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WATCH TOWER BIBLE AND TRACT SOCIETY OF BRITAIN

Registered charity 1077961 · accounts filings on the Charity Commission register · also known as WATCH TOWER SOCIETY · also registered in Scotland as SC046952 (OSCR)

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Latest income
£38.5m
Latest spending
£78.2m
Registered
1999
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a deficit of £36 million for the year ended 31 August 2023, primarily due to increased activity and costs associated with assisting overseas entities. Despite this deficit, the trustees confirm that unrestricted reserves of £213 million meet the stated policy target of holding approximately 12 months of running expenditure, and the charity maintains a strong balance sheet to respond to worldwide needs.

What the accounts disclose

Reserves policy: approximately 12 months running expenditure (held: £213.0m)
“The reserves policy of the Society is to hold approximately 12 months running expenditure, as well as an appropriate amount for each country it assists.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Ltd. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£38.5m
Total spending
£78.2m
Reserves (reported)
£184.2m
Employees
0

Reported reserves equal ~28.3 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

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Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£38.5m£78.2m
31/08/2024£120.7m£111.1m
31/08/2023£100.9m£133.8m
31/08/2022£89.0m£82.0m
31/08/2021£130.2m£61.4m

Common questions

Is WATCH TOWER BIBLE AND TRACT SOCIETY OF BRITAIN financially healthy?

The accounts state that the charity reported a deficit of £36 million for the year ended 31 August 2023, primarily due to increased activity and costs associated with assisting overseas entities. Despite this deficit, the trustees confirm that unrestricted reserves of £213 million meet the stated policy target of holding approximately 12 months of running expenditure, and the charity maintains a strong balance sheet to respond to worldwide needs. Its FY2023 accounts were audited by Xeinadin Audit Ltd.