COATES EDUCATIONAL FOUNDATION

Registered charity 505906 · accounts filings on the Charity Commission register

The Charity provides bursaries to further the educational needs of persons under the age of 25 who are in need of financial assistance and who are pupils or former pupils of the Richard Coates Church of England Voluntary Aided Middle School or who are resident within the parishes of Ponteland or voluntary bodies or schools providing facilities or activities for use by such persons

Causes: Education/training · Get email alerts

Latest income

£26k

Latest spending

£36k

Registered

1977

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £21,608 for the year ended 31 December 2024, driven by investment gains and rental income. Free reserves stood at £75,033, which is above the trustees' stated policy target of holding the equivalent of one year of expenditure (approximately £20,000 - £25,000). The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: one year of expenditure (approximately £20,000 - £25,000) (held: £75k)

“The trustees considered it would be appropriate to hold the equivalent of one year of expenditure, which would in a typical year equate to holding approximately £20,000 - £25,000 in free reserves.”

Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

DAVID BUTLERchair · trustee of 2 other charities
ALAN NEVILLE MEE
ANDREW WILLIAM MORGAN · trustee of 2 other charities
CLIVE RINGROSE · trustee of 2 other charities
Christopher John Matthew · trustee of 1 other charity
GILLIAN BUNTING · trustee of 1 other charity
ROBERT GUY RAMSAY
Rev George Robert Curry · trustee of 7 other charities
Revd Captain Paul Allison

Trustee list from the Charity Commission register (current, not historical).

Operates in: Newcastle Upon Tyne City · Northumberland

Income and spending

Financial year end	Income	Spending
31/12/2024	£26k	£36k
31/12/2023	£16k	£10k
31/12/2022	£24k	£3k
31/12/2021	£24k	£35k
31/12/2020	£25k	£6k

Common questions

Is COATES EDUCATIONAL FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a surplus of £21,608 for the year ended 31 December 2024, driven by investment gains and rental income. Free reserves stood at £75,033, which is above the trustees' stated policy target of holding the equivalent of one year of expenditure (approximately £20,000 - £25,000). The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.