The Watches of Switzerland Group Foundation

Analysis

The Watches of Switzerland Group Foundation is a registered charity in England and Wales, based in Leicester. It was registered in November 2021, 5 years ago. Its declared purposes cover general charitable purposes, the advancement of health or saving of lives, disability and the prevention or relief of poverty, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 12935802). It says it makes grants to organisations.

In the financial year ending April 2025, The Watches of Switzerland Group Foundation reported income of £828k and spending of £1.5m, spending 181% of what it took in. Across the 4 years on record, from April 2022 to April 2025, income fell from £4.5m to £828k (-82%), an average of -43% a year. The sharpest change came in the year to April 2023, when income dropped by 67%. Over the whole period it spent 79% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, The Watches of Switzerland Group Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in England and Wales with reported income it ranks in the 93rd percentile. Charities of a similar size with the same main cause include Spa (Peggy Dodd) Bath (£828k), Bay Hospitals Charity (£828k) and National Survivor User Network (£827k).

In its latest detailed accounts, income came from donations and legacies 98%. Charitable activities took 100% of spending and raising funds 0.0%. Reserves of £1.8m would cover about 14 months of spending at that rate.

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.