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← The Rosemary And David Coveney Charitable Trust

2023-10-16-accounts

Independent examiner's report on the accounts

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Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages		 The Rosemary and David Coveney Charitable Trust The Rosemary and David Coveney Charitable Trust The Rosemary and David Coveney Charitable Trust
16/10/2023 Charity no
(if any)		 1173068
As above.

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 16/10/2022.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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

Date: 08/08/2023 Signed: Name: Tom Wilcox Relevant professional FMAAT FCIE qualification(s) or body (if any): Counterculture Partnership LLP Ducie House Address: Ducie Street Manchester M1 2JW

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

1

October 2018

IER

Give here brief details of N/A. any items that the examiner wishes to disclose .

2

October 2018

IER

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Trustees’ Annual Report for the period

From 17/10/2022 Period start date To 16/10/2023 Period end date

Charity name: Rosemary and David Coveney Charitable Trust

Charity registration number: 1173068

Objectives and Activities

SORP reference
Summary of
the
purposes of
the charity
as set out in
its
governing
document		 Para 1.17
Summary of
the main
activities in
relation to
those
purposes
for the
public
benefit, in
particular,
the
activities,
projects or
services
identified in
the
accounts.		 Para 1.17 and 1.19 Grant-making to pursue the Objects
Statement
confirming
whether the
trustees
have had
regard to
the
guidance
issued by
the Charity
Commission
on public
benefit		 Para 1.18 Yes

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Made donations from income to the East
Cheshire Hospice, specialising in palliative
cancer care, in line with the objects of the
charity and benefiting local cancer patients.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set

Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Financial position is stable, with assets of
£275k (cost basis) and cash of £45k
comparable to the prior year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Cash is held for investment opportunity and
to enable grant-making. Investments are
held to generated income for grant-making.
Amount of reserves held Para 1.22 Cash at year end of £45k
Reasons for holding zero
reserves		 Para 1.22 N/a
Details of fund materially in
deficit		 Para 1.24 N/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/a
Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 N/a
N/a
Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of
charity’s trusts:		 Charitable Trust
Type of governing
document
(trust deed, royal
charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Trust
Trustee selection
methods including
details of any
constitutional
provisions e.g.
election to post or
name of any person
or body entitled to
appoint one or more
trustees		 Para 1.25

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Rosemary and David Coveney Charitable Trust
Other name the charity uses N/a
Registered charity number 1173068
Charity’s principal address The White Cottage
Parkfield Road
Knutsford
Cheshire
WA16 8NP

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)
David Coveney
Paul Coveney
Nicola Coveney

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Additional information (optional)
Names and addresses of advisers (Optional information)		 Additional information (optional)
Names and addresses of advisers (Optional information)		 Additional information (optional)
Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Paul Coveney Position (eg Secretary, Trustee Chair, etc) Date 01/07/2024

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Rosemary and David Coveney Charitable Trust

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1173068

Receipts and payments accounts

CC16a

For the period 17/10/2022 16/10/2023 To from

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
10,526
234
15,000
-
-

25,761
-
-
25,761
2,000
2,000
2,000
-
-
-
-
-
-
6,000
-
-
6,000
19,761
-
25,817
45,578		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
10,526
234
15,000
-
-
-
-
25,761
-
-
-
25,761
2,000
2,000
2,000
-
-
-
-
-
-
6,000
-
-
-
-
-
-
-
-
-
-
-
-
6,000

19,761		 Total funds
to the nearest £
10,526
234
15,000
-
-
-
-
25,761
-
-
-
25,761
2,000
2,000
2,000
-
-
-
-
-
-
6,000
-
-
-
-
-
-
-
-
-
-
-
-
6,000

19,761		 Last year
to the nearest £
Investment income(dividends) 10,526 10,922
Interest(HL) 234 6
Donation from D Coveney (18/11/2022) 15,000 15,000
-
-
- -
-
 -
~~Sub total~~~~(Gross income for~~
AR)
25,761		 25,927
A2 Asset and investment sales,
(see table).
1,472
- -
Sub total - 1,472
Total receipts
A3 Payments
27,400

Donation to East Cheshire Hospice
(15/12/22)		 2,000 2,000
Donation to East Cheshire Hospice
(03/08/2023)		 2,000
Donation to East Cheshire Hospice
(12/10/2023)		 2,000
-
-
-
-
-
-
**Sub total ** 6,000 2,000
A4 Asset and investment
purchases, (see table)

Vanguard Funds plc S&P 500
UCITS ETF USD(GBP) 150 @
6300.35		 9,462
Rio Tinto plc Ordinary 10p 200 @
5375		 10,763
-
**Sub total ** - 20,225
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
22,225
19,761 - -
19,761		 5,174
- - - - -
25,817 - - 25,817 20,643
45,578 - - 45,578 25,817

Section B Statement of assets and liabilities at the end of the period

Categories
B3 Investment assets
B2 Other monetary assets
B1 Cash funds		 Details
Compass Group plc Ordinary 11.05p
Diageo plc Ordinary 28 101/108p
GCP Infrastructure Investments Ltd 1p Shs
Great Portland Estates Ord 15 5/19p
~~Shares~~
F&C Investment Trust Ord 25p
Unilever plc Ordinary 3.11p
Vanguard Funds FTSE Emerging Markets
~~ETF~~
M&G plc ORD GBP0.05
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Legal & General Group plc Ord 2.5p
~~Shares~~
Prudential plc Ordinary 5p
RBS Bank
HL Trading account cash
HICL Infrastructure plc ORD GBP0.0001
Mondi Plc Ordinary Eur0.20
National Grid Ord 12, 204/473p
Vanguard Funds plc FTSE Dev Asia
~~Pacific~~
Vanguard Funds plc S&P 500 ETF
~~USD(GBP~~
HSBC Holdings plc Ordinary USD0.50
Rio Tinto plc Ordinary 10p
United Utilities Group Plc Ordinary 5p		 Unrestricted
funds
to nearest £
16,000
29,578
-
45,578
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
9,921
18,201
7,540
7,542
16,229
21,478
18,310
17,774
3,525
24,356
8,286
32,040
19,139
15,431
15,914
10,163
14,992
14,648
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
Compass Group plc Ordinary 11.05p 9,921 -
Diageo plc Ordinary 28 101/108p 18,201 -
F&C Investment Trust Ord 25p 7,540 -
GCP Infrastructure Investments Ltd 1p Shs 7,542 -
Great Portland Estates Ord 15 5/19p
~~Shares~~		 16,229 -
HICL Infrastructure plc ORD GBP0.0001 21,478 -
HSBC Holdings plc Ordinary USD0.50 18,310 -
Legal & General Group plc Ord 2.5p
~~Shares~~		 17,774 -
M&G plc ORD GBP0.05 3,525 -
Mondi Plc Ordinary Eur0.20 24,356 -
National Grid Ord 12, 204/473p 8,286 -
Prudential plc Ordinary 5p 32,040 -
Rio Tinto plc Ordinary 10p 19,139 -
Unilever plc Ordinary 3.11p 15,431
United Utilities Group Plc Ordinary 5p 15,914 -
Vanguard Funds FTSE Emerging Markets
~~ETF~~		 10,163
Vanguard Funds plc FTSE Dev Asia
~~Pacific~~		 14,992
Vanguard Funds plc S&P 500 ETF
~~USD(GBP~~		 14,648
- -

B4 Assets retained for the charity’s own use

Details

Details

Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -
- -
Fund to which
liability relates		 Amount due
(optional)
-
-		 When due
(optional)
-
-

B5 Liabilities

- Signed by one or two trustees on Date of behalf of all the trustees Signature Print Name approval Paul Coveney 29-Jul-24

Independent examiner's report on the accounts

==> picture [263 x 56] intentionally omitted <==

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages		 The Rosemary and David Coveney Charitable Trust The Rosemary and David Coveney Charitable Trust The Rosemary and David Coveney Charitable Trust
16/10/2023 Charity no
(if any)		 1173068
As above.

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 16/10/2022.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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

Date: 08/08/2023 Signed: Name: Tom Wilcox Relevant professional FMAAT FCIE qualification(s) or body (if any): Counterculture Partnership LLP Ducie House Address: Ducie Street Manchester M1 2JW

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

1

October 2018

IER

Give here brief details of N/A. any items that the examiner wishes to disclose .

2

October 2018

IER

==> picture [202 x 51] intentionally omitted <==

Trustees’ Annual Report for the period

From 17/10/2022 Period start date To 16/10/2023 Period end date

Charity name: Rosemary and David Coveney Charitable Trust

Charity registration number: 1173068

Objectives and Activities

SORP reference
Summary of
the
purposes of
the charity
as set out in
its
governing
document		 Para 1.17
Summary of
the main
activities in
relation to
those
purposes
for the
public
benefit, in
particular,
the
activities,
projects or
services
identified in
the
accounts.		 Para 1.17 and 1.19 Grant-making to pursue the Objects
Statement
confirming
whether the
trustees
have had
regard to
the
guidance
issued by
the Charity
Commission
on public
benefit		 Para 1.18 Yes

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Made donations from income to the East
Cheshire Hospice, specialising in palliative
cancer care, in line with the objects of the
charity and benefiting local cancer patients.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set

Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Financial position is stable, with assets of
£275k (cost basis) and cash of £45k
comparable to the prior year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Cash is held for investment opportunity and
to enable grant-making. Investments are
held to generated income for grant-making.
Amount of reserves held Para 1.22 Cash at year end of £45k
Reasons for holding zero
reserves		 Para 1.22 N/a
Details of fund materially in
deficit		 Para 1.24 N/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/a
Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 Details of fund materially in
deficit
Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23		 N/a
N/a
Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of
charity’s trusts:		 Charitable Trust
Type of governing
document
(trust deed, royal
charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Trust
Trustee selection
methods including
details of any
constitutional
provisions e.g.
election to post or
name of any person
or body entitled to
appoint one or more
trustees		 Para 1.25

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Rosemary and David Coveney Charitable Trust
Other name the charity uses N/a
Registered charity number 1173068
Charity’s principal address The White Cottage
Parkfield Road
Knutsford
Cheshire
WA16 8NP

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)
David Coveney
Paul Coveney
Nicola Coveney

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Additional information (optional)
Names and addresses of advisers (Optional information)		 Additional information (optional)
Names and addresses of advisers (Optional information)		 Additional information (optional)
Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Paul Coveney Position (eg Secretary, Trustee Chair, etc) Date 01/07/2024

==> picture [109 x 46] intentionally omitted <==