Neivtoivnstewart Leisure Complex Limited (Company limited by guarantee) Trustees, repoi't and fiiiancial statements for the yeai" ended 31 Decembei. 2024 Registration number: N1037545 Northern IrelAnd Charity nuinber: NIC102795 Mcflai'land Ai'iiold & Co Chai'tered Accountaiits Newtownsteivart Leisure Complex Limiteil (Company limited by guarantee) Contents for the yeai" ended 31 December 2024 Page Legal and admiiiisti'ative infoi'iiialion Ti'iistees, I'epoi't Independent exaininers, I'epoil Statei)ienl of financial activities Balance sheet Notes to the financial stateinents 8-15 Newtownsteivart Leisui"e Complex Limited (Coinpany limited by guarantee) Legal alld adininistrative information for the yeai" ended 31 December 2024 Legal status The coiiipai)y is a pi'ivate liinited coinpany, liinited by giiarantee, which was incoi'poi'ated under tl)e Coinpai)ies (Noi'tl)eri) Irelaiid) Ol'der 1986 iindei. Regisli-ation Nuinber N1037545. It is also i-ecognised as a charity by tlie HM Revenue & Custoins iindei. Reference Nuinbei. XR38087. Tlie coinpany 15 a i'euistei'ed charity with the Chai'ity Coiiiini5sion foi. Noi'thern Ireland since 6 Augiist 2015 Lindei. regisli'ation nuinber NIC102795. Trustees Mr R H Dilloi) Mr R Doi)nell Mr C N Hainilton Mi. J C Hainilton Mi's H Henderson Ms S Kilpati'ick Mi. M McAiinulla Mi's A Mccoi'inick Mi. L C J Mccoi-lnick Mi. G J Mccoi'inick Mi. S McElI'ea Mi. A moi.an Secretary Mr J C Hainilton Company number N1037545 Registered orrice Gi'ange Court 21-27 Moyle Road Newtownslewait Co Tyrone Accountants McFar18nd Ariiold & Co 8 Main Sti-eet Newtowiistewart Co Tyi'one Biisine55 address Newtowiistewait Centre 2000 17 Moyle Road Newtownstewart Co Tyrone Bankers Danske Bank Donegall Squai'e West Belfasl Co Anti'im Solicitors Mi. J J Roche 9 Castle Bi'ae Newtownstewai"I Co Tyrone Page I Newtownstewart Leisure Complex Limited {Coinpany limited by guarantee) Trustees, report for the year ended 31 December 2024 The triislees pi-esent theii. report aiid the finai)cial slalemenls for the year ended 31 Deceinber 2024. DirectOR'S Officers of the coimpany, kiiown as dii'ectors foi- the pui'pose of coinpaiiy law and trustee5 foi. the purpose of charity law, who served diii'ing tl)e year and up to the dale of this I'epoi't al'e sel out on page l. Meinbei's of the charitable coinpany guarantee to conti'ibute an ainount not exceeding £ I to the assets of the chai'itable coinpai)y in the eveiit of winding LIP. Charitable objects Tlie cliai'ity ¥vas established to ii)Iprove the conditions of life foi. the inhabitants of the Newtownstewarl and District ai'ea. To achieve this object, the coinpany aiims lo advance educatioii and provide facilities, in tlie iiilerest of social welfai'e, for I'eci'eation oi. other leisui'e-tiine occiipatioi) foi. the inhabitants of the area. They aim to achieve this Ihroiigh pai'lieipation of statutoiy bodies, voliinlary orgai)isations and indeed the inhabitants theillselves. In furthei'ance of tlie objects, the coinpany biiili and now manages Newtown5tewai't Centi'e 2000, wliich not only pi'ovides facilities for a I'antse of sporting and edlicational activities, bul pi'ovides a¢coiniiiodation foi. tlie local playgi'oiip and Sure Start group. Newtownstewart Leisiire Coinplex Liinited is a I'egistei'ed cl)ai'ity with the Charity Cominission for Noithei'n Ii'eland since 6 Aiigust 2015, undei. i-egistratioii nuinber NIC102795. Organisational structure Tlie ti'ustees Ineet i-euularly, adininister the charity and make all policy decisions. In accoi'dance with the Articles of A550ciation the niiimber of dii'ectoi's shall not be les5 than thi'ee and oiie third al'e to I'etire each yeai- by I'otation. coinplex Inanagei. is appointed by the dii'eclors lo Inanaoe the day-to-day operations of the chai'ity. Revieiv of activities aiid aeliievements The results reflect the activities for Newlowiistewarl Centre 2000 caii'ied out diiring the yeai. ended 31 Deceinber 2024. During the year, the coinpany continued to lease accoininodation to tlie local playgi'oup aiid Surestai't tsi'oup. The coimpany has a Service Level Agreeinent with Dei'iy City & Strabane Di5CtI'ict Couiicil ainounting to £37,500 per annuin for the foi'e5eeable futui'e. Other sinall grants fiinded by Pliblic Health Agency (CLEAR pi'oject), Deriy City & Slrabane Disti'ict Council (Coiniiiunity Suppoi'l Fund ) Westei'n TrLlSt (cycle group), Rapid and Habinteg Housing have enabled the cl)ai-ity to pi'ovide free educational aiid I'ecreational cla5se5 foi. local people. Graiits fi'oni SSE Renewables eiiabled the coinpaiiy to delivei. the cycling 5cheine, upgrade the lights in th¢ centre and hold a faiiiily fiiii day. Reselwes The I'esults for tl)e year are set out on page 5. The plli'pose of the funds are outliiied in Ilie notes to tlie financial slatenieiits. Statement of ti'ustees, responsibilities Tlie Ti'iistees are i'espoiisible foi. preparino tl)e Trustees, Report and the financial slaleinents in accordance with applicable law and regulatioiis. Page 2 Newtownstewart Leisure Complex Limite(I (Company limited by guaR"antee) Trustees, report for the year ended 31 December 2024 Coinpany law aiid chai'ity law I'eqiiires the Trustees to prepare financial slalemenls foi. eacli financial yeai.. Undei. that law tlie tl'U5tees have elected to pi'epai'e the finai)cial stalenients in accoi'dance with applicable law aiid United KingdoiT] A¢coiinling Standai'ds (Uiiiled Kiiitsdoni Generally Accepted Accouiiting Practice) incliiding 'Accounting and Reportin(r by Chai'ities.. Stateinent of Recommended Pi'actice, {FRS 102 'Tlie Financial Reporting Standard applicable in the UK and Republic of li-eland'}. Undei. coinpany law Ilie Ti'uslees Imiist not approve the finaiicial Statements iinless they al'e satisfied that they give a ti'iie and fail. view of tlie slate of affaii's of the coinpaiiy ai)d of the pi'ofil or loss of the coinpaiiy for that year. In pi'epai'ing these financial stateinents, the ti'ustees are I'eqiiired to: select suitable accouiiting policies and tlien apply th¢in consistently. Inake jiidgeinen15 aiid estiinates that al'e reasonable and pi'udeiit. state whethei. applicable accounting standards and stateinents of recon11￿e17ded pi'actice have been followed subject to any depai'tui'e5 disclosed and explained in the fiiiancial stateii)ents; and prepare the financial statements on the going concern basis Liiiless it is inappropriate to presliine that the charity will continue in business. The Ti'iistees are respoiisible for keeping adequate accouiiting recoi'd5 that al'e sufficient lo show aiid explain Ilie coinpany's ti'ansactioiis and disclose with i-easoiiable accuracy at any linie the financial positioii of the coinpany and enable thein to enslli'e that the financial 5tateimeiits coii)ply with the Coinpanies Act 2006 aiid with the Charities Act (N l) 2008. They al'e also I'esponsible for safeguai-ding the assets of the compaiiy and hence for taking i'easoiiable steps for the pi'evention aiid detection of fi'aud and other irregiilai'ilies. Statemeiit of disclosure of information to auditors So fai. as each of tlie Ii'u5tees in office at the date of approval of these financial stateinents are aware.. thei'e is no i-elevant audit infoi'ination of which the coinpany's auditoi's al'e unaware, and tlie ti'iistees have taken all the steps that tliey ought to have taken to Inake theinselves aware of any relevant audit infoi'ination and to establish that the coinpany's auditor5 al'e aware of that inforination. Special provisions relating to small eompanies This i-epoi't has been prepai'ed in accoi'dance Nvitli the Slatei)ienl of Recoininended Pi'actice.. Accounting aiid Repot'ting by Chai'ities (FRS 102) and in accoi'dance witli the special pi'ovisions of Pai't 15 of the Conipanies Act 2006 1'elatiIig to sinall con)panies. This report was appi'oved by the trustees on 22 Septeinber 2025 and signed oil its belialf by Signature: Name (in block capita Is): Trustee Page 3 Newtowiistewai't Leisure Complex Limite(I (Company limited by guarantee) Iiidependent examiner's i'eport on the unaudited financial statements to the ti"ustees of Newtoivnstewart Leisui'e Complex Limited for the year ende(131 December 2024 We I'eport on the financial stateinents of Newtownstewarl Leisure Coinplex Liiiiited foi. the year ended 31 Deceimbei. 2024 which are set out on pages I lo 17. Respective R'esponsibilities of trustees and examiiier As described in the slalenienl of Ii'iistees, I'e5ponsibilities the conipany's ti'ustees (who also act as direcloi's for the cliaritable accivities of Newtownstewai'l Leisure Coinple,% Liinited) al'e i'esponsible for Ilie pi'epai'atioii of tlie finaiicial stateii)enls in accoi'dance witli the Coinpaiiie5 Act 2006 and with tlie Cliarilies Act (Noi'thei'n Ii'eland) 2008. It is our responsibil ity Co'.- ex8inine the financial slateinents undei. sectioii 65 of the Chai'ities Act folloiv the procedures laid dowii iii the genei'al Directions given by the Coii)Ini5sioiI undei. section 65(9)(b) of the Chai'ities Act slate wlielhei. parliculai. Inattei'5 have coine to out. attention. Basis of independent examinei s report We have exainined youi. chai'ity fiiiancial stateinents as reqiiired uiidei. section 65 of the Charilies Act and our exainination was carried out in accoi'dance with the tseiieral Dii'ections given by tlie Chai'ity Coinii)ission foi. Noi'ihei'n Ii'eland ui)der 5ectioi) 65{9)(b) of the Chai'ities Act. Oui- exaniination iiicluded a i'eview of the accounting recoi'ds kept by the chai'ity aiid a coinpai'isoii of Ilie fii)ancial statements pi-esented with those records. It also included consideration of aiiy unusual iteins or disclosui-es in the financial slateinenls, and seeking explanations from you as cliai'ity ti'ustees concerning any such Inatters. Our i'ole is Co state whethei. any Inatei'ial Inaltei's have coine to our attention giving us cause lo believe.. l. That a¢countii)g records were Iiot kept in accordaiice with section 63 of the Cliarities Act 2. That the financial stateineiits do iiot accoi'd with those accounting records 3. That tlie financial stateinenls do not coiiiply with the accoiinting requii'einenls of the Charities Act 4. That Ihei'e is fiiithei. iiiforiiiatioii needed foi. a propel. undei'slanding of the finaiicial stateinents lo be reached. Iiidepen(lent examiner's statemeiit We have coinpleled oiii. exaii)ii)atioi) and have no concei'ns in respect of the n)atters (l) to (4) listed above aiid, in connection with following the Directions of the Chai'ity Coini)iission for Northern Irelai)d, we have foiiiid i)0 Inattei's that I'equii'e drawing lo your attention. Chai'tei"ed Accountants Date: It >•le.-rJ2¢- LJi< McFaR'laii(l Arnold & Co Chartered Accountants 8 Maiii Street Neivtoiviisteivart Om>igh PAge 4 Newtownstewai't Lcisure Complex Limited (Company limitcd by guarantee) Statement of financial activitics (includinLT Income and Expenditure Account) for the year cnded 31 Dcccmb¢r 2024 Unr¢strictcd funds Rcstrieted funds 2024 Total 2023 Total Notes Incoxning i'esources Grants Activities iii fui1hei.ance of the Charity's objects Donalions Investnient incoine 57,400 57,400 67,723 28,335 2,000 28,335 17,000 26,474 15,000 Total incoming resources 30,338 72,400 102,738 94,208 Resources cxpendcd Coi)sumable equipnieiit Refreshmeiits Staff costs Water rates Woi-k5hoplprogi'ainin¢ costs Insurance Light and heat Cleaning Repaii-s and maintenance Pi'inling, postage and stationery Advertising Telephone Computei. cosls Legal and professional fees Accountancy fees Audit fee5 Bad debts General expeiises Subscriptions Depi'ecialion and aiiioitisatioii Interest and chai'ges 1,260 138 44,534 952 27,540 3,948 11,703 680 10,448 565 75 1,012 597 6,000 2,455 1.260 138 44,534 952 27,540 3,948 11,703 680 10,448 565 75 1,012 597 6,000 2,455 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 18,336 740 340 700 125 505 462 340 700 125 18,336 462 17,831 Total resources expended (114,039) (17,831) (131,870) (104,247) Net incoming resources before transfers (83,701) 54,569 (29,132) (10,039) Transfers between fuiids 85,361 (85,361) Nct movement in funds 1,660 (30,792) (29,132) (10,039) Total funds bi'ought forward 8,739 523,552 532,291 542,330 Total funds carried fO￿ard 10,399 492,760 503,159 532,291 The notes on pagcs 8 to 15 form ali intcgral part of thcse financial statemciits. Pagc 5 Ncwtoivnstcwart Lei.surc Complex Limitcd (Company limitcd by guarantcc) Jlalance sheet as at 31 Decembcr 2024 2024 2023 NotL Fixed assets Tangible assets io 511,685 530,021 Current assets Debtor5 Cash at bank and iii hand 8,221 649 8,233 18,530 8,870 26.763 Creditors: amounts falling due ivithin onc year 12 (17,396) (24,493) Nct current (liabilitics)lassets {8,526) 2,270 Net assets 503,159 532,291 Funds Unrestricted funds: General fund Restricted ￿ndS 13 14 10,399 492,760 8,739 523,552 503,159 532,291 The company is registered as a private liinited COlT]pany in Northei'n Ireland undei. Registratioii Nuinbei. N1037545. The financial slatemenls have beeii prepai'ed in accordance with Ihe Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 '1'lie financial Ilepoi'ling Standai'd applicable the UK and Republic of li-eland") and in accordance with the special provisions of Part 15 of the Coinpanies Act 2006 relatiE]g lo small coinpanies. The trustees, slatemenls i'equired by Section 475 (2) and (3) are shown on the following page which forms part of ihis Balance Sheet. The notes on pages 8 to 15 form ali integral part of thcse financial statcment5. Pagc 6 Neivtownstewart Leisure Complex Limited (Company limited by guarantee) Balance sheet (continued) Trustees, statements required by Section 475 (2) and (3) for the year ended 31 December 2024 In approving tliese financi81 slateinents as ti'iistees of the coinpany we liei-eby coi)firin'. (a) tliat foi. the year stated above the coimpany was entitled to che exenipiion confei'i'ed by Section 477 of the Coinpanies Act 2006 (b} tliat no iiolice has been deposited at the registei'ed office of the coimpaiiy piii'suant to Sectioi) 476 requesting tliat an audit be conducted for the year ended 31 Deceniber 2024 ai)d {c) that we ackiiowledge our I'espoi)sibilities for- ( l ) ensui'ing that the Coiiipany keep5 accounting records which coinply witli Section 386, and (2) pi'epai'iiig financial stateiiients which give a triie and fail. view of the state of affairs of the company as at the end of the financial year and of its pi'ofit or loss foi. the yeai. theii ended in accoi'dance with the requii'eiiients of Section 393 and whicli otherwise coinply witli the provisions of the Coinpanies Act 2006 I'elating to fiiiaiicial slaleiiients, so fai. as applicable lo the coinpany. These finaiicial slateinents al'e prepai'ed in accordance with the Statement of Recoininended Practice 'Accountino and Repoiling by Chai'ities, issiied in Mai'ch 2005 and in accordance with the special provisions of Pai't 15 of the Coinpanies Act 2006 applicable lo compaiiies subject to the sinall coinpanies regiine. Tlie financial 5tateii)enls wei'e approved by the Boai'd on 22 Septeinber 2025 and signed on its behalf by Signature.. Signatiire: Naine (in block capitals): LLJ m'QJth1iLIL Naine (in block capitals).. Trustee Trustee The notes oil pages 8 to 15 foi'm #i) integral pai't of these financial statemeiits. Page 7 Newtoivnstewart Leisure Complex Limited (Company limited by guaraiitee) Notes to tlie financial statements for the year ended 31 December 2024 Geiiei'al infoi'maÉion The coinpany is a pi'ivate liinited coinpany, liinited by giiarantee, whicli was incoi-poi'ated iiiidei. the Coinpanies (Norlhei'n Ii-eland) Oi'dei. 1986 iiiidei. Registration Nun)ber N1037545. 11 is also I'ecognised as a charity by the HM Revenue & Custoins undei. Refei'ence Niiinbei- XR38087. The coinpany is a registered chai-ity with the Chai'ity Coinimission for Northei'n li'elaiid since 6 August 2015 under regis11.atioii niiiiibei. NICI 02795. The address of tl)e I'egistei'ed office is Gi'ange Court, 21-27 Moyle Road, Newtownslewait, Co Tyi'one, BT78 4AP. Statemeiit of compliance These fiiiancial slateinents have beeli prepared in coinpliai)ce with Accolinliiig and Reporting by Cliai-ities.. Stateinent of Recomineiided Practice (FRS 102, 'The Financial Reporliiig Standai'd applicable in tlie UK and the Republic of Ii'eland,) and in accordance with the Coinpanies Act 2006. Accounting policies Basis of preparation The financial stateinenls al'e pi'epai'ed under the l)istorical cost convention and in accordance with Accounting and Repoiting by Chai'ities.. Stateinent of Recoinmended Pi'actice (FRS 102, 'The Financial Repoi'tiiig Standai'd applicable in the UK and the Republic of Ireland,) The charity has taken advantage of the exeinption in FRS 102 Section IA froin tl)e i-eqiiii'einent to produce a cashflow stateiiient because it is a sinall cl)ai'ity. The pi'esenlation cuii'ency of these fiiiancial stateinenls is stei'ling. Incomiiig J'esources Iiicoine fi'oin donatioi)s and grants, including capital gi'ants, is incliided in incoining resolirces wheii these al'e I'eceivable, except as follows.. When donors specify Iliat donations and gi'aiits given to the charity InLisI be used li) fiitiii'e accounliiits che incoine is deferred iintil tliose pei'iods. pei'iods, When doiiors iiiipose conditions which have to be fulfilled befoi'e the chai-ity becoines entitled lo iise such incoiT]e, the income is defei'red and not included in incoining resources iiiitil 11)e pi-e-conditions foi. use have be¢ii Inet. When donoi's specify that donations and grants, includintr capital grants, al'e foi. a parliciilai. resti'icted pui'poses, which do not ainoiint to pi'e-condilions I'etsarding entitleinent, tliis incoine is iiicluded ii) iiicoining I'esoui'ces of I'estricted funds wheii receiveable. The valiie of services pi'ovided by vollinleers has not been incliided. 3.3. liiterest i'eceivable Interest is included whei) receivable by the chai'ity. 3.4. Resources expended All expenditlll'e is accounted for oil an acci'uals basis. Page 8 Neivtownstewart Leisure Complex Limited (Company limited by guaraiitee) Notes to the financial statements for the year en(led 31 December 2024 Tangible fixed assets and (lepi'eciation Taiigible fixed assets costing Inore than £500 are capitali5ed and included at their piii'chase costs, togethei. witli any incideiital expei)ses of acqiiisition. Depreciation is provided at l-ates calculated to wi'ile off the cost less residiial value of eacli asset over its expected usefiil life, as follows.. Fi'eeliold laiid Fi'eehold pi'operty Fixtures, fittintss and equipinent 2 % sti-aight line 200/0 Sti'aight line fvoin l Januai'y 2020 No depreciation is charged until tlie a55ets al'e broiighi iiito use by tlie coinpany. The carrying values of tangible fixed assets are reviewed annually for iinpairinent if events or changes in cii-cuinstaiices indicate the cai'iying value Inay not be recoverable. 3.6. fiund accounting Unrestricted fund5 I'elate to genei'al fiinds which are available for use at the disci'etion of the trustees in fuithei'ance of the general objective5 of tlie chai'ity aiid which have not been designated for other plli'poses, Restricted fund5 are funds which are to be used iii accoi'dance with specific I'estrictioiis iinposed by donors or which have been i'aised by the charity for particiilai. purposes. Tlie cost of I'aising and administering siich fund5 are chai'ged against the specific fund. The aiin and use of eacli I'esti'icled fund is set out in the iiotes to tlie financial stateinents. Taxation The coinpany is registei'ed as a chai'ity for tax pui'poses under refei'ence nuinber XR38087. As a cliarity, Newtownstewart Leisui'e Coinplex Liinited is exeinpt froin lax on incoine and gains falling within Sectioii 505 of the Taxes Act 1988 01. Section 256 of the Taxation of Chai'geable Gaiiis Act 1992 to the exlenl that tliese are applied to its chai'itable objects. No tax chai'ges have thei'efoi'e ai'isen foi. the coinpany foi- the year ended 31 Deceinbei. 2024. Impairment A I'eview foi. indicatoi's of ilT]paiiinent is cari'ied out at eacli I'eporting date, with the I'ecoverable ainouiit beiiig estiinated wliei-e such iiidicators exist. Wliei'e the cai'i'ying valiie exceeds the I'ecovei'able ainouiit, tlie asset is iinpaii'ed accoi'dingly. Pi'ioi. iinpaii'inents al'e also reviewed foi- possible revei'sal at each reporting date. Wlien il is not possible lo estiinate the i'ecoverable ainount of an iiidividiial asset, an estiinate is iiiade of the recoverable amoiii)t of the cash-genei'ating uiiit to which the asset belongs. The casli-genei'ating uiiit is the sinallest identifiable gi-oup of assets that incliides tlie asset aiid genei'ates Cash inflows that are lai'gely iiidependent of the casli inflows froii) otliei- assets oi. gi'oiips of assets. Pxge 9 Ncwtownstewai't Leisure Complex Limited (Coinpany limited by guarantee) Notes to the financial statement5 for the yeai. ended 31 December 2024 Fiiiaiicial instrumeiits A financial asset or a financial liability is I'ecoonised oiily when the coinpany be¢oiMes a party to the coiiti'actiial pi'ovisions of tlie instruiiient. Basic financial inslriimenls al'e initially recognised at tlie transaction pi'ice, Iinless Ilie arraii(Jeineiit constitLltes a finai)ciiig transactioii, whei'e it is i-ecogiiised at the pi'esent value of the fiiture payinei)Is discolinled al a Inai'ket 17te of intei'est foi. a siinilar debt inslruimeiil. Debi insti'iiimenls al'e siib5equei)tly iiiea5uI-ed at ainoi'lised cost. Financial assets tl)at al'e Ineasured at cost oi. ainoi'tised cost are reviewed foi. objective evidence of iinpairinent at the end of each I'epoi'ling date. If thei'e is objective evidence of iiiipairinenl, an iinpaii'ineiit loss is I'ecognised in profit or loss iinmediately. Foi. all equity insti'uinents i-egai-dless of significance, and other financial assets that al'e individually sigiiificant, these al'e assessed individually for impairinent. Othei. financial assets oi. eithei. assessed iiidividually oi. gi'ouped on the basis of similar ci'edit risk chai'acteristics. Any I'evei-sals of impaiiineiit al'e recoonised li) pi'oFIt oi. loss iininediately, lo the extei)t tliat the I'eversal does not result in a cai'i'ying aiiioiint of the financial asset that exceeds what the cai'iying ainoiint would have beeli had the iinpaii'ment not pi'eviously beeii recogiiised. Grant iiicome Restricted fuiid5 2024 2023 Rapid Heart Reseai'ch UK Westei'n Triisl Rui'al Housing Public Health Auency- CLEAR Pi'oject Dei-i'y City & Sti'abane Disti'ict Coiiiicil Deiiy City & Sti'abane Disti'ict Council SSE Renewables- Pedal Aw