WATES FAMILY ENTERPRISE TRUST

Registered charity 1126007 · accounts filings on the Charity Commission register

Wates Family Enterprise Trust was set up in 2008 to support initiatives that make a real difference to society. It forms a vital part of the Wates Family's commitment to being engaged stewards of a business that combines wealth creation with social responsibility. All the proposals for awards come from the Wates Family and employees, as a result we are unable to accept applications for funding.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Accommodation/housing · Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£1.9m

Latest spending

£1.7m

Registered

2008

Accounts read

FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — in the top quarter for charities its size (median £70k)

“In the period, one employee received remuneration above £60,000 (2023: 1) in the bracket of £90,000 to £100,000.”

Per its FY2024 accounts as filed with the Charity Commission.

Employees paid over £60,000: 1

“In the period, one employee received remuneration above £60,000 (2023: 1) in the bracket of £90,000 to £100,000.”

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: 30% of the current year’s grant budget (held: £869k)

“The policy of limiting levels of forward commitments for new awards remains at 30% of the current year’s grant budget.”

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Andrew Wates is Vice President of Surrey Community Foundation

“£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

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Jonathan Wates is a trustee of Forum for the Future

“£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

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Charles Wates is a governor of Emanuel School

“£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

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: James Wates is a trustee of IFB Research

“£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

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 6 of 6 completeness components.

Corporate structure

Registered company of the charity Companies House 06648896

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.

WATES, Jonathan Giles Macartney — director, appointed 27/02/2024on trustee list
WATES, Charles William Randag — director, appointed 27/02/2024on trustee list
WATES, Andrew Eugene Paul — director, appointed 16/07/2008on trustee list
WATES, James Garwood Michael, Sir — director, appointed 16/07/2008on trustee list
WATES, Paul Christopher Ronald — director, appointed 16/07/2008on trustee list
WATES, Timothy Andrew De Burgh — director, appointed 16/07/2008on trustee list
WATES, Andrew Trace Allan — director, appointed 16/07/2008on trustee list
MALLAM, Felicity Mary — secretary, appointed 25/04/2023

Official officers record.

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1.9m

Total spending

£1.7m

Reserves (reported)

£869k

Employees

6

Reported reserves equal ~6.1 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (98% 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: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

TIM WATESchair · trustee of 1 other charity
ANDREW TRACE ALLAN WATES · trustee of 1 other charity
ANDY WATES · trustee of 1 other charity
CHARLES WILLIAM RANDAG WATES
JONATHAN GILES MACARTNEY WATES
MICHAEL EDWARD WATES · trustee of 1 other charity
PAUL CHRISTOPHER RONALD WATES · trustee of 1 other charity
Sir JAMES GARWOOD MICHAEL WATES CBE · trustee of 1 other charity

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

Operates in: Scotland · Throughout England And Wales

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?

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. 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.

Government & lottery funding

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

Funder	Date	Amount	Purpose
ARCADIA	07/01/2026	£10.0m	Nature-Based Neighbourhoods Grant Programme

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.

Funder	Similar charities funded	Amount to them
WORCESTER MUNICIPAL CHARITIES (CIO)	1	£163k
THE HOPMARKET CHARITY	1	£50k
SPORTS PARTNERSHIP HEREFORDSHIRE AND WORCESTERSHIRE	1	£13k
GOWLING WLG (UK) CHARITABLE TRUST	1	£2k
THE EDWARD AND DOROTHY CADBURY TRUST	1	£1k
THE BELLASIS TRUST	1	£1k
THE HSWJ TRUST	1	£750
THE HISCOX FOUNDATION	1	£0

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with WATES FOUNDATION LIMITED.

WATES FOUNDATION LIMITED income £598k
THE WILLIAM WATES MEMORIAL TRUST income £950k
THE WATSON FAMILY CHARITABLE TRUST income £145k
The Family Trust income £4.8m
THE FAMILY RICH CHARITIES TRUST income £138k
EDWARDS FAMILY CHARITABLE TRUST income £133k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
WATES FAMILY ENTERPRISE TRUST	£1.9m	£90,001 - £100,000	1	above	—	no doubt
WATES FOUNDATION LIMITED FY2024	£598k	—	0	unclear	—	no doubt
THE WILLIAM WATES MEMORIAL TRUST FY2025	£950k	—	0	unclear	—	no doubt
THE WATSON FAMILY CHARITABLE TRUST FY2025	£145k	—	0	unclear	—	no doubt
The Family Trust FY2024	£4.8m	—	0	unclear	—	no doubt
THE FAMILY RICH CHARITIES TRUST FY2024	£138k	—	0	unclear	—	no doubt

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