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".
Objects
(1) TO ACQUIRE FROM THE LONDON RESIDUARY BODY A FREEHOLD OR LEASEHOLD INTEREST OR INTERESTS IN CERTAIN PROPERTIES SITUATED IN THE AREA OF CENTRAL LONDON BOUNDED BY KINGSWAY, ALDWYCH, HIGH HOLBORN, SHAFTESBURY AVENUE, CHARING CROSS ROAD AND THE STRAND FOR THE PURPOSE OF CARE, CONSERVATION, MAINTENANCE, PROTECTION AND ENHANCEMENT OF THE PROPERTIES. (2) THE CONSERVATION OF TH COVENT GARDEN AREA AND ITS ARCHITECTURAL CHARACTER, ITS BUILDINGS AND FEATURES OF HISTORICAL OR ARCHITECTURAL INTEREST AND THE DEVELOPMENT OF ITS SPECIAL QUALITIES IN THE PUBLIC INTEREST INCLUDING THE PRESERVATION OF THE MIX OF RESIDENTIAL, BUSINESS AND OTHER USES WHICH CHARACTERISES THE AREA. FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM.
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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 LINBURY TRUST | 1 | £250k |
| THE FOYLE FOUNDATION | 1 | £200k |
| 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 | £60,000-£70,000 | — | above | — | no doubt |
| TEMPLE BAR TRUST | £152k | — | 0 | above | — | no doubt |
| CHISWICK HOUSE AND GARDENS TRUST | £3.2m | — | — | unclear | — | no doubt |
| LANDGUARD AND FELIXSTOWE CONSERVATION TRUST | £214k | — | 0 | unclear | — | no doubt |