Company Registration No. IISTT892 (England and Wal•s} Charlty R•uislxation No. 1188092 SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 'AEAUYS9F' 111CW2025 IMPANIES HOUSE
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SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Mr D J Coates MrBPD*) M3SLHarris MsAKDufy Mr J M Ericson Ms M V Hartshome (Appointed 25 January 2025) dge V Mayer Company number 11677892 Charity numbof 11880>2 Prin¢17 Addross and Registered Office The Couityard Shoreham Road Upper Beeding STEYNING 8N44 3TN Ind•p•nd•nt Examiner TC Group The Courtyard Shoreham Road Upper Beeding STEYNING 8N44 3TN Bank Natwest Bank Unrt 40 Churchll Square Brighton 8N12ES Solicitors H3 Soliotcys Suite 1 The Old Pig Styes Brighthams Farn Bines Road Partrid9e Green West Sussex RH138EQ
SHEILA COATES FOUNDATION {LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Trustees. resp)nsibililies in l•l]¢h to thè aCCnIS Independent eyaminefs Port Statement of finanoal actNilies Balance sheel 10 Cash flow ststefflent 11 Notes to the accounts 12-18
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The Tnjstees who are afso directors of the charity for the purposes ol the C(xDp¥nitrs Act 2QX. pre$enl thew report with the financial statements of the charity fw the year ènded 28 February 2025. The finanu81 statements nY with the Charitss Ac 2011. the Ccthpanies Act 20C6. the M•rrKJrandum and ArtKles of AssocAalion, and Accounting and Repothng by Chath'es.. Statement of Recommèndèd Pract¢ce app1The to charities preparing theiraccounts in ardanCewrth Ihe Fina Reporting Standard applicable in the UK and Republicoflroland IFRS 1021 {effeciive 1 January 2019). OBJECTIVES AND ACTIVITIES The charitable objects of Sheila Coates Fr•b"1)n {SCF) are for the pubk'c benefrt lo advance the educ"on (Induding soaal and physical training) and mental heallh of pèrsons. espeoally persons under the age of 30 vtho h•v¢ autism an related ¢th)ditions Ibenefiaaries}. by making grants and in such otherways as the Irustees see fft. SCF was gistered a$ a ¢hanty in 2020 and established in the mernory of the lalg SheiL4 C¢e$. Sheila was an inspirational creator of a seNce in Oxfordshire for children with autisrn and related conditions. She led a team of more than staff workirg with 2QJ thiklren in many host schools. The philosophy which Sheila engended by her èxample lives on.. respect aTrJ caring for each chdd and Èath family combined a realism aboul their dfficulties,. a willingness to explo new ideas: devetoping the lo address Ihe daity reality of the childien's problems. and giving Staff freedom to develgp their Q4vn inaliVe$. Through SCF, our benefa¢tor wanl$ to help autislic yOLmg people lo be gwen every oppfytunity to achiev8 thair potential and thrive in soriety. The primary method of achieviThJ the tharitable objKts is to fund qualifyirvj initiatives in England Ihrough promothng and opeiating grant-making programmes. SCF does nol want to replicale suppori or inteplenlions that are. ty shtyjld . ordinarity available OT Statutority provided. Inslè8d. SCF grants help those working with auiistic yourvJ peoF4e to sel up and run inttsatNes that will make a significanl differen over and above what 1$ already on offLV. SCF allocates grants to main51reaTn sctrls and cdleges. It onty funds initiatwe5 where there 1$ 8 clear rationale, which show they are innovaty.ve and creatNe, which fu1 a need. aThJ where impact can be cbearfy rneasured. SCF'S grant-making is respSle to charwJes 7rtMn Ihe thcation and w*Jer context. wre there is a specifi¢ or urgent need. the Irusleps fflay arter the fOS or approach lo grant-making. As a result of the charitls grant gNin9 ath.¥e$ it isclearlhat SCF hasagreat deal of inforrnalion ab¢wtwhat $takeholders believe makes a difference lo the Ie$ of autis young peoe. When schools make application$. thèy idÈntify a need. They then implement their inityalive to a(hJres5 this neei1. Feedbackto SCF is that these bjnded aciivities have an impact SCF trustees believe that the charity should now te U5in9 Ihis infomiation, not 0Y in its own sdf-evaluation and devèlopment, but by publishing it more whjely to infiuen¢e pra¢ti¢e and poltcy. Public ljenefit The trustees confirn that Ihey have taken into account Ihe Charity Commissh'S publi¢ benefft guK1an¢e when making deusions to which the guidance is relevant. This indLKles'. re¥Ing SCF'S airrts and obiectNes planning the direction of SCF planning fijture aclivities identifying and managing risk setting thè grant-making policy. Our main acbvrties and who we lry lo help are described above. 1 our tharitable actNib"es focu$ on funding initiatives in England that enhance the education and mental hèalth of young people wrth autism and are undertaken lo further our charitable purpo$e$ for the publ benefft.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Our grants poh'cy sets out hcrw the tNstees decide upon SCFS gr•rt-makn"rwJ arAivitie$. how these are undertaken, and Iru51ee5' roles in proCeS and financial management. The Board of Truslees determines the fo¢us. stie. bming and longevity of each grant-making programme in accordance with SCF'S chaiitable objectives. In dc4ng $0 it tskes into a¢c)wnt ils ffinancial resources, current need and Ihe need lo optimise impact of the grant. id im ad fund The main route for SCF grt-Maknng is t1Ugh wular'rapKI impact funds.. where small awards are gNen directly lo mainstrearn secondary schools and ojleges. Previou$ly kn¢Mn as rapid response rounds and developed originally lo allow schools and coles to respond quickty to the impact of Ihe COVID-19 pandem. small-scale rapid impact funding rounds have proved to be hugely benefiryal. For schtsjls and ccAleges they are a practical and manageable way ol resourcro mvch-needed arbvibes whi¢h deliver wnpact for aubstic students afterjvst six months. The focus ol each rapid impact round 1$ based on desktop research. Through this approach. SCF has been able to highlight the areas where addrtJnal fundiThJ can hdp and make the mosl impacl. This has d0d since the rap*J impa¢t rounds were introduced in 2021. To ensure SCF fvnds targeted areas of rnosl need, SCIlS and colleges are acbvely encouraged to consult with and work with autist young people. This also refleds SCF values. Since 5tsrting in 2021 trustees have de&gnated £1,863,OCQ for rapid resFonse or rakxd impa¢t funding. Thi$ amount has funded eight 9rant-making rounds offering on&off awards of £1.000 or £5.000 to 455 mainstream secondary schools. colleges or other mainstream-based provision. potenty.alty supportiNJ over 18,Cil) aLrtIS students. Rapid impact round ght, totaling £STr).OCfj, was IaUrhed in Awil 2024. Unlike Ihe previous seven rwnds, whith had specffjc geographic or regional wthin England. Ihis round was open to eligiNe apIcantS across EThJland. As prevsously. thi5 fund aim8(1 to address auiislic young peoples. mental heaNh and well-being. We gave a total of £500,000 10 100 Sch1$ and ClegeS which supported 4.878 autistic young peorAe. We have also planned our programme ol granl-giving for 2025, which indudes another England-wide round of £5lY).r. This 11 launch in April 2025 and focus on ueaiNe and innovative aCtItieS that enable autistic sludertts to excd and xhie¥e, fiourish and succeed in school or college. As anticipaled, the England-wide rnpid imp8¢t eight generated a signifThnt increase in apPIatiOnS cornpared lo previous geographically-fo¢use<l iounds. Tha [¥"1e SpOnSe. and wide range of proposals, reflects a continuing need frorn mainstream schools and ¢oleges for lunding to SLVtth autist students. Rapid impacl round •ight luThded actiwty across ihree main thematic areas.. Places and spaces where autistic young people ¢•n calm themselves, rggulatè and r•turn to l•ssons induding ojtdoof spa$ and classrooms, a canopy. sensory refurtJi$hment of office space, mood murals to display in walknyays. Improving knovAedge and understanding •1)out ¥uti$m through initiatives S(h as a staff training vid pr0dLd by autislic students. aulislÈc ex-sludents rttuming and talkn"n9 Wth staff. a peer mentorprogramme and autism ambassadors. Inteplentions and addil•onal support with m¢ntsl htslth Aiduding a gaenIng clth. a six w88k bouldering course and on-site bLlShc¥aft training. AV1 rot$ and sensory equip¥nent. a Siudent-led afterschool d, weekty se55icTh at a k¢al frdm) and swl therapy.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The launch of rapNI ifflpact round eJhl was undery)inned by devdoprnent of the charity's cap• 10 8ulomale key aspects of our grants management sysiem. We commissioned a SliSt sOfare developer lo construd a bespoke sy$lem, based on our granl-makirffJ needs. As a re*At ofthefurKb"ortality affLYded bythe autcvnaliorts in the new system, we Saved signifi¢anl lime in.. sanding emails to subscribers and contsct to alert them to rapid impact rwnd eight,. genatIng emails to ine11bIe appli¢anls ahead of the round deadline,. generating Fersonalised rspOndenCe to all applicants and grantees. The systern also records the $189? Ih?l eath application has reached and allows granlees to upload their swned 9t docjjmentation centrally, which aids progress monittsriny- AII SCF grantees are required to reporton the impact of SCF fvndin9, which enables trusteesto understand how inithitsves are progressirtg and how SCF'S ¢harrtable funds are being spent. They are asked lo report in Iwo ways- All grantees are asked to submil an impacl slatemenl aftersix months 1nrfating h)w many autistK young people have been supported, and how much difference the furKling ha$ made. This provides a general measure of Ihe impact of SCF fvnded activity. A iepresentalNe seledK)n of 9iantees (around 20 successful appIraln5) are asked to Gompl¢t¢ SCF impact measures. SCF irnpa measures arethreè Mp-tO-U$e rating SCaS whith measure sludenl engagèmènt and well-being to refiect SCF aims. Schools arKI lege$ submit data belore funded activity starts. The rneasures are repeated after six months and walysed fw comparison to shcw a more focus&J impact ol SCF funded adivty. This year, analysis ofdata from impact sLitements relating to rawd responst round sèven shows that SCF funding makes a significant impad lo sthools. students and to staff. A thematic analyss of ifflpa¢t statemènts indicates that autisiic students are calmer and more regulaied. wjlh improvements in attendar. behaviour. learning, wellbeing and confidence. Analysi$ ol SCF impad measuie data from rapvj response round seven also showed that over hair of students158.88%1 taking part in SCF funded ath¥ity felt more engaged with learning. and students were bess anxw)us arouThJ schoot. [er haW156.31%1 of ralinys a range of situatiorts showed reLluced anxiety after SCF-funded adivity. A summary oflhe impads and illusb8tive case studiès can te found on the'lmpacf p&3e oflhe SCF website. As of February 2025, we are in the process of ¢01leth"ng impact stalemerrts and impact measure data from schools and Colleges involved in rapid iryaci fur)d eBJhl. Once re¢eNed. this data will be anafysed and reported on. To deliver rapid impact round wght. a exmmThcab"ons strategy was developed. signalling a shfft in the way we eng8ge with our stakeholders and StOr partnefs. We have subsèquently devebped a commurmcations an for our 2025 grant- making aclivity. considering our tget auth'ences and messages. and ways to maximise the impact of our communi¢ation$. SCF website SCF'S website Provides informabon for any inlere51ed rpader as wdl as potential grant applicants. This ha5 been the main vehicleforcommunicating information about SCF including thetype$ ollunding wewill consider. how the applicab'on process works. the ¢xiteria used lo assess aWliCat and what successfvl appli¢2nts ¢afi expe¢l. Follo¥Mng a complete reviewand refresh ofthe SCF websrte last year, we created a designated blog page on the website, whtch was launched in March 2024. We have used Ihis page lo sh¢)wGase fvnding ideas and 'top tips. to applicants to pid impact round eight, and lo host refleclK)ns and insvJhls frorn oulgoing and incoming membds of SCF team. A calendar of regular blog content has been devek)pe(I to support our 2025 granl-making activity.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Soelal media Our web511e-ba5ed approa¢h has wothed for smaller. foSed wional funding rounds but offèrs challenges with an Englan&wide round. In the perM)d 4))vered by this report. we actwated our presence on social media ¢hannèls most frequenuy used by schoc4 and college 5t¥ff and tr)f $eLtor partners aThJ membership organisations who could help us lo putl$e our lunding rtyjnd. We launched our SCF sw81 media ntS in March 2024 continuing with weekly posts thro1jgh0 the lrfespan ofthe fvndin9 round. We are currentty planning scKiJ ath"ty to support our 2025 grant- making programme. Achlev¢m•nts and p8rlomiaTrce Sheila Coates Foundation ol its work to Sup1 autist young peop. xhool$ and colleggs nationalty. 11 is well led ar managed. SCF has clear values that drive its work and ambition_ The ¢harity has a dearfocu5, providing support to aulislic young people in mainstream schools and colleges xross England. SCF opèrates th a reflective mindset. continuously leaming 8nd evdving in resronse to its experiences. After each fvJrKJing round, Ihe charity takès time to assess both the process and the evidence of it$ impad. This reflec11 has W to adjustfflS in 115 funding approach. As an organisation. SCF vall$ iigcJr in its efforts. gathering impact data and ensuring floW-Up to understand the outcomes of 115 supyjrt. At the same time, il remains attuned to the nalitinal landscape, directing resources lo areas Whe there is dear evidtrn¢e 01 need. SCF'S approach is characteri5ed ty flexibility, adaptin9 to ensure that ils work remains ac¢es$le_ The appli¢ab"on process is kept sIMe, enabling 5d)od and college staff to engage with ease. SCF isguided by strong leadership 8nd sound management. A Chi8fExeortNe Officer has rnY been ¥ppoinled and leads a small but skilled leam wth expertise in education. autism, grant giving, tharity finance. and 9overnanrA. The eharity's govemance is robust. with a dedicated group of Irustees ensuring that operations are legally sound and ethically 9rounded. providing careful finarriJ oversight Trustees and staff woth together in a spirit of opennes5. collaboralion, and prolessionalism. When experitse beYj the trganisath)n is needed. SCF is proacts've in seeking partnerships and collab(xalions with others. Finon¢lal rwiew Inttjme During the reptsrt4ng periJ V received donats'ons from SCF'5 main benefactor totalliThJ £600.0. Frorn these. £5¢XI,000 was desynaied forthe tyghth rnFMd impact fd. Re The trustee$ are working towards buildry reserye5 91 use ofac( funds aThJ investments. The truslees intend the ¢harty to maintain free unrestricted reserye5.' to provide a level ofworkiThJ capilal thal proleth the Contity ofour to de a level offunding for unexperted opportunrties lo prowde cover for risks such as unforeseen expenditvre LY Lmantiapated k)ss of incom8. The tnjstees will Teview the atJve crTleria with reference to the charitls strategy aTrJ Annual Plan and deteIntr the tsrget level ol Iree reserves to meet these. At the end ol the reptIng perth. the ¢harity'$ reseNes were £92,462. The ftt reserves were £92,462. The trustees will at lime$ dgnate fijnds from free reseryes for Signfficant projec costs, agreed grants or rep*ement of major assets. This has been the $¢ with funds for al ofthe chanty's granl-making pro9ramffl.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 vestmen Currentty. the charity holds no inveslments. However. in SWrab for Thiesting. Ihe trustees have an investme policy lo $upFort the grant-maknng acfwities of the ¢haiity. This provide5 for any irKome any investments to be reinvested lo assist with meeb.ng the grant-making programmes. Trustees expect any investmentslog8neratea aSonable level ofirKoff. as in¢ome fomisan important Component of the overall lotal Teturn. The tharty hold$ in cash suffici1 funds to meet immediale cash-flow requirements. The trustees have decided lo make Ltse of deposit 8th)unts lo hold fvrtds available for day-to-day actilIeS. and this wll be impMented in the new financial year. Risk mana ement Trustees have ¢ondered the major risks to whh the charity ha5 been exposed, rèviewed those risks and where necessary taken the appropri¥l¢ a¢th"on to address Ihem. We hold a risk re9isler that is updated at least annually. Our procedures for risk management are prthicalty rev*wed to ensu that they continue to meet th& needs ofthe ¢haity. Intemal control risks are mininNsed by the IMeMental10n of pro¢edures for authorisation of all transactions and projecls. Trustee$ conbrnje lo en$Ltre that funding is in place before embarkiry on any 9rant-making commitment. Plans for the future A thiee-year strategic plan has been adopted athy trAxlgel 89reed. The Iwstees have confirmed that the wirnaryfunction of SCF is as a grant-making organisat)n that wll gNe the majorty of its monTr8S to schools and colleges. 11 is the intention that the grant-making process will remain nimble and slraTrghtforw¥<l and be responsive to the needs of stakeholdefs. including Staff bn schoots and young people themsefves. Trustees have also confined theiramknliort the kncmledge Ihat SCF has g•ned from stakehdders should used to direct its own work and be disserninaled more widely to influence wder edUCatnal praciice and pdicy. To this end, twstèes havè a9reed that some fuThJs should be allocatÈd through a targeted rtyjnd of funding, antiapatecl in Autumn 2025. The aim of this targeted funding is to eXFlO whether there are some aCtiVeS that make more difference to the lives of aulisti¢ young peopl• in schools and colleges. It is anb"cipated that sd)ools and cdleges wll be invited to bid for srnall gr8nlS lo enhan(% their provision in a parbojlar area and SCF will collèct impact information to deepen the charity's krK)wle(Ige about what w(xk$. This inlormation wll be disseminated wdely. If appropriate. it may be used to direct future fur)ding rounds of SCF. One ofSCF's strategicvalues is towort coMabor8tNety. Twustees recowised that SCF'sworkcan be strenglhene<l byworking with colleagueswho also work in the ffields ofavlism and educAion. It has made linkswith the Autism Centre for Rese8r¢h and Educatson (ACER) at Bimiingham University to explote partneiship wOn9. Structure, govemance and management Sheila Coates Foundation (SCFI is a charitalle ¢ompony limited by guarantee registered in England and Wales (Company number 116778921 and registed as a charity in EnglarKI & Wales111880921. It has an exemplion frorn using 'Limited' in it5 name. Its pvemrng document is its memorandum and articjes of assrtiation". in¢orporated on 14 November 2018. as amended by Specol R&W1utn on 4 FabnAry 2020. as amended by Spec¥al Resolution on 2 June 2021. SCF has no premise5. Nl work is undertaken remolety. The Registered office t5.. The Courtyard. Shor¢h¥m Road. Upper Be8ding. STEYNING. BN44 3TN vthich is aLso the corresponthnce address.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The directOTS of the cpanY are at50 ¢harity trustees as defined by seclion 177 of the Charities Act 2011. Under the quirements of the Mernorandum and Artides of Asscoats"on one third of the directors must retire from office by rotation at each annual genefal meeling. They may put themselves fcvw¥ for re-ele¢tion if eligble. The mininYJm number of dirèdors is three and there is no maximum number. All trustees give their bme vduntsfity and none re¢eived ben•ffts from the dwiy. Any expenses reClmed from the charity are set out in note 7 of the accounls. In aoIanCe with the tharitabl• obieds. the charitys work foojses on young people with autism. Board of Trustees seeks to ensure that the needs of this grp are approwatety reflected through the diversity of the Irustee body. Over 50% of the ujrrent trustees are expenenwl in woth with or in support of vulnerable young people. Additsonally management, bjsinvss and finance 8kill$ are well fftpre$ented on the Board. One of our truslees has lived experience of autism. In an effort lo m8intsin this broad skin mix. an annual audit of the skli Is of the members of thè Board is undertaken. This helps Klentify any 8kill$ gaps and fo¢uses efforts to recrnii new trUSts. In Ihe event of parti'cular skills being b5t due to retirements. or the need for addital trustees, indNiduals are approached to offer themselves for eleclion to the Board. In January 2025, a new trustee was appointed to the Board. Havin9 9one through this process, trustees agreed Ihat there is ojrrenlty no wuirement for an additicnJ Board member al Ihis lime. Board meetings 8re held fourtimes a year. one of whwth is intended to be held face lo face in person. and Ihree held online. During the reporting Fernd, rreetin9s were held in pers( and lne. in xc4xdance with Artle 41 of the ArtKles ofAssociation. The d1CtorS who held office dwng the period up lo trt date of si9nattwe of the finanaal statements were as follows= Mr D J Coales MrBPDelo MsAKDuffy Mr J M Ericson Ms S L Har(is Ms M V Hartshome {Appointed 25 January 20251 Judge Vera Mayef The direclors of the ¢¢xnp8ny arè also charity twstees as defined ty seclion 177 olthe Charilie5 Acl 2011. Trustee Induction and Training Where required. the Chair of Tnjstees and Busress Mwager are r)n haThfj to $upptyt new trustees as they sethe into their roles. New tru5tee3 are prowded wrth doojments and brffing$ lo fami1kae them with the charity and the ntext within which it operates. This cover5 the follwng m•n d(xaJments. Charity commiss Charity truslee wdcome pa Thg Charity Govemance Code In house presentstion - Truslets fol•s and responsitsltties The charity's slralegy dcKurnenl The Memorandum and Aride5 Of associatyn Recent Board meeting minutes Most went $tatutcYy ontS During this year we held SUfLe53ful strategy and rAanning discuss*)ns lo infomi and shape action plans for the arity's future.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Trustees. PonSIbl11e5 in r•lation to the •¢¢ounts The truslees, who are also the diredors of Sheila Coates Foundation for the purposes ol ¢ompany law. are sponSible for preparing the Trustees. Report and Ihe ffinanry81 slaterren15 in a¢¢ordance wrth appliCae law and Uniled Kin9dom Accounling Standards (United Kingdom Generalty Ac¢epled AA)untIng Practice). Company law requires the trustees to prepwe ffinancial statements for each finanual yearwhich give 8 true and 18ir view ol Ihè state of affairs of the charity and of the incomiTrJ resources and application of $¢UrCeS. induding thp in¢ome and expenditure, ol the charrtable company lor that year. In preparin9 these financial statements, the Irustees are wuired lo.. Selecl suitabl• accounling pYJlicies and then appty Ihem Consistenty: ObseNe the methods and principles in the Charites SORP.. Make Judgments and estimates that are aSOnable and prudent.. State whether applicable UK accounting stsndards have been follcwed, subject to 8ny material departures disclosed and explained in the financial statements", and ppare the financial StateMt$ LN) ihe gng ¢ortem bass unless it is inappropriale to presume thal the charity will Gonts"nuè in operation. The irusle¢s are responsible for maintsining proper accounting records which disdose wilh reasonable a¢cuTaCy al any time the finanaal position of the charity and enable them to ensure Ihat the financial ststements compty with the Company Act 2006. The trustees are also responsible lor safeguarding the assels of the charity and hence for taking re850nablè step$ lor the prevention and detection of frau¢J and olher irregUlare$. This report has been prepared in accordance with the speu'al provisbons of Part 15 of the Companies Act 2OJ6 laknng to small companies. Approved by ihe Board on 28 June 2025 On behalf of the 8oard of tnjstees MsAKDuffy Trustee
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEILA COATES FOUNDATION I report lo the tharity trusl8es my examinalion ofthe acc4Junts ofthe chlIab Company for Ihe year ended 28 February 2025. Re$p¢n$ibilities and basis of report As the eharity's trustees you are responsible for the preparation of thg a¢nts in aCCordce with the reqrernents of the Chariiies Act 20111'the Acr). I report in respe¢r ol my examinat of the charity's actounts Caled out uryjer seclon 145 of the Ad and in carrying out my examination I have fojltswed all the applicable Dir&Xions gven by the Charity Commission under section 145(5llbl of the Act. Independent examingrfs statemènt Since the charitatrAe wnpany's gross MKome èxceeded £250.(1 your examiner must be a member of 8 body listed in section 145 of the 2011 Act. I confirm that l am qualifd to undertake the examination because l am member ol the Associatson of Chartered Certrfd Arwuntsnts. whith is one of tha listed bodies. I have completed my examination. I confimi that no material matters have come to my attentKm in connect)n with the examination giving me ¢ause to bdieve that in any material respect.. accounting records were not kept in SpeCt of the crynpany as requwed sedth 386 of the 20LK Act,. or 2. the a¢¢ount$ do not acrd with those records.. or 3. the accounts do rtot comply wrth the applicable requirements cx)nceming Ihe fomi and ty)ntent of aontS set out in the chariS (Aunts and Reports) Regulations 2(K)8 other than any requirement that the accounts give a Iruè and fairf ¥ie*4 which is not a matter considered as part of an independent examinalion.. or 4. the accounts have not been prepared in accordarKe the melhods and prirriples of the Statement of Reeommended Praclice for accounting and rerting. I have no concerns and have corne atross no other matters in connection with the examination lo which attention should be drawn in this rep¢)rt in cyder lo enabk a proper undetslandin9 of the accounts to be reached. .. qrc Mark Cummln$ FCCA FCIE On behalf ofTC Group Office.. SleynirrfJ, West Sussex 18
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) STATEMEMf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY2025 Unrestrictsd Deslgnated lunds funds Total 2025 T¢)tsl 2024 Income from: DonatK)ns and legacies 600.000 600.000 250.250 Total Income 600.000 600,000 250,250 Expendlture ¢n: Charitable actiwties 135.611 500.000 635,61 f $02,018 Total •xp•ndStur• 135.611 500.000 635,611 502.018 Net incomellexpenditsrn) 464,389 {500.0001 135,611) 1251.7681 Transfers between funds 11 Isoo,0001 500.000 Net movement in funds 135,6111 135,611) (251.7681 Reconcillatlon of fund¥ Total funds brought fmr(I 128.073 128,073 379,841 Total funds carried forward 12 92.462 92.462 128,073 The Staternent ol Financial Activities also wnF4ies with the requirements for an income and expenditure aUrt1 Lrnder the Companies Act 2(. All aclNities are da&5e(l as nts"nu1n9. Thofe are no recognised gans or losses other th8n those rerh)rte(1 thè Statement of Fironcial Activitie5.
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) BALANCE SHEET AS A T 28 FEBRUARY 2025 2025 2024 Current ass•ts Cash at bank and in hand 99.987 134.451 99,987 134,451 Crndlt¢rs: amounts falllng due within onÈ yèar 10 17.5251 16.3781 Net eurTentas$ets 92.462 128,073 Nèt assets 92.462 128.073 Th• lund¥ of the charlty: Unfeslri(*ed funds Desgnated funds 12 11 92.462 128,073 92.462 128.073 For iho financial year in question the company was entitled to exemption under seCtn 477 of Ihe Compar4es Act 2006 rÈlaling to small companies. No members have required the company to obtain an audrt of its antS for the year in quèstion in accordance Wbth sèdion 476 ofthe Companies Act 2L. The directors acknowledge their responsibdity fly ¢tsmptyirwJ with the Acg Ibryth yesCt to accountsng recL)rds and for the preparation of accounls. These financial stalements have beerb prepared in actordarKe wilh thè speo'al p)rwsions of Part 15 01 the Companies Act 2LK16 relating to small companies and conslilule the annual financaal statements reqUId by the Companies Ad 26 and a for orojlation lo members of the company. The a¢¢wnl$ w¢fe appr¢)ved by the Board on 28 j[ 2025 M$AKDuTfy Trustee Company R•glstra(lon No. 11677892 io
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) CASH FLOW STATEMENT AS Af28 FEBRUARY2025 Notes 2025 2024 Cash flows fr4)m operating activitles and do¢rea$elinerease in cash 13 134.4641 1254,012) C•$h and ¢a$h •qufvalents at start of year 134.451 388,463 Cash and cash equiv41•nts at ond of yw 99,987 134,451 All cash is cash at bank hand. li
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY2025 Legal $tstu$ of charltsble ¢<npany Sheila Coates FoundalK)n is a charilable Mmpany. limite<l by guarantee, registered in EngLand and Wales. The charitable ¢¢rnpany's registered number and registere(l office addsS can b& found in the trustees. report. In the event of the chaiity being wound up. the liat¥lty in respect of the gu¥antee is limited to £10 per mmf)ef of the charty. A¢couDting poliei•s 8a¥i¥ of prgpardtson The accounts have been prÈpartd in accordance AcctyJnting and RemirKd by Charities.. Ststement of Rernrrnded Practy'ce applicatle to d)arities preparing their accounts in accordance with the Financial Reporting SfarKlard applicab in the UK and Republic of Ireland (FRS 1021 1ptsts.vo 1 January 20191- {Charities SORP {FRS 102)}. and the Cryanie$ Act 2(K6. Sheila Coates Foundab"on meets the definthon ofa public benefit entity under FRS 102. Assets and liabilibes are inrtiaSly rnco9nised at historic cosi or transaction value unkss otherwise staled in the relevant accounting policy note. The finan¢ial statements are ppared in slerting. whith is functional rAArrew of the charitable company. Monetary amounts in the$e financial statements are rouThJed to the nearest pound. 2.2 Golng ¢oneem After making appropriate enquiries, the trustees have a reasonable expectation thal the charity has adequate resources to cvntinue in operab.onal existence for the foreseeable future. 13 Incom• All incoming resources a induded in the Statementof Financial Activities when the charity is legally entiued io thè irKome, it is proba¢ the income wil be recved and the amount can be quanbfied with reasonable Donation$ and other for of ¥oluntsry inwme are re¢¢gnised a$ i10me when rl¥able, except insofar as they are incapabltr of fin¢la1 measuremènt. Investrnent income is axounted for when recwvabte. 2.4 Expenditure and ba¥is of apportioning eosts Expenthture is accAJunted fry on an accruals bags with the irrecoverable demenl of VAT CkIded wilh Ihe item to which it relates and has been dassified urth headings that aggregate all costs related to Ihe Category. Expenditure on charitable actiwtie5 ruS the awarding of grants to benefKi81 third parties, and the govemance costs a5scoated with the conb"nuing operation of SCF. Govemance cosls linduded within Support costs) comwises all costs asse¢iated wlh conslitulional and statutory requirement$ with which the charity must m[Y. 12
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 A¢¢oun15ng Policlgs l¢¢ntlrAdl 2.5 Cash at bank and In hand Cash al bank and in hand indude$ cash and short tem highty liqukl Thiestments. The trustees seek to use short teryn (Wsrts to nwimise the reln on monies held at the and to manage cash flow. 2.6 Cr¢thtoY¥ and provisions Creditofs and provisions are recognised where the tharity has present obligab.on resutting from a past event that wll probobly resuh a transfer of funds lo a third party and the amount due to settle th? obligation can be mea$ureil or estimated reliably. 2.7 Fund A¢¢ounllng Funds held by thè charity are tyther. unreStrell general lunds- these are ftjnds which are available for use at the dis¢retion of the trustees in furtherance ofthe general objectives ofthe thanty and which have not been dèsignated for ¢)ther pufposès. D&svJnated funds- these a unrestri¢led funds Set aside by trustee5 for a speo.fic purpose. 2.8 Judgements and kay sources ofestimation uncertainty In the application of the charity's accounting poltcies. the Injstees are required lo Make judgemènts, estimates and assumpb.ons abth the carying amount ofassets and liabilrtieslhat are nol readily apparent from other souices. The estimates and asscKialed assumptions are based on historral experiencE and other factors thal are Gmsidered to be relevant. Actual resutts may differ from these estimates. The estime$ and undeflyin9 assumptions ¥e rwiewed on an ongoing basis. ReviSnS to accounting estimales are r•cogni5ed in the period w) whith the eslimate is revtsed. The tru$tées do not ¢onsKlef Ihat thefe a any ltical esb"mates or aS of judgement that need to be brought to Ihe attèntion of the readers of ffinanryal slatemènts. 13
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Income from donaoon unrestric De$ignat•d funds funds Total 2025 Totsl 2024 Donations 600,000 250,250 600.000 600.000 250,250 Total exponditsJr• staff costs Grant funding Totsl 2025 Total 2024 Costs Expenditure on charftsble activities Activities undertaken dire¢lty Support Costs 94.800 34.351 500.IXM> 629,151 6.460 497,174 4,844 Total charilable acbvths 94.800 40.811 51)0.000 635.611 502,018 Analysis 013upport costs {including Gt*vÈrnanee costs) Total 2025 Total 2024 Goveman¢È costs.. Legal and professimal Independent èxamiMrfs fee$ 3.280 3.180 2,880 6,460 14
SHEILA COATES FOUNDATION (LIMITED BY GUARAKfEE) NOTES TO THE ACCOUNTS (coKfiNUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 S Grnnts payable During the year grants tcrtalling £5.{XI paid to educalional institutions12024.. £411.000 patd to 103 inslitulionsl. 6 Comparnttve Funts- Statsment ol Fin#n¢i•l A¢llviti•s fYth• y•ar •nd•d 29 February 2024 Unrestrfcted Designatsd funds funds Total 2024 In¢amÈ from: Donations and aues 250.250 250.250 Total income 250.250 250,250 Expenditure on: Charitsble 8divtties 91.018 411.000 502,018 Totsl ¢xp¢nditure 91,018 411.000 502,018 Net Incom•llexpenditure) 159.232 {411.000) 1251.7681 Transfers been fvnd$ 11 1210.0001 210,000 Net movement in funds 150,7681 1201.000} 1251.7681 Reconclliation of funds Total funds broughl forwafd 178.841 201,000 379,841 Total funds carrled forvArd 12 128.073 128,073 15
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 Trustees No twste8s received remunerati dire(#ly fr(Mn tre ¢hanty in 2025 or 2024. One ofthe trustees, SCP$ benefa¢lor. Oaled £6C(J.(MXI12024.. £250,fKlO) to the Charity during Ihe year. Exsxnses totallirMJ £412 were reimtsJTsed to two trustge$ dUrij the year {One tnjstee in 2024.. £2rxll. Payments lotalling £12612024: £138) were made to vpfOnè during the year. 8 company ctsownèd by the spouse of of Ihe Injslees. Employee$ Number ofwnployees The average monthly number of empfoyees during the peric¥J was: 2025 Number 2024 Nurnber Administration. marketing and commercial Ernployment ¢¢ts 2025 2024 Wages and salaries Social se¢urity costs Olher pension costs 87,070 3.376 4,354 23.400 1,170 94,800 24,750 No employee re¢eived £80.rm or more during the peric#J12024.' thD. The key management personnel of Ihe Chaiity compnse thÈ Chief ExecLrtive. Business Manager and the Grants Manager. The total ernOYee teneffts of key mana9ment personnel were £94.8(Q12024.. £24.750). Taxation As a charity, Sheila Coates Foundab"on is exempt from tax on income and gains to the exlenl that these a applied to its tharitable objects. 10 Creditors: •m¢unts l•lling du¢ withln ¢ne year 2025 2024 Acuuals and deferred irtcom• Social security and other taKe5 Other uedilors 3.3S1 3,378 796 4.958 1.039 381 7.525 6,378 16
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 11 D¢$lgnated funds PAo¥•mont in lunds Resources expended Balanrx at Ineomlng 1 March resour¢ 2024 Tran$fers Balance at b?tween 28 February funds 2025 Rapid impad fvnd Isoo,000) 500.000 1500.0001 500.000 stsrting in 2021 twstees designated fvnds for rapid impact funding to pro¥idÈ support in response to the al issues facing aulisbc your•J people in seryjndary schoo. These fvnded granl-makin9 rounds offering one-off awards of £1,0 or £5,(K]O to mainstrèam secc¥)dary schc¥)Is. colgeS or attemalive prOs1On. SCF rapid impact fvnds are for short-term solubons v*thith Can be put in ace immedialely. and have been in support of: rnentsl heath and well-being.. increasing aub.sm knthe9e and experts'se in schools and colleges.. enhanced access to speo"alists for assessment. advice. intervèntlons". co-production or collaboration wilh aut1styoung people. During the year ended 28 February 2025, gne-off awards ofE5.1)00 were made available to eligitrAe apltants across EThJland through these ndIng OPPOrtunthes. Trustees transferred £SCo.L) into this fund during Ihe year Q024: £210.OCA)I. 12 Analysis of n¢t 0$ts t4n funds Unrestricted Oesignatsd funds funds Total FurKI balances at 28 February 2025 are represented ty: Current ast$ Creditors.. amwnts lalling due vrrilhin one 99.987 (T.5251 99,987 (7,525) 92,462 92,462 Unrnsiricled Designated funds funds Total Fund balances at 29 February 2024 a represenled ty. Current assets Creditors.. amounts falling due within one year 134.451 16.3781 134,451 16,3781 128.073 128.073 17
SHEILA COATES FOUNDATION (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY2025 13 Net cash Snflowl{outhowl from ¢pernting a¢tl¥lttes 2025 2024 N&t incorne {35.6111 1.147 {251,768) (2.2441 In¢a5/(de¢r8aSa} in creditors (34,4641 1254.012} 14 Ultirn¥te ¢ontrallin9 party The charity w8s under th¢ control of the Tmstees during the per under revi8w. 18