GYMNASTICS IN IPSWICH

Registered charity 1064714 · accounts filings on the Charity Commission register

The Charity's objective and principal activity is the provision of Gymnastic facilities, equipment and coaching for the community of Ipswich and the surrounding area.

Objects

FOR THE BENEFIT OF THE INHABITANTS INCLUDING PERSONS WITH DISABILITY WHETHER MENTAL OR PHYSICAL, OF IPSWICH AND THE SURROUNDING AREA ("THE AREA OF BENEFIT") BY PROVIDING OR ASSISTING IN THE ORGANISATION OR PROVISION OF FACILITIES FOR PHYSICAL RECREATION IN PARTICULAR BUT NOT EXCLUSIVELY IN GYMNASTICS IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR SUCH PERSONS.

Area of benefit: IPSWICH AND DISTRICT

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Amateur Sport · Recreation · website · Get email alerts

Latest income
£987k
Latest spending
£1.0m
Registered
1997
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £46,782 for the year, which included £60,870 in non-cash depreciation and loss on disposals, resulting in an operating surplus of £14,088. Free reserves stood at £525,590, which the trustees confirmed exceeded their policy target of six months' trading requirements (£516,873).

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months of normal trading requirement (held: £526k)
“These recommendations suggest that the Charity should hold a reserve equating to six months of normal trading requirement.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to immediate family members of Finance & Administration Manager and Trustee
“Immediate family members of L. Stopher (Finance & Administration Manager) and J. Garnham (Trustee) were employed by the Charity during the current and prior year. The remuneration paid to these individuals was on the same basis as for other employees and totalled £84,726 (2023: £81,161), none of which was outstanding at either year end.” — page 20
“During the year, the Charity engaged the services of Free Flow Guttering Solutions Ltd, a company owned by Trustee Vincent Stagg, for high level cleaning services for £4,000 (2023: £nil).” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment to company owned by Trustee Vincent Stagg
“Immediate family members of L. Stopher (Finance & Administration Manager) and J. Garnham (Trustee) were employed by the Charity during the current and prior year. The remuneration paid to these individuals was on the same basis as for other employees and totalled £84,726 (2023: £81,161), none of which was outstanding at either year end.” — page 20
“During the year, the Charity engaged the services of Free Flow Guttering Solutions Ltd, a company owned by Trustee Vincent Stagg, for high level cleaning services for £4,000 (2023: £nil).” — page 20
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£987k
Total spending
£1.0m
Cost of raising funds
£40k
Reserves (reported)
£526k
Employees
70

Reported reserves equal ~6.1 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (87% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 4.1% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£987k£1.0m
31/12/2023£906k£942k
31/12/2022£819k£901k
31/12/2021£686k£793k
31/12/2020£647k£776k

Common questions

Is GYMNASTICS IN IPSWICH financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £46,782 for the year, which included £60,870 in non-cash depreciation and loss on disposals, resulting in an operating surplus of £14,088. Free reserves stood at £525,590, which the trustees confirmed exceeded their policy target of six months' trading requirements (£516,873). Its FY2024 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Sport England18/04/2013£7kFree Style Gymnastics Project
Sport England18/06/2012£4kNew Matting
Sport England10/02/2010£10kEquipment project
The National Lottery Community Fund18/12/2007£3kGymnastics In Ipswich Disability Project
The National Lottery Community Fund19/01/2007£7kgymnastics in ipswich outreach project

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
GYMNASTICS IN IPSWICH£987k—0above—no doubt
CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED FY2025£999k—0unclear—no doubt
SOUTH DURHAM GYMNASTICS FY2025£701k—0unclear—no doubt
SAPPHIRE SCHOOL OF GYMNASTICS LTD FY2025£849k—0above—no doubt
HUNTINGDON GYMNASTICS CLUB LIMITED FY2025£1.0m—0below—noted
BRUMBY GYMNASTICS ACADEMY FY2025£125k—0below—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.