2025-12-31-accounts - The Maxem Trust

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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 Dec 2025 Charity no 1172867 ended (if any) Set out on pages 1-14 (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 / 2025 .

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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) 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.

Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:	MarkTaylor	13 May 2026

	Mark Taylor

	ICAEW

	HW Fisher Professional Services Limited, Acre House
	11-15 William Rd, London
	NW1 3ER

IER

THE MAXEM TRUST	THE MAXEM TRUST	THE MAXEM TRUST	1172867
Receipts andpayments accounts
For the period from	Period start date 01/01/2025	To	Period end date 31/12/2025

CC16a

For the period Period start date Period end date To from 01/01/2025 31/12/2025

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donations	40,000	-	-	40,000	29,000
Gift Aid	-	-	-	-	35,017
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	40,000	-	-	40,000	64,017

A2 Asset and investment sales, (see table).
	-	-	-	-
	-	-	-	-	-
*Sub total*	-	-	-	-	-
*Total receipts* A3 Payments
					64,017

Legal fees	1,367				1,302
Independent examination	2,101				1,978
Insurance	374				363
Donations	45,000				33,862
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	48,842				37,505

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*
					37,505

	- 8,842	-	-	- 8,842	26,512
	-	-	-	-	-
	28,246	-	-	28,246	1,734
	19,404	-	-	19,404	28,246

CCXX R1 accounts (SS)

12/05/2026

Section B Statement of assets and liabilities at the end of the period

(agree balances with receipts and payments account(s)) Details Current account Deposit account *Total cash funds* Details	Unrestricted funds to nearest £ 19,404 - - 19,404 OK Unrestricted funds to nearest £	Restricted funds to nearest £ - - - - OK Restricted funds to nearest £	Endowment funds to nearest £
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			-
			-
			-
			OK
			Endowment funds to nearest £
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
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Details Details Signature Rayhan Davis	Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name 13 May 20		Current value (optional)
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			When due (optional)






			Date of approval
Rayhan Davis	13 May		26

CCXX R2 accounts (SS)

12/05/2026

Trustees’ Annual Report for the period

From 01/01/2025 Period start date To Period end date

31/12/2025

Charity name: The 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 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

	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. 2025 will be the final year of operation of the Promentor Programme, as the University’s Career Service will fund the alumni mentoring scheme set up by the Programme though alternative sources. A summary of the main achievements of the Promentor Programme are below: 1.Since 2018 the Programme has supported 10 students per year from low socio-economic backgrounds to establish mentoring relationships with a range of experienced professionals. In 2023/24, it expanded to include Foundation Year students for the first time. 2. Programme Aims The programme combined targeted mentor matching with strategic outreach to support and engage students from underrepresented backgrounds and match them with an experienced professional interested in mentoring. The programme was aimed at students who came from backgrounds with fewer connections in their areas of career interests with the aim of: •Building confidence and fuelling motivation to pursue their desired career path. •Offering the mentees expert insight from those currently within the industry; increasing the understanding of a particular sector/organisation/job role. •Presenting the opportunity to cultivate and enhance important employability skills. •Opening up networking opportunitiesand interested alumni are also invited.

3.	Key Features
	•Mentor Introductions: Students were
	introduced to two established Oxford
	alumni in their fields.
	•Travel Support: Option to reimburse
	travel costs for visiting mentors at
	their workplaces.
	•Participatory Award: Students
	received an annual award for full
	engagement.
4.	Programme Highlights:
	•80 students participated in the
	programme.
	•114 alumni mentors were matched
	with students.
	•75+ alumni engaged with the
	programme overall.
	•80+ participants joined the
	dedicated Promentor LinkedIn
	Group.
5.	Impact of Programme
	The Programme, whilst targeting a
	small cohort of students, has had a
	significant and lasting impact on the
	students who participated in a
	number of ways:
	Career Exploration & Networking
	•Mentees have gained direct
	exposure to careers and industries
	otherwise inaccessible online.
	•They have had access to
	professional networks through
	alumni connections.
	•They have gained clarity on career
	paths, enabling focused goal-
	setting early on.
	Skill Development & Confidence
	Building
	•Improved self-esteem and
	“professional presence” by
	engaging with established
	professionals.
	•Enhanced time management,
	networking, and decision‑making
	abilities.

Academic & Professional
Guidance
•Help with selecting options,
internships, and refining CVs or
applications.
•Tailored advice aligned to mentee-
specific academic journey and
goals.
Long-Term Support &
Empowerment
•Many of the mentee/mentor
relationships have continued
beyond the official terms —
evolving into long-term support.
•Alumni involvement fosters a
lasting community around widening
participation.
The Programme has been key in
supporting students in building
professional networks. This has
been crucial for this cohort of
students as many do not have
access to industry contacts through
family or social circles.
Feedback from the programme has been
excellent from both the mentors and
mentees, with 100% of mentors agreed that
the programme met their expectations. For
the mentees 100% agreed that the
programme helped them think about
employability and fueled their motivation to
pursue their desired career path with
confidence and 94% agreed that the
programme offered expert insight into their
chosen industry, increasing their
understanding of a particular sector /
organisation / job role. 97% agreed that the
programme allowed them to reflect on and
cultivate their employability skills and agreed
that the programme opened networking
opportunities. 97% agreed that the
programme met their expectations, 94%
agreed that mentoring partnerships were a
good match and would consider being a
mentor in the future.
In light of the University taking the Promentor
Programme initiative in-house, the Trust will
be looking to establish an alternative path to
supporting students from low socio-
economic backgrounds going forward. This
will most likely take the form of bursaries to
support the accommodation and living
expenses for lower-income students.

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 19,404 on account at the end of December 2025.
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 19,404 on account at the end of December 2025.
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:

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 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	During the year charity received donations of £40,000 (2024: £29,000) from trustee Rayhan Davis without any conditions.
Other

Reference and Administrative details

Charity name	The MaxEm Trust
Other name the charity uses
Registered charity number	1172867
Charity’s principal address	C/O Sedulo London Office 605 Albert House 256 to 260 Old Street London United Kingdom ECIV 9DD

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Rayhan Davis	C/O Sedulo London Office 605, Albert House256 to 260 Old Street, London, United Kingdom, ECIV 9DD	Acted for the whole year
Katrien Gunst	C/O Sedulo London Office 605, Albert House256 to 260 Old Street, London, United Kingdom, ECIV 9DD	Acted for the whole year
Frewyeni Kidane	University of Oxford Development Office, University Offices, Wellington Square, Oxford, OX1 2JD	Acted for the whole year but resigned as trustee on 19thMarch 2026

– 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

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Ra han Davis y Full name(s) Rayhan Davis Position (eg Secretary, Chair Chair, etc) Date 13 May 2026