Charfty reglstratlon number 1080137 (England and Wales)
Company registration number 03176917
ENERGY PROJECTS PLUS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ENERGY PROJECTS PLUS
towards a sustainable futur
• xeinadin

ENERGY PROJECTS PLUS LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
S L Thompson
D C A Colbourne
DAPye
LA Herwig
(Appointed 19 June 2025)
(Appointed 11 July 2025)
Secretary
DAPye
Senlor Managemant
P Owen
Chief Executive Officer
Charlty number (England and Wales)
1080137
Company number
03176917
Raglstered offlce
Wirral Environment Centre
Sandon Building
Falkland Road
Wirral
Merseyside
CH44 8ER
Audltor
Xeinadin Audit Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH415AR
Bankers
The Co-operalive Bank
1-3 Parker Street
Liverpool
Merseyside
L1 1DJ

ENERGY PROJECTS PLUS LIMITED
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditorfs report
8-10
Statement of financial activities
11
Balance sheet
12
Statement of cash flows
13
Notes to the financial statements
14-26

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statemenls for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the ¢harily's governing document, the Companies AGt 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe Charities SORP "Accounting
and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing th8ir accounts in
a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
Objectives and activities
Our charity's purposes as set out in the objects contained in the company's Memorandum of Association are the..
Education of the public about energy efficiancy and other anvironmental issuas
Promotion of energy efficiency
Alleviation of fuel poverty
Minimisalion of waste from electricity generating stations
The aims of our charity are to reduce carbon emissions and fuel poverty and to achieve associated health
improvements by providing advice, infomiation, training and fa¢ililating the inslallation of insulation, heating,
renewable technologies and other appropriate measures. Historically we have concentrated our activiiy wilhin the
counties of Cheshire and Merseyside, operating with an ethos of collaboration and partnership working.
Ensuring our work delivers our aims
We review our activities each year in line with our overall aims and objectives and periodically review those aims
and objectives. The annual review looks at what we have achieved and the outcomes of our work in the previous 12
months. It looks at the success of each key activity and the benefits each has brought to those groups of people we
are set up to help. In shaping our objectives for the year and planning our aclivilies, the management and Trustees
have considered the Charity Commission's guidance on public benefit including the guidance "Public benefit..
running a charity IP821"
The focus of our wo
Our main objectives for the year continued lo be the reduction in carbon emissions and fuel poverty together with
their associated health impacts. The methods we used to meet these objectives included..
Influencing local, regional and national policy and strategy through membership of steering groups,
information sharing and forums.
Working with partners including local authorities, registered housing providers, utilities, trusts and charilies,
private and third sector organisations to identify need, potential solutions and promote the range of support
available lo individuals and cornmunities to take action.
Undertake project management of programmes funded by local authorities, central government, charities
and trusts and other funders, including administration of funds to assist householders to improve the
insulation andlor heating of their homes. Many of these projects align directly to the increased recognition
of Ihe adverse health effects of fuel poverty and directly support the improvement in health and wellbeing of
people, Ihereby contributing lo the alleviation of fuel poverty and achievement of health improvement
targets.
Continuing to provide online, lelephone and fa¢e-to-fa¢e advi¢e to individual and groups, led by the Save
Energy Advice Service.
Public benefit
The trustees have paid due regard to guidan￿ issued by the Chatity Commission in deciding whal activities the
charity should undertake.
Activities
The principal activity of the charity was that of educating the public about energy efficiency and fuel poverty linked to
direct access to measures. Delivery of a range of energy efficiency related projects supported by telephone and
online advice through the Save Energy Advice Line and face lo face advice remained a cornerstone of our activities.

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢hievements and perfomiance
Significant activities and achievements againsl objectives
Our main activities and who we are trying to help are described below. All our activities achieve the objects of the
charity detailed previously and directly achieve public benefit by increasing knowledge and understanding, redu¢ing
fuel poverty and Ihe environmental effects of energy use as well as increasing health and wellbeing of vulnerable
people.
During the year lo 31 st March 2025 demand for our services increased significantly and our charity supported over
9,000 households, securing on behalf of Merseyside and Cheshire residents over £1.3m in grant funds and direct
savings on fuel bills as well as reduced carbon emissions through energy efficiency measures. Our programmes
that have achieved this valuable support include..
Delivery of the lo¢al freephone and online Save Energy Advice Line (SEAL), which was used as the singl8
point of ¢onlacl for all programm8s delivered by Energy Projects Plus throughout the year. SEAL provided
advice and support to households on energy efficiency, fuel poverty, tariffs, fuel bills, retrofit, and renewable
energy. This included acting as a conduit lo accessing replacement boilers, heating repairs, insulation
measures, heat pumps and simple measures such as LED lightbulbs together with financial support such
as fuel vouchers and fuel debt relief.
Community engagement and support is a key area of activity aimed at reaching those residents who would
benefil but do not actively request support. As part of this a¢livily, we continued delivery of projects such as
th8 British Gas En8rgy Trust funded Liverpool Affordable Warmth scheme, the Wirral Fuel Poverty and
Energy Efficiency Programme (funded by Wirral Council}, Energy Outreach Programme training and
community engagement scheme funded through Citizens Advice, Energy Redress funded scheme Warm
and Well, Affordable Warmth Wirral (funded by Burbo Bank Extension Community Fund), and various local
aulhority Household Support Fund schemes. We also continued delivery of the Cadent Foundation funded
project Warmth4Health.
During 2024-25 we further increased our delivery of LEAP (Agiliiy Eco Services, Local Energy Advice
Programme) across Merseyside and Cheshire. This programme offers home visits for advice and easy
measures to reduce energy use and fuel bills with additional access lo boiler replacement or rèpairs,
replacement while goods, and boiler servicing.
We su¢cessfully bid for 'Gamechangel' funding ihrough Wirral Public Health aimed al new interventions
that will create a shift in achievement against core issues they had identified, in our case. fuel poverty. 11
has enabled us to unlock direct relationships wilh primary care ne￿orkS and their services supporting
patients al risk of health effects of cold homes. We have created new information, training, and referral
paths that will directly benefit patients.
During 2024-25, our annual review, by Cilalion Iso Certification, reaffimied our ISO 9001 and ISO 14001
accredilations, thus demonstrating to polenlial funders and partners the quality and robustnèss of our charity and its
processes.
In addition to delivering projects aimed at achieving direct action by residents to reduce carbon emissions and
improve affordability of bills, our charity also engaged at senior level with decision makers aGr05s Ihe Liverpool City
Region and Cheshire. We maintained representative roles on the COOL Wrral Partnership {where our Chief
Executive held the role of Chair), the Liverpool City Region Climate Partnership and various affordable warmth
steering groups as well as continued attendance of national and regional consultation workshops. Our active
involvement is aimed at maintaining the profile of climate change, energy efficiency, and fuel poverty with key
decision makers, and leads to other programmes being developed which ultimately achieve di￿￿ support to
individuals across our area and beyond.
Flnanclal review
In reviewing the overall financial standing of the charity there was a net increase during the year in total assets of
£244,676. This resulted from a surplus of £123,924 on General Fund (2024 - Surplus £35,360) and a surplus of
£120,752 on restricted funds {2024
surplus £153,024). Building on the surplus in 2024 the surplus in 2025
indicates further increase in the scale of the charity's activities and financtal position.

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Going conc8m
After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the charity has
adequale resources to continue in operational existence for the foreseeable future. For this reason, il conlinues to
adopt the going concern basis in preparing the financial slatements. Further details regarding the adoption of the
going concern basis can be found in the Statement of Accounting Policies.
Reserves policy
The Trustees have examined th8 charity's requiremenl for reserves in the light of the main risks to the organisalion.
It has established a policy whereby the unrèstricted funds not Committed or invested in tangible fixed assets should
be equal lo at least 6 months combined expenditure on unreslrided and reslricted funding of Energy Projec15 Plus
aGlivity. Annual expenditure is projected at £1,012,000 for 2025-26 and Iherefore the Current target is for £506,000
in general funds after allowing for the net book value of fixed assets. Unrestricled funds at 31 March 2025 (after
excluding tangible fixed assets) are £611,200 and so exceed this target. The reserves are considered necessary lo
meet the working Capital requirements of the charity and meet the potential costs related to changes in lease terms
or ownership of the charity's main office and possible investment in alternative premises. The Trustees are confident
at the current lèvel of reserves that they are still able lo cover against such contingencies, continue the current
activities of the charity and, should projecled income streams reduce requiring restriction of activities, provide
sufficient time for this to happen.
Principal fvnding sources
During the year the charity maintained div8rse sources of funding. The conlinued investment by central and local
govemment in cost of living support seNices. including those deliv8red by Energy Proj8Cts Plus, and a one-off
programme funded through Nel Zero Hub, means that 340/0 of the charity's income was sourced through the public
sector. Other significant funders were British Gas Energy Trust, Energy Redress Scheme, and Cadent Foundaliori.
lnvestn￿ntp0IicY
The retention of funds ready for use in support of projects and compliance with the charity's reserve poli¢y means
that currently there are few funds for long or medium term investment. Having considered the options available, the
Trustees decided to continue lo invest the relatively small amount available in several short-term notice accounts
with building societ18s and similar 'not for profit financial institutions. This is to minimise over-exposure to risk by
having excessive funds invested with any one provider whilst still maximising investment return and complying with
our ethical investment policy.
Major risks
The Trustees have a duly to identify and review the risks to which the charity is expos8d and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
A full risk assessment procedure continues lo be repealed on an annual basis, led by the Finan￿ Manager, and
resultant system improvements continue to be instigated as part of an on-going process. These aim to mitigate any
significant business or operational risk. The Trustees will Continue lo review all risk assessments on an annual basis
and believe that maintaining an adequate level of reserves combined with an annual review of the controls over key
financial and operational systems will provide sufficient resources lo enable the charity to continue to operate
through adverse conditions if needed.
Attention has also been focused on non-financial risks under guidance of the Company Secretary, David Pye, on
areas such as IT and cyber security, and the Chief Executive on staffing policies and issues, fire risks and hearth
and safely.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in
place to mitigate exposure to the major risks.

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future period$
The consislenl high level of fuel prices and the increasingly urgent issue of climate change means delivery of our
services and awareness raising remain a high priority.
The cost of fuel continues lo drive demand for support in reducing bi115 and seeking financial support, but within th8
cont8Xt of people struggling to meet daily needs it remains equally important to the ¢harity to deliver action lo
address the climate crisis. This remains firmly within the plans of our charity through maintaining focus on retrofit
programmes and the importance ofadvice and support to make sense of a continually fragmènted sector.
Whole house retrofit and whole lifestyle approaches to tackling the climate crisis and fuel povety remain our goal
for acceleratin9 take up of measures and other action.
We have been su¢¢essful in our applicalion lo the Pfizer UK Climate Action Programme delivered by the School for
Social Entrepreneurs, which from March 2025 supported our Chief Executive lo receive training and engage with
similar environmental organisalions over a 7-month programme aimed at sharing knowledge and experience with
peers, and strengthening resilience. sustainability and strategic planning of our charity.
The Close link between cold homes and health, together with the impending impacts of climate change, particularly
on vulnerable people, has enabled Energy Projects Plus to forge new and stronger relationships with the formal
health sector. We have secured funding to work with the health sector to more dire¢lly link health seNices
supporting at-risk population with the retrofit and advice support available from our charity. This is a long-standing
investment that is starting to bear fruit and will need lo be nurtured as it expands further across the various health
organisations.
The clear co-benefits to health and well-being and environmental improvements will continue to be a driver for our
activity over the next few years. There is a recognition of the necessity to invest time, expertise and resource to
develop programmes that align the needs of the health sector, those of patients. and the sustainability agenda with
the aim of achieving future-proofed homes (in both the new-build and existing housing stock> that are fit for purpose
both now and for decades to come.
Progress on allernalive premises for the charity will need to be accelerated, still with the aim of exemplar
environmental performance. We will continue our dialogue with potential partners and property owners to realise
Ihis goal.
2025-26 will see the opportunity to secure new programmes whilst some existing programmes will reach their
contracted end. We will invest in community level programme$ aimed at achieving our renewed focus on people
and the outcomes achieved on their behalf.
We will also continue to recfult new Trustees and align our governance and reporting to the forthcoming changes to
Charity Commission requirements.
Structure, governance and management
The charity is controlled by its governing document, a deed of Irust, and conslitules a limited ¢ompany, limited by
guarantee as defined by the CompaniesAct 2006.
The company was incorporated on 25 March 1996 and registered as a charity on 30 March 2000. The company
was established under a Memorandum of Association which established the objects and powers of the ¢haritable
company and is governed under its Articles of Association.
In the event ofthe company being wound up members are required to contribute an amount not exceeding £1.
The trustees, who are also the directors for the purpose of company law, and who seNed during the year and up to
the date of signature of the financial statements were..
A L Hughes
(Resigned 11 July 2025)
S L Thompson
D C A Colbourne
DAPye
LA Herwig
(Appoinled 19 June 2025)
(Appointed 11 July 2025)

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Racmitment and appointment of tmstegs
The directors of the company are also charity Trustee5 for the purposes of charity law. Under the requirements of
the Memorandum and Articles of Association the Trustees are elected to serve for a period of three years after
which they must be re-elected at the next Annual General meeting. The Trustee due lo retire by rotation will be as
per the members, AGM notification.
The Board has th8 power lo appoint additional Trustees as it considers fit. The Board continues to seek to appoint
further additional Trustees in ordèr to widen the Board's overall breadth of experience. Such appointments would
then be subject to confirmation at the AGM following.
All Trustees gave their time as Trustees voluntarily and received no benefits or expense payments in connection
with that work.
Qrganisational structur8
The charily is organised so that the Trustees should meet quarterly to manage its affairs. The full-lime Chief
Executive reports to and consults with the Trustees regularly in be￿een those meetings. He is assisted in the day
to day administration of the charity and successful delivery of projects and events by a management team made up
of individual department heads who meet together formally bettvèen Trustee meetings and informally as required.
Induction and training of trustees
All existing Trustees had pre-existing knowledge of Energy Projects Plus and its activities and, as part of their
appointment as Trustees, were givén an induction by the Company Secretary in their role as a Truste8 including
legal obligations under charity and company law, the ¢onlent of the Memorandum and Articles of Association,
current business plan and recent financial performance. Opportuniiy has been taken at Trustee meetings to update
on subsequent issues such as Charity Commission guidance on public benefit and Trustèes are able to attend
appropriate external training as this arises. Any future Trustee without pre-existing involvement with Energy Projects
Plus would in addition receive a full induction in the organisation and its activities.
Remuneration policy
The Trustees consider the senior management team comprises the key personnel of Ihe charity in charge of
controlling, running and operating the charity on a day lo day basis.
The pay of the Senior staff is reviewed annually and any increase does not exceed the average increase awarded lo
all staff. All the Trustees give all of their time freely and Trustees received no remuneralion in the year to 31 March
2025.
Any connection between a Trustee or senior manager of the charity and any individual or organisation with which
partnership working of any kind is proposed must be disclosed to the Board of Trustees. In the ¢urrent year no such
related party transactions were reported.
At the same time Energy Projects Plus wishes lo acknowledge its long-standing relationship with Wirral
Environmental Netwofk, an entirely separate charity wilh which it shares premises and co-operates in provision of
services.
Auditor
In accordan￿ with the company's arti¢les, a resolution proposing that Xeinadin Audit Limited b8 reappointed as
auditor of the Company will be put at a General Meeting.

ENERGY PROJECTS PLUS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Disclosure of inforniation 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 thal they have takèn appropriate steps to
identify such relevant information and lo establish that the auditor is aware of such information.
The Irustees, report was approved by the 8oard of Trustees.
C A Colbourne
Trustse
Dat8..
q/i.Llz{.......

ENERGY PROJECTS PLUS LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors of Energy Projects Plus Limited for the purpose of company law, are
responsible for preparing the Truslees, Report and Ihe financial statements in accordance wilh appli¢able law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢ounting Praclicel.
Company law requires the trustees to prepare financial slatemènts for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for thal year.
In preparing these financial statements, the Irusle8s are required to..
select suitable accounting policies and then apply them consisten*ly',
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, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operalion.
The trustees are responsible for keeping adequate accounting records that disclose wilh reasonable accuracy al
any lime the financial position of the charity 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 Charity and hence for taking
reasonable Steps for the prevention and detection of fraud and other irregularities.

ENERGY PROJECTS PLUS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ENERGY PROJECTS PLUS LIMITED
Opinion
We have audited the financial statements of Energy Projects Plus Limited (the 'charity') 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 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 Financial Roporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting PractiC81.
In our opinion, the financial statements..
give a true and fair view of the slate 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 accordanc8 With United Kingdom Generally Accepted Accounting Practice..
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We Conducted our audit in accordance wilh Inlemalional Standards on Auditing (UK) IISAS (UK)} and applicable
law. Our responsibilities under those slandards are further described in the Auditoffs responsibilities for the audit of
the financial statgments section of our report. We are independent of the charily in accordance with the ethical
requirements that are relevant to our audit of Ihe financial statements in the UK, including the FRC'S Ethical
Slandard, 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 appropriat8 to provide a basis for our opinion,
Conclu8lon8 relatlng to golng con¢ern
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 slalements is appropriale.
Based on the work we have performed, w8 have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going
concern for a period of al least twelve months from when the financial statements are authoris8d for issue.
Our responsibilities and the responsibilities of the truslees with respect lo going concern are described in the
relevant sections of this report.
Other Infomiation
The other information comprises the informalion included in the annual report other than the financial statements
and our audilorfs report Ihereon. The trustees are responsible for Ihe olher information contained wrthin the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is lo read the other information and, in doing so, consider whether the olher information is materially
inconsistent with Ihe 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 material 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 ¢onciude that there is a material misstalement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Oplnlons 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
financial stalements: and
the directors, report included within the trustees, report has been prepared in accordance with appIl￿ble legal
requirements.

ENERGY PROJECTS PLUS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ENERGY PROJECTS PLUS LIMITED
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and ils environment obtained in the course of the
audit, we have not identified rnaterial 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 ac¢ounting records have not been kept, or returns adequate for our audit have not been received
from branches nol visited by us,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain dis¢losures 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 Iruslees were not entitled to prepare the financial statements in accordance with the small companies
regime and lake advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement lo prepare a slrategic report.
Rosponslbllllle$ of tru8ts08
As explained more fully in Ihe statement of trustees, responsibilities, the trustees, who are also the directors of the
charity 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 io
enable the preparation of financial statements that are free from malerial misstatement, whether due to fraud or
error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concem and using the going
concern basis of a¢¢ounting unless the trustees either intend to liquidate the charitable company or lo Cease
operations, or have no realistic alternative but lo do so,
Audltorfs re$pon$lbllltle8 for the audlt of the financlal statements
Our objectives are to obtain ￿asonable 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'5 report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee thal an audil ¢onducted in accordanc8
with ISAS (UK) will always detect a material misstatement when it exists. Misstatemenls can arise from fraud or
error and a￿ considered material if, individually or in the aggregate, they could reasonably be expected to influence
Ihe economic decisions of users taken on the basis of these financial statements.
The extent to which our prO￿dureS a￿ Capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the rlsks of material misstatement in respect of irregularilies, induding
fraud and non-compliance with laws and regLtlalions, was as follows..
the engagement partner ensured Ihal Ihe engagement team collectively had the appropriale competence,
¢apabililies and skills lo identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable to the charity through discussions with trustees and other
management, and from our knowledge and experien￿ of Gharity sector.,
we focused on specific laws and regulations which we considered may have a direct matérial effect on the
financial statements or the operations of the charity, including the Companies Act 2006. Charities Act 2011,
data protection, anli-bribery, employment and health and safety legislation.,
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management team and inspecting legal correspondence., and identifiéd laws and regulations
were communicated within the audit team regularly and the team remained alert to instances of non-
compliance throughout the audit.

ENERGY PROJECTS PLUS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ENERGY PROJECTS PLUS LIMITED
We assessed Ihe susceptibility of the charity's financial statements to material misstatement, including oblaining an
understanding of how fraud might occur, by..
making enquiries of management team as lo where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud,. and
¢onsidering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and
regulalions.
To address th8 risk of fraud through managemenl bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships..
tested journal entries to identify unusual Iransaclions.,
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias,. and
investigated Ihe ralionale behind significant or unusual transactions.
In response lo the risk of irregularities and non-compliance wilh laws and regulations, we design8d procedures
which included, but W8re not limited to..
agreeing financial statement disdosures to underlying supporting documentation;
enquiring of management as lo actual and potential litigation and claims., and
reviewing ¢orresponden¢e wilh HMRC and relevant regulators.
There are inherent limilations in our audil procedurès dès¢ribed abové. The more removed that laws and
regulations are from financial transactions. the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due lo fraud can be harder to detect than those that arise from error as they may
involve deliberate concealm8nl or collusion.
A further description of our r8sponsibilitl8s is available on the FinancAal Reporting Council's website at.. https'.11
www.frc.org.ukjauditorsresponsibilities. This descriplion forms part of our audilorfs report.
Use of our report
This report is made solely lo the charilab18 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 slate to them in an auditor's report and for no other purpose. To the
fullesl extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Helen Furlong FCCA (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Slalulory Auditor
Chartered Accountants
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH415AR
Date..
..1.9.. 1.7.. 1
10

ENERGY PROJECTS PLUS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Rastrlcted
funds
funds
2025
2025
Total Unre$tri¢ted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Notes
Income and endowments from:
Donations and legacies
Charitable aclivili8s
Investments
Other income
80
463,180
5,841
191
80
782,012 1,245,192
5,841
191
3,350
265,189
5,943
234
3,350
771,030 1,036,219
5,943
234
Total Income
469,292
782,012 1,251.304
274,716
771.030 1,045,746
Expendltur8 on:
Raising fijnds
Charitab18 activities
13,835
331,533
13,835
992.793
13,440
225,916
13,440
843,922
661,280
618.006
Total expendlture
345,368
661,280 1,006,628
239,356
618,006
857,362
Net income
123,924
120,752
244,676
35,360
153,024
188,384
Transfers between
funds
41,062
(41,062)
Net movement In
funds
10
164,986
79,690
244,676
35,360
153,024
188,384
Re¢onclllatlon of fund3:
Fund balances at 1 April 2024
447,247
256,818
704,065
411,887
103,794
515,681
Fund balan¢e$ at 31 March
2025
612,233
336,508
948,741
447,247
256,818
704,065
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditur8
derive from continuing activities.
11

ENERGY PROJECTS PLUS LIMITED
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
14
1,033
1,444
Current assets
Debtors
Cash at bank and in hand
15
339,948
687,550
358,071
460,444
1,027,498
818,515
Creditors: amounts fallSng due wlthln
one year
16
(79,790}
(115,894)
Not Current assets
947,708
702,621
Total assets less current Ilabllitles
948,741
704,065
The funds of the charity
Reslrided income funds
Unrestricted funds
19
20
336,508
612,233
256,818
447,247
948,741
704,065
The financial statements were approved by the trustees on
D C A Colbourne
Trustse
Company registration number 03176917 {England and Wales)
12-

ENERGY PROJECTS PLUS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activitles
Cash generated froml(absorbed by)
operations
24
221,265
(98,472)
Investlng actlvltles
Purchase of tangible fixed assets
Investment income received
{660)
5,943
5,841
Not ¢a8h generated from Investlng actlvltie8
5,841
5,283
Net cash generated from flnan¢lng actlvlties
Net In¢reasel{docreasal In ca8h and cash
equlvalents
227,106
193,189)
Cash and cash equivalents al beginning of year
460,444
553,633
Cash and cash equivalents at end of year
687,550
460,444
13

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Charity informatlon
Energy Projects Plus Limiled is a private company limited by guarantee incorporated in England and Wales.
The registered office is Wirral Environment Centre, Sandon Building, Falkland Road, Wirral, Merseyside.
CH44 8ER.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Finan¢ial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102}" The charity is a Publi¢ Benefil Entily as defined by
FRS 102.
The financial statemen15 are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in thése financial statements are rounded lo the nearest £.
The financial statements have been prepared under Ihe historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
Al the lime of approving the financial statements, the truslees have a reasonable expectation that the charity
has adequate resources lo 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 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their Charilable
objectives.
Restricted funds are subject lo specific conditions by donors or granlors 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.
1.4 In¢omo
Income is recognised when the charily is legally entitled to il after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the arnounl. Income lax recoverable in
relation lo donations received under Gift Aid or deeds of ¢ovenant is recognised at the lime of the donation.
Income from charitable activities includes income received under contract or where entitlement to the grant
funding is subject to performance conditions. Income is recognised in the Statement of Financial Activities
when the related services have been provided, income received in advance of those services being provided
15 deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charily. This is normally on notification of the interest paid or payable by the bank.
14-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
l.S Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to
third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct ¢osts and
shared costs, including support cosls involved in undertaking each activity. Dire¢t ¢osls attr5butable lo a single
activity are allocated directly to that activity. Shared ¢osls which Contribute to more than one activity and
support costs which are not attributsble lo a single activity are apportioned between those activities on a basis
consislenl with the use of resources. Central slaff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Raising funds indudes all expenditure incurred by the charity to raise funds for ils charitable purposes and
in¢ludes costs of all fundraising activities, events and non-charitable activities.
Liabilities are r8cognis8d as expenditur8 as soon as th8r8 is a legal or constructive obligation committing the
charity lo that expenditure, it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been Classified under headings that aggregate all cost related to the category. Where Costs cannot be
directly attributed to particular headings Ihey have been allocated to activities on a basis Consistent with the
use of resourc8S.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs are those that assisl the work of the charity bul are not directly attributable to the charilable
activities. Support cosls include office costs, administrative payroll costs and governance costs which support
th8 charity's activities.
Governance costs represent costs associated with meeting the constitutional and statutory requiremenls of
the charity and include the audit fees and costs linked to the strategic management of the charity.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured al 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..
Fixtures and fittings
Computers
Office equipment
150h straight line on cost
25°h straight line on cost
209/9 Straight line on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale pro¢eeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrnient of flxed assets
At each reporting end dale, the charity reviews the carying amounts of its tangible assets to delemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of the asset is estimaled in order to determine Ihe extent of the impaiment
loss (if any).
15-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Continuedl
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instrum8nls' and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instnjments.
Financial inslrumenls are recognised in Ihe charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial stalemenls, 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 lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transa￿lOn price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitute5 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.
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction 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 markel rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt inslruments 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 ¢lassified a$ current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is récognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide lermination benefi15.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
16-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimatss and Judgements
In the application of the charity's accounting policies, thè trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabililies that are not readily apparènt from other
sources. The estimates and associated assumptions are based on historical experi8nce and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestricted Unrestrictsd
funds
funds
2025
2024
Donations and gifts
80
3,350
Income from charitable actlvltles
Unrestrlcted Rostrlcted
funds
funds
2025
202S
Total Unrestrlcted Re8trlcted
funds
funds
2024
2024
Totsl
2025
2024
Charftsble actlvltles
Energy efficiency advice
Local authorities service
level agreemenls
Olher funders
152,625
315,239
467,864
240,695
240,695
46,161
264,394
192,388
274,385
238,549
538,779
69,686
195,503
318,473
211,862
388,159
407,365
463,180
782,012 1,245,192
265,189
771,030 1,036,219
Income from Invastments
Unrestricted Unrestricted
funds
funds
202S
2024
Inlerest receivable
5,841
5,943
17-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other income
Unrestricted Unrestri¢ted
funds
funds
2025
2024
Other income
191
234
Expenditure on ralslng funds
Unrestricted Unrestrl¢tsd
funds
fund$
202S
2024
Fundralslng and publlclty
Staff costs
13,835
13,440
18-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on ¢haritabla actlvltles
Charltable
activities
2025
Charitsble
actIvI￿e9
2024
Dlrect costs
Staff costs
Depreciation and impairment
Rent and rates
Insurances
Telephone
Advertising and stationary
Sundries
Motor and travel
Repairs and maintenance
Consultancy
Householder grants
Irrecoverable VAT
595,337
411
17,736
4,679
11,257
8,181
19.965
28,289
4.866
12,380
100,958
5,746
444,591
888
17,543
3,975
7,355
21,484
24,536
20.401
1,047
17,166
149,137
5,710
807,805
713,833
Share of support and governance costs (see nots 9)
Support
Governance
173,855
11,133
119,791
10,298
992,793
843,922
Analysls by fund
Unrestricted funds
Restricted funds
331,533
661,260
225,916
618,008
992,793
843,922
Support costs allocated to activities
2025
2024
Staff cosls
Bank charges
Computer expenses
Consultancy
Governance costs
55,423
999
9,676
107,757
11,133
46,330
885
20,934
51,642
10,298
184,988
130,089
Analysed between:
Charilable activities
184,988
130,089
19-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
(Continued)
2025
2024
Govemance costs comprise:
Audit fees
Legal and professional
5,425
5,708
5,300
4,998
11,133
10,298
10 Net movément In fund8
2025
2024
The nel movement in funds is stated after chargingl(creditingl'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
5,425
411
5,300
888
11 Trustses
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
12 Employee8
The average monthly number of employees during the year was..
2025
Number
2024
Number
31
25
Employrnent costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
603,557
47,834
13,204
464,355
30,428
9,578
664,595
504,361
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key managernent personnel
The remuneration of key management personnel was as follows..
2025
2024
Aggregate compensation
78,918
67,702
-20-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
(Continued)
The key management personnel of the charity comprise of the Chief Executive, Finance Manager and IT
Technician.
13 Taxatlon
The charily is exempt from laxation on its activities because all its income is applied for charitable purposes.
14 Tanglble fixed assets
Flxturm Ind
Ilttlngs
Computers
Offlc•
•quSpm•nt
Total
Cost
At 1 April 2024
11,637
18,005
24,758
54,398
At 31 March 2025
11,637
18,005
24,756
54,398
Depreclatlon and Impairment
At 1 April 2024
Depreciation charged in the year
11,613
16,970
302
24,371
109
52,954
411
At 31 March 2025
11,613
17,272
24,480
53,365
Carrylng amount
At 31 March 2025
24
733
276
1,033
At 31 March 2024
24
1,035
385
1,444
15 Debtors
2025
2024
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
70,870
262,168
6,910
50,754
299,195
8,122
339,948
358,071
21

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Creditors: amounts falling due within one year
2025
2024
Notes
Other taxation and social security
Deferred income
Trade creditors
other creditors
Accruals
28,353
2,500
5,089
3,573
40,275
20,019
47,950
6,229
2,778
38,918
17
79,790
115,894
17 Deferred Income
2025
2024
Other deferred income
2,500
47,950
Deferred income is included in the financial statements as follows..
2025
2024
Deferred income is induded within..
Current liabilities
2,500
47,950
Movements in the year..
Deferred in¢ome at 1 April 2024
Released from previous periods
Resources deferred in the year
47,950
147,950)
2,500
125,265
(125,265)
47,950
Deferred income at 31 March 2025
2,500
47,950
18 Re￿rement beneflt schemes
2025
2024
Defined contribution schemes
Charge to profil or loss in respect of defined contribution schemes
13,204
9,578
Thè charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separalely from those of the charity in an independently administered fund.
22-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restrictsd funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as lo how they may be used.
At 1 April
2024
In¢omlng
resources
Resources
expended
Transfers At 31 March
2025
Prize money & olh8r funds
Health Through Warmth
Wirral- Warm Homes, HMRI
et¢
Halton - HEARTH & Energy
Zone project
Sefton- SEARCH, SEARCH+
Cosy Homes etc
Cheshire Easl Cashbacks
BGET - Liverpool Affordab18
Warmth
EST & Local Authorily - Fuel
Voucher Schemes
Cadenl Foundation
LEAD
Energy Outreach
3,795
16,980
3,795
14,087
12,893)
114,078
251,052
{204,121)
161,009
17,325
10,391
(11,202)
16,514
31,546
11,295
70,500
(36,268)
65,778
11,295
14,129
128,035
(127,165)
14,999
1,599
5,009
1446)
(103,480}
(175,684)
1,153
47,879
146,350
175,684
41,062
{41 ,062)
256,818
782,012
1661.2601
{41,062)
336,508
Prevlous year:
At 1 Aprll
2023
Incomlng Resources
resources
oxpended
Transfers At 31 March
2024
Prize money & other funds
Health Through Warmth
Wirral - Warm Homes, HMRI
etc
Halton - HEARTH & Energy
Zone project
Sefton - SEARCH, SEARCH+
Cosy Homes et¢
Cheshire East Cashba¢ks
BGET- Liverpool Affordable
Wamth
EST & Local Authority- Fuel
Voucher Schemes
Cadent Foundation
LEAD
Energy Outreach
3,795
19,177
3,795
16,980
(2,197)
16,007
386.156
(288,0851
114,078
9,118
23,475
(15.268)
17,325
39,664
11,295
79,854
(87.972)
31,546
11,295
101,386
(87,257)
14,129
4,738
84
25,850
112,111
42,114
(3,223)
120,841)
(112,111)
(1,052)
1,599
5,009
41,062
103,794
771,030
(618,0061
256,818
-23-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restri¢ted funds
(Continued)
Prize mone
& other funds
Comprising funds lo promote energy efficiency across Che5hire,' funds to support the organisation of the
North We51 Association of Local Energy Officer5 {ALEONW)', donations lo general funds to promote fuel
poverty support.
ower Health Throu
h Wamith
Comprising funds to support the installation of heating measures in the homes of vulnerable people across
Merseyside.
Wirral - Warm Homes HMRI et
Comprising funds to support thè installation of heating and insulalion measures in Ihe homes of vulnerable
peopl8 across Wirral.
Halton HEARTH & Ener
Zone
ro
ects
Comprising funds to support the installation of heating and insulation measures in the homes of vulnerable
people across Hallon.
Sefton - SEARCH &SEARCH+ Cos
Homes etc
Comprising funds to provide advice, and support the installation of heating and insulation measures, across
Sefton.
Cheshire East Cashbacks
Cornprising funds lo support the installation of healing measures in the homes of vulnerable people across
Cheshire East.
Ene
Outreach Pro
ect
EOP
Comprising funds lo deliver community adwce sessions, and training and support to front-liné work8rs across
North Wesl England.
BGET. Llvèr
ool Affordable Wam)th
Comprising funds to provide advice and support, including fuel debt and tariff advice, to vulnerable people
across Liverpool City {partl funded by the British Gas Energy Trust.
EST & Local Authori
Fuel Voucher Schemes
Comprising funds to allow residenls to receive fuel vouchers by text or email across the Merseyside and
Cheshire region.
Cadent Foundatlon - Warnith4Health
Comprising funds to provide advice and support to residents a¢ross Merseyside and Cheshir8 Wlth
particular focus on the health impacts of damp and mould within the home.
DESNZ Lo¢
IEne
Advlce Demonstrator
LEAD
Retroflt Buddies
Comprising funds to provide advice and hand-holding to residents across Merseyside and Cheshire wanting
lo proceed with retrofit measures and developing better understanding of the Options to install improvement
measures.
-24-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Unrestrictsd funds
The unrestricted funds of the ¢harily comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designaled funds which have been set aside out of unrestricted funds by the Iruslees for specific purposes.
At 1 April
2024
Incoming Resources
resources
expended
Transfers At 31 Mar¢h
2025
General funds
447,247
469,292
(345,368)
41,062
612,233
Provlous year".
At 1 Aprll
2023
Incomlng Resources
resources
expended
Transfors At 31 Mar¢h
2024
General funds
411,887
274,716
{239,356)
447,247
21 Analy$l$ of net assets betr￿08n fund8
Unrestrlcted
funds
2025
Restrlcted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl(liabilities)
1,033
611,200
1,033
947,708
336,508
612,233
336,508
948,741
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Totsl
2024
At 31 March 2024:
Tangible assels
Current assetsl(liabilities)
1,444
445,803
1.444
702,621
256,818
447,247
256,818
704,065
-25-

ENERGY PROJECTS PLUS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Operating lease commitments
Lessee
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows.
2025
2024
Wilhin one year
Belween tsvo and five years
1,931
2,575
1,931
1,931
4,506
23 Relatod party transactlon$
Ther8 were no disclosable relat@d party transactions during the year12024 - none).
24 Cash generated fromllabsorbed by) operatlons
202S
2024
Surplus for Ihe year
244,676
188.384
Adjustments for:
Inv8Stm@nt income recognised in slatemenl of financial activities
Depreciation and impairment of tangible fixed assets
15,8411
411
{5,9431
888
Movements Sn worklng capltal:
Decrease/lincrease} in debtors
Increasel{decreasel in creditors
(Decrease} in deferred income
18,123
9,346
(45,450)
1190,3341
(14,1521
(77,3151
Cash generated froml{absorbed by) operatlon$
221.265
(98,4721
25 Analysls of changes In net funds
The Charity had no material debt during the y8ar.
26-