Cornpany Reglstration No. 11677892 {England and Wal¢¥l Charity Registratl¢)n No. 1188092 SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022 llllll ABB7RSKR 14107r2022 COMPANIES HOUSE 214
SHEILA COATES FOUNDATION {LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trust•e$ Mro J Coates MrBPDelo Ms S L Hanis MsAKDulfy Mr J M Ericson Judge V Mayer Company number 11677892 Charity numb¢r 1188092 Prlnclpal and Registered Offic• Th• Courtyard Shoreham Road UFper Bling STEYNING BN44 3TN Indepèndent Examlner TC Group The Courtyard Shoreham Road Upper BegJiThJ STEYNING BN44 3TN
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEEI CONTENTS Truslees. report IndepeNlent arn1nerfS stst•m•nt of financial acbvths Balance sheet 10 C8$h statement 11 Notes to the accounts 12
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUAR Y 2022 The T$t who are al$0 dirsctvs of the chaiity forthe purrfvjses of the Companies Acl 2, present their report with the financial statements of the chanty for Ihe year ended 28 February 2022. The financial statements comply wth the Charsties Act 2011. the Ccryanies Act 2((6, the Memorandum and Artides of Association, and Aceountin9 and RepJrtin9 by Chanlies," Statement of Recommended Praciice applicable to charilies preparing Iheir accounts in accordancewith the Financial Reporting Standard applKat4e in the UKand Republi¢ of Irèlan IFRS 1021 (effective l January 20151. OBJECTIVES AND ACTIVITIES The chaniable objects of Sheila Coates Foundalion (SCFJ are for the public benefft to advance the educatton (Including social and physical trainingl and mental hearth of persons. eSpeC911Y pwsons under the age of 30 who have autism and related con(lions IbenefKiariesl. by rnthng grants and in other ways as the trusiee$ see fit. SCF was registe as a charlty in 2020 and established in the rrmory of the late Sheila Coales. Sheila was an inspirational creator of a service in Oxfordshire f(Y chiklrèn wilh autism and rdattd condrtions. She led a team of more than 90 staff working wth 2C(l Ghildren in many host schools. The p"10$OphY which Sheila engendered by example IN•S on". respeci and caring for each child and each family combined with a realism about their difficulties.. a willingness lo explore new idea5.' de¥dokxng the seryÈce lo addre$$ the daity realty of thè ¢hildron's problems; and giving staff freedom lo d¢¥elop their initiabve$. Through SCF, our benefactor wants to help young Feople 1h aubsm to be ghven every r)pprytunity lo xhieve their potential tlwive in society. The primary melhod of achieving the charitat4e otiects is to fund qualifyry initithves in EnglarKI Ihrough promoting 8n operating grant-making program5. SCF does not want to replute support or inteNentions that are. or shoukl be. slatutority provided. Snstead. SCF grants help those working with aubsttc young people to set up arKI run initi"ves that wll maké a signrfKant difference over and ¥t4)ve wthat is ¥lready ort offer. SCF grants provide opportunities for young people with aulism lo improve their Sknlls. It dr5 this by allocaknng grants to their schools or¢Iege. Grant applints are required to hlentrfy measurable outcom8s which must ultimately impact on imwo IrnIng andl¢Y mental health for rtg peLWe with autism. SCF will only fund initiatNes where the is a clear ralionale. shtrw are inrv)vative creative, which fvlfil a nee(I, and whère impact can bè dearly mèasurèd. SCF'S grant-making 15 re5portsive lo changes wthin the educatK)n and widercontexl. Where ihe(e is o specrfic or urgent need. the trustees fflay alter the focu5 or appfoach to grant-making. Applicanls must be from a mainstream sclKd, college. Other mainstrèam-basèd tatIonal p¥ovision in England, and work wlh young people with #i$M who these tttabltshments. SCF funds initiatives Ihat.. help autislic ywng people to tske part manstream atliv•S wharè ststut(Yty fvnded $upport is not enotJ9h hèlp autistic young people to pathpate In after.sch1 or outshkncole9e trtieS or study support help autistic young people to attend school through attematNe education provision work with familte5 to SUprt schwl or c(Ale9e attendance and lèamin9 improve autistic n9 peopte's mental heahh and well-being.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2022 Public benefit The trustees confirm that they have tsken into ac¢ount thè Charity Commi$¢)n's benefit ldance when mokkng dwsions to whKh thè guidanee is relevanl. This indudès= reviwng SCF'S aims obiN*s plannirwJ the direclion of SCF planning future activities setting the grant making polry. Our main actNities and who we ty to help are descjibed above. All Charitse activitie5 fc¢u$ on funding initi8tive$ in England Ihal enhance the education and mental health ol yourvj recote th autism and are undèrtaken to further our charitable purposes for the wbti¢ benèfil. Grants The grants policy sels out how trustees decide SCP5 granl4naking aclithe5, how these are undertaken. and truslees. roles in presSeS and fin¥ncial rnanagernent. The Board of Tru$te•s d•tennines thtr fo¢us, size. timing. longevty and rel•vant applicathons for each grant-making programme in accordan with SCF'S chariiable obiectNes. In dowy so it tskes into accounl its financial resources. current need and the need to opttmise the impact ol the grant. All granlees are required to rèFth on the impact of SCF funding. whth enables trustees to understand how Irwts"atives are progressin9 and how SCF'S charitablè fvnds are being spent. H(AThier. the extent of the PDrbng process vartes accordin9 to the type of grant-making programme. For the main SCF grant-making programrne Ihere 1$ a stru¢turtd porting process wth a Wu1ment to submit pOrtS at key point5 during the project. GranteE5' reports indude prog$$ against the agreed outcomes, and satisfactory reports are qUired before the next instalment of the grant is released. When initiatives end, recipients are required lo prowde an end of initiative irnpacl report focusing on the agreed initiative outcomès. A satisfactory report is required before the final payment of the grant is released. For SCF shorter, rapid rèsponse rounds. 9ranteès suLYnrt an impact statemènt aftèr s4x months indicating many autistic young peop have been Support. and how much dtfference the fur"ng has made. 2020 121 Pilot grant4naking programme The SCF grant-making pilot was plannèd. devdoped and launched in 2020. In addrtion to the central purpose of awarding grants. a key aim of the pilot was to test all aspects of our grant-making systems and help us develop plans for the next stag¢ tsf out adivrtras. Six initiatives ol befften £10.000 and £50,OC(I We fvnded. The total of grants awarded was £204.9[. Each intiativ• was planned to erKI by 31 August 2021. However the COVID-19 pandemi¢ had a significant impact on schools and cause of this trustèès approved extensions for three of the six grantees. Three ended as planned in August 2021, ojeets are due to complete at Ihe end of March 2022 and one at the end of July 2022. Schools used SCF funding to Ir8nsfrAm their enwronrnents wilh separate Sensory prow5ion inside outside, and lo provide lrfe-changing experierKe$ fof alStiC young peoFIe. A First Year Report was produced for trust¢e$ in August 2021 which drew on evidence gathered throughout the 101. incI(1n9 portS from completed project$ and inteThiews wrth students and staff who were involved. The report describe5 the impa¢t SCF funding has had on autistic young people through its grant-making.. improvements in ielalionships. well- being and engagement with learning. Key to these impacls was student involvernent in designing and developing Ihese actsvities. A surnm ofthe impacts can be fouThJ Ihe'lwl, page 9fJ1 wetrsite. SCF SLttessfully developed the systems and processes needed lo plan. delNer and administer 4 $mall-$¢ale grant$ programme. Learning frorn the first year will inform future pro9rammes and inÈtiatives.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2022 COWD respo•xe lund The COVID-19 pandemic affected the smooth planning and nMnirvJ of large4cak projects in secondary schools and colleges. It also impacled signifintty on the educalion and well-being of autistic young people. Reports showed that autistic people fount1 the restriciions and charvJ•s arising from COVID-19 parmlemic particularly testing. Although some autistic young people feli that time away frn the challenges of secondary school was beneficial. rnany did not_ For them, the impacts of the pandemic have been lonierrn and profound. yo9 people with autism said thal they had polenlialty been'left stranded. th Ihtlle SUFPYt. Throughout the pandemic. we talked to schoots, aukn"s1 young people and specialist serwces. Tlw highlighted the areas where additional funding could help- and this changed o¥er the ctyjrse of trwo years. Priorities throughout Mental health and well-teing Transition inio or oul of sec(yKJary schr1 Wothn9 with fNIleS lrnportant during national lockdms and schcrfjls dosu Access to remole arning Particularfy critical as aulistic $tudents returned to sth)Dl Return to school or college AwaDe$S of autism To address these issues, the trustees designated £718,CKX) (£611,CiKJ of which was designated during the year to 28 February 20221 to provide support in response to COVID-19. Thi$ funded four grant.making rounds offering one-off awards of £1.000 or £5.OW to mainstream secondary h9o1. thleges or aliemative provision. Thi5 was for 5hort-tèrm solutlOAS whith ¢ould bè put in plac• imme(liately. These funding opportunities were promoted through a national forum for those working with young people special educational reds and ¢Jisatslities. Local advisory services and nefvths were also ¢ru¢ial in ensurin9 kns)wl¢dge of SCF funding was shwed diray wth and g*s. The lour founds We as follows. n mid-February 2021 we launched our first COVID-19 response fund in the 17 local authoritie5 of the East Midlands, South Yorkshife and Humr$ide. We had a very good response and gave 35 awards amounting to £107,0 in the first half of March 2021. At the end of April 2021 we launched our second COVID-19 response fund. whh was Iwice the ssze of the first fund. This was ollered in the 16 local authonties in the Swth West 910n of Eland. We had a strong response and gave 54 awards amounting to £2(IS,000 in mid-June 2021. Our third rouThY was to as&st with COVID recovery. ant1 was laUd in mid-september 2021 in the 24 local auihorities in the North West region of England. ApFAicatiorts indKated a continued interest in swift funding of this type and we gave 45 awards amounting to £201.0. In Novemb•r 2021 ts trustees deSnated up to £210.LKrf) for a ftyjrlh round of COVID support funding, in the 33 local authorrties of Gater London. The number and qualty of applicats.ons suggested thal thèrè Continues to be a need for Ihi5 type and immediacy of funding. We gave 52 awards anM)unting to £204.OLK) in March and April 2022. Schr$ and colleges used funding in creatNe way5 to buy in additional re50urce5. create safe sensory spaces, to trial approaches or to supplemEnt Staffing. We have red ifflpad statement$ for the firsi rounds. whTrch ar repiesent8d in the SCF First Year Report. SCF funding has helped Schl[5 to re-engage students with learning, lower Ihe anxiety assoaated with change and has made school an easier antl more successful place in which autistic students can socialise and leam. Fethack on the second two rod$ 15 due in May 2022 and Oclckn 2022.
SHEILA COATES FOUNDATION. (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 W•bsites SCF'S website pwdès infonyth.on for any interested rer as wdl as potential granl appltints. It offers infmtion about the types of grant w• will eonsider, how the appllcation process woths. the critwia used lo a&8ess apF4i¢8tions and what successful applicants can expect. Infomation 8bJt grants has regularty been VFJated to provide inkxmalitin aboul forthcoming and INe grant rounds. We have fecentty created a new webpage summarising the irnpact of SCF fundiThJ. This draws on the data analysed for the SCF First Year Report, showing impact in numbers and throLyh shortcas9 $tudh•s. We will regularly refiesh this page addonal information, testimonials and case 5tydies from schools. All applications for the pilot granl-making programme wère sUbmrtt and processed using an online gTant-m8king portal. The portal handled all stagès of grant-making cyde". inthl registration,. a short eligibilty questionnaire.. Ihe application form.. reviéw of the apleath"On and decision". inithabve pLanniThJ and repO.ng. As part of the proce55 evaluation. and drawing on our leaming from administering SCF COVID spOnse rounds. a review of the onltne ponal was Garried out. Feedback was gathered from grantees aThJ SCF staff invofved in adminisierin9 thè portal and as a resutt wa have started to scope c¥Jt altemative systems which could meet our rTreeds in effeth.ve ways. For the COVID response rounds. we used a bas online a01lIon fomi to sim lfy the process for applicants ¥nd encoucage people to apply. This sUppts the central princwe that the lurbJ$ •r¢ for short-twm solutions which could be put in place immediately. SCF'S website and thè graAt-makin9 Portal provide gimdes aNI troubleshootiw documents to help apICantS at each stage of their appli¢ation. Achlevements and performance The previous ffinancial year wa$ SCF'S first. its aims were." to establish an online pre5en¢e. lo pilot a grant-giving proce55. and to provide benefits to a small number of autis young peopk. Having more than succes$fvlty achi8 these airns, Ihis yèar have buih on those fouThJations. In the period covered by this reFth SCF has laken significant stèps to further develop the systems and infrastructure required in undertaking its grant-making activities. COVID-19 did not in tt$elf affect the charity's income and SCF has been able to continue it5 work throughoul the year. By making an agreed alteration to Article 41 of the kncles of Association. twslees have been able io conduct meetings in peOn, online or as a hybrid of ihe Iwo_ SCF has reSpded proactively to sup Yn9 people and schools t(> overom• th• impact of the COVIO-19 pandemic and has made very positpie links with Ihose have recwved grants. Projects thal SCF has funded in the 2021r22 grant-making round have helped establishments to make provision that goes above and beyond Ihat which is statLrtory ant1 to meet needs that could not have been foreseen prior to the pandemic. Mosl notable hH5 been the very positNe response from rec¢pients who have used awards lo help th8m manage the dire experience of aub"sticyoung peOe duriThJ COVID-19 l¢xkdowns. SCF funds have helped schools and colleges to $UPFX•rt re-entry to education and improve the menlal heatth an¢J well-bein9 ol their students. The number of autisb"c young people lo benefit from these inalIve$ totals approximatety 4.575. The website provides valuable intrmation to attracl and inform polenlial grant applicants and has demnstraled the charitys ftexibility in changiro the type of granls on offer. It is rw well èstablished as the central access point for support and infom7ation for applicants and interested parties. We recognise the inveslment of time ar efftjrt involved in OpleanI submitlin9 a ctherent and successful applicabon. Follrywing a review of the pilot applKth"on process we streamlined the applicaiion portal. The inforrnation il now provide5 is even simpler than before and supFths a very straighrforward user experience. An increase in applications 8nd positive feedback from usèrs indicate that Ihis has been very succe5sfvI.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 FINANCIAL REWEW Incorn• During the rèporn"n9 period we have re¢6ivèd donations frcth SCPS benefactortot811itvJ £730,CtsJ (2021.. £515.CdlO). Of this, £611.C&) has be desKJnatèd forthe COVID-19 resp$8 fLmd. Reserves Thè trustèès arè workin9 towds tIlding resèrvès tlwough gocrtl usè of $S[ble funds and investments. The trustees intend the charity to MaIntn free wsrestrKted reserves: to provide a level ol working ¢api14 that protètts the ¢oniirwty of our wo to provide a level of funding lor unexpected opportunities to provide cover kn fisks such as Unfoseen exFenditure or unantiapated loss of incorne. The Irvstees will revw the above uiteria with ref¢rerKe tt> the strategy and Annual Plan aThJ dtmiin th• tsrget level of fre¢ reserves to meet these. The tnjstees will at times designate funds from free TeseThes for significant propct CAists. agreed grants OT replacemenl ot major assets. This has been the case wih fvnds the 2020rL1 pilot grantmaking programme and COVID-19 response fund. Investhients The trustees have set an investment 1xleY to SUPFYt the grant-maknng actiwties of the charity. Any income from any inveslrnents will bè reinvested to 05SlSt wilh wnèèting thè grant-making programme. Trustees éxpect thè investm•nts to ynèratè a rèasonable level of income. as income lomis an important component of the overall total retum. The charity holds in ¢ash SLrffKaentlund$ lo met 1medIat¥ tssh-fitw r•quir•m•nts. Ri¥k m4naggmgnt The trustees have considered the major risks to which Ihe charity is exposed and have reviewed those risks. We hold a risk register that is updated at least annually. Where appropriate. Systems or procedtAre$ have bÈÈn put in place to rnitigale the risks the charity laces. These prttedures a wM>Jicalty rèview to ensure Ihat they continue to meet the needs of the charity. Internal control risks we minim1s by Ihe inwlementalK)n Lrf procedures for aUthsation of all transacttons and ojects. The tru$tse$ ¢tsn$ider that tht 50ur¢e offunds Origirtaling from anothèreountry poses thè charlS major financial risk. Thè trustèes managè this by ensuring funding ig in place tefore embarkitYJ on any grant-making commitment. PlJn$ f¢x the fvture When establishing the ch*ity the trustees recognised Ihe neet1 to devek)p the size, scale and complexity of grant- making programmes over a period of approximalety three years. Unforeseen events. SLKh as COVID-19, have caused some delay in ¢)ur devdopment process. In first round the majority of 9ranls were for building OT infrastrudure work. Ourwork on COVIO-19 spOnSe rlghtly indicated that support to improve mental health and manage anxiety about attending school would be required. We have shown this to be the case arkj wil continue to be proaaive in suprA)rting sch¢)ols or ¢dleges should a sirnilar 8ituatiM $ris¢.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2022 In the meantime, trustees an to work in groups in 0er to develop the nexi five year strategic plan. Based on our values, these groups 11 ¢onsidèr.' a revi and FL)ssible restrL1U of the foundation's staffing and leadership.. new or extended actiwlies that SCF could develop." new grant schemes for ftjture. STRUCTURE. GOVERNANCE AND MANAGEPAEMT Sheila Coates Foundaiion {SCF) is a charitable rnpanY lThite(I by 9uaranle rtgisl¢r¢d in England and Wales {Company number 116778921 and registered as a charity in Engnd & Wale5 {1188092). It has an exemption from using'Limited' in its name. Its go¥eming document is its rremorandum and athles of a$$ooab"on. SCF has no premises,. all work is undertaken rerrKJteJy. The Registered oifth ts". The Courtyard, Shoreham Road. Upper Beeding, Steyning, West Sussex. England. BN44 3TN which is also the correspondence address. The directors of the company 8Q 81$0 ¢h•rity trustee$ •$ defined by section 177 of the Charities Act 2011. Under the requirefflents of the Memorandum and Artth$ of Association one third of the directors must retire from office by rotation at each annual gènèral mèetry. Tfw may wt themselves forward for redeciion if eligible. The rninimum number of diréctors is thrae and there is no maximum number. All tiustees Lm've their tim• voluntarily and none received benefits the tharity. Any expens¢$ ffj¢laimÈd from the charity are set oui in note 7 ofthe xcounts. In accordance wrth the charitsble objects. the charitys work focu$es gn youn9 people. The Board of Trustees seeks to ensure thal the needs of this group are approprialely relleded thrlgh the dNefsty of the trustee body. Over 50% of Ihe Gurrent trusiees arè èxperiènced in work with or in support of vulnerable young people. Additionally managment. busin¥ss and fance skdls are well reprvsented on the Board. One ol our tru5tee5 h05 personal experience of autism. In an effort to mainlain this broad skill mix. an annual audit of thè sknlls ol tr members of the Board is undertaken. This helps identify any skills gaps and focu5es Èffort5 to reeruit rw trustees. In the event of particular skills being lost due to retiremenls. or the need for additK)nal Iru5tee5. individuals a approached to offer themselves for eled¢on to the Board. Board Thétings are hèld every two months. Ouring the reporting period all bui one Board meeting was held online. in accordance with Artide 41151 of the Articles of Association. This was as a consequence ol COVID-19 restrictions on rTKJv¢ment. It has not proved limiting to getting t4Jsiness done but rt inevilably loses the valuable oPPOrtunrty for the other aspects that otherwse sutt from face to Ie Thwtings. The directors who held office during the Period arKI w) ts the date of signatLwe of ihe financial statemenls were as follows.. Mr D J Coates MrBPDelo Ms S L Harris (fomwrly Ms S L Delol MsAKDuffy Mr J M Ericson Judge Vera Mayer The directors of the company a also Charity Iru$tees as dèfined by seclion 177 of the Charilies Acl 2011.
SHEILA COATES FOUNDATION ILIMITEO BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2022 Tr Induclon and The CharofTru8tees and 8wire ktsngjer ho1 lo siwxl truslees ¥ethe intoth¢¥ rDle5. In hous• prWts1. Trustees r¢5 respMstltyS RenI Board I" mfflutes Most statutory accojnts Ouring year w• a successful strategy plaNNng '•Kdy daf intend to iepeai tNs COVID restii¢Jions allcw. TIlee5 rel¥ed tratniThJ Clildren in Edution L8fation and Ihe safeguar(kng pelw has teen w1aied to refieo tr#s. Thetru3lee8. who we 8150 Idirecr$fi1acoaIes FUjn¢jatf0rthe purF#Jsesofcxynpany law. are responsible fc¢preparingtheTnJstees' Rerty the finanfial Statem in act£rfdaneeith apr1ale lawaTrJ United Kingdom kwunlirvJ Standards (United lfjTr>>yn Gewalty AcceptedA¢counb"rJ Pra("cel. Company r¢qures the Inths to pr8par8 fmarKaal s101erne yearwhrch fair View ot the state d affa. of the tharty and ol the iTh))mirrfJ r•scoJts and 8FvlieJn tsf las[¢ Ind1ng thè incom and •XF•Mlrturè. of tha chaiiiabl• ts)mpary for IW year. Obser¥e the rnelhc<ts and k¥lnL7F4es fjn the Chaiites SORP: make1rnents aNJ estkl)ales that ar• masonai and pru Slate vknether applica UK ocgjunts.rg stsTrJarts have b8¥n $ubje¢¢ lo any miial departures disdosed and explained the financ slatements". 8nd Prepare the financial staiernerts cuKem b$ be$S it is to wewme that the chanty wll conb"nL in cferatio any time the financaal FJstion ofthe charity and enable them to ensuretswt the finaal ststtrnents cornply wth the Company Act 2C#J6. The trusteesare akn resrth&tAe forsafeguar¢ry the assets of1 cknarity and her fortskn.ng r•asonabl• steps forl1 Fxevtnkn aTrJ d•tscw offrwj cther IrWuk"e$. ThKs report has been kryare(J W0$0rp#rt 15ofthp CrynpaniesAct2006 r•l*"ng.. to srndl compaAI•S. loil Apwo¥ed bythe Boardon... ... .........I........... MsAKthrffy
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEILA COATES FOUNDATION I r•Fth to tt)e ¢harity trustees my eXannati of accnts of lh• Charitable Company for the year ended 28 Fèbruary 2022. R•$pon$ibilitiès and basls of r•port As the charivs trustee¥ ol the Charitable Company {and also its 1CtorS forthe purposes of ¢onMMrty law) you are Sponsible for the preparation Of lh acctrjnts in accordartt with the requirements of the Companies Act 2( I'the 20C6 Ad). Having satisfied myself that the acCntS of the Charitable Compwy are not r¢quirnd to be audrfded under Part 16 of the 2(6 Act and are eligie for independent examinalion, I report in respect of my examinalion of your d)arity's accounts as carried out under secth)n 145 of the charlÈ$ Acl 2011 (the 2011 Acri. In carying out my examination I have followed the Direclion5 given by thè Charty Commission under section 145(51 (b) of Ihe 2011 Act. Indèp•nd•nt •xamln•rfs Statement Since the charilable companls ymss incoN exceeded £250,OLKJ your examiner musl be a membèr of a body liste(l in sectson 145 of the 2011 Act. I confimi that l am qualrfied to undertake the examination because l am member of the Asso¢iatson of Chartered Certthed Accounlants. which is one of Ihtr listed bc4lbes. I have completed my examination. I conffirrn that no m8ttÈrs have come to my attention in connection with the examination giving me cause to believe.. accounting records were rb)t kept SPeCt of Ihe Chariti*le Company as required by $ecthJn 386 of the 2OJ6 Act., or th? accounts do rKII accord wth those records.. or thè aecounts do not conwy th the accountirvJ requirerrpnts of seth.on 3 of th• 2Crf)6 Act other than any iequirement ihat the accounts give a'true and fair view which is not a matter considered as part ol an independent examinalion. or the accounts have not been prepared in accordance wbth the melhods and Prinue5 of the Stslemtrnt of RecomrrerHJed Pracb'ce for un.ng and reporting by charilies. I have no concems and have ¢tyne a¢ro$$ noather matters in connectti)n th Ihe examinalion to which attention should be drawn in report in ordef to enable a proper derstan¢Tra of the aCw1r to b• reached. ark Cummlns FCCA FCIE On behalf ofTC Group Office." Steyning. West Sussex 03t8d'.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 28 FEBRUARY 2022 Unr•strict•d D•signat•d funds funds Total 2022 Total 2021 Income from: Donat8 and legacies Not• 730.000 730.000 565,000 Totsl In¢omo 730.(XIO 730.000 5.000 Exp¢ndltur• on: Charitable adivities 91.Tn 514.000 605.777 336.167 Tot•1 expenditure 91.Tn 514.000 605.777 336.167 Net incomo 638.223 {S14.0001 124.223 228.833 Transfers btheen funds 11 1611.000) 611,000 Net movement in funds 97.000 124.223 228,833 Reconciliation of funds Total furKls brought fOard 121.717 107.1)00 228.717 {1161 Total fund$ ¢¥rried forward 12 148.940 352.940 228,717 The Statement of Financial Activities also complies with the reqU1MentS for w incorne and expenditure coUnt under the Cornpanies Act 21XJ6. Al a¢lMties are as ¢onbnuing. There are M recognised gans or losses other than Ihose reported on the Statemety of Finanlial Adivities.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) BALANCE SHEET AS A T 28 FEBRUARY2022 Current ag8ets Cash at t aThJ hand 362.765 362.765 cdItO. amounts fallkig d fhlthln ong yw (4W) {134.0481 Net CUnpntats 228.717 228.717 Th•fvnd• olth• ¢trArlty: 12 11 148yO 121.717 107.C( Designabj fvnds 228,717 FOF the finamd year in quest the MpanY WAS ored to exwnw Lmder S8ct 477 of the Compw)i89 A¢t20C6 relab.ng to $rnall crynpanies. No meffl have [eqLDthe COM1 to obtsin an au¢Yrtofrts accounts for Ihe yèar in queth'on in ac£rydarxevAlh secon 476 ofthe Cornparbie5 Ad 2C#J6. Th? dirtcior5 arknob?ge their resp51t41 lor re5peGt to recorts Werati of Those ffinarKa statnonts ha¥• téèn pre(d in a¢<¥Y¢an1Ih ts sw>af of Part 15 ofthe Companies Act to small ¢omF0nies and consbtute ral financ3al SlateM rw4uirnd by Th& a¢c¢unts Ihè .25 JL 2 0 2 2 MsAKDulfy Tru$tr¥ io
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) CASH FLOW STATEMENT AS A T28 FEBRUARY2022 2022 2021 Cash flows from op•ratlng actlvltles 13 39.233 (1,138.7341 Ca8h flows fmm in¥•stiny aetiviti•s Procéeds from sale of property. plant and equipment 1,479,024 N•t cash from Invesilng actMtS•s 1,479,024 Increase in ¥h •nd ¢a$h *quival¢nts 39.233 342.290 Cash and eash equivalents at stsrt of year 362.76S 20.475 ¢a¥h and c•sh equivalgnts at end of year 401.998 362.765 All cash is eash at bank And hand. li
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2022 L¢gal $tatus of charitsbl• comparry Sheila Coe$ Foundakn"on is a charitable company. limited by guarantee, registertd in England and Wales. The ¢haritsblè compan$ registered number and r¥sterj office address ¢8n be fwnd in the Irustees. rtport. In the event of the chwity being WOUr . the liabilty in respect of the warante& 1$ limited to £10 per member of the cha(ity. A¢countiny policies 8asls of prnparation The accotjnts have been prepared in with Acnb"n9 arnl Reporting by Charities.. Stslemenl of Recommended Practice appliGable to ¢harrt$ preparing their accounts in accordance wilh the Finaneial Reporting Standard p1¢ab in thé UK and RepublK of IreLand IFRS 102) (effective 1 Jartuary 20151- (Charities SORP IFRS 102}), and the Companies Act 2. Sheila Coates Fndation meets the ¢Jefinrtion ol a pU1C benefft entity under FRS 102. Assets and liabilities are initially recognised at hiskwcal cost transacbon vahje lesS otherwise stsléd in the relevant accounting policy note(s). The financtal statements are prepared in sterling, whi¢h is thè functional CurncY of the charitable comp8ny. Monetary amounts in these financial stalements a rounded to Ihe nearest pound. Going concèrn After making appropriate enquiries, the trustees have a reasonab expectation that the ¢harity has adequate resource5 to conts.nue in operational exIstere forthe foreseeable luture. This includes taking into account ony known inycl ofthe COVID-19 pandemic. IncLYne l in¢oming r¢sourGes are includèd in the Statement of FinancialActiwtseswhen the Gharrty is legalty entrtled to the income. rt is probable Ihe income will be eryed and the arrK)unt can bt quantrfied wth reasonable atturacy. Donations and other forrns of voluntsry inm a re¢o9nised as income when receivable. except in50far as they are InCapae of finwci81 nasucem&nt. Investrnent incomè is acctyJnted forwhen receNab. ExndIture and basis ofapportloning costs Expenditwe 1$ 8¢¢ount¢d for an aT$ basis with the wrecoverable elem?nl of VAT irKlud¢d with the item to which it relate$ and has been dasstfied under ading5 that aggregate all ¢osts r•lal•d to the alegQry. Expendituie on charitable activilies inckjdes the awarding of gAnts to benefla1 third parties. and the governance costs asswaled wth the continuing operati¢)n of SCF. Govemance costs (included withbn Supwrt ¢o$ts) comprises all costs a$ated with constitulional and statutory requirements which the ¢harity nwJst comFIy. 12
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 ountin9 Policies IcontinLRd) 2.5 Cash at bank and In hand Cash at bank and in hand indudes cash arha shryt term hvjhly IKJuid inveslments. Th¢ truste8s sèek to use short term deF05tls to maximise Ihe relum on nvy)ies held * the bank and to manage cash flow. 16 Credltors and provlsl Creditors and provisions are recognised where the chanty has present obltgation resutting from a past event that will probabty result in a transfer of funds to a th¥d party an(1 Ihe amounl due to settle the OblatiOn can be measured or estimated reliably. 17 Fund Accountlng Funds held by the charity are eilher. Unreslricte(I general furKl3- these a fvnds whth are available for use at the discretion of the trustees in furtheranc¢ ofthe 9neral rtjpth.ves ofthe charity altti•ch have not been designated for Other purposes. Designaled funds- these are Untricted fvrKts set aside by trustee$ for a spe¢ifi¢ purpose. 2.8 Judgements and key source8 of e5tlmatlon unc•rt*lnty In the application of the charitys accounting polKies. the trustees a required to make judgements, estimates and assumptions about the¢arng amount of assets and liabilitie5 that are rKJI readily apparenl from other sources. The estimates and associated a55umption5 arè ba5Èd on historical experience and other factors Ihat are conwdered to bè rtknant. Adual rèsults may differ from these estimates. The estimates and undertying aSSumpn$ are ewe¢l on an ongoing basis. Revi$ions to aeeoLmtiNJ gstimate$ are rgnised in thè Pefiod in which the estimate is rewsed. The trustees do not consider that there are wy Nilical estirr¥te$ or areas of judggmBnt that need to b txought to the attention of thè readets oftht finantsal statements. 13
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Income from donatio Unrestrlctrd Designatsd lunds fvnds Totsl 2022 Total DonatiM$ 730.000 730,(KK) 730.000 Total expenditure Granl fvnding Total 2022 Totsl 2021 Exp•nditur• on charitable al¥ltieS Aetivitiès undértaken direclty Support costs 77.184 14.593 514.WO 591.184 14.593 318,858 17.309 Total charitable aclivities 91.777 514,(K*) 605.777 336,167 Analysis of support costs {Includin9 Go¥¢m•n¢¢ ¢ostsl Total Total 2022 2021 Govemanee eosts". Legal and profèssienal Independent examinerfs fees 11,893 2.700 15,20Y 2,100 14,593 17,309 14
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 Grants y•ble During the year grants totalling £514.000 were paid to 134 educalional instytutK)ns12021: £204.9(J) paid to 6 institutions). Comparative Funds- Statement of FInatal Activities ftx the year erbded 28 Febru•ry 2021 Untricted De#ignated fund¥ Total 2021 Ineome from: Donalions and legaeS 565.000 565.000 Total Incom• 565.000 565.000 ExpÈnd•turÈ on.. Charitable activitses 131.267 20491x1 336,167 Total ?xpwd1re 131.267 204,900 336,167 Not Ineom• 433.733 {204.9001 228,833 Trdnsférs b•lwten luThJs 1311.9001 311.9¢JO Net movem•nt In lunds 121.833 107,000 228,833 R•coneiliation ol funds Totsl funds brought forw 11161 Total fvnd$ ¢arrièd forward 12 121.717 107.OOD 228,717 15
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 No Iru8tees rectyd any remuneration direcuy from the charity 2021 or 202Z. SCPS nefarIty donated £730.(o1202l.' £515.WO) to the Charity durirwj the year. Exyns•s totalling £nil were reimbjrsed to trustees (kjring the yw (2(F21: two trustees tolalling £256). Payments totalling £nil12021.' £212) were made to volpf0 ring the year. a company cowned by the spouse of A Dulfy. Empl¢)y••s During the year there wer• no individuals direcily employed by the tharity. Other than the ditors. No dirèctors reeéNtd any remuneration directly from the charity in 2021 or 2022. Taxation As a charity. Shell a Coates Foundation is exempt from tsx on income and 9ain$ to the exient Ihal these are applied to its charitable obiects 10 Creditors: amounts falling du• wlthSn one year 2022 2021 Trade rJwtors Accruals and defefred income 1.500 47.558 720 133,328 49.058 134.048 11 Deslgnated funds Movement in funds Balanc• at Incoming ResOue 1 March resources expended 2021 Transf•rn Balance at bèt¥Yeen 28 February funds 2022 COVID response funt1 107,¢JXJ 1514.000} 611.CKJO 204.000 107.¢JXJ 1514,OOD) 611,CLKI 204,000 Reports showed that aubstic peoplè found the reStricS and changes arisiThJ from the COVID-19 pandemic pa'CUlarlY difficuh to manage. As a result. the trustees allocated sums lo provide $uppty1 to respond to COVID-19. This fvndeo four grant-makj.ng rounds offering one-off award5 of £1.000 or ts.000 lo rnain51ream secondary $¢hools. clegeS or ahemative prowsion. This was for short-lerm solutions in support of.. mental health and wall-b"ng,' transilion into w out of secondary school.. workin9 With farnilie$." access to mole leamin9". retum to schwl or colege: awareress of autism. which could put in place irtwneilialety. 16
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2022 11 D¢ssgnatsd fvnd {¢ontinugdl These funding opportuniti85 were off•Jed in the.. 17 local aulhorities of the East Midlands. South Yorkshire and Hurrknerside 16 local avlhorities ir¢ the Scyjth West region of England 24 local aulhorities in the N(th West region of England 33 Ioc81 aulhorities of Greater London Trustees transferred £611.000 into "$ fund during the year. 12 Analysis of net assets between funds Unrestrlcted Oeslgnated lunds funds Total Fund balances at 28 February 2022 are rwesented by". Current a$set$ Creditors". amnts fallrng dLP vrithin year 197.998 (49.0581 401,998 149.0581 148.940 204.0 352,940 Unr•strict•d funds Dèsignated funds Total Fund balances at 28 FebnAry 221 are repsented by.. Current assets Creditors.. anUnIS falling vAthin cffle year 255.765 (134.048} 107.C((I 362.765 (134,048) 121.717 107.oc 228.717 13 Nèt cash infl¢>wl{outlltyl from operating activiti 2022 2021 Net incorr 124.223 228.833 31.310 184.9901 11.396.877) Loss on the sale offixed assets Increaselldecrease} in credrto 39,233 11.136,734) 14 Ultlmot• eantrolling party The charity was urvlerthe ¢onlrol ofthe TnJ5tees the perirA under review. 17