Finance Score: -8

Governance Score: 9

Support Score: 5

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs high: -4

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 6

THE CHELTENHAM TRUST

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.

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
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

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

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		£7,792	£8,121	£-329	£1,986	£991	£854	1.3	204	43
31/03/22		£8,143	£7,317	£827	£1,932	£-378	£-681	-1.1	176	0
31/03/21		£4,538	£4,240	£298	£547	£-2,370	£-2,658	-7.5	176	0
31/03/20		£6,266	£6,376	£-110	£873	£-1,171	£-1,204	-2.3	215	180
31/03/19		£5,741	£5,909	£-168	£118	£-2,060	£-2,094	-4.3	182	180
31/03/18		£6,100	£6,120	£-20	£334	£-1,435	£-1,533	-3	206	0
31/03/17		£5,905	£6,066	£-162	£161	£-1,467	£-1,599	-3.2	210	0
31/03/16		£5,769	£5,752	£17	£101	£206	£163	0.3	217	0
31/03/15	*	£2,955	£2,878	£77	£35	£-870	£-982	-4.1	137	0

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Financial Ratios

Fundraising Costs/Relevant Income: 38.1%
Fundraising Costs/Total Spending: 24.5%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 66%
Liabilities/Income: 25%
Unrestricted Funds/Total Funds: 86%
Reserves/Spending: 1.3 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.2

Asset Split ?

Established: 10 years

www.cheltenhamtrust.org.uk

karyn.phelps@cheltenhamtrust.org.uk

01242256024

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Recreation

GiG Classification

Sports activities

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Gloucestershire,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

204 employees
43 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	£1,271,288
National Lottery Community Fund	£132,380
Wolfson Foundation	£0

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to The Wilson - Cheltenham Art Gallery & Museum
£0	07/12/2022	'Making Connections'. Grant of £101,250 under DCMS Wolfson Museums and Galleries Improvement Fund (round 14, grant ref. 21866). (WF contributing 50% of total grant of £202,500).
Wolfson Foundation - Grant to The Wilson - Cheltenham Art Gallery & Museum
£0	09/12/2021	Grant of £12,000 towards Angelica Kauffmann R.A.'s Portrait of John Rushout, 2nd Baron Northwick, 1794. Art Fund contributed £24,000. Grant paid via Art Fund (22052)
DCMS - The Cheltenham Town Hall - Recovery Plan
£852,161	01/04/2020	To support Arts and Culture throughout England
DCMS - The Cheltenham Trust - Cultural Rebuild
£419,127	01/04/2020	To support Arts and Culture throughout England
National Lottery Community Fund - #FuelThursdays
£122,840	28/08/2019 60	#FuelThursdays
National Lottery Community Fund - Cheltenham Young Filmmakers
£9,540	02/08/2019 12	The funding will be used to provide film making workshops and film screening events for young people living with disadvantage. The project aims to teach new skills, improve employment prospects and ....more The funding will be used to provide film making workshops and film screening events for young people living with disadvantage. The project aims to teach new skills, improve employment prospects and promote relationships.
DCMS - Observation, Imagination and Making; 100 years on - Ernest Gimson and the Arts and Crafts Movement
£100,000	01/04/2019	The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled ....more The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of interpretation. The scheme is open to four categories of museums and galleries.
Sport England - Swim Pilot Phase 3
£132,981	21/03/2017 10	Funding under Sport England's Swim Pilot funding programme for a Revenue project titled Swim Pilot Phase 3. This project lists its main activity as Swimming & Diving
Sport England - Swim Pilot Phase 3
£25,000	14/06/2016 10	Funding under Sport England's Swim Pilot funding programme for a Revenue project titled Swim Pilot Phase 3. This project lists its main activity as Swimming & Diving

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Age Range of Trustees: 39-70

BENJAMIN AVERIS Appointed: 2021, Occupation: Chartered Accountant

COUNCILLOR BARBARA CLARK Appointed: 2021, Occupation: Retired

COUNCILLOR STEVE HARVEY Appointed: 2022, Occupation: Retired

DANIEL WILSON Appointed: 2022, Occupation: Managing Director

GARY HASELEY-NEJRUP Appointed: 2022, Occupation: General Manager

GEMMA TAYLOR Appointed: 2021, Occupation: Corporate Communications Manager

JULIE JORDAN Appointed: 2022, Occupation: Retired

MIKE NAPIER (Chair) Appointed: 2024, Occupation: Non Exec Director

CLIVE RAWLINGS Appointed: 2020, Occupation: Barrister

ELIZABETH NAREY Appointed: 2020, Occupation: Finance Director

KATE PEDEN Appointed: 2020, Occupation: Fundraising Professional

SUNITA NELSON Appointed: 2020, Occupation: Data & Marketing Professional

Legal constitution

Charitable company registered in England & Wales on 18/09/2014, number: 1158606
Registered at Companies House on 01/05/2014, number: 09021431

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

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
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

Filing Record

9 returns made; AR15: 112 days late,

Main office

The Cheltenham Trust
Town Hall
Imperial Square
CHELTENHAM
Gloucestershire
GL50 1QA

Objectives

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/OR2. 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/OR3. 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 /OR4. 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).

Defined Area of Benefit:

GLOUCESTERSHIRE

Data Sources