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← The Maxem Trust

2020-12-31-accounts

Independent examiner's report on the accounts

Section A
Independent Examiner’s Report		 Section A
Independent Examiner’s Report
Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report		 Charity Name
The MaxEm Trust
31 December 2020
Charity no
(if any)
1172867
2-3
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/12/2020.
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.

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:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:
A G Rich
ICAEW
HW Fisher, Acre House, 11- 15 William Road
London, NW1 3ER

Oct 2018

IER

1

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THE MAXEM TRUST 1172867
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2020 31/12/2020
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations - - - - 23,097
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
- - - - 23,097
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts - - - - 23,097
A3 Payments
Legal fees 687 - - 687 1,527
Accountancy fees - - - - 1,560
Insurance 285 - - 285 228
Donations to University of Oxford 24,000 - - 24,000 20,000
Processing fees - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 24,972 ] - - 24,972 23,315
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 24,972 - - 24,972 23,315
Net of receipts/(payments) - 24,972 - - - 24,972 - 218
A5 Transfers between funds - - - - -
A6 Cash funds last year end 25,249 - - 25,249 25,467
Cash funds this year end 277 - - 277 25,249
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CCXX R1 accounts (SS)

06/10/2021

2

Section B Statement of assets and liabilities at the end of the period Unr6Jtrlct¢d Re$irl¢tad funds fvnd• n•w••t£ Endowm&nl fund• to n•4r••l£ Cat•9Ofi88 81 Cash fund• 277 Totsl fvnds R••trlet•d 14Tnds Endtswm•nt lunds funds * Tr•ar•tt F￿dt•f#hlCh Detai15 FthidtrTJfftkh Cwr4ntv•bJ• Details B4 Assets r•taln•d for th• charl￿5 own yjè Fufvj du• Details r•LIl•i fn• B5 Llablltlo ILAN tJAvT4 Prlnt NaAM 6DQlol Dal• of lJfd10r2021 CCXX R2 awgJr ISS}

31/21/2020

Trustees’ Annual Report for the period

From 01/01/2020 Period start date To Period end date

Charity name: MaxEm Trust

Charity registration number: 117286

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the charity are for the public
benefit:
1. to advance education; and
2. to help young people advance in life
through providing support to
develop their skills, capacities and
capabilities to enable them to meet
their needs and participate fully in society;
in particular, but without limitation, among
those who by virtue of any kind
of social disadvantage may have reduced
prospects of entering and
flourishing in higher education and beyond.
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		 The charity assists young people who are
socially disadvantaged by
providing them with :-
Mentoring and guidance from a select
group of individuals
(volunteers), primarily from the business
sector, to help equip
them with the skills, competence and
confidence to thrive at
university, and eventually to enter and thrive
in their chosen field
after graduating;
Financial assistance if relevant to help
remove practical barriers
to studying at higher education institutions.
The benefits of the organisation, which are
closely linked, are:
1. Giving individuals from disadvantaged
backgrounds the chance to
access higher education, so that lack of
social confidence, or lack
of resources or support do not form barriers
to effectively
completing higher study and pursuing
successful careers, and so
that these individuals are not at a relative
disadvantage to those
from more advantaged backgrounds.
2. By virtue of (1) above, bringing about
greater equality, diversity
and social mobility in higher education –
and, ultimately, in the
professional and business sectors which the
beneficiaries will
enter after their education. The benefits of
diversity to educational
institutions, workplaces and society as a
whole are widely
acknowledged.
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

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
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Achievements and Performance Achievements and Performance 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 Since the inception of the Promentor
Programme, the University’s Careers
Service has played an integral part
helping students from low income
backgrounds access alumni mentoring
opportunities and internships, as well as
careers support more generally
Since the programme’s successful
launch three years ago, over 40
undergraduate students have engaged
with the Promentor Programme, and
approximately 50 alumni have provided
students with invaluable support and
offered a wealth of experience by
volunteering their time to act as a mentor.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity had approximately GBP 277
on account at the end of December 2020
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The charity currently operates a surplus,
and is expected to continue to do so in
perpetuity.
Amount of reserves held Para 1.22 The charity had approximately GBP 277
on account at the end of December 2020
Reasons for holding zero
reserves		 Para 1.22 Reserves are not required
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 None

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Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including Para 1.47
any fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the principal Para 1.46
risks facing the charity
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The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation
(CIO)
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointed by the Board of Trustees

Additional information (optional)

You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

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Charity name The MaxEm Trust
Other name the charity uses
Registered charity number 1172867
Charity’s principal address 10 Queen Street Place,
London
EC4R 1BE
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Rayhan Davis 10 Queen Street Acted for the whole year
Place,
1
London
EC4R 1BE
Katrien Gunst 10 Queen Street Acted for the whole year
Place,
2
London
EC4R 1BE
Frewyeni Kidane University of Oxford Acted for the whole year
Development Office,
3 University Offices,
Wellington Square,
Oxford, OX1 2JD
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

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)

Type of Name Address
adviser
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

Declaratlons The trustsos de¢laro that they have approved th• trustees, rnport abovo. Slgned on behalf of th• charlty's truste Slgnature(s) Full nam&(s) Posltlon (og Se¢retsry, Chalr. otc) Rayhan Davis Chair Date 6 ?oi[