**REGISTERED COMPANY NUMBER: CE015534 (England and Wales) REGISTERED CHARITY NUMBER: 1180561** ## REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ## FOR DRIVEN Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD DRIVEN ## CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|2| |Independent Examiner's Report||3|| |Statement of Financial Activities||4|| |Balance Sheet|5|to|6| |Notes to the Financial Statements|7|to|11| |Detailed Statement of Financial Activities||12|| DRIVEN REPORT OF THE TRUSTEES for the Year Ended 31 March 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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** ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** 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 5 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. ## **FINANCIAL REVIEW** ## **Financial position** 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 have 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** 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. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE015534 (England and Wales) ## **Registered Charity number** 1180561 ## **Registered office** CT3 Building Wigan Investment Centre Waterside Drive Wigan WN3 5BA Page 1 DRIVEN ## REPORT OF THE TRUSTEES for the Year Ended 31 March 2023 ## **Trustees** Mr H Gerard (appointed 21.10.22) Mr P Garry (appointed 21.10.22) Mr H Thorne (appointed 19.10.23) Mrs A Caddick (appointed 19.10.23) ## **Company Secretary** ## **Independent Examiner** Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD Approved by order of the board of trustees on 31 January 2024 and signed on its behalf by: Mr H Thorne - Trustee Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DRIVEN ## **Independent examiner's report to the trustees of Driven ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also 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 your charity's accounts as 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** 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 and Republic of Ireland (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. Mr I.L. Frost (FCCA) The Association of Chartered Certified Accountants Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD 31 January 2024 Page 3 DRIVEN STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |31.3.23
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
25,768
Other trading activities
2
46,918
Other income
-
**Total**
72,686
**EXPENDITURE ON**
Raising funds
3
99,699
**NET INCOME/(EXPENDITURE)**
(27,013)
**RECONCILIATION OF FUNDS**
Total funds brought forward
29,584
**TOTAL FUNDS CARRIED FORWARD**
2,571|31.3.22
Total
funds
£
18,936
41,044
2,695
62,675
106,539
(43,864)
73,448
29,584| |---|---| The notes form part of these financial statements Page 4 DRIVEN ## BALANCE SHEET 31 March 2023 |||31.3.23|31.3.22| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**FIXED ASSETS**|||| |Tangible assets|7|13,532|18,458| |**CURRENT ASSETS**|||| |Debtors|8|6,097|8,110| |Cash at bank and in hand||4,824|27,098| |||10,921|35,208| |**CREDITORS**|||| |Amounts falling due within one year|9|(21,882)|(24,082)| |**NET CURRENT ASSETS**||(10,961)|11,126| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||2,571|29,584| |**NET ASSETS**||2,571|29,584| |**FUNDS**|10||| |Unrestricted funds||2,571|29,584| |**TOTAL FUNDS**||2,571|29,584| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 5 continued... DRIVEN BALANCE SHEET - continued 31 March 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2024 and were signed on its behalf by: Mr H Thorne - Trustee Mrs A Caddick - Trustee The notes form part of these financial statements Page 6 DRIVEN NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor vehicles - 25% on reducing balance Computer equipment - 20% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 7 DRIVEN NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023 ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
**3.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Surplus on disposal of fixed assets|31.3.23
£
46,918
31.3.23
£
99,699
31.3.23
£
5,376
3,809
-|31.3.22
£
41,044
31.3.22
£
106,539
31.3.22
£
8,187
1,472
(2,695)| |---|---|---| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|18,936| |Other trading activities|41,044| |Other income|2,695| |**Total**|62,675| |**EXPENDITURE ON**|| |Raising funds|106,539| |**NET INCOME/(EXPENDITURE)**|(43,864)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|73,448| continued... Page 8 DRIVEN NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023 ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |||||Unrestricted| |---|---|---|---|---| |||||fund| |||||£| ||**TOTAL FUNDS CARRIED FORWARD**|||29,584| |**7.**|**TANGIBLE FIXED ASSETS**|||| |||Motor|Computer|| |||vehicles|equipment|Totals| |||£|£|£| ||**COST**|||| ||At 1 April 2022|37,175|3,010|40,185| ||Additions|450|-|450| ||At 31 March 2023|37,625|3,010|40,635| ||**DEPRECIATION**|||| ||At 1 April 2022|19,585|2,142|21,727| ||Charge for year|4,623|753|5,376| ||At 31 March 2023|24,208|2,895|27,103| ||**NET BOOK VALUE**|||| ||At 31 March 2023|13,417|115|13,532| ||At 31 March 2022|17,590|868|18,458| |**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.23|31.3.22| ||||£|£| ||Trade debtors||6,097|3,350| ||Prepayments||-|4,760| ||||6,097|8,110| |**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.23|31.3.22| ||||£|£| ||Trade creditors||1,096|619| ||Social security and other taxes||2,666|-| ||Other creditors||342|2,732| ||Accrued expenses||870|53| ||Deferred government grants||16,908|20,678| ||||21,882|24,082| continued... Page 9 DRIVEN NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023 ## **10. MOVEMENT IN FUNDS** |At 1.4.22
£
**Unrestricted funds**
General fund
29,584
**TOTAL FUNDS**
29,584
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
72,686
**TOTAL FUNDS**
72,686
**Comparatives for movement in funds**
At 1.4.21
£
**Unrestricted funds**
General fund
73,448
**TOTAL FUNDS**
73,448
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
62,675
**TOTAL FUNDS**
62,675|Net
movement
At
in funds
31.3.23
£
£
(27,013)
2,571
(27,013)
2,571
Resources
Movement
expended
in funds
£
£
(99,699)
(27,013)
(99,699)
(27,013)
Net
movement
At
in funds
31.3.22
£
£
(43,864)
29,584
(43,864)
29,584
Resources
Movement
expended
in funds
£
£
(106,539)
(43,864)
(106,539)
(43,864)| |---|---| continued... Page 10 DRIVEN NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023 ## **10. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.21|in funds|31.3.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|73,448|(70,877)|2,571| |**TOTAL FUNDS**|73,448|(70,877)|2,571| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|135,361|(206,238)|(70,877)| |**TOTAL FUNDS**|135,361|(206,238)|(70,877)| ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 11 DRIVEN DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2023||| |---|---|---| ||31.3.23|31.3.22| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Grants|25,768|18,936| |**Other trading activities**||| |Fundraising events|46,918|41,044| |**Other income**||| |Gain on sale of tangible fixed assets|-|2,695| |**Total incoming resources**|72,686|62,675| |**EXPENDITURE**||| |**Support costs**||| |**Other**||| |Wages|47,445|49,971| |Pensions|1,230|2,715| |Other operating leases|3,809|1,472| |Insurance|6,856|2,911| |Telephone|1,610|1,134| |Postage and stationery|28|395| |Sundries|1,650|298| |Information and publications|295|4,696| |Repairs and renewals|3,697|7,863| |Other legal and professional|2,439|3,391| |Accountancy|4,846|4,410| |Motor expenses|16,853|14,866| |Travel and subsistence|603|4,230| |Computer expenses|2,963|-| |Depreciation of tangible fixed assets|5,375|8,187| ||99,699|106,539| |Total resources expended|99,699|106,539| |**Net expenditure**|(27,013)|(43,864)| This page does not form part of the statutory financial statements Page 12