Clmrfty number: 1154320 COLCHESTER SCHOOL OF GYMNASTICS uNAuD￿ED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2tr25 Page Reference and admlnlstrnlfve detalls ol tho Ch•rlty. 11$ Trutst￿ wrfl advlsorg Truste￿. report IndepeTh￿t gx•mlnorf$ report stst•morrt ot finandal aellvlll88 2-11 12-13 14 Balance sheet 15-18 Slalement of cash fiows 17 Noles to th• fin￿￿1￿1 statèm•nts 18-37 REFERENCE ANO ADMINisfRATIVE DETAILS OF ThE CHARtTY. rrs TRUSTEES AND AOVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Tru&ee8 Adam Harriw. Chwr Lesley Athrts, Treasurer (re$￿[*d 20 May 21Y2S1 Sam CowTrJ Shdloy ChandK¥-Syrnes Lisa Fl"8ggtb Annaliza Murphy Nicholas Mussett Gemma Smkh Jade Oaks IresYJn*120 May 20251 Holty Blad(well. Treasurgr lappoint&J 20 Moy 20251 Ch•rity reglster•d numbgr 11S1320 p￿ncIPal offlL Brinkby Grove Ro&J Cothstsr Essex C04 SDS A￿Ountants Griffin Chapman Chartered knuntants 4 & 5 The Cedars Apex 12 Cokhe51er Essex C07 7QR Bankers CAF 8ank 25 KJ'rKJs Hill A￿r￿* West MalliThJ Kent ME19 4IQ Sdlcltors Bwkett LorwJ 1 Amphora Pl Cokhest8r Essex C03 3WG Pago 1 COLCHESTEB SCHOOL OF GYMNASTICS TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 21Y25 The Trust80s pr8s8nt their rewt tcwI￿ ￿lIh ts finarriaj statements ol the Charity lor Ihè 1 January 2025 10 31 Dacernber 2025. Obloetlves and a¢tivitie* Polkles and ob The ci)je¢tN¥S ol the CIO are: 111 To atharKe Ihe ed￿￿tiOn ofthè wblc. in partKulaT yDUTrJ p*8. w) Ihe sut4ect ol gyTnr￿stics and phy6*al education. 121 The promotion of community parbfypation In healthy reueatKJn for the bgnalit ol the inhabitants ol Colchester (Essexl and $urrounthNJ areas by the py0vis￿n of facilib95 fw p&tapation in gyTrnastics. 13} To act as a resouryx lor young people Imng in Colchester (Essex) aNJ surrounding areas, by wovkling adwce and assistaft￿ and organisir4J programs of a¢bvibès as a m8ams of advancing in lrfo, dtrvek)plng sklll, capaw a￿1 capaiilty. In sthng obi￿t￿e5 and rlanniry lor aebwbes, the Trustees have grven (thje consvjeration to generd guidan¢e published by the Chartw CommlssM)n relatiThJ to tenefft, the gu¥lan￿ 'PLI)k benefit.. runnirvj a charity IPB21'. b. Stratsgles for achleving Colchester School of GyThI￿stiCS focuses on walty, ithpffj ￿a¢￿Ing, Irom teginners to dite levels, for preschry)I through to aduh age. DNerse and i￿￿18￿8 rKogiammtrvJ. Olfemg dasses lor ￿0￿$ agos atMI thltbes, incbjding preschool, recreational. dèveknpmenL competiiNe squads arKI speciabsed Sess￿ lor peoF4e with disaty1￿￿. AJI at making ￿nasticS a￿esSi1￿e lor all. Qualified coaching staff. The empknys Bribsh GyTnnast￿s qU￿￿1£d coaches to the apprcpriate level lor the s￿11$ t¢ing taught. vrith senior coaches wper¥ising and sur4)orting junior and tr￿r￿Pe coa¢h&8 Specialisod facilities. OperatiThJ dedrAted gyms ¢x)mprehensve ￿uIpMen1 for womon's and men's artistic, turnbling, aTKI trampdiniThJ gymnastics Structured pr￿TessIon. The dub 0￿rateS award schemes. arKI progr&s%ve lesson Flans to hdp gymnasts gain conlwjence, diSCi￿lrE and devdcp sknlls. wSth talor&J ￿niThj schedules that ¢an be adjuslwl bas￿ on abilty and commitrnent. CompelitNe Opportunit￿5. Farilitatès pattrways tcrf taknted and gymnastKs lo reach County, Regional and National leve￿. Community and Partnershp. Maintaining a strcry arwj I￿￿Onal affilalKJn with Brthsh Gymnastks aThJ promoting active lifes￿ in the communrty. Page 2 COLCHESTEA SCHOOL OF GYMMASTICS TRUSTEES. REPORT (copmNUED) FOR THE YEAR ENDED 31 DECEMBER 2tr25 Obiectlves and acttvltles {¢ontlnued) c. Aetlvlttes Und9rtak￿ to achkn objectfves Cokhestèr School ol Gymnastics offers ￿Mp￿en$￿e wnasti¢s, tramkY)line, and I￿aSty￿ Sessions lor all ages and abIl￿e$, rarvJing from baby gym lo adult classgs. wmed at deve1Cf4￿ skill. confidence. arKJ phyEkal gr0￿h. The School provKles subs¢rfpfjon basgj Str￿tured cksses, PAY.As.Y¢)u.Go S8SSKJns, *Drkshc4)$ and One to One coaching sessK)ns. Th8 schrd is darf￿1ed to Fxomding aoxs lo ￿nastts for all th8 cc¥nmunity, by offoring many affordabl& o)st opti￿$ for parbci)ation in actwitsas. Sclb)ol cwatss reOJc&J membership sthemes., A discount scheme, lor Ihoso parlthro in MUlb￿e dxiFA1w￿ or %thsre sbfiThJs att$rvJ thg School logethar. Hwdship scherne, to kYovKle as$th￿ to tFKJse ex￿[1￿￿1￿3 rfrff¥)JMy. Both providing finan¢E￿ suFwt to enwre there baniw5 to parbrypation lor any membor of the Ix)mrnunty. The &hool is fully d9dicabJ to SUPFK)rtiThJ risiry tdent thrwJh a striuur￿I , muth-la¢eted appro¥h that combiws t8ChnIc￿ coachiry. devewient ￿anS and hcI45tic supp)rt Training, b&lween Iwo and 20 hours per week. is led by our experienced-senior. o)ach8s. wlKJrn PfOVKI8" our.most talented gymna5ts-vAih- -" rsonally talored and Iloxfole schedules to enable ltr￿ to 5urLesslully compele at County. RegKJnal amd National ￿¥￿1 C0rnFetrbCw￿. In addthn to d*licaled seThof ujathes, tho sd)(%￿ also WOVKles ffinat￿ SLWQrt its glrte squads by way ol signfficantty reduced coachry ratès. irNestirwJ in S￿laI¢s1 ￿u￿ent aTrJ prov#ling cwhing SUPFX)rt to ompetitNe avents, indud1￿ their travel accommc¢Jation costs. Thè sej￿￿$ Homa Ed sessions s¥ovid8 struciur&l. day tima. nm c￿￿potit￿e dasses gyThnastic ancl trampolining. These da￿8 are desKJn*l $pecrficaJ￿ for home gJiLated chiklr&n and follow thè sarne engaging l(>rrnat as thg ra¢reabon cksses. In 2025. due to an incr&ase in dem4rKI, the numbor ol ￿aCeS awlabla was In¢￿aSed by the a(klttw of a new week dass. The sch¢￿1 WOVMJes personally tWh)r￿ one to one sassKJts w*ith dwJ¢ated c￿1￿1$$ for chikjran wilh Spaual Educaiion Naeds and Disthlrfes. These sasstons fcw on bJihSTrJ 0)nftle￿o, motor skins supwrts soclal dèvekjprnent in a Postye and adaptab18 environment. Weekty gro￿ $essons are thn>wh the Colchester ExeTci8e and SuFP)rt Group (Stroke Ass￿all)n) vth088 focus Is on soci￿. SPM arkl exerase t•lor￿ for stroktr recAJvery. d. Volunleerg Thg Schwl coubj n¢X ¢oMinue to opwate WItt￿l the o)ntinu¢d hard WO￿ of rts stalf In ensuring the ongoing expansion of the Schod is Suc￿sSfUl. together wih 1he Contri￿l￿On rnade by a regular group of invaluable volunteers Ur￿rtake a vride vaiiety of tasks, espeCi￿ty during the {￿peth0n seasons. Thg Trustees would lfj(e to exteThl thwr heartf61t thaF*s to all Ilm￿ wh) ￿ve given their tirne and effort g) gene￿U$lY, their help very rn￿h aForecrataJ. Page 3 CoL￿ESTER SCHOOL OF GYMNASTICS TRUSTEES. REPORT (COPMNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achlevement8 and perfOnn￿Ce *. M￿n 8¢hlov8rnonts of Ch¥tty ColL*oStèr School ol GyTrn&$t￿ has majo %￿Ificant inveBbnenlS y8ar. rOaang arKI upJrading a range ol assantial gymnastic equpm&nL Our largest projact was the £45,(th rglurtxshm8nt ol Ihe l*gh4ensity loam wlich indud>Y in¢raasing its depth Inst￿ling cornpletety n8w w￿1 padding. base pa(kling, and foam Icos. This uwJradg 8nsur89 a safer and more effectN8 trwnino ènvIronm￿l lor ￿1 our gyTnn8Sts. Our Cenira Manager and Head of GirL£. Andrea Cook, sucwsfully passad retained her International Brevel judoing staius. This preSt￿louS qudffication. awarded by lh& FédéTabon Intemationth de Gwnnastique, recognises jwkJes op8ratirMJ at the h*Jhest intemation￿ slaThJard. We are iniyadiLly proud ol ATrYrea's ad)iavement aTrJ the e¥perbSO Ixings to our ￿b. The schcx)I continues lo Invest in devdryNrvJ thè next getwation of coaching t41wrt, ensumg our PTI)Jramme8 remain strong and weil-SUFVOrted. This year, of our ojathes - Emma Southby arky Ella Copplng su¢cesslully COrn￿ete￿ thèir Levd 2 British Gyrnna5tKS qualfftations in GyThn3st￿S and Trarnpolining respectNety. Their achlevement rellects ovtstanrfing c))mmitment to their professional grovrth, arky ihoif dedication ￿&yE & V￿￿ab￿ role in thtr ¢on11ThJ￿ h*Jh wality delNery of gymnastics &ross the dub. Our MAG squad has enjoyad an exCept￿nal year. with t*YJ gymnasts achbeving IK￿lIuM liThshes acros5 Ihg Welsh, English and Btitish ChampM)n$hips. Th￿1 performances ea￿1 them selectKJn lor both thg English Welsh Internationals, refbctiw their consistery and com￿t￿Ve strength. The WKlèr MAG tearn also impressed, with several gymnasts securing rned￿ posibons at Region￿ and Nation￿ COM￿l￿ons. Our WAG squad continued Ihis success vrith strong performarKX at the EThJlish Charnponships, dernonstrating real progress aTrY confKJence on the nabonal stage. Their resutis to selectyons lor the British Charntyonships, marf)nlIn￿ to proMde adthtirmal financlai support for our gymnastK ￿￿¥s￿e$ EXper￿llure Tot￿ outgoing resources lor Ihe year wwe £892,570 {2024.. £830.511}, an iTryea$8 of 7% on the pnoryear. Payroll costs contrnue to rise year on year. gross wages irKxoasing by 9% comp8r8d vith the prewous yè and national Insuran￿ contributions risirvJ ty 33%. Energy contracts renewpd in F8bnJary 2025 tor a hvo sear PWK)d have re￿It&￿ in an a&Jitiond 20% cost comparèd with the prM)r year Schcx)I has experEnced a swJnificant iruew in memtershi) diSo￿ntS, rèflecling both th8 current economi¢ ¢llmate and wr commitment to fuMillDYJ the School's Chantab￿ obiecths lothgr cosls associat8d with the operalb)n ol the SCI￿1 ha￿ also rwn sKJnrfM•. and we continuo to Page 6 COLCHESTER SCHOOL OF GYMNASTICS TRUSTEES, REPORT ICOIfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 ar￿ rnonitor these througtKxrt 2026. Bda￿8 sh The r)8t assets of the chjb reman in a sm F#)sitNe F￿￿1t￿l and ¢xn te ugrfrted to the careful contrd ol costs and tho full capaoty of dasses. Debtors aro Minim￿ due to fv inplementation ol gym sollware lor198s arnj gJbs*tions. The TnJslg8s have iewowed the level of lunds l*ld by the Clwty at 31 Dec8miw 2025, and a decisKJn was made to deS￿nate £35,000 ol unrestrictad fv￿ts. Deta1￿1 d&s¢riptions of the nabJr8 ol these d&s￿nationS ara Includgd in note 18 ofts acxounts. b. Golng ¢oncorn After making aFvcWa ènwiries, the Trthsiees have a re&sonth exp8¢tstion that thg Charty has #d￿￿al0 resour￿5 to contSnue in c9eration￿ existence lor tha fOresee￿e fU￿re. For this reason, they continue to adopt the going cor￿rn basis in weparirvj tho financial statements. Furiher Iletwls regardirvJ the adjption ol the oolno Concern basis be IWNI in the accountsng [d￿les. ¢. R•8erve8 pollcy Frge reserves are ¢¢￿Idera1 wlth referen￿ to Ana￿￿ of Net Assets in Note 20 are caknJl8ted by deducting the fixed a&sets from the unrestr￿ed fuTrJ. The primary asset of the Charity is ihe buikling that occupy to provide our charitable ￿ms. This. ak)ng vdlh ￿1 other fixgj assets, means that £947,341 of Charty funds can only bo realised by thskx)siThJ ol tangltle fix&Y assets. For short and medlum term ffinanc4al management. ts Tntstees remwn focused on m￿ni￿ning a strono working cap￿￿ positmjn. This aFproach digns wih thwr of holding suffic*ent freè reserves to Cover three rnonths of ongoiw unrestricted exFxnditure. ensuri￿ the School can ￿￿thStand any maieriaf decline in Inwming resources. This reserves ￿1¢Y of three morhths ol unrestwed expenditure is estIMat￿ to be in the region of £220,000. Freo r88erves, exduding fix&J assets and d￿gnated fu￿15 as at tho erKI of De¢gmter 2025 ￿re £375.2&3. Thè Trust￿ rwnise that Current reseNe lèvds ex￿￿1 the stated [K$￿¢y. Discusslons are well underway. as part of loryer t8mi strategic plannir¥J, lo desMJnat8 furNYs lor future C￿tal wojects, equipm$nt replacament and inv8stsnent in its p￿pIe. This planning ￿s0 Co￿ld$[S the nged lo fubjrg proof the organisatK)n, as expgcted cost incraases are likèly lo place sunfficant ￿￿Ure on rsserve ￿s. The Trustèos will continue to review and discuss thes& matters througlK)uI 2026 10 8nsurg that frJThJ$ rwn8in av•EaL*8 for futUf$ projects and gssenti èxpenditure. d. M8terial Inv8Stmwts polky All material investmgnts made by th8 chjb are sth)i¢ct to by the Committee aTrJ must onty b8 rnad8 in accordan¢g with the Schod's objectives. Page 7 COLCHESTER SCHOOL OF GYMNASTICS TRUSTEEY REPORT Icop¥llNUEDI FOR THE YEAR ENDED 31 DECEMBER 21Y25 Prfnclpal rlsks and uncertalntle¥ The key risk ¢uThenty laciTrJ the Charity is Ihe limtialion on generatirvJ athlitiond income due to dasses operating at lull capaoty, COmi￿n￿j with a sigr¥fwx ris8 in overal costs. Particular corterns in relat%)n lo wages. employer taxation. and energy. Thgsa pressures are compounded by Whder Infiatsonary increase5 a¢ross all areas of e￿ndit￿re. ReguLAr. careful monitoring and reV￿W ol the Charitvs financial PDStbon vAlI te essential ￿ mSnlmi8ing r¢ The Sch(K)I must Contin￿ to manaoe costs carefulty in order to sustain its chatitabl8 obj￿1￿&$, ènsurirrfJ thg prowsk)n ol g￿nnast￿￿ and physKd edu￿￿{￿1 rgmwns affordatyg and atteSsIb￿ to Ihe communty r( serves. f. Fln8n¢lal Tlsk m•wom•nt Ob￿ly&S and pollcl•s The School's policy Tequir9s thal thre8 monlts ol •￿ThJ￿re ￿ r81aiwd in the bank a¢¢ount at ￿1 time5 in Ihe 8vent of unexpectad drop in income. Outgoing payments by the Schc {60,306J Net ass•ls 8x¢ludlng pngk*n asset 1.360,794 1.283.737 Tolal net as¥•ts 1.360,794 1.283,737 Charfty fund$ Restric￿ funds.. Restri¢ted funds Restricted fixed assot funds 18 18 1170 41￿18 2,605 48.359 TO￿ r@strit￿ lu unreStr￿ted luMI$ 18 18 47.188 1.313.606 50.964 1.232.773 Totaf fvnds 1.380,794 1,283,737 Page 15 COLCHESTER SCHOOL OF GymNA￿Cs BALANCE SHE￿ {CONllNUED) AS AT 31 DECEMBER 2025 The statements were ap[￿¥￿j aThJ authoriwl lor ￿su9 by th9 Trustees on and S￿Jned on ther bghall by.. Adam Harflngton Chair Tho Mtes on page5 18 to 37 fomi part of these firtandd slatements. Pago 16 COLCHESTER SCHOOL OF GYUMAsncs STATEMElff OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Cash Ilow$ Irom oprillng •¢llvities Net ea$h us*Y in operattng a¢0 124.S95 C4$h Ilows from ￿n￿811ng acllvttles DNKlervJs. interests and rgnts from invesb7)wirs Proceeds from tha salg of fixal assets Purchase of tangibb fix&J assets 7,414 4,764 (718) {43.￿1} (59,flM} Nèt cash usod In investing acllvltl¢s 152,1901 (39,015) Cash Ilow$ Inxn finaneh¥ a￿￿u0$ Repayments of borrowing Intar8St paKI {16,148) IS.T24) (74.329) 17.694) Net used In flnanelng •¢tlT411ies (21m) {21023) Chanp In cash WKI ¢ash equlvalgnts Sn the y￿r Cash aTrJ cash 8quNalents at the Winniny ol the 33Jn 573,913 540,542 Cash and cash at the end of th• yvar 62U46 573,913 The notes on pagos 18 to 37 form p3rt01 sl*emwts Page17 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 oral Informallon The Charitats4e IrKorF*yated Organk%alv)n {CK)11154320 was regi51¥r&l on 23rd October 2013, to takg forward Ihe work of tho UnlThxrpw￿ed As%Myth Nmber 1￿2911. Assets. liabllrtles and funds were transforred. The members of the CIO arets Trustees namgj on pag8 1. The presentation cwrrenGy of the sl*ements is the GBP Pouml Stwthng 1£). ountlng poll¢lo• £1 Basls ol preparniion of ¥tatwnwts The f￿ar￿1￿ statements have been prepargd in wilh th8 Clk¥ibO8 SORP IFRS 1021- Accountiro and Reporbng by Charitiès: Statemenl of Recommermled Pra￿e applicab￿ to charities prepanro their accounts in acCOrdar￿ the Finan{i￿ Reporhng Standard ap[l￿ble in tho UK and Rewblic ol Ireland IFRS 1021 l&ffèeltv& 1 January 20191, the FInrt1￿ RepoitrKJ Standard applicable in ￿ UK and Repubk ot IrelaTrJ IFRS 1021 aThJ the Char￿8$ Act 2011. The finartI￿ statements have been Fxapared to give a Irue and fwrf view and have departed from tho Charfties (Accounts arKI Rawlati￿￿ 2￿8 onty to the extant raquired to provKle a Irue and larf ThF departure has invow Charities SORP IFRS 1021 published In October 2019 ralher than 1he AccountiTha aThJ Reporting by Char￿eS. Stalgment of Reeommend& Pra¢b¢8 8ff•ctive from 1 Ayl 2005 which has ￿nce teen wrytFKlrawm. Cdcheslgr S¢hod ol GyThna$t￿ meets thè defin￿0Th of a pulJK benefit enthty under FRS 102. Assèts and liabilitie5 are insba1￿ reccgni%ed at listoric￿ cost or transath value unless otherwisg slated In the relevant ac(x)untirKJ p￿ry. 12 Golng conwn The Tru*ees assoss *th&ther the use of g(xng v)n¢sm is approwote i.e. whether th8rg at)y materil uneertainties relat￿1 to gvgrts or coTrJthns that may cast swJnrftant th)tkn on tho a￿lty ol tho ¢harity to continue &$ a going ¢ortcem. Th8 Trust88s make this assessment ift rvs￿ ol a period of at ￿ast ¢)rye ypar from the date of authollsation lor issue of the linanLxal statements and have concludwl that the ch2rity has aclgquat8 resources to continue in Op81th"on￿ existence lor the for9s99th8 luturo and th8re are no materi uncertainbes alM)Ut the chariiys thlty to t7)ntir￿& as a g￿ng cortem, thus they continu8 to adopt the goirYJ ¢0￿M basis ol accountuig in K*wing tho financid slatement& PaJ0 18 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 counllng poll¢los Icontlnu8d) 13 Incorno All in¢fmirvJ re50urcgs are in the Ststement of FTh)artl￿ ISOFAI when tha tharity is legally entrtI￿ to the Ir￿M￿ after any perfomian¢g coTrJitions hav8 Ix8n met. amount can bg measured reliably and it 15 wobthe that the iwKorne wll L* TeceNed. The Charity OP8Tates a discwnt Structtjre on g￿l￿astiC$ fees, which are re￿nIs0d in ¢Jirect cost& Di5wunls do not a￿ty to merchaThltsè. (xynp8tibon f&9$ or affilsations. No arnount Is Includ￿ in the finarrial statements lor voluntw ling with th8 SORP. Further dètwl is gNon in the Tiustees. Annu￿ Ro￿. For (kJnatK>ns to b8 rowi￿1. Chwity wll hav8 boen notili&l ol thtr amounts the setdemgnl date in writsrKJ. Amounts are reccxJnk%8d urKJn entittam8nL If there ara conditions attachgd to the donation aThJ this r￿UIreS a J8vel ol F*loMa￿e before 8nbllement can b& obtw'ned, than irthme is def￿red unb"l those condibons are lully met In¢ome from tr&Jing ac￿￿ inclu& iwmne eamal from lUTh*aL￿ng ￿entS ar*J traLlng a¢tiwhes to r￿$• luNJs lor the charrty. Income is in excharoa lor supthng gocts and SONI￿ w) order to raisè lund5 and is recconi£&l when entitlgm8nt has occurred. Investsnont income i£ èamed tlwh hcthlro assets hr Investrnent- wryjoses Such as short terrn savings and d¢kY)sr( a￿unts. h indudes thiderKls. interest and rant. Interest incom8 is recognised as the ¢he￿￿S right to entiuement cocurs. IrKome tax recoverable in r&￿tiOn to ¢SJnath recwv&Y uTrJer Grtt or deeds of covenanl ¢ reojgnised at thè time of the donation. Ino)m& tsx recoverable in rel￿1)n to in￿S￿n￿rt inoJrn& L% r¥(toni%ed at the Jme ￿ investsnent Ir￿me i% rwNat4e. 14 Expwdllure EXpeTrjitu￿ is re(wnis&J or￿e there is a bJal or ConStr￿tive ￿￿jatiOn to transfer economic tenefft lo a third party. tl probthe that a transfer ol ￿onOm￿ benefits wll b& requir&J in sèthement and thg amount ol the obl￿ation can be measured rdiaw. All exFeThthtur$ is account&J for on an ac4Juals baskg aTrJ has t4gn dassrfied under headings that aggreyale all costs fda1￿1 to that cai*2w. ExperKlrture on raisiro fvn(L8 Ir￿L￿je$ al experxliture r￿urred by the Charity to raise funds lor ts chaJitable purwses and i￿1￿1*S ¢05ts of ￿1 fuThJraisirKJ actiwties arKI non-charitable trading. Expeixltlure on charitabla acbvibes is i￿rI￿ on direcuy uTrJerrthTrJ Ihe a￿￿&$ furthor the CharttY$ rt)jeclives, as well as any asswated surTnrt C4Jsts. R￿lUTh￿ar￿ ojsts arnl twrnination payments are chw lo irmnè staternenl Sn the year in whkh an irrevocth commitment is rnadg to lTh)JT ￿$1> l exFenditurg 1$ Irngusl￿ ol irrwvwth VAT. Page 19 COLCHESTER SCHOOL OF GYMNAsncs NOTES TO THE FINANCIAL sTATEMEP￿s FOR THE YEAR ENDED 31 DECEklBER 2025 Accounung polle1￿ (eontlnuod) IS Gov•mmonl grants Government granis rslatirKJ lo ta￿e fixed assets are trèatad as defwed InCr￿e and rdeasod to the Statgmènt ol ffinar￿l￿ artNitVdS wn the complet￿￿ of the relevant ￿rtom1amQ-re1a1ed nd￿on$. Other grants that ara Mt Subl￿t to pwtormance-rgkt8d condthons are credited to the Statement of finanryal aCh￿￿eS as the grant prweeds are received. Grants received prior lo thg r8Nenue re¢￿an6￿1n criteiia satisfieil ar¥ r9¢(YJThs•J &8 a liabilty. 26 Interest recelvabl• Irrter9St on lunds hekl on dgfN)sit is irtlud8d recavable arKI Ih8 amount can be rneasured rgIAb￿ by the Charty, thi% is nomialty upon r•Jtikabon tst th& 4nLerest paid or payable by th& institutvjn ￿7th the fuTrJs are ¢ye￿￿[led. Z7 Taxatlon The Chaity is ConSK￿￿ to pass th8 tests s61 out in Par&JraF41 1 6 01 the Finance Act 2010 and therefore it m8*ts Iha d0finit￿ of a charilable compary lor UK corporation tax purpos&8. Accordir4Jty, the Chanty is p)tentsdty exempt from ￿8￿"on in respect ol income or cap￿ gans receiv&5 catogNies covered by Chaptèr 3 Part 1101 the Corporation Tax Act 2010 or Sect'on 256 01 the Taxats'on of chargeab￿ G￿nS Act 1992. to th& extgnt that such incom8 or gains are appligj exdusNety to tharitable purpose 18 T￿gIbl8 flxwj as$4ts and dopr8claUon Tangth fixed assets cosliro £S)O or morg are Ca￿￿Os&1 ar*J Tecognisgj ftrture economic nefits are probable arKI Ihe ¢xJst ￿ vdue ot the asset can be measureil relW. Tangble frxed ossats are In￿allY recognised al COSL After reccgnibon, uThJer the cost M￿le1, tangible frxed a&sets are measur&Y at ¢OSl bss actumulated depwiation aNI any accurnulated impairrnent kJs8es. costs incurTed to bring a law fix&J asset into its Intend&J working Cond￿On shoukl I Incl￿￿￿ in the rne&surement ol c¥)st. D￿ra￿ation is charged so as tr) ￿k￿ale the cost of tangbi [8 fix*J a&sets ths thew res￿￿￿ value over their estimated usèful INes. usiro ts strWght4I￿ mèthod. Dewe(iath)n L% on the fr*lkMiNJ bases: equ￿￿￿ent. Ilx•J Gyrn wuipment- unfixed Premises irnwovements Flxlures and frtings Office thwilyment - 10- 25 years 5- 10years . 10.20years 5- 10years 3-10yea G8ins and losses on disposal% are deterrnin￿ by (x)mparirYJ th8 Fyoc88ts wrth the carrying amount and are recognised in th8 Statement ol finanTr￿ aC￿￿tieS. Tl* pr(wty is nol beiThJ ￿￿)r￿lalad as thg Twstees corsKler that this v￿11 apweciate over tirne and therèfore they consKler lowng the Prcyety at the Origi￿ cosl is a more ￿dIstiC refl￿tion of th& vdLb8. Page 20 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE RPIAIKIAL STATEMEPITS FOR THE YEAR ENDED 31 DECEMBER 2025 ountlng polkl•8 (contSnu•d) Stod(s aro ￿Ued at thg k)Mwof cost and net reafisawe Va￿e. 110 D•btorn Trade aThJ other d8btoTs are rwnk$￿I at the setllement amount aft$r any trade dtscixjnt off8r&J. Prepayments arè valu8Y at the amwnt pra￿￿ net of anytradg Lf1sc>￿rrtS du&. 111 Cash at bank ¥nd In hand Cash at bank arKI in haNI indLNJBs cash ShOrt.te￿ highty IK4UKI investments with a short maljjrity of thr80 monihs or less from ts date ol auwisitK¥n cf opening ol tha dgposit or ￿Milar actX•unt. 112 Llabllnle8 and prov191(￿* Liabilities arè recognis&J ¥*han thèrè is an (￿ljatiOn * Bdanc8 s￿1 date as a result of a past 8vent. it is probatrAè that a trartsfer of ecorN)m¢ Ixnefft bg rwir&J in setuament, and Iha amount ol thè $etNement can b8 estimated reliabty. Uabilittes are rwnised at the arn￿nt thal ts Charity ant*kWèS *411 pay to setue the debt or the arnount has recewl as advan￿ pawnents ￿￿$ or services it must provhJ8. Provisions are measured at the best estimate of the am(￿nts required to s•￿9 the 0￿lgatk)n. Wh8re tha èffect of the tirna ¥￿ue ol money is materfaf. provisk)n is based on the present value ol those amounts, discounted at pre-tax discount ratt that refiects risks spealic to the liability. The unwinding of the discounl is recy)gnk8&J in the Sktemw)t of linar￿￿￿1 &twities as a finar￿ cost. 2.13 FImn¢1￿ Instrum8nt• The Charty only has fina￿￿* a￿et$ armj financaal liabilw of a that qu￿rfY as basic financial instruments. Ba&c Inancid inslnJme*ts aro initial* reCognIs￿ * transaction vlue and subwquenl(y measured at their seiJemert v￿ue ￿7th the 0x￿p1K)n of bank l¢)ans whseh arg subsoquan measured * arnorb5￿ cost U&ftg the effectThie inter¢* method. 114 Opw•ting l•as88 RentaLs paid under operatiThJ loa￿ are to th8 Ststsment of financi￿ aCtiV￿S on a St￿ght. line basi% over ts lease tem. 115 Penslons The Chaiity opèrates a defin￿1 cc**bthn per6MJn sch8m8 arKI the pansth ¢harge rewesents the amoutTts paythe by the Charrtyto the in r&4)ect of the year. The assèts of the schemè arg hekl swaldy from those ol lh& d*rity in an Independendy adrninistered fund. PayTrents to dèfinsd contrIxrt￿n sthwnes are charwl as an when they fall due. Page 21 COLCHESTER SCHOOL OF GYMNAsncs NOTES TO THE HNANCIAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢ounllng polldes IconlSnuedl 116 Fund accounllng Gts￿er￿ lunds ara unrestrthj fvnd5 ara avalat4e lor use at thè discrdion of the Trustees in fUrthera￿e of the general (*4"thes of Charity and ￿41¢h havo not bgen designated for othor purposes. D8signated funds Com￿se vnrestrictad funds that have begn $8t as￿& by Trustees for parti￿￿T puIFoses. The and use ol e￿ de5ignat8(I fund is set out in th8 rK>tOS to tha linancs statements. Restricted fu￿ ar9 furKL% are to te LWI aecorda￿e with spea1￿ restrictions imposad by dorors or wh￿h have been fased by the Charty tor particaJ)ar purpx)ses. Thg ¢OSts ol rwsirKJ and admini%tering such funds are ch8rg8d aganst the $￿ffic lund. Tha am and use of each restricted fuThJ is set out in Ihe Th)tès to th8 tinarrial statements. Inveslmant incomo. gains ar¥J k6ses to the aFpropriata lund. Income from donallons and legac*8 Restricted lunds 25 Total fund8 2025 )24 Donatiorts and grants 1,800 Tota12024 Income Irom dMrEtable acbvities Unreslrfcted B•slrl¢l funds funds 2025 2025 Total fund$ 25 Total 2Q24 Incorne Irom charilth act￿￿0$ 883.156 863.156 784.067 Tots12024 1.917 150 784,067 This hncludss the provision of ￿r￿SlIC eoachir¥J. holKlay d&sw. (trc4) in sessions aThJ faCIl￿e8 hirg charges. Pa99 22 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE FIP4ANCIAL STATEMEIUS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from other trxling actlvltl•s Incom• from I[w￿raiSIng •vants U￿e￿￿¢t•d lunds Total lundJ 2025 lunds 2024 Fund goneratKJn 31,S41 31￿1 23.621 Tc*a12024 23.621 23.621 During the year varit)us ￿l#￿Tai$1ng ac1ni1￿$ tix)k pi¥e Ind￿li￿j aTrJ Christsnas Display. Income from non chartlabl• tsading x1ivt Unrestrleted funds 2025 Total lunds 2025 rotal funds 2024 Trading InC￿m9 44,716 44,716 53,347 TotalW24 S3,347 53.347 The Charity r8i5e5 funds by veTrSrbJ mathnes for on and selL8 S￿c4a￿st dothlng ar¥J consum*Yè8 for ￿naSts. In¥¢stment In￿n• Unrestrfelèd fund¥ 2025 rotal lunds 2024 funds 2025 Invesiment incomg 7,414 7014 Tota12024 4,764 4,764 Paga 23 COLCHESTER SCHOOL OF GYMNA NOTES TO THE FINANCIAL STATEMETr￿s FOR THE YEAR ENDED 31 DECEMBER 2025 Expndllur• on ralsing lunds Fundr8[￿ng tradlng expen UN¢strf¢ted funds Total tunds 2025 Total 2024 Costs of Irathng Tota12ff24 52,039 52.039 This IrKI￿deS txsts as￿lated the verKjI￿ m&Nnes Llothing and consumable S￿¢8. Analy4$ of oxpondlturn on charil•bl• xU¥lU•s Summary by fund ty funds 2025 lunds 2025 2025 2024 Charitoble acbwbes eXpeThJI￿[8 Governance costs 837,498 6.642 844,140 775,082 3,390 Total 21125 837.498 844.140 778.472 Tgts12024 772.241 6,231 778,472 Page 24 COLCHESTER SCHOOL OF GYMNAsncs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysls of expendllurn by •¢llvlt undertak•n dlfectty 2025 Support Total funds 2024 fund$ 2025 2025 Charilablg athties expendrtu Govemanca costs 533.061 311,079 844140 775,082 Tot•1 2025 s33.l￿1 311,079 844,140 778,472 Tota12024 484.077 294.395 778.4T2 An8ty81s ol dlrect costs CharFlable a¢tivitles Tolal lunds 2024 fvnd$ 2025 Wages and saarias- ¢oathi Equiprnent costs Gymnasti(* ¢osts Discounts alk)w&J 44S232 445.232 28,473 28A73 42,533 42&33 16023 407.437 25. 142 39,732 11.766 Totsl 2 533.061 S33.061 484,077 TotalW24 484.077 484,077 Page 25 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 An￿Y•[S ol ￿pendItUTe by acttvluos {¢ontlnugd) Anaty$lg ol support costs Charitable Qowmaneo acllvttks 2025 Tolal lund$ 2025 Total fvnds 2024 2025 Wages and saiari*s- other staff Other staff costs Premises costs Bank charges and card fees Othw overheads Other 5￿ff costs Interest paythe 118,039 33,020 100,144 118.039 33,020 100,144 114.369 28,709 92.825 24.994 16.439 5,977 18.959 7.656 5.724 4,804 18.959 3,390 Tolg12W25 311.079 311.079 294,395 Tota12024 291.CQS 294,395 Govemance costs Ind￿￿8 thè costs of prop￿ing the accounts and ts Ind8pandènt Exarnlnat￿n, plus DBS and m8mbarshipslsubscriptiorLS wuired by p9rsonnd In th&ir capaaty as those charged wth governan(8 of the charity. The Sndependenl examinerfs remuneral•)n arnounts to an iTrJependent examineT laè 01 £1,625 (2024 - £1.575), arnl preparation ol the acojjnts from a tri￿ of £1.625 ia124- £1.575). 11. J25 2024 Wages and salarlag Socurrty costs ContnlyJtion to defin&J c0ntrknuti￿ ¥h￿eS 49Y.437 18,749 8,015 5632n 521.806 Page 26 NOTES TO THE FINANCIAL STATEmEP￿s FOR THE YEAR ENDED 31 DECEMBER 2025 11. Sl•ll costs {contInu￿) The aver4e numbor ol petsor6 emph)y&J by the Chaityduring year was as follfMS.' 2025 All staff Thè numbor ol ernpkn￿ 8mFtyg beneffts {exdu(tiThJ ￿1p￿YOr ￿nSIOn costs) exts8ded £60,000 was.. 2025 In Iho twd £60,001- £70,0 Th8 total amount ol om[￿oYee benefits lindu(fiThJ emF4oyer FwNon contritsjtions and employer national inSUra￿e contribjtionsl rac8iv8d by key man&Jement lor thar sam￿$ to the Charity VAS £70.876 12024.. £66.WJ81. Koy managemontc0mwts￿ th& 80n•)r I￿shiP team. 12. Tru*t•8#' Ywuuneratlon arml oxpens During Ihe year, no Trustaos arry remuneration or oth8r t￿nefft$ (2024. £NIL). During tt)0 year erKled 31 D￿nbor 2025. no Tmsteo expe￿ have t￿n ltrKurred (2024. £NILJ. Page 27 ¢Y* v•¢ NOTES TO ThE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 DECEMBER 2025 13. Tanglblo I1x￿ ass¢t$ {¢ontlnued) Cokha$tgr S¢￿)01 of GyThnastics lease the land on premises is sited lti118 numt*r EX374101 from Colchester BoroLNJh counc￿ for a PBFpercom Tent ol £1.700 y8ar. There is ￿ recognthon as a fix￿1 assBI lor this. prcpotty. rwised as fix￿1 assets atrf)ve, rektes to thg tyiklrKJ that vas subse(pently buSrt on th8 ased laThJ . consisb.ng ol thg gym hall. offi¢xs. rooms aTrJ car gyTh vrn5 fvrther &xt8ThJ8d In 2014 arKI the cost of thi8 was also Ca￿t￿Ls8d at thè timg. 1& Stocks 2025 2024 Ck)It￿n9, verKlirvJ and olher stcd( 890 9,280 15. Debtors 2025 2024 Due wlthln yow Trnde debtors Other debtors PrepayTrents arvj a￿ru￿1 irtomè 195 203 12,885 7,164 14,218 7,359 16. CTedltors: Amounts t•lling due wilhin ¢)ne 2025 2024 Bank loan5 Trade credito Olher t8xafjon and seujrity Other creditors AcuvaLs and deferr&l irtomè 17.432 15,831 (174) 4,158 160.935 1.860 142.767 190A 167.267 Pagè 29 COLCHESTER SCHOOL OF GYMNAsncs NOTES TO THE FINANCIAL STATEAIEKrs FOR THE YEAR ENDED 31 DECEMBER 2 2025 2024 D&ferr￿1 In¢om8 at 1 January 3J25 Resources deferred during tha year Amounts released from prevb)us perKth 128.124 131,858 {128,124} 94,031 128, 124 (94,031) 131.858 128.124 Income In atharKo rektes to dasses aJKI Sess￿ paid for in a(bRncg. The Club collects and pays ovèr British Gymnastics and Eastem Counb8s Gymnastics ￿￿oCiatiOn 168$ Pa￿ by membèrs to tha Club. Wherg these fees are yel paid ov8r to thg Iwo organlsations, at year ènd. Ih8y are recorded on the Sheet. Thèrè wara Tro such fees ir￿lUded in Income In Advance at the year e￿1, IOT both this year a￿1 last yw. Amounts do not show on lh& SOF 17. Credltors: *Jnounl$ IAlllng du8 after rnorethan one yew 202S 2024 Bart( loar 60.306 T1￿ k)an with CAF on a CW aThJ basis. Page 30 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE FINAMCIAL STATEMETr¥rs FOR THE YEAR ENDEO 31 DECEMBER 2025 18. SlateM￿t of fund9 Slatsm•nt of lunds. ¢urY8nt y BAl•n¢o at 31 Tran￿Or$ D￿ernber Inlout 2025 Balance at 1 Jonuary 2025 In¢ome ExpuMli¢ure Unr•strfet•d lund$ Dtslgnated fvnds New heatiro system Seating 10,(KIO 10mO 35,000 unrastr￿1Wj funds 1,197,TTJ 966 1085,928) {661 1,278.606 T¢)tsl Unrestricted funds 12317rJ 966M IQ85.928) 1681 1,313,606 R•strict￿ funds Jack Petchey Brovtt trwning {1235) {1A166) 3.170 {2W1) 3.170 RtstrtCt￿ flxod 48trots fvnd$ Car park and wuiwgnl {4W1} 44.018 Total Restrfcted funds (6.64 47,188 Totsl ol lund8 1,283,737 9$9￿27 {8Q570) 1.360.794 Page 31 COLCHESTÉR SCHOOL OF GYUNASMCS NOTES TO THE FINANCIAL STATEUENrs FOR THE YEAR ENDED 31 DECEMBER 2025 18. St•t¢mont ol lund$ (contlnu8d) Restricted FUNIS Restricted luTrJs are subj'ect to CO￿lit￿N[g by L*)rKxs as to ￿Y may used. DU￿n9 the year the Chaity T￿e￿￿ gTarts from The Petch8y Foundation. as p*1 ol th& Achovernent A%Yards scheme. Each awartl wnngT a c8*tg, Fmll ba(SJ8 and a Lx>ok from Sir Jad< Petchey as well as ch(M)sing fmlw to spend £300 to benefit the ￿￿. Expenditure in the year has towards ￿UIpment aThJ a team ￿￿ty. The Restricted Asset Aosm has any squit￿OnI that has t*n b)ught rastrthd funds capitalis￿1 into it along th the caMdlsa￿n of the w park The NBV ol the car park as at 31.12.2025 was £40.241 and th8 ￿uIpMent was rJ,777. Des￿nat￿l FuN1s Designat&J funds comprise luthls havg sat asKla at the dI￿retion ol tha Trustaas lor spacrf purposes. un10strth￿ FUTh All oth¥ donat*)ns ware uNestricted. Unre5MgJ FurKl$ are avwkbb for use at tho d¥%¢rètion ol thè Trustees in lurtl*rm of Ihew ¢hantstrAe ctieraNes un￿$ tW have bean dasignated lor other wrposes. Page 32 COLCHESTER SCHOOL OF GYMNASTICS NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2025 18. Slatwnent of funds Icontlnu•dl Stakrnent ot funds. prforTrr 31 rrans18rs D￿be 2024 Unrestricted lund8 Doslgnaknj funds Naw haating ￿teM R8furbishment Soating (25,OL￿) 10,000 35,000 Ggn•ral lund$ General FuThl$- all furnts 1. 131.903 865,649 {824.280J 24.SQf 1.197,773 Totsl unrestr1¢￿ lunds 1. 191.903 865.649 (W24,280J 1499) 1,232.773 Restricted furKIs Jack Pet¢hty 0th8r rest￿￿￿ furts (2,581) (1.302) (1￿} 2.605 150 {2,581J (1.452) 2,605 Cla&% 11 Aestrthd Funds. al luTrJs (3.650) 1.9SI 48,359 Tot8114¢strfcted funds 54,746 (6.231) Totsl of fund8 1246.649 867.599 (830.511) 1.283.737 19. Summary of lund• Pago 33 COLCHESTER SCHOOL OF GYMNASTICS 140TES TO THE FINANCIAL STATEMEtr¥rs FOR THE YEAR ENDED 31 DECEMBER 2025 19. Summory of funds (contlnued} Sunwn8ry of funds- cuThentyev Bolar)ce at 31 Balance at 1 JOn￿ry inlout 2025 DeBignat￿l fuThJs Gener& lurKIs Restiicted furkts Restricted fixed assei lu￿ts 35,000 1661 1.271606 3,170 44.018 1.197.TrJ 1885,tr281 12.3011 (4.3411 1,283.TJ7 969.627 1891570) 1 JfjO,794 Sumnwry of l￿d$. prfor yoar Balancè al 31 Trnnslets December i￿Out 2024 l Januwy Designated fvrKL5 General funds Restrcted funds Re8tii¢tgd fix*1 asset fur*J5 f25,0(Q) 24,5QY (1,452) 1.95f 35,000 1,197,773 1.131.903 865,649 (824.280J (2,581) (3.650) 48.359 1.246.649 867,599 (830.511) 1.283,737 Anotys1$ ol not assets bthiew fvnds lysls of not 88S8tg behveen fund$. cun•nt Restrlctad Lknregtri¢ted R¢thel•d Ilxed asset lunds funds lunds 2025 2025 2025 Tot fund$ 2025 TarrfJI￿e fExod as9els Current assets Cr6ditors ￿e within one Cr8ditors due in more than one y8ar 913.323 44,018 947,341 3.170 I1￿,49)} 142.7f4)} 1190.4901 142.760) 1,313.606 3,170 44.018 1.360,794 Pag8 34 NOTES TO THE FINANCIAL STATEMEMfS FOR THE YEAR ENDED 31 DECEMBER 2025 Restricted funds 2024 run(ts 2024 funds nds 2024 Tangljla Itxed assets Currenl assets CrgJitThE ¢JJe within one year creditr￿S in moro than w ygar 920,758 590.552 (167.264 (60,3(￿} 587.947 (167.267) (60,306) 1.232.773 2,605 48,359 1.2&Y,737 21. R￿on¢1114t1oTr of net movement In lunds to nd cagh flow fyom ¢perntlng actiTAUes 202S 2024 Not Income fc*th& yw la8 per &atement of Fir￿￿1￿ I￿1￿1￿es) 37,088 Adjustments for: Depreciation charges D8crèa5ellincreasel in str In¢rease in d8btors Increas8 in crothtors Interest paKI Inter￿ receryed 31.871 1391 16.6561 21,Vt 1724 17A14) 28.709 (4,808) (1,563) 32.053 7,694 (4,764) Not cgah provlded by oper•tliwJ a￿1¥11*5 124.595 94.409 Pag9 35 COLCHESTER SCHOOL OF GYIIIIASTK NOTES TO THE FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 DECEMBER 2￿2$ An*y$kn ot •nd u$h oqulvab8nts 2W25 2024 Cash In hand 625,595 573.913 Total cash aThl cash wulvolents S25￿95 573,913 AnalysLs of changgs In not debt At1 anuary 25 Cash flows At31 2025 Cash at bar* and In h8nd Debt due ￿thin 1 year Debt du8 after 1 y m.913 (15.8311 (Go.￿} 51.682 11.601) 17y8 62S,59S (17.432) (41780) 497,Th 67,627 565003 Page 36 COLCHESTER SCHOOL OF GYMMASTICS NOTES TO ThE HNANCIAL STATEMEiirs FOR THE YEAR ENDED 31 DECEMBER 2025 Penslon commiimenis The charity oFerates a definwj c(X)t1kn￿ ￿nSIOn scherne. The ass8ts 01 thg scheme are held separately from those ol Ihg charity in an 1Trdep￿￿ athlinister￿ fund. The ￿nSIOn co81 charge represents corrtributs.ons paythe by the charty to tlp fuwKI arKI arnOunt￿l to £9,29012024- £8,015). £3.85612024- £1,734> was payat4e lo Ihg fu￿1 at th8 sheet date and are included in creditors. Opw*tlny16ase cornmllments At 31 December 2025 the Charity had o)mmitments to make fu￿re minimum lease payments uThYer Th)n- canc¥llatAg q)erab"ro1gasas as IdhyAB: 2025 2024 Not later than 1 year Laterthan 1 year a￿1 nol later than 5 years 7.491 3,664 13,149 11,155 folk)￿ng Iw& payrnants ha￿ teen recr*Jni8ed as an éxpe￿ In tha Statgrnènt of lIna￿ activthes.. 2024 OperaiiNJ 19ase rgnl 7.33Y 26. R•latsd paity trnnsactlons During the year, six of the Trustses ol Cokhester School of Gymnastics were relat￿ to staff rnernbers who are retsin8d I￿th a ¢wtract of emF40￿9nI or ate vduniews. Tr atyJrwJalg valuè ol th& ¢onlract of emplo￿￿ents is Immateri￿ and terns are the sam$ as 0th9r staff members ￿ volunteers, with no ¢onnections. Famity member5 of Tnkstsss (*) atteThJ Sess￿￿6 al the tharrty. Ixrt ¥￿th rn swal tsrms. Any ￿lated paty transa￿￿)n5 on t¢rm$ ￿ul¥alent to Ih)se of the generd wlAic on an arms lenglh basis. Page 37