2021-12-31-accounts - The Maxem Trust

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		(')(A(t)TT Qp/y(M(55)pN	(')(A(t)TT Qp/y(M(55)pN	(')(A(t)TT Qp/y(M(55)pN	(')(A(t)TT Qp/y(M(55)pN		THE	MAXEM TRUST				1172867
		FOR	ENGLAND		AND WALES
								Receipts and payments			accounts			CC&ea
							Forthe period from		Period start date 01/01/2021 To			Period end date 31/12/2021
	~				~	~	~
							Unrestricted funds		Restricted funds	Endowment funds		Totalfunds		Last year
							to the neareet 6		tothe nearest 8	to the neareet 8		to the nea	rest 8	to the nearest	6
A1 Recei		ts
Donations								8,640					8,640
Sub	total		(Gross income for AR)					8,640					8,648
A2 Asset		and	investment sales
(seetable).
					Sub total
				Total	receipts			8,640		-		-	8,840
A3 Pa ments
Legal fees								855					855	687
Accountancy		fees						3,281					3,281
Insurance								296					296	285
Donations	to University			of Oxford										24,000
Processing	fees
					Sub total			4,432					4,432	24,972
A4 Asset		snd	investment
purchases, (see				table)
					Sub total
Net	ofreceiptsl(payments)							4,208					4,208	24,9'72
A5 Transfers			between		funds
A6 Cash		funds last year end						277					277	25,249
Cash funds				this	year end			4,485					4,485		277

						~	~	~ ~	~	~ ~
								Unrestricted	Restricted		Endowment
		Categories			Details			funds		funds		funds
								to oourouta	to	oearoota	to uoorocta
Bt Cash		funds			Current account			4,485
					Deposit account
						Total	cash funds	4,485
					(ugree balances wrh rccopic ccd payments occouui(c))			0K	OK		OK
								Unrestricted	Restricted		Endowment
								funds		funds		funds
					Details			to oourouta	to	oearocta	to uoorocta
B2Other		monetary assets
					Details			Fund to which accelboloo c	Cost (opiiooal)		Current value o tioool
B3investment			assets
					Details			Fund to which acceiboloo c	Coot (opiiooal)		Current value o dooo(
BsAssets retained for				the
charity's		own	use
								Fund iowhich	Amount duo			When duo
					Details			liubili roluioc		o tiouul		o tiouul
Bg Liabilities
Signed behalf	by one or two trustees ofaf the trustees			on	k ~'9	Signature wc		Pnnt Rayhan Davis	Name		21	Date of 8 royal Oct 2022

Object	i	ves and	Acti	viti	es
					SORP reference
Summary		ofthe purposes		of	Para 1.17	The objects ofthe charity are for		the public
the charity as set out			in its			benefit
governing		document				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
						ofsocial disadvantage may have		reduced
						prospects ofentering and
						flourishin in hi her education and be ond.
Summary activities		ofthe main in relation to those			Para 1.17and 1.19	The charity assists young people socially disadvantaged by		who are
purposes		for the public				providing them with:-
benefit,	in particular,		the			Mentoring and guidance from	a select
activities,		projects or	services			group of individuals
identified		in the accounts.				(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 ofthe 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
						ofresources 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
						disadvanta e to those

					from more advantaged	backgrounds.	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
					acknowled ed.
Statement		confirming		Para 1.18	The trustees confirm that they		have had
whether	the trustees		have		regard to the guidance	issued	by the Charity
had regard		to the guidance			Commission on public	benefit
issued	by the Charity
Commission		on public
benefit

Additional		information	(optional)
You ma	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

Achiev	eme	nts	and Pe	rformance
				SORP reference
					Since the inception ofthe Promentor
					Programme, the University's Careers
					Service has played an integral part
Summary ofthe main achievements ofthe charity,				Para 1.20	helping students from low income backgrounds access alumni mentoring
identifying	the	difference the			opportunities and intemships, as well as
charity's	work	has made to			careers support more generally
the circumstances			of its
beneficiaries and			any wider		In the past year,
benefits lo society as a					~ 11first year students recruited onto the
whole.					programme each matched with 3 mentors
					~19applications were received, 16
					students interviewed
					~33new mentors were recruited to the
					programme
					Feedback from the programme has been
					excellent from both mentors and
					mentees, with 100%ofmentors being
					keen to be considered as a mentor in the
					future, and 100%ofmentors being keen
					to recommend the programme to
					colleagues and others. Forthe mentees
					97%would recommend the programme	to
					afellow student, and 100%would
					consider bein a mentor in the future

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's			Para 1.21	The charity had approximately		GBP4,485
financial position at	the end			on account at the end	of December 2021
ofthe eriod
Statement explaining	the		Para 1.22	The charity currently	operates	a surplus,
policy for holding reserves				and is expected to continue to		do so in
statin wh the are	held			er etuit .
Amount of reserves	held		Para 1.22	The charity had approximately		GBP4,485
				on account at the end	of December 2021
Reasons for holding	zero		Para 1.22	Reserves are not required
reserves
Details of fund materially		in	Para 1.24	None
deficit
Explanation of any			Para 1.23	None
uncertainties about	the
charity continuing as a going
concern

The charity's principal sources offunds (including	Para 1.4r
any fundraising)
Investment policy and objectives including any	Para 1.46
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity
Other

Structure, Governance	and Man	agement
Description ofcharity's
trusts:
Type of governing document	Para 1.25	Constitution
trust deed, ro al charter
How is the charity	Para 1.25	Charitable	Incorporated	Organisation
constituted?		(CIO)
(e g unincorporated
association, CIDi
Trustee selection methods	Para 1.25	Appointed	by the Board	ofTrustees
including details ofany
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

any person or body entitl to appoint one or more trustees	any person or body entitl to appoint one or more trustees	any person or body entitl to appoint one or more trustees	ed	ed
Additional information			(optional)
You ma	choose to include further statements				where relevant	about:
Policies	and	procedures
adopted	for the induction		and	Para 1.51
training	oftrustees
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

Charit	name			The MaxEm Trust
Other name the charit			uses
Re istered charit		number		1172867
Charity's	principal	address		10Queen Street Place,
				London
				EC4R 1BE

	Trustee name	Trustee name	Office (if any)	Office (if any)		Dates acted if not for whole ear
	Rayhan	Davis	10Queen	Street		Acted for the whole year
			Place,
			London
			EC4R 1BE
	Katrien Gunst		10Queen	Street		Acted for the whole year
			Place,
			London
			EC4R 1BE
	Frewyeni	Kidane	University	of	Oxford	Acted for the whole year
			Development		Office,
			University	Offices,
			Wellington	Square,
			Oxford, OX1		2JD
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Funds held as custodian	Funds held as custodian	trustees on behalf ofothers
Description ofthe assets
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for
safe custody and
segregation of such assets
from the charity's own assets

Names and	addresses of	advisers (Option
Type of	Name	Address
adviser

Signed	on behalf ofthe	charity	's tru
	Signature(s)	)2 (
	Full name(s)	Rayhan	Davis
Position	(eg Secretary,	Chair
	Chair, etc)
		21 Oct	2022