CCEW Charity Commission profile

RICHARD WATTS CHARITIES CIO

Registered charity 1210119 · organisation 5239575

01 Identity

Registration and reporting

Registration status
Registered
Reporting status
Submission Received
Charity type
CIO
Registered
19 September 2024
Removed
Not supplied
Financial period
19 September 2024 – 31 December 2025
Latest income
£28,064,397
Latest expenditure
£1,484,240
Owns or uses land
No
In administration
No
Insolvent
No
CIO
Yes

Public contact address: The Office, Watts Almshouses, Maidstone Road, Rochester, ME1 1SE

02 Activities

What the charity does

1. The relief of poverty of persons in the Medway unitary authority area, or who in the opinion of the trustees have a local connection with the Medway unitary authority area by the provision and maintenance of social housing in the form of alms-house accommodation. 2. The relief of people in the Medway unitary authority area who are in need by reason of financial hardship or other disadvantage,

03 Official extract

Charity Annual Return History

Fin Period Start Date
19 September 2024
Fin Period End Date
31 December 2025
Ar Cycle Reference
AR25
Reporting Due Date
31 October 2026
Date Annual Return Received
28 October 2026
Date Accounts Received
28 October 2026
Total Gross Income
£28,064,397
Total Gross Expenditure
£1,484,240

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind
Yes
Fin Period Order Number
1
Ar Cycle Reference
AR25
Fin Period Start Date
19 September 2024
Fin Period End Date
31 December 2025
Ar Due Date
31 October 2026
Ar Received Date
28 October 2026
Total Gross Income
£28,064,397
Total Gross Expenditure
£1,484,240
Grant Making Is Main Activity
No
Count Govt Contracts
0
Count Govt Grants
£0
Charity Has Trading Subsidiary
No
Does Trustee Receive Any Benefit
No
Trustee Payments Acting As Trustee
No
Trustee Receives Payments Services
No
Trustee Receives Other Benefit
No
Trustee Resigned Employment
No
Employees Salary Over 60k
Yes
Count Salary Band 60001 70000
1
Count Volunteers
0

05 Official extract

Charity Annual Return Partb

Latest Fin Period Submitted Ind
Yes
Fin Period Order Number
1
Ar Cycle Reference
AR25
Fin Period Start Date
19 September 2024
Fin Period End Date
31 December 2025
Ar Due Date
31 October 2026
Ar Received Date
28 October 2026
Income Donations And Legacies
402
Income Other Trading Activities
0
Income Charitable Activities
374242
Income Investments
781706
Income Other
26908047
Income Total Income And Endowments
28064397
Income Legacies
0
Income Endowments
0
Expenditure Raising Funds
£361,041
Expenditure Charitable Expenditure
£1,123,199
Expenditure Other
0
Expenditure Total
1484240
Expenditure Investment Management
25882
Expenditure Grants Institution
65087
Expenditure Governance
404575
Expenditure Support Costs
404575
Expenditure Depreciation
0
Gain Loss Investment
551406
Gain Loss Pension Fund
0
Gain Loss Revaluation Fixed Investment
-233025
Gain Loss Other
0
Reserves
£1,604,816
Assets Total Fixed
25727336
Assets Own Use
17980936
Assets Long Term Investment
7746400
Defined Benefit Pension Scheme
0
Assets Other Assets
£1,604,816
Assets Total Liabilities
£270,787
Assets Current Investment
0
Assets Total Assets And Liabilities
£27,061,365
Creditors One Year Total Current
216524
Creditors Falling Due After One Year
54263
Assets Cash
£1,472,300
Funds Endowment
25533267
Funds Unrestricted
1528098
Funds Restricted
0
Funds Total
27061365
Count Employees
13
Charity Only Accounts
Yes

06 Official extract

Charity Area Of Operation

Geographic Area Type
Local Authority
Geographic Area Description
Medway
Welsh Ind
No

07 Official extract

Charity Classification

Classification Code
207
Classification Type
Who
Classification Description
The General Public/mankind
Classification Code
302
Classification Type
How
Classification Description
Makes Grants To Organisations
Classification Code
105
Classification Type
What
Classification Description
The Prevention Or Relief Of Poverty
Classification Code
101
Classification Type
What
Classification Description
General Charitable Purposes
Classification Code
202
Classification Type
Who
Classification Description
Elderly/old People
Classification Code
301
Classification Type
How
Classification Description
Makes Grants To Individuals
Classification Code
104
Classification Type
What
Classification Description
Disability
Classification Code
205
Classification Type
Who
Classification Description
Other Charities Or Voluntary Bodies
Classification Code
201
Classification Type
Who
Classification Description
Children/young People

08 Official extract

Charity Event History

Charity Name
RICHARD WATTS CHARITIES CIO
Charity Event Order
1
Event Type
CIO registration
Date Of Event
2024-09-19T00:00:00

09 Official extract

Charity Governing Document

Governing Document Description
CIO - FOUNDATION REGISTERED 19 SEP 2024 AS AMENDED ON 20 MAR 2025AMENDED ON 02 JUN 2025
Charitable Objects
THE RELIEF OF POVERTY OF PERSONS IN THE MEDWAY UNITARY AUTHORITY AREA, OR WHO IN THE OPINION OF THE TRUSTEES HAVE A LOCAL CONNECTION WITH THE MEDWAY UNITARY AUTHORITY AREA BY THE PROVISION AND MAINTENANCE OF SOCIAL HOUSING IN THE FORM OF ALMSHOUSE ACCOMMODATION;•THE RELIEF OF PEOPLE IN THE MEDWAY UNITARY AUTHORITY AREA WHO ARE IN NEED BY REASON OF FINANCIAL HARDSHIP OR OTHER DISADVANTAGE, IN SUCH WAYS AS THE TRUSTEES DETERMINE;• TO PRESERVE THE PROPERTY KNOWN AS POOR TRAVELLERS’ HOUSE FOR THE BENEFIT OF THE PUBLIC AS A BUILDING OF HISTORIC INTEREST BY KEEPING IT OPEN FOR INSPECTION BY THE PUBLIC AT SUCH TIMES AS THE CHARITY TRUSTEES SHALL DETERMINE.

10 Official extract

Charity Policy

Policy Name
Internal charity financial controls policy and procedures
Policy Name
Trustee conflicts of interest policy and procedures
Policy Name
Trustee expenses policy and procedures
Policy Name
Complaints policy and procedures
Policy Name
Social media policy and procedures
Policy Name
Bullying and harassment policy and procedures
Policy Name
Safeguarding policy and procedures
Policy Name
Internal risk management policy and procedures
Policy Name
Serious incident reporting policy and procedures
Policy Name
Financial reserves policy and procedures