NORTH EASTSTEM FOUNDATION {Registered Charlty No. 1187275) TRUSTEES, REPORT & ACCOUNTS th FOR THE YEAR ENDED 5 APRIL 2022 (Unaudited)
Trustees, Annual Report for the period From 1 April 2021 To 5 April 2022 Charity name.. North East STEM Foundation Chari re istration number: 1187275 Reference and Administratlve detalls Charity name.. North Fèst STFM Foundatiori Registered charity numb&r' 118?275 Cliariiy's priiicipèl addie55. U T C Soulh Durham. Lon8 fens Wav, Ayclille Busine55 Park, Newton Ayilitfp, f)L5 6AP Trustees.. Taiiia Coopcr. Alan Hecior Ross. David Land, Christopher Jame$ 8raithwaite, Thomas Calverley Dowtr, Shirley Atkinson. Structure, Governance and Managernent North East STEM Foundation is a Charitable Incorporated Or8anisation ICIOI set up under conststulion dated 9 January 2020 and re81siered YJ'th the charity commission on 9 January 2020. 11 Ihe Clo is wound up, each member of the CIO Is liable io coniribute to the asseis of the. CIO such amount (but noi rn0 ihan Ell as mèy be. rtr.quired lor paynent ofthe dèbts and liabilities of rhe. CIO CDntracled Defar9. that persoii £*as?s io be a member, lor payinent of the r.n91S, charses ènd expen5e5 01 1ndIng up, and lor adiusiment of the rights of tho coniributing meinbers among ihomselves. Thore must be a minimum ol thTet ond a maximum 0112 charity trustees. Apart from the Iirst charity irustees. every appointed trustee must be appointed for a terffl ol three years by a resolution passed at a propeily convened meeting ol ihe charity tru%tees. In selecting individuals lor appointment 35 appointe¢ charily IrJstees. the charity trJsrees must have reBard to the Skills, knnwledge experienie neeéed the effeclive administration of the Cio. Objectlves and Activities Objective5 The object5 of the CIO Iobjeeisl are for tlie beiielit of the public generally, incrdIng in Young people lin parlicular, but rnot limrted ro those èged 10 10 18 years1 sIding in the North Easl of England Studeits enrolled at Tlip Durham UTC Limito.d 1ir3dinE UTC South l)iJrhaml,. advanrp the education of cliildr8n and young ppIe including (but not liTnited tol in relati?n Io science, teihnolopy, engineering and mathemaiics ISTFMI educaiion.
Power5 The CIO has power io do anything which IS calculaied to further i(s Objects or is conducive or iniidei)ial lo dt)ing 50. 1(} raise fund5 an¢ to invile and receive contributions. The CIO must comply 3$ appr¢priaie 4yith section$ 124 ano 125 tsf the Charities Act 2011. Application of income and pwopÈriy The income and property of the CIO musi be applied solely toward5 the promotion of the Objective5 Activities. Over rhe past twelve months the CIO ha5 manaBed ro secure funding fro private Sector orghnisaiion as well as some Individual donètions plus several established foiindations havè agreed to support the NESF. A fund.rai5ing dinner was arranged and held at then UTC ir, South Durh3Tn wit. over IW pcoplc artending and as well as having a good evening, the CIO rTianèged io raise £40,OCM) Iin£ludii)g donaiionsl which was added Into our fundiiig pot. In tcrms ol donarions. we have received requesr5 from the UTC in South Ourham and the subcommiiiee respunsible for approvii)g donations weFe pleased lo appiove that ieqijesl. The CIO Is now oyenin8 It5 dwafene55 to ihe wider region and will launch 115 websile in mid 2022 as well as raise thv NISI pFn¥ile social medi Publlc beneflt In preparing these accournis ihe irusteès have had reeard 10 Ihe 8uidbnte Issued by rhe. charitv iommission on public benefit. Achlevements and Performance Tl)e maiii objective ol the charity 15 10 contiiiutr to SUVPOft projects Ihal can ensure stiJdeThts Ir()rTI i>rimary a5 well as secondary scliools can gL>r involved and understand the opportuniries S I LM based education can brin8. In essence a cradle to career approach. Our locus and emphasis will now be on suaporting projeknls thal encouiaee student5 gf all ages to get Involved In STEM bJsÈd activities. The pilot has been launched lor our ~Futurè Makers- IFMI project wliich was b.oken dowii iiitu Iwu aieas. SlarliT)8 wilh the priiiiJ'y scliool SI17[5 vilieic IL %vill be badgL.d d5 'STEfvI STARS" ènd proKressin8 inro secondary s.-hool's student5 where -he PToject will be titled "STIPPING Inln 5TF M- We are lookinE lo receive feedback on Ihe pilor before staring the maior Iniliaiive of delivering this pro8ram air05S the Donheast region. Future Makers is a Lnigue project encourJging engagement wilh parenis ard student. utilisinE the oxpcrLiSC of successful ernployer engagement. 3 wodel based cn the dclNery rnode of the UTC. Financial Review Iii Ilie currL'lIt perivd ihe charily ra15Ed £68.475 from ieiurns on Iht fundraising dinner. crjrporate and personJl donations. £14.871 was speiii on coisu ianiv and operational costs for the da ly ruining of ihe Chariiy £34,69il was awarded io qualifying beneficiaries for 5UPPQrt. Year-end reserves were £37 368
Our aim is to cover all operation costs three months ahead. Fir.ancial support to projects will only be committed when the Chafity has 5utticient cash reserves to support its on80ing cosis ènd ihe cost of the projecls. Going concern In the trustees. opinion there are no un¢+.rtainties relating to going concern. Statement of Trustees. responsibilities The trustees are r&sPOllsible for preparing the trustees, Report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standard5 Iuiited Kingdom Generally Accepted Accounling Practice?. Th¢ irusroes are respollsible for keeping adequate accounting record5 Ihat are 5uHicient to show ènd explèin the charity's traTrsaclion5 and di5c105e with reasonable accuracy af any lime the financial position of the charity and enable them to ensure that the financial statcfflent5 comply wilh the Charities Acr 2011, tTr,é Charily IA(counis and RpOrtS) Re8ulatiorns 20()8 and the prowisions of the frusi deed They are also reswnsible for safeguaiding the assets of the charity ond hence for iakinB reasonable steps for Ihe prevention and deiection ol Iraud and Approved by or(lei of ihe mombers ol the board ol trustees on.. sl8ned on their beh3,I bv
CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Rèport to the tru5teesl members of North East STEM Foundat)n On accounts lor the year ended 5 April 2022 Charity no lif anyl 1187275 Svt out on pages 6-7 I report lo the trustees on my examination of the accounts ol the above charity I'lhe Trust") far the year ended 5 Aprl 2022. R8sponsibilitl8s and basls of report As the charity's Ifuslees. you ale responsible lor the prepaialion LTrf the a¢cc>Lnts In ac¢ordan¢e with the requiremen15 01 the Charilies Act 2011 I'the Acl'l I report In respect ol my examination of the Tiusl's accounts c8rried out under section 145 of the 2011 A¢1 and In carrying out my examinalitsn, I have lolltswed all the applicable Directions given by the Charity Commission unclcr section 1451511bi o,. the Act.
Independent examiner's statement I have Completed my exarnination. I canlifm that no material matters have come lo my attention In ¢orieclion with the examinabon whi¢h give5 me cause lo believe thaf in, any material respe the accounting records were nol kept In acLordance wilh section 130 of th8 Charil,es Act or the accounts did not accord with the accounting records". tsr I have no concems and have come au05s no other matters in connection with the examin*ion to whi-h altention should be drawn in this report In ordèr to enable a propèr undèfstanding of the accourls lo be reached. Signed.. Date: 9 D8cemb8r 2022 Name.. Healher O'Driscoll FCA Relevant prolessional qualilicationl51 or body lif anyl.. Inslilule of Chartwed Aceounlanls England and Wales Addres5: Waltons Business Advisers Limited Maritime House HarboLtr Walk The Marina Hartlepool TS24 OUX
CHA(tITY COMMISSION FOR EP4GLAND ANU WAL- NORTh EA5" sirpi=OLb4D4TION Recei ts and mènts accounts CC16a For wrioo from Tts Section A Receipts and payments Ui'iestlicled lund• tunos funds Total lunds tuth Al Re¢el 7c.o 11 145 JJ.9$6 Seo ta Tol•lrnc•spls Sub total A4 Asset and In¥e6trn•nl pur£ha8oB. I• tabloi Sub lotHI rotalp•yfftefttS Net olroceiptw(paymenis) AS TTènslerS between funds A6 Casb funds last y¢ar trnd CBsh ihjs CCXX Qi ac(wilsiss.' 091ICZ2
Section B Statement ol assèts and liabilities at the end of the period ustctd funds Rgstrictq funds Enoorn#nT ftinds CatEgorie5 B1 Cash lund T5rDJ¢lI¢e 17Jl Tot•l¢•h luftds Rostnctod lunds EndoY4mqnt funds fundx B2 Othr mon•lary u$•ts FurOtoAirh D¢tail$ CMI 1¢obon B3 Inv•iim•nl ¥#•ti rJ4tAIls B4 Ais•ti r•lalned loi the chJrlty'A own us• S DV onc orMrtrJslcc3 Qr hoI all SIall11e Da'.e ol CCXX Q2 Iss.. 98.'09.'2022