THE WATCHES OF SWITZERLAND GROUP FOUNDATION
The aim of the Watches of Switzerland Foundation will be to further enhance the charitable initiatives of the Watches of Switzerland Group (the 'Group') and to provide essential support, through donations, to local and national charities focused on poverty, social mobility and hardship. It is intended that the beneficiaries will be in the communities within which the Group operates.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds decreased from £2,424,943 to £1,751,008 due to a net expenditure of £673,935, driven by charitable grants exceeding incoming donations. The Trustees report that the charity has net assets and no material uncertainties regarding its ability to continue as a going concern for at least twelve months.
What the accounts disclose
“During the year, Watches of Switzerland Company Limited commited donations totalling £811,777 (2024 - £1,500,000). Trustee Brian Duffy is also a Director of the Company. At the year end debtors of £895,000 (2024 - £Nil) were due from the Watches of Switzerland Company Limited.” — page 28
“The charity benefits from certain staff time and rent donated by Watches of Switzerland Group plc of which the Trustee Brian Duffy is a director. During the year staff time and rent totalling £16,315 (2024 £15,044) was donated to the charity.” — page 28
“During the year, Watches of Switzerland Company Limited commited donations totalling £811,777 (2024 - £1,500,000). Trustee Brian Duffy is also a Director of the Company. At the year end debtors of £895,000 (2024 - £Nil) were due from the Watches of Switzerland Company Limited.” — page 28
“The charity benefits from certain staff time and rent donated by Watches of Switzerland Group plc of which the Trustee Brian Duffy is a director. During the year staff time and rent totalling £16,315 (2024 £15,044) was donated to the charity.” — page 28
“During the year, Watches of Switzerland Company Limited commited donations totalling £811,777 (2024 - £1,500,000). Trustee Brian Duffy is also a Director of the Company. At the year end debtors of £895,000 (2024 - £Nil) were due from the Watches of Switzerland Company Limited.” — page 28
“The charity benefits from certain staff time and rent donated by Watches of Switzerland Group plc of which the Trustee Brian Duffy is a director. During the year staff time and rent totalling £16,315 (2024 £15,044) was donated to the charity.” — page 28
“During the year, Watches of Switzerland Company Limited commited donations totalling £811,777 (2024 - £1,500,000). Trustee Brian Duffy is also a Director of the Company. At the year end debtors of £895,000 (2024 - £Nil) were due from the Watches of Switzerland Company Limited.” — page 28
“The charity benefits from certain staff time and rent donated by Watches of Switzerland Group plc of which the Trustee Brian Duffy is a director. During the year staff time and rent totalling £16,315 (2024 £15,044) was donated to the charity.” — page 28
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- Hugh Brian Duffychair
- David James Gandy
- John David Hannah
- Johnathan Joseph
- Ruth Georgina Benford
- Terence Ian Parris
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £828k | £1.5m |
| 30/04/2024 | £1.5m | £2.0m |
| 30/04/2023 | £1.5m | £1.7m |
| 30/04/2022 | £4.5m | £1.4m |
Common questions
Is THE WATCHES OF SWITZERLAND GROUP FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds decreased from £2,424,943 to £1,751,008 due to a net expenditure of £673,935, driven by charitable grants exceeding incoming donations. The Trustees report that the charity has net assets and no material uncertainties regarding its ability to continue as a going concern for at least twelve months. Its FY2025 accounts were audited by Crowe U.K. LLP.
Charities like this
- SWAROVSKI FOUNDATION
- SWIMATHON FOUNDATION
- BRITISH SCHOOL OF WATCHMAKING
- ZURICH COMMUNITY TRUST (UK) LIMITED
- Rothesay Foundation
- The Grocott Family Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WATCHES OF SWITZERLAND GROUP FOUNDATION | £828k | — | 0 | unclear | — | no doubt |
| SWAROVSKI FOUNDATION | £4.0m | — | 0 | unclear | — | no doubt |
| SWIMATHON FOUNDATION | £771k | — | 0 | below | — | no doubt |
| BRITISH SCHOOL OF WATCHMAKING | £782k | — | — | above | — | no doubt |
| ZURICH COMMUNITY TRUST (UK) LIMITED | £3.4m | — | — | within | — | no doubt |
| Rothesay Foundation | £1.8m | — | 0 | unclear | — | no doubt |