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
#159

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 be￿etn 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
clyn￿nY R89i$tr8iion Number- N1612352
Trustees. Annual Report for the year ended 31 March 2024
Statement of the Direclors Trugtee8' Responsibilitie8
The charity's trustees are responsible for the preparation of the accounts in accordance with the
temis of the Companies Act 2006, the Charitie5 (Northern Iielandl Act 2008. as amended and
The Charities (Accounts and Reports) Regulations (Northern I￿land) 2015
In particular, the Companies Act 2006 and chaiity law require the Board of Trustees lo PT•pare
financial statements lor each financial year which give 8 tnje and fair view ol the slate of affairs of
the charity as at the end of the financial year and of the surplus or deficit of the charity. In
preparing those financial statements the Board is required to .
lo prepaie the accounts in accordance with Uniléd Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounkn'ng Stsndard$ 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 FI￿d
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, Con￿MIng 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 exp￿SS 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$¢rl¢tgd
Vundl
Curr¢nt ye•r
Tol41 Fund•
Prlor Ye•r
Tol•l Fund¥
2024
2024
2024
2023
Incomè & Endowments from:
Donallons & L•ggcies
A1
362.812
362,812
331,788
Total Income
362,812
362.812
331.788
Exp•ndSture on:
Charitable adivities
82
227.826
227,826
249,413
Total exPendI￿re
227,826
227,826
249.413
Net Incom• for th• y••r
134.986
134,980
82,375
Net Incorne after transfers
A-B-C
134,9BS
134.986
82.375
N•t movem•nt in fund$
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 t￿10 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
Gr￿8 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 aCknO￿edge 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