Registered Cornpany Number: 03445091 (England and Wales) Registered Charity Number: 1068667 NEATH PORT TALBOT SHOPMOBILITY LIMITED REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2024
NEATH PORT TALBOT SHOPMOBILITY LIMITED Contents of the Financlal Statements For the year ended 31 March 2024 Page Trustees and Administrative details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-17 Detailed Statement of Financial Activities 18
Neath Port Talbot Shopmobility Ltd TRUSTEES AND ADMINisfRATIVE DEfAILS Trustees L Miles C Davies B Edwards C Edwards C M Watkins Chair Registered Company Number 03445091 (England and Wales) Registered Charity Number 1068667 Reglstered Office Uo Bevan Buckland LLP Cardigan House Castle Court Swansea Enterprise park Swansea 5A7 9LA Company Secretary A K Phillips Independent examlner Michael Jones Bevan Buckland LLP Chartered Accountants Cardigan House Castle Court Swansea Enterprise park Swansea SA7 9LA Bankers Barclays Bank PIC Neath Business Centre POBox350 Neath SAII IEW Solicitors Hutchinson Thomas Pendrill Court 119 London Road Neath SAII ILF Operational Addresses Multi- Storey Car Park Prince of Wales Drive Neath SAII 3ES Aberafan Shopping Centre Port Talbot SA13 IPB Correspondence Addre55 C/0 Neath Port Talbot County Borough Council Civic Centre Neath SAII 3QZ Page I
Neath Port Talbot Shopmobility Ltd Report of the Trustees for year ended 31st March 2024 The Trustees who are also director5 of the Charity for the purposes of the Companies Act 2CK)6. present their report with the tinancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charittes preparing their accounts in accordan with the Financlal ReportTng Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019) OBJEcfivES AND ACTIVITIES Objectives and alms The Charity's objectives as set out in the company's memorandum of association are to benefit the public by providing electric scooters. powered wheelchairs and manual wheelchairs to people with mobility problems, whether through permanent or temporary disablement, disability, sickness, age or accident, in order that they may shop and use the facilities available in Neath and Port Talbot Town Centres. We continually review our aims and objectives to ensure that they provide value and continue to be for the benefit of the people that we serve. The charity relie5 on grants, donations, sponsorship and income from charges relating to scooter and wheelchair hire to cover its operating costs. Our policy is to replace scooters on a regular basis. dependent on availability of funding. All our equipment is reviewed on an annual basis in conjunction with the service engineer and the condition of the scooters is considered with regard to repair or replacement in the coming year. The main focus of our activities continues to be that of providing an excellent. consistent service to our registered customers. The strategies employed to assist the charity to meet these objectives include the following: Providing clean and safe scooters and a selection of manual and self-propelled wheelchairs to Shopmobility customers at low cost. Working in conjunction with other mobility equipment hire schemes in order that our customers may receive mobility hire services when they visit other areas of the UK. Working in partnership with local community transport groups in order that our customers get seamless transport service door to door. Working with other voluntary agencies, to ensure that our services receive the widest publicity in order to reach the people that need our assistance. SIGNIFICANT AcfiviTIES Actlvities Neath Port Talbot Shopmobility's services operating in the County during the year are: Port Talbot - operating from a unit in the Aberafan Shopping Centre with 18 scooters and 6 wheelchairs. Neath - operating from the new Neath Multi-storey Car Park with 17 scooters and 6 wheelchairs. An overnight and weekly wheelchair hire service with 5 lightweight wheelchairs. Page 2
Neath Port Talbot Shopmobility Ltd Report of the Trustees for year ended 31st March 2024 Who used and benefitted from our services Neath Port Talbot Shopmobility provides a supportive link in the transport chain within the County enabling people to have independence at thelr destination. thus improving their mobility and quality of Ilfe. Disabled, elderly and other customers with a mobility need benefit from the services by being able to easily access the towns or local areas and in some cases have respite from their caring responsibilities. ACHIEVEMENTS AND PERFORMANCE Fundraislng artfvities Fundlng Part of the costs of the core actlvlty of the Charity are covered by a grant from Neath Port Talbot County Borough Council whlch Is awarded on a three-yearly cycle. This helps with the revenue costs of the two town services and this year we received a revenue grant of £47,OCX). The Dlrectors gratefully acknowledge the contlnulng support from Neath Port Talbot County Borough Council. The remalning costs of running the servlces has to be covered by Income received from hire charges, donation5 and other fundraising income. staff There are 4 part-ttme Project workers who Job share the customer service and a part-tFme Manager who has overall responsiblllty for the running of the Charity. We rely on volunteers to help out and to cover staff absences. Port Talbot scheme Our Port Talbot serrfice, sltuated In the West Mall of the Aberafan Shopplng Centre runs from Tuesday to Saturday, 10 am to 4 pm and is Ideally located wlthin an undercover shopping centre with parking facilltles In the multi-storey car park above. A Ilft operates from the car park to the ground floor, accessible on alternate levels. The shopping centre also ha5 a ramped access to Station Road, whlch enables customers to v151t the other retail shops, and maln town centre facilities. The malorlty of dlsabled and mobility impalred customers are local, but the service Is open to all people who could benefit from the use of the equipment and many come from adjacent counties. We also welcome vlsltors to the area. Thls was the 25th year of operation of thls sen4ice and we continue to take on new members on regular basis. Neath scheme The Neath service operates from a ground ftoor office at the front of the multi-storey car park. This service operates from Monday to Friday from 10 am to 4 pm and is on the outskirts of the town centre shops. Most of the customers are local but a number come from adjacent counties, as well as visitors to the area on holiday. The service in Neath is very different to Port Talbot because it is on the outskirts of the main shopping area and as such is affected by adverse weather conditions. This service also continues to take on new customers on a regular bas1S. Page 3
Neath Port Talbot Shopmobility Ltd Report of the Trustees for year ended 31st March 2024 FINANCIAL REVIEW The volume of customers returning over the past two years following the pandemlc was very slow to pick up and had a direct impact on our generated income streams. Activity in the previous year remalned well below pre-pandemic levels with usage for the year to 31 March 2023 belng 33% below pre-pandemic level. Whilst this trend has continued Into the current year, service usage for the year ended 31 March 2024 Is still well below pre-pandemic usage but remains stable at a slmilar level to last year. Thls has meant a direct loss of approximately £12K on core services for this year. In addition to our core activity. the charity has received additlonal grants for new projects whlch are belng progressed. Funding for these projects is shown as restricted funds on the basis that the funding is specific and not avallable towards core activ5ty in general. The net result for the year on our core servlce Is a loss of £12.439 of whlch £2,508 is attributable to depreciation of fixed assets. Unapplled restrlcted funds receSved during the year totalled £21,452 glvlng a net in-flow of funds of £9,013. Whilst customer numbers remained well below normal levels for most of the past year, It is pleaslng to note that there has been a promlsing increase in customer usage at both services since the year end and we are continuing to slgn up new customers on a regular basis. Goln8 concern The Charlty's core actfvitles are supported by an annual revenue grant from Neath Port Talbot County Borough Councll, who also provide rent free accommodation at Neath. As a Strateglc partner, a three-year cycle of grant funding commencing on l April 2023 ha5 been awarded which will provide funding until 31 March 2026, The Trustees have consldered the golng concern of the Charity for the next 12 months taking account of the ongolng effect of the pandemlc and other challenges on Its day to day operations and are satisfied that the Charity has sufiicient resources to enable it to contlnue to operate untll 31 March 2025, meet its liabilltles as they fall due and to fulfil Its existEng statutory obligations. Future The Neath and Port Talbot services wlll continue to operate normally subject to any operatlonal adjustments that may be required in line with available funding and costs. We continue to actively seek to increase the number of registered customers and are actively progressing other projects to expand our services to other events and locations wlthin the Neath Port Talbot area. The Charity has also secured funding allowing it to engage a development officer to progress a new car scheme and other servlce projects in the comlng year. It is anticipated that these develoments wlll help to promote and expand usage of our services as well as provide additional transport options ft)r disabled and mobility impaired customers. Page 4
Neath Port Talbot Shopmobility Ltd Report of the Trustees for year ended 31" March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The Charity is controlled by its governing document, a Deed of Trust. and constitutes a limited company limited by guarantee as defined by the Companies Act 2CQ6. All members of the Charity's Management Committee give their time voluntarily and receive no benefits from the Charity. There are currently 5 members of the Management Committee. who act as Trustees and Directors. The manager also acts as Secretary. The Trustees are artively seeking more Trustee / Directors. The Trustees actively review the major risks which the Charity faces on a regular basis and believe maintaining our reserves at the level of 3 months expenditure, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also re-examined other operational and business risks which the Charity faces and are satisfied that they have established systems in place to mitigate the significant risks. STRUCTURE, GOVERNANCE AND RISK The organisation is a charitable Company limited by guarantee. incorporated on 6 October 1997 and is regulated by the company's Memorandum dated 27 August 1998. All members of the Charity's Management Committee give their time voluntarily and receive no benefits from the charity. The Trustees actively review the major risks which the Charity faces on a regular basis and believe maintaining our reserves at the level of 3 months expenditure. combined with an annual review of the controls over key financial systems. will provide sufficient resources in the event of adverse conditions. The Trustees have also re-examined other operational and business risks which the Charity faces and contirm that they have established systems to mitigate the si8nih.cant risks. Approved by order of the board of Trustees on.--............ And signed on its behalf by: C Edwards - Trustee Page 5
Neath Port Talbot Shopmobility Limited INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF NEATH PORT TALBOT SHOPMOBILITY LIMITED Independent examiner's report to the trustees of Neath Port Talbot Shopmobility Limited ('the Company,) I report to the Charity Trustee5 on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbllltles and basls of report As the Charity's Trustees of the Company {and also its directors for the purposes of company lawl you are responslble for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'}. Havlng satisfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and are ellgible for independent examination, I report In respect of my examinat5on of your charlty's accounts as carrled out under section 145 of the Charities Act 2011 1'the 2011 Act,). In carrylng out my examination I have followed the D1ctionS given by the Charity Commlsslon under section 145(5) Ibl of the 2011 Act. Independent examiner's ststement I have completed my examination. I confirm that no matters have come to my attention in connection with the examlnatlon giving me cause to believe: accountlng records We not kept in respect of the Company as required by sectlon 386 of the 2006 Act; or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements of 5ectlon 396 of the 2006 Act other than any requirement that the accounts give a true and falr 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 prlnciples of the Statement of Recommended Practlce for accountlng and reporting by charities (appllcable to charlties preparlng their accounts in accordance with the Financial Reporting Stsndard appllcable in the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael Jones FCCA The Associatlon of Chartered Certltied Accountsnts Bevan Buckland LLP Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA Page 6
NEATH PORTTALBOT SHOPMOBILITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNri For the Year ended 31 March 2024 Unrestritted funds Restricted funds 2024 Total funds 2023 Total funds Notes INCOME AND ENDOWMENT5 FROM Donations and legacies Charltable xtlvltles Provision of Mobility Services 32,5 92,840 119,879 Investment income Other income 355 355 55 Total 60,695 32,5C#) 93,195 119.934 EXPENDITURE ON Charltable arttvltles Provision of Mobility Services 73,134 11,048 84,182 83,040 Other Total 73,134 11,048 84,182 83,440 NET INCOME/(EXPENDITURE) 112.439) 21,452 9,013 36,494 RECONCILIATION OF FUNDS Total funds brought forward Transfers between funds 34.772 51.788 14.0481 86.560 50,066 Total lunds carrled forw¥d 26.381 69.192 95,573 86,560 The rntes form part of these FinancRI Ststements Page 7
NEATH PORT TALBOT SHOPMOBILITY LIMITED BALANCE SHEET as at 31 March 2024 Unrestricted funds Restricted funds 2024 Total funds 2023 Total funds Notes FIXED ASSErs Tangible assets 12 3,132 23,760 26.892 5.136 CURRENT ASSETS Debtors & prepayments Cash at bank and in hand 13 6.768 20.278 27,046 6,768 65.710 72,478 2.686 82.563 85.249 45.432 45.432 CREDITORS Amounts fallin8 due within one year 14 13.797) (3,7971 (3,825) NET CURRENT A55Ers 23.249 45,432 68.681 81.424 TOTAL ASSETS LESS CURRENT LIABILITIE5 26.381 69,192 95.573 86,5tSO NEf ASSETS 26,381 69.192 95,573 86.560 FUNDS Unrestricted funds Restricted funds 15 Is 26.381 26.381 69,192 95,573 34.772 51.788 86,560 69.192 69.192 26,381 The Charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2C()6 for the year ended 31 March 2024. The Members have not required the Company to obtain an audit of its Financial Statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for: lal Ensuring that the Charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2CQ6 and Ibl Preparin8 Financial Statements which give a true and fair view of the state of affairs of the Charitable Company a5 at the end of each financial year and of it5 surplus or deficit for each financial year in accordance with the requirement5 of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 21x16 relating to it5 Financial Statements. so far as applicable to the Charitable Company. These Financial Statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 20 relating to sm311 charitable companies. IILLL ]iJL The Financial Statements were approved by the Board of Trustees on.... And were Signed on its behalf by:........................ . C Edwards - Trustee The notes form part of these Financial Statements Page 8
Neath Port Talbot Shopmobility Ltd Notes to the Financial Statements for year ended 315t March 2024 I. STATLrroRY INFORMATION Neath Port Talbot Shopmobility is a private company. limlted by guarantee without a share capital. registered in England and Wales. The registered office address can be found on page l. 2. ACCOUNTING POLICIES Ba515 of preparation and assessment of going concern The financial statements have been prepared under the historical cost convention with items recognised at cost or transactlon value unless otherwise stated in the relevant note{s} to these accounts. The financial statements have been prepared in accordance with the Charities SORP IFRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 2019),. Financial Reporting Standard 102 'The Financlal Reporttng Standard applicable In the United Kingdom and Republic of Ireland, and the Charlties Act 2011. The Charity constltutes a publlc benelit entity as defined by FRSIO2. The Trustees conslder that there are no materlal uncertalntles about the Charlty's abllSty to contlnue as a 8olng concern. Golng Concern The Charlty's core actlvitles are supported by an annual revenue grant from Neath Port Talbot County Borough Councll. who also provlde rent free accommodation at Neath. Funding Is provlded under a three- year cycle agreement which will support the Charity's actlvity until 31 March 2026. The Trustees have considered the golng concern of the Charfty for the next 12 months taking account of the challenges on its day to day operations and are satisfied that the Charity has sufficient resources to enable it to continue to operate until 31 March 2025 and meet its liabilities as they fall due and to fultil its exlsting statutory obligations. Page 9
Neath Port Talbot Shopmobility Ltd Notes to the Financial Statements for year ended 315t March 2024 ACCOUNTING POLICIES - continued Flnancial Reporting Standard FRS 102 - reduced disclosure exemptions The Charity has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: The requirements of Section 7 Statement of Cash Flows Income Recognition All Income is recognised In the Statement of Financlal Actfvitles once the Charity has entltlement to the funds, any performance conditions attached to the item(sl of income have been met, it is probable that the Income will be received and the amount can be measured reliably. Income from government and other grants whether 'capital' grants or revenue grants. are recognlsed when the Charity has entitlement to the funds. any performance conditlons attached to the grants have been met. It Is probable that the Income will be received and the amount can be measured rellably andls not deferred. Other Income Is recognised when the provlslon of mobllity servlces occurs. Donatlons are accounted for when recelvable. In the event that a donatlon Is subject to condltlons that require a level of performance before the Charlty is entttled to the funds, the income Is deferred and not recognised untll either of those conditions are fully met, or the fulfilment of those conditions is wholly wlthin the control of the charity and it Is probable that those conditions will be fulfilled In the reportlng period. Interest on funds held on deposlt is included when recelvable and the amount can be measured rellably by the Charity. This Is normally upon notitication of the interest paid or payable by the Bank, Expendlture Llabillties are recognised as expendlture as soon as there is a legal or constructive obllgation committfng the Charity to that expendlture, It is probable that a transfer of economic benefits will be required In settlement and the amount can be measured reliably. All expenditure Is accounted for on an accrual's basls. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. Page 10
Neath Port Talbot Shopmobility Ltd Notes to the Financial Statements for year ended 31st March 2024 ACCOUNTING POLICIES - continued Allocation and apportionment of costs Costs are allocated between direct charitable and other expenditure according to the nature of the cost. Where items involve mre than one category they are apportioned between the categories according to the nature of the cost. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Premises- Tenant Improvements Motor Vehicles Scooters Fixtures & Fittings Computer equipment - IO% on cost - 25% on cost - 25% on cost - 25% on cost - 25% on cost Tangible tixed assets are initially measured at cost. Corporate taxatlon The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to charitable objects. Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and role of each fund is set out in the notes to the Financial statements. Restricted funds are funds which are to be used in accordance with specilic restrictions imposed by the donor or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against each specific fund. The aim and use of each restricted fund is set out in the notes to the Financial Staternents, Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 11
Neath Port Talbot Shopmobility Ltd Notes to the Financial Statements for year ended 315t March 2024 ACCOUNTING POLICIES - continued Cash at bank and in hand Cash at bank and cash in hand includes cash and short-term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Credltor5 and provlslons Creditors and provisions are recognlsed where the Charity has a present obligation resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obllgation can be measured or estfmated reliably, Creditors and provlslons are normally reco8nlsed at their settlement amount after allowing for ant trade dlscounts due. Flnanclal instrurnents The Charity only has financlal assets and financlal Ilabllltles of a klnd that quallfy as baslc financial instruments. Basic tinancial instruments are initially recognised at transactton value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 12
NEATH PORT TALBOT SHOPMOBILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donations INVESTMEPIT INCOME 2024 2023 Bank interest 355 55 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Actlvlty- Provlslon of moblllty servlces Grants Hire charges 79.5(M) 13.340 92.840 106.123 13,756 119,879 Grant5 received included in the above a as follows: 2024 2023 Neath Port Talbot CBC - core grant Neath Port Talbot C8C - Transport serrfices UK Communities Regeneration Fund UK Shared Propserity Fund 47.(X)O 49.343 42,245 14.535 79,5LM) 106.123 CHARITABLE AcfiviTIES COSTS 2024 Total Dlrect costs (see note 71 Support corts Provision of Mobility Services 82.772 1,410 84.182 2023 Total Direct costs Support costs Provision of Mobility SeNices 81.591 1.449 83.040 Page 13
NEATH PORT TALBOT SHOPMOBILITY LIMrrED NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 DIRECT COSTS OF CHARfTABLE AcrivmES 2024 2023 staff costs Insurance Telephone Postage and stationery Sundries Equipment repairs & maintenance General office costs Vehicle costs Travellin8 Fire/Alarm Subscriptions Rental costs Utilities Publicity Legal & Professional Renewals & Replacements Depreciation 55,929 3,572 1,102 177 53,799 3,741 1.103 127 3.915 2,353 543 3.838 1,073 io 5,760 1,052 io 4.81x) 3,962 560 950 14 2.508 82,772 848.00 4.347 81,591 NEf INCOME/(EXPENDITURE) 2024 2023 Net Income/lExpenditure) is Stated after char8in8: Depreciation - owned assets 2,508 4,347 TRusfEES REMUNERATION AND BENEFITS No remuneration or other benefits were paid to any Trustees for the year ended 31 March 2024 nor for the year ended 31 March 2023. TRUSTEES EXPENSES No Trustees expenses were paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 14
NEATH PORTTALBOT SHOPMOBILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 10. 5fAFF cosrs The average number of employees during the year were as follows: 2024 2023 Operational staff No Employee5 recewed ernoluments in ex55 of £,1 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES 2023 Total funds Unrestricted funds Restrirted funds INCOME AND ENDOWMENfs FROM Donations and legacies Charftable artfvltles Provision of Mobility Service5 63.099 56.780 119,879 Investment income Other income 55 55 63.154 56.780 119.934 EXPENDITURE C*4 Charltable actlvltles Provision of Mobility Services 74.1)X) 83,040 Other 74,4CX) 83.440 NEf INCOME/IEXPENDITURE) (11,2461 47.740 36,494 RECONCILIATI( OF FUNDS Total funds brouiht fOard 46.018 50,066 Total funds carrled forwwd 34.772 51,788 86,560 Page15
NEATH PORT TALBOT SHOPMOBILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 12. TANGIBLE FIXED ASSErs Premises- Tenant Improvements Motor Vehicles Scooters & Wheelchairs Fixtures & Computer fittings eqLJipment Total COST At l April 2023 Additions Disposa15 At 31 March 2024 2.855 33.267 1.215 3,970 41,307 24,264 23,760 2,855 23.760 33,771 1,215 3,970 65,571 DEPRECIATION At l April 2023 Charge for year Disposals At 31 March 2024 2.855 28.131 2.508 1,215 3.970 36,171 2,508 2,855 30,639 1.215 3.970 38.679 NET BOOK VALUE At 31 March 2024 23.760 3,132 26,892 At 31 March 2023 5,136 5.136 13. DEBTORS . AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 6,768 2.680 14. CREDITORS: Amoumfs FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 3,797 3,825 15. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 1.4.23 At 31.3.24 Vnrestrlrted fvnds General fund Designated funds Capital fund 113.1951 34,528 13,439 34,772 112,4391 (25.634) 38.576 13,439 26.381 4,048 4.048 Restrkted funds NPTCBC NPTCBC - transport services UK Communities regeneration Fund UK Shared Propsperity Fund (4.0481 42,245 5,495 62245 1,831 5.116 69,192 13,6641 5,116 21,452 51.788 14.0481 TOTAL FUNDS 86,560 21,452 95,573 Page 16
NEATH PORTTALBOT SHOPMOBILITY LIMITED NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 15. MOVEMENT IN FUNDS - contlnued Net movement in funds included in the above are as follows: Incoming resources Resources expended Movement in funds Vnrestrlrted fvnds General fund Restricted f und5 60,695 32.5 173.1341 111.0481 112.4391 21,452 TOTAL FUNDS 93,195 184,1821 9,013 Transfers between funds Comparatives for movement in funds". Net movement in funds At 1.4.22 At 1.4.23 Unrestrlrted funds General fund Designated funds Capital f und 11,949} 34.528 13.439 46,018 111,246) 113,1951 34.528 13.439 34.772 111,240) Restrlcted fvnds NPTC8C NFfcBC - transport senilces UK Communities regeneration Fund UK Shared Prop5perity Fund 42.245 5.495 42.245 5.495 TOTAL FUNDS 36,494 86,560 Comparative Net movement in funds included in the ab¢)ve are as follow5.. 2023 Movement In funds Incomtn8 resources Resources expended Unrestrlrted funds General fund Restritted funds 63.154 56,780 {74,4QK)) {9,040) 111,2461 47,740 TOTAL FUNDS 119,934 183.4401 36,494 Oeslgnated funds The designated funds relate to amounts set aside to cover the Charity's obligations that would arise should the Charity dis¢ontbnue its operations. 16. OPERATING LEASE COMMITMENT5 At 31 March 2024 the Charity had annual commitments under non-cancellable operating lease which expires: Motor vehicles 2024 2023 thin one year thin two to five yea 1,831 1,221 4.885 1.831 17. RELATED PARfi DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 17
NEATH PORTTALBOT SHOPMOBILITY LIMITED Detalled Statement of Flnanclal Actlvltles for the year ended 31 March 2024 2024 2023 INCOME AKI ENDOWMEp¥rs Donatlons and le8acles Donations Investment Income Investment Income 355 55 Charltable artlvltles Grants 106,123 Other Income Neath Shop Takin85 Port Talbot Shop Takin8S Other income Sale of fixed a$5ets 5,899 7,441 6,156 7,6iJ) Total InrnIn rewjrces 93,195 119.934 EXPENDITURE Charltable actlvltles Wa8e5 Insurance Telephone P05t3ge and stationery Sundrles Equipment repairs & maintenance General office c05t5 Vehicle costs Travellin8 Fire/Alarm Subscriptions Rental costs utilities Publicity Legal & Professional Renewals & Replacements Depreciation 55,929 3,572 1,102 177 53,799 3.741 1.103 127 3,915 2,353 543 3.838 180 1,073 io 5.760 1.052 io 4,8CQ 3.962 560 950 14 2,508 82,772 4,347 81,591 other Property repair5 Support corts Accountancy and legal fees Computer/lT costs 1276 134 1,218 231 Total reswrce5 expended 84,182 83,440 Net Income/(expendlture) 9,013 36,494 Thrs page does not form part of the Ststutory Financial Statements Page18