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RICHMOND GYMNASTICS ASSOCIATION

Registered charity 800253 · accounts filings on the Charity Commission register · also known as RGA

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Latest income
£1.3m
Latest spending
£1.3m
Registered
1988
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net loss of £91,828 for the year ended 31 August 2023, resulting in a significant reduction in cash reserves of £111,838. Per the trustees' report, the current level of unrestricted reserves is considered adequate for immediate requirements and future plans, and the trustees maintain a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“In the band £60,001 - £70,000” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2023 No. 2” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: The current level of reserves is considered adequate for the Associations’ immediate requirements and it’s future plans. (held: £621k)
“The current level of reserves is considered adequate for the Associations’ immediate requirements and it’s future plans.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The audit findings report notes that some trustees have immediate family members working for the Association as employees, but their positions are not considered to have any influence on the way the Association is managed. No specific amounts are disclosed in the accounts.
“Some of the Trustees have immediate family members working for the Association as employees, but their positions are not considered to have any influence on the way the Association is managed” — page 82
Per its FY2023 accounts as filed with the Charity Commission.
Governance: The audit Findings Report notes that the audit did not start until April 2024, later than last year and historically much later than in previous years, especially pre Covid. We were first contacted about the audit in March 2024, which because of the relative late notice, meant that we had little flexibility in our work schedule to immediately start work. After the onsite audit visit, there was also some time lags in receiving requested information, resulting in the finalisation process being less efficient than it could have been.
“The audit did not start this year until April 2024, which was later than last year and historically much later than in previous years, especially pre Covid. We were first contacted about the audit in March 2024, which because of the relative late notice, meant that we had little flexibility in our work schedule to immediately start work.” — page 74
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Feltons. Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — Richmond Gymnastics (matched by registered charity number).

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.3m
Total spending
£1.3m
Reserves (reported)
£582k
Employees
59

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Surrey · Throughout London

Income and spending

Financial year endIncomeSpending
31/08/2025£1.3m£1.3m
31/08/2024£1.3m£1.3m
31/08/2023£1.2m£1.3m
31/08/2022£1.1m£1.1m
31/08/2021£859k£931k

Common questions

Is RICHMOND GYMNASTICS ASSOCIATION financially healthy?

The accounts state that the charity reported a net loss of £91,828 for the year ended 31 August 2023, resulting in a significant reduction in cash reserves of £111,838. Per the trustees' report, the current level of unrestricted reserves is considered adequate for immediate requirements and future plans, and the trustees maintain a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Feltons.

What does the highest-paid employee of RICHMOND GYMNASTICS ASSOCIATION earn?

Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.