## **BREWOOD EDUCATIONAL CHARITY - TA0093**
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Statement of Income & Expenditure for the period 1 April 2021 - 31 March 2022
£ £
Balance on temporary investment b/fwd 1 April 2021 48,457.61
Income
Interest on permanent Investments 74,051.53
Interest on temporary Investments Codsall 5.46
Interest on temporary Investments Cheslyn Hay 1.04
Interest on temporary Investments remaining Balance 2.93 74,060.96
Expenditure
Clerking fees (410.00)
Discretionary Grants to Schools (51,266.69) (51,676.69)
Surplus Income on temporary Investment with
Staffordshire County Council at 31 March 2022 70,841.88
Committed Expenditure for Codsall Community High School
(Please see attached commitment statement breakdown for full details) (33,566.52) (33,566.52)
Total available for expenditure at 31 March 2022 37,275.36
Farm Reserve Funds
Major Repair Fund on temporary Investment with
Staffordshire County Council at 31 March 2022 2,704.35
Minor Repair Fund on temporary Investment with
Staffordshire County Council at 31 March 2022 786.14
Forecast
Permanent Investment Type Purchase Nominal Unit Market Value Annual Due
Price Value Value 31 Mar 22 Income
£ £ £ £
COIF Investment Fund Accumulation Shares 203.33 147.33 23,123.01 34,067.13 0.00
COIF Investment Fund Income Shares 1,245,368.50 138,647.35 1,947.35 2,699,949.17 75,598.58 Jun/Sep/Dec/Mar
Total Market Value as at 31 March 2022 25,070.36 2,734,016.30 75,598.58
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## **BREWOOD EDUCATIONAL CHARITY**
## **Codsall Community High School**
|**Date**
**2020/2021**
**04/11/2020**
**04/11/2020**
**2021/2022**
**15/05/2021**
**03/11/2021**
**31/03/2022**|**Minute No.**
567(a)
567(b)
581
592
n/a|**Details**
Codsall Rotational Fund Grant
Codsall Social Spaces Project November 20 Grant
Codsall Social Spaces Project May 21 Grant
Codsall Nov 21 Grant
Interest Accrued 1/2 yearly (30 Sep & 31 Mar)|**Amount**
**Granted**
**yr**
2,500.00
£
2020
10,161.05
£
2020
14,537.28
£
2021
6,362.73
£
2021
5.46
£
2022|**Balance**
**2,500.00**
**£**
**10,161.05**
**£**
**14,537.28**
**£**
**6,362.73**
**£**
**5.46**
**£**
**33,566.52**
**£**|
|---|---|---|---|---|
Independent Examiner's Report to the Trustees of
Brewood Educational Charity - 518038
report to the trustees on my examination of the accounts of the Brewood
Educational Charity Trust (the trust) for the year ended 31 March 2022.
Responsibilities and basls 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(51(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:
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 understandin9 of the accounts to be reached.
Claire Scott
Audit Assistant
Internal Audit Services
Staffordshire County Council
Staffordshire Place I
Tipping Street
Stafford
ST16 2DH
Date.. 20 October 2022
## **Trustee’s Annual Report for the period: 1 April 2021 until 31 March 2022**
## **Administration details**
|**Administration details**||
|---|---|
|Charity name|**Brewood Educational Charity**|
|Charity registration number|**518038**|
|Charity principal address|**2 Staffordshire Place, Tipping Street,**
**Stafford, ST16 2DH**|
## **Objective**
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Governing document Title Deed registered with Charity Commission on
7 July 1986 as varied by Scheme dated 30
September 1992.
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Objective of the Charity **To provide such special benefits of any 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.**
## **Structure, governance and management**
|Registered Trustee|Staffordshire County Council|
|---|---|
|||
|Managing Trustees|Managing Trustees are Teachers, Governors
or representatives appointed from time to time
to represent each 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 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 2021/22 financial year, total income received from permanent and temporary investments was £74,060.96 and total expenditure of £51,676.69 was allocated as discretionary grants towards the costs of items such as transport support, student awards and pastoral/mental health support.
## Investments
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Name of Investment Number of Units Market Value as at
31 March 2022
£
COIF Accumulation Shares Fund 147.33 34,067
COIF Investment Fund 138,647.35 2,699,949
Total Market Value 2,734,016
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## Other information
The Brewood Education Charity 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 2022 is as follows:
||£||
|---|---|---|
|Major Repair Farm Reserve Fund|2,704.35||
|Minor Repair Farm Reserve Fund||786.14|
## **Independent Examination**
The financial accounts of the charity for the financial year 2021/22 were checked and approved by an independent examiner from the Staffordshire Internal Audit Service.
Signed on behalf of the Charity Trustees
Full name: Melanie A. Stokes
Position: Assistant Director for Treasury and Pensions
Date: 27/10/22