| The Watson Hope Foundation TRUST NAME |
The Watson Hope Foundation TRUST NAME |
The Watson Hope Foundation TRUST NAME |
1193169 CHARITY NO |
1193169 CHARITY NO |
CC16a | |
|---|---|---|---|---|---|---|
| For the period from |
7/1/2024 Period start date |
To | 6/1/2025 Period end date |
|||
| Section A Receipts and payments | ||||||
| A1 Receipts | Unrestricted funds to the nearest £ 14,420 1,608 - - - - 16,028 - - - 16,028 35,000 - 4,922 - 49 - - - - 39,971 - - - 39,971 - 23,943 19,589 14,521 10,167 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - 200,000 - - - 200,000 470,411 - 470,411 670,411 - 2,341 - 420 - - - - - 2,761 448,444 - 448,444 451,205 219,206 - 19,589 6,812 206,429 |
Total funds to the nearest £ 14,420 1,608 200,000 - - - 216,028 470,411 - 470,411 686,439 35,000 2,341 4,922 420 49 - - - - 42,732 448,444 - 448,444 491,176 195,263 - 21,333 216,596 |
Last year to the nearest £ |
|
| Income from investments | 14,420 | 14,032 | ||||
| Income from Interest | 1,608 | 1,205 | ||||
| Addition to Trust | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
16,028 | 15,237 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 263,983 | ||||
| - | - | |||||
| Sub total | - | 263,983 | ||||
| Total receipts A3 Payments |
||||||
| 279,220 | ||||||
| Charitable Payments | 35,000 | 50,000 | ||||
| Investment Management Fees + VAT | - | 2,235 | ||||
| Trust Administration Fees + VAT | 4,922 | 4,848 | ||||
| Professional Fees | - | - | ||||
| Cash Management Fee | 49 | 74 | ||||
| Independent Examinors Fees | - | 600 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 39,971 | 57,757 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investment purchases | - | 267,315 | ||||
| - | - | |||||
| **Sub total ** | - | 267,315 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 325,072 | ||||||
| - 23,943 | - | 219,206 | 195,263 | - 45,852 | ||
| 19,589 | - | - 19,589 | - | - | ||
| 14,521 | - | 6,812 | 21,333 | 67,185 | ||
| 10,167 | - | 206,429 | 216,596 | 21,333 |
CCXX R1 accounts (SS)
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Coutts Investment portfolio Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Capital account Income account Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 10,167 - - - 10,167 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name David Breach on behalf of Ludlow Trust CompanyLimited |
Endowment funds to nearest £ |
|---|---|---|---|
| 206,429 | |||
| - | |||
| - | |||
| 206,429 | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 577,420 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| David Breach on behalf of Ludlow Trust CompanyLimited |
06/11/25 | ||
CCXX R2 accounts (SS)
2
Trustees’ Annual Report for the period
From 07/01/2024 To 06/01/2025
Charity name: The Watson Hope Foundation Charity registration number: 1193169
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the charity are to hold the capital and income of the Trust fund upon trust to apply the income, and all or such 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 and in such manner as the Trustees may in their absolute discretion think fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of the charity’s objects for the public benefit the trustees provide grants. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit |
|---|---|---|
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| SORP reference | ||
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year under review the charity made grant awards totaling £35,000 to the following charities: • King’s Church Darlington • First Stop Darlington • Stanbrook Abbey Trust Fund • Mary’s Meals |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the reporting period the charity had free reserves of £10,167 (2024: £14,521). In addition to the free reserves the charity has bank balances of £206,429 (2024: £6,812) and investments valued at £577,420 within the expendable endowment fund which can be released to support the activities of the charity. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | 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. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted
Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document | Para 1.25 |
Trust deed dated 6 January 2021 |
| How is the charity constituted? |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees may be appointed by the settlors or the survivor of them during their lifetimes and subject to this appointment the power to appoint is exercisable by the trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £4,922 for trust administration services during the year under review. These fees are authorized under clause 6 of the trust deed. On 18 November 2024 a grant of £20,000 was made to First Stop Darlington of which Debra Irving is a Trustee. |
| Other |
Reference and Administrative details
| Charity name | The Watson Hope Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1193169 |
| Charity’s principal address | Ludlow Trust Co Ltd Tower Wharf Cheese Lane BRISTOL BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Joshua Irving | 12/12/2024 – 06/01/2025 | |||
| Rebecca Irving | 12/12/2024 – 06/01/2025 | |||
| Ludlow Trust Co Ltd | ||||
| Debra Irving | ||||
| Russell Irving | ||||
– Corporate trustees names of the directors at the date the report was approved Director name
David Page Gary Collins Walter Coxon Ali Sarikhani Ziba Sarikhani Christopher Thurlow Matthew Wickers
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Investment Managers | Coutts & Co | 440 The Strand, London, WC2R 0QS |
| Bankers | Coutts & Co | 440 The Strand, London, WC2R 0QS |
| Accountants | Charter Tax Consulting Ltd |
8th Floor, 1 Southampton Street, London, WC2R 0LR |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) David Breach on behalf of Ludlow Trust Company Ltd Position (eg Secretary, Chair, etc) Date 06/11/25
2025-11-06WatsonHope-Accounts
Final Audit Report
2025-11-06
Created: 2025-11-06 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAvOWSCrj-X-og8WDsGJTURUnxRMPR0zal
"2025-11-06WatsonHope-Accounts" History
Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)
2025-11-06 - 10:38:05 AM GMT
Document emailed to David Breach (david.breach@ludlowtrust.com) for signature 2025-11-06 - 10:38:11 AM GMT
Email viewed by David Breach (david.breach@ludlowtrust.com) 2025-11-06 - 12:18:22 PM GMT
Document e-signed by David Breach (david.breach@ludlowtrust.com) Signature Date: 2025-11-06 - 12:18:38 PM GMT - Time Source: server
Agreement completed.
2025-11-06 - 12:18:38 PM GMT
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The Watson Hope Foundation On accounts for the year 06 January 2025 Charity no 1193169 ended (if any) Set out on pages Financial statements page 1-2 Trustee report page 3-11
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 06/01/2025.
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 06/11/2025 Signed: Name: Ian Rodd Relevant professional BSc FCA qualification(s) or body (if any): Address: TC Group 10 Bridge Street, Christchurch, Dorset, BH23 1EF
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
n/a
2
IER