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The Sturgeon Foundation 1203033
Receipts and payments accounts CC16a
For the period 01/04/2025 31/03/2026
To
from
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
Sturgeon Capital Limited - regular 26,861 - - 26,861 10,903
Sturgeon Capital Limied - establishment - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for AR) 26,861 - - 26,861 10,903
A2 Asset and investment sales, (see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 26,861 - - 26,861 10,903
A3 Payments
University of Tashkent scholarships 10,080.12 - - 10,080 4,835
Westminster University in Tashkent scholarships 14,886.63 - - 14,887 5,876
Legal costs - - - - -
Website development - - - - -
Marketing - - - - -
Administration 1,061 - - 1,061 123
Travel - - - - 163
Bank Charges 139 - - 139 126
Other 923 - - 923 98
Sub total [ 27,090 ] - - 27,090 11,221
A4 Asset and investment purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 27,090 - - 27,090 11,221
Net of receipts/(payments) - 229 - - - 229 - 318
A5 Transfers between funds - - - - -
A6 Cash funds last year end 879 - - 879 1,198
Cash funds this year end 650 - - 650 879
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CCXX R1 accounts (SS) 23/06/2026 1 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**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**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Contributions receivable (Sturgeon Capital)
Virgin Money - GBP
**Details**
**Details**
**Details**|**Unrestricted**
**funds**
**to nearest £**
**650**
**-**
**-**
**650**
OK
**Unrestricted**
**funds**
**to nearest £**
**5,121**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
OK
**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Amount due**
**(optional)**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |||||**-**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**| ||Payables (Sturgeon Capital)
Programme Manager (Mar 26)|
**- 3,730**
**- 1,134**|**-**
**-**
**-**
**-**
**-**|| ||Signature|Print Name
Robin Butler||Date of
approval
**23/06/2026**| CCXX R2 accounts (SS) 23/06/2026 2 ## **Trustees’ Annual Report for the period** ## **From: 1 April 2025 To. 31 March 2026** ## **Charity name: The Sturgeon Foundation** ## **Charity registration number: 1203033** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the purposes of Para 1.17 To advance education in the area of
the charity as set out in its benefit in particular by but not limited to
governing document awarding scholarships, grants and
educational allowances to students or
educational institutions.
Summary of the main Para 1.17 and The Sturgeon Foundation has provided
1.19
activities in relation to those higher education tuition scholarships to
purposes for the public students studying STEM subjects in
benefit, in particular, the Uzbekistan.
activities, projects or
services identified in the
accounts.
Statement confirming Para 1.18 Trustees have had regard to the
whether the trustees have 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 may choose to include further statements where relevant about:
SORP reference
Policy on grant making Para 1.38 The Sturgeon Foundation makes tuition
grants directly to university for students
selected to be Sturgeon Scholars. The
students are selected via written
application and interview. The students
pursue their degrees in their home
country. Half of the scholars are
women.
Policy on social investment Para 1.38 The Sturgeon Foundation has made no
including program related investments.
investment
Contribution made by Para 1.38 The volunteers of the charity are the
volunteers trustees who in addition to running the
scholarship also mentor or otherwise
assist the scholars.
Other
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## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
Summary of the main Para 1.20 We appointed eleven (PY: five) scholars
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||SORP reference|| |---|---|---| |Summary of the main|Para 1.20|**We appointed eleven (PY: five) scholars**| |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.||**at two universities in Tashkent and held**
**a reception as well as informal meetings**
**with the scholars in Tashkent. We**
**continue to assist the scholars and**
**alumni with career advice and**
**mentoring.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**Our objective has been to further**
**stabilise and promote the foundation**
**and its work. We have done so through**
**participation in educational events and**
**by hiring a part time programme**
**manager to develop our activities. Our**
**goal next year is an increase in**
**scholarships and exploring external**
**fundraising avenues.**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**We achieved our goal of increasing the**
**number of current scholars and aim to**
**do the same next year.**| |Investment performance
against objectives|Para 1.41|**We do not have investments.**| |Other||| ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21 During the period the charity received
financial position at the end funding from Sturgeon Capital Limited
of the period totalling £26,861.
£2,123 was spent on admin costs for the
charity.
£24,967 was deployed in scholarships.
£650 is held in reserves (see below).
Statement explaining the Para 1.22 Funds received during the period which
policy for holding reserves were not deployed in scholarships are
stating why they are held held for deployment in future
scholarships as well as for
administrative costs.
Amount of reserves held Para 1.22 £650
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a going
concern
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Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 The source of funds is Sturgeon Capital,
sources of funds (including the originators of the scholarships.
any fundraising)
Investment policy and Para 1.46 N/A
objectives including any
social investment policy
adopted
A description of the principal Para 1.46 The principal risk is the geopolitical
risks facing the charity situation in Central Asia and the
Caucuses where our current scholars
are located and where we hope to
expand. This would affect not only our
scholars but our UK funder.
Other
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## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**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|**The Board of Trustees includes six**
**trustees. Sturgeon Capital may appoint**
**no more than two trustees. Currently**
**there are four independent trustees who**
**may be reappointed by the board at the**
**end of their 3 year term.**| **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|**The Sturgeon Foundation has a**
**relationship with Sturgeon Capital, the**
**current funder of the scholarship. They**
**provide administrative and practical**
**support.**| |Other||| ## **Reference and Administrative details** **----- Start of picture text -----**
Charity name The Sturgeon Foundation
Other name the charity uses
Registered charity number 1203033
Charity’s principal address 1a Britannia Street
London, WC1X 9JT
United Kingdom
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Carol Graham Chair
2 Saul Tendler Vice Chair Resigned 20/01/25
3 Robin Butler Treasurer Sturgeon Capital
4 Glenn Svensson
5 Kiyan Zandiyeh Sturgeon Capital
6 Aziza Zakhidova
7 Gulnara Yunusova
8 Mary Stiasny
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 None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A 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)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|| |---|---| ||Robin Butler| ||
Treasurer| ||23/06/2026| ||23/06/2026|