Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 No description of principal activity true 1 January 2025 31 December 2025 31 December 2025 03174880 Mr Julian Such Ms Joanne Barton Mrs Maureen Bonnington Mr Derek Mouland Ms Lauren Smith Mr Julian Such 1055462 true true true true true false Gymnastic School true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03174880 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-12-31 03174880 2024-12-31 03174880 2025-12-31 03174880 2025-01-01 2025-12-31 03174880 frs-core:CurrentFinancialInstruments 2025-12-31 03174880 frs-core:ComputerEquipment 2025-01-01 2025-12-31 03174880 frs-core:FurnitureFittings 2025-01-01 2025-12-31 03174880 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 03174880 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 03174880 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 03174880 frs-core:PlantMachinery 2025-12-31 03174880 frs-core:PlantMachinery 2025-01-01 2025-12-31 03174880 frs-core:PlantMachinery 2024-12-31 03174880 frs-core:WithinOneYear 2025-12-31 03174880 frs-char:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 03174880 frs-bus:FullAccounts 2025-01-01 2025-12-31 03174880 frs-bus:MediumEntities 2025-01-01 2025-12-31 03174880 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03174880 frs-bus:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03174880 frs-char:TotalUnrestrictedFunds frs-core:Non-currentFinancialInstruments 2025-12-31 03174880 frs-char:TotalUnrestrictedFunds 2024-12-31 03174880 frs-char:TotalUnrestrictedFunds 2025-12-31 03174880 frs-char:TotalUnrestrictedFunds 2025-01-01 2025-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2024-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2025-01-01 2025-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2025-12-31 03174880 frs-char:IndependentExaminationCharity 2025-01-01 2025-12-31 03174880 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 03174880 frs-countries:EnglandWales 2025-01-01 2025-12-31 03174880 frs-char:Trustee1 2025-01-01 2025-12-31 03174880 frs-char:Trustee2 2025-01-01 2025-12-31 03174880 frs-char:Trustee3 2025-01-01 2025-12-31 03174880 frs-char:Trustee4 2025-01-01 2025-12-31 03174880 frs-char:Trustee5 2025-01-01 2025-12-31 03174880 frs-char:Activity1 2025-01-01 2025-12-31 03174880 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2025-01-01 2025-12-31 03174880 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-12-31 03174880 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 03174880 2023-12-31 03174880 2024-12-31 03174880 2024-01-01 2024-12-31 03174880 frs-core:CurrentFinancialInstruments 2024-12-31 03174880 frs-core:Non-currentFinancialInstruments 2024-12-31 03174880 frs-core:WithinOneYear 2024-12-31 03174880 frs-char:TotalUnrestrictedFunds 2024-12-31 03174880 frs-char:TotalUnrestrictedFunds 2024-01-01 2024-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2023-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2024-01-01 2024-12-31 03174880 frs-char:UnrestrictedFundsGeneral 2024-12-31 03174880 frs-char:Activity1 2024-01-01 2024-12-31
Company registration number: 03174880
Charity registration number: 1055462
Portsmouth School Of Gymnastics
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
The Running Accountant Limited
2 Farmers Way Horndean
Waterlooville
Hampshire
PO8 9GY
Portsmouth School Of Gymnastics
Contents
Contents

| Page
--- | ---
Trustees' Report | 1—3
Independent Examiner's Report | 4
Statement of Financial Activities (including Income and Expenditure Account) | 5
Balance Sheet | 6—7
Notes to the Financial Statements | 8—13

Page 1
Portsmouth School Of Gymnastics
Company No. 03174880
Trustees' Report For The Year Ended 31 December 2025
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
The object and aim of the Charity is to advance the physical education and development of children attending schools and resident in the Portsmouth area and surrounding Counties by the provision of facilities and instruction in gymnastics.
Public Benefit
PSG is a specialized gymnastics facility for all children regardless of age, gender or ethnicity. All Trustees are required and sign that they have considered their responsibilities, by awareness of the published guidance on the public benefit requirement under the Charities Act 2011.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Financial Review
Reserves Policy
The reserve funds have improved on 2024 to £36K although this has improved in 2026 currently at 43K as members have increased again and there has been a small increase in fees. All such funding has been earmarked for use on new state of the art TeamGym equipment, leasehold improvements, and general repairs in the new facility.
Future Plans
Leasehold improvements and repairs continue to be a significant cost. PSG currently have an 8-year lease, and we will be negotiating an increase to 15 years but this hinges on our landlords' plans, particularly their development of a large site adjacent to their main offices. We have been advised a review of the lease will be discussed at our next catch-up meeting with the Landlord in July 2026
Reference and Administrative Details
Trustees
Ms Joanne Barton
Mrs Maureen Bonnington
Mr Derek Mouland
Ms Lauren Smith
Mr Julian Such
Company Secretary
Mr Julian Such
Charity Number
1055462
Page 1
Page 2
Portsmouth School Of Gymnastics
Trustees' Report (continued)
For The Year Ended 31 December 2025
Company Number
03174880
Principal Address
Unit 2 Marshlands Spur
Farlington
Portsmouth
PO6 1TL
Registered Office
50 Catisfield Road
Milton
Portsmouth
Hampshire
PO4 8NJ
Independent Examiner
Mark G Wilson FCCA Chartered Certified Accountant and Tax Consultant
The Running Accountant Limited
Chartered Certified Accountant and Tax Consultant
2 Farmers Way Horndean
Waterlooville
Hampshire
PO8 9GY
Page 2
Page 3
Portsmouth School Of Gymnastics
Trustees' Report (continued)
For The Year Ended 31 December 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Julian Such Trustee
3rd August 2026

Page 3
Page 4
Portsmouth School Of Gymnastics
Independent Examiner's Report to the Trustees of Portsmouth School Of Gymnastics
For The Year Ended 31 December 2025
Independent Examiner's Report to the Trustees of Portsmouth School Of Gymnastics
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark G Wilson FCCA Chartered Certified Accountant and Tax Consultant
3rd August 2026
2 Farmers Way Horndean
Waterlooville
Hampshire
PO8 9GY
Page 4
Page 5
Portsmouth School Of Gymnastics
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 December 2025
Statement of Financial Activities (including Income and Expenditure Account)

| 2025 | 2024
--- | --- | ---
| Unrestricted funds | Unrestricted funds
| Notes | £ | £
INCOME AND ENDOWMENTS FROM:
Donations and legacies | 3 | 7,500 | 5,000
Charitable activities: |
Gymnastic School |  | 526,467 | 505,856
Investments | 4 | 323 | 149
|  | 534,290 | 511,005
EXPENDITURE ON:
Charitable activities: | 6
Gymnastic School |  | (537,470 ) | (495,686 )
NET (EXPENDITURE)/INCOME |  | (3,180 ) | 15,319
NET MOVEMENT IN FUNDS |  | (3,180 ) | 15,319
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 314,296 | 298,977
TOTAL FUNDS CARRIED FORWARD | 16 | 311,116 | 314,296

The notes on pages 8 to 13 form part of these financial statements.
Page 5
Page 6
Portsmouth School Of Gymnastics
Balance Sheet
As At 31 December 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Unrestricted funds | Total funds
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 11 | 312,356 | 360,240
|  | 312,356 | 360,240
CURRENT ASSETS
Cash at bank and in hand |  | 38,570 | 25,229
|  | 38,570 | 25,229
Creditors: Amounts Falling Due Within One Year | 12 | (39,810 ) | (42,027 )
NET CURRENT ASSETS (LIABILITIES) |  | (1,240 ) | (16,798 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 311,116 | 343,442
Creditors: Amounts Falling Due After More Than One Year | 13 | - | (29,146 )
NET ASSETS |  | 311,116 | 314,296
FUNDS OF THE CHARITY
Unrestricted Funds |  | 311,116 | 314,296
TOTAL FUNDS | 16 | 311,116 | 314,296

Page 6
Page 7
Portsmouth School Of Gymnastics
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr Julian Such Trustee
3rd August 2026

The notes on pages 8 to 13 form part of these financial statements.
Page 7
Page 8
Portsmouth School Of Gymnastics
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Portsmouth School Of Gymnastics is a company limited by guarantee, incorporated in England & Wales, registered number 03174880 and registered charity number 1055462 . The registered office is 50 Catisfield Road, Milton, Portsmouth, Hampshire, PO4 8NJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of income can be measured with sufficient reliability.
2.3. Resources Expended
Expenditure is recognised on an accrual basis. Expenditure includes an VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | Over the term of the lease
Plant & Machinery | 10% Straight Line
Fixtures & Fittings | 10% Straight Line
Computer Equipment | 25% Reducing Balance

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charitable company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred.
Page 8
Page 9
Portsmouth School Of Gymnastics
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies

| 2025 | 2024
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Grants | 7,500 | 5,000

4. Investment Income

| 2025 | 2024
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Bank interest receivable | 323 | 149

5. Net Income/(Expenditure)
The net (expenditure)/income is stated after charging/(crediting):

| 2025 | 2024
--- | --- | ---
| £ | £
Depreciation of tangible fixed assets - owned | 56,776 | 58,610

6. Analysis of Expenditure

|  |  | 2025
--- | --- | --- | ---
| Activities undertaken directly | Support costs (see note 7 ) | Total
| £ | £ | £
Gymnastic School | 73,574 | 463,896 | 537,470

Page 9
Page 10
Portsmouth School Of Gymnastics
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

|  |  |  | 2024
--- | --- | --- | --- | ---
| Activities undertaken directly | Grant funding of activities | Support costs (see note 7 ) | Total
| £ | £ | £ | £
Gymnastic School | 89,967 | 5,000 | 400,719 | 495,686

7. Support Costs

| 2025
--- | ---
| Gymnastic School
| £
Employee costs | 276,731
Premises expenses | 94,803
General administration | 30,446
Depreciation | 56,776
Interest payable | 3,400
Governance costs | 1,740
| 463,896

| 2024
--- | ---
| Gymnastic School
| £
Employee costs | 242,500
Premises expenses | 64,264
General administration | 28,800
Depreciation | 58,610
Interest payable | 4,805
Governance costs | 1,740
| 400,719

8. Independent Examiner's Remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Independent examination of the financial statements | 1,740 |  | 1,740

Page 10
Page 11
Portsmouth School Of Gymnastics
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Staff Costs
Staff costs were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 274,678 |  | 241,210

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
10. Average Number of Employees
Average number of employees during the year was: 6 (2024: 5)
6 5
11. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 January 2025 | 323,473 | 196,435 | 519,908
Additions | 4,550 | 4,342 | 8,892
As at 31 December 2025 | 328,023 | 200,777 | 528,800
Depreciation
As at 1 January 2025 | 109,907 | 49,761 | 159,668
Provided during the period | 43,093 | 13,683 | 56,776
As at 31 December 2025 | 153,000 | 63,444 | 216,444
Net Book Value
As at 31 December 2025 | 175,023 | 137,333 | 312,356
As at 1 January 2025 | 213,566 | 146,674 | 360,240

12. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 13,116 |  | 3,497
Other loans | 7,000 |  | 24,048
Other creditors | 14,023 |  | 9,868
Taxation and social security | 4,971 |  | 3,914
Accruals and deferred income | 700 |  | 700
| 39,810 |  | 42,027

Page 11
Page 12
Portsmouth School Of Gymnastics
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
13. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 1,146
Other loans | - |  | 28,000
| - |  | 29,146

14. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Other loans | 7,000 |  | 24,048

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Other loans | - |  | 28,000

15. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 13,116 |  | 3,497
Less: Finance charges allocated to future periods | - |  | (1,146 )
| 13,116 |  | 4,643

16. Movement in Funds

| As at 1 January 2025 | Income | Expenditure | As at 31 December 2025
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 314,296 | 534,290 | (537,470 ) | 311,116
Total funds | 314,296 | 534,290 | (537,470 ) | 311,116

Page 12
Page 13
Portsmouth School Of Gymnastics
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

| As at 1 January 2024 | Income | Expenditure | As at 31 December 2024
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 298,977 | 511,005 | (495,686 ) | 314,296
Total funds | 298,977 | 511,005 | (495,686 ) | 314,296

17. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
18. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
19. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 13