THE COVERDALE FOUNDATION
We support a limited number of beneficiaries through long-term relationships. We regret that we are unable to consider or acknowledge new requests for funding.
Objects
TO RELIEVE POVERTY AND TO PRESERVE AND PROTECT GOOD HEALTH ANYWHERE IN THE WORLD FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT EXCLUSIVELY OF THOSE WHO ARE HOMELESS OR AT RISK OF BEING MADE HOMELESS THROUGH THE PROVISION OF ACCOMMODATION AND SUPPORT TO THEM.
Financial health, per its FY2025 accounts
The accounts state that total net assets increased to £3,092,723, with free reserves reaching £1,786,511. The trustees note that income from the sole donor is expected to cease in the foreseeable future, prompting a policy of progressively growing reserves to ensure long-term financial sustainability. The independent examiner confirmed that no material matters came to their attention during the examination.
What the accounts disclose
“The Trustees have adopted a policy of progressively growing reserve levels in advance of this change, with the aim of ensuring that sufficient investment income can be generated to support ongoing grant‑making activities once donor income has ceased. Rather than setting a fixed short‑term benchmark, the Trustees keep the appropriate level of reserves under regular review”
“Gillian & Philip Thornley, both trustees, are directors of Cotswolds Medicals Limited (“CML”). During the year CML donated £855,000 (2024: £908,000) to the charity.” — page 14
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Serious incident reporting policy and procedures
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Dr PHILIP THORNLEY MBCHBchair
- GILLIAN THORNLEY
- REBECCA Gamston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £883k | £478k |
| 30/06/2024 | £922k | £308k |
| 30/06/2023 | £950k | £147k |
| 24/06/2022 | £250k | £56k |
| 24/06/2021 | £249k | £125k |
Common questions
Is THE COVERDALE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total net assets increased to £3,092,723, with free reserves reaching £1,786,511. The trustees note that income from the sole donor is expected to cease in the foreseeable future, prompting a policy of progressively growing reserves to ensure long-term financial sustainability. The independent examiner confirmed that no material matters came to their attention during the examination. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| PRISM THE GIFT FUND | 1 | £219k |
| NFL FOUNDATION UK | 1 | £12k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |
| BOLTON COMMUNITY AND VOLUNTARY SERVICES | 1 | £5k |
| Evergreen Care UK | 1 | £500 |
Charities like this
- THE BLAKEY FOUNDATION
- FOUX FOUNDATION
- THE CSJ FOUNDATION
- RCCG SURE FOUNDATION ASSEMBLY
- THE HARDY FOUNDATION
- THE GENERATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COVERDALE FOUNDATION | £883k | — | 0 | unclear | — | no doubt |
| THE BLAKEY FOUNDATION | £271k | — | 0 | unclear | — | no doubt |
| FOUX FOUNDATION | £200k | — | 0 | unclear | — | no doubt |
| THE CSJ FOUNDATION | £2.1m | — | — | unclear | — | no doubt |
| RCCG SURE FOUNDATION ASSEMBLY | £213k | — | 0 | above | — | no doubt |
| THE HARDY FOUNDATION | £2.8m | — | 0 | unclear | — | no doubt |