## **Trustee’s Annual Report for the period: 1 April 2020 until 31 March 2021**
## **Administration details**
**----- Start of picture text -----**
Charity name Brewood Educational Charity
Charity registration number 518038
Charity principal address 2 Staffordshire Place, Tipping
Street,
Stafford, ST16 2DH
**----- End of picture text -----**
## **Objective**
**----- Start of picture text -----**
Governing document Title Deed registered with Charity
Commission on
7 July 1986 as varied by Scheme dated 30
September 1992.
Objective of the To provide such special benefits of any
Charity kind not normally provided by the Local
Education Authority for any secondary
school (excepting the Brewood Middle
School) serving in the area of parishes of
Brewood, Stretton, Featherstone,
Shareshill and Codsall as may from time
to time be agreed between the School
Governors and the Trustees.
Also to promote the education of persons
under the age of 25 who are in need of
financial assistance and who have not for
less than 2 years at any time either
attended any secondary middle school
(except Brewood Middle School) which
serves or has served the said area.
**----- End of picture text -----**
## **Structure, governance and management**
**----- Start of picture text -----**
Registered Trustee Staffordshire County Council
Managing Trustees Managing Trustees are Teachers,
Governors or representatives appointed
from time to time to represent each
**----- End of picture text -----**
school.
Criminal Records Bureau checks were carried out prior to commencement of their involvement.
Schools represented were:
Wolgarston High School Codsall Community High School Cheslyn Hay Sport and Community High School Blessed William Howard Catholic High School
## **Financial details**
To achieve the objectives of the charity, the Managing Trustees met twice a year to consider requests and allocate the discretionary awards and grants.
The financial statements were supplied and analysed by the Managing Trustees minimum twice a year.
During the 2020/21 financial year, total income received from permanent and temporary investments was £72,596 and total expenditure of £58,681 was allocated as discretionary grants towards the costs of items such as transport support, student awards and pastoral/mental health support.
## Investments
**----- Start of picture text -----**
Name of Investment Number of Units Market Value at
31 March 2021
£
COIF Accumulation Shares 147.33 30,518
Fund
COIF Investment Fund 138,647.35 2,485,448
Total Market Value 2,515,966
**----- End of picture text -----**
## Other information
The Brewood Education Charity Endowment includes two additional funds on temporary investment with Staffordshire County Council called the Major and Minor Farm Reserve Funds. The cash value of the funds as at 31 March 2021 is as follows: £ Major Repair Farm Reserve Fund 2,703.91 Minor Repair Farm Reserve Fund 786.01
## **Independent Examination**
The financial accounts of the charity for the financial year 2020/21 were checked and approved by an independent examiner from the Staffordshire Audit Service.
Signed on behalf of the Charity Trustees
Full name: Melanie A. Stokes
Position: Assistant Director for Treasury and Pensions
Date: 11/06/2021
## **BREWOOD EDUCATIONAL ENDOWMENT - TA0093**
## **Statement of Income & Expenditure for the period 1 April 2020 - 1 March 2021**
**----- Start of picture text -----**
£ £
Balance on temporary investment b/fwd 1 April 2020 34,543.35
Income
Interest on permanent Investments 72,595.72
Interest on temporary Investments 72,595.72
Expenditure
Legal charges
Clerking fees (429.00)
Discretionary Grants to Schools (58,252.46) (58,681.46)
Surplus Income on temporary Investment with
Staffordshire County Council at 31 March 2021 48,457.61
Committed Expenditure for Codsall High
(Please see attached breakdown for full details) (12,661.05) (12,661.05)
Total available for expenditure at 31 March 2021 35,796.56
Farm Reserve Funds
Major Repair Fund on temporary Investment with
Staffordshire County Council at 31 March 2021 2,703.91
Minor Repair Fund on temporary Investment with
Staffordshire County Council at 31 March 2021 786.01
Forecast
Permanent Investment Type Purchase Nominal Unit Market Value Annual Due
Price Value Value as at 31 Mar 2021 Income
£ £ £ £
COIF Investment Fund Accumulation Share 203.33 147.33 20,714.09 30,518.07 0
COIF Investment Fund Income Shares 1,245,368.50 138,647.35 1,792.64 2,485,447.86 74,066 jun/sep/dec/mar
Total Market Value as at 31 March 2021 2,515,965.92 74,066
**----- End of picture text -----**
## **Independent Examiner’s Report to the Trustees of Brewood Educational Charity - 518038**
I report to the trustees on my examination of the accounts of the Brewood Educational Charity Trust (the trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records.
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Scott Audit Assistant Internal Audit Services Staffordshire County Council Staffordshire Place 1 Tipping Street Stafford ST16 2DH
Date: 11 June 2021