## **RUGELEY EDUCATIONAL ENDOWMENT - TA0010**
## **Statement of Income & Expenditure for the period 1 April 2021 - 31 March 2022**
||Balance on temporary investment b/fwd 01 April 2021
Income
Interest on permanent investments
Interest on temporary investments
Expenditure|Balance on temporary investment b/fwd 01 April 2021
Income
Interest on permanent investments
Interest on temporary investments
Expenditure|Balance on temporary investment b/fwd 01 April 2021
Income
Interest on permanent investments
Interest on temporary investments
Expenditure|Balance on temporary investment b/fwd 01 April 2021
Income
Interest on permanent investments
Interest on temporary investments
Expenditure|**£**
85,036.82
13.00|**£**
85,036.82
13.00|||**£**
88,498.84
85,049.82|**£**
88,498.84
85,049.82|
|---|---|---|---|---|---|---|---|---|---|---|
||Endowment Prizes
Discretionary Grants
Financial Assistance
Educational Equipment
Sporting/Cultural Activities
Education Visits
Other services||||(3,107.50)
(1,246.97)
(5,121.14)
(62,857.68)
(13,234.92)
500.00
(189.50)||||(85,257.71)||
||||||||||||
||Surplus income on temporary investment with
Staffordshire County Council at
31 March 2022
Committed Expenditure||||||||**88,290.95**||
||(Please see attached breakdown for full details)||||(42,634.00)||||(42,634.00)||
||**Total available for expenditure at**
**31 March 2022**
Purchase
Nominal
Unit
**Summary of Investments**||||||Market Value||**45,656.95**
Forecast
Annual||
||||||||||||
||||||||||||
||Permanent Investment Type|Price||Value
Value
31 March 2022||||||Income
Due|
|||£||Units
£||||||£|
||||||||||||
||COIF Investment Fund Shares|1,504,736.04
159,215.19
1,947.35
3,100,477.00||||||||86,813 Jun/Sep/Dec/Mar|
||||||||||||
||Total Market Value as at
31 March 2022|||||3,100,477.00||||86,813|
**RUGELEY EDUCATIONAL ENDOWMENT**
**Breakdown of Committed Expenditure as at 31 March 2022 £**
|**Committed Income/expenditure**|**Min No**|**Date**||**The Hart School**||
|---|---|---|---|---|---|
|Lego Therapy for SEN|1065(5)||Jun-18||128.68|
|Gardening equipment for SEN|1065(7)||Jun-18||2.32|
|Green Car|1065(13)||Jun-18||1,275.64|
|Wellbeing Fund|1074 (6)||Nov-18||228.77|
|Y10 Work Experience|1074 (8)||Nov-18||1,249.67|
|Coaches|1102 (7)||Oct-19||685.01|
|School Production|1102 (9)||Oct-19||1,140.00|
|Coaches|1111 (6)||Feb-20||500.00|
|Student Wellbeing|1119 (4b)||Jun-20||4,500.00|
|Prizes and Rewards:|1147 (2b)||May-21||1,271.76|
|Educational Visits (discretionary fund)|1147 (2c)||May-21||565.95|
|Discretionary Fund|1158 (2b)||Nov-21||3,000.00|
|Prizes and Rewards|1158 (2c)||Nov-21||2,000.00|
|Education visits|1158 (2d)||Nov-21||2,000.00|
|Curriculum Days|1158 (4)||Nov-21||1,931.13|
|Duke of Edinburgh|1158 (5)||Nov-21||2,000.00|
|Uniform / Hardship fund|1158 (6)||Nov-21||1,675.07|
|Gardening Club|1158 (7)||Nov-21||500.00|
|University Bursary|1167 (1)||Feb-22||200.00|
|Discretionary Fund|1167 (2a)||Feb-22||3,000.00|
|Prizes and Rewards|1167 (2b)||Feb-22||2,000.00|
|Education visits|1167 (2c)||Feb-22||2,000.00|
|Chrome Books|1167 (3)||Feb-22||2,580.00|
|Curriculum Days|1167 (4)||Feb-22||3,700.00|
|Kidzania|1167 (5)||Feb-22||3,500.00|
|School Production|1167 (6)||Feb-22||1,000.00|
**TOTAL 42,634.00**
**Total committed expenditure**
Independent Examiner's Report to the Trustees of
The Rugeley Educational Endowment - 528603
I report to the trustees on my examination of the accounts of the Rugeley
Educational Endowment Trust (the trust) for the year ended 31 March 2022.
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 confimi 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 altention 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 SeNices
Staffordshire County Council
staffordshire Place 1
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:|**Rugeley Educational Endowment**|
|Charity registration number|**528603**|
|Charity principal address:|**2 Staffordshire Place, Tipping Street,**
**Stafford, ST16 2DH**|
## **Objective:**
**----- Start of picture text -----**
Governing document: Title Deed registered with Charity Commission
on 31 March 1994 and as amended on 6 July
2017
**----- End of picture text -----**
Objective of the Charity **To provide for any eligible school equipment and other items, services and facilities for such school and thereby advance education thereat. In otherwise promoting the education either generally or individually of beneficiaries. The Trustee shall apply income in awarding prizes to pupils in recognition of their academic, artistic, moral of physical achievements, thereby furthering their education. Area of Benefit shall mean the area of Rugeley. Eligible school shall mean any secondary school in the Area of Benefit. Beneficiaries shall mean persons under 25 years of age who are or who have been pupils of an eligible school.**
## **Structure, governance and management:**
|Registered Trustee|Staffordshire County Council|
|---|---|
|||
|Managing Trustees|Managing Trustees are Teachers, Governors or
representatives of the eligible schools appointed
by each school.
Criminal Records Bureau checks were carried out
prior to commencement of their involvement.|
Schools represented were :
The Hart School Academy
## **Financial details and summary of the allocation of funds**
The Managing Trustees met regularly to consider requests and to allocate awards and grants to individual pupils and to the school, to support various projects including the purchase of digital learning services, the award of student prizes and rewards and contributing to various educational visits.
The financial statements were supplied and analysed by the Managing Trustees three times during the year.
During the 2021/22 financial year, total income received from permanent and temporary investments was £85,049.82 and total expenditure was £85,257.71.
The details of the expenditure from the Endowment are as follows:
**----- Start of picture text -----**
Area of expenditure Amount
£
Financial Assistance/ Grants/ Awards 22,900.03
Educational Equipment 62,857.68
Educational Visits (net credit) (500)
Total 85,257.71
**----- End of picture text -----**
## Investments
|Investments|||
|---|---|---|
|Name of Investment|Number of Units|Market Value as at
31 March 2022
£|
|COIF Investment Fund|159,215.19|3,100,477|
## Additional information
Managing Trustees also committed expenditure to the value of £42,634 towards individual school projects, which was unspent at the year end.
## **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 & Pensions
Date: 27/10/22