NeTrvtownstewart 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 fmancial statements of NewtoThTrstewart Leisure Con]plex Limited for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including a summary of siJts ificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including 'Accounting and Reporting by Charities- Statement of Recommended 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 Decernber 2022 and of the incoming resources and application of resources, including its incorne and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Practice including 'Accounting and Reporting by Charities" Statement of Recommended Practice, (Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK & Republic of Ireland'}. have been prepared in accordance with the requirements 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. Our responsibilities under those standards are further described in the Auditoff s responsibilities for the audit of the financial statements Section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the company's use of the going concern basis of accounting in the preparation of the fulancial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may 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 responsibilities of the directors of Newtowistewart Leisure Complex Limited with respect to going concern are described in the relevant sections of this report. Other information The other infonnation comprises the infonnation included in the atmual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our opinion on the fll)ancial statements does not cover the other infonllation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the fmancial statements, our responsibility is to read the other inforn]ation and, in doing so, consider whether the other inforn]ation is tnaterially ineonsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material inisstatements, we are required to detennine whether there is a material misstatement in the financial statements or a material misstatement of the other infomation. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are required 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 Nejvtownstewart 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 infom]ation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustee's report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and under5tandints of the charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, 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 returns adequate for our audit have not been received from branches not visited by us- or the fLnancial statements are not in agreeTnent with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infonnation and explanations we require for our audit; or the trustees were not entitled to prepare the fm&n¢ial statements in accordance with the small companies regime and take advantage of the small companies, exemption from the requirement to prepare a strategic report. Responsibilities of the trustees As explained more llY in the statement of trustees responsibilities, the trustees are responsible for the preparation of the fmancial statements and for being satisfied that they give a true and faii view, and for such internal control as the trustees deternline is necessary to enable the preparation of fmancial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial staternents, the trustees are responsible for assessing the charitable company's ability to continue as a going ¢on¢em, disclosing, as applicable, matters related to going concern and using the goints concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuTance 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 report 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 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at www.frc.org.uk. This description fonns part of OUT auditor'5 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 Available for Small Entities as stated below.. In common with many other businesses of the company size and nature we as auditors assist the company with the preparation of the fanCIal statements- and We provide tax advice to the company and where necessary, will represent the company at tax tribunals. Page 5
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Independent auditors, report to the committee of Newtownstewart Leisure Complex Limited for tbe year ended 31 December 2022 Purpose of our audit work and to whom we owe our responsibilities This report is made solely to the charitable Company's members, as a body, in accordance with the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's inembers those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pennitted 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 the opinions we have forn]ed. CL Mrs Wendy Arnold (senior statutory auditor) For and on behalf of McFarland Arnold & Co Chartered Accountsnts & Statutory Auditors Dated: i % .)crL(')Trrtse- £71 McFarland Arnold & Co Chartered Accountants 8 Main Street Newtownstewart Co Tyrone BT78 4AA Pag¢ 6