REGISTERED COMPANY NUMBER: 03453926 (England and Wales) REGISTERED CHARITY NUMBER: 1065677
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31st March 2024
for
Shopmobility Basingstoke (A company limited by guarantee)
Wheeler & Co Ltd Chartered Accountants The Shrubbery 14 Church Street Whitchurch Hampshire RG28 7AB
Shopmobility Basingstoke (A company limited by guarantee)
Contents of the Financial Statements for the Year Ended 31st March 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Shopmobility Basingstoke
(A company limited by guarantee)
Reference and Administrative Details for the Year Ended 31st March 2024
| TRUSTEES | Mr T Gilvear | Chairman |
|---|---|---|
| Ms E Walton | Vice Chair/Treasurer | |
| Mr C Connor | ||
| Mr K Hall | ||
| Ms J Kelly | ||
| President | ||
| Mr C Evans | ||
| REGISTERED OFFICE | Church Street | |
| Basingstoke | ||
| Hampshire | ||
| RG21 7QQ | ||
| REGISTERED COMPANY | 03453926 (England and Wales) | |
| NUMBER | ||
| REGISTERED CHARITY | 1065677 | |
| NUMBER | ||
| INDEPENDENT EXAMINER | Wheeler & Co Ltd | |
| Chartered Accountants | ||
| The Shrubbery | ||
| 14 Church Street | ||
| Whitchurch | ||
| Hampshire | ||
| RG28 7AB |
Page 1
Shopmobility Basingstoke (A company limited by guarantee)
Report of the Trustees for the Year Ended 31st March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the charity are:
-
To provide those residents of and visitors to Basingstoke and Deane with impaired mobility, greater freedom and independence by the provision of both powered and manual wheelchairs together with powered scooters, and walking aids
-
To develop and maintain partnerships with local statutory and public sector organisations together with community groups in order to:
-develop an awareness and understanding of Shopmobility and the service it provides
-
improve access within the town centre, its facilities and surrounding areas
-
develop and maintain business partners to provide specific business support e.g. HR, legal, accountancy
The trustees consider that these objectives comply with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission.
Significant activities
The activities that contribute to the Charity's aims are the hiring of mobility equipment from its premises in Church Street.
Public benefit
The following figures demonstrate the public benefit for the year 2023-24
-
Number of customers during the year: 1410 (2023 - 1013)
-
Number of hires for town centre use: 3618 (2023 - 4013)
-
Number of days hired for other needs: 2712 (2023 - 3271)
Covid - 19
Covid-19, and its later variants appear to be having less of an impact on our business with users returning to Town.
Our figures do show an increase in use compared with the previous Covid years, this being a welcome sign. Travel Scooter hire is still very popular, standard scooter hire increased significantly, but not yet to pre-Covid levels, the signs are however proving positive.
Role and Contribution of Volunteers
The Charity makes significant use of volunteers in its activities with a substantial donation of time and effort from 23 regular volunteers (not counting those volunteers who are purely event volunteers). These volunteers donate an average of 4 hrs per week to Shopmobility Basingstoke.
Shopmobility Basingstoke was delighted to announce during this financial year we received The Queens Award for Voluntary Services (equivalent to an MBE). This was in recognition to the 25 years of service given by the Volunteers over this period of time, which included 3 volunteers having been with us during that whole period.
The charity incurs minimal costs in the form of travelling expenses for some volunteers.
Page 2
Shopmobility Basingstoke (A company limited by guarantee)
Report of the Trustees for the Year Ended 31st March 2024
OBJECTIVES AND ACTIVITIES
Charitable activities
All of our activities are undertaken to further our charitable purposes, as set out in our charitable aims and objectives. These aims and objectives are all designed for public benefit and can be found in the Business Plan.
Key Activities
The key activity of the Charity is the hire of mobility scooters together with powered, and manual wheelchairs, and a selection of walking aids. The service is available to all regardless of age and reason for use. Some customers will have a long term disability while others will only require the services for a short time e.g. waiting for/recovering from surgery, accident or sports injury.
The primary service is the hire of equipment for use is the town centre. A secondary service has been developed to provide equipment for long term hire, e.g. holidays/days out, attending appointments, or use at home. The Centre provides a focal point for both residents of Basingstoke & Deane, and visitors to the town who frequently visit to enquire of facilities within the town including shopping, leisure and historical attractions.
Shopmobility Basingstoke is designated by Hampshire County Council as a 'Safe Place' where anyone in the town centre area having concerns for their safety, or distressed about any matter, can come in to our Centre and rest, enjoying maybe a cup of tea or coffee until they feel comfortable enough to go out into the town centre again, or make arrangements to return home in safety. We also have regular users with health issues who come in to our Centre just to enjoy the company of our Team, where they are always welcome.
The business has formed a relationship with a Mobility Shop who supply all forms of disability aids to which we receive commission on sales. In addition to this, we supply mobility equipment to hotels when asked for by their guests visiting the area, a number from overseas. Our business was asked to supply equipment to an international motor show outside of our area, again spreading our recognition further afield.
Page 3
Shopmobility Basingstoke (A company limited by guarantee)
Report of the Trustees for the Year Ended 31st March 2024
FINANCIAL REVIEW
Financial position
The business still continues to be affected by rising prices after the Covid Pandemic, increased utility costs, and the National Living Wage increases. Insurance costs continue to escalate but, as a result of a legacy left to Shopmobility by a former volunteer, have led to a surplus of Income over Expenditure of £11,216 (2023 - deficit £2,882). Our Team continues to raise much needed funds through our fund-raising initiatives including Wrapping Christmas Gifts, in-house - Raffles, and attending Festivals with our Mobility Scooter Fleet to hire out to visitors.
The change of suppliers for our Cloud based telephone/broadband system has proved very successful reducing our outgoing costs by approximately 50%. Further savings are anticipated throughout the coming year with a new customer booking system. An increase in our client registration fees were agreed for implementation in the new financial year in an effort to fight rising costs.
The Executive Committee (Trustees) of Shopmobility Basingstoke continue to have confidence in the business plan for the growth of the business over the forthcoming years.
With the recognised increase in the UK of persons with mobility issues, and rising ages by living longer, our customer base has increased, and our fleet profile is changing to reflect the differing needs being recognised. The range within our fleet has adapted to these changes with alternative equipment being available to meet with user requirements, and we continue to sell donated equipment to the benefit of those on low income who are unable to obtain mobility aides from the NHS divisions.
The Basingstoke & Deane area also has a large number of people whose day-to-day activities are restricted by either short or long-term health problems, and with a growing population Shopmobility Basingstoke records show we are able to meet with these needs for the foreseeable future. Our services are reaching these people through positive advertising at local medical centres, sections within the local hospitals, and all aspects of the media within our budgets. National suppliers of medical aides are reducing their cover in North Hampshire, Shopmobility meets, and covers many of the needs of those short term post-operative mobility issues. The Centre is often met with referrals from local hospitals, and Doctor Surgeries. Shopmobility advertises in 'free issue' magazine distributed in Medical Centres.
National fund raising, for all larger well-known charities is widely encouraged by on-screen advertising, local charities are unable to afford typical charges. Shopmobility Basingstoke continues to raise its profile and much needed funds through a number of local events, and initiatives, and proving not only a financial success, but also 'spreading the word' of our facilities back at our Centre. A fixed source of revenue is required to offset regular known costs, i.e. wages, utility charges, etc. Grants received from Basingstoke & Deane Borough Council continue to pay a vital part in our budgeting, thereby allowing the operation to offer a subsidised 'rental rate' for the mobility equipment offered. This subsidised rate allows those on low income, restricted funds, or benefits to afford to come on to the Town, this of course after having paid either Community Transport, Bus, Taxi, or Train to reach to Town Centre, giving the user more 'disposable income' to spend in the shops. Fund raising allows continuance of really affordable, and fair hire charges, regardless of the period of hire throughout the day.
Additional fund raising is important, and continues to be successful with 'penny' (loose change) collecting boxes taken home by users to put in their spare change. Christmas Gift Wrapping is carried out in 'The Malls' Shopping Centre. We also continue to hire a charity shop in a nearby village for two weeks of the year - usually end of May/early June to raise funds by selling donated clothing, bric-a-brac etc. All of these events have proved financially beneficial in generating additional funds within our funding raising budget.
Continued support from Basingstoke & Deane Borough Council has been vital and much welcomed during this particular year's important part of Shopmobility Basingstoke's life. Local Government meetings have provided much needed information on Grant availability to support our financial status. We continue to provide a low carbon, low energy, and fume free facility to anyone with mobility needs, be it either long or short term.
We continue to feel confident of this business offering a much-needed facility for the foreseeable future with the continued support of Grant Funding from Basingstoke & Deane Borough Council, and local businesses.
Page 4
Shopmobility Basingstoke (A company limited by guarantee)
Report of the Trustees for the Year Ended 31st March 2024
FINANCIAL REVIEW
Reserves policy
A key element in the management of financial risk is the setting and implementation of a reserves policy that is reviewed annually by the board of trustees. The trustees have decided to maintain a minimum level of reserves equal to six months expenses to ensure that any financial risk is minimised.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985.
Recruitment and appointment of new trustees
As set out in the Articles of Association, Trustees, (also known as Directors) are elected by the members at the AGM. One third of the trustees who are subject to retirement by rotation or, if their number is not three or a multiple of three, the number nearest to one third shall retire. Trustees are recruited from members of good standing within the community. They must be nominated by an existing trustee and due regard is paid to their skills and the skills analysis of the existing board. The Board of Trustees has the power to co-opt members to fill specialist roles.
Organisational structure
The charitable company is governed by the trustees with day-to-day management delegated to the Centre Manager and her staff. All trustees join sub-groups to work on specific areas of the business (finance and fundraising, planning & governance, building and facilities management, vehicles & On Tour). Each working group has its own Terms of Reference and report to the board of trustees. Strategic decisions are taken by the Board.
Induction and training of new trustees
All trustees undergo an initial induction and training followed by an ongoing training programme to help ensure that they understand their legal obligations under charity and company law, the contents of the governing document, the committee and decision making process, the business plan and recent financial performance of the organisation and in the practicalities of running Shopmobility Basingstoke.
Wider network
The charity is a member of the National Federation of Shopmobility (NFSUK). This was taken over by the British Healthcare Trading Association (BHTA) in November 2014. In 2020 the NFSUK separated from the BTHA to again become a stand-alone organisation. Shopmobility Basingstoke won the national Tom Hillier award in 2016. Shopmobility Basingstoke is now part of a much larger organisation being bound by a greater Code of Practice. However, it is operationally independent and relies on its own resources. The charity is also part of a local network of schemes, 'The Wessex Group'. This group of 11 schemes have agreed a minimum standard of customer registration, terms and conditions and customer training to raise the standard of customer care and encourage Shopmobility customers to be active.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. For example a conflict of interest policy is in place which includes a register of interests for each trustee.
A comprehensive risk assessment of the business has been conducted, being updated annually. Any findings or recommendations are reported to the Board for discussion before being approved by the Board. In addition, a new robust Business Plan has been written covering 2021-2026 and recently updated.
Covid -19 Risk
The pandemic continued to have an impact on our business throughout this financial year however we do note an increase in visitors to both the Town Centre, and surrounding area. Holiday hires continue to increase with users taking scooters away for welcome breaks. We are seeing a slight upturn in new and re-registrations and bookings. Clearly the Covid Pandemic still has an effect on a number of aspects with regards to Town Centre shopping.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 5
Shopmobility Basingstoke (A company limited by guarantee)
Report of the Trustees for the Year Ended 31st March 2024
........................................................................ T Gilvear - Trustee
Page 6
Independent Examiner's Report to the Trustees of Shopmobility Basingstoke (A company limited by guarantee)
Independent examiner's report to the trustees of Shopmobility Basingstoke (A company limited by guarantee) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kevin Wheeler FCA
Wheeler & Co Ltd Chartered Accountants The Shrubbery 14 Church Street Whitchurch Hampshire RG28 7AB
Date: .............................................
Page 7
Shopmobility Basingstoke
(A company limited by guarantee)
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 35,243 Charitable activities 5 Sales and charges 38,240 Registration fees 4,582 Other trading activities 3 6,372 Investment income 4 682 Total 85,119 EXPENDITURE ON Raising funds 853 Charitable activities Sales and charges 189 Other 86,309 Total 87,351 NET INCOME/(EXPENDITURE) (2,232) Transfers between funds 14 (6,200) Net movement in funds (8,432) RECONCILIATION OF FUNDS Total funds brought forward 72,395 TOTAL FUNDS CARRIED FORWARD 63,963 |
Restricted funds £ 23,300 - - - - 23,300 - 9,440 412 9,852 13,448 6,200 19,648 6,871 26,519 |
31.3.24 Total funds £ 58,543 38,240 4,582 6,372 682 108,419 853 9,629 86,721 97,203 11,216 - 11,216 79,266 90,482 |
31.3.23 Total funds £ 37,927 35,848 4,519 5,824 223 84,341 1,139 8,950 77,134 87,223 (2,882) - (2,882) 82,148 79,266 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
Shopmobility Basingstoke
(A company limited by guarantee)
Balance Sheet
31st March 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 7,749 CURRENT ASSETS Debtors 11 1,833 Cash at bank and in hand 73,609 75,442 CREDITORS Amounts falling due within one year 12 (4,428) NET CURRENT ASSETS 71,014 TOTAL ASSETS LESS CURRENT LIABILITIES 78,763 CREDITORS Amounts falling due after more than one year 13 (14,800) NET ASSETS 63,963 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 9,733 - 16,786 16,786 - 16,786 26,519 - 26,519 |
31.3.24 Total funds £ 17,482 1,833 90,395 92,228 (4,428) 87,800 105,282 (14,800) 90,482 63,963 26,519 90,482 |
31.3.23 Total funds £ 13,117 - 86,077 86,077 (3,728) 82,349 95,466 (16,200) 79,266 72,395 6,871 79,266 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 9
Shopmobility Basingstoke
(A company limited by guarantee)
Balance Sheet - continued 31st March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. T Gilvear - Trustee
The notes form part of these financial statements
Page 10
Shopmobility Basingstoke
(A company limited by guarantee)
Notes to the Financial Statements for the Year Ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
All costs are allocated to general funds except where they can be directly allocated against restricted fund income.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Mobility Scooters - 12.5% Fixtures and fittings - 25%
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Donated services
The charity relies to a great extent on the use of volunteers. The economic benefit of these donated services is not included in these accounts.
continued...
Page 11
Shopmobility Basingstoke (A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Donations | 3,289 | 2,289 | ||
| Gift aid | 296 | 299 | ||
| Legacies | 19,817 | - | ||
| Grants | 32,166 | 32,276 | ||
| Donated vehicle sales | 2,975 | 3,063 | ||
| 58,543 | 37,927 | |||
| Grants received, included in the above, are as follows: | ||||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Basingstoke & Deane District | Council | 22,950 | 22,950 | |
| Basingstoke & Deane District | Council - rates waiver | 9,216 | 8,576 | |
| Other grants | - | 750 | ||
| 32,166 | 32,276 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Fundraising events | 4,530 | 4,006 | ||
| Social lotteries | 1,842 | 1,818 | ||
| 6,372 | 5,824 | |||
| 4. | INVESTMENT INCOME | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Deposit account interest | 682 | 223 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 31.3.24 | 31.3.23 | |||
| Activity | £ | £ | ||
| Sales and charges | Sales and charges | 38,183 | 35,481 | |
| Mortons sales | Sales and charges | 57 | 367 | |
| Registration fees | Registration fees | 4,582 | 4,519 | |
| 42,822 | 40,367 |
continued...
Page 12
Shopmobility Basingstoke (A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 5,755 | 4,574 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
8. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Wages and salaries | 50,420 | 46,448 |
| Other pension costs | 1,456 | 1,904 |
| 51,876 | 48,352 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.3.24 | 31.3.23 | |
| Administration and support | 2 | 2 |
No employees received emoluments in excess of £60,000.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 37,444 483 Charitable activities Sales and charges 35,848 - Registration fees 4,519 - Other trading activities 5,824 - Investment income 223 - Total 83,858 483 EXPENDITURE ON Raising funds 1,139 - Charitable activities Sales and charges 40 8,910 |
Total funds £ 37,927 35,848 4,519 5,824 223 |
|---|---|
| 84,341 | |
| 1,139 8,950 |
continued...
Page 13
Shopmobility Basingstoke (A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| Other | 77,134 | - | 77,134 | ||
| Total | 78,313 | 8,910 | 87,223 | ||
| NET INCOME/(EXPENDITURE) | 5,545 | (8,427) | (2,882) | ||
| Transfers between funds | (3,430) | 3,430 | - | ||
| Net movement in funds | 2,115 | (4,997) | (2,882) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 70,280 | 11,868 | 82,148 | ||
| TOTAL FUNDS CARRIED FORWARD | 72,395 | 6,871 | 79,266 | ||
| 10. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| and | Motor | ||||
| fittings | vehicles | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1st April 2023 | 44,949 | 53,475 | 98,424 | ||
| Additions | 5,398 | 4,719 | 10,117 | ||
| Disposals | (112) | (5,765) | (5,877) | ||
| At 31st March 2024 | 50,235 | 52,429 | 102,664 | ||
| DEPRECIATION | |||||
| At 1st April 2023 | 38,704 | 46,603 | 85,307 | ||
| Charge for year | 3,897 | 1,858 | 5,755 | ||
| Eliminated on disposal | (115) | (5,765) | (5,880) | ||
| At 31st March 2024 | 42,486 | 42,696 | 85,182 | ||
| NET BOOK VALUE | |||||
| At 31st March 2024 | 7,749 | 9,733 | 17,482 | ||
| At 31st March 2023 | 6,245 | 6,872 | 13,117 |
continued...
Page 14
Shopmobility Basingstoke
(A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Prepayments and accrued income | 1,833 | - | |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Social security and other taxes | 966 | 1,073 | |
| Other creditors | 2,982 | 2,235 | |
| Accrued expenses | 480 | 420 | |
| 4,428 | 3,728 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Other creditors | 14,800 | 16,200 |
Creditors due in more than one year represent the amount payable in respect of future payments to fund a pension deficit for a former employee at £1,400 per annum.
14. MOVEMENT IN FUNDS
| At 1.4.23 £ Unrestricted funds General fund 72,395 Restricted funds Vehicle funds 6,871 Legacy fund - 6,871 TOTAL FUNDS 79,266 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Vehicle funds Legacy fund TOTAL FUNDS |
Net movement in funds £ (2,232) (5,957) 19,405 13,448 11,216 Incoming resources £ 85,119 3,483 19,817 23,300 108,419 |
Transfers between At funds 31.3.24 £ £ (6,200) 63,963 8,819 9,733 (2,619) 16,786 6,200 26,519 - 90,482 Resources Movement expended in funds £ £ (87,351) (2,232) (9,440) (5,957) (412) 19,405 (9,852) 13,448 (97,203) 11,216 |
Transfers between At funds 31.3.24 £ £ (6,200) 63,963 8,819 9,733 (2,619) 16,786 6,200 26,519 - 90,482 Resources Movement expended in funds £ £ (87,351) (2,232) (9,440) (5,957) (412) 19,405 (9,852) 13,448 (97,203) 11,216 |
|---|---|---|---|
| 13,448 | |||
| 11,216 |
Page 15
continued...
Shopmobility Basingstoke (A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 70,280 | 5,545 | (3,430) | 72,395 |
| Restricted funds | ||||
| Vehicle funds | 11,868 | (8,427) | 3,430 | 6,871 |
| TOTAL FUNDS | 82,148 | (2,882) | - | 79,266 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 83,858 | (78,313) | 5,545 |
| Restricted funds | |||
| Vehicle funds | 483 | (8,910) | (8,427) |
| TOTAL FUNDS | 84,341 | (87,223) | (2,882) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 70,280 | 3,313 | (9,630) | 63,963 |
| Restricted funds | ||||
| Vehicle funds | 11,868 | (14,384) | 12,249 | 9,733 |
| Legacy fund | - | 19,405 | (2,619) | 16,786 |
| 11,868 | 5,021 | 9,630 | 26,519 | |
| TOTAL FUNDS | 82,148 | 8,334 | - | 90,482 |
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continued...
Shopmobility Basingstoke (A company limited by guarantee)
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Vehicle funds Legacy fund TOTAL FUNDS |
Incoming resources £ 168,977 3,966 19,817 23,783 192,760 |
Resources Movement expended in funds £ £ (165,664) 3,313 (18,350) (14,384) (412) 19,405 (18,762) 5,021 (184,426) 8,334 |
|---|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2024.
Page 17
Shopmobility Basingstoke
(A company limited by guarantee)
Detailed Statement of Financial Activities for the Year Ended 31st March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,289 | 2,289 |
| Gift aid | 296 | 299 |
| Legacies | 19,817 | - |
| Grants | 32,166 | 32,276 |
| Donated vehicle sales | 2,975 | 3,063 |
| 58,543 | 37,927 | |
| Other trading activities | ||
| Fundraising events | 4,530 | 4,006 |
| Social lotteries | 1,842 | 1,818 |
| 6,372 | 5,824 | |
| Investment income | ||
| Deposit account interest | 682 | 223 |
| Charitable activities | ||
| Registration fees | 4,582 | 4,519 |
| Sales and charges | 38,183 | 35,481 |
| Mortons sales | 57 | 367 |
| 42,822 | 40,367 | |
| Total incoming resources | 108,419 | 84,341 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fund raising expenses | 88 | 264 |
| 100 Club prizes | 765 | 875 |
| 853 | 1,139 | |
| Charitable activities | ||
| Vehicle maintenance | 7,772 | 6,931 |
| Depreciation - motor vehicles | 1,857 | 2,019 |
| 9,629 | 8,950 | |
| Support costs | ||
| Management | ||
| Wages | 50,420 | 46,448 |
| Pensions | 1,456 | 1,904 |
| Rates and water | 9,683 | 8,811 |
| Carried forward | 61,559 | 57,163 |
This page does not form part of the statutory financial statements
Page 18
Shopmobility Basingstoke
(A company limited by guarantee)
Detailed Statement of Financial Activities
for the Year Ended 31st March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 61,559 | 57,163 |
| Light and heat | 6,304 | 2,397 |
| Telephone | 2,980 | 2,913 |
| Postage and stationery | 385 | 782 |
| Sundries | 908 | 657 |
| Repairs and maintenance | 1,073 | 956 |
| Domestic expenses | 553 | 365 |
| Computer costs | 3,152 | 4,853 |
| Legal fees | 129 | 98 |
| Window cleaning | 105 | 105 |
| Premises expenses | 2,105 | 1,195 |
| 79,253 | 71,484 | |
| Finance | ||
| Insurance | 2,573 | 2,232 |
| Bank charges | 457 | 382 |
| 3,030 | 2,614 | |
| Other | ||
| Fixtures and fittings | 3,898 | 2,556 |
| Governance costs | ||
| Accountancy and legal fees | 540 | 480 |
| Total resources expended | 97,203 | 87,223 |
| Net income/(expenditure) | 11,216 | (2,882) |
This page does not form part of the statutory financial statements
Page 19