,389**||**43,960**|
|Settlement|**32,000**||**-**||**-**||**32,000**||**-**|
|interest|**62**||**-**||**-**||**62**||**380**|
|Miscellaneous|**1,200**||**-**||**-**||**1,200**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**_(Gross income for AR)_|**47,651**||**-**||**-**||**47,651**||**44,340**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**-**|||||||||
||**-**||||||||**-**|
|**_Sub total_**|**-**||||||||**-**|
|**_Total receipts_**
**A3 Payments**||||||||||
||||||||||**44,340**|
|||||||||||
|
Bursaries|**1,750**||**-**||**-**||**1,750**||**5,245**|
|Insurance|**668**||**-**||**-**||**668**||**777**|
|IT Costs|**710**||**-**||**-**||**710**||**601**|
|Admin/Examiners Fees|**250**||**-**||**-**||**250**||**892**|
|Miscellaneous|**223**||**-**||**-**||**223**||**2,161**|
|Legal Fees|**-**||**-**||**-**||**-**||**9,686**|
|BuildingMaintenance|**72,012**||**-**||**-**||**72,012**||**-**|
|PropertyValuation|**960**||**-**||**-**||**960**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**76,573**||**-**||**-**||**76,573**||**19,362**|
|||||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||||
||**-**|||||||||
||**-**|||||||||
|**_Sub total_ **|**-**||||||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||||||
||||||||||**19,362**|
|||||||||||
||**- 28,922**||||||||**24,978**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**- 28,922**||||||||**24,978**|
## **Section B Statement of assets and liabilities at the end of the period**
|CCXX R1 accounts (SS)
**Categories**
**B1 Cash funds**|1
**Details**
**_Total cash funds_**
(agree balances with receipts and payments account(s))
Deposit
Current|**Unrestricted**
**funds**
**to nearest £**
**223,865**
**1,000**
**-**
**224,865**
Agreement Error|29/06/2021
**Restricted funds**
**Endowment**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
OK|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**|**Details**
**Details**
**Details**
96-98 Derby Road
**Details**
Signature|**Unrestricted**
**funds**
**Restricted funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which asset**
**belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which asset**
**belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Cllr. Neghat Khan|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**350,000**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of approval|
|||Cllr. Neghat Khan|July 1st 2021|
|||||
CCXX R2 accounts (SS)
29/06/2021
2
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
## **Report to the trustees/ members of** The Nottingham Education Trust
**On accounts for the year** 2020-21 **Charity no** 1006495 **ended (if any) Set out on pages** 1-2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021.
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_._
**Signed:** _A Ross_ **Name:** Ann Ross **Relevant professional** AAT **qualification(s) or body (if any): Address:** 72 Saxon Way Cotgrave
**Date:** 7[th] June 2021
**October 2018**
1
**IER**
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**October 2018**
2
**IER**