THE SLG TRUSTEE LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-16.

• ⚠

  Material uncertainty over going concern

  It is the Trustee's opinion that it is appropriate for the accounts to be prepared on the Going Concern basis, however, given the current level of unconfirmed income and low levels of free reserves, the Trustee has concluded that there are material uncertainties which could affect the SLG's Going Concern assessment. To address these uncertainties, the Personnel and Finance Committee and Leadership team remain in close dialogue, and progress on fundraising plans is closely monitored.

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 §1A

Reporting scope

Consolidated group

Auditor

Sayer Vincent LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is the Trustee's opinion that it is appropriate for the accounts to be prepared on the Going Concern basis, however, given the current level of unconfirmed income and low levels of free reserves, the Trustee has concluded that there are material uncertainties which could affect the SLG's Going Concern assessment. To address these uncertainties, the Personnel and Finance Committee and Leadership team remain in close dialogue, and progress on fundraising plans is closely monitored.”

Group structure

1. THE SLG TRUSTEE LIMITED · parent
   1. South London Fine Art Gallery and Library · England · to provide for the people of the South of London a gallery of works of fine art and a library of high character with a reading room and also lectures on subjects of art, science, and literature, and generally to promote acquaintance with art, science, and literature among the inhabitants of the South of London.
   2. SLG Trading Ltd · England and Wales · to undertake business activates in support of the South London Gallery, such as the licence of space for a cafe and the commercial hire of the gallery spaces.

Significant events

• “The Trustee's decision to sell the artists' flat formed a core part of the strategy in the prior year. A loan secured against the flat of £150,000 from the Charity Bank was drawn down in June 2023 to support cashflow, after which the flat was placed on the market. An offer of £450,000 was accepted shortly after the 23-24 year-end. A revaluation reserve of £212,191 was therefore reflected in the 2023-24 accounts. The sale completed in the 2024-25 financial year, on 25 October 2024.”
• “In March 2025, the SLG delivered a fundraising gala which raised much needed core funds to support the organisation. In February 2025, the SLG secured a significant grant to support capacity in its fundraising team over two years, and to research and develop new income generating partnerships.”

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

1

last 12 months

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

• Turnover

  -8.7%

  £2,635,301 → £2,407,276

• Cash

  +53.1%

  £171,842 → £263,080

• Net assets

  -4.3%

  £6,635,254 → £6,349,941

• Employees

  -9.2%

  76 → 69

• Operating profit

  -37.4%

  -£207,585 → -£285,313

• Profit before tax

  -37.4%

  -£207,585 → -£285,313

• Wages

  -7.7%

  £1,320,900 → £1,218,918

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