Charity registration number NIC101831 (Northern Ireland)
Company registration number N1035533
SALTO GYMNASTIC CENTRE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

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
Ms R Kells
Mr G Neill
Secretary
Ms A Mcmaster
Charity number (Northern Ireland)
NIC101831
Company number
N1035533
Principal address
City of Lisburn National Gymnastic
Warren Park
Lisburn
BT28 1 LW
Registered office
City of Lisburn National Gymnastic
Warren Park
Lisburn
BT28 1 LW
Auditor
GMCG LISBURN
Century House
40 Crescent Business Park
LisbLJrn
BT28 2GN
Bankers
Danske Bank
Falls Road Branch
155 Northumberland Street
Belfast
BT132JF
Solicitors
Millar Mccall Wylie
3rd Floor
The Printworks
35-39 Queen Street
Belfast
BT16EA

SALTO GYMNASTIC CENTRE LIMITED
CONTENTS
Page
Trustees report
Independent audilorfs report
6-11
statement of financial activtties
12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15-24

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Thè Iru5tees present Ihèir annual report and financial statements for the year ended 28 February 2025.
The financial slatemenls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply WTth the company's Articles of Association, Ihe Companies Act 2006 and
"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).
Objectives and activities
Sallo's mission is to promote lifelong physical activity amongst people of all ages through gymnastics educalion.
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 than learning skills and techniques. Salto Gymnastic Centre aims to
enhance physical literacy which can serve to increase physical activity and reduce health concerns over child
obesity 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 lo mass participation in gymnastics, the Club has added the
aspiration of delivèring excellent performance of the elite gymnast.
Despite the pandemic we continued to function as a charitable business where government guidelines allowed us lo
fulfil our desire lo provide benefits lo the public. Where applicable we continue to work with the community and our
stakeholders to excel lo the highest level possible given the difficult circumstanc&s caused by the pandemic.
The Iruslees have paid due regard to guidance issued by the Charity Commission in deciding whal activities the
company should undertake.
A¢hievements and performance
Re8ohing the Community
At Sallo our mission statement Is "Gymnastics for all" and we strive to grow our membership by reaching out lo the
ommunity by offering a variety of gymnastics as follows..
Pre-school and ￿Great10￿
Pre-school (age 341 and recreational (age 4-12} structured gymnastics classes are available from Monday lo
Saturday and we had circa 950 member5 during the financial year.
In September 2024 we introduced our own awards scheme. We believed there was a need for children to be
rewarded for their hard work, dedication and effort spent developing their gymnastics. This awards programme
focuses on boosting the confidence of our members and helping them feel a sense of pride in their
achievements. Our Awards Scheme is open to all our members and will form the content taught in our classes,
enabling the gymnasts lo develop their gymnaslics skills. The awards go from Level 1 to Level 9 followed by
Bronze, Silver and Gold. When a gymnast successfully passes the award a certificate and medal can be presented
lo them during their class. Not only does the awards scheme monitor the gymnasts progress, il also enables us lo
grade them based on their ability and offer an alternative class to enhance their performance and development.
With the award scheme and class structure, we are aiming lo provide each child with a gymnastics journey and
along the way challenge thern al every level and provide a pathway to learning advanced level skills in a safe
environment.
We hosted a recreational competition part way through the year which was a huge success with circa 100
competitor5. The gymnasts were delighted lo showcase their gymnastics in front of an audience.
Our Recreation Summer scheme was well attended with all weeks full except the first week of July 2024. The
Summer Scheme is open lo non-BG members as well as our members and a number signed up for the new term
which commenced in September 2024.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Inclusive
Our Saturday 12 noon class which is our "quiet. class for neurodivergent children is becoming increasingly popular
and now has a waiting list. Parents are more inclined to seek a diagnosis for their child and find ways to enhance
their development. Parents understand that neurodivergent children can greatly benefrt from participation in sport
due to the physical activity, experiencing improvements in physical health, social skills, emotional regulation, and
even cognitive function.
Schools
We provide gymnastic lessons for 12 dlfferent local schools who attend our faality on a weekly basis to participate
in structured gymnastics classes to fu]fil their national curriculum activities. This provides an opportunity to introduce
many Ghildren to the sport of gymnastics. It is also a means of talent spotting.
We provided training to the teachers at a local primary school to help improve their Confiden￿ while teaching
gymnastics to the pupils being a requirement of the school's curriculum.
Toddlers Soft Play
Our unstruotured 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
Rècreation Programme and on some occasions our Performance Squad Programme. Gymnastics for toddlers
focuses on building confidence and training and developing motor skills in young children.
Adult Gymnastics
Our adult gymnastic class has been hugely popular this year with attendees of belween 30 and 40 al each class.
We hosted an Adult competition which attracted participants from around Ireland and is now an annual event duè to
demand.
Squads
Our squads offer a performance pathway for boys and girls from age 5 upwards. During the year we visited ten
different local primary schools in search of talented 5-6-year-olds to join our Foundation Squad. Our squad
gymnasts are given thè opportunity to potentially reach intemational level through the squad structure we have in
place. Wilh a long history of intemational suc￿Sses. our squad programme is always in demand. We have over 90
gymnasts, male and female, on our perfomiance pathway.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Other community benefits
We held our annual Women's Artistic competition the "Tony Byrne Invitational" (named after the founder of Sallo
Gymnastics Club). This competition attracted circa 120 competitors from around Ihe UK and Ireland the large51
number of competitors since the competition began 3 years ago.
We hosted British Gymnastics Annual two-day Coaching Conference led by top quality speakers from the UK. A
total of 50 coaches attended.
Performance
Salto is recognised as the National Centre of Excellence in Northern Ireland and during the year our elile gymnast
Eeffie Montgomery qualified for the British Junior Championships - the first gymnast from Salto and Nl in over 12
years to qualify. Eve McGibbon represented Ireland al the Unni and Harold's Trophy event in Oslo finishing fourth
place on vault and 6th place on floor. Three Salto gymnasts were part of the Nl Team who competed in the
Caledonian Cup - Farah Cousins placed third on Bars and Poppy E￿ood 5th on Beam. Soley Lavety represented
Nl al the British Gymnastics Excel 2 National Finals placing 15th all around and 9th on floor. Six Salto gymnasts
competed in the Northern European Championships - Eve helped team Ireland place first in the team competition
and came fourth on beam.
Achievements
Our workforce during the year consisted of 20 staff of which 10 are full-time and 10 part-lime. We are a club with
strong belief in staff education and provide financial assistance to encourage where possible, staff to develop their
coaching skills and obtain coaching qualifications. During the year we had four achieve their Men's Artistic Level 2
qualification, three Level 1 qualification. five Women's Artistic level 2 qualification and Level 3 qualification.
We had a staff training away day whereby topics included coaching neurodivergent children, p0511ive coaching,
CPR and first Aid.
Several Salto coaches were acknowledged by Northern Ireland Gymnastics for their achievements during the year,
namely Olga Flederiene (Participation coach), Gina Popa-Dickson (Services to gymnastics}, Ella McGurnaghan
(Volunteer of the year) and Oscar Hall Cloung coach of the yearl.
Local community connections
We are thankful to Lisburn and Casllereagh City Council and Sport Nl for their continuous support and of course our
members who have been very supportive.
We are especially grateful lo our president Lady Mary Peters for her unconditional support.
Finan¢ial review
The results for the period are a5 set out on pages 12 10 24. The charity returned net incoming resources of £18,115
{2024 - net outgoing resources of £20,365). Al 28 February 2025 the balance of reserves was £1,316,602 (2024
£1,298,487).
11 is the policy of the company that unrestricted fur)ds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the company's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
structure, governance and management
Salto Gymnastics Club is a charity limited by guarantee, incorporaled on 2 February 1999 and a¢￿pIed as a charity
by the Inland Revenue from that date and by the Northern Ireland Charities Commission from 2015.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial 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 Ihe company and
guaranlee to contribute £1 in the event of a winding up.
ststement 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 the Trustees Report and the financial ststements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practi￿).
Company Law requires the trustees to prepare financial ststements for each financial year which give a true and fair
view of the state of affairs of the company and of the incoming resources and application of resources, including the
ncome and expenditure, of the charitable Gompany for that year.
In preparing these financial statements, the trustees are required to-.
select suitable aGcounting policies and then apply them consistently-
observe the method5 and principles in the Charities SORP 2019 (FRS 1021-
make judgements and estimates that are reasonable and prudent-,
state whether applicable UK Accounting Standards have been followed, subject lo any material departures
disclosed and explained in the financial 5talemenls-, and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the Company and enable them to ensure that Ihe financial statements comply with
the Companies Act 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 aocordance with the company's articles, a resolution proposing that GMGG LISBURN be reappointed as auditor
ofthe company will be put at a Genpral Meeting.

SALTO GYMNASTIC CENTRE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the
audit, bul 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 information.
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.
cmaster
Charity Secretary
3.18].i.5....................
Date..

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Opinion
We have audited the financial statements of Salto Gymnastic Centre Limited (the 'company') for the year anded 28
February 2025 which comprise the statement of financial activities, the stalement of financial position, the statement
of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
I￿land (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statement5'.
give a true and fair vièw of the state of the charitable company's affairs as at 28 February 2025 and of ils
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 ofthe Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further describèd in thè Audrforfs 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 to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other èthical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded thal the Irustees use of the going concern basis of
accounting in the preparation of th& financial slatemenls 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 at least bM&lve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to 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 comprises the information included in the annual report other than the financial statements
and our auditoff s report thereon. The trustees are responsible for the other information contained within the annual
report. OLJr opinion on the financial statements does not cover the other information and, except to the extent
othetwise explicitly slated in our report, we do nol expres5 any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsislenl with the financial statements or our knowledge obt8ined in the course of the audit, or othetwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are
required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If,
based on the work we have performed. we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nolhing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in Ihe COUFse of our audit..
Ihe information given in the trustees report for the financial year for which the financial sl8tements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistènt with the
financial statements., and
the directors, report included within the trustees report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge ar)d understanding of the company and its environment obtained in the course of the
audit, we have not identified material misslalements in the directors, report included within the Irusteos 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 statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, 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 entitled lo prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemption5 in preparing the trustees report and from the
requirement lo 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 more fully in the statement of tru51ees responsibilities, the trustees, who are also the directors of the
ompany for the purpose of company law, are responsible for thp preparation of the financial statements and for
being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to 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 Ihe company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going con￿rn basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿ase
operations, or have no realistic alternative but to do so.
Audttor's responsibÈlities for the audit of the financial statements
Our objectives are to obtain reasDnable assurance about whether the financial statements as a whole are free from
material misstatemènt, 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 but is not a guarantee that an audit conducted in accordan
with ISAS (UK) will ahvays detect a material misstatement when it exists. Misststements can arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, OLrtlined above, to detect material misstatements in respeGt of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below.

SALTO GYMNASTIC CENTRE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SALTO GYMNASTIC CENTRE LIMITED
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misslalemenl of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive lo those risks, including obtaining audit evidence that is
sufficient and appropriate lo provide a basis for our opinion.
In identifying and assessing potential risks of material misstatement in respect of irregularilies. including fraud and
non-compliances with laws and regulations, we considered the following..
The nature of the industry and 5eclor, control environment and business performance, including the
charitable company's remuneration policies for directors, bonus leve15 and performance targets, if any.,
Results of our enquiries of management about their own identification and assessment of the risks of
irregularities.,
Any matters we identified having obtained and reviewed the charitable company's documentation of their
policies and procedures relating to..
Identifying, evaluating and complying with laws and regulations and whether they were aware of
any instance of non-compliance..
Detecting and responding lo the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
The internal controls established to miligale risks of fraud or non-compliance with laws and
regulations.,
The matters discussed among the 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 wrthin the charitable
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 lo perform specific procedures lo respond to the risk of management
override.
We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in,
focusing on provisions of those laws and regulations that had a direct effect on the delerminalion of material
amounts and disclosures in the financial slatements. The key laws and regulations we considered in this Conlext
included the Companies Act 2006, and local lax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statements bul compliance with which may be fundamental to the charitable company s ability to operate or lo avoid
a material 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 to the risks idenlified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements-
Enquiring of management concerning actual and potential litigation and claims-,
Performing analytical prO￿dUreS to identify any unusual or unexpected relationships thal may indicate
risks of material misstatement 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 manag&menl override of controls, testing the appropriaten&ss of
journal entries and other adjustments,. assessing whether the judgements made in making accounting
estimates are indicattve of a potential bias., and èvaluating the business rationale of any significant
transactions that are unusual or outside the normal cours& 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
audtt.
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 we 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-detection of
irregularities. as they may involve Gollusion, forgery, intentional omissions, misrepresentations, or Ihe override of
internal controls. Wè are not responsible for preventing non-complian￿ and cannot bè expected to detect non-
Complian￿ 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.ukjauditorsrèsponsibilities. This description forms part of our auditorfs rèport.
10-

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. Our audit work has been undertaken so that we might state to the charitable company's
members Ihose matters we are required to stalè to them in an auditor's report and for no other purpose. To the
fullest exlent permitted by law, we do not accept or assume responsibility to anyone olher than the charitable
company and the charitable company's members as a body, for our audit work, for this report. Dr for the opinions we
have formed.
Mr Stephen Houston FCA (Senior Statutory Auditor)
for and on behalf of GMCG LISBURN
Chartered Accountants
Statutory Auditor
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
11

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2025
Unrestricted
funds
2025
Unrestricted
funds
2024
Notes
Income and endowments from:
Donations and legacies
Charttable activities
Other trading adivities
Investments
other income
2,400
462,931
30,961
11,556
5,521
2,196
459,356
26,861
3,469
5.200
Total income
513,369
497,082
Expenditure on:
Raising funds
ha
blè ac
ivities
Promotion of lifelong physical activity through gymnastics
16,409
15.611
478,845
501,836
Total expenditure
495,254
517.447
Net incomel{expenditure) and movement in funds
18.115
(20.365}
Reconciliation of funds:
Fund balances at 29 February 2024
1,298,487
1,318.852
Fund balances at 28 February 2025
1,316,602
1,298,487
The statement of financial activitiès includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
12-

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025
2025
2024
Notes
Fixed assets
Tangible assets
15
913,720
960,450
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
5,129
11,796
408,976
5,129
10.501
343,314
425,901
Creditors: amounts falling due withln
one year
358.944
18
(23,019)
(20,9071
Net Current assets
402,882
338,037
Total assets less Current liabilittes
1,316,602
1,298,487
The funds of the company
Unrestricled funds
20
1,316,602
1,298,487
1,316,602
1,298,487
These financial statements have been prepared in accordance with the provisions applicable to companies subjecl
to the small companies regime.
Thefi
ancial stslements were approved by the trustees on .
MrA O'Reilly
Trustee
r G Neill
Trustee
Company registration number N1035533 (Northern Ireland)
13-

SALTO GYMNASTIC CENTRE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
23
59,91S
44,667
Investing activities
Purchase oftangible fixed assets
Proc&eds from disposal of tangible fixed
assets
Inveslment income received
(6,110)
(32,066)
300
11,556
1,084
3,469
Net cash generated froml(used inl investing
activities
5,746
(27,513)
Net cash generated from financing activities
Net increase in cash and cash equivalents
65,662
17,154
Cash and cash equivalents at beginning of year
343.314
326,160
Cash and cash equivalents at end of year
408,976
343,314
14-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting policies
Charity information
Sallo Gymnastic Centre Limited is a private company limited by guarantee incorporated in Northern Ireland.
The registered office is City of LisbLJrn National Gymnastic, Warren Park, Lisburn. BT28 1 LW.
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
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financia5
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The
company is 3 Public Benefit Enlily as defined by FRS 102.
The financial statements are prepared in sterling, which 15 Ihe functional currency of the company. Monetary
amounls in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical 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 resources to continue in operational existence for the foreseeable futur2. Thus the
trustees continue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted fLJnds are available for use at the discretion of the trustees in furtherance of their Gharitable
objectives.
1.4 Income
Income is recognised when the company is legally entitled to it after any performance conditions have been
mel, the atnounls can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations ar8 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 received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Interest on funds held on deposit is included when receivable and the amount Gan be measured reliably by the
charity- this is normally upon notificalion of the interest paid or payable by the bank.
1.5 Expenditure
All expenditure is accounted 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 ID
make paytnents to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measLJred reliably. It is calegorised under Dne of the following headings- Costs of raising
funds, Expenditure on charitable activities and Other expenditure.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support costs are those that as5i5t the work of the charity bul do not directly represent charitable activilies
and include 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 al the office. Payroll costs, finance costs
and governance costs are allocated to charitable activities based on usage. The allocation of the support
Costs is analysed in nDle 9.
15-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting policies (Continued}
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual value5 over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Fixtures and fittings
2 % straight line
20Q/o reducing balance
15 /0 reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference belwèen 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 at the lower of cost and net realisable value.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing. selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-t?rm 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 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes paty to
the contractual provisions of the instrument.
Financial assets and liabililies are offset, with the n21 amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognisèd amounts and there is an intention to settle on a net
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 Iransaction costs and are subsequently carried at 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 at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
16-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting policies {Continuedl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitules a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
wilhin one year are not amortised.
Debt instruments are subsequently carried at amortised c051, using ihe effective interest rale 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 liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised inilially at
transaction price and subsequently measured at amortised cost Using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company'5 contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide lerminalion benefits.
1.11 Retirement benefits
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the company's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilffties that are not readily apparent
from other sources. The estimates and associated assLJmpliDns are based on historical experience and other
factors that are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estimation uncertainty
Fixed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these assets lives and change Ihem as
necessary lo reflect current thinking on remaining lives in light of prospective ecDnDmic ulilisation and physical
condition of the assets concerned. Changes in assets lives can have a significant impact Dn depreciation
charges for the period. Detail 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 to allocate these funds based on interpretation of donations received.
17-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Income from donations and legacies
Unrestricted
funds
2025
Unrestricted
funds
2024
Grants
2,400
2,196
Grants
Lisburn & Castlereagh City Council
2,400
2,196
2.400
2.196
Income from charitsble activities
Unrestricted
funds
2025
Unrestricted
funds
2024
Fees & subscriptions
Competition income
445,050
17,881
447,701
11.655
462,931
459,356
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2025
2024
Fundraising events
Shop income
Letting and licensing arrangements
Other income
5.809
13,594
7,327
4,231
4,118
12,396
4,679
5.668
other trading activities
30.961
26,861
18-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
11,556
3,469
Other income
Unrestricted Unrestricted
funds
funds
2025
2024
Net gain on disposal of tangible fixed assets
Insurance Claims Receivable
300
5,221
267
4,933
5,521
5.200
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2025
2024
Trading costs
Other trading activities
16,409
15,611
19-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Charitable activities
Promotion of lifelong physical activity through gymnastics
2025
2024
Stsff costs
Depreciation and irnpairment
Rates & water charges
Light & heat
Repairs & maintenance
Insurance
Travel & competition fees
Legal & professional fees
Telephone
ststionery & sundry expenses
307,936
52,838
3,689
23,838
25,092
12,457
20,616
2,405
501
6,714
314.246
57,842
7,739
32,836
23,973
11,078
17,814
2,473
1,312
8,443
456,086
477,756
Share of support costs (see note 10)
Share of governance costs (see note 10)
19.460
3.300
20,780
3,300
478,845
501.836
10 Support costs
Support Governance
costs
costs
2025
Support Governance
costs
costs
2024
Staff training and
education
Bank Charges
5,559
13,901
5,559
13,901
3,763
17,017
3,763
17,017
Audit & accountancy fees
3,300
3.300
3,300
3.300
19,460
3,300
22,760
20,780
3,300
24,080
Analysed belween
Charitable activilies
19,460
3.300
22,760
20,780
3.300
24,Q80
-20-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
11 Net movement in funds
2025
2024
The net movement in funds is stated after chargingllcreditingl..
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
52,838
1300)
3,300
57.841
(267)
12 Trustees
None of the Iruslees (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..
2025
Number
2024
Number
Coaching Staff
Admin & Development Staff
18
20
Total
20
22
Employment costs
2025
2024
Wages and salaries
Sc)cial security costs
Other pension costs
280,229
12.259
15,448
291,357
11,753
11,136
307,936
314,248
The charity considers ils 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 Ihe WAG
squad. The lolal employment benefits including employer pension contributions of the key managemenl
personnel were £120,41812024 - £121,792).
There were no employees whose annual remuneration was more than £60,000.
14 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
21

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
15 Tangible fixed assets
Frèehold land
and buildings
ptant and Fixtures and
equipment
ttings
Total
Cost
At 29 February 2024
Additions
Disposals
1,217,069
340,872
550
120,628 1,678,569
5,560
6,110
(300)
(300)
At 28 February 2025
1,217,069
341,422
125,888 1,684.379
Depreciation and impairment
At 29 February 2024
Depreciation charged in the year
Eliminated in respect of disposals
413,234
24,341
258,744
16,535
46,143
11.962
(300)
718.121
52,838
(300}
At 28 February 2025
437,575
275,279
57,805
770,659
Carrying amount
At 28 February 2025
779,494
66,143
68,083
913,720
At 28 Febfuary 2024
803,835
82,128
74,487
960,450
16 Stocks
2025
2024
Raw materials and consurnables
5,129
5.129
17 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
7,409
4,387
6,891
3.610
11,796
10,501
18 Creditors". amounts falling due within one year
2025
2024
other taxation and social security
Other creditors
Accruals and deferred income
7,920
4,966
10,133
4,385
2,240
14,282
23,019
20.907
-22-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
19 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profil or loss in respect of defined contribution Schemes
15.448
11,136
The company operates a defined contribution pension scheme for all qLJalifying employees. The assets of the
scheme are held separately from those of the company in an independently administered fund.
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as lo how they may b8 used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At29
February 2024
Incoming
resources
Resource5
expended
Transfer5
At28
February 2025
Gym repairs and maintenance
General funds
15,000
1,283,487
50,000
(50,000)
65,000
1,251,602
513,369
1495.254)
1,298,487
513,369
(495,254)
1,316,602
Previous year:
At28
February 2023
Incoming
resources
Resources
expended
Transfers
At2B
February 2024
Gym repairs and maintenance
General funds
17,000
1,301,852
(17,000)
(500,4471
15,000
{15,0001
15,000
1,283,487
497,082
1,318.852
497,082
1517,447)
1,298,487
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 commitments for futurp minimum lease payments
under non-Gancellable operating leases, which fall due as follows..
2025
2024
Within one year
Between two and five years
749
749
749
1,498
1,498
2,247
-23-

SALTO GYMNASTIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
22 Related party transactions
There were no disclosable related paty transactions during the year (2024 - none).
23 Cash generated from operations
2025
2024
Surplusl(deficill for the year
18,115
120,365)
Adjustments for:
Investment income recDgnised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
111,556)
(300)
52.838
(3,469)
(26n
57,841
Movements in working capital:
(Increase) in stocks
Ilncrease)Idecrease in debtors
Increase in creditors
12.678)
1,414
12,191
(1.293)
2,112
Cash generated from operations
59,916
44,667
24 Analysis of changes in net funds
The company had no material debt during the year.
-24-