Xcelerate
Promote for the benefit of the inhabitants of Somerset and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Objects
THE OBJECT OF THE CIO IS TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF SOMERSET AND THE SURROUNDING AREA THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS.
Financial health, per its FY2025 accounts
The accounts state that the charity operated at a loss of £20,592.66 for the year ended 30 June 2025, with total income of £67,643.60 against total costs of £86,856.26. The trustees report that total income was in line with expectations and that a similar level of reserves is being carried forward to the next year.
What the accounts disclose
“Ice Hockey 2024-2025 (sponsors) 17,630.00”
Policies the charity declares
- 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
- Investing charity funds policy and procedures
- 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
Trustees
- ANTHONY JACKSONchair
- Colin Hall
- Tom Jacobs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £68k | £88k |
| 30/06/2024 | £226k | £54k |
| 30/06/2023 | £75k | £60k |
| 30/06/2022 | £68k | £50k |
| 30/06/2021 | £92k | £40k |
Common questions
Is Xcelerate financially healthy?
Per its FY2025 accounts: The accounts state that the charity operated at a loss of £20,592.66 for the year ended 30 June 2025, with total income of £67,643.60 against total costs of £86,856.26. The trustees report that total income was in line with expectations and that a similar level of reserves is being carried forward to the next year. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 25/09/2024 | £20k | Move into better mental health |
| Somerset Community Foundation | 07/06/2024 | £10k | Updating facilities for a youth group in Chilton Trinity |
| Somerset Community Foundation | 03/07/2018 | £250 | Chilton Trinity Youth Club |
| Somerset Community Foundation | 18/06/2018 | £2k | Dedicated to You |
| Somerset Community Foundation | 10/07/2017 | £770 | Dedicated to You |
| Somerset Community Foundation | 26/10/2016 | £1k | You Don't Know Until You Try |