**REGISTERED COMPANY NUMBER: NI059838 (Northern Ireland) REGISTERED CHARITY NUMBER: XT23088** 

## **Report of the Trustees and** 

**Unaudited Financial Statements for the Year Ended 30 June 2025** 

**for** 

**Taekwon-Do (NI) Ltd** 

R Savage & Company Accountants & Taxation Consultants Old Bank House 2 Crossgar Road Saintfield Ballynahinch Co. Down BT24 7BD 

**Taekwon-Do (NI) Ltd** 

## **Contents of the Financial Statements for the Year Ended 30 June 2025** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**||1||
|**Statement of Financial Activities**||2||
|**Balance Sheet**||3||
|**Notes to the Financial Statements**|4|to|8|
|**Detailed Statement of Financial Activities**||9||



**Taekwon-Do (NI) Ltd** 

## **Report of the Trustees** 

## **for the Year Ended 30 June 2025** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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). 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

NI059838 (Northern Ireland) 

## **Registered Charity number** 

XT23088 

## **Registered office** 

20a British Road Aldergrove Crumlin Co. Antrim BT29 4DH 

## **Trustees** 

L G Maguire 

## **Company Secretary** 

Mrs M T A M Maguire 

Approved by order of the board of trustees on 7 October 2025 and signed on its behalf by: 

L G Maguire - Trustee 

Page 1 

**Taekwon-Do (NI) Ltd** 

## **Statement of Financial Activities** 

## **for the Year Ended 30 June 2025** 

|||30.6.25|30.6.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||18,646|28,326|
|Other trading activities|2|-|(200)|
|**Total**||18,646|28,126|
|**EXPENDITURE ON**||||
|Raising funds|3|5,588|5,164|
|**Charitable activities**||||
|Competitions||12,735|30,025|
|**Total**||18,323|35,189|
|**NET INCOME/(EXPENDITURE)**||323|(7,063)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||2,802|9,865|
|**TOTAL FUNDS CARRIED FORWARD**||3,125|2,802|



The notes form part of these financial statements 

Page 2 

**Taekwon-Do (NI) Ltd** 

## **Balance Sheet** 

## **30 June 2025** 

|||30.6.25|30.6.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|7|2,241|2,241|
|**CURRENT ASSETS**||||
|Cash at bank||1,364|1,041|
|**CREDITORS**||||
|Amounts falling due within one year|8|(480)|(480)|
|**NET CURRENT ASSETS**||884|561|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||3,125|2,802|
|**NET ASSETS**||3,125|2,802|
|**FUNDS**|9|||
|Unrestricted funds||3,125|2,802|
|**TOTAL FUNDS**||3,125|2,802|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025. 

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 7 October 2025 and were signed on its behalf by: 

L G Maguire - Trustee 

The notes form part of these financial statements 

Page 3 

**Taekwon-Do (NI) Ltd** 

## **Notes to the Financial Statements** 

## **for the Year Ended 30 June 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **2. OTHER TRADING ACTIVITIES** 

||30.6.25||30.6.24|
|---|---|---|---|
||£||£|
|Social lotteries||-|(200)|



continued... 

Page 4 

**Taekwon-Do (NI) Ltd** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 30 June 2025** 

## **3. RAISING FUNDS** 

## **Raising donations and legacies** 

## **4.** 

|**Raising donations and legacies**|||
|---|---|---|
||30.6.25|30.6.24|
||£|£|
|Support costs|987|-|
|**Investment management costs**|||
||30.6.25|30.6.24|
||£|£|
|Rent collection|4,601|5,164|
|Aggregate amounts|5,588|5,164|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||30.6.25|30.6.24|
||£|£|
|Hire of plant and machinery|-|1,100|



## **5. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. 

## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|28,326|
|Other trading activities|(200)|
|**Total**|28,126|
|**EXPENDITURE ON**||
|Raising funds|5,164|
|**Charitable activities**||
|Competitions|30,025|
|**Total**|35,189|
|**NET INCOME/(EXPENDITURE)**|(7,063)|



Page 5 

continued... 

**Taekwon-Do (NI) Ltd** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 30 June 2025** 

## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** 

|||||Unrestricted|
|---|---|---|---|---|
|||||fund|
|||||£|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||9,865|
||**TOTAL FUNDS CARRIED FORWARD**|||2,802|
|**7.**|**TANGIBLE FIXED ASSETS**||||
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 July 2024 and 30 June 2025|218|2,148|2,366|
||**DEPRECIATION**||||
||At 1 July 2024 and 30 June 2025|125|-|125|
||**NET BOOK VALUE**||||
||At 30 June 2025|93|2,148|2,241|
||At 30 June 2024|93|2,148|2,241|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**|**YEAR**|||
||||30.6.25|30.6.24|
||||£|£|
||Accrued expenses||480|480|
|**9.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.7.24|in funds|30.6.25|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|2,802|323|3,125|
||**TOTAL FUNDS**|2,802|323|3,125|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|18,646|(18,323)|323|
||**TOTAL FUNDS**|18,646|(18,323)|323|



Page 6 

continued... 

**Taekwon-Do (NI) Ltd** 

## **Notes to the Financial Statements - continued** 

## **for the Year Ended 30 June 2025** 

## **9. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1.7.23|in funds|30.6.24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|9,865|(7,063)|2,802|
|**TOTAL FUNDS**|9,865|(7,063)|2,802|



Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|28,126|(35,189)|(7,063)|
|**TOTAL FUNDS**|28,126|(35,189)|(7,063)|



A current year 12 months and prior year 12 months combined position is as follows: 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1.7.23|in funds|30.6.25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|9,865|(6,740)|3,125|
|**TOTAL FUNDS**|9,865|(6,740)|3,125|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|46,772|(53,512)|(6,740)|
|**TOTAL FUNDS**|46,772|(53,512)|(6,740)|



continued... 

Page 7 

**Taekwon-Do (NI) Ltd** 

## **Notes to the Financial Statements - continued for the Year Ended 30 June 2025** 

## **10. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 June 2025. 

Page 8 

**Taekwon-Do (NI) Ltd** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Grants<br>Subscriptions<br>Admissions<br>Exceptional items<br>**Other trading activities**<br>Social lotteries<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Investment management costs**<br>Rent collection<br>**Charitable activities**<br>Hire of plant and machinery<br>Competition expenses<br>**Support costs**<br>**Management**<br>Insurance<br>Postage and stationery<br>Advertising<br>Sundries<br>**Finance**<br>Bank charges<br>**Governance costs**<br>Accountancy and legal fees<br>Total resources expended<br>**Net income/(expenditure)**|**Detailed Statement of Financial Activities**<br>**for the Year Ended 30 June 2025**<br>30.6.25<br>30.6.24<br>£<br>£<br>12,710<br>21,903<br>1,300<br>1,200<br>3,080<br>3,248<br>1,556<br>1,805<br>-<br>170<br>18,646<br>28,326<br>-<br>(200)<br>18,646<br>28,126<br>4,601<br>5,164<br>-<br>1,100<br>11,228<br>26,275<br>11,228<br>27,375<br>317<br>282<br>-<br>172<br>-<br>200<br>1,349<br>805<br>1,666<br>1,459<br>-<br>203<br>828<br>988<br>18,323<br>35,189<br>323<br>(7,063)|
|---|---|
|||



This page does not form part of the statutory financial statements 

Page 9