Newtownstewart Leisure Complex Limited (Company limited by guarantee) Trustees, report and financial statements for the year ended 31 December 2022 Registration number: N1037545 Northern Ireland Charity number: NIC102795 McFarland Ariiold & Co Chartered Accountants
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Contents for the year ended 31 December 2022 Page Legal and adininistrative infoi'mation Trustees, report Independent auditors, I'eport Stateinent of financial activities Balance sheet Notes to the financial statements 9-16
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Legal and administrative information for the year ended 31 December 2022 Legal statu5 The coinpany is a private lirnited company, limited by guarantee, which was incorporated under the Companies (Northern Ireland) Order 1986 under Registration Nuinber N1037545. It is also recognised as a chai'ity by the HM Revenue & Customs under Refei'ence Number XR38087. The company is a registered charity with the Charity Commission for Northern Ireland since 6 August 2015 under registration number NIC102795. Trustees Mr J H Dillon (deceased 8 September 2022) Mr R H Dillon (appointed 19 June 2023) Mi. R Donnell (appointed 19 June 2023) Mr C N Hamilton Mr J C Hainilton (appointed 19 June 2023) Mrs H Henderson Ms S Kilpakn'ick (appointed 19 June 2023) Mr M McAnnulla Mrs A Mccoiinick Mr L C J Mccormick Mr G J Mccorinick (appointed 19 June 2023) Mr A Moran (appointed 19 June 2023) Secretary Mrs H Henderson Company number N1037545 Registered office Grange Court 21-27 Moyle Road Newtownstewart Co Tyrone Auditors McFarland An)old & Co 8 Main Street Newtownstewart Co Tyrone Business address Newtownstewart Centre 2000 17 Moyle Road Newtownstewart Co Tyrone Bankers Danske Bank Donegall Square West Belfast Co Antrim Solicitors Mr J J Roche 9 Castle Brae Newtownstewart Co Tyrone Page I
Newtownstewart Leisure Complex Limiteij (Company limited by guarantee) Trustees, report for the year ended 31 December 2022 The trustees present their report and the financial stateinents for the year ended 31 Deceinber 2022. Directors orficers of the coinpany, known as directors for Ihe piirpose of company law and trustees for the purpose of charity law. who served during the year and up to the date of this report are set out on page l. Meinbers of the charitable company guarantee to contribute an amount not exceeding £ I to the assets of the charitable company in the event of winding up. Charitable objects The charity was established to improve the conditions of life for the inhabitants of the Newtownstewart and District orea. To achieve this object, the coinpany aims to advance education and provide facilities, in tlie interest of social welfai'e, for recreation or other leisllre-tiine occupation for the inhabitants of the area. They aim to achieve this through participation of statutory bodies, voluntary organisations and indeed the inhabitants themselve5. In fui'tlierance of the objects, the coinpany built and now manages Newtownslewart Centre 2000, which not only provides facilities for a range of spoiting and educational activities, but provide5 accominodation for the local playgroup and Sure Start group. Newtownstewart Leisure Coinplex Limited is a registered charity Wlth the Charity Coinmission for Northern Ireland Since 6 August 2015, under registration nuinber NIC102795. Organisational structure The trustees meet regularly, administer the charity and make all policy decisions. In accordance with the Articles of Association the nuinber of directors shall not be less than three and one third are to retire each year by rotation. complex manager is appointed by the directors to manage the day-to-day operations of the charity. Related parties The charity has a close relationship wÈth Newtownstewart Development Association Limited because it has comjnon directors. A suirnnary of Ibe related party transactions is set out in note 17 to the financial slalemenls. Review of activities and achievements The results reflect the activities for Newtownstewart Centre 2000 carried out during the year ended 31 December 2022. During the year, the company continued lo lease accommodation to the local playgroup and Surestart group. The company has a Service Level Agreement with Derry City & Strabane Disctri¢t Council amounting to £37,500 per annum for the foreseeable future. Other small grants funded by Public Health Agency (CLEAR pi'oject), Derry City & Sts'abane District Council (Cominiinity Support Fund ) and Dfc Volunteei'ing Sinall Grants (AIVC) have eiiabled the charity to provide free educational and recreational Classes for local people. The company also secured fiinding towards the 'Active Together" Project froin the Policing & Cominunity Safety Partnership. Reserves The results for the year are set out on page 7. The purpose of the ndS are outlined in the notes to the financial stateinents. Statement of trustees, responsibilities The Trustees are responsible for prepai'ing the Trustee5' Report and the financial stateinents in accoi'donce with applicable law and regulations. Page 2
Neivtoivnsteivart Leisure Complex Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2022 Company law and charity law requires the Trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice) including 'Accounting and Reporting by Charities.. Statement of Recommended Practice, (FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the profit or loss of the company for that year. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently> make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards and statements of recornmended practice have been followed Subject to any departures disclosed and explained in the financial statements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable thein to ensure that the financial statements comply with the Companies Act 2006 and with the Charities Act (NI) 2008. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. Statement of disclosure of information to auditors So far as each of the trustees in offLce at the date of approval of these financial statements are aware: there is no relevant audit infomiation of which the company's auditors are unaware, and the trustees have taken all the steps that they ought to have taken to make theinselves aware of any relevant audit infonnation and to establish that th¢ company's auditors are aware of that information. Auditors Although the company qualifies for audit exemption an audit is required to be carried out by the funders Derry City & Strabane Di5trÈct Council. In accordance with Section 485 of the Companies Act 2006, a re501ution proposing that McFarland Arnold & Co be reappointed as auditors of the charity will be put to the Annual General Meeting. Special provisions relating to small companies This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was approved by the trustees on l 8 September 2023 and signed on its behalf by Signature: Name (in block capitals): Trustee Page 3
Newtownsteivart Leisure Complex Limited (Company limited by guarantee) Independent auditors, report to the committee of Newtownstewart Leisure Complex for the year ended 31 December 2022 Opinion We have audited the financial statements of Newtown5tewart Leisure Coinplex Limited for the year ended 31 December 2022 which coinprise the statement of financial activities, the balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdoin Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including 'Accounting and Reporting by Charities; Stateinent of Recominended Practice, (Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,). In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of the in¢oining resources and application of resoiirces, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice including 'Accounting and Reporting by Charities. Slalement of Recommended Practice, (Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK & Republic of li'eland'}' have been pi'epai'ed in accordance with the requireinents of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Oiir responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial stateinents section of our repoit. We al'e independent of the charitable coinpany in accordance with the ethical reqiiirements that are relevant to oiir audit of the financial stateinents in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained is sutyicient appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stateinents, we have coneliided that the company's use of the going concern basis of accounting in the preparation of the financial stateinents is appi'opriate. Based on the work we have performed, we have not identified any Inaterial unceitainties relating to events or conditions that, individually or collectively, Inay cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitie5 of the directors of Newtownstewart Leisure Coinplex Limited with respect to going concei'n are described in the relevant sections of this report. Other information The othei. information coinprises the infonnation included in the annual report, other than the financial stateinents and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other inforination and, except to the extent otlierwise explicitly stated in our i'eport, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial stateinents, our responsibility is lo l-ead the other infoiination and, in doing so, consider whethei. the othei. information is materially inconsistent with the financial statements or oui. knowledge obtained in the audit or otherwise appears to be materially Inisstated. If we identify such inatei'ial inconsistencies or appai'ent material inisstatements, we are reqiiii'ed to detennine whether there is a matei'ial misstateinent in the financial statements or a material misstateinent of the other information. If, based on the work we have pei'formed, we conclude that there is a Inatei'ial Inisstatement of this othei. infonnation, we are reqiiired to report that fact. We have nothing to report in this regard. Page 4
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Independent auditors, report to the committee of Newtoivnstewart Leisure Complex Limited for the year ended 31 December 2022 Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforination given in the trust¢es' report for the financial year for which the financial statements are prepared is corksistent with the financial statements- and the trustee's report has been prepared in accordance with applicable legal requirements. Matters on Jvhich Ive are required to report by exception In the light of the knowledge and understanding of the charitable coinpany and its environment obtained in the course of the audit, we have not identified material Il$StateMentS in the trustee5' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:_ adequate accounting records have not been kept, or retiims adequate for our audit have not been received from branches not visited by u5. or the financial stateinents are not in agreement with the accounting records and returns. or erlain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit. or the trustees were not entitled to prepare the financial statements in accordance with the small Coinpanies regime and take advantage of the small companies, exemption from the requirement to prepare a Strategic report. Responsibilities of the trustees As explained more fully in the statement of trustees responsibilities, the trustees are responsible for the prepai-ation of the financial statements and for being satisfied that they give a true and fair view, and for such internal contt'ol as the trustees detennine is necessary to enable the preparation of fancIal stateinents that are free from material misstatement, whether due to fraud or error. In prepariiig Ibe financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees eithei. intend to liquidate the charitable company or to cease opei'atioiis, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's I'epoit that includes our opinion. Reasonable assurance is high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a inaterial misstatement when it exists. Misstatements can arise from fi'aud or error and are considered matei'ial if, individually or in the aggi'egate, they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of these financial statements. A furtl)er description of our i'esponsibilities for the audit of the financial statements is located on the Finaiicial Reporting Council's website at www.fi'c.org.uk. This description forins part of our auditor's report. We have undertaken the audit in accordance with the requirements of Auditing Practices Board's (APB'S) Ethical Standards for Auditors. including APB Ethical Standards - Provisions A vailable for Sinall Entities as Stated below: In coininon with ianY other biisinesses of the company size and nature we as auditors assist the company with the prepai-ation of the financial statements- and We provide tax advice lo the company and where necessary, will represent the company at tax tribunals. Page 5
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Independent auditors, report to the committee of Neivtownstewart Leisure Complex Limited for the year ended 31 December 2022 Purpose of our audit work and to whom we owe our responsibilities This report is made sole5y lo the charitable company's members, as a body, in accordance with the Coinpanies Act 2006. Our audit work has been undertaken so that we might state to the chai'itable coinpany's members those Inatters we are required to state to them in an auditoi s report and for no other purpose. To the fullest extent pei'mitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for tl)e opinions we have formed. Mrs Wendy Arnold (senior statutory auditor) For and on behalf of MeFarland Arnold & Co Chartered Accountants & Statutory Auditors Dated: i % C)e-ftr'r<fv McFarland Arnold & Co Chartered Accountants 8 Main Street Neivtownstewart Co Tyrone BT78 4AA Page 6
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Statement of financial activities (including Income and Expenditure Account) for the year ended 31 December 2022 Unresti'ieted fund5 Restricted funds 2022 Tolal 2021 Total Notes Incoming resources Grants Activities in fiiriherance of the charity's objects Investment incoine 79,736 79,736 78,622 25,837 18 25,837 18 15,575 Total incoming resources 25,855 79,736 105,591 94,202 Resources expended Consumable equipment Refreshments Staff costs Water rates Workshoplprograinme costs Insui'ance Light and heat Cleaning Repairs and maintenance PrÉnting, postage and stationery Adveitising Telephone Computer costs Accountancy fees Audit fees General expenses Subscriptions Depreciation and ainortisation Interest and charges 4,138 443 45,460 868 32,790 3,389 14,570 788 5,007 737 74 1,054 921 2,680 850 906 25 2,037 728 4.138 443 45,460 868 32,790 3,389 14,570 788 5,007 737 74 1,054 921 2,680 850 906 25 24,902 728 105 38.917 637 11,090 3,432 6,565 547 3,506 210 136 1,004 2,882 2,975 850 505 50 24,902 636 22,865 Total I'esources expended (117,465) {22,865) (140,330) (98,949) Net incoming resources before transfers (91,610) 56,871 (34,739) (4,747) Transfers between fvnds 92,971 (92,971) INet movement in funds 1,361 (36,100) (34,739) (4.747) Total funds brought fonvard 15,515 561,554 577,069 581,816 Total funds carried forward 16,876 525,454 542,330 577,069 The notes on pages 9 to 16 form an integral part of these financial statement5. Page 7
Newtoivnstewart Leisure Complex Limited (Company limited by guarantee) Balance sheet as at 31 December 2022 2022 2021 Not&5 Fixed assets Tangible assets li 548,357 573,259 Current assets Debtor5 Cash at bank and in hand 12 15,803 33 9,124 15,642 15,836 24,766 Creditors: amounts falling due within one year 13 (21,863) (20,956) Net current (liabilities}lassets (6,027) 3,810 Net assets 542,330 577,069 Funds Unrestricted funds: General fund Restricted funds 14 15 16,876 525,454 15,515 561,554 542,330 577,069 The company is registered as a private limited company in Northern Ireland under Registration Number N1037545. The financial statement5 have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities (FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ereland") and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board on 18 September 2023 and signed on its behalf by Signature: Name (in block capitals): Joe M"CO Hi CK Trustee l Lrokj Trustee The notes on pages 9 to 16 form an integral part of these financial Statements. Page 8
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 General information The company is a pi'ivate limited company, limited by guarantee, which was iiicorporated uiidei. the Companies (Northei'n Ireland) Order 1986 under Registt'ation Number N1037545. It is also re¢ognised as a charity by the HM Revenue & Custoins undei. Reference Number XR38087. The company is a registered charity with the Charity Cominission for Northern Ireland since 6 August 2015 under registration nuinber NIC102795. The address of the registered office is Grange Court, 21-27 Moyle Road, Newtownstewart, Co Tyrone, BT78 4AP. Statement of compliance These Iinancial statements have been prepared in compliance with Accounting and Reporting by Charities: Statement of Recomtnended Practice (FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,) and in accordance with the Companie5 Act 2006. Accounting policies Basis of preparation The financial stateiments are prepared under the historical cost convention and in accordance with Accounting and Repoiting by Charities: Stateinent of Recommended Practice {FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,) The charity has taken advantage of the exemption in FRS 102 Section IA from the requirement to produce a cashflow statement because it is a small charity. The presentation currency of these financial statements is sterling. Ineoming resources Incoine from donations and grants, including capital 'an15. is included in incoming resources when these are receivable, except as follows.. When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. When donors impose conditions which have to be fulfilled befoi'e the chai'ity becomes entitled to use such incoine, the income is deferred and not included in incoming resources until the pre-conditions foi. use have been Inet. When donors specify that donations and grants, including capital grants, are for a particular restricted purposes, which do not amount to pre-conditions regarding entitleinent, this income is included in incoming i'esources of restricted funds when receiveable. The value of services provided by volunteers has not been included. 3.3. Interest receivable Interest is included when receivable by the charity. Resources expended All expenditure 15 accounted for on an accruals basis. Page 9
Newtownstewart Leisure Complex Limited (Company Ixmited by guarantee) Notes to the financial statements for the year ended 31 December 2022 Taiigible fixed assets and depreciation Tangible fixed assets costing mol'e than £500 are capitalised and included at their purchase costs, together with any incidental expenses of acquisition. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows.. Freehold land Fi'eehold property Fixtures, fittings and equipment nil 20/0 Straight line l O % straight line120 % straight line froin l January 2020 No depreciation is charged until the assets ore broiight into Use by the company. The carrying value5 of tangible fixed assets are reviewed annually for impairment if events or changes in circuinstances indicate the carrying value may not be recoverable. 3.6. Fund accounting Unrestricted funds relate to general ndS which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are ndS which are to be used in accordance with specifi¢ restrictions imposed by donors or which have been raised by the chai'ity for particular purposes. The cost of raising and administering such ndS are chai'ged against the specific fund. The aim and use of each restt'icted fund is set out in the notes to the financial statements. Taxation The coinpany is registered as a charity for tax purposes under reference number XR38087. As a chai'ity, Newtownstewait Leisure Coinplex Limited is exeinpt froni tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these are applied to its charitable objects. No tax charges have therefore ai'isen for the coinpany for the year ended 31 December 2022. Impairment A review for indicators of impairment is carried out at each reportÈng date, with the i'ecoverable amount being estimated where such indicatoi's exist. Where the carryiiig value exceeds the I'ecoverable amount, the asset is iinpaired accordingly. Prior impairments are also i'eviewed for possible reversal at each reporting dale. Wheii it is not possible to estiinate the recoverable amount of an individual asset, an estiinate is made of the recoverable amount of the cash-generating unit to which the asset belong5. The cash-generating unit is the sinallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Page 10
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instruillent. Basic financial instriiinents are initially recognised at the transaction price, unless the arrangement constithtes a financing traiisaction, where it is i'ecognised at Ihe present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruinents are subsequently measured at amortised cost. Financial assets that are Ineasui'ed at cost oi. amorlised cost are reviewed for objective evidence of iimpairnient at tlie end of each repoiting dale. If there is objective evidence of impairment. an impairment loss is i'ecognised in profit or loss iminediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for iillpainnent. other financial assets or either assessed individually oi. gi'ouped on the basis of siinilai. credit risk charactei'istics. Any reversals of iinpaii'inent are recognised in profit or loss iinmediately, to the extent that the reversal does not i'esult in a carrying ainount of the financial asset that exceeds what the carrying amount would have been had the impairinent not previously been recognised. Grant income Restricted funds 2022 2021 Rapid HMRC Job Retention Scheme Heart Research UK Western Trust Rural Housing Department for Com]nunities Public Health Agency - CLEAR Project DeiTy City & Strabane District Council Deiry City & Strabane District Council SSE Airtricity Coin]nunity Fund Derry City & Strabane District Council Covid 19 Big Lottery 1,500 1,500 19,243 9,366 1,948 415 9,366 1,948 415 3,650 732 9,857 770 500 39,375 4,495 4,000 3,687 21,320 4,000 3,687 21,320 37,500 37,500 79,736 79,736 78,622 Pagell
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 Activities in furtherance of the charity's objeets Unrestricted funds 2022 2021 Incoine from hire of halls and leisure facilities Rent I'eeeived froin playgroup Rent i'eceived from Sure Stait Refreshments 13,700 3,250 8,040 847 13,700 3,250 8.040 847 4,268 3,250 8,040 17 25,837 25,837 15,575 Investment income Unrestricted funds 2022 2021 Bank interest 18 18 18 18 Net movements in funds 2022 2021 Net Inovement in funds 15 Stated after charging.. Depreciation and other amounts written otTtangible assets Auditors, remuneration 24,902 850 24,902 850 and after crediting.. Transfers between funds: Release of revenue gi'ants 92,971 70,285 Auditors, remuneration 2022 2021 Auditors, reinunei'ation - audit of the financial statements 850 850 Page 12
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 Employees Number of employees The average monthly nuinbers of employees (including the trustees) during the yeai. were: 2022 Number 2021 Number Administration Trustees Leisure coinplex attendants 13 14 Employment costs 2022 2021 Wages and salaries 45,460 38,917 10. Trustees, emoluments The trustees neither received nor waived any emoluinents during the year. Land and buildings freehold Fixtures, rittings aild equipment 11. Tangible fixed assets Total Cost At l Januaiy 2022 At 31 December 2022 938,844 938,844 69,150 69,150 1,007,994 1,007,994 Depreciation At l January 2022 Charge for the year 375,286 21,730 59,449 3,172 434,735 24,902 At 31 Decembei. 2022 397,016 62,621 459,637 Net book values At 31 Decembei. 2022 541,828 6,529 548,357 At 31 Decembei. 2021 563,558 9,701 573,259 National Lottery Charities Board, now known as the Big Lottery Fund ("Ihe Fund") has a legal charge over the freehold property owned by Newtownstewart Leisure Complex Liinited to the value of £150,000. The company can not sell, lease or in any other way part with posession of, or mortgage and charge the whole or pait of the property without the prior written consent of the Fund. Page 13
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 12. Debtors 2022 2021 Trade debtors Other debtors Prepayments and accrued incoine 2,374 325 273 8,526 13,429 15,803 9,124 13. Creditors: amounts falling due Ivithin one year 2022 2021 Bank overdraft Ti'ade ci'editors Amounts owed to connected companies (Note 19) VAT repayab5e Accruals and deferred income 1,478 1,354 13.758 56 5,217 1,350 13,220 6,386 21,863 20,956 14. Unrestricted funds l January 2022 Incoming Outgoing Transfers 31 Deeember 2022 General fund 15,515 25.855 (117,465) 92,971 16,876 15,515 25,855 (117,465) 92,971 16,876 Unrestri¢¢ed funds relate to general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the chority and which have not been designated for other purposes. Page 14
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 15. Restricted funds l January Incoming Transfers 31 December 2022 2022 Land & Buildings Equipment SSE Airtricity Community Fund Deny City and St]'abane District Council - Service Level Agreement Worksho ?mmes: Public Health Agency- CLEAR project Derry City and Strabane District Council - Food & Essentlol Items Derry City and Strabane Distri¢t Council - Policing & Cominuiiity Safety Partnership Derry City and Strabane Dists'ict Council -Xinas Lights Derry City and Strabane District Council - Good Relations Derry City and Strabane District Council - Grass Roots Derry City and Strabane District Council - Sports Development Heort Research UK Rural Housing Association Western Trust Social Cafe Rapid Newtownstewart Development Association Limited - Donation Covid 19 Big Lottery 536,846 6,264 500 11,250 (21,368) (2,036) (500) (48,750) 515,478 4,228 37,500 4,000 15,826 2,687 {494) (15,826) (2,687) 3,506 1,000 1,337 3,157 1,000 9,366 415 1,948 1,500 ( I,000} (1,337) (3,157) 1,000 (9,366) (415) (1,948) (1,500) (3,331) (1,121) 3,331 3,363 2,242 561,554 79,736 (115,836) 525,454 Purposes of restricted funds Restricted fiinds are ndS which are to be used in accordance with specific restrictions iinposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such ndS al'e charged against the specific nd. Restricted fvnds relate to the costs of building aiid purchasing equipment for Newtownstewart Centre 2000. A number of grants were received towards the project and clauses are i'eflected in the letters of offer froin the Inajor funding bodies restricting the disposal of buildings and equipinent. These restrictions range from 4 years to 80 years. Other restricted funds i'elate to the ongoing expense and activities of tlie charity. The donation froin Newtownstewart Developn)ent Association Liinited is to be used toward5 unfunded running Costs of the 2000 centre to be agreed in advance by directors. Page 15
Newtoivnstewart Leisure Complex Limlted (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 16. AnalysRs of net assets betiveen funds Unrestricted funds Restricted funds Total funds Fund balances at 31 December 2022 as represented by: Tangible fixed asset5 Current assets Current liabilities 26,409 15,836 {25,369) 521,948 548,357 15,836 (21,863) 3,506 16,876 525,454 542,330 17. Related party transactions During the year the charitable company entered into the following transactions with i'elated parties: Transaction value Interest on loan frorn related party Amount5 owed to related parties under nomial trading 538 13,758 18. Traiisactions with trustees Purclia5ed from Trustee5 Amounts owed to Trustees Amounts owed by Trustees CN Hamilton 847 73 All transaction5 were inade on nonnal trading teiThs. The trustees attend rneetings and carry out the bu5ines5 of the company on a voluntary basis. 19. Charity Commission for Northern Ireland Newtownstewart Leisure Coinplex Limited is a registei-ed charity with the Charity Coininission for Northern Ireland siiice 6 August 2015, under registration number NIC102795. Page 16