BALTIC FLOUR MILLS VISUAL ARTS TRUST

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Chairty's forecasts and projections for the next twelve months show that the charity should be able to continue in operational existence for that period, considering reasonably possible changes in trading performance. This also considers the effectiveness of available measures to assist in mitigating the impact. The charity and its trading subsidiaries have strong positive cash balances and is forecasting for this to continue to be the case. The Trustees have stress tested their forecasts, considering various scenarios and remain confident that the uncertainties do not cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. BALTIC FLOUR MILLS VISUAL ARTS TRUST · parent
   1. Baltic Contemporary Visual Arts Trading Limited 100% · England and Wales · provision of catering, retail, business sponsorship and room hire services

Significant events

• “During the financial year 2024/25, BALTIC received exceptional financial support arising from the reallocation of pension liabilities.”
• “The Charitable Company settled their defined benefit pension obligations, with a third party. Due to the position of the Scheme being in a net asset position, £1,012,000 of cash was received by the Charity in respect of this.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  -6.1%

  £2,132,750 → £2,002,753

• Cash

  +38.6%

  £2,477,681 → £3,434,799

• Net assets

  +37.3%

  £4,106,964 → £5,639,878

• Employees

  +14.1%

  78 → 89

• Wages

  +12.3%

  £2,072,348 → £2,326,846

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