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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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).
Page 21