WATES FAMILY ENTERPRISE TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust ended the year with an unrestricted surplus of £869,009 and confirmed adequate resources to continue as a going concern. The Trust relies on annual funding agreements with the Wates Group, which it identifies as a key risk due to the uncertainty of future income levels.
What the accounts disclose
“In the period, one employee received remuneration above £60,000 (2023: 1) in the bracket of £90,000 to £100,000.”
“In the period, one employee received remuneration above £60,000 (2023: 1) in the bracket of £90,000 to £100,000.”
“The policy of limiting levels of forward commitments for new awards remains at 30% of the current year’s grant budget.”
“£2,000 (2023: £nil) to Surrey Community Foundation of which Andrew Wates is Vice President” — page 28
“£10,000 (2023: £10,000) to Forum for the Future of which Jonathan Wates is a trustee.” — page 28
“£2,000 (2023: £nil) to Surrey Community Foundation of which Andrew Wates is Vice President” — page 28
“£10,000 (2023: £10,000) to Forum for the Future of which Jonathan Wates is a trustee.” — page 28
“£2,000 (2023: £nil) to Surrey Community Foundation of which Andrew Wates is Vice President” — page 28
“£10,000 (2023: £10,000) to Forum for the Future of which Jonathan Wates is a trustee.” — page 28
“£2,000 (2023: £nil) to Surrey Community Foundation of which Andrew Wates is Vice President” — page 28
“£10,000 (2023: £10,000) to Forum for the Future of which Jonathan Wates is a trustee.” — page 28
Year-over-year changes
- Top pay band moved from £90,000 - £100,000 (FY2022) to £90,001 - £100,000 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- TIM WATESchair
- ANDREW TRACE ALLAN WATES
- ANDY WATES
- CHARLES WILLIAM RANDAG WATES
- JONATHAN GILES MACARTNEY WATES
- MICHAEL EDWARD WATES
- PAUL CHRISTOPHER RONALD WATES
- Sir JAMES GARWOOD MICHAEL WATES CBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.7m |
| 31/12/2023 | £1.5m | £1.6m |
| 31/12/2022 | £1.5m | £1.2m |
| 31/12/2021 | £826k | £683k |
| 31/12/2020 | £832k | £688k |
Common questions
Is WATES FAMILY ENTERPRISE TRUST financially healthy?
The accounts state that the Trust ended the year with an unrestricted surplus of £869,009 and confirmed adequate resources to continue as a going concern. The Trust relies on annual funding agreements with the Wates Group, which it identifies as a key risk due to the uncertainty of future income levels. Its FY2024 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of WATES FAMILY ENTERPRISE TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BELLASIS TRUST | 1 | £1k |
| THE HSWJ TRUST | 1 | £750 |