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.
Causes: Amateur Sport · Recreation · website · Get email alerts
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.
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)
Cost of raising funds
£40k
Reported reserves equal ~6.1 months of spending — above the median for charities its size (median 5.2 months; benchmarks).
- Emma Victoria Woollardchair · trustee of 2 other charities
- BRYAN BARTLETT
- James Robert Garnham
- MICHAEL JOHN JOSEPH DOYLE
- Vincent Stagg Mr
Trustee list from the Charity Commission register (current, not historical).
Operates in: Suffolk
Income and spending
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).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
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
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.