REGISTERED COMPANY NUMBER: 02804567 (England and Wales)

REGISTERED CHARITY NUMBER: 1026620

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Coatham House

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Cash Flow Statement

10

Notes to the Cash Flow Statement

11

Notes to the Financial Statements

12

to

22

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The company is a charity and exists to provide public benefit by helping young, homeless people move towards successful independent living through the provision of temporary, managed accommodation, development of life skills and assistance with permanent resettlement.

The mission statement for Coatham House Projects is 'to accommodate, support and reintegrate homeless young people into society and to raise awareness of their plight'.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity has continued to build upon its core services in Redcar throughout 2024/25. We added new trustees and a new member of staff to increase the capacity of the charity in terms of its ability to meet the growing demand for those who are homeless in the town and those at risk of becoming homeless. We have worked hard with the current trustees on the governance structure and are taking a long-term view about the sustainability of the charity as we move forward in the current economic environment.

The manager, company members, trustees, staff and volunteers are all committed to the development and sustainability of the mission and increasingly recognise the nature of the crucial services that it delivers in Redcar at a time of real need.

The Charity has continued its progression in terms of meeting its core aims, which is that of putting a roof over an increasing number of heads in the town. We are now working with over 30 clients each week - those who are experiencing homelessness and those at risk of homelessness. We directly provide accommodation for 22 clients and support services for a further 10 clients. It is the support structure provided by a small and dedicated team that helps young people cope with homelessness and start the journey to gather the skills in order to access sustainable housing options in the future. The environment has proved very challenging as we adapted to moving on from the pandemic dealing with the deep cost of living crisis that has impacted deeply on our client group in an area already with high levels of deprivation. We have worked hard as a charity to bring more resources to the table in terms of improved grant donations and improved rental collection through some excellent support work and liaison with the local housing benefits. We continue to build up a solid working relationship with the local authority and still provide contracted work with Redcar and Cleveland Borough Council as part of a co-ordinated response to the homeless issue in the locality. We continue to build and expand our stakeholder network to enable the charity to get the best outcomes for the clients that we are engaged with.

This includes the ongoing development of personal development opportunities with local statutory and non-statutory agencies working with young people on cooking skills, sporting activities and mindfulness activity to improve the lives of our clients and we now offer a more wholistic and person led set of development pathways.

The trustees are now actively following a development plan to create more housing options to meet the growing need for safe and secure supported accommodation in the town from those in housing need. Sadly, homelessness in Redcar continues to rise and we see ourselves as a vital part of the multi-agency response to that challenge. The trustees have continued to invest in the staff team and our social media work alongside maintaining investment in our properties ensuring that the tenant experience is as good as we can make it. We continue to work in partnership with like-minded agencies to deliver an innovative response to the growing needs of the client group in Redcar. We have taken up a High Street presence through the purchase and updating of the property at 15 High Street. This has become our base for service delivery, the purchase in partnership with the Keyfund.

The charity will continue to be part of the non statutory sector response to homelessness in the Redcar area doing what it was set up to do - house vulnerable young people on an increasing scale with increasing impact.

FINANCIAL REVIEW

Financial Review

During the year there has been a net inflow of resources amounting to £138,720 (2024: outflow £16,787). Total funds now stand at £698,771. There has been a net inflow of unrestricted funds of £76,470 and inflow of restricted funds of £62,250. The Statement of Financial Activities on page 7 shows the charity's income and how it has been spent during the year. Notes 2 to 4 to the accounts on pages 13 and 14 detail income received in the year and its source. The trustees are very grateful for all the support received.

The charity is largely dependent upon income from statutory sources, various trusts and other charitable sources. The Trustees have no reason to doubt that the charity will continue to attract sufficient funds. The major source of income has been housing benefit.

The organisiation aims to increase its income generation activities in the next financial year to assist with its self-sustainability.

Investment policy and objectives

Any funds which may be surplus from time to time are invested in deposit accounts to ensure that they are available to the charity when required.

Reserves policy

On reviewing the reserves policy, the Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between 3 and 6 months of the resources expended on normal operating activities which equate to £53,250 to £106,500 in general funds. At this level, the Trustees feel that they would be able to continue current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed. At present the unrestricted reserves are £624,872 but of this figure £579,657 related to fixed assets, therefore free reserves are £45,215 at 31 March 2025. The Trustees are committed to taking appropriate action to continue to obtain further funding to reach the targeted level of unrestricted funds and are sourcing further grant funding along with reviewing the activities of the trading subsidiary to optimize income generation.

FUTURE STRATEGY

The board recognises that the year has again provided a very challenging backdrop to the ongoing delivery of our services and dealing with the broader impact upon our client group. It has also changed the circumstances for fund givers with increased demand for funding at a time when resources to allocate have decreased. The board is committed to its funding strategy and is working on a clear impact statement to support our funding endeavours as we move forward.

The current board is looking at recruiting new members to oversee the delivery and sustainment of the organisations activities and impact. Coatham House aims to be a top quality player in the housing and homelessness sector in Redcar by creating an infrastructure for professional development moving forward.

The board are committed to continuing its core services and the development of the enterprise activities via its trading arm.

Over the last few years, the Board has taken steps to reduce core costs, improve our housing stock and invest in the development of our staff. This will continue to form part of our strategy going forward, along with using some of those savings to ensure that Coatham House is an 'employer of choice' in the sector and in investing in additional properties when possible

The trustees would like to recognise the work of the staff team, volunteers and all those stakeholders who continue to support the work of the organisation in Redcar.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 21 March 1993 and registered as a charity on 29 September 1993.

The company was established under a Memorandum of Association which established the objects and powers if the charitable company and is governed under its Articles of Association.

Recruitment and appointment of new trustees

Under the Articles, two trustees will stand down at the AGM but are eligible for re-election. The charity's trustees are reinstated from its membership, with a view to harnessing skills which are appropriate to its activities.

Organisational structure

The Board of Trustees meet at least six times a year and is responsible for the strategic direction of the charity. The day to day running of the charity is delegated to the manager and staff team. The manager attends and reports to all Board meetings and liaises with the Board if necessary.

Induction and training of new trustees

All potential new trustees are invited for a meeting with the manager and visit all the charity's projects to speak with staff and service users. They will meet with the chair and attend two board meetings as observers to get a flavour of what is involved prior to agreeing to act. All new trustees are issued with a copy of the Memorandum and Articles of Association, accounts, business plan and any other relevant information.

A skills audit is carried out every one to two years to ensure that appointments to sub groups within the board make best use of trustees' skills.

Risk management

Through their regular involvement in the management of the charity the Trustees are aware of the major risks involved in running the charity and policies and procedures are in place to mitigate these risks. A business plan is in place to guide Trustees and is subject to review as appropriate. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02804567 (England and Wales)

Registered Charity number

1026620

Registered office

15 High Street

Redcar

TS10 3BZ

Trustees

David Robert Stones

Hazel Valerie Yare

Andrew Pettersen (resigned 21/7/2025)

David Eagle

Amanda McWilliams

Gursharan Hardeyal Singh

Company Secretary

David Eagle

Independent Examiner

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

Solicitors

Cygnet Law

Portland House

West Dyke Road

Redcar

TS10 1DH

Bankers

Unity Trust Bank Plc

Nine Brindley Place

Birmingham

B1 2HB

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 15 December 2025 and signed on its behalf by:

David Eagle - Trustee

Independent examiner's report to the trustees of Coatham House ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lynne Dickson FCA

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

16 December 2025

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

21,093

109,050

130,143

70,289

Charitable activities

4

Supporting the homeless

392,385

-

392,385

355,357

Other trading activities

3

8,954

-

8,954

14,932

Total

422,432

109,050

531,482

440,578

EXPENDITURE ON

Charitable activities

5

Supporting the homeless

345,962

46,800

392,762

457,365

NET INCOME/(EXPENDITURE)

76,470

62,250

138,720

(16,787

)

RECONCILIATION OF FUNDS

Total funds brought forward

548,402

11,649

560,051

576,838

TOTAL FUNDS CARRIED FORWARD

624,872

73,899

698,771

560,051

31/3/25

31/3/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

579,656

60,000

639,656

458,996

Investments

13

1

-

1

1

579,657

60,000

639,657

458,997

CURRENT ASSETS

Debtors

14

6,630

-

6,630

35,529

Cash at bank and in hand

194,068

13,899

207,967

151,988

200,698

13,899

214,597

187,517

CREDITORS

Amounts falling due within one year

15

(38,058

)

-

(38,058

)

(20,635

)

NET CURRENT ASSETS

162,640

13,899

176,539

166,882

TOTAL ASSETS LESS CURRENT LIABILITIES

742,297

73,899

816,196

625,879

CREDITORS

Amounts falling due after more than one year

16

(117,425

)

-

(117,425

)

(65,828

)

NET ASSETS

624,872

73,899

698,771

560,051

FUNDS

19

Unrestricted funds

624,872

548,402

Restricted funds

73,899

11,649

TOTAL FUNDS

698,771

560,051

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 December 2025 and were signed on its behalf by:

David Eagle - Trustee

Cash flows from operating activities

Cash generated from operations

1

187,943

16,513

Interest paid

(6,873

)

(5,081

)

Net cash provided by operating activities

181,070

11,432

Cash flows from investing activities

Purchase of tangible fixed assets

(194,607

)

(15,000

)

Net cash used in investing activities

(194,607

)

(15,000

)

Cash flows from financing activities

New loans in year

90,000

-

Loan repayments in year

(20,484

)

(6,232

)

Net cash provided by/(used in) financing activities

69,516

(6,232

)

Change in cash and cash equivalents in the reporting period

55,979

(9,800

)

Cash and cash equivalents at the beginning of the reporting period

151,988

161,788

Cash and cash equivalents at the end of the reporting period

207,967

151,988

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

31/3/25

31/3/24

£

£

Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities)

138,720

(16,787

)

Adjustments for:

Depreciation charges

13,946

2,425

Interest paid

6,873

5,081

Decrease in debtors

28,899

27,073

Decrease in creditors

(495

)

(1,279

)

Net cash provided by operations

187,943

16,513

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

151,988

55,979

207,967

151,988

55,979

207,967

Debt

Debts falling due within 1 year

(8,768

)

(17,918

)

(26,686

)

Debts falling due after 1 year

(65,828

)

(51,597

)

(117,425

)

(74,596

)

(69,515

)

(144,111

)

Total

77,392

(13,536

)

63,856

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The trustees consider that there are no material uncertainties about Coatham House's ability to continue as a going concern and as such, these financial statements have been prepared on the going concern basis.

Income

All income is recognised in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonably accuracy.

There is no netting off of expenditure within the accounts.

Gifts in kind are included within donations in the SOFA at an estimate of the cost of providing the service. The equivalent cost is also included within resources expended.

Grants towards fixed assets are treated as donations in the SOFA as the asset is capitalised in the Balance Sheet. The income is treated as a restricted fund and depreciation charged to it each year. Revenue grants are credited to the SOFA for the year to which they relate.

Expenditure

All expenditure is accounted for on an accruals basis and includes attributable VAT which cannot be recovered.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities. It includes both costs which can be directly allocated to activities and those costs of an indirect nature necessary to support them.

Governance costs are those incurred in connection with compliance with constitutional and statutory requirements.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Short leasehold

-

10% on cost

Improvements to property

-

not provided

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Properties and associated improvement costs are stated at cost or valuation. The cost of property is their purchase price together with incidental costs of acquisition.

Expenditure on property which has resulted in an enhancement, is capitalised.

No depreciation is charged on property because they are maintained in a state of repair such that the estimated residual value is not less than their net book value. The annual charge would therefore be immaterial.

Related party exemption

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering the funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Pension scheme

The charity operates a fully insured, contributory defined contribution pension scheme for all employees. The charity contributions are charged to the SOFA in the period to which they relate.

2.	DONATIONS AND LEGACIES

31/3/25

31/3/24

£

£

Donations

1,093

21,089

Grants

129,050

49,200

130,143

70,289

Grants received, included in the above, are as follows:

2025

2024

£

£

Ballinger Trust

20,000

20,000

County Durham Community Fund

-

5,500

Lloyds Bank Foundation

25,000

-

Virgin Money Foundation; Power to Change

-

8,000

The Albert Hunt Trust

7,000

-

Access - the Foundation for Social Investment (LARCH)

60,000

-

Woodsmith Foundation

-

4,000

B&Q Foundation

-

5,000

Help the Homeless

-

5,000

Tees Valley Community Fund

-

1,700

Morrisons Foundation

8,000

-

The Percy Bilton Charity

2,000

-

Jack Brunton Charitable Trust

3,000

-

The Teesside Charity

4,050

-

129,050

49,200

3.	OTHER TRADING ACTIVITIES

31/3/25

31/3/24

£

£

Miscellaneous income

8,954

14,932

4.	INCOME FROM CHARITABLE ACTIVITIES

31/3/25

31/3/24

Activity

£

£

Rents and housing benefits

Supporting the homeless

353,185

324,157

Support services

Supporting the homeless

39,200

31,200

392,385

355,357

5.	CHARITABLE ACTIVITIES COSTS

2025

2025

2025

2024

£

£

£

£

Unrestricted

Restricted

Total

Total

Costs allocated directly to activities:

Staff costs

163,852

18,750

182,602

158,416

Premises costs

71,936

2,750

74,686

109,015

Telephone, post stationery & advertising

1,402

-

1,402

2,439

Insurance

11,470

-

11,470

9,394

Travel & training

4,346

-

4,346

4,258

Sundry costs

2,825

-

2,825

2,098

Bad debts

(17,511

)

-

(17,511

)

39,979

Depreciation

350

-

350

2,425

Grants payable to subsidiary

-

-

-

37,607

Support costs (see note 6)

107,292

25,300

132,592

91,734

345,962

46,800

392,762

457,365

6.	GRANTS PAYABLE

31/3/25

31/3/24

£

£

Supporting the homeless

-

37,607

7.	SUPPORT COSTS

2025

2025

2025

2024

£

£

£

£

Unrestricted

Restricted

Total

Total

Staff costs

10,597

-

10,597

8,029

Premises costs

29,169

19,000

48,169

24,898

Telephone, post, stationery & advertising

19,208

-

19,208

15,918

Consultancy fees

22,006

-

22,006

22,041

Loan interest

6,873

-

6,873

5,081

Sundry costs

2,481

-

2,481

1,122

Subsidiary costs

733

-

733

-

Governance costs:

- Staff costs

7,387

-

7,387

6,304

- Accountancy fees

2,838

-

2,838

2,808

- Legal & professional fees

6,000

6,300

12,300

5,533

107,292

25,300

132,592

91,734

8.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/3/25

31/3/24

£

£

Depreciation - owned assets

350

2,425

9.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10.	STAFF COSTS

31/3/25

31/3/24

£

£

Wages and salaries

183,075

157,457

Social security costs

10,640

8,469

Other pension costs

6,872

6,823

200,587

172,749

The average monthly number of employees during the year was as follows:

31/3/25

31/3/24

Office

1

1

Hostel and Outreach

11

10

12

11