Xcelerate

Registered charity 1167867 · accounts filings on the Charity Commission register · also known as LOWER LAKES

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.

Area of benefit: LOCAL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Environment/conservation/heritage · Recreation · website · Get email alerts

Latest income
£68k
Latest spending
£88k
Registered
2016
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Ice Hockey 2024-2025 (sponsors) (26% of income)
“Ice Hockey 2024-2025 (sponsors) 17,630.00”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Somerset

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund25/09/2024£20kMove into better mental health
Somerset Community Foundation07/06/2024£10kUpdating facilities for a youth group in Chilton Trinity
Somerset Community Foundation03/07/2018£250Chilton Trinity Youth Club
Somerset Community Foundation18/06/2018£2kDedicated to You
Somerset Community Foundation10/07/2017£770Dedicated to You
Somerset Community Foundation26/10/2016£1kYou Don't Know Until You Try