GIA ENGLAND
Advancement of education and training in the science and practice of gemmology and related subjects.
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
“although this is below the Charity’s policy level of having two months’ unrestricted reserves (based on charitable activities costs)” — page 7
“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
“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
Leadership, per the charity’s website
- Pritesh Patel — President and CEO
- Susan Jacques — President and CEO
- Robert M. Shipley — Founder
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Cathryn Ernst Ramirez
- John Declan Cowley
- Pritesh Patel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2024 accounts were audited by Deloitte LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JOSEPH RANK TRUST | 1 | £38k |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | 1 | £14k |
| The Ashley Family Foundation | 1 | £9k |
| GRACE CHURCH DELL ROAD | 1 | £2k |
Charities like this
- The Gemmological Association of Great Britain
- GREATER EUROPE MISSION UK
- GROUP FOR EDUCATION IN MUSEUMS
- THE SOUTH OF ENGLAND AGRICULTURAL SOCIETY
- THE INSTITUTE OF QUARRYING
- THE AGA KHAN UNIVERSITY (INTERNATIONAL) IN THE UNITED KINGDOM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GIA ENGLAND | £1.6m | — | — | unclear | — | no doubt |
| The Gemmological Association of Great Britain | £3.3m | £100,001 - £110,000 | — | within | — | no doubt |
| GREATER EUROPE MISSION UK | £630k | more than £60,000 | 1 | below | — | no doubt |
| GROUP FOR EDUCATION IN MUSEUMS | £426k | — | 0 | unclear | — | no doubt |
| THE SOUTH OF ENGLAND AGRICULTURAL SOCIETY | £2.5m | — | 1 | below | — | no doubt |
| THE INSTITUTE OF QUARRYING | £1.2m | — | — | unclear | — | no doubt |