Shopmobility Belfast Limited Company Limiled by Guarantee Statement of Flnanclal Actlvltles (including income and expenditure account) Year ended 31 March 2025 2025 2024 DFI Restricted funds unStrICted funds Restricted funds Total funds Total fvnds Note Income Donations and legacies Charitable activilies Other trading activities Total income 15,000 153,765 2,000 15,000 273,181 2,000 23,575 254,322 89,194 30,222 170,765 89,194 119,416 290.181 277,897 Expenditure Expenditure on charitable activities Total •xpondltur• (208.827) (208,827) (89,194) (89,194) (33,174) (331,195) (347,244) (33,174> (331,195) (347.244) Net expendlture (38,062) (2,952) (41.014) (69.347) Transfers between funds 995 (995) Not mov•m•nt In funds (37,067) {3,947) (41.014) (69.347) R•¢on¢lllation of funds Total funds broughl lorward Totsl funds carried forward 24,404 7,064 31.468 100.815 (12.663) 3,117 (9,546) 31.468 The statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities. Tho not•s on pag•8 16 to 26 forni part ol Ihe8e financlal $t•tomonts. 14
Shopmobility Belfast Limlted Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 14 15,253 996 Current assets Debtors Cash at bank and in hand 15 18,744 18,176 33,865 61.013 36,920 94.878 Creditors: amounts falling due withln one yèar N8t current Ilabllltle8 16 (61,719) (24,799) (9,546) (9,546) (64.406) 30,472 Total assets less curr•nt Ilabiliti•s 31,468 31,468 Net Ilablllties Funds of the charlty Restricled funds Unrestricted furKIs 3,117 (12,663) (9,546) 7,064 24,404 31,468 Total charlty lund8 19 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 trustees and authorised for issue on 14 August 2025. and are signed on behalf of the board by: J Walsh (Chairperson) Trustee The notes on pagos 16 to 26 fomi part of these financlal slatements. 15
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Flnancial Statements Year ended 31 March 2025 General information The charity is a public benefrt entity and a private company 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 financial statements have been prepared in compliance with FRS 102. The Financial 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 RepubliG of Ireland {FRS 102) (Charities. SORP IFRS 102)) and the Charities Act {Northern Ireland) 2008. The charity meets the definition of a public benefit entity under FRS 102. Accounlln9 policies Basls of pr•paratlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value Ihrough income or expenditure. The financial statements are prepared In sterling, whlch Is the functional currency of the entty. Golng concern As at 31 March 2025, the charivs unrestricted reserves were in deficit of £12,663. which indicate5 the existence of a material uncertalnty whlch may cast signficiant doubt about th8 company's ability to continue as a going concern. 018clo8ure •x•mptlon$ The charity has taken advantage of the exemption in SORP 2015 from the requirement to produce a cash flow statement because It Is a small charfty. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the 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. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchangè rate ruling at the reporting date. with any gains or losses being taken to the statement of financial activities. 16
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financlal Statements {continued) Year ended 31 March 2025 Accountlng policies (contlnued) Fund accountlng Unrestrlcted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on Iheir expendilure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming r•sourc•s All incoming resources are included in the statement of financial activities when entltlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applled to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlemenl is estsblished. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case Ihe value is derived from the cost to the donor or the estirnated resale value. Donated facllltles and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of serwices is recognised wilh the dellvery of the contracted service. This is classified as unrestricted funds unless Ihere is a contractual requirement for it lo be spent on a particular purpose and returned if unspent. in which case it may be re9arded as restricted. 17
Shopmobility Belfast Limited Company Llmited by Guarantee Notès to the Flnanclal Statements (contlnu•dJ Year ended 31 March 2025 Accounting policios (continueaT) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial activities to which it r8lates: expendrture on raising funds includes the costs of all fundraising activities, events. non-charilable trading actlvities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitsble aims lor the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportloned to charitable activiti89. olher expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitsble activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible 88sets are initially recorded at cost, and subsequently ststed at cost less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognlsed In other recognised gains and losses, unless il reverses a charge for impairrnent that has previously been recognised as expenditure within the statement of financial activilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statemenl of financial activities. Depreclation Depreciation is calculated so as to write off the cost or valuatlon of an asset, less its residual value, over the useful economic life of that asset as follows- Long leasehold propety Fixtures and fittings Motor vehicles Equipment Computer assets 40 /0 Straight line 250/0 Straight line 250A straight line 25¥0 Straight line 33% straight line 18
Shopmobllity Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies l¢ontlnued) Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where suGh indicators 8XiSt. Where the carying 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 testing, wn It Is not possible to estimate the recoverable amount of an individual asset, an estimate Is made of the recoverable amount of Ihe cash-generating unit to which the asset belongs. The cash-generaling unit is the smallest Identifiable group of assets that includes the asset and generates cash inflows that larg81y independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of Ihe Gash.generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal In8lruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provislons of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction cosls. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost, Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairmenl. Other financial instruments, including derivatives, are initlally recognised at fair value, unless payment for an asset is deferred beyond normal business terms 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 instrument5 in a designated hedging relationship. Financial assets that are meaSUd at cost or amortised cost are reviewed for obj'ective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 19
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Flnancial Statements (contlnu•dJ Year ended 31 March 2025 Accounting pollcles (¢onllftuod) Flnanclal Instruments (¢oft¢lnuod) For all equity instruments regardless of significance. and other financlal assets that are individually significant, these are assessed individually for impairment. Other financial assets a either assessed individually or grouped on the basis of similar credit rlsk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbution plans Contributions to defined contribution plans are recognised as an expense in the perlod in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reportlng date in which the employees render the related service, the liability is measured on a discounted present value basls. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee Each of the members of the company has guaranteed to c¢)nlribute to the assets of the company in the event of the same being would up to the extent of £1. Donatlons and legaclo8 Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Donatlon8 Rent-in-Kind 15,000 15,000 23.575 23.575 Charltable actlvltles Unrestrlcted Funds Restricted Total Funds Funds 2025 Dfl Belfast HSCT Rank Foundation Scooterlwheelchair Hire South Eastem HSCT Garfield Weston Sundry Income 89,194 89,194 63,012 30,222 54,430 33,093 63,012 30,222 54.430 33,093 3.230 153,765 3,230 119.416 273.181 20
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financlal Statements (¢ontlnu•d) Year ended 31 March 2025 Charltable actlvlties (contlnu•d) Unrestricted Funds Restricted Total Funds Funds 2024 Dfl Belfast HSCT Rank Foundation Scoolertwheelchair Hire South Easlem HSCT Garfield Weston Sundry Income 76.000 76,000 58,875 15,615 54,016 29,210 20.000 606 58.875 15.615 54.016 29.210 20,000 606 162.707 91,615 254,322 Other tradlng actlvltle• Unreslricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Sponsorships 2,000 2,000 Exp•ndlturo on charttable actlvltl•• by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Provision of mobility aids Support costs 193,111 15.716 49,413 72,955 242,524 88.671 208,827 122,368 331.195 Unrestricted Funds Reslricted 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 21
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Analysis of support costs Analysis of support costs Total 2025 Total 2024 Premises General office G0Veman costs Light & heat Repairs & Maintenance Insurance Telephone 29,959 4,277 19,775 4,568 7,553 16,434 6,105 88,671 29,959 4,277 19.775 4.568 7.553 16.434 6,105 88.671 52.266 4,323 27.379 1,954 4,332 16,975 7.427 114,656 10. Net expendlture Net expenditure is stated after charglng1(crediting)'. 2025 2024 Depreciation of tangible fixed assets Foreign exchange differences 2.549 60 837 11, Audltors romunoration 2025 2024 Fees payable for the audlt of Ihe flnanclal stslements 6,013 6,993 12. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 205.803 14.586 4.686 198,156 12,874 4,184 215,214 225.075 The average head counl of employees during the year was 7 (2024.. 8). The average number of full-time equivalent employees during the year is analysed as follows.. 2025 2024 Number of stsff No employee received employee benefits of more than £60,000 during the year (2024: Nil). Key Management Personnel
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Financial Statements (¢onllnu•d) Year ended 31 March 2025 12. Staff costs (contlnu•d) Key management personnel include all persons that have authority and responsibility for planning. directing and controlling the aclivities of the charity. The total compensation paid to key management personnel for seNices provided to the charity was £118,51212024..£118,512). 13. Truste• remuneration and expenses The charity trustees were not paid or received any other benefits from employment wilh the Charity in the year {2024- £0). No trustees were paid during the year for travel expenses in relation to roles with the Charity (2024.. Nil). No trustee incurred expenses in relation to their role as Trustee of the Charity (2024: Nil). 14. Tangible fixed assets Long leasehold Fixtures and property fittings Motor Computer vehicles Equipment Equipment Total Cost At 1 Apr 2024 Addillons 19.521 56,830 134,835 10,403 995 221,589 16,806 238,395 15,811 15,811 At 31 Mar 2025 19,521 56.830 134.835 11,398 Depreclatlon At l Apr 2024 Charge for the year At 31 Mar 2025 19,521 56.830 134.090 10,152 220,593 1.454 745 350 2,549 1.454 19.521 56.830 134.835 10,502 223,142 Carrylng amount At 31 Mar 2025 14,357 896 15,253 At 31 Mar 2024 745 251 996 15. Debtors 2025 2024 Trade debtors Prepaymenls and accrued income Other debtors 9,010 1,117 8,617 20,123 3,436 10,306 18,744 33,865 23
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Flnanclal Statements (contlnu•d) Year ended 31 March 2025 16. Credltors: amounts falllng du• within one y•ar 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes 14,259 17,944 29,516 61,719 15,448 19.393 29.565 64,406 17. Deferred Income 2025 2024 At 1 April 2024 Amounl released to income Amount deferred in year At 31 March 2025 7,738 {7.738) 5,180 4.739 (4.739) 7.738 5.180 7.738 18. Pen81on8 and other po8t retlroment beneflts Deflned conlrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plan5 was £4,686 (2024: £4.184). 19. Analysls of charitable funds Unrestricted funds At 1 April 2024 A131 Transfers March 2025 Income Expenditure General funds 24,404 170.765 1208.827) 995 (12,663) At 1 April 2023 At31 Transfers March 2024 Income Expenditure General funds 76,830 186,282 1117,763) {120.945) 24,404 24
Shopmobility Belfast Limited Company Limited by Guarantee Notes to the Flnanclal Statements {¢ontlnu•d) Year ended 31 March 2025 19. Analysis of charltsble funds (continued) Restricted funds At 1 April 2024 At31 Transfers March 2025 Income Expenditure Santander DFI- ConnswaterlEast Belfasl DFI- Gresham Street DFI- Westgale House Rank Foundation DFI - Great Northern Mall DFI - Rosemary street DFI - Smithfield Mathet 25,264 (25.264) 21,953 30,222 {21,953> {33.174} 7.064 (995) 3.117 17,691 17,956 6,330 {17.691) (17,956) {6,330) (122.368) 7,064 119,416 (995) 3,117 At 1 April 2023 At31 Transfers March 2024 Income Expenditure Santander DFI- Connswater DFI- Gresham Street DFI- Westgate House Rank Foundation DFI - Great Northem Mall DFI - Rosemary street DFI - Smithfield Mart(et 3,985 (3,985) 23,822 29,325 71,783 24,223 23,275 28,502 15,615 (48,045) (52,600) (100,285) (28,551) 20,000 7,064 23,985 91,615 (229.481) 120,945 7,064 25
Shopmobility Belfast Limited Company Limlted by Guarantee Notes to the Flnancial Statements (Continued) Year ended 31 March 2025 20. Analysls of net a$set8 between funds Unrestricted Funds Reslricted Total Fund8 Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net liablllties 15,253 33,803 (61.719) (12.663) 15.253 36.920 (81,719) (9,546) 3,117 3.117 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assels Creditors less than 1 year Not Ilabllltles 996 87.814 (64.406) 24.404 996 94,878 (64.406) 31.468 7,064 7.064 21. Taxatlon The Company is a registered charity, and as such is entitled to tax exemptions on income ar profits in furtherance of the charity's primary objectives. 22. Contingonci•s Grant fundlng.. A contingent liability exists to repay grants received should certain conditions not be fulfilled 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. 23. Relatod partles During the year £1.000 was paid to Ryan Guilar, the son of the director of Ihe Gharity in relation to work done on the charity's website. No amounts were outslanding in relation lo this transaction at Ihe year end. No other transactions twk place with related parties during the year that have nol been disclosed in Note 13. 24. Ethlcal Standards In common wilh 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 ststements. 26