RECISTERED COMPANY NUMBER: 028114567 (England find Wales) REGISTERED CItARITY NUMBEIL. 1026620 rt of the Trustees and nAudited Financial Statements for the YeAr End 31 March 2025 for Co2tham House Limited b ' Guarantee Acom JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farni Stockton on Tees TS18 3SH
Coatham House Contsnts of the Financial Ststements for the Year Ended 31 Marcb 2025 Page Report of the Tru$te¢s I to 5 Independent Examill¢r's Report Statement of Ffinanclal Activities BalaDce Sheet 8 to 9 Cash FloTrY Statement io Notes to the C*sh Flow Statsment li Notes to the Financial Statements 12 to 22
Coatham House rt of the Trustees for the Year Ended 31 March 2025 The truste who arc also directors of the clwity for the purpos¢s of the Companies Act 2(K)6, Prnt their report with the fllLancial sthtemcnls of th¢ charity for the year ende4131 March 2025. The trustees have adopted the provisions of AOUnting and Reporting by Charities: Statement of Re¢ommendcd Practicc applithle to charities prq)aring their accounts in accordance with the FinancÉal Reporting Standard applicable in the UK and Republic of Ijtland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objectives and alms The company is a charity and exists to provide public benefit by helping young, homdess people move towards SUCCfijI independent living through the provision of temporary, managed mmOdatIo development of life skills and &ssistancc with pernanent resettlement. Thc mi55iOll Statement for Coatham House Projects is 'to accommodate, support and rcintwat¢ honlS young pwle into society and to rais¢ awareness of theirplight,. We have ref¢ed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our thture activities. Page I
Coatham H Re rt of the Trustees for the ye Ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Charitable artiTrities The charity has Continu to build upon its core services in Redcar throughout 2024125. W¢ added new trnste£s and a new member of staff to increase the ¢apa¢ity of the charity in tern]s of its ability to meet the growing demand for those WILO homele&s in the lown 8nd tbose at risk of becoming homeless. We have woJ*ed hard with the Cuent trustees on Ihe governance sttucture and aTe taking a long-tenn view about the sustaithility of the tharity as we move fotward in thc ¢UTrent economic environment. The manager, company members, trustee& staff and volunteers are all wmmitted to ihe development and sustainability of the mission and increasingly recognise the nature of the crucial services that it delivers in Red¢ar at a lime of real The Chlty ha8 Continued its progression in temis of meeling its core aim4 which is that of putting a roof over an increasing number of heads in the lown. We are now W0]ng with over 30 clients each week - those who a experiencing homelessness those at risk of homelessness. We dire¢tly provide accommodation for 22 Clients and support servicas for a fvrther 10 clients. It is the support StnLth1 provided by a small and dedicated team that helps young pcople ¢ope with homelessness and start the journey to gher the skills in order to a¢¢ess sustainable housing options in the ture. The environment has provpAI very challenging as we adapted to moving on from the pandemic dealing with the deep cost of living crisis thai has impaeted deeply on our client group in an area aldY with high levels of deprivaiion. We have worked hard a5 a charity to bring MO Tesourc¢$ to the table in lenns of improved grant donations and improvcd rental Collection througb some excellent support work and liaison with the local housing befits. We continue to build up a solid working relationship with the local authority and still provide Contract work with Redcar and Cleveland Borough Council &s part of a co-ordinated response to the homeless issue in the locality. We continue to build and expand our stakeholder ndwork to enable the charity to get the b&8t outcomes for the clients that we are engaged wi This in¢ludes lh¢ ongoing development of personal development opportunities with local statutory and non-statutory agencies working with young people on cooking skills, sporting activities and mindfulness activity to improve the ]iv&s of our clients and we now offer a more wholistic and person led set of development pathways. The tru£$ are now actively following a development plan to create more housing options to meet the growing need for safe and secure supported accommodation in th¢ town from those in housing need. Sadly. homelessness in Redcar continues to rise and we see ourselves a vital part of the multi-agency response to that challenge. The truste49 have QT)tinueAi to inv&st in the staff team and our social media work alongside maintaining investment in OUT properties ensuting that the tenant experience is as good &$ we can make it. We continue to work in partnship with like-minded agencies to deliveT an innovative response to the growing needs of the client group in Redcar. We have taken up a Higb Street pr¢sence through the purchase and updating of the property at 15 High Street. This has beci)me our base for service d¢livery, the pur¢hase in parthership with the Keyfund. The charity will continue to be part of the non slatytory sector ponSe to hoMelsneSS in the RedcaT area doing what it was set up to do- house vulnerable young 0P1¢ on an in¢rth8ing scale with incrwing impact. FtNANCIAL REVIEW Finaneial Rerfew During the year there has been a net infiow of resources amounting to £138,720 (2024: oufflow £16.787). Total funds now stand at £698,771. There h&s bcen a ncl iTJflow of unrestrieted fund8 of £76,470 and infiow of restricted ndS of £62.250. The Statement of Financial Activities on page 7 shows the ¢harity'S in¢ome and how it has been spenl during the year. Notes 2 to 4 to the acwunts on pages 13 and 14 detall income received in the year arld its source. The trnst are very grateful for ail the support received. The charity is largely dependent upon incorne from statutory source4 various trusts and other charitable source5. The Trustee5 have no reason to doubt that the clmrity will contRnue to attract sufficient funds, The major source of income h&s been housing benefit. The organisiation aims to increase its income generation a¢tivities in the next financial yeaT to assist witb its self-swtainability. Page 2
Coath8m House rt of the Trustffs for the Year Ended 31 March 2025 FINANCLIL REVIEW Investment policy and objeeilves Any funds which may be surplus fn)m time to lime are invested in deposit accounts to ensure that they are available to the ¢Rwity wlwi required. Reserves policy On reviewing the reseTve5 policy, thc TTUStees have established a policy whereby th¢ unrastri¢ted funds not ¢ommttted or investe41 in tangible fixed asth Cthe free reserves? hdd by the charity should be between 3 and 6 rnonths of thc r&sourc£s expended on normal operating activiti&s which cquate to £53,250 to £106,500 in general funds. At this level, thc TTusrtK% fccl that they would be able to continue cuTt activities of th¢ cknty ill thc cvent of a significant drop in fi]nding. It would obviously be nece&sary to con%idcr how the funding would be replaced or activities changcd. At present thc uestrIcted reserves are £624,872 but of this figure £579.657 related to fix1 assets therefoTe free r&4erves are £45215 at 31 March 2025. The Tnte£S are committed to taking appropriate action to continue to obtain further fundTng to reach the targctcd Icvel of unrcstricted funds and are sourcing furtheT grant funding along with rcvicwing the livities of the trading subsidiary to i)ptimizc incomc generation. FufuRE STRATEGY The knard recognises that the year has again provided a very challenging backdrop to the ongoing delivery of our servi¢e5 and d¢alll with the broader impact upon our client group. 11 h&8 also changed the circumstances for fi]nd givers with increased demand for funding at a time when resources to allocate have decreased. The board is committ to its funding strategy and is working on a clear impact statement to support our funding endeavours as we move forward. The current board is looking at rccTUiting T]ew members to oversee the delivery and sUaInment of the organisations activiti¢s and irnpact. Coatham House aims to be a top quality player in the housing and hornelessne&s sector in Redcar by creating an infrastruthre for proftssional development moiryng forward. The board are committed to continuing its cor¢ services and the development of tbe enterprise aclivities via its trading Over the last few years, the Board has taken steps to reAlu¢e Core wsts, improve our housing stock and invest ID the development of our staff. This will continue to fomi part of our str*egy going forward, along with using some of those savings to ensuTe that Coatham H0C is an 'employer of choice, in the sector and in investing in additional properties when possible The Irustees would like to rwgnise the work of the staff team, volunleers and all those stal(eholders who continue io support the WOTk of the organisation in Redcar. STRUCTURE, GOVERP4ANCE AND MANAGEMENT G0VeTllig document The organisation is a charitable company limited by guarantee, incoqK)fdted on 21 March 1993 and registered as a charity on 29 Septcmbcr 1993. The COTnpany w&s' established under a Memordndum of Association which establish&1 the objects and powers if the chaTitsble company and is governed under its Articles of Association. Recruittnent and appointment of new trustees Under the Article8 two trustccs will stand dolvn at the AGM but are eligible for re-ele¢tion. The charitys trustees are T¢iDStated from its membership, with a view to haMeing skills which are appTOPTiate to its activities. OryanisAtional structure The Board of Trustees meet at le&st six tirn a year and 1$ rwnsible for the strategic direction of the charity. The day to day running of the charity is delegated to the manager and staff team. The Manag attends and reports to all Board meetings and liaises with the Board if necessary. Page 3
Coydtbam llouse -Jort of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVE14NANCE AND MANAGEMENT Induction Ydnd tr&iDing of new trustees All potential new tNstees are invitcd for a meeting with the manager and visit all the charitys proje£ts to speak with staff and service users. They will rneet with the ¢hair and attend two board medings as observers to get a flavour of what is involved prior to agreeing to act. All new trustees are issued with a copy of the Memorandum and Articles of Association, accounts, business plan and any other relevant inforniation. A skills audit is Caled out every one to two years to ensure that appointments to sub groups within ihe EK)ard llke best use of lIsteeS, skills. Risk man2gemeDt Through their r¢gular involvement in the management of the chatity the Trustees are aware of the major risks involved in running the charity ond policies and procedures are in place to mitigate these risks. A business plan is in place to guide Trustees and is subje¢t to review as &ppropriate. Intemal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the Charitable company. These procedurcs are perlodically reviewed to ensure that they still meet the needs of the charity. REFERENCE AND ADMtNISTRATIVE DETAILS Registered Company number 02804567 (England and Wales) Registered Charity Dumber 1026620 Registered oiTice 15 High Stred TSIO 3BZ TThstees David Robert Stones Hazel Valerie Yare Andrew Pett¢rsen (resigned 211712025) David Eagle Amanda Mcwilliams GurshaTan Hardeyal Singh Company Secretary David Eagle Independent Examlner JBC Accountants Limited artered Accountants 3B Lockheed Court Preston Farni Stockton on Tees TS18 3SH Solicitors Cygnet Law Portland House West Dyke Road Redcar TSIO IDH Page 4
Coatbam House rt of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINIST114TIVE DETAtLS Bankers Unity Trust Bank PIC Nine Brindley Place Birmingham BI 2HB This rq)ort h&s bccn prcpaTed in accordance witb the special provisions of Part 15 of the Companies Act 2006 relating to small companics. zf Approved by order of the board of trustees on .............. ........... ................. and signed on its behalf by: Dald Eagl¢- Trustee Page 5
IDde nd nt Examiner's Re ort to tbe Trustees of Coydtbvdm Hous IDdependent examiner's report to the trustees of Coath8m House {'the CompAny') I rq)ort to th¢ clwity tTUSte&4 on my examination of the accounts of the Company for the year ended 31 March 2025. Responsi1]itieS and basis of report As the charity's ttlteeS of the Company (and also its dirtorS for the of company law) you are rwonsible for the preparation of the accounts in am)rdance with the requirements of the Companies Act 2006 ('the 2006 Athy. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 26 Act and are eligible for Indedent examination, I report in respect of my examination of YOUT charity's accounts as Carried out under Section 145 of the Charities Act 2011 {Ihe 2011 Ad). In ¢arrying out my examination I have followed the DItionS given by the Charity ConllnissioT] under Section 145(5) (b) of tbe 2011 Act. Independent examiner's ststement Sincc your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because I am a Tnmber of the Jnstitute of Chartered Accountants in England and Wales, which is one of the lisxed bodies. I have ¢ompleted my examination. I confurn that no matters have come to my attention in wnn¢¢tion with the examination giving m¢ ¢ause to believe: accounting records were not kept in resp#t of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 26 Act other than any requirement that the accounts give a true and fair view which is not a matter Considered as part of an independent examin*ion' or the a¢¢ounts have not been prq)ared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and rq)orting by charities (appli¢able to charities prq)aring their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102)). I have no concerns and have come across no other matters in connection with the examtnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be ached. Lynne Dickson FCA JBC Accountants Limiied charter Acwunlants 3B Lockheed Court Preston Fam) Stockton on Tees TS18 3SH Page 6
Coathxm Hous Statement of Fin4n¢ial Adivities ratin an Income and Ex nditure Account for the Year Ended JI March 2025 Jn¢o 3113125 Total funds 3113124 Total funds Unr¢$trkted Dds Restrl¢ted fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 21,093 109,050 130,143 70,289 Charlt8ble actltieS Supporting the homeless 392385 392,385 355357 Other trading activities 8,954 8,954 14,932 Total 422,432 109,050 531,482 440,578 EXPENDITURE ON Ch*ritsble aetivities Supporting the homelcss 345,962 46,800 392,762 457,365 NET ThCOMEI{EXPEIYDITURE) 76,470 62,250 138,720 {16,787) RECONCILIATION OF FUNDS Total funds broughi forward 548,402 11,649 560,051 576,838 TOTAL FufiDS CARRIED FORWARD 624,872 73,899 698,771 560,051 The notes forni part of these financial statements Page 7
Coatham House 31 March 2025 3113125 Total funds 3113124 Total funds Unrestricted funds Restricted funds Notsg FIXED ASSETS Tangible assets Investments 12 13 579,656 60,000 639,656 458,996 579,657 60,(KIO 639,657 458,997 CURRENT ASSETS Debtors Cash at batLk and in hand 14 6,630 194,068 6,630 207,967 35,529 151,988 13.899 200,698 13,899 214,597 187,517 CREDITORS Amounts falling due within one year 15 (38,058) (38,058) (20,635) NET CURRE ASSETS 162,640 13,899 176,539 166,882 TOTAL ASSETS LESS CURRENT LIABILITIES 742.297 73,899 816,196 625,879 CREDITORS Amounts falling due after more than one year 16 (117,425) (117,425) (65,828) NET ASSETS 624,872 73,899 698,771 560,051 FUNDS Unrestiicted fimds Rericted funds 19 624,872 73,899 548.402 11,649 TOTAL FUNDS 698,771 560,051 The ¢haritsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yeat ended 31 Mch 2025. The rnembers have not required the company to obtain an audit of ity financial ststements for the year ended 31 March 2025 in accordallc¢ with Section 476 of th¢ Compani¢s Act 2006. The tTUSteas acknowledge their responsibi]ities for (a) ensuring that the charitable company keq)s accounting records that comply with Sections 386 and 387 of tbe Companies Act 2006 and preparfftng financial statements which give a true and faiT vicw of thc state of affairs of the charitable company & at thc cnd of each financial year and of its sukplus or deficit for fiT]ancial ycaT in accoTdance with the requirements of Sections 394 amd 395 and which otherwise comply with the requirements of the Companies Act 2(Ki6 relating to financial statement4 so far as applicable to the charitsble company. (b) The notes forn] part of these financial statements Page 8 continued...
Coatham House Balance Sbett- eotstinued 31 March 2025 These financial stsiements have been prepared in accordance with the provisions applicable to charitsble companies subject to the small companie5 regime. cial ts were appmved by the Board of Trustees and authori1 for issue . and were signed on its behalf by: on David Eagle- Trustee The notes forni part of these fiDan¢tal statements Page 9
Coatham House Cash Flow Ststemellt or the Y¢8r Ended 31 Mvdrch 2025 31N25 3113124 Notes Cash flows from operating actfvlties Cash genernted from operdtions Interest paid 187,943 (6,873) 16,513 (5,081) Net c&sh provided by operdting activities 181,070 11,432 Cash Ilows from Inv¢sting activities Purch¢ of tangible fixed assets (194,607) {15,(K)O) Net cash used in investing activities (194,607) (15,(KK)) Cash Ilows from financlng activities New loans in year Loan repayments in year 90,000 (20,484) (6,232) Nd provided byl(used in) financing activities 69,516 (6,232) Change in CAsh and ¢h equivalents In the Teporting perfiod Cash #nd £&sh equivalents At the beginning of the reportlng period 55,979 (9,800) 151,988 161.788 Cash and equlvalents at the end of the reportlng period 207,967 151,988 The not&s forni part of these financial statements Page 10
Coatham House Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCIIIATION OF DIET INCOMEI(EXPENDITURE) TO NET CASH FROM OPERATING ACTivrriES 3113125 3113124 Net incomel{expenditure) for the reporting perlod (os per the Statement of FiDanciaJ Aetivities) Adjustments for: Depreciation charges terest paid Decrease in debtors Decrease in creditors l38,720 (16,787) 13,946 6,873 28,899 (495) 2,425 5,081 27,073 {1279) Net cash provided by operations 187,943 16,513 ANALYSIS OF CHANGES IN NET FUIYDS At 114124 Cash flow At 3113125 Net cash Cash at bank and in hand 151,988 55,979 207,967 151,988 55,979 207,967 Debt Debts falling due within l year Debts fa]ling due atter l year (8,768) (65,828) (17,918) (51,597) (26,686} {117,425} (74,596) (69.515) (144,111) Total 77J92 (13,536) 63,856 The notes forn) part of these financial statements Page 11
Coathlm House Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES B4sis of preparing the fina]1 8tatement8 The financial statemenls of the charitable company, wluch is a public benefit entity under FRS 102, have been prepaTcd in accordance with the ChaTities SORP (FRS 102) 'Accounling and Reporting by Charities: Statement of Recommended Prnctice applicable to clwities prq)aring their accounts in accordance with the Financial Rq)orting Standard applicable in the UK and Rq)ublic of Ireland (FRS 102) (effective l January 2019),. Financial Rcporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani&8 Act 2IK)6. Thc financia] statements have been prq)ared under the historical cost convention, with the exception of investrnents which aTe in¢ludeil at nwket value. The trustees consider that there are no material uncertainties about Coathatn House's ability to continue as a going concern and as such, these financial statements have beeT] preparcd on thc going conecrn b&8is. Income All incorne is rccogni5ed in the Staternent of Financial ActivitiG5 when the charity is legally entitled to the income and the amount can be quantified with reasonably a¢cuwy. There 15 no netting off of expcnditUTe within the a¢unts. Gifts in kind are included within donations in the SOFA at an &stimate of the cost of providing the service. The equivalent cost is also included within resouwes expended. Grnnts towards fed assets are treated as donations in the SOFA as the asset is capitalised in the Balance Sheet. The in¢ome is treated as a restricted fvnd and depreciation charged to it each year. Revenue grants are crediied to th¢ SOFA for the year to which they rela Expenditure All expenditure is accounted for on an a¢¢ruaJs b&sis and includes attributable VAT which cannot be recovered. Expenditure is recognised once there is a legal or constTUCtive obligation to make a payment to a third paty, tt is probable that settlement will be required and the amount of the obligation can be measured reliably. Clwitable expenditure comprises those costs incurred by the Charity in the delivery of ils activities. It includes boih costs which can be directly allocated to activities and those cosls of an indirecl nature necessary to support them. Governance costs aTe those Incurr in connection with compliance with constitutional and statutory rcquirements. Grants offered subject to conditions whith have not been met at the year end date are noted as a commitment but not accrued as expenditure. red assets Dq)reciation is provi(ted at the following amiual rates in order lo 11¢ off each asset over its estimat useful life. Fffehold propety Short le&sehold Improvements to property Fixtur&s and fittings Motor vehicles not provided IIY/o on cosl not provided 250/0 on Cost Propertics and associated improvement costs are stated at Cost or valuation. The cost of propety is their purchase price together with incidental costs of acquisition. Expenditure on propety which resulted in an enhancement, is capitslis¢(L No depreciation is charged on propety because they are maintainsj in a stale of repair such that the estimated residual value is not less than iheir nel book value. The annual ¢harge would therefore be immaterial. Page 12 continued...
Cogtham House Notes to tbe FinaDeitil Statemenls- continued for the Year Ended 31 March 202S ACCOUNTING POLICIES- eontiDued Related party exemptlon The charitable company hag takcn advanlage of exemption. under the tern]s of Financial Rcportin¥ Standard 102 he Financial Reporting Standard applicable in the UK and Rqjublic of freland,, not to disclose related p transactions with wholly owned subsidiaTiCS within the group. Taxation The Ch]ty 15 an ex¢mpt charity within tbe meaning of S¢hedule 3 of the Charitias Act 201 l and is conside1 to pass the tests set out in paragraph I Schedule 6 Finance Act 2010 and therefore it meets the (kfinition of a charitable company for UK cooratIOn ta¥ purposes. Fund a¢eoun¢thg Generdl funds are unrestricted funds which are available for use at the discretion of the ttvstees in thrtherance of the general objectives of the charity and which have not been designated for other pu)SeS. D&%ignaled funds comprise unrestricted funds that have been sel aside by the trustees for particular pUose The aim and use of cach designated fund is set out in the notes to the financial statements. Restrict funds are funds which are to be used in accordance with specific rLgtrictions Imp by donors or which have been raised by the Charity for particular purposts. The cost of raising and administering the fullds are harged against the specific fimd. Thc aim and use of cach restrict fuT]d is set out in the notes to the fllwi¢ial statements. Pensioll herne The charity operates a thlly insure¢ contributory defmed contribution pension schevnc for all employees. The charity contiibutiOTL8 arc charged to the SOFA in the peTiod to which they relate. DOIYATIOP4S AND LEGACIES 3113125 3113124 Donations Grants 1,093 129,050 21,089 49,2(K) 130,143 70,289 Gtants r¢ceived. included in the abovq aTe as follows: 2025 2024 Ballinger Tnt County Durham Community Fund Lloyds Bank Foundation Virgin Money Foundation- Power to Change Th¢ Albert Hunt Trust Access- the Foundation for Social Investment (LARCH) Wix)dsmiih Foundation B&Q Foundation Help the Homeless Tees Valley Community Fund Monisons Foundation The Percy Bilton Charity Jack BTunton Charitable Tnlsl The Teesside Charity 20,000 20.0 5,500 25,000 8,000 60,000 4,000 5,000 5,0(K) 1,700 4,050 129,050 49,2(X) Page 13 continued...
Coatham House Notr$ to the Financial Statements- CODtiDued for the Year Ended 31 Mareh 2025 OTHER TRADING ACTIVITIES 3113125 3113124 Miscellaneous income 8,954 14,932 INCOME FROM CHARITABLE ACTIVITIES 3113125 3113124 Adivity Supporting the homeless Supporting the homeldss Rents and housing b¢nefits Support services 353,185 39,200 324.157 31,200 392,385 355,357 CHARITABLE ACTIVITIES COSTS 2025 2025 2025 2024 Unrestri¢ted Restricted Total Total Costs allocated directly to activiti&%: Staff costs Premlses costs Telephone, post stationery & advertising Insurdnce Trnvel & training Sundry costs Bad dd)ts Dq)reciation Grnnts payable to subsidiary 163,852 71,936 1,402 11,470 4,346 2,825 {17,511} 350 18,750 2,750 182,602 74,686 1,402 11,470 4,346 2,825 (17,511) 350 158,416 109,015 2,439 9,394 4,258 2,098 39,979 2,425 37,607 Support ¢ost5 (see note 6) 107,292 25,300 132,592 91,734 345.962 46,81X) 392,762 457,365 GRANfs PAYABLE 3113125 3113124 Supporting the homeless 37,607 Page 14 continued...
Coatham Hous es to the Financial Statements- contfinued for the Year Ended 31 Mareh 2025 SUPPORT COSTS 2025 2025 2025 2024 Unrestrithd 10,597 29.169 19208 22,006 6.873 2,481 733 Restricted Total 10.597 48.169 19208 22,006 6,873 2,481 733 Total 8,029 24,898 15.918 22,041 5.081 1,122 Staff costs Premise5 Telephon4 post, stationery & advertising Consultancy fees ls)an intercst Sundry costs Subsidiary costs Governance ¢os¢s: - stsff costs - Accountancy f - Legal & profe&8ional fees 19,0(K) 7,387 2,838 6,000 7,387 2,838 12,300 6,3(M 2,808 5,533 6,300 107292 25,3(K) 132,592 91.734 NET INCOMEI(EXTEIYDrruRE) Net incomel(expenditUTe) is stated after Charg1(Crltjng). 3113125 3113124 Depreciation- owned assels 350 1425 TRUSTEES, REMUNERATION AND BENEFITS were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There We no trnstees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. io. STAFF COSTS 3113125 3113124 Wages and salaries Social security costs Other pension costs 183,075 10,640 6,872 157,457 8,469 6,823 200,587 172,749 The average monthly number of employees during the year w&s as follows: 3113125 3113124 Office Hostel and Outr¢a¢h io 12 li No employees received emoluments in excess of £60,000. Page15 ntinued...
oatham House Notes to tbe Finsndal Statements- eontinued for the Year Ended 31 March 2025 ii. COMPAIL4TIVES FOR THE STATEMEN[ OF FINANCIAL ACTIVITIES Unr4stricted funds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 41,089 29,200 70289 Ch1tble actltieS Supporting the homeless 355,357 355,357 Other trading activities 14,932 14,932 Total 411,378 29,200 440,578 EXPENDITURE ON Charitable aetlvities Supporting the homeless 434,995 22,370 457,365 NET INCOMEI(EXPENDITURE) (23,617) 6,830 (16,787) RECONCILIATIOF4 OF FUI¥DS Total ftmds brought fonvard 572,019 4,819 576,838 TOTAL FUNDS CARRIED FORWARD 548.402 11,649 560,051 12. TANGIBLE FIXED ASSETS Freehold property Short Imprnvements leasehold to property COST At l April 2024 Additions Disposals 444,999 163,472 89,880 31,408 28,909 (16,399) At 31 March 2025 608,471 89,880 43,918 DEPRECIATIO At l April 2024 Charge for year Eliminated on disposal 89,880 17,812 {2,803) At 31 March 2025 89,880 15,009 NET BOOK VALUE At 31 March 2025 608,471 28,909 At 31 March 2024 444,999 13,596 Page 16 Continued...
Coatham House Notes to the Financi*l Ststejn tinued for th Y Ended 31 March 2025 12. TANGJBLE FIXED ASSETS- continued Flxthres Motor vehicles fitting$ Totals COST Ai l April 2024 Additions Disposals 54,153 2,226 (2,974) 5,000 625,440 194,607 (19,373) At 31 March 2025 53,405 5,(M)O 81K),674 DEPRECIATION At l April 2024 che foryeaT Eliminated on disposal 53,753 350 (2,974) 5,(M)O 166.445 350 (5,777) At 31 MCh 2025 51,129 5,0 161,018 NET BOOK VALUE At 31 March 2025 2,276 639,656 At 3 l March 2024 400 458,995 Tangible fixed assets includes a motor vehicle (net bwk value £DiII which was purc1ed using a grant from Help the Horneless, The freehold properties We valued by the trnstees at open malket value as * 31 March 2025. The original cost of the freehold property was £540,145 (2024: £361.673). The purchase of 15 High SlreeL Rcdcar completed July 2024, at a tolal cost of £170.000. A grdnt (£60,000) and a loan (£90.000) fn)m the LARCH fund, PTovidcd by the Key Fund, has been funded by Acce - the Foundation for Sociaj IDV£5tm¢nt and Big Society Capital have lSted with the Purchase. 13. FIXED ASSET INVESTMENrs Shares in group undertaking5 IIIARIT VALUE At l April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 There were no investment assets outside the UK. The componYs investments at tbe balance shttt date in th¢ share capital of CompoleS include the following: Page 17 continu¢d...
Coatham House Notes to the FinaneAal Statements- eontlnued for the Year Ended 31 March 2025 13. FIXED ASSET INVESTMENTS- continued CoAtham House Enterprises Limited ReEiSteffd oifice: United Kingdom NatUTe of business: Lets accommodation to young people Class of share: OrdiT]ary hoRdAng 3113125 3113124 Aggregate capital and reserves Profit for the year 55 397 (342) 38.427 14. DEBTORS: AMOUNTS FALIJNG DUE WITHIN ONE YEAR 3113125 3113124 Trade debtors Other debto Prepayments 6,074 52 504 29,624 52 5,853 6,630 35,529 15. CREDITORS: AMOUNTS FALLING DUE THIN ONEYEAR 3113125 3113124 Bank loans and overdrafts (see note 171 Trade credilors Other creditors Accruals and deferred incorne 26,686 1,064 1,711 8,597 8,768 2,539 1,137 8,191 38,058 20.635 16. CREDITORS: AMOi]NTS FALLING DUE AFTER MORE THAN ONE YEAR 3113125 3113124 Bank loans (see note17) E17,425 65,828 17. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due: Within one year Between one and two years Between two and five yeaTS MO than five years 26,686 26,686 59,558 31,181 8,768 8.768 26,163 30,897 144,111 74,596 The above includcb an int¢r¢st-fir¢ loan awarded by the Quaker Housing T[$t. The balance will be repaid over the next 4 years. Page 18 continued...
Coathvdm House Note$ ¢0 the Financial Statements- continued for the Year Ended 31 MArch 2025 17. LOANS- ¢ontinued Ther¢ is also a loan from Unity Trnst Bank plc which is repayable by monthly instalments over 10 yeats at an interesl rate of 9V/o. A loan of £90.000 has been advaDced by thc LARCH fund, provid by Key Fund Invostments Ltd and funded by Acce - the Foundation for Social Investment and Big Society Capital. to assist with the purchase of15 High StreeL Redcar.This ts repayable over 5 yeors at an interest rate of 5•10 pa. Security has been given for amounts included in creditors of £128Jl l (2024: £52,546). The Unity Trust Bank plc h&s a chaTgc ovcr the properly at l Bank Street, Redcar. Key Fund Invcstments Ltd holds a fst legal chaTge QVCT 15 High StreeL Redcar. 18. LEASING AGREEMEI¥4TS Minimum lease payments under non-cancellable operating leases fall due follows: 3113125 3113124 Within one year Between one and five years 7,750 5,41X) 5,4 13,150 19. MOVEMENT IN FUNDS Net movement in funds At 114124 At 3113125 UDrestri¢ted funds unrestrict funds Ballinger Charitable Trust 548,402 71,470 5,0(KJ 619,872 548,402 76,470 624.872 Restrfieted funds Lloyds TSB County Durham Community Foundation Virgin Moncy Foundatio Power To Change Woodsmith Foundation Key Fund Jack Brunton Charitabe T1 The Tee&side Charity 6,250 (2,750) 6250 2,750 6,899 2,000 (6,300) (2,000) 60,000 3,000 4,050 599 60,0(K) 3.1)00 4,050 11.649 62,250 73.899 TOTAL FUIYDS 560,051 138,720 698,771 Page 19 continued...
Coath8m House Notes to the Financial Statements- continued for tbe Year Ended 31 March 2025 19. MOVEMENT IN FUNDS- eontinued Nel movement in funds, included in the above are as follows: Incomlng Re50urce5 expended Movement in hnds Unrestricted fvnd5 Unrestricted funds Ballinger Charitable TnL 402,432 20,(KKi (330,962) (15,000) 71,470 5,000 422,432 (345,962) 76,470 Restri¢ted funds Lloyds 18B The Albert Hunt Th]st County Durham Community Foundation Virgin Money Foundation" Power To Change Woodsmith Foundation The Percy Bilton Charitable Twst Moffisons Foundation 125 Y Community Spaces Fund K¢y Fund Jack Brunton Charitsbe Tnjst The TeeIde Charity 25,OiJ) 7,000 (18,750) (7,000) (2,750) 6250 (2,750) (6,300) (2,000) (2,000) (6,300) (2,000) (8,000) 60,000 60,IMM) 3,000 4,050 4,050 109,050 (46,800) 62250 TOTAL FUNDS 531,482 (392.762} 138,720 Comparatives for movement fin fvnds Net movement in funds At 114123 At 3113124 Unrestricted funds Unrestrided funds 572,019 (23,617) 548,402 Restrieted funds Community Foundation Cleveland Fire Brigade County Durharn Community Foundation Virgin Money Foundation. Power To Change Woodsmith Foundation (2) (4,817) 2,750 4,817 2.750 6,899 2,000 6,899 2,0 4,819 6,830 11,649 TOTAL FUNDS 576,838 (16,787) 560.051 Page 20 ci)ntinued...
Coatham House Notes to the FinanciAI Ststement5- tontinued lor the Year Ended 31 r¢h2 19. MOVEMENT IN FUNDS- Continued Comparntive net movement in fvnd4 includcd in the atKive ar¢ &8 follows: In¢oming resoure&s Resources expended Movement ID funds Unrestrided fvnds Unrestiicted funds Ballinger Charitable Tn 391378 20,1)00 (414,995) (20,OtM)) (23,617) 411,378 (434,995) {23,617) R£%tricted fid$ Community Foundation Cleveland Fire Brigade County Durham Community Foundation B&Q Foundation Tees Valley Community Fund Virgin Money Foundatio Power To Change Woodsmith Foundation Help the Homeless (2) (4,817) (1750) (5.0(Ki) (1,71K)) (2) (4,817) 2,750 5,500 1,700 8.(KiO 4,(KJO s,0 (I,ioi ) (2,000) (5,0(X)) 6,899 29,200 (22,370) 6,830 TOTAL FUNDS 440,578 (457,365) (16,787) A grant of £20,000 from Ballinger ha5 been used to fund core wsts during the year. The remainder of the grants from County Durham Foundation and the Woodsrnith Foundatio together with grants from the Percy Bilton Trust, the Albert Hunt Trust and the Monisions Foundation have ¢ontributed towards the costs of re)Ishment WO caTTied out on the hostel and the charity's new head offic4 15 High £8,000 was received frorn the Virgin Money Foundation Power to Change for participation in th¢ L¢ading the Way progrnmme in 2023-24. £6,300 been used to develop leadehIp skills within the organisation. £599 will be caTried forward to be used in 2025126. Grants from the Jack Brunton Charitable TTUSt and the Te¢sside Clwity will be canied forward and spcnt in 2025-26. There has been a grant of £60,000 from the LARCH fi]nd. Provided by the Key Inve5trent Fund Ltd, which is fijnded by Access - the Foundation for Social Investment and Big So¢iety Capital. This ha8 been used to assist with the purchase of 15 High Stre4 Redcar. Page 21 continued...
tham H se Notes to tb¢ Financial Statements- continued for the ye Ended 31 Mareh 2025 RELATED PARTY DISCIK)SURES There were no lated party ttznsactions for the year ended 31 March 2025. 21. STATUTORY INFORMATION Coatham House is a company limtted by guardntee and has no share pital. The company is registered in England av]d Wales and its registered number and office address Can be found within the'Reference and Administrative Details, of the Report of the Trnstees. Page 22