Charity registration number 1064878
Company registration number 03395875 (England and Wales)
GYMNASTIC TRUST LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

GYMNASTIC TRUST LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Secretary
Charity number
Company number
Registered office
Independent examiner
Website
Svetlozar Jeliazkov - chair
Michael Murphy
Lubov Jeliazkova
Lubov Jeliazkova
1064878
03395875
Unit 1
329 Southchurch Road
SOUTHEND-ON-SEA
Essex
United Kingdom
SS1 2PE
David Terry FCA
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
www.southendgymnastics.com

GYMNASTIC TRUST LTD
CONTENTS
Trustees' report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
Page
1-2
3
4
5 - 6
7 - 12

GYMNASTIC TRUST LTD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
"he financial statements have been prepared in accordance with the accounting policies set out in note 1 to th
inancial statements and comply with the charitable company's Memorandum and Article of Association, th
Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
Objectives and aims
The charity's objective and sole activity for the year is to maintain and make available for hire the use of a
gymnastic centre.
Charitable activities
The charity has made available the gym centre for hire and will continue to do so and ensure that all expenditure is
funded, as necessary.
Financial review
Reserves policy
The trustees remain committed to maintaining sufficient reserves in the event of unforeseen circumstances arising -
this policy is subject to a regular review of finances annually.
Principal funding sources
The charity is funded on the basis of expenditure. All expenditure is funded in advance.
Investment policy and objectives
There is no investment policy.
Public Benefit
The trustees have due regard to the guidance relating to public benefit published by the Charity Commission. The
Club's activities are primarily intended for the benefit of the people of Southend on Sea and the surrounding areas.
Our Club is open to all, regardless of age, race, gender, or sexual orientation.
Future Plans
Gymnastic Trust Ltd aims to continue to provide a gym coaching facilities.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Gymnastic Trust Ltd is a registered charity and a company limited by guarantee. The maximum liability of eact
member is limited to one pound. Al 31 March 2025 the company had 3 members (2024 - 3). Gymnastic Trust Ltd is
governed by its Memorandum and Articles of Association.
Recruitment and appointment of trustees
Trustees, who are also Directors of the Company, are elected from the local community.
Induction and training of new trustees
Newly appointed Trustees are provided with a comprehensive induction to the service and are encouraged to attend
external training courses.
- 1-

GYMNASTIC TRUST LTD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organisational structure
Gymnastic Trust Ltd is governed by its Trustee Board which is responsible for setting the strategic direction of the
Senile and for ensuring that the charity salstes if lege and coy tractual male responsibily for the conduct of the
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error. The trustees are not aware of any
particular potential or actual areas of risk or problem.
Statement of trustees' responsibilities
The trustees, who are also the directors of Gymnastic Trust Ltd for the purpose of company law, are responsible for
reparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdon
Iccounting Standards (United Kingdom Generally Accepted Accounting Practice
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees and signed on its behalf by:.
M J Murphy
Trustee
16 December 2025
istlurphy
- 2-

GYMNASTIC TRUST LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GYMNASTIC TRUST LTD
I report to the trustees on my examination of the financial statements of Gymnastic Trust Ltd (the charitable
company) for the year ended 31 March 2025.
This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My worl
has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in a
independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept o
assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independen
Responsibilities and basis of report
As the trustees of the charitable company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the Companies
Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the
charitable company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In
carrying out my examination have followed all the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a
member of The Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charitable company as required by section 386 of the 2006
Act; or
2
3
the financial statements do not accord with those records; or
ne tinancial statements do not comply with the accounting requirements of section 396 of the 2006 Act othe
han any requirement that the accounts give a true and fair view which is not a matter considered as part of a
independent examination; or
4
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached
avory
David Terry FCA
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
Dated: 16 December 2025
- 3-

GYMNASTIC TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Income from:
Donations and legacies
Expenditure on
haritable activitie
Total expenditure
Notes
3
4
Unrestricted
funds
2025
364,060
283,936
283,936
Total
2025
€
364,060
283,936
283,936
Total
2024
241,362
214,044
-
214,044
Net income for the year/
Net movement in funds
Fund balances at 1 April 2024
Fund balances at 31 March 2025
80,124
34,075
114,199
80,124
34,075
114,199
27,318
6,757
34,075
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
- 4 -

GYMNASTIC TRUST LTD
BALANCE SHEET
AS AT 31 MARCH 2025
Notes
8
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
Net assets
Income funds
Unrestricted funds
10
2025
22,168
43,103
82,895
125,998
(29,761)
96,237
118,405
(4,206)
114,199
114,199
114,199
- 5-
2024
€
3,335
42,716
27,357
70,073
(31,029)
39,044
42,379
(8,304)
34,075
34,075
34,075

GYMNASTIC TRUST LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The members have not required the company to oblain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The directors acknowledge their responsibilities for:
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
i the end of each financial year and of its surplus or deficit for each financial year in accordance with th
equirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A
2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Trustees on 16 December 2025 and were signed behalf by:
M J Murphy
Trustee
Company registration number 03395875
istlurphy
-6-

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Gymnastic Trust Ltd is a private company limited by guarantee incorporated in England and Wales. The
registered office is Unit 1, 329 Southchurch Road, SOUTHEND-ON-SEA, Essex, United Kingdom, SS1 2PE.
1.1
Accounting convention
The financial statements have been prepared in accordance with the charitable company's Memorandum and
Article of Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the
UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January
2019). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monetary amounts in these financial statements are rounded to the nearest €
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2
Going concern
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliably.
1.3
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance condition
have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.5
Expenditure
xpenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to
hird party, it is probable that a transfer of economic benefits will be required in settlement, and the amount o
the obligation can be measured reliably
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
- 7-

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
1.6
Tangible fixed assets
ingible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net
preciation and any impairment losse
Useful ives o i recolivie a wite of the cost or valualion of assels loss their residual values over their
Plant and equipment
25% on reducing balance
Fixtures and fittings
20% on reducing balance
1.7
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8
Taxation
The charity is exempt from corporation tax on its charitable activities.
1.9 Creditors and Provisions
Provisions are recognised when the charitable company has a legal or constructive present obligation as a
result of a past event, it is probable that the charitable company will be required to settle that obligation and a
reliable estimate can be made of the amount of the obligation.
he amount recognised as a provision is the best estimate of the consideration required to settle the preser
bligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligatior
Where the effect of the time value of money is material, the amount expected to be required to settle the
obligation is recognised at present value. When a provision is measured at present value, the unwinding o
the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.
2
Critical accounting estimates and judgements
3
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
Donations and legacies
Donations
For the year ended 31 March 2024
Unrestricted
funds
364,060
364,060
241,362
Total
2025
364,060
364,060
Total
2024
241,362
241,362
241,362
-8-

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Charitable activities
Gym coaches
Membership and competition expenses
Training material expenses
Travelling Expenses
Share of support costs (see note 5)
Share of governance costs (see note 5)
Analysis by fund
Unrestricted funds
For the year ended 31 March 2024
Unrestricted funds
Charitable
activities
131,073
18,664
9,365
3,449
162,551
83,150
38,235
283,936
283,936
283,936
214,044
214,044
- 9-
Total
2025
131,073
18,664
9,365
3,449
162,551
83,150
38,235
283,936
Total
2024
€
103099*
14,177
7,086
-
125,144
58,980
29,920
214,044
214,044
214,044
214,044
214,044

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Support costs
Depreciation
Insurance
Interest
Telephone and Internet
Bank charges
Rent
Repairs
Utility Expenses
Sundries
Office Cost
Independent examiner's remuneration
Bookkeeping
Legal and professional
Support Governance
costs
costs
€
5,542
1,010
262
2,110
500
55,341
5,186
9,675
1,427
2,097
...
Analysed between
Charitable activities
83,150
83,150
83,150
2,485
34,250
1,500
38,235
38,235
38,235
Total
2025
5,542
1,010
262
2,110
500
55,341
5,186
9,675
1,427
2,097
2,485
34,250
1,500
121,385
121,385
121,385
2025
Total
2024
€
715
1,128
363
445
282
49,948
4,696
390
1,013
-
3,786
26,134
88,900
88,900
88,900
2024
Net movement in funds
Net movement in funds is stated after charging/(crediting)
Depreciation owned on tangible fixed assets
Independent examiner's remuneration
Bookkeeping
Trustees
5,542
2,485
34,250
715
3,786
26,134
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charitable company during the year.
- 10-

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8 Tangible fixed assets
9
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Debtors
Amounts falling due within one year:
Other debtors
Prepayments
Plant and Fixtures and
equipment
fittings
€
18,921
6,048
24,375
18,921
30,423
18,921
18,921
-
2,713
5,542
8,255
22,168
3,335
2025
€
42,000
1,103
43,103
10 Creditors: amounts falling due within one year
Bank loans due within one year
Other creditors
Accruals
11
Creditors: amounts falling due after more than one year
Bank loans
2025
4,099
24,778
884
29,761
2025
4,206
4,206
- 11-
Total
€
24,969
24,375
49,344
21,634
5,542
27,176
22,168
3,335
2024
42,000
716
42,716
2024
3,995
22,522
4,512
31,029
2024
8,304
8,304

GYMNASTIC TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Loans
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Bank loans - 1-2 years
13 Analysis of net assets between funds
Unrestricted
funds
2025
Fund balances at 31 March 2025 are represented
Tangible assets
Current assets/(liabilities)
Long term liabilities
22,168
96,237
(4,206)
114,199
2025
€
4,206
4,206
Total Unrestricted
funds
2025
2024
€
22,168
96,237
(4,206)
114,199
3,335
39,044
(8,304)
34,075
2024
8,304
8,304
Total
2024
€
3,335
39,044
(8,304)
34,075
14 Related party transactions
Other creditors of £22,522 represents an advance sum received in 2023 from the Trustees to facilitate the
continued operation of the Charity.
- 12-