**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name The MaxEm Trust **members of On accounts for the year** 31 December 2022 **Charity no** 1172867 **ended (if any) Set out on pages** 1-12 (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 31/12/2022. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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.
13 Jul 2023 **Signed: Date:** ~~Joel Courts~~ **Name:** J A Courts **Relevant professional** ICAEW **qualification(s) or body (if any): Address:** HW Fisher LLP, Acre House, 11- 15 William Road London, NW1 3ER
1
**IER**
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THE MAXEM TRUST 1172867
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/01/2022 31/12/2022
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 71,000 - - 71,000 8,640
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
71,000 - - 71,000 8,640
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 71,000 - - 71,000 8,640
A3 Payments
Legal fees 1,020 - - 1,020 855
Accountancy fees 1,722 - - 1,722 3,281
Insurance 314 - - 314 296
Donations to University of Oxford 67,956 - - 67,956
Processing fees - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 71,012 ] - - 71,012 4,432
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 71,012 - - 71,012 4,432
Net of receipts/(payments) - 12 - - - 12 4,208
A5 Transfers between funds - - - - -
A6 Cash funds last year end 4,485 - - 4,485 277
Cash funds this year end 4,473 - - 4,473 4,485
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06/07/2023
CCXX R1 accounts (SS)
2
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**
**B2 Other monetary assets**
**B1 Cash funds**|Signature
**Details**
**Details**
**Details**
**Details**
Current account
Deposit account
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Rayhan Davis|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**4,473**
**-**
**-**
**-**
**-**
**-**
**4,473**
**-**
OK
OK
**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
Rayhan Davis|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
|---|---|---|---|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
13 Jul 2023|
06/07/2023
CCXX R2 accounts (SS)
3
## **Trustees’ Annual Report for the period**
## **From 01/01/2022 Period start date To Period end date**
## **31/21/2022**
## **Charity name: MaxEm Trust**
## **Charity registration number: 1172867**
## **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|
4
|||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
5
## **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.**
**In the past year,**
**• 11 first year students recruited onto**
**the programme each matched with 3**
**mentors**
**• 19 applications were received, 16**
**students interviewed**
**• 33 new mentors were recruited to the**
**programme**
**Feedback from the programme has been**
**excellent from both mentors and**
**mentees, with 100% of mentors being**
**keen to be considered as a mentor in**
**the future, and 100% of mentors being**
**keen to recommend the programme to**
**colleagues and others. For the mentees**
**97% would recommend the programme**
**to a fellow student, and 100% would**
**consider being a mentor in the future.**
**Future funding to The University of**
**Oxford includes, £132,650 for three**
**years which equates to £44,217 per**
**annum proposed to be provided to**
**University for the academic year 2022-**
**23.**|
**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||
6
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**
**4,473 on account at the end of**
**December 2022.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The charity has a small amount of deficit**
**in current year, however expected to**
**continue with surplus in perpetuity.**|
|Amount of reserves held|Para 1.22|**The charity had approximately GBP**
**4,473 on account at the end of**
**December 2022.**|
|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**|
**Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**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||
|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|||
8
## **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 training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|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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9
## **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
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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**
10
## **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**
11
**Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|
Rayhan Davis|
|---|---|
||Rayhan Davis
|
||
Chair|
||
13 Jul 2023|
||
13 Jul 2023|
12