THE CHAPEL GYM CORBY
The preservation and protection of good physical and mental health by providing advice and training in subjects relating to health, primarily through a public gym facility, and to carry out this purpose with a Christian ethos and as an outworking of the Christian faith;
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £74,409.56 for the year, with total income of £301,789.56 against total expenditure of £227,380.10. However, the independent examiner noted that accounting records were not kept in accordance with the Charities Act, and the charity has a net loan liability of £17,835.47 from Nat West which offsets its cash balance.
What the accounts disclose
“Gym Membership Fees 270,635.50”
Property (HM Land Registry)
Trustees
- Rev PAUL WILLIAM FROSTchair
- Dr Paul Vinton BUCKINGHAM
- James Charles Cullis Watkins
- Jeremy William Sharman
- LYNN CAROL HAY
- Rev Joseph William Griffiths
- SUSAN LORRAINE NORMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 16/09/2024 | £302k | £227k |
| 16/09/2023 | £193k | £184k |
| 16/09/2022 | £168k | £181k |
| 16/09/2021 | £183k | £156k |
| 16/09/2020 | £232k | £216k |
Common questions
Is THE CHAPEL GYM CORBY financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £74,409.56 for the year, with total income of £301,789.56 against total expenditure of £227,380.10. However, the independent examiner noted that accounting records were not kept in accordance with the Charities Act, and the charity has a net loan liability of £17,835.47 from Nat West which offsets its cash balance. Its FY2024 accounts were independently examined.