Newtownstewart Leisure Complex Limited (Coinpany limited by guarantee) Trustees, report and financial statements for the year ende(131 December 2023 Registration number: N1037545 Northern Ireland Charity number: NIC102795 McFarlaiid Ariiold & Co Chai'tered Accountaiits
Newtoivnstewart Leisui'e Complex Limited (Company limAted by guarantee) Contents for the year ended 31 December 2023 Page Legal and adminislralive iiiforinalion Trustees, I'epoi't Independent auditoi's, I'epoit Sialeinent of financial activities Balance sheet Notes to the financial stateineiits 10-17
Newtownsteivart LeAsure Complex Limited (Company limited by guarantee) Legal and administrative information for the year ende(131 December 2023 Legal status The coinpany is a pi'ivate liinited coinpany, liinited by giiai'antee, wl)ich was incorpoi'ated linder the Coinpanies (Noi-tliern li'eland) Oi-dei. 1986 undei. Regisli'ation Nuinber N1037545. It is also I'ecoonised as a cliarity by the HM Revenue & C1151oins under Refei-ence Nuinbei. XR38087. The coinpany is a I'e(Jistei'ed chai'ity witli tlie Chai'ity CoiniT]i55ioiI for Noithern Ireland Since 6 Augiist 2015 undei. regi5tt'ation nuii)ber NIC102795. Ti'ustees Mi- R H Dillon (appointed 19 June 2023) Mr R Donnell {appoiiited 19 June 2023) Mi. C N Hainilton Mi. J C Hainilton (appointed 19 June 2023) Mi's H Hendei-son Ms S Ililpatrick (appoiiited 19 Jiine 2023) Mi. M McAnnulla Mrs A M¢Corinick Mr L C J Mccorinick Mr G J Mccorinick (appointed 19 Jline 2023) Mr S McElrea (appointed 18 September 2023) Mi. A Moi'an (appointed 19 June 2023) Secretary Mrs H Henderson Conipany iiumber N1037545 Registei'ed office Grange Coul't 21-27 Moyle Road Newtownstewai't Co Tyi"one Auditoi's McFarland Arnold & Co 8 Main Street Newtownstewait Co Tyi'one B115iness address NeNNtowi)stewarl Centi'e 2000 17 Moyle Road Newtownstewai't Co Tyi"one Bai)kei'5 Danske Bank Donegall Squai'e Wesl Belfast Co Aiitriin Solicitors Mi. J J Roclie 9 Castle Bi'ae Newtownstewart Co Tyrone Page I
Newtownstewart Leisui"e Complex Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2023 The ti'ustees present theii. repoi't and the financial stateineiits foi. the year ended 31 Decembei. 2023. Directors officers of the coinpany, known as directoi's foi. the piii'pose of coinpany law and Ii'ustees for tlie pui'pose of chai'ity law, who sei'ved during tlie year and LIP to the date of this repoi'l al'e set out on page l. Meinbei's of the charitable coinpany guai'aiitee to coiiti'ibute an ainount not exceeding £ I to the assets of the chai'ilable con)paiiy iii the eveiit of winding lip. Chai'itable objects The charity was established to iinpi-ove the conditions of life for the inl)abitants of the Newlownstewai't and District ai'ea. To achieve this object, tlie ColpanY aiins to advance education and provide facilities, in the intei'est of social welfai'e, foi. reci'eation oi. otl)ei' leisui'e-tiine occiipation foi. the ii)habilants of the area. They aim to achieve this tlirough pai'ticipalion of statuloiy bodies, voliinlaiy organisations and indeed the inhabitaiits tlieii)selves. In fllrtherance of the objects, the coiiipany built and now manages Newlowiistewai't Centre 2000, which not only provides facilities foi. a l'ange of spoi'ting and educatioiial activities, biit pi'ovides accoinmodalion foi. the local playgroup and Sure Start groiip. Newtownstewarl Leisure Coinplex Liinited is a registei'ed charity with the Charity CoiT]Inission for Noi'thei'n Ii'eland since 6 August 2015, undei. i-egisti'ation niiinber NIC102795. Organisatioiial structure The trustees Ineet i'egularly, adininister the charity aiid Inake all policy decisions. In accoi'dance with the Articles of Association the number of dii'ector5 shall not be less than three and one thii'd al'e to i'etii'e each yeai. by rotation. coinplex manager is appointed by the directors to manage tlie day-to-day operations of the charity. Related parties The chai'ity has a close relationship with Newtownstewarl Developinent Association Liinited because it has coininon directoi's. A suii)maiy of the related party ti'ansactions is set out in note 17 to the fiiiancial stateiiients. Revieiv of activities and achievements The I'esults I'eflect the activities foi. NewtOW115tewart Centre 2000 cai'i'ied oiit during the year elided 31 Decembei. 2023. During the year, tl)e coii)pany continued to lease accoininodation to the local playgroup and Surestart gi'oup. The conipaiiy has a Sei'vice Level Agi'eement with Dei'iy City & Strabane Disctrict Council ainounlints to £37,500 pei. annuin foi. the foi'eseeable fiitiii'e. Othei. si)iall graiits funded by Public Health Agency (CLEAR project), Dei'ry City & Sti'abane District Couiicil (Coininiinity Suppoi't Fund ) and Westeiii Trust have enabled the cliai-ity to pi'ovide free educational and reci'eatioiial classes foi. local people. Reserves The I'esiilts for the yeai. al'e set out 011 page 8. The pui'pose of the fiinds al'e outlined in the notes lo the fiiiaiicial stateinents. Statement of trustees, responsibilities The Trustees are i'esponsible for pi-epai'ing the Ti'ustees, Repoi'l and the financial 5tateinents in accordance with applicable law and regulations. Page 2
Newtoivnstewart Leisure Complex Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2023 Coinpany law and charity law i'eqiiii'es the Triistees to prepai'e financial stateinents foi. each financial year. Undei. that law the ti'llstees have elected to prepai'e the financial statemeiits in accordaiice with applicable law and United Kingdoin Accountiiig Standards {United Kingdom Generally Accepted Accoiinling Pi'actice) including 'Accouiiting and Repoi'ting by Charities.. Stateinent of Recoininended Pi'aclice, (FRS 102 'The Fiiiaiicial Reporting Siandai'd applicable in the Ul< and Repiiblic of li'eland,). Under coinpany law the Trustees Inust not appi'ove the financial slaceinents uiiless they al'e satisfied that they give a true and fair view of the slate of affaii's of the coinpany and of tlie pi'ofit or loss of Ilie coinpany foi. Ilial yeai.. In prepai'ii)g tliese financial slateinents, the ti'iislees are I'equii'ed to: select suitable accolinting policies and tlien apply thein coi)sisteiitly' Iake judgemeiits ai)d estiii)ales that are reasonable and pi'iident. State whetliei. applicable accoiiiiting standai'ds and stateinents of recoininended pi'aclice have been followed subject to any depai'tui'es disclosed and explained in the financial stateineiit5,' and pi'epai'e the financial statements on the going coiicei'ii basis iinless it is inappropi'iate to pi'esuine that the cliarity will coiitiiiue in business. The Trustees are responsible foi. keeping adeqiiate accouiiting records that al'e 5ufficieiit to show and explain the coinpany's Ii'ansactioiis aiid disclose with I'easonable accui'acy at aiiy tiine the financial position of tlie coinpany and enable thein to ensiii'e that the financial stateinents coinply with the Companies Act 2006 and with the Charities Act (Nl) 2008. They al'e also responsible for safeguai-ding the assets of the coinpany aiid lience foi. taking reasonable step5 for the prevention and detection of fraud and other irregiilai'ities. Statement of disclosure of information to auditors So fai- as each of the trustee5 in office at the date of appi'oval of tliese financial stateinents are awai-e.. Ihei'e is no I'elevant audit infoi-lnation of which the company's aiiditors are unaware, and the trustees have taken all the steps that they oiight to have taken to niake Iheinselves aware of any I'elevaiit audit infoi'ination and to establish that th¢ coinpany'5 auditoi's are aware of that infoi'ination. Auditors Although the coiiipany qualifies foi. aiidit exeinption an aiidit is I'equii-ed to be cai'ried out by the fiindei-s Deriy City & Strabane District Couiicil. In accoi'daiice witli Section 485 of the Coinpaiiies Act 2006, a resoliition pi'oposing that McFai-land Ai'iiold & Co be i'eappointed as auditoi's of the cl)ai'ity will be put to the Annual General Meeting. Special pi"ovisions relating to small companies This I'eport has beei) prepared in accordance with the Stateinent of Recol1ended Pi'actice.. Accouiiling and Reporting by Chai'ities (FRS 102) and in accordance with the special provisions of Part 15 of tlie Coiiipanies Act 2006 relating to sinall coinpaiiies. Tliis report was appi'oved by the Iruslees on 24 Septeinber 2024 and sigiied on its behalf by Signature: Name (in block capitals): Trustee Page 3
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Independent auditor5, repol't to the committee of Newtown5teivart Leisure Complex for the year ended 31 December 2023 Opinion We have audited the financial statements of Newtownstewai't Leisiire Coinplex Liinited foi. the yeai. ended 31 Deceniber 2023 which conipi'ise the stateineiit of financial activities, the balance sheet and iiotes to the finaiicial stateinents. including a suininaiy of sigiiificanl accounting policies. The financial repoiting fi'ainework that has been applied iii their pi'eparalion is applicable law and United Kingdom Accounting Standai'd5 (United Kingdoi)i Gei)ei'ally Accepted Accounting Pi'actice) including 'Accountiiig and Reporting by Cl)arities' Stateinent of RecoinineI)ded Practice, (Fiiiancial Repoi'tino Standai'd 102 'Tlie Financial Repoi'ling Slandai'd applicable in the UK and Republic of Ii'eland,). In oui. opinion the financial stateinents.. give a ti'ue ai)d fail. view of the slate of the chai'itable company's affairs as at 31 Decenibei. 2023 and of the incon)ing I'esolirces and application of I'esoui'ces, including its incoine and expenditiii'e, foi. the yeai. then ended. have been propei'ly pi'epai'ed in accordance with United Kingdoim Generally Accepted Accountiiig Pi'actice including 'Accouiiting and Reporting by Charities; Stateinent of Recoinniended Practice, (Financial Reporting Standard 102 'The Financial Reporting Standai'd applicable in the UK & Republic of li'eland'}' have been prepai'ed in accordaiice with the requii'einents of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intei'national Slandai'ds on Auditing (UK) (ISAS (UK)) and applicable law. Oiii. I'espoiisibilities under those standards al'e fui'thei. described in the Auditor's responsibilitie5 foi- the aiidit of the financial stateinents section of oui. I'epoi't. We al'e indepeiideiit of the charitable company in accordance with the ethical requireinen15 that al'e relevant to olli. aiidit of tlie financial stateineiits iii the UK, including the FRC'S Ethical Standard, and we have fiilfilled oiii. othei. ethical responsibilities in accordance Ivith these I'equii'einents. We believe that the audit evidence we have obtained is siifficient appropi'iate to pi'ovide a basis foi. our opinion. Conclusions relating to going concern In auditing the financial stateineiits, we liave concluded that the coinpany's iise of tlie going concei'n basis of accounting in tlie pi'epai'ation of the fii)ancial staten)ents is appropi'iate. Based 01) tlie woi'k we have perfoi-jned, we have not ideiitified any Inatei'ial uiicei'lainties relating to events or conditions that, individually or collectively, Inay cast significant doubt on the company's ability lo continue as a going concei'n foi. a pei'iod of al least twelve Inonihs fi'om when the financial stateinenls are aiithoi'ised for issiie. Our i'esponsibililies and the I'esponsibilities of the dii'ectoi-s of Newtownstewait Leisui'e Coimplex Liinited with respect lo going concei'n al'e desci'ibed in the relevant sections of this repoit. Othei. infoi'mation The oihei. infoi-lnalion coinpi'ises the infoi'ination included in the annual report, otliei. than the financial stateinents and our auditoi s report Ihereon. The trustees al'e responsible for the otlier infoi'ination. Our opinion on the financial slaleinenls does not covei. tlie othei. infoi'iiiation and, except to the extent othei'wise explicitly stated in our report, we do not expre55 any foi'in of assiirance concliision thei-eon. In connection with our audit of the financial stalemenls, oui- I'esponsibility is to read the otl)ei' infoi'imation and, in doing so, consider whelhei. the othei. information is Inalerially inconsistent with the financial stateineiits or oui. knowledge obtained in the audit or otherwise appeal's to be niaterially misslaled. If we ideiitify 5ucli Inaterial inconsistencies oi. apparent matei'ial iiiisstateinents, we are I'eqiiired to detei'inine whether tliei'e is a niatei'ial Inisstateinent in tlie finaiicial stfiteinenls or a inatei'ial Inisstateinent of the othei. iiiformation. If, based on the work we have pei-forined. we conclude Iliat Ihei'e is a Inaterial Inisstateinent of this other iiifoi'iT]ation, we are i'equired to I'eport that fact. We have nothing to I'eport iii this I'egard. Page 4
Newtownsteivart Leisure Complex Limited (Company limited by guarantee) Independent auditors, report to the committee of Newtownstewart Leisure Complex Limited for the year ended 31 December 2023 Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the coui-se of the audit.. the infoiTration given in the trustees, repoit foi. tl)e financial year for which the financial statements are prepared is consistenl with the financial stateinents. and the trustee's repoit has been prepared in accoi'dance wilh applicable legal requireinents. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and it5 environment obtained in Ihe course of the audit, we have not identified material misstatenients 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 i'ecords have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or the financial staten]ents al'e not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneratioii specified by law are not made. or we have not received all the infoi'ination 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 statemeiit of ti'ustees responsibilities, the trustee5 are responsible for th¢ preparation of the financial statements and for being satisfied that they give a true and fair view, and foi. such internal control as tlie trustees d¢tennine 15 necessary to enable th¢ preparation of financial slalements that are free from material misstatement, whether due to fraud or error. In pi'eparing the financial statements, the ti'ustees are responsible for assessing the chai'itable company's ability to continue as a going concern, disclosing, as applicable, Inattei's I'elated lo going concei'n and using the going concern basis of accounling unless the trustees either intend to liquidate the chai'itable company or to cease opei'ations, or have no realistic alternative but to do so. Auditoi s responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whethei. the financial statements as a whole are free fi'oin material misstatement, whetlier due to fraud or errol., and lo issue ali auditor's repoil that includes our opiiiion. Reasonable assurance is high level of assurance, bul is not a guarantee that an audit conducted in accoi'dance willi ISAS (UK) will always detect a material misstateinent when it exists. Misslatemenls can arise from fvaud or ei'ror and are considered Inaterial if, individually or in the aggi'egate, they Could reasonably be expected to influence the economic decisions of users taken on the basi5 oftliese financial statements. Irregularities, includiiig fraud, al'e instaiices of non-compliance with law5 and regulatons. We design procedures in line with our responsibilities, outlined above, to detect material Inisstateinents in I'espe¢t of irregularities, including fraud. The extent to which our procedures are capable of detectiiig irregularilies including fi-aud is detailed below.. Pagc 5
Newtownstcwart Leisure Complex Limited (Company limited by guarantec) Independent auditors, report to the committee of Newtownstewart Leisure Complex Limited for the year ended 31 December 2023 AudAtor's responsibilities for the audit of the financial statements (continued) In identifying and assessing risks of material misstatement in I'espect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following.. the nature of the indLtStry and sector, control environment and business perfoi'inance. results of our enquiries of management about their own identification and assessinent of the risks of irregularilies. any matters we identified having obtained from management whether they were aware ofany instances of non- compliance and whether they have knowledge of any actual, suspected or alleged fraud; and the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fi'aud. As a result of these procedures, we ideiitified the greatest potential for fraud in ihe areas in which management is required to exercise significant judgement. In common with all audits under ISAS (UK), we are also required to perforni Specific procedui'es to respond to the risk of management override. We also obtained an understanding of the legal and regulatoi'y fi'amework that Ihe Society operates in, focusing on provisions of those laws and regulations that had a direct effect on the detemiination of material amounts and disclosures in the financial statements. The key laws and regulations we considei'ed in this context included the Industrial & Provident Societies Act (Northern Ireland) 1969 and tax legislation. In addition, we considered provisions of other laws and I'egulations that do not have a direct effecl on the financial statements but compliance with which may be fundamental to the Society's ability to operate or to avoid a material penalty. These included data protection, employment, environmental and health and safety regulations. As a result of perfomiing the above, we identified the potential for management override of the controls as a key audit matter related to the potential risk of fraud. Our procedures to respoiid to the risks identified included the following: I'eviewing the financial statement disclosures and testing lo supporting documenlalion to assess compliance with provisions of relevant laws and regulations desci'ibed as having a direct effect on the fiiiancial statements. enquiring of management concerning actual and potential liligation and Claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. reading Ininutes of meetings of those charged with governance and reviewing correspondence with HMRC and regulator. and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a potential bias. and evaluating Ihe business rationale of any significant li'ansactions that are unusual or outside the nomial course of business. We also coinmunicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibililies for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk. This description fonns part of our auditor's report. We have undertaken the audit in accordance witli the requii'emeiit5 of Auditing Practices Board's (APB'S) Ethical Standards for Auditors. including APB Ethical Standai'ds - Provisions Available for Small Entities as stated below.. In common with many other businesses of the company size and nature we a5 auditors assist the company with the preparation of the financial statements. and We provide tax advice to the company and whei'e necessary, will represent the company al tax tribunals. Page 6
Newtownstewart Leisure Complex Limited (Company limited by guai"antee) Independent auditors, report to the committee of Newtoivnstewart Leisure Complex Limited for the year ended 31 December 2023 Purpose of oui" audit ivork and to Ivhom we oive our responsibilities Tliis I'epoi't is Inade solely lo Ilie chai'itable coinpany's Ineinbei's, as a body, iii accoi'daiice with the Coinpanies Act 2006. Oiii. audit woi'k l)as been undertaken so tliat we Imight state to tlie cliai'itable conipany's meillbers tliose mattel's we al'e reqiiii'ed to stale lo thein in ai) auditor's i'epoi't aiid foi. no otlier purpose. To the flillest exteiit pei'initted by law, we do not accept oi. assiiine i'e5ponsibility lo anyone otliei. than the charity and the charity's Ineinbers as a body, for our audit work, for this I'epoi't, or for the opinions we liave foi'ined. Mrs Wendy Arnold (senior statutoiy aiidilor) For aiid on belialf of McFarland Arnold & Co Chartered Accountants & Statutory Auditors Dated: McFArland Arnold & Co Cliartered Accouiitaiits 8 Main Street Neivtownsteivart Co Tyrone BT78 4AA Page 7
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Statement of financAal activities (including Income and li xpenditure Accoiint) for the year ended 31 December 2023 Un restricted funds Restrieted funds 2023 Total 2022 Total Notes Incoming resources Grants Activities in l'thernce of the chai'ity's objects Iiivestnient incoi)ie 67,723 67,723 79,736 26,474 26,474 25,837 18 Total incoming resources 26,485 67,723 94,208 105,591 Resources expended Consiiinable equipineiit Refreshinents Staff costs Watei- l'ates Workshoplprogi'ainine costs Insui'an¢e Light ai)d heat Cleaning Repairs and Inainlenance Printing, postage and stationery Advertising Telephone Coinputer costs Accoiintancy fees Audit fees Bad debt5 Genei'al expenses Sub5CI'iPtion5 Depi'eciation and ainortisation Interest and chai'ges 2,379 950 42,068 927 11,077- 3,537 13,258 582 3,211 670 75 879 998 2,750 850 80 755 125 505 740 2,379 950 42,068 927 11,077 3,537 13,258 582 3,211 670 75 879 998 2,750 850 80 755 125 18,336 740 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 17,831 Total resources expended (86,416) (17,831) (104,247) (140,330) Net incoining resoui-ces before Iransfei's (59,931) 49,892 (10,039) (34,739) Transfers between flinds 51,794 (51,794) Net movement in funds (8,137) (1,902) (10.039) (34,739) Total funds broiight forward 16,876 525,454 542,330 577,069 Total fuiids carried fonvard 8,739 523,552 532,291 542,330 The ilotes on pages l O to 17 form ali integral part of tliese finaiicial statements. Page 8
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Balance sheet as at 31 December 2023 2023 2022 Notes Fixed assets Tangible assets 530,021 548,357 cui.rent assets Debtoi's Cash al bank and in hand 12 8,233 18,530 15,803 33 26,763 15,836 Ci'editors: amounts falling due Ivithin one yeai" 13 (24,493) (21,863) Net current 2ssetsl(liabilities) 2,270 {6,027) Net assets 532,291 542,330 Funds Uni'esti'icted funds: Genei'al fund Re5ti'icted funds 14 15 8,739 523,552 16,876 525,454 532,291 542,330 The coinpaiiy is I'egistered as a private limited Coinpany in Noitliern Ireland iiiider Registi'ation Nui)Ibei' N1037545. Tlie financial stateinenls have been pi'epared in accordanc¢ with the Stateinent of Recoinn)ended Pi'actice: Accounting and Reportino by Chai'ities {FRS 102 'The Financial Repoi'ting Standard applicable in the UK and Republic of Ireland ) and in accordance with tlie special pi-ovisions of Pai't 15 of the Coinpanies Act 2006 relating to sinall coinpanies. The fiiiancial stateineiits wei-e appi'oved by the Board on 24 Septeinbei. 2024 aiid signed on its behalf by Signature: Name (in block capitals): )M Trustee I/A14*tcC Trustee The iiotes oil pages 10 to 17 forni an integral part of these fiiiancial stateinents. Page 9
Neivtownstewart Leisure Complex Limited (Company lin)ited by guarantee) Notes to the financAal statements for the year ended 31 December 2023 General information The coinpany is a pi'ivate liinited coinpany, liinited by guai'anlee, which was incorpoi'ated under the Coinpanies (Noi'ihei'n Ireland) Ordei. 1986 undei. Registration Nuinbei. N1037545. It is also I'ecognised as a charity by the HM Reveiiue & Cusloins Lindei. Refereiice Nuinber XR38087. The coinpany is a registered charity with the Charity Cominission for Noi'ihei'i) li-elai)d since 6 August 2015 iindei. registration nuiiibei. NIC102795. The addi'ess of the registered office is Grange Coiirl. 21-27 Moyle Road, Newtownstewait, Co Tyrone, BT78 4AP. Statement of compliance These financial slateiiienls liave been prepared in coinpliance with Accouiiting aiid Repoiting by Chai'ities.. Stateinent of Recoininended Pi'actice (FRS 102, 'The Financial Repoiting Standai'd applicable in the UK and the Republic of li'eland,) and in accoi'daiice with the Coinpaiiies Act 2006. Accounting policies Basis of preparalion The financial staleinents are pi'epared undei. the historical cost convention aiid in accordance with Accounting and Reporting by Chai-ities: Stateixent of Recoininended Practice {FRS 102, 'The Finaiicial Repoi'ting Slandai'd applicable in the UK aiid the Republic of Ii'eland,) The chority has taken advantage of the exeinption in FRS 102 Section IA fi-oin the I'equireinent to prodiice a cashflow stateinent because it is a small chai'ity. The presentation cui'i'ency of these financial slateinents is sterling. Incoming resources Incoine froin donations and gi'ants, including capital grants, is included in incoining resoui'ces when these are I'eceivable, except as follows: When donors specify that donations and grants given to the charity Iniist be used in future accouiiting pei'iods, the incoine is defei'i'ed until those pei'iods. Wlien donors iinpose conditions which have to be fulfilled befoi'e the charity becoines entitled to Use such incoine, the income is deferred aiid i)ot iiicluded in incoii)ing resoui'ce5 Illltil the pi'e-conditions foi. use have been Inet. When donors specify Iliat donatioiis and gi'ants, including capital grants, al'e foi. a paiticulai. restricted purposes, whicli do not anioiint to pi'e-conditions I'egarding eiititleinent, this incoine is included in incoming I'e50111'ces of resti'icted funds when I'eceiveable. Tlie valiie of services provided by voliinteei's ha5 not been included. Intei'est receivable Inlei'est is incliided when receivable by tlie chai'ity. Resources expended All expenditui'e is accounted for on an acci'iials basis. Page 10
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial stateinents for the year ended 31 December 2023 3.5. Tangible fixed assets aiid depreciation Tangible fiyed assets costing Inoi'e than £500 are capitalised and incllided al theii. pui'chase costs, togetlier with any incidental expeiises of acquisition. Depi'eciation is pi'ovided al rates calculated lo write off the Cost less residiial value of each a55el ovei. its expected iiseful life, as follows: Freehold land Freeliold property Fixtui'es, fittiiigs aiid equipinei)t nil 2 % straight line l O % straight line120 % sti'aight line fi'om l Jaiiuaiy 2020 No depi'eciation is charged iintil the assets are brought into iise by the Coinpany. The caiTying values of tangible fixed assets are revieived annually foi. iinpaii'inent if events oi. changes in cii'cuinstances iiidicate tlie cai'i'ying value Inay not be I'ecovei'able. 3.6. Fun(1 accounting Unrestricted funds relate to genei'al funds wliich al'e available for use at the discretion of the ti'iistees in fui'therance of the tseneral objectives of the charity and which have not been designated for othei. pui-p05es. Resti'icted fijnds al-e fiinds which are to be used in accordance with specific restrictions iinposed by donors or whicli have beeii I'aised by the cliarity for particular purposes. The Cost of I'aising and adiiiii)istering such fiinds are charged against the specific fund. The aiin and Use of each restricted fiind is set out in the notes to the financial stateinent5. 3.7. Taxation The coinpany is registei'ed as a charity for tax pui'poses uiider refereiice nuinber XR3 8087. As a cliarity, Newtownslewart Leisiire Complex Liinited is exeinpt froin tax on incoine aiid gains falling within Section 505 of the Taxes Act 1988 01. Section 256 of the Taxatioii of Chai'geable Gains Act 1992 10 the exteiit that these are applied to its chai'itable objects. No lax charges have Iherefoi'e ai'iseii for tlie coinpany for the yeai. ended 31 Deceinbei. 2023. Impaii'ment A review for iiidicatois of iiiipaii'ii)ent is carried out al each repoiting date, with the I'ecovei'able ainount being estiimated where such indicatoi's exist. Wliei'e the cariying value exceeds the i-ecoverable amoiiiit, the asset is iinpaired accoi-dingly. Pi'ioi. inipairnienls are also I'eviewed foi. possible I'eversal at each repoi'ting date. When it is not P055ible to e5tiiiiate the I'ecoverable aii)oiinl of an individual asset, ali esliinate is Inade of the recoverable ainount of the cash-generating uiiit to which tlie asset belongs. The casli-genei'atiiits unit 15 the smallest identifiable gi'oiip of assets that incliides the asset aiid get)ei'ates cash iiiflows that al'e lai'gely indepeiident of tlie cash inf]ows fi'oin othei- assets oi. groiips of asset5. Pagell
Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2023 Financial insti'iiments A financial asset oi. a fiiiancial liability is recognised only when the coinpany becoines a party to the conti'actiial provisions of the inslriiinenl. Basic financial insli'LiIMentS are initially recognised at the ti'ansaction price, unless the ai'i'an(Teiiient con5titiiles a fiiiancing ti'ansactioii, where it is recoonised al the present value of the future payments discouiited at a Inai'kel l'ate of interest for a siinilai. debt iiisti'iiiiient. Debt instl-Llll)ents are subsequently Ineasiired at ainoitised cost. Financial assets that al'e Ineasured at cost oi. ainortised cost are reviewed foi. objective evidence of iinpaii'inent at the end of each repoi'ting date. If tliei'e is objective evidence of iinpaii'inent, an iinpaii'ii)ent loss is recognised in profit or loss ii))Inediately. For all eqiiity insti'uinents I'egai'dless of significaiice, and othei. financial assets that are individually significant, tliese are assessed individually foi. iinpaii'inent. oihei. financial assets or eithei. assessed individually or gi'oiiped on tlie basis of similar credit i'isk chai'acleristics. Any I'evei'sals of iinpaii'ment are recognised in pi'ofit oi. Ios5 iiminediately, lo the extent that the reversal does not result in a carrying amoiiiit of the financial asset that exceeds ivhat the Carrying ainount woiild have been Iiad tlie iinpairinent not previously been i-ecogni5ed. Gi'ant income Restricted fund5 2023 2022 Rapid Healt Research UK Westei'n Ti'iist Rui'al Housing Public Healtli Agency - CLEAR Pi'oject Deiiy City & Sti'abane Disti'ict Council Derry City & Slrabaiie District CoLincil SSE Airtricity Cominuiiity Fund Deri'y City & Strabane District Coiincil Depl of Agricultlli'e, Environinent & Riii'al Affairs 1,500 9,366 1,948 415 4,000 3,687 21,320 589 1,250 570 5,000 1,504 14,382 5,500 37,500 1,428 589 1,250 570 5,000 1,504 14,382 5,500 37,500 1,428 37,500 67,723 67,723 79,736 Page 12
Newtownstewart Leisure Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2023 Activities in furthei'ance of the charity's objects Uiirestricted funds 2023 2022 Incoine froin hire of halls and leisLlI'e facilities Rent received fi'oiii playgi'oup Rent received froi)I Sui'e Stai't Refreshnienls Sundry incoine 14,052 3,937 8,040 362 83 14,052 3,937 8,040 362 83 13,700 3,250 8,040 847 26,474 26,474 25,837 liivestment incon)e Unrestricted funds 2023 2022 Bank iiiterest 18 Net movements in funds 2023 2022 Net Inoveinent in funds is slated aftei. chai'ging- Depi'eciatioii and othei. ainouii15 wi'itten off tanoible assets Auditoi's, I'einunei'ation 18,336 850 24,902 850 and aftei. ci'editing.. Transfei's between funds.. Release of I'evenue grants 51,794 92,971 Auditoi%' remuneration 2023 2022 Audiloi's, I'einunei'ation - audit of the fiiiancial slaleii)ents 850 850 Page 13
Newtownstewart Leisui'e Complex Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2023 I mployees Number of employees The average IT)ontl)ly nuiiibers of ei)Iployees (includiiig the trust¢es) diii'ing the year wei'e: 2023 Number 2022 Numbei. Adininistralion Trustees Leisui'e coinplex attendants 15 13 Employment costs 2023 2022 Wages and salai'ies 42,068 45,460 10. Trustees, emoluments The trustees neither received nor waived any einoluinent5 during the yeai.. Laiid and buildings freehold Fixtures, rittings and equipment 11. Tangible fixed assets Total Cost At l Jai)Ii8ry 2023 At 31 Deceinber 2023 938,844 938,844 69,150 69,150 1,007,994 1,007,994 Depreciation At l Januaiy 2023 Charge foi. the year 397,016 15,164 62,621 3,172 459,637 18,336 At 31 Deceinbei. 2023 412,180 65,793 477,973 Net book values At 31 Deceinbei. 2023 526,664 3,357 530,021 At 31 Deceinbei. 2022 541,828 6,529 548,357 National Lottery Chai-ities Boai-d, now kiiown as the Big Lotteiy Fund ("Ilie Fund ) lias a legal charge ovei. the freehold pi-opeity owned by Newlownstewai't Leisui'e Cosnplex Liinited to the valiie of £150,000. The coinpany can not sell, lease oi. in any othei. way part with posession of, or moi'tgage and chai'ge the wliole oi. pai't of tlie pi'opeity without the pi'ioi. written coiiseiit of the Fund. Page 14
Newtownstewart LeisiiR"e Complex Limited (Company limited by guai'aiitee) Notes to the financial statements for the year ended 31 December 2023 12. Debtors 2023 2022 Ti'ade debtoi's Oiher debtors Prepayinenls and acci'ued i1)coie 2,790 405 5,038 2,374 13,429 8,233 15,803 13. Creditors." amounts falliiig due Ivithin one year 2023 2022 Bank overdraft Ti'ade creditoi's Amoiinls owed to connected coinpanies (Note 19) VAT I'epayable Accruals aiid deferred incoine 1.478 1,354 13,758 56 5,217 4,619 14,709 5,165 24,493 21,863 14. Uiirestricted funds l Janiiary 2023 Incoming Outgoing Transfei's 3] Deceniber 2023 General fund 16,876 26,485 (86,416) 51,794 8,739 16,876 26,485 (86,416) 51,794 8,739 Uni'estricted funds relate lo general funds which al'e available foi- use at the discretion of the tt'ustees in fi]rtherance of the genei'al objectives of tlie charity and ¥vhich have iiot been designated foi. otlier pui'poses. Page 15
Newtownstewart Leisiire Complex Limited (Compaiiy limited by guarantee) Notes to the financial statements for the year ended 31 December 2023 15, Restricted funds l January Inconiiiig Transfers 31 Deceniber 2023 2023 Land & Biiildings Eqiiipii)ent SSE Airli'icity Coininunity Fund Dept of Agricultui'e, Eiivironnient & Rui-al Affairs Derry City and Sti'abane Disti-ict Coiiiicil - Service Level Agi'eemenl Woi'kslio ro raniines: Public Health Agency- CLEAR project Derry City and Slrabane Di5ti'ict Colliicil - Derg DEA Food D¢rry City and Strabane Disti-ict Council - Policing & Coininiinity Safety Pai'lnei'ship Derry City and Sti'abane District Coiincil -Xina5 Lights Dei-iy City and Strabane Disti'ict Couiicil Spring Event Dei'ry City and Sti'abane District Council - Good Relations Deiiy City and Slrabane Disti'ict Council - Hay bale Derry City aiid Sti'abane District Coui)cil Technical Assistance Dei'i'y City and Slrabaiie Disti'ict Council Derg DEA Food Heart Reseai'ch UK Rui'al Housiiig Association Westei'n Trust Positive Ageing Western Ti'ust Cycle Group Covid 19 Big Lotteiy 515,478 4,228 (16,334) (2,036) (83) (1,190} (37,500) 499,144 2,192 5,417 238 5,500 1,428 37,500 3,506 5,000 7,500 1,504 (5,406) 3,100 7,500 (1,504) 2,000 724 696 150 3,000 312 589 570 250 1,000 (2,000) (724) (696) (150) 3,000 312 589 570 (250) (319} (1 121) 681 1,121 2,242 525,454 67,723 (69,625) 523,552 Pui'poses of J'esti'icted funds Restricted fuiids al'e fijnds whicli al'e to be used in accordance witli specific restrictions iinposed by donoi-s oi. which have been I'aised by the charity for particiilai. pui'poses. Tlie cost of i'aising and administering such funds al'e cliai'ged against the specific fund. Restricted funds relate lo the costs of buildiiig and purcha5iiig equipinent foi. Newtownstewait Centi'e 2000. A IiL)Inbei' of grant5 wei'e i'eceived towards the project and claiises al'e I'eflecled in tl)e lettei's of offer fi'on) the majoi- fuiiding bodies I'estrictiiig the disposal of biiildii)gs and equipi)ienl. Tliese I'estrictioiis l-ange fi'oiii 4 yeai's to 80 yeai's. Other i'estricted funds I'elate to the ongoing expense and activities of the charity. Page 16
Newtownstewart Leisure Complex Limited (Compaiiy limited by guarantee) Notes to the financial statements for the year ended 31 December 2023 16. Analysis of net assets behveen funds Unrestricted fund5 Restricted funds Total fui)(Is Fund balances at 31 Deceinbei. 2023 as represented by: Tangible fixed assets Curi'ent assets Cui'i'ent liabilitie5 27,564 5,668 (24,493) 502,457 21,095 530,021 26,763 (24,493) 8,739 523,552 532,291 17. Related party transactions Dui'ing the yeai. the chai'ilable coinpany enlei'ed into the followiiig ti'ansactions witli I'elated pai'ties.. Traiisactioii value Interest on loan froin related party Ainounls owed to related parties Lindei. noi'inal ti'ading 538 14,709 18. Transactions with ti'ustees Piii'chased from Ti'ustees Amouilts oived to Trustees Amounts oived by Trustees CN Hainilton 784 73 All transactions wei'e Inade on norinal ti'ading lerins. The trustees attend Ineetings and cai'iy oul tlie business of the company on a voluntai'y basis. 19. Cliarity Comn]ission for Noi'Élierii Ireland Newtowiistewait Leisure Coinplex Liinited is a I'egisteird charity with tlie Charity Coinmissioii for Noithei'n Ii'eland since 6 August 2015, under registration niiinber NIC102795. Page 17