WATERMILL THEATRE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Wenn Townsend

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. WATERMILL THEATRE LIMITED · parent
   1. Watermill Theatre Productions Limited 100% · UK · produce and make artistic decisions about all its shows

Significant events

• “Introduced a strategic business plan following the 100% cut from Arts Council England.”
• “Welcomed more than 58,000 people to Watermill productions, playing to an average capacity of 88%.”
• “Number of people booking two or more productions doubled during the year.”
• “Homegrown shows took to stages nationally and internationally: The Lord of the Rings had its American premiere at Chicago Shakespeare Theatre in July 2024, followed by a transfer to New Zealand and a tour of Australia; Calamity Jane embarked on a huge 32-date UK tour.”
• “Fundraised income became more vital as the charity transitioned from NPO status to independent charity.”
• “Experienced exceptional support from individuals, with growth in regular donations.”
• “Welcomed almost 400 children from low income families to enjoy Pinocchio last Christmas.”
• “High profile advocates lent support to fundraising with exclusive 'Audience With' events.”
• “Work with local communities grew, expanding youth theatre and specialist workshops.”
• “Careers in the Arts programme engaged over 13,000 young people.”
• “Offered 51 access performances with additional access provision, funded by Greenham Trust.”
• “Launched Elemental, giving 4 artists the opportunity to work on a Watermill production.”
• “12% of creatives and 29% of casts were made up of recent graduates.”
• “37% of actors identified as Global Majority, 10% as deaf or disabled, and 53% as female or non-binary.”
• “Commercial trading income increased by £149k (24% increase from 23/24).”
• “Made several capital investments including 6 EV charging points, a new sound system, and replacement of an exterior fire escape.”
• “Invested in a new brand identity and website as part of transition from Arts Council's National Portfolio.”
• “Welcomed a total of 61,892 people to theatres for productions, concerts, and events, with in-house productions returning to pre-Covid levels at over 88% capacity.”
• “Audience frequency increased, with over 50% more customers booking 2+ times in 24-25.”
• “4027 new customers booked, totalling 14,315 tickets, including over 1000 under 16 tickets and 500 schools' tickets.”
• “Delivered 990 take part opportunities, working with 15,677 participants and facilitating 24,486 engagement opportunities.”
• “Total income for the year was £4.4M (2023-24: £4.1M) and total expenditure was £4.2M (2023-24: £4.0M).”
• “Total funds at 31 March 2025 were £4.8M (2023-24 £4.6M).”
• “Invested £261k in replacement capital (2023-24: £78k), including new sound system (£99k), external emergency staircase (£74k), new website (£38k) and six new electric vehicle chargers.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +20%

  £2,843,129 → £3,412,738

• Cash

  +9.5%

  £1,801,958 → £1,973,547

• Net assets

  +3.8%

  £4,597,600 → £4,773,767

• Employees

  -5.4%

  37 → 35

• Wages

  +6.5%

  £1,116,897 → £1,189,253

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers