STAFFORD EDUCATION CENTRE CHARITY TA0141 Statement of Income & Expenditure for the period l April 2023 - 31 March 2024 Balance on temporary investment blfwd 111,696.03 Income Interest on permanent investments Interest on temporary investments 158,626.97 9 433.90 168,060.87 Expendlture Contribution to Stafford 14-19 Partnership 2023-24 140 238.40 (140,238.401 Surplus income on temporary investment with Staffordshire County CoLJncil at 31 March 2024 139,518.50 Summar of Investments Purchase Price Nomlnal Value Units Unlt Value Market Value Forec•st Annual Income Due Permanent Investment Type COIF Investment Fund Shares 3,325,969 291,166 2,043 5,949,268 159,440 JunlSeplOec/Mar Total Market Value as at 31 March 2024 5 949 268
Trustee's Annual Re ort for the eriod: 1 A ril 2023 until 31 March 2024 Administration detsils Charity name Stafford Education Centre Charity Charity registration number 528604 Charity principal address 2 Staffordshire Place, Tipping Street, Stafford, ST16 2DH Ob'ectives: Goveming 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, Stsfford in such ways as Ihe 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 Structure overnance and mana ement Registered Trustee Staffordshire County Council Managing Trustees Managing Trustees are representatives of Staffordshire County Council Charities and Trust Committee. Criminal Records Bureau checks were carried out prior to CommenMent of their involvement.
Financial details To achieve the objectives in 2023124, 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 2023124 financial year, total income received from permanent and temporary investments was £168,060.87 and total expenditure was £140,238.40. The details of expenditure from the Endowment are as follows.. Narrative roved contribution to Stafford 14-19 Partnershi Total 140,238 140,238 Investments Name of Investment Number of Units Market Value as at 31 March 2024 COIF Investment Fund 291,165.50 5,949,268 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 /g7 7 (•& Full name.. Melanie A. Stokes Position: Assistant Director for Treasury and Pensions Date: 25110124
Independent Examiner's Report to the Trustees of Stsfford 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 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 Ihe 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 Examlner'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 resped.. 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 wilh those records I have no concems 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