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 2023
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet 10-11 Statement of cash flows 12 Notes to the financial statements 13-26
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Mrs H Dolphin, MBE (resigned 18 August 20221 Mrc D Wright Mr J Rawlings (resigned 31 October 20231 Mr J Griffith Iresigned 31 October 20231 Mr P Short Ms V Hull lappointed 18 August 2022) Ms K Paylor-Benl lappoinled 18 August 2022) Mr S Perry (appointed 18 August 20221 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 Accounlanls 1st Floor Prospect House Rouen Road Norwich NR1 1RE Bankers Barclays Bank PIC Bank Plain Norwich Norfolk NR24SF Page 1
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together with the financial statements of the Company for the 1 April 2022 10 31 March 2023. 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 slalutory requirements, the requirements of the charitable companys goveming document and the provisions of the Statement of Recommended Prartice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. sin 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 Islralegic Report and Directors. Report} Regulations 2013 has been omitted. Objectives and activitlgs a. Key Pgrformance Indicators Targets 2022123 were lo conduct 1596 assessments. This was set slightly lower than the previous year as referral and assessment rates had not rewvered to pre-covid levels. The actual number of assessments conducted was 1492. This is 6.5°/o below tsrget and have a toleran of 5 /0 so a minimal clawback was experienced through redUd grant payment in the first quarter. All outreach services are busy and waiting limes for assessments are currently averaging 10 weeks as of September 2023. As referrals are increasing there is a need lo look for more staffing and potentially opening outreaches for more appointments. Referral numbers are continuing lo increase and this predominantly down to increasing the number of presentations to health professionals and collaborative wort(ing with NHS Servi$. Service promotion remains a focus of EAD with presentations delivered both virtually and in person. The Regional Transport Hub has received full funding for three years and is continuing to be a popular Servi at EAD. b. Policies and Objectives The Trustees confirm that, in exercising their powers and duties, they have Complied with their duty lo have due regard to the guidance on public benefit published by the Charity Commission. The principal object of the Charity is to act as a facilitating agent for the provision of a wide range of health and social Servi$. The Charills objectives are lo provide professional assessment, advice and recommendations lo 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 lo 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 IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Achigvgmgnts and porformance a. Review of activiti9$ EAD has striven this year to complete as many assessments as possible given that there has still been some nervousness from clients and stsff around Covid-19 which has caused some late noti canlIatIOns. EAD has continued to increase the number of presentations given to health professionals and medical condition specific organisations which is raising the awareness of our Servi$. EAD has run several awareness days for Essex Poli so they can leam about the medical fitness lo drive assessments as an alternative to prosecution and has also begun reIving referrals from Lincolnshire Police The Department for Transport has given funding for a small fleet of powered wheelchairs and mobility scooters and several members of the team have attended training in order to deliver fitness to drive assessments for these. The assessments comprised this year of 86 10 driving assessments, 9°/0 review assessments, 3 10 passenger assessments and 1 /0 Scooter and wheelchair assessments. This has reverted to pre-covid levels amongst the driving assessments and reviews that follow. b. Investment policy and performance The Trustees again obtained financial advi regarding the reinvestment of surplus funds and decided lo reinvest in similar FtSE 100 Kick-out plans.. a separate plan leach originally £55,000> matures each year. Financial review . Going concern Driving remains an important part of social slrurture and referrals are continuing lo rise. The small clawback from Dft did not impact on the finances and 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 lo grow. The Hub is now a re¢ognised Servi within EAD and the tuition service is also now growing. Following the provision of the fleet of powered wheelchair and scooter from Dft there was a launch al the House of Lords lo engage retailers lo be trained by the mobility cenlres in fitness to drive. The first course will be running al the Thetford site in October 2023. The trustees have considered the financial position of the charity and the continued support from Dff and conclude that il is expected to meet this year's tsrgets and therefore have a reasonable expectation that the charity will have the resources lo continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial stslemenls. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements. Page 3
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 b. Resgrvgs policy General funds of the Charity at 31 March 2023 amounted to £299,406 12022.. £351,369) which includes free funds Iwhich excludes tangible fixed assets) of £219,56612022.. £269,332). This sum has arisen from prLJdent investment of surpluses when these OCCLJrred. The reserves are held to smooth the flow of monies from one year lo another, to provide resources for training needs, and as a means of financing the cost of administration of the Charity. The Trustees feel that il is prudent for them to relain reserves sufficient lo 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 al 31 March 2023 restricted funds amounted to £38,40412022.. £23,317). Further details on the nature of the reslriclions are explained within note 14 of these financial ststements. East Anglian Driveability are grateful for the continued support from the Department for Transport {Dftl. General unrestricted funding of £583,366 was reiVed during the year from Dft. The Hubs Mobility Advi servi was funded al a total annual income of £38,500. The Trustees are prepared lo 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. governan¢g and managgmgnt Constitution The Company is registered as a charitable Company limited by guarantee and was sel 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 IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structure. governan¢g and managgmgnt Icontinuedl Organisational structure and dgcision-making policigs The Charity is controlled by ils Trustees. Under the companls Article of Association, the Trustees are admitted in accordance with the rules made under Article 38, and musl 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 dale of this report are sel out on page 1. Additional and rep1arnent 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 lo mobility centres and the work of our Ljmbrella organisation Driving Mobility, liabilities of Trustees, guidance on the role of Trustees (taken from advice issued by Bates Wells and Brailhwailhe 20041, model job descriptions for Chair, Company Secretary and Treasurer, model job description for a Trustee of the Charity, model code of condurt 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 charitsble 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 2023 was 7. d. Risk Management The Trustees have assessed the major risks lo which the Company is exposed, in particular those related lo the operations and fInanS of the Company, and are satisfied that systems and procedures are in place lo mitigate our exposure lo the major risks. The principal risk is loss or reduction in our Department for Transport IDftl funding. However funding is secured for 2023124, our relationship with Dft is good, and there is no indication this will not continue. Plans for future periods To increase the scope of our children's servi$ on offer by extending our marketing in this area and training more staff to conduct the assessments. Explore opening an outreach centre in the Cambridge area to reduce travel time for clients, reduce waiting list and comply with Dft aims. To increase the number of powered wheelchair and mobility scooter assessments that are undertaken. To expand the driving tuition service lo include the outreaches. To continue lo grow the Hubs Mobility Advice Servi To improve our digital marketing and the ability to reach a wider range of dienls. To increase staffing levels lo meet the demand for services and reduce waiting limes. Page 5
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 ststement of Tru$tg9s' responsibilities The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom AOUntIng Standards Iunited Kingdom Generally A¢pted Accounting Practi1. Company law requires the Trustees to prepare financial statements for each financial . 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 stste of affairs of the Company and of its incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo: select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate 8CCOUnting records that are sufficient lo show and explain the Companls 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.. Ms V Hull Chair Dale.. l / Nov 2U28 Page 6
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent examlner's report to the Trustees of East Angllan Drlveablllty Llmlted (Yhe Company'l I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2023. Responslbllltles and basls of report As the Trustees of the Company {and ils directors for the purposes of company lawl you are responsible for the prepaffition of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. 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 Companls accounts carried out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl 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 l am qualified to undertake the examination because l 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 confim) that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as qUired by section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the a¢counls give a 'lrue and fairf view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers 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 IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 This report is made solely lo 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 stale lo the Companls Trustees those mallers l am required lo stale to them in an Independent examinerts report and for no other purpose. To the fullest extent pemiilled by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated.. 18 Nov 2023 Christopher Yeates FCA DChA Larking Gowen LLP Chartered Accountants Norwich Page 8
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitable activities Investments Other income 583.516 139.628 283 38.700 622.216 139.628 283 635,644 128,338 526 2,500 8.347 8.347 Total Income 731.774 38.700 770.474 767,008 Expenditure on- Charitable activities 787,384 23,613 810,997 195,001 Total expenditure 787.384 23.613 810.997 795,001 Net lexpenditurellincome before net gains on investments Nel gains on investments 155,6101 3.647 15,087 140,523) 3.647 (21,993) 13,765 Net movement in funds 151.963) 15.087 136.876) (14,228) Reconciliation of funds.. Total funds brought forward Nel movement in funds 351,369 151.963) 23,317 15.087 374,686 136.876) 388,914 (14,228) Total funds carried forward 299.406 38.404 337.810 374,686 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 13 to 26 fomi part of these financial statements. Page 9
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guaranteol REGISTERED NUMBER: 02663550 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixed assets Tangible assets Investments 10 11 79.840 169.577 83,570 173,452 249,417 257,022 Current assgts Debtors Cash at bank and in hand 12 52,380 91,709 61,826 105,580 144,089 767,406 Creditors.. amounts falling due within one year 13 {55,6961 (49, 742) Net current assets 88,393 117,664 Total not ossgts 337.810 374,686 Charity funds Restricted funds 14 38,404 299.406 23,3f7 351,369 Unreslricled funds 14 Total funds 337.810 374,686 Page 10
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guaranteol REGISTERED NUMBER: 02663550 BALANCE SHEET {CONTINUEDI AS AT 31 MARCH 2023 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 lo accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financial ststemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Ms V Hull Chair Dale.. 17 Nov 2023 The notes on pages 13 to 26 fomi part of these financial statements. Page11
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating activities Nel cash used in operating activities {19,1141 (165, 738) Cash flows from investing activities Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments 9,518 {11,7971 89,077 {81,5551 2,500 (5,275) Net cash provided byl(used inl investing activities 5,243 12.775) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year {13,8711 105,580 {168.513) 274,093 Cash and cash equivalents at the end ofthe year 91,709 105,580 The notes on pages 13 to 26 form part of these financial statements Page 12
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General Informatlon 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. Aceountlng pollcles 2.1 Basis of preparation of financial statements The financial stslements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 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 Driving remains an important part of social structure and referrals are continuing to rise. The small clawback from DfT did not impact on the finances and EAD is now building on increasing the assessment numbers and is not expecting to experien any clawback in the next financial year. None of the reserves have been spent and continue to grow. The Hub is now a recognised service within EAD and the tuition Servi is also now growing. Following the provision of the fleet of powered wheelchair and scooter from DfT there was a launch at the House of Lords lo engage retailers to be trained by the mobility cenlres in fitness lo drive. The first course will be running at the Thetford sile in October 2023. The Iruslees have considered the financial position of the charity and the continued support from DtT and conclude that il is expected lo meet this year's targets and therefore have a reasonable expectation that the charity will have the resources lo continue in operational existen for the foreseeable future, and at least e1ve months from the date of signing these financial slalemenls. They therefore continue lo adopt the going concern basis of accounting in preparing these financial slatemenls. Page 13
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aceountlng pollcles (contlnuedl 2.3 Income All income is recognised once the Company has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Ststemenl 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 levant funds on the Balan 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 lo 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 aclivily. 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 aclivily. Shared costs which contribute lo more than one activity and support costs which are not allributable lo 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 Companls 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 nom)ally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 14
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aceountlng pollcles (contlnuedl 2.7 Tanglble flxed assets and depreclatlon Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impaiment. Depreciation is not charged on freehold land. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following bases.. Freehold property Motor vehicles Fixtures and fittings Computer equipment Improvements lo propety no depreciation charged 2.8 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balance sheet dale, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Slalement of financial activities. 2.9 Debtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. PpaYments are valued al the amount prepaid net of any trade discounts due. 2.10 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm 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 al the Balance sheet dale as a result of a past event, il 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 CogniSed at the amount that the Company anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured al 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 lo 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 IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aceountlng pollcles (contlnuedl 2.12 Flnanclal 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 al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.13 Penslons The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company lo the fund in respect of the year. 2.14 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Reslricled 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 reslricled fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and grants Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Donations and legacies Grants 150 150 583,366 38,700 622,066 583,516 38,700 622.216 Page 16
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donatlons and grants Icontlnuedl Unreslricled funds 2022 Restricted funds 2022 Total funds 2022 Donations and legacies Grants Coronavirus Job Retention Scheme grant 116 116 616,725 4,403 15,000 631, 725 4,403 620,644 15,000 635,644 During the prior year the Charity received exceptional government funding as part of the Coronavirus Job Retention Scheme. Funding represents some of the costs of emplowng rtain staff unable to carry out their duties as a result of the Coronavirus Crisis. Income from charitable activities Unrestricted funds 2023 Total funds 2023 Assessment fees Other income 130,307 9,321 130.307 9.321 139,628 139.628 Unrestricted funds 2022 Total funds 2022 Assessment Fees 126,388 1,950 126,388 1,950 Other income 128,338 128,338 Page 17
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Investment Income Unrestricted funds 2023 Total funds 2023 Interest received 283 283 Unrestricted funds 2022 Total funds 2022 Interest received 526 526 Analysis of expenditure by activities Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Assisting those with impaired mobility and training 722,642 88,355 810.997 Activities undertaken directly 2022 Support Gosts 2022 Total funds 2022 Assisting those with impaired mobility and training 709,606 85,395 795,OQl Page 18
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of expendlture by actlvltles (contlnuedl Analysls of dlrect costs Total funds 2023 Total funds 2022 Staff costs Rent & premises Postsge, stationery & advertising Motor & Iravelling Computer Expenses Staff welfare & training 592,225 52,717 9,639 45,371 18,754 3,936 582, 761 46,826 13,453 42,822 IT,258 6,486 722,642 709,606 Analysis of support Costs Total funds 2023 Total funds 2022 Light & heal Water rates Insuran 12,861 3,149 11,430 4,040 49 8,116 1,159 7,643 14,356 7,065 4,261 14,226 10,406 3,922 10,380 3,474 134 7,060 953 Telephone Cleaning & housekeeping Irrecoverable VAT Bank charges Bad debts Depreciation Sundry Accountancy Legal & professional fees 21,788 12,071 4,463 70,744 88,355 85,395 Page 19
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Independent examlner's remuneratlon The independent examiners remuneration amounts to an independent examiner fee of £2,37012022 £2, 1551. Staff costs 2023 2022 Wages and salaries Social security costs Contribution to defined contribution pension schemes 537,987 39,712 14,526 544,340 31, 714 6, 707 592,225 582, 761 The average number of persons employed by the Company during the year was as follows.. 2023 2022 Management Assessors Administration 16 19 24 28 No employee received remuneration amounting to more than £60,000 in either year. The lolal employee benefits of the key management personnel of the Charity were £66,934 {2022.' £59,244). Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2022- £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022- £NILJ. Page 20
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Tanglble flxed assets Freehold property Motor Fixtures Computer Other fixed vehicles and fittings equipment assets Total Cost or valuation At 1 April 2022 Additions Disposals 83,302 99.557 6.800 14.675) 84,495 2,922 44,829 775 106,414 1.300 418.597 11.797 14.675) At 31 March 2023 83,302 101.682 87,417 45,604 107,714 425.719 Depreciation At 1 April 2022 Charge for the year On disposals 20,008 91.252 6.201 13.504) 83,828 1,289 43,616 1,084 96,323 5.782 335.027 14.356 13.504) At 31 March 2023 20,008 93,949 85,117 44,700 102,105 345,879 Net book value At 31 March 2023 63.294 7.733 2,300 904 5.609 79.840 At 31 March 2022 63,294 8,305 667 1,213 10,091 83,510 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 IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Flxed asset Investments Listed investments Cost or valuation At 1 April 2022 Additions Disposals Revaluations 173.452 81.555 189.077) 3,647 At 31 March 2023 169.577 Net book value At 31 March 2023 169.577 At 37 March 2022 173,452 Fixed asset investments represent investments in FTSE 100 Kick-oul deposit plans. 12. Debtors 2023 2022 Due wlthln one year Trade debtors 14,934 454 20,300 16,4TI 25,055 Other debtors Prepayments and accrued income 36,992 52,380 61,826 Page 22
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Credltors: Amounts falllng due wlthln one year 2023 2022 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 32,420 21,407 10,913 11,246 6,776 19,457 3,819 55,696 49, 742 14. Statement offunds Statement of funds - current year Balance at 31 March 2023 Balance at 1 April 2022 Gainsl (Losses} Income Expenditure Unrestricted funds Unrestricted income funds Revaluation reserve 287.917 63,452 731,774 {787.384) 232.307 67,099 3,647 351.369 731,774 {787.384) 3,647 299.406 Restricted funds Regional Transport Hub 23.317 38,700 123.613) 38.404 Total of funds 374.686 770,474 {810.997) 3,647 337.810 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 lo 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 elc. Page 23
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Statement of funds (contlnuedl Statement of funds - prlor year Balance 81 31 March 2022 Balance al l April 2021 Gginsl (Lossesj Income Expenditure Unrgstrictgd funds Unreslricled income funds Revaluation reserve 307,295 49,687 752,008 (771,386) 287,917 63,452 13,165 356,982 752,008 (771,386) 13,765 357,369 Restrlcted funds Regional Transport Hub 31,932 15,000 (23,615) 23,317 Total of funds 388,914 767,008 (T95,001) 13,765 374,686 15. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments 79,840 169,577 105,685 155,6961 79.840 169,577 144.089 155.696) Current assets 38,404 Creditors due within one year Total 299,406 38,404 337,810 Page 24
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. Analysls of net assets between funds {contlnuedl Analysls of net assets between funds - prlor year Unreslricled funds 2022 Restricted funds 2022 Tol81 funds 2022 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 82,037 173,452 145,622 (49, 742) 1,533 83,570 173,452 167,406 (49, 742) 21,784 Total 35f,369 23,317 374,686 Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Nel expenditure for the year las per Statement of Financial Acliviliesl {36,8761 (14,228) Adjustments for: Depreciation charges Gains on investments 14,356 13,6471 18,3471 9,446 5,954 21,788 (13, 765) (2,500) (22,002) (131,031) Profit on the sale of fixed assets Decreasellincreasel in debtors Increaselldecreasel in creditors Net cash used in operating activities {19,1141 (161, 738) Analysis of cash and cash equivalents 2023 2022 Cash in hand Notice deposits {less than 3 months) 12,858 78,851 26,998 78,582 Total cash and cash equivalents 91,709 105,580 Page 25
EAST ANGLIAN DRIVEABILITY LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Analysls of changes In net debt At 1 April 2022 Cash flows At 31 March 2023 Cash at bank and in hand 105.580 {13,8711 91.709 105,580 {13,8711 91.709 19. Pension commitments The Company operates a defined wntribulions scheme. The pension cost charge represents contributions payable by the Company lo the fund and amounted to £14,526 {2022.' £6,707). 20. Operating lease commitments At 31 March 2023 the Company had commitments lo make future minimum lease payments under non- canlIable operating leases as follows.. 2023 2022 Within 1 year Between 1 and 5 years 19,663 39,947 8,970 748 Total 59,610 9, 718 21. Related party transactions There were no related paty transactions in either the current or preceding year. Page 26