Charity registration number NIC101831
Company registration number N1035533 (Northern Ireland)
SALTO GYMNASTIC CENTRE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THEYEAR ENDED 28 FEBRUARY 2024

SALTO GYMNASTIC CENTRE LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrs E Rutherford
Mr J Cunningham
Prof M Murphy
Mr A O'Reilly
Mr J O'Prey
M5 R Kells
Mr G Neill
Secretary
Ms A Mcmaster
Charity number
NIC101831
Company number
N1035533
Principal address
City of Lisburn National Gymnastic
Warren Park
Lisburn
BT28 1LVV
Registered office
City of Lisburn National Gymnastic
Warren Park
Lisburn
BT28 1 LW
Auditor
GMCG LISBURN
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Danske Bank
Falls Road Branch
155 Northumberland Slreel
Belfast
BT132JF
Solicitors
Millar Mccall Wylie
3rd Floor
Imperial House
4-10 Donegall Square East
Belfast
BT1 5HD

SALTO GYMNASTIC CENTRE LIMITED
CONTENTS
Page
Trustees report
Independent auditor's report
5-10
Statement of financial activities
11
Statement of financial position
12
Statement of cash flows
13
Notes to the financial statements
14-23

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2024
The trustees present their annual report and financial statements for the year ended 28 February 2024.
The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the company's Articles of Association, the Companies Act 2006 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102)" (effective 1 January 2019).
Objectives and activities
Salto's mission is to promote lifelong physical activity amongst people of all ages through gymnastics education.
The organisation provides a wide programme of activities giving the opportunity for all people regardless of
background to take part in gymnastics for health, fitness and technical expertise.
The benefits for all participants are broader Ihan learning skills and lechniqLJes. Salto Gymnastic Centre aims to
enhance physical literacy which can serve lo increase physical aclivily and reduce health concerns over child
Dbesity and fitness. Our activities and presence in the community can improve the quality of life and wellbeing for all
whether they are participants or spectators. In addition to mass participation in gymnastics, the Club ha5 added the
aspiration of delivering excellent performance of the elite gymna51.
Despite the pandemic we continued lo function as a charitable business where governmenl guidelines allowed us lo
fulfil our desire to provide benefrts to the public. Where applicable we continue to work with the community and our
stakeholders to excel to the highesl level possible given the difficult circumstances caused by the pandemic.
The trustees have paid due regard to guidance issued by ihe Charity Commission in deciding what activities the
company should undertake.
Achievements and performance
Reaching the Community
At Sallo our mission statement is "Gymnastics for all" and we strive to grow our membership by reaching oul to the
community by offering a variety of gymnaslics as follows:
Pre-school and recreation
Pre-school and recreational structured gymnastic5 classes are available from Monday lo Saturday and we have
circa 1,000 members each week attending Ihese classes.
During the year we hosted our first recreational competitlDn based on the British Gymnastics Rise framework. This
was a huge success as the gymnasts had great fun and parents were delighted to be able to watch their children
showcase their gymnastics.
Our Recreation Summer scheme was very popular again as il was fully booked for the entire summer. The Summer
Scheme is open to non-BG members as well as our members and a number signed up for the new term which
commenced in September 2023.
Our Parent Assisted Class for pre-school children was well attended throughout the year. This is a partially
structured class l&d by our coaches and allows the parents to supervise their own child during the session. The
Parent Assisted class is like a bridge between the Toddler Soft play sessions and the recreation classes with the
idea in mind of children transferring lo the Recreation Programme when eligible.
Inclusive
We inlroduced a recreation class on Saturday afternoon predominantly for childrèn wilh l&arning disabilities" as
parents are more open about ADHD, Autism etc, and recognise that gymnastics is a good source of providing
discipline and improving social skills in addition lo the physical. mental and health benefits which come with
gymnastics.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Schools
We provide gymnastic lessons for 12 different local schools who attend our facility on a weekly basis to participate
in structured gymnastics classes to fulfil their national curriculum activities. This provides an opportunity to introduce
many children to the sport of gymnastics. It Is also a means of talent spotting.
Toddlers Soft Play
Our very popular Toddler Soft Play sessions were well attended. The Toddler Soft Play is an important part of
Salto's development. Not only do the sessions provide a steady flow of income but they also introduce toddlers to
gymnastics at a very young age, with the potential of remaining in the sport by becoming members of our
Recreation Programme and on some occasions our Performance Squad Programme.
Adult Gymnastics
Our adutt gymnaslic class is still very popular, and numbers increased during this financial year.
During the year our Adult class was regularly used by gymnasts from other clubs to help them prepare for the Adult
British Championships. We hosted our first Adult Competition this year inviting gymnasts from the whole of Ireland
to compete. We received tremendous feedback which has encouraged us to make this an annual event.
Squads
Our squads offer a performance pathway for boys and girls from age 5 upwards. During the year we formed new
Foundation Squads following a talent identification day. Our squad gymnasts are given the opportunity to potentially
reach international level through the squad structure we have in place. With a long history of international
successes, our squad programme is always in demand. We have over 90 gymnasls, male and female, on our
performance pathway.
other community benefits
Our Young Leadership Academy is slill going strong with volunteers of age 14 upwards. Our experien￿d coaches
provide mentoring for these young volunteers with the view that someday they will become qualified coaches and
join our workfor￿.
We held an In-house Women's Artistic competition, the 'Tony Byme Invilational" inviting several Northern Ireland
clubs to participate. The number of participants doubled from the previous year and reached capacity.
Performance
Salto is recognised as the National Centre of Excèllence in Northern Ireland and during the year our elite gymnast
Ewan McAteer represented Ireland al fwo World CLtps and his best performance was in Cairo where he placed 17th
Eve McGibbon was selected to represent Ireland at an International in Oslo achieving a personal best all-around
score.
Our head coach lo the men's squad programme lefi during the year which had a significant impact on the
development of our elite boys as tt took eight months to recruil a new head coach due to a long delay in the UK Visa
application procèss.
Achievements
Our head coach to the women's èlite squad programme, David Carleton won Sport Nl Performance Pathway Coach
of the Year. This was a fantastic achievement by David as this is an award incorporating all sports throughout
Northern Ireland.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Our workforce during the year consisted of 20 staff of which 6 are full-time and 14 part-lime. We are a club wilh a
strong belief in staff education and provide financial assistance to encourage where possible, staff lo develop their
coaching skills and obtain coaching qualifications. During the year we had four coaches pass Level 1. three pass
level 2 and one pass level 3 coaching qualifications.
Local con7munity connections
We are thankful to Li5burn and Castlereagh City Council and Sport Nl for their continuous support and of course our
members who have been very supportive.
We are especially grateful to our president Lady Mary Peters for her unconditional sUPPOrt.
Financial review
The results for the period are as set out on pages 11 to 23. The charity returned nel outgoing resources of £20,365
(2023 - net incoming resources of £16,326). At 28 February 2024 the balance of reserves was £1,298,48712023 -
£1,318,852).
It is the policy of the company that unreslricted funds which have not been designaled for a specific use should be
maintained at a level equivalent lo be￿een three and six month's expendTture. The trustees consider that reserves
al Ihis level will ensure that, in the event of a significant drop in funding, they will be able to continue the company's
current activities while consideration is given to ways in which additional funds may be raised. Thi5 level of reserves
has been maintained throughout the year.
Structure, governance and management
Salto Gymnastics Club is a charity limited by guarantee, incorporated on 2 February 1999 and ac￿pted as a charity
by the Inland Revenue from that date and by the Northern Ireland Charities Commission from 2015.
The Irustees, who are also Ihe directors for the purpose of company law, and who served during the year and up to
the dale of signature of the f5n8ncial statements were..
Mrs E Rutherford
Mr J Cunningham
Prof M Murphy
Mr A O'Reilly
Mr J O'Prey
Ms R Kells
Mr G Neill
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the evenl of a winding up.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Statement of trustees responsibilities
The trustees, who are also the directors of Salto Gymnastic Cenlre Limited for the purpose of company law, are
responsible for preparing thè Trustees Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statèments for each financial year which give a true and fair
view of the slate of affairs of the company and of the incoming resources and application of resources. including the
income and expenditure, ofthe charitable company for that year.
In preparing these financial statements, the trustees are requirèd to..
select suitable accounting policies and Ihen apply them consistently.
observe the methods and principles in the Charities SORP 2019 IFRS 102).
makejudgements and estimates that are reasonable and prudent-,
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements. and
prepare the financial statements on Ihe going concern basis unless it is inappropriate to presume that the
company will continue in operation.
The Iruslees are responsible for keèping adequate accounting records that disclose with reasonable accuracy al
any time thè financial position of the company and enable them to ensure that the financial statements comply with
the Companies AGt 2006. They are also responsible for safeguarding the assets of the Gompany and hence for
tsking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolution proposing that GMCG LISBURN be reappointed as auditor
ofthe company will be pul at a General Meeting.
Disclosure of infomiation to auditor
Each of the truslees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such informalion.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies, exemptions.
The trustees report was approved by the Board of Trustees.
MSA
cmaster
Charity Secretary
Date=

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Opinion
We have audited the financial slatements of Sallo Gymnastic Centre Limited (the 'company') for the year ended 28
February 2024 which Gomprise the statement of financial activities, the slatement of financial position, the statement
of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 Th8 Financial Reporting Standard applioable in the UK and Republic of
Ireland (United Kingdom Generally Accepied Accounting Practice).
In our opinion, the financial slatement5'.
give a true and fair view of the stale of the charitable Gompany's affairs as 8128 Febru3ry 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice..
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant lo our audit of thè financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
Ihal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of
accounting in the preparation of Ihe financial statements is appropriate.
Based on the work we have performed, we have not identified any malerial uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going
concern for a period of al least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of Ihe trustees with respect lo going concern are described in the
relevant sections of this report.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Other information
The other information Gomprises the information included in the annual report other than the financial statements
and our auditols report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and. except to the extent
otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether Ihe other information is materially
inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on thp work we have perfomed, we conclude that Ihere is a material misstatement Df this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the informalion given in the trustees report for the financial year for which the financial statemènls are
prepared, which includes the direGtors' report prepared for the purposes of company law, is consistent with the
financial statements., and
thé directors, report included within the trustees report has been prepared in accordan￿ with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the
audit, we have not identified material misstatements in the direclors, report included within the trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion-
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial ststements arè not in agreement with the accounting records and returns., or
rtain disclosures of Irustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit., or
the trustees were not enlitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the trustees report and from the
requirement to prepare a strategic report.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED}
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Responsibilities of trustees
As explained tnore fully in the statement of trustees responsibililies, the trustees, who are also the directors of the
company for the purpose of company law, are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair vièw, and for such internal control as the trustees delermine is
necessary lo enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company'5
ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations. or have no realistic alternative bul to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit Conducted in accordance
with ISAS IUKI will always delecl a material misslalement when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design procedures in
line with our responsibilities. outlined above, to detect material misstatements in respect of irregLJlarilies, including
fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud, is detailed below.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Extentto which the auditwas considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstalement of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and
non-compliances with laws and regulations, we considered the following..
The nature of the industry and sector. control environment and business performance, including the
company's remuneration policies for directors, bonus levels and performance targets, if any-
Results of our enquiries of management aboLrt their own identification and assessment of the risks of
irregularities.,
Any matters we identified having obtained and reviewed the company's documentation of their policies and
prooedures relating to:
Identifying, evaluating and complying with laws and regulations and whether they were aware of
any instance of non-compliance.,
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud- and
The intemal controls established to mitigate risks of fraud or non-compliance with laws and
regulations-
The matters disGussed among thè audit engagement team regarding how and where fraud might occur in
the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the company
for fraud and identified the greatest Potential for fraud in income recognition. In common with all audits under ISAS
(UK), we are also required to perform specific procedurès to respond to thè risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing
on provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial slatements. The key laws and regulations we considered in Ihis conlext included the
Companies Act 2006, and local tax legislation.
In addition. we considered provisions of othèr laws and regulations that do nol have a direct effect on the financial
statements but compliance with which may be fundamental lo the company's ability to operate or to avoid a malerial
penalty.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Audit response to risks identified
Our procedures to respond lo Ihe risks identified included the following..
Reviewing the financial statement disclosures and testing lo supporting documenlalion lo assess
compliance wilh provisions of relevant laws and regulations described as having a direct effect on the
financi31 slatemenls.,
Enquiring of management concerning actual and potential litigation and claims-,
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misslalement due to fraud.,
Reading minutes of meetings of those charged with governance and reviewing correspondence with tax
authorities", and
In addressing the risk of fraud through managemenl override of controls, testing the appropriateness of
journal entries and other adjustments.. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias.. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the
audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though wè have properly planned and performed our audit
in accordance with auditing standards. In addition, as with any audit. there remains a higher risk of non-deleclion of
irregularilies, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal controls. We are not responsible for preventing non-compliance and cannot be expected lo delecl nDn-
Gompliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklaudilor5responsibilities. This description forms part of our auditor's report.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Use of our report
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Qur audit work has been undertaken so that we might state to the charilable company's
members those matters we are required to state to them in an auditols report and for no other purpose. To the
fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body. for our audit work. for this report, or for the opinions we
have fomied.
Mr Stephen Houston FCA (Senior Statutory Auditor)
for and on behalf of GMCG LISBURN
Chartered Accountants
statutory Auditor
Cènlury House
40 Crescent Business Park
Lisburn
BT28 2GN
10

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2024
Unrestrictsd
funds
2024
Unrestricted
funds
2023
Notes
Income and endowments from:
Donations and legacies
Charitable aclivilies
Other trading activities
Investments
Other income
2.196
459,356
26,861
3,469
5,200
5,500
445,573
40,147
219
20,012
Total income
497,082
511,451
Expenditure on:
Raising funds
Charitable activities
Promotion of lifelong physical activity through gymnastics
15,611
18,261
501,836
476,864
Total expenditure
517,447
495,125
Net incomel{expenditurel and movement in funds
120,3651
16,326
Reconciliation of funds:
Fund balances al 1 March 2023
1.318,852
1,302,526
Fund balances at 28 February 2024
1,298,487
1,318,852
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024
2024
2023
Notes
Fixed assets
Tangible assets
15
960,450
987,042
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
5,129
10,501
343,314
2,451
11.915
326.160
358,944
340.526
Creditors: amounts falling due within
one year
18
(20,907)
(8,716)
Net current assets
338.037
331,810
Totsl assets less current liabilities
1,298,487
1,318,852
Income funds
Unrestricted funds
Designated funds
General unrestricted funds
20
20
15,000
1,283,487
17,000
1,301.852
1.298,487
1,318,852
1.298,487
1,318,852
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were authorised and approved by the trustees and authorised for issue on
and signed on its behalf by=
MrA O'Reilly
Trustee
Trustee
Company registration number N1035533
12-

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
23
44,667
94,486
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
132,066)
(130,2841
1,084
3,469
15,500
219
Net Cash used in investing activities
127,5131
1114,565)
Net cash used in financing activities
Net increaselldecrease) in cash and cash
equivalents
17,154
(20,079)
Cash and cash equivalents at béginning of year
326.160
346,239
Cash and cash equivalents at end of year
343,314
326,160
13

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
Accounting policies
Charity information
Salto Gymnastic Centre Limited is a private company limited by guarantee incorporated in Northern Ireland.
The registered Offi￿ is City of Lisburn National Gymnastic, Warren Park, Lisburn, BT28 1LW.
1.1 Accounting convention
The financial statements have been prepared in accordance with the company's Memorandum and Articles of
Association,
the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of
Recommendèd 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)" The
company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in slerling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the hi51orical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the
company has adequate reSoUr￿S to continue in operational existencè for the foreseeable fLrture. Thus the
trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unreslricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
1.4 Income
Income is recognised when Ihe company is legally entitled to it after any performancè conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the company has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable
in relation to donations receivèd under Gifi Aid or deeds of covenant is recognised at the time of the donation.
Interèst on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity., this is normally upon notification of the interesi paid or payable by the bank.
1.5 Expenditure
All expenditure is accounled for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, tt is probable that the settlement will be required and the amount of the
obligation can be measured reliably. 11 is categorised under one of the following headings.. Costs of raising
funds, Expenditure on charitable aclivities and Other expenditure.
Irrecoverable VAT is charged as an expense againsl the activity for which expenditure arose.
Support costs are those that assist the work of the charity but do not directly represent charitable activtties
and inGlude finance costs and governance costs. They are incurred directly in support of expenditure on the
objects of the charity and include project management carried out at th& office. Payroll costs, finance costs
and governan￿ costs are allocated to charitable activities based on usage. The allocation of the support
sts is analysed in note 9.
14-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Accounting policies {Continuedl
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured al cost or valualion, nel of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
Plant and equipmenl
Fixtures and fittings
20 % straight line
20 /0 reducing balance
15 /0 reducing balance
The gain or loss arising on the disposal of an assel is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Stocks
Stocks are stated al the lower of cost and net realisable value.
Net realisable value is the estimated selling price less all estimated costs of completion and costs lo be
incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, Other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 1 Q2 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractu31 provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a nel
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried 81 amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rate of interest. Financial asset5
classified as receivable within one year are not amortised.
15-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Accounting poli¢ies (Continued)
Basic financial liabilities
Basic financial liabiltties, including creditors and bank loans are initially recognised al transaction price unless
the arrangemenl constitutes a financing transaction. where the debt instrument is measured al the present
value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabiliti&s if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecogni5ed when the company's contractual obligations expire or are discharged or
ancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediatèly as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the applicalion of the company's accounting policies, th& truslees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities Ihat are not readily apparenl
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affècls only that
pèriod, or in the period of the revision and future periods where Ihe revision affects both current and future
pèriods.
Key sources of estimation uncertainty
Fixed assets
The annual depreciation charge on fLxed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these assels lives and change them as
necessary to rellect current thinking on remaining lives in light of prospective economic utilisation and physical
condition of the assets concerned. Changes in assets lives can have a significant impact on depreciation
charges for thè period. Detsil of the useful lives is included in the accounting policies.
Restricted and unrestricted funds
Judgements are made in relation lo allocation of income and expenditure to restricted and unrestricted funds.
The directors consider it appropriate lo allocate these funds based on interpretation of donations received.
16

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Grants re￿1vable for core activities
2,196
5.500
Grants receivable for core activities
Lisburn & Castlereagh City Council
Macron
2,196
3,000
2,500
2,196
5,500
Income from Gharitable activities
Unrestricted
funds
2024
Unrestricted
funds
2023
Fees & subscriptions
Competition income
447,701
11,655
436,311
9,262
459,356
445,573
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Vending & Fundraising Income
Shop & Merchandise Income
Accommodation Income
Gift Aid Receipts
4,118
12,396
4,679
5,668
8,935
11,714
9,072
10,426
Other trading activilies
26,861
40,147
17-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
3,469
219
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Nel gain on disposal of tangible fixed assets
Insurance Claims Receivable
267
4,933
10,594
9,418
5,200
20,012
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Trading costs
Shop costs
15.611
18.261
18

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Charitsble activities
Promotion of lifelong physical activity through gymnastics
2024
2023
staff costs
Depreoialion and impairment
Rates & water charges
Lighl & heal
Repairs & maintenance
Insurance
Travel & competition fees
Legal & professional fees
Telephone
Stationery & sundry expenses
314,246
57,841
7,740
32,836
23,973
11.078
17.814
2,473
1,312
8,443
320,594
59,542
1,105
20,363
13,402
11,077
16,789
1,230
1,018
7,335
477,756
452,455
Share of support costs (see note 10)
Share of governance costs (see note 101
20,780
3,300
21,409
3,000
501,836
476,864
10 Supportcosts
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
Development & Admin
wages and training
Bank Charges
3,763
17,017
3,763
17,017
5,311
16,098
5,311
16,098
Audit & accountancy fees
3,300
3,300
3.000
3,000
20,780
3,300
24,080
21,409
3,000
24,409
Analysed belween
Charitable activities
20.780
3.300
24,080
21,409
3,000
24,409
Governance costs includes payments lo the auditors of £3,15012023- £3,000) for audit fees.
19

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
11 Net movement in funds
2024
2023
The net movemenl in funds is stated after chargingl(crediling)-
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
3.300
57.841
1267)
3,000
59,542
(10,594)
12 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
company during the year.
13 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Coaching Staff
Admin & Development Staff
20
21
Total
22
23
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
291.357
11,753
11,136
300,187
11,845
8,562
314,246
320.594
The chartty considers its key management personnel to comprise of the Board of Directors. the Chief
Executive. the office manager, the recreation manager. the head of the MAG squad and the head of the WAG
squad. The total employment benefits including employer pension contribLrtions of the key management
personnel were £121,79212023 - £140,297).
There were no employees whose annual remuneration was more than £60.000.
14 Taxation
The charity is exempt from taxation on its aclivilies because all its income is applied for charitable purposes.
-20-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
15 Tangible fixed assets
Freehold land
and bulldings
Plant and Fixtures and
equlpment
flttings
Total
Cost
At 1 March 2023
Additions
Disposals
1,217,069
320,681
20,191
111,562 1,649,312
11,875
32,066
12,808)
12,808)
At 28 February 2024
1.217,069
340.872
120,629 1,678,570
Depreciation and impairment
At 1 March 2023
Deprecialion charged in the year
Eliminated in respect of disposals
388,893
24,341
238,212
20,532
35,165
12,968
11.991)
662,270
57,841
(1,991)
At 28 February 2024
413,234
258,744
46,142
718,120
Carrying amount
At 28 February 2024
803,835
82,128
74,487
960,450
At 28 February 2023
828,177
82,468
76,397
987,042
16 Stocks
2024
2023
Raw materials and consumables
5,129
2,451
17 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
6,891
3,610
8,727
3,188
10,501
11,915
18 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
Accruals and deferred income
4,385
2,240
14,282
1821)
2,181
7,356
20,907
8,716
21

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
19 Retirernent benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
11,136
8,562
The company operates a defined contribution pension scheme for all qualifying employees. The asset5 of the
schème are held separately from those of the company in an independently administered fund.
20 Unrestricted funds
The unrestricted fvnds oflhe charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestriGted funds by the trustees for specific purposes.
At 1 March
2023
Incoming
sources
Resources
expended
Transfers
At28
February 2024
Gym repairs and maintenance
General funds
17.000
1.301,852
{17,000)
1500,447)
15,000
115,000)
15,000
1,283,487
497,082
1,318,852
497,082
1517,44n
1,298,487
Previous year:
At 1 March
2022
Incoming
resources
Resources
expended
Transfers
At28
February 2023
Gym repairs and mantenance
General funds
17,000
494,451
17,000
1,301,852
1,302,526
(495,125)
1,302,526
511.451
(495,125)
1.318,852
The board has agreed to designate the above funds for roof repairs that are required for the gym.
21 Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitmenls for future minimum lease payménts
under non-cancellable operating leases, which fall due as follows=
2024
2023
Within one year
Bemeen and five years
749
1,498
749
2,246
2,247
2,995

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
22 Related party transactions
There were no disclosable related party transactions during the year12023 none).
23 Cash generated from operations
2024
2023
IDeficit)Isurplus for the year
(20,3651
16,326
Adjustments for..
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
(3,4691
12671
57,841
(219)
(10,5941
59,542
Movements in working capital..
Ilncreasel in slocks
Decrease in debtors
Increaselldecrea5el in creditors
{2,678)
1,414
12,191
{1,4511
32,663
{1,7811
Cash generated from operations
44.667
94,486
24 Analysis of changes in net funds
The company had no material debt during the year.
-23-