OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Charity Registration No. 1180561

DRIVEN

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

DRIVEN

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs S Bithell
Mrs G Atkinson
Mr D Molyneux
Charity number 1180561
Principal address Ashland House
Dobson Park Way
Ince
Wigan
WN2 2DX
Independent examiner HullJady
41 Bridgeman Terrace
Wigan
Lancashire
United Kingdom
WN1 1TT

DRIVEN

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 14

DRIVEN

TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Driven is a Charitable Incorporated Organisation providing transport facilities in the Borough of Wigan and the surrounding areas for persons who have need of such facilities by reason of youth, age, ill-health, disability, financial or other disadvantage or those living in isolated areas where there are no adequate or safe public transport facilities.

Summary

This report covers the Covid lockdown period mirroring our financial year. Clearly passenger revenues have been adversely impacted, as our regular bookings – hospitals, day care, shopping and seaside day trips evaporated from our diary within the first week of this financial year. The furlough scheme has been utilised to retain the employed team as and when appropriate. It is difficult to confidently predict our future revenue streams for the next 12 months as we emerge for an unprecedented economic shock, we will however continue to evaluate the organisation’s opportunities and strategic direction to ensure its sustainability as we navigate our way out of the pandemic and emerge into the new post lockdown landscape. Dispite the pandemic Driven has been able to attract additional funding during this financial year and has responded to communities in crisis with creative deployment of its resources and by working in partnership with the social enterprise sector. Our reserves have remained intact during this year and we look forward to exploring some new opportunities, partnerships and revenue streams in the new year.

Accomplishments

We were unable to meet all the outcomes planned for the National Lottery Development Funding awarded to Driven due to lock down restrictions. The remaining funding was reallocated to the Covid response initiatives we worked on during the pandemic. Our volunteers and staff were classed as key workers to enable the organisation to reach out to individuals and families in crisis. Additional funding was secured from Wigan Council, Forever Manchester, and Coalfield Regeneration Trust. We loaned our vehicles to partner organisations and local food banks. Volunteers delivered PPE, Prescriptions and food parcels across the borough covering over 850 miles and over 100 hours of volunteering up to December 2020.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Driven now operates a door to door transport scheme supporting vulnerable and isolated people in the Wigan Borough. It manages a team of over 20 volunteer drivers using their own cars to reach out to these people and connect them to their families, day care provision, other VCSE partners, community events, medical appointments, shopping trips and leisure activities. The project promotes independent living and social inclusion for all people who struggle to access transport and need additional support with their journey. The project also manages 3 accessible minibuses for community groups and people who use wheelchairs.

Driven acts as a conduit to physically connect vulnerable and isolated people to places they want to go to and signpost them to other support networks, partner agencies, activities and events across the borough and beyond as appropriate. Driven’s VCSE partner agencies and NHS partners also benefit from an increased number of service users who can connect with their provision in a timely manner. The project is already producing a 2:1 social return on its initial investment and the management team want to maximise its potential and reach out to more community groups and socially isolated individuals.

DRIVEN

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

The Driven project is a a member of the Community Transport Association (CTA). CTA membership provides access to expert advice, support, training, current legislation and government policy relating to Community Transport provision.

Developing a pipeline of dedicated volunteers has been the key to success. Nurturing and retaining these remarkable individuals is paramount to the sustainability of the project.

Achievements and performance

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a Charity Incorporated Organisation .

The trustees who served during the year and up to the date of signature of the financial statements were: Mrs S Bithell

Mrs G Atkinson

Mr D Molyneux

Referral and word of mouth recruitment is preferred. We seek key skills in each trustee, so that the overall competency of the board is improved and maintained.

Our constitution requires a minimum of three trustees, and one to act as Chairman. Trustees are proposed, and elected, by the membership and appointed at the annual general meeting.

DRIVEN

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The accounts are prepared off-site by a reputable and long-established firm of accountants.

The trustees are aware of their duty to ensure that employees who hold key management positions, are fully competent to assess risks in their specific areas of responsibility.

Three key goals for the current administration are:

a) To develop sustainable funding for the future b) Raise wider awareness of the Charity and its aims

c) Widen our trustee and volunteer skills base.

The trustees have set up a reserve account and are working towards achieving a dedicated "emergency" amount enough to cover 3 months costs. Generation of alternative income is a top priority. We have concentrated on raising awareness of our charity and its aims, through outreach to traditional media, and with the selection and engagement of professional partners in web-site developments and bidding for funds, and pro bono professional support in marketing. The trustees, together with funding partners, will look at ways in which the charity can benefit the community and engage with community-orientated initiatives, in order to access new funding sources.

Structure and Governance

None of the trustees, nor the Chairman, receive any salary or financial remuneration for their work and involvement on behalf of Driven.

As an organisation we are committed to continuous improvement in line with the standards of good governance expected by the Charity Commission. Changes in legislation and regulations will be monitored, and our policies and procedures will be assessed and reviewed to ensure that Driven is operating within the legal framework. The board as a whole has responsibility for ensuring that policies and procedures are in line with legislation and regulations changes.

The trustees r eport was approved by the Board of Trustees.

Mrs S Bithell

Trustee Dated: 22 October 2021

DRIVEN

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DRIVEN

I report to the trustees on my examination of the financial statements of Driven (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

HullJady

41 Bridgeman Terrace Wigan Lancashire WN1 1TT United Kingdom

Dated: 22 October 2021

DRIVEN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Donations and legacies 3 79,632 133,056
Charitable activities 4 28,176 44,715
Total income 107,808 177,771
Expenditure on:
Raising funds 5 223 760
Charitable activities 6 67,689 143,458
Total resources expended 67,912 144,218
Net income for the year/
Net movement in funds 39,896 33,553
Fund balances at 1 April 2020 33,553 -
Fund balances at 31 March 2021 73,449 33,553

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

All income and expenditure derive from continuing activities.

DRIVEN

BALANCE SHEET

AS AT 31 MARCH 2021

2021
Notes
£
Fixed assets
Tangible assets
10
Current assets
Debtors
11
8,766
Cash at bank and in hand
64,128
72,894
Creditors: amounts falling due within one
year
13
(22,360)
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2020
£
£
22,915
7,015
47,840
54,855
(51,537)
50,534
73,449
73,449
73,449		 £
30,235
3,318
33,553
33,553
33,553

The financial statements were approved by the Trustees on 22 October 2021

Mrs S Bithell Trustee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

DRIVEN

1 Accounting policies

Charity information

Driven is a Charitable incorporated organisation. The registered office is 11 Charles Street, Tyldesley, Manchester, M29 8JW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:

there is a present legal or constructive obligation resulting from a past event

it is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement

the amount of the obligation can be measured or estimated reliably.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% straight line Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Donations and gifts 8,454 36,072
Grants 71,178 96,984
79,632 133,056
4 Charitable activities
Charitable Charitable
Income Income
2021 2020
£ £
Sales within charitable activities 28,176 44,715
5 Raising funds
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising and publicity
Advertising 223 760
223 760

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6 Charitable activities

Charitable Charitable
expenditure expenditure
2021 2020
£ £
Staff costs 36,276 81,876
Depreciation and impairment 7,320 8,420
Telephone 1,521 1,490
Post & stationery 286 110
Motor & travel 4,554 14,124
Volunteer driver expenses 5,072 18,021
Licences and insurance 544 1,892
Repairs and renewals - 172
Computer expenses 2,371 3,127
Cleaning 186 22
Subscriptions 1,827 395
Training 441 1,490
Sundry expenses 100 1,146
60,498 132,285
Share of support costs (see note 7) 4,158 5,131
Share of governance costs (see note 7) 3,033 6,042
67,689 143,458

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7 Support costs

7
Support costs
Support costs
Governance
costs
£
£
Support costs heading 1
-
-
Support costs heading 2
-
-
Audit fees
-
3,033
Legal and professional
-
-
-
3,033
Analysed between
Charitable activities
4,158
3,033
WARNING - DOES NOT AGREE
4,158
-		 2021Support costs
Governance
costs
£
£
£
-
2,167
-
-
2,964
-
3,033
-
6,015
-
-
27
3,033
5,131
6,042
7,191
5,131
6,042
4,158		 2020
£
2,167
2,964
6,015
27
11,173
11,173
-

Governance costs includes payments to the auditors of £ 1,380.00 for audit fees.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
- 5
Employment costs 2021 2020
£ £
Wages and salaries 28,917 75,576
Other pension costs 7,359 6,300
36,276 81,876

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10
Tangible fixed assets
Plant and
equipment
Motor vehicles
£
£
Cost
At 1 April 2020
2,780
35,875
At 31 March 2021
2,780
35,875
Depreciation and impairment
At 1 April 2020
695
7,725
Depreciation charged in the year
695
6,625
At 31 March 2021
1,390
14,350
Carrying amount
At 31 March 2021
1,390
21,525
At 31 March 2020
2,085
28,150
11
Debtors
2021
Amounts falling due within one year:
£
Trade debtors
6,853
Other debtors
305
Prepayments and accrued income
1,608
8,766
12
Loans and overdrafts
2021
£
Directors' loans
204
Payable within one year
204		 Total
£
38,655
38,655
8,420
7,320
15,740
22,915
30,235
2020
£
5,667
443
905
7,015
2020
£
368
368

DRIVEN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Borrowings
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
204
2,197
-
19,959
22,360		 2020
£
368
2,283
199
48,687
51,537

14 Related party transactions

There were no disclosable related party transactions during the year .