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.
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
In the news
- 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 finishes its 80th year on a high
- Dame Judi Dench champions Cheltenham Festivals with special 80th birthday wishes
- Fascinating facts about Cheltenham Festivals
- #EventProf of the week: Emma Whittle, Cheltenham Festivals
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, THE SEDBURY TRUST, COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION.
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 |
|---|---|---|
| THE CHANDRIS FOUNDATION | 1 | £6k |
| THE YOUNG BARNET FOUNDATION | 1 | £4k |
| THE ABDALLA FOUNDATION | 1 | £2k |
Charities like this
- THE CHELTENHAM TRUST
- ENGAGED EVENTS UK LIMITED
- THE ECOLE POLYTECHNIQUE CHARITABLE TRUST
- The Bull Theatre Ltd
- THE CAMBRIDGE CHINA DEVELOPMENT TRUST
- MARITIME + ENGINEERING COLLEGE NORTH WEST
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 TRUST | £8.3m | — | 0 | unclear | — | no doubt |
| ENGAGED EVENTS UK LIMITED | £209k | — | 0 | unclear | — | no doubt |
| THE ECOLE POLYTECHNIQUE CHARITABLE TRUST | £883k | — | 0 | unclear | — | no doubt |
| The Bull Theatre Ltd | £100k | — | 0 | unclear | — | no doubt |
| THE CAMBRIDGE CHINA DEVELOPMENT TRUST | £416k | — | 0 | unclear | — | no doubt |