GATEWAY TO FMA LIMITED
Latest income
£1.9m
Latest spending
£1.6m
Registered
2017
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity generated an unrestricted surplus of £259,592, increasing its unrestricted reserves to £269,241. The trustees consider the charity continues to operate within its available resources and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Audit opinion: qualified
“We noted transactions made with business interests held by the trustees during the year ended 31 March 2025, where insufficient evidence was provided to assess whether these transactions were made in the charity’s best interest. This includes irrecoverable loans valued at £22,358, as disclosed in the notes to the financial statements.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Irrecoverable loan to Redditch (FMA) Limited, a company owned by the trustees.
“During the year the group made a loan of £15,000 to Redditch (FMA) Limited. This resulted in a total debt of £22,358. The full amount outstanding of £22,358 was considered irrecoverable, and provided for as a bad debt.” — page 40
“During the year the Charity received a donation of £10,000 from the related company.” — page 40
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation received from The Trampoline League Community Interest Company, owned by the trustees.
“During the year the group made a loan of £15,000 to Redditch (FMA) Limited. This resulted in a total debt of £22,358. The full amount outstanding of £22,358 was considered irrecoverable, and provided for as a bad debt.” — page 40
“During the year the Charity received a donation of £10,000 from the related company.” — page 40
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Auditor issued a qualified opinion due to insufficient evidence regarding transactions with trustee-held business interests, including irrecoverable loans.
“We noted transactions made with business interests held by the trustees during the year ended 31 March 2025, where insufficient evidence was provided to assess whether these transactions were made in the charity’s best interest. This includes irrecoverable loans valued at £22,358, as disclosed in the notes to the financial statements.” — page 9
“There is no legal authority under which remuneration was given and goes against the charity’s articles of association.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Trustees were remunerated in breach of the Articles of Association.
“We noted transactions made with business interests held by the trustees during the year ended 31 March 2025, where insufficient evidence was provided to assess whether these transactions were made in the charity’s best interest. This includes irrecoverable loans valued at £22,358, as disclosed in the notes to the financial statements.” — page 9
“There is no legal authority under which remuneration was given and goes against the charity’s articles of association.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Monkspath (FMA) Limited
“Monkspath (FMA) Limited, a company incorporated in England & Wales, 100% (2024: 100%). The principal activity of this company is that of sporting activities.” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.9m
Total spending
£1.6m
Reserves (reported)
£366k
Employees
21
Trustees
- Dr WAYNE SMITH
- Esther Kent
- Jayne Armitage
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.9m | £1.6m |
| 31/03/2024 | £1.4m | £1.5m |
| 31/03/2023 | £1.2m | £1.1m |
| 31/03/2022 | £551k | £577k |
| 31/03/2021 | £150k | £88k |
Common questions
Is GATEWAY TO FMA LIMITED financially healthy?
The accounts state that the charity generated an unrestricted surplus of £259,592, increasing its unrestricted reserves to £269,241. The trustees consider the charity continues to operate within its available resources and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by FWC Advisory Limited.