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2024-03-31-accounts

COMPANY REGISTRATION NUMBER NI071615 CHARITY REGISTRATION NUMBER 100291

SHOPMOBILITY NEWRY ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

SHOPMOBILITY NEWRY

OFFICES AND PROFESSIONAL ADVISORS

The board of directors Peter Murray Eamonn Connolly – Appointed on 17 February 2023 Partick Duffy – Appointed on 14 August 2023 Company secretary John Gildea Registered office Buttercrane Shopping Centre Buttercrane Quay Newry Co Down N Ireland BT35 8HJ Independent Examiner AAB Group Accountants Limited Dromalane Mill The Quays Newry Co. Down BT35 8QS Bankers AIB 42-44 Hill Street Newry Co. Down Charity Number 100291 Company Registration Number NI 071615

SHOPMOBILITY NEWRY

CONTENTS

Page
Trustees’ Report 1 - 4
Independent Examiners Report 5
Statement of Financial Activities 6
Balance Sheet 7 - 8
Notes to the Financial Statements 9 - 13

SHOPMOBILITY NEWRY

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR YEAR ENDED 31 MARCH 2024

The Trustees, who are also directors of the charitable company, present their report and accounts for year ended 31 March 2024.

The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the Financial Statements and comply with the charity’s governing document, the Companies Act 2006 and “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 (FRS102) (as amended for accounting periods commencing from 1 January 2019).

Aims and Objectives

Shopmobility Newry are a registered charity providing mobility equipment to people with limited mobility. The Aim of the charity is to facilitate independence, inclusion and equality.

Shopmobility is for everyone, young or old, whether their disability is temporary or permanent – anyone who needs help with mobility.

Performance

During the year ended 31 March 2024 there were 2771 recorded bookings compared to 3103 in 2023. 50% of these were for scooters (2023: 51%), 49% for manual wheelchairs (2023: 48%) and 1% Rollator.

Shopmobility report a deficit of £9,510 for year ended 31 March 2024 compared to a deficit of £8,631 for year ended 31 March 2023.

There were 571 individual users of all ages and disability, either long or short term who might otherwise not be able to get out and around Newry City Centre.

Shopmobility Newry have continued to recruit new members on a regular basis. The Membership at 1[st] April 2024 was 537 (compared to 537 at 1[st] April 2023). There were 103 new members in this financial year.

Financial Review

The Reserves Policy states that the current target level for reserves is set at six months of annual operating expenditure plus redundancy costs. In the event of reserves dipping below this target level, they may be restored by increased fundraising, increasing earned income or reducing expenditure.

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Risk Statement

Further to the management statements, the trustees identify the major risks to which the charity is exposed each financial year when preparing and updating a strategic plan, in particular those related to the operations and finances of the charity. The trustees then review any major risks that have been identified, and establish systems to mitigate those risks. The charity is satisfied that the systems are in place to mitigate their exposure to the major risks that have been so identified and reviewed.

The charity is open to the usual financial risks of any organisation, and the charity has introduced controls to minimise these risks, such as two signatures being required for payments from the bank account. In addition, the accounts are regularly explained to members of the charity and are open for member's inspection at any time.

1

SHOPMOBILITY NEWRY

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR YEAR ENDED 31 MARCH 2024

Structure, Governance and Management

Shopmobility Newry is a registered Charity constituted as a Company Limited by Guarantee and is therefore governed by Articles of Association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity, and membership of the board of trustees is governed by the Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Peter Murray Eamonn Connolly [Appointed on 17 February 2023] Partick Duffy [Appointed on 14 August 2023]

2

SHOPMOBILITY NEWRY

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR YEAR ENDED 31 MARCH 2024

The methods adopted for the recruitment and appointment of new directors/trustees

Members: Subscribers are members of the company. Others must apply for membership and be approved by the directors. A member may withdraw by giving written notice, unless there would be only two members remaining.

Directors: Number shall not be less than 3; there is no maximum number. Appointment of directors: the company may by ordinary resolution appoint a director. A director may resign office by notice to the company.

Company operations and project management

Petty cash expenditure is avoided where possible. Payments are made on receipt of invoices and expenditure authorised by a director. Cheques require two signatures and online payments over £2,000 require two authorisations and there is a daily limit of £10,000.

The accounts and receipts are always available for inspection.

Shopmobility Newry’s financial statements are subject to a full financial independent examiner inspection at the end of each financial year. Shopmobility Newry management and Board of Directors regularly review financial procedures.

Shopmobility Newry complies with legislative regulations laid out in Equal Opportunities legislation, the Disability Discrimination Act and the Children’s Order, GDPR and other appropriate legislation. Shopmobility Newry’s Policies include: a Safeguarding Young People and Vulnerable Adults Policy, a Health and Safety Policy, Whistleblowing Policy, Equal Opportunities Policy and Privacy Policy.

The organisational structure and how decisions are made

The board of directors/trustees meets 6 times a year as a full board, to discuss the activities of the charity in terms of finance, premises, staffing and programming. Staff have delegated authority to carry out day to day work within policies agreed by the board. Financial standing orders give necessary authorisation of different amounts.

The policies and procedures adopted for the induction and training of directors/trustees

Prior to being elected, nominees are invited to a Board meeting, as well as visiting the premises, to meet trustees and members of staff.

Grant Income

The Trustees confirm that the Transport Programme for People with Disabilities’ grant, administered by DFI, has been used solely for the purposes intended and in accordance with the terms and conditions of the grant.

3

SHOPMOBILITY NEWRY

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR YEAR ENDED 31 MARCH 2024

Statement of Trustees’ responsibilities

The trustees, who are also the directors of Shopmobility Newry for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

In accordance with the company's articles, a resolution proposing that AAB Group Accountants Limited be reappointed as Independent Examiners of the company will be put at a General Meeting.

Disclosure of Information to Independent Examiner

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the independent examination, but of which the Independent Examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the Independent Examiner is aware of such information.

4

SHOPMOBILITY NEWRY

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SHOPMOBILITY NEWRY

I report to the trustees on my examination of the financial statements of Shopmobility Newry (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and is eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 65(9)(b) of the 2008 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 that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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

  4. the financial statements 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 can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Teresa Campbell Independent Examiners

for and on behalf of AAB Group Accountants Limited

Dromalane Mill The Quays Newry Co. Down BT35 8QS 8 October 2024

5

SHOPMOBILITY NEWRY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Note
Incoming Resources
Voluntary Income
Grant Funding
Income from Charitable
Activities
3
Total Incoming Resources
4
Resources Expended
Cost of Charitable Activities
Governance Costs
Total Resources Expended
5
Net incoming/(outgoing)
resources before transfers
Transfers Between Funds
Net Movement in Funds
Total Funds Brought
Forward
Total Funds Carried
Forward		 Unrestricted
Funds
£
-
-
4,558
4,558
12,218
1,850
14,068
(9,510)
-
(9,510)
20,887
11,377		 DFI
Restricted
Funds
£
-
28,500
-
28,500
28,500
-
28,500
-
-
-
-
-		 Other
Restricted
Funds
£
30,730
-
-
30,730
30,730
-
30,730
-
-
-
-
-		 Total
2024
£
30,730
28,500
4,558
63,788
71,448
1,850
73,298
(9,510)
-
(9,510)
20,887
11,377		 Total
2023
£
29,650
28,500
4,960
63,110
68,744
2,997
71,741
(8,631)
-
(8,631)
29,518
20,887

This statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

6

SHOPMOBILITY NEWRY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024

Notes
Fixed Assets
Tangible Assets
Total Fixed Assets
Current Assets
Stock
Debtors
8
Cash at hand and in
bank
Total Current Assets
Creditors: amount
falling due within
one year
9
Net Current
Assets/(liabilities)
Total assets less
current liabilities
Creditors: amounts
falling due after one
year
Net Assets
Fund of the Charity		 Unrestricted
Funds
£
-
-
-
91
16,225
16,316
(4,939)
11,377
11,377
-
11,377
11,377		 DFI
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 Other
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
-
-
-
91
16,225
16,316
(4,939)
11,377
11,377
-
11,377
11,377		 Total
2023
£
-
-
-
-
22,567
22,567
(1,680)
20,887
20,887
-
20,887
20,887

7

SHOPMOBILITY NEWRY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING

BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, and an independent examiners review has been carried out. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 2006.

The trustees' responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The accounts were approved by the Trustees on 8 October 2024.

8

SHOPMOBILITY NEWRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Charity information

Shopmobility Newry is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Buttercrane Shopping Centre, Newry, Co. Down, BT35 8HJ.

1.1 Accounting convention

The Financial Statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The Financial Statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Financial Statements have been prepared under the historical cost convention. The principal accounting policies are set out below.

1.2

Going concern

At the time of approving the Financial Statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the Financial Statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt.

The Grant provided by The Department for Infrastructure, through The Transport Programme for People with Disabilities (TPPD) will be used solely for the purpose for which it has been provided.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable.

During the Financial Year Ended 31 March 2024 Shopmobility Newry received £Nil (2023: £NIL) from The National Lottery Community Fund.

9

SHOPMOBILITY NEWRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Resources expended

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

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

10

SHOPMOBILITY NEWRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Self Generated Funds


Charitable activities
DFI Funding
In-Kind Contributions
Others
Analysis by fund
Unrestricted funds – general
Restricted fund
For the year ended 31 March 2023
Unrestricted funds – general
Restricted funds		 Unrestricted
funds
general
£
4,558
Unrestricted
Income
£
-
-
4,558
4,558
4,558
-
4,558
4,960
-
4,960		 Unrestricted
funds
designated
£
-
Restricted
Income
£
28,500
30,730
-
59,230
-
59,230
59,230
-
58,150
58,150		 Total
2024
£
4,558
Total
2024
£
28,500
30,730
4,558
63,778
4,558
59,230
63,778
4,960
58,150
63,110		 Total
2023
£
4,960
Total
2023
£
28,500
29,650
4,960
63,110
4,960
58,150
63,110

4 Charitable activities

11

SHOPMOBILITY NEWRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

5 Charitable activities

Rent In-kind contributions
Salaries
Light & Heat
Insurance
Repairs and maintenance
Equipment purchase
Telephone
Office costs
Printing, stationery and postage
Advertising
Legal and professional fees
Accountancy fees
Bank charges
Volunteer costs
Sundry		 Unrestricted
Expenditure
£
-
1,972
1,939
2,102
1,878
78
715
858
40
411
604
1,850
176
280
1,165
14,068		 Restricted
Expenditure
£
30,730
28,500
-
-
-
-
-
-
-
-
-
-
-
59,230		 Total
2024
£
30,730
30,472
1,939
2,102
1,878
78
715
858
40
411
604
1,850
176
280
1,165
73,298		 Total
2023
£
29,650
30,929
1,827
2,175
1,391
-
829
2,218
233
546
22
1,680
241
71,741

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

Number of employees

The average monthly number employees during the year were:

2024
Number
3
8
Debtors
2024
£
Amounts falling due within one year:
Other debtors
91
91
9
Creditors: amounts falling due within one year
2024
£
Accruals and deferred income
4,943
4,943		 2023
Number
3
2023
£
-
-
2023
£
1,680
1,680

12

SHOPMOBILITY NEWRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

10 Shopmobility Newry is a company limited by guarantee

The charitable company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

11 Related party transactions

There were no related party transactions during the year (2023: None).

13