COVENT GARDEN AREA TRUST
The Covent Garden Area Trust is a charity set up on the abolition of the Greater London Council. Its objects include the conservation of the Covent Garden Area, its architectural character, its buildings and features of historical or architectural interest. By virtue of its 150 year lease, it exercises powers over changes of use and alterations to key buildings known as "the Protected Lands".
Financial health, per its FY2025 accounts
The accounts state that the charity's finances are in a stable position, with unrestricted reserves increasing to £633,779 from £563,458 in the prior year. The charity reported a net income surplus of £70,321, driven by increased ground rent income which offset decreases in application fees. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“A full review of the reserves and reserves policies are shown in the Chairman's Statement on pages 1 to 6.” — page 11
Property (HM Land Registry)
Trustees
- Andrew Christopher Caruso
- Christopher John Mason
- Elizabeth Ann Bax
- Faye Watson Davies
- Iain Mitchell
- Imran Tunio
- JOANNA LOUISE CHAMBERS
- James Francis Patrick Monahan
- Jeannine Saba
- Margaret Dyke Coomes
- Mark O'Mullane
- Mark Shearer
- Paul Velluet
- Peter James Scutt
- Stewart Carroll
- Terence Alban Sharrott
- Thomas Robert Campbell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £193k | £123k |
| 31/03/2024 | £178k | £129k |
| 31/03/2023 | £153k | £104k |
| 31/03/2022 | £144k | £87k |
| 31/03/2021 | £123k | £56k |
Common questions
Is COVENT GARDEN AREA TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity's finances are in a stable position, with unrestricted reserves increasing to £633,779 from £563,458 in the prior year. The charity reported a net income surplus of £70,321, driven by increased ground rent income which offset decreases in application fees. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Ferguson Maidment & Co..
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 1 | £523k |
| THE FIDELITY UK FOUNDATION | 1 | £400k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE LINBURY TRUST | 1 | £190k |
| THE COMPANY OF CHARTERED ARCHITECTS CHARITABLE TRUST FUND | 1 | £100k |
| CHAPMAN CHARITABLE TRUST | 1 | £2k |
Charities like this
- LONDON HISTORIC PARKS AND GARDENS TRUST
- THE HAMPSTEAD GARDEN SUBURB TRUST LIMITED
- TEMPLE BAR TRUST
- CHISWICK HOUSE AND GARDENS TRUST
- LANDGUARD AND FELIXSTOWE CONSERVATION TRUST
- GUITING MANOR AMENITY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| COVENT GARDEN AREA TRUST | £193k | — | 0 | unclear | — | no doubt |
| LONDON HISTORIC PARKS AND GARDENS TRUST | £269k | — | 0 | unclear | — | no doubt |
| THE HAMPSTEAD GARDEN SUBURB TRUST LIMITED | £1.9m | — | — | unclear | — | no doubt |
| TEMPLE BAR TRUST | £152k | — | 0 | above | — | no doubt |
| CHISWICK HOUSE AND GARDENS TRUST | £3.2m | £70,001 - £80,000 | — | unclear | — | no doubt |
| LANDGUARD AND FELIXSTOWE CONSERVATION TRUST | £214k | — | 0 | unclear | — | no doubt |