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
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## 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.
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## 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:
- ° the obligations of Council members; ° the main documents which set out the operational framework for the charitable company, including the Memorandum and Articles;
- ° resourcing and the current financial position shown in quarterly budget reports; ° future plans and objectives.
Copies of the Memorandum and Articles and the latest financial statements are issued to all new trustees.
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## 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:
- ° review of the pricing strategy,
- ° applying for and setting up an MOT testing bay;
- ° cementing the Tripstart Breckland programme
- . seeking one-off grants to support specific service users.
- ° ensuring compliance with COVID-19 regulations including the provision of additional office space and toilet facilities
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.
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## 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.
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## 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:
- ° To monitor and, as necessary, revisit the 2021-22 budget as the country, and the company, recover from the impact of COVID-19 restrictions.
- ° Subject to the above, to restore the fleet renewal programme, with a view to: fe) Selling the 3-5-year-old 110cc moped fleet and purchasing new replacements. fe) MOT our 3-8-year-old 50cc fleet as these mopeds are not reaching high mileage levels or any problems.
- fe) Purchase more fleet bikes if the demand for our service rises and where funds allow it. (e) Look at new models of mopeds to replace the fleet with an emphasis on electric mopeds/scooters.
- . To monitor the costs and benefits from our new MOT testing facility. . To work with District Councils on specific challenges such as the Tripstart minibus service in Breckland District Council area and offer a similar service to other District Council areas.
- . To extend our coverage across all parts of the counties of Norfolk, Suffolk, Cambridgeshire and Rutland. . To grow our partnership working, creating new and maintaining existing relationships with our current partners and extending our services to new partners.
- . To offer an affordable and competitive service. . To deliver better customer service and maintain effective credit control by: fe) ensuring regular contact with customers. fe) asking our customers to inform us of any improvements we can make. fe) ensuring all customers set up direct debits for payments and discussing payment plans for individuals that may have arrears.
- . To secure new funding streams across the counties of Norfolk, Suffolk, Cambridgeshire and Rutland to assist, where possible, our beneficiaries to access our service at reduced rates.
- . To sustain and improve moped issues by: fe) continuing our strategic working relationship with Norfolk County Council which includes a focus on education and the leaving care teams;
- fe) continuing our work with Job Centre Plus to get the unemployed into work; fe) growing our area of coverage across Cambridgeshire, Peterborough, Suffolk and Rutland; fe) working collaboratively with other organisations within our area under the Building Better Opportunities EU funding stream.
- fe) supporting national wheels to work (W2WUK).
- We will also continue to improve the way we work. This will involve, amongst other things:
- . maintaining our policy of reducing the number of riders who default on their payments;
- . nurturing our staff to ensure we are furthering their careers and growing experienced employees for Kickstart;
- . improving our operational management data to better aid our decision making.
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.
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## 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 prevention or relief of poverty by the provision of grants, items, equipment and services to individuals in need and/or to charities or other organisations working to prevent or relieve poverty.
- . The relief of unemployment for the public benefit of persons who are unemployed or are in low paid work and who are restricted by transport limitations principally by the provision of mopeds or other twowheeled vehicles on such terms as the Council may decide to facilitate access to and the use of work opportunities or alternative work opportunities and/or training which is likely to lead to work opportunities or alternative work opportunities.
- . To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of people who are socially excluded, and assisting them to integrate into society principally, but not exclusively, by relieving people who are socially excluded through low or no income and who have responsibilities for the care of a family member by providing mopeds or other two-wheeled vehicles to facilitate access to education and/or training and to social exchange to develop opportunities for integration into society and/or work.
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)'.
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## 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.
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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.
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## 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.
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## 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.
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## 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:
- . Two immediate access current accounts yielding 0% interest. . One immediate access deposit account yielding 0.1% from Scottish Windows and one 7-day access account yielding 0.1% from Virgin Money at 31 March 2021
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## 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
- . The Building Better Opportunities grant which started in 2016 and has been extended to June 2023. . The Tripstart Breckland minibus scheme, now extended to March 2022. . The Norfolk County Council Travel and Transport grant secured until March 2024. . The Rural moped scheme will continue through until February 2022.
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:
- . Only one general grant remains for 2021/22 with local councils: that is for £17,226 with Norfolk County Council Passenger Transport Group (secured through until 2024)
- ° Service level agreements to provide support for post-16 education and leaving care with Norfolk County Council remain, hopefully, realising about £38,000 in 2021/22.
- . We still have an agreement with Job Centre Plus to help fund the upfront costs of getting the unemployed onto a moped; funding around £265 per individual.
- . We have the BBO fund throughout the year of 2021/22 which will have a value of £12,400. ° We have the Tripstart Breckland Minibus scheme throughout the year 2021/22 which has a budget of £66,000.
- ° We will continue to seek grants for one-off purchase initiatives for which we require funding, such as moped purchases, new user group projects, development of the offices at Kickstart etc.
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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:
- ° select suitable accounting policies and then apply them consistently;
- ° observe the methods and principles of the Charities SORP (FRS 102);
- ° make judgements and accounting estimates that are reasonable and prudent;
- ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The 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
‘
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## 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.
Page 16
## 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.
Page 19
## 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
- 1.6 Stocks
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.
- 1.8 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.
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 -----**
6. 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 -----**
9. 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|
19. 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).
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