Coates Educational Foundation (CIO)
Annual Report 2024
Registered Charity 1207488
| Trustees | Rev Captain P Allinson |
|---|---|
| Mrs G Bunting | |
| Mr D Butler | |
| Reverend G Curry | |
| Mr C Matthew | |
| Mr A N Mee | |
| Mr A Morgan | |
| Mr R Ramsay | |
| Mr C Ringrose | |
| Clerk to the Trustees | Mrs G Butning |
| Charity Number | 1207488 |
| Principal Office | C/O Nicholson and Morgan |
| 14 Bell Villas | |
| Ponteland | |
| Newcastle upon Tyne | |
| NE20 9BE | |
| Investment Brokers | Brewin Dolphin |
| Time Central | |
| Gallowgate | |
| Newcastle upon Tyne | |
| NE1 4SR | |
| Bankers | NatWest Bank Ltd |
| 16 Northumberland Street | |
| Newcastle Upon Tyne. | |
| NE1 7EL |
Report of Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
Nature of Governing Document
The Foundation was registered with the Charity Commission on 18[th] Marck 2024
Recruitment and appointment of trustees
The Vicar of Ponteland sits as an Ex-officio trustee.
Three nominated trustees are appointed by the Ponteland Town Council, The Ponteland Parochial Church Council and the Newcastle Diocesan Educational Board.
There are up to seven co-opted trustees.
The trustees meet regularly during the year to decide overall financial and policy matters.
Induction and training of trustee
Most members are already familiar with the practical work and objectives of the charity bringing their own relevant and unique skills.
Members are actively encouraged to attend the regular trustee meetings to ensure that they are always up to date with the latest activity of the charity.
OBJECTIVES AND ACTIVITIES
Nature of Governing document
The charity advances the further educational needs of the past and present pupils of Richard Coates School; and the residents of the Parish of Ponteland, being under the age of twentyfive years. The Foundation consists entirely of investments and its activities are limited to expenditure of the income of the Foundation upon its objectives.
Fundraising disclosures
The charity is required to report how it deals with fundraising from the public. The charity does not use a professional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follows the guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.
Public benefit
The trustees have referred to the guidance in the Charity Commission general guidance on public benefits when reviewing the aims and objectives and in planning future activities. The charitable objectives are also set out to provide clear and demonstrable public benefits.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Gift making policies
The Foundation continues to receive and support a variety of applications for bursaries and funding, both in relation to Richard Coates school and the residents of the designated area. The Foundation trustees continue to seek appropriate recipients for the benefit of funding.
ACHIEVEMENTS AND PERFORMARNCE
The foundation is awaiting the transfer of assets from another charity before it can carry out its objectives. This transfer was not executed in 2024 due to difficulties and delays in setting up a bank account for the Foundation.
It is expected that this transfer will take place in 2025.
The annual report was approved by the trustees of the charity on ………………….. and signed on its behalf by:
…………………………………
………………………………… Trustee
| Statement of Financial Activities | |
|---|---|
| For the year ended 31 December 2024 | |
| 2024 | |
| £ | |
| INCOME AND ENDOWMENTS | |
| Total Income | Nil |
| EXPENDITURE | |
| Total Expenditure | Nil |
| TOTAL FUNDS CARRIED FORWARD | Nil |
| NET CURRENT ASSETS | Nil |
| TOTAL FUNDS | Nil |
The financial statement were approved by the trustees and authorised for issue on ………………….. and were signed on its behalf by:
-------------------------- Trustee