THE WATFORD FULLER FOUNDATION
Making Education Grants to Watford Grammar School for Boys
Objects
THE TRUSTEES SHALL STAND POSSESSED OF THE ENDOWMENT FUND AND OF ALL OTHER MONEY AND PROPERTY WHICH MAY BE PAID OR TRANSFERRED TO THEM UPON TRUST TO APPLY THE SAME AND INCOME FROM THE ENDOWMENT FUND TO ADVANCE THE EDUCATION OF THE PUPILS OF THE SCHOOL BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATIONAL RECREATIONAL AND OTHER CHARITABLE FACILITIES IN AUGMENTATION OF SUCH FACILITIES FINANCE BY THE STATUTORY BODY WHICH MAINTAINS THE SCHOOL FOR THE TIME BEING AND IN FURTHERANCE OF THIS OBJECT BUT NOT FURTHER OR OTHERWISE THE TRUSTEES MAY UNDERTAKE ACTIVITIES WHICH PROMOTE THE CHARITABLE WORK OF THE SCHOOL AND FURTHER THE EDUCATION AND ADVANCEMENT IN LIFE OF THE PUPILS.1. TO APPLY SUCH SUM OR SUMS AS THE TRUSTEES THINK FIT FROM TIME TO TIME FROM THE NET ANNUAL INCOME AND OR CAPITAL OF THE ENDOWMENT FUND IN SUPPORTING THE SCHOOL AND IN PARTICULAR TO DEVELOP AND MAINTAIN THE FABRIC AND AMENITIES OF THE SCHOOL.2. TO APPLY SUCH SUM OR SUMS AS THE TRUSTEES THINK FIT FROM TIME TO TIME IN ONE OR MORE OF THE FOLLOWING WAYS:1. IN AWARDING TO PUPILS OF THE SCHOOL GRANTS OR MAINTENANCE ALLOWANCES TO ENABLE THEM TO TRAVEL WHETHER IN THE UNITE KINGDOM OR ABROAD IN FURTHERANCE OF THEIR EDUCATION;2. IN OTHERWISE FURTHERING THE EDUCATION OF SUCH PERSONS.3. TO APPLY SUCH SUM IN WHATEVER CHARITABLE WAYS THAT THE TRUSTEES CONSIDER PROMOTE THE WELL BEING OF THE SCHOOL AND THE EDUCATION AND WELFARE OF THE PUPILS AND STAFF AT THE SCHOOL.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £2,067,604, which exceeds the trustees' stated policy target of retaining a minimum of £1m. The charity reported a net decrease in funds of £126,360 for the year, primarily driven by grant expenditures of £248,000 against total income of £170,250. The auditors confirmed that the financial statements give a true and fair view and reported nothing regarding material uncertainties about the charity's ability to continue as a going concern.
What the accounts disclose
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
Trustees
- Amlan Kumar Shome
- Andrew William Speirs
- MR TIM COSGROVE
- PAUL GERALD SHEARRING
- Peter Nunn
- Rajesh Gordhandas Dawda
- TIMOTHY SIMON CONSTABLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £170k | £263k |
| 31/03/2024 | £225k | £382k |
| 31/03/2023 | £179k | £204k |
| 31/03/2022 | £200k | £205k |
| 31/03/2021 | £200k | £181k |
Common questions
Is THE WATFORD FULLER FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £2,067,604, which exceeds the trustees' stated policy target of retaining a minimum of £1m. The charity reported a net decrease in funds of £126,360 for the year, primarily driven by grant expenditures of £248,000 against total income of £170,250. The auditors confirmed that the financial statements give a true and fair view and reported nothing regarding material uncertainties about the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Myers Clark.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £500k |
| RANDEREE CHARITABLE TRUST | 1 | £125k |
| THE EXILARCH'S FOUNDATION | 1 | £116k |
| THE HUMANITARIAN TRUST | 1 | £97k |
| SHORESH CHARITABLE TRUST (DR RUTH BORCHARD GIFT) | 1 | £74k |
| THE IAN KARTEN CHARITABLE TRUST | 1 | £62k |
| THE SIR SIGMUND STERNBERG CHARITABLE FOUNDATION | 1 | £51k |
| THE DAWES TRUST | 1 | £43k |
Charities like this
- WOODROFFE BENTON FOUNDATION
- THE WATFORD GRAMMAR SCHOOLS FOUNDATION
- THETFORD EDUCATIONAL FOUNDATION TRUST
- WOOLF INSTITUTE
- THE WHITWORTH CENTRE
- The WFH Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WATFORD FULLER FOUNDATION | £170k | — | 0 | unclear | — | no doubt |
| WOODROFFE BENTON FOUNDATION | £263k | — | 0 | unclear | — | no doubt |
| THE WATFORD GRAMMAR SCHOOLS FOUNDATION | £70k | — | 0 | unclear | — | no doubt |
| THETFORD EDUCATIONAL FOUNDATION TRUST | £79k | — | 0 | unclear | — | no doubt |
| WOOLF INSTITUTE | £835k | — | — | unclear | — | no doubt |
| THE WHITWORTH CENTRE | £140k | — | 0 | unclear | — | no doubt |