Watford New Hope Trust

Analysis

Watford New Hope Trust is a registered charity in England and Wales, based in Watford. It was registered in May 2000, 26 years ago. Its declared purposes cover the prevention or relief of poverty and accommodation/housing, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 03969063). It says it provides human resources, provides buildings/facilities/open space and provides services.

In the financial year ending March 2025, Watford New Hope Trust reported income of £3.0m and spending of £3.6m, spending 119% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £2.4m to £3.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to March 2024, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Watford New Hope Trust sits at the 97th percentile: it is larger than about 97% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include Xtend Global (£3.0m), Anjuman-E-Burhani (London) (£3.0m) and Jewish Education and Publishing Trust (£3.0m).

In its latest detailed accounts, income came from charitable activities 57%, donations and legacies 31%, trading 9.6% and investments 2.5%. Gifts in wills alone brought in £16k. Charitable activities took 67% of spending and raising funds 9.1%. Reserves of £642k would cover about 2 months of spending at that rate. It employed 43 people.