Registered number: 04873541 Charity number: 1099931
KICKSTART NORFOLK
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
KICKSTART NORFOLK {A Company limited by guarantge CONTENTS Page Reference and administrative details of the Company. Its Membprs of the Council of Managgment and advisers Trustees. report Independent examiner's r8POrt ststement of flnanclal activities 2-12 13-14 15 Balanc8 sheet 16-17 Statement of Cash flows 18 Notes to the flnancial statements 19-37
KICKSTART NORFOLK IA 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 2024 The following are the members of the Council of Management who acted as trustees of the company and seNed throughout the year unlèss staled otherwise. Members ofthe Council of Management Ms R Ditchrran, Trustee and Company Secretary {Resigned 5 Juty 20231 Ms J Jeffery, Trustee A R Jones, Tnjslee, Treasurer. Chairman Ms C A While, Tnjstee B L Gaskins, Trustee Ms Y Hendry, Trustee and Company Secretary M Torpey, Trustee A Davey, Trustee Senior management team D Curtis M Page Ms H Tollady Project Manager Partnership Officer Finance Officer Company registered number 04873541 Charity registered number 1099931 Registered office 8 Royson Way, Hum Road, Dereham, Norfolk. NR19 1WD Accountants MA Partners Audit LLP, 7 The Close, Nolch, Norfolk. NR14DJ Bankers Naest plc, 45 London Street, Norwich, Norfolk, NR2 1HX Lloyds TSB plc, 38 Market Pla, Dereham, Norfolk, NR19 2AT Scottish Widows Bank plc, 67 Momson Street. Edinburgh, EH3 8YJ virgin Monèy plc, Jubilee House, Gosforth: Newcastle-upon-Tyne, NE3 4PL United Trust Bank. 1 Ropemaker Street, London, EC2Y 9AW Page I
KICKSTART NORFOLK IA eompany limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together wth the financial statenpnls ol the Company for the year 1 April 2023 to 31 Mareh 2024. The annual report serves the puToses of both a Trustees, report and a directors, report under company law. The Trustees confinn that the annual report and financial statements of the charitable company compty with the current statutory requirements, the requirements of the charTlable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charits'es preparing their accounts in acLordance with the Financial Reporbng Stsndard applicable in the UK and Republic of Ireland {FRS102} (effective 1 January 20191. sin the Company qualifies as small under sects'on 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) has been omitted. Structure, govgmance and management . Constitutlon Kickslart Norfolk I'Kickstarfi was incorporated as a private company limited by guarantee and not havlng share capital on 21 August 2003 Icompany number 4873541> and registered as a charity on 9 October 2003 Ino 10999311. The charitable company was established under a Memorandum of Association whi¢h established the objects and power5 of the challtable company and is governed under ils 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 thè requirements of the Memorandum and Articles of Association one third of the members of Ihe Council shall retire from office at each Annual Council meeiing and, If appropriate, oyer themselves for re-election. Bèn Gaskins and Rosemary Ditchman retired by rolaiion on 5 Juty 2023 and, being eligib, Ben Gaskins offeied himself for rtrelection, and was duly re-elecied. Rosemary D-:tchman expressed her wish to retire from the Charity as a Trustee and Director. which was approved by the remaining Trustees. Srye remains a Member of the Charity Due lo the nature of the charitable companls worl with its focus on unemployed people and partnership working with stalulory agencies and local aulhortb"es. the CoJncil seeks to ensure that the needs of unemployed people are appropriately reflected in the professional skills of the Trustees. ID. the event o.: particular skills being lost due lo relirerrjents, individuals With similar skills are approached lo offer themselves for election lo the Council. The Council is still seeking potential Trustees. Page 2
KICKSTART NORFOLK (A tompany limitod by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 structure, governance and managemenl {conlinuedl c. Oryanlsatlonal struclure and decislonrymaking policios The Dirèetors 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 Coun¢il'}, The Dire¢lor5 and Trustees of Kickstart Norfolk are responsible for the strategic direction, financial affairs 8nd overall management of Kickstart Norfolk. This Includes their duties undèr oharity law and heavch and safety legislation. The Kickstart Council, which normalty meets quarterly. currentty comprises 7 Tfustees from a variety of professional backgrounds relevant to the work of the charitable Company. Council members met in person andlor virtually five limes during 2023-2024. receiving reports and papers lo enable them to give direction. In addition to Council meetings, regular meetings were held with the Chair and Tressurer and Kickstart Manager lo provide addib'onal oversight of operats.onal strategy and financial rnatters. 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 respoftsible for ensuring that the charitable company delivers the servi¢es specified and that key performance indicators are met. The managerial structure below the Kickstart Manager is at one level with all other staff members re5)orting direct to the lthckstart Manager_ d. Pollcles adopted for the induction andtraining of Trustees l existing Trustees are familiar with the practical work of the charitable c£)mpany. Trustees have opportunity to consider governance and training issues as part Oi the rewew of the risk register and during the Trustees, only Parts ?f Council meetings. New Trustees attend a short training session lo farniliarise themselve5 with the Charitable company and the context wf(hin which tt opera-es. These sessions are normally jointly led by the Chair of the Council of the charitable company and the Efjckstart Manager and cover. the obligations of CoLJnciI members., the main documents which set out the operational fr8rTEwork for the charitable cotnpany. including the Memorandum and Artides.. resourcing and the current financial FX)sibon shown in quartefiy budget reports,. future plans and objectives. Copies of the Memorandum and Attscles 2nd the latest financial statements are issued lo all new Trustees. Page 3
KICKSTART NORFOLK (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure. governance and management Icontlnuedl e. Pay policy for key management personnel The Trustees are not remunerated for their roles, unless this is for specific tasks which a agreed by all Trustees as a required development need for Kickstsrt and voted on at a Council meeting. There wa8 no remunerstion for Trustees in this finanal year. Trustees use the NJC pay scales for Kickslart staff wtth jobs graded in accordan with Norfolk County Coun¢ll's job evaluation scheme and, where relevanL extemal market benchmarks such as local rates of pay for motor mech8nics. Each staff member has a personal developtnent plan which set priorities and objects'ves 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 automalicalty enrolled into the Royal London Company pension scheme on appointment unless they choose to opt out. f. Rolated party relationships Therè were no related party transactions during the period. g. Risk management The Council has conducted a review of the risks to whh the ch2ftt8ble company is exposed. A detailed risk register, based on Charity Commission good practice, is reviewed by Trusttses on a regular basis. It is updated by the Kickslart Manager and progress reported lo Trustees. The risk register ensuies that risks covering governance, operational, financial, exlemal, heafth and safety lincluéing fire risks) and compliance with law and revaluations are identifieil, assessed and mthgated. The risk register details the systems and procedures in place and any new action required lo msbgate the risks the charity faces. During 2023124 priority ac;ion was taken lo: review of the pricing strategy. monitoring thè financial cost of running the MOT testing bay. rur,ning the Breckland Mobile Food Store on behalf of Nourishing Norfolk and Breckland District Council. seeking one-off grants to support specific service Urs. continuing the conversitsn of the petrol fleet to electric mopeds. continuing fleet renewal of the petrol fleeL We minimise intemal financial contrd risks through the implementation of prccedures for authorisalion of financial trarsaclior.s. Documented internal finanal controls. which follow Charity Commission good practicè guidance, were reviewed in 2a23124 by the Treasurer and the Kickstart Manager. prior to formal adoption by the Council al ils meeting in April 2024_ Page 4
KICKSTART NORFOLK (A company Ilmlted by guarantee TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Structure, govomance and management {contlnuedl h. Health and Safety A health and safety managemeRt syslern signed off by the Chair of the Council Iput together with an internal competènt person and audited bi•annually by an exiernal registered body. last extemal audit 5 JLtly 2022, next audit 28 June 2024) ensures compliance with heah and safety regulats'ons. These procedures are periodically lesled and reviewed to ensure that they continue to meet the needs of the Charitable cornpany. We had th accidents recorded in the Kickstart Norfolk acadenl book during the year. These were all minor inadents requiring cleaning and dressingslplasters applied only, no further action was required. Plans for futur8 periods During 2024125 our aims will be.. To monitor and, as necessary, revisit the 2024-25 budgel rf required. Continue the fleet renewal programme, wth a view to.. Selling the 4-6-year-old 1., Dcc moped fleet and purchasing new replacements. MOT our 318-year-old 50cc fleet as these mopeds are not showing many signs of major mechanical problems. Where funds allow replace this fleet Wlih electric equivalents. Purchase more fleet bikes rf the demand for our service rises and where funds allow it. Look at new models of mopeds to replace the lleet with an emplasis on electric mopedslscoolers. To continue to monrtor the costs and beneffts from our MOT lesling fality. To extend our moped loan coverage across all parts of the counties of Norfolk, Suffolk, Cambndgeshire, Rudand and South Lincolnshire. To grow our partnership wotking, creating new and maintaining existing relationships wth our current partners and extending our sevices to new parfiners. To offer an affordable and compelitive seTV1. To deliver better customer Servi and maintain effectrve credf( control ty. ensuring regular contact wth customers. asking our customers to infonn us of any improvements we can make. ensuring all customers sel up direct debits for payments and discJJssing payTnent plans for indwiduals that may fjave arrears. To secure new fijnding streams across the counties of Norfolk, SuffolK Cambridgeshire, Rulland and further to assist, where possible, our beneficiaries to a(esS our service at reduced rates. To monitor the progress of launching a new Wheels 2 Work scheme in Lincolnshire Galled Kickslart Lincolnshire, managed by IfjcKStart Norfolk and based in Lin1n. Lincolnshire County Council has accepted that there is a need for a scheme which n(Iw awaTts the allocation of the funds ne$Sary to enable il lo be launched. To sustain and improve moped issues by". continuing Dur strategic working tElatiollship wilh Norfolk County Council which incl¢Jdes a focus on education and the leaving care teams". conlinding our work with Job Cenlte Plus to get the unemployed into work,. growing our area of coverage across Cambridgeshire, Pelethrough, Suffolk, Rulland and futher afield,. supporting national wheels to Work ew2WUKI- eclucating our riders on the benefits of electric mopedlscooter use. Page 5
KICKSTART NORFOLK IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods Icontinuedl We will also continue to improve the way we worL This will involve, amongst other things.. maintaining our policy of reducing the number of riders who default on their payments., nurturing our staff to ensure we are furthenng their careers and growing experieneed employees fDr Kickslart., improving our operational management data to better aid our decision maknng. The charity maintained a steady level of rider numbers throughout the 2023-24 year de5Plte the challenges facing riders because of the national (x)stryof-INing situation. The Charity's reputation is strong, our charges to tiders are competitive and our business model is robust and geared lo delivellng a service that meets the needs of our customers. Over the years schemes like ours have been established in other parts of the country but have not lasted. TrQckstart continues to thrive, and this has not gone unnoticed within the Department for Transport IDFf), Motorcycle Industry Association {MCIAI, National Wheel$ 2 Work UKand beyontj. Objectives and a¢tivlties Policies and objectives The charitable company's objectives during the year covered by this report were.. The prevenbon or relief of poverty by Ihe provision of grants. items, equipment and services to individuals in need andlor to charitt.es or other organisations working lo prevent or relieve poverty. The relief of unemployment for the public benefft of persons who are unernployed or are in low paid work and who are reslricled by transport limitsbons PrinpallY by the provision of mopeds or other iwo-wheeled vehicles on such ter1$ as the Council may deude to facilitate access lo and the use of WO opportunities or alterrialive work opportunib'es andlor training which is like to to work opportunities or alternative work opportunib"es. To promote social inclusion for the public benefft by prevents.ng people from becoming socially excluded, relieving the needs of people who are socially exduded. and assisting them to Integrate into so¢iely principally, but not exclusively, by relieving people who are socially exclJded through low or no income and who have responsibilities for the care of a famity member by providing mopeds or other tW0heeled vehicles to facilitate access to education andlor training and to social exchange to develop OPFK)rtunrties for inlegrab'on into sooety andlor work The main activities for the per.'od continued to focus upon the hire of mopeds lo unemployed people moving into employment, individuals in low paid work, 16-1Year-oldS axendino further eaucalion, persons making the transition from leaving care to independent living and the ¢onvetsion of the petrol 50cc fleet to electric. Other acts'vilies included the Infomialion Advi & Guidan support work to individuals furthest from the labour marKet under the Brecrtlsnd Mobile Food StOTe scheme, the delivery of fresh, affordable and free food lo those members ol the Breckland Mobile Food store. b. Public Benefit In setting objectives and planning for ath"vilies. the Directors have given due consideration to general guidan published by the Charity Commission relating lo public benefit. induding the guidan 'Public benefit.. running a charity (PB21. Page 6
KICKSTART NORFOLK A company Ilmited by guarantee) TRUSTEES. REPORT {coKfiNUED} FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforn)ance a. Review of actlvities 2023-24 continued to be a challenging year for Kickstart as we and our clients were hil with the CDStryof4iving crisis, due lo the continuing rise in e1 prices and household bills. The number of riders on average on the scheme increased slightly throughout the year. The number of bikes on the road during the year ranged from 255 - 286 Icl 202213: 236 - 2881. The number of bikes on the road at the end of the 202>24 financial year was 266 {ct 260 al the end of 2022131. lfjckstart continued lo benefit from the fiexbility, c04)peration and loyalty of our staff in facilitating the effective operation of the eharty. During 2023124 we started 262 new moped hires, compared to 319 in 2022-23, a decrease of 57117.80A). We have also seen 59 repeat reluming riders in addibon to the 262 making a total of 321 riders assisted in 2023-24 Icf 363 in 2022131 Applications to access the scheme in 2023-24 were 546 compared to 475 in 2022-23 an increase of 71 114.9 101. The conversion rate of applications lo hires decreased from 67.160/£ in 2022-23 10 47.99Q/o in 2023-24. We have re1Ve more applications this year Compared to las:. year. however some of the applicants have not been ready lo start the scheme due lo being unemployed and with no job offer. Our Partnership Officer has been able lo allend more Job Fairs arranged by the Job Centre Plus which has seen the applications increase. sin 2001, Kickslart has helped over 10,062 people with transport to enable them to access employment, search for emoloyment: attènd training or education. Sli9htty over 14 % of our applicants in 20234 were fetnale. This is a similar percentage to 2022-23 bul bwer than 14 some previous years. We w511 continue to monitor and promote our serviTrs to female applicants. 110h of applicants are from ethnic minorities, which is also a similar perntage lo that in 2022-3. We wll continue to monitor and promote our services to ethnic minoritie5 10 encourage more users to the scheme. Kickslart Norfolk continues to operate some grant support (see the Financial Review secb'onl. The Council seeks to keep hire charges as low as p05sible_ The nire fees for the period 1 April 2023 10 31 August 2023 were £37.50 per week for a 50cc moped and £47.50 per week':or a 11 moped. Fees rose from 1 September 2023 to £39.50 perweekfor 8 50cc moped and £49.50 for 110ec mopeds. Due lo continuing rises in overhead and fleet costs, we had to increase these fees again as of 1 April 2024 to £42 per week for the 50cc moped and £52 per week for the 110cc model. lo enable us to cover 2024-5 budgeted operati'ng Costs and continue a modest fleet renewal programme. We were ab to continue until January 2024 our reduced hi.'e for the electric mopeds at £22.50 per weeK for the first Ihree-monlh period and then steadily increase the fee over the following three rnonths to the nom)al cost of £39.50. This eoncession was possible because the electric bikes had been pirchased from grants received in January 2022. With the funding from Norfolk County Council secured al the end of Financial Year 2020-21 fDr 3 years the Trustees agreed ID continue the SLJbsidised scheme for Apprenb"ces in the 2023-24 Financial Year. Page 7
KICKSTART NORFOLK IA company limitgd by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (eontInu) Kickslart continued to run an MOT lesling ststion for Class 1 and 2 vehicles. During the year we completed 375 MOTS, against 606 from the previous year: a 38 % decaSe. The main reason for the large decrease in MOTS conducted was the loss of business from SCOOTS Hire Ltd. Of the 375 MOTS Conducted in 20234, 203 were Kickslart's own bikes and 172 from the publie. The MOT test'ng station continues to be a costeffective initiative and we will continue to promote the serviTr to maintain, and potentially increase, the number of tests in the fubjre. Our insurance claims and rider accident rates ntinUed at a k)w ve1. and al renewal of our insuranTr in November 2023 we had a slight decrease in the premium as we went out to the market and secured a better deal. We continue to work with motorcycle trainets and our clients to improve the riding training ol our riders, with regular updates from Kickstart throughout the year about safe riding and riding in adverse tsonditions. The achievements and perfomance described above accord with ffjckslart's current and fvture objectives. Kickslart achieved self-sustainabilty in 2013 and this continued throughout the 202>24 reporting peiiod. b. Success with partners The Norfolk County Council leaving care scheme continued in 2023-24, resulting in us supporting 43 individuals in securing and maintaining employment attending frraining and education. and improving their social skills. Norfolk County Council POST-16 education scheme also enabled us to support 2 individuals lo allend further edurAtion. Kickslart ¢onlir)ued running the Breckland Mobile Food Store in 2023-24, delivering the advits and guidance work carried ou'i under the former Tripstart scheme. whilst also visiting villages lo supply fresh affordable, and some free, foDd lo the members joining the scheme. The scheme, which was funded in 2022-3 by Norfolk County Council, Bre¢kland District Council. POULTEC and Norfolk Community Foundation. proved very popular and had over 580 members across 16 parish locabons. Sadly, due to funding constraints, il came to an end on 31 March 2024. Thanks go to Norfolk Community Foundation and BreGWand District Council for continuing to finance the scheme lo 31 March 2024. The Food Store scheme has supported 1,041 adults and 1.003 dependents under the age of 18. 611 of the adults were female and 430 male, 1,031 Brilish and 10 non-British. 242 of the adults were registered disabled, 131 single, 247 Married and the remainder spread across civil partnehlp. divorced, separated or widowed. The employment slalus varied across the household members with 214 retired. 157 employed, 33 self-employed and 176 unemployed. We have E)een able to give infom170n. advi and guidan over 1.600 lime5, referring 681 persons lo rnulti agencies. We issued 55 crisis packs, 139 household support funds and 80 utility support funds. Over £19,500 in free fruit, vegetables and stock was distributed to Support member5 of the schetne plu5 £7,000 from the Norfolk Household Support fund and £20,000 in utility support grants. The service has provided vital help and support throughout this 20234 year and it was a shame that it had lo come to an end. Kickslarvs electric moped fleet numbers are 19 and an average of 16 have been out on loan over the year. Concessionary fee rates have been agreed to encourage tsk*up of the electric bikes which do reauire riders lo plan their jOUTneys with greater care due to range limitstions and to factOT in charging lime. The transition lo electric mopeds is something we a.: e commitied lo. We will conb.nue to promote their use and, over time, replace more of the petrol fleet with electrtc models Page 8
KICKSTART NORFOLK (A cornpany limited by guaranleel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance Icontinuedl c. OUT impact on rlders. lives It is important for readers of this rèport lo appreciate the wider benefits reSu1[g from our work. An independent research study condu'cted by ERS Researth 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 enoMiC benefit We do this by reducing both unemployment benefits and housing support and by helping people access work. We help improve riders, lour beneficiaries) self*steem, confidence, well-being and social inclusion, road safety and wark skn'lls,. and we help them acTrss better work OPFMlrtunities. Our work helps bolster thè sustainability of rural communities by redLEcing the pressure on people to move away lo get lo work. By slaying in the local area, our beneficiaries support the local economy and help counter the demographic changes 8sso¢ialed with an ageing rural population. They also help businesses have a wder pool of local people to draw on for their wotlfforce, d. National success Kickslart Norfolk remains the largest Wheels 2 Work charity in the county and is self-suslainable. The Kickstart Manager (Dalè Curtis) continues as a Director of National Wheel$ 2 Work UK. He also continues to give guidance lo other schemes within the Wheels 2 Work network who are slrwing lo become sustainable and to other interested parties wanb.ng to set up Wheels 2 Work sthemes. Financial review a. Golng concem After making 2ppropriate enquiries, the Tnjstees have a reasonable expectation that Kickslart Norfolk has adequate resour9 to cor.tinue in operational existen for the foreseeable future. For thig reason, they continue to adopt the going concem basis in preparing the finanual statements. b. Rgserves policy Kickstart has total funds of £453,242 all of wb.ich are unrestricted funds. Included within unrestricted funds are designated funds tolalling £308,206 12023.. £316:9091. Free reserves. defined as general unrtsstricled funds amounted lo £145,03612023.' £106. 785). The Council has examined the charitable CoMpanS requirements for reserves in light of the main risks to the organisation. the continued recovery from COVID-19 situats.on aio the cosl-of4iving crisis. The Council has established a reserves policy whiGh 15 to retain 8 cash sum of al least £100,OQO tsf un¢ommitted and unrestricted funds in savings accounts. The Council has agreed lo consider the extent to which activities should be curtailed lo accord with thè rèseNes policy as and when the issues arise. but ils guiding princ#ple will be in favour of protecting activities that promote self-suslainability 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 ne&Sary discussior.s shoJld we need to use the £100,DOO reserve fund. Page 9
KICKSTART NORFOLK IA company limitod by guarantee} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 c. Materlal in¥estrnents policy Aside from retaining a prudent amount in reserves, m05t of the charptable companls funds are expended each year. Having considered the options available. the Coun1 has decided to spread risk by deposrting the cash that it has avai18ble in.. One immediate access cuent accourkts yielding 0.1 % interest. One immediate access deposit account welding 1.5SO/o from Scottish Windows. One 95-day Nob'ce ac¢ounl yielding 4.25¢k. from NATWEST. One 1 Year Charity Bond account yielding 5.230A from United Trust Ban As general interest rates on saMngs accounls have increased during the latter part of 2023-24 the Council will review (cs investments lo secure good rates of retum consistent Wtih the protection of its capital bjnds. 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 neSsary. Working relationships with work pr(raMme piovidets continued, induding the grants and contracts noted above in the section 'sess with Partners. ie The Norfolk County Council Travel and Transport grant secured until March 2024 land subsequently renewed to 20271. The Breckland Mobile Food Store which started on 1 Apnl 2022 was fvnded through until 31 March 2024. The Kicks12rt Electric Moped conversion. The initial budget for 2023-24 projected a very small sUlUS of £1,316. This budget had a provision for renewal of the fleet bikes every other month, however, wtri cash flow throughout the year better than expected, we were able to purchase more mopeds than budgeted lo help with the fleet renewal. The actual surplus on the year was £25,548. Page 10
KICKSTART NORFOLK {A company limited by guaranleel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 e. The year ahead Our budget plan foT 2024-25 is for a deease in our reserves of £9 932 after provision for some fleet renewal. The budget will be monitored throughout the year and revisited if required. It is planned thal we will strive to achieve slightly more rider numbers this year which Should then help lo push towards pr&£OVID rider numbers at a point in the year. By 31 March 2025 we expect our reserves lo be lower than in some previous years bul nevertheless at an acceptable level gwen 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 2024-25 wth local councils.. that is for £17,226 with Norfolk County Council Passer,ger Transport Group (secured through until 20271 Service level agreements to provide support for FK>St-16 education and leaving care with Norfolk County Council remain, hopefully, realising about £63,515 in 20225. We still have an agreement with Job Centre Plus to help fvnd the upfront costs of getting the unemployed onto a moped,. ndIng around £419 per individual. We will continue lo seek grants for one-off purchase inib'ab'ves for which we require fvndiig, such as moped purchases and new user group projects etc. We have the proposal with Lincolnshire County Council for a 100 bike Kickstart scheme which has been accepted as a requ:.remenl in the county. However. the fundina needs lo be secured by them for this to be launched. We are hopeful that this will start wthin the 2024-5 finanaal year. We intend to seek more fvnding from previous and new funders to conts'nue wrth the electric fleet renewal programme, Statement of Trustees. responsibilities The Trustees {who are also the directors of the Company for the purFX)ses of company lawl are responsible for preparing the Trustees, report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (Unrted "ngdoM Generally Apted Accounting Practice) CoTllpany law requires the Trustees to prepare finanaal statements for each financial . Under company law, the Trustees must not approve the financial statements unless they ale satisfied that they give a true and fair view of the state of affairs of the Company and of tis incom.-ng resources and application of resources, including its income and expenaiture, for that period. In preparing these financial slalements. the Trustees arè required to.. select suitable accounting policies and then apply them consi5tenlly,' observe the methods and prip.Thples of the CarItieS SORP {FRS 1021". make judgments and accounting eslimates thai are reasonable and. prudent", slate whether applicable UK Accounting S:.andards IFRS 102) have been followed, subjeol to any material departures disclosed and explained in tiie fir.ancial statements", prepare the financial sialemenls on the going concem basis unless it 15 inappropriate to presume that the Gompany will continue in business. Page11
KICKSTART NORFOLK (A company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 ststement of Trustèes. responslbllitles {CONTINUED) Th8 Trustees are responsible ftsr keeping adequate accounting re¢oTds that are sufficient to show and explain the Company's transactions and disdose with reasonable accuracy at any lime the finan31 position of the Company and enable them lo ensure that the finanual statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and h.ence for taking reasonable steps for the prevention and delecb.on of fraud and other Irregularitses. Approved by order of the members of the board of Trustees and signed on their behalf by.. A R Jones Chairman and Treasurer Date: 15 Juty 2024 Page12
KICKSTART NORFOLK {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent ExamIn•$ Report to the Trustees of Kickstart Norfolk Ilhe Company'l I report to the charity Tnjslees on my examination of the acwunts of the Company for the year ended 31 March 2024. Responsibillties and Basis of Report As the Trustees of the Company {and ils directors for the purposes of company lawl you are responsible for the preparation of th& accounts in accordance wth the requirements of the Companies Act 20061.the 20D6 Acl'l. Having satisfied myself that the a¢count5 of the Company are not required lo 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 rrIed out under section 145 of the Chaities Act 2011 I'the 2011 Act'l. In carying out my examination I have followed the Direcb'ons given by the Charity Commission under section 14515llb} of the 2011 Act. Independent Examinerfs Stalement sin the Company's gross income exceeded £250.000 your examiner must be a member tsf a body listed in se¢lion 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l 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 confimi that no matters have come to my attenb'on in connection with the examination giving me cause lo believe.. accounb.ng records were not kept in respect of the Company 8s required by section 386 of the 2006 Act,, or the accounts do not accord with those records", or the accounts do not comply w(th the ac(x)unling requirements of section 396 of the 200e Act other than any requirement that the accounts gNe a 'lrue ar,d fair, view which is not a matter considered as part of an independent examination," or the accounis have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charrties applicable lo charities preparing their accounts in accordance wlh the Financial RepoTb"ng Standard applicable in the UK {FRS 1021. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the awounts to be reached. Page 13
KICKSTART NORFOLK IA company limited by guaranleel INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 This report is made solely lo the Company's Trustees, as a body, In accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Company's Trustees those niallers l am required to slate to them in an independent examiner's report and lor no other purpose. To the lullesl exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Trustees as a body, for my work or lor this report. Signed. Frank Shippam Bsc FCA DChA MA Partners Audit LLP Chartered Accounlanls 7 The Close Norwich Norfolk NR14DJ Dated. 15 July 2024 Page 14
KICKSTART NORFOLK IA company limlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Income from: Donations ané legacies Charitable activib'es Other trading activities Investments 19.187. $89.522 63,304 1.018 96,187 589.522 63,304 1,018 118,892 552,399 43, 629 280 Total income 77,000 673,031 750,031 715,200 Expenditure on: Raising funds Charitable activities 40.519 602,964 40,519 683.964 26,553 733, 639 81,000 Total expendlture 81,000 643,483 724,483 760, 792 Net movemgnt In funds (4,0001 29,548 25,548 (44,992) Ron¢ll1at10n of funds: Total fvnds brought forward Net movement in funds 4.000 {4,000} 423.694 29,548 427.694 25,$48 472, 686 (44,992) Total funds carried forward 453.242 453,242 427,694 The Statement of Financial Athities indudes all gains and losses rewgnised in the year. The notes on pages 19 10 37 fomi part of She5e financial statements. Page 15
KICKSTART NORFOLK (A company limited by guarantee) REGISTERED NUMBER: 04873541 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Ftxed assgts Tangible assets 14 269.235 261,703 269,235 261,703 Current assets Stocks Debtors Investrnents Cash at bank and in hand 15 16 17 69,293 30.850 25.000 106,774 44,649 66,079 131.480 231.917 242,208 Creditors.. amounts falling due within one year 18 147,9101 (72,537) N8t current assets 184.007 169,611 Total assots less current liabiliiles 453,242 431,374 Creditors.. amounts falling due after more than one year 19 (3,680) Total nel assets 453.242 427,694 Charity funds Restricted funds Unreslricled fvnds 21 4,000 423,694 21 453,242 Total funds 453,242 427,694 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 Trustees acknowledge their responsibilities for complying wrth the requirements of the Act with respect to accounting records and preparation of financial slalernents. Page 16
KICKSTART NORFOLK (A ¢ompany limited by guarantee) REGISTERED NUMBER: 04873541 BALANCE SHEEf ICONTINUEDI AS AT 31 MARCH 2024 The financial statements have been prepared in accordance wrth the provisions applicable to entities subje¢l to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. A R Jones Chairman and Treasurer Dale.. 15 July 2024 The notes on pages 19 to 37 fomi part of these finanaal statements. P8ge 17
KICKSTART NORFOLK IA company Ilmlted by guarnntee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flov from operating activities Nel cash used in operating activities 66,072 25,392 Cash flows from investing aetivlties Dividends. interests and rents from investments Proceeds from the Sa of tangible fixed assets Purchase of tangible fixed assets Purchase of investrnents 1.018 280 17,774 28,919 173,529) (705,297) (25,000) Net cash used in inv8sting activitles {79,7371 (76,098} Cash flows from financlng activities New finance leases Repayments of finance leases 22,082 (7,361) 111,0411 Net Cash lused In)Iprovided by linancing activities 111,0411 14,721 Change in cash and cash equlvalents in the year Cash and cash equivalents at the teginning of the year 124,7061 131,480 {35,9851 167,465 Cash and cash gquivalents at the end ofthe year 106.774 131,480 The notes on pages 19 10 37 form pari of these financial statements Page 18
KICKSTART NORFOLK (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Infomiation Kickslart Norfolk is a company limtted by guarantee and registered in England and Wales. The Members of the company are the Trustees named on paae 1. In the event of the company being wound up, the liabilty in respect of the guarantee is limited to £1 per Member of the company. Accounting policies 2.1 8a$ls of preparatlon of financial stalements The financial statements have been prepared in accordance wrth the Charities SORP IFRS 1021 Accounting and Reporbng by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporlino Standard applicable in the UK IFRS 1021 (effective 1 JanLJary 2019), the Financial Reporting Stsndard applicable in the UK IFRS 102} and the Companies Act 2006. ckslart Norfolk meets the def,nition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant acwunting policy. 2.2 Going concèrn In assessing the appropriateness of the going concem assurnption, the Trustees have reviewed budgets and assessed the level of funds expected to be held in the 12 months from approving these financial slatemenls. The Trustees are satisfi'ed that the company will be able lo meet its liabilities as they fall due and have therebfft concluded that il is appropriate for the finanal statements to be prepared on the going concem basis. 2.3 Income A]1 income is recognised once the Company .85 enlitlemenl to the income, tt is probable that the income will be re1Ve and ihe amount of income rece'.vable can be measured reliably. Grants are included in the statement of financial ath"vtiTes on a r1Vable basis. The balance of income received for specific purposes bul not expended durin.g the period is shown in the relevant funds on the balan sheet. Where income is reIVed in advan of enlitlemenl of reipl, ils recognit'on Is deferred and included in credrtors as deferred income. Where ents'tiemenl occurs before income is received. the income is accrued. 2.4 Expenditurg Expenditure is recognised once there is a legal or constpJctTve obligation to transfer economic benefit lo a third paty, il is probable that a transier of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directty undertaking the acb"vilies which fvjrther the Companls objectives. as well as any associated support costs. l expenditure is inclusNe of iThecoverable VAT. Page 19
KICKSTART NORFOLK IA company limited ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollclos (continu> 2 Interest rgcetvabl• Interest on funds held on deposit is inctuded when receivable and the amount can be Tneasured reliabty by the Company.. this is norrv.ally upon nolith"cation of the inleresl paid or payable by the insts.lulion with whom the funds are depostted. 2.6 Tangible fixed assets and depreciation Tangible fixed assets are initialty recognised at cost After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accLJmulated impairment losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets les5 their residual value ovèr their est'maled useful lives, using the straight-line method. Depreciation is provided on the following bases.. Plant and machinery Motor vehicles Fixtures and fittings S years StraIg.t line 5 years straight line 3 years straight line 2.7 stocks Stod(s are valued at the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving stocks. Cost inclJdes all direct costs and an appropriate proportion ol fixed and vallabEe overheads. 2J Debtors Trade and other debtors are recognised al the seement amount after any trade discDunl 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-tem highly liquid irivestments with a short maturity of triree rnonlhs or less from the dale of acquisition or opening of the deposit or similar account. 2.10 Liabilities and provisions Liabililies are recognised when there is an obligob'on at the balance sheet d8te as a result of a past event, it Is probable that a transfer of econorr,ic beneft will be required in settlement, and the amount of l.ie settlement can be eslimaied reliabty. Liabilities are recognised at the amount that the Company anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Page 20
KICKSTART NORFOLK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.11 Financial instruments The Company only has financial assets and finanaal liabilities of a kind that qualify as basic financial instruments. Basic finanaal instruments a'.e initially recognised al transaction value and subsequently measured at their settlement value wth the eXPIlon of bank loans which are subsequently measured at amorb'sed cost using the effective interest method. 2.12 Financo leases and hlre purchase Assets obtained under hire purchase contscts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance le85e 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 arè those where subslants.ally all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are inctuded in creditors, nel of the finance charge allocated lo future periods. The finance element of the rental paymenl is charged lo the statement of rinancial activities so as to produce a conS.nt periodic rate of charge on the nel obligation outstanding in each period. 2.13 Pensions The Company opeffjtes a defined cor7tr"bution pension scheme and the pension charge represents the amounts payable by the Company lo the ttlnd in respect of the year. 2.14 Fund accounting General funds afft unrestricted funds whh are available for use al the discretion of the Trustees in furtheran of the general objectives of the Company and which have not been designated for other purposes. Designated funds compnse unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial stalemenls. Restricted ndS 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 agaipst the speThfic fvnd. The aim and use of each restricted fund is sel out in the notes to the financial sl*ements. Page 21
KICKSTART NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CrltScal accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and othèr factors, including expectations of future events that are believed to b8 asOnable under the cinumslances. Critical accounting estimates and assumptions.. The Company makes estsmales and assumptions conceming the fvture. The resulting accounting estimates and assumpttons will, by definitron, seldom equal the related actual results. The estimates and assumptions that have a significan: risk of causing a material adjuslmenl lo the carrwng amounts of assets and liabilities within the next financial year are discussed below. Critical areas of judgment. 1} Useful economic lives of tangible fixed assets The Trustees set depreciation rales for depreryable assets based on an estimation of their useful lives and residual value. 2) Bad debt provlslon The Trustees have made a provision for trade debtors which are not deemed lo be recoverable. The 851imation is based on a review of amounts which were overdue for payment at the balance sheet date. Income from subsidis8d and other funding Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Grant$ NCF Food Bus 75.000 75,000 2,000 18,662 68, 792 28,285 17,226 NCF Other 2,000 NCC PTS 18.662 BDC Green Community Tripstart other 525 525 4,569 Total 2024 77,000 19,187 96.187 118,892 Total 2023 101.392
7,500
118,892 Page 22
KICKSTART NORFOLK {A company limited by guardntgel NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable actlvlties Unrestricted funds 2024 Total funds 2024 Total funds 2023 Rider contributions Moped insurance claims and repairs Service Level Agreernent income Miscellaneous Food bus 499,674 28,946 35,632 582 499,674 28.946 3S,632 582 24.688 475,837 13,311 34, 702 5,151 23,398 24,688 Total 2024 589,522 589,522 552.399 rotal 2023 552,399 552,399 Income from other trading aclivitie8 Income from non charitable trading a¢tivities Unrestricted funds 2024 Total fLEnds 2024 Total funds 2023 Sale of safety equipment and rnoped parts MOT income 59,787 3,517 59.787 3,517 36,014 7.615 Total 2024 63,304 63,304 43,629 Total 2023 43,629 43,629 Page 23
KICKSTART NORFOLK (A company Ilmited by guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total lunds 2024 Total funds 2023 Bank interest receivable 1,018 1,018 280 Total 2023 280 280 Expenditure on raising funds other trading expenses Unrestricted funds 2024 Total funds 2024 Total f(Jnds 2023 Costs of safety equipment and moped parts 40,519 40,519 26, 553 Total 2023 26,553 26.553 Analysis of expenditure on charltable aetlvlties Summary by fund type Restricted Unrestricted funds fvnds 2024 2024 Total 2024 Total 2023 Charitable act5vilies 81,000 602,964 683,964 733,639 Tot812023 106,842 626,797 733, 639 Page 24
KICKSTART NORFOLK (A company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l O. Anolysis of expenditure by actlvities Activities undertaken directty 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable actl'e5 558,620 125,344 683.964 733,639 Tolal 2023 623,716 109.923 733,639 Analy$is of direct costs Total funds 2024 Total funds 2023 Staff costs Vehide insurance 283,659 142.230 55,366 41,981 33,076 9,527 77 285,336 134,658 60, 824 71, 623 52,174 9,322 3,846 500 5,433 Depre¢ialion Repai and seNicing to vehicles Food bus Vehicle licences IProfll l Loss on disposal of assets Recruitment and lfftining Loss on disposal of assets 17,296) 558,620 623, 716 Page 25
KICKSTART NORFOLK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Anatysi5 of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Bad debts Rent and insurance Office, slalionery and IT Bank charges Travel 47.325 20,IM4 10,676 10.887 7,682 35,453 76,722 14,448 7f,789 3,081 F il Light and heat Governan costs Telephone and postage Publicity Repairs snd renewals Sundry Subscriptions Depreciabon Professional fees 7,386 5.904 4,635 4,074 3,208 1,761 1,480 153 149 6,510 9,243 4,889 4,994 3,733 125 (1,217) 153 125,344 109,923 11. Independent examinerfs remuneration 2024 2023 Fees payable to the Companys independent examiner ftir the independent examination of the Company's annual accounts 3,300 6,000 Page 26
KICKSTART NORFOLK {A company Ilrnlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 248,672 20,036 14.951 248,640 21,095 15, 601 283,659 285,336 The 8verage number of persons employed by the Company during the year was as follows.. 2024 2023 No. Employees 10 No employee weived remuneration amounting lo [re 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 managernent personnel were £50,76312023.' £48.871 }. 13. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other beneffts (2023- £NIL)- During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NILJ. Page 27
KICKSTART NORFOLK {A company limited by guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Tangible fixed assets Plant and machinery Motor Fixtures and vehicles fittings Total Cost or valuation Al 1 April 2023 Additions Disposals 456.920 73,529 140.508) 49.817 27,274 534,011 73,529 140,508) Al 31 March 2024 489.941 49.817 27.274 567,032 Dgpreciation Al 1 April 2023 Charge for the year On disposals 227,800 49.699 (30,030) 17,476 5,667 27,032 153 272,308 55.519 130,0301 Al 31 March 2024 247.469 23,143 27,185 297,797 Net book value Al 31 March 2024 242.472 26,674 89 269,235 At 31 ma 2023 229, 120 32.341 242 261, 703 stocks 2024 2023 Safety equipment and moped parts 69.293 44.649 Page 28
KICKSTART NORFOLK IA company limiled by guarantse} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Debtors 2024 2023 Due within one year Trade debtors Prepayments and accrued income 23,355 7,495 57,073 9,006 30,850 66,079 17. Current asset Investments 2024 2023 Term deposit 25,000 Current asset investments comprises a 1 year fixed temi bank bond redeemable after more than 3 months ènd therefore not meeting the definition of cash and cash equivalents. 18. Creditors- Amounts falling due within one year 2024 2023 Trade creditors other taxation and social secunty Obligations under finance lease and hire purchase contracts Pension fund loan payable other creditors 2,276 34,238 3,680 2,304 180 5,232 15,057 35,611 11,041 2,299 180 8,349 Arual5 and deferred inwme 47,910 72,537 19. Creditors: Amounts falling due after more than one year 2024 2023 Net obligations under finance lease and hire purchase contracts 3,680 Page 29
KICKSTART NORFOLK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Financlal instruments 2024 2023 Financial as$9ts Finanaal assets measured at fair value through income and expenditure 131.774 131,480 Financial assets measured at fair value through income and expenditure comprise cash and cash equivalents. Page 30
KICKSTART NORFOLK {A company Ilmited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Statomènt ol lunds statoment of funds - Current ygar Balance at 31 Mar¢h 2024 Balance at 1 April 2023 Transfers Inloul In¢omfj Expgnditure Unrestricted funds Designated funds Lease cornmilments Capital 55,206 261,703 116,2351 63,051 38,971 269.235 155,519 316,909 1SS.519} 46,816 308,206 General funds General Funds 106.785 673.031 {587,9641 (46,8161 145.036 Total Unrestricted funds 423.694 673,031 1643A831 453,242 Restricted funds Bre¢kland Mobile Food Store NCF Norfolk Household Support NCF Nourishing Norfolk 141)001 2.000 75,01)0 (2,0001 175.0001 4.000 77,000 {81,0001 Total of funds 427,694 750.031 (724.4831 453.242 Page 31
KICKSTART NORFOLK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Statement of funds (continued} Statement of fund8 - prior year Balance al 31 March 2023 Balance at l Apn"12022 TTrnsferJ in/out Income Expendilure Unrestrlcted funds Designated funds Lease commitments 45,083 251,735 10,123 70,945 55.206 Capital (60,977) 261,703 296,818 (60,977) 81,068 376,909 Goneral funds General Funds 171.918 613,808 (592.373) (86,568) 106, 785 Total Unrestricted funds 468, 736 613.808 (653.350) (5,500) 423,694 Page 32
KICKSTART NORFOLK IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Statement of funds Icontlnued) Balance 8t 31 March 2023 Balance at l Apnl 2022 rransf9rs in/oul Income Expenditure Rostricted funds Brèckland Mobile Food Store Building Beller Opportunities NCF Norfolk Household Support Tripslart NCF Surviving the Covid Winter NCF Nourishing Norfolk Pathways 50+ Sainsburys helping everyone eat better 68,792 7.365 (64. T92) (7.365) 4,000 3.950 21, 100 (5,500) (25,050) (1,000) (6, 185) (1,950) 6,185 1,950 500 (500J 3.950 101,392 (106,842) 5,500 4,000 Total of funds 472,686 715.200 (760. 192) 427,694 Page 33
KICKSTART NORFOLK IA ¢ompany Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Statement of funds (contlnuedl Reslricled funds for capital expenditure are gtven for the purpose of acquiring capital assets. On acquired, the resth"ction has been fiJlfi"Iled and the iesulb.ng asset is transferod lo the capital designated fund unless there is a directive from the donor to the contrary. The Breckland Mobile Food Store IBMFSI is a fiK)d bus sel to visrt 14 parishes within the BCklad 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 lo shops, to support families on low income and further lo this support grow additional services such as other lnfornats.on Advice and Guidance support. The Better Building OpportUne5 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 fvnd is a fund which will enable the charity lo help individu31s that are accessing thè BMFS and enable them to have up lo a £50 voucher per household lo use on the BMFS which will ao some way to assist with rising tood costs. Breckland Tripstart Minibus Scheme IYripstarY'I is a scheme funded by the New Anglia Local Enterprise Partnersnip, Breckland District Counctl, The Department for Work and Pensions and Kickstart. It is designed to worf( in the Breckland District Council are? of Norfolk wth individuals that are frjrthesl from the labour market and that require infomiats"on, advice and guidan lo assist in their move Closer lo the labour tnarkel. NCF Sutviving the Covid Winter is a fvnd that was secured via Norfolk Comrnunity Foundation and formed part of the Norfolk Household Support fund to help with facilitating the Norfolk Household Support Fund which was to asslst any of our membets of the B[ecand Mobile Food Store with assistance over the winter period with utilty bills and f(xid assistan. NCF Nourishing Norfolk was secured via Norfolk Community Foundation to a55iSt with staff costing for the Breckland Mobile Food Store, as the mernbership of the scheme was growing and the workload ', èquired to run the Breckland Mobile Food Store built up, a third person to asslst in adminislrab.ng the stheme was required: the fund was sort and secured and funded a part lime administrator lo assist in the smooth runnirg of the scheme. Pathways 50+ supports employing staff from across all age groups and this fund w2S Sort from Pathways 50+ lo assist in staffing costs for the employment of a staff member over the age of 50, who continues to be employed by lfjckstart via the Breckland Mobile Food Store to date. Sainsburys helping everyone eat better was sought lo assist in the purchase of fruit and vegetables lo 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. Page 34
KICKSTART NORFOLK IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Summary offunds Summary of funds- current year Balance at 31 March 2024 8alance at 1 April 2023 Transfers Inlout Income Expenditure Designated funds General funds Reslricled funds 316.909 106.785 155,519) 1587,964) 181.0(KJ) 46.816 146,816) 308,206 145,036 673,031 77.000 427.694 750,031 {724.483) 453,242 Summary of funds- prior year B8lanGe at 31 March 2023 8alanc8 at l Apnl 2022 Tr8nsfe itOut Incomg Expenditure Designated funds General funds 296.818 171,918 3,950 (60,977) (592,373) (106,842) 81,068 (86,568) 5, 500 316,909 106, 785 4,000 673,808 101.392 Restricted funds 472,686 715,200 (760. 792) 427,694 23. Analysi$ of net assets between funds Analysis of net assets between funds - curient perfod Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 269,235 231,917 147,9101 269,235 231.917 147.9101 Total 453,242 453,242 Page 36
KICKSTART NORFOLK IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. AnalysÈs of net assets beeen funds {continuedl Analysls of net assets betwèen fvnds - prior period RestriGted unStriGted funds funds 2023 2023 Total funds 2023 Taigible fixed assets Current assets Creditors due within one year Creditors due in mofft than one year 261, 703 238,208 (72,537) (3,680) 261,703 242,208 fT2,537) (3,680) 4,000 Total 4,000 423, 694 427,694 24. Reconclllation of net movement Sn fvnds to net cash flow from operatlng actlvltlès 2024 2023 Nel incomelexpenditure for the period (as per Slatement of Financial Aclivitiesl 25,548 (44,992) Adjustments for: Depreciation charges Interest received LossllProfitl on the sale of fNed assets Increase in stocks 55,519 (1,0181 7,2961 (24,6441 35,229 117,266) 60,977 (280) 5,433 (5,015) (10,581) 19,850 Increase in debtors Increaselldecreasel in credf(ors Net eash provided by operating activitie5 66,072 25,392 25. Analysls of cash and Cash equlvalents 2024 2023 Cash in hand 106,774 131,480 Total cash and cash oquivalents 106,774 131.480 Page 36
KICKSTART NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 26. Anatysls of changes In nel debt At 1 April 2023 Cash flows At 31 March 2024 Cash al bank and in hand Debt due within 1 year Finance leases Liquid investments 131,480 (2,2991 114,7211 (24.706} 106.774 (2,3041 13,6801 25,000 11,041 25,000 114,460 11,330 125,790 27. Pension commitm•nts The Company operates a defined contributr.ons pension scheme. The assets of the scheme are held separately from those of the Company in an independendy administered fijnd. The pension CDSI charge represènis contributions payable by the Company lo the fv.Id and amounted to £14,951 12023.. £15.6011. Conlributiot)s tolalling £2,30412023." £2,299) were payable to the nd at the balance sheet date and are included in creditots. 28. Operating lease commitments At 31 March 2024 the Company had Commitments to make future minimum lease paymènts under non- cancellable operating leases as follows." 2024 2023 Not iater than 1 year Later than 1 year and not later than 5 years L2leT than 5 years 16,234 20,445 2,292 16,234 33,242 5, 730 38,971 55,206 £16,23512023.. £13,083} has been recognised as an expense in the statement of finanual activities. 29. Related party transaction5 The Company has not entered into any related party transaction during the year, nor are there any oulslanding balances owng between related parb.es and the Company at 31 March 2024. Page 37