Charity Accounts Intelreading the accounts so you don’t have to

THE COVERDALE FOUNDATION

Registered charity 1154598 · accounts filings on the Charity Commission register

Latest income
£883k
Latest spending
£478k
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total net assets increased to £2,624,077, with free reserves rising to £1,221,142. This level of free reserves meets the trustees' stated policy requirement of approximately three months' routine general fund expenditure plus project commitments. The charity reports no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure plus committed future expenditure (held: £1.2m)
“The Trustees consider that, given the nature of the Charity’s work, free reserves should be equivalent to approximately 3 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Cotswolds Medicals Limited, a company where trustees Gill & Phil Thornley are directors, donated £908,000 to the charity during the period.
“Gill & Phil Thornley, both trustees, are directors of Cotswolds Medicals Limited (“CML”). During the period CML donated £908,000 (2023: £950,000) to the charity and loaned £nil (2023: £150,000), which was also the balance at 30 June 2024.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 30/06/2025)

Total income
£883k
Total spending
£478k
Cost of raising funds
£922
Reserves (reported)
£524k
Employees
0

Reported reserves equal ~13.2 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: South Gloucestershire

Income and spending

Financial year endIncomeSpending
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?

The accounts state that total net assets increased to £2,624,077, with free reserves rising to £1,221,142. This level of free reserves meets the trustees' stated policy requirement of approximately three months' routine general fund expenditure plus project commitments. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE GENERATIONAL FOUNDATION1£500k
THE MASTER CHARITABLE TRUST1£323k
NFL FOUNDATION UK1£12k
THE BORROWS CHARITABLE TRUST1£10k
Evergreen Care UK1£500

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE BLAKEY FOUNDATION.