Register of Charities - The Charity Commission MANCHESTER ACADEMY OF COMMUNITY GYMNASTICS LTD

Charity number: 1174633
Charity reporting is up to date (on time)

Activities - how the charity spends its money

This project is a way of giving back to the local community and a vision of providing a world-class state of the art sports and recreation facility, operated as a charity, not for profit organisation which will enable young people, irrelevant of social disadvantages or disabilities, to achieve as much as possible, giving them a platform to help them achieve in their chosen discipline.

Income and expenditure

Data for financial year ending 24 March 2022

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No information available