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← Gmax Trackstars

2025-01-31-accounts

GMAX TRACKSTARS – ANNUAL REPORT & FINANCIAL STATEMENTS

For the year ended [1[st] Jan 2025]

1. Reference and Administrative Details

Charity Name: Gmax Trackstars Registered Charity Number: [ 1138783 ] Legal Status: CIC with charitable purposes Registered Address: Unit 1,22A Sydenham Road LONDON, SE26 5QW

Website: www.gmaxtrackstars.com

Trustees During the Year

(Include dates appointed/resigned if applicable.)

Key Management Personnel

2. Charitable Objectives

Gmax Trackstars is established for the public benefit to:

3. Chair’s Statement

This year has been a period of growth, impact, and renewed commitment to transforming young lives through sport. Despite challenges such as [funding pressures / facility constraints / post-pandemic recovery], Gmax Trackstars has continued to deliver high-quality coaching, community engagement, and life-changing opportunities for children and young people across our communities.

We remain proud of the resilience shown by our staff, volunteers, participants, and partners who ensure that Gmax continues to be a trusted grassroots organisation driving positive social change.

4. Public Benefit Statement

The Trustees confirm that they have complied with the duty under Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.

All activities undertaken by Gmax Trackstars are directed toward achieving our charitable purposes and providing public benefit, including:

No beneficiaries are excluded due to background, ability, or financial constraints.

5. Activities and Achievements During the Year

5.1 Programmes Delivered

6. Impact Summary Year in Numbers

Case Study (Placeholder)

"Before joining Gmax, Reuben struggled with confidence and direction. After participating in regular sessions and receiving mentoring support, they achieved physical and mental improvements with his wellbeing and are now on route to scholarship for university."

7. Partnerships

During the year, Gmax Trackstars worked with:

We thank all partners for helping us extend our reach and impact.

8. Financial Review

Income

Total income for the year amounted to £141 ,904 comprising:

Gross profit 87,279
Administrative expenses 77,774
Other operating income 5 48,977
Operating profit 6 58,482
Other interest receivable and similar income 7
Interest payable and similar expenses 8 37,154
Profit/(loss) before taxation 21 ,328
Tax on profit/(loss) 9 2,823
Profit/(loss) for the financial year and total comprehensive income Profit/(loss) for the financial year and total comprehensive income 18,505

9. Risk Management

Key risks identified include:

CEO review risks regularly and have appropriate controls in place.

10. Structure, Governance and Management

Gmax Trackstars is governed by a Board of Trustees who meet [quarterly] to oversee strategy, finance, safeguarding, and compliance.

Trustees are appointed through [open recruitment / nomination] and are provided with a full induction and Charity Commission guidance.

The charity is managed day-to-day by CEO/Programme Director supported by 20 staff and volunteers.

11. Objectives for the Coming Year

Our priorities for next year include:

12. Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and regulations, ensuring:

13. Declaration

This report was approved by the Board of Trustees on 1[st] Sept 25 and signed on their behalf:

David Emaun Chair of Trustees

COMPANY REGISTRATION NUMBER: 7122226 Gmax Track Stars limited Unaudited Financial Statements 31 January 2025 Accountants 6 Rye Court 214 Peckham F<ye SE22 OLT

Gmax Track Stars limited Financial Statements Year ended 31 January 2025 Contents Page Director's report Statement of income and retained earnings Statement of financial position Statement of cash flows Notes to the financial statements The following pages do not fomi part of the financial ststements Accountants report to the director on the preparation of the unaudited statutory financial statements 13 Detailed income statement 14 Notes to the detailed income statement 15

Gmax Track Stars limited Director's Report Year ended 31 January 2025 The director presents his report and the unaudtted financial slatements of the company for the year ended 31 January 2025. Director The director who served the company during the year was as follows. Philip MarkAnthony Lancaster Small company provisions This report has been prepared in accordan￿ with the provisic￿$ applicable to companies enltued to the small companies exemption. This report was approved by the board of directors on 28 October 2025 and signed on behalf of the board by: Philip MarkAnthony Lancaster Director Registered office: Zanara Court 22A-24 Sydenham Road Sydenham London England SE26 5QW

Gmax Track Stars limited Statement of Income and Retained Eamings Year ended 31 January 2025 2025 Turnover Note 2024 Cost of sales Gross profft A(Iministrative expenses Other operating income Operatlng profit Other interest receivable and similar income Interest payable and similar expenses ProfiV(loss) before taxation Tax on profiV(loss) ProfiU(loss) for the flnanclal year and total comprehenslve Income 141,904 133,102 54.625 87.27g 63,778 69,324 77.774 48,977 58.482 75,528 39,420 33,216 37.154 35,314 21,328 (2.097) 2.823 18.505 (2,097) Retained losses at the start of tho year Retalned lossas at the end of the year {174,645) (172,548} (156.140) (174,645) All the acttvities of the company are from continuing operations. Tho notes on pages S to 11 forni part of these flnanclal statements.

Gmax Track Stars limited Statément of Financial Position 31 January 2025 2025 2024 Fixed assets Tangible assets Note 11 822.319 866.430 Current assets Cash at bank and in hand g6 2.001 Creditors: amounts falling due within one year Net current liabilitie5 Total assets less current liabilities 13 82,785 82.689 85,362 83,361 783.069 739.630 Cr9ditors: amounts falling due after more than one ￿ar Net liabilities 14 895.769 957,713 (156.139) (174,644) Capitsl and reserves Called Ltp share capital Profrt and loss account Shareholders deficit 16 (156.140) (174.6451 (156,139) (174,644) For the year ending 31 January 2025 the company was entiued to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directorfs responsibilities= The members have not required the company to obtain an audit of Its financial statements for the year in question in accordance with section 476- The director acknowledges his responsibilities for complying wtlh the requirements of the Act Wtlh respect to accounting records and the preparation of financial statements. These financial statements have been prepare(l in accoidance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of directors and authorised for issue on 28 October 2025. and are signed on behalf of the board by. Philip MarkAnthony Lancaster Director Company registration number 7122226 The notes on paggs S to 11 tonn part of these financlal statements.

Gmax Track Stars limited Statement of Cash Flow5 Year ended 31 January 2025 2025 2024 Cash flows from operating activities ProfiU(10ss) for the financial year Adjustments ft)r.' Depreciation of tangible assets Other interest receivable and similar income Interest payable and similar expenses Tax on profiV(loss) Changes in.. Trade and other creditors Cash generated from operations Interest paid Interest received Net cash from operating activrties Noie 18.505 (2.097) 44,111 47.337 {1) 35.314 37,154 2,823 {840) 101.753 9,850 90.403 (37.154) (35,314) 64,599 55,090 Cash flows from Investlng actlvllles Purchase of tangible assets Net cash used in investing activities (1.200) (1.200) Cash flows from flnancing actlvltlos Proceeds from borrowings Payments of finance lease liabilities Nel cash used in financing activities {22,956} (43.543) (66.499) 4,387 (56,303} {51.916) Net (decrease)lincroaso in cash and cash oqulvalonts Cash and cash equlvalents at beglnnlng of year Cash and cash equlvalents at ond of year (1.￿0) (17,892) (19.792) 1,974 (19.866) (17,892) 12 The notes on pages 5 to 11 forni part of these flnancial statemènts.

Gmax Track Stars limited Notes to the Financial Statoments Year ended 31 January 2025 General inforniation The company is a private company limited by shares. registered in England and Wales. The address of ihe registered office is Zanara CourL 22A-24 Sydenham Road. Sydenham, London. SE26 5QW. England. Stat8mont of compliance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. Accountlng pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling. which is the funCt￿nal currency of the entity. Judgements and key 50urcè$ of estlmatlon uncortalnty The preparation of the financial statements requires management to make Judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expeclations of future events that are believed to be reasonable under the circumslances. Revenue ro¢ognftlon Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered. net of discounts and Value Added Tax. Revenue from the sale of goods is reccgnised when the significant fisks and rewards of ownership have transferred to the buyer (usually on despatch of the goods): the amount of revenue can be measured reliably; it is probable that the aSs￿lated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the oulGome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expense5 recognised will be recovered. Income tax The taxation expense represenls the aggregate amount of Current and deferred tax recognised in the reporting periThJ. Tax is recognised in profit or loss, except to the extent that il relates to iteTns racognised in other comprehensive inGome or direcuy In equity- In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Gmax Track Stars limited Notes to the Financial Statements Iconiinued) Year ended 31 January 2025 Accounting policies (continua Income tax (contsnuedj Current tax is recognised on taxable profrt for the current and past periods. Current tax is measured al the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reports.ng date. Deferred tax recognised in respect of all timing differences at the reporting date. Unrelieved tax 105ses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxablè profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Intanglble assets Intangible assels are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impainnent losses. Any intangible assets carried at revalued amounls. are recorded at the fair value at Ihe date of revaluation. as determined by reference lo an acts've market. less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets a¢quired as part of a business comblnation are only recognised separately from goodwill when they arise from contractual or other legal rwJhts. are separable. the expected future economic benefils are probable and Ihe cost or value can ￿ measured reliably. Amortlsatlon Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows.. Intangibles 33% straighl line If there Is an Indlcallon that there has been a significant change in amortisation rate. useful lif8 or residual value of an intangible asset, the amortisalion is revised prospectively to reflect the new estimates. Tangiblo as8et8 Tangible assets are initially recorded al cost. and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is re(wnised in other comprehensive income and accumulated in equity, except to the extent it reverses a revalualion decrease of the same asset previously recognised in profrt or loss. A decrease in the carrwng amount of an asset as a result of revaluation, is recognised in olher comprehensive income lo the extenl of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respe¢l of that asset. the excess shall be rec¢)3nised in profit or loss.

Gmax Track Stars limited Notes to the Financial Statements (continue Year ended 31 January 2025 Accounting pollcies {continu8dJ Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as follows.. Lon9 leasehold propety Fixtures and fittings Equipment 4Yo straight line 5Yo Straight line 20% stra￿￿h1 line Impairnient of flxad assets review for indicators of impaimient is carried out at each reporting date, wilh the recoverable amount being estimated where such indicator5 exist. Where the Car￿ng value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each retthing dale. For the purposes of impairment testing. vthen it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which Ihe asset belongs. The cash-generating unit is the smallesl identifiable group of assets that includes the asset and generates cash inflows thal largely independent of the cash inflows from other assets or groups of assels. For impairment tesllng of goodwill, the goodwill acquired in a business combination is, from Ihe acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assels or liabilities of the company are assigned to those units. Finance lèase3 and hlre purchase contracts Assets held under finance leases and hire purchase contracts are recrJ3nised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the incepts.on of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finan￿ charges and reduction of the outstanding leas8 liability using the effeclive interest method. Finance charges are allocated to each peri¢xI so as to produce a constant rale of inlerest on the remaining balance of the liability. Turnover Tumover arises from.. 2025 2024 Rendering of services 141.904 133,102 The whole of the turnover is attributable to the principal activity of the company wholty undertaken in the United Kingdom.

Gmax Track Stars limited Notes to the Financial Statements (￿ntinUed) Year ended 31 January 2025 Other operating income 2025 2024 Other operating income 48,977 39,420 Operating profit Operating profft or bss is stated after charging: 2025 2024 Depreciats'on of tangible assets 44,111 47,337 Other interest receivable and similar income 2025 2024 Interest on cash and cash equivalents Interest payable and similar expensès 2025 2024 Interest on banks loans and overdrafts Interest on obligations under finance leases and hire purchase contracts Other interest payable and similar charges 4.023 5.464 25,123 8,008 28.386 1,464 37.154 35.314 Tax on profiV(loss) Major components of tax expense 2025 2024 Current tax: UK current tax expense Tax on profitl{loss) 2,823 2,823

Gmax Track Stars limited Notes to the Financial Ststements (eontlnued) Year ended 31 January 2025 Tax on profftl(lo$s) {conlinued) Reconcillatlon of tax expense The lax assessed on the profitl(loss) on ordinary activities for the year is the same as (2024: the same as) the standard rate of corporation tax in the UK of 19% (2024.. 19°h). 2025 2024 ProfiV{loss) on ordinary aGtFvities before taxation ProfiV(loss) on ordinary activitses by rate of tax 21.328 {2,097) 2.823 10. Intanglble assots Intangibl• asset user defined 1 Cost At 1 February 2024 and 31 January 202S Arnortisatlon At 1 February 2024 and 31 January 2025 Carrying amount At 31 January 2025 At 31 January 2024 24.208 24.208 11. Tanglble assets Long leasehold Fixtures and propety rittings Equipment Total Cost At 1 February 2024 and 31 January 2025 Dopreciatlon At 1 February 2024 Charge for Ihe year At 31 January 2025 Carrylng amount At 31 January 2025 At 31 January 2024 1.068.579 30,027 15,458 1,114,064 224.120 42,743 266.863 7,923 1.501 15.591 (133) 15,458 247.634 44,111 291,745 9.424 801,716 644,459 20.603 22.104 822,319 866.430 (133)

Gmax Track Stars limited Notes to the Financial Ststements (eonlinu•d) Year ended 31 January 2025 12. Cash and cash equivalents Cash and cash equivalents comprise the followrng: 2025 2024 Cash at bank an¢J in hand Bank overdrafts 2.001 (19,8931 (17,892) (19.888> {19.792) 13. Creditors." amounts falllng due within one year 2025 2024 Bank loans and overdrafts Corporation lax Director loan accounts Other creditors 19,888 2.823 34,389 25,685 82.785 19.893 38,944 26,525 85,362 14. Credltors.. amounts falllng due after more than one year 2025 2024 Bank loans and overdrafts Obligations under finance leases and hire wrchase contracts 24,419 871,350 895,769 42,820 914.893 957,713 15. Flnanc8 leases and hlre purchase contracts The total future minimum lease payments under finance leases and hire purchase contracts are as follows: 2025 2024 Later than 5 years 871,350 914,893 16. Callad up share capltal Issued, Callèd up and fully pald 2025 2024 Ordinary shares of £1 each No. 10

Gmax Track Stars limited Notes to the Financial Statements {￿n￿Rued) Year ended 31 January 2025 17. Analysis of Changes in net debt At At 1 Feb 2024 Cash flows 31 Jan 2025 2.001 (19.893> (1.905) (38,944) (957.713) (1,014,549) Cash at bank and in hand Bank overdrafts Debt due wvthin one year Debt due after one year 4.555 61.944 64,599 (19,888) (34.389) (895.769) {949.950) 18. Dlrectorf6 advances, credlts and guarantees During ihe year the director entered into the following advances and credits with the ¢yJmpany.' 2025 Balance Advancesl brought (credits) to the Balance forward director outstandlng Philip MarkAnthony Lancaster (38.944) 4.555 (34.389) 2024 Balance Advancesl brought (credits) to the forward director Balance oulstanding Philip MarkAnthony Lancaster (38,344) (600) (38,944) 11

Gmax Track Stars limited Management Information Year ended 31 January 2025 The following pages do not fomi part of the financial statements. 12

Gmax Track Stsrs limited Accountants Raport to the Director on the Preparation of the Unaudited Statutory Financial Statements of Gmax Track Stars limited Year ended 31 January 2025 As described on the ststement of financial position. the director of the company is responsible for the preparation of the financial statements for the year ended 31 January 2025. vthich comprise the statement of income and retained earnings. ststement of financial position. statement of cash flows and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In a¢cordanGe with your inslructs'ons we have compiled these financial statements in order to assist you to fulfil your slatutory responsibilities. from the accounting records and from information and explanations supplied to us. V J RUTHERFORD LTD. Accountants 6 Rye Court 214 PeGkham Rye London SE22 OLT 28 October 2025 13

Gmax Track Stars limited Detailed Income Statement Year ended 31 January 2025 2025 2024 Turnover Revenue 141.904 133.102 Cost of sales Subcontractor costs 54.625 63.778 Gross profit 87,279 69.324 Overheads Administrative expenses Other operating Income 77.774 75.528 48,977 39,420 Opèrating profit 58.482 33.216 Other interest re￿[Vable and similar in￿lme Interest payable and similar expenses (37.154) (35.314) ProfiV(loss) before taxation 21,328 (2,097) 14

Gmax Track Stars limited Notes to the Detailed Income Ststement Year ended 31 January 2025 2025 2024 Administrative expenses Rent rates and water Light and heat Insurance Repairs and maintenance Travel expenses Telephone & intemet Office expenses Printing postage and stationery General expenses Subscriptions Advertising & marketing Legal and professional fees Accountancy fees Depreciation of tangible assets Bank charges 2.103 4,033 536 5.000 40 4.209 408 2,700 556 3,729 31 3.720 1,536 2,290 11,955 109 1.250 1,510 10.596 156 2.209 900 47,337 548 44,111 767 77,774 75,528 Other operating income Other operating income - coaching fees Other operating income Donations & fundraising events 2.247 37.094 79 48,977 48,977 39,420 Other interest recelvable and similar income Inlerest on cash and cash equivalents Interest payable and simllar expenses Interest on bank loans and overdrafts Interest on hire purchase and finance lease contracts Other interest payable and fees 4,023 25.123 8.008 5.464 28,386 1.464 37,154 35,314 15

Mark Lancaster CEO Gmax Trackstars 22a Sydenham Rd SE26 5QW

Email Address info@gmaxtrackstars.com

[Phone Number] 0208 090 1752

[Date] 29[th] Nov 2025

Charity Commission for England and Wales

PO Box 211 BOOTLE L20 7YX

Dear Sir/Madam,

Re: Gmax Trackstars – Organisational Structure Revision and Future Annual Return Submission

I am writing on behalf of Gmax Trackstars to provide an update regarding our current legal and structural status, and to ensure that our forthcoming filings are aligned with the Commission’s expectations.

As your case records will show, Gmax Trackstars has been engaged in a process of legal structure revision and transition , following guidance received during recent communications with the Charity Commission. This restructuring was initiated to ensure that our governance, operational model and public benefit framework are fully compliant, sustainable, and appropriate for the scope of our charitable activities.

Following your advice, we are proceeding with the establishment and registration of:

Gmax Trackstars (London)

(proposed charity structure name)

This revised structure will serve as the primary charitable entity through which our programmes, governance, reporting and compliance obligations will be managed going forward.

We therefore wish to confirm that:

We are committed to ensuring that this transition is transparent, compliant and consistent with Charity Commission expectations. We will continue to cooperate fully and provide any further documentation or clarification as required.

If you need additional information or updated governance documents relating to our restructure, we will be happy to supply them.

Thank you for your guidance and continued support during this process.

Yours faithfully, Mark Lancaster CEO

Gmax Trackstars