Annual Report
2023 to 2024
Charity Number 1002805
THE AIMS AND OBJECTIVES OF
LUTON SHOPMOBILITY
Our Vision
To provide a service for people with mobility difficulties.
Our Mission Statement
We are committed to creating an environment in which the individual difference of all our members is recognised and valued and that all members are entitled to use our services with dignity and respect.
Our Values
To continue to promote independent living.
LUTON SHOPMOBILITY 23[rd] July 1991
Registered Charity No. 1002805
WHERE TO FIND LUTON SHOPMOBILITY?
Luton Shopmobility is located on the 3rd floor of the Market Car Park,
within The Point Shopping Centre. SAT NAV LU1 2JX
It is easily accessible by bus, car or taxi.
Alternatively people entering The Point Luton’s foyer entrance at Church Street can use the intercom connection for assistance. A chair or scooter will be brought to you at the entrance.
HOW DO WE HELP PEOPLE?
Apart from being staffed by excellent, caring volunteers, who deal sympathetically and cheerfully with all our visitors, we feel that we have equipment that will cater for most needs.
To date we have:
16 Electric scooters
6 Manual wheelchairs of various sizes
Website www.lutonshopmobility.co.uk
@LShopmobility
Luton Shopmobility
CHAIR REPORT 2023/2024
The past few years has been very tricky times for the organisation but through thick and thin we have survived and only because of the hard work and efforts of our wonderful Committee and volunteers.
We have had to make some very difficult decisions in the past few years but we are now just in a position to keep running albeit a reduced service of two days a week but are hopeful that in the future we will be able to extend the service to more days and support our community even more.
Although its been the most challenging year we have ever faced, I am so proud of the way we have come through this together. Our membership is still significantly down and user numbers remain low but as public confidence grows we are hopeful visits to the Town centre will increase and the need of Shopmobility will shine through.
I would like to thank each and every one of the Committee members and volunteers for their support and guidance, its really appreciated. Thank you to Carol Mallia, Carol Warren, Lara Meyer, Liz Zurawska and Cathy Beck. All these ladies gave their time free of charge to maintain and keep the scheme running and carry out all the day to day functions to keep Shopmobility compliant, safe and so welcoming to our customers.
I am so very proud, thank you.
Good luck to all for 2024/2025 and beyond.
Roy Greening Chair Shopmobility
Secretary’s Report 2023 to 2024
Income this year has been as follows.
| Donations Sales of Goods Loans Total |
£14,872.18 £ 213.00 £ 1,950.00 £17,035.18 |
|---|---|
1[st] Lockdown -we temporarily closed due to COVID-19 on Monday 23[rd] March 2020, following an assessment by The Mall Luton on 23[rd] June 2020 then we we able to re-open on Monday 3[rd] August 2020-COVID secure.
2[nd] Lockdown -Closed on 5[th] November 2020 & re-opened 3[rd] December 2020
3[rd] Lockdown -Closed 6[th] January 2021 & re-opened 19[th] April 20
Closure - 26[th] November 2022 Re-opened 4[th] April 2022
Well, we have now been open over 2 years, who would of thought this to be possible. Our volunteers and Trustees of Luton Shopmobility have achieved so much in this time. We are still open 2 days a week and hopefully moving towards a Friday too, this is our goal for 2024. Our memberships are slowly increasing in numbers. A huge ‘Thank You’ to Luton Point for their continued support as without it we couldn’t survive, even with our members paying £2 per hour , it doesn’t cover the bills.
Without the dedication of Carol Warren, Elizabeth Zurawska, Lara Meyer and myself none of this would be possible.
Alif Communities which is run by Sarah Salim borrowed and dressed our scooters for the Luton Carnival and also took part in various disabliity events including going to the Secretary General Commonwealth and Foreign Minister of Pakistan in London for a week, now that’s an achievent!. Also Sarah Salim recently put us in contact with Lauren Cox at the Lutons Disability Network at The Town Hall, which we now attend monthly meetings. This has led to us having 2 work experience teenagers coming 2 days a week for 4 weeks, if this works out then its something for the future. Also we are attending the first Tueday of the month coffee morning for Alzheimers Society. Hopefully talking to future customers about coming to us for help. This is all from attending the Disability Network Meetings and we are now aware of various disabled services in our area.
Onwards and upwards!!
Carol Mallia Treasurer
Thank You
Volunteers and Trustees of Luton Shopmobility express their sincere thanks to all the companies, individuals and charitable sources that have been generous in providing financial support to the scheme over the past few years, including
Blakemore Foundation
Bedfordshire & Luton Community Foundation National Lottery Community Fund Covid 19 Luton Point
The Greenhall Foundation
Thank You for your support
LUTON SHOPMOBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 2024 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 2024 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 Luton Point, Centre Management 37 Luton Point Luton, Beds. LU12LJ Trustees: R Greening (Chair) L Meyer (Secretary) C Beck C Mallia (Treasurer) C Warren (Vice chair) E Zurawska (appointed 311112023) 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: 3° Floor, Market Car Park Luton Point, Luton LU12LJ
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2024 The Trustees present their report and the audited financial statements of the charÉty for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practi (SORP) "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 to the accounts and comply with the Charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practi 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 a constitution. The trustees are responsible for the administration of the charity. Trustees are elected or re-elected at Annual General Meetings. The charity's structure is that of a general committee and the trustees meet on a regular basis. The day to day running of the charity is 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 finances of the charity and are satisfied that systems are in place to reduce the exposure to 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 serviTr operates from Level 3 of the Market Car Park at Luton Point 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 32 (2023: 23) new users registered with Luton Shopmobility. The mobility equipment was used 371 (2023: 289) times in the year. Financial Review During the year the charity received unrestricted income from donations of £42,872 (2023.. £38,584) including donaled ServIS of £28,000 (2023: £28,000), wheelchair and scooter hire fees of £1,950 (2023.. £1,481) and all other income of £251 (2023: £210). There were no restricted grants (2023: £nil) received. After expenses of £36,839 (2023: £38,708) there was a net surplus of £8,234 (2023: £1,567) on the total funds. Before transfers. there was a surplus on unrestricted funds of £8,444 and a deficit on restricted funds of £210 in the year. At the year end the charity had cash at bank of £20,376, fixed assets of £2,058 and total accumulated reserves of £26,291. The free reserves at the year-end are £20,046. Reserves are held to help ensure the continuation of services. The level of reserves is monitored and reviewed at regular intepials by the finan committee. The Trustees are thankful for the support given by Luton Point (formerly The Mall Luton) in the year.
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2024 The attached accounts show the current state of the finances of the charty. sin the temporary closure between 27 November 2021 and 3 April 2022, due the effects of Covid as well as the difficulty experienced in obtaining funding for the service, Luton Shopmobility is now open two days per week run by a dedicated team of trustees and volunteers. The revenue from scooter hires, the generous financial support from Luton Point and the willingness of the volunteers means that in assessing the financial position for a period of at least 12 months from the approval of these financial statements, the trustees have concluded that Luton Shopmobility is a going concern and these accounts have therefore been prepared on this basis. Future Plans The trustees and volunteers are determined and committed to ensuring Luton Shopmobility continues serving the needs of the people of Luton and if conditions and circuMstanS allow will aim to open for a 3rd day in the week. Public Benefit The trustees have complied with their duty to have regard to guidan on public benefit published by the Charity Commission. Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the 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 consistently: observe the melhods and principles in the Chartties 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 conrn basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time 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 of t oard of trustees R Greening Chairman 24 October 2024
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY Opinion We have audited the financial ststements of Luton Shopmobility (the '¢harity') for the year ended 31 March 2024 which comprise the Slatement of Financial Activities. the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financtal statements: give a true and fair view of the state of the chartty's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended. have been properly prepared in ac£ordance with United "ngdoM Generally Accepted Accounting Practice. and have been prepared in accordance wilh the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordanct with Intemational Standards on Auditing (UK) {ISAs {UK}} and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements thal are relevant to our audit of the financial stslements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requiremen15. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditin9 the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively, may cast significant doubt on the charity's ability to cAinlinue as a going concem for a period of at least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wtth respect lo going cx)ncem are described in the relevant secb'ons of this report. Other infomiation The trustees are responsible for the other information. The other information Comprises the infomiation in the Report of the Trus186s but does not include the financial statements and our Report of the Auditors thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assuran conclusion thereon. In cOnntIon with our audil of the financial stalements, our responsibility is to read the other informab'on and, in doing so. consider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed. we conclude that there is a material misststement of this other infomiation. we are required to report that fact. We have nolhing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matter5 where the Charrties (Accounts and Reports) RegL¢lalions 2008 qUireS us to report to you rf. in our opinion.. The infomialion given in the financial statements is inconsistent in any material respect with th8 trustees. feport,. or adequate accounting re(xirds have nol been kept: or
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY the financial statements are not in agreement with the accounting Cords., or we have not received all the infomiation and explan8ts.ons we requi for our audit. Responsibilities of trustoes As explained more fully in the Trustees, Responsibilities Ststement Set out on page the, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees deternine necessary to enable the preparation of financlal statements that are free from material misstalement, whether due to fraud or error. In preparing the financial statements. the trustees are fesponsible for assessing the charity's ability to continue as a going conceffl. disclosing. as applicable. matters related to going concern and using the going concern basis of acunting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic altematÈve but to do so. Our responsibilities for the audit of the financial statements We have been appointed as auditor under section 145 ofthe Charities Ad 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material misstatement. whether due fraud or error. and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstatement when it exists. Misstatements can afise from fraud or error and are nSidered material if, individually or in th8 aggregate. they could reasonably be expected to influence the economic derxsions of Ltsers taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-cornpliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements, including fraud. Extent to which the audit was considered capable of detecling irregularities, including fraud Because of the inherent limitations of an audit, there is a risk that we vrill nol delect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the evenls and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than effor, as fraud involves inlents'onal cOnalment, forgery. collusion, omission or misrepresentation. We identify and assess the risks of material misstatement of the financi81 statements, whether due to fraud or error, and then design and perform audit procedures responsive to these risks, induding obtaining audit evidence that is sufficient and appropriate lo provide a basis for our opinion. Identing and assessing potgntial risks lated to iff8gulaiitl8S In identifying and assessing risks of material misstatement in respect of irregulanties, including fraud and non-compliance with laws and regulats"ons, we considered the following: the nature of the charity. control environment and business performance: the resLsIt5 of our enquiries of management about their own identification and assessments of the risks of irregularitie5', any matters we identtfied having obtsined and reviewed the charivs policies and procedures relating to.. identifying, evaluating and comptying with laws and reguiats'ons and whether they were aware ofany InStanS of non-compliance.. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud-. the matters discussed among the audit engagement team regarding how and where fraud might occur in the finanal statements and any polenti81 indicators of fraud.
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY In common with all audits under ISAS {UK} we are also required to perforn specific procedures to respond to the rtsk of management override. We also obtained an understanding of the legal and regulatory framework that the charity operates in, focussing on provisions of those laws and regulations that had a direct effect on the detemiinab'on of aterial amounts and disclosures in the financial staternents, such as the Charities Act 2011. In addition, we considered the provisions of other laws and regulations that do not have a direct 8ff8Ct on the financial statements but compliance with which may be fundamental lo the charity's ability to operate or to avoid a material penalty- Audrf response lo risk id8ntifiod Our procedures to respond to risks identified included the following= Reviewing the financial statement disclosures to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements., Perforniing analytical procedures lo identify any unusual or unexpected relationships that may indicate material misstatement due lo fraud-, In addressing the risk of fraud through management override of conlrols, the testing of the appropriateness of journal entries and other adjustsnents and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated 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 responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al www.frc.org.ukJauditorsresponsibilities. This description foms part of our Report of the Auditors. Use of our report This report is made solely to the charity's trustees, as a body. in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to stat8 to them in a Report of the Auditors and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume responsibility to anyone other than the chafity and the charity's trustees as a body, for our audil work, for this report, or for the opinions we have fomed. Miller& Co Statutory Auditor, Chartered Accountants 5 Imperial Court, Laporte Way Luton LU4 8FE 25 October 2024 Mi118r & Co is elble lo act as an auditor in terms of section 1212 ofthe Companies Acl 2006.
LUTON SHOPMOBILITY STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 Unrestricted Funds Restricted Funds 2024 Total 2023 Total Notes Income Donations Charitable activities Sale of goods Other income Interest Profit on sale of fixed assets 42,872 1.950 62 42.872 1,950 62 38,584 1,481 41 40 40 20 149 149 149 Total income 45,073 45,073 40,275 Expenditure Cost of goods sold Office expenses Heat and light Rent and rates Scooterlwheelchair repairs and maintenance General repairs Insurance Volunteer expenses Bank and card charges Auditors. remuneration Depreciation of: Wheelchairs and scooters 25 818 1.574 28,456 25 818 1,574 28.456 15 702 1,380 28,342 401 937 1,579 401 937 1,579 210 74 1.602 495 1,022 1,577 103 86 1,566 210 74 1.602 1.163 1,163 3,420 Total expenditure 36,629 210 36,839 38,708 Net (expenditure)lincome Transfers between funds (210) (450) 8,234 1,567 450 Net movernent in funds Funds at 1 April 2023 8,894 13.210 (660) 4,847 8,234 18,057 1,567 16,490 Funds at 31 March 2024 22,104 4,187 26.291 18,057 All the charity's operations are classed as continuing. Movements on reserves and all recognised gains and losses are shown above.
LUTON SHOPMOBILITY BALANCE SHEET at 31 March 2024 Unrestricted Funds Restricted Funds 2024 Total 2023 Total Notes Fixed assets Tangible assets 10 2,058 2,058 2,772 Current assets Stock Debtors Cash at bank Cash on hand 110 1,218 20,376 20 110 1,218 24,563 20 135 1,220 15,476 20 11 4,187 21,724 4,187 25,911 16,851 Creditors: amounts falling due in one year Creditors 12 1,678 1,678 1,566 Net current assets 20.046 4,187 24,233 15,285 Net assets 22,104 4.187 26,291 18,057 Funds Unrestricted funds 14 22,104 22,104 13,210 Restricted funds 14 4,187 4,187 4,847 Total funds 22,104 4.187 26,291 18,057 The financial statements on pages 7 to 15 were approved by the board of trustees on 24 October 2024 and were signed on its behalf by: R Greening Chair C Warren Vice chair
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 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 Recommended Practi applicable to charities preparing their accounts in accordan 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 Act 2011 and UK Generally Accepted Accounting Practi. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended practi 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 statements are prepared on a going concem basis under the historical cost convention. The presentation currency of the financial statements is the Pound Sterling. rounded to 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 charty in fulfilling its main charitsble 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 10Q/o Straight line 20 % straight line 200/0 Straight line Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Voluntary income is received by way of donations and is induded in full in the Statement of Financial Activities when reIved. Donated services are valued at their estimated 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. Income from charitable activities represents loan fees received from members for their use of scooters and wheelchairs and is recognised when entitlement has occurred.
10 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Grants Grants including grants for the purchase of fixed assets are recognised in the Statement 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 harity without further specified purpose and are available as general funds. Restricted funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for 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 financia statements. Stocks Stocks are stated at the lower of cost and estimated selling price less cost to sell and comprise goods for resale. Debtors and creditors receivablelpayable within one year Debtors and creditors receivable or payable within one year are recorded at transaction pri. Judgements and key assumptions Preparation of the financial statements requires management to make significant judgements in applying the accounting policies of the Charty and estimates and assumptions that have a significant effect on the recognition and measurement of assets, liabilities, income and expenses. As mentioned in the trustee report the trustees had to close Luton Shopmobility in November 2021. However, following a sucSsful re-opening in April 2022, Luton Shopmobility is now open two days per week and the scooter hire charges and financial support from Luton Point, together with keeping expenses under control has led the trustees to conclude that Luton Shopmobility is a going concern. The trustees have had to make various judgements regarding the estimated level of income and expenses 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 these financial statements and have concluded that this is sufficient with the level of reserves and cash balanS for the charity to be able to continue as a going concern.
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Donations 2024 2023 General donations Donations by users Donated services - The Mall Luton (rent free Offi and parking spa) 14,688 10,329 255 28,000 28,000 42,872 38,584 Income from donations was £42,872 of which £nil (2023: £nil) was attributable to restricted and £42,872 (2023: £38,584) was attrtbutable to unrestricted funds. 3. Charitable activities 2024 2023 Wheelchair and scooter hire fees 1,950 1,481 1,950 1,481 Income from charitable activities was all (2023: sarne) attributable to unrestricted funds. Other income Income from sale of goods. sundry income. interest and profit on sale of fixed assets totalling £251 (2023: £210) were all attributable to unrestricted funds. 5. Staff costs There were no employees employed by the charity during the year (2023: same).
12 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 6. Auditors remuneration 2024 2023 For audit services For other services 1,194 408 1,170 396 1,602 1,566 7. Trustees. and key management personnel remuneration and expenses The trustees neither received nor waived any remuneration during the year (2023: same). The trustees did not have any expenses reimbursed during the year (2023: same). 8. Related party transactions Donations received without conditions from trustees, totalled £45 during the year (2023: £5,180). Expenditure - 2023 comparative Unrestricted Fund Restricted Fund 2022 Total Cost of goods sold Office expenses Heating and light Rent and rates Scooterlwheelchair repairs and maintenan General repairs and renewals Insurance Volunteer expenses Bank charges Auditors, rernuneration Depreciation of wheelchairs and scooters 15 702 1,380 28,342 495 1022 1,577 15 702 1,380 28,342 495 1,022 1,577 103 86 1.566 3,420 103 86 1,566 3,420 Total expenditure 38,605 103 38,708
13 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 10. Tangible fixed assets Fixtures & Fittings Premises Improvement Wheelchairs & Scooters Total Cost 1 April 2023 Additions Disposals 31 March 2024 12,303 84,748 31,861 450 1,114 31,197 128,912 450 1,114 128,248 12,303 84.748 Depreciation 1 April 2023 Charge for year Eliminated on disposal 31 March 2024 12,303 84,748 29,089 1,163 1,113 29,139 126,140 1,163 1,113 126.190 12,303 84.748 Net book value 31 March 2024 2,058 2,058 31 March 2023 2,772 2.772 The office premises used by the charity are not owned by the charity and are occupied rent free. 11. Debtors 2024 2023 Other debtors Prepayments and accrued income 47 1,173 1,218 1.218 1,220 12. Creditors 2024 2023 Accruals 1,678 1,566 1,678 1,566
14 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 13. Fund reconciliation Balance at 0110412023 Income Expenses Transfers Balance at 3110312024 Unrestricted funds General funds 13,210 45,073 (36,629) 450 22,104 13,210 45,073 (36,629) 450 22,104 Restricted funds Scooter replacement Volunteer expenses 4.073 774 {450) 3,623 564 {210) 4.847 (210) (450) 4,187 Total funds 18.057 45,073 36,839 26.291 Balance at 0110412022 Income Expenses Transfers Balance at 3110312023 Unrestricted funds General funds 8,740 40,275 (38,605) 2,800 13,210 8,740 40,275 {38,605) 2,800 13,210 Restricted funds Scooter rep1arnent Volunteer expenses 6,873 877 (2,800) 4,073 774 (103) 7.750 (103) (2,800) 4,847 Total funds 16,490 40,275 38,708 18,057
15 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 13. Fund reconciliation (cont'd) Fund Descriptions Unr8Stricted funds These are funds that the trustees are free to use in accordance with the charitable objects. Designated funds These are funds set aside to cover the cost of potential future redundancies. Restricted funds Scooter replacement being various grants reiVed for the replacement of scooters and wheelchairs that have reached the end of their useful lrfe. Once the scooters have been purchased the value of the tangible fixed assets is transferred to unrestricted funds as the asset is held for a general and not a restricted purpose. Volunteer expenses - being grants reiVed from London Luton Airport Ltd via BCLF, Green Hall Foundation and the Community Support Fund to cover the cost of volunteers, expenses. 14. Analysis of net assets between funds Unrestricted Restricted Fund Fund 2024 Total Fixed assets Current assets Current liabilities 2,058 21,724 (1,678) 2,058 25,911 (1,678) 4,187 22,104 4,187 26,291 Unrestricted Restricted Fund Fund 2023 Total Fixed assets Current assets Current liabilities 2,772 12.004 (1,566) 2,772 16,851 (1,566) 4.847 13,210 4,847 18,057
LUTON SHOPMOBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 2024 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 2024 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 Luton Point, Centre Management 37 Luton Point Luton, Beds. LU12LJ Trustees: R Greening (Chair) L Meyer (Secretary) C Beck C Mallia (Treasurer) C Warren (Vice chair) E Zurawska (appointed 311112023) 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: 3° Floor, Market Car Park Luton Point, Luton LU12LJ
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2024 The Trustees present their report and the audited financial statements of the charÉty for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practi (SORP) "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 to the accounts and comply with the Charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practi 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 a constitution. The trustees are responsible for the administration of the charity. Trustees are elected or re-elected at Annual General Meetings. The charity's structure is that of a general committee and the trustees meet on a regular basis. The day to day running of the charity is 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 finances of the charity and are satisfied that systems are in place to reduce the exposure to 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 serviTr operates from Level 3 of the Market Car Park at Luton Point 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 32 (2023: 23) new users registered with Luton Shopmobility. The mobility equipment was used 371 (2023: 289) times in the year. Financial Review During the year the charity received unrestricted income from donations of £42,872 (2023.. £38,584) including donaled ServIS of £28,000 (2023: £28,000), wheelchair and scooter hire fees of £1,950 (2023.. £1,481) and all other income of £251 (2023: £210). There were no restricted grants (2023: £nil) received. After expenses of £36,839 (2023: £38,708) there was a net surplus of £8,234 (2023: £1,567) on the total funds. Before transfers. there was a surplus on unrestricted funds of £8,444 and a deficit on restricted funds of £210 in the year. At the year end the charity had cash at bank of £20,376, fixed assets of £2,058 and total accumulated reserves of £26,291. The free reserves at the year-end are £20,046. Reserves are held to help ensure the continuation of services. The level of reserves is monitored and reviewed at regular intepials by the finan committee. The Trustees are thankful for the support given by Luton Point (formerly The Mall Luton) in the year.
LUTON SHOPMOBILITY TRUSTEES ANNUAL REPORT for the year ended 31 March 2024 The attached accounts show the current state of the finances of the charty. sin the temporary closure between 27 November 2021 and 3 April 2022, due the effects of Covid as well as the difficulty experienced in obtaining funding for the service, Luton Shopmobility is now open two days per week run by a dedicated team of trustees and volunteers. The revenue from scooter hires, the generous financial support from Luton Point and the willingness of the volunteers means that in assessing the financial position for a period of at least 12 months from the approval of these financial statements, the trustees have concluded that Luton Shopmobility is a going concern and these accounts have therefore been prepared on this basis. Future Plans The trustees and volunteers are determined and committed to ensuring Luton Shopmobility continues serving the needs of the people of Luton and if conditions and circuMstanS allow will aim to open for a 3rd day in the week. Public Benefit The trustees have complied with their duty to have regard to guidan on public benefit published by the Charity Commission. Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the 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 consistently: observe the melhods and principles in the Chartties 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 conrn basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time 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 of t oard of trustees R Greening Chairman 24 October 2024
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY Opinion We have audited the financial ststements of Luton Shopmobility (the '¢harity') for the year ended 31 March 2024 which comprise the Slatement of Financial Activities. the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financtal statements: give a true and fair view of the state of the chartty's affairs as at 31 March 2024 and of its incoming resources and application of resources for the year then ended. have been properly prepared in ac£ordance with United "ngdoM Generally Accepted Accounting Practice. and have been prepared in accordance wilh the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordanct with Intemational Standards on Auditing (UK) {ISAs {UK}} and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements thal are relevant to our audit of the financial stslements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requiremen15. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditin9 the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively, may cast significant doubt on the charity's ability to cAinlinue as a going concem for a period of at least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wtth respect lo going cx)ncem are described in the relevant secb'ons of this report. Other infomiation The trustees are responsible for the other information. The other information Comprises the infomiation in the Report of the Trus186s but does not include the financial statements and our Report of the Auditors thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assuran conclusion thereon. In cOnntIon with our audil of the financial stalements, our responsibility is to read the other informab'on and, in doing so. consider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed. we conclude that there is a material misststement of this other infomiation. we are required to report that fact. We have nolhing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matter5 where the Charrties (Accounts and Reports) RegL¢lalions 2008 qUireS us to report to you rf. in our opinion.. The infomialion given in the financial statements is inconsistent in any material respect with th8 trustees. feport,. or adequate accounting re(xirds have nol been kept: or
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY the financial statements are not in agreement with the accounting Cords., or we have not received all the infomiation and explan8ts.ons we requi for our audit. Responsibilities of trustoes As explained more fully in the Trustees, Responsibilities Ststement Set out on page the, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees deternine necessary to enable the preparation of financlal statements that are free from material misstalement, whether due to fraud or error. In preparing the financial statements. the trustees are fesponsible for assessing the charity's ability to continue as a going conceffl. disclosing. as applicable. matters related to going concern and using the going concern basis of acunting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic altematÈve but to do so. Our responsibilities for the audit of the financial statements We have been appointed as auditor under section 145 ofthe Charities Ad 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material misstatement. whether due fraud or error. and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstatement when it exists. Misstatements can afise from fraud or error and are nSidered material if, individually or in th8 aggregate. they could reasonably be expected to influence the economic derxsions of Ltsers taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-cornpliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements, including fraud. Extent to which the audit was considered capable of detecling irregularities, including fraud Because of the inherent limitations of an audit, there is a risk that we vrill nol delect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the evenls and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than effor, as fraud involves inlents'onal cOnalment, forgery. collusion, omission or misrepresentation. We identify and assess the risks of material misstatement of the financi81 statements, whether due to fraud or error, and then design and perform audit procedures responsive to these risks, induding obtaining audit evidence that is sufficient and appropriate lo provide a basis for our opinion. Identing and assessing potgntial risks lated to iff8gulaiitl8S In identifying and assessing risks of material misstatement in respect of irregulanties, including fraud and non-compliance with laws and regulats"ons, we considered the following: the nature of the charity. control environment and business performance: the resLsIt5 of our enquiries of management about their own identification and assessments of the risks of irregularitie5', any matters we identtfied having obtsined and reviewed the charivs policies and procedures relating to.. identifying, evaluating and comptying with laws and reguiats'ons and whether they were aware ofany InStanS of non-compliance.. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud-. the matters discussed among the audit engagement team regarding how and where fraud might occur in the finanal statements and any polenti81 indicators of fraud.
LUTON SHOPMOBILITY INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF LUTON SHOPMOBILITY In common with all audits under ISAS {UK} we are also required to perforn specific procedures to respond to the rtsk of management override. We also obtained an understanding of the legal and regulatory framework that the charity operates in, focussing on provisions of those laws and regulations that had a direct effect on the detemiinab'on of aterial amounts and disclosures in the financial staternents, such as the Charities Act 2011. In addition, we considered the provisions of other laws and regulations that do not have a direct 8ff8Ct on the financial statements but compliance with which may be fundamental lo the charity's ability to operate or to avoid a material penalty- Audrf response lo risk id8ntifiod Our procedures to respond to risks identified included the following= Reviewing the financial statement disclosures to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements., Perforniing analytical procedures lo identify any unusual or unexpected relationships that may indicate material misstatement due lo fraud-, In addressing the risk of fraud through management override of conlrols, the testing of the appropriateness of journal entries and other adjustsnents and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated 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 responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al www.frc.org.ukJauditorsresponsibilities. This description foms part of our Report of the Auditors. Use of our report This report is made solely to the charity's trustees, as a body. in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to stat8 to them in a Report of the Auditors and for no other purpose. To the fullest exlent permitted by law. we do not accept or assume responsibility to anyone other than the chafity and the charity's trustees as a body, for our audil work, for this report, or for the opinions we have fomed. Miller& Co Statutory Auditor, Chartered Accountants 5 Imperial Court, Laporte Way Luton LU4 8FE 25 October 2024 Mi118r & Co is elble lo act as an auditor in terms of section 1212 ofthe Companies Acl 2006.
LUTON SHOPMOBILITY STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 Unrestricted Funds Restricted Funds 2024 Total 2023 Total Notes Income Donations Charitable activities Sale of goods Other income Interest Profit on sale of fixed assets 42,872 1.950 62 42.872 1,950 62 38,584 1,481 41 40 40 20 149 149 149 Total income 45,073 45,073 40,275 Expenditure Cost of goods sold Office expenses Heat and light Rent and rates Scooterlwheelchair repairs and maintenance General repairs Insurance Volunteer expenses Bank and card charges Auditors. remuneration Depreciation of: Wheelchairs and scooters 25 818 1.574 28,456 25 818 1,574 28.456 15 702 1,380 28,342 401 937 1,579 401 937 1,579 210 74 1.602 495 1,022 1,577 103 86 1,566 210 74 1.602 1.163 1,163 3,420 Total expenditure 36,629 210 36,839 38,708 Net (expenditure)lincome Transfers between funds (210) (450) 8,234 1,567 450 Net movernent in funds Funds at 1 April 2023 8,894 13.210 (660) 4,847 8,234 18,057 1,567 16,490 Funds at 31 March 2024 22,104 4,187 26.291 18,057 All the charity's operations are classed as continuing. Movements on reserves and all recognised gains and losses are shown above.
LUTON SHOPMOBILITY BALANCE SHEET at 31 March 2024 Unrestricted Funds Restricted Funds 2024 Total 2023 Total Notes Fixed assets Tangible assets 10 2,058 2,058 2,772 Current assets Stock Debtors Cash at bank Cash on hand 110 1,218 20,376 20 110 1,218 24,563 20 135 1,220 15,476 20 11 4,187 21,724 4,187 25,911 16,851 Creditors: amounts falling due in one year Creditors 12 1,678 1,678 1,566 Net current assets 20.046 4,187 24,233 15,285 Net assets 22,104 4.187 26,291 18,057 Funds Unrestricted funds 14 22,104 22,104 13,210 Restricted funds 14 4,187 4,187 4,847 Total funds 22,104 4.187 26,291 18,057 The financial statements on pages 7 to 15 were approved by the board of trustees on 24 October 2024 and were signed on its behalf by: R Greening Chair C Warren Vice chair
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 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 Recommended Practi applicable to charities preparing their accounts in accordan 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 Act 2011 and UK Generally Accepted Accounting Practi. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended practi 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 statements are prepared on a going concem basis under the historical cost convention. The presentation currency of the financial statements is the Pound Sterling. rounded to 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 charty in fulfilling its main charitsble 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 10Q/o Straight line 20 % straight line 200/0 Straight line Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Voluntary income is received by way of donations and is induded in full in the Statement of Financial Activities when reIved. Donated services are valued at their estimated 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. Income from charitable activities represents loan fees received from members for their use of scooters and wheelchairs and is recognised when entitlement has occurred.
10 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Grants Grants including grants for the purchase of fixed assets are recognised in the Statement 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 harity without further specified purpose and are available as general funds. Restricted funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for 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 financia statements. Stocks Stocks are stated at the lower of cost and estimated selling price less cost to sell and comprise goods for resale. Debtors and creditors receivablelpayable within one year Debtors and creditors receivable or payable within one year are recorded at transaction pri. Judgements and key assumptions Preparation of the financial statements requires management to make significant judgements in applying the accounting policies of the Charty and estimates and assumptions that have a significant effect on the recognition and measurement of assets, liabilities, income and expenses. As mentioned in the trustee report the trustees had to close Luton Shopmobility in November 2021. However, following a sucSsful re-opening in April 2022, Luton Shopmobility is now open two days per week and the scooter hire charges and financial support from Luton Point, together with keeping expenses under control has led the trustees to conclude that Luton Shopmobility is a going concern. The trustees have had to make various judgements regarding the estimated level of income and expenses 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 these financial statements and have concluded that this is sufficient with the level of reserves and cash balanS for the charity to be able to continue as a going concern.
LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Donations 2024 2023 General donations Donations by users Donated services - The Mall Luton (rent free Offi and parking spa) 14,688 10,329 255 28,000 28,000 42,872 38,584 Income from donations was £42,872 of which £nil (2023: £nil) was attributable to restricted and £42,872 (2023: £38,584) was attrtbutable to unrestricted funds. 3. Charitable activities 2024 2023 Wheelchair and scooter hire fees 1,950 1,481 1,950 1,481 Income from charitable activities was all (2023: sarne) attributable to unrestricted funds. Other income Income from sale of goods. sundry income. interest and profit on sale of fixed assets totalling £251 (2023: £210) were all attributable to unrestricted funds. 5. Staff costs There were no employees employed by the charity during the year (2023: same).
12 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 6. Auditors remuneration 2024 2023 For audit services For other services 1,194 408 1,170 396 1,602 1,566 7. Trustees. and key management personnel remuneration and expenses The trustees neither received nor waived any remuneration during the year (2023: same). The trustees did not have any expenses reimbursed during the year (2023: same). 8. Related party transactions Donations received without conditions from trustees, totalled £45 during the year (2023: £5,180). Expenditure - 2023 comparative Unrestricted Fund Restricted Fund 2022 Total Cost of goods sold Office expenses Heating and light Rent and rates Scooterlwheelchair repairs and maintenan General repairs and renewals Insurance Volunteer expenses Bank charges Auditors, rernuneration Depreciation of wheelchairs and scooters 15 702 1,380 28,342 495 1022 1,577 15 702 1,380 28,342 495 1,022 1,577 103 86 1.566 3,420 103 86 1,566 3,420 Total expenditure 38,605 103 38,708
13 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 10. Tangible fixed assets Fixtures & Fittings Premises Improvement Wheelchairs & Scooters Total Cost 1 April 2023 Additions Disposals 31 March 2024 12,303 84,748 31,861 450 1,114 31,197 128,912 450 1,114 128,248 12,303 84.748 Depreciation 1 April 2023 Charge for year Eliminated on disposal 31 March 2024 12,303 84,748 29,089 1,163 1,113 29,139 126,140 1,163 1,113 126.190 12,303 84.748 Net book value 31 March 2024 2,058 2,058 31 March 2023 2,772 2.772 The office premises used by the charity are not owned by the charity and are occupied rent free. 11. Debtors 2024 2023 Other debtors Prepayments and accrued income 47 1,173 1,218 1.218 1,220 12. Creditors 2024 2023 Accruals 1,678 1,566 1,678 1,566
14 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 13. Fund reconciliation Balance at 0110412023 Income Expenses Transfers Balance at 3110312024 Unrestricted funds General funds 13,210 45,073 (36,629) 450 22,104 13,210 45,073 (36,629) 450 22,104 Restricted funds Scooter replacement Volunteer expenses 4.073 774 {450) 3,623 564 {210) 4.847 (210) (450) 4,187 Total funds 18.057 45,073 36,839 26.291 Balance at 0110412022 Income Expenses Transfers Balance at 3110312023 Unrestricted funds General funds 8,740 40,275 (38,605) 2,800 13,210 8,740 40,275 {38,605) 2,800 13,210 Restricted funds Scooter rep1arnent Volunteer expenses 6,873 877 (2,800) 4,073 774 (103) 7.750 (103) (2,800) 4,847 Total funds 16,490 40,275 38,708 18,057
15 LUTON SHOPMOBILITY NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 13. Fund reconciliation (cont'd) Fund Descriptions Unr8Stricted funds These are funds that the trustees are free to use in accordance with the charitable objects. Designated funds These are funds set aside to cover the cost of potential future redundancies. Restricted funds Scooter replacement being various grants reiVed for the replacement of scooters and wheelchairs that have reached the end of their useful lrfe. Once the scooters have been purchased the value of the tangible fixed assets is transferred to unrestricted funds as the asset is held for a general and not a restricted purpose. Volunteer expenses - being grants reiVed from London Luton Airport Ltd via BCLF, Green Hall Foundation and the Community Support Fund to cover the cost of volunteers, expenses. 14. Analysis of net assets between funds Unrestricted Restricted Fund Fund 2024 Total Fixed assets Current assets Current liabilities 2,058 21,724 (1,678) 2,058 25,911 (1,678) 4,187 22,104 4,187 26,291 Unrestricted Restricted Fund Fund 2023 Total Fixed assets Current assets Current liabilities 2,772 12.004 (1,566) 2,772 16,851 (1,566) 4.847 13,210 4,847 18,057