REGISTERED COMPANY NUMBIR.. CE015534 {England and Wales) REGISTERED CHARITY NUMBER: 1180561 REPORT OF THE TR STEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED I MARCH 2024 FOR DRIVEN Cadishead Accountancy Services Limited Britannic House 657 Liverpool Road Irlam Manchest¢r Lanca5hiT¢ M44 5XD
DRIVEN CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended l Mar¢h 2024 Page Report of the Tru5t¢¢s Independent Examinerfs R¢port Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detsiled Statement of Financial Activities 12
DRIVEN REPORT OF THE TR March 2024 The trll5tees who are also directors of the charity for the purp05cs of the Compani¢s Act 2006, present their report with the financial statcmcnts of the charity for the year ended 31 March 2024. The trust¢¢s hav¢ adopted the provisions or Accounting and Reporting by Charities.. Statetnent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfIviTIES Objectives gnd aims Our primary objective is to otrer a sustainable transport servic¢ for individuals who hav¢ di]¢u[tY accessing regular transportation. We aim to bridge the transportation gap through a model that relies on volunteer drivers, ensuring the service is affordable, comtnunity-driven, and tailored to the specific needs of users. Key activities over the past year have included.. Door-to-door transport s¢rvi¢¢s for medical appointments, shopping trips. and social activities. Community events transportation to encourage social inclusion and participation. Special focu5 on elderly care by providing transport to ¢ld¢rly ¢itiz¢ns who may Struggle with mobility or accessing public transport. Achievements and performance In the past year, we have successfully expanded our reach and impact within the community, thanks to our growing network of volunteer drivers and partners. Key achievements include.. Increase in service users.. We provided transport to ov¢r 850 indhviduals despite the rocky start to the year with the minibus, an increase of l % compared to last year. Volunteer growth: The number of volunteer drivers gr¢w to 12 ¢nabling us to a¢commoda¢¢ mor¢ r¢qu¢sts and reduce waiting times. Volunteer contributions Our volunteer drivers are the backbon¢ of our organisation. Their commitment to providing safe and reliable transportation to those in need has been exceptional. Over the y¢ar, volunt¢¢r5 hav¢ contributed mor¢ than 1779 hour5 of their time, driving over 16319 rnile5. We continue to offer training and support to our volunteers, ensuring they have the necessary skills, knowledge, and r¢source5 to perfom) their roles safely and confidently. FINANCIAL REVIEW Financial review The financial position of Driven r¢mains stabl¢ and sustainable. Our funding comes primarily from community donation5, grnnt5, and s¢rvi¢¢ f¢¢s, which are kept low to ensure accessibility. Grants and donations from GMCVO and Coalfields Regeneration Trust have been instrumental in allowing us to expand our services and acquire additional resource5, including n¢w vehi¢l¢s and training for volunteer drivers. We aim to s¢cure additional fi]nding to ensure the continued growth and sustsinability of our setvices. Pland for the future Looking forward, our plan5 for the next year include.. Expanding our service area to cover additional rnral and underserved communities. In¢r¢asing volunt¢¢r recruitment efforts to reduce waiting times and ensure we can meet the growing demand for services. Diver5ifyin8 fundin8 50urce5 to ensure long-term sustainability and r¢du¢e relian¢¢ on grants. Page I
DRIVE REPORT OF THE TRUSTEES for the Year Ended 31 March 2 24 FJNANCIAL REVIEW Conclusion We are incredibly proud of what we have achieved this year, and it is a testament to th¢ dedication of our volunteers. staff, and supponers. Driven continues to provide ¢sS¢titial transport services that make a real difference in the lives of our Community memb¢rs. We look forward to building on this success and rther expanding our services in the coming yeaTS. We would like to extend our gratitude to everyone involved in supporting our mission, and we are excited for the tle. STRUCTURE, GOVERNANCE AND MANAGEMENT None of the trsteeS. nor the Chairman, r¢c¢iv¢ any salary or financial remunerdtion for their work and involvement on behalf of Driv¢n. As an organisation we are committed to continuous improvement in line with the Standards of good gov¢rnanc¢ expected by the Charity Cotnrnission. Changes in l¢gislation and regulations will be monitored, and our policies and procedures will be a55essed and reviewed to ensure that Driven is operating within the legal framework. Tl)e board as a whole has responsibility for ensuring that policies and procedures are in line with legislation and regulation5 chang¢5. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CEOI 5534 (England and Wales) Reglstered Charlty llumber 1180561 Registered ol¢C CT3 Building Wigan Investment Centre Waterside Drive Wigan WN3 5BA Trustees Mr H Gerard Mr P Garry Mr H Thorn¢ (appointed 19.10.23) Mrs A Caddick (appointed 19.10.23) Company S¢¢retary Independent Exarniner Cadishead Accountancy Services Limited Britannic Hous¢ 657 Liverpool Road Irlam Manchester Lancashire M44 5XD Approved by order of the board of trnstees on .... and signed on its behalf by.. Mr H Thome - Trustee Page 2
INDEPENDE DRIVEN T EXAMINER'S REPORT T THE TRUSTEES OF Independent ex&miner'5 report lo the trustees of Driven ('the Company,) I report to the ¢harity trustees on my examination of th¢ accounts of the Company for the year ended 31 March 2024. Responsibilitles and basis of report As the charity's trustees of the Company {and also its directors for the purposes of company law) you ar¢ responsible for the preparation of the accounts in accordance with the requirements of the Companies A¢t 2006 ('the 2006 ACV). Having satisfied myself that the accounts of the Company are not r¢quir¢d to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in re5p¢¢¢ of my examination of your charity's accounts as Carried out under Section 145 of the Charities Act 2011 ('th¢ 201 l Act,). In carrying out my examination I hav¢ followed the Directions given by the Charity Commission under Section 145(5} (b) of the 201 l A¢t. Independent ¢x8miner's Statement I have completed my examination. l ¢onfirni that no matters have come to my attention in connection with the examination giving me caus¢ to b¢lieve'. accounting records were not kept in respect of the Compony as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records; or the accounts do not comply with the accounting requir¢Tn¢nts 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 the accounts have not be¢n prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing th¢ir a¢¢ounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 1021). I hav¢ no ¢on¢¢rns and have come across no other matters in ¢onn¢ction with the examination to which attention should b¢ drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr l.L. Frost (FCCA) The Association of Chartered C¢rtifi¢d Accountants Cadishead Accountan¢y Services Limited Britannic House 657 Liverpool Road Irlam Manchester Lancashire M44 5XD Date.. Page 3
IVE STATEMENT OF FINANCIAL A for the Year Ende h 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Not¢s INCOME AND ENDOWMENTS FROM Donations and legaciey 33,610 25.768 Other trading activities 35,441 46,918 Total 69,051 72,686 EXPENDITURE ON Raising funds 81,466 99.699 NET INCOME/(EXPENDITURE) (12,415) (27.013) RECONCILIATION OF FUNDS Total fi]nds brought forward 2.571 29,584 TOTAL FUNDS CARRIED FORWARD 19,844) 2,571 The notes forni part of these financial statements Page 4
DRIVEN BALANCE SHEET l Mah 2024 31.3.24 Unrestricted fund 31.3.23 Totsl fund5 Notes FIXED ASSETS Tangible &55ets 10,063 13.532 CURRENT ASSETS Debtors Cash at bank and in hand 3.785 2,177 6,097 4,824 5,962 10,921 CREDITORS Amounts falling due within one year (25,869) {21,882) NET CURRENT ASSETSI(LIABILITIES) (19,907) (10,961) TOTAL ASSETS LESS CURRENT LIABILITIES (9,844) 2,571 NET A&8ETSI(LIABILITIES) {9,844} 2,571 FUNDS Unrestricted funds (9.844) 2,571 TOTAL FUNDS (9,844) 2,571 The charitable company is enii¢l¢d to ¢x¢mption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Mar¢h 2024. The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with S¢otion 476 of the Companies Act 2006. Th¢ trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting record5 that cornply with Sections 386 and 387 of the Companie5 Act 2006 and preparing fJnan¢ial statements which give a twe 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 accordanc¢ with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to finan¢ial stat¢rn¢nts, so far as applicable to the charitable company. (b) The notes foTm part of these financial statements Page 5 ontinued...
BALANCE SHEET- ntinued These financial sialements have been prepared in accordance with the provLSlgn5 applicable to charitable companies subject to the small companies regime. The financial statements were approv¢d by the Board of Trustees and authoris¢d for issue and were signed on its behalf by.. on hli. H Thorne - Tru5te¢ rs.4 Caddiek- Trust¢¢ The notes fom) part of these financial staiemenis Page 6
DRIVEN NOTES TO THE FINANCIAL for the Year En March 2024 MENTS ACcOUPlNG POLICIES Basis of preparing the finaneial stxtementS 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- St#t¢m¢nt of R¢¢oTnmended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Rcpublic of Ir¢land {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic (Trf Ircland. and the Companies Act 2006. The financial statements have b¢en pr¢par¢d under lh¢ historical cost convention. Income All income is recognised in the Statement of Financial Activsties once the charity ha5 entitl¢m¢nt to the funds, it is probable that the income will be received and th¢ amount can be measured reliably. Expenditure Liabilities are recogni5ed as expenditure as soon a5 th¢r¢ 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 atnount of the obligation can be measured reliably. Expenditure is accounted for on an accrnals ba515 and has been classified under headings that aggregate all cost related (o the category. Where costs cannot b¢ dire¢tly attributed to particular h¢adings th¢y have been allocated io activities on a basis consistent with the use of resou¢5. Tangible fjxed 45sets D¢pre¢iation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor vehicles Computer equipmeni 250/0 on reducing balance 200/0 on ¢ost Taxation The charity is exempt from COr)ration tax on its charitable activities. Fund accounting Unrestricted fund5 can be used in a¢¢ordan¢¢ with the Charitable objectiyes at the di5¢retion of the trustees. Restrictcd 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 fvnd is included in the notes to the financial statements. Hirc purchase 2nd leasing ¢ommitmen15 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 8nd other post-retirement benefits The charitable company operdtes a defmed 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. Page 7 ontinu¢d...
VE NOTES TO THE FINANCIAL STATEM for the Year Ended 31 M ue OTHER TRADJNG ACTIVITIES 31.3.24 31.3.23 Fundraising events 35,441 46,918 RAISING FUNDS Rfiising donations and legacie5 31.3.24 31.3.23 Support costs 99,699 NET INCOMEI(EXPENDITURE) Net incotn¢l{expenditure) is ststed after chargingl{crediiing)'. 31.3.24 31.3.23 Depreciation - owned assets Other operating leases 3,469 4,070 5,376 3,809 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or oiher benefits for th¢ year ¢nd¢d 31 March 2024 nor for the year ended 31 March 2023. Trustee5' expenses Th¢r¢ were no tThstees' expenses paid for the year ended 31 March 2024 nor for th¢ y¢ar ¢nd¢d 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢t¢d fvnd INCOME AND ENDOWMEf4TS FROM Donations and legacies 25.768 Other trdding activities 46,918 Total 72.686 EXPENDITURE ON Raisin8 funds 99,699 tYET INCOMEI(EXPENDITURE) (27,013) RECONCILIATION OF FUNDS Total fund5 brought forward 29,584 TOTAL FUNDS CARRIED FORWARD 2,571 Page 8 continued...
DRtVEN NOTES TO THE YINANCIAL STATEMENT for the Year Ended 31 March 2024 continued TANGIBLE FIXED ASSETS Motor vehicles Computer equipmeni Tota15 COST At l April 2023 and 31 March 2024 37,625 3,010 40,635 DEPRECIATION Ai l April 2023 Charg¢ for year 24,208 3,354 2,895 27,103 3,469 At 31 March 2024 27,562 3,010 30,572 NET BOOK VALUE At 31 March 2024 10,063 10,063 At 31 March 2023 13,417 13.532 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trdde debtors 3.785 6,097 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see noi¢ 10) Trade crediiors Social s¢curity and other taxes Oth¢r Creditors Accrued expenses Deferred 8overnrn¢nt grants 20,000 ,032 1,712 1,625 1.500 1,096 2,666 342 870 16,908 25,869 21,882 io. LOANS An analysis of the maturity of loans is given below.. 31.3.24 31.3.23 Amounts falling duc within one year on demand: Bank loans 20,000 Page 9 continued...
DRIVEN NOTES TO THE FINAN IAL STATEMENTS- eontinued for thc Ycar Ended 31 March 2024 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unreslri¢led funds Genero1 fund 2,571 (12.415) (9,844) TOTAL FUNDS 2,571 {12.415) (9,844) N¢t movement in funds. included in the above ar¢ as follows.. Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 69,051 (81.466) {12.415) TOTAL FUNDS 69,051 (81,466) (12,415) Comparatives for movement in funds Net movem¢nt in funds At 31.3.23 At 1.4.22 UDre5trieted funds G¢n¢ral fund 29,584 (27,013) 2.571 TOTAL FUNDS 29,584 {27,013) 2,571 Comparative net movement in funds, included in the above are as follows.. Incoming resources R¢source5 expended Movement in funds Unrestrieted funds General fund 72,686 (99.699) (27,013) TOTAL FUNDS 72,686 {99.699) (27,013) Page 10 continued...
DRIVEN NOTES TO THE FI ANCIAL STATEMENTS - continu f h YeaT Ended 31 March 2024 ii. MOVEMENT IN FUNDS- continued A currenl year 12 months and prior y¢ar 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 UnrestTlCted funds General fund 29,584 (39,428) (9,844) TOTAL FUNDS 29,584 (39,428) (9,844) A Cuent year 12 months and prior year 12 months ¢ombined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 141.737 (181.165) (39,428) TOTAL FUNDS 141.737 (39,428) 12. RELATED PARTY DISCLOSURES Th¢re were no related party transactions for the year ended 31 March 2024. Pagell
DRIVEN DETAILED STATEMENT OF FINANCIAL AcfiviTIE for the Year En l March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations #nd legacies Grants 33,610 25,768 Other trading aetivities Fundraising events 35,441 46,918 Total incorning re50urc¢s 69,051 72,686 EXPENDITURE Support costs Other Wages Pensions Other operating leases In5UTance Telephone Postage and stationery Sundries Information and publications Repair5 and rcnewals Other legal and professional Accountancy Motor expen5¢S Travel and subsistence Computer expense5 Depreciation of tangible fixed assets 42.069 498 4.070 4.660 1,252 75 2,362 47,445 1,230 3,809 6,856 1,610 28 1,650 295 3,697 2,439 4,846 16,853 603 2,963 5,375 317 2,270 2,082 16,662 169 1,510 3,470 81.466 99,699 Tolal resources expended 81,466 99,699 Net expenditure (12,415) (27,013) This page does noi forni part of the siatutory financial statements Page 12