Charity registration number 1075679
Company re8iStration number 03621022 {England and Wales)
ACT ON ENERGY
ANNUAL REPORT AND FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 MARCH 2024

Acr ON ENERGY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrA Boad
DrSJuned
Mr D Johnston
Mrs M M Unwin
Mr D Cowcher
Mr R Dunlevv
P Evan5
Secretary
Ms R Jones
Charity number
1075679
Company number
03621022
Registered office
Unit 2
Lauriston Business Park
Pitchill
Evesham
WRII 85N
Auditor
TC Group
Celixir House
Stratford 8u5iness & Technolo8y Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ

ACTON ENERGY
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Act on Energy
Annual Report and Accounts 202314
Introduction from our Chair of Trustees, Robin Dunlevy
2023 was a very specialyearforthe charity- marking our 25" anniversary. We have grown from a
small, dedicated team focusing on improving energy eff iciency in Warwickshire to a team of more
than 50 operating not only in Warwickshire but across Worcestershire and the whole of the West
Midlands Combined Authority region, stretching from Wolverhampton to Coventry.
And whilst energy efficiency is in our DNA, ourwork overthe past couple ofyears has been rooted in
the effects of high energy prices and the effects on people's lives. It is indeed soberingthat we saw
record nLtmbers of people calling our helpline and higher than ever fuel poverty statistics- whilst f lat
lining levels of energy efficiency improvements. It's fairto say that's notwhat we dreamt of in 1998.
In fact, our need has never been greater: the West Midlands has the highest proportion offuel povety
households in the country.
Duringthe year we've helped thousands of people with energy advice. support with bills and debt.
lifelines to heating repairs. installations and energy efficiency measures as well as f inancial
wellbeing.
And whilst our dedicated team of energy advisors on the phones and in people's homes is a fantastic
support to so many-we know it is a sticking plaster approach. That's whywe're continuingto bang
the drum about a properlythought through energy eff iciency programme. Because we all know that
the cheapestform of energy is the energy you don't use. Unfortunately. lower bills and a move to
more sustainable energy solutions is still some way off - but preparing the groundworkfor a fair and
just transition to net zero is uppermost in our plans.
Our income at Act on Energy has increased overtheyear 2023124- mainly due to the levels of
increased support packages we managed in partnership with a range of local authorities and other
bodies. But other parts of our organisation also grew-from the number of projects we managed right
through to the innovative services we started to offer.
The Board ofTrustees is very gratefulto the continuing dedication of our CEO Racheljones who is a
beacon of light and common sense to many decision makers across the West Midlands and indeed
nationally. whetherthat's helpingto navigate an energy crisis or a pathwayto net zero all whilst
leading a team of ded.
ated colleagues whose sole interest isto make people's lives warmer,
affor
and safer.
Robin Dunlevy
Chair of Trustees

Acr ON ENERGY
TRUSTEES, REPORT {CONTINUEDI(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Whywe do, what we do.
Ourvislon 1$ a net-zero carbon community. freefrom fuel poverty
All about
Act on Energy
We my have got energy in cur nome
- but it's people ot the heort of
eliminotiry tuel pfftrty ond red￿Ing
- 0￿1 planet.
Thot's why we tirelessty with cwr
portners ar￿ l(xol communities to
ttKkle the touses of p￿rtY ond
help mitKJate the impocts - oll whilst
IpirKJ to the zero ¢)9endo.
Our strategic objectives
Empo4vering householders
os ènèrgy customers
Delivw equty parity
across ￿r region

ACT ON ENERGY
TRUSTEES. REPORT ICONTINUED)IINCWDING DIREcfoRS' REPORT}
FOR THE YEAR ENDED 31 MARCH 2024
17,000
We supported more than
17.000 caller5 on our
helpline
More than
IO% lived in
2,000
Bimiingham
More than 2.000 clients referred
to us from partner
organisations
£182,000
1,933
We've helped more than
120 clients with benefits
advice - helping them to
increase their income by
a combined total of more
than £182,000
Our team of expert
energy advisors mode
1.933 single home visits
More than 250 of those clients wsrted
hod children living in the home and
270 were pensioner-onty h(￿sehold5
I bra￿1 new
offtce in Bimrn9lKm
th¢ heart of fuel
poverty in the
¢￿￿trY
Funding
partners

AcfoN ENERGY
TRUSTEES, REPORT (CO￿1NUEO}1INcLuD1NG DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
2,334
We helped 2.334 ot the m05t
vulnerable customers thfough the
Worcestershire Household Support
Fund with roial
payments
ot £1.152,563
£153,353
In Solihull supported
208 eustamers through
its Household Support
Fund with total
payments reochTrng
a53.353
208
customers
123
123 custom•rs supporied
through Our illTbOVOtive
Womith on Prns¢ripilon
progfomme
1,020
1,020 people helped wtth their
winler energy bills thonks to the
C¢)dent F￿￿nd￿lOn
Wintei Support Fund -
lololling £63,819
Cadentts
Fovndolion

Acr ON ENERGY
TRUSTEES, REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
We're proud of our achievements
We've continued to support thousands of people across our community by providing a local energy
advice centre, offeringfree and impartial advice and access to grants and funding for ene
efficiency improvements. Here's a taste of howfar our reach extends:
Freephone advice line operated by qualified energy advisors who offer information, advice
and guidance on all energy matters, including access to funding and grants and signposting
to partner O￿anIsatIOns.
Ateam of qualified outreach off icers who offer our mostvulnerable clients dedicated one to
one SUPPDrt in the home. Often these are our most complex cases which take considerable
time to resolve.
Offering a website which contains up to date information on energy saving advice as well as
grants and funding availabilitywhich can be filtered by local authority.
Advice by email is also available as well as our professional referrals form-we received more
than 2.000 referrals from professional partners across our region.
We offer a range of drop-in events for people to hear firsthand expert advice as well as talks
and presentations at local events.
We offer training to front line professionals across a range of organisations such as the NHS,
local authorities, other charities and not for profit organisations to spot the signs of
vulnerability and fuel poverty. We knowthatworkingtogether means spottingthose who are
struggling with their energy bills or a cold and damp home early- will mean better outcomes
for residents. We trained nearly 400 front line professionals under our Energy Outreach
Project alone.
We've received fundingfrom 28 partners. Not only do we receive fundingfrom local
authorities and statutory bodies. but also from commercial organisations such as Coventry
Building Society.
Our Warmer Homes West Midlands project specificallyworks across the West Midlands
Combine Authority areas to deliver energy advice and low-cost energy saving measures to
thousands of people.
Innovative projects such as ourworcestershire Warmth on Prescription service offers
dedicated one to one supportforthe most vulnerable who otherwise would quite often be
hospitalised as a result of living in cold and damp homes.
We're also mindful that many of our residents do not quality for grant funding, so our pilot
project with Warwick District Councilto support homeowners with bespoke retrofit advice
set out to plug the gap.

ACT ON ENERGY
TRUSTEES, REPORT {CONTINUED)IINCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Other local projects have included Keeping CoventryWarm- a project run on behalf of Public Health
and Coventry City Councilto deliver warmer homes for those diagnosed with a long-term health
condition or disability and on a low income.
We're trusted partners for Worcestershire Countycouncil. Solihull MBC and Warwickshire County
Council to deliver energy financial support as part ofthe DWP'S Household Support Fund.
We're integral partners to the Home Upgrade Grants scheme (HUGS) providingcustomerjourney
support to the Midlands Net Zero Hub, delivering energy advice to residents across our wider area.
And our work even extends beyond our traditional heartland. We've delivered impartial retrofit advice
for schemes in London and the NW of England, and we're proud to be the national secretariat for the
Association of Local Government otticers providing support. advice and training to more than 300
professional officers.
Governance, management and employees
Act on Energy is a registered charity and company limited by guarantee. It's governed by its
memorandum and articles of association. The trustees listed below. are members of the company
and all served throughoutthe year.
Trustees
Robin Dunlevy- Chair
Susan Juned- Vice Chair
Peter Evans-Treasurer
Alan Boad
George Cowcher
David Johnston
Mary Unwin
William Buckler- resigned 1612124
The liability of members is limited to £10 per member in the event of winding up.
In accordance wrth the company's Articles ofAssociation. Robin Dunlevy and David Johnston will
retire by rotation at the next AGM and be eligible for re-election.
The tfustees govern the overall organisation and meet quarterly to discuss the charity's performance
and consider its future strategy and direction. They have overall responsibilityfor the organisation's
strategy and compliance. with delegated responsibility lying with Racheljones {CEO and Company
Secretary}.

ACT ON ENERGY
TRUSTEES, REPORT ICONTINUEDI(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Priorto Ithe formal meetings. the trustees declare any interests they may have in relation tothe work
carried out by the charity. If there is a conf lict of interest. the trustee either leaves the meeting during
the relevant discussion or abstains from voting if necessary. The trustees also hold an Annual
General Meeting.
The trustees do not receive any renumeration fortheir services. nor do they claim any expenses
incurred.
The dayto day running at the charity is managed by Racheljones who is responsible for the charity's
performance in achieving its objectives and developing its future activities. Welfare ot Act on
Energy's employees and the quality-of-service delivery remains crucial to Rachel's role.
Rachel also leads a Senior Management team {SMT) who collectively implement the charity's
policies and strategy.
Specific areas of activity include managing partner agreements to provide Energy Advice across the
region and develop and deliver specialist services. The charity currently has a total of 51 employees
and all members of staff are trained to a minimum Level 3 City and Guilds in Energy Awareness
Trustees, financial review and results
Overview
The full set of financial results torthe year are set out in the Annexed accounts.
We rely on funding from Local Authorities and through specific project funding bids to local, regional
and nationaigovernment bodies and other agencies. Some income is earned from specialist work
such as home and business energy surveys and referral fees from commercial organisations.
Since March 2024, we have been registered with the Fundraising Regulatorto allowfor donations
from the general public, although none were received during the financialyear. We do not have a
trading subsidiary to contribute to our funding.
We considerAct on Energy's financial position continues to be viable. Additionally, significant
income is available as reserved bank accounts to service grant funding for energy eff iciency
programmes as well as fuel poverty initiatives. The funding is provided by our Local Authority partners
and is in addition to their Service Level Agreement funding. We've also been successful in securing
additional funding f rom other organisations including some government initiatives.
We have not made any changes to the Charity's objects, which remain to educate the public and
promote public involvement in energy conseNation and efficiency, environmental resources and to
help in the relief of fuel poverty.
The policies adopted include:
The provision of free and impartial advice to the public
The marketing and promotion of energy efficiency
Delivering educational programmes in schools and colleges

Acr ON ENERGY
TRUSTEES, REPORT {cO￿lNUED){INCluD1NG DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Devising and managing specialist schemes on behalf of others to promote the uptake of energy
efficiency measures and help with fuel poverty and energydebt and seeking fundingto cover
the cost of such schemes
Working in partnership with charities, voluntary bodies, statutory authorities and others that
can assist in the achievement of the objects
There has been no change in these policies duringthe year.
Public Benefit
The charity encourages people to reduce their energy needs by improved energy eff iciency, behavioural
changes and the use of renewable technologies. Using less energy is not only greener, but cheaper. And
of course, there is a wider benefit than just the individual household- helpingto mitigate the effects of
climate change and helping to reach the UK'S net zero commitments. All the activities are in line with
the strategic objectives outlined previously.
The charitywill continue to work with partner organisations that support our aims including developing
new and innovative solutions.
The level of advice and support provided to individuals and organisations is tailored to their specific
needs. In some circumstances, we may make a change forthe Se￿iCe if it is deemed additionalto the
charity's objects or requires specific skills, training or equipment.
Reserves Policy
Our policy maintains unrestricted funds, which includes the free reserves of the Charity, at a level
which provides sufficient funds to meetthe ongoing operating expenditure. We are satisfied that at
present the free reserves provide about tour months of such expenditure.
Investment policy
Under the Memorandum and Articles of Association. the charity has the powerto invest monies not
immediately required forthe delivery of its objectives, as it sees fit. It is our policyto maximise income
within a low-risk environment.
Risk management
The board oftrustees continue to examinethe major strategic, business and operational risks which
the charity faces, and develops and implements systems to mitigate anyexposure.
The loss of 8 significant amount of funding is a riskforthe longterm. The charity has maintained funds
to coverthe loss of some income in the shortterm but may not withstand it long term.
Alongside our CEO, we'll continue to maintain close control of the financial situation to ensure that the
appropriate action is taken to support Act on Energy's financialviability.
We understand the risk of losing key. experienced staff while delivering our commitments, and this is
being addressed through investing in training and development: a new staff welfare package and
annual staff survey.
We have identified a major riskfor the charitywhich is the provision of energyadvice. All employees are
required to have achieved a level 3 Energy Awareness qualitication and to receive ongoingtraining as
required. When providing energy audits during a home visit and

ACT ON ENERGY
TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR EAIDED 31 MARCH 2024
in other buildings- cover is provided by public liability indemnity insurance. together with training in
appropriate risk assessment procedures.
Staff attend regular team meetings to keep up to date with current practice and this is held
electronically on individual PCS. Protection against claims for inappropriate advice is maintained by
professional indemnity insurance covering claims of up to £2m and public liability covering claitns up
to £10m.
Health and safety at work risk assessments are carried out and procedures are in place to ensure
that all staff are made aware of any real or potential issues.
As employees may meet children and vulnerable adults, we require all frontline staff to provide basic
DBS checks which are renewed every three years.
Act on Energy handles personal data as defined in the Data Protection Act 2018 and is registered with
the Data Protection Registrar as a data controller and processor. The General Data Protection
Regulations have been fully implemented and no breaches have been recorded.
The charity has a Health and Safety at work policy and Staff Handbook which contains all relevant
information and other policies and procedures including office risk assessment and a risk
assessment for out of office activities.

ACT ON ENERGY
TRUSTEES. REPORT (CONTINUEDI{INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Auditor
In accordance with the company's articles, a resolution proposing that TC Group be reappointed as audFtor of
the company will be put at a General Meeting.
Oisclosure of information to auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to
the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate
steps to identify Such relevant information and to establish that the audrtor is aware of such information.
The
rustees, rep
rt was approved by the Board of Trustees.
Mr R Dunlevy
Trustee
Dated: 13 December 2024
10-

Acr ON ENERGY
STATEMENT OF TRUSTEES, RESPONSIBILITIE5
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also the directors of Act on Energy for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the Company and of the incoming resources and application of resources,
including the income and expenditure. of the charitable company for that year.
In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and then apply them consistently."
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent:
state whether applicable UK Accounting Standards have been followed. subjert to any material departures
disclosed and explained in the financial statements: and
prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the
Company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the Company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for
taking reasonable Steps for the prevention and detection of fraud and other irregularities.
11

ACT ON ENERGY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF AcfoN ENERGY
Opinion
We have audited the financial statements of Act on Energy (the 'Company'l for the year ended 31 March 2024
which comprise the statement of financial activrties, the balance sheet, the statement of cash flows and notes to
the financial statements. including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 The Finonciol Reporting Stondord applicable in the UK and Republic of Irelond (United
Kingdom Generally Accepted Accountin8 Prarticel.
In our opinion, the financial statements:
give a true and fair view of the state of the charrtable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom General￿ AC￿pted Accounting Prattice,.
and
have been prepared in accordance wrth the requirements of the Companies Act 2C￿6.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor'5 responsibilities for the oudit
of the financiol stotements section of our report. We are independent of the Company in accordance wtth the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wtth these requirements.
We believe that the audr( evidence we have obtained is sufficient and appropriate to provide a basi5 for our
opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilitie5 and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other information cornprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and.
except to the extent otheNise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent wrth the financial statements or our knowledge obtained in the course of
the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
rnaterial misstatements. we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
12-

Acr ON ENERGY
INDEPENDENT AUDITOR'S REPORT {coKnNUED)
TO THE MEMBERS OF Acr ON ENERGY
Opinions on other rnatters prescribed by the Companies Art 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Trustees, report for the financial year for which the financial statement5 are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with
the financial statements; and
the directors, report included within the Tru5tees' report has been prepared in accordance with applicable
legal requirement5.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and tts environment obtained in the course of
the audit, we have not identified material misstatements in the directors. report included within the Trustees,
report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2Crf)6
require5 US to report to you rf, in our opinion-
adequate accounting records have not been kept. or returns adequate for our audtt have not been received
from branches not visited by us- or
the financial Statements are not in agreement with the accounting records and returns- or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit- or
the Trustees were not entbtled to prepare the financial statements in accordance wrth the small companies
regime alld take advantage of the small companies, exemptions in preparing the Trustees, report and from
the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the statement of Trustee5' responsibilities. the Trustees, who are also the directors of
the Company for the purpose of company law. are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the
Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless the Trustees e¢ther intend to liquidate the charitable company
or to cease operations. or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condutted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected
to influence the economic decisions of users taken on the basis of these financial statements
13-

ACT ON ENERGY
INDEPENDENT AUDITOR'S REPORT (COPtriNUEDI
TO THE MEMBERS OF AcfoN ENERGY
Extent to which the audit was considered capable of detecting irregularities. including fraud
The objectives of our audit. in respect to fraud. are- to identlfy and assess the risks of material misstatement of
the financial statements due to fraud- to obtain Sufficient appropriate audit evidence regarding the assessed risks
of material misstatement due to fraud. through designin8 and implementing appropriate response5; and to
respond appropriately to fraud or suspected fraud identtfied during the audit. However, the primary responsibility
for the prevention and detection of fraud rests with both those charged wtth governance of the entty and its
management.
Our approach was as follows:
We identified areas of laws and regulations that could reasonably be expected to have a material effect
on the financial statements from our general commercial and sector experience, and through discussion
with the directors and other management {as required by auditing standards), and discussed with the
dirertors and other management the policies and procedures regarding compliance with laws and
regulations-
We considered the legal and regulatory frameworks directly applicable to the financial statements
reporting framework IFRS 102 and the Companies Act 20061 and the relevant tax compliance regulations
in the UK;
We considered the nature of the industry, the control environment and business performance, including
the key drivers for management's ￿muneratIOn,.
We communicated identified laws and regulations throughout our team and remained alert to any
indication5 of non-compliance throughout the audit,.
We considered the procedures and controls that the company has established to address risks identified,
or that otherwise prevent. deter and detect fraud; and how senior management monrf(ors those
proBfdmmes and controls.
Based on this understanding we designed our audtt procedures to identrfy non-compliance with such laws and
regulations. Where the risk was considered to be higher, we performed audtt procedures to address each
identified fraud risk. These procedures included- testing manual journals- reviewing the financial statement
disclosure5 and testing to supporting documentation,. performing analytical procedures: and enquiring of
management, and were designed to provide reasonable assurance that the financial statements were free from
fraud or error.
Owing to the inherent limitat10115 of an audrt, there is an unavoidable risk that we may not have detected some
material mi55tatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws and
regulations lirregularttiesl is from the events and transactions reflected in the financial statements, the le55 likely
the inherently limvLed procedures required by auditing standards would identify it. The risk is also greater
regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and
cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
http5://www.frc.or8.uk/Our-Work/Audit/Audtt-and-assurance/Standards-and-guidance/Standards-and-guidance-
forauditors/Auditors-respon5ibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.
This description form5 part of our audttor's report.
14-

ACT ON ENERGY
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF Acr ON ENERGY
Use of our ￿port
This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an audttor'5 report and for no other
purpose. To the fullest extent permbtted by law, we do not accept or assume responsibility to anyone other than
the charitable company and the charttable company's members as a body. for our audit work, for this report, or
for the opinions we have formed.
Mark Bullock FCA (Senior Ststutory Auditor)
for and on behalf of TC Group
13 December 2024
Statutory Auditor
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
15-

AcfoN ENERGY
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOU
FOR THE YEAR EIVDED 31 MARCH 2024
Unrestricted Restrirted
funds
funds
2024
2024
Total Unrestrirted Restrirted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
215.005 1,173,834 1.388,839
7￿,064 2.584,121 3,284.185
7,244
1,576
8,820
13,484 1,178.940 1,192,424
108.980 3,043.232 3,152,212
1.190
1,190
Total income
922.313 3,759.531 4,681,844
123.654 4,222,172 4,345.826
Expenditure on:
Charitable activities
Other expenditure
1.029.261 3,187.273 4,216,534
22.599
22,599
507.762 3.739,138 4,246,91X)
Total expenditure
1,051.860 3.187.273 4.239.133
507,762 3,739,138 4.246,900
Net income/(expenditurel
1129,5471
572,258
442.711
1384,1081
483,034
98,926
Transfers between
funds
1107,2161
107,216
350,021
1350,0211
Net movement in
funds
1236,763)
679,474
442,711
{34,0871
133,013
98,926
Reconciliation of funds:
Fund balances at l April 2023
891,027
269.092
1.160,119
925,114
136.079 1,061,193
Fund balances at 31 March
2024
654,264
948.566 1,602.830
891.027
269,092 1.160,119
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
16-

Acr ON ENERGY
BALANCE SHEEr
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
li
27,904
34,900
Current a55ets
Debtors
Cash at bank and in hand
12
612,903
2,108,847
782,520
1.642,212
2.721.750
2,424,732
Creditors: amounts falling due within one
year
Taxation and social security
Other creditors
146,560
I,0(￿,264
209,511
1.090,002
13
1,146,824
1,299,513
Net current assets
1.574.926
1,125,219
Total assets less current liabilities
1,602,830
1,160,119
Net assets excluding pension liability
1.602.830
1,160,119
The funds of the Company
Restricted income funds
Unrestricted funds
16
948,566
654.264
269,092
891,027
15
1.602,830
1,160,119
The
inancial statements
were approved by the Trustees on 13 December 2024
Mr R Dunlevy
Trustee
Company registration number 03621022 (England and Wales)

ACT ON ENERGY
NOTES TO THE FINANCIAL sTATEmE￿s
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Act on Energy 15 a private company limited by guarantee incorporated in England and Wales. The registered
office is Unit 2, Lauriston Business Parl Pitchill. Evesham, WRII 85N.
1.1 Accounting convention
The accounts have been prepared in accordance with the Company's Articles of Association. the Companies
Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161.
The Company is a Public Benefit Enttty as defined by FRS 102.
The Company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the Company.
Monetary arnounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accountin8
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
Company has adequate resources to continue in operational existence for the foreseeable future. Thus the
Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Designated funds cornprise funds which have been set aside at the discretion of the Trustees for specific
purposes. The purposes and uses of the designated funds are set out in the note5 to the financial
statements.
Restricted funds are subjert to specific conditions by donors or grantors as to how they rnay be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subjert to specific conditions by donors that the capital must be maintained by the
Company.
1.4 Income
Income relatin8 to service level agreements Wtth local or ￿gIOnal authorities is recognised when the
Company is legally entitled to it after any performance condition5 have been met, the amounts can be
measured reliably, and it is probable that income will be receNed. Typically this is equally over the term of
the agreement which tends to be on an accounting year basis.
18-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Income relating to general services is recognised when task is completed. typically relating to Energy
performance certification and Thermal imagin8.
Income relating to grants or funding from local or regional authortties for specific activities is recognised
when the Company is legally entitled to Ét after any performance conditions have been met, the amounts
can be measured reliably. and it is probable that income will be re￿Ived. Typically this is when cost5 are
incurred meaning that the criteria for the grant or funding are met.
1.5 Expenditure
Resources expensed are included in the Statement of Financial Activities on an accrua15 basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Plant and machinery
Fixtures. fittings & equipment
20% straight line basi5
IIPA straight line basis
The gain or 105s arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset. and is recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrdfts. Bank overdrafts are
Shown within borrowings in current liabiltties.
1.8 Financial instruments
The Company ha5 elected to apply the provisions of Sertion 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of tts financial instruments.
Financial instruments are recognised in the Company's balance sheet when the Company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basicfinoncial ossets
Basic financial assets. which include debtors and cash and bank balances. are Initial￿ measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constrtutes a financing transaction, where the transaction
is measured at the present value of the future re￿iptS discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
19-

ACT ON ENERGY
NOTES TO THE FINANCIAL STATEmEP￿s (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
8a5icfinonciol liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transartion price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified a5 payable
within one yearare not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
vear or less. If not, they are presented as non-current liabiltties. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effertive interest Method.
DerecognitiTon offinancial liabilities
Financial liabilities are derecognised when the Companrfs contrartual obligations expire or are discharged or
cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination beneftts are recognised immediately as an expense when the Company is demonstrably
committettto terminate the employment of an employee or to provide termination beneftts.
1.10 Retirement benefits
Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall due.
-20-

Acr ON ENERGY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from/labsorbed by)
operations
18
457,815
199,0901
Investing activities
Purchase of tangible fixed assets
Investment income received
112,313}
1.190
8,820
Net cash generated from/lused in)
investing artivities
8,820
111,1231
Financing attivities
Repayment of borrowings
110,270}
Net cash used in financing activities
110,2701
Net increase/(decreasel in cash and cash
equivalents
466,635
1120.4831
Cash and cash equivalents at beginning of year
1,642.212
1.762,695
Cash and cash equivalents at end of year
2.108,847
1,642.212
21

Acr ON ENERGY
STATEMENT OF CASH FLOWS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income frorn charitable artivities
Unrestricted Restrirted
funds
funds
2024
2024
Total Unrestrirted Restricted
funds
funds
2023
2023
Total
2024
2023
Income
Sale of professional
services
Services provided under
contract
34,516
19,750
54,266
16,842
332.838
349,680
665,548 2,564.371 3,229.919
92,138 2,710,394 2,802,532
700,064 2,584,121 3.284,185
108,980 3,043,232 3.152,212
Donations and legacies
Unrestrirted Restricted
fund5
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
DonatiOJ15 and gifts
Government Grant
Income
5.5(K)
5,5(X)
209,505
1.173.834
1,383.339
13,484 1,178,940
1,192.424
215.005
1,173,834
1.388,839
13,484 1.178,940
1,192,424
-22-

Acr ON ENERGY
STATEMENT OF CASH FLOW5 (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestrirted Restrirted
funds
funds
2023
2023
Total
2024
2023
Interest receivable
7.244
1,576
8,820
1,190
1,190
Investment income is derived from the Charities cash savings.
-23-

AcfoN ENERGY
STATEMENT OF CASH FLOWS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Staff cost5
Depreciation and impairment
Projects
Rent and rates
Training
Insurance
Expenses
Office repairs and renewals
Postage
Stationery
Telephone
Marketing
Professional fees
Computer and IT costs
Lease and motor costs
1.578,571
992,099
6.996
13,844
2,197,516 2,946,178
48,934
27.371
10,314
5,654
16,252
7,133
30,594
34,885
19,334
844
16,944
34,794
7,543
5.319
18,688
20.428
8,￿2
14,778
160,479
71,046
74,556
66,710
21,811
5,817
4,216,534 4.246,900
4.216,534 4,246,9¢y)
Analysis by fund
Unrestricted funds
Restricted funds
1,029,261
507,762
3,187,273 3,739,138
4.216,534 4,246,900
-24-

ACTON ENERGY
STATEMETrtr OF CASH FLOWS (COP￿INUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement in funds
2024
2023
The net movement in funds is stated after charging/{creditingl:
Fees payable to the charity's auditor:
for the audit of the charity's financial statements
for other financial services
Depreciation of owned tangible fixed assets
15,000
19,000
6,996
15,000
29,505
13,844
Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits from the
Company during the year12023- none).
During the year. none of the trustees claimed any expenses from the charity12023 - none).
Employees
The average monthly number of employees during the year wa5:
2024
2023
Number
Number
Employees
51
35
Employment costs
2024
2023
Wages and salarie5
social security costs
Other pension costs
1.389,001
127,638
61,932
875,587
73.465
43,047
1,578,571
992,099
The number of employees whose annual remuneration was more than
£60,000 is as follows..
2024
Number
2023
Number
£60,001 to £70,000
25-

Acr ON ENERGY
STATEMENT OF CASH FLOWS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Employees
{Continued)
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows:
2024
2023
Aggregate compensation
244,255
111,091
Other than the remuneration of key management pe￿onnel detailed above, there were no transactions
with related parties in the year12023 none).
Auditor's remuneration
The analysis of auditor's remuneration ts as follows-
2024
2023
Audit of the annual accounts
15,Cl)O
15,000
Non-audit services
All other non-audit services
19,¢
29,505
The nature of the services provided during 2023 was payroll and financial statements preparation.
10 Taxation
The charity is exempt from taxation on its activities because all its irbcome is applied for charf(able purposes.
-26-

ACT ON ENERGY
sfATEMENT OF CASH FLOWS (co￿1NUEDl
FOR THE YEAR ENDED 31 MARCH 2024
11 Tangible fixed assets
Plant•rKI Nmtures. fittings
ma¢hinery
& o4uipment
Totsl
Cost
At l April 2023
28,650
46,886
75,536
At 31 March 2024
28,650
46,886
75,536
Depreciation and impaimient
At l April 2023
Depreciation charged in the year
11,536
2,307
29,100
4.689
40,636
6,996
At 31 March 2024
13.843
33,789
47.632
Carrying amount
At 31 March 2024
14,807
13,097
27,904
At 31 March 2023
17,114
17,786
34,900
12 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
422,953
65,898
124,052
647,980
6,220
128,320
612,903
782,520
13 Creditors: amounts talling due within one year
2024
2023
Other taxation and social security
Trade creditors
Other credttors
Accrua15 and deferred income
146,560
175,748
12,057
812,459
209,511
148.977
941,025
1,146,824
1,299,513
-27-

ACT ON ENERGY
STATEMENT OF CASH FLOWS (Cor￿lNuED}
FOR THE YEAR EIVDED 31 MARCH 2024
14 Retirement benefit schemes
Defined contribution schemes
The Company operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the Company in an independently administered fund.
The charge to profit or loss in respect of defined contribution Schemes was £61,93212023 - £43,047).
15 Unrestrirted funds
The unrestritted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestrirted funds by the trustees for specific purposes.
At l April 2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
891.027
922,313
11.051,8601
1107,2161
654,264
Previous year:
At l April 2022
Incoming
resources
Resources
expended
Transfer5 At 31 March
2023
General funds
925,114
123,654
1507.7621
350.021
891,027
16 Restrirted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At l April 2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Service Level Agreements
Affordable Warmth Schemes
Household Support Funds
Sustainable Warmth
HUG52
Other Projects
137.880
291.484
1,760,6(XJ
132,560
447,685
989,322
175,3741
1299.659)
11.524,4591
145.0871
{335,7251
1906,9691
62,506
18,1751
426,564
87,473
111,960
268,238
I￿,423
78,669
107,216
269,092
3.759.531
{3.187,2731
107,216
948,566
-28-

Acr ON ENERGY
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Restricted funds
(Continued)
Previous year:
At l April 2022
Incoming
resources
Resource5
expended
Transfers At 31 March
2023
350.021
1350.0211
Warm & Well in Warwickshire
Home Improvement Pilot
Solihull HSF
Worcesterwinter Fuel
Scheme/HSF
LADS
Keeping Coventry Warm
Wa￿ickshire HSF
Warmer Hornes West Midlands
Solihull Retro Ff(
HofE Complex Case Worker
Stratford Energy Fund
Coventry Cost of Ltving Fund
Big Saving Energy Network
Other smal grants
69,248
318.850
169,248}
1165,1371
153,713
136,079
1.535.375
756.140
546,101
100,otM)
584,573
27.200
36,836
67.500
I15.¢￿)
37.232
28,116
11,671.4541
{756.1401
(546.1011
163,2901
1584,573)
I27.2￿)
136,8361
167,5001
136.3321
{37.2321
{28,1161
36,710
78,668
136,079
4,222.172
13,739,138}
1350,021)
269,092
29-

Acr ON ENERGY
STATEMENT OF CASH FLOWS (coNfiNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
16 Restrirted funds
(Continued)
Unrestritted funds
These relate to the numerous local and regional service level agreement5 made with authorf(ies along
with any 3rd party sales made by the Charity as a part of its ongoing activities.
Restricted funds
All restricted funds have criteria attached to the funding which require funding to be ring-fenced in
separate bank account.
Warm and Well in Warwickshire Home Improvement Pilot - Arranging home visrts and assessments to
those within the geographical area whom meet eligibilty criteria. Referral to appropriate providers for
the identified improvement work to be completed.
Household Support Fund - is a final safety net for those who are experiencing a crisis and cannot resolve
financial difficulties any other way. The HSF provides essential item5 for people in urgent need. It does
not provide cash. The HSF runs across Worcestershire, Warwickshire and 50lihull.
Keeping Coventry Warm - a project run on behalf of Public Health and Coventry Cty Council to deliver
warmer homes for those diagnosed with a long-term health condition/disability and on a low income.
Warm Homes West Midlands - delivering energy advi￿ and support to residents across Birmingham,
The Black Country. Solihull, Coventry and 50lihull.
Provision of Customer Journey Support to for the Midlands Net Zero Hub to support the deljvery of the
Local Authortty Delivery Scheme and the Home Upgrade Grants Scheme across the WMCA area,
Warwickshire, and Worcestershire.
17 Analysi5 of net assets between funds
General
Rertrirted
Total
Fund balances at 31 March 2024 are represented by:
Tangible assets
Current assets/lliabilities)
27,904
625,296
27,904
1,574.926
949,630
653.2C(I
949,630
1,602,830
-30-

ACT ON ENERGY
STATEMEP4T OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Cash generated from operations
2024
2023
Surplus for the year
442,711
98,926
Adjustments for:
Investment income recogni5ed in statement of financial acttvities
Depreciation and impairment of tangible fixed assets
18.8201
6,996
11,1901
13,844
Movements in working capital-
Decrease in debtors
IDecreasel in creditors
169,617
1152,6891
74,059
1284,7291
Cash generated from/{absorbed by) operations
457,815
199,0901
31