2022-06-24-accounts - The Coverdale Foundation

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Trustees' Annual Report for the period

Period start date Period end date Month Year Day Month Year 25 June 2021 To 24 June 2022

From

Section A Reference and administration details

Charity name

The Coverdale Foundation

Other names charity is known by Registered charity number (if any) 1154598

Little Sodbury End, Chipping Sodbury Bristol BS37 6QE

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	PhilipThornley
	Gillian Thornley
	Rebecca Gamston

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

TRUST DEED DATED 11/10/2013

(eg. trust deed, constitution)

How the charity is constituted

TRUST

(eg. trust, association, company)

Trustee selection methods

APPOINTED BY EXISTING TRUSTEES

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

(1) The advancement of education

Summary of the objects of the charity set out in its governing document

To promote the education of children and young people in less developed parts of the world by providing or assisting in the provision of school or vocational training facilities, or by the provision of maintenance allowances or grants to such individuals, where such provision would lead to a material and substantial improvement in the beneficiaries' educational prospects.

(2) The advancement of religious faith

To advance understanding of the Christian faith for the benefit of the public anywhere in the world, mainly, but not exclusively, by means of written publications broadcasts and public meetings of an evangelistic and teaching nature, and by assisting in the

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provision of personnel and church buildings for Christian churches to carry out their objectives both in the UK and abroad. For the purpose of this object the Christian faith is deemed to hold to the Statement of Beliefs as hereonstated in their entirety. (3) Relief of poverty

To provide for the prevention or relief of poverty anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.

(4) Caring for homeless and vulnerable people To provide accommodation, ongoing support, and friendship to homeless and vulnerable people anywhere in the world.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit

We have made grants of significant benefit to groups of the public to whom our Objects direct in the UK and abroad and are supporting needy and hungry people and we provided education in the developing world.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main We have continued to support organisations at home and abroad in line achievements of the charity with our objects. during the year

Section E Financial review

We aim to distribute the maximum amount of receipts each year, and Brief statement of the therefore to keep the smallest reasonable amount of reserves consistent charity’s policy on reserves with good governance and locating appropriate grantees.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

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Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Philip Thornley Position (eg Secretary, Chair, Secretary etc) Date 3rd January 2023

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	The Coverdale Foundation Charity Name	The Coverdale Foundation Charity Name	The Coverdale Foundation Charity Name	No (if any)	CC16a
				1154598
	For the period from	25th June 2021 Period start date	To	24th June 2022 Period end date

Section A Receipts and	payments
A1 Receipts	Unrestricted funds to the nearest £ 249,645 - - - - - - - 249,645 - - - 249,645 249,645 55,903 102 - - - - - - - 56,005 - 133,015 133,015 189,020 60,625 - 305,353 365,978	Restricted funds to the nearest £ 100 - - - - - - - 100 - - - 100 100 - - - - - - - - 100 - - - 100 - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 249,745 - - - - - - - 249,745 - - - 249,745 56,003 102 - - - - - - - 56,105 - 133,015 133,015 189,120 60,625	Last year to the nearest £
Donations	249,645				249,000
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	249,645				249,000

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts*
					249,000

A3 Payments	249,645
Grants to Charities	55,903				125,024
Administration costs	102				110
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	56,005				125,134

A4 Asset and investment purchases, (see table)
Loans to charities	-				-
Loans to individuals	133,015
**Sub total **	133,015				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					125,134

	60,625	-		60,625	123,866
	-	-		-	-
	305,353	-		305,353	181,487
	365,978	-		365,978	305,353

CCXX R1 accounts (SS)

03/01/2023

Section B Ststement of assets and liabilities at the end of the period Unrestricted fvnd Restriknted fun Endowment nds Details 365.971 fun funds Dets115 131ts1S D•¢ai18 Oet•i1s charity'¥ own u BS U•Wlfth• CCUX R2 •DJyJTh ISS}

Independent examinerfs report on the accounts Section A Independont Examinerfs Report Report to the tn19051 , membefs of On •ccounts for the yr end•d 25 June 2022 Charty no 1154598 (rf any) Sat on pafps R•spoth• The tharitys trustees are respltIe lor the tryAralion of the oUnts. r•sponslbllltles of The chanty's trustees CorIder that alt is not required for this year tnths and •xaminw under seca1 144 01 the Charities Aci 2011 (the Cl17¢1 Act) vl that an independent examination is to fr1 the prOc&uS laid d(rn in the genera Threcljons giV8n by th• Chafrty Commission {urKler se1 145(5)(b) of the Ch&ities Act, and to state whether pa"cUlar rnatte ha fx>me to my attenti. Basls of Independent My examination was carwl (yjt in aXyd8n with general Directions oiven oxamin•rf$ statemwit by the Charty commissic. An examin'on indLths a revie of the tntIng reaxds kept by the (arity and a c¢xnparison d tho Unts Kesa)ted wilh ItrK)se rttords. It also indudes consideration cl any unusual items or digsosufes in the a>x)unts. and seekn'ng explanatians from the Fyomde all the th•derKX thal Thvuld required in an audit, and c(wuenty no opiniw is as to whether the wwrrts presenl a true d fairf view the rewt is lintsj to those matters sot (xrt in the Independent In conneclion wrth oxamination. no matter h83 co to my attention examlnoes statsment Icther than that disd05ed bel( ") the requirements: charrt A(1: and to prepare *c(yJnts {x)rd with the nting red8 and 2. to which, in my opinion. attentim shIy be drthvn in order to end)le a n•d: 21. 12.2021. N•m•: LLJ F> R•l•v•nt prof•sslonal qualllkallonl$) or body 01 any): IER March 2012

Addr•ss: /0 Ivilr P/W£ Section B Disc105ure Orty o)mplete rf the exarrdnor neojs to tsgh1ht matenal Glve her• brfgf detsill ol any Items that tho •xamin•r wlshos to dlsclose. IER March 2012