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 Col￿panY 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'
I￿ake 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 Recol￿1￿ended 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'ther￿nce 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)coi￿e
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