YORK CITY GYMNASTICS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased from £1,043,931 to £959,925, resulting in a net expenditure of £84,006 for the year. Despite this deficit, the trustees report the charity remains on a strong financial footing with stable income from classes operating near full capacity. They confirm no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The charity has a reserves policy to enable sufficient funds for the controlled winding down of the charity should the need arise. The reserves policy assesses the amount of income required to ensure the charity can meet all of its commitments should it be required to close.” — page 6
“During the year, A Smith, one of the charity's gymnastics coaches, was appointed as a trustee. While a trustee, they were paid £197 by the charity for their coaching work. The charity had no legal authority to make the remuneration payment to A Smith under the charity's governing document, nor through any other means.” — page 19
“The charity had no legal authority to make the remuneration payment to A Smith under the charity's governing document, nor through any other means. The trustees are currently in discussion with the Charity Commission regarding how to resolve this matter.” — page 19
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (20/01/2017)
Trustees
- Mark Wildchair
- Andrew Vipas
- Azariah Mason
- Richard Bryan Edwards
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £608k | £566k |
| 31/08/2024 | £439k | £523k |
| 31/08/2023 | £526k | £450k |
| 31/08/2022 | £388k | £328k |
| 31/08/2021 | £280k | £245k |
Common questions
Is YORK CITY GYMNASTICS FOUNDATION financially healthy?
The accounts state that unrestricted reserves decreased from £1,043,931 to £959,925, resulting in a net expenditure of £84,006 for the year. Despite this deficit, the trustees report the charity remains on a strong financial footing with stable income from classes operating near full capacity. They confirm no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |
| THE SANDHU CHARITABLE FOUNDATION | 1 | £88k |
| REARDON SMITH NAUTICAL TRUST | 1 | £81k |
| BAKER FAMILY CHARITABLE TRUST | 1 | £75k |
| THE BLUSTON CHARITABLE SETTLEMENT | 1 | £50k |
| THE BEAVERBROOKS CHARITABLE TRUST | 1 | £40k |
| THE ROSE FOUNDATION | 1 | £31k |