Charlty vegistratlon number 1075679 Company reglstratlon numlJ•r 03621022 (England and Walos} ACT ON ENERGY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •A8JGIiKO" 2311212022 COWANIES HOUSÉ
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ACT ON ENERGY LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA 8oad Dr S Juned Mr D Johnston Mr P Evans Dr W J Buckler Mfs M M Unwin Mr D Cow¢h lappoinled 17109120211 Mr R Dunlevy {appoinled 1710912021) Secretary Ms R Jones Charity number 1075679 Company numbor 03621022 Registered offi¢e Unit 1.4 Lauri51on Business Park Prtchill Evesham WR11 8SN Auditor Murphy Salisbury Limited 1 S WaNick Road Strattord-upon-Avon Warnickshire CV37 6YW
ACT ON ENERGY CONTENTS Truslèès, rewt Stslem¢nt ofTwst¢è$' rosponytsliDeS Independent auditorfs rewt 8-10 statement of financial •¢thtieS 11 8alarKe sheet 12 Notes to the financ1 Statets
ACT ON ENERGY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present ththr anmal report and fiftanc1 statements for the year ended 31 Mar¢h 2022. The acwjnts have been prepared in ace(dance the a¢e(MJMing poli(aes set in note 1 to the accounts and comply wth the CompanWs Memorandum and Artides of Association. section 4 of the Charities Act 2016. the Companies Act 2006 and "Accounknng and Reporbng by Charibe5'. Statemenl of Recommended Practsce applieable lo charities prepariThJ their accounts in accordance with the Financial Reporting SiaThJard applicable in th& UK and Rèpublic of Ireland IFRS 102}. las amended lor accounting IlS Commencing from 1 January 20161 Oblgctlv$ a¢twiti•s There was no chan9e to the Charity's obj.ects wNch remain to educate the public and promote public involvèmw)t in en¢rgy conservation and ¢lenCH, emfironm6ntsl resour¢¢$ and to help in Ihe feliel of el poverty. The policies ad1 indu(le'.- the provision offree and impa"al advits to the general publt the marketing and prornotion of •nergy efficign delivering educational programmes in schoo15 afKI cdleges devisiryJ and rnanaging spw.fic scheme5 on behall of others to proffle the take-up of energy efficiency mea5ure5 and help with fuel poverty energy deb¢ sèèking fvnding to cover the costs of such schemes working in partnership charitie5. Vcntsry bLths. Slaiutryy •uthtsritses others Ihal can assist in the achievement of thtr rt4ects There ha5 been no thanp in th•s• Wiries during th¥ . Publlc Benefft The Charity" encourag9$ Pa¢jp to duce thèir energy nead by behavioral change. improvèd enèrgy effiaency and the use ol renewable technok>Jie5. Thi5 will benefit everyone by helpiThJ to rnibgale the effects of Climate Change and to reach the govemrnenl's net-zero ¢ommitment. li also helps secure the UK'S energy suoies and helps lackle fvd povety. All of thè charities, acbvtie5 are alvjned lo its stralegic ciective5 to reduce energy use for warmer and h&althier homes and the alleviatw of fuel poverty. The Charity will )ntInUe to WO partner organizalions thal siwortAct M Energy's aims to carry tyjt ils acty'vities. ndits9 support in prn"n9 thè b"vib"es and assists"rKJ in deve)9 new and innovaVe projects that will encoura90 mora people arKI mn$ to 9a9• in energy saving pracb.ces and tackling fuel povety. The level of adwce and Suppl provided to iTrJMdua15 arn1 (Myanizations be lailcffed lo their rheeds and ability io utilize the advice given. In some ctrcumslance5. Art on Energy rnay make a char9e for a seNice. rf it is deemed io be addilional to its charitale objects an(1 requirin9 speaal skills. training. or equipment.
ACT ON ENERGY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Mgn•r$ and their interests Act on Energy 15 8 charitable ¢(panY limited by guaraniee and was inwraled on 25 August 1998 as Warwckshire Enefgy Effiuenw Advice cent and registered its change of wnpany name to Act on Energy on 30 O¢lober 2C(18. It IS governed by its memorandum and a'deS of associatson. The liability of members is limited to £10 per member in the event of wring up. The truslees. as listed below. are members of the company and Served throughout the year. Trusts•s The presenl trusteeldirecl(Ks are shown below. A Boad Ilrusteel W Bucer Ilrusteel P Evans (trusteg and treagjrerl S Juned (trusteel D Johnston (trustee and cthaimianl M Unwin Itrusteel R Dunlevy Ilrusteel G Cowcher (Irusteel In ac¢ordance with the Company's Arttles of Association. M Unwin and W Buckler will retire by rotation at ihe next Annual General Meeting aThJ be eligible for releclion. Re$ults and business r•¥1 The financial $ts for the year are as set ¢)ul in Ihe annexed accounts. The trustees eonsider the fin8nrAal ption ol the company to continue to be viable and we are implementing plan5 and procedures lo address issues that may arise from Covid-19. In addition. gnificant income is 8vai18ble as served bank accounts lo service grant funding for energy efficiency Improvements to households that qualify and fuel povety alleviation pr¢yJram's. This funding is provided by our partner local authorities in addition to their Servi level agreement ftjnding. The Charity has also had success in securing funding to support local partnerships Ihrough other organizations induding some governmenl initiatives. Act on energy is lOled at Unil 1.4 Lauri51on Business Park. Pitchill, Warwickshire arKI is due to move to larger premises on the same site over the next financial year. The Charity relies on funding from thal 8uthorits.es ar#J thrw proied fiJndir4J bids to local. wional and nakn'onal government and other agenoes. It does not raise funds from ihe general public. is nol a member of the Fundraising Standards Board and has no trading subsidiary to conlribule lo ils funding. Some income is earned from specialisl work such as home and business energy surveys and referral fees Irom commercial organizations. Govornance and Employees The Injstees govem the overall buyness of the Charity and meet quartety to discuss the charity's perfom)ance and consider its future direction. In addition, they hold an Annual General Meeting in accordance with the rules of the Charity. Prior to all fomial meeb"ngs. the trustees declare any interests they may have in rd8tion lo the work carried ¢YJt by the Charity. In the event of a potential conflict of interest they agree to wther leave ts meeb"rKJ duriNJ any subsequent discussion ty abstsin from voting rf vole is called for. The Tnjslees recetve no remunwation f¢y their services and (k) nol daim expenses. Day-to4ay tivItIeS are managed by Rachd Jones (thief executive and company secretary) who is responsible for the performance of the Charity in achieving its objethes. planning its future activities, developing resree$ and maintainiro the quality of the service and the welf8re of staff. The Charity's spe0r areas of acbvity irxlude managing parlner agreements to proVe infomiab"on, advice and guidance to the general public and developing and delivering speoalisl services including home energy audits. The Charity cuffently ha5 a total of 29 employees. All Employees providing advice ar8 trained lo a minimum of Level 3 City & Guilds in Energy ManagemenL
ACT ON ENERGY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Actlvlties of the Charlty During the period, the Charity has conlinued to SuPt the kxal community by acting a5 the kxal energy 8dviGe ¢entrè for free and impartial thice and a¢¢es$ to free and subsidised improvemenl s¢homes. Thi5 has induded:_ Thè prowsion of a frééphone advice lin& opèraièd by qualified Ènergy adVI[S and maintaining an up- I[date library of informab.on on materials and sorvices related to engryy 4ffici?ncy and sending appropriate infi)rmatTrtin to calr$. Maintainiro a website whth contains inforrnation on energy saving measuves, locej contra¢tors who provide energy saving and renewable energy servi¢es. advice on how to switch energy supplier and wth an &mail advice semce for on4ire enquiries. Maintaining a referral seN¢e tr governmenL energy suppliers, arKI local counal funded s¢heme$ to local contractor5 who operate the free arKI subsidised insulation sehemes and to encourage local householders to have energy saving MeaSuS installed. The Charity may eam a commission from some schemes this will rN)t affect the cost to the hJsehC4der and is not the basis for scheme seknlion. Carying OLrt a range of activthes wrtkn"n the knal community, indLtding tajks and pres•ntalions to community groups. attending local èv8nts and exhitions. WOVKling energy effiuency trnining to other organisations. Carng out home vists and providing artides and interVwS the local media and a$&sting lo& enwronmentsl groups to devekjp and deliver Iheir own energy related projects. Delivering Irning to frontline wcrfk•ts wothing wilh vulnerabb• CmerS To fvrther the Charity's obi8Ctives, formal partnerships wilh othef local organisations have been maintained. There are sev•ral co¢JnuL8 within th• regK)n Ihat th• Charity has tradilh)nally supportad through seThice level Bgreements and other ad arrangements for speofic local projects including pr<4ects with several housing asswalws. These all support the objectives by encouraging more energy efficiency acb'vity from home owners and pnvate and social USIng tenants to help deliver thal authority and housing association climala chaThJe. eneY and affordablè wamith strat•g0s. Loe#l prol•ets this yèar hav• Included: ami and W1 in Warwckshlre" a ¢tinuatth pro11 ¢hroLKJh Warwickshire Publi¢ Health. providing insulab.on and boiler grants to low incomè households health related issu95. "Heat 4 Health" a health focused project working wrth the health sector to support the most vulnerable in our communrties. The project has a geographul f($ on Strafft>rd Town and the wider district. 'Local Referral Service- thing through loca conlractors and energy Suppliers to access nationally available grants for energy saving improvements. 'Local Grant Schemes. assistir¥J householdws who qualfy for support to have insulation and heating irnprovements instald by agreed contractors with fundiTrJ held by the Charity. 'Local Energy F¢)nJm" providing an opportunity for locd authority and housing association anergy officers lo ¥hare bèst pract and has instrumental in delivering some of their enewgy an¢J aOrdab warmth strategies includin9 Horne Enèrgy Conservab"onAct rports. Wam Homes Fund to support Ihe delivèry of first timè eèntral heating to vuknerable households across Solihull and Worcestershire. Hou5ehdd Support Fund delivering the DWP Househdd Supp)rt fvnd on behalf of Worcesiershrie County Cjna1,. Solihull MBC and Wanvickshire C(¥Jncty Courol Keeping Coventry Wami - a project run on bèhalf ol Public Hèalth and Covenlry City CIAJncil to delvier wamèr homes for t)se dAgrthtsèd wsth a kJng4emi hèalth conditionldisability and on a kjw income. Warmer Homes West MKJlarKls - delivering energy advice aTrJ suppot to resi(tents 8¢ross Birmingham. The Black Country. Solihull. Coventry an(1 Solihull. Provision of Ctsstomer Joumey Support to for the Midlands N•t zaro to 5UPPOrt the delivery ol the Local Authty Delivery Schemè and Ihe Home UpJrad¥ Grnnts Stheme across the WMCA afea, warwicksh1, a1 WOrcestehIre.
ACT ON ENERGY TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 der Infiu•nc• "Association of Local Energy Officer5" for the West MKllands region is thaired by the Charity aTha represents Ihe Wesl Midlands at National events. The chaiity acts as the Secrelariat for the National Association of Local Energy Officers Warm Homes Save Lives - Wesl Midlands Combined Auihority de wc¥)osal to develop a regional approach to addressing luèl povety and the der retrofit a9ènda Big Ener9y Saving Neork - We provide suptN)rt across the region to delir both •Jvice an(J guidance along&de a ragional online tra.ning ovèr 300 slaff TIve trained this year.
ACT ON ENERGY TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 This year's perfomance continues our stable position after securing additional funding Ihrough the Midlands Nel Zero Hub. Energy Savlngs Tntst Redress. publ Health. Heart of England Community Energy, Slratfoid Town Trust and additional fvnding opporlunities through local authorities. The impact of the Cost of Uving Crisis has had a significant impact on the charity and enabled residents to access a considerable amount of funding. The long term grants available lo the Charity are not yet known and the trustees acknowledge that the fundirMJ situation is likely to continue to be challenging. Investment policy Under the memorandum and arbcles of association. the Charity has the power to invest mc*nies nol immediately required for the furtherance of its objects. as il thinks fiL The trustees, policy is lo Marni$9 inwme within a low iisk environment. However. with the present economic condition5, investment income remains minimal. Reserves policy It is the policy of the ch8rity to maintain unrestricted funds. which iludeS the free reserves of the Charity. al a level which provides suffiaenl funds to meet Ihe goIng operab.ng expenditure. The trustees are Satisfied to report that at present the free serveS provide about 4 monlhs of such eXpen¢jitu. Risk Managèment The charity continues to examine the major strateg. business and operational risks which it faces, and develop and ultimately implement systems to miti9ale any exposure. The loss of a significant amouni of funding is a risk lor the long tem. The Charity has maintained funds to er the loss of some income in the short term but may not thStsnd il long term. The Iruslee5 8n¢J the chief execub.ve will continue lo m8intsin close control of the financial situation to ensure that appropriaie action 15 tsken to supportAcl on Energ$ future viabilty. The Iruslees have idents.fied 8 major risk foi the Charity as berng in Ihe provision of advKe. 1 staff a required to receive advi training in 'Energy Avone$S, and pass the City and Guilds examination and receive on-going training as appropriate. Any other acbvity requiring the Charity's staff to undertake eneigy audits in private homes and other buildirMJs wll be covered by public liability insurance with training in appropriale risk awssrnent prctedures. Stsff hold regular team meetings lo update themselves on ujrrenl practice and lethniques and this inforniabon is held in an electronie database lo which all staff have access from their individual Pcs. To protect against clairns for inappropriate adwee. the Ch8rity maintsins professional indemnity insurance covering a9ainsl claims of up lo É2.000,000 and public liability covering daims up to £10.000.IXJO. A health and safety al work llsk asse55men15 are carried wt and prccedures are in place lo ensure that all staff are made aware of any real or potential issues. The Charity may corne into conlael wtth children arKI vulnerable adults in its actrvits.es and thereftsre requires all frontline slaff lo provlde basic D8S thecks whith are renewed every 3 years. The Charity handle5 personal dats as defined in Ihe Data Proteclion Act 2018 and is registered with the Data Protection Registrar as a data controller and processor. The General Data Protection Regulations have been fijlly ifflplemenled and no breaches have been recorded. The Charity has a Health and Safety al work policy and staff harKlbook wilaining all relevant informab'on and other pdicies and procedures ITdIng an office nsk assessmenl aTrJ a risk assessmenl for out of office acb'vilies. Audltor The previous auditors Murphy Salisbury Limited have inthcated their willingness lo ¢onkn'nue in office.
ACT ON ENERGY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2022 Dlsclosur• of Informatlon to audStor Each of the Trustèes has confirmed that thw• is no infoM)ati of vthith are aware which is relevanl to th• audit, (rf which the auditw is unawa. They have further confimed that they have taken appropriate step$ lo idenljfy such relèvant infom)aOon and to estsblish that the auditor is awa of $u¢h infomation. The Tw$tee$' report was appVed by the Board ofTrustees. DwJohr4tOn IDe¢22.20lZ.I2Gl) Mr D Johnston Tnjstee. Dated.. 22 08c•mb8r 2022
ACT ON ENERGY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The Trustees. who are also the d1CtorS of Ad on EnÈrgy for the purp05e of company law, a responsitrAe for preparing the Trustees, Report and the finanryal statements in accordance with appIAb law arHI United Kingdom A¢¢ounb"ng Standards (United Kingdom GenerallyAccepled Accounbr¥J PractKel. Company Law rewires th• Trustee$ to prepare financial ststemènts kn each financial which 9ive a true and fair view of the state of affair5 of thè Company and of the incoming rèScre•S and application of rèscyJre8s. including the irthme and expendture. ofthe charifable ¢panY for that year. In pieparing Ihese finanrjal statements. Ihe Trustees arè required to.. - selecl SLEitable acoJunlirrfJ policies and then apply Ihem corssislenty.. - observe the methods and winciples in the Charities SORP: - m8kejudgements and eskn'mates that are reasonable and wdent stst? whether applicable UK Accounb"ng Standas have been fdlowed. subject to any mèrial departures disclosed and èxplainéd rn Ihe finanual stst8ments: and ppare the financial statements on going con¢em basis it is apPropriate to presume Ihat th& Company will Conlinug in operalion. The Tru3tee5 are re5kxmsible for keeping lequate accounting recorfs that disc105e with reasonable accurary 8t any lime the financial positi.on of Ihe Company and enable them to ensure that the financial ststern8nts comply wilh the Companies Acl 2006. They are also reswnsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities.
ACT ON ENERGY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACT ON ENERGY Oplnlon We have audited the finan¢i81 statements of Act on Energy (the 'Company'l for the yeaf ended 31 March 2022 which comprise the statement of fin8rtual activrlt"es, the P)alan¢e Sheet and notes lo the finan¢ral statements, including signffjcant accounting Oi¢ie5. The financial reportirg framework that has been applied in their preparation is applicatle law and United 'n9Orn Actountsng Stsndards. including Finanaal Reporting Standard 102 The FinancAal Repon9 Standard applicable in Ihe UK and Republic of lTr18nd (United Kingdom Generally Accepted Accounting Practi). In our qjinion, the financial 5tatgmtrnts'. give a trije and fair view of Ihe slate of the charitsble ccnpanls affairs as 8131 March 2022 and of its incoming resources al¢a of resources. induding its irKome and expendilure, for the year Ihen ended". have been property prepared in accordarKe United KiW>m Generalty A¢cepled Accounting Practice,. and have l)egn ppared in 9)rdanCe wth the requirements of lh¢ Compani&sAct 20C6. Basis for opinion We conducted Quf audit in accordance with Intsrnatity)al Stsndards on Auditing IUKI {ISA5 IUKII and appIlbIg law. Our responsibilitiés under those standards arè lurther descnted in th• Audrtorfs responsibAlitAes for the ol the financial statements section of our reFort. We are independent of the Company in accordance with the ethical requirements that are rdèvant to our audit of thè financial statemènts in the UK, including the FRC'> Ethical Standard. and we have fvifilled our other ethi1 responsibilibe5 in accordance with these requiremen15. W? believe that the audrt evidence we have obtained is sufficient and appropriate to prode a basis for our opinion. Concluslons relathng to golng concern We have nothing to r8POrt in respect of the falkl[Vj matters in rdtitit to %thich the ISA5 IUKI require u$ to rèpjrt to you where.. Ihè Trustees. use of thtr gtiir•J eoncem basis Of.c(.rJ in Ihe preparatw)n of tho fiCial stotèments is not 8ppropriate", the Tmstees have not ¢Jiscthed in the financial statements any identyfied material uncertainties that may cast significant doubt about the Company's alIty to continue to adopt the going concem basis ol accounting for a nod ol at leasl 1ve months from the dale when the financial statements are authorised lor issue. Other infonnation The other infomation comprises th& Infomation induded in thg annual report other than the financial statements and our 8uditorfs r¢port Ihereon. The Trustees are responsible for the other information contsined within th6 annual report. Our opinion on the financia Statem1$ does not CO thè other infomab.on and, ex¢8Pt to thè èxt•nt otheie expli¢illy sted in our report. we do not express any fr)m) of assurance ¢Mclu5itsn thereon. Our respOnsilIty is to the other informatyon and, in doing so, consi¢Jer whether tho other inf0rnatn is materially inconsistenl with Ihe financial staiemenls ry OLtr kTh)wledge obtained in the course of the audit, or otherwise appears to be rnaterially misslaled. If we identify such material incongslencies or apparent Material misstatements, we are required lo detem)ine whethw this gives rise to a material misslatement in the financial statements themselves. If, based on the work we have perfomed. we conclude that there is a m8tsrial misstement of this other informiM. we a rU1red to reFOrt that Ixt. We have nolhing to repryt in this regwd. Oplnlons on oth•r matters pres¢rtb•¢l by th• C¢)mpanle$ A¢t 2006 In our opinion, based on the work undertaken in the cojrse of audit.. the information swven in the Tnjstees. report for the finarla1 year for whith the fmancial statements are prepared, which irKludès th& directors. report prepared for the PUryKJses of company law. is consist¢nt wth tha financial ststèments- and ihe directors. report inrluded TthIn Ihe Trustees. rep)rt has been prepared in acccydance with applicable legal requireMts.
ACT ON ENERGY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OFACT ON ENERGY Matters on whlch w• are T•quired to report by exception In the light of th8 knowledgé ar undérstanding of the Company and its environment obtained in the course of thè audit. we have not identified maleriJ misststèments in the IJiTe¢lors' included withrn the Tru5tee5' report. We have nothiro to report in respect of Ihe folbwirrfj mattws in rekqlion to whKh the Companios Act 20C6 requires us to port to you rf. in our opinion.. adequate account1r records have not been kept. or retums adequate for our audit have not been received from branches not vigted by us: or the fin8n¢ial staternent5 are not in agreement wth the ants"n9 rectyds and retums: or ¢¢rtain disclosures of twstees. remunerth.on speofied by law are not made., or we have not received all the inlonnation and explanations we require for our audit., ¢x Ihe Trustées were not enbU8d to prepare the finanual statements in aec(xdance th Iht small cornpxrtlO$ regime and tske advantage of the small companies. exemptions in preparing the Trust$es' report aThJ from the requirement lo prepare a strategic report. Rèsponslblllties of Trnste•s As explained more ltslly in the sfalemenl ol Trustees. responsibilities. Ihe Trustees. who are a150 the directors of Ihe Company lor the purpose of company law. a SnSIble for the preparation ol Ihe financial statements and for being satisfied that they give a (rue and fair ew, and for suth intemal conirol as the Trustees detemiine is n8cessary lo 6nable the preparation of financial stalemenls that are free from material mtsstslemenl, whether due to fraud or error. In preparing ihe financial stalements, the Trustees responsible for assessing the Compan9 ability to continue as a going concem, disdosing. as applicable, matters relaled to going concem and using Ihe goiny nCeM basis of ac¢ounting unless the Trustees ether intend to liquidale the charitable Cfynpany or to cease oper81ion$, or have no 811st altwnab.ve bul to do $0. Auditorfs resp¢)nsibilities for the audii of the financial #tatèm*nts Our objeclives are to obtain reasonabte assuran¢e about whether the financial statements as a whole are free from material misstatement, vth8ther du• to fraud or •rrLY, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a high Ve1 of assuwance but is not a guarantee that an audit conducted in accordance with ISAS IVK) will always sjelact a material misstst$mÈnt whèn rt exists. Misstatèments can arise from fraud or e¥ror and ar¢ considered rnaterial if, irKlividually or in the aggregate. they wjld reasonably be exp¢cted lo inlluence the éeonomic dea'sions of ustfs tsken on ttp bw"s oflhesè finan¢) ststèmènts. A fvrther descnption ol our responSilIe$ is availat4e on the Financrdl Reporbng Councifs website at.. https'.11 wV.fr¢.¢y9.UkIaudil0r$r¢$pOnSlbItIes. This deStIOn f¢yms part of our auditorfs report.
ACT ON ENERGY INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OFACT ON ENERGY Use of our report This report is made solely to the charitable CoMpanS members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2¢6. Our audil work has been undertaken so that we might state to the chariiable company's member5 those matters we are required lo slate to them in an audilofs report and for no other purpose. To the fullest extent permitted by law, we do not aecepl or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this ieporL or the opinions we have formed. Mark Bullock For and on half Murphy Salisbury Limit•d 22 December 2022 ChArt•r•d Accountants Statutory Auditor 15 WaThYt¢k R08d . £trarford-upon-Avon Warwickshire CV37 6YW 10-
ACT ON ENERGY STATEPJIENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestriet•d R•strfeted nds lund$ 2022 2022 Total Unr•strlet•d R•strletèd funds funds 2021 2021 Total 2022 2021 Notes Income trom: Donations and legacies Charitae activities Investmenls 19.670 865.463 39 19.670 3.232.195 39 8,952 631.279 8,952 924,879 180 2.366.732 293.6 Total incom• 885.172 2.366.732 3.251.904 640,411 293,600 934,011 enditure on.. Charitable activitse$ 1.238.466 1,456.513 2.694.979 658.091 119.233 777.324 Other Total expenditure 1.238.466 1.4S8.S13 2.694.979 659.579 119.233 778.812 Net loutyoin9)fin¢omin9 r•sources b•fore tran$f•rs 1353.294) 910.219 556.925 119,168) 174,367 155.199 Gross transfers betsveen funds 774.140 (774.1401 174,367 1174,3671 Net incorne for the yearl Nèt mov•m•nt In funds 420.846 136,079 556.925 155.199 155,199 Fund bal¢t5 at 1 April 2021 504.268 349.C*9 349.(9 Fund balances at 31 March 2022 925,114 136.079 1.061.193 504,268 504,268 The $tatem8nt of finanaal aciltieS indudes all gains and losses recognised in the year. All income and expenditure derive frcm ¢mb"nuing actiwtses. The staternent ol financial aCtNi1 a150 complies wth the requirements for an incorne and expenditure account under the CompaniesAcl 2(K6. 11
ACT ON ENERGY BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Fixed assèts TarwJible assets 36.431 38.114 Current assèts Dsbtors Cash at bank and in hand 856.579 1.766.155 271,955 827,453 2.622.734 1.099,408 Creditors: amounts f411ing due wlthi on• year Loans and overdrafts Taxation and SOCI seojrity Other cdit$ 10 3.460 358,533 1.235.979 5.692 110,240 517.322 11 1.S97,972 633,254 Nel current asséts 1.024.762 466.154 Total assets less current Ilabllltl•s 1.061.193 504.268 Income funds Reslricled funds Unrèstricted funds 12 136,079 925,114 $04.268 1.1.193 $04.268 The financial ststÈm8nts were approved by the Truste8s ffi 22 Decemt*r 2022 OWJQhrQn(Oe[.IO2L0.I2G Mr D Jthnstc Trustee C¢)mpany r¢gl$lrntlon nUMr 03621022 12-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcl•s Charity information Act on Energy is a private company limited by guaranlee incorporated in England and Wales. The gIstered ffi¢o is Unit 1.4. Lauri$ton BLtsiness Pafk. pitch1. Evesham, WR11 8SN. 1.1 A¢eountlng eonverttion The accounts havg béen prepared in accordan with the Companls ACl•S of Association, the Companies Act 2006 and "A¢£ounting and ReportirYJ by Charities". Statement of Recommended Practice applicable to ¢ha¥ities pparing thwr acCJntS in rdance with the Finan(xal Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 102}" las amènded for accountiny periods commencing frorn 1 January 2016). The Cornpany is a Publi¢ B•Mfit Enbty as dofin•d by FRS 102. The Company has tsken advantage of the provis•5 in Ihe SORP for charities apr0 FRS 102 Update Bulletin 1 not to prepare a Stalement of Cash Flows. The financial siatements are prepared in slerling. vknich is the funcbonal cuffery of the Company. Monetary amounts in these finanoal statements are rounded to Ihe rhearest £. The financial st8t&nw)ts have been prepared under the hIstonc cost convention, Imodified to include the revaluatson of freehdd prO'S and to indude investment propèrtrès and certain financial instrurnents at fair vuèl. The prinupal a¢¢ounbNJ policies adopted are set out bek)w. 12 Goln9 concern At the time of approving the financial statements. the Trustees have a asOnae expe¢tation thal the Company has adequatè resources lo conts"nu• in operational existancè for the foraseeablè futur8. Thus the Trustees continue lo ?¢Jopt th* wing CLYwn basis ofaccounb.ng in preparin9 tho financial slatem?nts. 1.3 charItab fvnds Un$t11c1ed fvnds are av1)Ie for use al Ihe discre11 of the TnJ5tees in fvrtrwance of their charitable objectives. Designated funds comprise fvnds Twhich have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designaled fvjnds are set OLrt in the noles to the financial siatements. Reslricted funds are subject to spe¢ific conthtions by donots as to how they may be used. The purposes and uses of the restrted funds are sel wt in the notes lo the finanraal statements. Endowment funds are subject to conditions by dcAVS that the capital must tse maintained by the Company. 1.4 Income Income relating to service levd agreernenls with l¢xal or WK)nal authorities is recognised when the Company is legally entitled to it after any performance cOnditiS have been mel. Ihe amounts can b& measud reliably. and it is probable Ihat income wll be receNed'. TYcallY this is equalfy ovèr the tem ol the agreement which tends to be on an accounting year bas. Incomè relating to 9èneral seNces is recc¥Jnised when task is ¢omplgted, typalty relating to Enafgy performan¢e Certification an¢J Thern imagin9. Income relating to granls ¢y fvrKling from kKal or regional authorities for specific aetivib"8s is re¢ognised vthen Ihe Company is legal entitled to it after any perfornance conditsons have been met. the amounts can be measufed reliably, and it IS Pfobable that income wll be received. Typicalty this is when costs a incurred meaning that the criteri8 lor the grant or lIng are mel. 13-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2022 Aeeounting polldes (Continued) 1.5 Expenditure Res(yJrees expensed are induded in the Statement of Financial Activities on an accnjals basis. 1.6 Tanglbh flxed assets Tangib fixed a55ets are initially measured at $1 subsequentty m¢asurad at C05t or valualion, nel of depreciation and any impaimient losses. Depreciation is rgnised so as to lIe off the cosl or valuatKJn of assèts their residu81 values ovor their useful lives on the followThJ bases.. Plant and machinery Fixtures. fith.ngs & equipmenl 20% reducing balancè 4 year $traight ne Thè gain or loss arising on the disposal ot an asset is detemined as the difference bets¥een the sale proceeds and the carying value of the asset. and is recognised in the statemeni of finanryal activits'es. 1.7 Cash and rAsh equlval•nts Cash and cash equivalents indude cash in hand. dep05tt5 at call wrfh banks, other 5hort-temi liquid investments with original maturibes of Ihreo months kn. and bank ovwdfafts. Bank ovwdrafts are shown within borrowirg5 in current liabtlibes. 1.1 Flftanclal Instruments The Company has dected to apply the provisions of Section 11 '8a*c Finanual Instwments. and Séction 12 'Cther Financial Instruments Issues. of FRS 102 to 81 of its finanty81 inslwments. Finanual instruments are recnISed in the Compan$ bare sheet whgn Ihe Company becomes paty lo the contractual provisions of thè instnjment. Finanual assets and liabflikn.es are offset. ihe net amounts Fffesented in the financial statements. when ihere is a legally enforceable right to sel off the cOgniSed amounts and there 15 an intention to settle on a nel basis or to realisa th8 assel and setu• thè lilty &multaneousty. Basi¢ financialassets Basi¢ financial assèts. kthich includè dèbtors and cash and bank balances, arè initially mèasured al transaction price including transaction costs an¢J are subsequently ¢arrièd at amortlsed cost usirvj the effe¢tiVO inlerest method unless the arrangernent ¢onstilules a financiNJ transaGtion. %there the transaction is measured al the present value of the future reIpts discounted al a fflaet rate of interest. Financial assets classrfied as receNable wilhin one year are not amortised. 8osic financialllabllloes Basic financial liabilities, including creditors and bank loans are initially recogniserj at transath.on pricè unless the arrangement Constitules a financing transadion, where the debt instrumsnt is measured at the present value of the fulure payments disccwjnled at a market rate of interest. Financial liabilib.es classified as payable within one year are not anlS6o. t)ebt instruments a subsequonty carried al amrxlise(I $¢ usin9 the effective interest rate method. Trade creditor5 are obli9ations to pay for goods or services that have been acquired in thg ordinary course of operations from supplièrs. Amounts payable are dasshfjed as current liabilit rf payment is due wthin on8 year or less. If not. they are presented as nOn-jrrefit liabihb"es. Trade creditors are recogni5ed initially at transaction price and sijbsequenuy mèasured at arno.$ cost usng effective interest method. 14-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng polleles (c<15nOd) Derecognitlon olfin•n¢i•lliabllltles Financial liabltieS are defecognised when the Crynpan$ ¢ontraciual obligatKms ex[¥ or are discharged or cancelled. 1.9 Employ•e benefits The cost of any unus9(I IldaY entiuement renised in the F0 in the employee'$ services arg received. Termination benefits are re¢(>3nised immediately as expense when ihe Company is demonslrably ¢ommitt8d to terffmnate the employment ofan emoyee or to provide tem)ination benefits. 1.10 Retirement bongffts PaYmts to defined contribution reiThnent benefil scheff*s a charged as an expense as they fall due. Charllabh a¢trvities 2022 2021 Sales within Charitab activilies Services provided under contrxt 11.965 3220,230 33.113 891.T66 3.232.195 924.879 Analysis by lurk Unrestrictfjd funds Restricted funds 865,463 2.366,732 631.279 293,600 3.232,195 924.879 Donatiws and 1oga¢i•s Unrestricted Unrestricted lunds fund5 2022 2021 Government Incorne 19.670 8.952 15-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 IC¢ntlnuedl Inv•stm•Trts Unrestrlcted Unrestficted funds fvnds 2022 2021 Intwe5t revab1t 180 Investment in¢ome is derN•d from thè Chariliès cash sawngs. Charltable aetiviti¢$ 2022 2021 Staff eosts Depreciation and Inpalent Projects Rènt and rates Training Insurancé Expenses Office repairs and rerwlals Poslage Stationery Telephone Marketing Professional fees Computer and IT cosls Lease and moior costs 618.163 11.981 1.796.579 53,840 5.214 7.240 16.894 2.690 8,779 3,925 18,679 14,143 36.272 90,498 10.082 334,844 5,969 275,834 16,395 3,826 9,068 4.466 1,739 1.870 750 8,365 5.303 96.986 7.840 4.069 2,694,979 777.324 Analysls by fund Unreslricted lunds Restricted fur$ 1,238.466 1.456.513 658,091 119.233 2.694,979 777.324 16-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Audbiorfs r•muneration The anatysis of audito¢s remunera1K is as folkwts: 2022 2021 Audit ol the anThJal accounts 10,000 5.000 Non4udlt seNlces All other nonU1t servi¢es 7,449 6,722 The nature of the services provide4J dng 2022 was payrdl athce. 1)sU1t1ng and fiwcial statements preparats"on. EmployÈ•s Number of employe¢$ The average monthly number of employees thjring the year was.. 2022 Number 2021 Number Employees 23 13 employrnent costs 2022 2021 Wages and salaries Soo'al security costs Other pension costs S50,422 41.708 26.033 298.267 20,205 16,372 618,163 334.844 Th¢rg were no employees wlyjse anmal MUneration was £60.CKM) or more. 17-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Tangibk fwed assets Plani and mxhiD Flxttsreg. fiitiny$ & •qulpm•nt Total Cost At 1 April 2021 Addrtion5 28.6 24.275 10,298 52.925 10.298 At 31 Mwch 2022 28.61 34.573 63,223 Depr•clatlon and ImpalmxTht At 1 April 2021 Depreciation charyJed in the year 1.910 12,901 6,633 14,811 11.981 At 31 March 2022 7.258 19,534 26.792 Carrylng amothit At 31 March 2022 21.392 15.039 36.431 At 31 March 2021 26.740 11,374 38,114 D•bt<Ks 2022 2021 Amounts falllng withln on• y•ar: Trade debto Other debtors Prepayments and accnjed i( 846,039 261.652 4.500 5.803 856,579 271,955 ' 10 Loans and overthafts 2022 2021 Bank overdrafts Loan from pension fvnd 3.460 5.692 5,692 Payable within one year S.692 18-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Other cr•dltovs falllThg du• wlthln on• y•aw 2022 2021 Trade creditor3 Other cre<litors Aewals and deferred income 207,329 3CK) 1,028.350 78.759 258 438.305 1.235.979 517.322 19-
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Restr5ct•d fvnd5 Tho ineome ftmds of the ¢harity ilUde restricted funds comprising the follwn9 unexpended balances of donatsons and 9rants hekl trust for speofic pury). Movement in funds IDcomlng R•sowe•s Balan at our¢es •xp4nd 31 Marth 2022 Wami & Well in Warwickshire Home Improvement Pilot WEEF Solihull Crisis FLmd IHSF Bromsgrove Energy Effiaèney Worcester Warm Homes Fund Worcester Winttrr Fuel SchemelHSF Nottingham CC LADS 2 Energy Savings Trust 242,875 {242.8751 1841 1157.6231 {3.0441 {1.4621 1793.1911 1222.9951 1773,6841 157.623 1,462 929,270 222.995 773.684 136.079 2.331.037 12.194,9581 136,079 Unrestricted funds These relate to the rwJmerous local and regional 5eThice level agreements made tmth authorities along with any 3rd paty salgs made by the Charity as a part of its onw'rvJ actMDes. Restrietèd lunds All re5trt¢ted funds have criteria atta¢h¢d lo the lunthng whrch rnqutre lur#Jing to be rirh3-f¢n¢ed in a separate bank aeeount. Warm and Wdl in Warw¢shire Home Improvemenl Pikll - Arr8n9iThJ h(xne visits and assessments to those within the gwjgraphical aa whorn rneel eligility criterra. Referral lo appropriate providers for the identffjed improvement work to be completed. Househotd Support Fund is a final safety net for those who are experiencir@ a uisis and ¢8nnol resolve financial diffieulties any other way. The HSF provides essential items for people in urgent need. It does not provtde ¢ash. The HSF runs across Wor¢eSte1re. WaM¢kshire and Sdihull. Keeng Coventy Warm - a prom1 njn on behalf of Public Heath Coventy Cty c(n¢11 to deliver wamw homes for tho$e diagnosed 7•rith a lontern Ialth condilionldisability and on ¥ low income. Wam Homes West Midkirth - delwering ergY advi. and support to Slents across Birmintham. The Black Country. Solihull. Coventy and s1hlI. Provision of Custom•r JrneY Supr*t to for th• Midlands Nel Zèro Hub to support the delivery ol the Local Authorty Ddivery Scheme an(1 thtr Hs)me Upgrade Grants Scheme across the WMCA area. WaTh¥tckshire, and Worcestershire.
ACT ON ENERGY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 R•strl¢t•d funds IContlnu•dl 13 Analy$b of net a$$èts botw•on fvftd$ General Restrfcted Total Fund balan¢e$ 4131 M¥¢h 2022 are rep)lea by: Tangible assets Current assetsllliabilities) 36.431 888,683 36.431 1,024,762 136,079 925,114 136.079 1.061.193 14 Operating lease ¢onMnltmènts At the rèF)oiting end date the Company had outsianding commilments for fuiure minimum lease payments undèr non-cancellable operatsro leases, which fall due as follows.. 2022 2021 Wilhin one year Beeen tsyo and five years 29.846 25.675 29.000 58,146 55.521 87,146 15 Related party tranyetions There wefe no disclosabl¢ relaled paty transac11S duriTh3 the year12021 - none}. 21