ASG COMMUNITY GYMNASTICS CLUB
Gymnastics Classes for the local community. Based in Thamesmead, South East London.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £21,820 for the year ended 5 April 2025, resulting in a decrease in total funds to £109,646. The trustees maintain that unrestricted funds should be kept between three and six months of expenditure, a policy target which the current unrestricted balance of £99,425 appears to exceed given the annual expenditure of approximately £271,374. The trustees confirm adequate resources for going concern, with no material uncertainties disclosed.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
“S McGranaghan received remuneration of £26,500 (2024: £21,750) from the charity in relation to gymnastics coaching services provided during the year.” — page 13
“S McGranaghan received remuneration of £26,500 (2024: £21,750) from the charity in relation to gymnastics coaching services provided during the year.” — page 13
Property (HM Land Registry)
Trustees
- JESSICA LINDA PARRY
- SCOTT DARREN COX
- SHAUN PATRICK MCGRANAGHAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £250k | £271k |
| 05/04/2024 | £301k | £279k |
| 05/04/2023 | £254k | £277k |
| 05/04/2022 | £233k | £186k |
| 05/04/2021 | £173k | £112k |
Common questions
Is ASG COMMUNITY GYMNASTICS CLUB financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £21,820 for the year ended 5 April 2025, resulting in a decrease in total funds to £109,646. The trustees maintain that unrestricted funds should be kept between three and six months of expenditure, a policy target which the current unrestricted balance of £99,425 appears to exceed given the annual expenditure of approximately £271,374. The trustees confirm adequate resources for going concern, with no material uncertainties disclosed. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 13/08/2025 | £7k | Gymnastics Equipment for Community Club |
| Sport England | 07/04/2021 | £8k | COVID19 Return to Play |
| The National Lottery Community Fund | 18/05/2018 | £7k | Community Gymnastics Club Equipment |