THE COVERDALE FOUNDATION

Registered charity 1154598 · accounts filings on the Charity Commission register

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.

Area of benefit: WORLDWIDE

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Accommodation/housing · Religious Activities · Grant history (this charity is a funder) · Get email alerts

Latest income
£883k
Latest spending
£478k
Registered
2013
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: progressively growing reserve levels to ensure sufficient investment income can be generated to support ongoing grant-making activities once donor income has ceased, with no fixed short-term benchmark (held: £1.8m)
“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”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Cotswolds Medicals Limited, a company where trustees Gillian & Philip Thornley are directors, donated £855,000 to the charity.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

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).

Per its annual return, largest income source: Donations and legacies (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.1% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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?

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

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

Charities like this

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

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE COVERDALE FOUNDATION£883k—0unclear—no doubt
THE BLAKEY FOUNDATION FY2025£271k—0unclear—no doubt
FOUX FOUNDATION FY2025£200k—0unclear—no doubt
THE CSJ FOUNDATION FY2025£2.1m——unclear—no doubt
RCCG SURE FOUNDATION ASSEMBLY FY2025£213k—0above—no doubt
THE HARDY FOUNDATION FY2024£2.8m—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.