2025-04-30-accounts - Shift.ms

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Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Date : 29/01/2026 GMT

Signer ID: HLLKXBMZQJ...

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Signer ID: LO0G8ECPQB...

29/01/2026 GMT

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Consolidated Statement of Financial Activities

(including Income and Expenditure account)

for the year ended 30 April 2025

Unrestricted funds Note £ Income from: Donations and legacies 3 180,446 Charitable activities 4 411,073 Other trading activities - in relation to realworld ms 5 274,450 6 3,047 Total income 869,016 Expenditure on: Raising funds 7 (132,209) Charitable activities: 8 (534,959) Total expenditure (667,168) Net income/(expenditure) for the year 10 201,848 Transfer between funds 147,724 Net movement in funds for the year 349,572 Reconciliation of funds Total funds brought forward 243,418 Total funds carried forward 592,990 Investments	Restricted funds £ 332,712 - - - 332,712 - (287,939) (287,939) 44,773 (147,724) (102,951) 288,734 185,783	Total funds 2025 £ 513,158 411,073 274,450 3,047 1,201,728 (132,209) (822,898) (955,107) 246,621 - 246,621 532,152 778,773	Restated Total funds 2024 £ 388,391 691,498 - 1,266 1,081,155 (104,133) (642,990) (747,123) 334,032 - 334,032 198,120 532,152

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Company number 6000961

Balance Sheets as at 30 April 2025

			Restated		Restated
		Group	Group	Charity	Charity
	Note	2025	2024	2025	2024
		£	£	£	£
Fixed assets
Investments	14	-	-	1	1
Intangible fixed assets	15	325,425	234,753	325,425	234,753
Tangible assets	16	4,090	7,606	4,090	7,606
Total fixed assets		329,515	242,359	329,516	242,360
Current assets
Debtors	19	216,402	59,861	228,300	59,861
Cash at bank and in hand	20	437,205	358,640	372,518	358,640
Total current assets		653,607	418,501	600,818	418,501
Liabilities
Creditors: amounts falling:
due in less than one year	21	(177,478)	(30,944)	(172,450)	(30,945)
Net current assets		476,129	387,557	428,368	387,556
Creditors: amounts falling:
due after more than one year	22	(26,871)	(97,764)	(26,871)	(97,764)
Net assets		778,773	532,152	731,013	532,152
Funds of the charity:
Restricted income funds	23	185,783	288,734	185,783	288,734
Unrestricted income funds	23	592,990	243,418	545,230	243,418
Total charity funds		778,773	532,152	731,013	532,152

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006

The notes on pages 27 to 42 form an integral part of these financal statements.

Approved by the Trustees on 23 January 2026 and signed on their behalf by:

Signer ID: QIQKQYI3QK... Kevin Jon Asher (Treasurer)

Signer ID: HLLKXBMZQJ...

John Robert Stier (Chair of Trustees)

29/01/2026 GMT Date:

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Consolidated Statement of Cash Flows

for the year ending 30 April 2025

Note 28 Cash flows from investing activities: Dividends, interest, and rents from investments Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets Investment in Shift.ms app development Cash provided by/(used in) investing activities Cash provided by/(used in) financing activities Cash and cash equivalents at the beginning of the year Total cash equivalents at the end of the year Increase/(decrease) in cash and cash equivalents in the year Cash provided by/(used in) operating activities	2025 £ 225,678 3,047 - (799) (149,361) (147,113) - 78,565 358,640 437,205	2024 £ 370,229 1,266 386 - (234,753) (233,101) - 159,031 199,609 358,640

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation

The financial statements have been prepared in accordance with 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) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Shift.ms meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity, and rounded to the nearest £1.

1.2 Group financial statements

These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary, Realworld MS Ltd ("realworld ms"), on a line by line basis. A separate Statement of Financial Activities and Income and Expenditure account are not presented for the charity itself following exemptions afforded by section 408 of the Companies Act 2006.

1.3 Preparation of the accounts on a going concern basis

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company and its subsidiary to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charitable company and its subsidiary have adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about their ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Judgments and estimates

The Trustees have made no key judgments which have a significant effect on the accounts.

The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

1.5 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) 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, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

1.6 Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. The Trustees' report provides further information on volunteers' contribution to the charity.

On receipt, donated professional services are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

1.9 Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds comprise donor giving platform fees and the costs of supporting volunteer fundraisers.
Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and the associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.10 Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9.

1.11 Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

1.12 Tangible fixed assets

Individual fixed assets costing £250 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Office fixtures and equipment

20%

1.13 Intangible fixed assets

The Trustees have taken the decision to capitalise the costs of the Shift.ms app since they consider it to be an income generating asset. Capitalised costs include employee salaries and external developer time at cost where these relate to the development of the asset. App maintenance costs are not capitalised. Capitalised costs are depreciated in line with the useful economic life of the asset on a straight line basis as follows:

App development costs

25%

1.14 Fixed asset investments

Shift.ms holds an investment in its whollly owned subsidiary realworld ms. Profits in realworld ms are intended to be passed to Shift.ms via a corporate gift aid payments as and when possible.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

1.15 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.

1.16 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.17 Creditors and provisions

Creditors and provisions are recognised where the Group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.18 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.19 Pensions

Employees of the Group are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 21. Outstanding contributions at the year end were £2,928 ( 2024: £nil).

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The registered office address is disclosed on page 1.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

3 Income from donations and legacies

Trusts and Foundations Community fundraising Donated goods and services 4 Income from charitable activities Commercial partnerships Earned income 5 Income from other trading activities Non-primary purpose trading - realworld ms 6 Investment income Income from bank deposits	Unrestricted £ 167,133 13,313 - 180,446 Unrestricted £ 403,443 7,630 411,073 Unrestricted £ 274,450 274,450 Unrestricted £ 3,047 3,047	Restricted £ 332,712 - - 332,712 Restricted £ - - - Restricted £ - - Restricted £ - -	Group Total 2025 £ 499,845 13,313 - 513,158 Group Total 2025 £ 403,443 7,630 411,073 Group Total 2025 £ 274,450 274,450 Group Total 2025 £ 3,047 3,047	Unrestricted £ 20,250 23,079 17,500 60,829 Unrestricted £ - 145,578 145,578 Unrestricted £ - - Unrestricted £ 1,266 1,266	Restricted £ 327,562 - - 327,562 Restricted £ 545,920 - 545,920 Restricted £ - - Restricted £ - -	Group Total 2024 £ 347,812 23,079 17,500 388,391 Group Total 2024 £ 545,920 145,578 691,498 Group Total 2024 £ - - Group Total 2024 £ 1,266 1,266

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

7 Cost of raising funds Unrestricted £ General fundraising costs 3,132 Staff costs 98,802 Recruitment cots - Support costs 16,824 Governance costs 13,451 132,209 8 Analysis of expenditure on charitable activities Unrestricted £ Staff costs 152,235 Service development 305,652 Governance costs (see note 9) 46,839 Support costs (see note 9) 30,233 534,959 Restricted expenditure Unrestricted expenditure	Restricted £ - - - - - - Restricted £ 143,193 114,786 - 29,960 287,939	Group Total 2025 £ 3,132 98,802 - 16,824 13,451 132,209 Group Total 2025 £ 295,428 420,438 46,839 60,193 822,898 287,939 534,959 822,898	Unrestricted £ 1,995 80,406 6,881 8,826 6,025 104,133 Unrestricted £ 54,150 37,808 30,583 47,583 170,124	Restricted £ - - - - - - Restricted £ 333,524 122,040 15,754 1,548 472,866	Group Total 2024 £ 1,995 80,406 6,881 8,826 6,025 104,133 Restated Group Total 2024 £ 387,674 159,848 46,337 49,131 642,990 472,866 170,124 642,990

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

9 Analysis of governance and support costs

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

Basis of apportionment Staff costs staff costs Office costs staff costs Audit fees staff costs Accountancy services staff costs Equipment staff costs Sundry expenses staff costs Travel costs staff costs Legal & professional staff costs Trustee expenses staff costs Depreciation staff costs Loss on disposal of fixed assets staff costs Recruitment staff costs	Support £ 22,728 11,564 - 2,751 456 13,934 11,483 11,485 - 2,988 1,328 - 78,717	Governance £ 32,966 - 14,320 - - 11,045 - - 259 - - - 58,590	Group Total 2025 £ 55,694 11,564 14,320 2,751 456 24,979 11,483 11,485 259 2,988 1,328 - 137,307	Support £ 21,420 10,166 - 540 643 9,408 8,264 4,423 - - - 299 55,163	Governance £ 23,054 - 5,000 - 2,106 21,035 361 - - 3,600 55,156	Group Total 2024 £ 44,474 10,166 5,000 540 643 11,514 8,264 25,458 361 - - 3,899 110,319

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Notes to the accounts for the year ended 30 April 2025 (continued)

Shift.ms

10 Net income/(expenditure) for the year

This is stated after charging/(crediting):	2025	2024
	£	£
Depreciation	2,988	3,258
Amortisation of the Shift.ms app	58,689	-
Loss on disposal of fixed assets	1,327	-
Audit fees	12,350	5,000
Other auditor's fees - accounts and payroll	2,751	540

Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Pension costs Capitalised salaries	2025 £ 426,407 39,846 24,090 (40,419) 449,924	2024 £ 477,464 46,738 28,416 (40,064) 512,554

11 Staff costs

The average number of staff employed by the group during the year was 9 (2024: 12).

The average full time equivalent number of staff employed by the group during the period was 8 (2024: 11).

The average number of staff employed by the charity during the period was 9 (2024: 12).

The average full time equivalent number of staff employed by the charity during the period was 8 (2024: 11).

The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the Charity and Group were £99,653 (2024: £73,676).

The number of employees whose employee benefits (excluding employer pension costs and employer national insurance contributions) exceeded £60,000 was:

		2025	2024
		No.	No.
£60,001	- £70,000	-	1
£70,001	- £80,000	-	-
£80,001	- £90,000	1	-

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

12 Trustee remuneration and expenses, and related party transactions

None of the Trustees nor any persons connected with them received any remuneration during the year. Trustees' expenses of £259 were paid during the year in respect of 4 Trustees (2024: £361).

Realworld ms is a wholly owned subsidiary of Shift.ms and was incorporated on 29 January 2024. Directors of realworld ms are George Pepper, (CEO), Tom Tyler (Trustee) and John Stier, (Trustee).

There were no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Aggregate unrestricted donations from Trustees totalled £nil (2024: £106)

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: £nil).

13 Government grants

The government grants recognised in the accounts were as follows:

National Lottery Community Fund	2025 £ 120,058 120,058	2024 £ 143,370 143,370

The charity receives no government funding. However, National Lottery grants are classed as government grants because their spending priorities are set by the government.

14 Investments

Shares in subsidiaries	Group 2025 £ - -	Group 2024 £ - -	Charity 2025 £ 1 1	Charity 2024 £ 1 1

Shift.ms owns the full rights regarding voting, payment of dividends and distributions in its wholly owned subsidiary, Realworld MS Ltd (Registration number 15448915). Realworld MS Ltd was incorporated on 29 January 2024 and its directors are George Pepper (CEO), John Stier (Trustee) and Tom Tyler (Trustee).

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

15 Ingangible fixed assets

Cost Additions Depreciation Charge for the year Net book value At 30 April 2025 At 1 May 2024 At 1 May 2024 At 30 April 2024 At 30 April 2025 At 30 April 2025	Group £ 234,753 149,361 384,114 - 58,689 58,689 325,425 234,753	Charity £ 234,753 149,361 384,114 - 58,689 58,689 325,425 234,753

16 Tangible fixed assets

Cost Additions Disposals Depreciation Charge for the year Disposals Net book value At 30 April 2025 At 30 April 2024 At 30 April 2025 At 1 May 2024 At 1 May 2024 At 30 April 2025	Group £ 19,032 799 (3,857) 15,974 11,426 2,988 (2,530) 11,884 4,090 7,606	Charity £ 19,032 799 (3,857) 15,974 11,426 2,988 (2,530) 11,884 4,090 7,606

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

17 Subsidiary undertaking

The Charitable company owns the whole of the issued ordinary share capital of Realworld MS Limited, a company registered in England. The subsidiary is used for non-primary purpose trading activities. Available profits are gift aided to the charitable company. A summary of the results of the subsidiary is shown below:

Profit and loss account Turnover Cost of sales Administration costs Taxation Donation to parent charity Net profit Balance sheet Fixed assets Current assets Creditors due in less than one year Called up share capital Profit and loss account	2025 £ 274,450 (149,452) (77,238) - - 47,760 2025 £ - 47,759 47,759 1 47,759 47,760	2024 £ - - - - - - 2024 £ - - - - 1 - 1

For the period ended 30 April 2025, Realworld MS Limited (company number 15448915) was exempt from audit under section 479A-479C of the Companies Act.

18 Parent charity

The parent charity's gross income and the results for the year are disclosed as follow:

Gross income	2025 2024 £ £ 1,049,135 1,081,155
Result for the year	198,862 334,032

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

19 Debtors Group 2025 £ Grants and funding receivable 200,803 Other debtors 179 Prepayments and accrued income 15,420 216,402 20 Cash at bank and in hand Group 2025 £ Cash at bank and on hand 437,205 437,205 21 Creditors: amounts falling due within one year Group 2025 £ Trade creditors 15,887 Other creditors and accruals 62,359 Taxation and social security costs 8,175 Pension contributions 2,928 VAT liability 88,129 177,478 22 Creditors: amounts falling due in more than one year Group 2025 £ VAT liability 26,871 26,871	Group 2024 £ - 4,601 55,260 59,861 Group 2024 £ 358,640 358,640 Group 2024 £ 3,278 20,633 7,033 - - 30,944 Restated Group 2024 £ 97,764 97,764	Charity 2025 £ 200,803 46 27,451 228,300 Charity 2025 £ 372,518 372,518 Charity 2025 £ 15,833 58,660 6,900 2,928 88,129 172,450 Charity 2025 £ 26,871 26,871	Charity 2024 £ - 4,601 55,260 59,861 Charity 2024 £ 358,640 358,640 Charity 2024 £ 3,278 20,633 7,034 - - 30,945 Restated Charity 2024 £ 97,764 97,764

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

23 Analysis of movements in funds for the Group

Digital Peer Support Other funders Restricted funds Unrestricted funds National Lottery Community Fund MSER led Health Education App Development Designated fund - intangibles General fund	Balance at 1 May 2024 restated £ 28,996 36,166 65,162 149,128 74,444 223,572 288,734 Balance As at 1 May 2024 restated £ 8,665 234,753 243,418	Income £ 120,058 86,900 206,958 - 125,754 125,754 332,712 Income £ 869,016 - 869,016	Expenditure £ (72,880) (61,997) (134,877) (106,290) (46,772) (153,062) (287,939) Expenditure £ (608,479) (58,689) (667,168)	Transfers £ (38,831) - (38,831) (42,838) (66,055) (108,893) (147,724) Transfers £ (1,636) 149,360 147,724	Balance at 30 April 2025 £ 37,343 61,069 98,412 - 87,371 87,371 185,783 Balance at 30 April 2025 £ 267,566 325,424 592,990

The General fund represents free reserves after allowing for all designated funds.

Designated fund intangibles, represents the net book value of the app which is held for continued use by the charity. These funds are therefore excluded from free reserves.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

23 Analysis of movements in funds for the Group

Digital Peer Support Other funders App Development Impact National Lottery Community Fund MSER led Health Education General fund Designated fund - intangibles	Balance at 1 May 2023 £ 28,258 11,364 39,622 59,469 - 23,781 83,250 122,872 Balance at 1 May 2023 restated £ 75,248 - 75,248	Income £ 143,370 99,800 243,170 545,920 84,392 - 630,312 873,482 Income £ 207,673 - 207,673	Expenditure £ (79,891) (70,998) (150,889) (298,196) - (23,781) (321,977) (472,866) Expenditure restated £ (274,256) - (274,256)	Transfers £ (62,741) (4,000) (66,741) (158,065) (9,948) - (168,013) (234,754) Transfers £ - 234,753 234,753	Balance As at 1 May 2024 £ 28,996 36,166 65,162 149,128 74,444 - 223,572 288,734 Balance at 1 May 2024 restated £ 8,665 234,753 243,418

Digital peer support other funders: fund the delivery of digital peer support services, including development of a 1-1 network.

Mser-Led Health Education funds delivery of education resources aimed at supporting people with MS through challenges an MS diagnosis can bring.

App Development funds the design and development of the Shift.ms app.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

24 Analysis of group net assets between funds

Current reporting period

Tangible fixed assets Intangible fixed assets Net current assets/(liabilities) Creditors due in more than one year Total Previous reporting period Tangible fixed assets Intangible fixed assets Net current assets/(liabilities) Creditors due in more than one year Total	General fund £ 4,090 - 290,346 (26,871) 267,565 General fund restated £ 7,606 - 98,823 (97,764) 8,665	Designated funds £ - 325,425 - - 325,425 Designated funds £ - 234,753 - - 234,753	Restricted funds £ - - 185,783 - 185,783 Restricted funds £ - - 288,734 - 288,734	2025 Total £ 4,090 325,425 476,129 (26,871) 778,773 2024 Total restated £ 7,606 234,753 387,557 (97,764) 532,152

25 Contingent assets

Shift.ms intends to recover historic output VAT forming part of the VAT liability from funders who have a VAT registration. At the date of the signing of these accounts, the value and recoverability of these balances is uncertain. Therefore the recoverable amounts have not been reflected in these financial statements.

26 Prior period adjustment

Subsequent to the year end, Shift.ms submitted a backdated VAT registration with HMRC using an effective date of 1 October 2020. This as done was done with appropriate advice, urgency and integrity once the VAT liability was recognised. Restatements shown in these financial statements reflect the outcome of the VAT registration process and show the historic liability at current and prior year ends. Shift.ms is settling outstanding balances through a "time to pay" arrangement with HMRC with the intention of fully discharging the liability no later than December 2026.

The prior period adjustment has reduced brought forward funds as at 1 May 2023 by £75,860, increased service development costs by £21,904, creditors falling due over one year by £97,764 and reduced funds carried forward as at 30 April 2024 by £97,764.

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42

Shift.ms

Notes to the accounts for the year ended 30 April 2025 (continued)

27 Related party transactions

During the year, Shift.ms recharged running costs (comprising salary, service and support costs) totalling £121,856 to realworld ms. At year end, a balance of £nil was owed by realworld ms. Profits of realworld ms for the year to 30 April 2025 were donated to Shift.ms within 9 months of the year end. Other than the transactions set out above, there were no related party transactions during the year.

28 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year Adjustments for: Depreciation and amortisation Loss/(profit) on sale of fixed assets Interest on bank deposits Decrease/(increase) in debtors Increase/(decrease) in creditors 29 Net debt statement £ Cash at bank and in hand 358,640 358,640 At 1 May 2024 Net cash provided by/(used in) operating	2025 £ 246,621 61,677 1,327 (3,047) (156,541) 75,641 225,678 Cash flows £ - -	2024 £ 334,032 3,258 - (1,266) 86,513 (52,308) 370,229 £ - - Other non- cash changes	£ 437,205 437,205 At 30 April 2025

Document ID: e7c7d6654bb99aab301848d247fe4c4c971560093a421f06c9f7ace8a58cae42