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GIA ENGLAND

Registered charity 1101116 · accounts filings on the Charity Commission register · also known as GIA LONDON

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Latest income
£1.6m
Latest spending
£2.0m
Registered
2003
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that GIA England reported a net deficit of £350,642 for the year ended 31 December 2024, resulting in unrestricted reserves falling to a deficit of £1,541,193. This position is below the charity's stated policy target of maintaining two months' unrestricted reserves. However, the trustees confirm the accounts are prepared on a going concern basis, supported by a letter of intent for continued financial support from the affiliated Gemological Institute of America, Inc.

What the accounts disclose

Reserves policy: two months’ unrestricted reserves (held: £-1.5m)
“although this is below the Charity’s policy level of having two months’ unrestricted reserves (based on charitable activities costs)” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan principal and interest due to GIA US
“The balance due to Gemological Institute of America, Inc., at the year-end was £1,528,391 (2023: £1,521,394) of which £1,515,526 (2023: £1,492,256) was for the principal on the loans, £4,983 (2023: £6,273) was for interest on loans, and £7,882 (2023: £22,865) was for other support costs/purchases.” — page 6
“GIA England is also invoiced by Gemological Institute of America, Inc., for training support and the cost of books and equipment used to teach the classes which totalled £150,708 for the year” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Training support and materials costs from GIA US
“The balance due to Gemological Institute of America, Inc., at the year-end was £1,528,391 (2023: £1,521,394) of which £1,515,526 (2023: £1,492,256) was for the principal on the loans, £4,983 (2023: £6,273) was for interest on loans, and £7,882 (2023: £22,865) was for other support costs/purchases.” — page 6
“GIA England is also invoiced by Gemological Institute of America, Inc., for training support and the cost of books and equipment used to teach the classes which totalled £150,708 for the year” — page 26
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Deloitte LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.6m
Total spending
£2.0m
Reserves (reported)
£1.5m
Employees
12

Reported reserves equal ~9.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.6m£2.0m
31/12/2023£1.7m£1.7m
31/12/2022£1.3m£1.8m
31/12/2021£1.0m£1.5m
31/12/2020£777k£1.2m

Common questions

Is GIA ENGLAND financially healthy?

The accounts state that GIA England reported a net deficit of £350,642 for the year ended 31 December 2024, resulting in unrestricted reserves falling to a deficit of £1,541,193. This position is below the charity's stated policy target of maintaining two months' unrestricted reserves. However, the trustees confirm the accounts are prepared on a going concern basis, supported by a letter of intent for continued financial support from the affiliated Gemological Institute of America, Inc. Its FY2024 accounts were audited by Deloitte LLP.