CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED
The charity provide high quality gymnastic facilities and coaching expertise for all ages and abilities from elite gvmnastic's to foundation level in the City of Newcastle and the surrounding areas. We work closely with local Authorities and Education Services to provide expertise into Sports Centres and Schools. We provide for activities for persons with disabilities.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a small surplus for the year, with total income of £998,990 against total expenditure of £1,007,113. Per the trustees' report, unrestricted reserves stood at £945,794, with free reserves of £460,666, which the trustees believe provides sufficient resources to respond to emergencies. The charity maintains a reserves policy target of four to eight months of unrestricted expenditure.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity, at a level which equates to approximately four to eight months unrestricted expenditure.” — page 6
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Glenn Armstrongchair
- Angela Robinson
- JAMES O'NEILL
- Jacqueline Cairns
- KERRY SCOTT
- Neil Davidson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £999k | £1.0m |
| 31/03/2024 | £992k | £944k |
| 31/03/2023 | £854k | £815k |
| 31/03/2022 | £819k | £671k |
| 31/03/2021 | £424k | £504k |
Common questions
Is CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a small surplus for the year, with total income of £998,990 against total expenditure of £1,007,113. Per the trustees' report, unrestricted reserves stood at £945,794, with free reserves of £460,666, which the trustees believe provides sufficient resources to respond to emergencies. The charity maintains a reserves policy target of four to eight months of unrestricted expenditure. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 08/07/2021 | £0 | COVID19 - Active Together (Crowdfunding) |
| Sport England | 19/11/2020 | £50k | Covid-19 Return to play |
| Sport England | 08/01/2013 | £6k | Youth Gym @ CNGA |
| Northern Rock Foundation | 13/12/2005 | £75k | Grant awarded to City of Newcastle Gymnastics Academy Ltd (Tyne & Wear) |
Charities like this
- YORK CITY GYMNASTICS FOUNDATION
- MANCHESTER ACADEMY OF COMMUNITY GYMNASTICS LTD
- PLYMOUTH SWALLOWS SCHOOL OF GYMNASTICS
- SOUTH ESSEX GYMNASTICS CLUB LIMITED
- SOUTH MANCHESTER GYMNASTICS CENTRE
- ST MARY'S COLLEGE SPORTS DEVELOPMENT COMPANY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED | £999k | — | 0 | unclear | — | no doubt |
| YORK CITY GYMNASTICS FOUNDATION | £608k | — | 0 | unclear | — | no doubt |
| MANCHESTER ACADEMY OF COMMUNITY GYMNASTICS LTD | £1.0m | — | 0 | unclear | — | no doubt |
| PLYMOUTH SWALLOWS SCHOOL OF GYMNASTICS | £385k | — | 0 | unclear | — | no doubt |
| SOUTH ESSEX GYMNASTICS CLUB LIMITED | £2.0m | — | — | above | — | no doubt |
| SOUTH MANCHESTER GYMNASTICS CENTRE | £340k | — | 0 | above | — | no doubt |