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2022-03-31-accounts

Registered number: 04873541 Charity number: 1099931

KICKSTART NORFOLK LTD

(A company limited by guarantee)

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

KICKSTART NORFOLK LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Members of the Council of 1
Management and advisers
Directors' report 2 - 14
Independent examiner's report 15
Statement of financial activities 16
Balance sheet 17 - 18
Statement of cash flows 19
Notes to the financial statements 20 - 37

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 2022

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

Ms R Ditchman, Director and Company Secretary

Ms J Jeffery, Director

A R Jones, Director, Treasurer and Chairman

Ms C A White, Director

B L Gaskins, Director

M T Torpey, Director

Y Hendry, Director

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 2022

The Directors present their Annual report together with the financial statements of the company for the year 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Directors' report and a directors' report under company law. 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 £1.

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 re-election. Alan Jones and Ben Gaskins retired by rotation on 21st July 2021 and, being eligible, offered themselves for reelection, 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. A number of potential Trustees have been approached this year but have yet to commit to becoming a Trustee of Kickstart.

Page 2

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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) six times during 2021-2022, 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 2022

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 2021/22 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 2021/22 by the Treasurer and the Kickstart Manager, prior to formal adoption by the Council at its meeting in April 2022.

Page 4

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 2022

Plans for future periods

During 2022/23 our aims will be:

We will also continue to improve the way we work. This will involve, amongst other things:

Continued uncertainties in the wake of the COVID-19 pandemic meant that rider numbers at the start of 2021-22 remained below pre-pandemic levels. However, rider numbers have been recovering since the Spring/early summer of 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 Department for Transport (DFT), 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 2022

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, the Information Advice & Guidance support work to individuals furthest from the labour market under the Tripstart Breckland minibus scheme, conversion of the petrol 50cc fleet to electric and the planning of the Breckland Mobile Food Store.

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)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

Review of activities

2021/22 continued to be a challenging year for Kickstart mainly due to the COVID-19 virus and government restrictions. With the restrictions and lockdowns within the year, we were still having a number of bikes returned due to redundancies or clients being placed on furlough at the start of the year and this continued throughout the summer period. As the restrictions were lifted, the number of riders on the scheme increased, but it still has not reached pre-COVID levels. The number of bikes on the road during the year ranged from 211– 277. The number of bikes on the road at the end of the 2021-22 financial year was 265 (211 at the end of the 2020-21 financial year).

Kickstart continued to benefit from the flexibility, co-operation and loyalty of our staff in dealing with the additional pressures arising from the Covid-19 pandemic and the drop in rider numbers.

During 2021/22 we started 304 new moped hires, compared to 285 in 2020/21, an increase of 19 (6.25%). We have also seen 95 repeat returning riders in addition to the 304 making a total of 399 riders assisted in the FY 2021/22. Applications to access the scheme in 2021/22 were 580 compared to 493 in 2020/21 - an increase of 87 (17.5%). The conversion rate of applications to hires increased from 40.8% in 2020/21 to 52.4% in 2021/22. The main reason for the increase in the applications and riders was that more employers were recovering from the COVID19 pandemic and employing or re-employing staff members.

Since 2001, Kickstart has helped over 9,500 people with transport to enable them to access employment, search for employment, attend training or education. Slightly over 20% of our applicants are female, which is a 25% increase on the previous year, which is great news. We will continue to monitor and promote our services to female applicants to encourage more female users. 8.6% of applicants are from ethnic minorities, a slight increase 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. However, with ever increasing overhead costs the decision was taken at the February 2022 Council meeting to increase the hire fees from the 1st April 2022 by £2.50 per week making the costs £37.50 per week for a 50cc moped and £47.50 for 110cc mopeds.

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 agreed to reinstate the subsidised scheme for Apprentices in the 2021-22 Financial Year. The possibility of continuing the scheme from the autumn of 2022 and beyond will be considered in the late summer of 2022 in the light of affordability.

The Rural moped scheme continued this year until the funding ended in January 2022. This scheme was for those that are not work-ready to move closer to or into employment. The scheme reduced 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 31 individuals on this scheme of whom 26 secured employment.

Kickstart continued to run an MOT testing station for Class 1 & 2 vehicles. During the year we completed 569 MOT’s, 241 of them being Kickstart’s own bikes and 328 from the public. The MOT testing station has proved to be a cost-effective initiative and we will continue to promote the service to maintain and potentially grow the number of tests in the future. We thank JP Blanch Grassroots Fund for funding this initiative.

Page 8

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

Our insurance claims and rider accident rates continued at a low level, and at renewal of our insurance in November 2021 we had no increase in the premium and managed to secure a 2-year deal with low claims rebate clauses which we hope to achieve within the next insurance year. There are now many other Wheels 2 Work schemes across the country that are part of the same insurance scheme which will benefit us all in the future as we nurture and grow the membership. 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.

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 2021/22 reporting period, even with a reduction of up to 20% 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 2022

Achievements and performance (continued)

Success with partners

The Norfolk County Council leaving care scheme continued in 2021/22, resulting in us supporting 29 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 3 individuals to attend further education.

A grant of £2,850 from South Norfolk Council helped us support 27 residents either to start the scheme or to subsidise and /or assist with the hire whilst on the scheme in South Norfolk.

Kickstart continued to run a minibus transport scheme called Tripstart for Breckland Council. The funding for this scheme had been secured until 31st March 2022. It was hoped that it would be extended beyond this due to its success, however, due to other competing priorities Breckland District Council unfortunately decided to end the scheme on the 31st March 2022. The Tripstart scheme provided clients with transport using the 9-seater minibus driven by an Information Advice and Guidance (IAG) worker who gave relevant one-to-one guidance to help individuals who were furthest from the employment market overcome what can often be complex barriers to employment. Even though COVID-19 drastically affected the operation of this vital service we were still been able to help 80 individuals with 1:1 assistance. 33 males and 47 females were referred to the scheme, of these 15 have been able to start and sustain work, 26 have been able to start a volunteering role, work experience or traineeship, the remainder have been able to improve 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. 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 as flu vaccines, COVID-19 vaccines and hospital appointments. Over this period 70 prescriptions, 240 medications and 33 food parcels were delivered, and 135 other services completed.

Kickstart was approached in late 2021 and asked if we would consider running a mobile food store in the Breckland District Council area. The proposal scheme was considered by the Directors and it was agreed to run the scheme which was launched 10th May 2022. The mobile food store is set to visit 14 parishes within the Breckland District Council area to offer both free and reduced cost food to those parishes that are restricted in access to shops, to support families on low income and to offer additional services such as Information Advice and Guidance support.

The funding for this scheme has been sourced by Norfolk Community Foundation from Norfolk County Council, Breckland District Council, POULTEC and Norfolk Community Foundation. This service is the first of its kind in this area and it is hoped it will reach those that need it most.

Kickstart began the conversion of its mopeds from a petrol fleet to electric over this year and is planning to convert the whole fleet to electric by 2030. Funding was requested for the start of this conversion from various sources and secured from Sheringham Shoal, JP Blanch Grassroots Fund via Norfolk Community Foundation and Breckland District Council. This funding enabled us to purchase 21 electric mopeds. Although initially there was a slow uptake of riders to use these mopeds, mainly due to the apprehension of changing from petrol to electric, by the end of the financial year 14 of the 21 electric bikes had been issued to our clients. We hope to replace another 20-30 petrol mopeds with electric models in 2022-23.

We continue as a delivery partner in the Building Better Opportunities Community Connections project in Greater Cambridge and 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, the project has now been extended 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 2022

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 charity in the country and is self-sustainable. 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 full 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 2022

b. Reserves policy

The charitable company has reserve levels of £472,686. This is made up of restricted funds of £3,950 and unrestricted funds of £468,736. Included within unrestricted funds are designated funds totalling £296,818 (2021: £ 255,770). Free reserves defined as net current assets within general unrestricted funds amounted to £171,918 (2021: £104,423) .

The Council has examined the charitable company’s requirements for reserves in light of the main risks to the organisation and the continued recovery from 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.

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 2021-22 as a response to the ongoing 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:

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” ie

The initial budget for 2021-22 projected a small deficit of £4,881. However, this budget did not have any provision for renewal of the fleet bikes. The Trustees decided that the financial situation would be reviewed in July 2021 and a revised budget was agreed reflecting an improvement in the number of riders accessing the scheme. The new budget, which included fleet renewal, still envisaged an in-year operating deficit and therefore a small draw-down on reserves. In the event, moped supply problems restricted the number of new purchases while some of the cost of the fleet renewal programme was covered by grants for electric mopeds. The actual surplus on the year was £112,493 ( 2021: £68,876 deficit ).

Page 12

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

e. The year ahead

Our budget plan for 2022-23 is for a slight decrease in our reserves but will see a full year of fleet renewal and also a new delivery vehicle. The budget will be monitored throughout the year and revisited if required. It is planned that we will try and achieve pre-COVID rider numbers at a point in this year. 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:

Page 13

KICKSTART NORFOLK LTD

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 . 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:

A R Jones ................................................ AR Jones Chairman and Treasurer Chairman and Treasurer Date: 20 July 2022

Page 14

(A company limited by guarantee)

KICKSTART NORFOLK LTD

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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

I report to the charity Directors on my examination of the accounts of the company for the year ended 31 March 2022.

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, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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 I might state to the company's Directors those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Directors as a body, for my work or for this report.

Signed: Dated: 20 July 2022 \ vy 1\ Frank Shippam BSc FCA DChA

Page 15

KICKSTART NORFOLK LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
8
Total income
Expenditure on:
Raising funds
7
Charitable activities
9
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
20,081
507,277
44,259
147
571,764
35,493
427,728
463,221
108,543
360,193
108,543
468,736		 Restricted
funds
2022
£
166,188
-
-
-
166,188
-
162,238
162,238
3,950
-
3,950
3,950		 Total
funds
2022
£
186,269
507,277
44,259
147
737,952
35,493
589,966
625,459
112,493
360,193
112,493
472,686		 Total
funds
2021
£
99,722
429,200
34,751
393
564,066
51,961
580,981
632,942
(68,876)
429,069
(68,876)
360,193

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

The notes on pages 20 to 37 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 2022

Note
Fixed assets
Tangible assets
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 39,634
55,498
167,465
262,597
(41,646)		 2022
£
251,735
251,735
220,951
472,686
472,686
3,950
468,736
472,686		 22,288
40,552
139,866
202,706
(41,203)		 2021
£
198,690
198,690
161,503
360,193
360,193
-
360,193
360,193

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

KICKSTART NORFOLK LTD (A company limited by guarantee) REGISTERED NUMBER: 04873541

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

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

P, ................................................ A R Jones AR Joneshe Ge Chairman and Treasurer Chairman and Treasurer

Date: 20 July 2022

The notes on pages 20 to 37 form part of these financial statements.

Page 18

KICKSTART NORFOLK LTD

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Interest received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 20 to 37 form part of these financial statements		 2022
£
131,955
147
18,318
(122,821)
(104,356)
-
27,599
139,866
167,465		 2021
£
5,824
393
12,885
(18,934)
(5,656)
-
168
139,698
139,866

Page 19

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

Kickstart Norfolk Ltd is a company limited by guarantee and registered in England and Wales. The Members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per Member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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.

2.2 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.

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

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 20

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

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.

2.5 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

2.6 Stocks

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

2.7 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.

2.8 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 21

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.9 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.

2.10 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.

2.11 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.

2.12 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 22

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. 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 23

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. Income from subsidied and other funding

Unrestricted
funds
2022
£
Grants
BDC Green Community
-
NCF Electric Mopeds
-
Tripstart
-
NCF Food Bus
-
NCC PTS
17,226
Other
2,855
20,081		 Restricted
funds
2022
£
8,750
27,500
66,000
47,896
-
16,042
166,188		 Total
funds
2022
£
8,750
27,500
66,000
47,896
17,226
18,897
186,269

The Charity furloughed some of its staff under the government's Coronavirus Job Retention Scheme. The funding of £2,855 (2021: £8,569) is included in other unrestricted income and relates to staff costs which are included within note 11 below.

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

Page 24

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Income from charitable activities

Unrestricted
funds
2022
£
Rider contributions
441,861
Moped insurance claims and repairs
19,828
Service Level Agreement income
35,545
Miscellaneous
10,043
507,277
6.
Income from fundraising trading activities
Income from non charitable trading activities
Unrestricted
funds
2022
£
Sale of safety equipment and moped parts
44,259		 Total
funds
2022
£
441,861
19,828
35,545
10,043
507,277
Total
funds
2022
£
44,259		 Total
funds
2021
£
391,138
15,408
21,888
766
429,200
Total
funds
2021
£
34,751

7. Expenditure on raising funds

Expenditure on non charitable trading activities

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Costs of safety equipment and moped parts 35,493 35,493 51,961

Page 25

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Investment income

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Bank interest receivable 147 147 393

9. Analysis of expenditure by activities

Charitable activities
Charitable activities		 Activities
undertaken
directly
2022
£
487,332
Activities
undertaken
directly
2021
£
483,245		 Support
costs
2022
£
102,634
Support
costs
2021
£
97,736		 Total
funds
2022
£
589,966
Total
funds
2021
£
580,981

Page 26

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
CBT training fees
Repairs and servicing to vehicles
Vehicle licences
Vehicle insurance
(Profit) / Loss on disposal of assets
Recruitment and training		 Total
funds
2022
£
259,103
54,634
5,211
34,314
10,086
126,899
(3,305)
390
487,332		 Total
funds
2021
£
262,590
54,815
(911)
32,330
6,343
129,050
(2,522)
1,550
483,245

Page 27

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Light and heat
Office stationery, equipment and hire
Publicity
Subscriptions
Rent and insurance
Bad debts written off
Vehicle hire
Repairs and renewals
Sundry expenses
Travelling costs
Telephone and post
Professional fees
Bank charges
Governance costs
10.
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
Fees payable to the company's independent examiner in respect of:
All other services not included above		 Total
funds
2022
£
129
4,199
8,004
5,743
2,555
18,651
23,422
2,809
13,828
1,238
5,060
5,146
-
7,333
4,517
102,634
2022
£
2,950
-		 Total
funds
2021
£
268
3,955
10,861
3,220
1,435
17,129
23,202
3,745
16,431
(2,946)
5,048
4,104
370
6,731
4,183
97,736
2021
£
2,850
250

Page 28

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
231,139
13,774
14,190
259,103		 2021
£
229,763
17,980
14,847
262,590

Included in the above are redundancy payments totalling £Nil (2021: £3,999) .

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

2022 2021
No. No.
Employees 11 11

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 £46,707 (2021: £45,019) .

12. Directors' remuneration and expenses

During the year, no Directors received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 March 2022, no Director expenses have been incurred (2021 - £NIL) .

Page 29

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
On disposals
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Stocks
Safety equipment and moped parts		 Plant and
machinery
£
399,803
110,413
(49,464)
460,752
210,968
51,661
(34,451)
228,178
232,574
188,835		 Motor
vehicles
£
31,853
11,950
-
43,803
22,064
2,973
-
25,037
18,766
9,789		 Fixtures and
fittings
£
26,816
458
-
27,274
26,750
129
-
26,879
395
66
2022
£
39,634		 Total
£
458,472
122,821
(49,464)
531,829
259,782
54,763
(34,451)
280,094
251,735
198,690
2021
£
22,288

14. Stocks

Page 30

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
42,982
-
12,516
55,498		 2021
£
24,937
1,098
14,517
40,552

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2022
£
7,648
27,797
2,301
180
3,720
41,646		 2021
£
10,288
25,349
1,457
180
3,929
41,203

17. Financial instruments

2022 2021
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 167,465 139,866

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

Page 31

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Statement of funds

Statement of funds - current year


Unrestricted funds
Designated funds
Lease commitments
Capital
General funds
General Funds
Total Unrestricted funds
Restricted funds
South Norfolk District Council
Breckland Mobile Food Store
Building Better Opportunities
BDC Digital High Street
NCF Electric Mopeds
NCF Norfolk Household
Support
Tripstart
BDC Green Community
Total of funds		 Balance at 1
April 2021
£
57,080
198,690
255,770
104,423
360,193
-
-
-
-
-
-
-
-
-
360,193		 Income
£
-
-
-
571,764
571,764
2,850
47,896
6,356
2,886
27,500
3,950
66,000
8,750
166,188
737,952		 Expenditure
£
-
(54,763)
(54,763)
(408,458)
(463,221)
(2,850)
(47,896)
(6,356)
(2,886)
(27,500)
-
(66,000)
(8,750)
(162,238)
(625,459)		 Transfers
in/out
£
(11,997)
107,808
95,811
(95,811)
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2022
£
45,083
251,735
296,818
171,918
468,736
-
-
-
-
-
3,950
-
-
3,950
472,686

Page 32

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. 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 Breckland Mobile Food Store (BMFS) is a food bus set to visit 14 parishes within the Breckland District Council area to offer a mobile food store with both free and reduced cost of food to those parishes that are restricted in access to shops, to support families on low income and further to this support grow additional services such as other Information Advice and Guidance support.

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 March 2023.

The BDC Digital High Street fund was used to design and improve a new website which is more accessible and interactive for our clients.

The NCF Electric Mopeds fund relates to a planned program of conversion from a petrol fleet to electric over the year and is planning to convert the whole fleet by 2030 to electric. Funding was requested for the start of this conversion from various sources and secured from Sheringham Shoal and JP Blanch Grassroots Fund via Norfolk Community Foundation and also from Breckland District Council. This funding enabled the charity to purchase 21 electric mopeds. Although initially this was a slow uptake of riders to use these mopeds, mainly due to the apprehension of changing from petrol to electric, it now sees 14 of the 21 electric bikes being used by our clients. It is a view that we wish to convert another 2030 of the petrol mopeds to electric this year.

The NCF Norfolk Household Support fund is a fund which will enable the charity to help individuals that are accessing the BMFS and enable them to have up to a £50 voucher per household to use on the BMFs which will go some way to assist with rising food costs.

Breckland Tripstart Minibus Scheme ("Tripstart") is a 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.

BDC Green Community fund relates to a grant from BDC which purchased 5 electric mopeds as part of the conversion to electric begins at Kickstart.

The Norfolk Community Grant of £11,510 was given to us from The JP Blanch Grassroots Fund and was to support an apprentice at Kickstart through the 2nd Year of his apprenticeship. They also supported his 1st year with the same amount.

Page 33

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Lease commitments
Capital
General funds
General Funds
Total Unrestricted funds
Restricted funds
South Norfolk District Council
Building Better Opportunities
Tripstart
Norfolk Community Grant
Total of funds		 Balance at
1 April 2020
£
7,910
245,202
253,112
175,807
428,919
150
-
-
-
150
429,069		 Income
£
-
-
-
488,704
488,704
2,850
11,502
49,500
11,510
75,362
564,066		 Expenditure
£
-
(55,083)
(55,083)
(502,347)
(557,430)
(3,000)
(11,502)
(49,500)
(11,510)
(75,512)
(632,942)		 Transfers
in/out
£
49,170
8,571
57,741
(57,741)
-
-
-
-
-
-
-		 Balance at
31 March
2021
£
57,080
198,690
255,770
104,423
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 2022

19. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2021
£
255,770
104,423
-
360,193
Balance at
1 April 2020
£
253,112
175,807
150
429,069		 Income
£
-
571,764
166,188
737,952
Income
£
-
488,704
75,362
564,066		 Expenditure
£
(54,763)
(408,458)
(162,238)
(625,459)
Expenditure
£
(55,083)
(502,347)
(75,512)
(632,942)		 Transfers
in/out
£
95,811
(95,811)
-
-
Transfers
in/out
£
57,741
(57,741)
-
-		 Balance at
31 March
2022
£
296,818
171,918
3,950
472,686
Balance at
31 March
2021
£
255,770
104,423
-
Summary of funds - prior year
Designated funds
General funds
Restricted funds
360,193

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
251,735
Current assets
258,647
Creditors due within one year
(41,646)
Total
468,736		 Restricted
funds
2022
£
-
3,950
-
3,950		 Total
funds
2022
£
251,735
262,597
(41,646)
472,686

Page 35

(A company limited by guarantee)

KICKSTART NORFOLK LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
198,690
202,706
(41,203)
360,193		 Total
funds
2021
£
198,690
202,706
(41,203)
360,193

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Profit on the sale of fixed assets
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operating activities		 2022
£
112,493
54,763
(147)
(3,305)
(17,346)
(14,946)
443
131,955		 2021
£
(68,876)
55,083
(393)
(2,522)
7,892
13,000
1,640
5,824

22.

Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2022
£
167,465
167,465		 2021
£
139,866
139,866

Page 36

KICKSTART NORFOLK LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

23. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year		 At 1 April
2021
£
139,866
(1,457)
138,409		 Cash flows
£
27,599
(844)
26,755		 At 31 March
2022
£
167,465
(2,301)
165,164

24. 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 £14,190 (2021: £14,847) . Contributions totalling £2,301 (2021: £1,457) were payable to the fund at the balance sheet date and are included in creditors.

25. Operating lease commitments

At 31 March 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
12,796
32,287
45,083		 2021
£
13,330
43,750
57,080

26. Related party transactions

There were no related party transactions in the year ( 2021: £nil ).

Page 37