Company R•gi5trat•on No. 116778921Engl•nd and W¥]es Charity R•gi$¢ratlon No. 1188092 SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 AC7KXFIH IW0712023 COWANIES HOUSE A14
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SHEILA COATES FOUNDATION ILIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Mr O J Coates MrBPDe MsSLHarris MsAKDuffy Mrj M Ericson Judge V Mayer Company numb*r 11677892 Charity number 11880¥2 Principal Addr and RegiSted Olfi The Crtyard Shoreh4m Road Upper 8eedir¥J STEYNING BN44 3TN Independenl Exominer TC Group The Courtyard Shorèham Road Upper Beeding STEYNING BN44 3TN
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) CONTENTS Trustees, rewt Indendent examinerfs rewt Statement of financial actiyitses 10 Balan sheet 11 Cash flow statenEnt 12 Notes to the aJnIS 13
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUARY 2023 The Trustees who are also directors of the charity for the purposes of Comwies A¢t 2()6. present their report with the financAal staternenls of the thartty for the year ended 28 February 2023. The finanoal $lalements comply wilh the Charities Acl 2011. the Companies Acl 2OA. the Merrwandum and Articles of Assooalion. and Accounting and Rgporting by Chariiies,. Statement of Recornmended PractTrce applTr¢able lo charities preparing Iheiraccounls in 3tx0rdan1rtl Ihe Finanoal Reporting Standard aWicable in the UK 3rKI Republi¢ of Ireland {FRS 102) (effective 1 Januay 2015). OBJECTNES AND ACTIVITIES The charitable ot4.ecas of Sheila Coates Foundatton (SCF) are the public befft to advCe Ihe education (including sooal and physical training) and mental heamh of persons, especially persons under the a9e of 30 vkno hav8 autism and related conditions (beneficiariesl. by maknng grants and in such other ways as the trustees see fit. SCF was registsred as 8 charity w) 2020 and estsblished in the Irmory of Ihe lale Coales. Sheila was an inspirational creatof of a Servi in Oxfordshire for ¢hikJren 7Mth aulism and lated conilitions. She led a team of more than 90 staff working ¥th 2C(l thildren in many hosl schcds. The philosophy whi¢h Sheila engendered by her example lives on." respect and caring for each chikl and each lamity combined with a realism about their difficulties.. a willingness to explore new ideas.. developirtg the semee to address the daily reality of the children's problems". anty gmng staff freedom lo develop their inlINEs. Through SCF. our benefactcrf tS to help young people with aubsm lo be given every okwrtunity to athieve Iheir potential and thrive in Kwiety. The primary melhcKI tsf achien9 the charl 0tr4.ects is to fund qualfying inaliveS in Engknd through promoting and operating grant-rnaking programmes. SCF does not want to replule support cw inteThEntions that . crf Shou be, statutorily promded. Instead, SCF grants help those workn'ng with autistic young people to Set up and wn inibalwes that 11 make a significant drfterence over and abov8 whal is already on offer. SCF grants providè opportunities for young people wth autism to improve their skills. 11 does this fly allocating grants to their schools or coles. Grant applieAnts are required to identfy measurable outcomes which mu51 ullimatefy impacl on improved leaming andlor mental health for young peOe with autigm. SCF wÉll onty fund inibatives where Ihere is a dear TalNxe. which sh(Mf they are innovalive and ryeative. which a need, and where Ir8 Can bg deady measured. SCF'S granl-maknng is respon51ve lo changes wilhin the education and wider context. Where there is a specrfic oi urgent need, the tnjslees may alter the focJJs or approach lo grant-makn"ng. Applicants must be frTrm a mainstream schcd. college. or other mainstream-based educational prwsion in England. and work with young people wlh aub.sm who attend these establishments. SCF funds initiatives that.. help aub$tr young people to take part fully in mainstream aCtilieS where stalutonly funded supwt is not enough help aulislic young people lo participate in after-school LY OLrtside-college acliwties or study support help autistic young people to attend schwl through altemative education provision woth with familiès to SUPF¥Jrt sc*oc4 or ccAlege attendance and ieaming ImrVe aubstic young Feople's mental health and well-being.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Public benefit The truslee5 confirm that they have taken into a¢count the Charity Conwnission's public benefft guidae when making deu'sions to whK the guidance is relevant. Tl¥s irdudes.. Tewewing SCF'$ aims and objecti¥es planning the dire¢b"tsn of SCF planning luture adiwlies selting the grant makn'ng Oicy. Our main actiMties and who we ty to help are described above. AJI our charitable activities fecus on funding inltialives in England that enhance the education and Thntsl heath of young people th a(rttsm and are undertaken to further our tharitable purposes for the publ benefft. The grants policy sets out how the trustees decade upon SCPS gwl-making NIt. hrA¥ these are undertaken. and Irust8es' roles in procews and financAal management. The Board of Trustees determines the focus. size. timing, longevty and relevant ap1¢allonS for each granl-making programwE in accordance with SCF'$ ¢harrtable obJecti¥¢$. In dL)in9 so it takes into account its financial resources, ojrrent need and the need to optimise the imp•X of the granL Pilot rant-makin mm In February 2023 WÈ closed our first major grant-maknng fund. fts aim had been to plot emerging 3yslein5 for SCF grant- making. The final three projects. whose ts"mes$ had bgen gxtended due to the pandemic's impact on 5choo1$. cornpleted behyeen May and February. Lèaming from this pibt grant-making programme has InfcffM the current wgramft. The total amount offunding provided was £32.650 less than originalty anticApaled. and these a¢counls refiect this. id re5 onse fun The cov119 pandemic impacted significantly on the educabon and well-bwng of autistic young people. It also affected the smooth planniThJ and running of larg&scale projects in senary Schr$ and ¢olleges. As a rèsult. SCF changed the shape ol it$ grant-making and has run a series of smaller-scale rawd reSnse r(xmds. The focus ofeach rapid response rwnd is basedon deskiop research. on discJJssion with sc)0015 and specialist seM¢e$, and wth autistic young people themsets. Through this approach. SCF has been able to highlight the areas where additional funding can help and make the most impact. This has develoFed sift the rapid response munds were troduced in 2021. A key priority througho Mental health and welleing. Many n9 people's menial health had Suffered as a result of th8 COVID-19 pandemi¢. Whil8 majority of young p80ple have adjusted to being back in school after periods of lockdown. autist¢ students ha¥9 $tru99led to manage ts anxiety aSslated with change and diswpled leaming. Important dLtring the pandemic Transition into or OLrt of secondary sd Wothng with farrilies Important during national loc*dcrwns and school dosures Ae$S to remote reaming Particularfy critical as autistic students retumed lo S¢1X4 Transrtion beh¥een home and school or c4Jllege Awareness of autism
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2023 Relevant in the Context of economic and pcAicy chngeS facarvJ sd018 and c)Ileges Access to speaalisl interventions Developng autism expertise To ènsurè SCF funds targeted areas of nwjst need. SdKlS and ¢xJles were acbwty ervraged lo consult with and w(¥k with autist yourtsJ people. This also relteds SCF values. starting in 2021 trustees designated £1.153,000 for rayd $r01$e funding to prowde support in response lo the real issues facin9 autistic young people in secondary schoo15. This amount funde11 six gfanl-making rounds offering one-off awards of £1.000 or £5.OW to mainstream secondary sthools, colleges or aliemati¥p proyisTron. SCF rapKI fesponse funds are fw short-lemi s¢4ub"ons whKth ¢an be put in Pl immediatdy. £435.000 was designated during the year lo 28 February 2023 and this fvnd such rounds. These fijnding opportunitieswere promoted through a national forum forthosewO"ngW1th young peoplewilh special educational needs and disab"lrties. L¢eal adkisory seiwices and neh¥orkswere alsouuaal in ensurng knowwge ofSCF fundw)gwas shared directly with schools and colleges. In September 2022 we launched the frflh SCF rapid wponse fund. the first one not (liredy COVIrelated. Research suggested that there were a number of compounding factors affeding 8Utistic students in secondary schools and colleges. Funding was offered tothe 33 local authorities in the West Midlands. Ncth Yorkskmre, the North Eastof England and Wesl Yorkshire. We gave 86 awards amounkn"n9 to £234,OC(l in November 2022. Schools and e)Ileges used funding in uealive ways to buy in add•>1 resources. create sensory spaces, lo trial new approaches or to supplement staffing. SCF funding has helFd schools lo re-engage students with learning, lower thè anxièty associated with change and has made school an eaSr and more Su$$fUl place in which autistic students can socialise and leam. Morè recent, we have funded staff development actiwlies lo inttease knowledge of autism across sthc)015 and cdleges. in¢reasiNJ speoalisl expertk8è which can be difficult to recrurt. Staff who unllerstsnd about autism is something aub"sl¢ young people have rÈFthed as crucial. having a high impaca on their leaming 8nd ability lo positively acce55 mainstream edtion. Our sixth rapid spOnSe fund was kunched earfy February2023 in the 11 boeAI 3Lrthorities of the East ol England. Again, this fund is not speafically COVID-related but aims to address issues fa(ang aulisbc students post-pandemic and within the ¢urTenl e¢onomi¢ downtum. The posibve response confirms the presng need forfijnding, and we gavè £201,000 to 49 schcds and colleges. act re AII SCF 9rantees are required to report on the impact of SCF fvnding, which enablestrusleesto understand how initialive5 are pro9ressing and how SCF'S chariiable funds are being spenl. However. the extent of the rekwrting presS varies a¢¢ording lo the type of grant-makng programme. For the rnain SCF grant-maknng wogranNne the is 8 report19 8$$ vAih a requirement to submit reFQrts al key points during the Pfoject. Grantees, pOrtS indude progre55 against the agwd outcomas, and satisfactory reports are required before the next instalment of the grant is rdeased. When inthb.ves end, reopienls are required to provide an end of initiathve impact report fo¢uwng the agreed Inalive outcors. A satisfactory report is required belore the final payrnent of the grant js released.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 For SCF shorfer. rapid response rounds. there is m¢xe detailed ifflpa measurenRnt. All grant¥e$ Submit an impact slatement afterX rnthS indicaling how mwy t1$b¢yOUng Fvle have been $upportesJ, and how much d[fferen the lunthng has made. This prowdes a general mèasure of the impact of SCF funded activity. This year, a represenlalive SeleCtn of grantees larourxl 25% of all successful applt)nsI ojmpleted SCF impact mea$tJre$. De¥eloped and trialled during sumffler 2022. SCF impact measures are hvo simpte-lU$e ratin9 scales which measure student engagement and well-being to reljecl SCF alts. Schools and colleges submitted dats before funded activity started. This was analysed ar fed back lo s¢h¢ol$ aNI cdleggs in the form of charts and tables. Thè measures will be repeated after 6 rnonths and analysed for mpariS0n lo show a focused impact of SCF funded activty. This year, analy5 of dats from impa¢1 ststements latifi9 to rapMI response funds three and four shows that SCF funding makes 4 significant impact lo sth0015. stnIS and lo stsff. In these funding rounds 99% of schools and colleges reported an impaci after just 6 months. A summary of ihe impacts and Illustrati case $tudie$ can be found on I,1MpaCt, page of th• SCF website. A second impact report. reflecting the impad of all six of the reSpSe fvnds and iThJuding data from the newly developed SCF impxt measure5. wll be prodUd in Auiumn 2023. Webslt•s SCF'3 webyle provides information f¢r any intèrèsted reader as well as potential grant apFdicanls. It offers information about the types of grant we will 0)nder, ihe application PfO(ss works, tha criteria used lo assess applical¢ons and what successful applcarrts can exFd. Infomi'on aboul 9ranls has regularfy been updated to prode information at)Ut forthcoming and live grant rounds. Last yearwe ¢ated a new webpage sumrnarislng the impact of SCF funding. This draw5 on the dats analysed lor the SCF Fitsl Year Reptsrt. showing impact in nUmrS and through short case studies. We regulady refresh this section of the websrte. ar)d this year have crealed a new page giving information about the new SCF ifflpact measures. Only recipients of SCF grants are able lo download and use Ihe measures. more general infomation is available to everyone. All applications for thg pilot grant-maknng Pfogramme were submitted and processe(l using an online granl-making portal. The p)rt81 managed all sta9ès of the 9rant-making de. Follong an in-deplh rewiew and drawiftg on our leaming from administering SCF rapid sponse rounds we discontinued our use of the FKJrtal. Thi5 year we have scoped cmjt altemati¥e SYStS whK can meet our needs in c051 eff8¢tive ways. For the rapid SponSe rounds, we use a more basic online applKation form to Mplify the process for applicants and lo encourage people to appty. This supports the central principle Ihat the fvnds are for short-lerm solutions which cwld be pul in place immediately. Recommendations for an online latlored grant management system have been made lo Iru$tee$. and thi5 forms part ol ongoing strateg[¢ planning. SCF'S website and the granl-makÈNJ portal provide guides arKI trouble$hootuwJ docLwnents to help applicants at each stag8 ofthwr application. A¢hlevernnts and p•rf)m)anco In Ihe per covered by this report SCF has developed ils managemÈnt ol short, rapid- response rounds, which have been well received by the reapients. The source of our lunding has mained kmedominanlty the same. allhough we gratefully received a donation of £20.000 from an addOnal benefactor. Having made an agreed alteration to Artide 41 of ihe Ar*'rJes of A53110n. trustees have nts"nued to ¢ortduct meetings in person. online or as a hybrid of the 0.
SHEILA COATES FOUNDATION ILIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 SCF has responded proactively to 3UPPOrt young people. their sthools and tsIeYes. asthey settled back into educallon after lockdown. Havin9 aimed to cover all regions of Engnd. this yearwe loThJsed on Gmler London. Wesl Midlands. North East and East of Engiqnd. In the following year we wll offet cpportuntties to Sca15 and coles in the &)uth EasL Projects that SCF has funded in the 2022Q3 grant-making round have helped es1$hMents to make provision that goes above and bed that whKh is StatutL)ry and to meet needs that have been spe¢rf4cally idonlified by mainslream education providers. Most notable has been the very positive response from reripients who have used awards to reinforce attendance and leamirrfj, to support full-time access to edation and to improve the mental health and well- being of their students. The nUMr of autisti¢ young peopfe to benefit from these initiatives totals approximately 4,194. The website Proe5 Valuable Mlfomakn to attra and infomi rthntial grant appIants and has demonstrated the charity's flexibility in changing the type of grants on offer. It is now wetl established a$ the ¢entral access point for support and information for applKants and inlerested parbes. Hvwever. work done by Ihe educatK)n adviser lo build secure database has ensured that direct contact can also be made wrth providers, aUrit$ and support agencies. We re¢owise the investment of tiffle aTrJ effort inwlt¥Ed in an applwt submitting a coherent and succe55fv1 application. Following ¥ streamline of the application PresS last yea(, this has been further smplified so that appl"0ns, assessments and awards can be dealt wilh ¥thin a reduced timescale. Positive feedbac from useis indicates that this has been very SU$$fL. FINANCIAL REVIEW Income During the reporting period wg have receb¥e(I dMations from SCF'S benefaCtS totaling £520,OCKI12022.. £730,000). 01 this, £435,OCQ has been designated for the RaFyd response fund. The Iruslees are workn.ng towards building feserve$ thr(wh good use of ac£essible funds and investment5. The trustees intend the charity lo Mainla free untrle reserves: to ¢)8 a level o1woln9 Ca Ihat protects fv contiThJity of our work lo provide 8 level of fvnding for unexpected opportunitses to wovide cowr for risks such as unforeseen expenditure unanlicipated loss of In¢ome. The trustees will re•W the above teria with reference to the strategy and Annual Plan and delemiina the target level ol free rèseThes to meet these. Al the end ofthe repNtirvJ penod, the charitys were £379.841. The free reseThes were £178,841. The IrusteÈs WAI at times designalÈ funds from free reserves for Sign1 projèct costs, agreed grants OT replacement ol major assets. This has been the case wrth fijnds for the 2020r21 pilot granlmaking programme. COVID-19 response fund and Rapid response fund. Investments Currenuy, the charity hdds no investments. Hmver. in prfjpatal fof investing, the trustees have set an investmenl policy to SUPPOrt the grant-making actiwb.es of the charity. This provkles f any income fmm in74estMts to te Teirwested to assist wilh meeling tt grant-making programmes. Trustees expect any investments to genere a reasonable level of income, a5 income forms an important mponent of the overall lolal tUrn. The charity holds in cash sufficient fvnds to meel immediate casmow requirements.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) R?R THE YEAR ENDED 28 FEBRUAR Y2023 Rlsk management Led by the govemance committee, tnjstees have ¢xnsidered the Maj risks to whi¢h the charity has been expos&J. have iewewed those risks ar¥J where necessary taken the appropriate aclion lo address them. We hold a risk register that is updated at least annualty. (JJr kYocgdurg$ fLY risk management are periodiczlly reviewed lo ensure that they continu8 to meel the needs of the ¢hanty. Inlemal control risks are minimised by the imF4enlatiCffl of pr(ethre$ for auU)orisatx)n of all transaclions and project5. The trustees consider that the source of fimds orvJinatiThJ from arthr county pose$ tha charity's major financial risk. The trustees manage Ihis by enyjring furHling is in place befo embthing on any 9ranl-making commilfflenl. Pl•n8 forthe Last year. sponse showed that our w¢yk on COVID-19 response made a signtficant impaci in supporting education stsff to manage hwh levels of anxiety for young people both in arHI out ol school. year we have been conscious that life has not simpty tUrned to nomial for many young people wth aulism. We have therefo ¢ontinued to emphasise support fw mental health in our grant-giwng and lotesee that this will rernain a need in the following year. In the meantime, trustees have wothed tcJether lo begin the next fve year slratwc ptan. Based on our value5, we have considered.. a review and pOss41e restructure of the foundalion's Staffing and leadership., new or extended activilies that SCF cKHJld develop" and new tyant sdmes fty the fUre. Final decisions about these are currenlly being made. STRUCTURE, GOVERNANCE AND MANAGEMENT Sheila Coates Foundation {SCFI is a charitabje ts)mpany limited by guarantee registered in England and Wales Icompany number 116778921 and registered as a charity in Engnd & Wales 11188092}. It has an exernption frc using'Limiled' in its name. Its governing document is ils rrM0randUrn and artides of asso¢iatK)n. SCF has no premises., all wortt is undertaken remotefy. The Registered office i8.. The Courtyard. ShOhaM Road, Upper Beeding. Steyning. West Sussex. England. 8N44 3TN which is also the correspondence addtess. Th• dw8Ctors of ihe company are also charTty trustees as define<J by SectK 177 of thè Charities Act 2011. Underlhe requirements of the Memorandum and Artide5 of Asso¢iabon one third of the directors must relire from officE by folalion at each annual general meeting. They may put thernSees fonyard for relecb"on if eligible. The minimum number of direthrs is three and there is no MmuM number. All trustee5 give their lime voluntsrily and rM)ne re¢eived benefts from Charity. Any expenses reclairned frorn the charity are set out in Th)le 7 of the accounts. In accordance with the ¢harilable objects, the charivs work foJseS on young peDe. The Board of Trustees seeks to ensure that the needs ofthis 9roup are appropriately reflecied through the diversity of the Iruslee Wy. Over SOQA of the curn1 tnjslees are experience<l in work with or in support of VUlnerae young people. AdditK)ally managernent, business and finance skills a well represenle¢J CA) Ihe Board. One of our trustees has personal experien of autisrn. In an effort lo maintsin this skn.ll mix. an annual audit of the skills of the members of the Board is undertaken. This help5 identify any skills gaps and f(uses efforts to reuuil new trustees. In the event of partjjlar skills being lost due to retirements, or Ihe need for additional Iru51ees. indmduals are approached lo offer themselves for elec'On lo the Board. Hawng gone through this trustees agreed that there 15 rren(lY no wuiremenl for an addAt'onal Board member at this tiff.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2023 Board meetings are held five tim85 a year. of whKh are intended to be held face lo face in person, and three held online. During the feporting period. meeting$ Wefe held in person and Onle. in accordanc with Arwe 41 of the Articles of AsscrAation. The directors who held offtt duri the Peii)d and up lo the dale of signature ofthe finanrAal statements We as follows.. Mr D J Coates MrBPDelo Ms S L Harris MsAKDufy Mr J M Eri(son Judge Vera Mayer The dirertors of the company we also charity trustees as defined by section 177 of Ihe Charitses Act 2011. Tru$to9 Inductlon and Trnlnlng Where required, the Chair ofTruslees and Business Manager are hand to support new trustees as they Sett into their roles. New trustees are prowded wrfh docjjments and tiefingS to f4mli•ise them wlh the chanty and the context vAthin which il operates. This Covers the Idlon9 main doCumts. Charity Commission Charity trustee Wel pa¢k The Charity Governance Code In house presentation- Trustees roles and resPsIbIlI11es The ¢haWs slrale9y document The Memorandum and Artides of 8ssc¢iation Recent Board meeting minutes Most recent statutory aco)unls During thi5 year we held successful strategy and planning lis$$)n$ to infoffli and shape aclK)n plans for the charity's future. Trustees also received updated training on safegyarding and the current edUcatal dimate.
SHEILA COATES FOUNDATION (UMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Th•trusts. who s0150# (1Tr¢ctNsofSh1a Coai8s FrlI)n•theWrP0seS OICpaThy Iw, Mpytsitl• omF4ny wu1$ Intst8es to Nepare ¥atnts fjnK3a year we o true 8nd falr ew of ihe state of thrs of the thOFity and of ts irwnry rewJr<• aFrf¢0tit of reaourcrt ir4111r4j the income exfftrture. ol Ihe thartsble campany forlhat yew. In preparing theso finwKial sta¢•n. thètruaees ¢ wiirod to: Observe thè Math1$ and in th8 Chantes SORP. Make judgments estimates that reaswatle and wud Sle whèther applicabb UK Btandts bèen arty rnaknial cwrtures (li5dosed and wlained in tr fifi81 Stat•m arml Pwre the finamal slater1 on the gKrfTrJ c¢ern basts lesS rt ts irApwow to prEsuffle that the ehartywHI I)ythn in opakn. any b.me the financia posthn cl the tharity enable thwn to SE finwat 3tatThrrts ¢>)mw wittt the Company Ad 2CC6. The tsusttr5 ar• also rnspor6it4e forsaYÉgLFarth"rYJ th• assets Ollhè charity and honcs fortan9 reasonable steps for the rywlh)n aThJ det of fraLkl olherlrregLHanD"e* This reporthas been prepared inacCordWlIhthtr$pe0al rytY¥is#ThofP&t 15oftheComparie8Act2CC6 lab"rj to small cPanIe I..'...J.1 ..2o.23 Apwoved by the Bowd on .. . b8haKof Ihe Board ofbwtees MSAKD TMgt••
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEILA COATES FOUNDATION I report lo the charity truslees ¢)n my examinatvjn of the acojunts of the Chanwle Company for the year ended 28 February 2023. RKponsilxlities and basis of report As the charity'5 Iru51ees you a spOnSible for the prepara11L of the accounts in 8ts>)rdanrA with the requirements ollhe Charities Ad 2011 ('the Act,). I report in respect of my examination of the charW5 axouftts ¢arrTred out undèr section 145 of the Act and in ¢8rrying my examination I have fdlowed all the app1Kab Directions given by the Charity Commission under section 14515llb} of the Act. Independent examsn8 stst¢ment Since the charilable companls gross wKome excee¢Jed £250.0 yow examiner must be a member of a body listed in secthjn 145 of the 2011 Act. I c4Jnfinn that l am qvalifie111o undertake the examination because l am a member of the A$Sl8th0n of Chartered Certified Accc¥Jnlanls. which is one of the listed bodies. I have cornpleted my examination. I confirm that no material mattets have come to my attention in connethon with the examination giwng me cause to believe that in any material respect.- accounting recdS were not kept in respect of the MPanY as 1[ed by sectKn 386 of the 2[ Act., or 2. the a¢counts do 1 accord 1h those records: or 3. the a¢¢ounts do Mt comply with the appliCae requirements concerning the fomi and ¢tent of accounts set out in the Charibes {ArAx)unts and Reports) Regulations 2tKJ8 other than any Wu1Ment that the accounts give a 'true and fairf wew vthi¢h 1$ not a matter considered as part of an independent examination.. of the accounts have not been prepared in aefyydanc the method$ and prirriples ofthe Statement of Recommended Praci¢ce for aozounting and repon9. I have no ¢oncems and have come xro$$ no other matters in connection with the examination to which attention 5houkl be drawn in this repyt in order lo enablè a proper derstand1rj of the aczounts lo be reached. Tcqr 15lark Cummins FCCA FCIE On behalf of TC Group Office." Steyning, West Sussex Datgd..
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUAR Y 2023 UntrICted D*signatsd funds funds Total 2023 Total 2022 Income Irom: Donations and legaoes 520.000 520.000 730,0 Totsl in¢om• 520.000 520.OOD 730.000 Expendire on: Charitablè actiwb•s 87.749 405.350 493.099 605.777 Total •xp•ftdliurn 87.749 405.350 493.099 605,777 N•t incomellexpenditurel 432.251 1405.350) 26.901 124,223 Translefs betsmen funds 11 1401.3501 4112.3SO Not mov•m•nt in fun(ts 29.901 13.lJfjO 26,901 124.223 Reconc115atlon of funds Total funds brought forward 148.910 204.000 352.940 228.717 Total funds ¢arried forward 12 178.841 201,QOO 379,841 352,940 The Statement of Financi Aclivthes also cowies with the requiretS for an income and expenditure accounl under the Companie$ Act 2Cth. All activities are dass&J as conlinuing. There ale no recognised gains or h)sses other than Ihose reported on the Statement of Financial AltieS. io
SHEILA COATES FOUNDATION (LIMrrED BY GUARANTEE) BALANCE SHEET AS A T28 FE8RUAR Y2023 iyw ¢urrentas8•ts Cash 8t bank xl In hand 401.998 401.998 Crndltorn: kniounts kifiwJ du• wlthln on•y•ar 10 622) (49,LWI 379N1 Th•funds ofth• clmrtty: Unfy5trid•d turKIs De&gn4d lunts 12 11 148,910 Fry the ffirwtsal year in qtion company was Èittted to •X•llPbgn 477 of the Ctynpwie8 Ac4 2QC8 rdating lo ?11 cLNrpar¥es. No ffnber$ ha the cJJmpry 10 Cttsln aud1to1it5(n1S lor the year in QuestiC in 7hrylh Se1( 476 ofthe Cryies Nd2Qt6. Th8 dw&lors 8ckntr18dge Iheir re6ponsit41ty for ¢))mptwrv4 the with re¥ecl to ))UnIn9 ansj for the prepat of These find#7 slnerts been wepored in nIar tmih the special wowsions of Part 15 of th• CLryaniesAd 2Cth rets.J to small CLIT¥ie$ and anThJa fjnaTrial statemenls reqtlred bythe I"J.1 2013 M8AKDuffy Trusts9 li
SHEILA COATES FOUNDATION ILIMITED BY GUARANTEE) CASH FLOW STATEMENT AS AT28 FE8RUARY2023 2023 2022 Cash flows from operdtlng ac16vftles and decreasel Increase In cash 13 113.$35 39,233 Cash and cash equlval•nts at start of y•ar 401.998 362.765 CAsh and eash equfvalents at end of yur 401,998 All cash is cash at bank and in hand. 12
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY2023 Legal ststus of ¢harltabl• company Sheila Coales Foundation 15 a ¢harrtable ¢ompany, limited by guaranteè. registered in England and Wales. The chartrtabl8 companys reglstered number and registed office address can be found in the tnJslee3' report. In the event of the charity being wound up. the liabihty in resp•d of the guarantee is lirniied lo £10 per member of the charity. A¢¢oun¢lng polkles 2.1 84$i$ ol pr•p•r•tion The accounts have been prepared in accordance wKlh A(xountsng and Rewting by Charities.. Statement of Recommended Practs'ce applicable 10 thaTibes preparing their aco)unts in a)dance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 leffecbve 1 January 20151- (Charities SORP IFRS 102)). and the Companies Ad 20CIS. Sheila Coates Foundation meets Ihe definTbon of a pVnefrt enthty under FRS 102. Assets and liabilities are initsally renised at historical cost or transactn value unle55 otherwise stsled in the relevant ac¢ounb'ng policy not8. The financial stalefflents aTe prepared in slerfing, which is the frjnctional currency of the ch8ritsble company. Monetary amounts in these financrdl statements are rounded to the nearest pound. 2.2 Going ¢¢n¢em After making appropriate enquiries. the Iruslees have a 3$18ble expe¢talion that the tharity has adequate resources to continue in OFerational existen¢e for the lo¥blO fulure. 2.3 Income l incoming resources are induded in the StateThnl ol FinawalA¢tNrbe$whenlhe charity is legally entitled lo the income. it is probable the incorne will be receNed and the amount can be quanlrfied with reasonable ac(xJracy. t)onations arKI olher forms of lUntary rntrjme a lenIsed a$ income when receivable. excpt llisofar as they are incapable of finaThia moa5uremeni. Investment incomè is accounted for when recEivable. 2.4 Expenditure and basis of apporllonlng ct)gts Expendrture 15 accounted for on an acc819 basis with the iNec¢vefable dement of VAT induded wilh the item to which it relates and has tttn dassified under headings that aggregate all costs related to the category. Expenditure on tharitable 8CINihes indudes the awarding of grants to beneficaal third parties. and the govemance costs assoaated wilh Ihe conb"nuing operation of SCF. Govemance costs (Included SupF*yI costs) ccryrises all o)sts assooyated wrth conslilubal and statutory requirements with whith the chanty must o)mply. 13
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2023 Accounting Policies l¢onlinued) 2.5 Ca$h at bank and In hand Cash at bank and in hand IndleS cash and short temi hpjhty Ikiuid investments. The Iiuslees seek to use short term (posi15 to maximise the relum fffi monies * Ihe bank aThJ to manage cash fl(w. 2.6 Cfedltors and provlslons Creditors 8nd provisions are recojnised where the charity has present oblMJation resulting from a past event that will probabty Su in a transfer of funds to a third paty and th8 amount due lo serfe the obligab'on can be ffleasured or estimated relhibty. Fund Accounting Funds held by Ihe ¢twity are either. Unrestricted general lund5- these are fund5 whith are available for use at the discrelion of the trustees in furlherance ofthe general objectives ofthe chaiity and whK have not been desKJnaled lor other puiposes. Designated fvnds- these unrestsicted funds sel aside by twstees f(Y a 5fiC pu¢. 2.8 JudMents and key sources ofestlmation uncertainty In the appli¢alion of the ¢harty$ a¢¢ounting poliues. the trustees ar8 requiied to make wdgemenls. e5tirnates and as5umpIK)ns about rhe Carng amount of assets and liabilities that are nol readily apparent from other sources. The estimates and associated assumpb"on$ are based on historscal experience and other factors thal are considered to te relevant. Actual results may differ from these estimatès. The estimates and derfng assumptions are rewth¥ed on an onping basis. Rewsions to accounting eslunales are rev)9nised in the pgrK)d in whtth Ihe estimate is reNised. The trustees ¢Jo not consKJer that the are any critul estimates or areas of judgemenl that need to be broughl to the attention of the reader5 ofthe finana& ststements. 14
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 In¢Mio from donatlons Unrestrict lJ*slgnat•d fvnds Total 21J23 2022 Donations $20.OLTh) 520.000 730,WJ 520.OWJ 520.000 730.C4J) Totsl •xpwdltur¢ Other Grant fundin9 Totsl 2023 Total 2022 Expenditure on ¢harItab adi¥rl Activities uThJertaken direcdy Support costs 74.062 13,687 405,350 479.412 13,687 591,184 14,593 Total charitable acbwljes 87.749 405.350 493,099 605,777 Analysis of support costs lincluding Govem•nce ¢08ts1 Totsl 2023 2022 Govemance costs.. Legal and professional Independent examinerfs fèes 10,567 3,120 11,893 2,7 13.687 14,593 15
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 28 FEBRUARY 2023 S Grants payable During the year grants totalng £438.(Wwere paid to 118 ethjcational inststubons12022.. £514.0 paid lo 134 institutions). 6 Cornparntive Funds- Slaternent of Financial Aclivilies for the year ended 28 Fèbruary 2022 Unrestrictrd funts Deylgmted funds Totsl 2022 In¢4)m• from: t)onalions and legacies 730.000 730,000 Totsl in¢ome 730.0110 730.000 Expendiknre on: Charitsble *iwlies 91.Tl7 514.000 605,777 Total expendltu 91.T17 514.000 605,777 Met Incom• 638.223 1514.0001 124.223 Transfers belween fijnds 1611.0001 611.000 P4et movement in fund 27.223 97,000 124,223 RKonclllatlon of funds Tolal lunds broh1 fward 121.717 107,000 228.717 Total fund$ ¢arried f¢)trwaYd 12 148.940 204.000 3S2.940 16
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 Tru¥tres No Iru$l8es r8C8iV8d any remuneration direclty from the ¢harrty in 2022 or 2023. SCF'5 benef•Xor donated £S00,CQO {2022.' £730.otKI) to the Charity during the year. Expenses totz41ing £nil were reimbursed lo Irustee$ during the year12022'. £nill. Payments lolalling £2012022.. ril) were rnade to Vpkne thring the year. a company CfTrcswned by the spouse ofA Duffy. Employees During the year there were no indi¥idual$ diredly employed by the charity. other than the t1iie¢tors. No directors received any rernuneration dire¢tty the dwty in 222 or 2023. Taxation As a charity. Shw'la Coates Foundation is exenw from tax on irKX)me and gains to the extent that these are applied lo rts charitabk obpcts 10 Credltors: amounts lalling due within one year 2023 )22 Trade creditors Accruals and deferred incon 8.622 47.558 8.622 49.058 11 De$lgnatsd lunds Movement in fundy Balance at In¢(Nning Resoureos Trnnsfers BaLance at 1 March resources expendèd b•ts¥e•n 28 February 2022 fund$ 2023 Rapid response fund 204.OC(I (405,3501 402.350 201,C 204.IX(I (405.3501 4(r2.350 201,CQ) Starting 2021 tru51ees designated funds for la response funding to provide support in response lo the real issues facing aLrtislK young peOe in Sendary sthools. These fvnded grant-making rounds offering one-off awards of £1,000 or £5,OC(I to mainstream secondary schools, colleges or altemative prowsion. SCF rapid $nSe funds are for short-tenn solulions whith can be pul in 8¢e immèdiately. and have treen in support of." mental health and well-being., inueasing aL'SM knowledge and experts.se in s¢hcds and Clleges.. enhanced access to specialists fty assessment. advice. interventions,. co-produclion or collat¥Jrat*)n autislic young people. 17
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023 11 De$lgn•ted fvnds l¢ontlnu#d) In the year ended 28 February 2023. these fvnding opportunities were offered in the 33 local authorrties in the Wesl Midlands, North Yorkshire. the North East of England and West Yorkshire and the 11 local authonb'es of the East of Enland. Trustees transferred £433.0 into thi$ fund during the year. 12 Analysi$ of net assets beiween fvnd$ Unrnstri¢trd Designatsd funds fund5 T¢>tal balanees at 28 Febw*y 2023 are represented by: Current assets CreditoTS'. amounts falling due within one year 187.463 18.622) 201.{m) 388063 18.6221 178,841 201,( 379.841 Unreslricted funds l)esign•ted funds Total Fund balances at 28 February 2022 a represented by: Current assets Creditors.. ernunts falling due thIn one year 197.938 (49.058) 204.0 401.998 (49.0581 148,940 204,OC#) 352.940 13 N•t ¢48h Infiowllouffl¢)wl Irom operallng actlT41tles 2023 2022 Nel income 26.901 124,223 Loss on the sale offixed assets Decrease in crediiors 140.436) 184.990) 113.535} 39,233 14 Ultimat• controlling party The charfty was under the tx)ntrol of the Trustees during thg p1 uTrJer rwew.