Charity Accounts Intelreading the accounts so you don’t have to

KINGSBRIDGE GYMNASTIC CLUB

Registered charity 1069625 · accounts filings on the Charity Commission register

Provide gymnastics coaching for children of all ages and abilities

Objects

TO ADVANCE THE EDUCATION OF THE PUBLIC, REGARDLESS OF ABILITY IN ALL FORMS OF GYMNASTICS AS REQUIRED BY THE BRITISH GYMNASTIC ASSOCIATION.

Area of benefit: NOT DEFINED

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

Causes: General Charitable Purposes · Education/training · Amateur Sport · website · Get email alerts

Latest income
£161k
Latest spending
£148k
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £79,936, representing a surplus for the year. The trustees consider this level of reserves to be too high and suggest setting aside up to £5,000 for hardship support. The charity is operating with a strong financial position and has expanded its services.

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

What the accounts disclose

Reserves policy: 12 months rent (held: £80k)
“The surplus which include a ‘ring fenced' safety deposit equivalent to 12 months rent, is considered too high.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: A Masters received £4,574 for coaching work; payments also made to family members of trustees.
“During the year the charity made payments to A Masters a trustee of £4,574 for coaching work done.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment to trustee A Masters for coaching work.
“During the year the charity made payments to A Masters a trustee of £4,574 for coaching work done.” — page 11
“Wages for gymnastic coaching also included payments to family members of trustees.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to family members of trustees for coaching wages.
“During the year the charity made payments to A Masters a trustee of £4,574 for coaching work done.” — page 11
“Wages for gymnastic coaching also included payments to family members of trustees.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Trustees concerned risk assessment and compliance documents do not appear to be available for public scrutiny; HR documents incomplete.
“Trustees are aware they are in place but are concerned they do not appear to be available for public scrutiny. Similarly, HR documents are incomplete”
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.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/12/2024£161k£148k
31/12/2023£109k£104k
31/12/2022£105k£93k
31/12/2021£74k£56k
31/12/2020£23k£22k

Common questions

Is KINGSBRIDGE GYMNASTIC CLUB financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £79,936, representing a surplus for the year. The trustees consider this level of reserves to be too high and suggest setting aside up to £5,000 for hardship support. The charity is operating with a strong financial position and has expanded its services. Its FY2024 accounts were independently examined.