Shopmobility Watford Accounts for the year ended 31° March 2024. "The OBJECTof the Scheme is to relieve persons with disability in Watford (and distrirt) by providingfacilities in particular wheelchoirs and similar equipment with the object of improving their mobility and conditions of life." Constitution of Shopmobility Watford.
The Management Committee presents Its report and accounts for the year ended 31 Marth 2021tr The accounts have been prepared in accord with the accoth policies set out in note I to the accounts and c(xnply with the charit*s gTherning <k)enE applicable law and the requIreMer of the Sratement of Recommended PraCtI.ACcOuntlng and Reportmg by Chaities. issued in October 20LKI. Obiects of the charlty The dwity Yfas established by a charitsble trust deed on 18th January 1993. The CkWiS 0ects are to relieve persons with disability inwatford {and districtl by Providi facilitses in particular {ChaIr,WCha1r, Secretary and TasUrer} all of vthom are elected at the AnNnl General Meetin& It is the policy of the charity that unrestritted funds whith have not been dignated fi)r a specf that reserves at this leyel will ensure tha¢ in the event of a Silfi(JTrt thDp in fundins they wiltr be able to continue the Charis current activitses while consideration is given to Yrdy5 in wluch The Management Committee has assessed the malor risks to whlth the clMrity15 expwed. and will re that systems are in place to mitiDte exposure to the tmior risks. On behalf of the Management Committ John (Chatr) Charity N{017812 Prinapal Address:The Shopmobdiry Ofkq Ground Floor. CitiPart( Church Car Park Wathrd, Herts.WD18 OBU Indewdent Examiner". Zahlr Mohammed
SHOPMOBIUTY WATFORD STATEMENT OF MANAGEMENT COMMITfEFS RESPONSIBILMES Law 4Wi(3ble to dwitse5 in En*fKI and Wales requires the Matyment Committee to prepare during the yw and of its financial postK)n at the &id of the year (unless the charity is entided to In preparing accounts giving a true and fair view.the Management Commite shoukl follow best -select suitable accountlng policies and then apply them consistently; nake judgments and estwnatss that are reasonable and prnden¢ foUowe&sutyecL to any deparWre5 discklsed and explained in the accoun repare the accounts on the going concern basis unless it is irwriate to presume that the aCCmts compty with the applKable law. It is also responsible for safeguarding the assets of the
IOPMOBiufYwATFORD Annual Report forthe year ended 31° Mxth 2024 The Chaiity is administered by a management committee, comprisi Chairnn e Chairman John Hotsfield Rutf Ite Shal Paul Tlx)mp50n Trevor Lillington Dennis Sheridan (retired March 2023) Treasurer IT0fr Hon Sollator Committee Members John Cunnane Kareen Hastrick {re4ned April 2024) Chris Hughes LaUree Payne Glenda Seal BartHrd Shepherd Bradley Francis (apw)inted August 2023) Alan firby (appointed May 2023) Caroline Bagley (appointed February 2023) NiLy Phelan (appointed Juty 2022) The Committee WOU fike to pla on the thanks and appreciatbn for the hard work and commitment of the team of employees and volunteers without whom the charity could not operate. The Charity remains depeFKlent upon the support provided try Watford Bor0 Counal as without the quarterty grants it would not be possib to continue to operate. The Charity 15 also able to operate thanks to the accommodatw)n provided free of de by CttiPark rthout the support of both these Organisans ShopmobTI ty Watford would be unable to provide dISabd people with the freedom to shop bank and lunch in Watford town ntre. The Trustee is truly grateful for this kiNI assistan. Shopmobility is rW able to provmle a full SeThi operating stx days a week Duri the year the Charity reIVed grants totalri £56IX)1 (£58.035 in 223). This income iKluded a lottery grant of £13.540 {£16.076 in 2023). More detsiled inf0mtKin is set out below. Totsl income in the year Was £122.055 {£118.162 in 2023.) Costs in the year vme £103.869 compared to £99370 in the previous year. Totsl reserves at the 1° April 2023 were £82W and after a surplus in the year of £18,186 the total reserve at 31" Mah 2024 are £101.054.
As reported above the Tee is now able to provide a six day per week service to the communty suffering with either temporary or pernianent disabilitie& However the cost of providing a six day service 1$ 57gnificanL The support provided by the knery grant following the closure due to Covid has been extremety helpful and very much appreciated. Further details are set out in note 9 to these accounts. At the date of these accounts a balance amounting to £1761 remains (£7154 in 2023) set aside as a restricted fund to be utilised as set out in the tern of the granL The team is committed in finding extra revenue souros to meet these future costs. The team is very fOcUd in exploring further opportunities to raise grants and financial support particularly with local businesses. We are confident this will maintsin revenue in the coming years. The Chairperson is currently carrying out a review aimed at streamlining the operation. It is expected that on completion this will improve the efficiency of the seThice pn)vided and develop other income stream& We are however fully aware that our providers of grdnts are atso looklng to save ffl0 a1 cut The Tnistee is extremely grateful to Watford Borough Council who have inrfTrted they will continue to provide support throu8h grants (at slightly lower levels) for the next three years 2024125. 2025126 and 202612027. The Trustee Board has produced a cash flow plan for the financial year 2024125 and based on this proiectKin is confident that there will be sufficient reserves to meet all liabilities as they fall due for a period of three months. Jo Chair S¥(rO' Dated ChAI
SHOPMOBILITY WATFORD BALAN SHEEr FOR THE YEAR ENDED 31 MARCH 2024 Notes Tangible assets 19773 11027 ClosirE Stock Cash at Bank Cash in Transit Cash in Hand ppayMents Net Current Assets 10 717 82224 72277 121 1575 84637 175 2192 104410 85671 Current liabilities aThl Accruals 3356 23 Net knets 101054 82868 Income Fund 1761 7154 Unrestricted Funds 99293 75714 101054 82868 The accounts we e approved by the Management Committee &8ned Dated Co b5 ¢KwYLII W-/L Ik(rY
SHOPMOBILITYWATFORD STATEMENTOF FINANaALACTivmES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted 2024 2024 Totsl 2024 Totsi 2023 Notes Income Generated in the Year Donations and Legacies Grants Sales/Fund Raising Events Scooter Sales Commission Bank Interest 58663 54350 13540 56(K)I 58035 5214 3432 923 2043 54 302 13540 122055 118162 42461 5214 923 1254 108515 Charitable Costs and Expenditure Management and Administration Notional Accomodation Costs maintenan of Chairs Depreciation 48382 5393 53775 53612 3K) 39900 3467 2891 99870 5197 98476 5197 5393 103869 13 Net Movement in Funds SIPlUs in Year Transfer bet**en Fund5 IIX139 18933 28972 75714 8147 -L8933 -10786 18186 7154 82868 18186 18292 18292 64576 Fund Balance at i April 2023 Fund Balan at 31 March 2024 -3632 101054 82868
NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1.1 &isis of preparation accounts are prepared under the historic cost convention financial statements have been prepared in aCCordare with the accounti policies set out in notes to the accourrts and comply with the Charivs gOming documenL and to charities Prepari their accounts in accordan with the nanCIal Reporting Stsndard applnble fn the UK and Republic of Ireland publis1d on 16 July 2014 {as amended by Uwlate Bulletin I published on 2 Febnry 2016). 12 Income Resour Income ts accounted for in the per in which it is received 1.3 Charitable Expenditure Expenditure is in accordan with the tharitable objectives and accou(rted for in the peiiod to which it relate 2024 2023 2 Donations and Le8aae5 Donations and gifts Provtsion of accomodation 19663 14450 58663 54350 The Management decided in 2(X)8 that the accounts be amerKled to teflect a commercial value for the accommodation/facilities prOded by Citi Park free of charge. This income is shown as a donatK)n and the cost is reported in the accommodation costs. In the financial year this has been assessed at a value of £391JX) {2023 £399(x)). Unrestricted Restricted Totsi 2024 2024 2024 2023 Grants received for charitable activities Lottery Grant reiVed in the year (rN>te 9) 42461 42461 13540 56(X)I 41959 16076 58035 13540 13540 42461 to write off the cost s$ an estimated residual dIue of each asset over ivs expected useful life as follows- Plant and mathinery Fixtures fittings and equipment 20% reducing balan 25% reducing balan
NOTESTO THE Accourirs FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Totsl 2024 2024 2024 2023 5 Manyment and Administsati Independent Examination Fees Insurance Staff cost EER Nl credit Telephone. Ststionery and Computer General Rates General Maintenance Travel Volunteers Bank Charges Sundries {inc Lottery Licence) 3(X) 2169 49644 -1{35 1123 2252 2169 55037 -10635 1123 2252 5393 45951 1013 1749 728 96 2341 53775 469 96 2341 48382 1512 53612 5393 Total 2024 2024 2024 2023 Number of empknyees in year Full time equiwalent 15 Employment costs Salaries and N.1. Nest Pension Scheme 5393 45586 365 45951 977 49644 977 $5037 5393 Employers are required to provide a contributory pension scheme for all employees earning rn0 than £833 pm.. Employees earning below the threshold have the option to participate in the scheme. As the Chaiity does rKrt operate a pension scheme it may not opt-out. The Management Committee has decided to set up a thme with the The Chaiity will make a monthly contribution of 3% of an employees pay. In order to establish the Scheme it is necessary to back date the entry date to 2019.
NOTESTO THE ACCOUNTS None of the members of the Management Committee (or any person connerted with them) received any remuneration during the year. Scooters Equipment Total At l Apn12023 Additions Disposals At 31 March 2024 14096 2450 92 13943 -2922 103921 11493 -2922 87375 16546 Depreciation At l April 2023 Disposals Charge for the year At 31 March 2024 12473 81873 -2922 5197 84148 -2922 4179 70657 1018 13491 Net Book Value At 31 March 2024 At 31 March 2023 16718 3055 1623 19773 11027 On the 7th November 2022 the Trustee of Shopmobility subm•tted an appfKatM)n to The National Lottery Community Fund for a granL The award covered a two year proprt so that the Charity could rebuild the seNice to the disabled community. The appli(3tion was succethl and set Full Awdrd for 2 yea Balance Spent in Balance year in the year Purthase bariatrK scooters 5907 5907 Salary support following Covid In order to rebuild a 6 day week 1247 13540 13026 1761 7154 18933 1761 unrestricted funds because the purchase has released the reStrIn and the assets are now being shown as ge not retricted Isee page 6)
SHOPMOBILrrYwATFORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 10 Stock £717 DurirEthe year the Charity was contacted by a MobS1ity retailer in the prOsS of closing down and Wdnted to dis[ of surplus equipmenLFollowing a review it was agreed to buy equipment at a cost of £2456. have been offered for sale. to uwatSIK)pmobMty WatfO. As at the year end £1872 remained at cost price. As there ha5 been little movement of these ftems a provision has bn ap*d It is not the Intention to become a retail trader. Stock walue £172 £1.155 £717 Stock at cost 31st March 2024 Less: proVin Net value at 3tst Marth 2024 io
L • In nc•nt Exafftifièr's R•port 1017312 Charities *f 2 26105llW24. 1432
opmobdity Watford Tndepen&* ExaminK 31032024.plf Seplion 8 Dlsciosure rf2 26105t21124, 14:32