WELLS MALTINGS TRUST

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -2.2%

  £411,653 → £402,586

• Cash

  -21.8%

  £15,083 → £11,795

• Net assets

  -5.8%

  £3,354,376 → £3,158,534

• Employees

  +15%

  20 → 23

• Profit before tax

  +30.2%

  -£280,742 → -£195,842

• Wages

  +3.5%

  £282,041 → £292,006

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mapus- Smith & Lemmon LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Wider economic pressures on private and public purses impacted on the charity's business again in the year, with the trend for rising costs in supplied and overheads such as energy costs increasing.”
• “Programming output of the charity saw a continued strengthening and increase of work specifically targeted at local audiences.”
• “Partnership programming is a major growth area. The collaboration with Screen next the Sea in providing quality film programming is also a highly valued aspect of our overall output.”
• “The Lounge a weekly club for 11-16 year olds - was launched in 2022 and by the beginning of 2025 was attracting regular attendance of over 20 young people from our community.”
• “A reinvigorated and revitalised board of trustees worked with the senior team in spring 2025 to define a strategic approach to the challenges of financial sustainability in the teeth of economic challenges and diminished public funding support.”
• “The Trust also received support from Wells Town Council for one year from April 2025 to support core tourist information centre services.”
• “Funding for the burgeoning range of activities for young people including The Lounge project has stabilised after initial start-up grants were secured in 2023 and 2024, and is a focus for future grant acquisition.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.