Charity registration number 1075679
Company registration number 03621022 (England and Wales)
ON ENERGY
ANNUAL REPORT AND FINANCIAL StATEME1￿rs
FOR THE YEAR ENDED 31 MARCH 2025

Acr ON ENERGY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr A Boad
Dr Sjuned
Mr D Johnston
Mrs M M Unwin
Mr D Cowcher
Mr R Dunlevy
Mr P Evans
Secretary
Ms R Jones
Charity number
1075679
Company number
03621022
Registered office
Unit 2
Lauriston Business Park
Pitchill
Evesham
United Kingdom
WRII 8SN
Auditor
TC Group
Celixir House
Stratford Busine55 & Technology Park
Innovation Way, Banbury Road
Strarford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ

Acr ON ENERGY
CONTENTS
Page
Chairman's statement
Trustees, report
Statement of Trustees. responsibilities
Independent auditor's report
8-11
Statement of financial activities
12
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15-26

Acr ON ENERGY
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
Introduction from our Chair of Trustees, Robin Dunlevy
It's been another incredible year for Act on Energy.
Whilst the height of the energy crisis may have fallen away from the media headlines- continued higher prices,
record breaking levels of energy debt and the ins and outs of Winter Fuel Payments meant that energy- and the
worry- was certainly never far from people's minds. On top of that, the newly appointed government set out its
stall for a cleaner, greener future which will mean changes for all; yet it's str"Il the immediate cost of living worries
which is uppermost in our customers, lives.
We're proud to have supported thousands of people right across our region of Worcestershire, Warwickshire and
the wider West Midlands with their ener8y needs. The level of those households in fuel poverty shows no sign of
abating- and indeed, the West Midlands continues to occupy the top spot in the country.
It's not only on the phones where we offer free, unbiased advice. We've made more home visits this year than
ever. and the case work is getting longer and more complex. This is because many of our most vulnerable
customers have got used to switching off appliances to save money; exacerbating the issues of cold damp
homes which often worsen poor health and overall wellbeing.
Local authorities have also put their trust in us to deliver programmes such as the much-needed Household
Support Fund which has helped thousands of customers with their energy bills and broken heating systems.
But vital as our day-to-day support is, it's the longer term changes to people's homes that will really make the
difference. Improving the energy efficiency in homes remains as vital now as it did when we started more than 25
vears ago. In fact, the urgency- with more climate extremes and higher bills- is arguably greater.
That's why we're proud to be working with our local authorities to deliver on the energy efficiency programmes
which will transform people's lives. Amongst others, it was the Home Upgrade Grant scheme which tcnk centre
stage this year. It was not without its challenges and we hope that the lessons learnt from implemertation will be
embedded in future schemes.
As an energy advice charity rooted in the heart of our communities, we're well placed to offer the local solutions
as well as parhcipating in the national dialogue. We're a trusted voice at both national and local government and
it remains our remit to help all our customers. The fact remains that a just transition towards net zero still seems
some way off, but we are undeterred in our conviction to work with partners to make sure that no one is left
behind. Because while much of the conversation focuses on EV vehicles and heat pumps, Time of Use tariffs and
demand flexibility, we know that for many of our customers that remains a pipe dream, and simply 'gethng by. is
enough.
Of course all of this work comes at a cost. It requires investment and we work hard to find fundirg that is
outcomes specific and has long term sustainability- As demand for our services grows and statutory support
wains, it is increasingly challenging to secure the longer-term flow of funding. That's why we're looking at
expanding our strategic goals to incorporate more commercial operations.
Indeed this year we launched our AIM accredited training academy. We've understood for many years the
demand for wider energy awareness training and know-how- and 50 our investment in training will allow the twin
goa15 of education and income to reinvest in our services.
But despite the funding challenges and the knowledge that the energy transition is only just beginning, we're
proud of the role we play - and will continue to play - in the communitie5 we service. and the trust placed upon
US.

Acr ON ENERGY
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees continues to be very grateful to our CEO Rachel Jones who has led the Act on Energy team
through another challenging year
all to the benefit of the local residents and making their lives warmer and
healthier.
We're proud of our achievements
We've supported thousands of people from right across our region offering free and impartial energy advice and
access to grants and funding for energy support and energy efficiency grants. Some of our highlights include..
Our freephone advice line is operated by qualified energy advisors who offer impartial information advice and
guidance on any energy matter
Our qualified outreach officers made more than 1800 home visits - a big increase on the previous year. This is
such a vital service for so many of the most vulnerable in our communities. By sitting at home with customers, we
can offer the best possible support on their energy needs. These are the most complex cases that we see and
sometimes require more than one visit.
We launched our new website which is easier to navigate for schemes local to specific area5
as well as up-to-
date guidance on the latest news and schemes that are available. We have also added Reciteme to the website
which enables our online content to be accessible for a range of needs.
Partner organi5ations and professionals continue to refer customers who need our support- more than 850 in the
last year alone.
We offer a range of drop in event5 for people to meet and hear from our experts
presentations to community group5
as well a5 talk5 and
We received £lmillion funding from the Energy Savings Trust to continue our flagship Warmer Homes West
Midlands programme. This programme is playing a vital role in helping to support residents in the country's
highest area of fuel poverty. We welcorned newly elected West Midland5 Mayor Richard Parker to our new
Birmingham office to understand more about the pivotal work we carry out across the region.
We're proud to be working on innovative. life-changing programmes. such a5 the Direct Access to Wellbeing
Service. With some of the highest rates of fuel poverty in the country, vulnerable Birmingham residents are now
benefiting from a project that helps to break the cold home
ill health - hospitalization cycle. We work with
other health care and well being partners in the community to address the needs by also offering income
maximations support as well as energy lifelines.
Our more rural communities are also served by specific programmes such as the Heart of England Community
Fund and Worcestershire Warmth on Prescription.
Other local programmes included Keeping Coventry Warm, Warwick Energy Fund. Stratford on Avon Heatiig and
Bill Support, Warm and Well in Warwickshire and the Cadent Winter Support Fund.
We're trusted partners to deliver energy frnancial sUPPOrt as part of the DWP'S Household Support Fund for
Worcestershire County Council, Solihull MBC and Warwickshire County Council.
Understanding the need for energy awareness training and qualifications, we opened our brand new training
academy which offer5 both accredited and bespoke course5 for individua15 and organizations alike. Courses in
Information, Advice or Guidance: Environmental Sustainability: Fuel Poverty and Damp and Mould can be tailored
to offer flexibility.

Acr ON ENERGY
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
We've continued to invest in our own employees. training too. with Ofqual recognised qualifications in
Information. Advice or Guidance as well as retrofit advice for several of our colleagues.
We also continue to offer free training sessions to a range of organisations such as local authorities, NHS and other
charities. We trained more than 450 front line professionals under the Energy Outreach Project alone.
We've been integral to the delivery of the government's flagship Homes Upgrade Grants scheme providing
customer journey support to residents undergoing energy efficiency upgrades.
We're also proud of the work beyond our regional borders. We're National Secretariate for the As9Jciation of
Local Government officers providing support. advice and training to more than 300 officers.
We also share our experknse at national level by using or voice and influence to promote the just transition to net
zero and eliminate fuel poverty, helping to shape both policy and future programmes.
Eobikl S)Hhlevy
Robin Dunlevy
Chair of Trustees
Date..
1212212025

Acr ON ENERGY
TRusfEES' REPORT (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the Company's Memorandum and Articles of Association, the Companies
Act 2006 and Accountin8 and Reporting by Charities.- Statement of Recommended Practice applicable tocharities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arml Republic of
Ireland IFRS 1021" leffective l January 20191.
Objectives and activities
The Charity's objectives remain unchanged:
Educate the public on energy consen4ation and efficiency
Promote environmental 5U5tainability
Alleviate f uel poverty
Key activities include..
Providing free. imparknal advice to the public
Promoting energy effi'ciency through marketing and education
Delivering educational programs in schools and colleges
Managing schemes to encourage energy-saving measures and reduce energy debt
Collaborating with charities, ststutory bodies. and other partners
These activities support the Charity's strategic aim to reduce energy use, improve home warmth and health, and
tackle f uel poverty. By promotr.ng behavioural change, energy efficiency, and renewable technologies, the Charity
contributes to climate change mitigation and the UK'S net-zero targets.
Public Benefit
All acbvities are aligned with the Charity's mission to create warmer. healthier homes and reduce fuel poverty.
This benefit5 individua15 and communities by lowering energy demand, supporting energy security, and
addressing climate change.
The level of advice and support provided to individuals and organizations will be tailored to their needs and ability
to utr.lise the advice given. In some circumstances, Act on Energy may make 3 charge for a service, rf it is deemed
to be additional to its charitable objects and requiring special skills, training. or equipment.

Acr ON ENERGY
TRusfEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Members and their interests
Act on Energy is a charitable company limited by guarantee and was incorporated on 25 August 1998 as
Warwickshire Energy Efficiency Advice Centre and registered its change of company name to Act on Energy
on 30 October 2008. It is governed by its memorandum and articles of association. The liability of members
is limited to £10 per member in the event of winding up. The trustees. as listed below, are members of the
company and served throughout the year.
Trustees
The present trustee are shown below.
A Boad
{trusteel
P Evans
Itrustee and treasurer)
Sjuned
{trustee and vice chairman)
D Johnston
{trusteel
M Unwin
{trusteel
R Dunlevy
{trustee and chairman)
G Cowcher
{tru5teel
In accordance with the Company'5 Arhcles of Association, G Cowcher and A Boad will retire by rotation at the
next Annual General Meeting and be eligible for re-election.
Results and business review
The tinancial results for the year are as set out in the annexed accounts.
The trustees consider the financial position of the company to continue to be viable. In addition. significant
income is available as reserved bank accounts to Service grant funding for energy efficiency improvements to
households that qualify and fuel poverty alleviation program's. This funding is provided by our partner local
authoritr.es in addition to their service level agreement funding.
The charity has also had success in securing funding to support local partnerships through other
organizations including some government initiatives. Act on energy is located at Unit 2 Lauriston Business
Park. Pitchill, Warwickshire.
The Charity relies on funding from- local / regional / national government. project funding bid5 and other
partnering agencies. Some income is earned from specialist work such as home and business energy surveys
and referral fees from commercial organisations.
Governance and Employees
The trustees govern the overall business of the Charity and meet quarterly to discuss the charity's
performance and consider its future direction. In addition. they hold an Annual General Meeting in
accordance with the rules of the Charity-
The Trustees receive no remuneration for their services and do not claim expenses.
Day-to-day activities are managed by Rachel Jones (chief executive and company secretary), supported by 59
staff members. All advisors hold a minimum level 3 City & Guilds qualifi'cation in Energy Awareness.

Acr ON ENERGY
TRusfEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investment and Reserves Policy
The Charity invests surplus funds to maximise income within a low-risk framework. Unrestricted reserves are
maintained at a level sufficient to cover approximately four months of operating costs.
Risk Management
The Charity actively manages strategic and operational risks, including funding loss and advice quality. Measures
include:
Staff training and ongoing development
Professional indemnity insurance {£2m} and public liability insurance I£IOm)
Health and safety risk assessments
Compliance with Data Protecbon Act 2018 and GDPR
DBS checks for staff working with vulnerable individuals
Policies and procedures are documented in the staff handbook and regularly reviewed.
Auditor
In accordance with the company's article5. a re501ution proposing that TC Group be reappointed as auditor of the
company will be put at a General Meeting.
Disclosure 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 confi'rmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The Trustees, report was approved by the Board of Trustees.
Mr P Evans
Trustee
23 December 2025

Acr ON ENERGY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
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
Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financi31 year which g￿e a true and
fair view of the state of affairs of the Company and of the incoming resources and application of r&ources,
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,. and
prepare the financial ststements 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 tinancial 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.

Acr ON ENERGY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ACT ON ENERGY
Opinion
We have audited the financial statements of Act on Energy (the 'Company'l for the year ended 31 March 2025
which comprise the statement of financial activities. the balance sheet. the statement of cash flows and notes to
the financial statements, including signilicant 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 Finoncit71 Reporting Stt7ndard applicoble in the UK and Republic of Irelond (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 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 Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
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's responsibilities for the oudit
of the finonciol stotements section of our report. We are independent of the Company in accordance with the
ethical requirements that are relevant to our audit of the linancial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our
opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees, use of the going concem 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 ststements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the tinancial
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 informatKin and,
except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion
thereon. Our responsibility is to read the other information and. in doing 50, consider whether the other
information is materially inconsistent with the fi'nancial 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
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
tinancial 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.

Acr ON ENERGY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ACT ON ENERGY
Opinions on other matters prescribed by the Companies Act 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 statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with
the tinancial statement5; and
the directors, report included within the Trustees, report has been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its 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 2006
requires us to report to you if. in our opinion=
adequate accounting records have not been kept. or returns adequate for our audit have not been réreived
from branches not ViSlted by us- or
the tinancial statements are not in agreement with the accounting records and returns: or
certain disclosures of trustees, remuneration specilied 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 entitled to prepare the financial statements in accordance with the small companies
regime and 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 Trustees. responsibilities, the Tru5tee5. who are also the directors of
the Company for the purpose of company law, are responsible for the preparation of the financial statement5 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 linancial 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 either 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 objectives are to obtain reasonable a55urance about whether the financial statements as a Who￿ 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 conthcted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements arise from
fraud or error and are considered material if, individually or in the aggregate. they could reasona1￿Y be expected
to influence the economic decisions of users taken on the basis of these linancial statements

Acr ON ENERGY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ACT ON ENERGY
Extent to which the audit was considered capable of detecting irregularities, including frdud
The objectives of our audit. in respect to fraud. are.. to identify and assess the risks of material misstatement of
the linancial statements due to fraud- to obtain sufficient appropriate audit evidence regarding the assessed risks
of material misstatement due to fraud, through designing and implementing appropriate respon5es,' and to
respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility
for the prevention and detection of fraud rests with both those charged with governance of the entity and its
management.
Our approach was as follows..
We identified areas of laws and regulations that could reasonably be expected to have a material dfect
on the linancial statements from our general commercial and sector experience. and through discussi(x)
with the director5 and other management las required by auditing 5tandardsl, and discussed with the
directors 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 statement
reporting framework IFRS 102 and the Companies Act 2(K161 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 remuneration.
We communicated identilied laws and regulations throughout our team and remained alert to any
indications of non-compliance throughout the audit-
We considered the procedures and contro15 that the company has established to addre55 risk5 identilied,
or that otherwise prevent, deter and detect fraud; and how senior management monitors those
programmes and controls.
Based on this understanding we designed our audit procedures to identify noTrcompliance with such laws and
regulations. Where the risk was considered to be higher, we performed audit procedures to address eLh
identilied fraud risk. These procedures included= testing manual journals. reviewing the financial statement
disclosures and testing to supporting documentation- performing analytical procedures- and enquiring of
management. and were designed to provide reasonable a55urance that the financial statement5 were free from
fraud or error.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements 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 lirregularitiesl is from the events and transactions reflected in the financial statements, the less likely
the inherently limited procedures required by auditing stsndards 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 norFcompliance and cannot be
expected to detect non-compliance with all laws and regulation5.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
https.'//www.frc.org.uk/Our-Work/AuditlAudit-3nd-assurance/Standards-and-guidance/Standards-and-guidance-
forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.
This description forms part of our auditor's report.
10-

Acr ON ENERGY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ACT ON ENERGY
Use of our report
This report is made solely to the charitsble company's members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might State to the charitable
company's members those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and the charitable company's members as a body, for our audit work, for this report, or
for the opinions we have formed.
Makk SHllock
Mark Bullock FCA (Senior Statutory Auditor)
for and on behalf of TC Group
23 December 2025
Statutory Auditor
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
5tratFord-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
11

Acr ON ENERGY
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
Totsl Unrestricted Restricted
funds
funds
Total
2025
2025
2025
2024
2024
2024
Notes
Income from:
Donations and legacies
Charitable activities
Investments
6,035 2.908,767 2.914,802
1.200,746
531,263
1.732,009
22,836
81
22.917
215,005
1.173,834
1.388,839
700,064 2.584,121 3.284,185
7,244
1,576
8,820
Total income
1.229,617 3,440.111 4,669,728
922,313 3,759,531 4,681,844
Expenditure on:
Charitable activities
Other expenditure
1.771,407 2.978,097 4.749,51)4
1.029,261 3.187,273 4.216,534
22,599
22,599
Total expenditure
1.771,407 2.978,097 4.749,504
1.051,860 3.187,273 4.239,133
Net income/(expenditure)
1541,7901
462,014
179,7761
1129,5471
572,258
442,711
Transfers between
funds
813,197
{813,1971
1107,2161
107,216
Net movement in
funds
271,407
{351.1831
179.7761
1236,7631
679,474
442,711
Reconciliation of funds:
Fund balances at l April 2024
654,264
948,566 1.602,830
891,027
269,092 1,160,119
Fund balances at 31 March
2025
925,671
597,383
1,523,054
654,264
948,566
1,602,830
The statement of linancial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
12-

Acr ON ENERGY
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
io
18,316
27,904
Current assets
Debtors
Cash at bank and in hand
li
498,750
1,660,962
612,903
2,108,847
2.159.712
2,721.750
Creditors: amounts falling due within one
year
Taxation and social security
Other creditors
171.965
483.009
146.560
1,000.264
13
654.974
1,146.824
Net current assets
1,504,738
1,574,926
Total assets less current liabilities
1.523,054
1,602,830
Net assets excluding pension liability
1.523.054
1.602,830
The funds of the Company
Restricted income funds
Unrestricted funds
17
597,383
925,671
948,566
654,264
16
1.523,054
1,602,830
The linancial statements were approved by the Trustees on 23 December 2025
P&fr&r Ev
Mr P Evans
Trustee
Company registration number 03621022 (England and Wales)
13-

Acr ON ENERGY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating artivities
Cash labsorbed byl/generated from
operations
19
{470.8021
457,815
Investing activities
Investment income received
22.917
8,820
Net cash generated from investing activities
22,917
8,820
Net cash used in financing activities
Net {decrease}/increase in cash and cash
equivalents
{447,8851
466,635
Cash and cash equivalents at beginning of year
2.108,847
1,642,212
Cash and cash equivalents at end of year
1,660,962
2,108,847
14-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Act on Energy is a private company limited by guarantee incorporated in England and Wales. The registered
office is Unit 2, Lauriston Business Park. Pitchill. Eve5ham. WRII 8SN. United Kingdom.
1.1 Accountin8 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 Practr"ce applicable to
charitr.es preparing their accounts in accordance with the Financial Reporknng Standard applicable in the UK
and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161.
The financial statements are prepared in sterling, which is the functional currency of the Company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal a￿Ounting
policies adopted are set out below.
1.2 Going concern
At the tr.me of approving the linancial 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 tinancial 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 comprise 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 notes to the financial
statements.
Restricted funds are subject to specitic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
Company.
1.4 Income
Income relating to service level agreements with local or regional authorities is recognised when the
Company is legally entitled to it after any performance conditions have been met, the amounts can be
measured reliably, and it is probable that income will be received. Typically this is equally over the term of
the agreement which tends to be on an accounting year basis.
Income relating to general services is recognised when task is completed, typically relating to Energy
performance certification and Thermal imaging.
15-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Income relating to grants or funding from local or regional authorities for specilic activities is recognised
when the Company is legally entitled to it after any performance conditions have been met. the amounts
can be measured reliably, and it is probable that income will be received. Typically this is when costs 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 accruals 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, fitlings & equipment
200A straight line basis
IO% straight line basis
The gain or loss 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 overdrafts. Bank overdrafts are
shown within borrowings in current liabilitie5.
1.8 Financial instrurnent5
The Company has elected to apply the provisions of Section 11 'Basic Financial Instrumentg and Section 12
'Other Financial Instrument5155ue5' of FRS 102 to all of it5 tinancial instruments.
Financial instruments are recognised in the Company's balance sheet when the Company becomes party to
the contractual provision5 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.
Bosicfinoncial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured
transaction price including transaction costs and are subsequently carried at amorhsed cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
16-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basicfinancial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transath"on, where the debt instrument is measured at the p￿sent
value of the future payments discounted at a market rate of interest. Financial liabilitr.es classifi.ed as payable
within one year are 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 service5 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are cla55ified as current liabilities if payment 15 due within one
year or less. If not, they are presented as norFcurrent liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition offinancial liabilitie5
Financial liabilities are derecognised when the CompanWs contractual obligations expire or are discharged or
cancelled.
1.9 Employee benefit5
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Income from charitable activities
Unrestricted Restricted
Total Unrestricted Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Sale of professional services
Sale of professional
services
54,983
54.983
34,516
19,750
54,266
Services provided under
contract
1.145,763
531,263
1.677.026
665,548 2.564,371 3.229,919
1.200,746
531.263 1.732,009
700,064 2.584,121 3,284,185
17-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestrirted Restrirted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Government Grant
Income
4,235
4.240
5,500
5,500
1,800 2,908,762 2,910,562
209,505
1,173,834 1,383,339
6,035 2,908,767 2,914,802
215,005
1,173,834
1,388,839
Donations and gifts
Other
4,235
4.240
5,500
5,500
4,235
4,240
5,500
5,500
Deferred income
Income is deferred when the criteria for recognition of grant funding has not been met. Typically income is
released from a restricted fund when costs have been incurred leading to recognition criteria being met.
Income from investments
Unrestrirted Restrirted
funds
fvnds
2025
2025
Total Unrestrirted Restricted
funds
funds
2024
2024
Total
2025
2024
Interest receivable
22,836
81
22,917
7,244
1,576
8,820
Investment income is derived from the Charity's cash savings.
18-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
2025
2024
Direct C05tS
Staff costs
Depreciation and impairment
Projects
Rent and rates
2,031,998
9,588
2.311,796
66,315
5,310
54,209
3,373
10,485
11,868
27,379
5,417
19,247
9,679
46,690
75,895
23,805
36,450
1,578,571
6,996
2.197,516
48,934
10,314
16,252
20,272
19,334
10,322
16,944
7,543
18,688
8,002
160,479
74,556
21,811
Training
Insurance
Expenses
Office repair5 and renewals
Heat and light
Postage
Stationery
Telephone
Marketing
Professional fees
Computer and IT costs
Lease and motor costs
Other charitsble expenditure
4,749,504
4,216,534
Analysis by fund
Unrestricted funds
1.771,407
2.978,097
1.029,261
3.187,273
Restricted funds
4.749,504
4,216,534
Net movement in funds
2025
2024
The net movement in funds is Stated after chargingl{creditingl'.
Fees payable to the charity's auditor..
for the audit of the charity's financial statements
for other fi'nancial services
Depreciation of owned tangible fixed assets
20,000
17,500
9,588
15,000
19,000
6,996
19-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits from the
Company during the year12024- none).
During the year, none of the trustees claimed any expenses from the charity12024 - none).
Employees
The average monthly number of employees during the year was..
2025
2024
Number
Number
Employees
59
51
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
1.764,793
174,245
92,960
1,389,001
127,638
61,932
2.031,998
1,578,571
The number of employees whose annual remuneration was more than
£60,000 is as follows..
2025
Number
2024
Number
£60.001 to £70,000
£70.001 to £80,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2025
2024
Aggregate compensation
328,929
244,255
Other than the remuneration of key management personnel detailed above, there were no transactions with
related parknes in the year {2024 - none).
-20-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
Plant and Fixtures, fitting5
machinery
& equipment
Totsl
Cost
At l April 2024
28,650
46,886
75,536
At 31 March 2025
28,650
46,886
75,536
Depreciation and impairment
At l April 2024
Depreciation charged in the year
13,844
2,961
33,788
6,627
47,632
9,588
At 31 March 2025
16,805
40,415
57,220
Carrying amount
At 31 March 2025
11,845
6,471
18,316
At 31 March 2024
14,807
13,097
27,904
11 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
355.728
15.912
127.110
422,953
65,898
124,052
498,750
612,903
21

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Operating lease commitments
Lessee
At the reporting end date the Company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
The charity expect to use the break clause next year. as It intends to purchase a head office buikling during
the next financial year.
2025
2024
Within one year
Between two and five years
In over live years
40.500
27.125
31,450
175,000
50,000
67,625
256,450
13 Other creditors falling due within one year
2025
2024
Trade creditors
Other creditors
Accruals and deferred income
84.328
12.845
385,836
175,748
12,057
812,459
483,009
1,000,264
14 Retirement benefit schemes
Defined contribution schemes
The Company operates a defined contribution pension scheme for all qualifying employees. The a55et5 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 £92,96012024- £61,932).
-22-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates=
For audit services
Audit of the financial statements of the company
20,000
15,000
For other services
All other non-audit services
17.500
19,000
The nature of the services provided during 2025 was payroll and financial statements preparation.
16 Unrestrirted fund5
The unrestricted funds of the charity comprise the unexpended balance5 of donations and grant5 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 unrestricted funds by the trustees for specific purposes.
At l April 2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
General funds
654,264
1,229,617
11,771,407)
813,197
925,671
Previous year:
At l April 2023
Incoming
sources
Resources
expended
Transfers At 31 March
2024
General funds
891.027
922.313
11.051,8601
1107,2161
654,264
-23-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specilic conditions by donors as to how they may be used.
At l April 2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
Service Level Agreements
Affordable Warmth Schemes
Household Support Funds
Sustainable Warmth
HUGS
Energy Fund
Other projects
62,506
18,1751
426,564
87,473
111.960
202.673
497.541
1,440,994
{124,9091
1537,3131
11,525,299)
1140,2701
145.722
34,820
{87,4731
1111,9601
32.112
1686.1481
97,775
377,079
20.792
1.278.111
120,7921
{769,7841
32,112
90,417
268,238
948.566
3,440.111
12.978,0971
1813.1971
597,383
Previous year:
At l April 2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Service Level Agreements
Affordable Warmth Schemes
Household Support Funds
Sustainable Warmth
HUGS2
Other Projects
137.880
291.484
1,760.600
132.560
447.685
989,322
175,3741
{299,6591
11.524,4591
145,0871
{335,7251
1906,9691
62,506
18,1751
426,564
87,473
111,960
268,238
190,423
78,669
107,216
269,092
3,759,531
13,187,273)
107,216
948,566
-24-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Restricted fund5
(Continued)
Unrestricted funds
These relate to the numerous local and regional service level agreements made with authorities aliJ)g
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 a
separate bank account.
Warm and Well in Warwickshire Home Improvement Pilot - Arranging home visits and assessments to
those within the geographical area whom meet eligibility 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 items for people in urgent need. It does
not provide cash. The HSF runs across Worcestershire, Warwickshire and Solihull.
Keeping Coventry Warm - a project run on behalf of Public Health and Coventry City Council to delmer
warmer homes for those diagnosed with a long-term health condition/dis3bility and on a low income.
Warm Homes West Midlands- delivering energy advice and support to residents across Birmingham.
The Black Country. Solihull. Coventry and Solihull.
Provision of Customer Journey Support to for the Midlands Net Zero Hub to support the delivery of the
Local Authority Delivery Scheme and the Home Upgrade Grants Scheme across the WMCA area,
Warwickshire, and Worcestershire.
18 Analysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current a55ets/lliabilitiesl
18,316
907,355
18,316
1,504,738
597.383
925,671
597,383
1,523,054
-25-

Acr ON ENERGY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Analysis of net assets between funds
(Continued)
Unrestricted
funds
2024
Restrirted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assets/lliabilitiesl
27,904
626,360
27,904
1,574,926
948.566
654,264
948,566
1,602,830
19 Cash generated from operations
2025
2024
IDelicitl/surpus for the year
{79.7761
442,711
Adjustments for=
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
{22.9171
9,588
{8,8201
6,996
Movements in working capital..
Decrease in debtors
114.153
1491.8501
169,617
1152,6891
(Decrease) in creditors
Cash (absorbed byl/generated from operations
1470,8021
457,815
-26-