Annual Report 2021 to 2022 Charity Number 1002805
LUTON SHOPMOBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Registered Charity Number: 1002805 Miller & Co. Statutory Auditors Chartered Accountants 5 Imperial Court Laporte Way Luton LU4 8FE
LUTON SHOPMOBILITY FINANCIAL STATEMENTS for the year ended 31 March 2022 CONTENTS Page Trustees, Annual Report Auditors, Report Statement of Financial Activities Balan Sheet Notes to the Accounts
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 Reference and administrative details Status.. Unincorporated association established on 23 July 1990 and formalised by a constitution dated 13 February 1991 and amended on 23 June 1999, 9 October 2003 and 11 April 2017 and registered as a charity on 9 May 1991. Charity number.. 1002805 Principal address= Clo Mall Management Office Unit 37, The Mall Luton, Beds. LU12LJ Trustees: R Greening (Chairl S Kighlley {Treasurerl (Resigned 26 November 20211 S Bolton (Vice chairl {Resigned 9 February 20221 L Meyer {Appoint8d 9 February 20221 C Beck C Mallia C Warren (Secratary} (Vice chair} Charity managar. J Harris (Redundant 26 November 2021) Bankers: CAF Bank Limited PO Box 289 West Malling Kent ME19 4TA Auditors.. Miller & Co. Statutory Auditors Chartered Accountants 5 Imperial Court Laporte Way Luton LU4 8FE Place of business: Level 3, Market Car Park The Mall. Luton LU12LJ
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The Financial Statements have been prepared in accordan with the accounting policies set out in the notes lo the accounts and comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. structure. governance and management The charity is an unincorporated association governed by 8 constitution. The trustees are responsible for the administration of the charity. Trustees ar8 elected or re-elected al Annual General Meetings. Th& charity's Structure is that of a gen8ral committee and the trustees meet on a regular basis. The day to day running of the charity used to be delegated to the charity rnanager, an employee of the charity who reported to the general committee. However, following the closure on 26 November 2021 the day-to-day running is now managed by the trustees with help from the volunteers. The trustees have assessed the major risks to which the charity is exposed, in particular those related to the financ8s of the charity and are satisfied that systems are in place to reduce the exposure ta these risks. Objectives and activities The objective of the charity is to relieve persons with limited mobility in Luton and district by providing facilities in particular wheelchairs and similar equipment with the object of improving their mobility and conditions of life. The service operates from The Mall and loans wheelchairs and scooters on an hourly basis, for a small fee. so that limited mobility people can enjoy the town centre and its amenities in comfort. A group of volunteers assist with the ongoing, day to day operation of the charity and their help is vital to the continued smooth running of the charity. Achievements and performance During the year 47 new users registered with Luton Shopmobility. The mobility equipment was used 564 (2021.. 3661 times in the year by members and non-members. Financial Review During the year the charity feceived unrestricted income from donations of £34,973 12021 £39.2011 including donated services of £18,667 (2021 £28,000), membership and wheelchair and scooter hire fees of £2,391 {2021 £1,562), government grants of £5,944 12021 £29,994) and all other income of £8,812 (2021 £4,824). Restricted grants of £nil (2021 £5,060) were also received. After expenses of £74,322 (2021 £85,984) there was a net deficit of £22,202 12021 deficit £5,343) on the total funds. Before transfers, there was a deficit on unrestricted funds of £20,492 and a deficit on restricted funds of £1,710 in the year. At the year end the charity had cash al bank of £13,666, fixed assets of £3,393 and total accumulated reserves of £16,490. The free reseNes at the year-end are £5,347. Reserves aro held to help ensure the continuation of services. Tha level of reserves is monitored and reviewed at regular intervals by the finance committee.
LUTON SHOPMO8ILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 The Trustees are thanlrful for the support given by The Mall Luton in the year. The attached accounts show the currant slat8 of the finances of the charity. The reduced demand for services, following many months of Covid-19 lockdown closures, and the difficully in obtaining funding had an adverse impact on the last couple of yearfs results and the situation continued during this year end. Following a review of the financial position of the charity when preparing the 30 June 2021 financial statements, the trustees concluded that the only option was lo cease trading, which took effect on 26 November 2021. This was hoped lo be a temporary measure and that conditions and funding would enable Luton Shopmobility to re-open in the future. As Ihe charity ceased trading the 2021 financial statements were prepared on a basis olher than going Goncern basis. Since April 2022 Luton Shopmobility re-opéned on a trial basis on Mondays run by volunteers and with funding support from The Mall Luton. This went woll and fram 31 October 2022 they have been open on Wednesdays loo. The revenue from scooter hires, the generous financial support from The Mall Luton and the willingness of the volunteers means that in assessing the financial position for a period of at least 12 months from tho approval of these financial statements, Luton Shopmobility is a going concern and thes8 accounts have therefore been prepared on this basis. Future Plans The truste6s and volunteers are determined and committed to ensuring Luton Shopmobility continues serving the needs of the people of Luton. Public Benefit The trustees have compliod with their duly to have regard to guidance on PLtblic benafit published by the Charity Commission. Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial stataments in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Under the Charities Act 2011, the trustees ara required to prepare financial statements for aach financial year which give a true and fair view of Ihe state of affairs of th8 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistenlly-, observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Gharity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. On behalf f the board of trustees Greening Chairman 5 January 2023
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY Opinion We have audited tre financial statement5 of Luton Shopmobility (tho '¢harity'l for the year ended 31 March 2022 which comprise the Sialement of Financial Activiti88, the Balan Sheet and the relatad notes. The finanial rgporting frarnework that has been appli8d In their preparation applicab16 law and United Kingdom Accounting Standards, including Financial ReFX)rting Standard 102 'The Financial R8porting Standard applicable in the UK and Republic of Ireland, Iunited lfjngdom Generally Accepted Accounting Practice). In our opinion the financial statements". give a true and fair view ol the state ol th8 charity's affairs as at 31 March 2022 and ol its incoming rÈ50urcas and application ol re50urc85 lor th8 year then ended., hav8 been properly prepar in accordance with United Kingdom Genèr8lly Awepted Accounting Practice., and have be8n pr8p8rad in accordance with the requirements of th8 chalIeS Act 2011. Basls for opinion W8 conducted our audit in accordance with Intèmalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under th088 Standards are further describ8d in the Auditors. r8sponsibilibas for the audit of the financial 5tat8m8nts section ol our report. We are ind8pendent ol the charity in accoriSance with th8 gthical r9quirernents that are levant to our audit of the financial statements in thè UK, including the FRC'S Ethical Standard, and w8 have fulfilled our other ethical responsibilities in accordanc8 Wlth th858 requirements. We believè that the audit evidence we hava obtained is suffiognt and appropri818 to provide a basis for our opinion. Materlal uncertainty relating to going Gonr We draw attention to the note °Judgements and key assumptions. in the financial statemanls, whh indicates that the charity has had difficult financial results ftsr 58V8ral years exacerbated by the advent of Covid-19 resulting in closure last Nov6mber bas6d on the trustee's assessment of th8 financial position. Following a trial period since 6 April 2022, Luton Shoprllobility is now open two day5 per week run by the trust885 and volunteers and is op8ratirTrg within its means with financial support from The Mall Luton. Th8S8 r8c8nt conditions Indicaté a rn8t8nal uncertainty which may cast significant doubt on the charity's ability to Continue 88 a going wncem. but the audit opinion is not rnodified in respect of this matter. Other information The trustees are responsible for the other informalion. The Other infomiation comprises the information in the Report of the Trustees but does not include th8 financial staternenis and our Report ol the Auditors th8raon. Our opinion on the financial staternents does not cover the othgr itrformalion and we do not exprass any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other infomation and, in Iloing so, consider whether the other inforrnalion is materially inconsistent with the financial statements. or aur knOedge obtailled in the audit or otherwise appears to bÈ m81grially misstated. If, based on the work we have perfomied. we conclude that there is a fflalerial misslalement of this other infomiation, we are required to report that fact. We hava nothing lo report ITI this regard. Matters on which wa arè rgquired lo report by exception We have nothing to report in respect of the following matters whara th8 Challb'8s (Accounts and Reports) Regulations 2008 rèquires us to report to you il, in our opinion.. The information given ill the financial statements is inccffisistènt in any mat8ri81 rgspect with the trustees, report., or adequ8t8 8ceounting rè(x)rds hava not b6èn kept.. or
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY the fin8nci81 stataménts are not In agr8am8nt with th8 aC[Uting reoords.. or we have not received all the informats'on and explanations we requi for our audit. Rèsponsibilitlès of trustees A5 explained more fully in the Trustees, Responsibilities Statement sel out on page three, the tru5te88 ar8 responsible for the preparation of the financial statements and for being 58ti5f18d thal they give a true and f8ir vi8w, and for such internal control as the trustees det6rmin8 nec8SSary to enable the preparation of financi81 stat8tn6nts that are free from material misstatement, wh8th9r du8 to fraud or error. In preparing the financi815tat8rn8nls, the trustees are responsible for assessing the charivs ability to continue as a going conc&rn, disclosing, as applicable. maiters related to going concern and using the going concem basi8 of 8ctx)unb"ng unless thg trustees either intend to liquidate the charity or to cease operations, or havs no r881istlC 81t8mativ8 but to do so. Our r•sponslbllltSes for the audit of the financlal statements We have been appointed as auditor under section 145 01 the Charities Act 2011 and report in a<*ord8ncé with the Act and relevant regulations made or having effect th8r8und8r. Our objectives arg to obtain reasonablè assurance about wh91her the financial statements as a whole are free from material rn155tatem8nt, wh&th8r du8 to fraud or error. and to issue a Report ol the Auditors that includes our opinion. Reasonable assurance is a high level ol assurance but is not a guaranta8 that an audit conducted in accordance with ISA5 IUKI will always delect a material misstatement whèn it axists. Misstatements can arise frorn fraud or error and a considered material if, IndIvdal1Y or in the aggregate, they could reasonably be expected to influence the economic deusions of users tak8n on the basis of thesè fi'nancial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. Wo dgsign prOdureS in line with our responsibilities, ouuined above, to detect material FnisstaterHenls. including fraud. Extent to which thè audlt was eonsid•r•d capable of d8t8Cting irregularities, including fraud Because of the inher8nt limitations of an 8udit. there is a risk that we will not detect all irwularities. including those leading to a rnalerial rnisstaternent in the financial slaternents or non-complianc6 wth regulation. This risk increases the rnore that Complian with a law or regulation Is fftmovéd fmm th& events and transactions reflected in the financial staternents, as we will be less likely to becom8 awar8 of instances ol non-compliance. The risk is also greater regarding irregularit16s oceurring due to fraud rather than arror, as fraud involves intentional concealrnent, forgery, collusion, omission or misrepresentation. We identify and assass th8 risks of material mi$slatomenl of the financial statements, whether due to fraud or error. and then design and perform audit prOdureS responsive to these risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. ld8nty.ng and aSsert9 potential risks FBlat&d to irrègulariti8S In idèntifying and assessing risks of material misstat&ment in respect of irr8gularittts5, including fraud and non-cornpliance with laws and regulations, we considered the following.. the nature of the charity, control environment and business performan., th8 r8sults of our enquiries of management about their own id6nts"fication ass8SSrn8nts ol the risks of Irr8gularit18S', any matters we identified having obtained and reviewed charitys policies and procedures lating to". idènts'fying, evaluating and complying with laws and régulations and whether they were awar8 018lly instanc&8 of non4x)mp1ian'. detecting and responding to the risks of fraud and whether they have knowledge ol any actual, suspected or alleged fraud,. th8 matt8rs di5CU558d among th8 8LEdit 8ngagem8nl team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. In cxjmfflon with all audits under ISAS IUKI we are also required to parfom spacffie procgdur8s to respond to the risk of management override.
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY We a150 obtained an understanding of the legal and regulatory fram8work that the charity operates in. focussing on provisions ol those laws and regulations that had a direct effect on the determinab.on of material arnounts and disclosu$ in the finana81 stat8ments, such as the Charities Aet 2011. In addition, we considered the provisions of other laws and rggulalions that do not have a dir6Ct 8ff8Ct on the financial statements but compliance wf(h which may bg fundamental to the charity's ability to OP8rate or to avoid a material penalty. Audit tsspons& to risk idents'fiad Our proc8duras lo raspond to risks identified included the following.. Reviewing the financial statement disclosu$ to assess complianc8 with provisions of relevant laws and regulations described as having a direct effect on tho financi81 statements.. Pertoming analytical procedu$ to Identify any unusu81 or unexpected relationships that rnay indicate rnaterial misstatement due to fraud". In addressing the risk of fraud through rnanag8m8nt OV8rride of controls, the testing ol Ihg appropriateness of journal entries and oth8r adjustm8nts and evaluating the business rationale of any significant iransactions that ar8 unusual or outside the nomial course of business. W8 also communicated relevant idantified laws and regulations and pot8ntsal fraud ri3ks to all 8ng8g8mént taam m8mbers and rgmained alert to any indications ol fraud or non-cornp5iance with laws and regulations thrOughot th8 audit. A further description of our responsibilities for thè audit of the financial stalements is locatad on the Financial Reporting Council's website at 1.frC.or9.Uklaud1tO[reSponsibIJ1ties. This descripts.on forms part ol our Report of the Auditors. Usa of our r•port This report is made solely to the charity's trust88s. as a body. in accordan with Part 4 of th8 Charities IAccounis and R8POrtsl Régulations 2008. Our audit work has been undèrtaken so that we might state to th8 charity's trustees tttose mattèr5 W8 ar8 required to stale to them in a Report ol the Auditors and for no 0th8r purpose. To the fullest 6Xtent p8rwitted by law, we do not accept or a5surn8 r8sponsibility to anyone Other than the charity and thg charity's trustees as a body, for our audit work. for this report, or for the opinions w8 have formed. Miller & Co Statutory Auditor, Chartered Accountants 5 Imperial Court, Laporte Way Luto LU4 8FE 6 January 2023 Miller & Co is eligible lo act as an auditor in terms of saction 1212 of tre Companies Act 2006.
LUTON SHOPMOBILI STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022 Unrestricted Funds Restricted Funds 2022 Total 2021 Total Notes Income Donations Charitable activities Sale of goods Government grants Other income Profit on sale of fixed assets 34,973 2,391 2,332 5,944 3,514 34,973 2,391 2,332 5,944 3,514 44,261 1,562 2,124 29,994 2,340 2.966 2,966 360 Total income 52,120 52,120 80,641 Expenditure Wages Cost of goods sold Grants repaid Office oxpenses Advertising and publicity Heat, lighting, rent and rates Scooterlwheel¢hair repairs and Maintenance General repairs Insuran Subscriptions Volunteer expenses Bank and card charges Human resources Auditors, remLJneration Depreciation of.. Fixtures and fittings Premisas Wheelchairs and scooters 39,286 382 39,286 382 1,118 1,619 120 41.016 182 1,118 1,619 120 3,579 21,120 21,120 29,418 1,173 367 1.581 1,173 367 1,581 525 783 1,526 165 312 275 1,507 1,900 593 593 264 720 1,610 264 720 1,610 202 13 4,581 4,370 4,370 Total oxpanditure 72,612 1,710 74,322 85,984 Net (expenditure)lincome Transfers between funds (20,4921 11,7101 {22,2021 {5,343} Net movement in funds Funds at 1 April 2021 (20,4921 29,232 11,7101 9,460 (22,2021 38,692 {5,343} 44,035 Funds at 31 March 2022 8.740 7.750 16,490 38,692 All the charity's operations are classed as continuing. Movements on reserves and all rocognised gains and losses are shown above.
LUTON SHOPMOBILITY BALANCE SHEET at 31 March 2022 Unrestricted Funds Restricted Funds 2022 Total 2021 Total Notes Fixed assets Tangible assets 10 3,393 3,393 7,817 Current assets Stock Debtors Cash at bank Cash on hand 150 1.210 5,916 24 150 1.210 13,666 24 533 4,367 28,589 150 7,750 7,300 7,750 15,050 33.639 Creditors.. amounts falling due in one year Creditors 12 1,953 1,953 2,764 Net current assets 5,347 7,750 13,437 30,875 Net assets 8,740 7,750 16,830 38,692 Funds Unrestricted funds 14 8,740 8,740 29.232 Restricted funds 14 7,750 7,750 9,460 Total funds 8,740 7,750 16,490 38,692 The financial statemanls on pages 7 to 16 were approved by the board of trustees on 5 January 2023 and were signed on ils behalf by.. R Greening Chair C Warren Vice chair
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Accounting policies Basis of accounting The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on an accruals basis in accordance with Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102}, the Charities Acl 2011 and UK Generally Accepted Accounting Practice. The financial stateTnents have been prepared to give a 'lrue and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statom8nts ar8 prepared on a going concern basis {seo the Judgements and Key Assumptions paragraph below} under the historical cost convention. The presentation currency of the financial staternents is the Pound Sterling. rounded lo the nearest pound. The address of the principal office is given in the Trustees Annual Report on page 1 of these financial statements. Depreciation Fixed assets for use by the charity in fulf511ing its main charitable objects and costing £250 or more are capitalised and depreciated. Depreciation is provided on all fixed assets at rates calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows.. Improvements to Premises Wheelchairs and Scooters Fixtures and Fittings 100/0 Straight line 20 % straight line 20 /0 Straight line Income recognition Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when received. Donated services are valued al their eslimaled value to the charity and included under the appropriate headings. A corresponding amount is recognised in expenditure. Where it is not possible to value the goods or services, such as volunteer time, the financial statements do not include them. Grants Grants including grants for the purchase of fixed assets are recognised in the Slalemenl of Financial Activities in the year in which they are received. Government grants are recognised using the performance model and are recognised in income when the proceeds are received or receivable. Unrestricted funds Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
10 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Restricted funds Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the charity far particular purposes. Expenditure which meets these criteria together with a fair allocation of administration and support costs are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Stocks Stocks are staled at the lower of cost and estimated selling price less cost to sell and comprise goods for resale. Debtors and creditors receivablelpayable withln one year Debtors and creditors receivable or payable within one year are recorded at transaction price. Judgements and key assumptions Preparation of the financial statements requires managem8nt to make significant judgements in applying the accounting policies of the Charity and estimates and assumptions that have a significant effect on the recognition and measurement of assets, liabilities, inGome and expenses. As mentioned in the trustee report the trustees had no option bul to close last November but following a successful trial re-opening from 6 April 2022, Luton Shopmobilily is now open days per week and the scooter hire charges and financial support from The Mall Luton, together with keeping expenses under control has led the trustees lo conclude that Luton Shopmobility is a going concern. The trustees have had lo make various judgeménts regarding the estimated level of income and expénses forecast. Actual results may be different to these estimates. The trustees have considered the level of funds held and the forecast level of income and expenditure for 12 months from approving theso financial statements and have concluded that this is sufficient with the level of reserves and cash balances for the charity to be able to continue as a going concern. 2. Donations 2022 2021 General donations Donations by users Donated services - The Mall Luton (rent free offic6 and parking space) Grants 16,000 306 10,911 290 18,667 28,000 5,060 34,973 44,261
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 2. Donations (continued) Incomo from donations was £34,973 of which £nil (2021 £5,060) was attributable lo restricted and £34,973 (2021 £39,201) was attribulable to unrestricted funds. Charitable activitles 2022 2021 Membership fe6s Wheelchair and scooter hire fees 534 1,857 495 1,067 2,391 1,562 Income from charitable activities was all (2021 same) attributabl8 to unrestrlcted funds. 4. Other income Incom8 from sale of goods. sundry income and profit on sale of fixed assets totslling £8,81212021 £4,824) were all atlribulabl8 to unrestricted funds. Govemment grants were made up of £1,487 re Coronavirus Job Retention Scheme12021 £20,563) and £4,457 re Local Restriction Support Grant {2021 £9,431) and were all attributable to unrestricted funds. 5. Staff emolumants 2022 2021 Total emoluments National Insurance contributions 37,531 1,755 38.831 2,185 39,286 41,016 No employees received total employee benefits of more than £60,000. Tolal redundancy I termination payments amount to £7,10712021.' £nil) and related to statutory redundancy pay. The average rnonthly number of employees during the year were as follows'.- Manager Administralion and support 0.67 1.33
12 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 6. Auditors remuneration 2022 2021 For audit services For other services 1,200 360 1,248 652 1,560 1,900 Trustees. and koy management personnel remuneration and expenses The Irustees neither received nor waived any remuneration during the year (2021= same). The total amount of ernployee benefits received by k8y manag8menl personnel is £19,96612021= £23,006). The Trust considérs its key management personnel comprise the charity manager. Th6 trustees did not have any expenses reimbursed during the year12021'. same). Related party transactions There were no related party transactions during the year12021.' same). 9. Expenditure - 2021 comparative Unrestricted Fund Restricted Fund 2021 Total Wages Cost of goods sold Telephone charges Postage, stationery and office expenses Advertising and publicity Heating, light, rent and rates Scoolerlwheelchair repairs and maintenance General repairs and renewals Insurance Subscriptions and confer8nce fees Volunleer expenses Bank and credit card charges Human resources costs Auditors, remuneration Depreciation ol fixtures and fittings Depreciation of premisos Depreciation of wheelchairs and scooters Profiuloss on disposal of fixed assets 40,882 182 134 41,016 182 1,552 2,027 3,579 29,418 525 783 1,526 165 29,418 525 783 1,526 165 312 275 1,507 1,900 202 13 4,581 312 275 1,507 1.900 202 13 4,581 Total expenditure 83,511 2,473 85,984
13 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 10. Tangible fixed assets Fixtures & Fittings Premises Improvement Wheelchairs & Scooters Total Cost 1 April 2021 Additions Disposals 31 March 2022 12,303 84,748 47,518 144,569 16,859 30,659 16,859 127,710 12,303 84,748 Dopreciation 1 April 2021 Charge for year Eliminated on disposal 31 March 2021 12,303 84,748 39,701 4,370 16,805 27,266 136,752 4,370 16,805 124,317 12.303 84,748 Net book value 31 March 2022 3,393 3,393 31 March 2021 7,817 7,817 The office premises used by the charity ara not owned by the charity and are occupied rent free. 11. Debtors 2022 2021 Prepayments and accrued income 1,210 4,367 4.367 4,367 12. Creditors 2022 2021 Other creditors Accruals 393 1,560 533 2,231 1,953 2,764
14 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 13. Fund reconciliation Balance at 0110412021 Income Expenses Transfers Balance al 3110312022 Unrestricted funds General funds Designated fvnds 19,232 10,000 52,120 172,6121 10,000 10,000 8,740 29,232 52,120 172,612) 8,740 Reslricted funds Scooter replacement Volunteer expenses 6,873 2,587 6,873 877 1,710 9,460 11,710} 7,750 Total funds 38,692 52,120 74,322 16,490 Balance at 0110412020 In¢ome Exponsas Transfers Balance at 3110312021 Unrestricted funds General funds Designated funds 37,162 75,581 {83,511) 110,000) 19,232 10,000 37,162 75,581 (83.511) 29,232 Reslricted funds Scooter replacement Uniform replacament Volunteer expenses Covid cleaning 6,873 6,873 2,000 3,000 60 12,0001 14131 60 2,587 6,873 5,060 {2,4731 9.460 Total funds 44,035 80,641 85,984 38,692
15 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 13. Fund reconciliation {cont'd) Fund Descriptions Unrestncted funds These are funds that the trustees are free to use in accordance with the charitable objects. Designatod funds These are funds set aside to COV8r the cost of potential future radundancies. Restricted funds Unifom replacement- being a Community Support Fund grant to cover the cost lo rOp1a staff uniforms. Scooter replacement being various grants received for the replacement of scooters and wheelchairs that have reached the end of their useful life. Once the scootors have been purchased Ihe value of the tsngible fixed assets is transferred to unrestricted funds as the asset is held for a general and not a restricted purpose. Volunleer expenses being grants received from London Lulon Airport Ltd via BCLF, Green Hall Foundation and the Community Support Fund lo cover the cost of volunteers, exponses. Covid cleaning - being a grant recoived from Blakemore Foundation to cover the cost of cleaning and safety iterns in direct response to Covid 19.
16 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 14. Analysis of net assets between funds Unrestricted Restricled Fund Fund 2022 Total Fixed assets Current assets Current liabilities 3.393 7,300 11,953) 3,393 15,050 11,953} 7,750 8,740 7,750 16.490 Unreslricted Restricted Fund Fund 2021 Total Fixed assets Current assets Current liabilities 7,817 24,179 {2,7641 7,817 33,639 (2,7641 9,460 29.232 9,460 38,692
LUTON SHOPMOBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Registered Charity Number: 1002805 Miller & Co. Statutory Auditors Chartered Accountants 5 Imperial Court Laporte Way Luton LU4 8FE
LUTON SHOPMOBILITY FINANCIAL STATEMENTS for the year ended 31 March 2022 CONTENTS Page Trustees, Annual Report Auditors, Report Statement of Financial Activities Balan Sheet Notes to the Accounts
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 Reference and administrative details Status.. Unincorporated association established on 23 July 1990 and formalised by a constitution dated 13 February 1991 and amended on 23 June 1999, 9 October 2003 and 11 April 2017 and registered as a charity on 9 May 1991. Charity number.. 1002805 Principal address= Clo Mall Management Office Unit 37, The Mall Luton, Beds. LU12LJ Trustees: R Greening (Chairl S Kighlley {Treasurerl (Resigned 26 November 20211 S Bolton (Vice chairl {Resigned 9 February 20221 L Meyer {Appoint8d 9 February 20221 C Beck C Mallia C Warren (Secratary} (Vice chair} Charity managar. J Harris (Redundant 26 November 2021) Bankers: CAF Bank Limited PO Box 289 West Malling Kent ME19 4TA Auditors.. Miller & Co. Statutory Auditors Chartered Accountants 5 Imperial Court Laporte Way Luton LU4 8FE Place of business: Level 3, Market Car Park The Mall. Luton LU12LJ
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity. The Financial Statements have been prepared in accordan with the accounting policies set out in the notes lo the accounts and comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. structure. governance and management The charity is an unincorporated association governed by 8 constitution. The trustees are responsible for the administration of the charity. Trustees ar8 elected or re-elected al Annual General Meetings. Th& charity's Structure is that of a gen8ral committee and the trustees meet on a regular basis. The day to day running of the charity used to be delegated to the charity rnanager, an employee of the charity who reported to the general committee. However, following the closure on 26 November 2021 the day-to-day running is now managed by the trustees with help from the volunteers. The trustees have assessed the major risks to which the charity is exposed, in particular those related to the financ8s of the charity and are satisfied that systems are in place to reduce the exposure ta these risks. Objectives and activities The objective of the charity is to relieve persons with limited mobility in Luton and district by providing facilities in particular wheelchairs and similar equipment with the object of improving their mobility and conditions of life. The service operates from The Mall and loans wheelchairs and scooters on an hourly basis, for a small fee. so that limited mobility people can enjoy the town centre and its amenities in comfort. A group of volunteers assist with the ongoing, day to day operation of the charity and their help is vital to the continued smooth running of the charity. Achievements and performance During the year 47 new users registered with Luton Shopmobility. The mobility equipment was used 564 (2021.. 3661 times in the year by members and non-members. Financial Review During the year the charity feceived unrestricted income from donations of £34,973 12021 £39.2011 including donated services of £18,667 (2021 £28,000), membership and wheelchair and scooter hire fees of £2,391 {2021 £1,562), government grants of £5,944 12021 £29,994) and all other income of £8,812 (2021 £4,824). Restricted grants of £nil (2021 £5,060) were also received. After expenses of £74,322 (2021 £85,984) there was a net deficit of £22,202 12021 deficit £5,343) on the total funds. Before transfers, there was a deficit on unrestricted funds of £20,492 and a deficit on restricted funds of £1,710 in the year. At the year end the charity had cash al bank of £13,666, fixed assets of £3,393 and total accumulated reserves of £16,490. The free reseNes at the year-end are £5,347. Reserves aro held to help ensure the continuation of services. Tha level of reserves is monitored and reviewed at regular intervals by the finance committee.
LUTON SHOPMO8ILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2022 The Trustees are thanlrful for the support given by The Mall Luton in the year. The attached accounts show the currant slat8 of the finances of the charity. The reduced demand for services, following many months of Covid-19 lockdown closures, and the difficully in obtaining funding had an adverse impact on the last couple of yearfs results and the situation continued during this year end. Following a review of the financial position of the charity when preparing the 30 June 2021 financial statements, the trustees concluded that the only option was lo cease trading, which took effect on 26 November 2021. This was hoped lo be a temporary measure and that conditions and funding would enable Luton Shopmobility to re-open in the future. As Ihe charity ceased trading the 2021 financial statements were prepared on a basis olher than going Goncern basis. Since April 2022 Luton Shopmobility re-opéned on a trial basis on Mondays run by volunteers and with funding support from The Mall Luton. This went woll and fram 31 October 2022 they have been open on Wednesdays loo. The revenue from scooter hires, the generous financial support from The Mall Luton and the willingness of the volunteers means that in assessing the financial position for a period of at least 12 months from tho approval of these financial statements, Luton Shopmobility is a going concern and thes8 accounts have therefore been prepared on this basis. Future Plans The truste6s and volunteers are determined and committed to ensuring Luton Shopmobility continues serving the needs of the people of Luton. Public Benefit The trustees have compliod with their duly to have regard to guidance on PLtblic benafit published by the Charity Commission. Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial stataments in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Under the Charities Act 2011, the trustees ara required to prepare financial statements for aach financial year which give a true and fair view of Ihe state of affairs of th8 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistenlly-, observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Gharity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. On behalf f the board of trustees Greening Chairman 5 January 2023
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY Opinion We have audited tre financial statement5 of Luton Shopmobility (tho '¢harity'l for the year ended 31 March 2022 which comprise the Sialement of Financial Activiti88, the Balan Sheet and the relatad notes. The finanial rgporting frarnework that has been appli8d In their preparation applicab16 law and United Kingdom Accounting Standards, including Financial ReFX)rting Standard 102 'The Financial R8porting Standard applicable in the UK and Republic of Ireland, Iunited lfjngdom Generally Accepted Accounting Practice). In our opinion the financial statements". give a true and fair view ol the state ol th8 charity's affairs as at 31 March 2022 and ol its incoming rÈ50urcas and application ol re50urc85 lor th8 year then ended., hav8 been properly prepar in accordance with United Kingdom Genèr8lly Awepted Accounting Practice., and have be8n pr8p8rad in accordance with the requirements of th8 chalIeS Act 2011. Basls for opinion W8 conducted our audit in accordance with Intèmalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under th088 Standards are further describ8d in the Auditors. r8sponsibilibas for the audit of the financial 5tat8m8nts section ol our report. We are ind8pendent ol the charity in accoriSance with th8 gthical r9quirernents that are levant to our audit of the financial statements in thè UK, including the FRC'S Ethical Standard, and w8 have fulfilled our other ethical responsibilities in accordanc8 Wlth th858 requirements. We believè that the audit evidence we hava obtained is suffiognt and appropri818 to provide a basis for our opinion. Materlal uncertainty relating to going Gonr We draw attention to the note °Judgements and key assumptions. in the financial statemanls, whh indicates that the charity has had difficult financial results ftsr 58V8ral years exacerbated by the advent of Covid-19 resulting in closure last Nov6mber bas6d on the trustee's assessment of th8 financial position. Following a trial period since 6 April 2022, Luton Shoprllobility is now open two day5 per week run by the trust885 and volunteers and is op8ratirTrg within its means with financial support from The Mall Luton. Th8S8 r8c8nt conditions Indicaté a rn8t8nal uncertainty which may cast significant doubt on the charity's ability to Continue 88 a going wncem. but the audit opinion is not rnodified in respect of this matter. Other information The trustees are responsible for the other informalion. The Other infomiation comprises the information in the Report of the Trustees but does not include th8 financial staternenis and our Report ol the Auditors th8raon. Our opinion on the financial staternents does not cover the othgr itrformalion and we do not exprass any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other infomation and, in Iloing so, consider whether the other inforrnalion is materially inconsistent with the financial statements. or aur knOedge obtailled in the audit or otherwise appears to bÈ m81grially misstated. If, based on the work we have perfomied. we conclude that there is a fflalerial misslalement of this other infomiation, we are required to report that fact. We hava nothing lo report ITI this regard. Matters on which wa arè rgquired lo report by exception We have nothing to report in respect of the following matters whara th8 Challb'8s (Accounts and Reports) Regulations 2008 rèquires us to report to you il, in our opinion.. The information given ill the financial statements is inccffisistènt in any mat8ri81 rgspect with the trustees, report., or adequ8t8 8ceounting rè(x)rds hava not b6èn kept.. or
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY the fin8nci81 stataménts are not In agr8am8nt with th8 aC[Uting reoords.. or we have not received all the informats'on and explanations we requi for our audit. Rèsponsibilitlès of trustees A5 explained more fully in the Trustees, Responsibilities Statement sel out on page three, the tru5te88 ar8 responsible for the preparation of the financial statements and for being 58ti5f18d thal they give a true and f8ir vi8w, and for such internal control as the trustees det6rmin8 nec8SSary to enable the preparation of financi81 stat8tn6nts that are free from material misstatement, wh8th9r du8 to fraud or error. In preparing the financi815tat8rn8nls, the trustees are responsible for assessing the charivs ability to continue as a going conc&rn, disclosing, as applicable. maiters related to going concern and using the going concem basi8 of 8ctx)unb"ng unless thg trustees either intend to liquidate the charity or to cease operations, or havs no r881istlC 81t8mativ8 but to do so. Our r•sponslbllltSes for the audit of the financlal statements We have been appointed as auditor under section 145 01 the Charities Act 2011 and report in a<*ord8ncé with the Act and relevant regulations made or having effect th8r8und8r. Our objectives arg to obtain reasonablè assurance about wh91her the financial statements as a whole are free from material rn155tatem8nt, wh&th8r du8 to fraud or error. and to issue a Report ol the Auditors that includes our opinion. Reasonable assurance is a high level ol assurance but is not a guaranta8 that an audit conducted in accordance with ISA5 IUKI will always delect a material misstatement whèn it axists. Misstatements can arise frorn fraud or error and a considered material if, IndIvdal1Y or in the aggregate, they could reasonably be expected to influence the economic deusions of users tak8n on the basis of thesè fi'nancial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. Wo dgsign prOdureS in line with our responsibilities, ouuined above, to detect material FnisstaterHenls. including fraud. Extent to which thè audlt was eonsid•r•d capable of d8t8Cting irregularities, including fraud Because of the inher8nt limitations of an 8udit. there is a risk that we will not detect all irwularities. including those leading to a rnalerial rnisstaternent in the financial slaternents or non-complianc6 wth regulation. This risk increases the rnore that Complian with a law or regulation Is fftmovéd fmm th& events and transactions reflected in the financial staternents, as we will be less likely to becom8 awar8 of instances ol non-compliance. The risk is also greater regarding irregularit16s oceurring due to fraud rather than arror, as fraud involves intentional concealrnent, forgery, collusion, omission or misrepresentation. We identify and assass th8 risks of material mi$slatomenl of the financial statements, whether due to fraud or error. and then design and perform audit prOdureS responsive to these risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. ld8nty.ng and aSsert9 potential risks FBlat&d to irrègulariti8S In idèntifying and assessing risks of material misstat&ment in respect of irr8gularittts5, including fraud and non-cornpliance with laws and regulations, we considered the following.. the nature of the charity, control environment and business performan., th8 r8sults of our enquiries of management about their own id6nts"fication ass8SSrn8nts ol the risks of Irr8gularit18S', any matters we identified having obtained and reviewed charitys policies and procedures lating to". idènts'fying, evaluating and complying with laws and régulations and whether they were awar8 018lly instanc&8 of non4x)mp1ian'. detecting and responding to the risks of fraud and whether they have knowledge ol any actual, suspected or alleged fraud,. th8 matt8rs di5CU558d among th8 8LEdit 8ngagem8nl team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. In cxjmfflon with all audits under ISAS IUKI we are also required to parfom spacffie procgdur8s to respond to the risk of management override.
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY We a150 obtained an understanding of the legal and regulatory fram8work that the charity operates in. focussing on provisions ol those laws and regulations that had a direct effect on the determinab.on of material arnounts and disclosu$ in the finana81 stat8ments, such as the Charities Aet 2011. In addition, we considered the provisions of other laws and rggulalions that do not have a dir6Ct 8ff8Ct on the financial statements but compliance wf(h which may bg fundamental to the charity's ability to OP8rate or to avoid a material penalty. Audit tsspons& to risk idents'fiad Our proc8duras lo raspond to risks identified included the following.. Reviewing the financial statement disclosu$ to assess complianc8 with provisions of relevant laws and regulations described as having a direct effect on tho financi81 statements.. Pertoming analytical procedu$ to Identify any unusu81 or unexpected relationships that rnay indicate rnaterial misstatement due to fraud". In addressing the risk of fraud through rnanag8m8nt OV8rride of controls, the testing ol Ihg appropriateness of journal entries and oth8r adjustm8nts and evaluating the business rationale of any significant iransactions that ar8 unusual or outside the nomial course of business. W8 also communicated relevant idantified laws and regulations and pot8ntsal fraud ri3ks to all 8ng8g8mént taam m8mbers and rgmained alert to any indications ol fraud or non-cornp5iance with laws and regulations thrOughot th8 audit. A further description of our responsibilities for thè audit of the financial stalements is locatad on the Financial Reporting Council's website at 1.frC.or9.Uklaud1tO[reSponsibIJ1ties. This descripts.on forms part ol our Report of the Auditors. Usa of our r•port This report is made solely to the charity's trust88s. as a body. in accordan with Part 4 of th8 Charities IAccounis and R8POrtsl Régulations 2008. Our audit work has been undèrtaken so that we might state to th8 charity's trustees tttose mattèr5 W8 ar8 required to stale to them in a Report ol the Auditors and for no 0th8r purpose. To the fullest 6Xtent p8rwitted by law, we do not accept or a5surn8 r8sponsibility to anyone Other than the charity and thg charity's trustees as a body, for our audit work. for this report, or for the opinions w8 have formed. Miller & Co Statutory Auditor, Chartered Accountants 5 Imperial Court, Laporte Way Luto LU4 8FE 6 January 2023 Miller & Co is eligible lo act as an auditor in terms of saction 1212 of tre Companies Act 2006.
LUTON SHOPMOBILI STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022 Unrestricted Funds Restricted Funds 2022 Total 2021 Total Notes Income Donations Charitable activities Sale of goods Government grants Other income Profit on sale of fixed assets 34,973 2,391 2,332 5,944 3,514 34,973 2,391 2,332 5,944 3,514 44,261 1,562 2,124 29,994 2,340 2.966 2,966 360 Total income 52,120 52,120 80,641 Expenditure Wages Cost of goods sold Grants repaid Office oxpenses Advertising and publicity Heat, lighting, rent and rates Scooterlwheel¢hair repairs and Maintenance General repairs Insuran Subscriptions Volunteer expenses Bank and card charges Human resources Auditors, remLJneration Depreciation of.. Fixtures and fittings Premisas Wheelchairs and scooters 39,286 382 39,286 382 1,118 1,619 120 41.016 182 1,118 1,619 120 3,579 21,120 21,120 29,418 1,173 367 1.581 1,173 367 1,581 525 783 1,526 165 312 275 1,507 1,900 593 593 264 720 1,610 264 720 1,610 202 13 4,581 4,370 4,370 Total oxpanditure 72,612 1,710 74,322 85,984 Net (expenditure)lincome Transfers between funds (20,4921 11,7101 {22,2021 {5,343} Net movement in funds Funds at 1 April 2021 (20,4921 29,232 11,7101 9,460 (22,2021 38,692 {5,343} 44,035 Funds at 31 March 2022 8.740 7.750 16,490 38,692 All the charity's operations are classed as continuing. Movements on reserves and all rocognised gains and losses are shown above.
LUTON SHOPMOBILITY BALANCE SHEET at 31 March 2022 Unrestricted Funds Restricted Funds 2022 Total 2021 Total Notes Fixed assets Tangible assets 10 3,393 3,393 7,817 Current assets Stock Debtors Cash at bank Cash on hand 150 1.210 5,916 24 150 1.210 13,666 24 533 4,367 28,589 150 7,750 7,300 7,750 15,050 33.639 Creditors.. amounts falling due in one year Creditors 12 1,953 1,953 2,764 Net current assets 5,347 7,750 13,437 30,875 Net assets 8,740 7,750 16,830 38,692 Funds Unrestricted funds 14 8,740 8,740 29.232 Restricted funds 14 7,750 7,750 9,460 Total funds 8,740 7,750 16,490 38,692 The financial statemanls on pages 7 to 16 were approved by the board of trustees on 5 January 2023 and were signed on ils behalf by.. R Greening Chair C Warren Vice chair
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Accounting policies Basis of accounting The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on an accruals basis in accordance with Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102}, the Charities Acl 2011 and UK Generally Accepted Accounting Practice. The financial stateTnents have been prepared to give a 'lrue and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statom8nts ar8 prepared on a going concern basis {seo the Judgements and Key Assumptions paragraph below} under the historical cost convention. The presentation currency of the financial staternents is the Pound Sterling. rounded lo the nearest pound. The address of the principal office is given in the Trustees Annual Report on page 1 of these financial statements. Depreciation Fixed assets for use by the charity in fulf511ing its main charitable objects and costing £250 or more are capitalised and depreciated. Depreciation is provided on all fixed assets at rates calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows.. Improvements to Premises Wheelchairs and Scooters Fixtures and Fittings 100/0 Straight line 20 % straight line 20 /0 Straight line Income recognition Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when received. Donated services are valued al their eslimaled value to the charity and included under the appropriate headings. A corresponding amount is recognised in expenditure. Where it is not possible to value the goods or services, such as volunteer time, the financial statements do not include them. Grants Grants including grants for the purchase of fixed assets are recognised in the Slalemenl of Financial Activities in the year in which they are received. Government grants are recognised using the performance model and are recognised in income when the proceeds are received or receivable. Unrestricted funds Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
10 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Restricted funds Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the charity far particular purposes. Expenditure which meets these criteria together with a fair allocation of administration and support costs are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Stocks Stocks are staled at the lower of cost and estimated selling price less cost to sell and comprise goods for resale. Debtors and creditors receivablelpayable withln one year Debtors and creditors receivable or payable within one year are recorded at transaction price. Judgements and key assumptions Preparation of the financial statements requires managem8nt to make significant judgements in applying the accounting policies of the Charity and estimates and assumptions that have a significant effect on the recognition and measurement of assets, liabilities, inGome and expenses. As mentioned in the trustee report the trustees had no option bul to close last November but following a successful trial re-opening from 6 April 2022, Luton Shopmobilily is now open days per week and the scooter hire charges and financial support from The Mall Luton, together with keeping expenses under control has led the trustees lo conclude that Luton Shopmobility is a going concern. The trustees have had lo make various judgeménts regarding the estimated level of income and expénses forecast. Actual results may be different to these estimates. The trustees have considered the level of funds held and the forecast level of income and expenditure for 12 months from approving theso financial statements and have concluded that this is sufficient with the level of reserves and cash balances for the charity to be able to continue as a going concern. 2. Donations 2022 2021 General donations Donations by users Donated services - The Mall Luton (rent free offic6 and parking space) Grants 16,000 306 10,911 290 18,667 28,000 5,060 34,973 44,261
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 2. Donations (continued) Incomo from donations was £34,973 of which £nil (2021 £5,060) was attributable lo restricted and £34,973 (2021 £39,201) was attribulable to unrestricted funds. Charitable activitles 2022 2021 Membership fe6s Wheelchair and scooter hire fees 534 1,857 495 1,067 2,391 1,562 Income from charitable activities was all (2021 same) attributabl8 to unrestrlcted funds. 4. Other income Incom8 from sale of goods. sundry income and profit on sale of fixed assets totslling £8,81212021 £4,824) were all atlribulabl8 to unrestricted funds. Govemment grants were made up of £1,487 re Coronavirus Job Retention Scheme12021 £20,563) and £4,457 re Local Restriction Support Grant {2021 £9,431) and were all attributable to unrestricted funds. 5. Staff emolumants 2022 2021 Total emoluments National Insurance contributions 37,531 1,755 38.831 2,185 39,286 41,016 No employees received total employee benefits of more than £60,000. Tolal redundancy I termination payments amount to £7,10712021.' £nil) and related to statutory redundancy pay. The average rnonthly number of employees during the year were as follows'.- Manager Administralion and support 0.67 1.33
12 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 6. Auditors remuneration 2022 2021 For audit services For other services 1,200 360 1,248 652 1,560 1,900 Trustees. and koy management personnel remuneration and expenses The Irustees neither received nor waived any remuneration during the year (2021= same). The total amount of ernployee benefits received by k8y manag8menl personnel is £19,96612021= £23,006). The Trust considérs its key management personnel comprise the charity manager. Th6 trustees did not have any expenses reimbursed during the year12021'. same). Related party transactions There were no related party transactions during the year12021.' same). 9. Expenditure - 2021 comparative Unrestricted Fund Restricted Fund 2021 Total Wages Cost of goods sold Telephone charges Postage, stationery and office expenses Advertising and publicity Heating, light, rent and rates Scoolerlwheelchair repairs and maintenance General repairs and renewals Insurance Subscriptions and confer8nce fees Volunleer expenses Bank and credit card charges Human resources costs Auditors, remuneration Depreciation ol fixtures and fittings Depreciation of premisos Depreciation of wheelchairs and scooters Profiuloss on disposal of fixed assets 40,882 182 134 41,016 182 1,552 2,027 3,579 29,418 525 783 1,526 165 29,418 525 783 1,526 165 312 275 1,507 1,900 202 13 4,581 312 275 1,507 1.900 202 13 4,581 Total expenditure 83,511 2,473 85,984
13 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 10. Tangible fixed assets Fixtures & Fittings Premises Improvement Wheelchairs & Scooters Total Cost 1 April 2021 Additions Disposals 31 March 2022 12,303 84,748 47,518 144,569 16,859 30,659 16,859 127,710 12,303 84,748 Dopreciation 1 April 2021 Charge for year Eliminated on disposal 31 March 2021 12,303 84,748 39,701 4,370 16,805 27,266 136,752 4,370 16,805 124,317 12.303 84,748 Net book value 31 March 2022 3,393 3,393 31 March 2021 7,817 7,817 The office premises used by the charity ara not owned by the charity and are occupied rent free. 11. Debtors 2022 2021 Prepayments and accrued income 1,210 4,367 4.367 4,367 12. Creditors 2022 2021 Other creditors Accruals 393 1,560 533 2,231 1,953 2,764
14 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 13. Fund reconciliation Balance at 0110412021 Income Expenses Transfers Balance al 3110312022 Unrestricted funds General funds Designated fvnds 19,232 10,000 52,120 172,6121 10,000 10,000 8,740 29,232 52,120 172,612) 8,740 Reslricted funds Scooter replacement Volunteer expenses 6,873 2,587 6,873 877 1,710 9,460 11,710} 7,750 Total funds 38,692 52,120 74,322 16,490 Balance at 0110412020 In¢ome Exponsas Transfers Balance at 3110312021 Unrestricted funds General funds Designated funds 37,162 75,581 {83,511) 110,000) 19,232 10,000 37,162 75,581 (83.511) 29,232 Reslricted funds Scooter replacement Uniform replacament Volunteer expenses Covid cleaning 6,873 6,873 2,000 3,000 60 12,0001 14131 60 2,587 6,873 5,060 {2,4731 9.460 Total funds 44,035 80,641 85,984 38,692
15 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 13. Fund reconciliation {cont'd) Fund Descriptions Unrestncted funds These are funds that the trustees are free to use in accordance with the charitable objects. Designatod funds These are funds set aside to COV8r the cost of potential future radundancies. Restricted funds Unifom replacement- being a Community Support Fund grant to cover the cost lo rOp1a staff uniforms. Scooter replacement being various grants received for the replacement of scooters and wheelchairs that have reached the end of their useful life. Once the scootors have been purchased Ihe value of the tsngible fixed assets is transferred to unrestricted funds as the asset is held for a general and not a restricted purpose. Volunleer expenses being grants received from London Lulon Airport Ltd via BCLF, Green Hall Foundation and the Community Support Fund lo cover the cost of volunteers, exponses. Covid cleaning - being a grant recoived from Blakemore Foundation to cover the cost of cleaning and safety iterns in direct response to Covid 19.
16 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 14. Analysis of net assets between funds Unrestricted Restricled Fund Fund 2022 Total Fixed assets Current assets Current liabilities 3.393 7,300 11,953) 3,393 15,050 11,953} 7,750 8,740 7,750 16.490 Unreslricted Restricted Fund Fund 2021 Total Fixed assets Current assets Current liabilities 7,817 24,179 {2,7641 7,817 33,639 (2,7641 9,460 29.232 9,460 38,692