Company rroisiraiion number. 07792910
Charity. registratiQD number: 1147333
Phoenix Gymnastics Limited
(A company limited by guarantee)
Annual Re￿rt and Financial Statements
for the Year Ended 30 Sepiember 2025
Anthony Williams & Co Lid
Trevenson House
Church Road
PIK)I
REDRUTH
Lornwall
TR15 3PT

Phoenix G>mnastic8 Limited
Contents
Reference and Adtllillistrdtive Detsils
Trustees, Report
2104
Indep¢ndeTtt Examin¢Ps Report
5t06
Statement of Financial A¢tivities
Balance Sheei
8t09
Notes to the Financial Statements
IOto22

Phoenix Gymnasties Limited
Reference And AdministratiTr¢ Details
Cbarity Registrntion Number
1147333
Cotnpapy Registration
07792910
Th¢ chartry is tn¢orporaied in England and Wale&
Unit B5-B7 Fornkl I]Kh￿trial E.sts
Treswithian
Camborne
Cgrnwall
TK140PY
Registered Otrwe
Independent ExamiD¢r
Anthony Williams & Co Lid
Treven50n IIou5¢
Church Road
Pool
RF.DRUTH
Cornwall
TR15 3Fr
Page I

Phoellix Gymnastie5 Limiled
Trustees, Report
The trustees. who are director5 for the purpose5 of co]npany law, pres¢nt the annual report together with ihe
fUL￿ClaI s(atemenis alld audito￿. report of the chatitable compauy for th¢ Jear ended 30 sep￿mber ?025.
Objectives #Dd actI￿ltIeS
Objects anduins
The objects of the charity, IS defmed by the Memordndon of Asslxiation. are to undertake the promotion of
community participatiOD in healthy recreation in particular by the provision of facilities foT gymnasiics and
tram¥Kilining.
Puljlic benejli
During the year, the charity continued io advancc Tts objctiives by prom(rtiDg and providing access io
higJ-qualiTr ￿]nna511¢S and trampblining oppotllLllitie5 for children, }'oung pcople. and adu115 within ihe local
communiry.
The charity delivered a broad PTo£raTTame of structured gSTnn85li¢s and trampolining sessions designed io
support physical literacy. personal deielopTnent. and lon".tcmi panicipation in 5POrt. Aciiviiies includcd
beginner-level recreational classe5. T￿t￿nedIat¢ and advanced trdiniDg probryamme5. and dediCa￿d Sessions for
individuals with additional needs. These acliviiie5 were delivered b> qualified coaches in a safe, supp)rtive
environment and M'ere open io the publi¢ regardless of backgrolmd or abiliN.
To further public benefiL ihe charity..
Organised tasier da)'s and open 5e55ions lo encourydge nem. participants io engage ID gymnastics and
trampolining. proJnoting health: ¢onfidenrx: and physical well￿1ng across all age groups.
Maintained and improved specialist equipmen( ensuring high4Euality.. safe faciliries that rneet national standards
and support both recreational participation and progression pathThYys.
Support¢d volunteer dev¢lopmeni, offering training and mentoring w young Nolunteers and aspiring coaches to
help build skill¥ confiden￿. and community involvement.
Delivered welltKing-focu5¢d PTogramm¢K emphasising the physi￿. mental. and social benefits of regular
physical activity.
These atlivitie5 directly contrbute lo the charity's public trtnefit aiTllS by Tnaking smictured physic￿ activity
dely a¢cessibl¢, irnproving hcalih and well￿]n> avd providing safe. tM)sitivc enwronmenis foT T￿berS of
thc comTnunity lo participate in sport.
The trustees tonfm th￿ th¢y have complied with th¢ requireJnents of seclion 17 of the Charities Act ?01 I to
have due regard io the public b¢n¢fit guidance published by the Charity Commission for England and Wales.
Trustees otficers
The trnstees and olY2cers seThing during the year and simc¢ the year end were as follows:
Trustres:
Mr James Anbur Hom'anh
Mr Paul Howa
PaEe 2

Phoenix Gymnasties Limited
Trustees, Report
Structure, governance and man¥4gemethl
Financial instruments
Objeclives andpolicles
The charity's activities expose it to a number of financial risks including credit risk. cash flow risk and liquidity
risk. The use of financial d¢rivative5 is goN'erned bv the charity's wlicies appro￿ed by the board of Nstee&
which provsdc MTitten principles on the use of financial derivarives io manage these risks. The charity does not
%e d¢rivative financial in5tnunenrs for 5￿CUl￿1¥C purrM>ses.
Cashflow rlsk
The charity's activilies expose il PriEnarily to th¢ financial risks of changes in foreign ¢urren¢y exchangye rates
and intertsl rat¢s. The charity use5 foreign exchange forward contracts and interesi rate swap contracis to hedge
these exposure5.
Interest bearin8 assets a[￿ liabilities are held * [￿ed rat¢ io ensure certainty of ash flow5.
Crethl risk
The charity s principal financial assets are bank ￿lanCeS and cash, trade and other rec£svable5, and invesknents.
The charity's credit risk is primaril}. atMbutsble io its trade receivables. The amounts presented in the balance
5heth are nct ot allowances for doubt￿7 receivables. An allo￿￿¢¢ for impairnient i% made where there is an
ideniified loss event which, based (m previous expcrience. is ¢videnc¢ of a reduction in the recoverability of th¢
cash flows.
The credit risk liquid funds derivative fiEwicial instn]m¢nts is limwt¢d trt¢aus¢ th¢ ¢ount¢rpani¢s are
banks with high credtt-rdrings assigned b). international credii-rniing agencies.
The charity has no significant ¢on¢¢ntrarion of ¢r¢dit risk. with cxposur¢ spread over & large number of
counterparties and eu5tomer5.
LlqAldlty rlsk
En order to maintain liquidity w ensure that sulYici¢nt fi￿d5 are available foT ongoing operations and future
developments. the clmrity uses a mixture of lon¥-terni and 5hort-tenn debt fu)an(e.
Further detsils regarding liquidity risk can b¢ found in the Ststement of accounting poli¢i¢s in the fJnan¢ial
s￿ementS.
Statement oftrustees, reSPODsibilities
The tsus*es (who &e also the directOT5 of PIKJenix Gvmna5tics Limited for the PUTposes of company law) are
responsible for preparing the trustees, rep)rt and the fmancial statements in accordance ￿1th applicable law and
United Kingdom Accounting Standards (un]￿d Kingdom Gen¢rdll) Accepted Accounting Prn¢ÉiceX including
FRS 102 "The Financial Reporting Standard applicable ID the UK and Republic of Ireland" The rep)rt and
accounts have been prepared in attordan¢¢ with the provisions in the Cornpani¢s Act 20[￿ r¢lating to small
¢ompanies.
Company law require5 the trusttts to prepare F]nancial ststeJn¢nts for each fmancial )ear. Under Compally law
the trustees musi not approve the f￿ancial statements unless they are satisfied thai they gi&e a true and fair view
of the slate of atTairs of ihe charitable and of the inconjing resources and appIl￿tion of resources.
including its income and expenditure. of the charitsble companv for period. In preparing these fmancial
statements, the m15ttts are required io:
sele¢t %uitsble a¢¢ounting policies and app]y thwn ¢onsist¢ntlv;
obsm¢ th¢ Tnethods and principles in th¢ Charities SORP.
make judgements and e￿ImateS thai are reawnable and prudenl:
Page 3

Phoenix Gymnastics Limited
Trn5tees' Report
stale whtther applicable accollntiitg 5th￿d￿. comprisiDg FRS 10? hase been followe& subject to any
aterial departures disclosed and explained in th¢ fmancial sts*ments' and
. prepare the financial ststtments on the going concern basis uThiess it is inapprowiatr to presume ihat the
charitsble compani" ￿11] continue in business.
The tNsiees are responsible for keeping prO￿r accountillg records can disclos¢ with reasonable accuracy
any time the financial p)sition of the charitable cornpan) and enable them to ensure thai the financtal sts(ements
cornply wiÉh the Cornpanies Act 21M)6. The!. are also re5ponsTbl¢ for safeguarding thc ass¢ts of the charitable
company and hence for tsking re&sonabl¢ sleps for the prcveniion and deiection of fraud and other irregularhties.
The trusitts are responsible for the Tnaintenanrc and inleerity of the CO￿orate and financial inforn?ation
included on the eharitable compallv's website. L¢gislation governing the prcpardtion and dissernination of
[￿anCial sthternents may differ from legislation in otherjurisdictions.
Small wmpanit5 provision ststemeDt
This rew)rt has been prep￿ed in accordamc¢ with the STnttll companie5 regime under the Companie5 Acr 2006.
The amiual rep)rt w&s approved by the tru51¢es of th¢ ch8rtly on 8 May ?026 and signed on ils behalf by:
Mr Jarnes Arthur Howarth
Tn]ste¢
Paul HoW￿h
ru5tee
Page 4

Phoenix Gvmnasti¢5 Limited
Independent Examiner's Report to the trnstees of Pboenix G)mnasties Limited ('Ibe
compan￿.)
I rq)ort to the Charity ITUStees on my examination of the acc4JuThts of the Company for the year ended 30
September 2025.
Respo￿$[bIlItieS and b45is of report
As the charity's trnstees of the Compalry (and atso its directors for the purposes of company law) you are
responsible for th¢ preparation of the accounts in accordance M'ith the requirements of the CoTnpanies Act 2006
('the 2006 Ad,).
Having saiisfied m>'self that the accounts of the Compan) are not requitEd to be audited und¢r Part 16 of the
2006 Act and are elÈgible for indep¢nden( exarninaiioffj I ￿e￿rt in respect ofrny exajnination of your charity's
accounts as carried out under section 145 of the Chariiies Act 2011 {'the ?01 l Act,). In carr%'ing out my
examinarion I have followed the Direaion5 given by the Charity Comtnission under section 145(5Xb) of the
2011 Act.
IndepeDdent examiner's ststemeTrl- rn8tteT of concern identified
Since the CornpanN 5 gross tncome exceeded £250.(M)O jour e_xaminer rnu￿ be a rnem￿r of a body listed in
section 145 of the 201 l Art. l confw￿ that l am qualÉfied 10 w]dertake ihe examination be£ause l am a mernb¢r
of ACA, which is one of the listed btyjies.
I have completed my examin￿10n. I have identificd rnatters of concern .. .
I confum thai no other matters have corne to my attention in ¢onneciion wilh the examination siving me
T￿sonable cause to believe that in any material rest*d:
accounting records were not kept in reswt of Phoenix G￿]nnastLeS Limited as required by scctiort 386 of
the 2006 ACL or
2. the accounts do not a¢¢ord Mith those records: or
3. the accounts do not cornpl!. with the accounting requiren)ents of section 396 of the 2006 Aet other than
any requirement that the accounts give a 'trn¢ and fair view, which is not a matter considered as part of an
independent exarAinaiion: or
4. the accounts have not been prepared in accordance ￿'1{h ihe meth(KJs and principles of the Staternent OF
ReC0mn￿ndCd Pradice for accou￿tin￿r and reporting b}. chariries lapplicable io chariiies preT>aring their
accounis in accordance with the Financial R¢porting Standard applicable in the UK and Republic of
Ireland {FRS 102)].
I confirm that there are no other mauers to which your attention should bc drawn lo enable a proper
und¢rstanding of the accounts to be reached.
Keiron Siephens
ACA
TreveT￿n Ilou
Church Road
PIN)1
REDRUTH
Cornwall
TR15 3PT
Pag¢ 5

Phoenix G>mn8sti¢s Limited
Ind¢p¢ndeDt Examiner's Report to the trnstees of Phoenix Gymnastics Limited ('the
Companv,)
8 May 2026
Page 6

Phoenix Gymnasties Limited
Statement of Financial Activitie8 for the Year End￿ 30 September 2025
{In¢luding Income and Eipenditure Aceount and Statement of Total Recognised G4in5
and Losse5)
Unrestricted
fuDd5
Tot*1
2025
Total
2024
Note
Intomt alld ElldowtThtDts from:
Donations and legacies
Charitable activities
Other trdding aclivities
2,463
334,855
27.390
2,463
334,855
27.3
3,082
277,S21
26,024
Total incom¢
364.708
i64.708
306.927
Expenditure oll:
Raising funds
Charitable activities
(38.811)
(30i.442)
(38.811)
(303.442)
{17.717)
(272,888)
Totsl expenditure
(342253)
(342.253)
(290,605)
Net in¢om¢
2?.4jS
??.455
16,322
Net movemenl tn funds
22.455
22.455
16,322
Re£oncili8tion of fuDd5
Total funds brought forward
i4,380
i4.380
18,058
Total fimds carried foThvard
20
56.835
56.835
34,380
All of the cljarity's aaiyitios d¢riv¢ from continuing operntions durtng the &t￿ve two periods.
The funds breakdown for 2024 is Showm in note 20.
The note5 on pages 10 10 22 form int¢grnl part of these fll)ancial stsiemenl&
Pa8e 7

Phoenix Gymna5ties Limited
(Regi5trntion numher: 07792910)
Balance Sheet as at 30 September 2025
2025
2024
Note
Fixed &ssets
Tangible assets
14
51,677
60.797
Curreit a&sets
Stocks
Debtor5
Cash at bank and in hand
15
16
17
2,600
8,500
2.5(X)
8.0(K)
4,107
31.512
14,607
Creditors: Amounts falling due within one year
18
{26.354
(41,024)
Net f urrent assetsloiabilities)
5.158
(26.417)
Net #ssets
56.835
34,380
Funds oftbe eharity:
Unrestrieted ittcfrme f￿￿d$
Unrestricted funds
56.835
34,380
Toial funds
20
56.835
34.380
For the financial year cnding 30 September 20?5 the charitv was entitled to exempti(m from audit under S￿lI0n
477 of the Companies Act 21J06 relating to small companies.
Dir¢¢tors' re5ponsibiliiies'.
The members have fEquired the charity to obtain an a￿111 ol its accounts for the )"ear in question in
accordance with section 476: and
Th¢ dKrfctor5 acknowledgc iheir rcsponsibilitics for complving with th¢ requirements of the Act with respect
to accowlting records and ihe preparation of accounts.
These financial 4atemenrs have been prepared in accordance with thc 5￿cIal provisions relating to companies
subject to the small companies regime *ithin Part 15 of the Compani¢s Act 2(Ml6.
The notes on pages 10 10 22 folln an in*gral part of these fu￿1claI 5thtem¢nts.
Page 8

Phoenix Gymnastics Limited
(Registration number: 07792910)
Balance Shtel as at 30 September 2025
The fmancial staternettis on pages 7 to 2? were approved by th¢ and authori5ed for issue on 8 May 2026
and signed on their behalf by=
Mr Jatnes Arthur Howanh
Tru5te¢
Paul Howarth
Trnstee
The notes on pages l O to 22 forni an Inte￿ part of these financial slatements.
Page 9

Phoenix Gvmnastic5 Limiled
Notes to the Finao¢ial St¥Jtements for the Year Ended 30 September 2025
I Charity status
The chariry is lirnit¢d bv guaraniee, incorp)raied in England and Wales. and consequenrly does noi have share
capital. Each of the ￿]￿e£S is Itable to contribute an amount exceeding £1 towards the assets of the charity
in the evenl of liquidation.
Th¢ addtess of its registered office is=
Unit B5-B7 FoTmal ITKlustrial Esthte
Treswithian
Camborne
Comwall
TR140PY
These flljancial statem¢nts w¢re authorised for issue by the rnstees on 8 May 2026.
2 Accountine polieies
of 5igllifir¥nt *¢¢ounting policies •lld key acfounting estimates
The principal accounting ￿li¢jeS applied in the preparation of these financial statements are set out below.
These ￿lItIeS howe l*en consisi¢ntly applied to all the yeaT5 present£d, unle55 Otherwi%e *ated.
Statement of compliance
The financial statemenis have been preparcd in accordance with Accounting and Rcponing by Charities:
Statcment of RecoTnmcnded Practicc (appli￿ble to charities preparing iheir accounts in accordancc with the
Financial Reporting StsndaTd applicabl¢ in ihe IJK and Republic oflreland (FR8 102)) (issucd in October 2019)
- {Chariiies SORP (FRS 1021). the Fitwtcial Rewrting StandaTd applicable in the UK and Republic of JTeland
(FRS 102) and the Companies Act 2006.
Basis of preparation
Pho¢nix Gynmastics l.imiied meeis ihc definiiion of a public bencfii eniity under FRS 102. Assets and liabilities
arc inilially rew￿lSed at historical cosi or transaction value unless othen%ise 5th1ed in the relevant accounting
policy noies.
Going concern
The trn51ees consider that there are no materhal uncertainties aiM)ut the cljarity's ability to continue a going
concern nor any signifi¢ant ar¢Ès of uncertainty that affccr the caTrving value of assets held by the charity.
Ineome and e￿d0￿mellts
All income is recognised once the chariry has eniii1em￿t io the income. it is probable rhai the income will be
received and the amounr of the income receivable can be measured reliably.
Donalions ¢Fnd legoeies
Donations are rttognised when the charity has been noiified in *Tiling of both the amounl and 5eitl¢meDI date.
In ihe event that a dotmiion is subject to condiiioll5 that tequire a le%el of perlom)an¢e by the charity before the
chariry is entitled to the funds. the income is defetred a]d not recognised until eiiher lho￿ conditions are
met, or the fuifdmeDt of those Colldiiions is wholl) wiihin the control of ihe charity and li is probable that these
conditions will be fulfilled ill the reportiti8 peritKI.
Page 10

Phoenix Gymnastics Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Expendilure
All expendiiure is recogni$￿ once there is a legal or constructive obligation to that expenditure: it 15 probabl¢
settlemeni is required a￿d the amount can be measured reliabli". All costs are allocated to the applicable
expendiDJre hedding that aggregale similar costs io thai category_ Where costs cannot be directl}. attributed to
parricular headings thev have been allocated 01] a basis consistent wilh the use of resources. with central staff
costs allocated the basis of lime s￿rtt, and deprwiaiion charges all(thed on the wrtion of the asset's use.
her support Costs arc allocated based on the sprud of staff costs.
Ra&￿ng￿￿nd5
The5¢ pr¢ costs incurred in attracting voluntary incom< the management of investments aThl those incurred in
trndin£ acriviiies that raise fimds.
Ch•rliable ucliwilies
Charitable expenditure comprises th(Trse costs incuEred by the charity in the delivery ofits activities and services
for its beneficiari¢s. It includes both cosls that be ailocared dkrecily to such activities and those ¢osls of an
indir￿t nature necessary. to supwt them.
Supw)rt eosts
Support ¢osts include centtal functiOll5 and have be¢n alloc*ed io artivity Cost cateEories on a basis c(Trnsistenr
with the usc of resources. for example. allocating property costs by floor are4 or per capita. 5Èaff costs by the
time spent and oth¢r cosrs by their usage.
Governance Costs
These include the costs attributable to th¢ charity's compliance with constitutional and $￿ul0ry requireTn¢nts,
including audit. strategic management and trusttts rneeiings and reimbursed expense5.
Taiation
The charity. is considered to pass the tests set out Én Paragraph I Schedule 6 of the Finance Act ?010 and
Iherefore it meets the def]nition of a charithble compall). foi UK cortM)ration tax purposes. Accordingly. the
charity is potentiallj exempt from taxaiton in res￿1 ol- income or capital gains received within caiegories
covered b>. Chapter 3 Part I l of the Corw)rnior] Tax Act 7010 or Secrion 2)6 of the T￿allOn of Cbargeable
Gains Act 1992. 10 the extent that such income or gains are applied exclusively io charitsble putP05es.
T8ngible fixed assets
Individual fixed asset5 Costing £100.00 or tnore are initially recorded at cost.
Depreciation and amorttsution
Depreciation is provided on thngible fL¥ed assets 50 a5 to th¢ cost or valuation. less any estinmted
residual value, over their expecied useful economic life as follows:
As5¢t class
Planr & machinery
Fixmres & fittings
Depreciation rnethod xnd rnte
15:,• redu¢ing balance
1501• reducing balance
s.tock
Stock is valued at the lower of cosi and estimated selling Pri¢¢ less costs to CQTnplete and sell, after due regard
for obsolete and slow moving sts)cks. CO￿ is detemiined llsing the first-in, first4>Ut {FIFO).
Page 11

Phoenix G}'mnaslies Limited
Notes to the Financial Statements for Ihe Year Ended 30 September 2025
Trade debtors
Trade debtors are amounts due from customer5 for m¢￿handIse sold or services perfornied in the ordinary
course of business.
Trade debtors are r¢¢ognised init?aliy ai the Iran5a¢tion price. Tly are subsequentlv measured al amonised cost
using the cffective interest method. less pro*ision for impainnent. A provision for the impaiment of trade
debtors is e51ablished when ther¢ is objectii'e cvidence Ihat the charity w'ill noi be able to collect all amounts due
according io the original iems of the recei￿able5.
C¥4sh And tash tquivalent5
Cash and cash equivalenis comprise cash on hand and call de￿1(5, and oiher 5hort-terrn highly liquid
investments that are readilv convertible to a atnount of cash and are subject to an insignificant risk of
change in YaIue.
Trade eredilors
Trade creditors are obligations io pay for g[￿S or servico that hav¢ be¢n acquired in the ordinary course of
business from suppliers. Account5 pavabl¢ are classificd as Current liabilities if the charity does not hal'e an
unconditional right, at the end of the reporting period. to defer seulement of the creditor for at least N'elve
monihs after the reporting da￿. If there is at] uncondition81 riohi to defer sertl¢ment for at lea￿ Nelve months
after the reporting date, they are pr¢sent¢d as non-curreni liabilities.
Tradc creditor5 are recognised initiall). at the transaction price and subscquentty measured at arnortised cost
using the effective interest method.
Borrowings
Interes1-bearin8 borrowing5 are initiall￿ recorded at fair i'alue. nei of transaciion costs. Interest-bearing
borrowings are subsequently carricd at amortised cost, wilh the difference between (he procecds, net ot
transacti(Fn c051s, and the amowit due on redemption being rttognised as a charge to ihe Statement ol Financial
Activities over the peri￿1 of the relevant borrowin
Interest cxpense is recogni5ed on the basis of the effeaive interest method and is included in interest payable
alld similar charges.
Borrowings are classified as current liabilities unless the charity has an uncondilional right to defer settlement of
the liability for at least ts4.elve monihs after the rewrting d&e.
P￿t 12

Phoenii Gymnastics Lijniled
Notes to Ihc Financial Statements for the Year Ended 30 September 2025
Foreign exchange
Transactions in foreign currencies ar¢ recorded at the rate of exchange at the date of the transaciion. Monetary
a8kts and liabilities denomitkted in foreign cutTellcies ￿ the balaJ]ce shett date are reported at the rdt¢s of
exehan8e prevailing ￿ that date.
The results of overseas operdtions are iranSl￿ed ai th¢ average raies of exch3ng¢ during thc period and their
balallce sheets ai the rates ruling at the balance sheet date_ Exchanoe differenccs arising on translation of the
opening net assers and rtsulis of overseas operaiiotjs are reponed in other cornprehensivc income and
accumulated in equiry (attributed to non-controlling interests as apwopriate).
Other exchartge differences are recognised in the Statemeni of Financial Activities in the period in which they
arise exc¢pt for..
l) exchange ditTerencc5 on tra￿Sa￿lonS eniered illto to hedge certain for¢igt currencv risks (see alx)ve}'
2) ¢xchange differenc¢s arising on gains or losses on Don-monetary itcms which are reco￿liSed in other
omprehensive illcome. and
3) in the ra5¢ of the Consolid￿ed fu￿1¢]dI statemenrs. exchange diffcrences on monew items rettivable from
or pa>'able to a for¢ign operation for which s¢ttlemeni is neither planned nor likely to occur lthcrefgre forming
part of the net investment in the forei￿ 0￿ration).- which are rccogvised in other comprehensive income and
reFrt)rted under equity.
Fund $trueture
Unrestricted income lunds are genernl fvnds th￿ are available for use at the ttusiees discretion in fiwtherdnce of
the objectives of the chariiy.
Pensions and other retirement obligatfOll5
The charity opernies a dtfthed contriblliion pension scheme wthich is a pension plan und¢r ￿thIch fixed
contributioDs are paid into a fvnd and the clwitv h&s no legal or constnjctive obligation io pa}, further
contribution5 even if the fund does noi hold sutTicieni assets ¢0 pa), all employees the b¢nefits relating to
employee service in the current and prior p¢ri(MJs.
Contributions to defmed contribuiion plans are recognised in the Statement of Financi￿ Activitie% whcn they are
due. If contribution pa)Inents exceed the contriErfrtion due for servi¢¢. the excess is reco￿lSed &s a prep8ym¢nt.
Financial instruments
cl45sificalion
Tr'inancial assets and fmancial liabiliti¢s are recognised when the charity becomes a party (o the contractual
provisions of the it￿r￿Ment.
Financial liabilities and equit). IlJSlnJments are classified according to the substance of ihe contracttjal
atTangemen¢s entered into. An equitN' in5trumeni is aD) contraci iha¢ evidences a residudl interesl in the assets of
the charity afterdeducting ail of its liabilities.
Page 13

Phoenix Gymnastics Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Recognidon and Mtafuren￿Th1
All financial assets and liabilities are initialty meL%L￿ed ai transaction price (including transaclion costs), except
for those fmanciai assets classified as at fair value through profit oi loss, which ar¢ iniiially measured at fakr
value {which is nomiallv the rransaLtion price ei£luding transaotion costs). unless the arrdT)gernent ¢onstiMles a
financing transaciion. If an drrangemeni consiituies a fitoncing transactio￿ the financial asset or fmath¢ial
liability is measured ￿ the preseni value of the fi￿￿re payments diseount¢d at a market rate of in*r¢st for a
similar debt instrument.
FinaThciaI assets and liabilities are onty o(fset in the 5tateTnent of financial position when, and onlv when iher¢
exists a lesall) enforceable right to set off the re￿gniSed amount5 and the Charl￿ iniends either to settle on a
nei basi& or to realise the assei and settle the liability simuhaneou51y.
Financial ￿ets are derrfognised when and only when al the Contractual rights to the cash t]ows froJn th¢
fmancial ass¢t expire or are settled. b) the chariry transfers to another party, substhntla1l￿ all of the risks and
re￿ardS of ownetship of the finhncial a$5¢L or o) th¢ Charl￿.. despite having retained som¢. but nol all.
significant risks and rewards of ownership. has transferred conm)l of the asset lo another party.
Financial liabilities are derecognised only when the obligwion specified in the contrnct is dischprged cancelled
or expires.
Page 14

Phoenix G)'mna5tic5 Limited
Note5 to th¢ Financial Statemenls for the Year Ended 30 Seplember 2025
Deb/ln5trymeryts
Debt instrwnents wbi¢h meei the following conditions are subsequently rnvasured at amonised cost using the
effKtive interest method..
(a) Th¢ contrwtual r¢turn to the holder is (i) a fixed amounL (li) a EX￿1(1¥e fL¥ed rate or a pisitive variable rdte:
or (iii) a combination ola posiiive or a negaiive fixed r* and a positive variable rate.
{b} The contraa ma>. provide for repa￿nentS of the principal or th¢ return io the holder (but TJOt b(Trth) to b¢
linked io a single relevani observable index of general pric¢ inflation of the ¢urr¢ncy in which the debt
instjument is denominaie(i provided such links are not leveraged.
{c) The contract may provide for a deterrninabl¢ variation of the retym to the holder during the life of the
instJumenL pro%'ided that (i) th¢ new r&t¢ 5a115fies condition {a} and the vatiaiion is not contingent on ￿tUre
events other than (l) a change of a contractual variable rate. {21 to proiect the holder against credit deterioration
of the issuer: (3) clwiges in lewies applied b). a ctntrdl bank or arising from changes in relevanz L￿allOn or law-
or (li) the new rate is a market Tate of interest and 5ati5fies condiiion (a).
(d) There is no contractual provision thAt coul¢ by its tern]s. resu]t in the hol(kr losing th¢ PTir)¢ipal amount or
any intrresi attributable to the ¢urr¢nt ￿ri￿1 or prior peri(MJs.
(e) Contra¢tual provisions that r*nnii the issuer to prepa), a debt insirument or pemiit the holder io put it back to
the issuer before maiurity are colltingent on future ei'enis. other than io PrOt￿t th¢ holder against the credit
deterioration of the issuer or a clwige in control olthe issuer. or to proieo the hold¢r or issuer against ¢hanbFes
in levies applied by a central l)8nk or arising from chat)g¢s in relevani taxation or law.
(0 Contra¢tual provisions rnay perniii th¢ exlension ofthe tenn of ihe debt ÈrtstnunenL provided ihat the reiurn
io the holder and an) other contracwal proYision5 applicable durin£ the extended terni satisfy the condiiions of
pardgraphs (a) lo {c).
D¢bt instruments that are classified as payable or receivable within one ￿ear on initial recognition and which
meet the above condiiions are mtrdsured at the undiscounied amouni ofthe cash or oiher consideration expected
to be paid or received. nei of tmpairniellt.
With the exception of some hedging instru￿￿ other debt insinllnents not meeting these conditions are
M￿ured at fair value through profil or loss.
Conllnillnents to make and receive loans which med the conditions mentkoned above are m￿￿ed ai cost
(which may be nil) less impairmem.
Inveslments
Investments in non-convertible pieferenct shares and non-puttable ordinar). or preference shares (where shares
are publicly traded or their (air ￿'alue is reliabl). measurable) are M&￿ured at fair value through profil or loss.
Where fair value cannot be measured reliably, inve5tsnents are ￿e&SUred at cost less impairment.
Investtnents in subsidiaries and associaies are n￿asured at c￿1 less impairnleni. For invesmients in subsidiaries
acquired for considerdtion including the issue of shares qualifying for merger relief. cost is measured by
reference io the nominal value of the shares isyjed plus fair value of other consideraiion. Any prcmium is
i￿ored.
Page 15

Phoenix Gvmna5ti¢5 Limitcd
Notes to the Financial Statements for the Year EDd¢d 30 Sepiember 2025
DerlvadveJln￿A¢Ial Instruments
Th¢ charity uses derivalive f￿an(la1 instnllneTht5 to reduce exposure to loreign exchange risk and tnt¢re5t rat¢
movements. The ¢lwity does noi hold or issue derivaliv¢ fu]ancial in51ruments for sp¢culative purposes.
Derivatives are iThitially r¢cognised at fair value at the date a derivativ¢ contract js entered into 3nd are
Subsequently remeasured to theit fair value at each reporting date. The resulting gain or 105S 15 recognised in
5talement of financial artiviÈies immedialel). unle55 the derivative is desi£nat¢d and effrftive as a hedging
instrumen( in which event ihe tirning of th¢ recognitioD in s¢atem¢nl of financial xlivities depends on the
t]ature of the hedge relationship.
F(4ir mertsuremeni
The best evidence of faiT value is a quoi¢d price foi an idcniical as￿1 in an actiwc market. Whcn quoted prices
are unavailable. the PTite of a recent Iransaciion foT an idcntical ass￿ providcs e￿idenCe of fair value as long as
there has not been a significant change in Lyonomic circumstsnces or a signifi&qnt lapse of rime since (he
transaction look place. If the marker is noi a¢tivc and receni trdnsaaions of an idcniical asset on their are
not a good estimate of fair value, the fair value is ellimaied bs" using a valuation iechnique.
3 Income from donations aknd legaeie5
Unrestrietwj
funds
General
Total
funds
th)nations aod legacies-
Donations from individuals
2,463
2.463
Total for 2025
2.463
Tot#] for 2024
3.082
3,082
4 Income from eharit¥4ble activities
UTrrestrieted
lunds
Gener81
TDtg41
fundg
334.8S5
3i4,855
Total for 2025
j34.85S
334,855
Total for 21n4
277,821
277.8?1
Page 16

Phoenix GTrmDa5tic5 Limited
Trlotes to the Financial Statements for tb¢ Year Ended 30 Seplember 2025
5 Income from other Inding aeifvities
Unr¢stricted
lunds
General
Total
rulld5
Trdding income.
Sales of goods and services
27,)
27,390
Totsl for 2025
27.3q)
27.390
Total for 2024
26.024
26.074
6 Expenditure on raising funds
} Costs oftTading activilies
Unrestrict
funds
General
Total
funds
Costs of goLKls sold
?6.311
26.311
Totsl for 2025
26,311
Totsl for 2024
17,717
17,717
b) Investment management costs
UDrestricted
funds
Genernl
Total
funds
Note
AlkKared suppon costs
1?,5(K)
12.500
Totsl for 2025
12.5(M)
12.500
7 ExpeJditure on eharit*ble #rtivities
Page 17

Phoenix Gymnastics Limited
Notes to the Finaneial StatemeDts for the Year Ended 30 September 2025
Unrtstrietsd
funds
General
Total
funds
Note
StatT¢051s
Allocated support Costs
Governance ¢o5ts
161.496
161,496
4,628
137,318
137.318
Total for 2025
303.442
303,442
Total for 2024
272,888
?7? 888
In addition to the expcnditure 8nalv5¢d aboN¢, there are also gO￿¢ManCe costs of £137,31812024 - £135,469)
which relate directly to ¢harttable activities. See nole 8 for funhcr dcthil&
8 Analysis of eovern&nee and Support eosts
Governanee Costs
Ullrestrieted
funds
General
Totsl
funds
Ind¢p¢ndent examiner fees
Other fees paid to examiners
Marketing and publicit).
Depreciation, amortisaiion and other similar costs
Other governance co￿$
1.5(KJ
399
9.120
126.299
1,5(N)
399
9.120
126,299
Total for 2025
137.318
137.318
Total for 2024
135,469
135.469
9 Net ineomingloutgoing resources
Net incoming resources for the year include:
2024
Depreciation of r￿ed asseis
9,120
10,729
10 Trustees remuneration and eipense5
I I Staff costs
"rhe aggregate paJToII costs were as follows:
Page 18

Phoenix Gvmnasti¢$ Limited
Notes to tbe Financial Ststements for the Year Ended 30 September 2025
2025
2024
Staff eosts during the year were:
Wage5 alld salaries
Social securiry costs
Pension cosis
151,988
2,091
7.417
118.957
1,381
1.934
161,496
122.272
The monthly average number of perso[]5 (including senior management I leadeTrhip team) employed by the
charity during the vear exprc5sed as full iitne equivalents was as follows..
2025
No
2024
No
13
13
No eJTrploy¢e received emoluments of more than £60,CKJO during the year.
12 Illdependent examiner's remuntr*ti&n
2025
2024
Other fees to examiners
Exatnination-related assurnn¢e services
1,5
Page 19

Phoenix Gymnasties Limited
Notes to the Finaneial Statements for the Year Ended 30 September 2025
13 Taxatio
'rhe charity is a registered charity a[￿ is therefore exemrn from (axation.
14 Tangible fjxed a55et5
Furniture
equipment
Total
Cost
At l O¢tober 9024
117,679
117,679
At 30 S¢pt¢mber 2¢Y25
117.679
117,679
Depreeiation
At l October 20?4
Charge for th¢ year
56,8
9.120
56,882
9.1?0
At 30 Septemb¢T 2025
66.002
66,002
Nel book value
At 30 Septemb¢r 20?5
51.677
51,677
At 30 September ?024
60,797
60,797
15 Stoek
2025
2024
Stock5
2,5(X)
16 Debtorg
2025
2024
Other debtors
8.500
8,0
17 Cash and cash equivalents
2025
2024
Cash on hand
C￿h at bank
7,116
1,701
2,406
20,412
4,107
Page 20

Phoenix Gymnastics Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
18 Creditors: falling due within one yur
2025
2024
Trade creditors
Other taxation and S￿la1 5¢curiry
her crediiors
Accruals
8.983
1.255
676
15.440
9.724
552
29,308
1,440
26.3)4
41.024
19 Pension and othtr schem¢5
Defithed eontribution peDsioD seheme
The chariry OP¢Tates a defined COTrtribution pension %herne. The pensioD WSt for the year represent5
eontributions pavabl¢ by the charitv io the scheme and amow)t¢d 10 £7:417 (2024- £1.934).
20 FuDd$
BalaDC¢ at 30
September
2025
Balance ai I
October 2024
Incoming
resourtts
Res0￿ree5
expended
Unrestricted fuDds
General
34.380
364,708
(i42 ?53}
56,835
Balance at 30
September
2024
Balanc¢ at I
Oeiober 2023
Inwming
Resour£¢s
expended
Unrestri¢ted fu￿dS
Genernl
18.058
306,927
(290.605)
34.380
21 Analys￿ ofth¢t assets bdween funds
UNrestrieted
rund5
Genernl
Total lunds at
30 September
2025
Tangible fixed ￿ets
Current assets
Current liabilities
51,677
31,512
(26.3541
51,677
31,512
(26.354)
Total nei assets
56,835
56,835
Pag¢?1

Phoenix Gymnasties Limited
Notes to the Financial Statements for the Year Ended 30 September 2025
Unrestricted
funds
GenerJl
Total fuDd5 8t
30 Sept¢rnb¢r
2024
Tangible fixed weL8
Current asseis
Current liabiLities
60,797
14,607
{41,024)
60,797
14.607
{41.024)
Total net &5sets
34.380
34.380
22 Analysis ofnet fullds
At30
September
2025
At l October
2024
FinancRng e*sh
flows
Cash at bank and in hand
4.107
16,305
?0.412
Net debt
4.107
16.305
20.412
At30
September
2024
At l Oc¢tsber
2023
Financing ca$b
IIow5
Cath at bank aJJd Én ha￿d
16,584
(12,477)
4.107
Net debt
16.)84
112,47T)
4,107
Page 22