Rathgael Gymnastics and Tumbllng Club - Statement of Flnanclal Activities for the year ended 31 March 2023 Statement of Flnancial Activities (includlng the Income and Expenditure Account for the year ended 31 March 2023, as required by the Companies Act 2006) SORP Ref Current year Unrestricted Funds Current year Restricted Funds Cu￿ent year Total Funds Prlor Yèar Total Funds 2023 2023 2023 2022 Income & Endovfflient5 from: Donations & Legacies Other A1 A5 331,788 331,788 274.163 25,093 Total income 331.7B8 331,788 299.256 Expenditure on: Charitable activities B2 249.413 249.413 251,249 Total expendlture 249.413 249.413 251.249 Not Income for the year 82.375 82.375 48,007 Net Income after transfers A-B-C 82.375 82,375 48,007 Net movement in funds 82,375 82,375 48,007 Reconclllatlon of funds:. Totsl funds brought forward 103.461 103.461 55,454 T¢>tal funds carried fopthvard 185,836 186,836 103,461 The 'SORP Ref indicated above is the classfficalion of income set out in the fomal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance SheeL A Statement of Total Recognised Gains and Losses is included ag a primary statement in these accounts. All the prior year transactions were unrestricted items, and no further analysis is ￿qUired All activities detive from continuing operations Rathgael Gymnastics and Tumbling Club - Statement of Financial Activities for the year ended 31 March 2023 Statement of Total Racognised Gains and Losses forthe year ended 31 March 2023 2023 2022 S￿￿lus fr>r the year :. Net excÈss of Income ov?r expendiluT8 from operations before tax 82,375 48,007 82,375 48.007 Income from operatiDns before tax In the Statement of Rnancial Activites Deficitas shown In the Income and Expenditure account 82.375 48.007 Add(deduct) non income and expendlture Items... Net Movement in funds before tax8tlon 82,375 48,007 Taxation arising in the year Funds generated In the year as shown on Statement of Flnanclal Actlvltles 82,375 48.007 The notes attached on pages 16 to 25 forni an Integral part of these accounts. Rathgael Gymnastics and Tumbling Club - Statement of Financial Activities for the year ended 31 March 2023 Movements in revenue and capital funds for the year ended 31 March 2023 Revenue accumulated funds Unrestrictsd Restrlcted Funds 2023 Total Funds Last year Total Fund& 2022 Funds 2023 2023 Accumulated funds brought forward 103,461 103,461 55.454 Recognised gains and1055e5 before transfers 82.375 82,375 48.007 185.836 185,836 103,461 Closing revenue funds 185,836 18S,836 103.461 Summary of fund5 Unrestricted Restricted Funds Totsl Funds Last Year Total Funds and Deslgnated funds 2023 2023 ZD23 2022 Revenue accumu18ted funds 185,836 185,836 103,461 Totsl funds 185,836 185,836 103.461 The notes attached on pag6s 16 to 25 form an integral part of these accounts. Rathgael Gymnastlcs and Tumbllng Club - Statement of Financial Activities for the year ended 31 March 2023 Rathgael Gymnastics and Tumbling Club Income and Expendltura Account for the year ended 31 March 2023 as required by the Companies Act 2006 2023 2022 Income Income from operations Other operating income 331,788 274.163 25,093 Gross Income In the year bgfore exceptlonal items 331,788 299,256 Gmss Income in the year includlng exceptional items 331.788 299.256 Expenditure Charitable expenditure, 8xcluding depreciation and amortisation Depreciation and amortisatlon Govemance costs 225,155 6,104 18.154 213,419 8,139 29,691 Total expenditure In the year 249,413 251,249 Extraordlnary Items Net income bofore tax In the financial year 82,375 48,007 Tax on surplus on ordinary activities Net income after tax In the financial year 82,375 48,007 Gift Aid donations made Retalned surplus for the financlal year 82,375 48,007 All activities derive from continuing operations In accordan￿ with the provislons of the Companie5 Act 2006. the headings and subheadings used in the Income and Expendfture account havè been adapted to reflect the special nature of the charity's activilles. The notes attAched on pages 16 to 25 form an Integral part of thege accounts. 10 Fiathgael Gymnastics and Tumbllng Club - Balance Sheet as at 31 March 2023 SORP Note Ref 2023 2022 Fixed assets Tangible assets 18.312 24,416 Current assets Debtors Cash at bank and in hand 8 B2 6,787 245,881 6,196 171,067 Total current assets 252,668 177,263 Creditors: amounts falling dug Within one year 9 C1 {85,1441 198,218) Net current assets 167,524 79,045 The total net assets of the charlty 185,836 103,461 The totsl net assets of the charlty are funded by th? funds of the charity, as fDIIows:. Restrl¢tsd funds Unrestricted Funds Unrestricted Revenue Funds 12 D3 185.836 90,481 185,836 90,481 Deslgnated Funds Total chaflty fvnds 185,836 103,461 Rathgael Gymnastics and Tumbling Club- Balance Sheet as at 31 March 2023 The 'SORP Ref indicated above is the classrfication of Balance Sheet items as set out in the fomial SORP documents. As required by paragraph 4.60 ofthe SORP, the brought fO￿ard and carried forward frJnds above have been agreed to the SOFA.. The directors are satisfied that the company is ents-tled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complw'ng the requirements of the Companies Act 2006 1Mth respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to Companies subject to the small Companies regime. Mr P G Yeaman Trustee Approved by the board of Iruslees on 20 November 2023 Company Registration Number'.N1612352 The notes attached on pages 16 to 25 fonn an integral part of these accounts. 12 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 1 Accounting policies Policies rélatlng to the production of the accounts. Basis of preparatlon and accounting convention The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financlal Reporting Standard 102, (effective 1st January 20161 and 'FRS 102 SORP (statement of Recommended Practice for Accounting and Reporting by Charltles) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 20191, (The SORPI, published by the Charity Commission in Northem Ireland (CCNII , effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration. Going Concern The charitable activities are entirely dependent on continuing membership subscriptions. As a consequence. the going concern basis is dependent on the future flow ofthese uncertaln fundlng streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2023, the Trustees are satisfied that, at the time of approving the financial ststemen15, It is appropriate to adopt the going concem basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any materlal uncertainites about the charity's ability to continue as a going concern. Rlsks and future assumptlons The charlty is a public benefit entity. Policies relatlng to categories of income and Income recognition. Nature of Incomè Gross income represents the value, net of value added tsx and discounts, of goods provided to customers and work carried out in respect of servlces provided to customers. Categories of Income Income is categorised as income from exchange transactions (contract income) gnd income from non- exchange transactions Igiftsl, investment income and other income. Income from exchange transactions is received by the charity for goods or servlces supplied under contract or where entitlement is subject to fulfilling perfonnance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. 13 Rathgael Gymnastics and Tumbling Club Notes to the Accounts forthe year ended 31 March 2023 Income recognition Income, whether from exchange or non exchange trans8Ctions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transadion or other event results in an increase in the chgrity's assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. Dividends are accrued when the shareholderfs right to receive payment is established. Income subject to terms and conditions which must be mel before the charity is entilled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducling any related fees or costs. Accounting for deferred Income and income received in advance Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or condltions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the temis or conditions imposed can be met. Any grant that is subjecl to perfomance-related conditions received in advance of delivering the good5 and servlces required by that condition, or Is subject to unmet conditions wholly outside the control of the recipient ¢harity, is accounted for as a liability and shown on the balance sheet as deferred income. Defe￿ed income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly wtthin the control of the recipient charity, It Is disclosed as a contlngent asset if receipt of the grant or donation is probable once those conditions are met. Where time related conditions are imposed or implied by a funder, then the income is apportioned lo the time periods concerned,and, where applicable, is accounted for as a liabillty and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related condilions, then the Income is not deferred. Any condilion that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, bul a liabilty to any repayment is recognised when repayment becomes probable. Membershlp subscriptions The income and any associated Gfft Aid or other tax refund from a membership subscription received by the charlty in the nature of a gift, is accounted for on the same basis as a donation. The Income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities. 14 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 Policles relating to expenditure on goods and services provided to the charity. Recognition of liabllltles and 6xpenditure A liability, and the related expenditure, 15 recognised when a legal or constructive obligation exist5 as a result of a past evenl, and when it is more likely than not that a Iransfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the tlming or the gmount of the fvture expenditure required to settle the obligation are un￿rtaIn, give rise to a provision in the accounts, which is reviewed at Ihe accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respectlve fund5 and activities to which the provision relates. Voluntsers In accordance with the SORP, and in recognition of the difficulties in placing 8 monetary vglue on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity- However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers. Policies relating to assets, Ilabilities and pmvisions and other matters. Tanglble fixed assets Tangible fixed assets are measured at Iheir original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over thelr estimated useful lives. Gym oquipmont Office equipment L6 ryi Jtraight linc 33.3 % straight line A regular annual review of the likelihood of asset impaimient is undertaken. Debtors Debtors are measured at their recoverable amounts at Ihe balance sheet date. Cash and bank balances Cash held by the charity is included al the amount actually held and counted at the year end. Bank balance5, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank ststements. Fund Accountlng UnrestTiCted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity- 15 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 2 Liability to taxatlon The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Acl 2010 or SeGtion 256 of the Taxation of Chargeable Gains Act 1992. to the extent Ihat such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the Televant Costs in the ststement of Financial Activities. 3 Wlndlng up or dissolution ol the charlty If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charltable body or bodies having similar objects to the charity. 4 Net surplus before tax in the financlal year 2023 2022 The net surplus before tax in the financial year is stated after charging=_ Depreciation of owned fixed assets 6,104 8,139 5 Stsff costs and emoluments Salary costs 2023 2022 Gross Salaries excluding trustees and key management personnel 100,528 72,180 Total salaries, wages and related costs 100,528 The average nurnber of part time stsff employed In the year was 16 14 Neither the trustees nor any persons connected with Ihem have received any remuneration from the charity or any related entlty, elther in the current or prior year. No employee received more than £60,000 in remuneration in the year. 6 Remuneration and payments to Trustees and persons connected with them No trustees or persons connected with them received any remuneration from the charity. or any related entity. 16 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 7 Tangible fixed asset5 Current Year Plant & Machinery Total Cost At 1 April 2022 191,489 191,489 At 31 March 2023 191,489 191,489 Depreciation At 1 April 2022 Charge for the year 167,073 6.104 167,073 6,104 At 31 March 2023 173.177 173,177 Net book value At 31 March 2023 18,312 18,312 At 31 March 2022 24,416 24,416 8 Debtors 2023 2022 Prepayments and accrued income PAYE 3,975 2,812 2,000 4,196 6,787 6,196 9 r.rprfilnr*' amniints falling di1• wlthln on• y•ar 2023 3022 Trade creditors Accruals (2,270) 87,414 580 97,638 85,144 98,218 10 Income and Expendlture account summary 2023 2022 At 1 April 2022 Surplus after tax for the year 103,461 82,375 55.454 48.007 At 31 March 2023 1RS,RI 1n8,461 17 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 11 Partlculars of how partlcular funds are represented by assets and liabilities At 31 March 2023 Unrestricted Designated Restricted funds funds funds Total Funds Tangible Fixed Assets Cu￿ent Assets Current Liabilities 18,312 252,668 185,144) 18,312 252,668 {85.144 185,836 185,836 At 1 Aprll 2022 Unrestricted Designated Restricted funds funds funds Total Funds Tangible Fixed Assets Current Assets Current Liabilities 24,416 177,263 {98,2181 24,416 177,263 (98,218) 103,461 103,461 12 Change in total funds over the year a5 shown in Note 11 . analysed by Indlvldual funds Funds brought fon•Jard from 2022 Movement Translers In funds In between 2023 funds In 2023 Funds Carrled forward to 2024 See Note 13 Unresthcted and designated funds.". Unrestricted Revenue Funds 103,461 82,375 185,836 Total unrestricted and deslgnated funds 103,461 82,375 185.836 Total charlty funds 103,461 82,375 185,836 13 Analysls of movements in funds over the year as shown in Note 12 Other Expendlture Galns & Losses 2023 Income Movement In funds 2023 2023 2023 Unrestncted and deslgnated funds... Unrestricted Revenue Funds 331,788 (249,4131 82,375 331,788 249,413 82,375 18 Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2023 14 The purposes for which the funds as detailed In note 12 are held by the charlty are:. Unrestricted and dasignatod funds.". These funds are held for the meeting the objectives of the charity, and lo provide reseNes for future activities, and subject to charity legislation, are free from all restrictions on their use. Unrestricted Revenue Funds 15 Ultlmate controlling paty The charity is under the control of its legal members. Every member ofthe charity Is obliged lo contribute such amount as may be required not exceedlng £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 19 Rathgael Gymnastics and Tumbling Club Detailed analysls of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015 This analysis is classsified by conventional nominal descriptions and not by activity. 16 Donatlons, Grants and Legaciès Current year Unr6strletèd Funds Current year Rè$trlct•d Funds Current year Total Funds Prior Year Total Funds 2023 2023 2023 2022 Mwnbgrship subscrlptlorts as d(bnations 331,788 331,788 274,163 Total Donatlons, Grants and Legacles Total Donations, Grants and Legacies A1 331.788 331,788 274.163 17 Other income and gains Currentyear Unrè5tri¢tèd Funds Current year Re5trict8d Funds Current year Totsl Funds Prior Yeai Total Funds Current year 2023 2023 2023 2022 JRS Claims Invest Nl 7,522 17,571 Tolal other Income A5 25,093 20 Rathgael Gymnastics and Tumbling Club Detsiled analysis of Income and expenditure for tho year ended 31 March 2023 as required by the SORP 2015 18 Support costs for charitable activities Currentyear un￿$trO¢1ed Funds Currentyear Restrlctsd Funds Currenty8ar Prior Year Total Funds Total Funds Current Year 2023 2023 2023 2022 Employee costs not Included in direct costs Other salaries staff training 100,528 2,202 100,528 2,202 72,180 1.495 Premises Expenses Rent payable under operating leases Service charges payable Light heat and power Cleaning and waste management Premises repairs, renewals and maintenance Other Premises Costs Propety insuran 28,500 5,500 16,941 3,597 28.500 5,500 16,941 3.597 57.700 6,875 1107) 5.160 6.273 6,273 7.342 951 5.862 2,068 2.068 Administrative overheads Telephone. fax and internet stationery and Printing Subscriptions to periodicals Hire of equipment Advertising and marketing Committee and sundries Computer equipment Event costs Clothing Badgework 1.070 730 700 1,070 730 700 911 1.074 645 645 395 551 1,031 48,595 3.024 2,678 551 1.031 48.595 3,024 2.678 192 49,783 2.111 896 Financial Costs Bank charges Depreciation & Amortisation in total for 438 6,104 438 6.104 419 8.139 Support costs before reallocation 231,259 231,259 221,558 Total support costs - Current Year 231,259 231,259 221,558 All Ihp. p.¥pp.nditiirp in the prior year was unrestrithd, 21 Rathgael Gymnastlcs and Tumbling Club Detailed analysis of income and expenditure for the year ended 31 MarGh 2023 as required by the SORP 2015 19 Other Expenditure - Governanca costs Currèntyear Unrestricted Funds Current year Restricted Funds Current year Totsl Funds Prior Year Total Funds Current Year 2023 2023 2023 2022 71 IndependeTrt Examinerf5 fees Bookkeeping Profes5ionallconsultancy fees 3.240 2,400 12.514 3.240 2,400 12.514 3.000 2,400 24,291 Total Governance costs 18.154 18,154 29,691 All the expenditure in the prior yearwas unrestricted. 20 Total Charitable expenditure Current yBar Unrestricted Funds Curr8nt yoar Restricted Funds Curmnt year Prlor Year Total Funds Totsl Funds Current Year 2023 2023 2023 2022 Total support costs Total Governan￿ costs B2d B2e 231,259 18.154 231.259 18,154 221,558 29.691 Total charltable expenditur B2 249.413 249A13 251,249 All the expenditure in the prfor year was unrestricted. Prioryear Unrestricted Funds Prior Year Restrocted Fund$ Prior Year Totsl Funds Prior Year 2022 2022 2022 Total support costs Total Governan￿ costs B2d B2e 221.558 29,691 221.558 29,691 Total charitable expenditure B2 251.249 251.249 22