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WAVENEY GYMNASTICS CLUB

Registered charity 1112659 · accounts filings on the Charity Commission register

To provide the facility for gymnastics for all the local community.

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

Latest income
£706k
Latest spending
£709k
Registered
2006
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity recorded a deficit of £2,877 for the year ended 31 December 2024, following an increase in revenues to £706,098. The trustees report that the club is running at a cost-neutral basis and continues to attempt to build upon its reserves despite financial constraints from rising utility and staffing costs.

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

What the accounts disclose

Going concern: noted by the trustees or auditor
“The Board has reviewed the organisation's financial forecasts and believes that the charity has adequate resources to continue operating for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. The Board will continually review the Café space under the Waveney Gymnastics Enterprise banner, as there are further concerns about the viability and sustainability of this area without putting additional strain on the club.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Income from Waveney Gymnastics Enterprises Limited totalling £10,532, including £1,200 rent and £9,332 recharges. Catering services of £17,361 provided by the subsidiary. Amount due from subsidiary £6,648.
“During the year the Charity received income from Waveney Gymnastics Enterprises Limited totalling £10,532 (2023: £33,959), of which £1,200 (2023: £1,200) related to rental of the café and £9,332 (2023: £32,759) related to amounts recharged by the Charity. Catering services amounting to £17,361 (2023: £19,881) were provided to the Charity by Waveney Gymnastics Enterprises Limited. At the year end there is an amount due from Waveney Gymnastics Enterprises Limited of £6,648 (2023: £1,480) included in debtors.” — page 26
“Miss P Parr, daughter of Mr G Parr (trustee) is employed by the charity as a gymnastics coach. Miss P Parr's appointment was made in open competition and Mr G Parr was not involved in the decision making process regarding her appointment.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Miss P Parr, daughter of trustee Mr G Parr, employed as a gymnastics coach.
“During the year the Charity received income from Waveney Gymnastics Enterprises Limited totalling £10,532 (2023: £33,959), of which £1,200 (2023: £1,200) related to rental of the café and £9,332 (2023: £32,759) related to amounts recharged by the Charity. Catering services amounting to £17,361 (2023: £19,881) were provided to the Charity by Waveney Gymnastics Enterprises Limited. At the year end there is an amount due from Waveney Gymnastics Enterprises Limited of £6,648 (2023: £1,480) included in debtors.” — page 26
“Miss P Parr, daughter of Mr G Parr (trustee) is employed by the charity as a gymnastics coach. Miss P Parr's appointment was made in open competition and Mr G Parr was not involved in the decision making process regarding her appointment.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr A Pelekanou, son of trustee Mr C Pelekanou, employed as a gymnastics coach.
“During the year the Charity received income from Waveney Gymnastics Enterprises Limited totalling £10,532 (2023: £33,959), of which £1,200 (2023: £1,200) related to rental of the café and £9,332 (2023: £32,759) related to amounts recharged by the Charity. Catering services amounting to £17,361 (2023: £19,881) were provided to the Charity by Waveney Gymnastics Enterprises Limited. At the year end there is an amount due from Waveney Gymnastics Enterprises Limited of £6,648 (2023: £1,480) included in debtors.” — page 26
“Miss P Parr, daughter of Mr G Parr (trustee) is employed by the charity as a gymnastics coach. Miss P Parr's appointment was made in open competition and Mr G Parr was not involved in the decision making process regarding her appointment.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mrs E Row, wife of key management personnel Mr A Row, employed as a gymnastics coach.
“During the year the Charity received income from Waveney Gymnastics Enterprises Limited totalling £10,532 (2023: £33,959), of which £1,200 (2023: £1,200) related to rental of the café and £9,332 (2023: £32,759) related to amounts recharged by the Charity. Catering services amounting to £17,361 (2023: £19,881) were provided to the Charity by Waveney Gymnastics Enterprises Limited. At the year end there is an amount due from Waveney Gymnastics Enterprises Limited of £6,648 (2023: £1,480) included in debtors.” — page 26
“Miss P Parr, daughter of Mr G Parr (trustee) is employed by the charity as a gymnastics coach. Miss P Parr's appointment was made in open competition and Mr G Parr was not involved in the decision making process regarding her appointment.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mrs J Etherington, wife of key management personnel Mr P Etherington, employed as a gymnastics coach.
“During the year the Charity received income from Waveney Gymnastics Enterprises Limited totalling £10,532 (2023: £33,959), of which £1,200 (2023: £1,200) related to rental of the café and £9,332 (2023: £32,759) related to amounts recharged by the Charity. Catering services amounting to £17,361 (2023: £19,881) were provided to the Charity by Waveney Gymnastics Enterprises Limited. At the year end there is an amount due from Waveney Gymnastics Enterprises Limited of £6,648 (2023: £1,480) included in debtors.” — page 26
“Miss P Parr, daughter of Mr G Parr (trustee) is employed by the charity as a gymnastics coach. Miss P Parr's appointment was made in open competition and Mr G Parr was not involved in the decision making process regarding her appointment.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Waveney Gymnastics Enterprise Limited
“Investments represents 100% share capital of Wakened Gymnastics Enterprise Limited, incorporated in England. Wakened Gymnastics Enterprise Limited was incorporated on 28 January 2019 and commenced trading from February 2019.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Corporate structure

WAVENEY GYMNASTICS ENTERPRISE LIMITED — per its own Companies House accounts
  • Turnover: £113k
  • Profit before tax: £8k
  • Donated/gift-aided to the charity: £10k
  • Amount due to parent charity: £7,086
“During the year £9,963 (2024: £17,361) was recharged from the company to Waveney Gymnastics Club for catering services and staff costs.”

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

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

Total income
£706k
Total spending
£709k
Cost of raising funds
£27k
Reserves (reported)
£14k
Employees
31

Reported reserves equal ~0.2 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (88% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 3.9% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£706k£709k
31/12/2023£631k£646k
31/12/2022£600k£628k
31/12/2021£487k£481k
31/12/2020£408k£426k

Common questions

Is WAVENEY GYMNASTICS CLUB financially healthy?

Per its FY2024 accounts: The accounts state that the charity recorded a deficit of £2,877 for the year ended 31 December 2024, following an increase in revenues to £706,098. The trustees report that the club is running at a cost-neutral basis and continues to attempt to build upon its reserves despite financial constraints from rising utility and staffing costs. Its FY2024 accounts were independently examined.

Who funds WAVENEY GYMNASTICS CLUB?

Funders whose own accounts filings name WAVENEY GYMNASTICS CLUB as a grant recipient include THE ANTON JURGENS CHARITABLE TRUST, The Belstead Ganzoni Charitable Settlement, SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE ANTON JURGENS CHARITABLE TRUSTFY2024£3k
THE ANTON JURGENS CHARITABLE TRUSTFY2023£3k
The Belstead Ganzoni Charitable SettlementFY2023£2k
SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATIONFY2024£2k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Sport England16/07/2020£10kCOVID-19 CEF
The National Lottery Community Fund13/10/2016£4k40 Years of Celebration
The National Lottery Community Fund25/02/2009£10kIntroducing Wider Activities For Youngsters
The National Lottery Community Fund16/02/2007£2kWaveney Gymnastics Club
The National Lottery Community Fund16/06/2005£5kCoach training

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE TRUE COLOURS TRUST1£3k
R G HILLS CHARITABLE TRUST1£2k
THE ROGER DE HAAN CHARITABLE TRUST1£500

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with DOVER GYMNASTICS CLUB LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WAVENEY GYMNASTICS CLUB£706k—0unclear—noted
DOVER GYMNASTICS CLUB LIMITED FY2025£280k—0unclear—no doubt
PLYMOUTH SWALLOWS SCHOOL OF GYMNASTICS FY2025£385k—0unclear—no doubt
PINEWOOD GYMNASTICS CLUB LIMITED FY2025£1.1m—0above—no doubt
SWALLOWS OF HELSTON GYMNASTICS CLUB FY2025£196k—0above—no doubt
WATERSIDE GYMNASTICS CLUB FY2025£185k—0above—noted

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.