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2025-03-31-accounts

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 2025

KICKSTART NORFOLK

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Members of the Council of 1
Management and advisers
Directors' report 2 - 11
Independent examiner's report 12 - 13
Statement of financial activities 14
Balance sheet 15 - 16
Statement of cash flows 17
Notes to the financial statements 18 - 35

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 2025

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 J Jeffery, Director A R Jones, Director, Treasurer, Chairman Ms C A White, Director B L Gaskins, Director (resigned 8 December 2024) Ms Y Hendry, Director and Company Secretary M Torpey, Director

A Davey, Director (resigned 17 February 2025) - Ms K Hopkins, Co opted Director (appointed 17 February 2025)

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

Accountants

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

United Trust Bank, 1 Ropemaker Street, London, EC2Y 9AW

Page 1

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Directors present their annual report together with the financial statements of the Company for the year 1 April 2024 to 31 March 2025. The annual report serves the purposes of both a Directors' report and a directors' report under company law. The Directors confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) 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 Directors

Under the requirements of the Memorandum and Articles of Association one third of the members of the Council shall retire from office at each Annual Council meeting and, if appropriate, offer themselves for re-election. Andrew Davey and Yvonne Hendry retired by rotation on 15 July 2024 and, being eligible, Andrew Davey and Yvonne Hendry offered themselves for re-election, and were duly re-elected. This was approved by the remaining Trustees.

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.

Page 2

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

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

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

The Kickstart Council, which normally meets quarterly, currently comprises 6 trustees from a variety of professional backgrounds relevant to the work of the charitable company.

Council members met in person and/or virtually six times during 2024-2025, receiving reports and papers to enable them to give direction. In addition to Council meetings, regular meetings were held with the Chair and Treasurer and Kickstart Manager to provide additional oversight of operational strategy and financial matters.

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

d. Policies adopted for the induction and training of Directors

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

Copies of the Memorandum and Articles and the latest financial statements are drawn to the attention of all new Trustees.

Page 3

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

e. Staff Pay

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

Prior to the end of the 2024-5 financial year Trustees adopted the NJC pay scales for Kickstart staff with jobs graded in accordance with Norfolk County Council’s job evaluation scheme and, where relevant, external market benchmarks such as local rates of pay for motor mechanics. Following consultation with staff the Trustees have decided, for the coming year and into the future, that the Council itself will determine staff pay using the NJC pay scales and other relevant information as a guide. The Council will review staff pay rates once each year or more frequently if there is significant organisational change. Each staff member has a personal development plan which set priorities and objectives to be met throughout the year: this is the benchmark used for the Trustees to agree the next point pay scale rise for each member of staff.

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

f. Related party relationships

There were no related party transactions during the period.

g. Risk management

The Council has conducted a review of the risks to which the charitable company is exposed. A detailed risk register, based on Charity Commission good practice, is reviewed by Trustees on a regular basis. It is updated by the Kickstart Manager and progress reported to Trustees. The risk register ensures that risks covering governance, operational, financial, external, health and safety (including fire risks) and compliance with law and revaluations are identified, assessed and mitigated. The risk register details the systems and procedures in place and any new action required to mitigate the risks the charity faces. During 2024/25 priority action was taken to:

We minimise internal financial control risks through the implementation of procedures for authorisation of financial transactions. Documented internal financial controls, which follow Charity Commission good practice guidance, were reviewed in 2024/25 by the Treasurer and the Kickstart Manager, prior to formal adoption by the Council at its meeting in April 2025.

Page 4

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 26 June 2024, next audit 26 June 2026) 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 no accidents recorded in the Kickstart Norfolk accident book during the year.

Plans for future periods

During 2025/26 our aims will be:

The charitable company maintained a steady level of rider numbers throughout the 2024-25 year despite the challenges facing riders because of the national cost-of-living situation.

Page 5

KICKSTART NORFOLK (A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods (continued)

The charitable company’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.

Objectives and activities

a. Policies and objectives

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

The main activities for the period continued to focus upon the hire of mopeds to unemployed people moving into employment, individuals in low paid work, 16-19-year-olds attending further education, persons making the transition from leaving care to independent living and the conversion of the petrol 50cc fleet to electric.

b. Public Benefit

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

Achievements and performance

a. Review of activities

2024/25 was a challenging year for Kickstart as we and our clients were continued to be affected by inflation and the cost-of-living crisis. The number of riders on average on the scheme decreased slightly throughout the year. The number of bikes on the road during the year ranged from 248– 278 (cf 2023-4 :255-286). The number of bikes on the road at the end of the 2024-25 financial year was 264 (cf 266 at the end of 2023-4)

Kickstart continued to benefit from the flexibility, co-operation and loyalty of our staff in facilitating the effective operation of the charity.

During 2024-25 we started 261 new moped hires, compared to 262 in 2023-24, a slight decrease of 1 (0.4%). We have also seen 60 repeat riders making a total of 321 riders assisted in 2024-25 (cf 321 in 2023-4).

Page 6

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Applications to access the scheme in 2024-25 were 565 compared to 546 in 2023-24 – an increase of 19 (3.3%). The conversion rate of applications to hires decreased from 47.99% in 2023-24 to 46.19% in 2024-25. We have received more applications this year compared to last year, however some of the applicants have not been ready to start the scheme due to being unemployed with no job offer yet. Our Partnership Officer has been able to attend more Job Fairs arranged by the Job Centre Plus which has seen the applications increase.

Since 2001, Kickstart has helped over 13,506 people with transport to enable them to access employment, search for employment, attend training or education. Slightly over 12% of our applicants in 2024-5 were female. This is down on the percentage of 2023-24, which was 14%, We will continue to monitor and promote our services to female applicants. 17% of applicants are from ethnic minorities, which is a significant rise on the 2023-4 percentage of 11%. We will continue to monitor and promote our services to women and ethnic minorities to encourage more users to the scheme.

Kickstart Norfolk continues to operate with some grant support (see the Financial Review section). The Council seeks to keep hire charges as low as possible. The hire fees from the 1st April 2024-31st March 2025 were £42 per week for a 50cc and £52 per week for a 110cc scooter. We had to increase these fees as of 01st April 2025 to £45 per week for the 50cc moped and £55 per week for the 110cc model, to enable us to cover 2025-6 budgeted operating costs and continue a modest fleet renewal programme.

Kickstart continued to run an MOT testing station for Class 1 & 2 vehicles. During the year we completed 375 MOTs, the same number as in 2023-4. Of the 375 MOTs conducted in 2024-25 250 were Kickstart’s own bikes and 125 from the public. The MOT testing station continues 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.

Our insurance claims and rider accident rates continued at a low level, and at renewal of our insurance in November 2024 we saw a decrease in premium of £50 per vehicle to £450. We continue to work with motorcycle trainers and our clients to improve the riding training of our riders, with regular updates from Kickstart throughout the year about safe riding and riding in adverse conditions.

The achievements and performance described above accord with Kickstart’s current and future objectives. Kickstart achieved self-sustainability in 2013 and this continued throughout the 2024-25 reporting period.

b. Success with partners

The Norfolk County Council leaving care scheme continued in 2024-25, resulting in us supporting 34 individuals in securing and maintaining employment, attending training and education, and improving their social skills. The Council tendered for a renewal of this contract at the end of the financial year 2024/25. Our tender was successful so Kickstart will be able to continue its support NCC’s leaving care team for the next 2 years with a possibility of a 2-year extension beyond that. Norfolk County Council POST-16 education scheme also enabled us to support 2 individuals to attend further education.

Kickstart’s electric moped fleet numbers are 19 and an average of 15 have been out on loan over the year. 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.

Page 7

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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.

A recent impact report for the period 1 April 2021 - 31 March 2022 shows that through the provision of Kickstart Norfolk, Wheels2Work, 257 additional jobs were secured by applicants, resulting in a yearly net gain to the economy worth a total of £1,264,861.75p, or £4,921.64 per person securing employment.

d. National success

Kickstart Norfolk remains the largest wheels to work charity in the country and is self-sustainable. The Kickstart Manager (Dale Curtis) continued as a Director of National Wheels 2 Work UK, until its closure in September 2024. The Kickstart Manager continues to give guidance to other schemes within the Wheel 2 Work network who are striving to become sustainable and to other interested parties wanting to set up Wheels 2 Work Schemes.

Financial review

a. Going concern

After making appropriate enquiries, the Directors 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.

Page 8

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

b. Reserves policy

Kickstart has total funds of £459,320 all of which are unrestricted funds. Included within unrestricted funds are designated funds totalling £308,384 ( 2024: £299,050) . Free reserves, defined as general unrestricted funds amounted to £150,936 ( 2024: £145,036 ).

The Council has examined the charitable company’s requirements for reserves in light of the main risks to the organisation. 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 the charitable company’s funds are expended each year. Having considered the options available, the Council has decided to spread risk by depositing the cash that it has available in:

As general interest rates on savings accounts have decreased during the latter part of 2024-25 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 budget for 2024-25 projected a small deficit of £3,158. This budget had a provision for renewal of the fleet bikes every other month, however with cash flow throughout the year better than expected we were able to purchase more mopeds than budgeted to help with the fleet renewal. The actual surplus on the year was £15,234 ( 2024: £16,392 ).

Page 9

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

e. The year ahead

Our budget plan for 2025-26 is for a decrease in our reserves of £563 after provision for some fleet renewal. The budget will be monitored throughout the year and revisited if required. It is planned that we will strive to achieve slightly more rider numbers this year which should then help to push forward with continued fleet renewal, a commitment agreed by the Trustees as a priority. By the end of the year, we expect our reserves to be lower than in some previous years but nevertheless at an acceptable level given the purposes for which reserves are held and the proven robustness of our business model.

Grants and contracts in the year ahead:

Statement of Directors' responsibilities

The Directors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 10

KICKSTART NORFOLK

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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

................................................ oe & A R Jones Chairman and Treasurer

Date: 14 July 2025

Page 11

KICKSTART NORFOLK

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Directors of Kickstart Norfolk ('the Company')

I report to the charity Directors on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Directors of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

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

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

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

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

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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102).

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

Page 12

KICKSTART NORFOLK

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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

Signed: Dated: 14 July 2025

Frank Shippam BSc FCA DChA

MA Partners Audit LLP

Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ

Page 13

KICKSTART NORFOLK

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
17,226
616,818
67,774
3,123
704,941
65,956
623,751
689,707
15,234
444,086
15,234
459,320		 Total
funds
2025
£
17,226
616,818
67,774
3,123
704,941
65,956
623,751
689,707
15,234
444,086
15,234
459,320		 As restated
Total
funds
2024
£
96,187
589,522
63,304
1,018
750,031
40,519
693,120
733,639
16,392
427,694
16,392
444,086

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

The notes on pages 18 to 35 form part of these financial statements.

Page 14

KICKSTART NORFOLK

(A company limited by guarantee) REGISTERED NUMBER: 04873541

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
14
Current assets
Stocks
15
Debtors
16
Investments
17
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
19
Total net assets
Charity funds
Restricted funds
22
Unrestricted funds
22
Total funds		 65,497
54,208
25,000
87,263
231,968
(53,585)		 2025
£
285,647
285,647
178,383
464,030
(4,710)
459,320
-
459,320
459,320		 69,293
30,850
25,000
106,774
231,917
(47,910)		 As restated
2024
£
260,079
260,079
184,007
444,086
-
444,086
-
444,086
444,086

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

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

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

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

Page 15

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

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

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

................................................ A R Jones AR Jones

Chairman and Treasurer

Date: 14 July 2025

The notes on pages 18 to 35 form part of these financial statements.

Page 16

KICKSTART NORFOLK

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Repayments of finance leases
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
63,821
3,123
11,496
(87,677)
-
(73,058)
(10,274)
(10,274)
(19,511)
106,774
87,263		 2024
£
66,072
1,018
17,774
(73,529)
(25,000)
(79,737)
(11,041)
(11,041)
(24,706)
131,480
106,774

The notes on pages 18 to 35 form part of these financial statements

Page 17

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

2. Accounting policies

2.1 Basis of preparation of financial statements

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

2.4 Expenditure

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

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 18

(A company limited by guarantee)

KICKSTART NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 19

(A company limited by guarantee)

KICKSTART NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

2.12 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.

2.13 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 Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 20

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 fixed assets

The Trustees set depreciation rates for depreciable assets based on an estimation of their useful lives and residual value.

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 subsidised and other funding

Grants
NCF Food Bus
NCF Other
NCC PTS
Other
Total 2025
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
-
-
-
-
17,226
-
-
-
17,226
77,000
19,187		 Total
funds
2025
£
-
-
17,226
-
17,226
96,187		 Total
funds
2024
£
75,000
2,000
18,662
525
96,187

Page 21

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from charitable activities

Unrestricted
funds
2025
£
Rider contributions
524,073
Moped insurance claims and repairs
38,567
Service Level Agreement income
48,985
Miscellaneous
5,193
Food bus
-
Total 2025
616,818
Total 2024
589,522
6.
Income from other trading activities
Income from non charitable trading activities		 Total
funds
2025
£
524,073
38,567
48,985
5,193
-
616,818
589,522		 Total
funds
2024
£
499,674
28,946
35,632
582
24,688
589,522
Unrestricted
funds
2025
£
Sale of safety equipment and moped parts
64,891
MOT income
2,883
Total 2025
67,774
Total 2024
63,304		 Total
funds
2025
£
64,891
2,883
67,774
63,304		 Total
funds
2024
£
59,787
3,517
63,304

Page 22

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Investment income

Unrestricted
funds
2025
£
Bank interest receivable
3,123
Total 2024
1,018		 Total
funds
2025
£
3,123
1,018		 Total
funds
2024
£
1,018

8. Expenditure on raising funds

Other trading expenses

Unrestricted
funds
2025
£
Costs of safety equipment and moped parts
65,956
Total 2024
40,519		 Total
funds
2025
£
65,956
40,519		 Total
funds
2024
£
40,519

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

Charitable activities
Total 2024 as restated		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
623,751
81,000
612,120		 Total
2025
£
623,751
693,120		 As restated
Total
2024
£
693,120

Page 23

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Analysis of expenditure by activities

Charitable activities
Total 2024 as restated		 Activities
undertaken
directly
2025
£
544,206
567,776		 Support
costs
2025
£
79,545
125,344		 Total
funds
2025
£
623,751
693,120		 As restated
Total
funds
2024
£
693,120

Analysis of direct costs

Staff costs
Vehicle insurance
Depreciation
Repairs and servicing to vehicles
Vehicle licences
Loss on disposal of assets
Recruitment and training
Food bus
CBT training fees		 Total
funds
2025
£
269,948
148,332
64,302
44,400
9,685
8,830
962
-
(2,253)
544,206		 As restated
Total
funds
2024
£
283,659
142,230
55,366
41,981
9,527
1,860
-
33,076
77
567,776

Page 24

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Rent and insurance
Bank charges
Office, stationery and IT
Light and heat
Publicity
Bad debts
Governance costs
Travel
Telephone and postage
Repairs and renewals
Sundry
Subscriptions
Professional fees
Depreciation
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts		 Total
funds
2025
£
20,009
11,930
9,631
9,585
5,521
4,911
4,178
3,523
2,837
2,495
2,159
2,105
572
89
79,545
2025
£
3,400		 Total
funds
2024
£
20,044
10,867
10,676
7,386
4,074
47,325
5,904
7,682
4,635
3,208
1,761
1,480
149
153
125,344
2024
£
3,300

11. Independent examiner's remuneration

Page 25

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
233,868
21,908
14,172
269,948		 2024
£
248,672
20,036
14,951
283,659

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

2025 2024
No. No.
Employees 8 10

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 £52,309 (2024: £50,763) .

13. Directors' remuneration and expenses

During the year, no Directors received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, no Director expenses have been incurred (2024 - £NIL) .

Page 26

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Tangible fixed assets

Cost or valuation
At 1 April 2024 (as previously stated)
Prior Year Adjustment
At 1 April 2024 (as restated)
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024 (as previously stated)
Prior Year Adjustment
At 1 April 2024 (as restated)
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024 (as restated)
15.
Stocks
Safety equipment and moped parts		 Plant and
machinery
£
489,941
(33,536)
456,405
81,687
(55,423)
482,669
247,469
(24,380)
223,089
52,915
(38,097)
237,907
244,762
233,316		 Motor
vehicles
£
49,817
-
49,817
28,598
(12,380)
66,035
23,143
-
23,143
11,387
(9,380)
25,150
40,885
26,674		 Fixtures and
fittings
£
27,274
-
27,274
-
-
27,274
27,185
-
27,185
89
-
27,274
-
89
2025
£
65,497		 Total
£
567,032
(33,536)
533,496
110,285
(67,803)
575,978
297,797
(24,380)
273,417
64,391
(47,477)
290,331
285,647
260,079
2024
£
69,293

Safety equipment and moped parts

Page 27

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2025
£
27,163
27,045
54,208		 2024
£
23,355
7,495
30,850

17. Current asset investments

2025 2024
£ £
Term deposit 25,000 25,000

Current asset investments comprises a 1 year fixed term bank bond redeemable after more than 3 months and therefore not meeting the definition of cash and cash equivalents.

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Obligations under finance lease and hire purchase contracts
Pension fund loan payable
Other creditors
Accruals and deferred income
19.
Creditors: Amounts falling due after more than one year
Net obligations under finance lease and hire purchase contracts		 2025
£
2,708
32,092
11,304
2,832
180
4,469
53,585
2025
£
4,710		 2024
£
2,276
34,238
3,680
2,304
180
5,232
47,910
2024
£
-

Page 28

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 112,263 131,774

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

21. Prior year adjustments

It was identified during the year that the fixed asset register included mopeds that had been sold or scrapped in previous years. The total costs of these mopeds was £33,536, the accumulated depreciation was £24,380 giving an overstatement of the net book value of £9,156. The opening balance of tangible fixed assets and the Capital designated fund have been reduced accordingly.

Page 29

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Lease commitments
Capital
General funds
General Funds
Total Unrestricted funds		 Balance at 1
April 2024
£
38,971
260,079
299,050
145,036
444,086		 Income
£
-
-
-
704,941
704,941		 Expenditure
£
-
(64,391)
(64,391)
(625,316)
(689,707)		 Transfers
in/out
£
(16,234)
89,959
73,725
(73,725)
-		 Balance at
31 March
2025
£
22,737
285,647
308,384
150,936
459,320

Page 30

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Lease commitments
Capital
General funds
General Funds
Total Unrestricted funds		 Balance at
1 April 2023
£
55,206
261,703
316,909
106,785
423,694		 Income
£
-
-
-
673,031
673,031		 As restated
Expenditure
£
-
(55,519)
(55,519)
(587,964)
(643,483)		 Transfers
in/out
£
(16,235)
53,895
37,660
(46,816)
(9,156)		 Balance at
31 March
2024
£
38,971
260,079
299,050
145,036
444,086

Page 31

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. Statement of funds (continued)

Restricted funds
Breckland Mobile Food Store
NCF Norfolk Household
Support
NCF Nourishing Norfolk
Total of funds		 Balance at
1 April 2023
£
4,000
-
-
4,000
427,694		 Income
£
-
2,000
75,000
77,000
750,031		 As restated
Expenditure
£
(4,000)
(2,000)
(75,000)
(81,000)
(724,483)		 Transfers
in/out
£
-
-
-
-
(9,156)		 Balance at
31 March
2024
£
-
-
-
-
444,086

Page 32

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. 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 sought 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.

Page 33

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

23. Summary of funds

Summary of funds - current year

Designated funds
General funds		 Balance at 1
April 2024
£
299,050
145,036
444,086
Balance at
1 April 2023
£
316,909
106,785
4,000
427,694		 Income
£
-
704,941
704,941
Income
£
-
673,031
77,000
750,031		 Expenditure
£
(64,391)
(625,316)
(689,707)
As restated
Expenditure
£
(55,519)
(587,964)
(81,000)
(724,483)		 Transfers
in/out
£
73,725
(73,725)
-
Transfers
in/out
£
37,660
(46,816)
-
(9,156)		 Balance at
31 March
2025
£
308,384
150,936
459,320
Balance at
31 March
2024
£
299,050
145,036
-
Summary of funds - prior year
Designated funds
General funds
Restricted funds
444,086

24. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
285,647
Current assets
231,968
Creditors due within one year
(53,585)
Creditors due in more than one year
(4,710)
Total
459,320		 Total
funds
2025
£
285,647
231,968
(53,585)
(4,710)
459,320

Page 34

KICKSTART NORFOLK

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

24. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
260,079
231,917
(47,910)
444,086		 Total
funds
2024
£
260,079
231,917
(47,910)
444,086

25. Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,172 (2024: £14,951) . Contributions totalling £2,830 (2024: £2,304) were payable to the fund at the balance sheet date and are included in creditors.

26. Operating lease commitments

At 31 March 2025 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 2025
£
9,984
12,753
-
22,737		 2024
£
16,234
20,445
2,292
38,971

£16,234 ( 2024: £16,235) has been recognised as an expense in the statement of financial activities.

27. 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 2025.

Page 35