PRINCESS STREET TRAINING EDUCATION &
ENTERPRISE CENTRE
FINANCIAL STATEMENTS AND ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
Registered Charity Number.. 1122032

PRINCESS STREET TRAINING EDUCATION & ENTERPRISE CENTRE
Reports and Accounts for the Year Ended 31 December 2023
General Information
Independent Examiners Report
Income and Expenditure Statement
Balance Sheet
Notes to accounts

PRINCESS STREET TRAINING EDUCATION & ENTERPRISE CENTRE
GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023
ORGANISATION: Princess Street Training Education & Enterprise Centre
ADDRESS:
25-28 prIn￿sS Street
Burton on Trent
Staffordshire
DE14 2NW
BANKERS:
HSBC 8ank
18 High Street
Burton on Trent
Staffordshire
DE14 1HU
Nahyest Bank
59 High Street
Burton on Trent
Slaffordshire
DE14 1JG
ACCOUNTANTS: AM Chartered Management Accountants
47 Branston Road
Burton on Trent
Staffordshire
DE14 3BY

Princess Street Training Education & Enterprise Centre
Independent Examiner's Report
To the trustees of the Prlncess Street Training Education & Enterprise Centre IPSTEECI
I report on the accounts ofthe charty forthe year ended 31 December 2023.
Respe¢tlve responslblllties of trusteès and exarniner
The charities Trustees are responsible for the preparation of the accounts. The CharIt￿S Trustees
consider that an asjdit is not required for this year under section 144121 of the Charities Acl 2011 (the
2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not
subject to audit under company law and is eligible for indeFendent examination, It is my responsibility to..
examine the accounts under section 145 of the 2011 Acl",
to follow the procedures laid down in the General Directions given by the Charity Commission under
section 14515){b) of the 2011 Act., and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with General Directions given by the Charity Commission.
An examinalion includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures
in the accounts and seeking explanations from the trustees conceming any such matters. The procedures
undertaken do not provide all the eviden￿ that would be required in an audit, and consequently no
opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those
matters set out in ststement telow.
Independent Examiner's Ststement
In connection with my examination, no matter has come to my attention other than that disclosed below
which gives me reasonable cause to believe that in, any material respect, the requirements.. to
keep accounting records in accordan￿ wrth section 41 of the Act and to prepare accounts which
accord with the accounting records, comply with the accounting requirements of the 1993 Act and
with the melhods and principles of the Statement of Recommended Practi￿.. Accounting and
Reporting by Charities
have not been met,. or
2. to which in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Atif Mahfooz ACMA CGMA
AM Chartered Management Accountants
47 Branston Road
Burton on Trent
Staffordshire
DE14 38Y
Date.. 18th October 2024

Princess Street Training Education & Enterprlse Centre
Detailed Income and Expenditure Account
for the Year ended 31st December 2023
2023
2022
Income
Grants & Donations received
Interest Received
77.701
1,937
53.707
79,637
63.707
Expenditure
Staff Costs
Ulilrties
Insuran
Project Costs
Post and Stationery
Advertising
IT & Telecoms
Cleaning
Repairs & Renewals
Bank Charges
Legal Fees"
Legal & Professional
Security
Sundries
Depreciation
29,063
3,238
2,366
7,403
15
1.140
1,691
400
6,452
32,342
3,250
2,098
854
726
1,888
111
1,083
60
20,808
450
2.679
283
345
450
839
120
421
76.333
46,108
NET INCOME FOR PERIOD
3.304
7.599
Note to Legal Fees
An Une￿cted group of people took over the charity which leases the building from which PSTEEC
operates from and tr￿d to terminate the lease. Legal proceedings were pursued by the Iruslees of
PSTEEC at Birmingham High Court against these individuals and Ihe issue was raised with the Charty
Commission which enforced elections al the charity. Following Ihe conclusion of the legal proceedings,
the unelected group were found to be personally liable for the breaking of the lease and ordered to pay
costs, which we expect to re￿1ve in 2024.

Princess Street Tralning Educatlon & Enterprlse Centre
Balance Sheet
as at 31 December 2023
Notes
2023
2022
Flxed Assets
Land & Buildings
Other Tangible Fixed Assets
645,356
1,572
645,356
1,918
646.928
647,274
Current Assets
Restricted - Cash al bank
Unreslricled - Cash at bank and in hand
Debtors
200,000
54,099
2C￿,000
49,562
4.892
Current Llabllltles
3,700
7.705
Net Current A8$ets
250,399
246,749
Net Assets
897 327
Fln•nced By:
Accumulated Funds
Income & Expenditure
894,023
£3,304
886,424
£7,599
897 327
894 023
Cllent Approval Cortlflcale
We approve the financial statements for the year ended 31 December 2023.
We confirm..
We have made available to AM Chartered Management A¢¢ountants all ofour accounling
records and have provided all of the infornation necessary for the preparalion of the
financial statements,.
To the best of our knowledge and belief, the accounting records reflect all the transactions
entered into by us in the period covered by the financial statements.
Approved and authorised for issue by the Trustees on 18 October 2024
41-IL
Amjid Murtza
Chair Trustees

Princess Street Training Education & Entsrprise Centre
Notes to the Accounts
For the year ended 31 December 2023
1 Accounting Policies
The accounts have been prepared under the historical cost conventions and in accordance with the
Staternenl of Recommended Practice - Accounting and Reporting by Charities SORP IFRS102).
The pnncipal accounting policies adopted in the preparation of th8 financial statements are sel out below.
Donations and Voluntary Income
Donations and voluntary income are accounled for gross vthen re￿Ived.
Grants Recelvable
Grants for immediate expenditure are accounted for when they tecome rèceivable.
Tanglble Flxed Assets and Depreciation
Fixed assets for charity use are capilalised at cost where acquired or market value as detemiined by Ihe
trustees when donated. They are stated in the financial statements al cost or original value less
depreciation.
Depreciation is calculated lo write off the cost or valuation of the fixed assets at 18 /0 per annum.
AllocatSon of costs
Where items involve more than one category they are apportioned on a basis consistent with the use of
the resource.
2 Grants and donatlons rocelved
2023 Totsl
£44,544
£11.300
£12,247
£9,609
£1.937
Grants
Joint Projects
Donations
Room Hire
Interest Received
Total
£79,637
3 Trustses romuneratlon and expenses
No remuneration was paid or is payable for the year out of the funds of the charity, either directly or
indirectly, to any trustee or person known to be connected to any trustee.
4 Taxatlons
No liability to UK Corporation Tax arose on ordinary activities for the year ended 31 December 2023
{2022 - Nil)
S Funds
The assets and liabilities are represented by the following funds.
Restrlctsd
Unrèstrlcted
Total
Fixed Assets
Net Current Assets
645,356
200,000
1,572
85,767
646,928
285,767
845,356
87,339
928,995