GYMNASTICS IN IPSWICH
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.
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).
What the accounts disclose
“These recommendations suggest that the Charity should hold a reserve equating to six months of normal trading requirement.”
“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
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- 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
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Emma Victoria Woollardchair
- BRYAN BARTLETT
- James Robert Garnham
- MICHAEL JOHN JOSEPH DOYLE
- Vincent Stagg Mr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 18/04/2013 | £7k | Free Style Gymnastics Project |
| Sport England | 18/06/2012 | £4k | New Matting |
| Sport England | 10/02/2010 | £10k | Equipment project |
| The National Lottery Community Fund | 18/12/2007 | £3k | Gymnastics In Ipswich Disability Project |
| The National Lottery Community Fund | 19/01/2007 | £7k | gymnastics in ipswich outreach project |
Charities like this
- CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED
- SOUTH DURHAM GYMNASTICS
- SAPPHIRE SCHOOL OF GYMNASTICS LTD
- HUNTINGDON GYMNASTICS CLUB LIMITED
- BRUMBY GYMNASTICS ACADEMY
- PLYMOUTH SWALLOWS SCHOOL OF GYMNASTICS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GYMNASTICS IN IPSWICH | £987k | — | 0 | above | — | no doubt |
| CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED | £999k | — | 0 | unclear | — | no doubt |
| SOUTH DURHAM GYMNASTICS | £701k | — | 0 | unclear | — | no doubt |
| SAPPHIRE SCHOOL OF GYMNASTICS LTD | £849k | — | 0 | above | — | no doubt |
| HUNTINGDON GYMNASTICS CLUB LIMITED | £1.0m | — | 0 | below | — | noted |
| BRUMBY GYMNASTICS ACADEMY | £125k | — | 0 | below | — | no doubt |