Finance Score: -4

Governance Score: 9

Support Score: 9

Liabilities <10%: +3
Excess liquidity: -1
Spending declining: -1
Multiple Deficits and declines: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +9

Overall GiG Score: 14

THE WATERSHED ARTS TRUST LIMITED

Watershed exists to provide opportunities for all to experience enjoy and learn about contemporary moving image media. Watershed is a media centre for the digital age offering a culturally diverse programme of work encompassing artists' commissions, residencies, on-line exhibition, touring programmes, festivals, events and a diverse programme of world cinema.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
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:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appeared to be considerably in excess of CC guidelines at the latest year end
Spending is declining
Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£3,703	£4,480	£-777	£0	£9,695	£8,362	22.4	55
31/03/22		£4,593	£4,615	£-22	£53	£10,378	£9,119	23.7	101
31/03/21	*	£4,489	£4,134	£354	£20	£10,400	£9,106	26.4	109
31/03/20		£6,072	£5,438	£634	£1,467	£10,045	£8,637	19.1	101
31/03/19		£6,241	£6,343	£-102	£54	£7,976	£6,503	12.3	101
31/03/18		£5,867	£5,797	£70	£53	£8,078	£6,465	13.4	91
31/03/17		£5,208	£5,261	£-53	£55	£8,008	£6,375	14.5	92
31/03/16		£6,255	£5,926	£329	£77	£8,060	£6,312	12.8	88
31/03/15		£4,972	£4,926	£46	£1,396	£7,731	£6,154	15	86
31/03/14		£4,514	£4,671	£-157	£1,334	£7,685	£6,018	15.5	83
31/03/13		£4,185	£4,418	£-234	£1,223	£7,842	£6,071	16.5	77
31/03/12		£3,707	£3,857	£-150	£1,269	£8,075	£6,202	19.3	77
31/03/11		£4,091	£4,170	£-79	£1,277	£8,226	£294	0.8	74
31/03/10		£4,107	£3,794	£313	£1,348	£8,305	£276	0.9	72
31/03/09		£2,389	£2,513	£-124	£1,441	£7,992	£273	1.3	74
31/03/08		£2,468	£2,331	£138	£1,308	£8,157	£396	2	70
31/03/07	*	£1,764	£1,694	£70	£1,085	£8,161	£256	1.8	67
31/03/06	*	£1,849	£1,850	£-1	£0	£0	£0	n/a	0
31/03/05	*	£1,632	£1,612	£20	£0	£0	£0	n/a	0
31/03/04		£1,463	£1,427	£36	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 8%
Liabilities/Income: 22%
Unrestricted Funds/Total Funds: 86%
Reserves/Spending: 22.4 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.6

Asset Split ?

Established: 42 years

www.watershed.co.uk

info@watershed.co.uk

01179276444

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Other charitable activities

Where it operates

Bristol City, Gloucestershire, Somerset,

Who it helps

Children/Young People
Other Defined Groups
The General Public/Mankind

Who works here?

55 employees

Who's supporting them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years

DCMS	£1,854,970
Department for Business, Energy and Industrial Strategy	£239,031
The Foyle Foundation	£100,000
Garfield Weston Foundation	£100,000

Specific Donations

Amount	When Months	To be used for
Department for Business, Energy and Industrial Strategy - MyWorld
£239,031	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=107137
DCMS - Culture Recovery Fund: Continuity Support
£149,280	27/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
DCMS - NPO application
£757,984	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - Watershed Arts Trust
£731,993	01/04/2020	To support Arts and Culture throughout England
DCMS - Watershed Arts Trust - CRF 2
£215,713	01/04/2020	To support Arts and Culture throughout England
The Foyle Foundation - Arts
£100,000	28/11/2019	phase 1 of capital development plans
Garfield Weston Foundation - Major Grants award
£100,000	24/09/2019	Phase 1 (E Shed) Development
DCMS - ALB - BFI - Education
£17,000	01/04/2019	hands-on filmmaking courses for 16-19 year olds, which aim to develop their knowledge and skills required to be part of the future of the UK film industry
DCMS - Education Fund\Film Academy\Network
£17,000	20/06/2018	Offering hands-on filmmaking courses to help develop and nurture your film knowledge and skills.
DCMS - Arts Tech Reference Group Development
£10,000	01/04/2018	Arts Tech Reference Group Development
DCMS - NPO application
£744,289	01/04/2018	NPO application
DCMS - NPO application
£186,072	01/04/2018	To support NPO application
Esmee Fairbairn - Grant to Watershed Arts Trust
£30,000	24/07/2012	Towards three short residencies to investigate collaborative working between technology experts and craft-makers.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 39-65

CHARLOTTE ANNE LESTER Appointed: 2022, Occupation: Head Of Public Policy Research

KATE DAISY ARTHURS Appointed: 2022, Occupation: British Council Arts Manager

LOUISE ANNMARIE DECORDOVA Appointed: 2022, Occupation: Democratic Services Manager

LOUISE NDIBWIRENDE MARIE GOUX-WIRTH Appointed: 2022

PATRICIA JANE TUTTLE Appointed: 2022, Occupation: Film Festival Director

SIDHARTH SHARMA Appointed: 2022, Occupation: Creative Director

JAMES GEORGE TOUZEL Appointed: 2003, Occupation: Solicitor

SHERRIE EUGENE-HART Appointed: 2016, Occupation: Broadcaster

STEPHEN GATFIELD Appointed: 2014, Occupation: Partner

Legal constitution

Charitable company registered in England & Wales on 18/03/1982, number: 284188
Registered at Companies House on 19/01/1982, number: 01608779

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
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

Filing Record

20 returns made; AR21: 1 days late, AR07: 2 days late, AR06: 1 days late, AR05: 3 days late,

Main office

WATERSHED ARTS TRUST LTD
1 CANONS ROAD
BRISTOL
BS1 5TX

Objectives

TO ADVANCE EDUCATION AND SKILLS IN AND INCREASE APPRECIATION AND UNDERSTANDING AMONGST ORGANISATIONS AND MEMBERS OF THE PUBLIC OF THE ARTS, INCLUDING DIGITAL ARTS, FILMS, GAMES, MUSIC, JOURNALISM, CREATIVE WRITING, DRAMA, MIME, OPERA, DANCE, BALLET, SINGING, PHOTOGRAPHY, RADIO PROGRAMMES, SCULPTURE, CARVING, POTTERY, PAINTING, DRAWING, DESIGN AND ALL OTHER FORMS OF ARTISTIC OR CREATIVE WORKS AND WHETHER FOR TRANSMISSION, DISSEMINATION, BROADCAST, PERFORMANCE OR EXHIBITION IN PHYSICAL SPACES, IN CINEMAS, ON TELEVISION, ON RADIO, VIA THE INTERNET, VIA MOBILE TELEPHONES (OR OTHER DEVICES AND MEDIA EXISTING OR IN THE FUTURE DEVELOPED), OR OTHERWISE.

Defined Area of Benefit:

UNDEFINED

Data Sources