THE OLIVE MATTHEWS COLLECTION
The CIO achieves its objectives by renting The Cedars, a Grade II listed Regency town house in Chertsey, to Runnymede Borough Council under a long-term agreement. The Council runs a local history museum from The Cedars known as Chertsey Museum. Under the agreement the Council curates, stores and displays items from the collection. The CIO pays the Council a contribution towards its costs.
Objects
(1) THE OBJECT OF THE CIO IS TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ARTS, IN PARTICULAR THROUGH MAINTAINING THE OLIVE MATTHEWS COLLECTION IN ITS ENTIRETY AND MAKING THE COLLECTION AVAILABLE FOR DISPLAY TO THE GENERAL PUBLIC:(A) BY RUNNYMEDE BOROUGH COUNCIL IN ITS MUSEUM IN CHERTSEY OR IN SOME OTHER SUITABLE MUSEUM IN THE BOROUGH OF RUNNYMEDE; OR(B) IN SUCH OTHER LOCAL AUTHORITY, REGIONAL OR NATIONAL MUSEUM(S) WITHIN THE UNITED KINGDOM AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME SEE FITPROVIDED THAT IF THERE IS, IN THE OPINION OF THE CHARITY TRUSTEES, MORE THAN ONE SUITABLE MUSEUM THE CHARITY TRUSTEES MAY DIVIDE THE COLLECTION BETWEEN SUCH MUSEUMS IN SUCH MANNER AND IN SUCH SHARES AS THEY MAY IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME DECIDE.(2) FOR THE PURPOSES OF THIS CLAUSE 3 (AND IN THIS CONSTITUTION MORE GENERALLY) “THE OLIVE MATTHEWS COLLECTION” AND THE “COLLECTION” MEANS THE COLLECTION OF COSTUMES, BRODERIES, BUCKLES, FANS, WATCHES, OTHER FASHION ACCESSORIES, SILVER AND OTHER OBJECTS OF ANTIQUE CRAFTSMANSHIP OR HISTORIC INTEREST ORIGINALLY SETTLED ON TRUST BY OLIVE MARY MATTHEWS PURSUANT TO A DEED OF TRUST DATED 12 MARCH 1969 AND MADE BETWEEN (1) OLIVE MARY MATTHEWS; AND (2) SYDNEY ALFRED OLIVER, BERNARD FREDERICK JONES PARDOE AND JOHN AUSTEN NELSON-JONES, AND ANY SUBSEQUENT ADDITIONS TO THAT COLLECTION PROVIDED THAT THE CIO MAY ALSO MAINTAIN AND DISPLAY SEPARATE COLLECTIONS, WHICH NEED NOT FORM PART OF THE COLLECTION, AND CLAUSE 3(1) SHALL BE READ ACCORDINGLY.
Financial health, per its FY2025 accounts
The charity reported a net movement in funds of a £124,803 decrease for the year ended 31 March 2025, driven largely by a £137,014 loss on assets, despite an operating profit of £12,211. Total unrestricted reserves stood at £3,876,034, with £215,454 held in the general fund available for unrestricted use. The trustees confirmed the charity is a going concern, citing sufficient working capital and cash holdings of £314,060.
What the accounts disclose
“The charity relies on income from investments £31,787 (2024: £33,607) and rental income £162,122 (2024: £184,439).” — page 9
“The trustees aim to maintain reserves in unrestricted and undesignated funds at a level which the trustees consider will provide sufficient funds to fund the charity’s activities and to cover support and governance costs.” — page 10
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Property (HM Land Registry)
Register events
- Received assets from another charity (13/06/2022)
Trustees
- Timothy John Hardestychair
- Estrella Diane De Glanville
- Gerald John Drake
- JANET ELIZABETH WOOD
- Richard Thomas Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £194k | £182k |
| 31/03/2024 | £218k | £185k |
| 31/03/2023 | £217k | £164k |
| 31/03/2022 | £166k | £189k |
Common questions
Is THE OLIVE MATTHEWS COLLECTION financially healthy?
Per its FY2025 accounts: The charity reported a net movement in funds of a £124,803 decrease for the year ended 31 March 2025, driven largely by a £137,014 loss on assets, despite an operating profit of £12,211. Total unrestricted reserves stood at £3,876,034, with £215,454 held in the general fund available for unrestricted use. The trustees confirmed the charity is a going concern, citing sufficient working capital and cash holdings of £314,060. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DAVID BROWNLOW CHARITABLE FOUNDATION | 1 | £10k |
| THE PRET FOUNDATION | 1 | £8k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LUKE'S, MAIDENHEAD | 1 | £4k |
| SIR JULES THORN CHARITABLE TRUST | 1 | £3k |
| NORMANBY CHARITABLE TRUST | 1 | £500 |
Charities like this
- CC FOUNDATION
- THE DRS GREEN AND SLATER REST HOUSES CIO
- OAKHALL CHURCH, CATERHAM
- WINDSOR & MAIDENHEAD YOUTH AND COMMUNITY COUNSELLING SERVICE
- Chester Le Street United Foundation
- JCD FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE OLIVE MATTHEWS COLLECTION | £194k | — | 0 | unclear | — | no doubt |
| CC FOUNDATION | £187k | — | 0 | unclear | — | no doubt |
| THE DRS GREEN AND SLATER REST HOUSES CIO | £223k | — | 0 | unclear | — | no doubt |
| OAKHALL CHURCH, CATERHAM | £567k | — | 0 | within | — | no doubt |
| WINDSOR & MAIDENHEAD YOUTH AND COMMUNITY COUNSELLING SERVICE | £1.0m | — | 0 | above | — | no doubt |
| Chester Le Street United Foundation | £256k | — | 0 | below | — | no doubt |