WILLIAM WILSON WILLIAM WILSON Chartered Accounianis 25 Road 8T18 9PiX +44 10128 gsè2 0240 www.ww8¢¢ouni&ncy.com Rathgael Gymnastics and Tumbling Club Company Limited by Guarante• Financial Statements 31 March 2024 Company Reglstration Number: N16123S2 Charlty Rggl8trntlon Numb?r: XT34885 ADYtrJIPXS 2210312025 COMPANIES HOUSE A11
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Rathgael Gymnastics and Tumbling Club Report and accounts for the year ended 31 March 2024 Contents Page Truglees, Annual Report Statement of directorn. re8pon8ibilltle• Accountants. report Funds Statements... Statement of Financial Activities 10 Statement of total recognised gains and losses Movements in funds 12 Income and Expenditure account 13 Balance sheet Not08 to the account8 14 16
Rathgael Gymnastics and Tumbling Club C¢ynpany Registration Number. N1612352 Trustees, Annual Report for the year ended 31 March 2024 The Truslees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors. Report required by the Companies Act 2006. Reference and admlnlstrative detalls The charlty name The legal nam? of the charity is'.- Ralhgael Gymnastics and Tumblin9 Club. Th• rhjrltyts •T• op¢r•tlon •nd UK ch•rlt•bl• r•ilstr•llon The charity is registeréd In Northem Ireland with the Charity Commission in Northern Ireland ICCNII with charity number 107229. The charity does not operate in any overseas jurisdiction$. L•g•l ¥tructur• ol¢h• ch•rlty The charity is constituted as a c¢xnpany limited by guarantee. registered under the Companies Acls . The goveming documenl of the tharity 15 the Memorandum and Artides of Association establishing the company under rnpanY legislation. Thera are no reslriclions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operation of law all, Iruslees are directors under the Companies Acl 2006 and all direclors are trustee5 under Charities legislation and have re5ponsibilitses, as such. undef both company and charity le9islabon. The trustees are all individuals. The principal operatsng address. t•l•phon* numb•r. •mJll and wèb addressès ol th• eharlty ar•'.. Unil 1 Saba Pa 14 881100 Avenue. Bangor County Down, 8T19 7QT Telephone 028 9145 9346 Email Address receplion@rathgaelgym.org Web add$$ www.rathgaelgym.org The registered olfice ol the charity for Companies Act purposes 1$ the same as th8 operating address Shown above.
Rathgael Gymnastics and Tumbling Club Company Registration Number- N16123S2 Trustees, Annual Report for the year 8nded 31 March 2024 Th• Trustee• in offl¢• on lh• d•t• lh• r•port was approv•d w•re'.- Mr D B Brown Mr J McAlisler Mf P G Yeaman Th• lollowln9 p•rnon• •eryed ag Tffu>t••s durlng Ihe y•ar •nd•d 31 March 2024 :. The Iruslees who serv8d as a trustee in Ihe porting penod were as shown above, and there were no changes durin9 the year. Dr in the period beetn the year end and the approval ol the accounts. All the Iruslees are also m•mb•rn of the charity. Objects and actsvities of Ihe charity The purposes of the charlty as set out In Its govemlng docum•nt The purposes of the charity are sel out in thè chaiiws Articles of Assoaalion. The objects of the charity are to promote community participation in heglthy re¢re8lion by the provision ol fa¢ililie$ for gymnastics for the benefit of membar$ of tho gener81 publi¢ within Northgrn Irèland and ancillary lo the foregoing.. al lo provide the lacililies in the inleiests of social welfare lor education. creatiOn and other leisure-time occupatson for the inhabitants of the area of benefit 50 that their conditsons ol lrfe may be improved., bl to provide support (rinancial or olherwi86) for olh•r charitable purposes a8 may be recommended by the Annual General Meeting of the company. The maln activities undertaken In rnlation to those purposes durlng the year Ralhgael Gymnastics anej Tumbling Club 1$ a not for profil oryanisalion run by a dedicated team of volunteer Irustees, The club was fir51 established in 1976 and moved to its new purpose buill stsle of (he art facility in Saba Park. Ban9or in November 2012. 11 is now considered lo be among Ihe large51 and best facililaled Clubs in Ireland. Ail funds received are spent on the running of the gym or re-invested lo improve the seryice and facilities. We endeavour lo offer an opportunity lo all children to partirypale in gymnastics and progress according lo their ability.
Rathgael Gymnastics and Tumbling Club CMip•ny Registration Number. N16123S2 Trustees, Annual Report for the year ended 31 March 2024 The maln activities undertaken during the year to further the Charity's purpose for the public benefit. The club conlinued to offer an opportunity lo all children to participate in gymnastic5 and progress actording lo their ability by offering classes in a variety of disciplinès. Affiliated lo British Gymnastics, Gyrnnaslics Northern Ireland and Gymnastics Ireland. R81hg8el Gymnastics and Tumbling Club offered an unrivalled selclion of disciplines including women's and men's artistic, acrobatic. tumbling. cheer. trampolining, freestyle, recreational and pre-school gymnastics. The Injslees have had regard lo the Charity Commission's guidan on public benefit in managing the activities of the charity. The main achievements and perforni•nce of the charlty durlng the year Results for the financial year ended 31 March 2024 are provided in the Slalemenl of Financial Acliwts'e5 on page 7 of the financial stalemenls. A summary of the assets and liabilities as at 31 March 2024 are provided in the Balance Sheet on page11. The financial ststemenls should be read in conjunction with their related notes, which appear on pages 13 10 22 and have been prepared in accordance with the Charities SORP IFRS 102}. In summ8ry'. 1. Total incoming soUrceS have increased by 9% to £362.81212023', £331.7881. 2. Total resources eypended have decreased by 9% 10 £227.82612023.' £249,413). The difference the ¢h•rity s perform•n¢• durlng the year has m•d• to th• beneflclarles of the charlty and the wlder soclety The charity's performance during the year enabled the charity to Offer 8¢hing in a vèriely of disciplines to the beneficianes of the charity. The opportunity lo avail of this coaching is available lo all children in the area. Structure, governance and management of th• charlty The methods used to recruit and appoint new charrty trustees As sel out in the charity's Articles of Assoaalion, the charity shall actively promote a board of trustees which include a range of skill. experience and knowledge in keeping Wrth the pursuanGe of its objects. A retiring director shall be eligible for re-nomination and election.
Rathgael Gymnastics and Tumbling Club Company Registration Number- N1612352 Trustees. Annual Report for the year ended 31 March 2024 Financial review The charitys lin•nclal posltlon at the end of th• year ended 31 March 2024 The financial position of the Charity al 31 Marth 2024 and comparatives for the prior peiiod. as more fully detailed in the accoun15, can be summarised as follows'.- 2024 2023 Net income 134.986 82,375 Unre$tn'¢led Revenue Funds availabl8 for the general purposes ol the charity 320.822 185.836 Total Funds 320.822 185 836 Financial review of the posltlon at the reportlng date, 31 March 2024 The trust6es consider thè financial perfomiance by the charity durin9 the year lo have been 8alisfaclory. The organisation has been able to retain a heallhy amount of unrestricted funds at the year end. Pollci•s on reserves Reseryes are required lo bridge the gap belween the spending and receivin9 of income and lo cover ilems of unplanned expenditure. At 31 March 2024. the charity holds amount of £320,822 in reseryes. The trustees consider that the charity should hold 81 least ts¥o months. of running costs in reseNes. Two months, running costs would equate lo £36.044 Ibased on total expenditure of £227,82618ss £11,564 depreciation in Ihe year ended 31 March 20241. Availability and adequacy of assets of e•¢h of the funds The board of Iruslees is satisfied that the charitys assets in each fund ore available and adequate lo fulfil ils obligats'ons in respect of eath fund. Detalls of The Independenl Examlner William Wilson Member of Member of CharteRd A¢¢ountsnts Ireland William Wilson Chartered Accountants 25 sho Road Holywood BT18 9HX
Rathgael Gymnastics and Tumbling Club clynnY R89i$tr8iion Number- N1612352 Trustees. Annual Report for the year ended 31 March 2024 Statement of the Direclors Trugtee8' Responsibilitie8 The charity's trustees are responsible for the preparation of the accounts in accordance with the temis of the Companies Act 2006, the Charitie5 (Northern Iielandl Act 2008. as amended and The Charities (Accounts and Reports) Regulations (Northern Iland) 2015 In particular, the Companies Act 2006 and chaiity law require the Board of Trustees lo PT•pare financial statements lor each financial year which give 8 tnje and fair view ol the slate of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to . lo prepaie the accounts in accordance with Uniléd Kingdom Generally Accepted Accounting Practice (United Kingdom Accounkn'ng Stsndard$ and applicable law). select suitable accounting policies and apply them consislenuy,. make judgements and eslimales that are reasonable and prudent., prepare the financial slalemenls on the 90ing concem basis unless il is inappropriate lo presume that the charity will continue in busine$s', stsla wheth•r applicabl& accountlng slandafds and stslements of recommended practice have been followed, subject to any m&lerial departures disclosed and explained in Ihe financial slalemonts.. The law requires Ihal the tru51ees rnusl not approve the accounts unless they a satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity lor th8 y84r. The Trustees are a150 responsible for maintaining adequate accounting records which disclose wilh reasonable accuracy al any time the financial position of the charity and which are sufficient lo show and explain the charity's transactions and enable them lo ensure that the finanual stslemenis comply with the Companies Act 2006 and comply with iegulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for toking reasonable steps for the preventron and deleclion of fraud and other irregularities. The Trustees are a150 responsible lor the contents of the Trustees, report. and the slalulory responsibility of the Independent Examiner in relation lo the Trustees. report is limited to examining the report and ensuring that . on the face of the report. the are no material incon51sl8n¢ies with the figures disdosed In the financial $tstemonl$.
Oocuslgn Envelope10'. 7044F7S9.A6A84204.8A8E.B238F48C819B Rathgael Gymnastics and Tumbling Club Company Registraticffj Number. N16123S2 Trustees, Annual Report for the year ended 31 March 2024 Method of preparation ol accounts - Small company provisions The financial 51atemen15 are set out on pages'.l?10 2S The financial statements have been prepared implementing the FRS 102 SORP Istalemenl of Recommended Practsce for Accounting and Reporttng by Charitsès} 2015. las amended by the Bulletin issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 2019}, (The SORPI, and in accordance with the Financi81 Reporting Standard 102, {eflectsve 1st January 20161. These financial slalemènls have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to cornpanies Subject lo the small companies regime. This report was approved by the board of trustees on 17 December 2024. •d b¥.. 2A9448F1É2CA4D8._ PAr P G Y•am•n 01¢tor •nd T¥ust
WILLIAM WILSON WILLIAfvI WILSON Chaneied Accountants 25 shore FId BT189PIX +41410128 9592 0210 Rathgael Gymnasllcs and Tumbling Club Report of Iht Independent Examiner to the Trustees of the charitsble company on the accounts for the year ended 31 March 2024 I report to the Trustees on my examination of the financial statemen15 of the charitable company on pages 10 to 25 for the year ended 31 March 2024 which have been prepared in accordance with the Charities (Northern Ireland) Act 2008, as amended Ilhe Acll and wth Ihe Financial Reporting Stsndard 102. (effective 1st January 20161 as modified by FRS 102 SORP Islalemenl of Recommended Practice for Accounting and Reporting by Charitie$} 2015, las amended by the Bulletin issued in October 2018 and applicable lo 411 accovnling periods beginning on Of after 1 $1 January 20191, (The SORPI, published by the Charity Commission in Northern Ireland {CCNII and vndef the historical cost convention and the accounting policies set out on page 16. Re•pe¢tl¥e ve•ponslbllltle8 of the Tru•t••¥J •nd the Indep¢ndent Examlner and th• ba•1• of th• r•port As described on page 5, you, the charitable MpanIS Trustees. vtho are also the Directors of the Company for the purposes of Company law, are responsible for Ihe preparation of Ihe financial slatemenls in accordance with the Companies Act 2006, the Charities INorthem Ireland) A¢1 2008, as amended and all other applicable law ond with United Kingdom Generally Ac¢epled A¢¢ounling Practice. applicable lo smaller enlilies. and for being satisfied that the financial statements give a true and fair view. The Trustees consider that the audit qUIrement 01 6512) ol The Charities (Northern Ireland) Act 2008, as amended IThe Acll does not apply, and Ihal there is no requirement in the memorandum and artides of the charity for the conducting of an audit, and that the accounts do not require an audit in a¢¢ordanrx with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant lo Section 476 of the Companies Act 2006. As a consequence, the Twslees have elected that the financial statements be subject to independent examination. Having $81igfied mysell that the financial statements are not required to be audited under any legal provision. or other4vi$e, and are eligible for independent exarninalion, it is rny responsibility lo.,. al examine the financial statements of the chanty under Section 65131 of the Act.. bl follow the applicable procedures in the Direction5 to Independenl Examiners made by the Charity Commlssion in Northern Ireland and., ¢1 state whether particular matters have come to my attention. B•$ls of Independent Examlnerfs Staternent and scope of work undertaken
I conducted my examination in accordance with the Directions to Independent Examiners made by the Charity Commission in Northem Ireland, selling out the duties of an independent examiner in relation lo the conducting of an independent examination. An independent examination includes a review of the accounting records kept by th• charitable company and of the accounting systems employed by the charitable company and a comparison of the finanryal slalements presented wrth those records. It also indudes consideration of any unusual item$ or disclosures in the financial statemen15. and seeking explanations from you, as Trustees, ConMIng such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of Charity le9islalion and that. on a test basis of evidence relevant lo Ihe amounls and disclosures made. the financial slalements comply wilh the SORP. The procedures undertaken do not provide 311 the evidence that would be required in an audit. and infomiation supplied by the Trustees in the course of the examination is not subjected lo audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can Provide. Consequently, I do not expSS an audit opinion on the view given by the finaftcial slalements, and in particular. I express no opinion as lo whether the finanoal slalements give a true and fair view of Ihe affair$ of the charity, and my report is limited lo the mallers sel out in the stalemenl below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising Ihe report l obtained written assurances from the Trustee5 of all material rnaller5. Independent Examlnerfs Statement, R•port and Oplnlon Subjed to the limilalions upon the scope ol my work as detailed above. I have completed my examination.. and can confimi that'.- The accounts of this charitabl? Company are not required lo be audited under Part 16 of the Companies Act 2006,. The gross income of the charitable company in the year ended 31 March 2024 appears to exceed the sum specified in Section 65141 of the Act, namely £100000, and that l am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Member of Chartered Accountants Ireland., This is a report in respe of an examination Carried out under 65{31 of the Ad and in accordance with Directions to Independent Examiners made by the Charity Commission in Northern Ireland thich may be applicable. and thal no material matters have come to my attention in connection wlh the examination giving rne cause lo believe Ihal In any material respecl'.- accounting records ware not kept in respect ol the charity as required by Section 386 of the Companles Act 2006 and Section 63 of The Charilies (Northern Ireland) Act 2008, as amended., when preparing accounts on an accruals ba515, lo prepao financial 51alement5 which accord wlh the accounting records and comply wilh th• accounting requirements of the Act and th• Regulations setting out the fomi and ¢onlenl of chanly a¢unIS.. have been prepared in accordan with the methods and p.rinciples set out in the FRS 102 SORP (Statement ol Recommended Practice for Accounting and Reporting by Chariliesl 2015, (as amended by the Bullelin 15sued in October 2018 and applicable to all accountin9 periods beginning on or after 1 st January 2019}. (The SORPI. have been prepared in accordan¢x the methods and principles set out in Ihe FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bullelin 15sued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019). {The SORPI.
have not been mel or to which. in my opinion. attention should be drawn in my report in order to enable a proper understanding of the accounts lo be reached. Slgn¢d:. /Q/P7 William Wilson - Independenl Examiner Member of Chartered Accounlanls Ireland William Wilson Chartered Accountants 25 Shore Road Holywood BT18 9HX Thi5 Teport was slgned on 17 December 2024
Rathgael Gymnastics and Tumbling Club- Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Statement ol Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006) SORP R•1 Current yè•r Unrestrlcted Funds Current ye•r Re$¢rl¢tgd Vundl Curr¢nt ye•r Tol41 Fund• Prlor Ye•r Tol•l Fund¥ 2024 2024 2024 2023 Incomè & Endowments from: Donallons & L•ggcies A1 362.812 362,812 331,788 Total Income 362,812 362.812 331.788 Exp•ndSture on: Charitable adivities 82 227.826 227,826 249,413 Total exPendIre 227,826 227,826 249.413 Net Incom• for th• y••r 134.986 134,980 82,375 Net Incorne after transfers A-B-C 134,9BS 134.986 82.375 N•t movem•nt in fund$ 134,986 134,986 82.375 Reconclll•tlon ol fund•:. Total funds brought fonYJrd 185,836 185,836 103.461 Total funds ¢affl•d forwaid 3ZO.822 320,821 18S 836 The 'SORP Ref indicated above is the dassfficalion of income sel oul in th8 fomial SORP documenls. As required by pafagraph 4.60 01 the SORP, Ihe brought forward and carried forward fvnds above have been agreed to the 8alan¢e Sheet. A S141em•nl ol Tot81 Recognised Galns and Losses Is Included as • primary sl•l8menl in t10 accounts. All the prior year trangaclions were unreslriaed tiems, and no fvrther anatysis is required All activities derlve from continulng operations 10
Rathgael Gyrnnastlcs and Tumbling Club- Statement of Flnancial Actlvltles for tha year ended 31 March 2024 Statement of Total Recognised Gains and Losse$ for the year ended 31 March 2024 2024 2023 Surplus for the year :_ Nel excess of income over expenditure from operabons before ljx 61.677 82,375 61.677 82.375 Incom• from operations before ta¥ in the Statement of Finaneial Actlvltés D•ll¢l¢ •$ $hown In th• Ineom• *naT Exp•ndlture Kcount 61.677 82,375 Add/{deduct) non Incomfj anaT expendlture Items... N•t Movtm•nt In funds before taxatlon 61.677 82.375 Funds generated In the year a8 shown on Stat•m•nt of Flnanclal Actlvltles 61,677 82.375 The noles allached on pages 16 to 25 10rn7 an Integral part of these ac¢ounts.
Rathgael Gyrnnastlcs and Tumbling Club- Statement of Flnancial Actlvltles for the year ended 31 March 2024 Movements in revenue and capital funds for thg year ended 31 March 2024 Revenue accumulated funds Unrestrficted Restrl¢ted Total La$t year Total Funds 2023 Funds Funds Fun 2024 2024 2024 Accumulated funds brought forward 185.836 185.836 103.461 Recognised gains and losses before Iransfers 134.986 134,986 82,375 320.822 320.822 185,836 Clo$lng rev¢nut funds 320,822 320,822 185,836 Summary of lunds Unr••¢rlct•d and De•lgn•t•41 fvnd• 2024 RMtrlct•d F•Jnd• Tot•1 Funds L••t Y•v Tot•1 Fund• 2024 2024 2023 Revenue 4ccumulal•d fvnds 320.822 320.822 185.836 Total lunds 320,822 320,822 185,836 The notes altached on pages 16 to 25 fomi an Integral part ollhose accounts. 12
Rathgael Gymnastics and Tumbling Club - Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Rathgael Gymnastics and Tumbling Club Income and Expendlture Account lor the year ended 31 March 2024 as required by the Companies Act 2006 2024 2023 Income Income from operats'ons 362,812 331,788 Gr¢)ss Income In thè year tOre •xceptlonal Items 362.812 331.788 Gr8 Incom• In the year Includlng •xc•ptlonal It•m• 362,812 331,788 Expenditure Charitable expenditure, excluding depre¢ialion and amorti$alion Depreciation and amortisalion Governance co$lJ 204.914 11.564 11,348 225,155 6.104 18,154 Total exp•ndllur• In th• y•ar 227.J28 249,413 Net Income before tax In the flnancial year 134,986 82,375 Tax on surplus on ordinary aciivllies Net Income aft•r tax In the flnanclal y•ar 134,980 82.375 ReLilned surplus lor Ihe flnanclal year 134.986 82.375 All activities derive from continuing operations In accordance with the provisions of the Companies Act 2006, the headlngs and subheadinys used in the Income and Expenditure account have been adapted to reflect the speaal nature ol the charity's aclivities. Th¢ notes attached on pages 16 to 25 form an Integral part of these accounts. 13
Rathgael Gymnastics and Tumbling Club - Balance Sheet as at 31 March 2024 SORP Note Ref 2024 2023 Fixed assets Tangible assets 55,815 18,312 Current a$$els Debtors Cash at bank and in hand 8 B2 B4 6.787 245,881 273.847 Total eurr•nl assets 273.847 252,668 Credltors: amounts lalllng due wlthln one year 9 C1 18,840) (85.144 Nel current assets 265.007 167,524 The totsl net •$$ets of the ¢harlty 320,822 185.836 The lotal net ••$¢ts ol the eharltyarn funded by ihe funds of the charity, as follovrd:. Re$tricted fund$ Unrestricted Funds Unrestricted Revenue Funds 12 D3 320,822 185.836 320,822 185,836 Deslgnated Fund$ Totsl ¢harlty funds 320,822 185,836 14
Oocusiyn Envelope10.. 7044F759-A6A84204-8A6E-B238F48C8198 Rathgael Gymnastics and Tumbling Club- Balance Sheet as at 31 March 2024 The'SORP Ref indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. The directors are satisfied that the company is entltled 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 aCknOedge their responsibilities for complying with the requirements ol the Companies Act 2006 vith rèspect 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 The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subjecl to the small Companies regime. 2A9148FIE2CA¢D8... Mr P G Y•Jm•n Trust•• Approved by the board of Iruslees on 17 December 2024 Company Registration Number:N1612352 Th¢ notes attached on pages 14 to 2Eform an integral part of the80 accounts.
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 1 Accountlng policies Policies relating lo the produ¢tlon ol the accounts. Basis of preparation and accountlng ¢onvention The accounts have been prepared on the accruals basis. under the historical cost convention. and in accordance with the Financial Reporting Slandard 102, (effective 1st January 20161 and'FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015. (as amended by the Bulletin issued in October 2018 and applicable lo all accounting periods beginning on or after 1 st January 2019), (The SORPI, published by the Charity Commission in Northern Ireland ICCNI) . effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration. Golng Concern The charitable activities are entirely dependent on continuing membership subscriptions. As a consequence. the going concem basis Is dependent on the future flow of these uncertain lunding streams. Accordlngly, the Trustees have oblained forecasts and, after reviewing ihe financial forecasts lor future periods to 31 March 2024. the Trustees are salisfied that, al the lime of approving the financial statements, it is appropriale to adopt the going concern basis in preparing the financial slatemenls. Other than these matters, the Tnjslees are not aware of any material uncertainltes about the charity's ability to continue as a going concem. Rls*s and future assumptions The charity 15 a public benefit entity. Pollcles r•lallng to categorles of Incom• and Income r•cognltlon. Nature of Income Gross income represents the value. net of value added lax and discounts, of goods provided lo customers and work carried out in respect of services provided lo customers. Categorles ol Income Income is categorised as income from exchange transactions (contract income) and income from non- exchange transactions (gifts), investment income and other income. Incomé from •xchang• transactlon8 Is received by the charity for goods or services supplied under contract or where enlillement is subject lo fulfilling performance related conditions. The inGome the charity reGeives is approximately equal in value to the goods or 5erwces 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. 16
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 Income recognition Income, whether from exchange or non exchange transactions. is recognised in the statement of financial aclivities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduclion in its liabilities and only when the charity ha5 legal ents'tlemenl, the Income is probable and can be measured reliably. Dividends are accnjed when the shareholderfs right to receive payment is established. Income subject lo lemis and condilions which mvsl be mel before Ihe charlty Is entitled lo the resources is not recognised until the conditions have been met. All income Is a¢counted for gross. belore deducting any related fees or costs. Accountlng for deferr•d In¢om• and Income recelved In advanc? Where terms and conditions relating to income have not been mel or uncertainty exists as lo whether the charity can meet any terms or conditions otherwise within its control. income is not recognised but is deferred as a liability Ljntil it is probable that the temis or conditions imposed can be met. Any grant that is subject lo perfomance-related condillons recelved In advance ol deliverlng the goods and serrfices required by that condition, or is subjecl lo unmel condilions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred 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 thè conditions applylng lo the gift not being wholly wlthin the control of the reciplenl charity. il is disclosed as a contingent assel if receipt of Ihe grant or donatlon is probable once those conditions are mel. Where lime related conditions are imposed or implied by a funder. then the income is apportioned to the time periods concerned.and. where applicable, is accounled for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity lunded by them, bul there are no specific tlme related conditions, then the Income Is not delerred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable. Mernbershlp •ubscrlptlon• The income and any associated Grfi Aid or other tax refund from a membership subscription received by the charity in Ihe nature of a gift, is accounted for on the same basis as a donation. The income from a mefflbership subscription received by the charity where the subscTiPtion purchases the right lo seNices or benefits Is recognlsed as Income from charltable activlties. 17
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 Policies relating to expenditure on goods and seThices provided to the charity. Recognition of Ilabllltles and expenditure A liability. and the related expenditure. is recognised when a legal or constructive obligation exists as a resutt of a past event. and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when ihe amount of the obligation can be measured or reliably eslimaled.. Liabilities arising from future fundlng commitments and constructive obligalions, including performance relaled grant5. where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounling year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utili5alion of any provision within the period, 8nd reversed if any provision is no longer required. These movements are charged or credited lo the respective funds and activilies to which the provision relates. Volunteers In accordance wilh the SORP. and in recognition of the difficultie5 in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income ol the charlty. However. the trustees value the significant contribution made to the activities ol the charity by unpaid volunteers. Pollcl•s r•lating to assets, Ilablllties andprovislons and other matt•rs. Tangible lixed assets Tangible fixed assets are measured al their original cost value, or subsequent revaluation, or if donated, as described above. Cosl value incSudes all costs expended in bringing the asset into its intended working condilion. Depreclalion has been provided al the followlng rates in order lo write off the assets to their anlicipaled residual value over their estimated useful lives. Gym equipment Office equipment 25 % straight line 33.3 Vo slrai9ht line A regular annual review ol the likelihood of asset impaimienl is undertaken. Deblors Debtors are measured al thelr recoverable amounts al the balance sheet date. Cash and bank balances Cash held by the chartty is included al the amounl actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown al the amounts properly reconciled to Ihe bank slatements. Fund Accounting Unrestricted funds are available for use at the discretion of the Irustees in furtherance of the general objectives of the charity- 18
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 2 Liability to taxation The Trustees consider that the charity satisfies the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingty. the Charity is polentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 258 of the Taxalion of Chargeable Gains Act 1992, to the extent that such income or gains are applied exdusively 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 relevant costs in the Statement of Financial Activities. 3 Wlndlng up or d18s01utlon of the charlty If upon winding up or dissolution of the ¢haTity there remain any assets, after the satisfaction of all debts and liabilities. the assets represented by the ac¢umulated fund shall be transferred to some other charitable body or bodies having similar objects lo the ¢harity. 4 N•t $urplu8 before tax In tho nnanclal y•ar 2024 2023 The nel surplus before tax In the financial year is slated after charging:" Depreciatlon of owned fixed assets 11,564 6,104 S Staff costs and emoluments Salary Costs 2024 2023 Gross Salaries excluding trustees and key managemenl personnel 140,292 100,528 Total salarles, wages and related costs 140,292 100,S28 The average number of part tlme staff employed in the year was 20 16 Neither the trustees nor any persons connected with them have received any remuneration from the charity or any relaled entity, eilher in the current or prior year. No employee received more than £60,000 in remuneration in the year. 6 Remuneratlon and payments to Trustees and persons conne¢ted wlth them No trustees or persons connected with them reGeived any remuneration from the charity, or any related ents'ty. 19
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 7 Tangible fixed assets Current Year Plant & Machinery Total Cost At 1 Aprll 2023 Additions 191.489 49.067 191.489 49.067 At 31 March 2024 240.556 240.556 DepreclatloTr At 1 April 2023 Charge for the year 173.177 11.564 173,177 11,564 At 31 March 2024 184.741 184,741 Net book v•lu• At 31 March 2024 At 31 March 2023 18,312 18,312 Oebtors 2024 2023 Prepayments and accrued income PAYE 3,975 2.812 6.787 9 Credltorg: amounts lalllng due wlthln one year 2024 2023 Trade creditors Accruals PAYE. NIC VAT and other laxes 12,828) 11,284 384 12,270) 87,414 8.840 85.144 10 Income and Expendlture account summary 2024 2023 At 1 Aprfl 2023 Surplus after lax for the year 185,836 134,986 103,461 82.375 At 31 March 2024 320.822 185.836 20
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 11 Particulars of how particular funds are represented by assets and liabilities At 31 March 2024 Unrestricted Designated Restricted funds funds funds Total Funds Tangible Fixed Assets Current Asset5 Current Liabilities 55,815 273.847 18,840) 55,815 273,847 18,840) 320,822 320,822 At 1 Aprll 2023 Unrestrlcled Deslgnated Restrlcted funds funds funds Total Funds Tangible Fixed Assets Current Assets Current Liabilitses 18.312 252.668 (85,144) 18,312 252,668 185.1441 185,836 185,836 12 Change In total fund8 over the year as shown in Note 11 , analysed by individual funds Funds brought forward from 2023 Movement Transfers In funds In between 2024 funds In 2024 Funds ¢arrled lorward to 2025 See Note 13 Unrestrlcted and deslgnated funds... UnrestriGted Revenue Fund5 185,836 134,986 320,822 Totsl unr•$trl¢t•d and d•$lgnated lundi 185,836 134,986 320,822 Total ¢harity funds 185,836 134,986 320,822 13 Analysis of rnovements in funds over the year as shown in Note 12 Other Expenditure Gains & Losses 2024 Income Movement in funds 2024 2024 2024 Unrestrlcted and deslgnated funds... Unrestricled Revenue Funds 362,812 (227,8261 134,986 362.812 227.826 134.986 21
Rathgael Gymnastics and Tumbling Club Notes to the Accounts for the year ended 31 March 2024 14 The purposes for which Ihe funds as detailed in note 12 are held by the charity are:. Unrestricted and designated funds... These funds are held lor the meeting the objects'ves of the charily, and lo provide reserves for future activits'es, and subject to charity legislation, are free from all restrictions on their use. Unrestricted Revenue Funds 15 Ultlmate controlling party The charlty is under the control of its legal members. Every member of the chanty is obliged to conlribule such amount as may be required not exceeding £1 to the assets of the company in the event ol ils being wound up while he or she is a member, or within one year after he or she ceases to be a member. 22
Rathgael Gymnastics and Tumbling Club Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015 This analysis is elassslfled by eonventlonal nomlnal descrlptlons and not by activity. 16 Donations, Grants and Legacies Currenty•4r Unrostri¢t•d Funds Cufr•nt y••r R•5tTl¢t•d Funds Curr•nt y*•r Totsl Fund• Prlor Y••r Totsl Funds 2024 2024 2024 2023 M•mb•rsNp subscrlptlons as donatlons 362,812 362,812 331.788 Total Donatlons, Grants and Legacies Total Donations. Grant8 and Legacles A1 362.812 362,812 331,788 23
Rathgael Gymnastics and Tumbling Club Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015 17 Support costs for charitable a¢tivitie• Current yèar Unrestricted Fund$ Currènt yèar Re$tricted Funds Current year Prlor Year Total Funds Total Funds Current Year 2024 2024 2024 2023 Employee Costs not Included In dlre¢t costs Other salaries Slaff Iraining Travel and subsistence - staff 140,292 1.730 439 140,292 1,730 439 100,528 2,202 Premlses Expenses Renl payable under operating leases Service charges payable Lighl he81 and power Cleaning and waste management Premise5 repairs, renewals and maintenance Property insurance 110,0731 19351 10,571 4,642 110.0731 19351 10,571 4,642 28,500 5,500 16.941 3,597 18,752 18,752 6,273 1,599 1.599 2.068 Admlnlstratlv• overheads Telephone, fax and intemet Stationery and printing Subscriptions to periodicals Hire of equipment Advertising and marketing Committee and sundrie8 Computer equipmenl Event costs Clothing Badgework 1,322 796 158 1841 3,191 368 1,133 25.227 2,837 2,015 1,322 796 158 184) 3,191 308 1,133 25.227 2,837 2,015 1.070 730 700 551 1.031 48,595 3.024 2,678 Financlal costs Bank charges Deprecialion & Amortisation in tolal for 934 11,564 934 11,564 438 0,104 Support costs before r•allocation 216,478 216.478 231.259 Total support costs - Current Year 216,478 216.478 231.259 Al the expenditure in the prior year was unrestricted. 24
Rathgael Gymnastics and Tumbling Club Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015 18 Other Expenditure - Governance costs CyrreTrt y•ar Uniestricted Fund• Current year Re$trl¢t•d Fund Current year Tot•1 Fund• Prior Year Tot•1 Fund• Current Year 2024 2024 2024 2023 71 Independent Examinerfs fees Bookkeeping Professionallconsultancy fees 3,480 2,400 5,468 3.480 2,400 5,468 3,240 2.400 12.S14 Total Governance costs 11,348 11,348 18,154 All the expenditure in the prior year wa5 unrestricted. 19 Total Charitable expenditure CuTr•nt y¢or Unr••tri¢t•d Fund• Current y••r Rg•trl¢t•d Funds 2024 Current year Total Funds Prlor Year Tot•1 Fund¥ Current Year 2014 2024 2023 Total support costs Total Governance costs B2d 82e 216,478 11,348 216,478 11.348 231,259 16,154 Totsl charltsble expenditure 82 227.826 227.826 249,413 All the expendiiure in the prior year was unrestricted. Pilor Y•ar Unr•strict•d Funds Prlor Y•ar R•Jlrlct•d Funds Prior Y•ar Totsl Funds Prior Year 202J 2023 2023 Total support costs Tolal Governance costs 82d B2e 231,259 18,154 231.259 18,154 Tot•1 ¢hJritsble expenditure 249,413 249,413 25