THE CHELTENHAM TRUST

Charity Number: 1158606
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The advancement and support of education, culture, arts and heritage including the provision of museums, galleries, events and activities. The provision of facilities for recreation or other leisure time occupation in the interest of social welfare. The promotion of good health and wellbeing through community and public participation in healthy recreation and activities.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£8,301,878

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Donations and legacies £0
Charitable activities £5.98m
Other trading activities £2.21m
Investments £108.11k
Other £0

Total expenditure:
£8,159,192

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Raising funds £1.79m
Charitable activities £6.37m
Other £0

£0 investments gains (losses)

Total income includes £611,281 from 1 government contract(s) and £321,639 from 6 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 £1.79m
Charitable expenditure £6.37m
Retained for future use £142.69k

People

208 Employee(s)

13 Trustee(s)

38 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

What the charity does:
  • Arts/culture/heritage/science
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old 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:
  • 18 September 2014: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
09021431 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • 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
  • Investment
  • 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 does not own and/or lease 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

13 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mike Napier Chair 25 March 2024
None on record
Glenn Andrews Trustee 30 July 2024
None on record
Dr Jane Martin Trustee 18 July 2024
None on record
Julia Goldsworthy Trustee 18 July 2024
None on record
Lisa Bond Trustee 18 July 2024
None on record
Daniel Wilson Trustee 25 May 2022
None on record
Councillor Barbara Clark Trustee 28 July 2021
None on record
Benjamin Averis Trustee 02 July 2021
None on record
Gemma Taylor Trustee 02 July 2021
None on record
Clive Rawlings Trustee 03 July 2020
None on record
Elizabeth Narey Trustee 03 July 2020
None on record
Kate Peden Trustee 03 July 2020
None on record
Sunita Nelson Trustee 03 July 2020
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £6.27m £4.54m £8.14m £7.79m £8.30m
Total expenditure £6.38m £4.24m £7.32m £8.12m £8.16m
Income from government contracts £1.03m £955.24k £936.02k N/A £611.28k
Income from government grants £203.43k £927.24k £1.57m £1.10m £321.64k
Income - Donations and legacies £14.23k £29.69k £9.48k £0 £0
Income - Other trading activities £1.12m £826.06k £2.12m £2.58m £2.21m
Income - Charitable activities £5.12m £3.68m £6.01m £5.21m £5.98m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £5.26k £27 £0 £2.68k £108.11k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £5.50m £3.69m £5.38m £6.13m £6.37m
Expenditure - Raising funds £873.16k £547.20k £1.93m £1.99m £1.79m
Expenditure - Governance £0 £12.55k £13.50k £0 £13.43k
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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £106.67k £77.37k £114.75k £223.13k £212.72k
Long-term investments £0 £0 £0 £0 £0
Other assets £1.96m £2.14m £2.88m £2.68m £3.59m
Defined benefit pension scheme asset or liability -£1.21m -£2.73m -£1.74m £0 £0
Total liabilities £2.03m £1.86m £1.64m £1.91m £2.68m

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 March 2024 30 January 2025 On Time
Accounts and TAR 31 March 2024 30 January 2025 On Time Download Open in new window
Annual return 31 March 2023 03 January 2024 On Time
Accounts and TAR 31 March 2023 03 January 2024 On Time Download Open in new window
Annual return 31 March 2022 21 December 2022 On Time
Accounts and TAR 31 March 2022 21 December 2022 On Time Download Open in new window
Annual return 31 March 2021 26 January 2022 On Time
Accounts and TAR 31 March 2021 26 January 2022 On Time Download Open in new window
Annual return 31 March 2020 31 January 2021 On Time
Accounts and TAR 31 March 2020 31 January 2021 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 01/05/2014 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 08/07/2014 as amended on 23 Mar 2018

Charitable objects

THE OBJECTS OF THE CHARITY ARE: 1. THE ADVANCEMENT AND SUPPORT OF EDUCATION, CULTURE, ARTS, AND HERITAGE INCLUDING THE PROVISION OF LIBRARIES, MUSEUMS, GALLERIES, LEARNING AND INFORMATION CENTRES, ARCHIVES, ACTIVITIES, EVENTS, PROGRAMMES AND OTHER RELATED SERVICES, AND/OR 2. THE PROVISION OR ASSISTANCE IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE SUCH FACILITIES BEING PROVIDED TO THE PUBLIC AT LARGE SAVE THAT SPECIAL FACILITIES MAY BE PROVIDED TO PERSONS WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL OR ECONOMIC CIRCUMSTANCES MAY HAVE NEED OF SPECIAL FACILITIES AND SERVICES, AND/OR 3. THE PROMOTION AND PRESERVATION OF GOOD HEALTH AND WELLBEING THROUGH COMMUNITY AND PUBLIC PARTICIPATION IN HEALTHY RECREATION AND ACTIVITIES UNDERTAKEN PURSUANT TO OBJECTIVES 1 AND 2 AND /OR 4. SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE PUBLIC CONSISTENT WITH THE OBJECTS ABOVE AS THE DIRECTOR TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE. WITHIN ENGLAND AND WALES (THE "OBJECTS").

Area of benefit

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

GLOUCESTERSHIRE

Contact information

Address:
The Cheltenham Trust
Town Hall
Imperial Square
CHELTENHAM
Gloucestershire
GL50 1QA
Phone:
01242256024
Email:
karyn.phelps@cheltenhamtrust.org.uk
Website:

www.cheltenhamtrust.org.uk Open in new window