2023-03-31-accounts

Registered number: 04873541 Charity number: 1099931

KICKSTART NORFOLK (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

KICKSTART NORFOLK

(A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details ofthe Company, its Members ofthe Council of	1
Management and advisers
Trustees’ report	2-12
Independent auditors’ report on the financial statements	13-16
Statement of financial activities	17
Balance sheet	18-19
Statement of cash flows	20
Notestothefinancialstatements	21-40

KICKSTART NORFOLK

(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 2023

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

Members of the Council of Management

Ms R Ditchman, Trustee and Company Secretary

Ms J Jeffery, Trustee

AR Jones, Trustee, Treasurer, Chairman Ms C A White, Trustee

B L Gaskins, Trustee

Ms Y Hendry, Trustee M Torpey, Trustee A Davey, Trustee (appointed 9 November 2022)

Senior management team

D Curtis Project Manager M Page Partnership Officer Ms H Tollady Finance Officer

Company registered number

04873541

Charity registered number

1099931

Registered office

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

Independent auditors

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

Bankers

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

Lloyds TSB plc, 38 Market Place, Dereham, Norfolk, 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 (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the audited financial statements of the Company for the year 1 April 2022 to 31 March 2023. The annual report serves the purposes of both a Directors' report and a Trustees' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Structure, governance and management

a. Constitution

Kickstart Norfolk ("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 Trustees

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. Yvonne Hendry and Carole White retired by rotation on 20 July 2022 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. The Council is still seeking potential Trustees.

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KICKSTART NORFOLK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 Council are responsible for the strategic direction, financial affairs and overall management of Kickstart. This includes their duties under Charity law and health and safety legislation.

The Council, which normally meets quarterly, currently comprises 8 Trustees from a variety of professional backgrounds relevant to the work of the charitable company.

Council members met in person and/or virtually five times during 2022-2023, receiving reports and papers to enable them to give direction. In addition to Council meetings, regular meetings were held with the Chair/Treasurer and Project Manager to provide additional oversight of operational strategy and financial matters.

The day-to-day responsibility for the provision of the services rest with the Project Manager, who is responsible for ensuring that Kickstart delivers the services specified and that key performance indicators are met. The managerial structure below the Project Manager is at one level with all other staff members reporting direct to the Project Manager.

d. Policies adopted for the induction and training of Trustees

All existing Trustees are familiar with the practical work of Kickstart. 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 Kickstart and the context within which it operates. These sessions are jointly led by the Chair of the Council and the Project 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 (A company limited by guarantee)

TE TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management (continued)

e. Pay policy for key management personnel

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 National Joint Council ("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 by 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 Project 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 2022/23 priority action was taken to:

° review of the pricing strategy. ° monitoring the financial cost of running the MOT testing bay. . running the Breckland Mobile Food Store on behalf of Nourishing Norfolk and Breckland District Council. . seeking one-off grants to support specific service users. . continuing the conversion of the petrol fleet to electric mopeds. ° continuing fleet renewal of the petrol fleet.

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 2022/23 by the Treasurer and the Project Manager, prior to formal adoption by the Council at its meeting in April 2023.

Page 4

KICKSTART NORFOLK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 05 July 2022, next audit 05 July 2024) 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 one accident recorded in the Kickstart accident book during the year. This was a major accident which involved the hospitalization of a member of staff with a broken femur. The accident was reported to RIDDOR and an accident investigation took place by the Health and Safety Executive which found that all policies were in order, procedures were conducted correctly and concluded that the accident was ‘just one of those things that happen’ with no one at fault and closed the case with no further action required.

Plans for future periods

During 2023/24 our aims will be:

• ° To monitor and, as necessary, revisit the 2023-24 budget if required. ° Continue the fleet renewal programme, with a view to: fe) selling the 3-5 year-old 110cc moped fleet and purchasing new replacements; fo) MOT our 3-8 year-old 50cc fleet as these mopeds are not reaching high mileage levels or showing signs of major mechanical problems. Where funds allow replace this fleet with electric equivalents;

• fe) purchase more fleet bikes if the demand for our service rises and where funds allow it; fe) look at new models of mopeds to replace the fleet with an emphasis on electric mopeds/scooters.

• ° To continue to monitor the costs and benefits from our MOT testing facility. ° To work with Norfolk Community Foundation, Norfolk County Council, Breckland District Council & Nourishing Norfolk in continuing to facilitate the Breckland Mobile Food Store to be operated in the Breckland District Council area.

• ° To extend our moped loan 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, Rutland and further to assist, where possible, our beneficiaries to access our service at reduced rates.

• . To consider the possibility of launching a new Wheels 2 Work scheme in Lincolnshire called Kickstart Lincolnshire, managed by Kickstart Norfolk and based in Lincoln. This is at the planning stage and a proposal has been submitted to Lincolnshire County Council in response to an invitation from the Council's officers.

• . 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, Rutland and further afield:

• (e) supporting national wheels to work (W2WUK): fe) educating our riders on the benefits of electric moped/scooter use.

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KICKSTART NORFOLK

(A company limited by guarantee)

TE

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Plans for future periods (continued)

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.

Kickstart maintained a steady level of rider numbers throughout the 2022/23 year despite the challenges facing riders because of the national cost of living situation. In the final months of the 2022/23 financial year rider numbers began to approach pre COVID-19 levels for the equivalent months before the pandemic.

Kickstart'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.

Objectives and activities

a. Policies and objectives

Kickstart’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 two-wheeled 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, 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 Trustees 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

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

a. Review of activities

2022/23 continued to be a challenging year for Kickstart as we continued to recover from the impact of the COVID-19 pandemic. As the restrictions were lifted, the number of riders on the scheme increased, and near the end of the FY started to reach pre COVID levels. The number of bikes on the road during the year ranged from 236 - 288. The number of bikes on the road at the end of the 2022/23 financial year was 260.

Kickstart continued to benefit from the flexibility, co-operation and loyalty of our staff in dealing with the additional pressures arising from cost of living crisis.

During 2022/23 we started 319 new moped hires, compared to 304 in 2021/22, an increase of 15 (4.9%). We have also seen 44 repeat returning riders in addition to the 319, making a total of 363 riders assisted in FY 2022/23.

Applications to access the scheme in 2022/23 were 475 compared to 580 in 2021/22 - a decrease of 105 (18.1%). The conversion rate of applications to hires increased from 52.4% in 2021/22 to 67.2% in 2022/23. We expect to see applications increasing again as businesses continue to recover post COVID-19 pandemic and employ or re-employ staff members.

Since 2001, Kickstart has helped over 9,800 people with transport to enable them to access employment, search for employment, attend training or education. Slightly over 14% of our applicants in 2022-3 were female, which is a 25% decrease on the previous year, which is concerning. We believe that the previous year’s number was due to more females entering the care sector during and post COVID-19. We will continue to monitor and promote our services to female applicants. 11% of applicants are from ethnic minorities, a 20% increase on the previous year, which is great news. We will continue to monitor and promote our services to ethnic minorities to encourage more users to the scheme.

Kickstart continues to operate with some grant support (see the Financial Review section). The Council seeks to keep hire charges as low as possible. The hire fees from the 1 April 2022 to 31 March 2023 remained at £37.50 per week for a 50cc moped and £47.50 for 110cc mopeds. To overcome the reluctance of riders to move to electric mopeds the Trustees decided to reduce the hire fees on these bikes to £22.50 per week for the first three-month period and then steadily increase the fee over the following three months to the normal cost of £37.50. This concession was possible because the electric bikes had been purchased from grants received in January 2022.

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 Trustees agreed to reinstate the subsidised scheme for Apprentices in the 2022/23 financial year.

Kickstart continued to run an MOT testing station for Class 1 and 2 vehicles. During the year we completed 606 MOTs, against 569 from the previous year, a 6% rise in MOTs, 229 of them being Kickstart’s own bikes and 377 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 increase the number of tests in the future. We thank JP Blanch Grassroots Fund for funding this initiative in 2021.

Our insurance claims and rider accident rates continued at a low level and at renewal of our insurance in November 2022 we had no increase in the premium as we were in the second year of a 2-year deal. 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 rider training, with regular updates from Kickstart throughout the year about safe riding and riding in adverse conditions.

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KICKSTART NORFOLK (A company limited by guarantee)

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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

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 2022/23 reporting period. Even with reduced numbers due to coming out of the COVID-19 pandemic and the current cost of living crisis.

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

b. Success with partners

The Norfolk County Council leaving care scheme continued in 2022/23, resulting in us supporting 34 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 2 individuals to attend further education.

Kickstart started the Breckland Mobile Food Store in 2022/23 which continued the advice and guidance work carried out under the former Tripstart scheme and also attended villages to supply fresh affordable, and some free, food to the members joining the scheme. The scheme, which was funded in 2022/23 by Norfolk County Council, Breckland District Council, POULTEC and Norfolk Community Foundation, proved very popular and has over 470 members across 13 parish locations. It will continue for a second year (2023/24) but with reduced capability due to funding constraints, with staffing reduced to 1.5 staff instead of 2. Thanks go to Norfolk Community Foundation and Breckland District Council for continuing to finance the scheme to 31 March 2024.

The Food Store scheme has supported 867 adults and 827 dependents under the age of 18. Five hundred of the of the adults are female and 367 male, 857 are British and 10 non-British. 88 of the adults are registered disabled, 101 are single, 204 married and the remainder spread across civil partnership, divorced, separated or widowed. The employment status varies across the household members with 191 retired, 118 employed, 29 self-employed and 128 unemployed. We have been able to give information, advice and guidance over 1,000 times, referring 463 to multi agencies. We have issued 55 crisis packs, 79 household support funds and 80 utility support funds. Over £14,000 in free fruit, vegetables and stock has been distributed to support members of the scheme plus £4,000 from the Norfolk Household Support fund and £20,000 in utility support grants. The service has provided vital help and support and was continued, on a slightly restricted basis with the hire of a smaller van, while the primary Food Store vehicle was off the road for several weeks early in 2023.

Kickstart’s electric moped fleet numbers 19 (down from 21 following the theft of 2 bikes) and an average of 15 have been out on loan over the year. As noted in the Review of Activities section above, concessionary fee rates have been agreed to encourage take-up of the electric bikes which do require riders to plan their journeys with greater care due to range limitations and to factor in charging time. The transition to electric mopeds is something we are committed to. We will continue to promote their use and, over time, replace more of the petrol fleet with electric models.

We continued 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), had several delivery partners assisting them over an initial three year period and, due to its success, was extended to 31 March 2023, when it came to an end. This project aimed at moving individuals that are furthest away from the labour market along the path towards, and into, employment. Kickstart assisted over 80 individuals with transport either to attend training leading to employment or into employment.

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KICKSTART NORFOLK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

c. 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.

d. National success

Kickstart Norfolk remains the largest wheels to work charity in the country and is self-sustainable. The Project Manager, Dale Curtis, continues as a Director of National Wheels 2 Work UK, which has now secured 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 Project Manager continues to give guidance to other schemes within the Wheel 2 Work network who are striving to become sustainable.

The National Board of Trustees 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 Trustees have a reasonable expectation that Kickstart Norfolk 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.

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KICKSTART NORFOLK (A company limited by guarantee)

Re TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

b. Reserves policy

Kickstart has total funds of £427,694. This is made up of restricted funds of £4,000 and unrestricted funds of £423,694. Included within unrestricted funds are designated funds totalling £316,909 (2022: £296,818). Free reserves, defined as general unrestricted funds amounted to £106,785 (2022: £171,918).

The Council has examined the Kickstart’s requirements for reserves in light of the main risks to the organisation, the continued recovery from COVID-19 situation and the cost of living crisis. The Council has established a reserves policy which is to retain a cash sum of at least £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.

c. Material investments policy

Aside from retaining a prudent amount in reserves, most of Kickstart’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 0.65% from Scottish Windows and one 7-day access account yielding 0.4% from Virgin Money at 31 March 2023.

As general interest rates on savings accounts have increased during the latter part of 2022/23 the Council will review its investments to secure good rates of return consistent with the protection of its capital funds.

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 Building Better Opportunities grant, which started in 2016, was extended to March 2023 but has now come to an end. ° The Norfolk County Council Travel and Transport grant secured until March 2024. ° The Breckland Mobile Food Store which started on 1 April 2022 has funding secured until 31 March 2024. . The Kickstart Electric Moped conversion.

The initial budget for 2022/23 projected a deficit of £20,177. This budget had a full provision for renewal of the fleet bikes. The Trustees decided that the financial situation would be reviewed in September 2022 and a revised budget was agreed reflecting a lower income than expected. The new budget, which included a cut back on fleet renewal as well as reduced rider numbers, projected a higher operating deficit of £53,613 and therefore a drawdown of this amount from reserves. The actual deficit for the year was £44,902.

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KICKSTART NORFOLK

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

e. The year ahead

Our budget plan for 2023/24 is for a slight decrease in our reserves of £1,316 and includes provision for some fleet renewal. The budget will be monitored throughout the year and revisited if required. It is planned that we will try and achieve pre COVID-19 rider numbers at a point in this year. By 31 March 2024 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 2023/24 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 £30,649 in 2023/24.

• ° We still have an agreement with Job Centre Plus to help fund the upfront costs of getting the unemployed onto a moped, providing funding of around £379 per individual.

• ° We have the Breckland Mobile Food Store scheme throughout the year 2023/24 which has a budget of £75,000 for the financial year.

• . 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.

• . We have submitted a proposal to Lincolnshire County Council for a 100 bike Kickstart scheme which could start within the 2023/4 financial year.

• ‘ We intend to seek more funding from previous and new funders to continue with the electric fleet renewal programme.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ 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 Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• ° select suitable accounting policies and then apply them consistently; ° observe the methods and principles of the Charities SORP (FRS 102); ° make judgments and accounting estimates that are reasonable and 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 Trustees 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.

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KICKSTART NORFOLK (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:

• ° so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and

• ° that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

Approved by order of the members of the board of Trustees and signed on their behalf by:

og & AR Jones Chairman and Treasurer

Date: 5 July 2023

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(A company limited by guarantee)

KICKSTART NORFOLK

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KICKSTART NORFOLK

Qualified Opinion

We have audited the financial statements of Kickstart Norfolk (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion the financial statements:

• ° give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• ° have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• ° have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for qualified opinion

We did not observe the counting of stock at the end of the current or prior year. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 31 March 2022 and 2023, which are included in the balance sheet at £44,649 (2022 - £39,634), by using other audit procedures. Consequently we were unable to determine whether any adjustment to these amounts were necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualfied opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 13

eee

KICKSTART NORFOLK (A company limited by guarantee)

————— INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KICKSTART NORFOLK (CONTINUED) is .,

Other information

The other information comprises the information included in the annual report other than the financial Statements and our auditors’ report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

Arising solely from the limitation on the scope of our work relating to stock, referred to above:

. we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and ° we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

. the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or ° the financial statements are not in agreement with the accounting records and returns.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

i

Page 14

KICKSTART NORFOLK (A company limited by guarantee)

a INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KICKSTART NORFOLK (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Our approach was as follows:

• ° We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP and UK financial reporting standards as issued by the Financial Reporting Council.

• . We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance.

• ° We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

• ‘ We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.

• ° Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

Page 15

ee

KICKSTART NORFOLK

(A company limited by guarantee)

——— INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KICKSTART NORFOLK (CONTINUED)

ies

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.

Other matters

The comparative figures for the prior year were not audited.

Use of our report

This report is made solely to the members in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the members for our audit work, for this report, or for the opinions we have formed.

MA Partners Audit LLP

Statutory auditor 7 The Close Norwich Norfolk NR1 4DJ

5 July 2023

MA Partners Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 16

KICKSTART NORFOLK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
	Note	£	£	£	£
Income from:
Donations and legacies	4	101,392	17,500	118,892	186,269
Charitable activities	5	-	552,399	552,399	501,117
Other trading activities	6	-	43,629	43,629	50,419
Investments	A	-	280	280	147
Total income		101,392	613,808	715,200	737,952
Expenditure on:
Raising funds	8	-	26,553	26,553	35,493
Charitable activities	9	106,842	626,797	733,639	589,966
Total expenditure		106,842	653,350	760,192	625,459
Net (expenditure)/income		(5,450)	(39,542)	(44,992)	112,493
Transfers between funds	20	5,500	(5,500)	-	-
Net movement in funds		50	(45,042)	(44,992)	112,493
Reconciliation of funds:
Total funds brought forward		3,950	468,736	472,686	360,193
Net movement in funds		50	(45,042)	(44,992)	112,493
Totalfundscarriedforward		4,000	423,694	427,694	472,686

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 40 form part of these financial statements.

Page 17

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

a

BALANCE SHEET AS AT 31 MARCH 2023

			2023		2022
	Note		£		ra
Fixed assets
Tangible assets	14		261,703		251,735
			261,703		251,735
Current assets
Stocks	15	44,649		39,634
Debtors	16	66,079		55,498
Cash at bank and in hand		131,480		167,465
		242,208		262,597
Creditors: amounts falling due within one
year	17	(72,537)		(41,646)
Net current assets			169,671		220,951
Total assets less current liabilities			431,374		472,686
Creditors: amounts falling due after more
than one year	18		(3,680)		-
Net assets excluding pension asset			427,694		472,686
Total net assets			427,694		472,686
Charity funds
Restricted funds	20		4,000		3,950
Unrestricted funds	20		423,694		468,736
Totalfunds			427,694		472,686

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 145 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

Page 18

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

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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

AR Jones Chairman and Treasurer

Date: 5 July 2023

The notes on pages 21 to 40 form part of these financial statements.

Page 19

KICKSTART NORFOLK

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

	2023	2022
	£	£
Cash flows from operating activities
Net cash used in operating activities	25,392	131,955
Cash flows from investing activities
Dividends, interests and rents from investments	280	147
Proceeds from the sale oftangible fixed assets	28,919	18,318
Purchase of tangible fixed assets	(105,297)	(122,821)
Net cash used in investing activities	(76,098)	(104,356)
Cash flows from financing activities
New finance leases	22,082	-
Repayments offinance leases	(7,361)	-
Net cash provided by financing activities	14,721	-
Change in cash and cash equivalents in the year	(35,985)	27,599
Cash and cash equivalents at the beginning of the year	167,465	139,866
Cash and cash equivalents at the end of the year	131,480	167,465
Thenotesonpages21to40formpartofthesefinancialstatements

Page 20

KICKSTART NORFOLK (A company limited by guarantee)

ey

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

Kickstart Norfolk 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.

1. 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 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 Trustees have reviewed budgets and assessed the level of funds expected to be held in the 12 months from approving these financial statements. The Trustees 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.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 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.

2.4 Expenditure

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 21

KICKSTART NORFOLK (A company limited by guarantee)

See NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 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:

Plant and machinery - 5 years straight line Motor vehicles - 5 years straight line Fixtures and fittings - 3 years straight line

• 2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

• 2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

• 2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 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.

2.10 Liabilities and provisions

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.

Page 22

KICKSTART NORFOLK (A company limited by guarantee)

SS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.11 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Finance leases and hire purchase Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.12 Finance leases and hire purchase

2.13 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.

2.14 Fund accounting

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

Designated funds comprise unrestricted funds that have been set aside by the Trustees 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 23

KICKSTART NORFOLK (A company limited by guarantee)

———

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Critical accounting estimates and areas of judgment

Estimates and judgments 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 judgment:

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.

4. Income from subsidied and other funding

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Grants
NCF Food Bus	68,792	-	68,792	47,896
NCF Other	28,285	-	28,285	27,500
NCC PTS	-	17,226	17,226	17,226
BDC Green Community	-	-	-	8,750
Tripstart	-	-	-	66,000
Other	4,315	274	4,589	18,897
Total 2023	101,392	17,500	118,892	186,269
Total2022	166,188	20.081	186,269

Page 24

(A company limited by guarantee)

KICKSTART NORFOLK

a

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Income from charitable activities

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
	Rider contributions	475,837	475,837	435,701
	Moped insurance claims and repairs	135311	13,311	19,828
	Service Level Agreement income	34,702	34,702	35,545
	Miscellaneous	5,151	5,151	10,043
	Food bus	23,398	23,398	-
	Total 2023	552,399	552,399	501,117
	Total 2022	501,117	501,117
6.	Income from other trading activities
	Income from non charitable trading activities
		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
	Sale of safety equipment and moped parts	36,014	36,014	44,259
	MOT income	7,615	7,615	6,160
	Total 2023	43,629	43,629	50,419
	Total2022	50,479	50,419

Page 25

i

KICKSTART NORFOLK

(A company limited by guarantee)

STU

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

i es ie Investment income

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
	Bank interest receivable	280	280	147
	Total 2022	147	14¢
8.	Expenditureonraisingfunds

Other trading expenses

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		£	£	£
Costs	of safety equipment and moped parts	26,553	26,553	35,493
Total	2022	35,493	35,493

1. Analysis of expenditure on charitable activities Summary by fund type

	Restricted	Unrestricted
	funds	funds	Total	Total
	2023	2023	2023	2022
	£	£	£	£
Charitable activities	106,842	626,797	733,639	589,966
Total2022	162,238	427.728	589,966

ee

Page 26

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Analysis of expenditure by activities

	Activities
	undertaken directly	Support costs	Total funds	Total funds
	2023	2023	2023	2022
	£	£	£	£
Charitable activities	623,716	109,923	733,639	589,966
Total 2022	496,835	93,131	589,966
Analysisofdirectcosts

	Total	Total
	funds	funds
	2023	2022
	£	£
Staff costs	285,336	259,103
Vehicle insurance	134,658	126,899
Repairs and servicing to vehicles	71,623	34,314
Food bus	52,174	9,503
Vehicle licences	9,322	10,086
Loss on disposal of assets	5,433	(3,305)
CBT training fees	3,846	5,211
Recruitment and training	500	390
Depreciation	60,824	54,634
	623,716	496,835

Page 27

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Analysis of expenditure by activities (continued)

Analysis of support costs

	Total	Total
	funds	funds
	2023	2022
	£	£
Bad debts	35,453	23,422
Rent and insurance	16,722	18,651
Office, stationery and IT	14,448	8,004
Bank charges	11,789	7,333
Governance costs	9,243	4,517
Light and heat	6,510	4,199
Publicity	4,994	5,743
Telephone and postage	4,889	5,146
Repairs and renewals	3,733	4,325
Travel	3,081	5,060
Subscriptions	(1,217)	2,999
Sundry	125	1,238
Vehicle hire	-	2,809
Depreciation	153	129
	109,923	93,131
Auditors’ remuneration
	2023	2022
	£	£
Fees payable to the Company's auditor for the audit of the Company's
annual accounts	6,000	-
Fees payable to the Company's auditor in respect of:
Allnon-auditservicesnotincludedabove	-	2.950

11. Auditors’ remuneration

Page 28

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Staff costs

	2023	2022
	£	i
Wages and salaries	248,640	231,139
Social security costs	21,095	13,774
Contribution to defined contribution pension schemes	15,601	14,190
	285,336	259,103

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

	2023	2022
	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 Trustees and the Project Manager. The total employment benefits of key management personnel were £48,871 (2022: £46,707).

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - ENIL).

Page 29

KICKSTART NORFOLK

(A company limited by guarantee)

——

SSS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Tangible fixed assets

	Plant and	Motor	Fixtures and
	machinery	vehicles	fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2022	460,752	43,803	27,274	531,829
Additions	82,910	22,387	-	105,297
Disposals	(86,742)	(16,373)	-	(103,115)
At 31 March 2023	456,920	49,817	27,274	534,011
Depreciation
At 1 April 2022	228,178	25,037	26,879	280,094
Charge for the year	55,012	5,812	153	60,977
On disposals	(55,390)	(13,373)	-	(68,763)
At 31 March 2023	227,800	17,476	27,032	272,308
Net book value
At 31 March 2023	229,120	32,341	242	261,703
At31March2022	232,574	18,766	395	251,735

1. Stocks

Safety equipment and moped parts

2023	2022
£	£
44,649	39,634

Page 30

KICKSTART NORFOLK

(A company limited by guarantee)

ee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	57,073	42,982
Prepayments and accrued income	9,006	12,516
	66,079	55,498

17. Creditors: Amounts falling due within one year

		2023	2022
		£	£
	Trade creditors	15,057	7,648
	Other taxation and social security	35,611	27,797
	Obligations under finance lease and hire purchase contracts	11,041	-
	Pension fund loan payable	2,299	2,301
	Other creditors	180	180
	Accruals and deferred income	8,349	3,720
		72,537	41,646
18.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£
	Net obligations under finance lease and hire purchase contracts	3,680	-
19.	Financial instruments
		2023	2022
		£	£
	Financial assets
	Financialassetsmeasuredatfairvaluethroughincomeandexpenditure	131,480	167,465

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

Page 31

eeee ee

KICKSTART NORFOLK

(A company limited by guarantee)

Ne

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ats

20. Statement of funds

Statement of funds - current year

					Balance at
	Balance at 1			Transfers	31 March
	April 2022	Income	Expenditure	in/out	2023
	£	£	£	£	£
Unrestricted funds
Designated funds
Lease commitments	45,083	-	-	10,123	55,206
Capital	251,735	-	(60,977)	70,945	261,703
	296,818	-	(60,977)	81,068	316,909
					Balance at
	Balance at 1			Transfers	31 March
	April 2022	Income	Expenditure	in/out	2023
	£	£	£	£	£
General funds
General Funds	171,918	613,808	(592,373)	(86,568)	106,785
TotalUnrestrictedfunds	468,736	613,808	(653,350)	(5,500)	423,694

5 — rere rrr

Page 32

RS A SS EL SEE ES SEN EEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

KICKSTART NORFOLK

(A company limited by guarantee)

a

20. Statement of funds (continued)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|Transfers|31|March| |April|2022|Income|Expenditure|in/out|2023| |£|£|£|£|£| |Restricted|funds| |Breckland|Mobile|Food|Store|-|68,792|(64,792)|-|4,000| |Building|Better|Opportunities|-|7,365|(7,365)|-|-| |NCF|Norfolk|Household| |Support|3,950|21,100|(25,050)|-|-| |Tripstart|-|(5,500)|-|5,500|-| |NCF|Surviving|the|Covid| |Winter|-|1,000|(1,000)|-|-| |NCF|Nourishing|Norfolk|-|6,185|(6,185)|-|-| |Pathways|50+|-|1,950|(1,950)|:|-| |Sainsburys|helping|everyone| |eat|better|-|500|(500)|-|-| |3,950|101,392|(106,842)|5,500|4,000| |Total|of funds|472,686|715,200|(760,192)|-|427,694|

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Page 33

aeee

KICKSTART NORFOLK

(A company limited by guarantee)

TSUEeU

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ies.

20. Statement of funds (continued)

Statement of funds - prior year

					Balance at
	Balance at			Transfers	31 March
	1 April 2021	Income	Expenditure	in/out	2022
	£	£	£	£	£
Unrestricted funds
Designated funds
Lease commitments	57,080	-	-	(11,997)	45,083
Capital	198,690	-	(54,763)	107,808	251,735
	255,770	-	(54,763)	95,811	296,818
General funds
General Funds	104,423	571,764	(408,458)	(95,811)	171,918
TotalUnrestrictedfunds	360,193	571,764	(463,221)	-	468,736

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KICKSTART NORFOLK

(A company limited by guarantee)

EEE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Transfers|31|March| |1|April|2021|Income|Expenditure|in/out|2022| |£|£|£|£|£| |Restricted|funds| |Breckland|Mobile|Food|Store|-|47,896|(47,896)|-|-| |Building|Better|Opportunities|-|6,356|(6,356)|-|-| |NCF|Norfolk|Household| |Support|-|3,950|-|-|3,950| |Tripstart|-|66,000|(66,000)|-|-| |South|Norfolk|District|Council|-|2,850|(2,850)|-|-| |BDC|Digital|High|Street|-|2,886|(2,886)|-|-| |NCF|Electric|Mopeds|-|27,500|(27,500)|-|-| |BDC|Green|Community|-|8,750|(8,750)|-|-| |-|166,188|(162,238)|-|3,950| |Total|of funds|360,193|737,952|(625,459)|=|472,686|

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Page 35

KICKSTART NORFOLK (A company limited by guarantee)

SS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. 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.

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 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.

NCF Surviving the Covid Winter is a fund that was secured via Norfolk Community Foundation and formed part of the Norfolk Household Support fund to help with facilitating the Norfolk Household Support Fund which was to assist any of our members of the Breckland Mobile Food Store with assistance over the winter period with utility bills and food assistance.

NCF Nourishing Norfolk was secured via Norfolk Community Foundation to assist with staff costing for the Breckland Mobile Food Store, as the membership of the scheme was growing and the workload required to run the Breckland Mobile Food Store built up, a third person to assist in administrating the scheme was required, the fund was sort and secured and funded a part time administrator to assist in the smooth running of the scheme.

Pathways 50+ supports employing staff from across all age groups and this fund was sort from Pathways 50+ to assist in staffing costs for the employment of a staff member over the age of 50, who continues to be employed by Kickstart via the Breckland Mobile Food Store to date.

Sainsburys helping everyone eat better was soughtt to assist in the purchase of fruit and vegetables to be given away free of charge on the Breckland Mobile Food Store and assisted in bringing the weekly shop of its members down for a period on 2 months.

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 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

Page 36

KICKSTART NORFOLK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

20. Statement of funds (continued)

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.

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.

21. Summary of funds

Summary of funds - current year

					Balance at
	Balance at 1			Transfers	31 March
	April 2022	Income	Expenditure	in/out	2023
	£	£	£	£	£
Designated funds	296,818	-	(60,977)	81,068	316,909
General funds	171,918	613,808	(592,373)	(86,568)	106,785
Restricted funds	3,950	101,392	(106,842)	5,500	4,000
	472,686	715,200	(760,192)	-	427,694
Summary offunds - prior year
					Balance at
	Balance at			Transfers	31 March
	1 April 2021	Income	Expenditure	in/out	2022
	sa	a	£	fe	£
Designated funds	255,770	-	(54,763)	95,811	296,818
General funds	104,423	571,764	(408,458)	(95,811)	171,918
Restricted funds	-	166,188	(162,238)	.	3,950
	360,193	737,952	(625,459)	-	472,686

Page 37

—Samoaic

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	£	£	£
Tangible fixed assets	-	261,703	261,703
Current assets	4,000	238,208	242,208
Creditors due within one year	-	(72,537)	(72,537)
Creditors due in more than one year	-	(3,680)	(3,680)
Total	4,000	423,694	427,694

Analysis of net assets between funds- prior year

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

Page 38

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

								2023	2022
								£	E
Net income/expenditure	for	the	year	(as	per Statement	of	Financial
Activities)								(44,992)	112,493
Adjustments for:
Depreciation charges								60,977	54,763
Interest received								(280)	(147)
Loss/(Profit) on the sale offixed	fixed assets							5,433	(3,305)
Increase in stocks								(5,015)	(17,346)
Increase in debtors								(10,581)	(14,946)
Increase in creditors								19,850	443
Netcashprovidedbyoperating			activities					25,392	131,955

24. Analysis of cash and cash equivalents

		2023	2022
		£	£
Cash	in hand	131,480	167,465
Total	cashandcashequivalents	131,480	167,465

25. Analysis of changes in net debt

	At 1 April		New finance	At 31 March
	2022	Cash flows	leases	2023
	£	£	£	£
Cash at bank and in hand	167,465	(35,985)	-	131,480
Debt due within 1 year	(2,301)	2	-	(2,299)
Finance leases	-	-	(14,721)	(14,721)
	165,164	(35,983)	(14,721)	114,460

Page 39

(A company limited by guarantee)

KICKSTART NORFOLK

ee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

26. 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 £15,601 (2022: £14,190). Contributions totalling £2,299 (2022: £2,301) were payable to the fund at the balance sheet date and are included in creditors.

27. Operating lease commitments

At 31 March 2023 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

	2023	2022
	£	£
Not later than 1 year	16,234	12,796
Later than 1 year and not later than 5 years	33,242	32,287
Later than 5 years	5,730	-
	55,206	45,083

£13,083 (2022: £12,796) has been recognised as an expense in the statement of financial activities.

28. Related party transactions

The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 March 2023.

Page 40