PRINCESS STREET TRAINING EDUCATION &
ENTERPRISE CENTRE
FINANCIAL STATEMENTS AND ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2024
Registered Charity Number: 1122032

PRINCESS STREET TRAINING EDUCATION & ENTERPRISE CENTRE
Reports and Accounts for the Year Ended 31 December 2024
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 2024
ORGANISATION: Princess Street Training Education & Enterprise Centre
ADDRESS:
25-28 Princess Street
Burton on Trent
Staffordshire
DE14 2NW
BANKERS:
HSBC Bank
18 High Street
Burton on Trent
Staffordshire
DE14 1HU
Natwest Bank
59 High Street
Burton on Trent
Staffordshire
DE14 1JG
ACCOUNTANTS: AM Chartered Management Accountsnts
47 Branston Road
Burton on Trent
Staffordshire
DE14 3BY

Princess Street Training Education & Enterprise Centre
Independent Examiner's Report
To the trustees of tho Prlncess Streat Tralnlng Educatlon & Entsrprlse Centre (PSTEEC)
I report on the accounts of the charity for the year ended 31 Decemb8r 2024.
Respectlve responslbllltles of trustees and examlner
The charities Trustees are responsible for the preparation of the accounts. The charities Trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 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 independent examination, It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under
section 145{5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basls of Independent Examlner's Statement
My examination was carried out in accordance with General Directions given by the Charity Commission.
An examination 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 concerning any such matters. The procedures
undertaken do not provide all the evidence 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 statement below.
Independent Examiner's Statement
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 accordance with s8Ctlon 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 methods and principles of the Ststement of Recommended Practice: Accounting and
Reporting by Charities
have not been met; or
2. to which in my opinion, att8ntion should be drawn in order to enable a proper understanding of
the accounts to be reached.
Atrf Mahfooz ACMA CGMA
AM Chartered Management Accountants
47 Branston Road
Burton on Trent
Staffordshire
DE14 3BY
Date: 20th October 2025

Prlncess Street Training Educatlon & Enterprise Centre
Detailed Incomo and Expendlture Account
for the Year ended 31 st December 2024
2024
2023
Incom•
Grants & Donations received
Reimbursed Legal Fees .
Interest Received
138,283
50.000
2,687
77,701
190,971
1.937
79,637
Ex￿ndIture
Staff Costs
Utilities
Insurance
Project Costs
Post and Stationery
Advertising
IT & Telecoms
Cleaning
Repairs & Renewals
Bank Charges
Legal Fees
Legal & Professional
Security
Sundries
Depreciation
35,008
3,067
2,641
4.735
27
1,260
4,072
471
29.063
3,238
2.366
7.403
15
1,140
1.691
400
6,452
37,001
1,893
2.550
989
20,808
450
2,679
283
345
513
283
95,468
76,333
NET INCOME FOR PERIOD
95,503
3,304
Note to Reimbursed Legal Fees
An unelected group of people took over the charity which leases the building from which PSTEEC
operates from and tried to terminate the lease. Legal proceedings were pursued by the trustees of
PSTEEC at Bimiingham High Court against these individuals and the issue was raised with the Charity
Commission which enforced elections at the charity. Following the 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 of £50.000 which were received in 2024.

Prlncess Strttt Trainlng Education & Enterprise Cantre
Balance Sheet
as at 31 December 2024
Notes
2024
2023
Flxed Assets
Land & Buildings
Other Tangible Fixed Assets
645,356
1,289
645,356
1,572
646,645
646,928
Current Assets
Restricted - Cash at bank
Unrestricted - Cash at bank and in hand
Debtors
200,000
146,835
200,000
54,099
Current Llabllltle8
650
3,700
Not Current Assots
346,185
250,399
Net Assets
992 830
897 327
Flnan¢ed By:
Accumulated Funds
Income & Expenditure
897,327
£95,503 992 830
894.023
£3.304
897 327
Cllent Approval Certlflcate
We approve the financial statements for the year ended 31 December 2024.
We confirm:
We have made available to AM Chart8red Management Accountants all of our accounting
records and have provided all of the infomation necessary for the preparation 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 20° October 2025
Amjid Murtza
Chair Trustees

Princess Street Tralnlng Education & Enterprise Centre
Notes to the Accounts
For the year ended 31 December 2024
1 Accounting Policies
The accounts have been prepared under the historical cost conventions and in accordance with the
Statement of Recommended Practice - Accounting and Reporting by Charities SORP {FRS102).
The principal accounting policies adopted in the preparation of the financial statements are set out below.
Donations and Voluntary Income
Donations and voluntary income are accounted for gross when received.
Grants Receivable
Grants for immediate expenditure are accounted for when they become receivable.
Tanglble Fixed Assets and Depreciation
Fixed assets for charity use are capitalised at cost where acquired or market value as determined by the
trustees when donated. They are stated in the financial statements at cost or original value less
depreciation.
Depreciation is calculated to write off the cost or valuation of the fix8d assets at 18 % per annum.
Allocatlon of costs
Where rtems involve more than one category they are apportioned on a basis consistent with the use of
the resource.
2 Grants, donations and income roceived
2024 Total
£11,942
£102.775
£4,385
£19.182
£2,687
£50,000
Grants
Joint Projects
Donations
Room Hire
Interest Received
Legal Fees Re-imbursed
Total
£190,971
3 Trustees remuneration 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 twstee or ￿rsOn 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 2024
(2023- Nil)
5 Funds
The assets and liabilities are represented by the following funds.
Restrlctod
Unrestrlcted
Total
Fixed Assets
Net Current Assets
645,356
200,000
1,289
146.185
646,645
346,185
845,356
147,474
992,830