GYMNASTIC TRUST LTD
The Formation, Running and Development of Gymnastic Centres in the Area of Southend on Sea for the benefit of the local community
Objects
(1) TO ADVANCE THE PHYSICAL EDUCATION AND DEVELOPMENT OF CHILDREN AND ADULTS RESIDENT IN THE TOWN OF SOUTHEND ON SEA BY THE PROVISION OF FACILITIES AND INSTRUCTION OF GYMNASTICS. (2) THE ADVANCEMENT OF EDUCATION BY THE PROVISION OF TRAINING FOR GYMNASTICS COACHES AND TEACHERS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves increased significantly to £114,199 from £34,075 in the prior year, driven by income of £364,060 against expenditure of £283,936. The trustees report that all expenditure is funded in advance and there are no identified risks or problems. The charity maintains a policy of keeping sufficient reserves for unforeseen circumstances, subject to annual review.
What the accounts disclose
“The trustees remain committed to maintaining sufficient reserves in the event of unforeseen circumstances arising - this policy is subject to a regular review of finances annually.” — page 4
Policies the charity declares
- 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
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- SVETLOZAR JELIAZKOVchair
- LUBOV JELIAZKOVA
- Michael Murphy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £364k | £284k |
| 31/03/2024 | £241k | £214k |
| 31/03/2023 | £149k | £146k |
| 31/03/2022 | £176k | £142k |
| 31/03/2021 | £126k | £70k |
Common questions
Is GYMNASTIC TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves increased significantly to £114,199 from £34,075 in the prior year, driven by income of £364,060 against expenditure of £283,936. The trustees report that all expenditure is funded in advance and there are no identified risks or problems. The charity maintains a policy of keeping sufficient reserves for unforeseen circumstances, subject to annual review. Its FY2025 accounts were independently examined.