CHELTENHAM FESTIVALS

Charity number: 251765
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Cheltenham Festivals runs four international festivals of jazz, science, music and literature. The programme is accompanied by a wide-reaching education and outreach programme. The festivals also specialise in developing young talented musicians, scientists and writers.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£6,790,701

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Donations and legacies £1.84m
Charitable activities £3.77m
Other trading activities £1.17m
Investments £9.64k
Other £0

Total expenditure:
£7,208,900

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Raising funds £739.84k
Charitable activities £6.47m
Other £0

£0 investments gains (losses)

Total income includes £217,480 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £739.84k
Charitable expenditure £6.47m

People

63 Employee(s)

10 Trustee(s)

316 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1
£80k to £90k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Gloucestershire

Governance

Registration history:
  • 16 March 1967: Standard registration
  • 25 August 2023: Funds received from 1156439 THE SIR MICHAEL MCWILLIAM FOUNDATION
Organisation type:
Charitable company
Other names:
  • CHELTENHAM ARTS FESTIVALS LIMITED (Previous name)
Company number:
00456573 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds 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
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mark Philip-Sorensen Chair 28 September 2022
None on record
Kiane Atanga Trustee 13 September 2024
None on record
Lauren Stone Trustee 13 September 2024
None on record
Andrew Williams Trustee 28 September 2022
None on record
Lucy Carlton-Walker Trustee 28 September 2022
None on record
Jonathan White Trustee 28 September 2022
None on record
Adrian Farnell Trustee 08 December 2021
None on record
Peter Andreas Howarth Trustee 22 October 2021
None on record
Beverley Grimster Trustee 21 September 2018
THEATRE WORKS
Received: On time
Dr Deborah Thacker Trustee 21 September 2018
THE DAVID VAISEY TRUST
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £6.53m £3.50m £4.17m £7.02m £6.79m
Total expenditure £6.44m £2.68m £4.76m £6.88m £7.21m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £213.55k £1.05m £871.23k £216.50k £217.48k
Income - Donations and legacies £1.38m £2.47m £1.80m £2.39m £1.84m
Income - Other trading activities £1.66m £738.90k £985.43k £1.42m £1.17m
Income - Charitable activities £3.49m £291.97k £1.39m £3.21m £3.77m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.19k £1.52k £498 £2.86k £9.64k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £8.00k £8.00k £0 £100.00k
Expenditure - Charitable activities £5.66m £2.17m £4.17m £6.10m £6.47m
Expenditure - Raising funds £776.39k £514.18k £592.80k £773.87k £739.84k
Expenditure - Governance £21.18k £18.86k £25.40k £33.39k £8.96k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £71.82k £75.65k £165.68k £148.92k £88.39k
Long-term investments £0 £0 £0 £0 £1
Other assets £1.34m £1.83m £1.38m £1.16m £1.20m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.16m £799.14k £1.03m £673.86k £1.11m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 27 September 2024 On Time
Accounts and TAR 31 December 2023 27 September 2024 On Time Download Open in new window
Annual return 31 December 2022 07 December 2023 37 days late
Accounts and TAR 31 December 2022 07 December 2023 37 days late Download Open in new window
Annual return 31 December 2021 26 October 2022 On Time
Accounts and TAR 31 December 2021 26 October 2022 On Time Download Open in new window
Annual return 31 December 2020 29 September 2021 On Time
Accounts and TAR 31 December 2020 29 September 2021 On Time Download Open in new window
Annual return 31 December 2019 09 October 2020 On Time
Accounts and TAR 31 December 2019 09 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 12/06/1948 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/02/1967 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05/03/1990 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23/05/1994 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/05/1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14/05/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30/09/2005 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 31/01/2006 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 07/09/2012 AS AMENDED ON 10 DEC 2020 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14 JUL 2022

Charitable objects

TO PROMOTE THE ARTS AND SCIENCES GENERALLY AND ADVANCE EDUCATION BY MEANS OF FESTIVALS OF THE ARTS, SCIENCES AND ENTERTAINMENTS IN THE BOROUGH OF CHELTENHAM AND ELSEWHERE IN SUCH MANNER, AT SUCH TIMES, IN SUCH PLACES AND SO OFTEN AS THE BOARD OF THE ASSOCIATION SHALL THINK FIT AND DO ALL SUCH THINGS AS ARE INCIDENTAL OR NECESSARY TO THE ATTAINMENT OF SUCH OBJECTS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

CHELTENHAM AND ELSEWHERE

Contact information

Address:
Cheltenham Festivals
53-57 Rodney Road
CHELTENHAM
Gloucestershire
GL50 1HX
Phone:
01242850270
Email:
HELENA.BIBBY@CHELTENHAMFESTIVALS.ORG
Website:

www.cheltenhamfestivals.org Open in new window