Shopmobility Belfast Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 2023 DFI Restricted fijnds Unrestricted funds Restricted funds Total funds Total funds Note Income Donations and legacies Charitable activities 23.575 162,707 23.575 254,322 33,180 275,003 76,000 15,615 Total income 186,282 76,000 15,615 277,897 308,183 Expenditure Expenditure on charitable aclivrttes Total gxpgnditur• (117.763) {117.763) (76,000) (153,481) (347,244} 1331,963) (76,0001 (153,481) (347,244) 1331,963) Net èxpendrture 68.519 (137.866) 169,347) (23.780) Transfers between funds (120,945) 120.945 Net movement in funds (52.426) (16.921) (69.347) (23,780) Recon¢iliation of fund5 Total funds brought forward Total funds carried forward 76,830 23,985 100.815 124.595 24,404 7,064 31.468 100,815 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derwe froffl continuing activities. The notes on pages 16 to 26 forni part of these financial sLitements. 14
Shopmobility Belfast Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 13 996 1,623 Current assets Debtors Cash at bank and in hand 14 33,865 61,013 94,878 35,861 92,492 128.353 Creditors: amounts falling due within one year Net current assets 15 (64.406) 30,472 129.161) 99.192 Total assets less current liabilities 31,468 31.468 100,815 100.815 Net assets Funds of the charity Restrtcted funds Unrestricted funds 23,985 76,830 100,815 24.404 Total charity funds 18 31.468 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustÉÈs and authorised for issue on 27 June 2024, and are signed on behalf ofthe board by- J Walsh (Chairperson) Trustee The note5 on pages 16 to 26 fonn part of these financial statements. 15
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General infonnation The charity is a public benefit entity and a private MpanY limited by guarantee. registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Westgate House. 2 Queen Street, Belfast. BT16ED. Statement of Compllance These fiiiaiiLial bldl¥iTi¢wilb Iiiavtr b¥¥ii Pl¢Vilwl iwi wwiipliililL¢ willl FRS 102, Tlie Fiiiaiibial Reporting Standard applicable in the UK and the Republic of Ireland., the 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) (Charities SORP (FRS 102)) and the CharFties Act (Northern Ireland) 2008. The charity meets the definition of a public benefft enttty under FRS 102. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial a$5ets and liabilities and investment properties mo2sured at fair value through income or expenditure. The financial statements are prepared in sterting. which is the functional currency of the entity. Golng concem A2> at 31 Marth 2024, the Chartl5 unre5triGted ie5etve5 were £24.404, which indiGates Ihe existen of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. Disclosure exemptions The charity has taken advantage of the exemption in SORP 2015 from the requirement to produce a cash flow statement because it 15 a small charity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires fflanagerrnt to make judgements, eslimates and assumptions that affect Ihe amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 16
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Accounting policies (conthiued) Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated fijnds are unrestricted funds eaarked by the trustees for particular future project or ommilment. Restrided funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal. and fall into one of Iwo sub-classes.. restricted income fvnds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated wilh the transaction will ftow lo the Gharity and the amounl can be reliably measured. The following speclfic policles are applied to particular categories of income- incomo from donations or grants is racognigad when thorg is gvidenrg of onlilloment to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which Case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and setvices are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised wtlh the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned rf unspent. in which case it rnay be regarded as restricted. 17
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2024 Accounting policies (conlinuedj Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include5 any VAT which cannot be fully recovered. and ts classified under headings of the statement of financial actwities to which it relatss: expenditure on raising Yunos includes the ots of all fundraising activilies, events, non-charitable trading actNttres, and ttr sale of donated goods. expenditure on charitable activities indudes all wsts incurred by a charity in undertaking acb'vities Ihat fvrther its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that ts neither related to raising funds for the charity nor part of its expendtture on charitsble activities. All costs are allocated to expenditure categories refleding the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between Ihe acllvilles they conlTibute lo on a reasonable. ju51tfjable and Gon5i5tent ba515. Tangible assets Tangible assets are initially recorded at cost. arKI subsequently stated at cost less any accumulaled depreciation and impairnent losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless tt reverses a charge for impaiment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation. is recognised in other recconised gains and losses. except to which it offsets any previous revaluation gain. in which case the loss is shown within olher recognised gains and losses on the statement of financial actNities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over Ihe useful economic life of that asset as follows: Fixtures and fittings Motor vehicles Equipment Computer assets 25% straight line 250/0 Straight line 25Yo Straight line 33% straight line 18
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 Accounting pollcles (continu•d) Impairnient of fixed assets A review for indicators of impairment is Caled out at eath reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for Possible reversal at each reporting date. For the purposes of impairment tesling, when it is not possible to estimate Ihe recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit Is Ihe smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwll acquired in a business combination is, from the acquisition dale. allocated to each of the cash-generating units Ihal are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those unts. Financial instruments A financial asset or a financial liabilty is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially regftised at the amount re1vable or payable induding any related transaction costs. Current assets arbd cuerrt liabilrti'es are subsequenuy measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cosL Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investrnent is subsequently measured at fair value with changes in fair value recognised in income and expenditure. Ml other such inveslments are subsequenlly measured at cost less impairment. Olher financial instruments. including derivatives. are initially recognised at fair value, unless payment for an asset 15 deferred beyond norn1 business temis or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objectrve evidence of impaimient, an impaim)ent loss Fs recconised under the appropriate heading in the slatement of financial activities in which the initial gain was recognised. 19
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (conlinu8dJ Year ended 31 March 2024 Accounting policies (conunuedj Financial instruments (conlinued) For all equty instruments regardless of si9nffican. and other financk81 assets that are individually signfficant, these are assessed individually for impairment. Other financial assets are either assessed indiwdually or grouped on the basis of similar credit risk characteristics. Any reversals of impairnient are recognised immediately, to the extent that the reversal does not result in a carwng amount of the financial asset that exceeds what the carying amount would have been had Ihe impairment not previously been recognised. Deflned contribution plans Contribulions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exlent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be setued wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in tho period in which il aris95. Limited by guarantee Each of the members of the company has guaranteed to contribute to the assets of the company in the event of the same being would up to the extent of £1. Donatlons and legacles Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Rent-in-Kind Donations 23.575 23.575 33.000 180 33.000 180 23.575 23.575 33.180 33.180 20
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (RI1Odj Year ended 31 March 2024 Charltable activities Unrestricted Funds Restricted Total Funds Funds 2024 76.000 76,000 58,875 15,615 54,016 29,210 20,000 606 Belfast HSCT Rank Foundation ScooterlWh8alchair Hiro South Eastern HSCT Garfield Weston Sundry Income 58,875 15,615 54,016 29,210 20,000 606 162,707 91,615 254,322 Unrestricted Funds Restricted Total Funds Funds 2023 Dll Belfast HSCT Rank Foundation JCOOterWheelGhair Hire South Eastern HSCT Garffeld Weston Sundry Income 86.450 86,450 56,862 20,000 67,363 44,203 56,862 20.000 87,363 44,203 125 125 168,553 106,450 275.003 Expendlture on charitable activities by fund type Unrestricted Funds Restrided Total Funds Funds 2024 Provision of mobility aids Support Costs 31.202 86,561 201.386 28,095 232.588 114.656 117,763 229.481 347,244 Unrestricted Funds Restricted Total Funds Funds 2023 Provision of mobilty aids Support costs 23.739 120.130 170,968 17.126 194.707 137.256 143.869 188,094 331,963 21
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (continu8d) Year ended 31 March 2024 Analysis of support costs Analysis of support costs Total 2024 Total 2023 Premises General office Governance costs Light & heat Repairs & Maintenance Insurance Telephone 52,266 4,323 27,379 1.954 4.332 16,975 7,427 52,266 4,323 27,379 1,954 4,332 16,975 7.427 51.569 5,512 34.877 5,815 6,386 15.857 17,240 114.656 114.656 137,256 Net expenditure Ngt exponditure i8 stated after chargingl{crgditing): 2024 2023 Depreciation of tangible fixed assets 837 2.290 10. Auditors remuneration 2024 2023 Fees payable for the audtt of the financial ststements 6.993 6,678 11. Staff costs The total staff costs and employee beneffts for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 198.156 12,874 4,184 156,211 10,400 3,022 215.214 169,633 The average head count of employees during the year was 8 (2023: 6). No employee reiVed employee beneffts of more than £60.000 during the year (2023: Nil). 22
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Ststements {nI•e) Year ended 31 March 2024 11. Staff costs (continued) Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £118.512 {2023.'£141.931). 1Z. Trustee remunerallon and expenses The charity trustees were not pawj or reGeNed any other benefits from employment with the Charity in the year {2023'. £01. No trustees were paid during the year for travel expenses in relation to roles with the Charity {2023'. Nil). No trustee inCued expenses in relation to their role as Trustee of the Chartly (2023-. Nil). 13. Tangible fixed assets Fixtures and ffttings Motor Computer vehicles Equipment Equipment Total Cost At 1 April 2023 Addttions 19.521 56.830 134.835 10,193 210 221.379 210 At 31 March 2024 19.521 56.830 134.835 10,403 221,589 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 19.521 56.830 133.347 743 10,058 94 219,756 837 19.521 56.830 134,090 10,152 220,593 Carrying amount At 31 March 2024 745 251 996 At 31 March 2023 1,488 135 1.623 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 20,123 3.436 10,306 2,301 33,560 33,865 35,861 23
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Ststements (wjtinued) Year ended 31 March 2024 15. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes 15,448 19,393 29,565 8,492 14.454 6,215 64.406 29.161 16. Deferred income 2024 2023 At 1 April 2023 Amount released to income Amount deferred in year At 31 March 2024 4,739 (4,7391 7,738 4,559 14.559) 4,739 7,738 4,739 17. Pensions and other post retirement beneffts Defined contribution plans The amount recognised in income or expenditure as an expense in relatbon to deffined contribution plans was £4.184 (2023: £3.022). 18. Analysis of charitable funds Unrestricted funds At 1 April 2023 At 31 MaTGh 2024 Income Expenditure Transfers General funds 76,830 186,282 (117.763) (120.945) 24,404 At 31 MaiGh 202 At 1 April 2022 Income Expenditure Transfers General funds 120.610 201,733 (143,869) (101,6441 76.830
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2024 18. Analysis of charitable funds (eonlinu•d) Restricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers Santander DFI- Bangor DFI- Connswater DFI- Gresham Street DFI- Weslgale House Rank Foundation 3,985 13,9851 24.223 23,275 28,502 15.615 (48.0451 (52,6001 (100,285) (28.5511 (229.481) 23.822 29,325 71.783 20,000 7,064 23,985 91,615 120,945 7.064 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers Santander DFI- Bangor DFI- Connswater DFI- Gresham Street DFI- Westgate House Rank Foundation 3.985 3.985 10,450 24.225 23.275 28,500 20.000 (14,868) (46.5951 (51,419) (75.212) 4.418 22.370 28,144 46,712 20.000 3.985 106.450 (188,094} 101,644 23.985 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 996 87,814 (64.406) 24.404 996 g4,878 (64,406) 31,468 7,064 7.064 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Credltors less than 1 year Net assets 1,623 104,368 (28.363) 77,628 1,623 128.353 (29,161) 100,815 23,985 (798) 23,187 25
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements {¢onfrnued) Year ended 31 March 2024 20. Ethical standards In wmmon with many other businesses of our size and nature we use our auditors to prepare and submit retums to the tax authorities and assist with the preparation of the financial statements. 21. Contingencles Grant funding." A contingent liabilty exists to repay grants reiVed should certain conditions not be fijlfilled by the charity. In the opinion of the Trustees. the temis of the Letters of Offer have been. or will be. complied with and no liability is expected. 22. Related partles No transactions took place wtth related parties during the year that have not been disclosed in Note 12. 23. Going concem The trustees, having careful consideration and review of cashflow and budget forecasts, have determined that these financial statements are prepared on a going concem basis. 26