Finance Score: 5

Governance Score: 8

Support Score: 8

Strong growth: +2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +8

Overall GiG Score: 21

WATERMILL THEATRE LIMITED

The Watermill seeks to spread knowledge and understanding about the arts and in particular the art of theatre through the production of plays and related activities encompassing touring, education, youth and community work, new writing and the nurturing of talented individuals. The Watermill seeks to entertain and enrich the quality of life for all, whether participants or audience.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
Why are there 13 trustees whereas the Charities Commission recommends a maximum of 12?
Over half the Board have joined recently

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/24	£4,095	£3,948	£146	£163	£4,598	£4,440	13.5	50	30
31/03/23	£3,525	£3,604	£-79	£338	£4,451	£4,411	14.7	51	30
31/03/22	£2,723	£2,807	£-84	£580	£4,530	£2,281	9.8	51	30
31/03/21	£1,897	£1,637	£260	£398	£4,614	£2,279	16.7	49	30
31/03/20?	£3,302	£3,702	£-400	£689	£4,354	£1,946	6.3	53	70
31/03/18	£3,524	£3,370	£153	£199	£4,678	£2,078	7.4	46	0
31/03/17	£2,958	£2,836	£121	£765	£4,524	£1,840	7.8	45	0
31/03/16	£3,183	£2,915	£269	£309	£4,403	£1,523	6.3	43	0
31/03/15	£3,481	£3,042	£439	£805	£4,094	£1,185	4.7	46	0
31/03/14	£2,662	£2,583	£79	£730	£3,656	£1,001	4.7	37	0
31/03/13	£3,192	£2,988	£204	£755	£3,576	£918	3.7	37	0
01/04/12	£2,594	£2,480	£114	£631	£3,372	£746	3.6	37	0
30/03/11	£2,639	£2,556	£84	£258	£3,258	£707	3.3	82	0
30/03/10	£3,061	£2,979	£82	£681	£3,175	£650	2.6	87	0
30/03/09	£2,983	£2,966	£16	£440	£2,839	£356	1.4	20	0
30/03/08	£3,871	£2,542	£1,329	£663	£2,823	£399	1.9	0	0
01/04/07	£3,618	£2,902	£715	£600	£1,494	£371	1.5	83	0
01/04/06	£3,113	£2,684	£429	n/a	n/a	n/a	n/a	n/a	n/a
27/03/05	£2,208	£2,192	£16	n/a	n/a	n/a	n/a	n/a	n/a
28/03/04	£2,229	£2,181	£48	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 5.1%
Fundraising Costs/Total Spending: 4.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 17%
Liabilities/Income: 23%
Unrestricted Funds/Total Funds: 97%
Reserves/Spending: 13.5 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.9

Asset Split ?

Balance Sheet History

Established: 54 years

www.watermill.org.uk

admin@watermill.org.uk

0163545834

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

West Berkshire,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£465,207
Backstage Trust	£50,000
Andrew Lloyd Webber Foundation	£25,000

Specific Donations

Amount	When Months	To be used for
Backstage Trust - Core grant
£50,000	14/03/2023	Core funding
DCMS - Transition Fund
£267,561	01/03/2023	In recognition of the challenges facing organisations leaving the National Portfolio and as a way of improving the support we provide to them, we will provide a transition period for those who were National Portfolio Organisations, or funded through ....more In recognition of the challenges facing organisations leaving the National Portfolio and as a way of improving the support we provide to them, we will provide a transition period for those who were National Portfolio Organisations, or funded through Business Plan funding, during the year ended 31 March 2023 and that were not asked to join the 2023-26 Investment Programme.
Andrew Lloyd Webber Foundation - Grant to Watermill Theatre
£25,000	10/11/2022	Core funding
DCMS - Watermill Theatre
£197,646	01/04/2020	To support Arts and Culture throughout England
Andrew Lloyd Webber Foundation - Grant to Watermill Theatre
£46,600	27/03/2018 36	Production/Stage Management Assistant Trainee scheme - Covid-19 flexibility agreed
Andrew Lloyd Webber Foundation - Grant to Watermill Theatre
£45,000	12/03/2015	Watermill Production/Stage Management Assistant.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (13)

Current Trustees appointed

Gender Split

Based on 12/13 persons

Age Range of Trustees: 27-74

CAROLINE BARBER Appointed: 2024, Occupation: Solicitor

CRAIG TITLEY-RAWSON Appointed: 2023, Occupation: Trustee

DAVID GRINDROD Appointed: 2015, Occupation: Casting Director

DANIELLE POWELL Appointed: 2023, Occupation: Trustee

HOWARD ROBERT MARIO WILLIAMSON Appointed: 2021, Occupation: Company Director

KATHERINE JULIET BREATHWICK Appointed: 2021, Occupation: Broadcast Journalist

MARGARET WHITLUM- COOPER Appointed: 2016, Occupation: Arts Consultant

MICHAEL COWPER LYNAS Appointed: 2024, Occupation: Group Content & Creative Director

NICK HUMBY Appointed: 2023, Occupation: Trustee

REBECCA CHADDER Appointed: 2022, Occupation: Theatre Freelancer

ROSANNA JAHANGARD Appointed: 2023, Occupation: Trustee

SUNJIT BANSAL Appointed: 2021, Occupation: Chartered Accountant

THOMAS JAMES WENTWORTH Appointed: 2021, Occupation: Writer

Legal constitution

Charitable company registered in England & Wales on 11/08/1970, number: 261430
Registered at Companies House on 28/04/1970, number: 00978279

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
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

Filing Record

20 returns made; all on time

Main office

Mill House
Watermill Theatre
Bagnor
Newbury
Berkshire
RG20 8AE

Objectives

TO PROMOTE MAINTAIN AND IMPROVE AND ADVANCE EDUCATION PARTICULARLY BY THE PRODUCTION OF EDUCATIONAL PLAYS AND THE ENCOURAGEMENT OF THE ARTS INCLUDING THE ARTS OF DRAMA BALLET MUSIC SINGING LITERATURE SCULPTURE AND PAINTING. (FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM AND ARTICLES OF ASSOCIATION).

Defined Area of Benefit:

NOT DEFINED-IN PRACTICE NEWBURY AND DISTRICT

Data Sources

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