Trustee’s Annual Report for the period: 1 April 2024 until 31 March 2025
Administration details
| Administration details | |
|---|---|
| Charity name | Stafford Education Centre Charity |
| Charity registration number | 528604 |
| Charity principal address | 2 Staffordshire Place, Tipping Street, Stafford, ST16 2DH |
Objectives:
| 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). |
Structure, governance and management
| 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 commencement of their involvement. |
Financial details
To achieve the objectives in 2024/25, 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 2024/25 financial year, total income received from permanent and temporary investments was £172,433.74 and total expenditure was £158,738.98. The details of expenditure from the Endowment are as follows: |
During the 2024/25 financial year, total income received from permanent and temporary investments was £172,433.74 and total expenditure was £158,738.98. The details of expenditure from the Endowment are as follows: |
|---|---|
| Narrative | £ |
| Approved contribution to Stafford 14-19 Partnership | 158,738.98 |
| Total | 158,738.98 |
Investments
| Name of Investment | Number of Units | Market Value as at 31 March 2025 £ |
|---|---|---|
| COIF Investment Fund | 291,165.50 | 5,672,079 |
Independent Examination
The financial accounts of the charity for the financial year 2024/25 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: 14.10.25
STAFFORD EDUCATION CENTRE CHARITY TA0141
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Statement of Income & Expenditure for the period 1 April 2024 - 31 March 2025
£ £
Balance on temporary investment b/fwd 139,518.50
Income
Interest on permanent investments 161,800.66
Interest on temporary investments 10,633.08
172,433.74
Expenditure
Contribution to Stafford 14-19 Partnership 2024-25 (158,738.98)
(158,738.98)
Surplus income on temporary investment
with Staffordshire County Council at 31 March 2025 153,213.26
Committed Expenditure
Commitment to Stafford 14-19 Partnership 2025/2026 0.00
0.00
Total available for expenditure at 31 March 2025 153,213.26
Summary of Investments
Purchase Nominal Unit Market Forecast Due
Price Value Value Value Annual
Permanent Investment Type Units Income
£ £ £
COIF Investment Fund Shares 3,325,969 291,166 1,948 5,672,079 166,759 Jun/Sep/Dec/Mar
Total Market Value as at 31 March 2025 5,672,079 166,759
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Independent Examinerfs Report to the Trustees of Stafford Education Centre Charity- 528604 I report lo the Trustees on my examination of the accounts of the Stafford Education Centre Charity Trust ('the Trust,) for the year ended 31 March 2025. 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 Acl 2011 {'the Act,). I report in respect of my examination of the Trust's accoun15 carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under section 145(51{bl 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 aG¢ounts do not accord with those records I have no concerns and have come across no malters 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 SeTvices Staffordshire Place 1 Tipping Street Stafford Staffordshire ST16 2DH 3 October 2025