COTSWOLD LAKES TRUST
To provide facilities for the benefit of the public,and in particular the inhabitants of Gloucestershire and Wiltshire, in the interests of social welfare for education, conservation, recreation and leisure time occupation at the Cotswold Water Park.
Objects
3. OBJECTS THE OBJECTS OF THE CHARITY ("THE OBJECTS ") ARE TO PROVIDE FOR THE BENEFIT OF THE PUBLIC, AND IN PARTICULAR FOR THE INHABITANTS OF GLOUCESTERSHIRE AND WILTSHIRE, FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR EDUCATION, CONSERVATION, RECREATION AND LEISURE TIME OCCUPATION AT THE COTSWOLD WATER PARK AND IN PARTICULAR TO:-3.1 TRY TO ACHIEVE A BALANCE BETWEEN DEVELOPMENT, RECREATION AND NATURE CONSERVATION INTERESTS CONCURRENTLY3.2 ASSIST IN ACHIEVING POLICIES AND PRACTICES TO SUSTAIN THE CURRENT NATURE CONSERVATION VALUE OF THE PARK3.3 ASSIST IN ACHIEVING THE PROVISION OF APPROPRIATE PUBLIC ACCESS FOR ALL TO SITES AND FACILITIES IN THE PARK FOR RECREATION PURPOSES3.4 ASSIST IN CREATING A COHESIVE IMAGE FOR THE PARK AND PROVIDE AND EDUCATIONAL RESOURCE FOR THE PUBLIC GENERALLY3.5 PROMOTE THE PARK AND ITS FACILITIES AS A RESOURCE FOR PUBLIC ENJOYMENT OF APPROPRIATE COUNTRYSIDE RECREATION, AMENITY AND WILDLIFE3.6 CONSERVE AND IMPROVE THE LANDSCAPE BY THE INTEGRATION OF RESTORED MINERAL WORKINGS INTO A NEW LANDSCAPE STRUCTURE AND GENERAL ENHANCEMENT OF THE PARK 3.7 MAKE REPRESENTATIONS TO LOCAL AUTHORITIES AND OTHER PERSONS ON LAND MANAGEMENT AND USE IN THE PARK.3.8 ENCOURAGE, PROMOTE AND IMPLEMENT THE CREATION, CONSERVATION AND MANAGEMENT OF WILDLIFE HABITAT, PARTICULARLY IN THOSE PARTS OF THE PARK WHICH HAVE BEEN IDENTIFIED AS BEING OF SPECIAL IMPORTANCE3.9 ASSIST THE LOCAL COMMUNITIES TO PREPARE AND CARRY OUT WORKS RELATING TO THE IMPROVEMENT AND MANAGEMENT OF THE SETTLEMENT PROTECTION ZONES AND SUCH OTHER AREAS AS MAY BE APPROPRIATE3.10 PURSUE QUALITY SUSTAINABLE IMPROVEMENT IN ENVIRONMENTAL REGENERATION IN PARTNERSHIP WITH BUSINESS, PUBLIC AUTHORITIES AND COMMUNITIES3.11 ENCOURAGE THE PUBLIC, PRIVATE AND VOLUNTARY SECTORS TO TAKE CONCERTED ACTION TO IMPROVE THE ENVIRONMENT3.12 INTERPRET AND PRESENT TO THE PUBLIC THE HERITAGE, LANDSCAPE AND NATURE CONSERVATION OF THE PARK3.13 ASSIST IN MAINTAINING AND IMPROVING PUBLIC RIGHTS OF WAY TO ENABLE THEIR USE BY ALL MEMBERS OF THE PUBLIC3.14 ENCOURAGE SAFE USE OF WATER AREAS IN THE PARK 3.15 THE PROVISION OF PUBLIC PARKS OR OTHER PUBLIC FACILITIES OF AN ENVIRONMENTAL, EDUCATIONAL OR RECREATIONAL NATURE, PROVIDED THAT THE PARKS OR FACILITIES ARE NOT TO BE OPERATED AT A PROFIT.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a consolidated deficit of £89,954 for the year ended 31 March 2025, resulting in a decrease in net assets. The charity holds unrestricted reserves of £2,634,658, which the trustees note are significantly higher than their policy target of 12 months of expenditure, although these reserves are fully represented by fixed assets that cannot be easily sold.
What the accounts disclose
“CLT has a long-term aim of maintaining group reserves, in the form of unrestricted funds, equivalent to 12 months of group total resources expended.” — page 12
“The Trustees believe that the only uncertainty at present involves the sale of the compound at Cleveland Lakes held within Cotswold Water Park Society Limited which is included in our budget and cash flow forecasts and is required in order to meet loan obligations. The sale is dependent on planning permission being granted which the Trustees expect to happen soon. However, if the compound sale fails to complete, there are alternative plans to ensure the Group can repay their debts as they fall due.” — page 28
“During the year, management charges were charged from Cotswold Lakes Trust to Cotswold Water Park Society Limited and Cotswold Lakes Trading Limited, totalling £155,224 (2024: £155,224). At the year end, £333,602 (2024: £338,051) was owed to Cotswold Water Park Society Limited, and £95,810 (2024: £84,247) was included in amounts owed from Cotswold Lakes Trading Limited.” — page 52
“During the year ended 31 March 2024, a loan of £140,000 was made to the Cotswold Water Park Society from a company wholly owned by a trustee of Cotswold Lakes Trust at a rate of 1% below the Bank of England's bank rate. At the year end, £146,984 (2024: £141,469) was owed.” — page 52
“During the year, management charges were charged from Cotswold Lakes Trust to Cotswold Water Park Society Limited and Cotswold Lakes Trading Limited, totalling £155,224 (2024: £155,224). At the year end, £333,602 (2024: £338,051) was owed to Cotswold Water Park Society Limited, and £95,810 (2024: £84,247) was included in amounts owed from Cotswold Lakes Trading Limited.” — page 52
“During the year ended 31 March 2024, a loan of £140,000 was made to the Cotswold Water Park Society from a company wholly owned by a trustee of Cotswold Lakes Trust at a rate of 1% below the Bank of England's bank rate. At the year end, £146,984 (2024: £141,469) was owed.” — page 52
“During the year, management charges were charged from Cotswold Lakes Trust to Cotswold Water Park Society Limited and Cotswold Lakes Trading Limited, totalling £155,224 (2024: £155,224). At the year end, £333,602 (2024: £338,051) was owed to Cotswold Water Park Society Limited, and £95,810 (2024: £84,247) was included in amounts owed from Cotswold Lakes Trading Limited.” — page 52
“During the year ended 31 March 2024, a loan of £140,000 was made to the Cotswold Water Park Society from a company wholly owned by a trustee of Cotswold Lakes Trust at a rate of 1% below the Bank of England's bank rate. At the year end, £146,984 (2024: £141,469) was owed.” — page 52
“Cotswold Lakes Trading Limited (formerly Cotswold Water Park Estates and Ranger Services Limited) (CWPERS) is a trading subsidiary of the Cotswold Lakes Trust.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- 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
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (20/12/2022)
Trustees
- PAUL MALCOLM HAZELchair
- Christopher Snook
- Heidi Thompson
- James Boulding
- Jeffrey Sissons
- Judith Mary Walpole
- Michael Brian John Low
- Philippa Mary Langford
- WILLIAM MARTIN KINGSTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £582k | £672k |
| 31/03/2024 | £451k | £618k |
| 31/03/2023 | £701k | £572k |
| 31/03/2022 | £609k | £558k |
| 31/03/2021 | £333k | £333k |
Common questions
Is COTSWOLD LAKES TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a consolidated deficit of £89,954 for the year ended 31 March 2025, resulting in a decrease in net assets. The charity holds unrestricted reserves of £2,634,658, which the trustees note are significantly higher than their policy target of 12 months of expenditure, although these reserves are fully represented by fixed assets that cannot be easily sold. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/05/2026 | £14k | Fun nature-based activities for disadvantaged young people |
| Sport England | 03/06/2025 | £4k | Lakeside Link |
| The National Lottery Heritage Fund | 05/07/2023 | £238k | "BASE" |
| The National Lottery Community Fund | 02/09/2022 | £10k | Cotswold Lakes Big Volunteering Weekend |
| The National Lottery Heritage Fund | 06/07/2020 | £23k | "COVID19: Cotswold Water Park Trust" |
| The National Lottery Heritage Fund | 05/02/2020 | £35k | "Improving the resilience of The Cotswold Water Park Trust" |
| The National Lottery Heritage Fund | 11/01/2011 | £19k | "'If only they were still alive' - understanding and celebrating a changing historic landscape" |
| The National Lottery Community Fund | 17/07/2009 | £8k | Willo Lantern Pageant |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GREEN HALL FOUNDATION | 1 | — |
| BARNWOOD TRUST | 1 | £175k |
| THE BAND TRUST | 1 | £60k |
| ROBERT LUFF FOUNDATION LIMITED | 1 | £45k |
| The Neath Port Talbot Community Voluntary Service Limited | 1 | £35k |
| THE SIR JAMES RECKITT CHARITY | 1 | £18k |
| THE PENNIES FOUNDATION | 1 | £12k |
| The Ashley Family Foundation | 1 | £10k |
Charities like this
- COTSWOLD COUNSELLING
- HEREFORDSHIRE AND GLOUCESTERSHIRE CANAL TRUST LIMITED
- WEST WALES RIVERS TRUST
- FRIENDS OF THE COTSWOLDS
- THE LAKE DISTRICT CALVERT TRUST
- COTSWOLD EDGE DISTRICT SCOUT COUNCIL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| COTSWOLD LAKES TRUST | £582k | — | 0 | unclear | — | noted |
| COTSWOLD COUNSELLING | £374k | — | 0 | above | — | no doubt |
| HEREFORDSHIRE AND GLOUCESTERSHIRE CANAL TRUST LIMITED | £151k | — | 0 | unclear | — | no doubt |
| WEST WALES RIVERS TRUST | £884k | — | 0 | unclear | — | no doubt |
| FRIENDS OF THE COTSWOLDS | £173k | £35,520 | 0 | unclear | — | no doubt |
| THE LAKE DISTRICT CALVERT TRUST | £2.0m | — | — | unclear | — | no doubt |