2023-03-31-accounts - Nottingham Energy Partnership

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Reference and Administrative Details
Report ofthe	board oftrustees (including Strategic Report)
Report ofthe	Independent	Auditors
Consolidated	Statement	of Financial	Activities	(Current Year)
Consolidated	Statement	of Financial	Activities	(Prior Year)	12
Consolidated	Statement	of Financial	Position		13
Consolidated	Cash Flow	Statement
Notes to the	Consolidated	Cash Flow Statements
Notes to the	Consolidated	Financial Statements			17

Trustees				Ashley Baxter
				Paul Collins
				Alexander Foster
				Dave Liversidge
				Julian Marsh
				Dr Robin Wilson
Secretary				Philip Angus
Senior Management		Team		Miranda Cumberbatch —Chief Executive
				Philip Angus —Finance and Development		Manager
				Darren Barker —Contract	and Home Improvement		Manager
Registered	office			Queens Walk Community	Centre
				Queens Walk
				Nottingh am
				NG2 2DF
Company	Registration		Number	04257637
Charity Registration		Number		1091513
Auditors				Rogers Spencer
				Newstead House
				Pelham Road
				Nottingham
				NG5 1AP
Bankers				NatWest
				16South Parade
				Nottingham
				NG1 2JX

				Unrestricted	Restricted	Restricted	Total	Total
				Funds	Funds		2023	2022
rr nt Financial Year			Notes	6		E	8	6
INCOME:
Donations and legacies			4	716291			716291	849170
Income from other trading activities:
Commercial trading operations Sundry income			8	114,816 3,757			114,816 3,757	152,457 4,419
				118573			118573	156876
Investment Income			5	7,299			7,299	8,795
Income from charitable		activities:
Grants and contracts			6		438,601		438,601	265,587
Sales and fees				41,299			41,299	26,063
Sundry income				11,670		348	12,018	1,250
				52 969	438	941	491918	292900
TOTAL INCOME
EXPENDITURE:
Cost ofraising funds: Commercial trading operations			8	98,495			98,495	149,961
Charitable activities
Expenditure on charitable		activities	7	688,529	366,783		1,055,312	826,595
TOTAL EXPENDITURE				~77 24	~777uu		~54792
Net (expenditure)/income		before
transfers Gross transfers between		funds	9 21	108,108 15.430	72,166 ~15,430)		180,274	331,185
Net movement offunds	in year			123,538	56,736		180,274	331,185
RECONCILIATION OF	FUNDS
Total funds brought forward				1,118,240	172,654		1,290,894	959,709
Total funds carried forward			21	~124 @	~22	9Q	D~~	~12 0 4

			Unrestricted	Restricted	Total
			Funds	Funds	2022
Prior Financial Year		Notes	E	6	6
INCOME:
Donations and legacies		4	8491711		849178
Income from other trading activities:
Commercial trading operations		8	152,457		152,457
Sundry income			4,419		4,419
			156878		166876
Investment Income		5	8795		8,795
Income from charitable	activities:
Grants and contracts		6		265,587	265,587
Sales and fees			26,063		26,063
Sundry income			1,250 27 313	265 587	1,250 ~22 9DD
TOTAL INCOME			~642364	~65357	1 3D7741
EXPENDITURE:
Cost of raising funds:
Commercial trading operations		8	149,981		149,961
Charitable activities
Expenditure on charitable activities TOTAL EXPENDITURE		7	605,481 ~5.~	221,114 221 114	828,595
Net (expenditure)/income	before transfers
		9	286,712	44,473	331,185
Gross transfers between	funds	21	3,304	(3,304)
Net movement offunds	in year		290,016	41,169	331,185
RECONCILIATION OF	FUNDS
Total funds brought forward			828,224	131,485	959,709
Total funds carried forward		21	~~1240	~72~	A~J$4

				Group	Company	Company
			2023	2022	2023	2022
		Note		6	E	6
Fixed assets
Tangible assets		14	21,206	7,251	17,955	7,111
Investments		15	291,713	291,713	291 714	291,714
			312919	298,964	309669	298,825
Current assets
Investments		16	500,000	500,000	500,000	500,000
Debtors		17	330,153	231,615	308,891	228,639
Cash at bank	and in hand		736712	655368	663845	458 1DD
			1,566,865	1,386,983	1,372,736	1,196,739
Creditors:
Amounts falling due within one year		18	~83616	~TO,D53	~75,619	~43987,
Net current assets			1,483,249	1,316,930	1,297,117	1,152,752
Total asset less current
liabilities			1,796,168	1,615,894	1,606,786	1,451,577
Creditors
Amount falling than one year	due after more	19	~325.000	~325,000	~825,000	~325,000
Net Assets			1 471 168	1,290 894	1.281.786	1,126,577
Funds:
Unrestricted	funds	21	1,241,778	1,118,240	1,052,396	953,923
Restricted funds		21	229,390	1'72,654	229,390	172,654
			1,471,168	1,290,894	1,281,786	1,126,577

		Notes	2023	2022
			E
Cash flows from operating activities			99,604	342,385
Cash flows from investing activities
Interest income/(expenditure)			7,299	8,795
Purchase oftangible fixed assets Purchase of investment property			(25,559)	(5,757) ~281713
Cash used in investing activities			~78,288	~288675
Increase/(decrease) in cash and	cash equivalents		81,344	53,710
Cash and cash equivalents at 1	April 2022		655,368	601,658
Total cash and cash equivalents	at 31 March 2023	2	736712	655368

RECONCILIATION ACTIVITIES	OF N	ET MO	VEMENT IN FUNDS TO NET	CASH FROM OPERATIN	G
				2023	2022
				8	E
Net income/(expenditure)		for the	year before interest
received and paid				172,975	322,390
Depreciation charges				11,604	7,276
(Increase)/decrease	in debtors			(98,538)	10,180
Increase/(decrease)	in creditors			13563	2539
Net cash inflow from operating			activities	66 6114	342,385
CASH AND CASH EQUIVALENTS
Year ended 31March 2023
				31March	31March
				2023	2022
				E	6
Cash and cash equivalents				736712	655,368
				736,712	655,368
Year ended 31 March 2022
				31 March	31 March
				2022 5	2021f
Cash and cash equivalents				655,368	601,658
				655,368	861658

experience and other factors estimates.	t	hat are considered to be	hat are considered to be	hat are considered to be	relevant. Actual r	esults may differ fro	esults may differ fro	m these
The estimates and underlying		assumptions are reviewed			on an ongoing	basis. Revisions to
accounting estimates are recognised			in the period	in which the estimate		is revised where the revision
affects only that period, or in	the period ofthe revision and future periods					where the revision		affects
both current and future periods.
INCOME FROM DONATIONS		AND	LEGACIES
						Total		Total
		Unrestricted		Restricted		Funds	Funds
			Funds		Funds 8	2023f		2022
Donations and le acies:
Donations from companies,
Trusts and similar proceeds								1,608
Grants Receivable:
Government grants			139,915			139,915	428,779
Grants from other chadties			2,250			2,250	16,800
Grants from companies			574,126			574,126	401,963
			716,291			716,291	849,170
						Total
			Unrestricted		Restricted	Funds
			Funds		Funds	2022
			E		E	E
Donations and le acies:
Donations from companies,
Trusts and similar proceeds			1,608			1,608
Grants Receivable:
Government grants			428,779			428,779
Grants from other charities			16,800			16,800
Grants from companies			401,983			401,983
			849,170			849,170
						Total		Total
						2023		2022
Analysis ofGovernment	grants:					6		E
Nottingham City Council							408,779
Nottinghamshire County Council						137,450	20,000
Nottingham Trent University						2 465
						139,915	428,779

OME F	ROM D	O	NATION	S		AND LE	GACI	ES (continued)
										Total	Total
										2023	2022
Analysis ofgrants from					companies:					6
East Midlands		Affordable			Warmth					134,874
Energy Projects Team E-On Energy Solutions National Grid Electricity				Distribution						401,651 15,733 21 868	210,759 191,224
										574,126	401,983
VESTME	NT INCOME
										Total	Total
								Unrestricted	Restricted	Funds	Funds
								Funds	Funds	2023	2022
Interest	receivable on bank 1« t tt					deposits t	t	E 2,914 4385	6	E 2,914 4385	2 45 8758
								7299		7299	8,795
										Total
								Unrestricted	Restricted	Funds
								Funds E	Funds	2022f
Interest	receivable and similar income:
Interest	receivable on bank					deposits		45		45
				tt		1	1	875D		8,750
								8,795		8795
OME FROM GRANTS AND						CONTRACTS
										Total	Total
								Unrestricted	Restricted	Funds	Funds
								Funds	Funds	2023	2022
									6	E	E
Charity	Cadent	Foundation							30,000	30,000
Energy National	Redress Lottery	Community				Fund			92,376 306,525	92,376 306,525	245,715
Nottinghamshire			Community			Energy			9,000	9,000
Nottinghamshire			County Council								19,872
Others									700	700
									438 6D1	438601	265587
										Total
								Unrestricted	Restricted	Funds
								Funds	Funds	2022
								5	E
Nottinghamshire			County	Council					19,872	19,872
National	Lottery	Community				Fund			245,715	245,715
Energy	Redress
Broxtowe Borough Council
									265587	265,587

			Total	Total
	Unrestricted	Restricted	Funds	Funds
	Funds f	Funds	2023 f	2022 f
Direct expenses	248,016	39,887	287,903	292,557
Salaries, Nl and pensions	394,482	134,014	528,496	407,589
Premises costs	14,139	9,004	23,143	16,615
Professional fees	17,054		17,054	7,165
Depreciation	10,380		10,380	7,136
Administration	7,978	98,593	166,571	93,176
Other expenditure Overhead reallocation	6,842 ~26,362	14,923 70,362	21,766	2,357
	688,529	366,783	1,055,312	826,595
			Total
	Unrestricted	Restricted	Funds
	Fundsf	Funds	2022f
Direct expenses	224,129	68,428	292,557
Salaries, Nl and pensions	394,127	13,462	407,589
Premises costs	9,573	7,042	16,615
Professional fees	7,165		7,165
Depreciation	5,699	1,437	7,136
Administration	60,157	33,019	93,176
Other expenditure Overhead reallocation	2,013 ~92,332	344 97,382	2,357
	605,461	221,114	826,595

A summary ofthe trading results	is shown	below:
			2023	2022
			K
Turnover			122,833	160,543
Interest receivable			727	15
Cost ofsales and administration	costs		(98,495)	(149,961)
Surplus for the year			25,065	10,597
Taxation
Retained in subsidiary			25,065	10,597
The assets and liabilities ofthe	subsidiary	were:
			2023 8	2022f
Fixed assets			3,251	140
Current assets			194,294	190,574
Current liabilities			(8,162)	(26,396)
Net assets/(liabilities)			189,383	164,318
NET INCOMING RESOURCES	FOR THE	YEAR
This is stated after charging:
			2023	2022
			E
Depreciation			11,604	7,136
Auditor's remuneration
Audit services			8,350	7,200
Accounting services			1,750	1,800
Other services

								2023		2022
								6		6
Salaries	and wages						495,127			407,617
Social security costs							37,236			27,866
Pension	Costs						15,590			12,801
							547,953			448,284
No employee received			emoluments		of more	that 560,000		during	the year.
The monthly average			number	ofemployees		(including	the	during the year, was as follows:
								2023		2022
									5	6
Average	monthly	number of		employees				24		23

NGIBLE FIXEDASSETS
	Fixtures,
	Fittings &
~Grou	Equipmentf	Totalf
COST
At 1 April 2022	31,421	31,421
Additions	25,559	25,559
Disposals
At 31 March 2023	56,980	56,980
DEPRECIATION
At 1 April 2022	24,170	24,170
Provided in year	11,604	11,604
Eliminated on disposal
At 31 March 2023	35774	35774
NET BOOK VALUE
At 31March 2023	21,206	21,206
At 31 March 2022	7,251	7,251
	Fixtures,
	Fittings 8
~Com an	Equipmentf	Totalf
COST
At 1 April 2022	27,258	27,258
Additions	21,224	21,224
Disposals
At 31 March 2023	48,482	48,482
DEPRECIATION
At 1 April 2022	20,147	20,147
Provided in year	10,380	10,380
Eliminated on disposal
At 31 March 2023	30527	30527
NET BOOK VALUE
At 31 March 2023	17,955	17,955
At 31 March 2022	7,111	7,111

BTORS
			Group		Company
			2023	2022	2023	2022
			6	5	6
Trade debtors			253,556	180,420	232,802	177,689
Accrued	income		69,874	48,207	69,874	48,207
Prepayments			6,450	2,988	5,777	2,413
Other debtors			273		273
Amounts	owed by subsidiary				165	330
			330 153	231,615	300001	228,630
EDITOR	S: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			Group		Company
			2023	2022	2023	2022
			6	6	6	E
Trade creditors			40,451	19,870	38,835	18,580
Taxation	and social security		14,888	23,457	9,827
Accruals			28,277	24,590	26,957	23,330
Other creditors				2,136		2 077
			03616	70D53	75010	43,987

			Group	Group		Company
		2023			2022	2023	2022
			6		6	6	L
Otherloans		325 000		325,00D 325,000			325,000
ALYSIS OF NET ASSETS BETWEEN		FUNDS
	Unrestricted	Restricted			Unrestricted	Restricted
	Funds	Funds		Total	Funds	Funds	Total
	2023	2023		2023	2022	2022	2022
	6	6		6		F	6
Tangible fixed assets	312,919			312,919	298,964		298,964
Net current assets	1,253,859	229,390	1,483,249		1,144,276	172,654	1,316,930
Long term liabilities	(325,000)			(325,000)	(325,000)		(325,000)
Total	1,241,778	229390	'I	471,168	1,118,240	172,654	1,290,894

ANALYSIS OF MOVEM	ENTS IN FUNDS	ENTS IN FUNDS
Analysis of movements	in unrestricted		funds
		At	Incoming	Resources		At
		01/04/22	Resourcesf	expendedf	Transfersf	31/03/23f
General fund	1,118,240		895,132	(787,024)	15,430	1,241,778
	1	110240	000132	787024	15,430	1,241,778
		At	Incoming	Resources		At
		01/04/21	Resources	expendedf	Transfersf	31/03/22f
General fund		828,224	1,042,154	(755,442)	3,304	1,118,240
		828,224	1,042,154	755,442	3304	1 118240
General fund
The free reserves ofthe	charity.
Analysis ofmovements	in restricted funds
		At	Incoming	Resources		At
		01/04/22 f	Resources f	expended	Transfersf	31/03/23f
Covid Winter Grant
Scheme		38,170	348			38,518
Green Meadows		107,988	307,225	(282,867)	(1,486)	130,860
Nottinghamshire
Community Energy		28,073	9,000	(7,159)		29,914
Energy Redress		(1,577)	92,376	(76,690)	(13,944)	165
Future Fit Works			30,000	(67)		29,933
		172,654	438,949	366,783	~78430	229,390
Analysis ofmovements	In restricted funds
		At	Incoming	Resources		At
		01/04/21	Resourcesf	expendedf	Transfersf	31/03/22f
Covid Winter Grant
Scheme		89,749	19,872	(71,451)		38,170
Green Meadows		13,579	245,715	(148,002)	(3,304)	107,988
Nottinghamshire
Community Energy		28,157		(84)		28,073
Energy Redress				(1,577)		(1,577)
		131,405	265507	~227,774	~8304	172,654