RUGELEY EDUCATIONAL ENDOWMENT- TAOOIO Statement of Income & Expenditure for the period l April 2023 - 31 March 2024 Balance on temporary Investment blfwd 116,282.52 Income Interest on permanent investments Interest on tempor3ry investments 51,211.92 4 710.30 55,922.22 Expendlture Educational Equipment other Expenses Education Visits Endowment Prizes Discretionary Grants Sporting/Cultural Activities Financial Assistance 149,437.671 1787.501 110,753. 171 15,513.451 15,469.051 125,970.561 1 467.25 199,398.651 Surplus income on temporary investment with Staffordshire County Council at 31 March 2024 72,806.09 Summa of Investments Purchase Prlce Nomlnal Value Unlts Unlt Value Market Value Forecast Annual Income Due Permanent Investment Type COLF Investment Fund Income Shares 888,403 94,001 2,043 1,920,692 51,475 Jun/SeplDec/Ma Total Market Value as at 31 March 2024 1 920,692
Trustee's Annual Re ort for the eriod: 1 A ril 2023 until 31 March 2024 Administration details: Charity name: Rugeley Educational Endowment Charity registration number 528603 Charity principal address= 2 Staffordshire Place, Tipping Street, Stafford, ST16 2DH Ob-ective: Governing document.. Title Deed registered with Charity Commission on 31 March 1994 and as amended on 6 July 2017 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 overnance and mana ement: 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 Academ Financial details and summa 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 leaming 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 2023124 financial year, total income received from permanent and temporary investments was £55,922.22 and total expenditure was £99,398.65. The details of the expenditure from the Endowment are as follows: Area of expenditure Amount Financial Assistancel Grantsl Awards Educational E ui ment Educational Visits Total 13,237.25 75,408.23 10,753.17 99,398.65 Investments Name of Investment Number of Units Market Value as at 31 March 2024 COIF Investment Fund 94,001.34 1,920,692 Additional information Managing Trustees also committed expenditure to the value of £37,158.30 towards individual school projects, which was unspent at the year end.
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 se1. Signed on behalf of the Charity Trustees 7(•& Full name.. Melanie A. Stokes Position- Assistant Director for Treasury & Pensions Date: 25110124
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 The Rugeley Educational Endowment Trust ('the Trust'l 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 accordan 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. Lee Taylor Audit Assistant Internal Audit Services Staffordshire Place 1 Tipping Street Stafford Staffordshire ST16 2DH 25 October 2024