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 2026

for

Coatham House

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

to

20

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 2026. 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

Since the Covid epidemic, our charity at Coatham House in Redcar has seen many major changes.

We have undergone a major consolidation in our core activities with the elimination of certain activities and focusing on strengthening the charity's governance, people retention and development, compliance with legislation and providing more affordable living premises for our core customers.

We have had to make some uncomfortable decisions with regard to non-charitable activities/business. These have been concluded, in order for us to concentrate on financial strength, enabling the charity to concentrate it's resources on our main aim of providing accommodation for our clients. We have purchased another property in Redcar and are looking into acquiring another, to help us to be more self-sufficient and not relying on funding for all our activities. We have also refurbished 2 more of our existing properties.

With regards to Governance, we have taken the opportunity to review our compliance with internal and external legal requirements. Working with external consultants and also 2 new trustees (with specific knowledge of different areas), a full review of all HR policies and Health & Safety procedures has been carried out, to ensure we are complying with all relevant legislation. These are all reviewed on an annual basis, or whenever changes are made, or legislation is updated. This is now at the centre of the charity's future governance.

Competent and loyal staff remain the centre of the charity in assessing needs, training and providing the charity's core activities. Our Support Staff provide on-going support for all clients e.g. help in financial budgeting, documentation completion and general household requirements. We have 4 new supported housing units, enabling us to offer support to more people. The staff team has also expanded to allow for more intensive support. There is an improved resident activity attendance. Staff salaries are reviewed and increased on an annual basis. Staff and trustees are offered external training to ensure that they are up to date on all relevant matters relating to their roles. We have a new training package to allow for an holistic approach to mandatory and additional training for staff.

Maintenance /repairs/refurbishment to our properties are carried out by our own maintenance team, who have completed 98 jobs this year.

We have accepted 29 new referrals this year, including those from Floating Support via Redcar & Cleveland Council, using our expertise to support clients beyond our own properties.

We refurbished our old café and moved our offices there to cut costs and to have a position on the High Street. We obtained funding and a 5 year loan to enable us to buy the property. This allows us to use more of our resources delivering our charitable aims.

Our CEO has recently retired and we are in the process of looking for a replacement. We hope to fill this post soon to oversee the work of staff, management and trustees.

The previous CEO also applied for funding for our charity, however, we have now gained the expertise of an external consultant to continue this vital service for us.

FINANCIAL REVIEW

Financial Review

During the year there has been a net inflow of resources amounting to £96,897 (2025: £138,720). Total funds now stand at £795,668. There has been a net inflow of unrestricted funds of £104,546 and an outflow of restricted funds of £7,649. The Statement of Financial Activities on page 6 shows the charity's income and how it has been spent during the year. Notes 2 to 4 to the accounts on pages 12 and 13 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 £795,668 but of this figure £671,653 relates to fixed assets, therefore free reserves are £124,015 at 31 March 2026. 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.

When considering the purchase of additional properties, or when planning refurbishment/remediation of existing properties, Coatham House will take into account environmental factors and consider incorporating best practice and technologies. This is in order to reduce the overall environmental impact of each property (potentially adding value to the property) and to reduce costs for tenants.

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

Punch Robson

Unit E, Parkway Centre

Coulby Newham

Middlesbrough

TS8 0TJ

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 8 October 2026 and signed on its behalf by:

Hazel Valerie Yare - 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 2026.

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

23 October 2026

31/3/26

31/3/25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

40,204

25,000

65,204

130,141

Charitable activities

4

Supporting the homeless

421,079

-

421,079

392,385

Other trading activities

3

11,845

-

11,845

8,956

Total

473,128

25,000

498,128

531,482

EXPENDITURE ON

Charitable activities

5

Supporting the homeless

367,257

32,649

399,906

392,762

NET INCOME/(EXPENDITURE)

105,871

(7,649

)

98,222

138,720

RECONCILIATION OF FUNDS

Total funds brought forward

624,872

73,899

698,771

560,051

TOTAL FUNDS CARRIED FORWARD

730,743

66,250

796,993

698,771

31/3/26

31/3/25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

692,977

60,000

752,977

639,656

Investments

12

1

-

1

1

692,978

60,000

752,978

639,657

CURRENT ASSETS

Debtors

13

35,765

-

35,765

6,630

Cash at bank and in hand

128,278

6,250

134,528

207,967

164,043

6,250

170,293

214,597

CREDITORS

Amounts falling due within one year

14

(35,279

)

-

(35,279

)

(38,058

)

NET CURRENT ASSETS

128,764

6,250

135,014

176,539

TOTAL ASSETS LESS CURRENT LIABILITIES

821,742

66,250

887,992

816,196

CREDITORS

Amounts falling due after more than one year

15

(90,999

)

-

(90,999

)

(117,425

)

NET ASSETS

730,743

66,250

796,993

698,771

FUNDS

18

Unrestricted funds

730,743

624,872

Restricted funds

66,250

73,899

TOTAL FUNDS

796,993

698,771

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 8 October 2026 and were signed on its behalf by:

Hazel Valerie Yare - Trustee

Cash flows from operating activities

Cash generated from operations

1

77,227

187,943

Interest paid

(8,649

)

(6,873

)

Net cash provided by operating activities

68,578

181,070

Cash flows from investing activities

Purchase of tangible fixed assets

(115,866

)

(194,607

)

Sale of tangible fixed assets

500

-

Net cash used in investing activities

(115,366

)

(194,607

)

Cash flows from financing activities

New loans in year

-

90,000

Loan repayments in year

(26,651

)

(20,484

)

Net cash (used in)/provided by financing activities

(26,651

)

69,516

Change in cash and cash equivalents in the reporting period

(73,439

)

55,979

Cash and cash equivalents at the beginning of the reporting period

207,967

151,988

Cash and cash equivalents at the end of the reporting period

134,528

207,967

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31/3/26

31/3/25

£

£

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

98,222

138,720

Adjustments for:

Depreciation charges

2,545

13,946

Profit on disposal of fixed assets

(500

)

-

Interest paid

8,649

6,873

(Increase)/decrease in debtors

(29,135

)

28,899

Decrease in creditors

(2,554

)

(495

)

Net cash provided by operations

77,227

187,943

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/25

Cash flow

At 31/3/26

£

£

£

Net cash

Cash at bank and in hand

207,967

(73,439

)

134,528

207,967

(73,439

)

134,528

Debt

Debts falling due within 1 year

(26,686

)

225

(26,461

)

Debts falling due after 1 year

(117,425

)

26,426

(90,999

)

(144,111

)

26,651

(117,460

)

Total

63,856

(46,788

)

17,068

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.

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

31/3/26

31/3/25

£

£

Gifts

20,000

(2

)

Donations

204

1,093

Grants

45,000

129,050

65,204

130,141

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

2026

2025

£

£

Ballinger Trust

20,000

20,000

Lloyds Bank Foundation

25,000

25,000

The Albert Hunt Trust

-

7,000

Access - the Foundation for Social Investment (LARCH)

-

60,000

Morrisons Foundation

-

8,000

The Percy Bilton Charity

-

2,000

Jack Brunton Charitable Trust

-

3,000

The Teesside Charity

-

4,050

45,000

129,050

3.	OTHER TRADING ACTIVITIES

31/3/26

31/3/25

£

£

Miscellaneous income

11,845

8,956

4.	INCOME FROM CHARITABLE ACTIVITIES

31/3/26

31/3/25

Activity

£

£

Rents and housing benefits

Supporting the homeless

368,042

353,185

Support services

Supporting the homeless

53,037

39,200

421,079

392,385

5.	CHARITABLE ACTIVITIES COSTS

2026

2026

2026

2025

£

£

£

£

Unrestricted

Restricted

Total

Total

Costs allocated directly to activities:

Staff costs

162,736

25,599

188,335

182,602

Premises costs

72,672

7,050

79,722

74,686

Telephone, post stationery & advertising

647

-

647

1,402

Insurance

10,413

-

10,413

11,470

Travel & training

5,198

-

5,198

4,346

Sundry costs

1,418

-

1,418

2,825

Bad debts

(3,844

)

-

(3,844

)

(17,511

)

Depreciation

1,795

-

1,795

350

Grants payable to subsidiary

-

-

-

-

Support costs (see note 6)

116,222

-

116,222

132 592

367,257

32,649

399,906

392,762

6.	SUPPORT COSTS

2026

2026

2026

2025

£

£

£

£

Unrestricted

Restricted

Total

Total

Staff costs

14,551

-

14,551

10,597

Premises costs

24,824

-

24,824

48,169

Telephone, post, stationery & advertising

22,341

-

22,341

19,208

Consultancy fees

20,021

-

20,021

22,006

Loan interest

8,649

-

8,649

6,873

Sundry costs

6,262

-

6,262

2,481

Subsidiary costs

34

-

34

733

Governance costs:

- Staff costs

7,646

-

7,646

7,387

- Accountancy fees

3,000

-

3,000

2,838

- Legal & professional fees

8,894

-

8,894

12,300

116,222

-

116,222

132,592

7.	NET INCOME/(EXPENDITURE)

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

31/3/26

31/3/25

£

£

Depreciation - owned assets

2,545

350

Surplus on disposal of fixed assets

(500

)

-

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

9.	STAFF COSTS

31/3/26

31/3/25

£

£

Wages and salaries

183,827

183,075

Social security costs

18,764

10,640

Other pension costs

7,941

6,872

210,532

200,587

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

31/3/26

31/3/25

Office

1

1

Hostel and Outreach

10

11

11

12

No employees received emoluments in excess of £60,000.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

21,091

109,050

130,141

Charitable activities

Supporting the homeless

392,385

-

392,385

Other trading activities

8,956

-

8,956

Total

422,432

109,050

531,482

EXPENDITURE ON