Compfiny ￿giStratIon number.. CE034874 Charity registration number. 1206512 Gymnasts for Change International {Chvitsble Incorpo￿ or8aDi5ation} Annual Ryrt WMI FinaDcial Slatanents for the period from 12 January 2024 ￿ 31 De<¢mber 2024 RWB CA Limite North8ate House North Gate New Basford Nottingham NG7 7BQ GymDasts for Change International Contents Ref¢r¢nc¢ and Athninistrdtive Detsils Tn￿le¢s. Report 2to7 Indep¢nd¢nl Examinerfs Reprt Statement of Financial Activitie5 Balance Sheet io Notes to the Fin8A¢ial Statements 11 to 15 GymD45ts for Change International Reference Admini8trative Detaib Cbair M5 K N Roydo Charity RegistrstioD l¥urnlyer 1206512 CompxDy Reystration Number CE034874 The Chartty is incor￿[81&1 in F￿lattd & Wal¢s. 1st FI￿r 105-11 l EusTh Street Registertd Offie¢ NWI 2EW l￿depend*￿t KixmiDer RWB CA Lirni*d Northgate Hous¢ Nortb G New Ba5ford Nottingham NG7 7BQ Gymll¥sts for Chydnge lDternation%l Trustees. Report The trustees. wkn are directors for the purposes of company law. present the annual report together with th¢ fuJancia] statements of the charitable ￿MpanY forthe period ended 31 December 2024. Trnstees and officerj The trustees and officers serving dwin8 the year and sitt¢¢ th¢ yw ¢nd wEre follows: Ttustees: M5 K N Roydon (ap￿inted 12 January 2024) Dr E B Su¢klin8 (aptrt)inted 12 January 2024) M5 E Jotis¢hky (aptKJ]n￿d 12 January 2024 and resigned 25 Ma￿h 2025) Mr M C Gass (app)Int￿ 12 Jattuary 2024) Ms G Field (wint¢d l May 2024) s K N RDy&)n (¥wiDt¢d 12 J￿￿￿ry 2024) Objeftivtt and %ctivitseJ Objects andain Gyrnn&%ts for Cb#nge ltttrrnational {G4CI) 1$ a survivor-led hutnaD rights organisation. Our mission is to promote human ri8hts in 5POrt by $upporting individuals who have exFricnccd abuse iti gymn8Stics, advocating for r¢fomi of abusiY¢ coachiog practices, 8Dd protecting firture gen¢T8tions of 2th1￿eS. We seek redress a￿d recognition for G4CI's charitsble obje¢tives 2re: l. To promot¢ the physi¢al and emotional wellbeing of participairts in gyin￿StiCS by raising awareness of abus¢ in the 5porL ¢ommissioning res¢w¢h, and equipping the Sector with pffveniative tools and best practiCC5. 2. To 5UPPOrt gyrnn&8ts have eXP¢TieD￿j abus4 prtividing therape￿1¢ and practical ￿]Stance to pursue redress. 3. To promote hum8n rights in SWt by exFW)siDg abuses, s¢ekiD8 accountability, and educatins stsk¢holders on athletes, rigbts attd welfare. These objective5 are Underpinn￿ by the charity's cornmitment to Irauma-infornirf Survivor-led advocacy and a structural shift in global gyrnnaths gov¢rn8n¢¢ and clll)Jre. Key A<*viw in 2024 To fiLlfil the charity's objective5, G4CI has i￿P]ement¢d four-stran(b of athivitie5: l. OrganI￿lon81 Development.. developing our infrdstructsllt and governan¢e to impact attd sustsinability. 2. Survivor Support Advocw: providing direct support to survivors through group therapy. l..1 Coun￿)1]￿g, and advocacy training. 3. Research. Litigation and Strategic Infiuc￿Ing. conducting and disseminatsng Tesearth to raise awareness and influence reforni., en8a8in8 in strdlcgi¢ I[tig￿l0￿ and wmplaints proce55e5 to drive accountability. 4. Awareness Raisit)g at)d Media CampaiEn5'. nmning media campai8n5. including p)dcasts attd exhibition5. to hi8hlight ab￿ and mobilise publi¢ #nd poliiical prtssure. P•8e 2 Gymnasts for Change IDlernatioDYdl Tru$teu' Report All artivity LS 5hapd by lived exp¢Ti¢nC¢, SUPPOrted by internaE g0veTn￿ce p)li¢ies, and guided by oYerarchin8 Theory of Change thai places survivor e￿￿We￿￿￿ and systemic reforni at the ¢en*r. blic b¢n¢fil The Trustees confirni that they have complied with the duty in section 17 of the Charities Act 2011 to have due r¢8¥d to th¢ Charity commis￿'S 8en¢ral guida￿¢ on public benefiL fknities Public Benefiv. Achlev•ments and ￿rfOn￿l￿ct I. OT8anisJlion8] Development Following its registration in January 2024. G4CI successfvlly tranSiti￿r•￿ from t ￿rn0ts campAign group lo * legally complianL funded. operational Charity. K¢y or8anisational D¢hieYern¢nts in¢lud¢'. Adoption of the Articl¢$ of A￿0¢1&1100 and found*ioDal policies. Development ofrobusi financial maDaBement and controls. including 8ppointm¢Jrt of RWB Chartered Accountants for independent exwnination and Mar￿gement. Recrnitment of three staff m¢mbers.' a CEO. a Senior Curator & He￿ of Archives and a Community Maw¢r. Board audits a Diversity. Equity. and In¢ly>ion (DEI) review. • Development of a bu5Lll¢SS plan. fimdraising $tra*By. and Theory of Ch•n8e in ￿lIabOration with Ask Research Partners along with o be8pok¢ Cbsrity Charter. . 2 y¢w5 of Cort Support from th¢ O¥k FouDdatb)n. Five Trustee meetings were held in 2024, with plan5 to cxplnd trusiee ¢xp¢rti$e in humon rights at)d sport by the end of 2025. A robust moniioring ond evJluation framework is now in Pla￿ to en5urc #c¢ounthbility and impact trocking. 2. Survivor Support and AdvL* Membership Platfom) G4CI IBunched a secure online pla￿orni to repl￿ infonnal WhatsApp pe¢r-5UPPOrt channels. After extensive Member Consultation and developmenL the platfonn pilothd by So membus and L$ set for publi¢ launch in mid-2025. Key platfo￿ achievements include: • 6 8wup thernpy workshops • S commwiity huddle$ • 4 international 5trdtegy meetings Re¢witm¢nt of volunteer moderntor5 and c4)mmunity s&ff . Ongoin8 weekly updat¢$ and feedba¢k loops Th¢rap¢uli¢ Support G4CI prioritised trauma-infornied care thrngho￿ 2024 ond to dat¢ in 2025: • Delivered 64 one-to-one thernpy S¢SSiODS by trawna Specialist Kay Soil$bury. • Ran a 6-week group therapy course with 5e$5ion rtcordin85 made available for widcr member access. Maintaind int¢rim dir¢d SUp￿rt Via C8lls. ezDail& attd messw dwin8 the platforni transition. Gymnasts for ChaDge International Trusteo8' Report Advocacy Tming G4CI mapped the trI￿f0M￿lI0n ftom swvivor to SUTvivor.advocatr and began developing a six.week advo Course for launch in late 2025. The course will be o>delivereAI with the SpoTts & Bights Alliance and aims to empower survivors to shape plicy and ¢aTnpaign sttaiegies. Legai and Complaint Support G4CI providd ¢riti¢ai sup￿)rt for mernber5 involved in the UK'S Independent Complaints Pro¢¢s$ OCP) and eivil litigattOD: . Engapl Dentons law firni to SUPPOrt 15 wmplainaots. . Su¢c¢55fiJlly appeal￿ severa] ICP decisions, though broader pnKaural barriers persist. Facilirated peer-sharing and emotioD31 resilience thmugh the platform during long legal pro¢¢ss¢5. ID addition. G4CI cwrdinata 44 Civil claID￿ lloT¥ nwiaged by BBK Solicitors. Seven clwims have aehieved settl¢m¢nL se¢uriAg sigrtifi¢8nt redres5. Psychiatric ¢T￿lUatIOns aDd impact 5taternents from these Cases will support futLwe a¢ademi¢ resear¢h advocacy. 3. Researth. Litigation, and Strategi¢ InfluenciD8 Int¢mationa] Working Group Under the lethhip of a new coordinator. the knational Working Group now iD¢lud¢s m¢mbers frorn 13 countries. This group is desigtting a research a8enda f￿￿Sed on: . bJng4crni impi¢ts of abuse in gyDmthc5 . Structural failure$ in complaxnts m￿h￿l5 Defining ￿taU￿a.1￿fornIe￿' R￿gnis￿n8 widespread mi5U5c of thc t¢rni, G4CI began developin8 a definitive. member-led framework on what "trauma-infonned" mean5 in ptaclicc. This initiative will underpin internal policy and extern￿ parn)¢rships movin8 forward. Legal Reftirni G4CI continued to advocate for rnallda￿ry reportiD8 law5. working closely with Mwjdate Now and Baroness Tanni Grey-Thomp50n. ID January 2025. G4CI members attended the Hou5E of Lords for the second reading of the Mandatory Re￿)rtill8 Bill. G4CI ￿¢rt & Human Rights IFX)li¢y development) • InternatiorMi Gymn&stics Federation (FIGI and Gyrnnasti￿ Ethics Fouttd#tion • British Gyrnnasti￿ (BG), includitig OWADg CODSYItsti￿ and ￿fOrnI Collaboration G4Cl has been particularly active in influ¢ncin8 BG'S "Reforni 25" pD)grarnme, co-dev¢loping welfare policy clJan8es and pushiThg for 5truthual rrfomi iti ¢oath ¢dUc&tiO￿ wmplaillts systrms. and dats repO￿ti8. PrOgr￿s Against th¢ Yall for Chan8e- G4CJ's "C211 for Change" document. published an 2021. conttDu¢s to 8vide strategic directiots and provide benchmark for progress. Key wiL8 in 202¥25 include: Pw4 Gymnasts for Change IDterDatioDal Tntsteo8' Report * BG'S oveihaul of rK)licies on hydration. ThEigbiD& injury rnanagcmenL and ac4demi¢ sup * Piloiing of ¢thi¢al coaching programmes . Introduction of mentsl health support lines • Invesknent in ¢oa¢h deYelopm¢Di and athlete voice inilmtsves Imprnved inclusion. diversity. and media repttsentstion at natiopai events Documentsries G4CI contributed to two major d(KumentsTi¢S: L. 1TV'5"Gymnastics'. A Cuhure of Abusev IF¢b 2024)- Broadclst Dationwide and contributed to the departur¢ of senior personnel in the sport. 2. "Btok¢n Ki&s'. The Untold Story of YouD8 Athlcte5- (Juty 2024) - Aired in 16 WWLtries thead of the P8ris Olympi¢4 r8ising glob818W8reness of ab￿le in elite 5prL Pod¢ast Lawich In December 2024, G4Cl cotthmis$itsned a highquality hosted by BBCiournalist Terri White and produ¢¢d by 18Sixty. Launching in 2025126, thc podcast witi: • Sharc survivor storics • Educate the public and parents Lobby for chaDges in safeguarding laws • Provide a platform for ongoing adY(w athd a¢¢ouDtability Con¢l¥sion G4CI's first year as a r¢gi$tered cbaTity h&s laid a 5troDg found&ion for long-*rni impact. The organi5ation I demonstrated its ability to deliver trauma-iDfornied. survÈYor-led pr¢)gramming %thil¢ navigatiTh8 complex legal. cultura]. and In￿llutiOnal land5cape5. It ¢ontinu¢$ w develop rOb￿rf governancc. expAnd internatiot)al ailianee5, and advocate for systemic refonn in the sport of gymnastics. With ¢l¢ar $trale8iC goals. an expanding m¢mb¢rship plaiforni, and nariot)al policy infiuence. G4CI is poised for continued growth and change-rnakiDg in 2025-26. FiDanci*l review Tota] incorne over the year was £245,520. All of our income came from a tW)-year Core siipp)rt &Tant from the Oak Found8tiorL with pha￿ I refl¢cted in this y¢ar'$ fiD8ncial retKJrts. Expenditure totall￿ £79,855, with 22.5°h spent on activitie5 UDdertakEn dirertly aod the r¢maind¢r on supp)rtiD8 activitie5 aDd organtsational dev¢lopment. We spent much of 2024 developing our platfomx attd transitionin8 the m0verne￿ frorn a grass roots volunt¢er l¢d peer-￿pe¢r network into a ￿]lY fitt)¢tional Charrty, and expect our sprnding on a¢ttvities to ramp up in 2025. P88e 5 Gymnasts for Change Internation%1 Tru5tees' Report Pollcy re3er¥YJ The Trnstees aim to maintain rcserves". . PrimArily to miti8ate tbe ri5k5 of unfor¢w reduction5 futidI￿ rffogDisRD8 the 0￿￿ls￿l0n is ¢U￿tlY dependent on a single funder. b Fund un¢xpected operational expenses. . Cov¢r th¢ ¢osts of an unplanned closure ortransferof the ¢htiTity'S operations should fuDding ¢ease. The orgaDisatson will maintsiD teseryes equiv8leni to three JrM)Jth of operating CO5￿ pmvidin8 & buffer to dev¢lop new sources of incom¢ or implement cost-saving m¢asurts. Core operatinB in¢lude Wn0ng￿ other expens¢s salaries, ren4 xcountaDCy aod audit fees. and IT sub￿riPtiOn s¢fvb¢¢S. The reseNe requitemeat is s¢* at £30,000. At year end. free (unrestricted) r¢seryes stood at £nil. wbil# our restricted balaDcc stood at £165,665. rel]ecting a healthy fiLndin8 for our work. Whilst our 8Tant frottl the Oak Folmdation És C1￿¢d as restri¢t¢d fvnding. it is p￿Vided as core support and offer5 the QTganis*ion considerable disrrctkon on spending in PUT5Uit of our charitable objectiv￿. Ov¢r th¢ comin8 year the TTUSt¢¢s prioriti5e builditig Unrestrilx￿ reserves to meet our r¢serYe rryuir¢TnenL The tru5tee5 consider the charlty to be a gOiD8 hfiviDg reV7¢w￿ forecasts confjma sufficient reserves to meet planned commitm¢nts. Struethr& govern*4¢¢ and maugerneDt Natsre ofgovernlng d￿Ment Gymnasts for Change Interrotional (Clwity llumber. 1206512) established as a Ch8ritsble IDCOfP)rnted Organisation, tegiMer¢d by the Charity Conlltllssion of En￿alld and Wales on 12th January 2024. The organi5ation is governed by its constitutio￿ which adopts th¢ FoLMd￿lOD ModeL givÉng th¢ tnjstees sole votin8 rights ￿ the organisation. Thts means ajl imFK)rtant decisions - akjut the charity'5 directiort. finances, w)licie5. and activities - 4r¢ rnadc and vtsted oll by th¢ I￿{ee5 retain overnll responsibility for the clwity. Day-to4ay op¢rntiODS are delegated to the or8ani5ation's sthff. Truste¢ iern)s aod m¢thod of appinttDeDt are sd out in our G)n5titirtioL Our initial sd of four tnJstee5 served for staggered terms of oue year and eigbt¢¢n months, with sub5cquent terDLS of three ye4r5. New trustees appointed by the Board of Tru5te¢s, with an aim to eDsure 5i8nificaDt survivor r¢presentation. ApFoinlmcnts are guided by skil]5. and diversity audit and follows an inclusive proccs5 whi¢h iims to build a diverse board reflecting lived Along5id¢ our boaT(L the mernber5 of Gymnasts for ChaD8e feed into the otg8nisational strategy throu8b a 5cri¢s of ups d¢sign¢d to capture tbeir voices. Gymnasts for Change International Truslees, Report Mojor ri¥kF vfthose Risk ML￿￿8¢￿# The In￿l¢eS have identifi¢d and reviewed the cban"ty's principal risks. Kry risks lte th)nitored thTough sn annually updated risk register. with mitigating xtiODS implemented as appropriate. including the Intr￿atIOn of trauma-inforn?ed prdctice5 Lnto our work. St•ttmtnt oftrustees. respoDsibilitie¥ The trustees (who are also the d￿eCtorS of Gymnasts for Change International for the purp)5es of wmpany lawl are responsible for preparing the trustees. report and thc financial sts*ments in accordance with applicable law and Unit¢d Kingdom Accounting Standards (Uniied Kingdom Generdlly A¢¢epted A¢couDiin8 Practice). including FRS 102 "Th¢ Financi41 Reportin8 Sthndard applicable in the UK and Republic of Jreland". Company law require5 the trustees to pr¢par¢ fiDzncial statemcnts for each f￿￿k¢1a[ peri￿1. Undcr company law th¢ tru5t¢e5 Tnust not approv¢ the financial stat¢rncnts unless they are 5ati5fied that they give a t￿¢ and fair view of the stste of affair5 of the Gharitsble company and of the incorning w¢souw and application of resour¢es, including its income and C￿ndItur¢, of the charitable company for that period. In preparing th¢s¢ financiaj statemeThts. the trustees are required to.. seled suitable accounting policics and them consisteDtIy' observe the methods and principles ID the Cbariti¢S SORP,. mak¢ judgements and B5timates that are re&sonable and prudent State whether applicable a¢¢ouDting stsDdards. o)mpTising FRS 102 havc been followvl subject to any material d¢partures disclosed and explained in the financial 5tatCTn¢nts' aDd prepare the financial sial¢m¢nts on the going GODcern basis unless it is inappropTiale to presume that the ¢haritsble company will continue in b￿lneSs. The truste¢s are resrM)nsible for kc¢ping pmper accouThtiD8 records that disclose with reasonable a¢¢uT8Cy 81 any time the financial w)sition of the charitable company and enable them to ¢nsure that the financial ststem¢nts comply with the Companies Act 2006. They ar¢ alw responsible for safeguardin8 the &s5ets of the ¢haritsble company and hence for tskI￿g reasonable steps for the preveniion and detection of fraud and other irregularitie5. The tsustees are respoThsible for the mainienan¢e and integrity of the cortM)Tat¢ and fmancial Ènfom18tion included on the charitable ¢ompw)y's website. Lcgi51ation goyeming the preparation and dissemination of fiTJan¢ial ststements may differ fn)m l¢gi51ation in otheT jurÉsdictions. Thc ￿nUal report was approved by the trustees of the Ch¥ity ¢)D 3 June 2025 and signed on its behalf by: Eo M5 K N RoydoTL Chair and trust¢¢ Gymn&8ts for Change IDternational Independent Examiner's Report to the trustees of Gymnasts for Change International {'the Company.) I report to the Charity tn￿5 on my ¢xomination of the of th¢ Company for the year ended 31 December 2024. Rcsponsibilitsts and b*sls of rtport As the Cbarity's tr￿Ste¢S of the Company (and also its directors for the purp05C5 of company lawl you are Tespon5ible for the preparation of the a¢counts in accordance with th¢ r¢quirements of the Cornpani¢5 Act 20061'the 2006 Act.). H&ving s*isfied myself that the accounts of the Con)pany ate not requited tts be audited under Part 16 of th¢ 2006 Act and ar¢ eligible for independent examinalion. I r¢p)rt in re5Pttt of my examination of your Charity'5 accounts a5 carried out under seaion 145 of the Charitit5 Ad 2011 ('the 2011 Act,). ln carrying out my ¢xamination I have followed the Direction5 given by the Charity Commission under se¢tion 145(5Mbl of the 2011 A¢t. IDdependent twniDer's Jtstemellt I have completed my examinatM)n. I confimi that ￿ TDatters bave come ts my atiention in conneL1ion with the examinatiott giving m¢ ¢ause to believe: l. a¢￿￿ntIng I￿OrdS were not kept iti respe¢t of Gymn￿ for Change International as required by section 386 of the 2006 A¢t' or 2. the accounts do not Hceord with those records; or 3. the accounts do noi ￿MplY ￿ the accounting requirements of s#1ion 396 of thc 2006 Act other than any requirement thai the acco￿ts give a 'true and faiT vie* which is not a matter considered as part of an independent exatnination" or 4. th¢ ¥cohmts have not been prepartd in 8¢¢ordance the methods I￿j PTin¢iples of the Statement of Recommend￿ Pra¢ti¢¢ for accoLUrtin8 and reporting by ¢hariiies lapplicable to ¢haTities preparing their a£Eounts in aGwrdan¢¢ with the Financi￿ Reporting Sth￿da￿ applicable in UK and Republic of Ireland (FRS 102)]. I have no concerns and havc a¢rnss no other matter5 ill CODnecti¢)n with the examination to which attention Should be draMTr in thi5 Teport in order to ¢tsable a proper understanding of the accoynts to be reached. N W Bonnello Northgate House Nonh Gat¢ New B18ford Nottingham NG7 7BQ 3 Julle 2025 Pa￿1 Gymnasts for Change International Statement of Financial Artivities for the Period from 12 January 2024 to 31 December 2024 (Including Income and Expenditure Account and StaiemeDt of Total Recognised Gains and ithses) Total 2024 Notr locom¢ •nd Endowments frnm: Donation5 and legacies 245.520 245,520 Totsl income 245,520 245.520 Expethditsre OD: Charitable activities 79.855 79,855 Tots] ¢xp¢ndi 79.855 79.855 Net income 165.665 165,665 N¢t mov¢metrt itk fund5 165,665 165.665 ReconciliatlOD of funds Totsi Carried forward 165,665 65.665 All of the Charity's A￿1VItIeS derive from continuitig opeMions during the ak)ve PCTiOd. The notes on pa8es l I to 15 forni an intrg1￿ part of thes¢ fitwcial statements. P8Be 9 Gymngsts for Change InternatioDal (RegistratioD uumber: CE034874) Balance Sbe¢t ￿ at 31 December 2024 2024 Note Current a55ets Cash at bomk and in h￿d 168.823 Credltors: Amounts fxlliDg due T/ithin olle y¢*r io 3,158 Net assets 165.665 Funds oftbe Cbgrity: Restricted income fun¢b Restricted futlds 165.665 Total futtds 165,665 For the financial period ¢nding 31 December 2024 th¢ Charity entitl￿ to exemption fiDm audit under Section 477 of tb¢ CO￿Pani¢S Act 21)06 r¢latiD8 to Small rompames. Directors, re5PODsibilities: The memb¢ts hav¢ not required the Charity to obtsin an audit of its accounts for the period in question i a¢¢ordan¢¢ with section 476: and The directors acknowledge thekr responsibilitie5 for rntnplyillg with the requirements of the Aet with respxt to accounting records and the rwaration of accounts. The financial statements on pa8es 9 to 15 wut approved by the trustee5. and aUthori￿d for issu¢ on 3 June 2025 and sign¢d on their b¢haif by.. Karn( Eo Ms K N Roydon Chair aDd trustee The notes on pages l I to 15 forni an integta] part of these financial statements. Page 10 Gymnasts for Change International Notes to the Financial Statements for the Period from 12 January 2024 to 31 December 2024 I Cbarity status The Charity is a charitsble in¢otTKJrated corgani58t1o￿ incor￿[81¢d in England & Wales. gnd consequenily does not have sha￿ capita]. Ea¢h of the tsijstees is liable to contribut¢ an amount not exceeditL8 £Nil knwards the assets of the Charity in the event of liquid*ion. The address of its Tegist¢r¢d office is.. 1st Floor 105-11 l EustOD Street London NWI 2EW These financial siatements were authorised for issue by the trustees on 3 June 2025. 2 Accounting polities SurnrDary of signific￿t *teouDtinE policie5 and key ¥ccountiDg rstimates The principal accounting policie5 applied in the preparation of these financial statements ar¢ s¢t rjut below. These poILCLes have been consistently applied ￿ all th¢ y¢ars presentr& unle55 othcrwise $￿ed. Si#tement ofcompllano¢ The finan¢1￿ statements have been PTepaTed in a¢cothce AccouDting and Reporting by Charities.. Statement of Recommended Pra¢tice (applicable to charities preparing their accounts in accordance with the Financial Rcportsng Standard applicable in the UK and Republic of Ireland IFRS 1021) ILS5ued in October 2019)- ICh8rities SORP IFRS 10211, the Financial Rep)rting Stsndard appli¢abl¢ in the UK aDd Republic of Ireland (FRS 1021 and the Companies A¢1 2006. B4515 of preparation Gjinnasts for Change International meets the d¢finitiOrt of a public benefit entity under FRS 102. Ass¢t$ and liabilities are initially re¢ogni5ed at historical cost or traD5action value ut)1¢$5 otherwise Stated in the relevant accounting wlicy nolc5. Coing eoncern The trustees consider that there arc no m*erial un¢¢rraintie5 aErfJut the Chariws ability to continue as a going oncern nor any significant of UDcertaiW that affcct the carrying value of wets beld by the Clwity. Intome *nd endov/ments All income is recognised once the Charity Cntitlernent ￿ the itKome, it is probable that th¢ in¢ome will b¢ received and the amount of th¢ income receivable can be measur￿] Teliably. Pagell Gymnasts for Change International Notes to the Financial Ststements for the PerKMJ from 12 January 2024 to 31 December 2024 Grunts receivable Grants are recognised when th¢ Cbarity has an entitlemertt to the fund5 and any CODdition5 linked to the grants have been met. Where perforrnance conditions are attached to the grant and are yet to be me4 the income i5 recognised as liability and included on the balance 5hret as defened income kn be ￿lea￿a. Expenditure All expendihjff 1$ recognised once thete is a legal or con5tructiv¢ obligation to thai eXpendI￿re, it is probable s¢ttl¢m¢nt is required and th¢ amoLmt can be me&sured reliabty. All ¢osts are allo¢*ed to the applicable expenditure heading that aggregate similar wsts to th* category. Where costs cannot ￿ diredly anribut¢d to particular headings they have been allocated on a basi$ ¢on$isteni with the of resources. with ccntsA] stsff costs allocaied on the b&si5 of tirne 5penL and depreciation ¢harges allocated OD the portion of th¢ as5¢t'$ use. Other support costs are Ilocated b&sed OD the spread of staff costs. Cltarit*Jble adivitses Charitable expenditure compri5¢S tknse costs incurThA by the Charity in the delivery of its *tivitie$ and services for its beneficiaries. It includes both costs that be allocated directly to such activitie5 and th0￿ wsts of an indirect nature necessary to 5UPPOrt thcm. Gov*rnAttce tolts These include the costs attributable to the Cbarity'$ compliance with constitutional and statutory wuirements. includin8 audii strate8ic mana8emtnt and trustees meetings and reimburwj expense5. TaxAtion The Charity is COtsStder¢d to pass th¢ tests set out in Paragraph I Sdhcdul¢ 6 of the Finance Act 2010 and thereforr it meets the definition of a ¢haritsble company for UK corpor*ion purpx)ses. Accordingly, the Charity IS potentially exempt frorn laxation in re5PErt of inwm¢ or capits] gains received within c*egories covered by Ch8pler 3 Part I l of the Corporation Tax Act 2010 or s￿tion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such illcome or gains are applied ¢xclusively to chaTitsble purp)ses. Cash aDd Casb equi￿1¢￿ts Cash and cash equivalents comprise c&sh on hand and ca]1 deposits, and other short-lenn highly liquid inveS￿entS that are readily wnv¢rtibl¢ lo a amount of cash and are subject to an insignificant risk of chaoge iti valu¢. TTAde creditors Trade creditors are obligations to pay for gwds or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilTties if th¢ Charity doe5 not have an unconditional right. at the end of th¢ rrporting periol to defer settlement of the creditor for at l¢ast hvelve months after the reportin8 date. If there 15 an unconditiona] right to defer settlement for ￿ I￿1 twelve n￿nthS after the reporting date, they are presented as non4urrent liabiliues. Trade creditors are recognised inilially at the traDsxtion price and subsequently m¢Asur¢d at amortis￿ cost Using the effErtive interest method. Page 12 Gymnasts for Change International Notes to the Financial Statements for the Period from 12 January 2024 to 31 December 2024 3 Income from don%tioDS *Dd Itg*ei liestrictrd fwids Total 2024 GTants, including capital 8T8Dts" Grants from oth¢r organisatsoDS 245,520 245,520 245,520 245.520 4 Expenditure on eharitsbl¢ a¢ttvities uBdertxkeD S#l•ries #od suppwjrt Costs 2024 Con5ulthn¢y setvi¢es Survivor 5UPPOrt Awar¢nes5 rdi5in8 Staff training and developtDeDt Legal ¢xpeTbses softwa￿ and consumables oirice rent Geneta] expenses Telephone expenses Bank charges Entertainment Trnvel and subsistence Office administration Salaries 16,405 16.405 11.613 6.161 6.510 3.600 1.229 1,260 406 329 557 481 142 11.613 6.161 6,510 3.600 ,229 1,260 406 329 557 481 142 1,976 28.166 1.976 28,166 17,774 61.061 78,835 In addition to the expertditure an￿Ysed aFK>ve. there a]so governance costs of £1.020 wbi¢h Jrlat¢ directly to charitable activitie5. Set note 5 for further details. Pa8e 13 Gymnasts for Change InterD8tional Notes to the Financial Statements for the Peri(Ml from 12 January 2024 to 31 December 2024 5 Att*ly9is ofgovern*DC¢ •nd Support Governanct costs Rutricted funds Total fuods IDdependent examiner fees Exsmitiatioll of th¢ financial #atements 1.020 1,020 Tol*l for p¢riod ¢Dd¢d JI December 2024 .020 1,020 6 Stsff tosts The a￿egaTe payroll costs Mtre &8 follows: 2024 St*lTcosts during the period Ive￿. Wages and ￿]￿rieS Pension costs 27.560 606 28.166 No ernployee Teceived emoluments of more than £60.OiKI duritig the period 7 lThdeptDdeDt euJDine￿s remwieTxtioD 2024 Examination of the finan¢ial statements 1,020 Tix*tlott The Charity 1$ a register¢d ¢harity and is therekn ex￿Pt frnm taxation. 9 Cash cash equÉv*lents 2024 Cash at bank 168.823 Pag¢ 14 Gymnasts for Cbange International Notes to the FinaDcial Statements for the Period from 12 January 2024 to 31 December 2024 10 CreditOTS: #mounts l•lling dlle within one yur 2024 Trade ¢￿dItorS Other creditors Accruals 1.146 167 1.845 3,158 11 Funds Balante at 31 Detember Incoming Resourees pended 2024 Re5trieted funds 245,520 (79.855) 165.665 12 AnAlysis of net ￿ets l>etsveen funds Totsl funds At JI Dtteznber 2024 Restriet¢d fuDd5 Current assets Current liabilities 168.823 (3.l53} 168,823 (3.158 Tots] net &8sets 165,665 165.665 13 RelAted pirty trans•rtions During the period the Charity made the following related party lTrnsa¢tions: Karen NY4talie Roydon {Chiir and Trustee) Reimbur5erneDt of £36 tel¢pF¥)ne ¢xtthses paid persoDalty. At the balance she¢t date the arnowlt due tolfrom Karen Natalie Roydon was £Nil. Eloiye Jotischky ITn￿lee) Payment of £94 paid for exp¢Thsu in relation to content creation aThl £150 for travel expenses. At the balance slMt date tbe amount thie tolfmm Eloise Jotiscbky was £Nil. Page 15