Company registration number: 04257637 Charity registration number: 1091513
Nottingham Energy Partnership
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2021
Community Accounting Plus Units 1 & 2 North West Talbot Street Nottingham NG1 5GL
Nottingham Energy Partnership
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 to 9 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 to 21 |
Nottingham Energy Partnership
Reference and Administrative Details
Trustees Councillor Dave Liversidge Councillor John Hartshorne Ashley Baxter Julian Marsh Alexander Foster Dr Robin Wilson Paul Collins Secretary Philip Angus Senior Management Team Philip Angus, Chief Executive Miranda Cumberbatch, Affordable Warmth Programme Manager Principal Office Queens Walk Community Centre Queens Walk Nottingham NG2 2DF Company Registration Number 04257637 Charity Registration Number 1091513 Bankers NatWest 16 South Parade Nottingham NG1 2JX Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West Talbot Street Nottingham NG1 5GL
Page 1
Nottingham Energy Partnership
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 23/7/2001. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
Trustees are appointed, as representatives of the Local Authorities that we serve, of Higher Educational Establishments, and for professional expertise - appointed by organisations or direct approach. There is no maximum and the minimum number is three.
Relationships with related parties
NEP Energy Services Ltd
The charity owns 100% of the issued share capital of NEP Energy Services Limited, company number 06542138. This company was formed as the trading subsidiary of the charity.
Objectives and activities
Objects and aims
NEP's aims are to advance the education of the public concerning energy efficiency including the alleviation of fuel poverty, and protect the environment and public health through the provision and use of energy in ways that reduce harmful emissions and in so doing create new jobs in the energy efficiency sector.
Objectives, strategies and activities
Referral systems for energy efficiency, heating measures, fuel vouchers and energy advice for vulnerable clients. Support for installing measures, sourcing grants and project managing grant aided projects.
Public benefit
Warm, dry homes improve health. Energy efficiency reduces fuel bills, energy bills for clients and carbon dioxide emissions and renewables generate fossil fuel free energy.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Nottingham Energy Partnership
Trustees' Report
Achievements and performance
Referral systems for energy efficiency, heating measures, fuel vouchers and energy advice for vulnerable clients; fuel vouchers for 400 households through the Covid Winter Grant Service.
Front line training and community workshops through Healthy Housing resulting in a Financial Benefit for clients of £224,672, average savings of £227.36 (1882 clients, Nottinghamshire), 2593 services provided.
Warm Homes Hub - partnership project with Age Concern, Nottinghamshire County Council, Nottingham City Council and EON targeting vulnerable customers who are off the Gas Grid and therefore paying more for their heating. Total financial benefit for clients of £ £585,495, average savings of £494 (1185 clients, Nottinghamshire, Nottingham), and 2375 services provided.
East Midlands Affordable Warmth funded by Western Power Distribution, led by NEP with partners across the East Midlands. Total financial benefit for clients of £2,317,890.75, average savings of £599 (3866 clients, mainly Nottinghamshire, Leicestershire), 7,496 services provided.
Financial review
For the first time in many years NEP has made a surplus. This is due to successful bids for new energy efficiency initiatives.
Policy on reserves
NEP aims to have 6 months operating costs in reserves. The level of reserves throughout the period was maintained above this level.
Principal risks and uncertainties
Income
As always we are dependent on winning bids since we hardly ever receive charitable gifted funding.
Plans for future periods
Aims and key objectives for future periods
NEP's aims are “to advance the education of the public concerning energy efficiency including the alleviation of fuel poverty, and to protect the environment and public health through the provision and use of energy in ways that reduce harmful emissions and in so doing create new jobs in the energy efficiency sector”
Activities planned to achieve aims
NEP activities include
• referral systems for energy efficiency, heating measures, fuel vouchers and energy advice for vulnerable clients;
-
Community events, training workshops regarding energy in the home and energy switching;
-
Front line training and community workshops;
• Partnership projects to assist in the delivery of the Green Homes Grant Local Authority Delivery scheme and the Lottery funded Green Meadows project;
-
Research and consultancy e.g. Learn Academy Trust;
-
Energy Performance Certificates and Display Energy Certificates;
-
Project based work to install insulation and renewables technology.
Page 3
Nottingham Energy Partnership
Trustees' Report
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Nottingham Energy Partnership for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Councillor Dave Liversidge Trustee
Page 4
Nottingham Energy Partnership
Independent Examiner's Report to the trustees of Nottingham Energy Partnership
Independent examiner’s report to the trustees of Nottingham Energy Partnership ('the Company') I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
John O'Brien MSc, FCCA, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West Talbot Street Nottingham NG1 5GL
Date:.............................
Page 5
Nottingham Energy Partnership
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total Income Expenditure on: Charitable activities 6 Total Expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted funds £ 523,044 45,193 10,075 578,312 (420,607) (420,607) 157,705 157,705 516,799 674,504 |
Restricted funds £ - 318,129 - 318,129 (218,801) (218,801) 99,328 99,328 32,157 131,485 |
Total 2021 £ 523,044 363,322 10,075 896,441 (639,408) (639,408) 257,033 257,033 548,956 805,989 |
Total 2020 £ 276,247 41,210 30,444 |
|---|---|---|---|---|
| 347,901 | ||||
| (446,370) | ||||
| (446,370) | ||||
| (98,469) | ||||
| (98,469) 647,425 |
||||
| 548,956 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 19.
Page 6
Nottingham Energy Partnership
Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 19 |
Unrestricted funds £ 276,247 17,210 30,444 323,901 (422,431) (422,431) (98,530) (98,530) 615,329 516,799 |
Restricted funds £ - 24,000 - 24,000 (23,939) (23,939) 61 61 32,096 32,157 |
Total 2020 £ 276,247 41,210 30,444 |
|---|---|---|---|
| 347,901 | |||
| (446,370) | |||
| (446,370) | |||
| (98,469) | |||
| (98,469) 647,425 |
|||
| 548,956 |
Page 7
Nottingham Energy Partnership
(Registration number: 04257637) Balance Sheet as at 31 March 2021
| Note Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 14 Investments 15 Cash at bank and in hand Creditors: Amounts falling due within one year 16 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 17 Net assets Funds of the charity: Restricted income funds Restricted funds 19 Unrestricted income funds Unrestricted funds Total funds 19 |
2021 £ 8,490 1 8,491 209,858 500,000 447,609 1,157,467 (34,969) 1,122,498 1,130,989 (325,000) 805,989 131,485 674,504 805,989 |
Restated 2020 £ 6,483 1 |
|---|---|---|
| 6,484 | ||
| 238,802 500,000 168,258 |
||
| 907,060 (39,588) |
||
| 867,472 | ||
| 873,956 (325,000) |
||
| 548,956 | ||
| 32,157 516,799 |
||
| 548,956 |
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Page 8
Nottingham Energy Partnership
(Registration number: 04257637) Balance Sheet as at 31 March 2021
The financial statements on pages 6 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Councillor Dave Liversidge Trustee
Page 9
Nottingham Energy Partnership
Statement of Cash Flows for the Year Ended 31 March 2021
| Note Cash flows from operating activities Net cash income/(expenditure) Adjustments to cash flows from non-cash items Depreciation Investment income 5 Working capital adjustments Decrease/(increase) in debtors 14 (Decrease)/increase in creditors 16 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 5 Purchase of tangible fixed assets 12 Net cash flows from investing activities Cash flows from financing activities Repayment of loans and borrowings 16 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Reconciliation of net cash flow to movement in net funds Increase/(decrease) in cash Cash outflow from repayment of loans Change in net funds/(debt) resulting from cash flows Net funds at 1 April 2020 Net funds at 31 March 2021 |
2021 £ 257,033 6,844 (10,075) 253,802 28,944 (4,619) 278,127 10,075 (8,851) 1,224 - 279,351 168,258 447,609 279,351 - 279,351 168,258 447,609 |
2020 £ (98,469) 6,798 (30,444) |
|---|---|---|
| (122,115) (124,228) 5,719 |
||
| (240,624) | ||
| 30,444 (6,799) |
||
| 23,645 50,000 |
||
| (166,979) 335,237 |
||
| 168,258 | ||
| (166,979) 50,000 |
||
| (116,979) 335,237 |
||
| 218,258 |
All of the cash flows are derived from continuing operations during the above two periods.
Page 10
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Nottingham Energy Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 11
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing over £500 are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Furniture and equipment | 25% Straight line |
| Computer equipment | 33% Straight line |
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Current asset investments
Current asset investments are included at the lower of cost and net realisable value / market value.
Page 12
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
Page 13
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Grants, including capital grants; Grants from other charities Grants from companies |
Unrestricted funds General £ 4,834 13,030 505,180 523,044 |
Total 2021 £ 4,834 13,030 505,180 523,044 |
Total 2020 £ - - 276,247 |
|---|---|---|---|
| 276,247 |
3 Income from charitable activities
| Grants & contracts Sales & fees Sundry income |
Unrestricted funds General £ - 43,815 1,378 45,193 |
Restricted funds £ 318,129 - - 318,129 |
Total 2021 £ 318,129 43,815 1,378 363,322 |
Total 2020 £ 24,000 16,607 603 |
|---|---|---|---|---|
| 41,210 |
Page 14
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
| 4 Grants & donations Nottinghamshire County Council National Lottery Community Fund Energy Redress Broxtowe Borough Council Western Power Distribution E-On Energy Solutions Energy Projects Team HMRC Home Warmth for the Aged Benevolent Fund Independence at Home Remourban Foundations Independent Grant Sundry grants & donations Stagfield Group Coal Industry Society Education Support Netherlands Benevolent Society Unison Welfare |
Unrestricted funds £ 10,000 - - - 261,510 134,329 52,561 21,061 10,400 8,523 6,696 5,500 4,834 3,000 1,630 1,000 1,000 1,000 523,044 |
Restricted funds £ 229,970 33,937 28,972 25,250 - - - - - - - - - - - - - - 318,129 |
Total £ 239,970 33,937 28,972 25,250 261,510 134,329 52,561 21,061 10,400 8,523 6,696 5,500 4,834 3,000 1,630 1,000 1,000 1,000 |
|---|---|---|---|
| 841,173 |
| 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits Other income from current asset investments |
Unrestricted funds General £ 75 10,000 10,075 |
Total 2021 £ 75 10,000 10,075 |
Total 2020 £ 444 30,000 |
|---|---|---|---|
| 30,444 |
Page 15
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
6 Expenditure on charitable activities
| Direct expenses Salaries, NI & pensions Premises costs Professional fees Depreciation Administration Other costs Overhead reallocation |
Unrestricted funds General £ 84,426 313,367 11,548 2,407 6,844 60,483 9,909 (68,377) 420,607 |
Restricted funds £ - - - - - 13,623 136,801 68,377 218,801 |
Total 2021 £ 84,426 313,367 11,548 2,407 6,844 74,106 146,710 - 639,408 |
Total 2020 £ 64,713 226,650 17,138 8,416 6,798 77,576 45,079 - |
|---|---|---|---|---|
| 446,370 |
7 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
| Depreciation of fixed assets | 2021 £ 6,844 |
2020 £ 6,798 |
|---|---|---|
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
9 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Independent examination Other financial services |
2021 £ 1,850 1,124 2,974 |
2020 £ 1,850 1,091 |
|---|---|---|
| 2,941 |
Page 16
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
10 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2021 £ 284,736 20,800 7,831 313,367 |
2020 £ 204,564 16,568 5,518 |
| 226,650 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average monthly number of employees | 2021 No 16 |
2020 No 12 |
|---|---|---|
16 (2020 - 12) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £7,831 (2020 - £5,518).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £94,630 (2020 - £89,444).
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 17
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
12 Tangible fixed assets
| Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 13 Fixed asset investments Shares in group undertakings and participating interests Shares in group undertakings and participating interests Cost At 1 April 2020 At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 |
Computer equipment £ 12,650 8,851 |
Total £ 12,650 8,851 21,501 6,167 6,844 13,011 8,490 6,483 2020 £ 1 |
||
|---|---|---|---|---|
| 21,501 | ||||
| 6,167 6,844 |
||||
| 13,011 | ||||
| 8,490 | ||||
| 6,483 | ||||
| 2021 £ 1 Subsidiary undertakings £ 1 |
||||
| Total £ 1 1 1 1 |
||||
| 1 | ||||
| 1 | ||||
| 1 |
Page 18
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
14 Debtors
| 14 Debtors | ||
|---|---|---|
| Trade debtors Prepayments Accrued income Other debtors |
2021 £ 1,297 3,317 95,045 110,199 209,858 |
2020 £ 1,995 3,064 130,422 103,321 |
| 238,802 |
15 Current asset investments
| Unlisted other shares | 2021 £ 500,000 |
2020 £ 500,000 |
|---|---|---|
The Charity purchased 50,000 Subscription shares at £10 each in Nottinghamshire Community Energy Ltd, Registered Society number RS007213. A buy back schedule at £500,000 originally planned in November 2018 did not occur. In the interim, Nottinghamshire Community Energy Ltd made a loan to the Charity of £275,000 with a further loan in October 2019 of £50,000.
16 Creditors: amounts falling due within one year
| 16 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other taxation and social security Other creditors Accruals |
2021 £ 15,024 - 1,370 18,575 34,969 |
2020 £ 6,178 4,831 32 28,547 |
| 39,588 |
17 Creditors: amounts falling due after one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other loans | 325,000 | 325,000 |
18 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 19
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
19 Funds
| Unrestricted funds General General funds Restricted funds Nottinghamshire Community Energy Covid Winter Grant Scheme Green Meadows Total restricted funds Total funds |
Balance at 1 April 2020 £ 516,799 32,157 - - 32,157 548,956 |
Incoming resources £ 578,312 - 284,192 33,937 318,129 896,441 |
Resources expended £ (420,607) (4,000) (194,443) (20,358) (218,801) (639,408) |
Balance at 31 March 2021 £ 674,504 28,157 89,749 13,579 |
|---|---|---|---|---|
| 131,485 | ||||
| 805,989 |
The specific purposes for which the funds are to be applied are as follows:
Nottinghamshire Community Energy Community fund - to distribute to local community groups for renewable energy, or low carbon projects.
Covid Winter Grant Scheme - funding provided by Nottinghamshire County Council to alleviate fuel poverty during the winter months. Funding targeted to vulnerable households who are struggling to pay their fuel bills in the coldest months.
Green Meadows - a project financed through the National Lottery Climate Action Fund for 5 years to deliver multiple community education projects including operating a DIY Retrofit course to encourage the installation of affordable energy efficiency measures.
| Unrestricted funds General General funds Restricted funds Nottinghamshire Community Energy Total funds |
Balance at 1 April 2019 £ 615,329 32,096 647,425 |
Incoming resources £ 323,901 24,000 347,901 |
Resources expended £ (422,431) (23,939) (446,370) |
Balance at 31 March 2020 £ 516,799 32,157 |
|---|---|---|---|---|
| 548,956 |
Page 20
Nottingham Energy Partnership
Notes to the Financial Statements for the Year Ended 31 March 2021
20 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ 8,490 1 1,025,982 (34,969) (325,000) 674,504 Unrestricted funds General £ 6,483 1 874,903 (39,588) (325,000) 516,799 |
Restricted funds £ - - 131,485 - - 131,485 Restricted funds £ - - 32,157 - - 32,157 |
2021 Total funds £ 8,490 1 1,157,467 (34,969) (325,000) |
|---|---|---|---|
| 805,989 | |||
| Restated 2020 Total funds £ 6,483 1 907,060 (39,588) (325,000) |
|||
| 548,956 |
21 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Photocopier & Staple finisher Within one year Between one and five years |
2021 £ 888 2,146 3,034 |
2020 £ 888 3,034 |
|---|---|---|
| 3,922 |
22 Related party transactions
During the year the charity made the following related party transactions:
N.E.P. Energy Services Limited
Trading subsidiary
At the balance sheet date the amount due from N.E.P. Energy Services Limited was £165 (2020 - £165).
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