Charfty r•gistration number NIC100784
NORTHERN IRELAND RHEUMATISM TRUST
ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

NORTHERN IRELAND RHEUMATISM TRUST
LEGAL AND ADMINISTrATIVE INFORMATION
DrGWht
DrA Taggart
Ms A QIHnn
Ms H Mca(eeman
DrACaims
DrA Bell
Dr E Ball
MrRKety
DrA PendSei(>n
Ms J MrJn4han
Charlty number
NIC1￿784
Princip*l addr•sB
Musgrdve Park Ho5￿1
BT9 7JB
Independent ex￿OI￿er
GMCG USBURN
40 Crescwrt Bu￿eSS Park
Lisburn
BT28 2GN
Bankw5
Ulster Bank LitYntEd
91193 Unrwerstsy Road
BT71NG

NORTHERN IRELAND RHEUMATISM TRUST
CONTENTS
14ge
Trustees, report
Independent examinerfs report
statement of finanual 8CtNiOes
Notes lo the firrdncial statements
7-11

NORTHERN IRELAND RHEUMATISM TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annu81 report and financ3al statements forthe year ended 31 December 2023.
The financial statements have been prepared n accordan￿ the accthnting PDfth set out in note I to the
flnan(iaS slatements and compty with the charitvs Twst Dee¢ the Charfties Ad INc*them Ireland) 2008 and
"A￿Ounting and Repofting by Chantos: Statement of Reojmmended Practtts applicab]e to charities preparing
their accounts Sn accordan￿ with the Fmafia￿ Reporting Standard applitsble in the UK and Republic of Ireland
(FRS 11Y2} (eltedive 1 January 2019)..
Objectives and activities
The dlarity's obje¢As indude air aspects of educatlon and training. for al medr¢al, nursing and allied health
professionals working in the fielo of rheumat￿ disease within Nt)rthem Ireland.
A¢tivrtte$ ¢arTied out by the oryantsation yjpports me¢)Ical, nursing and alted heath professionals Working in the
of rheumatology in NOrtt￿rn Irdand to attend training and educalional conferences to benchmaTk. networ
galn knovAedge, skffis and expertise tn the field of theumatolo9y. The organisation also uitically revtews and
funds appropriate research projects wilhin the fietd of rheumatology in Northern Ireland.
The trustees have paid due regard to guidan￿ issued by the Chariiy Comrnission in decading what activities the
charity should undertake.
Achièvements and perfomiance
The charity contlnues to support research and education arnngst heaIlh¢a￿ professionals YA)D are involved in
Ihe car8 of patlents wth rtievmalie disease wEthln Northern Ireland.
The chaTIty has been able to supportthe trafftlng of medical profesyon8ls duriig this year. through the genernus
funding recefved from Novarti5 and other dl￿Or5.
Financial review
The company had net expendllure ￿ the year of £8,146 (2022-£23,541). leaving unrestr¢*ed fvnds of £159,075
(2022 - £167221) and rethcted fund¥ of £9.238 (2022 - £9.238). The unrestrided funds are considered to be
essenti￿ to pmmde suffi¢ient fvnd$ lo r>)¥er any unforeseen costs may arise and fulAI legal oblig*ions of
the charfty in Ihe eventthat CUlTent leveLs of income are not maintsuied.
It is the policy of the tharity that unrestrided funds have not been designated for a spwfiG use should be
matntsÉn¢d at a level equivalerrt to be￿en three and six month's expertditure. The trustees C(￿S1der Ihat
reserves at thi* level ￿111 en$ure thaL In the event of a signffi(xnt drop In Ojnding. Ihey will be able to COn￿nYe the
charity's ￿rrent acliwties while consideration Is gr¥en to ways In addrttonal fimd$ may be faised. This level
Of reserves has been maintained throughoutthe year.
The tnjsiees have assessed the major risks to which the charity 1$ exposed, and are satisfied that Systems are
pla￿ to mitigate exposure to the majorrtsks.

NORTHERN IRELAND RHEUMATISM TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure. gavemance and managemerrt
The charity was estabtished by a ch*itable trust deed ¢)n 14 December 1991
The trustees who seNed during the year and up to the date of Signature of the financial statements were:
Dr G Wrtght
DrA Taggart
Ms A QL5inn
Ms H McKeeman
OrA c￿rn$
DrA Bell
Dr E Ball
Mr R Kelly
DrAPendleton
M$ J Monaghan
Dr S Roberts
(Resigned 13 Septsrnber 2023)
The trustees shall elecl from among their number the foflowng Honorary offi￿r$ in each year atthe annual
. general meets'ng: chaiM￿n. Honorary Sectetsry and Honorary Treasurer.
There 18 to be not less than three or more than trustees at any time.
Trustees are appointed at the doscretion of existing trust￿.
The trustees, rewt was approv&1 by the Boarf ofTrustee5.
Ms A Quinn
Trustee
i•.IE).2*

NORTHERN IRELAND RHEUMATISM TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NORThERN IRELAND RHEUMATISM TRUST
We report to the trustees on our examination olthe financAal stslemeTrts of Northem Irelarnl Rh￿mat$Srn Twst
(the charity) for the year ended 31 December 2023.
Responsibilities and basls ol report
As the charity's trustees you are reSp￿sINe for the preparation of the attourrts in accDrdance wtth the
Charities Ad (Nothern Ireland) 2008.
It is our responsbilty to-
examine the aecounts under section 65 of the Charities AL* (Northem Irefand) 2008:
follow Ihe proCedU￿S laid down in the general Directions given by the Charity Commission for Northem
IrelaThJ under sedion 65(9llbl of the Chathes Act and
. state whether particuTrar matter5 have come to our attenlion.
Basis of independent examlnerfs report
have exarrined your charty a¢¢ounts as required under selknn 65 of the Charlties A¢t and our
examination was carried out in aco)rdance wilh the general Directions gNen by the Charity Commission for
Northern Ireland under sedion 65(9)Ibl of the ChartiiesAE*
r examination induded a mryew of the ac(pLFn￿￿g rec￿dS kept by the tharity and a comparison of the
accounts pre5entsd vrith those reeord& 11 also induded LX)nwderatton of any unusual or dlsdosures
the accounts and seeking exptanations from you a5 dority trustees o)nceming any such Matters.
Our role ts to stste wthether any malerial matters have come to our attentoon giwng us cause to believe..
That accountin9 records were nol kept in accordan￿ wih 3e(l¢cffl $3 ofthe ChaTibesAct
That the a￿)Unts do not attoFd *ith those accounting records
Th*the accounts do not cwty wli h Ihe accountiry requirements ofthe Charitses Act
T￿￿t there isfurther intormation needed for a Fwper undef5tsnrfing ofthe accounts to be re8d)ed.

NORTHERN IRELAND RHEUMATISM TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF NORTHERN IRELAND RHEUMATISM TRUST
Independent examinerfs statement
We have completed our examination and have no cOn￿mS in respect of the matter511) to {41 listed above
and. in connection with following the Directions of the Charity Commission for Northem Ireland, we have found
no mattefs that require drawng to your attention.
&/Lq'(< Lis6
GMCG LISBURN
Century House
40 Crescent Business Park
Lisbum
BT28 2GN
Dated.. 17 October 2024

NORTHERN IRELAND RHEUMATtSM TRUST
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITUREAccouKr
FOR THE YEAR ENDED 31 DECEMBER 2023
UnrEstricted Restrictsd . Total Unrestricted Restricted
funds
funds
nds
funds
2023
2023
2022
2022
Total
2023
2022
Income from:
Oonabons and legathes
Investments
27.015
2.265
27.015
2,265
316
316
Total income
29,280
29.280
316
316
Expenditure on:
Charitable attivities
37.426
37,426
23.857
23.857
Total expenditu
37.426
37.426
23,857
23,857
Net expenditure and
movement in funds
(8.1461
(8,146)
P3,541)
(23.$41)
Reconclllation of fund5-
Fund balances at 1 January
2023
167221
9238
176.459
190.762
9.238
200.000
Fund balances at 31
December 2023
159.075
9.238
168,313
167.221
9.238
178,459
The ststement of finanual ac&vitEs indudes all gails and losses Tecognised in the year. AD Income and exPend￿are
erive from continuing athvibes.

NORTHERN IRELAND RHEUMATISM TRUST
STATEMEpif OF FINANCIAL posmoN
AS AT 31 DECEMBER 2023
2023
2022
Current assets
Debtors
Cash at bank and In hand
174,265
183.587
Creditors: amounts faffing due hithin
one year
174,620
183.587
(6.307)
Net ￿TreTht assets
(T.1281
168.313
176.459
Income funds
Restricted fvnds
un￿tricted fijnds
10
9.238
159.075
9,238
167.221
188.313
176,469
Ihe financial ststements were 8pprDved ty the Trustee¥. authorfsed for issue on ..li
dpeir behalf ty,
and signed on

NORTHERN IRELAND RHEUMATISM TRUST
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 DECEMBER 2023
Aeeounting poliel
Charity infornmion
Northern Ireland Rheumatism Trl￿ r5 an Unin￿rporated charity registererl wlth the Charity Commission in
Northem Ireland. The principal offi￿ is Department of Rheun*tsiogy. Musgr8ve Park Hospital, Stockmans
Lane, Belfast. BT9 7JB.
1.1 Ac¢ounting conventtb>n
The financial 5talements have lJeen prepared h accortsno v*th the th8riVs constitution. the Chartkne$ Act
2011 and "Aecounting and Reportrng by Gharittes.. St*ment of Reconrnended Practice applicabie to
thaTftles preparing thelr accounts in accordance with the Financpl Rewrting Stsndard applicable in the UK
and Repubfic of Irdand {FRS 102)- (as amended for accounting periods commencang from 1 January 2016).
The charity is a Pubbc Benefft Entity as dethied l)y FRS 101
The charity has taken advantsge of the pro¥islons in the SORP for charthe$ applwng FRS 102 Upd*e Bulletin
1 not to prepare a Ststement of Cash Frow&
The finanual statements are prepared ￿ sterfing. whic* is the furt￿lonal ￿trer¢cy of the charity. Monetary
amounts in these financial 5tstements are ro￿￿ed to the nearest £
The f￿ancial statements have been prepared under the histori¢21 cJ)st ¢onvention. The prinupal ac(xJunb"ng
poliues adopted are set out below.
1.2 Golng concern
At the time of approving the financl81 Statern￿ts, Ihe trjstees have a rea$0￿b￿ expÈctation that the charity
has adequate resour￿$ to continue In operational e￿Sten￿ for the foreseeablE futu￿. Thus the tnjstees
continue to adopt the going concem basss ofac¢ounting in p￿paring the finanual statement&
1.3 . Charitable funds
Unrestricted funds are a¥aUable for use at fhe (fiscretion of the trustses in fvrtherance of thelr charrtable
obi'ectrves.
Restrided )knds are subject to specafic cOn￿rt[onS by Ifonors or grantors as to how they may be used. The
puiposes and uses of the restric*ed fvnds are set out in the noles to the finanaal statements.
1.4 Incoming resources
Income is recognised the tharity is legalty entiued to it after ary perfOrn￿n￿ condilions have been met.
the amounts can be measured reliabty, and11 is pyobable that income vlll be receiveLI.
Cash donattons are recognised on recelpt. Other dMatx)ns are recognised t%￿@ the charTty has been notified
of the donation. vnless perfumpnce condilK)ns require ¢Jeferral of the amounL In￿me tax recoverable in
relatlon to donations received under GrftAid or deets of covenant is recogntsed at the ttme of the donation.
1.5 Resources expended
Expendrture is re¢ognised on an aCL￿la1 basls as a Itabffity is incurred.
Charitable expenditrJre comprises those costs inattred by the charity in the delNery of its activit￿$ arjd
services for its benefciaries. It indudes both costs that can be allo(3kd dirEcty to suth act￿￿eS and those
costs Df an ￿dIrect nature to support them.
1.6 Cash and cash equivalents
Cash and cash equ&valents indude cash in harml, deposits held at call with banks. other short4erm liquid
investments with original maturitTes of three months or less. and bank overdraft& Bank overdrafts are shown
within borrowtngs in current liabi15￿.es.

NORTHERN IRELAND RHEUMATISM TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting poljcles (Contlnued)
1.7 Financial instruments
The charity has etected to appty the provisions of Sedion 11 'Basic FinaTrrAal Instrurnents. and Se¢Xion 72
'ather financial Instnjments Issues, of FRS 102 to 015 of hs financaal inslruments.
F￿ancial Instruments are recognised in the tharit￿5 balance sheet v*hen the charity becomes party to the
contracknal provisions of the instrurnent
Flnanclal assets and r￿lI￿eS are offset, Wtth the net amounts preserrted in the financial statements. when
ffie￿ is a legalty enforJ2able rlgtrt to set off the recognised arnounts and there is an intsntion to setue on a net
basis or to realise the asset and setue the fiabity sinuifaneousty.
Basie fin¥neialassets
Basic finanrial assets. which inc]ude debtors and ¢ash and bank balances. are measured at
transaction price Triduding transadton ￿sts and are subsequenty canred at amortÈsed cost using the effective
interest n7ethod unless the a￿angernent consti￿teS a flnanc?ng transaetFon. where the transacticsn Is
measured at Ihe presem value of the tstu￿ dIS￿l￿tad at a market rate of interesL Flnaniial assets
dassffled as receivable within one yearare not amortised.
Basic finan¢Mlliabllities
Basic finan0￿ liabilibes, including Cre￿rt￿$ and bank loans are inibalty recogni5ed at transaction pri￿ unless
the arrangement t>nsbtutes a finan¢ing transarbon. wthere the debt insttument is meastsred at the present
value of the fuiuo payTftents discounted at a rna￿et rate of inlwesL Financtral 1sabrlitie$ da$srr￿ as payable
wthin onè year are not amorti5ed.
Debt w]struments are sut)5equenty canied at amthsed cos( using the effedive interest rate method.
Trade crerfitors are Ob￿gationS to pay for 9(*)d$ or services that have aequired in the ordinary course of
operations from supplie￿. Amounts payabk are dassified as currerrt rtabilibes rf payrnent is due ￿(n one
year or less. tf nrt they are presented as noTrcurrent liabaibes. Trade upd1t0￿ a￿ recA)gnised initi￿ty at
transaction pri￿ and subsequenty measured * amortised c05t using the effe¢tiv¢ interest rnethod.
D•recognltson of fInan¢￿1 liawfths
Finanual liabilities are dererxgnised when the thar1￿5 corrtraL#ual Ob￿gationS expl￿ CK are dis¢haryed or
can￿lled.
InC￿e from donatlons and legaeies
Unrestricted Unrestrl¢ted
funds
fund5
2023
2022
Oonations and grfts
27,015

NORTHERN IRELAND RHEUMATISM TRUST
NOTES TO THE FINANCIAL STATEMEKrs (copmNUEDJ
FOR THE YEAR ENDED 31 DECEMBER 2023
Ineome from investsnents
Unrestrlcted u￿r￿1￿ted
funds
funds
2023
2022
Interest recer¥ab
2,265
316
Expenditure on tharitable aclivitses
2023
Direct costs
Training
Goul Stsjdy
Bank Charges
Accountsncy
Sundry Expenses
2022
36,266
22.373
616
20
1.140
856
12
37.426
23.8YT
Anatysis by lund
Unreytrirted funds
37,426
23.857
Description of charflabl¢ activitses
Education, training, care and research ulto theumatic and arthrik disordeTr.
Trustees
DurTng the year ended 31 December2023 no pa￿nts were made to trustees ofthe charfty.
Taxation
The is exempt from tsxatim on fts activibe5 because all its in￿rne is ap￿led for charitsble pU￿ose5.
Debtors
Amounts falling due wlthin one year
2023
2022
Prepayrnents and a¢XTued income

NORTHERN IRELAND RHEUMATISM TRUST
NOTES TO THE FINANCIAL STATEMEprrs (copmNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
CredJtors: amounts faiNftg due vrfthln one ythr
2023
2022
Acuuals and defe￿ed income
6,307
7.128
10 Rostrieted fvnds
The restricted funds of the chaiity comprise the unexpthded balanps of donations and grants held on trust
subject to speufic ￿nditiOnS by donors as to howthvy rnty be used.
Movement
in fundg
Balanceat thcorn•g
8*ncè at
1 January 2023 rasourses 31 December
2023
Traning-AbbVie Lld
Training - Roche Products
TelemedÉrine-AbbVJe Ltd
Training- Novartrs Investment
1,970
866
5,832
570
1.970
866
5.832
570
9.238
9.238
Tralnln
-AbbVie Ltd
Funding received for training ts)urse on deveh)ping skills in rN$cuJoskeletal ultrasound.
Tralnln
Funding retsived ft>r Vasculibs meeting whith Roche Produlls sponso￿d.
Iclne-AbbVle Ltd
Funding received for IT equipment for seif-monitoring 4¥hich wjl benefft patientsl and or the NHS by
Improving technology and patient educaion.
TrainFn
- Novartls Investment
Funding received for training coutse on developing skius in muxuloskeletal utrasound emphasis on the
dlfferentiai diagnosis of muscuJoskeld* pathology and the practtaj use of uftrasound in diagnosl$.
treatment and monttoring ef pthnts vrilh rheumatsc dtsea8¢.
10-

NORTHERN IRELAND RHEUMATISM TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONllNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 UnrEstrictsd funds
The unrestritled funds of the thaiFty cornprise the tmexpended iHlances of donations and grants whth are
not subject lo specific eJJnditsons by donors and grantors Bs to how they may be used. These inctude
desi9nated fvnds whith have been set aside out of unrEstri¢te4J fvnds by the h￿lee5 for speofic purposes.
At l January
2023
Incoming
resourees
Resour
expended
At31
December
2023
General ftrnds
167.221
29,280
(37,426)
159.075
PrEViOUS year.
At 1 January
20
Incoming Resources
exp¢nded
At31
December
2022
General funds
190,762
318
(2&85n
167.221
12 Analysis of net ass•ts between funds
funds
2023
Total
funds
2023
At 31 Deeember 2023:
cu￿￿1 asseW(liab￿[tjes)
2023
159.075
9.238
168.313
159.075
9,238
168.313
Unrestricted Restricted
funds
funds
2022
2Q22
Total
At 31 December 2022..
Cutrerrt assetsioiabilibes)
2022
167,221
9,238
176.459
167,221
9,238
176.459