CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL
Provision of education to both boys and girls aged 3-18.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net income of £3.5 million and holds total consolidated net assets of £77.9 million. However, the trustees report that the charity does not hold any free reserves, with unrestricted funds effectively in deficit due to significant investment in tangible fixed assets. Despite this structural deficit, the trustees and auditors confirm the financial statements are prepared on a going concern basis, citing adequate resources and contingency planning.
What the accounts disclose
“£190,001 to £200,000 1” — page 36
“During the year grants for projects, bursaries and prizes were made to Cheltenham College of £71,367 (2024: £90,513).” — page 46
“At the year end, Cheltenham College had two wholly owned active trading subsidiaries, Cheltenham College Services Limited and Cheltenham College international Limited.” — page 8
“During the year grants for projects, bursaries and prizes were made to Cheltenham College of £71,367 (2024: £90,513).” — page 46
“At the year end, Cheltenham College had two wholly owned active trading subsidiaries, Cheltenham College Services Limited and Cheltenham College international Limited.” — page 8
“During the year grants for projects, bursaries and prizes were made to Cheltenham College of £71,367 (2024: £90,513).” — page 46
“At the year end, Cheltenham College had two wholly owned active trading subsidiaries, Cheltenham College Services Limited and Cheltenham College international Limited.” — page 8
“During the year grants for projects, bursaries and prizes were made to Cheltenham College of £71,367 (2024: £90,513).” — page 46
“At the year end, Cheltenham College had two wholly owned active trading subsidiaries, Cheltenham College Services Limited and Cheltenham College international Limited.” — page 8
“At the year end, Cheltenham College had two wholly owned active trading subsidiaries, Cheltenham College Services Limited and Cheltenham College international Limited.” — page 8
Leadership, per the charity’s website
- Chris Townsend — Head of College
- Tom O’Sullivan — Head of Cheltenham Prep
- Mr Phil Attwell — Bursar
- Mr Timothy Brewis — Deputy Head (Academic)
- Mr Steve McQuitty — Deputy Head (Co-curricular)
- Dr Mary Plint — Deputy Head (Learning and Wellbeing)
- Mrs Anna Cutts — Senior Deputy Head (Pastoral)
- Mr Dan Evans — Senior Housemaster
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- MR BILL STRAKER-NESBITchair
- Ben Beardmore - Gray
- Caroline Wood
- Claire Elizabeth Lehr
- David Stewart
- Dermot McNiffe
- Dr David John Colin Flower
- Emma Jane Hattersley
- Gillian Elwood
- Helen Elizabeth Allen
- Jennifer Saraswathi Sauboorah
- Katy Dallimore
- Lucy Kalindawalo
- Nicolas Chivers
- Peter Brettell
- Rev Canon Keith Wilkinson
- Richard Ellard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £41.7m | £38.4m |
| 31/08/2024 | £39.2m | £37.9m |
| 31/08/2023 | £36.5m | £35.0m |
| 31/08/2022 | £32.8m | £31.2m |
| 31/08/2021 | £29.1m | £27.6m |
Common questions
Is CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net income of £3.5 million and holds total consolidated net assets of £77.9 million. However, the trustees report that the charity does not hold any free reserves, with unrestricted funds effectively in deficit due to significant investment in tangible fixed assets. Despite this structural deficit, the trustees and auditors confirm the financial statements are prepared on a going concern basis, citing adequate resources and contingency planning. Its FY2025 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL earn?
Per its FY2025 accounts, the highest-paid employee was in the £190,001 - £200,000 band.
Who funds CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL?
Funders whose own accounts filings name CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL as a grant recipient include CHELTENHAM COLLEGE CHARITABLE TRUST, VISCOUNT AMORY'S CHARITABLE TRUST.
Shared trustees with funders
- David Stewart — trustee here and at CHELTENHAM COLLEGE CHARITABLE TRUST
- Gillian Elwood — trustee here and at CHELTENHAM COLLEGE CHARITABLE TRUST
- WILLIAM STRAKER-NESBIT — trustee here and at CHELTENHAM COLLEGE CHARITABLE TRUST
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £28k | Provision of Bursaries |
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £20k | Chapel projects |
| VISCOUNT AMORY'S CHARITABLE TRUST | FY2023 | £12k | Educational |
| VISCOUNT AMORY'S CHARITABLE TRUST | FY2022 | £12k | Educational |
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £2k | Boarding House projects |
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £2k | Provision of Prizes |
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £1k | Pupil facing schemes |
| CHELTENHAM COLLEGE CHARITABLE TRUST | FY2022 | £0 | Archives project |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/06/2014 | £9k | "Research and Exhibition: Old Cheltonians go to War; 3540 served but 675 gave more" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EDWARD & CATHERINE WRAY CHARITABLE TRUST | 1 | £40k |
| THE DYERS' COMPANY CHARITABLE TRUST | 1 | £7k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £5k |
| THE OUSELEY CHURCH MUSIC TRUST | 1 | £2k |
Charities like this
- BERKHAMPSTEAD SCHOOL (CHELTENHAM) TRUST LIMITED
- Headington School Oxford Limited
- CHELTENHAM COLLEGE CHARITABLE TRUST
- ROYAL GRAMMAR SCHOOL WORCESTER
- ST JOSEPH'S COLLEGE READING TRUST
- THE KING'S SCHOOL, GLOUCESTER
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHELTENHAM COLLEGE AND CHELTENHAM COLLEGE PREPARATORY SCHOOL | £41.7m | £190,001 - £200,000 | — | unclear | — | no doubt |
| BERKHAMPSTEAD SCHOOL (CHELTENHAM) TRUST LIMITED | £5.4m | — | — | below | — | no doubt |
| Headington School Oxford Limited | £28.8m | — | — | unclear | — | no doubt |
| CHELTENHAM COLLEGE CHARITABLE TRUST | £1.5m | — | 0 | unclear | — | no doubt |
| ROYAL GRAMMAR SCHOOL WORCESTER | £26.3m | — | — | unclear | — | no doubt |
| ST JOSEPH'S COLLEGE READING TRUST | £8.8m | — | — | unclear | — | no doubt |