CHELTENHAM LADIES COLLEGE
TO PROVIDE A SOUND AND BROADLY BASED EDUCATION FOR GIRLS AND YOUNG WOMEN (AND ALSO, IF SO DETERMINED BY COUNCIL, BOYS AND YOUNG MEN) IN ACCORDANCE WITH CHRISTIAN PRINCIPLES AND TO AFFORD FACILITIES FOR STUDY AND RESEARCH
Latest income
£43.5m
Latest spending
£42.1m
Registered
1966
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a consolidated net income of £1.7m for the year ended 31st July 2025, which included investment gains; excluding these, the group net income was a deficit of £0.6m. The charity holds total reserves of £73.4m, comprising £3.7m in free reserves, and maintains healthy cashflow to support its strategic aims and mitigate financial risks.
What the accounts disclose
Reserves policy: build reserves within the confines of ensuring College’s buildings are well maintained and ensuring College has sufficient financial resources to finance its activities (held: £3.7m)
“Council’s policy regarding reserves is to build reserves within the confines of ensuring College’s buildings are well maintained and ensuring College has sufficient financial resources to finance its activities.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Incorporated Guild of Cheltenham Ladies’ College
“During the year College awarded £38k (2024: £38k) to Guild so that it can continue its operations. College incurred expenditure of £1.2k (2024: £1.6k) which was recharged to Guild. During the year Guild donated £0.5k (2024: £0.5k) to College as an unrestricted donation. There was £0.4k due to College from Guild at College’s year end (2024: £0.8k).”
“During the year College received £29k (2024: £10k) in unrestricted and restricted donations from Friends of CLC in Hong Kong and College donated £3k to Friends of CLC in Hong Kong Limited (2024: £3k).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Friends of Cheltenham Ladies’ College in Hong Kong Limited
“During the year College awarded £38k (2024: £38k) to Guild so that it can continue its operations. College incurred expenditure of £1.2k (2024: £1.6k) which was recharged to Guild. During the year Guild donated £0.5k (2024: £0.5k) to College as an unrestricted donation. There was £0.4k due to College from Guild at College’s year end (2024: £0.8k).”
“During the year College received £29k (2024: £10k) in unrestricted and restricted donations from Friends of CLC in Hong Kong and College donated £3k to Friends of CLC in Hong Kong Limited (2024: £3k).”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: CLC Services Limited, CLC Developments (Cheltenham) Limited
“College has two wholly owned trading subsidiaries. CLC Services Limited has carried out the trading operations of College during the year. CLC Developments (Cheltenham) Limited has not traded since incorporation.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Corporate structure
- Trading subsidiary: CLC SERVICES LIMITED Companies House 02721621
- Trading subsidiary: CLC DEVELOPMENTS (CHELTENHAM) LIMITED Companies House 12304218
- Registered company of the charity Companies House RC000111
CLC SERVICES LIMITED — per its own Companies House accounts
- Turnover: £640k
- Profit before tax: £653k
- Donated/gift-aided to the charity: £655k
“Gift Aid donation (655,051)”
CLC DEVELOPMENTS (CHELTENHAM) LIMITED — per its own Companies House accounts
- The subsidiary is registered at the parent charity's address, indicating a close operational link, though no specific intra-group transaction amounts are disclosed in these dormant accounts.
Property (HM Land Registry)
Advertised salaries (public job ads)
- Director of Development and Alumnae Relations — In region of £95,000 per year
Structured financials (annual return, FY ending 31/07/2025)
Total income
£43.5m
Total spending
£42.1m
Cost of raising funds
£2.0m
Reserves (reported)
£3.8m
Employees
721
Trustees
- Cathryn Merryl Websterchair
- Antoinette Mary Trevail Wilson
- Cleo Yeung Sham
- DAVID MURDOCH FOTHERINGHAM
- Emma Pearson
- Eur Ing Graham Kenneth Hill
- Fahad Shahid Sayood
- Gordon Richard Guy Willoughby
- Jonathan Briant
- Katharine Juliet Simpson
- Lisa Jane Norcross
- Louise Catherine Holden
- Mei Fang Chen Chen
- Roger Michael Denny
- Sally Carol Lancashire
- Sue Cattermole
- Warren Lee D'Alton Honey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £43.5m | £42.1m |
| 31/07/2024 | £42.5m | £40.7m |
| 31/07/2023 | £39.7m | £37.3m |
| 31/07/2022 | £37.2m | £32.9m |
| 31/07/2021 | £31.0m | £31.6m |
Common questions
Is CHELTENHAM LADIES COLLEGE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a consolidated net income of £1.7m for the year ended 31st July 2025, which included investment gains; excluding these, the group net income was a deficit of £0.6m. The charity holds total reserves of £73.4m, comprising £3.7m in free reserves, and maintains healthy cashflow to support its strategic aims and mitigate financial risks. Its FY2025 accounts were audited by Crowe U.K. LLP.
Charities like this
- HAMPTON SCHOOL
- DENSTONE COLLEGE LIMITED
- BISHOP CHALLONER SCHOOL
- GIRLS' EDUCATION COMPANY LTD
- ST EDMUND'S COLLEGE
- ROUGEMONT SCHOOL TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHELTENHAM LADIES COLLEGE | £43.5m | — | — | unclear | — | no doubt |
| HAMPTON SCHOOL | £35.7m | — | — | below | — | no doubt |
| DENSTONE COLLEGE LIMITED | £16.3m | — | — | unclear | — | no doubt |
| BISHOP CHALLONER SCHOOL | £3.5m | — | — | unclear | — | no doubt |
| GIRLS' EDUCATION COMPANY LTD | £36.2m | £220,001 - £230,000 | — | below | — | no doubt |
| ST EDMUND'S COLLEGE | £18.7m | — | — | unclear | — | no doubt |