WATFORD AND THREE RIVERS TRUST
Strengthening Watford's voluntary sector through leadership, support, advice and example.
Objects
THE PROMOTION OF ANY CHARITABLE PURPOSES FOR THE BENEFIT OF THE COMMUNITY IN THE BOROUGH OF WATFORD OR THE DISTRICT OF THREE RIVERS OR THEIR SURROUNDING AREAS, AND IN PARTICULAR THE ADVANCEMENT OF EDUCATION, THE PROTECTION OF HEALTH AND THE RELIEF OF POVERTY, DISTRESS AND SICKNESS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit on the year of £53,620, resulting in a decrease in net assets to £985,176. Despite this deficit, the Trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future, with unrestricted reserves held at £729,025. The auditor confirmed that the going concern basis of accounting is appropriate and identified no material uncertainties regarding the charity's ability to continue.
What the accounts disclose
“Income from charitable activities totalled £4,054,820 (2024: £3,183,302) and the largest component of this is project grants of £3,753,661” — page 7
“The Trustees have agreed that W3RT should hold General Fund Reserves between one third of annual running costs and that amount required to meet W3RT's reasonable cash flow needs for the coming twelve months while holding at least £50,000 for contingency. For 2024-25 this sets a reserve of between £50,000 and £1,508,252.” — page 6
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- 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
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (18/06/2025)
Trustees
- Syd Nadimchair
- Aga Dychton
- David Rees
- Deborah Keeping
- Harjit Singh Grewal DL
- Kara Mesiano
- MOHAMMAD KHALEEL CHOWDHREE
- Rachel Fowler
- Simon Alexander Mitchell
- Stephen McNicholas
- Visuwanathan Easwarakumar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.5m | £4.5m |
| 31/03/2024 | £3.5m | £3.4m |
| 31/03/2023 | £3.6m | £3.3m |
| 31/03/2022 | £3.4m | £3.3m |
| 31/03/2021 | £2.4m | £2.3m |
Common questions
Is WATFORD AND THREE RIVERS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit on the year of £53,620, resulting in a decrease in net assets to £985,176. Despite this deficit, the Trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future, with unrestricted reserves held at £729,025. The auditor confirmed that the going concern basis of accounting is appropriate and identified no material uncertainties regarding the charity's ability to continue. Its FY2025 accounts were audited by Gowers Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/03/2026 | £20k | Dig Deep strengthening communities from the ground up |
| The National Lottery Community Fund | 22/11/2018 | £309k | Neighbours Together |
| The National Lottery Heritage Fund | 18/07/2017 | £10k | "Sharing is Caring: Enabling resilience in older people" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SOCIETY OF THE HOLY CHILD JESUS CIO | 1 | £15k |
| CROXLEY GREEN BAPTIST CHURCH | 1 | £4k |
| PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT JOHN THE APOSTLE & EVANGELIST, WATFORD | 1 | £143 |
Charities like this
- WATFORD AND THREE RIVERS REFUGEE PARTNERSHIP
- WATFORD WOMEN'S CENTRE
- THE WATFORD FULLER FOUNDATION
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORD
- WATFORD FC'S COMMUNITY SPORTS & EDUCATION TRUST
- WATFORD FOODBANK AND COMMUNITY RELIEF TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WATFORD AND THREE RIVERS TRUST | £4.5m | — | 0 | unclear | — | no doubt |
| WATFORD AND THREE RIVERS REFUGEE PARTNERSHIP | £135k | — | 0 | unclear | — | no doubt |
| WATFORD WOMEN'S CENTRE | £575k | — | 0 | unclear | — | no doubt |
| THE WATFORD FULLER FOUNDATION | £170k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORD | £349k | — | 0 | above | — | no doubt |
| WATFORD FC'S COMMUNITY SPORTS & EDUCATION TRUST | £3.0m | — | 0 | unclear | — | no doubt |