Finance Score: 1

Governance Score: 8

Support Score: 8

Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 17

CHICHESTER FESTIVAL THEATRE

With its two auditoria, together offering some 1,600 seats, Chichester Festival Theatre is the major publicly funded theatre resource in the South East of England. It aims to balance a repertory of diverse and challenging productions and a socially inclusive educational policy with high attendances from a wide geographic and demographic spread.

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 23 years

www.cft.org.uk

marketing@cft.org.uk

01243784437

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£17,220	£17,663	£-443	£376	£22,277	£21,760	14.8	168	104
31/03/22		£11,162	£12,275	£-1,113	£311	£22,720	£10,896	10.7	147	33
31/03/21		£5,644	£5,784	£-140	£374	£23,832	£11,139	23.1	138	35
31/03/20		£15,850	£16,568	£-718	£380	£23,972	£10,514	7.6	164	66
31/03/19		£15,830	£15,795	£35	£349	£24,690	£10,456	7.9	158	74
31/03/18		£15,722	£14,966	£756	£339	£24,655	£9,656	7.7	161	0
31/03/17		£17,165	£17,159	£7	£369	£23,899	£8,247	5.8	155	0
31/03/16		£14,668	£15,353	£-684	£321	£23,892	£7,345	5.7	143	0
31/03/15		£17,018	£13,736	£3,282	£1,995	£24,577	£5,583	4.9	80	0
31/03/14		£20,874	£12,395	£8,480	£1,159	£21,295	£5,198	5	133	0
31/03/13		£15,587	£9,766	£5,821	£1,482	£12,815	£6,352	7.8	157	0
31/03/12		£13,728	£13,875	£-146	£2,068	£6,994	£5,922	5.1	180	0
31/03/11		£12,469	£9,661	£2,808	£921	£7,140	£6,291	7.8	155	0
31/03/10		£9,988	£9,750	£238	£784	£4,332	£3,473	4.3	163	0
31/03/09		£10,079	£9,242	£837	£717	£4,094	£3,483	4.5	148	0
31/03/08		£8,648	£7,953	£696	£521	£3,257	£3,179	4.8	106	0
31/03/07		£7,553	£6,855	£698	£500	£2,562	£2,562	4.5	111	0
31/03/06		£5,861	£5,870	£-9	£0	£0	£0	n/a	0	0
31/03/05	*	£5,988	£6,146	£-158	£0	£0	£0	n/a	0	0
31/03/04	*	£4,652	£4,919	£-267	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 3%
Fundraising Costs/Total Spending: 2.1%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 18%
Liabilities/Income: 29%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 14.8 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.4

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

West Sussex,

Who it helps

The General Public/Mankind

Who works here?

168 employees
104 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£3,073,759
The Foyle Foundation	£45,000
Andrew Lloyd Webber Foundation	£19,436

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Arts
£45,000	21/04/2022	towards energy efficient lighting - 20 ETC Desire Fresnels and related hardware for the Festival Theatre (awarded grant in response to coronavirus)
DCMS - Culture Recovery Fund: Continuity Support
£348,261	27/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
DCMS - National Portfolio Organisation Application 2018-2022
£1,772,234	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - Culture Recovery Fund - CFT Grant Application
£953,264	01/04/2020	To support Arts and Culture throughout England
Andrew Lloyd Webber Foundation - Grant to Chichester Festival Theatre
£19,436	26/11/2019 36	Young Practitioners Programme - Covid-19 flexibility agreed

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Age Range of Trustees: 26-74

CAROLINE DENISE NEWLING Appointed: 2022, Occupation: Theatre Producer

HAROLD NSAMBA MATOVU KC Appointed: 2014

HUGH WILLIAM TYLER SUMMERS Appointed: 2022, Occupation: Theatre Producer

JEAN VIANNEY CORDEIRO Appointed: 2022, Occupation: Corporate Finance And Strategy

JESSICA SIAN LOUISE BROWN-FULLER Appointed: 2023, Occupation: Consultant

NATASHA GLADMAN Appointed: 2023, Occupation: Marketing Consultant

PATRICK GEORGE DILLON Appointed: 2023, Occupation: Consultant

STEPHANIE STREET Appointed: 2018

MARK FOSTER Appointed: 2022, Occupation: Leader In Technology Consulting Businesses, Other trusteeship: THE PEASLAKE SCHOOLS TRUST,

NEIL ADLEMAN Appointed: 2024, Occupation: Solicitor, Other trusteeships: THE PEGGY RAMSAY FOUNDATION, SPLIT INFINITIVE TRUST, SHEFFIELD THEATRES CRUCIBLE TRUST,

PHILIP ANTHONY SHEPHERD Appointed: 2019, Occupation: Chartered Accountant

RADM RICHARD JOHN LIPPIETT Appointed: 2016, Occupation: Consultant

VICTORIA ILLINGWORTH Appointed: 2019, Occupation: Principal

NITIN PASRICHA Appointed: 2020, Occupation: Retired, Other trusteeships: SUSSEX WILDLIFE TRUST, LUMOS FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 24/09/2001, number: 1088552
Registered at Companies House on 02/05/2001, number: 04210225

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR05: 37 days late, AR04: 1 days late,

Recent reorganisation events:

Asset transfer in from SUSSEX ARTS ACADEMY on 11/08/2021

Main office

Chichester Festival Theatre
Oaklands Park
Chichester
PO19 6AP

Objectives

THE OBJECTS FOR WHICH THE COMPANY IS ESTABLISHED ARE:- TO ENCOURAGE THE PROMOTION AND ADVANCEMENT OF AESTHETIC EDUCATION AND THE CULTIVATION AND IMPROVEMENT OF PUBLIC TASTE IN DRAMA, OPERA, MUSIC, PAINTING AND THE OTHER ARTS BY PROVIDING, PRESENTING, PRODUCING, ORGANISING, MANAGING AND CONDUCTING PERFORMANCES OF PLAYS, OPERA, BALLET, FILMS, CONCERTS, CLASSICAL, EDUCATIONAL AND OTHER SIMILAR EVENTS OF CULTURAL VALUE TO THE COMMUNITY. THIS SHALL BE THE MAIN OBJECT OF THE COMPANY.

Defined Area of Benefit:

NOT DEFINED, IN PRACTICE CHICHESTER

Data Sources