BREWOOD EDUCATIONAL CHARITY- TA0093 statement of Income & Expenditure for the period l April 2023 - 31 March 2024 Balance on temporary investment b/fwd 44,680.26 Income Interest on permanent investments Interest on temporary investments 75,535.07 1 178.99 76,714.06 Expenditure Clerking fees Discretionary Grants to Schools (470.00} 86 173.96 {86,643.96) Surplu5 income on temporary investment with Staffordshire County Council at 31 March 2024 34 750.36 Farm Reserve Funds Major Repair Fund on temporary Investment Y4ith StaffordshI County Council at 31 March 2024 2.906.47 Minor Repair Fund on temporary Investment with Staffordshire County Council at 31 March 2024 844.89 Summa of Investments Purchase Price Nomlnal Value Units Unlt Value Market Value Forecast Annual Income Due Permanent Investment Type COIF Investment Fund Accumulation Shares COIF Investment Fund Income Shares 203 1,245,369 147 138,647 25.707 2.043 37.874 2,832,925 Jun/Sep/Dec/Mar JunlSep/DeclMar 75,922 Total Market Value as at 31 March 2024 2 870 799
Trustee's Annual Re ort for the eriod: 1 A ril 2023 until 31 March 2024 Administration details Charity name Brewood Educational Charity Charity registration number 518038 Charity principal address 2 Staffordshire Place, Tipping Street, Stafford. ST16 2DH Ob"ective Governing document Title Deed registered with Charity Commission on 7 July 1986 as varied by Scheme dated 30 September 1992. 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 overnance and mana ement 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: Wol arston Hi h School Codsall Communit Hi h School Chesl n Ha Communit Hi h School Blessed William Howard Catholic Hi h 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 2023124 financial year. total income received from permanent and temporary investments was £76,714.06 and total expenditure of £86,643.96 was allocated as discretionary grants towards the costs of items such as transport support, trips, student awards and pastorallmental health support. Investments Name of Investment Number of Units Market Value as at 31 March 2024 COIF Accumulation Shares Fund COIF Investment Fund Total Market Value 147.33 138,647.35 37,874 2,832,925 2,870,799 Other infomiation 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 2024 is as follows: orRe Minor Re air Farm Reserve Fund air Farm Reserve Fund 2,906.47 844.89
Inde endent Examination The financial accounts of the charity for the financial year 2023124 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: 25110124
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 2024. 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,). 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. Lee Taylor Audit Assistant Internal Audit Services Staffordshire Place 1 Tipping Street Stafford Staffordshire ST16 2DH 25 October 2024