## **Trustees’ Annual Report for the period** **From April 1[st] 2024 Period start date To March 31[st] 2025 Period end date** ## **Charity name: The Nottingham Education Trust** ## **Charity registration number: 1006495** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the education of young people,
under the age of 21 and permanently
resident within the boundary of the City of
Nottingham.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|Funding bursary awards in order for them
to pursue worthwhile activities outside of
their formal education, particularly in Music
and the Arts, the Sciences, Languages,
Travel and Cultural experience, Sports and
Outdoor and Adventurous pursuits, who
would otherwise not have the opportunity.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees confirm that they have had
regard to the guidance issued by the
Charity Commission on public benefit and
to that end have made available bursaries
of up to £800 per individual.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|The Trust welcomes and encourages
applications from all eligible young people,
meeting the criteria. As a rule, young
people under the age of 11 are not
normally awarded a full bursary with the
option to make a further application later,
up to the maximum individual amount.
The Trust only makes awards to
individuals, not groups or organisations.
The Trustees make every effort to support
as many applications as possible within the
available funds, providing the applicant is
eligible, the amount of funding sought is
proportionate to the costs and the activity is| |||considered appropriate, however, the
decision of the Trustees is final.| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|The Charity could not function without the
interest and involvement of volunteers and
this report seeks to mark the valuable
contribution made by Trustees in ensuring
that maximum benefit from the Charity is
passed onto eligible young people in the
form of bursaries.| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The numbers of applications has continued
to maintain a higher level than in years
prior to the pandemic with 58 receiving a
total of £17,900
for activities as varied as Arts Workshops,
Duke of Edinburgh Award at Bronze and
Silver, Dance competitions in Spain,
Volunteering in Ghana, Lourdes and
attending a performers’ programme at the
Nottingham Playhouse.
We can report again that this is the highest
number of individual awards in one year
since 1998, when the management of the
Trust was re-established in the City.
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.
Once again, this year, young people very
successfully joined the meeting of
Trustees. As an added bonus this year,
Trustees were invited to one centre where
they were able to meet and talk with over
50 recipients of bursaries for their Duke of
Edinburgh Award. Recordings when| available are posted on the Charity’s website. **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|The number of applications has remained
at a high level this year with 58 approved
and the highest amount of disbursement
since distribution re-started in 2011.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|The charity does not undertake fund-raising
activities.| |Investment performance
against objectives|Para 1.41|Through the Charities Aid Foundation’s
Charities Deposit Platform, the Trust has
been able to disperse some of its funds into
I, 3 and 5 year fixed-term deposit accounts
that not only have a favourable interest
rate, but also mitigate the financial risk the
Trust has been carrying for some time with
funds over the FSCS protection limit in only
one bank.
This year, accounts that matured in
November and December were pooled into
a 1 year account to offer Trustees flexibility
beyond the sale of the property.| |Other||At its meeting on the 26thSeptember 2024,
the Trustees formally approved the
decision to put the property asset on the
open market.
Both current tenants have an interest in the
purchase of the property and Trustees
sought professional help from commercial
property specialists Musson Liggins, who
had previously done valuations for the| Trust in 2016 and 2001, to develop the sale. The Custodian Trustee has been informed of the Trustees decision. ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Trustees have resolved to dispose of
the asset and re-invest in a property with
less problems and potentially more income.
The Charity maintains a minimum restricted
fund of £40,000 immediately available to
mitigate any risks associated with
maintaining the current property asset at
96-98 Derby Road, Nottingham.
The current running costs are in the region
of £3,500.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves have only been accumulated
over the last 10 years through judicious
husbandry with a view to the costs
necessary for the upkeep and repair of the
property. Whilst there has been
considerable expenditure in recent years,
having tenants throughout that period has
meant that the Trust has been able to
retain a stable balance.
The Trust attempts to maximise its
reserves through fixed-term deposit
accounts, which have now been re-
instated. The variety of 1-5 year deposits
allows for continuous return, particularly if
the maximum individual bursary award
were raised at the AGM as per the Finance
Policy.| |Amount of reserves held|Para 1.22|£140,000| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The Charity’s principal source of funds is
rent from the property it owns at 96-98
Derby Road, Nottingham, which has
required investment over the last 5-6 years.
However, continuing problems related to
the property have encouraged the Trustees
to seek an alternative source of income,
from the sale of this property and purchase
of another less problematic and time-
consuming.
The Trust seeks to maintain a very low-cost
approach to the running of the charity,
approximately 10% of income, so that as
much as possible is available for
distribution in bursaries.| ## **Reference and Administrative details** |Charity name|The Nottingham Education Trust| |---|---| |Other name the charity uses|-| |Registered charity number|1006495| |Charity’s principal address|c/o NCC Post Room, Loxley House, Station Street
Nottingham NG2 3NG| **Names of the charity trustees who manage the charity** |1

4

6
7
8
9
10
11
12
13
14
15
16
17|**Trustee name**|**Office (if any)**|**Dates acted if not for whole year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Cllr David Mellen|||Nottingham CityCouncil| ||Cllr Cheryl Barnard|||Nottingham CityCouncil| ||Cllr JayHayes|Vice Chair||Nottingham CityCouncil| ||Cllr AudreyDinnall|Vice Chair||Nottingham CityCouncil| ||Cllr Samina Riaz|||Nottingham CityCouncil| ||David Stewart OBE
DL|Chair||Adult of standing with
experience of Young People
in Nottingham| ||Dr Kadiatu Kanneh|||Adult of standing with
experience of Young People
in Nottingham| ||Hon Ald Virginia
Klein||1stApr.-27thJun. 2024|Adult of standing with
experience of Young People
in Nottingham| ||Linda Abbott|||Adult of standing with
experience of Young People
in Nottingham| ||Gary Fulwood|||Adult of standing with
experience of Young People
in Nottingham| ||Martha Toogood||26thSept- 31stMarch 2025|Adult of standing with
experience of Young People
in Nottingham| ||CicelyClark||1stApr.-26thSept 2024|Ex-Bursaryholder| ||Benjamin King|||Ex-Bursaryholder| ||Lauren Osborne||Jan 2025|Ex-Bursaryholder| ||Hon Ald Gill
Haymes|||Ex-Trustee of merged charity| ||Hon Ald David
Smith||1stApr.-27thJun. 2024|Ex-Trustee of merged charity| ## **Director name** Corporate trustees – names of the directors at the date the report was approved Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole**
**year**|| |---|---|---| |**Nottingham City Council**||**CUSTODIAN TRUSTEE**| ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |**Clerk to**
**Trustees**|Alistair Conquer|The Nottingham Education Trust
c/o NCC Post Room, Loxley House, Station Street,
Nottingham NG2 3NG| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Beyond the fixed-term deposit accounts
referred to above, the Trust has no further
investments.| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|The sole risk is vested in the property.
However, the upgrading of the ground floor
units over the last six years has also
considerably reduced the risks to which the
Trust was exposed.| |Other||| Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the cha . 's trustees Signature(s) Full name(s) Posltlon (eg Secretary, Chair, etc) David S. Stewart OBE DL Alista .Conque CHAIR of TRUSTEES CLERK to the TRUSTEES Date July 2025 July 2025 |**CC16a**
**1006495**
**The Nottingham Eduacation Trust**
**Receipts andpayments accounts**
01/04/2024
31/03/2025
**To**
**For the period**
**from**
~~———~~|| |---|---| |**Section A Receipts and payments**|| |**Unrestricted**
**funds**
**Restricted funds**
**Endowment**
**funds**
**Total funds**
**Last year**|| |**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|| |**A1 Receipts**
Rental
**24,100**
**-**
**-**
**24,100**
**24,540**
Interest
**894**
**-**
**-**
**894**
**867**
Misc
**250**
**-**
**-**
**250**
**300**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_**_(Gross income for AR)_**25,244**
**-**
**-**
**25,244**
**25,707**
**A2 Asset and investment sales,**
**(see table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**25,244**
**-**
**-**
**25,244**
**25,707**
~~== 5 = ===~~
~~————_—_~~|| |**A3 Payments**
Bursaries
**17,900**
**-**
**-**
**17,900**
**14,750**
Legal Fees
**3,473**
**-**
**-**
**3,473**
**2,407**
BuildingRepairs
**-**
**-**
**-**
**-**
**4,440**
Insurance
**708**
**-**
**-**
**708**
**671**
Clerk Fees(travel)
**693**
**-**
**-**
**693**
**651**
Miscellaneous
**-**
**-**
**-**
**-**
**106**
Independent Examiners Fees
**250**
**-**
**-**
**250**
**-**
IT Domain
**674**
**-**
**-**
**674**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 23,698**
**-**
**-**
**23,698**
**23,025**
**A4 Asset and investment**
**purchases, (see table)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total payments_**
**23,698**
**-**
**-**
**23,698**
**23,025**
~~=== ===~~
~~———————~~|| |**_Net of receipts/(payments)_**
**1,546**
**-**
**-**
**1,546**
**2,682**
**A5 Transfers between funds**
**-**
**- -**
**-**
**-**
**A6 Cash funds last year end**
**-**
**- -**
**-**
**-**
**_Cash funds this year end_**
**1,546**
**-**
**- 1,546**
**2,682**
~~—SS=S=~~
~~>= >~~|**682**
**-**
**-**
**2,682**| |**Section B Statement of assets and liabilities at the end of the period**|| |**Unrestricted**
**Restricted funds**
**Endowment**|| |**Categories**
**funds**
**funds**
**Details**|| |**to nearest £**
**to nearest £**
**to nearest £**|| |**1,000**
**-**
**-**
**71,365**
**-**
**-**
**-**
**-**
**-**
**72,365**
**-**
**-**
Deposit
Current
**B1 Cash funds**
**_Total cash funds_**
~~——_—_—_—~~|| |Agreement Error
OK
OK
(agree balances with receipts and payments account(s))|| |**Unrestricted**
**Restricted funds**
**Endowment**|| |**funds**
**funds**|| |CCXX R1 accounts (SS)
~~1~~
0~~2/09/2025~~
**to nearest £**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Details**
**B2 Other monetary assets**
~~——~~
~~—~~|| **-** ~~——_——~~ **Fund to which asset Current value Cost (optional) Details belongs (optional) B3 Investment assets** Flagstone **unrestricted - 143,214 - - - - - - - -** ~~— ==~~ **Fund to which asset Current value Cost (optional) Details belongs (optional) B4 Assets retained for the** 96-98 Derby Road unrestricted **charity’s own use - - - - - - - - - - - - - - - -** ~~=—===~~ **Fund to which Amount due When due Details liability relates (optional) (optional) B5 Liabilities - - - - -** Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval ~~=~~ David Stewart ~~|~~ 16-Oct-25 2 02/09/2025 CCXX R2 accounts (SS) 02/09/2025 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|Charity Name
The Nottingham Education Trust|Charity Name
The Nottingham Education Trust|Charity Name
The Nottingham Education Trust| |---|---|---|---| ||||| ||31stMarch 2025|**Charity no**
**(if any)**|**1006495**| ||||| ||1-2||| ||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended**31/03/2025**
As the charity's trustees, you are responsible for the preparation 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Signed:** _Ann Ross_ **Date:** 17[th] July 2025 **Name:** Ann Ross **Relevant professional** Accounting Technician **qualification(s) or body (if any): Address:** 72 Saxon Way Cotgrave 1 **Oct 2018** **IER** Nottingham ## **Section B Disclosure** Only complete if the examiner needs to highlight material 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** . 2 **Oct 2018** **IER**