THE WATSON HOPE FOUNDATION
General charitable purposes. Trustees Do Not accept any unsolicited applications
Objects
AS PER OBJECTS IN DEED Û STANDARD OBJECTS ARE :THE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF SUCH CHARITIES OR SUCH EXCLUSIVELY CHARITABLE PURPOSES ACCORDING TO THE LAWS OF ENGLAND AND WALES IN ANY PART OF THE WORLD (OBJECTS) AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2026 accounts
The Watson Hope Foundation held free reserves of £25,398 at the end of the reporting period, an increase from the previous year's £10,167. The charity also maintained bank balances of £13,982 and held investments valued at £824,238 within its expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks.
What the accounts disclose
“Income From Investments Interest Received Addition to Trust HMRC Gift Aid”
“The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.”
“Ludlow Trust Company Ltd was paid £6,924 for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“Debra Irving is a trustee of First Stop Darlington and therefore Debra’s Husband Russell Irving is also conflicted therefore they took no part in the decision to award the Grant totaling £20,000 to First Stop Darlington.”
“Ludlow Trust Company Ltd was paid £6,924 for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed.”
“Debra Irving is a trustee of First Stop Darlington and therefore Debra’s Husband Russell Irving is also conflicted therefore they took no part in the decision to award the Grant totaling £20,000 to First Stop Darlington.”
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
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Debra Irving
- Joshua Irving
- LUDLOW TRUST COMPANY LTD
- RUSSELL IRVING
- Rebecca Irving
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 06/01/2026 | £63k | £50k |
| 06/01/2025 | £36k | £43k |
| 06/01/2024 | £15k | £58k |
| 06/01/2023 | £8k | £30k |
| 06/01/2022 | £22k | £27k |
Common questions
Is THE WATSON HOPE FOUNDATION financially healthy?
Per its FY2026 accounts: The Watson Hope Foundation held free reserves of £25,398 at the end of the reporting period, an increase from the previous year's £10,167. The charity also maintained bank balances of £13,982 and held investments valued at £824,238 within its expendable endowment fund. The trustees pursue a policy of maintaining free reserves to cover future needs, opportunities, contingencies, and risks. Its FY2026 accounts were independently examined.