## **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. - **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** 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: - 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. * _Please delete the words in the brackets if they do not apply._ **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**