Sherwood Oaks Gymnastics Academy
The provision of gymnastics facilities to members of the public, in particular children and young people
Objects
TO PROVIDE AND ASSIST IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION FOR THE PUBLIC AT LARGE, IN PARTICULAR BUT NOT EXCLUSIVELY CHILDREN, IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE BY PROVIDING FACILITIES FOR GYMNASTICS
Financial health, per its FY2024 accounts
The accounts state that total income increased to £245,077 and unrestricted reserves rose to £30,911, resulting in a net benefit for the year. The trustees report that reserves are currently below their stated policy target of £12,000–£20,000 due to recent costs but are forecast to increase over the next 12 months. The charity confirms there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- ZOE McDonaldchair
- EMMA BAKER FCCA
- KERRIE ANN STEVENSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £245k | £217k |
| 31/12/2023 | £217k | £209k |
| 31/12/2022 | £196k | £196k |
| 31/12/2021 | £116k | £125k |
| 31/12/2020 | £76k | £128k |
Common questions
Is Sherwood Oaks Gymnastics Academy financially healthy?
Per its FY2024 accounts: The accounts state that total income increased to £245,077 and unrestricted reserves rose to £30,911, resulting in a net benefit for the year. The trustees report that reserves are currently below their stated policy target of £12,000–£20,000 due to recent costs but are forecast to increase over the next 12 months. The charity confirms there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 09/02/2016 | £5k | Shirebrook Gymnastics Development Project |
Charities like this
- SAPPHIRE SCHOOL OF GYMNASTICS LTD
- CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED
- WEALD GYMNASTICS CENTRE
- BRUMBY GYMNASTICS ACADEMY
- RICHMOND GYMNASTICS ASSOCIATION
- SOUTH DURHAM GYMNASTICS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Sherwood Oaks Gymnastics Academy | £245k | — | 0 | unclear | — | no doubt |
| SAPPHIRE SCHOOL OF GYMNASTICS LTD | £849k | — | 0 | above | — | no doubt |
| CITY OF NEWCASTLE GYMNASTICS ACADEMY LIMITED | £999k | — | 0 | unclear | — | no doubt |
| WEALD GYMNASTICS CENTRE | £414k | — | 0 | above | — | no doubt |
| BRUMBY GYMNASTICS ACADEMY | £125k | — | 0 | below | — | no doubt |
| RICHMOND GYMNASTICS ASSOCIATION | £1.3m | £70,001 - £80,000 | 2 | unclear | — | no doubt |