Registered number. 02663550 Charity number: 1008897 EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 *AAJXGiKB' 2111212021 COMPANIES IIOVSE
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EAST ANGLIAN DRIVEABILITY UMITED IA company limited by guarantee) cONTE1s Page Refer•nc• and administrative details of the Company. its Trustees and advise Trustees. report Independent •xamin•r's r•port Statement of financial activities Balance sheet 9-10 Statement of $h flows Notes to the financial statements 12-27
EAST ANGLIAN DRIVEABILITY LIMITED IA Company limited by guarantee) REFERENCE AND ADMINISTPATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Mrs H Dolphin, MBE Mrs O K HO$ lapwnted 1 Aplll 2020. resioned 6 January 20211 Mr C D Wright M5 M Hammerton Mr J RaingS Mrs A Hayes Mrs L Bity8rd Mr J Grrffith Mr P Short Ms M Hammerton Company registered number 02663550 Charity registered number 1 CQ8897 Registered office 2 Naper Place Therford Nr01k IP24 3RL Company $gcr8tary Mr C D Wright Accountants L*king Gowen LLP Chartered Accountant$ King Street Hou 15 Upoer King stet Norwch NR3 1RB 8ankers Barclays Bank Ple Bank Plain NOl¢h Norfolk NR24SF Page 1
EAST ANGLIAN DRIVEABILITY LIMITED IA company limrted by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Truslees present thwr annual retKJrt together w.rth Ihe financial statements of the c¢panY for the year 01 April 2020 to 31 March 2021. The Annual rerKJrt serves the purp(6es of both a Trustees. report and a directors, report under company law. The Trustees confirm that the Annual rewrt and financial atements of the charitable company comply wth the current stalulory requirements. the wuirements of the charitable company's governiro d(tument and the provigons of the Statemenl of Recommended Practi ISORPI applicable lo charitie5 wepaiino their ac(Dunts in accoidance with the Financkil Rewbng Standa¥d appliGable in the UK and Republic of Ireland IFRS1021. Since the Company qualifies as sm811 uThJer secti(ffi of the Cunpanies Act 2, the Strategic rewrt required of meth'um and large CoMpanS under the Companies Act 20C6 {Slrategic Report and Directors, Report) Regulations 2013 has been itted. Oblectlves and Attivities . KEY PERFORMANCE INDICATORS Targets for 2020121 wece to conduct 12 assessments. but the aclual number conducted was 583 This was a direct Tesutt of the centre closure follong govemmenl guidelines for the Covid 19 Pandemic. First assesgnenls We conducted on 6th Juty but in a reduced number lo ensure the proce&% was Covid compliant. Many outreaches were unable to OFen aryj this also impaded on assessment numbers. Fortunately, as of November 2021 all outre¥hes are now open although some running less frequently than previously. The Drr have been supportive and whilst there has been a cl&vbad£ of £173,859 this will be recovered from quarters 3 and 4 of 2021122, wth provision lo negotiate further inslallmenls rf il proves financially detrimental. Wailing limes for assessments initially increased significantly and is cUentlY arjnd 1 12 weeks but has now settled to a 6 we average Ihrcxjghout EAD. In order to prionb.se the asnenIs and try lo reduce the wailing times the tuition Serv has been temwanly su¥ended. Referral nwnbers are constant there is an expeclalion by the Dff, our funders, that gro¥h will continue once we are out of the pandemic. The consistency of referrals is attributed to the ¢onlinualion of processing applications and referrals throughout all lockdowns and maintainirvJ contact with our clients and referrers. Through 2020121 Servi promokn.on was deliver8J virtually ith a short film beiro made of the assessment pro$ which can be used for presentakn"ons. The Regional Transport Hub has been used thh(YJt the 2021 Icthjo1 proved pcpular. There is a current bid fLY permanent funding being considered in quarter 3 of 2021. b. POLICIES AND OBJECTIVES The Trustees confirm that. in exercising Iheir pmrs and dulres. they have conwlied with their duty to have due regard to the guidance on public benefit published by the Charty commisOn. The principal object of the Company is lo act as a facilitating agent for the provigon of a wide rge of health and gxial Servi$. The Charity's objectives are lo provide PrOfeonal assessment. advi and recommendations lo disabled people regarding intspendent OLrtdooT mokn"lity. irrespective of bvhether they are children, in mid4ife or elderly people. Whi15t there is particular emphass on driving, advice 15 also available on all olher forms of outdoor mobility including electric moLNlIty vehicles. The Charity also aims to promote the preserVatn and protection of good health among pernS in the United Kin9Jom. Through the ¥hievement of these objectsves the charity provides a public benefrt. Page 2
EAST ANGLIAN DRIVEA8ILITY LIMITED (A company limlted by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achievements and perfomiance a. REVIEWOF ACTIVITIES East Anglian DriveAbility has been limrted this year in the seNices that it has been ae to offer due lo the Covid 19 pandemic. There has b*n a duced amount of outreach seryices. bul it Is hoped that 2021 will see them all re-open. Outreaches are currently running in.. Spalding. Lincolnshire.. PetertK•rough, Cambridgeshire.. Kings Lynn and Norwich, Norfolk and Cokhesler and Chelmsford, Essex. Campsea Ashe reopened in June 2021 and the Loweslofl treach moved to a more suitable Covid secure venue in Bungay wth the first assessments conducted in November 2021. Assessment processes and prccedures lo change slightly to become Covid compliant by reducing the amount of client contsct time. enhanced deaning of vehides and premises and ensuring PPE was available for In order lo try arKJ redu the watting list which is higher is some area5 than others the outreaches are beirrfJ used flexibly by increasing operating days al some and rethJ¢ing al others. Driving a5se55ments cornprised 89% of the lotsl number of asse55men15, review driviNJ as8essmenls 7%, passenger assessments 3% and wheelchairs arKI Scooters under 1.14. Children5' car seating assessments are included within the passenger assessments. Proportionally this is the same as la51 year. b. INVESTMENT POUCY AND PERFORMANCE The Trustees again obtained indeFEndent finanaal a(fvi regarding the reinvestment of surplus funds and decided to reinvest in smilar FTSE 100 Kid(-ouI plans". a separate plan leach originally £55,000> maluEs each year. Financial r•view a. GOING CONCERN 11 is likely that the 2021122 financial year wll continue to be impacted by the Covid 19 pantsmic. 11 is hoped that following resumption of assesgments on 12 April 2021 there w411 no subwuent Closures. During previous lockdowns a skeleton staff kepl from home answering telephone enquiries. pro$ng referrals keeping in touch wlh clien15 who wartirKJ for assessments and putting in place policies, procedures and PPE to ensure the charity would be able to provide Covid Secure assessments as the easing of reslri¢tions allowed. This has meanl that referral sources have remained and there is a steady stream of assessments. There are no staff curtenuy on furbugh and all but one of the outreach servicÈs are now open. have remained supwrlive and although assessment targets were not reached in 2020r21 they have been pragmatic in their approach to dayknack of furKls which wll be finalised in quarter three and four this year, bul wll lake into account costs inrTed that could not be avoKled during l¢xk¢J)wns. Current circumstances make it difficum lo produce forecasts for the remainder of the financial year and medium term, nevertheless, the Iruslees have considered the current financial strength of the charity al the continued support of the Department for Transport. If there are no further lockik)wns It is cOndered that the targets sel for last year could be mel this year The trustees have Concluded that they have a reasonable expectation that the chanty wll have adequate resources to conlinue in 0rational existence for Ihe foreseeable future. and al least hveSve months from the dale of signing these financial stalemenls. They therefore ntinue lo adopt the going concem basis of accounting in preparing these financial statements. Page 3
EAST ANGUAN DRIVEABILITY LIMITED (A company Ilmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Financial roview (Continued) b. RESERVES POLICY General funds of the Charity al 31 March 2021 amounted lo £356,982 {2020." £353,772) which includes free funds (which excludes tangible fixed assets) of £256,89912020.. £225. IS91. Thi5 sum has arisen from prudent investment of surpluses when these occurred. The reserve5 are hdd to ynooth the flow of monie5 from one year lo another, lo wovide resources for training needs. aTrJ as a means of financing the cost of administration of the Charity. The Trustees feel that it is pyudent for them lo tsIn reserves sufficient to cover six months of running costs and p0sble redundancy costs were the Charity ever to have to cease. The Trustees congder the Charty has adequate reserves. East Anglian Driveability are grateful for the CtInUed support from the Department for Transport {Dff}. In addition lo general unrestricted funding of £442,266, additional furKling of £50,000 was received to run a pilot Regional Transport Hub vthich has reached over iThJividuals. over 100 organisalions and 108 members of the public h•J completed irtilial questionnaires providing infomation on the benefits of the scheme for Dff. Included within Ihese figures is a clawback on Drr fuTrJing of £173,849 In respect of under5pend5 as a resutt of the pandemic. The Trustees are prepared to expend from the General reserve if they feel that a gwd case has been made for dng so. The Trustees wll review the policy annualty. Structure, governance and manaoement . CONSTITUTION The Company is regslered as a charilable company limited by guaranlee was set up by a Memorandum of Associabon on 18th November 1991 and regISted as a charity on 27 February 1992. b. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Charity is controlled by ils Trustees_ Under Ihe company's Arbcle of A$slatiOn. the Trustees are admitted in accordance with the rules mack uThJer Artide 38, arKI must approved by the Trusiees. The Trustees are appointed by election on a predefined rotational basis The Trustees who served during the year and up lo the de of this report are set out on page 1. Additional arKJ replaC)ent Trustees are sort through advertisemenl and invitation by staff and existing Truslees lo apply for the position. All new Trustees are voted on during IheAGM. Trustees are given an Induction manual and o¥eNiew of the organisalion. IndtIOn includes background lo mobility nIreS and the wod( of our umbcella organisab.on Driving Mobility, liabil1ts.es of Trustees, guidance on the role of Trustees (taken from advice issued by Bates Wells and Brailhwailhe 2(X)41, mcmlel job descriptsons for Chair, Company Secretary and Tieasurer, model job descripb'on for a Trustee of the Charity. model code of conduct for Truees. Memorandum and Ariicles of Ass(tialion for EAD and Policy on t)eclarabons ol Interest. Trustee5 are invited lo visit the assessment centre and either experience an assessment or sil in on an asse&8ment with pemiission of the dient embers of the charitable company guarantee lo contribute an amount not exceeding £1 lo the a&8els of the charitsbk company in the event of wn(ng up. The totsl numtr of such guarantees at 31 March 2021 was 7. Page 4
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Structure. governance and management (continued) c. RISK MANAGEMENT The Trustees have assessed the major risks to which the Company is exposed. in partieular those related to the operab'ons and finances of the Company. and are satisfied that wslems and procedures are in pla to mitigate our exposure lo the major risks Plans for future pèriods To irKrease Ihe SCOFe of our children's services on offer by extending our marketing in this area. To reduce wailing times by engjring eancelaticns are fil in a timety manner. Expkn opening an outreach cÈntre in the caMbre ea to reduce travel lime for clients. redu wailing list and comply with aims. To secure permanent funding fcf the RegKinal Tranwrt Hub. To reinstate the drNing tuitK>n service once the wailing list for assesynents has been a(hJressed. To successfully make the change lo the ne4V system thich is teing inlr(Kluced by Drwiw Mobility and funded by the DfT. stst•ment of Trustees. r•sponsibilities The Trustees (who are also the direct¢ys of the Cp?Y for the purposes of company lawl are responsible for preparin9 the Trusteeg report and the financial statements in accordance with applicable law and Unite KIn10M Accounting Slandards (Unrted Kin9Jom Generally Accepted Accountr"ry Practice). Company law requires the Trustees to prepare fina91 statements for each financial . Under company law. the Trustees must not approve the financol stalements unless they are satisfied thal they give a true and fair view of Ihe stale of affairs of the Company and of 115 incoming resources and application of reSoUrs, including it5 income and expendtture, that period. In preparing these fina101 statements. the Trustees are required lo". select suilable accoun"ng poliaes then apth them ConSten.. observe the methIS and principles of the Charib'es SORP IFRS 1021 make judgments and accounling estimates Ihal are reasDnable and prudent". stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disckjsed and expLained in the financial slalemenl5", prepare the financial siatements on the going concern bas.s UnSS it is inapwopnale to presJJme Ihat the Ccnpany wll conlinue in busness. The Trustees are responsible for keeping adequate ac£ountiThJ fecords that are ¥jfflent lo show and explain the C¢)mpany's transactions &)d disclose with reasonable accuracy al any lime the linancial position of the Company and enable them to ensu that Ihe financial statements eomply with the C(*mpanies Act 2006 They are also responsible lor safeguarding Ihe assets of the Ccxnpany and hen for taking reasonable steps lor the prevention and detection of fraj and other irregularities. Page 5
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Approved by order of the membets of the ard of Trustees and signed on their behalf by: Mr$ H Dolphin, MBE Chair Paoe 6
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) INDEPENOEMf EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independent examinerfs report to the Trustees of East Anglian Driveability Lirnited Ilhe Company'l I report to the charity Trustees on my examinab.on of the aCLounls of the Cclnpany for the year ended 31 March 2021. Responsibilitles and basis of report As the Trustees of the Company (and its directors for the putp)ses of c(Mnpany law} you are re¥)cfftsible for the preparation of the accounts in accordance with the requirements of the Cc(npanies Act 20C6 ('Ihe 20(MS Acl'l. Having satisfied rnyself that the acccAJnts of the Company are not required to be audited under Part 16 of the 2006 and are eligible for independent examination. I report in respect of my examinats.on of the Company's accounts carried out uThJer Secti 145 of the Charities Ad 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Chanty C(xnmisson under Section 1451Sllbl of the 2011 Act. Independent examinerfs statement Since the Crjmpany's gr¢)ss income exceeded £250.C(JO your examiner must be a member of a b¢>Jy listed in section 145 of the 2011 Acl. I confirm that l am qualified to undertake Ihe examination because l am a member of The Institute of Chwtered ACjntants in ENJlaThJ and Wales, ¥4thich is one of the listed blIeS. I have completed my examination. I confim that no Matte have come lo my attention in COnnlI0n wlh the examination giving me cause to believe. accounting records wère not kept in respect of the Ccrfnpany as required by section 386 of the 2006 Act,. or the accounts do not accord vAth Ih05e records". or the accounts do not comply wth the accounting requirements of section 3% of the 2006 Act other than any requirement that the accounts give a Yrue and fairf view is not a matter considered as part of an independent examinalion.. or the accounts have not been prepared in aeeord8nce with the melh¢xls and prinuples of the Statement of Recommended Pfaclice accounting and rep)rting by charities appliCae lo charities preparing their accounts in accordance th the Financkal ReFxliThJ Standard applicatAe in the UK and Republic of Ireland IFRS 1021 I have no concems and have Crne auos5 1)0 other matters in connection wlh the examinth'on lo which attention should be drawn in this report in order to enae a proper uTrJetstanding of the accounts lo be reached. This report is m solely to the C(Mnpany's Truslees. as a body. in acwdance with Part 4 of the Charities (Accounts and Reports) Regjlalions 2008. My work has been undertaken so that I might state lo the Company's Trustees those mallers l am required lo slate lo them in an Independent examiners report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responbIlIty to anyone other than the Company and the Company's T¥uslees as a bo(ty, for my rk or for this Teport. Signed.. Christopher Yeales FCA OChA Larking Goihen LLP Chartered Accounlanls Norwch 22 Dember 2021 Page 7
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guaranteol STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXpENDuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Unrestrict¢d funds 2021 Restrict lunds 2021 Total funds 2021 Tolai funds 2020 Note Incomo from: Donations and legacies Charitable tIVitIeS Investments Other income 637.343 61.537 626 250 687.343 61.537 626 646.636 146, 768 250 Total income 699.756 50.000 749.756 794,393 Expendituro on- Charitable xtivitres 706.834 33.035 739.869 846.263 Total expenditure 706.834 33.035 739.869 846,263 Nel gainslllossesl on investments 10,288 10,288 (2.9841 Not movèment in funds Reconciliation of funds- Total funds brought foThvard Nel movement in funds 3.210 16.965 20,175 (54,854J 353,772 3,210 14.967 16,965 368,739 20,175 423.593 (54,854) Total funds ¢arri•d forward 356,982 31.932 388,914 368, 739 The Statemenl of finanual aclivilw indudes all gains and ISSeS recognised in the year. The notes on pages 12 to 27 form part of these ffinan¢o1 statement Page 8
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) REGISTEREO NUMBER: 026635S0 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Fixed assets Tangible assets Investments 10 100.083 159,686 t28,6t3 149,399 259.769 278,012 Current assels Debtors Cash at bank and in hand 12 35.824 274.093 32624 99,232 309.917 131,856 Credrtors amounts falling due wlhin one year 13 1180.7721 (41.1291 Net current assets 129,145 90.727 Total not assets 388.914 368. 739 Charity funds Restricted funds Unre51ricled funds 14 31,932 356.982 14,967 353, 772 14 Total funds 388.914 368, 739 Page 9
EAST ANGLIAN DRIVEABILITY LIMITED IA Company limited by guarantee) REGISTERED NUMBER: 02663550 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2021 The Company was entitled to exemption from aud"1 ule[ S110 477 of the CcfflpanEs Acl 20(E. The members have not required the company to obtain an audit for the year in question in accordance with secb.on 476 of Cc¥npanies Act 2006. The Twslees ackno¥edge their responsit4lities for comptying the requirements of the Act wlh respect to accounb'ng records and prepacalion of financial statements. The financial slatements have been prepared in accordan wth the provisions applicatle lo entitie5 subj'ect lo the small companies regime. The financh81 statements were apwjved and authon.sed for issue by the Truslees and signed on their behalf by.. Mrs H Dolphin, M8E Chair Dale.. Ii/i>ipI The notes on pages 12 10 27 fomi part of these financHI statements. Paoe 10
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Cash flows from operating a¢ti¥ities Net cath used in operalino activities 176.586 11,975 Cash flows from investing activities Purchase of larrfJible fixed assets {1.7251 (38.253) Net ¢ash used in investlng actlvlt6es (1.7251 (38,2531 Change in cash and cash equivalents in theyear Cash and eash equwalents at the beginning of the year 174.861 (26.278 99,232 725,510 Cash and cash equivalents at the end of the year 274.093 99,232 The teS on pages"12 to 27 fonn part of these financial statements Page11
EAST ANGLIAN DRIVEABILITY LIMITED IA company l¢mited by ouarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General information East Anglian Driveability is a charitable company limited by guarantee, charity number 1008897 and ccnpany number 02663550. The regislered office 15 2 Naer Place. Theiford. Norfolk. IP24 3RL Accounting policies 11 Basis of preparation of financial statsments The financial slalements he been prepared in accordance with the Charities SORP IFRS 1021 counting arKI Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their aceounts in aecordan wth the Finanual Repx)rting Standard applicatle in the UK a1 Republic ol Ireland IFRS 102} (effective 1 January 2019}, the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the CcKnpanies Act 2006. Easl Anglian Driveability Limited meets the definikn.on of a public benefit entity under FRS 102. The finanoal stalemenls have been prepared under the historical cosl convention unless otherwise specified within these accounting policies. The financial ststemenls are ppad in sleding which is the functional currency (rf the Ccmmpany rounded to the nearest £1. The Company is a company limited by guarantee. The members of the Company are the Trustees named on p4e 1. In the event of the Company being I)Und up. the liability in respect of the guarantee is limiled to £1 per meynber of the Company. 2.2 Going concem The trustees have considered the charity's position at the time of sMJning the financial ststements, and in partIcur the current isyjes caused by Covid-19 and ils tK)lential imp1 on the charity and the wder economy. The truslees have Lgken into account actual perfomance Sin the year end and the continued SUFp of the Department for transport %then making their assessment that the charity will have adequale iesources lo continue In operational existence for Ihe foreseeable future, and at least fvlelve monlhs from the date of signing these fin&)aal stalemenls. Further details n be I0d in Ihe"Iruslee'$ re nIaInal wthin these aounts. 2.3 Fund accounting General funds are unrestricted funds are available for use at the diretIOn of the Trustees in fUrtherae of the general 0.ectiveS of the Cunpany and have not been deggnated for other purwses. Reslricled funds are funds are to be used in accordance V+ith Specif restrith.ons imposed by dOnS or which have been raised by the CL¥npany for particular purposes. The costs of raising and administering such lurKls are charged againsi the s1[1¢ fu. The aim and use of exh reslricled fund is sel out In the notes to the financial slalements. Investment inccme, gains losses are allocated to the appropriate fund. Page12
EAST ANGUAN DRIVEA8ILITY LlhllTED IA company limited by guarantee) NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies {¢ontinued) 2.4 Income All inc¢Jne is reccgnised once the CLYmFy has entitlement to the incce, it is probable that the income wll be received and the amount of incune reCeiVae can be measured reliably. Grants are induded in the Stslement of financial activities on a T1Vable bags. The balance of InMe received for specific purposes but not expended during the period 15 shown in the relevant funds on the BaL8nce sheet. Where income is reNed in alfvan of enlillemenl of receipt. its reciyJnilion is deferred arKI induded in cred.tors as deferred ineome. Where entitlement occurs before incorne is received. the inccffle is accrued. 2.5 Expenditure Expenditure is rwnised orte the is a legal or construcaive obligation lo transfer economic benefit lo a third paty. it is probable thal a Iransfer of economic benefits will be required in settlement and the amnt of the obligation can be measured reliably_ Expwdilure is classified by activity. The costs of each activity are made up of the lolal ol direct costs arKI shared costs, including support Costs inv(Aved in undertaking each activity. Direct cost5 attributable lo a single activity are allated directly to that activity. Shared costs vthich conlribute to more than one activity and sups)ort costs whh are rt attn"bulable to a single activity are apportioned between those activities on a basis consstent wlh the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charps alktated on the portion of the asset's use. Expenditure on charitable actsvibes is incurred on directty undertaking the actThiities whh further the C(mpany's obJ"eclives. as well as any associated SUFPOrt COSts. Chanlable activities a1 Govemance costs are costs incurred on the Company's operations including supwri cosls and costs relab.ng to the govematKe of the Company 8PPX)rtioned lo charitable activities. Al expenditure is indusive of irrecoverable VAT. 2.6 Government grants Govemment 9rants are crethled to the Statement of finanaal aclivities as the related expenditure is incurred. 2.7 Interest rKeivable Interest on funds held on deposil is inCJ1ed when receivable and the amounl can be measured feliably by the Company". this is nomially upon nolif5calion of the interest paid or payable by the Bank. 2.8 Tangible fixed assets and depreciation Tangib18 fixed as5els are carried al cost or valuation. net of delat)n and any provision for impwmient. Depreuation is not charged on freehdd land. Page13
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarant8•) NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountino policies {continued) 2.8 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allcrate the cost of tsngible fixed assets less their residual value over Iheii estimated useful lives, n9 the straight-line meth¢)J. Deprecialion is provid£Yl on the following bases.. FreeId kYorrty Motor vehicles Fixtures and filtings C(Mnputer equiw)enl Improvements lo prcoe - no depreciation charged 10% or25% SL -25%SL 25% SL or25% SL 2.9 Investrnents FIX asset investments are a fom of firnC41 instrurnenl and are initially recognised al their transaction cost and subsequently measured at fair value al the Balance sheel de. unless the value cannot be measured reliably in tch case it is measured at cost less impaimient Investment gains and losses, v4helher realised or unrealised, are combined and pfesenled as'GainglLossesl on investments. in the Statement of finanual acts"vities ir1coratlThg income and expenditure account. 2.10 Debtors Tiade and other debtors are recogni5ed at the settlement amount after any irade discount offered. Prepayments are valued at the amunl prepaid net of any trade discounts due. 2.11 Cash at bank and in hand Cash al bank and in hand includes cash and short-temi highly liquid inveslments with a short maturity of Ihiee months or less ficmn the date of a¢¥U1b.on or opning of the depo&l or gmilai count. 2.12 Liabiliti¢s and provisions Liabilities are rec(YJnised Wh there i8 an obligth.on al the Balance sh1 dale as a result of a past event, it 15 probable that a transfer of econwic benefit will be required in settlement. and the amounl ol Ihe settlement can be eslimated reliably. Liabilities are rec(KJnised al the amoLFnl Ihal the Company anlicipales it will pay to settle the debt OT the amount it has reiVed as advarKed paymenls for the gwjs or services il must provide. Provigons are measured at the best estimate of the amounts ruld to settle the obligation. Where the effect of the bme value of money is material. the proViOn is based on the presenl value of those amounts, discounte(l at the pre-tax discount rate that reflecis the risks specific to the liakn"lity. The unwnding of the discL)unt is re¢wised within interest payale a1 similar charge5. Page 14
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarant¢el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aecounting policies (continued) 2.13 Financial instruments The Company onty has financkol assels finwKial liabilities of a kind that qualrfy as b8&C financial instruments Basic financial instnlments are inrtially reccMJnised al transaction value and subsequently measured al their settlement value wth the exceF4ion ol bank loans which are subsequendy measured at amorlised cost UgThJ the effective interest method. 2.14 Penslons The Ccrnpany operates a defined contribution pension scheme and the pension charge represents the amounts payable by the C(thpany to the fund in resp1 of the year. Income from donations and grants Unrestricted Restricted funds funds 2021 2021 Total fund¥ 2021 Donations and legaties Grants Coronaviru5 Job Retention Scherne g1 50 442,2SS 195,037 50 492,256 195,037 50,000 Total 2021 637.343 50,000 687,343 Unreslrided funds 2020 Reslricled funds 2020 Tolai funds 2020 Donats"ons and legaaes Grants 75 75 646.561 588,561 58,000 Total 2020 588,636 58.000 646,636 During the yeaf the Charity rewved exceptional wvemmenl funding as part of the Coronavirus Job Retention Scheme. Funding eSents some of the costs of employing certain 51aff unable to carry out their duties as a result of the Coronavirus cri&s. Page 15
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from charitable activities Unrestrf¢ted fund$ 2021 Total funds 2021 Assessment fees Other inccxne 61,537 61.537 Total 2021 61,537 61,537 Unrestricted lunds 2020 Total funds 2020 Assessment Fees Other Inccme 146.536 232 146,536 232 Total 2020 146.765 146, 768 Investment income Unrestricted funds 2021 Total funds 2021 Interest reIVed 626 626 Unftslricted funds 2020 Tol81 funds 2020 Interest received 989 Page 16
EAST ANGLIAN DRIVEABIUTY LIMITED (A company limit•d by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021 Analysis of oxpenditure by activitie Activities undertaken directly 2021 Support costs 2021 Total funds 2021 Assisiing those wth impaired mobility and training 654.237 85.632 739.869 ActIvitS urnlertaken 1Clty 2020 Support costs Total runds 2020 2020 Assisting those with impaired mobility aryj training 761.974 84,289 846.263 Anatysis of dirgct costs Total nds 2021 Tot81 funds 2020 Staff costs Rent & premises P05tage, slalionery & advertising Motor & Iravelling Computer Expenses Staff welfare & training 567.285 37,192 5,829 28.525 12,699 2.707 638.940 44,666 10,945 44,605 15,102 7. 716 Total 2021 654.237 761.974 Paoe17
EAST ANGLIAN DRIVEABILITY LIMITED (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 PIARCH 2021 Analysis ol expenditure by activities {continued) Analysis of support costs Total funds 2021 Total funds 2020 Loht & heat Water rates Insurance Telephone Cleaning & hoUsekeeng Ifrecoverable VAT Bank charges Depreeialion SutKIry Accountancy L8Jal & professKJnal fees 6,352 4,090 9.972 3,143 479 6,OT7 4,051 9,064 3.040 766 10,116 1,152 30.880 6,745 4,061 8,337 757 30.254 6.295 8,427 9.923 Total 2021 8&632 84,289 Indopendent examinerfs remunerntion The independent examinerfs remurEration amounts to an indewdenl examiner fee of £2.000(220 - £1,940). Staff costs 2021 2020 Wages and salaries Social security cosis Contribution lo defined contribution pension schemes 513,266 35,134 18,885 577,241 43,992 tT,707 567.285 638,940 During the year the chty made reduThIan payments of £2.38612020.' £13.OC(11, at the year e1 £Nil 12020.. £Nill remained oulslanding in cred"tors. Page 18
EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by ouarantee) NOTES TO THE FINANCIAL ST ATEhlENTS FOR THE YEAR ENDED 31 MARCH 2021 Staff costs (continued The avefage number of persons empkjyed by the Ccfflpany during the year Wd5 as follows.. 2021 No. 2ff20 No. Management Assessors 21 20 Administratson 31 30 No employee received remuneration amounting lo more than £60.C(10 in ther year. The lolal employee trenefits of the key management pernnel of the ch¥ity were £%.810 (2020. £56,551). Truslees. reffluneration and expenses During the year. no Tnjstees received any reMuneratiC or other benefits (2020- £NIL). During the year ended 31 March 21r21. expenw tolaling £NIL were reimtryjrsed or paid di¢11Y to the Trustees (2020- £47 to l Tmstee). Page 19
EAST ANGLIAN DRIVEA81LITY LIMITED (A company lirnited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Tangible fixed assets Freehold property Motor Fixtures Computer Other fixed vehicles and fittings equipment asset$ Total Cost or valuatlon At 1 April 2020 Additions 83.302 103.457 84.070 425 43,529 1.300 1(.414 420,772 1,725 15.075) Disposals (5.075) At 31 March 2021 83.302 98.382 84.495 44,829 1(,414 417,422 Deprlation At 1 Aprsl 2020 Charge for the year On disposals 20,008 83.673 11.082 (5.075) 80.289 2.512 35,893 4.830 72.296 11.831 292,159 30,255 15.0751 At 31 March 2021 20,008 89,680 82.801 40.723 84.127 317,339 Net book value At 31 March 2021 63,294 8.702 1.694 4.106 22.287 100,083 At 31 March 2020 63,294 19.784 3,781 7,636 34,118 728,673 Freehold propety is not depTlated bause the Trustees con&der the estimated resdual value of the asset is not materially different from the carrying value. Page 20
W6T ANGLIAN DRIVEA8ILITY LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Fixed asset investments Listed inve$tmonts Cost or valuation Al 1 Apnl 2020 Revaluations 149.399 10.287 At 31 Mah 2021 159,686 Net bookvalue At 31 March 2021 1S9.686 At 31 March 2020 149.399 Fixed asset investsnenls represent investrnents in FTSE 100 kn"d(-OUt dep1 plans. 12. Debtors 2021 2020 Due within one yèar Trade debtors Other debtors Prepayments and accrued inccffle 10,978 2,476 22,370 4,805 27,819 35.824 32,624 Page 21
EAST ANGLIAN DRIVEA81LITh LIMITED IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Crgditor5: Amounts falling due within one year 2021 2020 Trade credilor5 Other toxats.on and social secjjrity Other creditors Accruals and defened income 4.863 30.835 524 7, 770 2,000 173.859 2,050 180.772 41, 129 Page 22
EAST ANGLIAN DRIVEABIUTY LIMITED (A company limited by guarantegl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Stalement of funds Stalement of funds - current yèar Balance at 31 March 2021 Balance at 1 April 2020 Gainsl {Lo$se$) Income Expendiiufe Unrestri¢ted funds unrestn.cted income funds Revaluation reserve 314,373 39.399 699,756 1706,8341 307,295 49.687 10.288 353,772 699,756 (106.8341 10.288 356,982 Restricted funds Regional Transport Hub 14.967 50,000 133.035) 31.932 Total of funds 368.739 749.756 1739,869) 10,288 388.914 The Regional Transwt Hub restricted fund reprenls funding received to sel up and run an JviCe and training service for those people within East Anglia who are no loTrJer able to drive or those who will never be aNe to dcive. It vrds also used lo collate informalion on ServIS currently available for transport and with a view lo reducing sooal isolation aThJ loneliness. Money from this fund has been used lo pay for slafl salaries and training. a vehicle running costs. stab"onery, leanets and mareling etc. Page 23
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Statem•nl of funds (¢onlinued) ststement of funds - prior year Balan al 31 March 2020 Balance al l Apnl 2019 Transfers in/oul Gain (Losses) Income Expenditu Unrestricted lunds Uniestsicled income funds 736.393 (792.876) 77,413 314.373 Revaluation reserve 42,38i (2.984) 39,399 395.826 736.393 1792.876) IT.413 (2.984) 353. 772 Restricted funds Essex Centre Development Regional Transport Hub 27,767 (16.492) (11.275) S8.(0 136,895) (6. 138) 14,967 27.767 58,000 153.387) (17,413) 74,967 Total of funds 423,593 794.393 (846.263) (2,984) 368, 739 Page 24
EAST ANGUAN DRIVEA8IUTY LIMITED (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of net assets between fvnds Anatysis of net assets bvtween funds - Current year Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Tanble fixed assets Fixed asset inveslments Current assets cdItOrs due within one year 100,083 159,6 277.985 1180,7721 100,083 159,686 309,917 {180.7721 31,932 Total 3.982 31,932 388,914 Analysis of net assets between funds- prior year Unrestricted funds 2020 Restricted funds 2020 Tolai funds 202Q Tangible fixed assets Fixed asset investrnents Current assets 128,613 149,399 116,889 {41,129) 128.613 149,399 131,856 {41, 129) 14,967 Creditors due within one year Total 353,772 14,967 368, 739 Page 25
EAST ANGLIAN DRIVEABIUTY LIMITED IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Reconclllatlon of net movement In funds to net $h Ilow from operatlng a¢ti¥itles 2021 2020 Nel incornelexpenditure for the year las per Ststement of Financial Activities) 20.175 (54,854) Adjustments for: Depfecialion charoes Gainslllossesl on investment5 Decreasellincreasel in debtors Increase in creditors 30,255 {10,2871 13.200} 139,643 30,880 2,984 18,830 14, 135 Net cash provided by operating activities 176.586 71,975 17. Analysts ot cash and cash equlvalents 2021 2020 Cash in hand 195.882 78,211 21,643 77,589 Notice deposits (less than 3 months) Total cash and ¢a8h equivalents 274.093 99,232 18. Analysis of changes in net debt At 1 April 2020 Cash flows At 31 March 2021 Cash at bank and in hand 99,232 174.861 274.093 99,232 174,861 274,093 19. Pension commitments The Company operates a defingJ contributions Sch)e. The pens cost charge reFyesen15 contributions payable by the Company to the fund and amounted to £18.88512020.. £17.7071. Page 26
EAST ANGLIAN DRIVEABILITY LIMITEO IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. Operating lease commitments Al 31 March 2021 the Company had commitments to make future minimum lease payments under non- cancellable operaling leases as follows: 2021 2ff20 Within 1 year Betren 1 and 5 years 8,970 9,718 8,270 17,229 Total 18.688 25,499 21. Related party transactions During the year Ms M Hammerton. a Trust*. provided acCntancY services for the year lolalling £3,290 to the C(wnpany12020 £3.294}. The payments are permitted by the Charitys eonstrtution. Page 27