Wells Maltings Trust

Analysis

Wells Maltings Trust is a registered charity in England and Wales, based in Norfolk. It was registered in January 2011, 15 years ago. Its declared purposes cover education/training, arts/culture/heritage/science, environment/conservation/heritage and economic/community development/employment, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 07279065). It says it provides buildings/facilities/open space and provides services.

In the financial year ending March 2025, Wells Maltings Trust reported income of £671k and spending of £867k, spending 129% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £602k to £671k (+11%), an average of +2.8% a year. The sharpest change came in the year to March 2023, when income rose by 28%. Over the whole period it spent 136% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, Wells Maltings Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in England and Wales with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include The London International Festival of Theatre Limited (£670k), Castlefield Gallery (£671k) and Beating Time (£669k).

In its latest detailed accounts, income came from trading 44%, donations and legacies 40% and charitable activities 16%. Charitable activities took 65% of spending and raising funds 34%. It employed 23 people.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.