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2021-03-31-accounts

Registered number: 04873541 Charity number: 1099931

KICKSTART NORFOLK LTD (A company limited by guarantee)

DE SES NS Tee SE NO SAAS ONL ad ANB DEER TN BE AE IIR IN BREST LOIS BEERS OE SOS SE GOON OS aE LLL TE ES |

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

KICKSTART NORFOLK LTD (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Members ofthe Council of 1
Management and advisers
Directors’ report 2-14
Independent examiner's report 15
Statement of financial activities 16
Balance sheet 17-18
Notestothefinancialstatements 19-35

KICKSTART NORFOLK LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS MEMBERS OF THE COUNCIL

OF MANAGEMENT AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

The following are the members of the Council of Management who acted as directors of the company and served throughout the year unless stated.

Members of the Council of Management

P R Borthwick, Director (resigned 16 June 2020)

Ms R Ditchman, Director and Company Secretary Ms J Jeffery, Director

AR Jones, Director, Treasurer and Chairman R Polley, Director (resigned 23 July 2020) Ms C A White, Director

B L Gaskins, Director

M T Torpey, Director (appointed 22 July 2020)

Y Hendry, Director (appointed 22 July 2020)

Company registered number

04873541

Charity registered number

1099931

Registered office

8 Royson Way, Hurn Road, Dereham, Norfolk, NR19 1WD

Accountants

MA Partners Audit LLP, 7 The Close, Norwich, Norfolk, NR1 4DJ

Bankers

Natwest plc, 45 London Street, Norfolk, NR2 1HX

Lloyds TSB plc, 38 Market Place, Dereham, NR19 2AT

Scottish Widows Bank plc, 67 Mornson Street, Edinburgh, EH3 8YJ

Virgin Money plc, Jubilee House, Gosforth, Newcastle-upon-Tyne, NE3 4PL

Page 1

KICKSTART NORFOLK LTD (A company limited by guarantee)

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The directors present their Annual report together with the financial statements of the company for the year 1 April 2020 to 31 March 2021. The directors 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.

Structure, governance and management

a. Constitution

Kickstart Norfolk Ltd ("Kickstart") was incorporated as a private company limited by guarantee and not having share capital on 21 August 2003 (company number 4873541) and registered as a charity on 9 October 2003 (no 1099931). The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the charitable company being wound up members are required to contribute an amount not exceeding 7a

b. Methods of appointment or election of Directors

Under the requirements of the Memorandum and Articles of Association one third of the members of the Council shall retire from office at each Annual Council meeting and, if appropriate, offer themselves for reelection. Rosemary Ditchman and Jan Jeffery retired by rotation on 22 July 2020 and, being eligible, offered themselves for re-election, and were duly re-elected.

Due to the nature of the charitable company’s work, with its focus on unemployed people and partnership working with statutory agencies and local authorities, the Council seeks to ensure that the needs of unemployed people are appropriately reflected in the professional skills of the trustees. In the event of particular skills being lost due to retirements, individuals with similar skills are approached to offer themselves for election to the Council. Yvonne Hendry and Martin Torpey were elected as new trustees at the Annual meeting on 22 July 2020.

Page 2

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The directors of the company are also charity trustees for the purpose of charity law and under the charitable company’s Articles are known as members of the Council of Management (“the Council”).

The directors and trustees of Kickstart Norfolk are responsible for the strategic direction, financial affairs and overall management of Kickstart Norfolk. This includes their duties under charity law and health and safety legislation.

The Kickstart Council, which normally meets quarterly, currently comprises 7 trustees from a variety of professional backgrounds relevant to the work of the charitable company.

Council members met in person or virtually (due to COVID-19 restrictions) five times during 2020/21, receiving reports and papers to enable them to give direction. In addition to Council meetings, regular meetings were held with the Chair or Treasurer and Kickstart Manager to provide additional oversight of operational strategy and financial matters.

A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the Kickstart Manager, Dale Curtis, who is responsible for ensuring that the charitable company delivers the services specified and that key performance indicators are met. The structure below the Kickstart Manager is at one level with all other staff members reporting direct to the Kickstart Manager.

d. Policies adopted for the induction and training of Trustees

All existing trustees are familiar with the practical work of the charitable company. Trustees have opportunity to consider governance and training issues as part of the review of the risk register and during the trustees’ only parts of Council meetings. New trustees attend a short training session to familiarise themselves with the charitable company and the context within which it operates. These sessions are jointly led by the Chair of the Council of the charitable company and the Kickstart Manager and cover:

Copies of the Memorandum and Articles and the latest financial statements are issued to all new trustees.

Page 3

KICKSTART NORFOLK LTD (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

e. Staff pay

The trustees are not remunerated for their roles, unless this is for specific tasks which are agreed by all Trustees as a required development need for Kickstart and voted on at a Council meeting. There was no remuneration for trustees in this financial year.

Trustees use the NJC pay scales for Kickstart staff with jobs graded in accordance with Norfolk County Council's job evaluation scheme and, where relevant, external market benchmarks such as local rates of pay for motor mechanics. Each staff member has a personal development plan which set priorities and objectives to be met throughout the year: this is the benchmark used for the trustees to agree the next point pay scale rise for each member of staff.

All staff are automatically enrolled into the Royal London Company pension scheme on appointment unless they choose to opt out.

f. Related party relationships

There were no related party transactions during the period.

g. Risk management

The Council has conducted a review of the risks to which the charitable company is exposed. A detailed risk register, based on Charity Commission good practice, is reviewed by trustees on a regular basis. It is updated by the Kickstart Manager and progress reported to trustees. The risk register ensures that risks covering governance, operational, financial, external, health and safety (including fire risks) and compliance with law and revaluations are identified, assessed and mitigated. The risk register details the systems and procedures in place and any new action required to mitigate the risks the charity faces. During 2020/21 priority action was taken to:

We minimise internal financial control risks through the implementation of procedures for authorisation of financial transactions. Documented internal financial controls, which follow Charity Commission good practice guidance, were reviewed in 2020/21 by the Treasurer and the Kickstart Manager, prior to formal adoption by the Council at its meeting in April 2021.

Page 4

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

h. Health and Safety

A health and safety management system signed off by the Chair of the Council, put together with an internal competent person and audited bi-annually by an external registered body, last external audit 25 August 2020, next audit 25 August 2022, ensures compliance with health and safety regulations. These procedures are periodically tested and reviewed to ensure that they continue to meet the needs of the charitable company.

We had two accidents recorded in the Kickstart Norfolk accident book during the year. These were minor and no further action was taken.

Page 5

KICKSTART NORFOLK LTD (A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Plans for future periods

During 2021/22 our aims will be:

Although uncertainties due to the COVID-19 pandemic resulted in a reduction at one point during 2020-21 of 30% of the moped fleet on the road, rider numbers have been recovering since the Spring 2021 and the future continues to look bright for Kickstart. The charity's reputation is strong, our charges to riders are competitive and our business model is robust and geared to delivering a service that meets the needs of our customers. Over the years schemes like ours have been established in other parts of the country but have not lasted. Kickstart continues to thrive, and this has not gone unnoticed within the Motorcycle Industry Association (MCIA), National Wheels 2 Work UK and beyond.

Page 6

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities

a. Policies and objectives

The charitable company’s objectives during the year covered by this report were:

The main activities for the period continued to focus upon the hire of mopeds to unemployed people moving into employment, individuals in low paid work, 16-19-year-olds attending further education, persons making the transition from leaving care to independent living and the Information Advice & Guidance support work to individuals furthest from the labour market under the Tripstart Breckland minibus scheme.

b. Public Benefit

In setting objectives and planning for activities, the directors have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'.

Page 7

KICKSTART NORFOLK LTD (A company limited by guarantee)

ee ee

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

Review of activities

2020/21 was a very challenging year for Kickstart mainly due to the COVID-19 virus and government restrictions. With the lockdowns throughout the year, we had a number of bikes returned due to redundancies or clients being placed on furlough. The number of bikes on the road during the year ranged from 199 — 272. The number of bikes on the road at the end of the 2020-21 financial year was 211.

We were fortunate to benefit from their adaptation, co-operation and loyalty from our staff in dealing with the additional pressures arising from the COVID-19 pandemic. We also created additional office space within our premises to comply with the new safe working requirements.

During 2020/21 we started 285 new moped hires, compared to 376 in 2019/20, a significant decrease of 91 (24.2%). Applications to access the scheme in 2020/21 were 493 compared to 674 in 2019/20 - a decrease of 181 (26.9%). The conversion rate of applications to hires increased from 36.6% in 2019/20 to 40.8% in 2020/21. The main reasons for applicants not converting to rider status were lack of work opportunities and affordability.

Since 2001, Kickstart has helped over 9,000 people with transport to enable them to access employment, search for employment, attend training or education. 15% of our applicants are female, which is a slight decrease on the previous year. We will continue to monitor and promote our services to female applicants to encourage more female users. 5% of applicants are from ethnic minorities, a decrease on previous years. We will continue to monitor and promote our services to ethnic minorities to encourage more users to the scheme.

Kickstart Norfolk continues to operate with some grant support (see the Financial Review section). The Council seeks to keep hire charges as low as possible. During this reporting year the Council made the decision to fix the weekly hire charge at £35 per week for a 50cc moped and £45 for 110cc mopeds.

The Council reluctantly decided to suspend the subsidised scheme for Apprentices throughout this year due to the decrease in income to the charity as a result of COVID-19. We secured funding from Norfolk County Council at the end of Financial Year 2020/21 for a further 3 years and, as a result, the directors have agreed to reinstate the Apprentice scheme in the 2021/22 Financial Year and will review the position for future years towards the end of 2021/22.

The Rural moped scheme continued throughout this year. This scheme is for those that are not work-ready to move closer to, or into, employment. The scheme reduces the hire of the moped to an affordable level for individuals who are not in work for a period of up to 6 months. This year saw us support another 33 individuals on this scheme of whom 21 secured employment.

Kickstart applied to the Driver Vehicle Standards Agency (DVSA) to become an MOT testing station for Class 1 & 2 vehicles in October 2020. We trained one member of staff to become Authorised Examiner Designated Manager (AEDM) and a second to be a Ministry of Transport (MOT) Tester. Both completed the qualifications successfully. Following construction of an MOT testing bay in our premises at Royson Way and an inspection by DVSA, we were given authority to act as a DVSA representative on the 22 January 2021. We have already seen savings on MOT testing costs for ourselves from this new venture and are building up a client base for public testing. Thanks go to JP Blanch Grassroots Fund for funding this initiative.

Page 8

KICKSTART NORFOLK LTD (A company limited by guarantee)

a DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Our insurance claims and rider accident rates continued at a low level, however the premium quoted by our insurers increased. Over the past few years, the National Wheels 2 Work charity has been working on the development of a national insurance policy to be offered to all schemes across the country. Kickstart decided to take advantage of the group policy with a saving on our third-party fleet insurance of £24,000 with effect from the annual renewal date in November 2020. We continue to work with motorcycle trainers and our clients to improve the riding training of our riders, with regular updates from Kickstart throughout the year about safe riding and riding in adverse conditions. Since the insurance renewal in November 2020, we have seen a low number of accidents, which may allow for a reduction in premium at renewal in November 2021.

The achievements and performance described above accord with Kickstart’s current and future objectives. Kickstart achieved self-sustainability in 2013 and this continued throughout the 2020/21 reporting period, even with a reduction of up to 30% in demand due to COVID-19.

Kickstart intends to continue this into the future with a view to growing the scheme back to pre-COVID-19 levels and continuing to offer our services across Norfolk, Suffolk, Cambridgeshire and Rutland.

Page 9

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Success with partners

The Norfolk County Council leaving care scheme continued in 2020/21, resulting in us supporting 16 individuals in securing and maintaining employment, attending training and education, and improving their social skills. Norfolk County Council POST-16 education scheme also enabled us to support 1 individual to attend further education.

A grant of £2,850 from South Norfolk Council helped us support 40 residents either to start the scheme or to subsidise and /or assist with the hire whilst on the scheme in South Norfolk.

A grant for £11,510 was secured from The JP Blanch Grassroots Fund to enable us to set up the MOT Testing Bay. The fund was used to train the staff, construct the bay at Kickstart, purchase the equipment required, and has some funding available to train other staff as Testers in the future.

Kickstart continued to run a pilot minibus transport scheme called Tripstart for Breckland Council. The funding for this scheme has been secured until 31 March 2022 and it is hoped that it will be extended beyond this due to its success. The Tripstart scheme provides clients with transport using the 9-seater mini-bus driven by an Information Advice and Guidance (IAG) worker who gives relevant one-to-one guidance to help individuals who are furthest from the employment market overcome what can often be complex barriers to employment. The pilot scheme ran until end of January 2020, whereupon Breckland District Council agreed to continue this service in their District Council Area. Even though COVID-19 drastically affected the operation of this vital service we have still been able to help 50 individuals with 1:1 individual assistance. 32 males and 18 females were referred to the scheme, of these 14 have been able to start work and sustain work, the remainder have been able to improve a number of the following: their personal skills, vocational preparation social skills and core skills for employment. COVID-19 restricted the face-to-face contact; however, the support worker was still able to achieve some great results for individuals and continues to be in contact with all her clients. In addition, in response to COVID-19 requirements, Tripstart extended its support to include, prescription and medication deliveries, the delivery of food parcels to those most vulnerable, delivery of beds and household furniture and taking individuals to essential medical appointments such flu vaccines, COVID-19 vaccines and hospital appointments. Over this period 2,291 prescriptions, 8,965 medications and 419 food parcels were delivered, and 127 other services completed.

We continue as a delivery partner in the Building Better Opportunities Community Connections project in Greater Cambridge & Greater Peterborough area. The lead partner, the Consultancy Home Counties (TCHC), have several delivery partners assisting them over an initial three-year period and due to its success has now been extended out to June 2023. This project is to move individuals that are furthest away from the labour market along the path towards and into employment.

Page 10

KICKSTART NORFOLK LTD (A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Our impact on riders' lives

It is important for readers of this report to appreciate the wider benefits resulting from our work. An independent research study conducted by ERS Research and Consultancy shows schemes like ours bring many benefits and provide good value for money. The study shows that every £1 subsidy invested in a Wheels 2 Work scheme creates £6.39 of economic benefit.

We do this by reducing both unemployment benefits and housing support and by helping people access work. We help improve riders’ (our beneficiaries) self-esteem, confidence, well-being and social inclusion, road safety and work skills; and we help them access better work opportunities. Our work helps bolster the sustainability of rural communities by reducing the pressure on people to move away to get to work. By staying in the local area, our beneficiaries support the local economy and help counter the demographic changes associated with an ageing rural population. They also help businesses have a wider pool of local people to draw on for their workforce.

National success

Kickstart Norfolk remains the largest Wheels 2 Work scheme in the country and is the only one that is selfsustainable. The Kickstart Manager (Dale Curtis) continues as a director of National Wheels 2 Work UK, which has now secured is full charitable status. The charity will be a grant giving organisation which will assist in the setting up and running of new and existing schemes. A new sustainable model scheme has been developed by the Board of Trustees of the National Wheels 2 Work UK, which will be offered to Local Authorities as an option if they wish to have a sustainable scheme in their area. The Kickstart Manager continues to give guidance to other schemes within the Wheels 2 Work network who are striving to become sustainable. We are currently assisting a number of new ventures either start up or advise on the best way forward in their local areas.

The National Board secured a long sought-after national insurance policy and several schemes across the country, including Kickstart, are now benefitting from the group scheme.

The National Board of Trustees will continue to seek out new opportunities that can benefit all schemes nationally and it is striving to achieve fully coverage across the UK.

Financial review

a. Going concern

After making appropriate enquiries, the reasonable expectation of the trustees is that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 11

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

b. Reserves policy

The charitable company has reserve levels of £360,193. This is made up of restricted funds of £nil and unrestricted funds of £360,193. Included within unrestricted funds are designated funds totalling £255,770 (2020: £253,112). Free reserves defined as net current assets within general unrestricted funds amounted to £104,693 (2020: £175,807).

The Council has examined the charitable company’s requirements for reserves in light of the main risks to the organisation and the current COVID-19 situation. The Council has established a reserves policy which is to retain a cash sum of £100,000 of uncommitted and unrestricted funds in savings accounts. As noted above the drawdown from reserves in 2020/21 to help cushion the impact of the COVID-19 pandemic was less than we expected. Any further reduction in reserves in 2021/22 due to the continuing impact of COVID-19 will be recovered in future years.

The Council has agreed to consider the extent to which activities should be curtailed to accord with the reserves policy as and when the issues arise, but its guiding principle will be in favour of protecting activities that promote self-sustainability of the charity and its objects.

The Council has a high-level contingency plan should the need for significant downsizing or closure arise; it also has a mechanism in place to trigger the necessary discussions should we need to use the £100,000 reserve fund. This mechanism was triggered in 2020/21 as a response to the COVID-19 pandemic, and led to the approval of a revised budget and agreement, if required, to use some of the reserves.

c. Material investments policy

Aside from retaining a prudent amount in reserves most of the charitable company’s funds are expended each year. Having considered the options available, the Council has decided to spread risk by depositing the cash that it has available in:

Page 12

KICKSTART NORFOLK LTD (A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

d. The past year

We continue as a self-sustaining model of operation. We continue to review what we are trying to do, what is the best way to do it and what sustainable income streams are necessary.

Working relationships with work programme providers continued, including the grants and contracts noted above in the section “Success with Partners” i.e

An initial budget was agreed prior to the impact of COVID-19 which would see a small deficit of £7,961. However, due to the impact of the COVID-19 pandemic the budget was re-written and agreed to have a deficit before depreciation of £59,025 and, therefore, a significant drop in our cash reserves. The Trustees agreed this was manageable with the cash reserves available. The actual deficit before depreciation was £13,793 which was achieved by cost savings across all areas from insurance, moped and stock purchases, staffing and general overheads. However, largely due to the impact of depreciation charges on the moped fleet and the temporary suspension of the fleet renewal programme the Balance Sheet deficit for the year was £68,876 (2020: £81,493 deficit). However, largely due to a modification of the fleet renewal programme the value of our fixed assets fell to £198,690 (2020: £245,202).

e. The year ahead

Our budget plan for 2021/22 is for a slight decrease in our reserves of £4,881. The budget will be monitored and revisited in July 2021 and adapted dependant on performance at Kickstart as COVID-19 restrictions are lifted. The budget does not allow for renewal of the fleet however, this will be kept under review depending on demand for our service, income generated against budget and funds available. By the end of the year, we expect our reserves to be lower than in some previous years but nevertheless at an acceptable level given the purposes for which reserves are held and the proven robustness of our business model.

Grants and contracts in the year ahead:

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KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Statement of Directors’ responsibilities

The directors (who are also the directors of the company for the purposes of company law) are responsible for preparing the Directors’ 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 directors to prepare financial statements for each financial year. Under company law, the directors 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 directors are required to:

The directors 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 directors and signed on their behalf by:

wo np an PORT ree eeeessaeceen Chairman and Treasurer Date: 21 July 2021

‘

Page 14

KICKSTART NORFOLK LTD (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the Directors of Kickstart Norfolk Ltd (‘the company’)

| report to the charity Directors on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the Directors 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, | 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 | 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. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | 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.

| 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. This report is made solely to the company's Directors, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the company’s Directors those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the company and the company's Directors as a body, for my work or for this report.

Signed:

----- Start of picture text -----
; Me
----- End of picture text -----

Dated: 23 July 2021

Frank Shippam BSc FCA DChA

Page 15

KICKSTART NORFOLK LTD

(A company limited by guarantee)

ee STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
2021 2021 2021 2020
Note £ £ £ 5
Income from:
Donations and legacies 3 24,360 75,362 99,722 89,018
Charitable activities 4 429,200 . 429,200 471,292
Othertrading activities 5 34,751 . 34,751 42,901
Investments 7 393 ° 393 596
;
Total income		 488,704 75,362 564,066 603,807
Expenditure on:
Raising funds 6 51,961 - 51,961 61,590
Charitable activities 505,469 75,512 580,981 623,710
'
Total expenditure		 557,430 75,512 632,942 685,300
Net movement in funds (68,726)
(150)
(68,876)
eS		 (81,493)
Reconciliation of funds:
Total funds brought forward 428,919 150 429,069 510,562
Netmovement in funds (68,726) (150) (68,876) (81,493)
360,193 - 360,193 429,069
Totalfundscarriedforward eS

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 19 to 35 form part of these financial statements.

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KICKSTART NORFOLK LTD

(A company limited by guarantee) REGISTERED NUMBER: 04873541

BALANCE SHEET

AS AT 31 MARCH 2021

2021 2020
Note £ £
Fixed assets
Tangible assets 12 198,690 245,202
198,690 245,202
Current assets
Stocks 13 22,288 30,180
Debtors 14 40,552 §3;552
Cash at bank and in hand 139,866 139,698
202,706 223,430
Creditors: amounts falling due within one
year 15 (41,203) (39,563)
Net current assets 161,503 183,867
Total assets less current liabilities 360,193 429,069
Total net assets 360,193 429,069
Charity funds
Restricted funds 17 - 150
Unrestricted funds Ve 360,193 428,919
Totalfunds 360,193 429069

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 Directors 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.

Page 17

eee

KICKSTART NORFOLK LTD

(A company limited by guarantee) REGISTERED NUMBER: 04873541

nD

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

Oe

The financial statements were approved and authorised for issue by the Directors and signed on their behalf by:

AR Joneswe KO Chairman and Treasurer

°

Date: 21 July 2021

The notes on pages 19 to 35 form part of these financial statements.

aee

Page 18

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

  1. Accounting policies

1.1 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.

Kickstart Norfolk Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

In assessing the appropriateness of the going concern assumption, the Directors have reviewed budgets and assessed the level of funds expected to be held in the 12 months from approving these financial statements. The Directors are satisfied that the company will be able to meet its liabilities as they fall due and have therefore concluded that it is appropriate for the financial statements to be prepared on the going concern basis.

1.3 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.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Incoming resources from grants and subsidies, where related to performance and _ specific deliverables, are accounted for as the company earns the right to consideration by its performance. Grants and subsidies where entitlement is not conditional on delivery of a specific performance by the company, are recognised when the company becomes unconditionally entitled to the grant.

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KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

‘is Accounting policies (continued)

1.4 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.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

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:

Motor vehicles - 5 years straight line Equipment - 3 years straight line

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

1.7 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.

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.

Page 20

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.9 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.

1.10 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.

1.11 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.

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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.

Page 21

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2: Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgement:

1) Useful economic lives of tangible and intangible assets

The trustees set depreciation rates for depreciable assets based on their useful lives and residual value. This requires estimation of the expected utility of the assets.

2) Bad debt provision

The trustees have made a provision for trade debtors which are not deemed to be recoverable. The estimation is based on a review of amounts which were overdue for payment at the balance sheet date.

Page 22

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from subsidies and other funding

Unrestricted Restricted Total
funds funds funds
2021 2021 2021
£ £ £
Grants
Building Better Opportunities - 11,502 11,502
Norfolk Community Grant - 11,510 11,510
Tripstart - 49,500 49,500
NCC PTS 15,791 - 15,791
Other 8,569 2,850 11,419
24,360 75,362 99,722

The Charity furloughed some of its staff under the government's Coronavirus Job Retention Scheme. The funding of £8,569 is included in other unrestricted income and relates to staff costs which are included within note 10 below.

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ £ E
Grants
Building Better Opportunities . 12,942 12,942
Norfolk Community Grant - 6,000 6,000
Tripstart . 32,500 32,500
Tripstart - Minibus scheme . 16,500 16,500
NCC PTS 17,226 - 17,226
Other 1,000 2,850 3,850
18,226 70,792 89,018

Page 23

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Income from charitable activities

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|£| |Rider|contributions|391,138|391,138|416,911| |Moped|insurance|claims|and|repairs|15,408|15,408|17,857| |Service|Level|Agreement|income|21,888|21,888|34,425| |Miscellaneous|766|766|2,099| |429,200|429,200|471,292| |5.|Income|from|fundraising|trading|activities| |Income|from|non|charitable|trading|activities| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|£| |Sale|of|safety|equipment|and|moped|parts|34,751|34,751|42,901|

----- End of picture text -----

  1. Expenditure on raising funds

Expenditure on non charitable trading activities

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|funds|funds| |2021|2021|2020| |£|£|rs| |Costs|of|safety|equipment|and|moped|parts|51,961|51,961|61,590|

----- End of picture text -----

Page 24

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Ts Investment income

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ a
Bank interest receivable 393 393 596

8. Analysis of expenditure by activities

Activities
undertaken
directly		 Support
costs		 Total
funds
2021 2021 2021
£ £ £
Charitable activities 483,245 97,736 580,981
Activities
undertaken
directly		 Support
costs		 Total
funds
2020 2020 2020
£ £ a
Charitable activities 525,176 98,534 623,710

Page 25

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Total Total
funds funds
2021 2020
£ £
Staff costs 262,590 252,263
Depreciation 54,815 64,467
CBT training fees (911) 11,079
Repairs and servicing to vehicles 32,330 38,382
Vehicle licences 6,343 8,438
Vehicle insurance 129,050 151,645
(Profit) / Loss on disposal of assets (2,522) (3,047)
Recruitment and training 1,550 1,949
483,245 525,176

Page 26

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of support costs

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Total|Total| |funds|funds| |2021|2020| |£|£| |Depreciation|268|276| |Light|and|heat|3,955|4,306| |Office|stationary,|equipment|and|hire|10,861|6,449| |Publicity|3,220|2,612| |Subscriptions|1,435|1,909| |Rent|and|insurance|17,129|16,276| |Bad|debts|written|off|23,202|36,451| |Vehicle|hire|3,745|936| |Repairs|and|renewals|16,431|3,438| |Sundry|expenses|(2,946)|(945)| |Travelling|costs|5,048|5,725| |Telephone|and|post|4,104|5,676| |Professional|fees|370|3,863| |Bank|charges|6,731|7,392| |Governance|costs|4,183|4,170| |97,736|98,534|

----- End of picture text -----

  1. Independent examiner's remuneration

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Fees|payable|to|the|company's|independent|examiner|for|the|independent| |examination|of|the|company's|annual|accounts|2,850|2,714| |Fees|payable|to|the|company's|independent|examiner|in|respect|of:| |All|other|services|not|included|above|250|250|

----- End of picture text -----

Page 27

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Staff costs

2021 2020
£ £
Wages and salaries 229,763 219,563
Social security costs 17,980 16,526
Contribution to defined contribution pension schemes 14,847 16,174
262,590 252,263

Included in the above are redundancy payments totalling £3,999 (2020: ENil).

The average number of persons employed by the company during the year was as follows:

2021 2020
No. No.
Employees 11 10

No employee received remuneration amounting to more than £60,000 in either year.

The company's key management personnel comprise the Directors and the project manager. The total employment benefits of key management personnel were £45,019 (2020: £42,988).

11. Directors’ remuneration and expenses

During the year, no Directors received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 March 2021, no Director expenses have been incurred (2020 - £NIL).

Page 28

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Tangible fixed assets

Plant and Motor Fixtures and
machinery vehicles fittings Total
£ £ £ £
Cost or valuation
At 1 April 2020 417,009 31,853 26,816 475,678
Additions 18,934 ~ - 18,934
Disposals (36,140) - - (36,140)
At 31 March 2021 399,803 31,853 26,816 458,472
Depreciation
At 1 April 2020 184,605 19,389 26,482 230,476
Charge for the year 52,140 2,675 268 55,083
On disposals (25,777) - - (25,777)
At 31 March 2021 210,968 22,064 26,750 259,782
Net book value
At 31 March 2021 188,835 9,789 66 198,690
At31 March 2020 232,404 12,464 334 245,202
13. Stocks
2021 2020
£ ye
Safetyequipmentandmopedparts 22,288 30,180

Page 29

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Debtors

2021 2020
£ £
Due within one year
Trade debtors 24,937 30,901
Other debtors 1,098 -
Prepayments and accrued income 14,517 22,651
40,552 53,552
15. Creditors: Amounts falling due within one year
2021 2020
a ie
Trade creditors 10,288 3,688
Other taxation and social security 25,349 30,467
Pension fund loan payable 1,457 881
Other creditors 180 180
Accruals and deferred income 3,929 4,347
41,203 39,563
16. Financial instruments
2021 2020
£ £
Financial assets
Financialassetsmeasuredatfairvaluethroughincomeandexpenditure 139,866 139,698

15. Creditors: Amounts falling due within one year

Financial assets measured at fair value through income and expenditure comprise cash and cash equivalents.

Page 30

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 Transfers 31 March
April 2020 Income Expenditure in/out 2021
£ £ £ £ £
Unrestricted funds
Designated funds
Lease commitments 7,910 - - 49,170 57,080
Capital 245,202 - (55,083) 8,571 198,690
253,112 - (55,083) 57,741 255,770
General funds
General Funds 175,807 488,704 (502,347) (57,741) 104,423
Total Unrestricted funds 428,919 488,704 (557,430) - 360,193
Restricted funds
South Norfolk District Council 150 2,850 (3,000) - -
Building Better Opportunities - 11,502 (11,502) - -
Tripstart - 49,500 (49,500) - -
Norfolk Community Grant - 11,510 (11,510) - -
150 75,362 (75,512) - -
Totaloffunds 429,069 564,066 (632,942) - 360,193

Page 31

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Statement of funds (continued)

Restricted funds for capital expenditure are given for the purpose of acquiring capital assets. Once acquired, the restriction has been fulfilled and the resulting asset is transferred to the capital designated fund unless there is a directive from the donor to the contrary.

South Norfolk District Council ("SNDC") is a subsidised scheme run by ourselves and funded by SNDC for any individual that comes onto our scheme residing in the SNDC area. The fund enables each rider to have a £50 subsidy to assist them to access to scheme.

The Get Britain Working project, supported directly by the Jobcentre Plus, is helping to improve employment outcomes or prospects of future employment outcomes for long-term unemployed individuals and groups by providing moped training, equipment and loan of a moped.

The Better Building Opportunities fund relates to grants received to assist the lead partner, The Consultancy Home Counties, over a three-year period to move individuals that are furthest away from the labour market along the path towards and into employment. This fund has been extended to August 2021.

Breckland Tripstart Minibus Scheme ('Tripstart") is a 1-year pilot scheme funded by the New Anglia Local Enterprise Partnership, Breckland District Council, The Department for Work and Pensions and Kickstart. It is designed to work in the Breckland District Council area of Norfolk with individuals that are furthest from the labour market and that require information, advice and guidance to assist in their move closer to the labour market.

The Norfolk Community Grant of £11,510 is given to us from The JP Blanch Grassroots Fund and is to support an apprentices at Kickstart through the 2nd Year of his apprenticeship. They also supported his ist year with the same amount.

Page 32

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Statement of funds (continued)

Statement of funds - prior year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Transfers|31|March| |1|April 2019|Income|Expenditure|in/out|2020| |Es|£|2|£|zai| |Unrestricted|funds| |Designated|funds| |Lease|commitments|21,239|-|-|(13,329)|7,910| |Capital|279,709|-|(64,744)|30,237|245,202| |300,948|:|(64,744)|16,908|253,112| |General|funds| |General|Funds|134,336|533,016|(474,637)|(16,908)|175,807| |Total|Unrestricted|funds|435,284|-|(539,381)|-|428,919| |Restricted|funds| |South|Norfolk|District|Council|-|2,850|(2,700)|-|150| |Get|Britain|Working|493|-|(493)|-|-| |Building|Better|Opportunities|36,692|12,942|(49, 634)|-|-| |Tripstart|38,093|49,000|(87,093)|-|-| |Norfolk|Community|Grant|-|6,000|(6,000)|-|-| |75,278|70,792|(145,920)|-|150| |Total|of funds|510,562|70,792|(685,301)|-|429,069|

----- End of picture text -----

Page 33

veSS

KICKSTART NORFOLK LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

18. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 Transfers 31 March
April 2020 Income Expenditure in/out 2021
£ £ £ £ £
Designated funds 253,112 - (55,083) 57,741 255,770
General funds 175,807 488,704 (502,347) (57,741) 104,423
Restricted funds 150 75,362 (75,512) - -
429,069 564,066 (632,942) - 360,193
Summary offunds- prioryear
Balance at
Balance at Transfers 31 March
1 April 2019 Income Expenditure in/out 2020
£ £ a £ £
Designated funds 300,948 - (64,744) 16,908 263,112
General funds 134,336 533,016 (474,637) (16,908) 175,807
Restricted funds 75,278 70,792 (145,920) - 150
510,562 603,808 (685,307) - 429,069
  1. Analysis of net assets between funds Analysis of net assets between funds - current year
Unrestricted Total
funds funds
2021 2021
= £
Tangible fixed assets 198,690 198,690
Current assets 202,706 202,706
Creditors due within one year (41,203) (41,203)
Total 360,193 360,193

Page 34

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ za £
Tangible fixed assets 245,202 - 245,202
Current assets 223,280 150 223,430
Creditors due within one year (39,563) - (39,563)
Total 428,919 150 429,069

20. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,847 (2020: £16,174). Contributions totalling £1,457 (2020: £881) were payable to the fund at the balance sheet date and are included in creditors.

21. Operating lease commitments

At 31 March 2021 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2021 2020
£ £
Not later than 1 year 13,330 7,080
Later than 1 year and not later than 5 years 43,750 830
57,080 7,910

22. Related party transactions

There were no related party transactions in the year (2020: Enil).

Page 35