Sports Academy George Trust
Registration Number 106867 (Northern Ireland)
Charity number: 106867
Unaudited Annual Financial Statements
for the year ended 31 December 2023

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Contents
Page
Charity Infomiation
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Changes in Equity
Statement of Cash Flows
Notes to the Annual Finanaal Statements
8-11

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Charity Infomiation
Country of Incorporation and Domicile
Northern Ireland
Registration Number
106867
Registration Date
18 December 2017
Nature of Business and Principal Activities
The charity enables the advan￿ment of education
and amateur sports in developing countries.
Trustees
Stephen David Mckenzie
Rachel Laura Craig
Trevor Scott
Adam Miller Craig
Jordan Gamble
Gareth Bronte
Ruth M¢2fee
Caroline Struwig
Registered Office
46 Carricknaveagh Road
Lisbum
BT27
Bankers
Danske Bank

Independent examine￿$ report to the charity trustees of Sports Academy George Trust.
I report on the accounts of Sports Academy George Trust for the year ended 31 December 2023,
which are set out on pages 5 to 11.
Respective responslbllltles ol charity trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with
the Charities Act {Northern Ireland) 2008.
It is my responsibility to:
1. Examine the accounts under section 65 of the Charities Acl
2. Follow the procedures laid down in the general Directions given by the Commission under
section 65(9)(b) of the Charities Act
3. Stste whether particular matters have come to ry attentlon.
Ba81s of Independent examlnerfs rnport
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity
Commission for Northern Ireland under sectlon 65(9)(b) of the Charities ACL
My examination included a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also included consideration of any unusual Ite￿ or
disclosures in the accounts, and seeking explanations from you as charity trustees con￿mIng any
suth matters.
My role is to stste whether any material matters have corne to my attention giving rr￿ cause to
believe-
1. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accwd with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examlner's statement
I have completed my examination and have no concems in respect of the matters {1) to (4) listed
above and. in connection with following the Directions of the Charity Commission for Northem Ireland,
I have found no matters that require drawing to your attention.
Slgned:
. LLkkn eKii
Name: Kelly Gillespie FCA
Relevant professional qualification or body: Chartered Accountants Ireland
Address: 39 Church Stree( Ballynahinch, Co Down. N Ireland, BT24 8AF
Date:
7-IslLS

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Statement of Financial Activities
Unrestricted Funds
2023
2022
Total Funds
2023
2022
Figures in £
Note
Income and endowments from:
Donats'ons and legacies
Charitable activities
Other income
Total income and endowments
228 087
23 774
48 436
300 297
162 (￿5
23 757
228 087
23 774
48 436
300 297
162 065
23 757
185 822
185 822
Expenditure on:
Charitable activities
NC 10 kilometre run fundraising expenses
George Royal Academy donations
Total expenditure on charitable activities
(9 570)
(160 060)
(169 630)
(7211)
{133 805)
(141016)
(9 570)
(160 060)
(169 630)
(72111
(133 8051
(141016)
Other expenses
(73 409)
(56 082)
(73 409)
(56 0821
Total expenditure
(243 039)
(197 098)
(243 039)
(197 098)
Net income l (expenditure)
57 258
(11276)
57 258
(11276)
Net movement in funds
57 258
(11276)
57 258
(11276)

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Balance Sheet
Unrestricted Funds
2023
2022
Total Funds
2023
2022
Figures in £
Notes
Current assets
Cash at bank and in hand
Net current assets
64 276
64 276
7018
7018
64 276
64 276
7018
7018
Total assets less current liabilities
64 276
7018
64 276
7018
Net assets
64 276
7018
64 276
7018
Capital and reserves
Endowment funds
Unrestricted income funds
Shareholders, funds
64 276
64 276
7018
7018
64 276
64 276
7018
7018
For the year ended 31 December 2023. the charity was entiued to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for Ihe year ended 31 December 2023
in accordance with section 476 of the Charities Act {Northem Ireland), 2008.
The trustees acknowledge their responsibilrties for ensuring that the company keeps accounting records which
comply with Sections 386 and 387 of the Charities Act (Northem Ireland), 2008 and the Companies Act 2006, the
Memorandum and Artides of Association and;
The trustees acknowledge their responsibilities forpreparing annual financial statements which give a true and fair
view of the stale of affairs of the charity as at the end of each financial year and of its profit or loss for each financial
year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Charities Act (Northem Ireland). 2008 relating to financial statements. so far as applicable to the
charity.
The annual financial statements were approved and authorised for issue by the Board of Trustees on 23 April 2025.
Signed on behalf of the Board of Trustees
Trevor Scott
Chairnian
23 April 2025
The notes on pages 8 to 11 form part of these accounts.
Charity registration number. 106867

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Statement of Changes in Equity
Unrestricted
fund
Figures in £
Total
Balance at 1 January 2022
18294
18 294
Changes in equity
DefiGit for the year
Total comprehensive income
Balance at 31 December 2022
(11276)
(11 276)
7018
{112761
{112761
7018
Balance at 01 January 2023
7018
7018
Changes in equity
Surplus for the year
Total comprehensive income
Balance at 31 December 2023
57 258
57 258
64 276
57 258
57 258
64 276

Sports Academy George Trust
(Registration Number 106867>
Annual Financial Statements for the year ended 31 De￿mber 2023
Statement of Cash Flows
Figures in £
2023
2022
Cash flows (used in) I from operations
Net cash flows from l (used in) operations
57 258
(11276)
Cash flows from financing activities
Changes in capital
Cash flows from financing activities
18 294
18 294
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
57 258
7018
64 276
7018
7018
Cash and cash equivalents consists of:
Cash at bank and on hand
64 276
7018

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Notes to the Annual Financial Statements
Figures in £
2023
2022
1. Summary of significant accounting policies
1.1 General infomiation and basis of preparation
Sports Academy George Trust is a charity in(￿rpOrated in the Northem Ireland. The address of the registered office
and registration number is given in the company infomiation on page 2 of these annual financial statements. The
charity enables the advan￿ment of education and amateur sports in developirKJ countn'es.
These annual financial statements have been prepared in accordance with Ac￿unting and Reporting by Charities..
Statement of Recommended Practs'ce applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021, the Charities Ad (Northern
Ireland}, 2008 and the the Companies Act 2006. the Memorandum and Articles of Associatson.
The annual financial statements are prepared in steding (£) which is the functional currency of the charity and
rounded lo Ihe nearest £.
The significant accounting policies applied in the preparation of these annual financial statements are set out below.
These policies have been consistenuy applied to all years presented unless othetwise stated. The company adopted
FRS 102 in the current year and an explanation of how transition to FRS 102 has affected the reported financial
position and performance is given in note 5.
1.2 Cash at bank and in hand
The notes to the accounts must explain how the charity has defined any short-term, highly liquid investments
included as cash at bank and in hand.
1.3 Financial instruments
Related party transactions
Related party transactions of a similar nature are aggregated unless, in the opinion of the directors. separate
disclosure is necessary to understand the effect of the transactions on the financial statements.
Ultimate controlling party
In the opinion of the directors, Sports Academy George Twst does not have a single ultimate controlling paty.
1.4 Taxation
The charity is exempt from corporation tax on its charttable activities.

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Notes to the Annual Financial Statements
Figures in £
2023
2022
Summory of significant accounting policies tontinued...
1.5 Turnover and other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.
The policies adopted for the recognits'on of turnover are as follows:
Fund accounting
Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particJJlar restricted purposes within the objectives of the chartty. Restrictions
arise when specified by the donor or when funds are raised for a particular restricted purpose.
Interest receivable
Interest income is recognised using the effective interest method is recognised as the charity's right to receive
payment is established.
Donations received
All income is recognised once the charity has entrtlement to the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Donations are recognised when the Trust has been notified in writing of both the amount and settlement date. In the
event that a donation is subject to conditions that require a level of perfomiance before the charity is entitled to the
funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilmenl of those
conditions is wholly within the control of the charity and it is probable that those conditions will be ftjlfilled in the
reporting period.
Legacy gifts are recognised on a case by case basis following the granting of probate when the
administratorlexecutor for the estate has communicated in writing the amount for distribution after taking into
consideration of any liabilities and settlement date and. if there are any conditions attached to the legacy, these are
either within the control of the charity or have been met_ In the event that the gift is in the fomi of an asset other than
cash or a financial asset traded on a recognised stock exchange. reccMJnits'on is subject to the value of the gift being
reliably measurable with a degree of sufficient accuracy and the tide to the asset having been transferred to the
charity.
2. Income and endowments
The analysis of income and endowments by activity is as follows:
Donab'ons and legacies
Charitable acliwties
Other income
Total income and endowments
228 087
23 774
48 436
300 297
162 065
23 757
185 822

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Notes to the Annual Financial Statements
Figures in £
2023
2022
3. Analysis of charitable funds
Unrestricted
fund
Total
Balance at 1 January 2022
18 294
18 294
Income and endowments
Expenses
Balance at 31 December 2022
185822
(197 098)
7018
185 822
(197 098)
7018
Balance at 01 January 2023
7018
7018
Income and endowments
Expenses
Balance at 31 December 2023
300 297
(243 039)
64 276
300 297
(243 039)
64 276
3.2 Fund reconciliations
Unrestricted funds
Balance at 31
December
2022
7018
Balance at 01 Income and
January 2022 endowments
18294
185 822
Expenses
(197 098)
Unrestricted
Balance at 31
December
2023
64 276
Balance al 01 Income and
January 2023 endowments
7018
300 297
Expenses
(243 039)
Unrestricted
4. Related party transactions
4.1 Other related parties
Entity name
SD Mckenzie
RL Craig
T Scott
AM Craig
J Gamble
G Bronte
R Mcafee
C Stuwig
A Scott
Nature of relationship
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Trustee
Family member of trustee
io

Sports Academy George Trust
(Registration Number 106867)
Annual Financial Statements for the year ended 31 December 2023
Notes to the Annual Financial Statements
Figures in £
2023
2022
Relotedparty transortions continued...
4.2 Information about related party transactions and outstanding balances is outlined below:
Donations
made
Other related parties
At 31 December 2022
At 31 December 2023
18 086
20 725
5. First-time adoption of FRS 102
The company has adopted FRS 102 for the first time in the year ended 31 December 2023.
6. Approval of Annual Financial Slatements
The trustees approved these financial statements for issue on 23 April 2025.
li