Coates Edueational Foundation (CIO) Annual Report 2025 Registered Charity 1207488
Trustees Re Caplain PAllinson Mrs G Bunling Mr D Butler Reverend G CuTry Mr C Matthew MrANMee Mr A Morgan Mr R Ramsay Mr C Ringrose Clerk io the Trustees Mrs G Buining Charity Numkr 1207488 Principal oifice CIO Nicholson and Morgan 14 Bell Villas Ponleland Newcasile un 'lyne NE?0 9BE Investment Broker5 Brewin Dolphin Time Ceniral Gallowgaie Newcastle upon Tyne NEI 4SR Bankers Naiwesi Bank Ltd 16 Northumkrland Sireel Newcas(l¢ Upon lyne. NEI 7EL
Report of Trustees STRUCTURE. GOVERNANCE AND MANAGEMENT Nature of Governing Doeumenl The Foundation was registered with the CharÉty Commission on 18th Marck 20?4 Recruitment and Ydppoinlment of trustees The Vicar of Ponteland sits as an Exryofficio trusiee. Three nominaled trustees are apFX)inted by the Ponteland Town Council. The Ponteland Par(Khial Church Council and the NewcaqAle Diocesan F.ducalional Board. There are up io seven CoPted tnlees. The tneS meet regularly during the year to decide overnll financial and policy matters. duction gnd 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 encourdged to attend the regular trusttt mtttings to ensure that they are always up to date with the latest activity of (he charity. OBJECTIVESANDACTIVITIES Nature of Governing documenl The charity advances the further educational needs of the past and present pupils of Richard Coates School. and the residents of the Parish of Ponieland. being under the age of M'enry- five years. The Foundation consists enlirely of investments and its activities are limited to expenditure ol.the income ol- the Foundaiion upon its objeciives. Fundratsing dis¢lo$ures The charity is required to report how li deals with fundrdising from the public. The charity does not use a professi(HMI fundraiser or commercial participaior io raise funds. Any monies raised direcl frorn the public follows the guideline5 set out by the Charity Commission and UK law in every. respect. We respect the priiacy 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 benefils.
The trustees confirni that ihey have complied with the requirements of section 17 of the L'harilies Act ?0 I I to have due Tegard lo the public benetii guidanc¢ published by the L'harity Commission for England and Wales. Gift makin% policies ThL' Foundalion continues to receive and support a variety of applications for bursaries and furiditkg, Ixpih til Ytlatiott to RiLlTrard C(thtes school and t1 residttits of the desigttat¢d area. The Foundation truslees continue lo appropriate recipients for the benefjt of funding. ACHIEVEMENTS AND PERFORMARNCE The foundation is awaiting ihe transfer of assets from anoiher charity before it can carry out its obJeciiv¢s. This transter was not executed in 2025 due to difticuhies and delays in setting up a bank accouni for the Foundation. It is expected thal this transfer will take place in 2026. Tlje aiitiual rewrt was approved by the trustees of charity on ............... signed on its behalf by- Truslee
Statement of Financial Activities For ihe ¢Tr ended I I fjecemher ?n?f 2025 INCOME AND ENDOWMEIYTS Total Income EXPENDITIIRE Total Expenditure TOTAL FIINDS CARRIED FORWARD NETCURRENT ASSETS TOTAL FUNDS The financial statement were approved by the trustees and authorised for issue on . and wete 8igned ()n its half by". j r X¥. Tnisiee