Finance Score: -1

Governance Score: 9

Support Score: 8

Poor Liquidity: -1

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

Grant maker support: +8

Overall GiG Score: 16

CHELTENHAM FESTIVALS

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.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
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:

Liquidity appears to have been slender at the latest year end

Established: 57 years
(75 years as a company)

www.cheltenhamfestivals.com

HELENA.BIBBY@CHELTENHAMFESTIVALS.COM

01242850270

Charity Commission for England and Wales

Tweets

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
31/12/22	*	£7,020	£6,877	£143	£774	£638	£638	1.1	67	210
31/12/21		£4,172	£4,761	£-589	£593	£515	£471	1.2	51	196
31/12/20		£3,500	£2,685	£815	£514	£1,104	£1,026	4.6	51	98
31/12/19		£6,535	£6,439	£96	£776	£257	£181	0.3	59	566
31/12/18		£5,890	£5,697	£193	£731	£177	£124	0.3	64	450
31/12/17		£5,591	£5,468	£123	£694	£2	£-142	-0.3	61	0
31/12/16		£5,575	£5,876	£-302	£819	£-118	£-237	-0.5	58	0
31/12/15	*	£5,548	£5,298	£250	£801	£107	£21	0	58	0
31/12/14		£5,490	£5,302	£188	£977	£-143	£-224	-0.5	58	0
31/12/13		£5,443	£5,644	£-201	£1,069	£-331	£-397	-0.8	63	0
31/12/12		£4,887	£4,938	£-50	£823	£-131	£-164	-0.4	61	0
31/12/11	*	£4,149	£4,865	£-717	£833	£-80	£-119	-0.3	56	0
31/12/10		£3,770	£3,894	£-124	£364	£636	£593	1.8	39	0
31/12/09		£4,350	£3,742	£609	£333	£760	£711	2.3	36	0
31/12/08		£3,201	£3,230	£-30	£349	£152	£97	0.4	31	0
31/12/07		£2,241	£2,361	£-119	£217	£181	£121	0.6	23	0
31/12/06		£2,241	£2,361	£-119	£0	£0	£0	n/a	0	0
31/12/05		£2,330	£2,257	£74	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 13.8%
Fundraising Costs/Total Spending: 11.3%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 51%
Liabilities/Income: 10%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 1.1 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Gloucestershire,

Who it helps

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

Who works here?

67 employees
210 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	£2,253,673
Thirty Percy Foundation	£245,000
CHK Foundation	£20,000
National Lottery Community Fund	£10,000

Specific Donations

Amount	When Months	To be used for
DCMS - DataFace
£25,000	31/03/2022	DataFace is a year-round Learning and Participation project designed and delivered by Cheltenham Festivals in collaboration with CyberFirst as a cyber partner and Jean Golding Institute as a data ....more DataFace is a year-round Learning and Participation project designed and delivered by Cheltenham Festivals in collaboration with CyberFirst as a cyber partner and Jean Golding Institute as a data partner. Working with schools across Gloucestershire, the project enables young people to tell stories they care about through gathering and presenting data
DCMS - Culture Recovery Fund: Emergency Resource Support
£937,254	09/03/2022	This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted ....more This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
National Lottery Community Fund - BSL interpreters & live-captioning at 2022 Cheltenham Sci & Lit Festivals
£10,000	04/03/2022	The funding will be used to provide BSL interpreters and live captioning making activities and events assessable to people living with deafness and auditory disabilities.
Thirty Percy Foundation - Grant to Cheltenham Festivals
£220,000	07/08/2020	Replacement of restricted funding used in response to Covid-19
DCMS - Cheltenham Festivals
£217,480	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 - Cheltenham Festivals
£783,939	01/04/2020	To support Arts and Culture throughout England
DCMS - Cheltenham Festivals - Culture Recovery Fund Round 2
£290,000	01/04/2020	To support Arts and Culture throughout England
CHK Foundation - CHK Discretionary Grant
£20,000	23/03/2020	to support ongoing work
Thirty Percy Foundation - Grant to Cheltenham Festivals
£25,000	20/03/2020	Top up funding in response to Covid-19
Thirty Percy Foundation - Grant to Cheltenham Festivals
£540,000	01/01/2019	Support development of education and targeted outreach programmes as the core thread running throughout Cheltenham Festivals
National Lottery Community Fund - Community Opera - "A Likely Story"
£45,488	21/03/2018 14	The funding will be used to bring younger and older people together to share personal and community experiences through spoken word, songs and performances. A range of group workshops and training ....more The funding will be used to bring younger and older people together to share personal and community experiences through spoken word, songs and performances. A range of group workshops and training will culminate in a multi-generational community ‘opera’ involving people of different ages and backgrounds from across the community.
Department for Business, Energy and Industrial Strategy - AstroMakers: Exploring astronomy through making
£9,780	05/04/2017	[Placeholder]
National Lottery Community Fund - Celebrating Cheltenham's Culture
£10,000	01/09/2016 12	The organisation wishes to celebrate Cheltenhamâ€™s culture by October 2017. The planned events will be people led as it has engaged at the early consultation process with partners including ....more The organisation wishes to celebrate Cheltenhamâ€™s culture by October 2017. The planned events will be people led as it has engaged at the early consultation process with partners including Hesters Way Neighbourhood project, The Ashton project, Hesterâ€™s Way library, Polish Tenants and Residents Association, Monkscroft Care home, the Local Authority and local schools.
Nesta - ACE0274
£125,000	15/03/2013	Digital R&D Fund programme grant to Cheltenham Festivals Grant Ref ACE0274
Paul Hamlyn Foundation - Support for the Music and Maths events in the 2011 Music Festival
£7,500	25/02/2011	To underpin a programme of audience development initiatives and encourage Science Festival audiences to attend the music festival.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 32-67

ADRIAN FARNELL Appointed: 2021, Occupation: Director

ANDREW WILLIAMS Appointed: 2022, Occupation: Development Director

JONATHAN WHITE Appointed: 2022, Occupation: Retired

LUCY CARLTON-WALKER Appointed: 2022, Occupation: Place-Based Partnerships & Cultural Engagement Pro

PETER ANDREAS HOWARTH Appointed: 2021, Occupation: Director

SHAMIL MAKHECHA Appointed: 2018, Occupation: Director Of Race Equality Campaigns

MARK PHILIP-SORENSEN (Chair) Appointed: 2022, Occupation: Company Director

BEVERLEY GRIMSTER Appointed: 2018, Occupation: Services Manager, Other trusteeship: THEATRE WORKS,

DR DEBORAH THACKER Appointed: 2018, Occupation: Lecturer, Other trusteeship: THE DAVID VAISEY TRUST,

Legal constitution

Charitable company registered in England & Wales on 16/03/1967, number: 251765
Registered at Companies House on 30/06/1948, number: 00456573

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

18 returns made; AR22: 37 days late, AR15: 36 days late, AR11: 1 days late,

Recent reorganisation events:

Asset transfer in from THE SIR MICHAEL MCWILLIAM FOUNDATION on 25/08/2023

Main office

CHELTENHAM FESTIVALS
Hub8, Unit H
Brewery Quarter
Cheltenham
GL50 3FF

Objectives

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.

Defined Area of Benefit:

CHELTENHAM AND ELSEWHERE

Data Sources