Trustee’s Annual Report for the period: 1 April 2020 until 31 March 2021
Administration details
----- Start of picture text -----
Charity name Stafford Education Centre Charity
Charity registration 528604
number
Charity principal 2 Staffordshire Place, Tipping Street,
address Stafford, ST16 2DH
----- End of picture text -----
Objectives:
----- Start of picture text -----
Governing document Title Deed registered with Charity
Commission on 26 July 1963
Governing document – scheme dated
11 March 2016
Objective of the Charity 1. The promotion of education of persons
between the ages of 14 and 19 years
(and subject to the provisions of sub-
clause 2 of this clause for children under
the age of 14) who are resident in, or
being educated in, Stafford in such ways
as the Trustee sees fit.
2. The Trustee may permit the property
of the charity to be used for the
education of children under the age of
14 by the granting of a licence to an
educational institution in need of such
use (for conditions see scheme).
----- End of picture text -----
Structure, governance and management
----- Start of picture text -----
Registered Trustee Staffordshire County Council
Managing Trustees Managing Trustees are representatives of
Staffordshire County Council Charities and
Trust Committee.
The required checks were carried out prior to
commencement of employment.
----- End of picture text -----
Financial details
To achieve the objectives in 2020/21, the Registered Trustee gave approval to allocate income to the education of young people, resident in Stafford, as part of the Stafford 14-19 Partnership.
During the 2020/21 financial year, total income received from permanent and temporary investments was £152,454 and total expenditure was £155,624.
The details of expenditure from the endowment was as follows:
Narrative £ Approved contribution to Stafford 14-19 Partnership 155,624 Total 155,624
Investments
----- Start of picture text -----
Name of Investment Number of Market Value at
Units 31 March 2021
£
COIF Investment Fund 291,165.50 5,219,549
----- End of picture text -----
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
Stafford Education Centre Charity TA0141
Statement of Income & Expenditure for the period 1 April 2020 - 31 March 2021
| Balance on temporary investment b/fwd 1 April 2020 Income Interest on permanent investments Interest on temporary investments Expenditure |
£ 152,454.26 |
£ 114,832.05 152,454.26 |
|
|---|---|---|---|
| Contribution to Stafford 14-19 Partnership 2020/21 | (155,624.00) | ||
| Disposal of Chetwyn Centre | (155,624.00) | ||
| Surplus income on temporary investment with Staffordshire County Council at 31 March 2021 |
111,662.31 | ||
| Commitment to Stafford 14-19 Partnership 2020/21* | |||
| Total available for expenditure at 31 March 2021 | 111,662.31 |
Summary of Investments
----- Start of picture text -----
Forecast
Purchase Nominal Unit Value Market Value Annual
Permanent Investment Type Price Value as at 31 Mar 2021 Income Due
£ units £ £
COIF Investment Fund Shares 3,325,969.15 291,165.50 1,792.64 5,219,549.22 155,543 jun/sep/dec/mar
Total Market Value as at 31 March 2021 5,219,549.22 155,543
----- End of picture text -----**
Independent Examiner’s Report to the Trustees of Stafford Education Centre Charity - 528604
I report to the trustees on my examination of the accounts of the Stafford Education Centre 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
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