## ## |Trustees|John Casstles| |---|---| ||Harjit Grewal| ||Steve McNicholas| ||Pam Parmar| ||Alec Ray| ||Syd Nadim| |Honorary Presidents|Dean Russell MP| ||Peter Taylor, elected Mayor of Watford| ||Baroness Thomhill MBE| |Honorary Vice Presidents|Pearline McFarlane| ||Phil Willerton| |Chair|Guy Foxell (retired 18 May 2022)| ||Syd Nadim (from 18 May 2022)| |Vice Chair|Alec Ray| |Treasurer and Company Secretary|John Casstles| |Chief Executive Officer|Bob Jones| |Charity number|1085518| |Company number|4090701| |Principal address and|Holywell Community Centre| |Registered Office|Chaffinch Lane| ||Tolpits Lane| ||Watford| ||Hertfordshire| ||WD18 9QD| |Auditor|Gowers Limited| ||The Old School House| ||Bridge Road| ||Hunton Bridge| ||Kings Langley| ||Hertfordshire| ||WD4 8SZ| WATFORD AND THREE RIVERS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Bankers Lloyds Bonk 32 & 32a Intu Shopping Centre High Street Warford Hertfordshire WD17 2UB CAF Bank 25 Kings Hlll Avenue West M811ing Kenl ME19 4JQ ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds||| |||2022|2022|2022|2021| ||Notes||||| |Income from:|||||| |Donations and legacies|3|132,448|24,012|156,460|313,576| |Charitable activities|5|2,575,211|708,560|3,283,771|2,044,501| |Activities for generating funds|4|857||857|296| |Investment income|6|17||17|| |Total income||2,708,533|732,572|3,441,105|2,358,373| |Expenditure on:|||||| |Fundraising costs|7|20|-|20|20| |Charitable activities|8|2,567,261|694,715|3,261,976|2,313,409| |Total expenditure||2,567,281|694,715|3,261,996|2,313,429| |Net incoming resources before transfers||141,25237,857||179,10944,944|| |Gross transfers between funds||(1,813)1,813|||| |Net income for the year/|||||| |Net incoming resources||139,439|39,670|179,109|44,944| |Other recognised gains and losses|||||| |Actuarial gain on defined benefit pension schemes||11,568||11,568|| |Net movement in funds||151,007|39,670|190,677|44,944| |Fund balances at1April 2021||235,075|119,801|354,876|309,932| |Fund balances at 31 March 2022||386,082|159,471|545,553|354,876| ## |Prior financial year||||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|| |||2021|2021|2021| ||Notes|||| |Income from:||||| |Donations and legacies|3|157,992|155,584|313,576| |Charitable activities|5|1,877,295|167,206|2,044,501| |Activities for generating funds|4|296|-|296| |Total income||2,035,583|322,790|2,358,373| |Expenditure on:||||| |Fundraising costs|7|20|-|20| |Charitable activities|8|2,057,203|256,206|2,313,409| |Total expenditure||2,057,223|256,206|2,313,429| |Net income for the year/||||| |Net incoming resources||(21,640)|66,584|44,944| |Other recognised gains and losses||||| |Net movement in funds||(21,640)|66,584|44,944| |Fund balances at1April 2020||256,715|53,217|309,932| |Fund balances at 31March 2021||235,075|119,801|354,876| ## ## |||20222021|20222021|| |---|---|---|---|---| |Notes||||| |Current assets||||| |Debtors11||316,010|192,579|| |Cash at bank and in hand|1|,307,046|687,812|| ||1|,623,056|880,391|| |Creditors: amounts falling due within||||| |one year12|(1|,073,479)|(504,641)|| |Net current assets||549,577|375,|750| |Provisions for liabilities13||(4,024)|(20,|874)| |Net assets||545,553|354,|876| |Income funds||||| |Restricted funds16159,471119,801||||| |Unrestricted funds||||| |Designated funds18||8,606|8,606|| |General unrestricted funds||381,500|247,343|| |Pension reserve||(4,024)|(20,874)|| |||386,082|235,075|| |||545,553|354,876|| |The Balance Sheet continues on the next page||||| ## ## ## ||||2022||2021|| |---|---|---|---|---|---|---| ||Notes|||||| |Cash flows from operating activities||||||| |Cash generated from operations|21|||619,217||433,947| |Investing activities||||||| |Interest received||17||||| |Net cash generated from/(used in)||||||| |investing activities||||17||| |Net cash used in financing activities||||||| |Net increase in cash and cash equivalents||||619,234||433,947| |Cash and cash equivalents at beginning of year||||687,812||253,865| |Cash and cash equivalents at end of year||||1,307,046||687,812| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|Restricted|Total|Total| |---|---|---|---|---| ||funds|funds|2022|2021| |Donations and other voluntary income|49,275|24,012|73,287|160,631| |Grants receivable for core activities|83,173|-|83,173|152,945| ||132,448|24,012|156,460|313,576| |For the year ended 31 March 2021|157,992|155,584||313,576| |Donations and gifts||||| |Camelot UK Lotteries||||106,292| |Watford Council|2,500|-|2,500|13,500| |Berkeley Homes (North East London)|-|-|-|2,000| |The Childwick Trust|9,720|-|9,720|-| |TKMaxx|6,480|-|6,480|| |Watford Community Housing Trust|6,480|-|6,480|| |Garfield Weston Foundation|10,000|-|10,000|| |Jaspar Foundation|3,600|-|3,600|| |Everyone Active|-|6,450|6,450|-| |Warner Bros|-|2,000|2,000|| |Other|10,495|15,562|26,057|38,839| ||49,275|24,012|73,287|160,631| |Grants receivable for core activities||||| |Watford Council - CVS Grant79,173-79,17379,173||||| |Watford Council - COVID-19 Grant - Holywell||||| |Community Centre---44,843||||| |Watford Council-COVID-19 Grant-Barn4,000-4,00014,429||||| |Three Rivers District Council - COVID-19 Grant---5,000||||| |CDA Herts - COVID Champions Grant---9,500||||| ||83,173-83,173152,945|||| ## |4|Activities for generating funds||| |---|---|---|---| |||Unrestricted|Unrestricted| |||funds|funds| |||2022|2021| ||Membership subscriptions|857|296| ## ## ## ||Room hire and|Fees and|Lunch clubs|Total|Total| |---|---|---|---|---|---| ||facilities|contracts|and transport|2022|2021| |Income from charitable activities|80,980|445,239|88,864|615,083|445,466| |Project grants||2,668,688||2,668,688|1,599,035| ||80,980|3,113,927|88,864|3,283,771|2,044,501| |Analysis by fund|||||| |Unrestricted funds|79,470|2,409,290|86,451|2,575,211|| |Restricted funds|1,510|704,637|2,413|708,560|| ||80,980|3,113,927|88,864|3,283,771|| |For the year ended 31 March 2021|||||| |Unrestricted funds|12,916|1,862,149|2,230||1,877,295| |Restricted funds||167,206|||167,206| ||12,916|2,029,355|2,230||2,044,501| |Project grants|||||| |Watford Council||216,670||216,67086,680|| |Hertfordshire County Council||1,655,926||1,655,926|1,283,373| |Big Lottery Fund||98,959||98,95996,456|| |Communities1st - Community Help|||||| |Hertfordshire||27,100||27,10042,917|| |Herts Valleys Clinical Commissioning|||||| |Group|||||17,800| |Three Rivers District Council|||||| |Sustainability & Community|||||| |Development||20,718||20,718|56,000| |Three Rivers District Council|||||| |Additional Restrictions & Health|||||| |Protection Board Grants||235,000||235,000|| |Watford Borough Council Additional|||||| |Restrictions & Health Protection|||||| |Board Grants||330,000||330,000|| |NHS England||5,367||5,36711,833|| |Other||78,948||78,9483,976|| |||2,668,688||2,668,688|1,599,035| ## ## ## ||Investment income||| |---|---|---|---| |||Unrestricted|Total| |||funds|| |||2022|2021| ||Interest receivable|17|| |7|Fundraising costs||| |||Unrestricted|Unrestricted| |||fundsfunds|| |||2022|2021| ||Fundraising costs||| ||Other fundraising costs|20|20| |||20|20| ## ||2022||2021| |---|---|---|---| |Staff costs|1,017,695||880,832| |Other staff costs|33,408||19,707| |Project costs|1,676,841|1,084,241|| |Premises costs|47,663||40,734| |Insurance costs|8,710||8,965| |Repairs and maintenance costs|156,515||39,499| |Office costs|30,727||35,371| |Computer costs|178,340||82,272| |Promotion and publicity costs|11,310||18,626| |Travel and subsistence costs|54,555||44,475| |General expenses|8,447||12,699| |Legal and professional costs|33,661||41,229| |Bank charges and other finance costs|1,704||2,359| |Governance costs|2,400||2,400| ||,976
3,261|,313,409
2,|| |Analysis by fund|||| |Unrestricted funds|,261
2,567||| |Restricted funds|,715
694||| ||,976
3,261||| |For the year ended 31 March 2021|||| |Unrestricted funds||,057,203
2,|| |Restricted funds|||256,206| |||CM I|313,409| ## ## ||Number of employees|||| |---|---|---|---|---| ||The average monthly number of employees during the year was:|||| ||||2022|2021| ||||Number|Number| ||Charitable and administrative||44|45| ||Employment costs||2022|2021| ||Wages and salaries||918,836|793,496| ||Termination payments||-|5,350| ||Social security costs||73,376|63,787| ||Other pension costs||25,483|23,549| ||||1,017,695|886,182| ||There were no employees whose annual remuneration was 60,000 or more.|||| |11|Debtors|||| ||||2022|2021| ||Amounts falling due within one year:|||| ||Trade debtors||314,765|170,098| ||Other debtors||115|115| ||Prepayments and accrued income||1,130|22,366| ||||316,010|192,579| |12|Creditors: amounts falling due within one year|||| ||||2022|2021| |||Notes||| ||Deferred income|14|860,168|281,848| ||Trade creditors||196,801|155,268| ||Other creditors||10,110|5,295| ||Accruals||6,400|62,230| ||||1,073,479|504,641| ## ## |13|Provisions for liabilities||2022|2021| |---|---|---|---|---| |||Notes||| ||Retirement benefit obligations|15|4,024|20,874| ||||4,024|20,874| |14|Deferred income|||| ||||2022|2021| ||Other deferred income||860,168|281,848| ||Deferred income is included in the financial statements as follows:|||| ||||2022|2021| ||Deferred income is included within:|||| ||Current liabilities||860,168|281,848| ||Movements in the year:|||| ||Deferred income at 1 April 2021||281,848|| ||Released from previous periods||(281,848)|-| ||Resources deferred in the year||860,168|281,848| ||Deferred income at 31 March 2022||860,168|281,848| ## ||31 March 2022|31 March 2021|31 March 2020| |---|---|---|---| ||(s)|(s)|(s)| |Present value of provision|4,024|20,874|24,733| |Reconciliation of opening and closing provisions||Period Ended 31 Period Ended 31|| |||March 2022|March 2021| |||(s)|(s)| |Provision at start of period||20,874|24,733| |Unwinding of the discount factor (interest expense)||120|556| |Deficit contribution paid||(5,282)|(5,129)| |Remeasurements - impact of any change in assumptions||(92)|714| |Remeasurements - amendments to the contribution schedule||(11,596)|-| |Provision at end of period||4,024|20,874| ## |15|Retirement benefit schemes|||(Continued)| |---|---|---|---|---| ||Income and Expenditure Impact|Period Ended 31 Period Ended 31||| ||||March 2021|March 2020| ||||(s)|(s)| ||Interest expense||120|556| ||Remeasurements - impact of any change in assumptions||(92)|714| ||Remeasurements - amendments to the contribution schedule||(11,596)|| ||Contributions paid in respect of future service|||| ||Costs recognised in income and expenditure account|||| ||Assumptions|31 March 2022|31 March 2021|31 March 2020| |||% per annum|% per annum|% per annum| ||Rate of discount|2.35|0.66|2.53| ||The discount rates shown above are the equivalent single|discount rates which, when used||to discount the| ||future recovery plan contributions due, would give the same results as using a full AA corporate bond yield|||| ||curve to discount the same recovery plan contributions.|||| |||||UJdJ
U)oI|re
DO
re o
o cm||i- ^ w s
CM CM -^ v-
00_ CM_
cd" cm"
CO CO
^j*
CO 00|O OJ
Is- CD
UJ CO
o"
CM||OO
UJ||CM
DJ||rj
DJ"
UJ| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||CL||||||||||| |||||||ltd|||||||CO|CO| |||||8.|||||||||CO|00| |||||UJ||||||||||| |||||^
OJ|||o"
O
CD
CMt
00
UJ
CD|ot
ot
OCO
CD"^-"|N-"^.
UJoo|o"
OD
ooo|cm"
DJ
UJoo|CM
CD"
CO
UJ
oo
CO|o^
UJ
DJ
DJ|CDi
•^—
UJ| |||||TJ
co
c
CO|||DJ
CM
i-Z"o
DJ
CO
CD
in
CM|o"
CM
00
ooo
cd"|UJ
"
o
o|UJ UJUJ
N-" cm"r-
oo OJco
i-CM
o o o
o o o|||CO
^
CO
00|CM
l-^
UJ_
cm"
CO
N-| |||||UJ||||||||||| |||||g
"coI|5
S^
C —
n '||DJ CM
CD
00 CO
CM
O i- (O CM N
CO CM CM DJ t-
UJ 00 t- DJ CM|CD DJ
DJ CD
i- 00||||||O
CO
oj"| |||||I||||||||||| |||||_ro
E
TJI|P||O' ' t-i
CDj^
•r-^
CDSO|' N- t-
O CO
t-_
^--00|•|i||||UJo
CM
uj"
UJ
CM| |||||OJ
CL
X
QJC3|II|III|COUJO O
CD^fO O
o"co"cd" o"|||||||O
DJ
N-
cm"| |||||o|| - e|||||||||CM
CO| |EER
IVERS 1
1
tf>|IA
L S
"
FAT
**E**M^
h-
^
(/>
O
15
UJ
Q|i
RC
H 202
CN||D
TJ
75
C
D
CLi
UJ
•DI
TJJ2
"o
"ujs
DJ
dJ
1|01O
OCM
c—
re*c
co<||CM
N- N-
^- -r-
C0CM
CDt- CD
OCM CM
"^t00 t-
cm"co"
CM|velopm
CD
3
LL
C
TJ
pun
;|**t**r**i**c
ons
O
"E
E|onBoai
"P|ns G**r**
a|"E||CM
co"
UJ| |ID
THR|FI
**N**AC|EN
**D**E
t-
Cl||ro
JZu|||Fund|unity De
la
b**i**lty f|na**l** Res|Pro
**t**eci|es**t**r**i**co|CD
O
o||| |1
O
LJL
i_
OC
Q|NOT
ESTO
i—i
UJ|^*
Mj^|co
czd>
triu
ted 1
C
TJ
UJ|1—
dJ
.co
QJ
O
C
TJ
UJ|||Crox
CD
J**0**|
QJo
3
Neig
to
o
UJ
3
I—Q
"5
QJ
C**i**r
c
UJ
—
CD
oci
"35
Choi
CD
-r—
OOI
TJ
LL
C3
TJ
WatfO
TJ
Coi
E
c3
ity|Thre
dJ
&
dj
UJ
Oo
E
Thre
dJ
cz
ver
UJ
CD
uj
ta
ir
Covi
TJ
LL|
<3
"c
_UJ|Thre
QJ
dji
TJ
TJ
tio|Thre
QJ2
X
ro
QJ
Ith|Watfo
^^
TJ
too
"roc
cz|Watfo
•a
oj
Id
to
0.1|Exte
croJ
TJ2
nsj
DJ|| ||||to"|to||c||||||©||to|o|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||Cont
inue|ment tc
toto3ro
ro
too||©
E
bo
3
ro
CJ|||munitylation,
> E
II
g ©
:**e**rs1 hea|||lies imto
to©ts
ro
to||climate
chan
ro
©
TO|e
chan
TO
ing n
roto©©|| |||||||ro||||||||||| |||||bui
ld
roc
©c
1to||TO
to3
"©3
—*o
run|||1 worlisk oi
if)
-^C ..
> o
^^ O
to 3
com1 iso|||ind**i**vto
ro
fami||ir
**e** I
or
>©
ro
o|> and
rororo
in©
to
ro|| |||||ro
o
^-<
ro||CJo
ro
lity 1
cn|||"ro
It
wilatr||ve
rs
i—
"rust|ortin
TO
the||ions
F
c|ring
o
UJ1|| |||||ives
— and
als
o||ju**n**ty Co
u
cil|||et
he**r** prog '0-85 whoi
E ©
ro m||and Thr**e**
'cz|v**e** bn su
toto||ta**r**y oganii
ro|ce**s**voluni
©3|| |||||i**t**ia||o|||TO'^
3 o||brd|roto||lun
1|pro|| |||||g t**o** l
"ro
CJ
.C||e rtford
shiip|||ing Geat thos
c ro
©
• cu
TO TO|©
to
irty.|w**i**thn
E|sation^
to
"ro||m
inro
^j|Coum
^^
'o
o|| |||||es fu**n**
di||K and H|||our exist!s
a**i**med|nd relativ
©|a
me Club|ileorgani:||Cou
ncil 1
o|**rs** D**it**c|| ||TINU
UJs|||rd
cha
r**i**t
ro©
cro
o
provid||endly,
O
rou
toc
zo
n||ools.|or theeir ind
© to
to ©
© c
> ©
"•
ent ofe.
Iti|y,
lack
"o
c
.X
1
©
dgea|**i**vt
es
"5
eo
X
©
Welo|_o
3ro
ototo
to
CJ
to3oro||Thr**e**
cz
:ivei
V>
Q
is**t**ric|sived f2
E
L.to
ID©
i Rivei|| |||||||||||||o||||| |HI
HI
IVER
(/>
c/>z>
oc
1-|^N
C**I**A
C/5
i
I**A**TE
UJ
III
O^
CO
h-
O|ED 31i
rc
h:
o
rvi
CM||und istf
CJ
©
j**m**uni
>,
fun
d f**o**rWatfi|ary activ
-ity k
)
**n**g ito
to
^^
©
jtu
re.|^pr
**e**snt
:s fu
nds froE
14/Q
amentii
3Fri||ing torui
**n** ci
c
us sk
i**l**
ro
^J8
ir**s**e a
t sch|is fu**n**
di rcome s
gf
roocial
m theE1 isolatic
O C
-1 ro
ttery Fd susk
•*- to
o *-
c sz
3 "m|**d**epen
e
m
ce
due to i
oro
lati
ro
o
•re—•>|b isfund
2
u)
to©
1
o
if>3ro
tainthi
e act
i|fu**n**digWatford
with
f**o**d.
fron
i Watfo
"2
o
00
rough
Cour||ab**i**lty F
und
is fund
i^
CJ©
eived 1
From|nity Dev
elop
ment Fi
D
~^
.^
to
i funds
UJO2|uppo
rtini
UJ
rn
sidents ic
to
|—
ee Riv
ers.| |A
NDTI
OCI|N**O**T**E**S **T**H
FIN
/|0
N3 d\>||**m**un
ity F|jca**l**vouni|i**d** Fun r<||ety is fund|Toget
her>**e**op
l ov|• lo**s**
of ini|Icome Clu|Grant**s** i|ndemic in|r**s** Suta
in|rs Co**m**u|y **s**ector| ||||fun
ds|||||||||||||| |WATFORD,||FOR TH**E**Y*|16 R**e**s**t**ricd|Watf**o**rd Ci|s**a**fegurd k|Ch**o**rleyw
c|Ch**o**rleywcto|o|Neigh
bo
ursh**el**p o
dr ppro
blems oi||©|C**o**vi**d** Fo|Covid 19 pa|Thr
**e** Riv sust**a**
**i**nbl
ty-|Thr
**e** Rivi|thevoluntai| |||||||||ro
2b|||©
1o|||||| ||||to
©
cto|esume|||o
CL
B
©|||| |---|---|---|---|---|---|---|---|---|---|---| ||||O||||©to|||| |||||TO|||©|||| |||||to
OO|||3ro©|||| ||||||||TO|||| |||||yroa.E|||to|||| |||||a**f**
ect
to©||ons G
ran|©
Q.
E
©|||| |||||to
©©
c||al Resi
•c
"ts|a**fe**ctto
to||tons G
©
"c|| |||||©||||||| |||||CI
Cs
whi
toy
roto|afqo
'•g
©
ui|vers<
to
tion|>roto
©E
c©||ional
tr
if)©
tr**i**c|c
2
©| |||||ro
to|©
to|aa.
or|toy|tive
ui|to<
-^|1_3
Z)
L| |||||hari
ties|deli|the
jE|O
ro
O|O
y©to"|eWatf
brd|UBj.
aid| ||O
UJ
^5|||to suppo
rt Thre
>
'cz
©
ers
©roroto
y|.
I**ntu**r,
hisspi
oorts
theii
" servi
©y|t**en**sio of thsu
pport
pr
o'
vi**d**e|jppor**t **Wafordb;
to©ro©
chai
r**i**t
es ;
\jc©
~^|s **s**uppo
rts their
y
©
©to
©
liv
ery
cro
to|on of thesupport
: pr
ov
i**d**e
byth|Home-S**ta**
r Wf;
©
2o
o
to
um
an| |CO|Zoo|||||||||| |oc
h-
coa:
UJ>|toz
3
UJ|^
S
3;||1 Re**st**r**i**c
on
5
CD
"c
ro|ir bu**s**ineop;
S
©
q
roc|^**t**eci**o**
n Bard
ro
Cro
X©|tr**i**c
**t**o
**n**s Gra
ro
_O
^jro|operatio**n**s.
I
3
c"
to|on Bo
a**r**dis a
"x
©
3
'roc|s fundra**i**s
ng i
'ro
c
to
o| |oc||||||||||| |UJ
HJ|<|^-||||||||| |o^
O
LL
OC
\-|V)
UJ
UJ
o
<|I
UJ
QC|©
CZ
"5>
too
"g
3C
(A
TJ|H
©©
ir
©>
ro
b_
<
toto
itioc©|>©to
OQ.
o
c
o
"©
>
3
to©|0
©©
ir
©>
roI
ro©|1
a=o
to
to
g
"©
IT©ro|c
o
"ro
>
3
•B
L^
'©
to
usi
©roro|"©
re—;o
•d
©
"©
to
2
ol
O
•—,|Ext©E
"ro
to2
isir
TO
©| |||a:||||||||| |||s|CO|||||||| ## ## |17|Analysis of net assets|between funds|||||| |---|---|---|---|---|---|---|---| |||funds
Unrestricted|funds
Restricted|Total|funds
Unrestricted|funds
Restricted|i orai| |||2022|2022|2022|2021|2021|2021| ||Fund balances at 31||||||| ||March 2022 are||||||| ||represented by:||||||| ||Current assets/||||||| ||(liabilities)|390,106|159,471|549,577|255,949|119,801|375,750| ||Provisionsand||||||| ||pensions|(4,024)|-|(4,024)|(20,874)|-|(20,874)| |||386,082|159,471|545,553|235,075|119,801|354,876| ## |||||Movement|| |---|---|---|---|---|---| |||||in funds|| ||Balance at|Resources|Balance at|Incoming|Balance at| ||1 April 2020|expended|1 April 2021|resources|31 March 2022| |Premises Maintenance Fund|4,646||4,646||4,646| |Development Fund|15,640|(11,680)|3,960|-|3,960| ||20,286|(11,680)|8,606|-|8,606| ## ## ##