NORTH EAST STEM FOUNDATION (Registered Charity No. 1187275) TRUSTEES, REPORT & ACCOUNTS th FOR THE YEAR ENDED 5 APRIL 2024 (Unaudlted)
Trustees, Annual Report for the period Frorn: 6 Aprll 2023 to S Aprll 2024 Charity name: North East STEM Foundatlon Charlty reglstration number: 1187275 Reference and Administrative details Charity name: Registered charity number.. Charity'5 principal address.. North East STEM Foundation 1187275 U T C South Durham, Lon8 Ten5 Wav. Aycliffe 8u5inÈss Park, Newton Aycliffe, DL5 6AP Tru5tee5-. Tania Coaper, Amy Elizabeth Smlth, Catherine Marchant. Rlchard lack50n Hogg, Alan Hector Ross, Thomas Calverley Dower, Christopher James 8ra%thw3ite, David Land Structure, Governance and Management North East STEM Foundation is a Charitable Incorporated Orgamisatlon ICIOI set UP LEnder a constitution dated 9 january 2020 and registered with the £harity commission on 9 January 2020. If the CIO is wound up, each mernber of the CIO is liable to contribute to the 355ets of the CIO such amount Ibiit not more than £1) as may be required for payment of the debts Bnd Ilabilities of the CIO contracted before that person ceases to be a member, for payment of the costs. charges and expenses of winding up. and for adjustmeiit of the ri8hts of the contributlll8 members amon8 themselves. There must be a minimvm of three and a maxlmum of twelve charity trustees. Apart from the first rhaflty tru5tee5, Every appointed trust¢6 must be appointed for a term of three years by resolution passed at a propeTly conver%ed meetin8 of the charity trustees. In selecting individua15 for appoinlmeiit as appointed charitytrustees, the charity trustees must have ward to the skllls, knowledge and experient* nopded for the effective administration of the CIO. QbjectlvÈs and Activitles Objectives The objects of the CIO (Objectsl are for the benefit of the publlc generally, In¢l(rding in particular (but not limited tol.. Young people lin particular, but not Ilmlted to those aged 10 to 18 yearsl residing in the North East of England, Students enrolled at The Durham UTC Limlted Itrading as UTC South Durhaml.. to advancE the education nf children and young people includlng (but nDt Ilmited tol in relation to sdence, tethnology, engineering and mathematics ISTEMI education.
Powers The CIO ha5 power to do anythlng which is calculated to further Its Object5 or Is conduclve or incldental to doing $0, to raise funds and to invite and Yecelve contributions. The CIO must Comply as appropriate with sections 124 nd 125 of the Charities Act 2011. Applicaiion of income and property - The Income and property of the CIO must be applied solely towards the promotion ol the Objectives. Actiyitles. We have now established governance, due dillgence and operational processe5 for Enanagement and distribution of 8Tants. Post covld actlvlties have been slower than anticipated in fund raising. however we are now seelnB 511PPOrt on a matched funding basis with time and iesource5 from Industry. Public benefit In preparing these account5 the trustees have had rega¥d to the guidance issued by ihe charity commission on public benefit. Achievements and Performance Over the past year, we have had the privilege of supporting over 5,000 students across the North East through a diverse range of initiatives, partnershlps. and events designed to insplre the next generation of innovators. l. Fulure Maker Programme Reach= Delivered interactive STEM days to 1.300 primary students from 38 regional schools. o Partnershlps.. Hosted events in collaboration with Institution5 such as Hartlepool College, Newcastle, Northumbria, and Sunderland Universities. with more planned. Purp05e.' These event5 spark £urio51tyi foster innovation, and build confidence in thlldren from diverse backgrounds. 2. Supporting Schools and Students Partnered with Spark Tee5 Valley to fund STEM resources for 10 additiona1 primary schools, benefiting 3,000 students. Supporterl Tanfield School's participation in the VEX Vlrtual Robot Code fin31s in Dallas, Texas, Showcasing local talent on an international stage. 3. Ongolng Collaboratlons Continued partnership with UTC South Durham. supporting transport costs, Future Maker events, and initiatlves like thelr Amateur Radio programme, which equips students with fundamental communication technoloEy skills. 4. New Initiative5 Launched a partnership with RTC North'5 STEM HUB to pilot a sfEM Pupll Passport Programme for primary and secondary students. set to launch in November. 5. Advocacy for Dedicated STEM Schools Championed the creation of more dedicated STEM schools across the North East and urged industry partners to lend their voice5 of support through formal endorsements. This year, we launched the Future Shaper5 Membership Programme, enabling companies to align their Corporate Social Responsibility goals with our mission.
The North East STEM Foundation is committed to continuing our mission of empowering young people. With plans to expand our Future Maker programme. deepen partnerships, and pilot new initiatives, we remain steadfast in our vislon of a region where every child can access opportunities in STEM. Financial Review In the CrreTrt period the charity raised £119.882 from returns on the fvndraising dinner. corporate and personal donations. £25,914 was spent on consultancy and operatlonèl cost5 for the daily running of the Charity. £20.440 was awarded to quallfyln8 beneficiailes for support. Year-end resesves werp £104,036. Our aim 15 to cover all operation costs three rnonth5 ahead. Flnancial 5UPPOrt to piojects will only be ctsmmltled when the Charlty has sufficlent cash ServeS to support its ongolng costs and the cost of the prolerts. Going concern In the tWStees' opinion there are no uncertaintie5 relating to going concern.
Statement of Trustees, responslbilities The trustees a responsible for preparlng the trustees, Report and the fiThaTrci31 statements in accordance with applicable law and United Kingdorr A£Eounting Standards (United Kingdom Generally Accepted Accounting Practice). ThE trustees are responsible for keepin8 adequ8te accounting records that are sufficient to Show and explaln the charlty's transactions and disclose with reasonable accuracy at any tlme the financial pijsltion Df the charity and enable them to ensure that the financial statement5 comply with the Charities Act 2011, the Charity (AccontS aod Reports) Regulation5 2008 and the provislons of the Trusi deed. They are a150 responsible for safeguardlng the assets Df the charity and hence for takin8 reasonable step5 loi the prevention and detection of fraud and other irre8ularitie5. Approved by order of the members of the board of trv5tees Qn .... signed on their behalf bv...
CHARITY COMMISSION | FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of North East STEM Foundation On accounts for the year ended 5 April 2024 Charlty no Ilf any) 1187275 Set out on pages I report to the trustees on my examination of the accounts of the above charity {'Ihe Tru51) for the year ended 5 April 2024. Responslbllltles and basls of report As the charills ITUStees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 C'lhe Act"). I report in respect of my examinalior¢ of the Trust's accour¢ts carried out under section 145 of the 2011 Act an¢J in carying out my examination. I have followed all the applicable Directions given by the Charity Commission nder section 145(5}(b) of the Act.
Independent examiner's statement I have completed my examination. I confim that no material matters have come lo my attention in connection with the examination which gives me Cause to believe that in, any material respect. the accounting records were not kept in accordan with $e¢tion 130 of the CharitS Act., or the accounts did not accord with the accounting rewrds. or I have no coneerns and have come aeross no other matters in connection wtth the examination to which attention shoukj be drawn in this report in order to enable a Proper understsnding of the accounts lo be reached. Signed: Date- Nam9: Heather O'Driscoll FCA Relevant profo$$ional quallficatlon{s} or body {5f any): Insti(ute of Chartered Accountants England and Waks Address.. VVaKons Business Advisers Limited Maritime House Harbour Walk The Marina Hartlesy)oI TS24 OUX
CHARITY COMMIS510 FOR ENGLAND AND WALIS NORTH EAST STEM FOUNDATION Receipts and payments accounts CC16a For Ihe period rrom To Section A Receipts and payments Unreslricled funds tOlh¢n¢gresl Restricted Endowment funds Total funOs Last year tothe n¢•i•Btt IDth$ nv•r¢¥te tothE n¢•T¥t£ tOlh n•?reyt Al Receipts Cpiotrf3le dwlions 17,QOO 94,YSQ 39 Comin1..¥[0a1lOn •,94$ 1D.DUO 2.OQO srJafties Place Gianl 2.600 Aucllon 1[anie lickel$ Lhnnw Incomq 15.298 S7.74T 15.218 97.747 7,788 Sub total{Giuss incunif larAR) A2 A¥s6t and inypslment sales,15ee table). .430 75.075 Stsb toial Total re¢eiptS gQ,4Jfj 7S.O?S A3 Payment8 Oinnew ¢osIs all4 7,>94 404 20,44 750 12,448 5Q4 004 BOQ 96 Sub total $7.934 A4 Asset and invesent purchases, Iso8 table) Sub tot81 40,90 29.446 70,315 57,934 Nei of reCeIpt[paYMentS} AS Trallsfers between funds A6 Cash lund$ last year end Cash fun(ts thls year end 49.527 45,527 54.509 104.036 54509 I036 37.36B 54.509 Section B Statement of assets and liabilities at the end of the period CCXX Rl Attaunts Issi 0611212024
iJnresknci•d funds to netsftr6¢£ Restrt¢ted funds lo nEte Endowinerrt fiJnd5 Categorie5 B1 Cash funds NESF SuseSS ITEEAfC rotal ¢ash funds 1111036 IiireJblSn5lMI¢CÉIadpayfftps ittvMI51j C) Unrestrlcted RpstrictBd nMroslt 10 tygarnst£ Deialls B2 Othfjr m¢n¢tary a$3wts I0ch CurTpnt ialup Detail$ Coyl Igptlon411 B3 Invè$tsn¢nt assets Fund lo whlch Currentv4luE Uetails 84 A850ts Tetaln•d for the ¢h8rlty'$ own u8e uètails BS Llabi11ti88 SwJned by ane tmstees ljn bèhallof al tha twst8e5 Pflni Name Dale of gTr&tuie CXX R2 acctsut1161551