SALTO Gymnastics Charitable Foundation Ltd
We believe that gymnastics can improve health & wellbeing for all and brings families together which enhances community cohesion. Our Vision is to improve the health, wellbeing & future prospects of our members, staff and the wider community by becoming one of the leaders in providing & promoting gymnastics in Bedfordshire and the East Region. In short, to Aspire, Inspire, Deliver & Succeed.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £32,411 for the year ended 31 December 2024, with total unrestricted funds of £1,547,541. The trustees confirm the charity is a going concern and has maintained a reserves policy targeting £55,000 by 2025, which is well above the current unrestricted balance excluding designated funds.
What the accounts disclose
“The Trustees considers the ideal medium target level of reserves is £55,000 by the end of 2025. This is evident from the figures reported in the Statement of Financial Activities. In the short-term, we aim to maintain unrestricted reserves of at least £20,000, as detailed in the table above and move towards 2x months’ salary cover in the medium term.” — page 12
“During the year £39,022 (2023: £28,669) was paid to Ms L Baird (Trustee) under a PAYE contract as a Gymnastics Coach which is is included in the wages total included in the notes to the financial statements.” — page 27
“During the year £39,022 (2023: £28,669) was paid to Ms L Baird (Trustee) under a PAYE contract as a Gymnastics Coach which is is included in the wages total included in the notes to the financial statements.” — page 27
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (15/06/2021)
Trustees
- RAYMOND DAVID POWELLchair
- Dr Ganesh Baliah
- ERIC PHILLIPS
- Laura Ann Baird
- Nadine Scarlett
- PAULINE YOUNG
- Rebecca Kay
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £700k | £679k |
| 31/12/2023 | £524k | £438k |
| 31/12/2022 | £451k | £427k |
| 31/12/2021 | £405k | £388k |
| 31/12/2020 | £438k | £477k |
Common questions
Is SALTO Gymnastics Charitable Foundation Ltd financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £32,411 for the year ended 31 December 2024, with total unrestricted funds of £1,547,541. The trustees confirm the charity is a going concern and has maintained a reserves policy targeting £55,000 by 2025, which is well above the current unrestricted balance excluding designated funds. Its FY2024 accounts were independently examined.
Who funds SALTO Gymnastics Charitable Foundation Ltd?
Funders whose own accounts filings name SALTO Gymnastics Charitable Foundation Ltd as a grant recipient include THE GOSLING FOUNDATION LIMITED, THE JOHN APTHORP CHARITY, MRS B L ROBINSON'S CHARITABLE TRUST, BIRKDALE TRUST FOR HEARING IMPAIRED LTD, Moto Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GOSLING FOUNDATION LIMITED | FY2024 | £200k | General |
| THE JOHN APTHORP CHARITY | FY2025 | £32k | Towards a new lift |
| MRS B L ROBINSON'S CHARITABLE TRUST | FY2023 | £4k | |
| BIRKDALE TRUST FOR HEARING IMPAIRED LTD | FY2022 | £2k | |
| Moto Foundation | FY2021 | £500 | Community Grant |
| MRS B L ROBINSON'S CHARITABLE TRUST | FY2024 | — |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Bedfordshire and Luton Community Foundation | 11/12/2024 | £4k | To buy equipment, software licenses and provide staff training to move from a paper-based to digital administrative, financial and management processes. |
| Sport England | 14/10/2024 | £15k | SALTO Refreshed and Fun |
| UK government | 14/10/2024 | £15k | ALB-Sport England-SALTO Refreshed and Fun |
| Postcode Lottery | 29/04/2024 | £25k | Unrestricted Funding |
| Bedfordshire and Luton Community Foundation | 13/09/2023 | £10k | Replace the foam in the main fall pit of the gymnastic club and cover the foam pieces for longer life. |
| Sport England | 02/08/2022 | £0 | Places and Spaces (Crowdfunding) |
| Postcode Lottery | 27/06/2022 | £25k | Contribution to Staff Wages - Young Leaders, Core Proficiency Or Level 1 Coaches |
| Sport England | 03/06/2021 | £7k | COVID19 Return to Play |
| Sport England | 19/11/2020 | £50k | Covid-19 Return to play |
| Bedfordshire and Luton Community Foundation | 04/06/2020 | £4k | Grant to SALTO Gymnastics Club |
| Sport England | 01/06/2020 | £10k | COVID-19 CEF |
| Bedfordshire and Luton Community Foundation | 27/02/2020 | £5k | Grant to SALTO Gymnastics Club |
| Sport England | 16/01/2019 | £15k | New Gymnastics Floor |
| Sport England | 13/08/2013 | £50k | SALTO Centre – Training Facilities Enhancements |
| The National Lottery Community Fund | 14/07/2005 | £5k | Lift |