**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 2022**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7 - 8|
|**Statement of financial activities**|9|
|**Balance sheet**|10 - 11|
|**Statement of cash flows**|12|
|**Notes to the financial statements**|13 - 26|
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
|**Trustees**|Mrs H Dolphin, MBE (resigned 18 August 2022)|
|---|---|
||Mr C D Wright|
||Mr J Rawlings|
||Mrs L Bilyard (resigned 8 April 2021)|
||Mr J Griffith|
||Mr P Short|
||Ms V Hull (appointed 18 August 2022)|
|**Company registered**
**number**
02663550
**Charity registered**
**number**
1008897
**Registered office**
2 Napier Place
Thetford
Norfolk
IP24 3RL
**Company secretary**
Mr C D Wright
**Accountants**
Larking Gowen LLP
Chartered Accountants
King Street House
15 Upper King Street
Norwich
NR3 1RB
**Bankers**
Barclays Bank Plc
Bank Plain
Norwich
Norfolk
NR2 4SF||
Page 1
## **EAST ANGLIAN DRIVEABILITY LIMITED**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022**
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Key Performance Indicators**
Targets 2021/22 were to conduct 1662 assessments. This was set by the DfT rather than EAD this year as there was little to base predictions on due to the Covid 19 pandemic. The actual number of assessments conducted was 1508. This is just above 9% below target and DfT have a tolerance of 5% but are considering raising this to 10% for this year. More will be known in quarters 2 and 3 of the next financial year. Clawback from DfT from 2020/2021 is complete and resulted in reduced funding in Q3 and no funding in Q4.
All outreach services are now open and waiting times for assessments are currently averaging 7 weeks. As it has been possible to reduce the waiting time, the driving tuition service is gradually being introduced again at both Thetford and Colchester.
Referral numbers have dipped slightly, and this is partly attributed to the reduction of referrals from DVLA who have had operational difficulties throughout the pandemic and beyond. DVLA assure us that referrals will increase in August/September 2022.
Service promotion remains a focus of EAD with presentations delivered both virtually and in person.
The Regional Transport Hub was continued past the end of the pilot scheme with the promise of funding from DfT. This was eventually paid in April 2022 for services conducted July 2021 - March 2022. Full funding has been allocated for the next year already.
## **b. Policies and Objectives**
The Trustees confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
The principal object of the Charity is to act as a facilitating agent for the provision of a wide range of health and social services.
The Charity's objectives are to provide professional assessment, advice and recommendations to disabled people regarding independent outdoor mobility, irrespective of whether they are children, in mid-life or elderly people. Whilst there is particular emphasis on driving, advice is also available on all other forms of outdoor mobility including electric mobility vehicles. The Charity also aims to promote the preservation and protection of good health among persons in the United Kingdom. Through the achievement of these objectives the charity provides a public benefit.
Page 2
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Achievements and performance**
## **a. Review of activities**
EAD has striven this year to offer all of its pre Covid 19 services. All outreaches are now open and the tuition service is beginning to be delivered at Colchester and Thetford.
Covid, however, has not disappeared and EAD continues to receive late notice cancellations from clients and has had several members of the team off with Covid too. All PPE for assessments and enhanced cleaning remains in place and will continue to in the coming year.
EAD has engaged with Lincolnshire Police in order to start the alternative to prosecution assessments that Essex Police offer. EAD are currently waiting for Lincolnshire Police to sign the agreement.
The assessments comprised this year of 91% driving assessments, 5% review assessments, 3% passenger assessments and 1% scooter and wheelchair assessments. Proportionally there are more driving assessments attributed to the Covid backlog and less reviews as there were fewer driving assessments in the previous year.
## **b. Investment policy and performance**
The Trustees again obtained financial advice regarding the reinvestment of surplus funds and decided to reinvest in similar FTSE 100 Kick-out plans: a separate plan (each originally £55,000) matures each year.
## **Financial review**
## **a. Going concern**
It is recognised that although the Covid 19 pandemic has not had such drastic changes to the way of life in the last year, it is still impacting on people’s lives. Driving remains an important part of social structure and therefore referrals continue to be made to the service. The clawback from DfT did impact on the finances but EAD is now building on increasing the assessment numbers and is not expecting to experience any clawback in the next financial year. None of the reserves have been spent and continue to grow.
EAD recognises the need for some diversification in its services and following on from the Regional Transport Hub pilot scheme, the Hub is now a recognised service within EAD. The tuition service is also now beginning again. DfT have provided a fleet of powered wheelchairs and mobility scooters and following training this year there will be a promotional drive to increase the number of these assessments conducted.
The trustees have considered the financial position of the charity and the continued support from DfT and conclude that it is expected to meet this year’s targets and therefore have a reasonable expectation that the charity will have the resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.
Page 3
## **EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **b. Reserves policy**
General funds of the Charity at 31 March 2022 amounted to £351,369 (2021: £356,982) which includes free funds (which excludes tangible fixed assets) of £269,332 (2021: £256,899). This sum has arisen from prudent investment of surpluses when these occurred. The reserves are held to smooth the flow of monies from one year to another, to provide resources for training needs, and as a means of financing the cost of administration of the Charity. The Trustees feel that it is prudent for them to retain reserves sufficient to cover six months of running costs and possible redundancy costs were the Charity ever to have to cease. The Trustees consider the Charity has adequate reserves.
As at 31 March 2022 restricted funds amounted to £23,317 (2021: £31,932). Further details on the nature of the restrictions are explained within note 14 of these financial statements.
East Anglian Driveability are grateful for the continued support from the Department for Transport (DfT). General unrestricted funding of £616,125 was received during the year from DfT. The pilot Regional Transport Hub scheme came to a close in the year and reached over 400 individuals, over 100 organisations and 108 members of the public completed initial questionnaires providing information on the benefits of the scheme for DfT. Since the year end, the DfT have agreed to continue to fund the Hub.
The Trustees are prepared to expend from the General reserve if they feel that a good case has been made for doing so. The Trustees will review the policy annually.
## **Structure, governance and management**
## **a. Constitution**
The Company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 18th November 1991 and registered as a charity on 27th February 1992.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Page 4
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Structure, governance and management (continued)**
## **c. Organisational structure and decision-making policies**
The Charity is controlled by its Trustees. Under the company's Article of Association, the Trustees are admitted in accordance with the rules made under Article 38, and must be approved by the Trustees.
The Trustees are appointed by election on a predefined rotational basis. The Trustees who served during the year and up to the date of this report are set out on page 1. Additional and replacement Trustees are sort through advertisement and invitation by staff and existing Trustees to apply for the position. All new Trustees are voted on during the AGM.
Trustees are given an induction manual and overview of the organisation. Induction includes background to mobility centres and the work of our umbrella organisation Driving Mobility, liabilities of Trustees, guidance on the role of Trustees (taken from advice issued by Bates Wells and Braithwaithe 2004), model job descriptions for Chair, Company Secretary and Treasurer, model job description for a Trustee of the Charity, model code of conduct for Trustees, Memorandum and Articles of Association for EAD and Policy on Declaration of Interests.
Trustees are invited to visit the assessment centre and either experience an assessment or sit in on an assessment with permission of the client.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2022 was 7.
## **d. Risk Management**
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## **Plans for future periods**
To increase the scope of our children's services on offer by extending our marketing in this area.
To reduce waiting times by ensuring cancellations are filled in a timely manner.
Explore opening an outreach centre in the Cambridge area to reduce travel time for clients, reduce waiting list and comply with DfT aims.
To secure permanent funding for the Regional Transport Hub.
To reinstate the driving tuition service once the waiting list for assessments has been addressed.
To successfully make the change to the new business system which is being introduced by Driving Mobility and funded by DfT.
Page 5
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Mr J Rawlings** Chair Date: 16/09/2022
Page 6
## **EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022**
## **Independent examiner's report to the Trustees of East Anglian Driveability Limited ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 7
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
**INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Christopher Yeates FCA DChA
Larking Gowen LLP Chartered Accountants Norwich
28 October 2022
Page 8
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net (expenditure)/income before net**
**gains on investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**620,644**
**128,338**
**526**
**2,500**
**752,008**
**771,386**
**771,386**
**(19,378)**
**13,765**
**(5,613)**
**356,982**
**(5,613)**
**351,369**|**Restricted**
**funds**
**2022**
**£**
**15,000**
**-**
**-**
**-**
**15,000**
**23,615**
**23,615**
**(8,615)**
**-**
**(8,615)**
**31,932**
**(8,615)**
**23,317**|**Total**
**funds**
**2022**
**£**
**635,644**
**128,338**
**526**
**2,500**
**767,008**
**795,001**
**795,001**
**(27,993)**
**13,765**
**(14,228)**
**388,914**
**(14,228)**
**374,686**|_Total_
_funds_
_2021_
_£_
_687,343_
_61,537_
_626_
_250_|
|---|---|---|---|---|
|||||_749,756_|
|||||_739,869_|
|||||_739,869_|
|||||_9,887_
_10,288_|
|||||_20,175_|
|||||_368,739_
_20,175_|
|||||_388,914_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 26 form part of these financial statements.
Page 9
## **EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee) REGISTERED NUMBER: 02663550**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**Fixed assets**
Tangible assets
10
Investments
11
**Current assets**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**61,826**
**105,580**
**167,406**
**(49,742)**|**2022**
**£**
**83,570**
**173,452**
**257,022**
**117,664**
**374,686**
**23,317**
**351,369**
**374,686**|_35,824_
_274,093_
_309,917_
_(180,772)_|_2021_
_£_
_100,083_
_159,686_|
|---|---|---|---|---|
|||||_259,769_
_129,145_|
||||||
|||||_388,914_|
|||||_31,932_
_356,982_|
||||||
|||||_388,914_|
Page 10
## **EAST ANGLIAN DRIVEABILITY LIMITED**
**(A company limited by guarantee) REGISTERED NUMBER: 02663550**
**BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022**
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Mr J Rawlings** Chair Date: 16/09/2022
The notes on pages 13 to 26 form part of these financial statements.
Page 11
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2022**
**£**
**(165,738)**
**2,500**
**(5,275)**
**(2,775)**
**(168,513)**
**274,093**
**105,580**|_2021_
_£_
_176,586_
_-_
_(1,725)_
**(1,725)**
**174,861**
_99,232_
_274,093_|
|---|---|---|
The notes on pages 13 to 26 form part of these financial statements
Page 12
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. General information**
East Anglian Driveability is a charitable company limited by guarantee, charity number 1008897 and company number 02663550. The registered office is 2 Napier Place, Thetford, Norfolk, IP24 3RL.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
East Anglian Driveability Limited meets the definition of a public benefit entity under FRS 102.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies. The financial statements are prepared in sterling which is the functional currency of the Company rounded to the nearest £.
The Company is a company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company.
## **2.2 Going concern**
It is recognised that although the Covid 19 pandemic has not had such drastic changes to the way of life in the last year, it is still impacting on people’s lives. Driving remains an important part of social structure and therefore referrals continue to be made to the service. The clawback from DfT did impact on the finances but EAD is now building on increasing the assessment numbers and is not expecting to experience any clawback in the next financial year. None of the reserves have been spent and continue to grow.
EAD recognises the need for some diversification in its services and following on from the Regional Transport Hub pilot scheme, the Hub is now a recognised service within EAD. The tuition service is also now beginning again. DfT have provided a fleet of powered wheelchairs and mobility scooters and following training this year there will be a promotional drive to increase the number of these assessments conducted.
The trustees have considered the financial position of the charity and the continued support from DfT and conclude that it is expected to meet this year’s targets and therefore have a reasonable expectation that the charity will have the resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.
Page 13
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Charitable activities and Governance costs are costs incurred on the Company's operations including support costs and costs relating to the governance of the Company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Government grants**
Government grants in respect of the Coronavirus Job Retention Scheme are credited to the Statement of financial activities as the related expenditure is incurred.
## **2.6 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land.
Page 14
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.7 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Freehold property no depreciation charged Motor vehicles - 10% or 25% SL Fixtures and fittings - 25% SL Computer equipment - 25% SL Improvements to property - 10% or 25% SL
## **2.8 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
## **2.9 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.10 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.11 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 15
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Accounting policies (continued)**
## **2.12 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.13 Pensions**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **2.14 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and grants**
|**Unrestricted**
**funds**
**2022**
**£**
Donations and legacies
116
Grants
616,125
Coronavirus Job Retention Scheme grant
4,403
620,644|**Restricted**
**funds**
**2022**
**£**
-
15,000
-
15,000|**Total**
**funds**
**2022**
**£**
**116**
**631,125**
**4,403**|
|---|---|---|
|||**635,644**|
Page 16
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **3. Income from donations and grants (continued)**
|Donations and legacies
Grants
Coronavirus Job Retention Scheme grant|_Unrestricted_
_funds_
_2021_
_£_
_50_
_442,256_
_195,037_
_637,343_|_Restricted_
_funds_
_2021_
_£_
_-_
_50,000_
_-_
_50,000_|_Total_
_funds_
_2021_
_£_
_50_
_492,256_
_195,037_|
|---|---|---|---|
||||_687,343_|
During the year the Charity received exceptional government funding as part of the Coronavirus Job Retention Scheme. Funding represents some of the costs of employing certain staff unable to carry out their duties as a result of the Coronavirus crisis.
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2022**
**£**
Assessment fees
126,388
Other income
1,950
128,338
_Unrestricted_
_funds_
_2021_
_£_
Assessment Fees
_61,537_|**Total**
**funds**
**2022**
**£**
**126,388**
**1,950**|
|---|---|
||**128,338**|
||_Total_
_funds_
_2021_
_£_
_61,537_|
Page 17
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **5. Investment income**
|Interest received
Interest received
**Analysis of expenditure by activities**
Assisting those with impaired mobility and training
Assisting those with impaired mobility and training|**Unrestricted**
**funds**
**2022**
**£**
526
_Unrestricted_
_funds_
_2021_
_£_
_626_
**Activities**
**undertaken**
**directly**
**2022**
**Support**
**costs**
**2022**
**£**
**£**
709,606
85,395
_Activities_
_undertaken_
_directly_
_2021_
_Support_
_costs_
_2021_
_£_
_£_
_654,237_
_85,632_|**Total**
**funds**
**2022**
**£**
**526**|
|---|---|---|
|||_Total_
_funds_
_2021_
_£_
_626_|
|||**Total**
**funds**
**2022**
**£**
**795,001**|
|||_Total_
_funds_
_2021_
_£_
_739,869_|
## **6. Analysis of expenditure by activities**
Page 18
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Rent & premises
Postage, stationery & advertising
Motor & travelling
Computer Expenses
Staff welfare & training|**Total**
**funds**
**2022**
**£**
**582,761**
**46,826**
**13,453**
**42,822**
**17,258**
**6,486**
**709,606**|_Total_
_funds_
_2021_
_£_
_567,285_
_37,192_
_5,829_
_28,525_
_12,699_
_2,707_|
|---|---|---|
|||_654,237_|
## **Analysis of support costs**
|Light & heat
Water rates
Insurance
Telephone
Cleaning & housekeeping
Irrecoverable VAT
Bank charges
Depreciation
Sundry
Accountancy
Legal & professional fees|**Total**
**funds**
**2022**
**£**
**10,406**
**3,922**
**10,380**
**3,474**
**134**
**7,060**
**953**
**21,788**
**12,071**
**4,463**
**10,744**
**85,395**|_Total_
_funds_
_2021_
_£_
_6,352_
_4,090_
_9,972_
_3,143_
_479_
_5,940_
_757_
_30,254_
_6,295_
_8,427_
_9,923_|
|---|---|---|
|||_85,632_|
Page 19
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,155 ( _2021_ - _£2,000_ ).
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2022**
**£**
**544,340**
**31,714**
**6,707**
**582,761**|_2021_
_£_
_513,266_
_35,134_
_18,885_|
|---|---|---|
||||
|||_567,285_|
During the year the Charity made redundancy payments of £nil (2021: £2,386), at the year end £nil (2021: £nil) remained outstanding in creditors.
The average number of persons employed by the Company during the year was as follows:
|Management
Assessors
Administration|**2022**
**No.**
**2**
**19**
**7**
**28**|_2021_
_No._
_2_
_21_
_8_|
|---|---|---|
||||
|||_31_|
No employee received remuneration amounting to more than £60,000 in either year.
The total employee benefits of the key management personnel of the Charity were £59,244 (2021: £56,810).
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
Page 20
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_|**Freehold**
**property**
**£**
**83,302**
**-**
**-**
**83,302**
**20,008**
**-**
**-**
**20,008**
**63,294**
_63,294_|**Motor**
**vehicles**
**Fixtures**
**and fittings**
**£**
**£**
**98,382**
**84,495**
**5,275**
**-**
**(4,100)**
**-**
**99,557**
**84,495**
**89,680**
**82,801**
**5,672**
**1,027**
**(4,100)**
**-**
**91,252**
**83,828**
**8,305**
**667**
_8,702_
_1,694_|**Computer**
**equipment**
**£**
**44,829**
**-**
**-**
**44,829**
**40,723**
**2,893**
**-**
**43,616**
**1,213**
_4,106_|**Other fixed**
**assets**
**£**
**106,414**
**-**
**-**
**106,414**
**84,127**
**12,196**
**-**
**96,323**
**10,091**
_22,287_|**Total**
**£**
**417,422**
**5,275**
**(4,100)**
**418,597**
**317,339**
**21,788**
**(4,100)**
**335,027**
**83,570**
_100,083_|
|---|---|---|---|---|---|
Freehold property is not depreciated because the Trustees consider the estimated residual value of the asset is not materially different from the carrying value.
Page 21
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **11. Fixed asset investments**
|**Cost or valuation**
At 1 April 2021
Revaluations
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_
Fixed asset investments represent investments in FTSE 100 Kick-out deposit plans.|**Listed**
**investments**
**£**
**159,687**
**13,765**|
|---|---|
||**173,452**|
||**173,452**|
||_159,687_|
|||
## **12. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2022**
**£**
**20,300**
**16,471**
**25,055**
**61,826**
**2022**
**£**
**21,407**
**10,913**
**11,246**
**6,176**
**49,742**|_2021_
_£_
_10,978_
_2,476_
_22,370_|
|---|---|---|
||||
|||_35,824_|
|||_2021_
_£_
_4,863_
_-_
_173,859_
_2,050_|
||||
|||_180,772_|
## **13. Creditors: Amounts falling due within one year**
Page 22
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **14. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2021**
**£**
**Unrestricted funds**
Unrestricted income funds
**307,295**
Revaluation reserve
**49,687**
**356,982**
**Restricted funds**
Regional Transport Hub
**31,932**
**Total of funds**
**388,914**|**Income**
**£**
**752,008**
**-**
**752,008**
**15,000**
**767,008**|**Expenditure**
**£**
**(771,386)**
**-**
**(771,386)**
**(23,615)**
**(795,001)**|**Gains/**
**(Losses)**
**£**
**-**
**13,765**
**13,765**
**-**
**13,765**|**Balance at**
**31 March**
**2022**
**£**
**287,917**
**63,452**|
|---|---|---|---|---|
|||||**351,369**|
|||||**23,317**|
|||||**374,686**|
The Regional Transport Hub restricted fund represents funding received to set up and run an advice and training service for those people within East Anglia who are no longer able to drive or those who will never be able to drive. It was also used to collate information on services currently available for transport and with a view to reducing social isolation and loneliness. Money from this fund has been used to pay for staff salaries and training, a vehicle with running costs, stationery, leaflets and marketing etc.
Page 23
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **14. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
Unrestricted income funds
Revaluation reserve
**Restricted funds**
Regional Transport Hub
**Total of funds**|_Balance at_
_1 April 2020_
_£_
_314,373_
_39,399_
_353,772_
_14,967_
_368,739_|_Income_
_£_
_699,756_
_-_
_699,756_
_50,000_
_749,756_|_Expenditure_
_£_
_(706,834)_
_-_
_(706,834)_
_(33,035)_
_(739,869)_|_Gains/_
_(Losses)_
_£_
_-_
_10,288_
_10,288_
_-_
_10,288_|_Balance at_
_31 March_
_2021_
_£_
_307,295_
_49,687_|
|---|---|---|---|---|---|
||||||_356,982_|
||||||_31,932_|
||||||_388,914_|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2022**
**£**
Tangible fixed assets
82,037
Fixed asset investments
173,452
Current assets
145,622
Creditors due within one year
(49,742)
**Total**
351,369|**Restricted**
**funds**
**2022**
**£**
1,533
-
21,784
-
23,317|**Total**
**funds**
**2022**
**£**
**83,570**
**173,452**
**167,406**
**(49,742)**|
|---|---|---|
|||**374,686**|
Page 24
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_100,083_
_159,686_
_277,985_
_(180,772)_
_356,982_|_Restricted_
_funds_
_2021_
_£_
_-_
_-_
_31,932_
_-_
_31,932_|_Total_
_funds_
_2021_
_£_
_100,083_
_159,686_
_309,917_
_(180,772)_
_388,914_|
|---|---|---|---|
## **16. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the year (as per Statement of Financial
Activities)
**Adjustments for:**
Depreciation charges
Gains on investments
Loss/(profit) on the sale of fixed assets
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**Analysis of cash and cash equivalents**
Cash in hand
Notice deposits (less than 3 months)
**Total cash and cash equivalents**|**2022**
**£**
**(14,228)**
**21,788**
**(13,765)**
**(2,500)**
**(22,002)**
**(131,031)**
**(161,738)**
**2022**
**£**
**26,998**
**78,582**
**105,580**|_2021_
_£_
_20,175_
_30,255_
_(10,287)_
_-_
_(3,200)_
_139,643_
_176,586_
_2021_
_£_
_195,882_
_78,211_
_274,093_|
|---|---|---|
## **17. Analysis of cash and cash equivalents**
Page 25
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **18. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2021**
**£**
**274,093**
**274,093**|**Cash flows**
**£**
**(168,513)**
**(168,513)**|**At 31 March**
**2022**
**£**
**105,580**|
|---|---|---|---|
||||**105,580**|
## **19. Pension commitments**
The Company operates a defined contributions scheme. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,707 (2021: £18,885).
## **20. Operating lease commitments**
At 31 March 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Within 1 year
Between 1 and 5 years
**Total**|**2022**
**£**
**8,970**
**748**
**9,718**|_2021_
_£_
_8,970_
_9,718_|
|---|---|---|
|||_18,688_|
## **21. Related party transactions**
There were no related party transactions in either the current or preceding year.
Page 26