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

WATFORD NEW HOPE TRUST

Registered charity 1080784 · accounts filings on the Charity Commission register

Watford New Hope Trust exists to serve homeless and vulnerably-housed people by providing accommodation and opportunities to rebuild damaged lives.

Objects

TO MAINTAIN ENHANCE AND PROMOTE THE CHRISTIAN FAITH BY ANY MEANS THAT ARE EXCLUSIVELY CHARITABLE INCLUDING THE RELIEF OF POVERTY AND DISTRESS AMONG THE PEOPLES OF THE WORLD AND IN PARTICULAR THE PEOPLES IN THE AREA OF WATFORD HERTFORDSHIRE THE PROVISION OF ACCOMMODATION MATERIAL FINANCIAL AND OTHER ASSISTANCE THE ADVANCEMENT OF EDUCATION THE PROTECTION AND PRESERVATION OF MENTAL HEALTH AND SUCH OTHER CHARITABLE MEANS BENEFICIAL TO THE COMMUNITY AS DO NOT FALL UNDER ANY OF THE PRECEDING OBJECTS

Area of benefit: WATFORD HERTFORDSHIRE

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

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · website · Get email alerts

Registered contact address: Watford, East of England, England (from the postcode on the register)

Latest income
£3.0m
Latest spending
£3.6m
Registered
2000
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a year-end deficit of £575,645, primarily due to a one-off capital purchase of a freehold building. Excluding this capital expenditure, the charity achieved an operations surplus of £101,904, demonstrating continued financial resilience. The charity maintains free reserves of £642,995, which is slightly above its stated policy target of approximately three months of budgeted annual expenditure (£641,635).

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

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“During 2025 one employee earned in the bracket between £70,000 and £80,000, excluding company pensions”
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“During 2025 one employee earned in the bracket between £70,000 and £80,000, excluding company pensions (2024: one employee earned in the bracket between £60,000 and £70,000.”
Per its FY2025 accounts as filed with the Charity Commission.
Fundraising cost ratio: 21.3% of fundraised income, as disclosed
“This year, the Fundraising and Communications Team raised £818,663 for the work of New Hope with costs of £174,098.”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of budgeted annual expenditure (reserves figure: £643k)
“The trustees have agreed to maintain a free reserves level of approximately three months of budgeted annual expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 16 Related Party Transactions
“Donations received from trustees and other charities for which trustees act totalled £7,998 (2024: £10,710) during the reporting period.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: New Hope Retail Limited
“The charity set up a wholly owned trading company, New Hope Retail Limited, in June 2011.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Dux Advisory Limited. Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

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.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/03/2025

  • Volunteers: 200
  • Government income: £1,247,073 — contracts £1,201,301 (3), grants £45,772 (3); 42% of the £2,993,323 total gross income on the same return
  • Employees paid over £60,000: 2 (£60,001–£70,000: 1; £70,001–£80,000: 1)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/03/2024

  • Volunteers: 200
  • Government income: £818,708 — contracts £775,677 (5), grants £43,031 (2); 23% of the £3,590,288 total gross income on the same return
  • Employees paid over £60,000: 1 (£70,001–£80,000: 1)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/03/2023

  • Volunteers: 200
  • Government income: £740,348 — contracts £619,024 (3), grants £121,324 (4); 30% of the £2,484,343 total gross income on the same return
  • Employees paid over £60,000: 1 (£70,001–£80,000: 1)
  • Has a trading subsidiary

Source: this charity’s annual returns on the Charity Commission register.

Corporate structure

NEW HOPE RETAIL LTD — per its own Companies House accounts

    Public fundraising profile: JustGiving — New Hope (matched by registered charity number).

    Leadership, per the charity’s website

    Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

    Funders the charity credits

    Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

    Company officers (Companies House)

    Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

    Official officers record.

    Property (HM Land Registry)

    5 registered titles in England and Wales held by the charity’s company or corporate body (5 freehold); recorded price paid £2.1m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

    Public profiles (found on the charity’s own website): facebook · instagram

    Structured financials (annual return, FY ending 31/03/2025)

    Total income
    £3.0m
    Total spending
    £3.6m
    Cost of raising funds
    £326k
    Reserves (reported)
    £642k
    Employees
    43

    Reported reserves equal ~2.2 months of spending — in the bottom quarter for charities its size (median 4.7 months; benchmarks).

    Per its annual return, largest income source: Charitable activities (57% 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: 10.9% of total income — above the median for charities its size (5.3%) (benchmarks).

    Register events

    Trustees · trustee networks

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

    Operates in: Hertfordshire

    Income and spending

    Financial year endIncomeSpending
    31/03/2025£3.0m£3.6m
    31/03/2024£3.6m£2.7m
    31/03/2023£2.5m£2.3m
    31/03/2022£2.0m£2.2m
    31/03/2021£2.4m£2.4m

    Common questions

    Is WATFORD NEW HOPE TRUST financially healthy?

    Per its FY2025 accounts: The accounts state that the charity reported a year-end deficit of £575,645, primarily due to a one-off capital purchase of a freehold building. Excluding this capital expenditure, the charity achieved an operations surplus of £101,904, demonstrating continued financial resilience. The charity maintains free reserves of £642,995, which is slightly above its stated policy target of approximately three months of budgeted annual expenditure (£641,635). Its FY2025 accounts were audited by Dux Advisory Limited.

    What does the highest-paid employee of WATFORD NEW HOPE TRUST earn?

    Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

    Who funds WATFORD NEW HOPE TRUST?

    Funders whose own accounts filings name WATFORD NEW HOPE TRUST as a grant recipient include THE SHANLY FOUNDATION, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOOD, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORD, BUSHEY BAPTIST CHURCH.

    Known funders

    Grants to this charity found in funders’ own accounts filings.

    FunderYearAmountPurpose (as stated by the funder)
    THE SHANLY FOUNDATIONFY2025Unverified read£15k
    THE SHANLY FOUNDATIONFY2024£10k
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOODFY2022£5k
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORDFY2024£5kRelated party transaction / Grant to organisation where PCC member has close connection
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOODFY2021£4k
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORDFY2025£4k
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOODFY2023£3k
    BUSHEY BAPTIST CHURCHFY2021£3k
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORDFY2022£2kRelated party donation/grant
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORDFY2023£2kRelated party transaction (PCC member connection)
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOODFY2024amount not stated
    THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOODFY2025amount not stated

    Grants marked “Unverified read” were flagged by automated checks as possibly misread from the funder’s filed accounts. They are listed, but left out of the totals, counts and funder relationships this site computes.

    Government & lottery funding

    Grants to this charity published as open data by government and lottery funders (360Giving).

    FunderDateAmountPurpose
    Crowdfunder30/12/2022£5kLocal Action Fund

    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
    UBS UK Donor-Advised Foundation1£88k
    CHARITY OF SIR RICHARD WHITTINGTON1£77k
    TALBOT VILLAGE TRUST1£40k
    THE JOSEPH RANK TRUST1£25k
    THE BEATRICE LAING TRUST1£25k
    St Andrews Chorleywood PCC1£24k
    THE BALLINGER CHARITABLE TRUST1£20k
    THE MAURICE AND HILDA LAING CHARITABLE TRUST1£18k

    Charities like this

    Semantically similar by activities and financial character, from our analysed corpus. Compare with NEW HOPE.

    Side by side with its peers

    CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
    WATFORD NEW HOPE TRUST£3.0m£70,001 - £80,0001above21.3%no doubt
    NEW HOPE FY2025£93k——above—no doubt
    NEW HOPE NORTH EAST FY2025£96k—0above—no doubt
    NEW HOPE WORCESTERSHIRE FY2025£48k—0unclear—no doubt
    RENEWED HOPE TRUST FY2025£303k—0within—no doubt
    HOPE HOUSING (BRADFORD) LTD FY2025£955k—0below—no doubt

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