## **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** 

- [David Demudia Emuan], Chair 

- [Feni Ajumogobia], Secretary 

- [Micheal John Courtney], Trustee 

- [Jamie Stafford], Trustee 

(Include dates appointed/resigned if applicable.) 

## **Key Management Personnel** 

- Mark Lancaster [CEO / Programme Director / Operations Lead] 

## **2. Charitable Objectives** 

Gmax Trackstars is established for the public benefit to: 

- Advance education through structured sport and mentoring. 

- Promote amateur athletics and physical activity among children and young people in disadvantage communities. 

- Provide opportunities that support personal development, wellbeing, and resilience. 

- Reduce youth violence, anti-social behaviour, and social exclusion. 

- Strengthen communities through inclusive and accessible sport-for-change programmes. 

## **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: 

- Accessible athletics coaching 

- Youth mentoring and personal development 

- Violence reduction programmes 

- Community sport sessions 

- School and holiday programmes 

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

## **5. Activities and Achievements During the Year** 

## **5.1 Programmes Delivered** 

- **Athletics & Sport Coaching** Delivered **6** weekly sessions engaging **35** young people. 

- **Mentoring & Personal Development** 

   - Supported **30** young people through structured mentoring. 

- **Violence Reduction Projects** 

   - Engaged **4** at-risk young people in targeted intervention programmes. 

- **School & Holiday Camps** Delivered **20** multi-sport programmes in partnership with **Rio Ferdinand Foundation, elevate sport** 

- **Community Outreach** Reached **40** families through outreach and wellbeing initiatives. 

## **6. Impact Summary Year in Numbers** 

- **[135]** young people engaged 

- **[200]** coaching hours delivered 

- **[45]** volunteers trained or supported 

- **[0]** qualifications or certificates achieved 

- **[70%]** improvement in confidence/wellbeing (based on internal surveys) 

- • **[7]** participants diverted away from risk of offending or exploitation 

## **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: 

- **[Local Authority]** Lewisham and Greenwich 

- **[Schools or Colleges]** Numerous in both boroughs delivering pilot sessions 

- **[Sport England / Youth Organisations] |** Rio Ferdinand Foundation, Elevate sport 

- • **[Community Clubs or Trusts]** Numerous in both boroughs 

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: 

- **Funding Stability** – mitigated by diversification of income streams. 

- **Safeguarding Risks** – addressed via DBS checks, safeguarding policy, and staff training. 

- **Operational Capacity** – supported by volunteer development and partnership working. 

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: 

- Expanding youth mentoring and pathways programmes 

- Increasing weekly coaching provision 

- Developing a long-term facility strategy 

- Strengthening measurement of impact 

- Growing partnerships with schools, sports bodies, and local agencies 

- Increasing organisational capacity and financial sustainability 

## **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: 

- Proper accounting records are kept 

- Financial statements give a true and fair view 

- The charity complies with its governing document and statutory duties 

## **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: 

- The **application for charitable status** for **Gmax Trackstars (London)** is being prepared in accordance with the Commission’s requirements; 

- This new structure will become the official entity responsible for submitting our **Annual Return** , accounts and all future reporting obligations to the Charity Commission; 

- The change reflects a continuation and strengthening of our long-standing work in community sport, youth development and social impact, rather than a cessation of our activities. 

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**