WATTS GALLERY TRUST
The Watts Gallery Trust seeks to promote the understanding and appreciation of the Victorian artist G F Watts OM RA 1817-1904 and the ceramic artist Mary Seton Watts, in the context of the 19th Century, and to promote Compton as a centre for exploring Victorian art, social history and craft for present and future generations.
Objects
THE OBJECTS OF THE CHARITY ARE:1.TO PROMOTE ART FOR THE BENEFIT OF THE PUBLIC BY THE ESTABLISHMENT AND MAINTENANCE OF THE WATTS ART GALLERY;2. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE SUBJECT OF ART;3.TO PRESERVE FOR THE BENEFIT OF THE PUBLIC THE WATTS ART GALLERY, ITS GROUNDS AND OTHER BUILDINGS ASSOCIATED WITH GEORGE FREDERIC AND MARY WATTS AS BUILDINGS OF HISTORIC, ARCHITECTURAL OR CONSTRUCTIONAL INTEREST (THE “OBJECTS”).
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £876,551 for the year ended 31 March 2025, driven by rising costs outpacing income growth. While total funds remain substantial at £25,010,342, free unrestricted reserves are critically low at £30,954, representing only approximately 11% of a month's operating costs against a policy target of 3 to 6 months. The trustees acknowledge current financial pressures and cash flow monitoring but express confidence in the organization's ability to continue as a going concern through FY2026/27.
What the accounts disclose
“In the band £100,001 - £110,000 1 1” — page 40
“Trading activities of £1,624,190 (50% of total income) up 25% from FY2024 (£1,295,396)” — page 6
“This level of free reserve represents approximately 11% of a month’s current operating costs. We are committed to rebuilding our reserves to meet the organisation's agreed target level.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 130
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £100,001–£110,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 123
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £100,001–£110,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 50
- Employees paid over £60,000: 2 (£60,001–£70,000: 1; £100,001–£110,000: 1)
- Has a trading subsidiary
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (07/07/2025)
Trustees
- Sarah Katherine Kingchair
- Caroline Louise Ikin
- Dennis Ralph Brenninkmeijer
- Dr Gursimran Kaur Oberoi
- Jeremy Malise Mcilroy
- Julie Margaret Molloy
- Lysa Robin Schwartz
- Rachael Anne WIlson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £3.4m |
| 31/03/2024 | £2.6m | £3.1m |
| 31/03/2023 | £2.6m | £3.2m |
| 31/03/2022 | £2.7m | £3.2m |
| 31/03/2021 | £3.0m | £2.9m |
Common questions
Is WATTS GALLERY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £876,551 for the year ended 31 March 2025, driven by rising costs outpacing income growth. While total funds remain substantial at £25,010,342, free unrestricted reserves are critically low at £30,954, representing only approximately 11% of a month's operating costs against a policy target of 3 to 6 months. The trustees acknowledge current financial pressures and cash flow monitoring but express confidence in the organization's ability to continue as a going concern through FY2026/27. Its FY2025 accounts were audited by Azets Audit Services Limited.
What does the highest-paid employee of WATTS GALLERY TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.
Who funds WATTS GALLERY TRUST?
Funders whose own accounts filings name WATTS GALLERY TRUST as a grant recipient include THE JOHN R. MURRAY CHARITABLE TRUST, THE REED FOUNDATION, THE FOYLE FOUNDATION, THE CAROLE AND GEOFFREY LAWSON FOUNDATION, THE SANDERSON FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2024 | £200k | Advancement of the arts, culture, heritage and science |
| THE REED FOUNDATION | FY2022 | £79k | Christmas Challenge |
| THE FOYLE FOUNDATION | FY2025 | £75k | |
| THE CLORE DUFFIELD FOUNDATION | FY2024 | Unverified read£56k | Arts, heritage and education |
| THE CAROLE AND GEOFFREY LAWSON FOUNDATION | FY2021 | £50k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2022 | Unverified read£20k | Advancement of the arts, culture, heritage and science |
| THE SANDERSON FOUNDATION | FY2024 | £20k | |
| THE SANDERSON FOUNDATION | FY2025 | £20k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2025 | £20k | Advancement of the arts, culture, heritage and science |
| THE BORROWS CHARITABLE TRUST | FY2023 | £17k | |
| THE BORROWS CHARITABLE TRUST | FY2022 | £15k | |
| THE BILLMEIR CHARITABLE TRUST | FY2022 | £15k | |
| ANSON CHARITABLE TRUST | FY2026 | £14k | Charitable Donation |
| THE CHARLES SKEY CHARITABLE TRUST | FY2025 | £13k | Advancement of arts, culture, heritage or science |
| ANSON CHARITABLE TRUST | FY2022 | £10k | Charitable Donation |
| ANSON CHARITABLE TRUST | FY2024 | £10k | Charitable Donation |
| ANSON CHARITABLE TRUST | FY2025 | £10k | Charitable Donation |
| ANSON CHARITABLE TRUST | FY2023 | £10k | Charitable Donation |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2021 | £10k | Advancement of the arts, culture, heritage and science |
| THE BILLMEIR CHARITABLE TRUST | FY2025 | £10k | |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2022 | £5k | Culture and Arts |
| THE SANDERSON FOUNDATION | FY2022 | £5k | |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2023 | £5k | Culture and Arts |
| THE JOHN COATES CHARITABLE TRUST | FY2023 | £4k | |
| DR RADCLIFFE'S TRUST | FY2022 | £4k | Conservation Fellowship |
| THE JOHN COATES CHARITABLE TRUST | FY2022 | £4k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2023 | Unverified read£4k | Advancement of the arts, culture, heritage and science |
| THE BILLMEIR CHARITABLE TRUST | FY2024 | £3k | |
| THE BILLMEIR CHARITABLE TRUST | FY2021 | £1k | |
| THE BILLMEIR CHARITABLE TRUST | FY2023 | £1k | Donations |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2024 | £1k | Culture and arts |
| THE SANDERSON FOUNDATION | FY2023 | amount not stated | |
| THE REED FOUNDATION | FY2021 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 05/02/2025 | £117k | "Securing the sustainability of Watts Gallery" |
| The National Lottery Heritage Fund | 10/08/2020 | £243k | "COVID 19 Watts Gallery Trust" |
| The National Lottery Heritage Fund | 21/12/2015 | £59k | "Watts Gallery to ArtistsÂ’ Village: preserving heritage, meeting the needs of visitors and increasing sustainability" |
| The National Lottery Heritage Fund | 20/06/2014 | £39k | "Watts in the Red Robe: Bringing Home The Artist's Last Remaining Self Portrait" |
| The National Lottery Heritage Fund | 21/05/2013 | £500k | "Catalyst Endowment: Watts Gallery" |
| The National Lottery Heritage Fund | 13/11/2012 | £2.6m | "Limnerslease - Saving the studios" |
| The National Lottery Heritage Fund | 12/12/2006 | £5.3m | "Watts Gallery Hope Project" |
| The National Lottery Heritage Fund | 02/06/2005 | £329k | "Watts Gallery lonides family portrait" |
| The National Lottery Heritage Fund | 21/03/2005 | £50k | "Watts Gallery Hope Project" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FIDELITY UK FOUNDATION | 2 | £653k |
| THE AMPERSAND FOUNDATION | 2 | £615k |
| THE FREELANDS FOUNDATION LIMITED | 2 | £466k |
| THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART | 2 | £80k |
| THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE | 1 | £690k |
| SWAROVSKI FOUNDATION | 1 | £114k |
| JOHN ELLERMAN FOUNDATION | 1 | £90k |
| AKO FOUNDATION | 1 | £75k |
Charities like this
- SOCIETY OF WOMEN ARTISTS LIMITED
- WHITECHAPEL GALLERY
- WELLS MALTINGS TRUST
- THE MAKERS GUILD IN WALES
- CHARLESTON LEWES LIMITED
- WOTTON ARTS PROJECT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WATTS GALLERY TRUST | £2.8m | £100,001 - £110,000 | — | below | — | no doubt |
| SOCIETY OF WOMEN ARTISTS LIMITED | £87k | — | 0 | unclear | — | no doubt |
| WHITECHAPEL GALLERY | £3.5m | — | — | below | — | noted |
| WELLS MALTINGS TRUST | £671k | — | 0 | unclear | — | no doubt |
| THE MAKERS GUILD IN WALES | £229k | — | 0 | unclear | — | no doubt |
| CHARLESTON LEWES LIMITED | £471k | — | — | unclear | — | no doubt |