REGISTERED COMPANY NUMBER.. 02898698 {England and Wales}
REGISTERED CHARITY NUMBER: 1055753
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
SOUTH EAST WALES ENERGY AGENCY LIMITED
MHA
Etfed House
Oak Tree Court
Cardiff Gale Business Park
CARDIFF
CF23 8RS

SOUTH EAST WALES ENERGY AGENCY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examiner's Report
Ststement of Financial Actlvlties
Balance Sheet
Notes to the Financial Statements
9 to 15

SOUTH EAST WALES ENERGY AGENCY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also directors of the charlty for the purposes of the Companies Act 2006, present their report wllh the
financ¢al statemenis of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
In aceordanee with the Financial Report¢ng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1
January 2019).
The Charity is also known as the South East Wales Energy Advlce Cenlre.
OBJECTIVES AND ACTIVITIES
Charltable objects
To advance the education of the public within South East Wales In energy conservation and the efficient use of
energy, land, water and other natural resources. transport and waste recycling.
To conseNe and protect natural resources.
To relieve those in need by the provision of adv¢ce and assistance including advice in the more efficient and
economical use of energy in their homes.
Objectives and activitles
Raising awareness ol climate change and fuel poverty through various media.
Providing a free Telephone Advice servi￿ to the public and landlords on all matters relating to the utilizalion of
ellergy and renewable energy generation.
Outreach activity including attending events. giving presentations.
Renewable energy promotion advice and presentations.
Training and supporting community groups and local organisalions to eliminate fuel povety and unhealthy colif and
damp homes
Grant giving criteria
We have received restricted funds from various sources to provide grants to vulnerdble households as part of our Healthy
Homes project. With these funds now diminished they will be used to provide small items that can help people keèp warm
during cold weather or simple to fit DIY measures.
Public benef*t
The organisalion's trustees can confirm that they have complied with the duty in Seclion 17 of the Charities Act 201110 have
due regard to public benefit guidance published by the Commission. Significant activities that we undertook during the year
that demonstrate public benefit are set out below.
Page 1

SOUTH EAST WALES ENERGY AGENCY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charltable aetivlties
When the charity was established in 1994 il was the only organization in the region raising awareness of climate change and
offering free and impartial advice lo the public in ways lo combat il Ihfough energy efficiency and renewable energy. This was
supplemented by providing tsngible assistance through securing grant fvnding lo reduce energy consumption in homes
through installing insulation, modem healing systems and more re¢enly solar panels. The majority of our income to fttnd our
free advice setvice came throLtgh managing these grant $¢hemes on behaK of energy suppliers and govemment.
Now inlts 30th year, the charity is one of the UK'S oldest established Regional Energy Agencies. During this time the ¢harity
has provided bespoke advice lo over 286.000 households, helped achieve ¢umulalive energy bill reductions of £165 million
and reducod lifetime carbon emissions by 594.000 lonlles, the equÈvalent of planting over 2 million trees. Some £20 million in
grant aid had been secured and directly funded improvements to more than 28,550 homes.
The Energy Efficiency and Carbon Reduction Advice Line is a free and impartial service for householders although there has
been an increase in on-line activity responding lo email enquiries.
Whilst we were promoting the EC04 Flex energy saving grant scheme and had a very good response our efft)rts were
hampered by one of the main local authO￿tieS we supported not adopting the scheme and the other two years on still not in
position to approve applications. This is despite the necessary work being fully funded by the obligated energy companies.
We provided the secretarial for the Ca￿on Action Netwoth Cymru that has now been renamed the Association of Local
Energy Officers. This consists of local government officers primaiily responsible for delivering home energy efficiency and
carbon reduction ir¢iliatives. Whilst being domiant for several years it has now been revitalized with the main focus being to
collaborate on delivering their EC04 Flex schemes.
We have provided free energy survèys for village halls in conjunction with the Halls Together initiative and the Wye Valley
AONB helping then access grants to make improvements.
Working with Food Banks we have used our funds to provide Winter gift bags to their rectpients.
Page 2

SOUTH EAST WALES ENERGY AGENCY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Due to the onerous contractual conditior¢s associated with managing fuel povety and erivironmental schemes for energy
supplieTS and the Welsh Government now contracting with a single ¢ontraclor for all of Wales the decision was taken to
discontinue our managing agent roles. This resulted In the traditsonal funding streams that were derived from fees for
managing these projects eeased. Fortunately, due lo our level of reseNes we have been able to contlnue ￿th our core
activity, Ihat of providillg free and impartÉal advice to the public.
Income for the year came solely from Inte￿51 on investments and amounted to £41.392 {2023'. £43,3311- The charity's
expenditure in the year amounted to £83.752 {2023.. £104.2711. Despite the current level of income falling below that of
expenditure the level of reseNes and the interest generated means that the charity will be able to continue providing Its core
free and impartial advice service for some time to come.
Reserves policy
No longer acting as managing agents meant that we no longer needed to hold the high level of working capitsl required to
finance such schemes. Therefote. we aim to run down our reserves to fund both our existing free advice wort( as well as
funding new projects that support our wider charitable objecttves.
It was decided that as there was little prospect of developing a purpose-built environment centre the £1.000,000 that had
been designated for its constojction wll be used to fund a wider range of smaller projects. Therefore as at 31 March 2024 the
charity had total fvnds of £2,065,155 (2023. £2,107,515) of these £6.56412023.. £7.3921 were restricted.
Funds In deficit
There are no funds in deficit.
Princlpal funders
Due to our high levels of reserves and opting out of previous managing agent work in the medium tem we no longer require
or seek funding from external sources. As we do not receive or require funding from outside bodles such as govemment.
local authorities, energy suppliers. etc. our advice can be seen to be truly independent and without bias.
Fund raising code of practice
The chartty has never raised funds from the public and eurrentty has no plans lo do so. It therefore does not have or need a
ndraising code of practice or policy to protect vulnerable donors.
Investment policy
Reserves are held on deposit with security of the funds given a higher priority than higher returns that would introduce higher
element of Tisk. We aim to pla￿ funds where retums are competitive and covered al least in part by the UK Financial
Services Compensation Scheme.
Remuneratlon of seniorstaff
The charity's policy is lo base the salary of senior staff by benchmarking them against other similar posts in the charity
sector.
Expenses of trustees
The only expenses paid to trustees of the charity during Ihe year relaled to travel costs of £212 12023.. £127) for attending
trustee meetings.
Page 3

SOUTH EAST WALES ENERGY AGENCY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
Wilh the govemm8nl encouraging the installation of electriG heat-pumps in place of gas boilers the introduction of Ihls
technology into homes will undoubtedly lead to an increase in both the requirement for advice prior lo taking decisions on
installing the appropriate $ystems along with subsequent advice on operating the new equipment. We are therefore Prepared
for the increased demand on our services in this area along with that relallng to the uptake In eleclriG vehi¢les and solar
energy.
Whilst lor reasons mentioned eadier, we will no longer be acting as managing agents for schemes il is our intention to use
our reseNes and ineome generated from them lo meet gaps in the present provision of advice. We will continue to seek
funding to install measures, particulady for those in fuel poverty or experienckng poor health and take every opportunity to
assist by referring them into other existing schemes that may help.
Over recent years many other org8nis8tlOll5 have entered Ihe domeslic energy advice and fuel poverty sector and so instead
of duplicating the services available to the public it was decided to diversrfy away from solely energy and embrace our wider
environmental charitable objectives, particularfy into areas less well served.
We have Commenced pilot pr()jecls with primary schools to detetmine how we can use some of our funds lo ftjrther their
environmental projects by providing capital equiprnent that is outside their limited and squeezed resources. This will allow
pupils to gain hands on experienGe with fi)tsd production. including pollinators, food preparation avoiding produce associated
with deforestation, water conservation and renewable energy.
There is also a pllot with a community ￿ntre and Cookalong Clwb to sponsor a family cooking initiative where parents and
children can be laught how to cook economically, l)oth with sustainable healthy ingredients and with low energy use. We are
looking at extending this to work with Food Banks and similar groups.
Our work supporting community buildings to reduce their energy consumption and costs will continue as Ihere is little free
assistance available for this group.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The eharily is a company limited by guarantee, govemed by its Memorandum and Articles of Association. The liability of
each member is limited to £1.
Appolntment of trustees
The trustees are appointed by the Board of Trustees 2nd are selected ork the basis of their knowledge of the charity's
activities, of sustainable energy. energy efficiency. housing, etc as this adds value lo the work of the charity. They are usually
current or previoLES funders and $0 familiar with the management and workings of the charity, as well as the environment in
which it operates.
Oryanisation
The Board of Trustees who are also directors of the company oversees the charity. The day-to4ay management and
strategic direelion of the eharity rests with the Agency Director.
Induetion of trusteé$
Al their time of appoinlmenL tnjslees are familiar with the work of the dtarity and have considerable experience of the field
that we work in. The induction process therefore onEy involves infomiing them of their responsibilities as trustees and for this
we use material provided by the Charity Comrnission.
Related parties
The charity is totally independent with no related parties.
The charlly has no trading subsidiaries and no finan¢ial Interest in any other business or organisation.
Risk management
The trustees have procedures in place to idenlrfy and revlew the risks to which the eharity is exposed and to ensure
appropriate controls are in place to provide reasonable assuran¢e against fraud and error.
Page 4

SOUTH EAST WALES ENERGY AGENCY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
02898698 (England and Wales)
Registèred Charlty number
1055753
Registsred office
8 Dinch Hill
Unijy
Caldicot
Monmouthshire
NP26 3JL
Trustees
A M Bassett Jones
A T Roberts
M E Roberts
Agency Director and Company Secretsry
A David
Independont Examiner
MHA (trading name of Maclntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
CARDIFF
CF23 8RS
Bank
Cooperative Bank
16-17 High Street
CARDIFF
CF10 1AY
Approved by order of the Board of Trustees on ...
. and signed on its behalf by..
A David - Secretary
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SOUTH EAST WALES ENERGY AGENCY LIMITED
Independent examlner's report to the trustees Of South East Wales Energy Agency Llmlted I'the Company.)
I report to the charlly trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's Iruslees of the Company (and also its directors for thè purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the reqLrirements 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
a￿ eligible for independent examination, I report in respect of my examination of your ¢harity's accounts as Ca￿led out under
Section 14S of the Charities Act 2011 {'Ihe 2011 Acl'l. In carying out my examination I have followed the Directions given by
the Charrty Commission under Section 145(51 {bl of the 2011 Act.
Independent examinerfs statemont
I have completed my examination. I confirm that no Matte￿ have come lo my attention In connection with the examination
giving me cause to believe-
accounting fecords were not kept in respect of the Company 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 accountin9 requirements of Section 396 of the 2006 Act other than any
requirement that Ihe accounts give a true and fair view whtch is not a matter ¢orksidered as part of an independent
examination-, or
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 wtlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211.
I have no concems and have come across no other matters in connection with the examination to which attenlion should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Julia Mortimer FCCA
MHA
CARDIFF
CF23 8RS
MHA 15 the trading name of Maclntyre Hudson LLP Limited Liability Partnership in England and Walés (Registered number
OC312313)
Page 6

SOUTH EAST WALES ENERGY AGENCY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Totsl
funds
Unrestricted
funds
Reslricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
Other income
41,392
41,392
25,224
18,107
Total
41,392
41,392
EXPENDITURE ON
Charltable activltles
Energy Efficiency Advice Centre
Strategic activities
Healthy Homes
73.168
4.878
73.168
4.878
5.706
84,114
18,098
2.059
828
Total
82,924
828
83.752
104.271
NET INCOMEIIEXPENDITURE)
{41.5321
(8281
(42.360)
(60,940}
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
2,100,123
7,392
2,107.515
2.168.455
TOTAL FUNDS CARRIED FORWARD
2.058.591
6.564
2.065.155
2.107.515
The notes form part of these financial statements
Page 7

SOUTH EAST WALES ENERGY AGENCY LIMITED
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restrictsd
funds
Notes
FIXED ASSETS
Tangible assets
35,656
35.656
48,716
CURRENT ASSETS
Debtors
Cash at bank
12
795
2.024,312
795
2.030,876
160
2.060 674
2,025,107
6,564
2.031,671
2.060.834
CREDITORS
Amounts falling due wlthln on6 year
13
(2.172)
(2.172)
(2,035)
NET CURREMf ASSETS
2.022.935
6.564
2.029.499
2,058,799
TOTAL ASSETS LESS CURRENT LIABILITIES
2,058.591
2.065,155
2.107.515
NET ASSETS
2.058,591
6,564
2.065.155
2.107.515
FUNDS
Unrestricted funds
Restricted funds
14
2,058,591
2.100.123
7,392
TOTAL FUNDS
2.065,155
2.107,515
The charitable company is entltled to exemption from audit under Section 477 of the Companies 2006 for the year ended
31 March 2024.
The members have not required Ihe company to obtain an audrt of its financiat statements for the year ended 31 March 2024
in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities lor
(a)
ensuring that the charitable company keeps accounting records that comply wsth Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the stste of affairs of Ihe charttsble 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 othenbvise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the charitable company.
(b)
These financial ststements have been prepared in accordan￿ with the provisions applicable to charitable compani6s subject
to the small companies regime.
The financial statements were approved by the Board of Trustees and aulhorised for Issue on ..
and were signed on its behalf by:
A T Roberts - Trus
The notes fomi parl of these financial statements
Page 8

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
South East Wales Energy Agency Limited is a registered charity and private company limlted by guarantee without
share capital, incorporated in Wales in the United Kingdom. The registered office is 8 Dinch Hill, Undy. Caldicot.
Wales. NP26 3JL. The nature of the ¢haTitable CoMpan￿S operations and principal activities is disclosed wlthin the
Report ofthe Tru$tee$.
The financlal statements are presented in Sterling (£1, the charitys functional currency. and rounded lo the nearest
pound.
The significant accounting policie$ applied in the preparation of these financial statements are sel out below. These
policies have been consistently applied lo all years presented unless otherwise staled.
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial 51alemenls of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in Ihe UK and Republic of Ireland (FRS 1031 {effeelive l 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 convenlion.
There has been no departures from Financial Reporting Standard 102.
Income
All income is recognised in the Statement of Financial Activities once the charity has enlillement to the funds, it ts
probable that the income will be received, and the amount can be measured reliably.
This includes capital grants.
Income from charltable activities
Income fmm charitable activities includes inc(rne received under contract or where entittement to grant funding is
subject to specific performance conditions. This income is recognised as the relaled services are provided and there
is entitlement, probability of receipt and the amount can be measured with sufficient rellability- Income is deferred
when the amounts received a￿ in advance of the perfomance of the service or event lo which they relate.
Investment Income
Investment income is recognised on a re¢eivable basis.
other in¢orne
Other income includes gains on disposals of tangible fixed assets held for the charity's own use.
Expendlture
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 aeeounled for on an a¢¢ruals 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 adivities on a basis consislenl with the use of resources.
Expenditure on charitable activities comprises those costs incuned by the charity in the delivery of its activities and
serv¢ce5 for its beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of
an indirect nature necessary lo support them.
Page 9
continued...

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - Gontinuod
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
Expenditure
Support costs are those costs that, whilst necessary to deliver an a¢tivty, do not themselves produce or constitute
the oulpul of the charitable activity. This includes govemance costs which a￿ Ihose costs associated with meeting
the Constitutional and statutory requirements of the charity and include the aecounlancy fees and costs linked to the
strategic management of the Charity as well as a proportion of salaries based on an approximation of lime spent in
this area.
AllocatSon and apportlonment of costs
Support cos15 are allocated lo each activity on the basis of Ihe number of hours spent.
Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less ils estimated residual value, over the useful
economic life of that asset as follows:
Equipment- 33% of cost per annLtm
Motor Vehicles- 25¥0 of cost per annum
Taxation
The charity is exempl from corporation tax on its charitable activities.
Financlal instruments
The charity only has financial assets and financial liabilities of a kind that qualify as a basic financial instrument. Basic
financial instruments are initially recognised at transaction value and subsequently measured al their settlement
value.
Trade debtor5 and other debtors are recognised at the setuement amount due and prepayments are valued al the
amouril prepaid.
Creditors are recognised where the charily has a present obligation resulting from a past event that will ptobably
result in the transfer of funds lo a third party and the amounl due to settle the obligation can be measured or
estimated reliably. Creditors are normally re(x)gnised at their setttement amount after allowing for any trade discounts
due.
Funds structure
Unrestricted funds represent resources available to be applied by the trustees for the gener21 purF)oses of the charity.
Restrtcted funds are resources that the donor has 5b"pulated may only be applied for particular purposes within the
harity'5 Qbjects.
Designated funds are amounts set aside from the general unrestricted funds to be used for particular purposes. They
remain part of unrestricted frjnds.
INVESTMENT INCOME
2024
2023
Bank interest receivable
25.224
Page 10
continued...

SOUTH EAST WALES ENERGY AGENCY LIMrrED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
OTHER INCOME
2024
2023
Gain on sale of tangible fixed assets
18,107
CHARrrABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs {see
note 71
Totals
Energy Efficiency Advice Centre
Strategic activities
Healthy Homes
60,731
4.049
4.877
12,437
829
829
73,168
4.878
5.706
69.657
14,095
83,752
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
InsuTanc6
Motor and travel Gosts
Telephone
Marketing
Sundry
Office expenses
Printing, postage and stationery
Fees
Healthy Homes project costs
Depreciation
53.000
1,168
629
371
129
581
170
188
556
828
12.037
71,966
1,015
509
335
330
329
128
2,059
9,990
69,657
86.661
SUPPORT COSTS
staff
Costs
Other
costs
Governance
costs
Depreciation
Totsls
Energy Efficiency Advice
Centre
Strategic activities
Healthy Homes
5,501
367
367
1.874
125
125
392
26
26
4.670
311
311
12.437
829
829
6.235
2,124
444
5.292
14,095
Page 11
continued...

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
NET INCOMEI{EXPENDITURE}
Net in¢omel(expendilure} is staled after chargingllcreditingl..
2024
2023
Independent examination fee
Depre￿allOn- owned assets
Surplus on disposal of fixed assets
1,950
14.161
1,950
11,753
18.107)
TRUSTEES. REMUNERATION AND BENEFITS
There were no twstees. remuneration or other benefits for the year ended 31 March 2024 or for the year ended 31
March 2023.
Trktstees. expense$
There were trustee's expenses of £212 (2023= £127} paid lo 2 trustees for the year ended 31 March 2024 for
reimbursement of travel expenses.
10.
STAFF COSTS
2024
2023
Wages and salaries
Social secursly costs
59,925
2,428
80.931
3.735
62.353
84.666
The total key management personnel remuneration benefits paid during the year was £65.199 {2023: £65.8521.
The average monthly number of employees during the year was as follows:
2024
2023
Administration stsff
Advice workers
No employees recewed emoluments in excess of £60,0(10.
There were temiination payments during Ihe year of £NIL {2023- £9,585).
Page 12
continued..

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continuod
FOR THE YEAR ENDED 31 MARCH 2024
11.
TANGIBLE FIXED ASSETS
Motor
vehides
Equipment
Totals
COST
Al 1 April 2023
Additions
2,222
1.101
55.675
57,897
1,101
At 31 March 2024
3,323
55,675
DEPRECIATION
At 1 April 2023
Charge for year
2,222
242
6,959
13.919
9,181
14.161
At 31 March 2024
2.464
20.878
23,342
NET BOOK VALUE
At 31 March 2024
859
34.797
35.656
At 31 March 2023
48,716
48.716
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
VAT
Prepayments and accrued income
146
176
473
74
86
795
160
13.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Social security and other taxes
Accnjals and deferred income
100
2.072
2.035
2.172
2.035
14.
MOVEMENT IN FUNDS
Nel
movement
in funds
At
3113124
At 114123
Unrestrlcted funds
General fund
Construction and maintenance of
Environment Centre
1,100,123
141,532)
1,058,591
1.000.000
1.000,000
2.100,123
141.532}
2.058.591
Restricted funds
Crisis Fund
7,392
18281
TOTAL FUNDS
2,107,515
42,360
2,065.155
Page 13
¢onlinued.

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
14.
MOVEMENT IN FUNDS - contlnued
Net movement in funds, included in the above are as follows:
Incomlng
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
41,392
{82,924)
141,5321
Restricted fvnds
Crisis Fund
(828)
(828)
TOTAL FUNDS
41.392
83.752
42,3601
Comparatives for movement in funds
Net
movement
in lunds
Transfers
be￿een
funds
At
3113123
Al 114122
Unrestricted funds
General fund
Construction and rna1ntenan￿ of
Environment Centre
1.158,455
158.881)
549
1,100,123
1,000,000
1,000.000
2,158,455
{58.8811
549
2.100,123
Restricted funds
Crisis Fund
10.000
{2.059}
(5491
7.392
TOTAL FUNDS
2,168,455
60.9401
2.107,515
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fvnds
General fvnd
43.331
(102,2121
{58,8811
Restricted funds
Crisis Fund
12,059)
12.059)
TOTAL FUNDS
43,331
104.271)
60,940)
Designated funds
The Board of Trustees agreed to set up a designated fund of £1 million to cover the purchase and maintenance costs
of a new Environment Cenlre.
Page 14
Continued...

SOUTH EAST WALES ENERGY AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continuod
FOR THE YEAR ENDED 31 MARCH 2024
14.
MOVEMENT IN FUNDS - contlnued
Restrlcted funds
Crisis Fund
This funding allows the organisalion to spend on low cost Élems. to assist low income farnllies. The items are
dislribuled via oulrea¢h events attended.
15.
RELATED PARTY DISCLOSURES
During the year the charity paid s81ary of £NIL {2023'. £14,267) (including benefits in kindl plus a redundancy
payment of £NIL (2023= £9,585) to a close family member of key management personnel.
Page 15