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← The Rosemary And David Coveney Charitable Trust

2024-10-16-accounts

Trustees’ Annual Report for the period

From 17/10/2023 Period start date To 16/10/2024 Period end date

Charity name: The 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 The Objects are:
(a)
the advancement of health and the saving of lives and the relief of those in need by
reason of
ill health by promoting study and research
into the nature, causes,
diagnosis, prevention, treatment and care of all forms of cancer, provided that the
useful results ofsuch studyand research are disseminated to the public at large;
(b)
the relief of those in need by reason of ill health by providing financial support and
assistance to charities and other organisations
(in
particular,
but not limited
to
hospices) providing care, facilities, support services and equipment to those affected
by cancer, togetherwith their families and carers; and
(c)
to promote such purposes which are exclusively charitable under the laws of England
and Wales as the Trustees shall at their absolute discretion determine.
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
£300k (cost basis) and cash of £46k
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 £46k
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

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 Charitable Trust Charitable Trust
charity’s trusts:
Type of governing Para 1.25 Trust Deed
document
(trust deed, royal
charter)
How is the charity Para 1.25 Charitable Trust
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 44 Future Trustees must be
methods including
details of any		 4.5 Every future Trustee must
before he orshemay act
constitutional
provisions e.g.
election to post or
name of any person
or body entitled to
appoint one or more
trustees

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(if any)
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)

Type of Name Address
adviser

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) ~~(i~~ Full name(s) Paul Coveney Position (eg Secretary, Trustee Chair, etc) ~~——~~ Date 01/08/2025 ~~fF~~

The Rosemary and David Coveney Charitable Trust 1173068 Receipts and payments accounts CC16a For the period 17/10/2023 16/10/2024 To from ~~<<<~~ Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts Investment income (dividends) 13,977 - - 13,977 10,526 Interest (HL) 489 - - 489 234 Donation from D Coveney (22/12/2023) 10,000 - - 10,000 15,000 Donation from D Coveney (07/03/2024) 5,000 - - 5,000 - - - - - - - - - - - - - - - ~~Sub total (Gross income for~~ AR) [ 29,466 ] - - 29,466 25,761 ~~=—===>=~~ A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - Total receipts 29,466 - - 29,466 25,761 ~~S55~~ A3 Payments Donation to East Cheshire Hospice (01/02/24) 2,000 - - 2,000 6,000 Payment - accounts 8/11/24 480 - - 480 Payment - accounts 16/01/24 552 - - 552 - - - - - - - - - - - - - - - - - - - - - - - - Sub total [ 3,032 ] - - 3,032 6,000 ~~=—=====~~ A4 Asset and investment purchases, (see table) Vanguard Funds Plc FTSE Japan Equity UCITS ETF 350 @ 2914.038 10,211 - - 10,211 F&C Investment Trust plc Ordinary 25p 1000 @ 988.7001 9,899 9,899 Great Portland Estates Rights Issue - Interim Line Subscription Payment 3,174 3,174 National Grid Plc Rights issue interim line Subscription Payment 1,877 1,877 - - - - - - - - - - Sub total [ 25,161 ] - - 25,161 - Total payments 28,193 - - 28,193 6,000 Net of receipts/(payments) 1,273 - - 1,273 19,761 A5 Transfers between funds - - - - - A6 Cash funds last year end 45,578 - - 45,578 25,817 Cash funds this year end ~~Ht~~ 46,851 - - 46,851 45,578

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

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use		 (agree balances with receipts and payments
account(s))
Details
RBS Bank
HL Trading account cash
Total cash funds
Details
Details
Compass Group plc Ordinary 11.05p
Diageo plc Ordinary 28 101/108p
F&C Investment Trust Ord 25p
GCP Infrastructure Investments Ltd 1p Shs
Great Portland Estates Ord 15 5/19p
~~Shares~~
Vanguard Funds FTSE Emerging Markets
~~ETF~~
HICL Infrastructure plc ORD GBP0.0001
HSBC Holdings plc Ordinary USD0.50
Legal & General Group plc Ord 2.5p
~~Shares~~
M&G plc ORD GBP0.05
Mondi Plc Ordinary Eur0.20
National Grid Ord 12, 204/473p
Prudential plc Ordinary 5p
Rio Tinto plc Ordinary 10p
Unilever plc Ordinary 3.11p
United Utilities Group Plc Ordinary 5p
Vanguard Funds plc FTSE Dev Asia
~~Pacific~~
Vanguard Funds plc S&P 500 ETF
~~USD(GBP~~
Vanguard Funds plc FTSE Japan Equity
Details		 Unrestricted
funds
to nearest £
27,968
18,883
-
46,851
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Fund to which
asset belongs		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
9,921
18,201
17,439
7,542
19,403
21,478
18,310
17,774
3,525
24,356
10,163
32,040
19,139
15,431
15,914
10,163
14,992
14,648
10,211
Cost (optional)
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Current value
(optional)
- -
- -
- -
- -
- -

Details

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 ~~Vfiter|~~ Paul Coveney 10-Aug-25

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ The Rosemary and David Coveney Charitable Trust The Rosemary and David Coveney Charitable Trust
members of
On accounts for the year 16/10/2024 Charity no 1173068
ended (if any)
Set out on pages 2-13
(

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 16 / 09 / 2024.

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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) 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 / 2025 ~~|~~

|Signed:||Date:
~~|~~|08 / 08 / 2025
~~|~~| |---|---|---|---| |||~~|~~|~~|~~| |Name:Tom Wilcox
~~Ps~~|||| |Relevant professional|FMAAT FCIE||| |qualification(s) or body|||| |(if any):|||| ||||| ||Counterculture Partnership LLP||| ||23 St Leonards Road||| |Address:|Bexhill||| ||East Sussex||| ||TN40 1HH|||

1

October 2018

IER

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).

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

2

October 2018

IER