HUNTINGDON GYMNASTICS CLUB LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £68,845 for the year, resulting in a decrease in total unrestricted funds from £297,427 to £251,484. Per the trustees' report, unrestricted reserves are currently £4,516 below the stated policy target of £256,000, though this deficit is not considered significant. The trustees and auditors confirm the charity remains a going concern despite challenging conditions involving increased overheads.
What the accounts disclose
“As a result of experience during successive lockdowns, the Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities whilst consideration is given to a way in which additional funds may be raised. The required 'Free Reserves' are therefore in the region of £256,000, which means we are currently £4,516 in deficit of this requirement which is not considered to be significant.”
“The Trustees are of the opinion that the Charity will continue to be a going concern. It has been a very challenging time for the Charity which has worked to support and retain the coaching and administrative teams whilst servicing increases in overheads.” — page 7
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Sarah Jane Grady
- Sarah Scott
- Stephen Davison
- Zoe McGowan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.0m | £1.1m |
| 31/07/2024 | £961k | £900k |
| 31/07/2023 | £897k | £902k |
| 31/07/2022 | £775k | £853k |
| 31/07/2021 | £472k | £578k |
Common questions
Is HUNTINGDON GYMNASTICS CLUB LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £68,845 for the year, resulting in a decrease in total unrestricted funds from £297,427 to £251,484. Per the trustees' report, unrestricted reserves are currently £4,516 below the stated policy target of £256,000, though this deficit is not considered significant. The trustees and auditors confirm the charity remains a going concern despite challenging conditions involving increased overheads. Its FY2025 accounts were audited by TC Group.