Company registration number: N1039277 Charlty registratlon number: NIC100505 Shopmobility Lisburn (A company limlted by share capital) Annual Report and Flnancial Statements for the Year Ended 31 March 2023
Shopmobilily Lisburn Contents Trusfees, Report I to5 Independent Examiner'5 Report statement of Financial Activities Balance Sheet 8t09 Notes to the Financial Statements ioto 19
Shopmobility Lisburn Trustee5' Report Tre trustees. who are directors for the purposes of company law. present the annual report together with the financial statements ofthe charitable company for the year ended 31 Morch 2023. Objecllves and acllvltles Objecls and alms The charity exists to provide mobility equipment in the Lisburn area. The charity aims to provide the relief of permanently disobled persons by providing and encouraging the provision of services which facilitate independence in daily living activities and active parlicipation in their full integralion into society. Objectives, strategies and activities Funding hos been received throughout the period to facilitote the provision and maintenance of mobility equipment. The financial statements reflect a disappointing year, unfortunately incurring a deficit, which has been charged to reserves. The trustees further recognise fhe chollenges faced by its staff and members during another difficult year including the COVID-19 pandemic. Equipment was maintained during the year. Tre trustees ore disappointed with the charity's results and continue to review the charity s long-tem viability, while continuing with their current aclivities for the foreseeable fufure. The frustees are sotisfied that all grants, including the gront provided by the Departrnenl for Infrastructure, Ihrough the Transport Programme for People with Disabilities ITPPDI, have been used solely forthe purposes intended and in accordance with the terms and conditions of Ihe grants. Publlc benefit In line with its stated aims and objective5. as noted above, the trustees are confident Ihat the charity is undertaking activities which provide public benefit to those who avail of its services. Use_of volunleers_- The charity is reliant upon the work ofvolunteers. The trustees acknowledge thot all volunteers are integral to the success of the charity's oclivities. Golng concern The financial statements hove been prepared under the assumption that the charity will continue to operate as a going concern. As a result of Ihe financial performance, the charity is reliant upon the continued support of its funder5. The trustee5 are currenlly evaluating additional sources of funding. Trey are confident that the current sources of funding will continue for the foreseeable future. On this basi5. the trustee5 believe it is appropriate to prepare the finoncial statements on a going concern basis. Page I
Shopmobillty Lisburn Trustees. Report Reference and Administrallve Detalls Charity Registration Number". Company Registration Number: N1039277 The charity is incorporated in Northem Ireland. Garvey Studios 14 Longstone St LISBURN Co. Anlrim 8T28 ITP NIC100505 Registered Office: Accountants.. Mccleary & Company Ltd 14 Longstone St Lisburn Co. Antrim 8T28 ITP Bankers.. First Trust Bank 34-36 Market Squore LISBURN BT28 IAG Trustees and offlcers The trustees and officers serving during the year ond since the yeor end were as follows: Trvstees: T Honeyford R Dowling S Lynn K Marshall structure. governance and management Nature of governlng document Tre charity is a company limited by guarantee. governed by its Memorondum and Articles of Association. It has been granted charitable statu5 by The Charity Commission for Northern Ireland. under registration number NIC100505. Page 2
Shopmobilily Lisburn Trustees. Report Recruttment and appointment of trusfee$ If appropriate. new trustees are invited onto the board at the annual general meeting. There are no specific requirements regarding skills or experience. However. the current trustees recognise the importance of a diverse and competent board. ond this will impact on any nominalion. Those who are invited will be involved with the charity and will be held in high regard for their work. Induction ond training of Irustees New trustees receive appropriate induction procedures and training upon appointment. Affangemenls lor settlng key management personnel remuneralion No trustees receive remunerothon. Organisalional structure The trustees are responsible for the day-to-day running of the charity. The trustees meet on a bi-monthly bosis. The Irustees hove assessed the majorrisks to which Ihe charity is exposed ond are satisfied Ihat systems are in ploce to mitigate exposure to major risks. Page 3
Shopmobility Lisburn Tru5tees' Report Financial instruments Objectlves and policies The charity's activities expose it to a number of financial risks including credit risk. cash flow risk and liquidity risk. The use of financial derivatives is governed by Ihe charity's policies approved by the board of trustee5, which provide written principles on the use ol financial derivatives to manage these risks. The charity does not use derivothve financial inslruments for speculative purposes. Cash flow risk The charity's activities expose it primarily to the financial risks of changes in foreign cuirency exchange rates and interest rotes. The charity uses foreign exchange fotward contracts and interest rate swap contracts to hedge these exposures. Credlt rlsk The charity's principal finoncial ossets are bank balances and cosh. trade and other receivables, and inveslments. Tre charity's credit risk is primarily attributable to its trode receivables. The omounts presented in the bolance sheet are net of allowances for doubtful receivables. An allowance for impairment is mode where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial inslruments is limited because the counterparties are banks with high credit-ratings assigned by internationol credit-rating agencies. The chaiity has no significant concentrolion of credit risk. wilh exposure spread over a large number of counterparties and customers. Llquidity risk In order to mointain liquidityto ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and 5hort-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statement5. Page 4
Shopmobility Lisburn Trustees, Report statement of Trustees, Responslbllltles The trustees {who are also the directors of Shopmobility Lisbum for the purposes of compony lawl are responsible for preparing the trustee5' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a Irue and fair view of ttie state of affairs of the charitable company and of its incoming resources and applicalion of resources, including its income and expenditure. forthat period. In preparing these financial statements. the Irustees are required to-. select suitable accounting policies and apply them consistenlly.. observe the methods and principles in the Charities SORP.. make judgement5 and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed ond explained in the financiol statements; and prepore the financial statements on the going concern basis unless it is inappropriate to presume that the choritable company will continue in business. The trustees are responsible for keeping adequote accounting records thot are sufficient to Show and explain the charitable company's transoctions and disclose with reasonable occuracy at any time the financial position of the charitable compony and enable them to ensure that fhe financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence foi laking reasonable steps for the prevenlion and detection of fraud and other irregularities. The annual report was approved by the trustees of the charity on 12 September 2023 and signed on its behalf by.. Tim Honeyford Trustee Page 5
Shopmobility Lisburn Independent Examiner's Report to the trustees of Shopmobillty Lisburn ("the Company") I report to the charity trustees on my examination of the accounts ofthe Company for the year ended 31 March 2023. Responslbllities and basls of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 20061'the 2006 Act'l. Having sotisfied myself that the accounts of Shopmobility Lisburn are not required to be audited under Part 16 of the 2CQ6 Act and are eligible for independent exominotion, I report in respect of my examinotion of your charity's accounts as corried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of Ihe 2011 Act. Independent examiner's stalemenl I have completed my examination. I confirm that no matters have come to my attention in connection with the exominotion giving me cause to believe: l. accounting records were not kept in respect of Shopmobility Lisburn as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those recofd5.' or 3. Ihe accounts do not comply with the accounting requirement5 of section 396 of the 2CK)6 Act other than any requirement that the accounts give a 'true and fair view, which is nol a matter considered os part of an independent examination,. or 4. 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 lapplicable to chorities preparing their accounts in accordance with the Financial Reporling Standord applicable in the UK and Republic of Ireland IFRS 10211. I hove no concerns and have come across no other matters in connection with the examination to which attention should be drown in this report in order to enable a proper understanding of the accounts to be reached. I confirm that l am independent of the charity. John Mccleory FCA Mccleary & Co. Ltd Chartered Accountant5 14 Longstone St LISBURN Co. Antrim BT28 ITP 12 September 2023 Page 6
Shopmobility Llsburn statement of Financial Activlties for the Year Ended 31 March 2023 (Including Income and Expendilure Account and Statement of Total Recognised Gains and Losses) Unreslricted funds Restrlcted funds Total 2023 Nole Income and Endowmenls from: Charitable activities Total income 21 14 Expendilvre on: Charitable activities Total expendilure 102 Net income/lexpendifurel Net movement in funds 11.2311 11.0571 12,2881 Reconciliation of funds Total funds brought forward Total funds carried forward Unrestricted funds Reslricted funds Total 2022 Note Income and Endovmienls from: Charitable activities Total income Expendltvre on.. Charitable activities Total expenditure 27 Net income 256 398 Net movement in funds 256 12,3981 12,1421 Reconciliation of funds Total funds brought forward 196 Total funds catTied forward All of the charity's activities derive from continuing operotions during the above tho periods. The funds breakdown for 2022 is shown in note 16. The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Shopmobility Lisburn (Registration number: N1039277) Balance Sheet as at 31 March 2023 2023 2022 Note Flxed assets Tangible assets 10 1.252 1,670 Current asset5 Debtors Cash at bank and in hand 1,268 12 3.278 6,108 CrediloTS' Amounts falling dve within one year 13 Net current assets Tolal assets less cuThent liabilities 3.924 6.554 Creditors. Amounts falling due after more than one year 14 Net assets Funds of the charity: Restricted income funds Restricted funds 715 17.5941 Unrestricted income funds Unrestricted funds Total funds The notes on pages 10 to 19 form on integral part of these financial statements. Page 8
Shopmobility Lisburn (Registration number: N1039277) Balance Sheet as at 31 March 2023 For the financial year ending 31 March 2023 the charity was entilled to exemption from audit under section 477 of the Companies Act 26 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of it5 accounts for the year in question in accordance with section 476., and Tre directors acknowledge their responsibililie5 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 7 to 19 were approved by the trustees. ond authorised for Issue on 12 September 2023 and signed on their behalf by.. Trust The notes on pages 10 to 19 fom an integral port of these financial statements. Page 9
Shopmobillty Lisburn Notes to the Financial Statements for the Year Ended 31 March 2023 I Charity slatus The charity is limited by share capital. incorporated in Northern Ireland. The address of its registered office is: Gorvey Studios 14 Longstone Street LISBURN Co. Antrim BT28 ITP These financial statements were outhorised for issue by the trustees on 12 September 2023. 2 Accounting pollcies Summary of significant accounting policies ond key occounling eslimales The principal accounting policies applied in the preparation ofthese linoncial staternents are set out below. These policies have been consiStenY applied to all the years presented, unless otherwise stated. statement of compllance The financial statements have been prepared in accordance wilh Accounting ond Reporting by Charities-. Statement of Recommended Practice (applicable to charities preparing their accounts in accordonce with the Financial Reporting Standard applicoble in the UK and Republic of Ireland IFRS 10211 lissued in October 20191 Icharities SORP IFRS 1021 l. the Financial Reporting Standard applicable in Ihe UK ond Republic of Ireland IFRS 1021 ond the Companies Act 2006. Bas15 of preparatlon Shopmobility Lisburn meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Page 10
Shopmobility Llsburn Notes to Ihe Financial Statements for the Year Ended 31 March 2023 Golng concern The financial statements have been prepared under the assumption that the charity witi continue to operate as a going concern. Despite this year's deficit, the charity's reserves hove remained in a positive value. There is a material uncertainty related to these events that may cast significant doubt on the charity's ability to continue a5 a going concern and. therefore. may be unable to realise its assets and discharge it5 liabilities in the normal course of it5 operafions. The charity is reliant upon the continued support of its funders. The trustees are confident that this support will continue for the foreseeable future. Additionally. the trustees are currenMy seeking additional sources of funding in order to address the financial position. On this basis. the trustees believe it is appropriate to prepare the finoncial statements on a going concern basis. Income and endowmenls Income comprises choritoble donations, grants and fundraising. Donalions and legacies Donotion5 are recognised when the charity has been notified in writing of both the amount and setllement date. In the event that a donation is subject to conditions that require a levd of performance by the charity, before the chority is entitled to the funds., the income is deferred and notrecognised until either those conditions are fully met. orthe fulfilment of those conditions is wholly within the control of the charity ond is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recogni5ed on a case-by-case basis following the grant of probote when the administrator/executor for the estate has communicoted in writing both the amount ond settlement date. In the event that the gift is in the form of an asset, other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable, with a degree of reasonable accuracy and the th'tle to the asset having been tronsfeTred to the charity. Grants receivable The grants provided by the Department for Infrastruclure. through the Transport Programme for_People_ with Disabilities ITPPDI. have been used solely for the purposes intended and in accordance with the terms and conditions of the grant. Pagell
Shopmobility Lisburn Notes to the Financial Statements for the Year Ended 31 March 2023 Expenditvre All expenditure is recognised once there 15 a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direclty attributed to particular headings. they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the spread of staff costs. Charllable actlvllles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It include5 both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of its resources, for example, allocating property costs by floor area, or per capita. stoff costs by the time spent and other costs by their usage. Governance costs Trese include the cost5 Otlrtbutable to the charity's compliance wi*h constitutional and statutory requirements. including audit, strategic monagement and trustee's meetings and reimbursed expenses. Government granls Government gionts are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Gronts are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related cost5 are recognised. Granls relating to assets are recognised over the expected useful life of the a55et. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Taxation The charity is considered to pass Ihe tests set out in Paragroph I Schedule 6 ofthe Finance Acl 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from toxotion in respect of income or copital gains received within categories covered by Chapter 3 Part I l of the Corporotion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent thot such income or gains are applied exclusively to charitable purposes. Tangible fixed assels Individual fixed assets Costing £500 or more are initiolly recorded at cost, less any subsequent accumuloted depreciation and subsequent accumulated impairment1055es. Page 12
Shopmoblllty Llsburn Notes to the Flnancial Statements for the Year Ended 31 March 2023 Depreclatlon and amortisatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Asset class Plant and machinery Depreciation method and rate 2510 reducing balance Trade debtors Trade debtors are amounts due from cu5tomer5 for merchandise sold orservices performed in the ordinary course of business. Trade debtors are recognised initiollyat the transaction price. They are subsequenfly meosured at amorti5ed cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash ond cash eqvivalents Cash and cash equivolent5 comprise cash on hond and call deposits, and other short-term highly liquid inveshnents that are readily convertible to a known amount of cash and are subject to on insignificant risk of chonge in value. Borrowings Interest-beoring borrowings are initiollyrecorded at fair value. net of transaction costs. Interest- bearing borrowings are subsequently Coled at arnortised cost, with the difference between the proceeds. net oftransaction costs, ond the amount due on redemption being recognised as a charge to the Statement of nancIal Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to -defer setmement of the liability for at least e1ve months after the reporting date. Fund structure Unrestricted income funds are generol fund5 that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in o particular orea orfor specific purposes. the use ofwhich 15 restricted to that area or purpose. In the case of the charity, restricted funds wholly comprise the funding received. and expendilvre incurred in relation to the grant provided by The Deportment for Infrastructure, through the Tran5POrt Programme for People with Disabilities ITPPDI. Page 13
Shopmobility Lisburn Note5 to Ihe Financial Statements for the Year Ended 31 March 2023 3 Income from charitable ocllvities Unrestslcted fvnds General Restrlcted funds Total fvnds Disabled access facilities 926 Total for 2023 Total for 2022 4 Expendilvre on chorilable activities Unrestricted funds General Reslricted fund$ Tolal 2023 Totol 2022 Nole Disabled acces5 facilities Depreciation. amortisation and other similar costs staff costs Governance costs 7,577 7,582 7,650 76 5.775 76 15,539 9,764 9.485 26 642 905 840 Unrestrlcted fund$ General Restricted funds Total fvnds Note Disabled access facilities Depreciation staff costs Governance costs 7,577 7.582 76 15.539 90 76 5,775 263 9.764 642 Total for 2023 Total for 2022 Page 14
Shopmobility Lisburn Notes to the Financial Statements for the Year Ended 31 March 2023 S Analysis of goveinance and support costs Chailtable actlvltles expendlture Unreslrfcted funds General Restrlcted funds Total funds Insurance Postage & Stationery Telephone Travel & subsistence Bank charges Depreciotion Release of capitol grants Legal & professional fees Heot & light Bank interest 2,059 468 374 218 102 2,059 468 374 218 102 418 13421 1,200 3.156 418 13421 1.200 3,156 Total for 2023 Tolal for 2022 Page 15
Shopmobllity Lisburn Notes to the Financial Statements for the Year Ended 31 March 2023 6 Net incornlng/ovtgoing resources Net loutgoingllincoming resources for Ihe year include= 2023 2022 Depreciotion of fixed assets 7 Trustees remunerallon and expenses Dvring the year the charity mode the following transactions with Irustees.. S Lynn £1.20012022'. £1,2(X)l of expenses were reimbursed to S Lynn during the year. Mr SM Lynn FCCA was the principal of an accountancy practice, which provided services to the charity. No trustees, nor any persons connected with them, have received ony remuneration from the charity during the year. 8 Staff costs The oggregate payroll costs were os follows.. 2023 staff costs durlng the year were: Wages and salaries Other staff costs 15,539 9,502 The monthly average number of persons (including senior management I leadership teaml employed by the charity during Ihe year expressed os full-time equivalents was as follows". 2022 2021 No Administralion and support staff No employee received emoluments of more than £60.OCXJ during the year. 9 Taxation The charity is a registered chority and is therefore exempt from taxation. Poge 16
Shopmoblllty Lisburn Notes to Ihe Financial Statements for the Year Ended 31 March 2023 10 Tanglble fixed assets Fvmlture and equlpment Tolal Cost At l April 2022 76 766 At 31 March 2023 766 Depreclatlon At l April 2022 Chorge for the year 74,096 41 74,096 418 At 31 March 2023 75514 LI4 Net book value At 31 March 2023 At 31 Morch 2022 I l Debtors 2023 2022 Trade debtors Prepayment5 1.029 239 12 Cash and cash equ5valents 2023 2022 Cash at bank Page 17
Shopmobility Lisburn Notes to the Financial Statements for the Year Ended 31 March 2023 13 Creditors: amounts falling due within one year 2023 2022 Accruals 14 Credllors: amounts falling due after one year 2023 2022 Deferred income 15 Share ¢opital 16 Fund$ Balonce ol 31 March 2023 Balance ot i April 2022 Incoming resources Resource5 Expended Unrestrlcted funds General 12,780 4,888 16,1191 11.549 Re$lrlcted funds Total funds Balance al 31 March 2022 Balonce at i April 2021 Incoming resources Resovrces expended Unrestslcted funds General 12.524 3,483 13.2271 12,780 Restricted funds Total funds Page 18
Shopmobility Lisburn Notes to the Financlal Statements for the Year Ended 31 March 2023 17 Analysis of net assets between fvnds Unrestrlcted funds General Total funds at 31 March 2023 Restslcted funds Tangible fixed assets Current assets Current liobililies Creditor5 over l year 1,252 10,297 1,252 3,278 16061 17,0191 16061 Total net assets Unrestricted funds General Total funds al 31 March 2022 Restricted tvnds Tangible fixed assets Current assets Current liabilities Creditors over l year 1,670 I 1.110 1,670 6,108 11.2241 15,(mi 11,2241 Total net assets Page 19