**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 2024**
## **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 2024**
|**Trustees**|Mr C D Wright|
|---|---|
||Mr J Rawlings (resigned 31 October 2023)|
||Mr J Griffith (resigned 31 October 2023)|
||Mr P Short (resigned 28 August 2024)|
||Ms V Hull (resigned 28 August 2024)|
||Ms K Paylor-Bent|
||Mr S Perry|
|**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
1st Floor Prospect House
Rouen Road
Norwich
NR1 1RE
**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 2024**
The Trustees present their annual report together with the financial statements of the Company for the 1 April 2023 to 31 March 2024. 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 2023/24 were to conduct 1669 assessments. This was set slightly higher than the previous year as referral and assessment rates were increasing. The actual number of assessments conducted was 1696. This is 1.5% above target and therefore there is no clawback of funding. Next years targets will be slightly higher to reflect this increase.
All outreach services are busy and waiting times for assessments are currently averaging 18 weeks as of October 2024. There have been new appointments of assessment staff and admin to deal with the increase of referrals.
Referral numbers are continuing to increase and this predominantly down to increasing the number of presentations to health professionals and collaborative working with NHS services.
Service promotion remains a focus of EAD with presentations delivered both virtually and in person.
The Regional Transport Hub has received funding for the coming year ( 2024-25) and is continuing to be a popular service at EAD.
## **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 2024**
## **Achievements and performance**
## **a. Review of activities**
EAD has exceeded the targets for assessments this year and has increased its targets in the following year..
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 services and has been realised in an increase in referrals.
EAD has run several training sessions for retailers of powered wheelchairs and mobility scooters which is building good links for those who need clinical input when considering whether a mobility scooter is the correct and safe choice.
The assessments comprised this year of 88% driving assessments, 9% review assessments, 2% passenger assessments and 1% scooter and wheelchair assessments. This is proportionally similar to last 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**
Driving remains an important part of social structure and referrals are continuing to rise with targets being exceeded by 1.5% this year. The increasing number of referrals has meant a small amount of the reserves have been spent to allow for additional staff to be trained but it is expected that this will be realised in the number of assessments conducted in coming years.
The Hub is now a recognised service within EAD and the demand for the driving tuition service is also now growing.
It has been necessary to employ additional staff to keep up with demand for both tuition and assessments.
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 2024**
## **b. Reserves policy**
General funds of the Charity at 31 March 2024 amounted to £253,495 (2023: £299,406) this includes free funds (which excludes tangible fixed assets) of £156,850 (2023: £219,566). 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 2024 restricted funds amounted to £55,024 (2023: £38,404). 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 £637,221 was received during the year from DfT. The Hubs Mobility Advice Service was funded at a total annual income of £38,700.
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 2024**
## **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 2023 was 7.
## **d. Pay policy for senior staff**
The remuneration for senior staff is determined by the Board of Trustees. Remuneration is subject to periodic market reviews and independent evidence and advice is obtained to inform the decision-making process, before any changes are made. Any proposed changes will be recommended to the Board of Trustees for consideration and approval.
In addition, the remuneration for senior staff will be subject to annual review as part of the organisation's evaluation of pay inflation and consequential recommendations to the Board of Trustees to make a pay award, if any.
The Trustees received no remuneration for their time during the year.
## **e. 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.
The principal risk is loss or reduction in our Department for Transport (DfT) funding. However funding is secured for 2023/24, our relationship with DfT is good, and there is no indication this will not continue.
Page 5
EAST ANGLIAN DRIVEABILITY LIMITED
(A company Ilmited by guaranteo
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
Explore opening an outreach ntre in the Southend area to reduce travel time for dients. reduce vmiting Sist
and comply with aims.
To increase the number of povRred vtheelchair and mobility s(x)ctsr assessments that are undertaken.
To consolidate the driving tuition seDiice at main ntre9 and expand to indude the outr6aches.
To continue our digrtal marketing and the ability to reath a wtder range of dients.
To increase staffing levels to meet the demand for serviceg and reduce waiting times.
Statement of Trustees, responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) arè responsible for
preparing the Trustees, report and the finanaal statements in accordance with applicable law and United
Krngdom Accounting Standards (United Kingdom Generally Apted Accounting Practicè).
Company law requires the Trustees to prepare financial statements for each financlal . Under company law, the
Trustees must not approve the finanaal 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 pNdent,'
state whether applicable UK Accounting Standards (FRS 102) have been followed, subJ"erA to any
material departures disdosed and explained in the financial statements..
prepare the finanGial statements on the going Goncern 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 Companvs transactions and disdose with reasonable accuracy at any time the financyal position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 20C6. 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 irregularitios.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mr J Griffith
(Trustee)
Page 6
## **EAST ANGLIAN DRIVEABILITY LIMITED**
**(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024**
## **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 2024.
## **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 2024**
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
26 November 2024
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 2024**
|**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**
**2024**
**£**
**637,221**
**177,449**
**674**
**11,098**
**826,442**
**874,465**
**874,465**
**(48,023)**
**2,112**
**(45,911)**
**299,406**
**(45,911)**
**253,495**|**Restricted**
**funds**
**2024**
**£**
**38,700**
**-**
**-**
**-**
**38,700**
**22,080**
**22,080**
**16,620**
**-**
**16,620**
**38,404**
**16,620**
**55,024**|**Total**
**funds**
**2024**
**£**
**675,921**
**177,449**
**674**
**11,098**
**865,142**
**896,545**
**896,545**
**(31,403)**
**2,112**
**(29,291)**
**337,810**
**(29,291)**
**308,519**|_Total_
_funds_
_2023_
_£_
_622,216_
_139,628_
_283_
_8,347_
_770,474_
_810,997_
_810,997_
_(40,523)_
_3,647_
_(36,876)_
_374,686_
_(36,876)_
_337,810_|
|---|---|---|---|---|
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 2024**
|**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**|**41,399**
**41,305**
**82,704**
**(42,519)**|**2024**
**£**
**96,645**
**171,689**
**268,334**
**40,185**
**308,519**
**55,024**
**253,495**
**308,519**|_52,380_
_91,709_
_144,089_
_(55,696)_|_2023_
_£_
_79,840_
_169,577_|
|---|---|---|---|---|
|||||_249,417_
_88,393_|
||||||
|||||_337,810_|
|||||_38,404_
_299,406_|
||||||
|||||_337,810_|
Page 10
EAST ANGLIAN DRIVEABIUTY LIMITED
(A company limited by guarnntee
REGISTERED NUAqBER: 02663550
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtsin an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Tntstees acknowledge their responsibilities for complying with the requirements of the Act wFth respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in ardance with the provisions applicable to entities subject to
the small companies regime.
The financial statements vRre approved and authorised for issue by the Trustees and signed on their behalf by..
Mr J Griffith
(rrustee)
Date:
The notes on pages 13 to 26 fom part of these financial statements.
Page11
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024**
|**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
Proceeds from sale of investments
Purchase of investments
**Net cash (used in)/provided by 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**
The notes on pages 13 to 26 form part of these financial statements|**2024**
**£**
**(21,917)**
**9,525**
**(38,012)**
**-**
**-**
**(28,487)**
**(50,404)**
**91,709**
**41,305**|_2023_
_£_
_(19,114)_
_9,518_
_(11,797)_
_89,077_
_(81,555)_
**5,243**
**(13,871)**
_105,580_
_91,709_|
|---|---|---|
Page 12
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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**
Driving remains an important part of social structure and referrals are continuing to rise with targets being exceeded by 1.5% this year. The increasing number of referrals has meant a small amount of the reserves have been spent to allow for additional staff to be trained but it is expected that this will be realised in the number of assessments conducted in coming years.
The Hub is now a recognised service within EAD and the demand for the driving tuition service is also now growing.
It has been necessary to employ additional staff to keep up with demand for both tuition and assessments.
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 2024**
## **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 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.
Page 14
# **EAST ANGLIAN DRIVEABILITY LIMITED**
**(A company limited by guarantee)**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **2. Accounting policies (continued)**
## **2.6 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.
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|
## **2.7 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.
## **2.8 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.
## **2.9 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.
## **2.10 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 2024**
## **2. Accounting policies (continued)**
## **2.11 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.
## **2.12 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.
## **2.13 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**|**Restricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**2024**|**2024**|**2024**|
||**£**|**£**|**£**|
|Grants|637,221|38,700|**675,921**|
Page 16
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **3. Income from donations and grants (continued)**
|Donations and legacies
Grants|_Unrestricted_
_funds_
_2023_
_£_
_150_
_583,366_
_583,516_|_Restricted_
_funds_
_2023_
_£_
_-_
_38,700_
_38,700_|_Total_
_funds_
_2023_
_£_
_150_
_622,066_|
|---|---|---|---|
||||_622,216_|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Assessment fees
167,726
Other income
9,723
177,449
_Unrestricted_
_funds_
_2023_
_£_
Assessment Fees
_130,307_
Other income
_9,321_
_139,628_|**Total**
**funds**
**2024**
**£**
**167,726**
**9,723**|
|---|---|
||**177,449**|
||_Total_
_funds_
_2023_
_£_
_130,307_
_9,321_|
||_139,628_|
Page 17
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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**
**2024**
**£**
674
_Unrestricted_
_funds_
_2023_
_£_
_283_
**Activities**
**undertaken**
**directly**
**2024**
**Support**
**costs**
**2024**
**£**
**£**
809,414
87,131
_Activities_
_undertaken_
_directly_
_2023_
_Support_
_costs_
_2023_
_£_
_£_
_722,642_
_88,355_|**Total**
**funds**
**2024**
**£**
**674**|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_283_|
|||**Total**
**funds**
**2024**
**£**
**896,545**|
|||_Total_
_funds_
_2023_
_£_
_810,997_|
## **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 2024**
## **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**
**2024**
**£**
**646,354**
**58,887**
**13,919**
**59,379**
**24,898**
**5,977**
**809,414**|_Total_
_funds_
_2023_
_£_
_592,225_
_52,717_
_9,639_
_45,371_
_18,754_
_3,936_|
|---|---|---|
|||_722,642_|
## **Analysis of support costs**
|Light & heat
Water rates
Insurance
Telephone
Cleaning & housekeeping
Irrecoverable VAT
Bank charges
Bad debts
Depreciation
Sundry
Accountancy
Legal & professional fees|**Total**
**funds**
**2024**
**£**
**14,640**
**4,247**
**13,237**
**2,237**
**96**
**8,215**
**1,388**
**-**
**11,682**
**13,814**
**5,193**
**12,382**
**87,131**|_Total_
_funds_
_2023_
_£_
_12,861_
_3,149_
_11,430_
_4,040_
_49_
_8,116_
_1,159_
_7,643_
_14,356_
_7,065_
_4,261_
_14,226_|
|---|---|---|
|||_88,355_|
Page 19
**EAST ANGLIAN DRIVEABILITY LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,370 ( _2023_ - _£2,155_ ).
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2024**
**£**
**583,277**
**49,662**
**13,415**
**646,354**|_2023_
_£_
_537,987_
_39,712_
_14,526_|
|---|---|---|
||||
|||_592,225_|
The average number of persons employed by the Company during the year was as follows:
|Management
Assessors
Administration|**2024**
**No.**
**2**
**17**
**6**
**25**|_2023_
_No._
_2_
_16_
_6_|
|---|---|---|
||||
|||_24_|
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 £66,934 (2022: £59,244).
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 March 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
Page 20
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2023
Additions
Disposals
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Freehold**
**property**
**£**
**83,302**
**-**
**-**
**83,302**
**20,008**
**-**
**-**
**20,008**
**63,294**
_63,294_|**Motor**
**vehicles**
**Fixtures**
**and fittings**
**£**
**£**
**101,682**
**87,417**
**33,176**
**-**
**(17,070)**
**-**
**117,788**
**87,417**
**93,949**
**85,117**
**7,743**
**835**
**(7,545)**
**-**
**94,147**
**85,952**
**23,641**
**1,465**
_7,733_
_2,300_|**Computer**
**equipment**
**£**
**45,604**
**-**
**-**
**45,604**
**44,700**
**516**
**-**
**45,216**
**388**
_904_|**Other fixed**
**assets**
**£**
**107,714**
**4,836**
**-**
**112,550**
**102,105**
**2,588**
**-**
**104,693**
**7,857**
_5,609_|**Total**
**£**
**425,719**
**38,012**
**(17,070)**
**446,661**
**345,879**
**11,682**
**(7,545)**
**350,016**
**96,645**
_79,840_|
|---|---|---|---|---|---|
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
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**11.**
**Fixed asset investments**
**Cost or valuation**
At 1 April 2023
Revaluations
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
Fixed asset investments represent investments in FTSE 100 Kick-out deposit plans.|**Listed**
**investments**
**£**
**169,577**
**2,112**|
|---|---|
||**171,689**|
||**171,689**|
||_169,577_|
|||
## **12. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**14,652**
**4,818**
**21,929**
**41,399**|_2023_
_£_
_14,934_
_454_
_36,992_
_52,380_|
|---|---|---|
Page 22
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **13. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**12,557**
**12,449**
**11,511**
**6,002**
**42,519**|_2023_
_£_
_32,420_
_-_
_19,457_
_3,819_|
|---|---|---|
||||
|||_55,696_|
## **14. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2023**
**£**
**Unrestricted funds**
General Funds
**299,406**
**Restricted funds**
Regional Transport Hub
**38,404**
**Total of funds**
**337,810**|**Income**
**£**
**Expenditure**
**£**
**826,442**
**(874,465)**
**38,700**
**(22,080)**
**865,142**
**(896,545)**|**Gains/**
**(Losses)**
**£**
**2,112**
**-**
**2,112**|**Balance at**
**31 March**
**2024**
**£**
**253,495**|
|---|---|---|---|
||||**55,024**|
||||**308,519**|
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
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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 2022_
_£_
_287,917_
_63,452_
_351,369_
_23,317_
_374,686_|_Income_
_£_
_731,774_
_-_
_731,774_
_38,700_
_770,474_|_Expenditure_
_£_
_(787,384)_
_-_
_(787,384)_
_(23,613)_
_(810,997)_|_Gains/_
_(Losses)_
_£_
_-_
_3,647_
_3,647_
_-_
_3,647_|_Balance at_
_31 March_
_2023_
_£_
_232,307_
_67,099_|
|---|---|---|---|---|---|
||||||_299,406_|
||||||_38,404_|
||||||_337,810_|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
96,645
Fixed asset investments
171,689
Current assets
27,680
Creditors due within one year
(42,519)
**Total**
253,495|**Restricted**
**funds**
**2024**
**£**
-
-
55,024
-
55,024|**Total**
**funds**
**2024**
**£**
**96,645**
**171,689**
**82,704**
**(42,519)**|
|---|---|---|
|||**308,519**|
Page 24
**(A company limited by guarantee)**
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_79,840_
_169,577_
_105,685_
_(55,696)_
_299,406_|_Restricted_
_funds_
_2023_
_£_
_-_
_-_
_38,404_
_-_
_38,404_|_Total_
_funds_
_2023_
_£_
_79,840_
_169,577_
_144,089_
_(55,696)_
_337,810_|
|---|---|---|---|
## **16. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net expenditure for the period (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Gains on investments
Loss/(profit) on the sale of fixed assets
Decrease in debtors
Increase/(decrease) in creditors
**Net cash used in operating activities**
**17.**
**Analysis of cash and cash equivalents**
Cash in hand
Notice deposits (less than 3 months)
**Total cash and cash equivalents**|**2024**
**£**
**(29,291)**
**11,682**
**(2,112)**
**-**
**10,981**
**(13,177)**
**(21,917)**
**2024**
**£**
**1,791**
**39,514**
**41,305**|_2023_
_£_
_(36,876)_
_14,356_
_(3,647)_
_(8,347)_
_9,446_
_5,954_
_(19,114)_
_2023_
_£_
_12,858_
_78,851_
_91,709_|
|---|---|---|
Page 25
## **EAST ANGLIAN DRIVEABILITY LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **18. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2023**
**£**
**91,709**
**91,709**|**Cash flows**
**£**
**(50,404)**
**(50,404)**|**At 31 March**
**2024**
**£**
**41,305**|
|---|---|---|---|
||||**41,305**|
## **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 £13,415 (2023: £14,526).
## **20. Operating lease commitments**
At 31 March 2024 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**|**2024**
**£**
**19,663**
**20,217**
**39,880**|_2023_
_£_
_19,663_
_39,947_|
|---|---|---|
|||_59,610_|
## **21. Related party transactions**
There were no related party transactions in either the current or preceding year.
Page 26