WATTS GALLERY TRUST

• ◆

  6 officer resignations in last 12 months

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

1. WATTS GALLERY TRUST 2021-11-19 → present
2. WATTS GALLERY 2007-03-08 → 2021-11-19

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

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. While cash flow is being closely monitored due to current financial pressures, the trustees are confident that the mitigating actions being taken, such as: Addressing core structural inefficiencies Unlocking untapped income and asset value Growing development and sponsorship income streams. Embedding sustainability into every aspect of the organisation Leveraging endowment flexibility to manage cashflow. Provide strong justification for confidence in the organisation's ability to continue as a going concern through FY2026/27 and beyond.”

Group structure

1. WATTS GALLERY TRUST · parent
   1. Watts Gallery Trading Limited 100% · England and Wales · tea & gift shop

Significant events

• “This year we welcomed record numbers of visitors to Watts Gallery but, like many in the arts sector, recovery post pandemic is taking far longer than we anticipated and expenditure rose at a much faster rate than income levels.”
• “This year marked the 175th anniversary of Mary Watts' birth and celebrations of her work and influence, including themed workshops and activities as well as the revitalizing of our pottery offer. Following in the footsteps of Mary Watts we welcomed Bahareh Khomeiry as our first Potter in Residence.”
• “G F Watts' sculptural masterpiece Physical Energy: We secured planning permission for the installation in May 2024 then worked with our landscape architects, LDA, Surrey Wildlife Trust and Arbtech to discharge our planning conditions which were signed off by Guildford Borough Council in January 2025. Work started onsite in May 2025.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +25.4%

  £1,295,396 → £1,624,190

• Cash

  -10.7%

  £950,390 → £848,267

• Net assets

  -3.4%

  £25,886,893 → £25,010,342

• Employees

  +6%

  83 → 88

• Operating profit

  -16.9%

  -£487,541 → -£569,822

• Wages

  -7.5%

  £1,620,680 → £1,498,554

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