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.
Objects
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.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus for the year, with total incoming resources increasing by 5% to £7,498,644 compared to the previous year. The trustees confirm that the organization is prepared on a going concern basis, citing accumulated unrestricted reserves of £408,363 and adequate cash flows. The charity aims to build its general reserves to a target level of approximately £550,000, representing three to four months of core operating costs.
What the accounts disclose
“The Board has determined that the target level of general (free) reserves should represent approximately 3 to 4 months of core operating costs, currently £550,000” — page 15
“CF Productions Limited, a subsidiary company 100% owned by Cheltenham Festivals, was dormant throughout 2025 and 2024.” — page 12
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- 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
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 327
- Government income: £272,316 — contracts £7,500 (1), grants £264,816 (3); 4% of the £7,498,641 total gross income on the same return
- Employees paid over £60,000: 2 (£80,001–£90,000: 2)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 337
- Government income: £308,272 — grants £308,272 (4); 4% of the £7,123,232 total gross income on the same return
- Employees paid over £60,000: 2 (£80,001–£90,000: 2)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 316
- Government income: £217,480 — grants £217,480 (1); 3% of the £6,790,701 total gross income on the same return
- Employees paid over £60,000: 2 (£70,001–£80,000: 1; £80,001–£90,000: 1)
- Has a trading subsidiary
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/12/2022 (received 07/12/2023, 37 days after the 31/10/2023 due date).
In the news
- Willans named official legal partner of Cheltenham Festivals
- Cheltenham Festivals aims to make 50 per cent of its events and activities free by 2030
- Cheltenham Festivals to make 50% of events activity free
- Cheltenham Festivals aims to make half of its festival events free by 2030
- Cheltenham Festivals looks to get more children involved
- Cheltenham Festivals looks to get more children involved
- Cheltenham Festivals finishes its 80th year on a high
- Dame Judi Dench champions Cheltenham Festivals with special 80th birthday wishes
Leadership, per the charity’s website
- Ali Mawle — Co-Chief Executive
- Ian George — Co-Chief Executive
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (25/08/2023)
Trustees
- Mark Philip-Sorensenchair
- Adrian Farnell
- Andrew Williams
- Beverley Grimster
- Dr Deborah Thacker
- Fiona Richards
- Jane Dillon
- Jonathan White
- Kiane Atanga
- Lauren Stone
- Lucy Carlton-Walker
- Simeon Quarrie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £7.5m | £7.2m |
| 31/12/2024 | £7.1m | £7.0m |
| 31/12/2023 | £6.8m | £7.2m |
| 31/12/2022 | £7.0m | £6.9m |
| 31/12/2021 | £4.2m | £4.8m |
Common questions
Is CHELTENHAM FESTIVALS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus for the year, with total incoming resources increasing by 5% to £7,498,644 compared to the previous year. The trustees confirm that the organization is prepared on a going concern basis, citing accumulated unrestricted reserves of £408,363 and adequate cash flows. The charity aims to build its general reserves to a target level of approximately £550,000, representing three to four months of core operating costs. Its FY2025 accounts were audited by Hazlewoods LLP.
Who funds CHELTENHAM FESTIVALS?
Funders whose own accounts filings name CHELTENHAM FESTIVALS as a grant recipient include THIRTY PERCY FOUNDATION, BARNWOOD TRUST, THE NOTGROVE TRUST, ROCKCLIFFE CHARITABLE TRUST, THE SEDBURY TRUST.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/03/2022 | £10k | BSL interpreters & live-captioning at 2022 Cheltenham Sci & Lit Festivals |
| The National Lottery Community Fund | 01/09/2016 | £10k | Celebrating Cheltenham's Culture |
| The National Lottery Community Fund | 26/08/2015 | £10k | A Way with Words |
| Cheltenham Borough Council | — | £3k | A Way with Words |
| UK government | — | £10k | AstroMakers: Exploring astronomy through making |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MUSICIANS BENEVOLENT FUND | 1 | £19k |
| BARNSBURY CHARITABLE TRUST | 1 | £6k |
| GERALD FINZI TRUST | 1 | £3k |
| DORIS FIELD CHARITABLE TRUST | 1 | £2k |
| EARL OF CHESTER'S FUND | 1 | £2k |
| THE EDWARD AND DOROTHY CADBURY TRUST | 1 | £1k |
Charities like this
- THE CHELTENHAM FESTIVAL OF PERFORMING ARTS
- THE FESTIVAL OF CHICHESTER
- CHESTER FOLK FESTIVAL
- CHELTENHAM SYMPHONY ORCHESTRA
- STOCKTON HEATH FESTIVAL TRUST
- CHELTENHAM CHORAL SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHELTENHAM FESTIVALS | £7.5m | — | — | unclear | — | no doubt |
| THE CHELTENHAM FESTIVAL OF PERFORMING ARTS | £67k | — | 0 | above | — | no doubt |
| THE FESTIVAL OF CHICHESTER | £32k | — | — | unclear | — | no doubt |
| CHESTER FOLK FESTIVAL | £59k | — | 0 | unclear | — | no doubt |
| CHELTENHAM SYMPHONY ORCHESTRA | £44k | — | 0 | unclear | — | no doubt |
| STOCKTON HEATH FESTIVAL TRUST | £39k | — | 0 | below | — | no doubt |