**Independent examiner's report on the accounts**
## **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.
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
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**
## **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
**Rosemary and David Coveney Charitable Trust**
**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**
## **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.
- **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
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**
## **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)**|
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|**Type of**
**adviser**
**Name**
**Address**|||
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|**Name of chief executive or names of senior staff members (Optional information)**|||
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## **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