Company Reglstratlon Number 04257637
Charity Registration Number 1091513
NorriNGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not havlng a share capltal)
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2024

NOThINGHAM ENERGY PARTNERSHIP
CONTENTS
Reference and AdmlnistratlV8 Detalls
Report of the board of trustees {Snduding Strategic Report)
Report of the Independent Auditors
Consolldated Statement of Flnancial Activlties (Current Year)
12
Consdidated Statement of Financlal Activities {Prlor Year)
13
Consolidated Statement of Financial Position
14
Consolldated Cash Flow Statement
16
Notes to the Consolidated Cash Flow Statements
17
Notes to the Consolidated Financial Statements
18

NOThINGHAM ENERGY PARTNERSHIP
(A Gompany limited by guarantee and not having a share capital)
REFERENCE AND ADMINISTRATIVE DETAILS
Trusteès
Ashley Baxter
Paul Collins
Alexander Foster
Dave LFversidge
Julian Marsh
Dr Robln Wllson
Secretary
Philip Angus
Senlor Management Team
Miranda Cumberbatch - Chief Executive
Philip Angus- Assistant Dlrector
Darren Barker- Contract and Home Improvement M8nager
R•gl8ter•d offlc•
Queens Walk Community Centre
Queens Walk
Nottlngham
NG2 2DF
Company Reglstratlon Numb•r 04257637
Charlty R•gl8tratlon Numb•r
1091513
Audltor8
Rogers Spencer
Newstead House
Pelham Road
Nottingham
NG5 1AP
Banker8
Natwest
16 South Parade
Nottlngham
NG12JX

NOThINGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarant•• and not having a share capltal)
REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024
The trustees. who are directors for the purposes of company law, present the annual report together with
the financial statements for the year ended 31 March 2024.
Structure. gov8rnanGe and managomont
Naturn of govemlng documen£
Nottingham Energy Partnership is a company limited by guarantee and registered charity. It is
incorporated under the Companies Act 2006 (Company number: 04257637) and a registered charity
{Charlty number: 1091513). It is operated under the rules of Its Memorandum and Articles of
Assoclatlon dated 23 July 2001. It has no share capital and the Ilablllty of each member In the event of
wlndlng-up is limited to £1,
' Racrultment and appolntment of trustees
Trustees are appolnt8d, as representatives of the Local Authorftles that we serve, of Hlgher Educatlonal
Estsbllshments, and for professlonal expertise - appointed by organlsations or direct approach. There is
no maximum and the mlnimum number is three.
Senlor stsff pay pollcy
The pay of senior staff is reviewed annually. Any increase in excess of the cost of living Ss subject to
performance review.
Rolatlon8hlps wlth related partl88
NEP Energy Sèrvlces Llmlted
The charity owns 100 % of the issued share capltal of NEP Energy Services Llmlted, company number
06542138. This company was formed as the tradlng subsldiary of the charlty.
Objects and actlvltl
Objocts and alms
NEP'S aims are to advance the education of the publlc concerning energy efflclency Includ5ng the
alleviation of fuel poverty, and protect the environment and.public health through the provlsion and use of
energy in ways that reduce harmful emissions and Sn so doing create new jobs In the energy effKiency
sector.
ObJe¢dves, strategles and aotlvltles
Referral systems for energy efficiency. heating measures, fuel vouchers and energy advice for vulnerable
clients. Support for installing measures, sourcing grants and prolect managing grant aided projects.
PubllG Benefit
Warm, dry homes Improve health. Energy efflclency reduces fuel bills, energy bllls for clients and carbon
dioxide 8mlsslons and renewables generate fossil fuel free energy.
The Trustees confirm that they have complied with the requlrements of section 17 of the Charities Act
2011 to have due regard to the public benefit guidance publlshed by the Charity Commission for England
arKI Wales.
Achlov•ments and performance
Customer Journey Support for prSvate sector homes through Government grants administered by East
MKllands Net Zero Hub. Contract to dellver CJS serviGes across Nottinghamshlre ar￿ Derbyshire in
partnership with the Clty, County and Borough Councils.

NOTTINGHAM ENERGY PARTNERSHIP
(A company limited by guaranlee and not havlng a share capital)
REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (continued)
Achievements and perfomiance (contlnuad)
The projects result In free External Wall Insulation and PV solar panel installations for low income
families",
Local Authority Delivery Phase 2
Home Upgrade Grant delivered the following measures during the year
18 solld wall Insulation,
161ofi and cavlty wall insulation,
41 solar PV Installs,
7 Air Source Heat Pumps,.
Fuel Bill savings to customers calculated at £869.000
Nottlngham8hlro Healthy Houslng ServlrA SUPPOrt8 vulnerable and disadvantaged households
throughout the County, either elderly or those families with chlldren, with the following inteNentions.
Training for frontline staff about fuel poverty and the impact of cold homes on health
Installation of energy efficlency measures - loft and cavity wall insulation
HeatSng: boiler replacements and repalrs
Energy blll comparlsons
Income maxlmSzatlon
Referrals to health and wellbelng serrfices
ome visits
East Mldlands Affordable Wamith funded by National Grid for vulnerable households across their
distribution nefvA)rk areas in the East Midl8fKls. The alm was to raise the energy efficiency of low-income
and low EPC rated homes. NEP partnered with several community organlsatlons across the East
Midlands to support a total of 3500 households, which resulted In
W5th the following results",
2569 households {730A} slgned to the Prlority Service Reglster
The value of savings: £6,219,743
The average of savings per household: £1,777
Savings derlved from
Heating technologles Inc. controls
Home insulatlon
Fuel bill discounts
Income maximisation
Behaviour change
Power UP Health, fiJnded by Western Power Distrlbutlon, focused on registratron to the Priority Services
Register and targeted very specifically at households where O¢xupants relied on electrically powered
medlcal equipment {e.g. mobiltty alds. oxygen cOn￿ntratOrs, dialysls machines etc}.
Total number of households supported - 757
Value of annual savlngs for households - £219,045
Green Meadows funded by the National Lottery Climate ActSon Fund;
To provide facilities, tralnlng and materials to enable Meadows residents to better understand Climate
Change and tske action.
The project runs DIY workshops on the use of sustainable buildlng products for energy efficiency
(woodfibre Intemal wall insulation, lime plasters). 'room in a roof technlques, underfloor insulation. air
tight membranes and tapes. also introductory lessons on how to US8 power tcmjls, basÈc joinery and
plumbing.
Other events include a Green Meadows Festival in September. Open Homes vlslts, gardening and food
groups and delivering lessons to all Primary schools in the Meadows area.
HEAT Hub. The HEAT Hub is funded by the Department of Energy Security and Net Zero arKI locally
managed by the MidlarKls Net Zero Hub (MNZH). The service is designed to accelerate resident plans to
improve the energy effKiency of privale sector homes.

NOTTINGHAM ENERGY PARTNERSHIP
(A company limlted by guarantoe and not havlng a share capital>
REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (continued)
Achlevements and performanGO (contlnued)
The emphasis is on the provision of expert Independent advice In-person to evaluate Its Impact Versus
digital and telephone channels of communicatlon.
Home owners living in "hard to treat homes" i.e., those that are older, in a Conservatlon Area andlor are
the lowest performing in t8rms of energy efficiency are the target. Horneowners livlng in areas 7-10 on
the Index of multiple deprivation are ellglble.
Engagement activltles Include,. events. workshops and webinars as well as retrofit home surveys arKI
personalised Futu￿ Flt Home Energy Plans that provlde a step by step gulde to retrofitting the home,
Including specialist advice on Air Source Heat Pumps
Communlty Fund Is provided by Nottinghamshire Community Energy through surplus funds from thelr
Langar Lane solar farm. NEP delivers small grants on their behalf to charities in Nottinghamshlre and the
cty.
Con8•rvatlon Retrofit Catalyst developed our Practical Introductlon to Conservation Retrofflt course,
accredited to Level 2, attended by 32 trainees to learn the theory and pr8Ctise of conseNatlon retrofit.
The fundlng from Energy Address 8lso allowed for the development of on online manual of conservation
retroflt drawings and guldance.
Flnanclal r•vlow
NEP has increased turnover in the year compared wlth the previous flnanclal year, in part due to
underspends belng accrued into thls year.
A mid terrace house was purchased with the alm of demonstratlng domestic retrofit technlques so that
local resldents can learn hands-on skills to use on their own homes, utilising blo-based insulation
materlals and 'breathable' plasters.
The HEAT Hub project started wlthln the year, unlquely aimed at the 'able to pay, homeowner. The
project incorporated the learning from the Conservatlon Retrofit Catalyst around the use of 'breathable'
materials and wlll produce reports based on Retrofft Assessments, effectlvely a modified version of the
Green Meadows Future Fit reports.
Pollcy on reserves
NEP alms to keep 6 months of oporatlng costs in reserve. The reserves during thls period was
malntained above this level
Prlnclple rlsks and uncartalntlos
The principle risks are mainly politlcal., the Gontinuatlon of grant funding for vulnerable home owners.
NEP is always In competition wlth other providers of project management services to Government
agencles and Local Authoritles, these being lh8 main income streams to support our servlces to the
publlc.
Plans for future perlods
At some point when all demonstration vK>rk is completed vrfe wlll be able to sell the domestic mid terrace
property.
We are aware of the financial difficulties of the City Council and the Issues around selllng off the
community centre in which NEP has had an office for the last 3 years. The Community Association d06S
not have a viable futu￿ If the terms of the Counc51 are pushed through. NEP has been asked to consider
buying the Centre and becoming the landlord of the propety. There are signtficant repair costs to this
possible option that would impact on the reserrfes of NEP.
The HEAT Hub has the possibility of developlng into a viable future income stream after the project has
ended.
Overall we can expect a reduction In any surplus as accruals recede and past deferred income is spent.
plus a reduced turnover as current projects reach their end date

NOTTINGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a share Gapltal)
REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnued)
STATEMENT OF TRUSTEES. RESPONSIBILrriES IN RELATION TO THE FINANCIAL STATEMENTS
The trustees (who are also directors of The Renewal Trust for the purposes of company law) are
responsible for preparing the Directors Report and the financial statements In accordance with applicable
law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financlal statements unless they are satisfied that they
glve a true and fair view of the state of affairs of the charltable company and of the incoming resources
and appllcatlon of resources, induding the income arKI expenditure, of the charltable company for that
period.
In preparing these financial statements. the.trustees are required to:
select sultable accounting policles and then apply them conslstently;
observe the methods and principles in the Charities SORP 2019 (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed subject to any materlal
departures disclosed and explained In the financial statements,.
prepare the financial statements on the going concern basis unless it Is Snappropriate to presume
that the charltable company will contlnue in operation.
The trustees are responslble for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financlal position of the charltable company and enable them to ensure that the
flnanclal statements comply wlth the Companies Act 2006. They are also responslble for safeguardlng
the assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularitles.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditor is unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit Informatlon and to estsbllsh that the auditor is 8W8re of that infomiation.

NorriNGHAM ENERGY PARTNERSHIP
(A company limited by guarantee and not having a share capital)
REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 Icontinued)
AUDITORS
A resolution will be proposed at the Annual General Meeting that Rogers Spencer be re-appointed as
auditors to the charity for the ensuing yeaf.
This report has been prepared havirYJ tsken advantage of the small companie8 exemption in the
Companies Act 2006.
Approved by the Board of Trustees and signed on its behalf
ave Liversidge- Trustee
Dated.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS of
NOThINGHAM ENERGY PARTNERSHIP
Oplnlon
We have audited the financial statements of Nottingham Energy Partnership (the 'pgrent charltable
company,) and its subsidiary (the 'group') for the year ended 31 March 2024 which comprise the
consolidated Statement of Financial Activities, the group and parent balance sheets, the consolidated
cash flow statement and notes to Ihe financial statements, Including significant accountlng pollcles. The
financlal reporting framework that has been applied in thelr preparation is applicable law and United
Kingdom Accounting Standards, IncludirrfJ Financial Reportlng Standard 102 The FlnanGlal Reporting
Standard applKable in the UK and Republic of Ireland (Unlted Kingdom Generally Accepted Accounting
Practice).
In our opinion the financlal statements:
give a true and falr vlew of the state of the group's and parent charitable Gomp8ny's affairs as at
31 March 2024. and of the group's incomlng resources arKI applicatlon of resources, including Its
income and expenditure, for the year then ended;
have been properly prepared in accordance with Unlted Klngdom Generally Accepted Accounting
Practlce: and
have been pr8par8d In accordance wlth the r8qulrem8nts of the Companies Act.
Ba818 for oplnlon
We conducted our audit in accordance wlth Internatlonal Standards on Audltlng (UK) (ISAS (UK)) and
applicable law. Our responslbllities under those standards are further descrlb8d In the auditor
responsibilltles for the audlt of the financlal stalements section of our report. We are independent of the
group and parent charltable company In accordance viith the ethlcal requirements that 8re relevant to our
audit of the financlal statements in the UK, Including the FRC'S Ethical Standard. and we have fulfilled our
other ethical responsibilities in accordance wlth these requirements. We bell8V8 that the audit evidence
we have obtalned18 SLrfficient and approprlate to provide 8 basis for our oplnlon.
Concluslon8 relatlng to golng concern
In auditing the financlal statements, we have concluded that the trustees, use of the golng concern basis
of accounting in the pr8paratlon of the financial statements Is appropriate.
Based on the work we have performed, we have not Identified any materlal uncertainties relating to
events or condltlons that, indt¥idually or collectively. may cast significant doubt on the group and parent
charitable company'8 abllity to continue as a going concern for a perlod of at least twelve months from
when the flnancial statements are authorlsed for issue.
Our responsibilities and the responslbS1ities of the trustees wlth respect to going concern are described In
the relevant sections of thls report.
Othor Infonnatlon
The other informatlon comprises the informatlon induded in the trustees, annual rep(xt, other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other
informatlon. Our opinion on the financlal ststements does not cover the other information and. except to
the extent othep•vise explicitly stated in our report, we do not express any form of assurance Gonclusion
t￿fire0n.
Our responsibillty Is to read the other informatlon and, in doing so, conslder whether the other information
is materlally Inconslstent with the financial statements or our thowledge obtained in the course of the
audlt or otherwise appears to be materially misstated. If we id8ntfy such material inconsisl8ncie5 or
apparent material misstatements. we are required to determine whether this gives rise to a material
m￿Statement in the financial statements themselves. If, based on the work we have performed, we
conclude that there is a rnaterial misstatement of this other information. we are required to report that
fact.
We have nothing to report in thls regard.

INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS of
NorriNGHAM ENERGY PARTNERSHIP (continued)
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of audit..
the information given in the trustees. report for the financial year for which the financlal ststements
are prepared Is conslstent wlth the financial statements," and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the group and parent charitable company and its
environment obtained In the course of the audlt, we have not identified material misstatements in 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 oplnion:
adequate accountlng records have not been kept by the parent charitable company, or returns
adequate for our audtt have not been recelved from branches not visited by us,. or
the parent charitable company's flnanclal statements are not In agreement wSth the accounting
records and returns,. or
certaln disclosures of trustees. remuneration specified by law are not made; or
we have not receive(l all the infomiation and explanations we require for our audlt.; or
the trustees were nol entitled to prepare the financial statements in accordance wEth the small
companies, regime and tske advantage of the small companies, exemption from the requirement to
prepare a stralegic report.
R8spon8lbllltles of trustees
As explained more fully in the trustees, responsibilities 8tstement, set out within the Report of the Board
of Trustees, the trustees {who are also the directors of the parent ckrdritable company for the purposes of
company law) are responslble for the preparation of the financial statements and for belrKJ satisfied that
they gtve a true and falr vlew, and for such Internal control as the trustees determine is necessary to
enable the preparatlon of flnanclal statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assesslng the group and parent
charitable company's ability to continue as a going concem, disclosing, as applicsble, matters related to
going concem and using the going concern basis of accounting unless the trustees either Intend to
Ilquldate the group or the parent charitable company or to cease operations, or have no reallstSc
alternatlve but to do so.
Audltor's responslbilitles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from materlal misstatement, whether due to fraud or error, and to issue an audltorfs report that
includes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an
audlt conducted In accordance wlth ISAS (UK) will alvRys detect a material misstatement when it exlsts.
Misstatements can arise from fraud or error and are consldered material rf, individually or in the
aggregate. they could reasonably be expected to Influence the economSc decisions of users taken on the
basis of these financial statements.
Irregularities, induding fraud, are instances of non-compliance with law5 and regulatlons. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities. including fraud. The extent to which our procedures are capable of deteGting irregularltles,
inGluding fraud is detailed below.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS of
NorriNGHAM ENERGY PARTNERSHIP {contlnued)
The extent to whlch the audit was considered capablo of detecting Irregularltles includlng fraud
Our approach to identifying and assessing the risk of material misstatement In respect of irregularities,
Including fraud and non-compliance with laws and regulations, was as follows..
The engagement partner ensured that the engagement team collectlvely had the approprlate
competenc8, capabilities and skills to Sdentlfy or recognise non-cornpllance with applicable lav￿ arKJ
regulatlons,.
We identlfled the laws and regulations appllcable to the group through discusslons with trustees and
other management, and from our knowledge and experience of the charity sector and grant
providers;
We focused on SpeC￿lC laws and regulations which we considered may have a direct material effect
on the financial statements or the operations of the group, Including the Companies Act 2006.
Charlties Act 2011, taxation leglslation and data protection, antl-bribery, employment, environmental
and health and safety leglslatlon.
We assessed the extent of compliance With the laws and regulations IdentSfied above through
maklng enquiries of management and inspecting legal correspondence; and
Identlfled laws and regulations were communicated wlthin the audit team regularly and team
r8malned alert to instances of non-compllance throughout the audit.
We assessed the susceptlbility of the group's fflnancial statements to materlal mlsstatement, Induding
obtaining an understanding of how fraud might occur, by:
Making enquiries of management as to where they consldered there was susceptlbility to fraud, thelr
knowledge of actual, suspected and alleged fraud",
Considerlng the internal controls in place to mitigate rlsks of fraud and non-compllance with laws and
regulatlons: and
Understandlng the design of the group's remuner8tion policles.
To address the rlsk of fraud through management blas and override of controls, we:
Perfornied analytical procedures to identlfy any unusual or unexpected relatlonshlps,.
Tested journal entries to identlfy unusual transactions:
Assessed whether judgements and assumptlon8 made in determining the accounting estimates set
out in note 3 were indirAtive of potential bias. and
Investigated the rationale behind significant or unusual transactions.
In response to the rlsk of irregularltles and non-compllance with laws and regulatlons, we designe
procedures which Included, but were not limited to:
Agreeing financial statement disclosures to underlying supporting documentation;
Reading the minutes of meetings of those charged with governan￿.
Enquiring of management as to actual and potential litigatlon and claims,, and
Reviewing correspondence wlth HMRC, relevant regulators and the company's legal advisors.
There are inherent limitatlons in our audit procedures descrlbed above. The more removed that laws and
regulats'ons are from financial transactions. the less likely it is that ¥￿ would become aware of non-
complian￿. Auditing standards also limit the audit procedure5 required to Identify non-compliance with
laws and regulations to enquiry of the trustees and other management and the inspection of regulatory
and legal correspondence. rf any.
Material misstatements that arlse due to fraud can be harder to detect than those that arise from error as
they may involve deliberate concealment or colluslon.
io

INDEPENDENT AUDrroR'S REPORT TO ThE MEMBERS of
NorriNGHAM ENERGY PARTNERSHIP (contlnued)
A further description of our responsibilities for the audit of the financlal statements is located on the
Financial Reporting Council's website at.. https:Ilwww.frc.org.uklauditorslaudit-assurancelaudrtor-s-
responsibil1ties-for-the-audit-of-the-fildescription￿f-the-8udit0r%E2¥080oIQ99S-TesponSibilit1es-f0r.
Thls
description forms part of our auditorfs report.
Use of our report
Thls report is made solely to the charttable 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 niember8 those matters vrfe are required to state to them in an auditorfs report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responslblltty to anyone other than the charltable company and the charltable company's members as a
body, for our audlt worl for this report, or for the oplnions we have formed.
20/12/24
Melvln Ballay FCCA DChA (S•nlor Statutory Audltor)
For and on behalf of Rog•r8 Spencer
Chartered Certlfl•d Accountants
Statutory Audltor
Newstead Hou8•
P•lham Road
Nottlngham
NG5 1AP
Rogers Spencer is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
li

NorriNGHAM ENERGY PARTNERSHIP
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(Incorporaung an Income and Expendlture Account)
FOR THE YEAR ENDED 31 MARCH 2024
Unre8trictad
Funds
Restrictad
Funds
Total
2024
Total
2023
Current Flnanclal Year
Notes
INCOME:
Donations and legacies
140 872
1088015
716291
Incomo from othor tradlng a¢tivltlo8:
Commerclal trading operations
Sundry Income
63,885
3,506
63,885
3,508
114,816
3,757
118573
Inve8tment Income
30,185
30,185
7,299
Income from charltable actlvltles:
Grants and contracts
Sales and fees
Sundry income
654,814
1.636
854,614
21,519
438.601
41,299
12.018
676 133 ￿￿18
19,883
19883
656 250
TOTAL INCOME
EXPENDITURE:
Cost of ra181ng fund8:
Commerclal trading operatlons
73,427
73,427
98,495
Charltabla actlvltles
Expendlture on charitable activltles
625,127
705,984
1,331,091
1,055,312
TOTAL EXPENDITURE
Net (expenditure)lincome before
transfers
Gross transfers beiween funds
10
22
366,048
91,158
457,206
180,274
Net movement of funds In year
366,048
91,158
457,206
180,274
RECONCILIATION OF FUNDS
Total funds brought fornvard
1.241,778
229.390
1,471,168
1.290.894
Total funds Garriod forward
The statement of financial activities includes all gains and losses recognised In the y&3r.
All incoming resources and resources expended derive from continuing activities.
.The notes on pages 18 10 33 form part of these financial statements.
12

NorriNGHAM ENERGY PARTNERSHIP
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Incomo and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted
Funds
Restricted
Funds
Total
2023
Prior Financial Yoar
Notes
INCOME:
Donatlons and legacles
716 291
716291
Income from other tradlng actlvltlas:
Commercial trading operatlons
Sundry income
114,816
3,757
118573
114.816
3.757
118573
Investment Income
7,299
7.299
InGom• from charltable actlvltle8:
Grants and contracts
Sales and fees
Sundry Income
438,601
438,801
41,299
12,018
491918
41,299
11,670
348
438 941
TOTAL INCOME
EXPENDrruRE:
Cost of ral8lng funds:
Commercial trading operations
98,495
98,495
Charltable aGtlvltl08
Expenditure on charitable activities
688,529
366,783
1,055,312
TOTAL EXPENDITURE
Net (expenditure)lincome before transfers
10
108,108
15,430
72.168
(15,430)
180,274
Gross transfers between funds
Net movement of funds in year
123,538
56.736
180,274
RECONCILIATION OF FUNDS
Total funds brought forward
1,118,240
172,654
1,290.894
Total funds carried forward
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continulng activities..
The notes on pages 18 to 33 forni part of these financial statements.
13

NorriNGHAM ENERGY PARTNERSHIP
(A company limitsd by guarantee and not having a share capital)
CONSOLIDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL POSITION
AS AT 31 MARCH 2024
Group
Company
2024
2024
2023
2023
Nots
Fixed assets
Tangible assets
Investments
15
518,568
21,206
291,713
494,941
17,955
291714
312 919
494.942
Current assets
Investments
Debtors
Cash at bank and in hand
17
18
500.000
439.226
500.000
330,153
736 712
500,000
427,328
905,775
500,000
308,891
2,008,830
1,566,865
1,833,103
1,372,738
Creditor•:
Amounts falling due within one
year
19
174,024
83,6161
166,727
75,619
Not Currnnt as•ets
1834 806
1483 249
1666 376
1297 117
Total a8set1888 current
Ilablllti•8
2,353,374
1,796.168
2,181,318
1,606,786
Creditor•
Amount falling due after more
than one year
20
325 000
425,000
325 000
Net A880ts
1928 374
1471168
1738 318
1281786
Fund8:
Unr08tr1cted funds
1,807,826
1,241,778
1,415,770
1,052.396
Rastrlctod fund8
22
320.548
229,390
320,548
229,390
1928,374
1471 168
1,736,318
1,281,786
The notes of pages 18 to 33 form part of these firkgncial stalements.
14

NorriNGHAM ENERGY PARTNERSHIP
{A company limited by guarantee and not havlng a share capital)
CONSOUDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL POSITION
AS AT 31 MARCH 2024 (continued)
The trustees have prepared group accounts in accordance with Section 398 of the Companies Act 2006
and Section 138 of the Charities Act 2011.
In accordan￿ wth the provisions of the Companies Act 2006, a separate statement of financial 8Ctiviiies
dealing with the results of the parent charitable company only has not been presented. Gross income of
the charltable company of £1,792,053 (2023.. £1,214.781) and net income of £454,532 (2023: £155,209)
has been dealt with in the accounts of the charitable company.
These financial statements were approved by the directors on .....
thelr behalf by:
..and s￿ned on
ve Liversldge - Trustee
The notes of pages 18 to 33 fomi part of these financial statements.
15

NOTTINGHAM ENERGY PARTNERSHIP
{A Gompany limited by guarantee and not having a share capital)
CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Notes
2024
2023
Cash flows from operatlng actlvltles
521482
99,604
Cash flows from Invasting actlvlties
Interest incomel(expenditure)
Purchase of tangible fixed assets
30,q85
7,299
Cash used in investlng activltles
193 590
Increasel(decrea88) In cash and cash equlvalents
332,892
81,344
Cash and eAsh equlval•nts at 1 April 2023
736,712
655,368
Total cash and cash equlvalents at 31 March 2024
1,069,604
736 712
The notes of pages 18 to 33 form part of these financial statements.
16

NOTfiNGHAM ENERGY PARTNERSHIP
(A company Ilmited by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FROM OPERATING
ACTIVITIES
2024
2023
Net Incomel{expendlture) for the year before Interest
received and paid
427,￿21
172,975
Depreciation charges
18.126
11.604
(Increase)Idecrease in debtors
(109.073)
{98,538}
Increasel(decrease) In credltors
Net ¢a8h Inflow from oporatlng actlvftlos
2. CASH AND CASH EQUIVALENTS
Year ended 31 March 2024
31 March
2024
31 March
2023
Ca8h and cash •qulvalènts
1069 604
Year ended 31 March 2023
31 March
2023
31 March
2022
Cash and cash equlvalents
736,712
855,368
655,368
The notes of pages 18 10 33 form part of these financial statements.
17

NO￿INGHAm ENERGY PARTNERSHIP
(A company limited by guarantee and not havlng a share capital)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Nottingham Energy Partnership Is a private company, limited by guarantee reglstered in England
and Wales. The Company's registered number and registered office address can be found in the
Statutory Information on page 2.
ACCOUNTING POLICIES
The prlncipal accounting pollcles adopted, judgements and key sources of estimatlon uncertalnty in
the preparation of the financial statements are set out below. These policies have been
Gonsistently applied to all the years presented, unless othertrvlse ststed.
Statement of compllance
The financial statements have been prepared In accordance wlth Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charltles preparing thelr accounts In
accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting
Standard applicable in the Unlted Kingdom and Republic of Ireland .{FRS 102). the Charities Act
2011, the Companles Ad 2006 and UK Generally Accepted Accounting Practice.
Ba818 of preparatlon
Nottingham Energy Partnership meets the definltlon of 8 publlc benefit entty under FRS 102.
The financial statements are prepared In sterllng whlch Is the functfonal currency of the charlty and
rounded to the nearest £.
As8ets and Ilablllties are Inltlally recognised at historical cost or transaction value unless othepNlse
stated in the relevant accountlng polScy note.
Basls of Con8olldatlon
The financial statements consolldate the results of the charitable company and its wholly 0￿ed
subsidiary N.E.P. Energy Services Limited on a Ilne by Ilne basis.
N.E.P. Energy Servlces Llmlted has tak8n advantage of the exemption from audit under sectlon
479A of the Companle&'Act 2006 relatlng to subsldlary companles for the period ended 31 March
2023.
The reglstered offtce of the subsidlary cornpany Is the same as Nottlngham Energy Partnership.
Golng concem
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 uncertalntles related to events or condltions which may cast significant doubt on the ablllty
of the charity to contlnue as a golng concem. The trustees make this assessment in respect of 8
period of one year from the date of approval of the financial statements.
Incom•
Voluntary income Induding donatlons. glfts. legacles and grants that provide core funding or are of
a general nabjre is recognised when the charity has entltlemenl to the income, it is probable that
the income will be received and the amount can be measured with sufficlent reliabilty.
Donat￿nS and legacies
Donatlons are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a (Sonation is subject to conditions that require a ￿Ve1 of
performan￿ by the charlty before the charlty Is entitled to the funds, the income is deferred and not
recognised untS1 elther those conditlons are fully met, or the fulfilment of those conditions Is wholly
within the control of the charity and it is probable that these condltlons wlll be fulfilled in the
reportlng perv)d.
18

NorriNGHAM ENERGY PARTNERSHIP
(A company limit￿ by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
2. ACCOUNTING POLICIES (CONTINUED)
Gr8nts reGeivable
Grants are recognised when charity has an entitlement to the funds and any conditions Ilnked
to the grants have been met. Where performance conditions are attached to the grant and are yet
to be met, the income is recognlsed as a liabilty and Included on the balance sheet as deferred
Income to be released.
Ro8ourco8 oxpended
All expenditure is recognlsed once there is a legal or constructive obligation to that expenditure, tt
is probable that settlement is required and the amount can be measured rellably. All costs are
allocated to the appllcable expendlture 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 wlth the use of resources. with central staff costs allocated on the basis of Ilme
spent, and depreclation charges allocaled on the portion of the asset's use.
Other suppr)rt costs are allocated based on the spread of staff costs,
Charltable aotivities
Charltable expenditure comprlses of those costs incurred by the charity in the dellvery of Its
activities and services for Its beneficlaries. It includes both costs that can be allocated dlrectly to
such activities and those costs of an indlrect nature nys88ry to support them.
Government grant8
Government grants are recognlsed based on the accrual model and are measured at fair value of
the asset recelved or receivable. Grants are dassified as relatlng elther to revenue or to assets.
Grants relatlng to revenue are recognised In income over the perlod in which the related costs are
recognlsed. Grants relating to assets are recognised over the expected useful lrfe of the asset.
Where part of a grant relating to an asset is deferred, It Is recognised as deferred Income.
Taxatlon
The charity Is consldered to pass the tests set out In Paragraph 1 Schedule 6 of the Flnance Act
2010 and therefore meets the definition of a charitable company for UK corporatlon tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of Incorne or ¢apitsl gains
received wlthln categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or
Sectlon 256 of the Taxation of Chargeable Gains Act 1992, to the 8Xtent that suth Income or galns
are applied exclusively to charltable purposes.
Tangible Flx•d assets
Individual fixed assets costing over £500 are Inltlally recorded at cost, less any subsequent
accumulated depreciatlon and subsequent accumulated impairment losses.
Depreclatlon and amortlsatlon
Dep￿ciatIon Is provided on tangible flxed assets so as to wrlte off the cost or valuation,
less any estimated residual value. over their expected useful economic lrfe as follows:
Freehold land and buildlngs
2Yo Straight line
Furniture and equipment
250h straight line
Computer equlpment
330￿ straight line
InV￿lment propertlos
Investment property is carried at fair value, derived from current market prices for comparable real
estate determined annually by extern81 valuers. The valuers use obseNabl8 market prices,
adjusted if necessary for any drfference in nature, locatlon or condition of the specific 885et.
Changes in fair value are recognised in profit or loss.
19

NOTTINGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a Share capital)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
2. ACCOUNTING POLICIES {CONTINUED)
Fixed asset Investmonts
Fixed asset investments, Ot￿Or than programme related Imiestments, 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 galns and losses represent the movement In market value during the year and are
credited or charged to the Ststement of Financlal Actlvltles based on the market value at the year-
end.
Current asset Investmentg
Current asset investments are included at the lower of cost and net realisable value I market value.
Dabtor8
Trade debtors are amounts due from customers for merchandlse gold or senilces
performed In the ordlnary course of buslness.
Trade and other deblors are recognlsed initially at the trans8Ction price. They are
subsequently measured at arnortlsed cost using the effective interest method, less
provision for impairment. A provision for impairment of 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.
Ca8h and cash oqulvalonts
Cash and cash equivalents comprlse cash in hand ar￿ on call deposits, and other short
term hlghly Ilquld Investments that are readily convertible to a known amount of cash and
are subject to an Inslgntficant risk of change in value.
Cradltors
Trade creditors are obligations to pay for goods or servlces that have been acqulred In the
ordinary course of business from suppliers. Accounts payable are classffled as current
liabilities If the charity does not have an uncondltlonal rlght, at the end of the reportlng
period, to (lefer settlement of the credltor for at least bNelve months after the reporting
date. If the￿ Is an uncondltlonal right to defer settlement for at least twelve months after
the reportlng date, they are presented as non-current liabilities.
Creditors are recogniséd Initialty at the transaction price and subsequently measured at
amortlsed cost uslng the effective interest method.
Fund structure
Unrestricted income funds are general furKls thal are available for use at the trustees,
discretlon in furtherance of the ObJ￿IS of the charty.
Restrlcted Income funds are those grants for use in a parti¢ular area or for specific
purposes. the use of which is restricted to that area or purpose.
Penslons and other po8t retirnment obligations
The charity operates a defined contribution pension scheme for employees. The assets of the
scheme are held separately from those of the charty. Pension costs charges in the Statement of
Financial Activities represent the contributions payable by the charity durlng the year.
20

NOThINGHAM ENERGY PARTNERSHIP
(A company limited by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKrs
YEAR ENDED 31 MARCH 2024
3. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the applicatlon of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptlons are reviewed on an ongoing basis. Revissons to
accounting estimates are recognised In the perlod in which the estimate is revised where the revision
affects only that period, or in the period of the revlsion and future periods where the revision affects
both current and future periods.
4. INCOME FROM DONATIONS AND LEGACIES
Total
Funds
2024
Total
Funds
2023
Unr•strlcted
Funds
R88trlcted
Funds
Donations and le
Donations from companies,
Trusts and slmilar proceeds
Grants R
ivabl
Government grants
Grants from other charilies
Grants from companies
610
610
643,587
60,090
242,856
140,872
784,459
60,090
541,568
2,250
172,475
1088,016
716 291
Total
Funds
2023
Unrestricted
Funds
Restrlcted
Funds
Donatlons and le
Donations from companies,
Trusts and similar proceeds
Grants R
ivable:
Government grants
Grants from other charities
Grants from companies
541,566
2.250
172,475
541,586
2,250
172,475
716,291
716,291
Total
2024
Total
2023
Analysls of Government grants:
Nottinghamshire County Council
Nottingham Trent University
Nottingham City Councll
221,662
1,512
561,285
539.101
2,465
784,459
541,556
21

NorriNGHAM ENERGY PARTNERSHIP
(A company limited by guarantee and not having a shara capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
4. INCOME FROM DONATIONS AND LEGACIES (contlnued)
Total
2024
Total
2023
Analysls of grants from ¢ompanl•s:
E-on Energy Solutions
National Grid Electricity Distribution
15,733
156 742
242 856
172475
5. INVESTMENT INCOME
Total
Funds
2024
Totsl
Funds
2023
Unrestrlcted
Funds
R￿trf¢tod
Funds
Interest recelvable on bank depostts
Income from current asset Investments
Income from investment propety
9,830
13,750
9.830
13,750
2,914
1,750
2,635
7,299
Total
Funds
2023
Unrestrlcted
Funds
Restricted
Funds
Interest receivable and similar income:
Interest receivable on bank deposits
Income from current asset investments
2,914
4,385
2,914
4,385
7,299
6. INCOME FROM GRANTS AND CONTRACTS
Total
Funds
2024
Total
Funds
2023
Unre8trlcted
Funds
Restrlct
Funds
Charity Cadent Foundation
Energy Redress
National Lottery Community Fund
Nottinghamshire Community Energy
Others
40,000
257.000
339.614
18,000
40,000
257,000
339,614
18.000
30,000
92,376
306,525
9.000
700
438,601
22

NOTTINGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a Share rApltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
6. INCOME FROM GRANTS AND CONTRACTS (continued)
Total
Funds
2023
Unrestricted
Funds
Restricted
Funds
Charity Cadent Foundation
Energy Redress
National Lottery Community Fund
Nottinghamshire Community Energy
Others
30,000
92,376
306,525
9,000
700
30,000
92,376
306,525
9,000
700
438 601
7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Total
Funds
2024
Total
Funds
2023
Unr•8trlct8d
Fund8
Restrlcted
Fund8
Direct expenses
Salarles, Nl and penslons
Premises costs
Professlonal fees
Dèpreciation
Administration
Other expendlture
Governance costs (note 8)
Overhead reallocatlon
296.956
215,404
2,157
22,225
14,657
49,191
194,848
388,858
22,720
27,306
491,604
604,262
24,877
49,531
14,657
112,100
287,903
517,871
23,143
3,052
10,380
186,350
21,765
24,848
62,909
32,751
1,309
34,060
625,127
1331.091
1055 312
Total
Funds
2023
Unrestricted
Funds
Restricted
Funds
Dlrect expenses
Salaries, Nl and pensions
Premises costs
Professional fees
Depreclation
Administration
Other expenditure
Governance costs (note 8)
Overhead realloGation
248,016
383,857
14,139
3.052
10,380
67,757
6,842
24.848
39.887
134.014
9,004
287,903
517,871
23,143
3,052
10,380
166,350
21,765
24.848
98.593
14,923
70,362
688,529
366.783
1,055,312
Support costs have not been separately allocated and disclosed as the Trustees believe they are
Immaterlal to the firk2ncial statements.
23

NorriNGHAM ENERGY PARTNERSHIP
(A company limited by guaranteo and not havlng a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
8. ANALYSIS OF GOVERNANCE COSTS
Total
Fund8
2024
Total
Funds
2023
Unrestrlcted
Funds
Restricted
Funds
Salarles. Nl arKI penslon8
Professional fees
Audit fees
Bank charges
12,337
3,892
16,288
234
12,337
5,175
16,288
260
10.625
3,902
10,100
221
1,283
26
34,060
Total
Funds
2023
Unrestricted
Funds
Restricted
Funds
Salaries, Nl and pensions
Professional fees
Audlt fees
Bank charges
10,625
3,902
10,11X)
221
10,625
3,902
10,100
221
24,848
24,848
9. INCOME EARNED FROM OTHER ACTivrriES
The charitable company has a wholly owned trading Subsidiary N.E.P. Energy Services Limited
{company number 06542138), which is incorporated in England and Wales. The charltable company
owns the entlre share capltal of 1 ordlnary share of £1.
N,E.P. Energy Services Limited has taken advantage of the exemption from audlt under section 479A of
the Companies Act 2006 relating to subsidiary companies for the period ended 31 March 2024.
A summary of the trading results is shown below:
2024
2023
Turnover
Interesl recelvable
Cost of sales and administration costs
73,821
2,280
(73,427)
122,833
727
(98,495)
Surplus for the year
Taxation
2,674
25,065
Retained in subsidiary
2.674
25,065
24

NOThINGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a share capital)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
9. INCOME EARNED FROM OTHER ACTIVITIES (¢ontlnued)
The sssets and Ilabilities of the subsidiary were:
2024
2023
Fixed assets
Current assets
Current liabSlttle8
23,627
175,872
(7.442)
3,251
194,294
(8.162)
Net assetsl(liabilities)
192,057
189,383
10. NET INCOMING RESOURCES FOR THE YEAR
This Is stated after charglng:
2024
2023
Depreclatlon
Auditor's remuneratlon
Audlt services
Accountlng services
Other seNlceg
13.168
11,604
12,800
2,840
8,350
1,750
11. AUDITOR'S REMUNERATION
The auditor's remuneration amounts to an audit fee of £12,800 (2023: £8.350), accountlng services of
£2,840 (2023: £1,750) and other services totalling £648 (2023.. £nil}.
12. STAFF COSTS AND KEY MANAGEMENT PERSONNEL
Staff ¢osts were as follow8:
2024
2023
Salarles and wages
Social security costs
Penslon costs
Agency costs
561,530
29.949
23,110
20,995
495,127
37.236
15.59)
635.584
547.953
25

NOTTINGHAM ENERGY PARTNERSHIP
(A company limited by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.STAFF COSTS AND KEY MANAGEMENT PERSONNEL (contlnued)
The number of employees whose annual remuneration was more than £60,000 is as follovts:
2024
2023
£60,000 - £69,999
The monthly average number of employees (including the during the year, vtss as fdlows:
2024
2023
Average monthly number of employeos
25
24
The tot81 employee benefrts of the key rnanagement personnel of the charity were £146,968 (2023:
£107.281).
None of the trustees (or any persons connected wlth them} recelved any remuneration or
relmbursement of expenses from the charity during the year,
13. PENSIONS
The charlty operates a defined contrlbutlon pension plan for its employees. The amount recognlsed as
an expense In the period was £23,110 (2023: £15,590).
19 {2023: 22) of the above employees partlclpated in the Defined Contributions Pension Scheme.
14. INDMDUAL STATEMENT OF FINANCIAL ACTIVITY
As permitted by Section 408 of the Companies Act 2006, the Statement of Flnanclal Activtty is not
presented as part of these financial siatements.

NO￿INGHAm ENERGY PARTNERSHIP
(A company limited by guarantee and not having a sharo capital)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
15. TANGIBLE FIXED ASSETS
Freèhold
Land &
Bulldlngs
Flxtures,
Flttlngs &
Equlpment
Motor
Vahlcles
Gro
Totsi
COST
At 1 April 2023
Additlons
Transfer from investment property
Disposals
56,980
13,490
56.980
223,775
291.713
186.440
291.713
23,845
At 31 March 2024
478 153
52,725
DEPRECIATION
At 1 April 2023
Provided In year
Ellminated on disposal
35,774
10,782
35,774
18,126
4,959
2,385
At 31 March 2024
2,385
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
21,206
21,208
Fr•ehold
Land &
Bulldlngs
FIxtu￿,
Flttlngs &
Equlpment
Com
Total
COST
At 1 April 2023
Additions
Transfer from investment property
Disposals
48,482
13,490
48,482
199,930
291,713
186,440
291.713
13,582
At 31 March 2024
478 153
526,543
DEPRECIATION
At 1 April 2023
Provided in year
Eliminated on disposal
30,527
9,698
30.527
14,657
13,582
4,959
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
473,194
21,747
494,941
At 31 March 2023
17,955
17,955
27

NOThINGHAM ENERGY PARTNERSHIP
(A Company limltod by guarantee and not havlng a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1& FIXED ASSET INVESTMENTS
Group
2024
Company
2024
2023
2023
Shares in group undertakings
Investment properties
291.713
291713
291713
291714
Investment
Proport108
Investment Pro
•rtle8
Total
COST
Al 1 Aprll 2023
Transfer to tanglble fixed assets
291,713
291 713
291,713
291713
At 31 March 2024
MARKET VALUE
At 31 March 2024
HISTORICAL COST
At 3q March 2024
Subsldlary
Undertaklng
hares In Grou
Undertakln
Total
COST
At 1 AprS12023
At 31 March 2024
MARKET VALUE
At 31 March 2024
HISTORICAL COST
At 31 March 2024
28

NorriNGHAM ENERGY PARTNERSHIP
(A company 11m1t￿ by guarantee and not havlng a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. CURRENT ASSET INVESTMENTS
Group
2024
Company
2024
2023
2023
Unlisted other shares
500.000
500 000
5(K),000
500,000
The Charlty purchased 50,000 subscriptlon shares at £10 each In Nottinghamshire Community Energy
Limlted, Registered Soclety number RS007213. A buy back schedule at £500,000 originally planned in
November 2018 did not occur. In the Interim, Nottinghamshire Communlty Energy Llmited made a loan to
the Charity of £275,000 with a further108n in October 2019 of £50,000. During the financial year ending
31 March 2024, 8 further loan of £100,000 has been made. loans awarded total £425,000 and have
been Included in creditors: amounts falling due after more than one year.
18. DEBTORS
Group
2024
Company
2024
2023
2023
Trade debtor6
Accrued income
Prepayments
Other debtors
Amounts ovRd by subsidlary
25,181
401,330
8,865
3,850
253,556
69,874
6,450
273
14,244
401,330
8,630
3,124
232,802
69,874
5,777
273
330 153
427 328
308,891
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2024
Company
2024
2023
2023
Trade creditors
Taxation and social security
Accruals and deferred income
Other creditors
Amounts ovftd to subsldy
23,272
3,282
144,153
3,317
40,451
14,888
28,277
21,785
38,835
9.827
26.957
141,480
3,317
145
174,024
166,727
75.619
Analysis of deferred Income:
Balance at 1 April
Amount deferred in year
Amount released in year
24,648
23,648
Balance at 31 March
24,648
23.648
29

NOThNGHAM ENERGY PARTNERSHIP
(A company limited by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
20. CREDITORS: AMOUNTS FALLING AFTER MORE THAN ONE YEAR
Group
2024
Company
2024
2023
2023
Other loans
425 000
325 000
325 000
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
UnrestrlGtod Re8trlGted
Funds
Funds
2024
2024
Unrestrlcled Restricted
Funds
Funds
2023
2023
Total
2024
Tot81
2023
Flxed assets
Net current assets
Long term Ilabilities
618,668
1,514,258
(425,000)
518,568
320,546 1,834,806
(425,000)
312,919
1,253,859
(325,000)
312,919
229,390 1,483,249
(325,000}
Total
1607 826
320 548 1928 374
1241 778
229 390 1471 168
22. ANALYSIS OF MOVEMENTS IN FUNDS
Analys16 of movements In unr88trlctod funds
At
Incomlng
01104123
Re8ource8
Resourcas
•xpendod
At
31103124
Tran8fgr8
General fund
1,241,778
1,064602
(698,554)
1,607,826
1,241,778
1,064,602
698,654
1,607 826
At
01104122
Incoming
Resources
Resources
expended
At
31103123
Transfers
General fund
1,118,240
895,132
{787,024)
15,430
1.241,778
1118,240
895,132
787 024
15.430
1.241.778
General fund
The free reserves of the charity.
30

NOThINGHAM ENERGY PARTNERSHIP
(A company1Smited by guaranto• and not having a share capital)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
22. ANALYSIS OF MOVEMENTS IN FUNDS (contlnued)
Analy$ls of movements In r88trlcted funds
At
01104123
Incomlng
Resources
Ro8ourcoN
0xpended
At
31103124
Transfor8
Covid Wlnter Grant
Scheme
Green Meadows
Nottinghamshlre
Community Energy
Energy Redress
Future Fit Works
Let's Optimise Your
Boiler
38,518
130,860
{38,518)
(311,921)
339.614
168,553
29,914
16S
29,933
18,000
257,200
41,436
{28,316)
{257,365)
(48,090)
19,598
23,279
119118
Analysls of movemonts In re8trlctod funds
At
01104122
Incomlng
Resources
Resources
expended
At
31103123
Transfers
COVKI Wlnter Grant
Scheme
Green Meadows
Nottinghamshire
Communlty Energy
Energy Redress
Future Fit Workg
38.170
107,988
348
307,225
38,518
130,860
(282,867)
(1.488)
28,073
(1,577)
9,000
92.376
30.000
(7,159)
(76,690)
(67)
29,914
165
29,933
{13,944)
366 783
229 390
The specffic purposes for whlch the funds are lo be applied are as follows:
Covid Wlnter Grant SGh•me
Fundlng provided by Nottinghamshlre County Council to alleviate fuel poverty durlng the winter months.
Funding targeted to vulnerable households who are struggllng to pay their fuel bllls in the coldest months.
Green Meadows
National Lottery Climate Action Fund lo Inform the Meadows Communlty on Climate Chang8
issues and encourage IoGal action through community initiatives.
Nottlnghamshlre Community Energy
A community benefit society, whose main objects are to benefit the local community of shareholders and
to benefrt the people of Nottinghamshire by distribuling funds for renewable energy and fuel poverty
InitiatSves.
31

NorriNGHAM ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a share capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEP41ENTS
YEAR ENDED 31 MARCH 2024
22. ANALYSIS OF MOVEMENTS IN FUNDS (contlnuad)
Energy Redress Scheme
Provides funding to charities in England, Scotland and Wales who support energy consumers in
vulnerable situations. Voluntary payments received from energy companies followlng enforcement or
compliance activity by Ofgem, are distributed to charitles to redress the harm caused to energy
consumers.
Futur8 Flt Works
A fund used to Install mlnor energy efflcSent measures in the Meadovrfs area for eligible houses.
Let's Optlml80 Your Boller
This is a project providing home visits to optimise combi condensing bollers for fuel poor households
across Nottinghamshire.
23. COMMITMENTS UNDER OPERATING LEASES
Total future mlnlmum lease payments under non-cancellable operating leases are as follows:
Photocoplor & 8taple fln18her
Group
2024
Company
2024
2023
2023
Withln one year
Between Iwo to five years
In over five years
1,210
2,520
888
370
1,210
2,520
840
888
370
4,570
1,258
4,570
1,258
24. RELATED PARTY TRANSACTIONS
Related paty Iransactlons In respect of N.E.P. Energy Servlces Llmlted have been disclosed in note 8 to
the financial statements.
P Angus and M Cumberbatch are both Directors of Nottinghamshire Community Energy Llmlted.
Related party transaclions have been disclosed in note 16 to the financial statements.
In addltlon, durlng the year ended 31 March 2024 grant income of £18,000 (£9,000) was received from
Nottlnghamshlre Communlty Energy Llmlled, shown in note 6 to the financial statements.
J Marsh is a Director of'meadows Ozone Energy serv1￿5 Llmlted (MOZES).
During the year ended 31 March 2024, income totalling £80 (2023.. £40) was Involced to MOZES in
respect of Climate Hub Hire. At 31 March 2024, a balance of £nil (2023: £20) was outstsndlng and has
been included in trade'debtors.
Nottlngham Energy Partnershlp and MOZES are project partners in respect of the National Lottery
Climate Action Fund. This project Is hosted by Nottlngham Energy Partnership. During the year ended 31
March 2024, expenditure totalling £23,398 (2023.. £19,031) has been pald to Meadows Ozone Energy
Services Limited in respect of this project.
32

No￿1NGHAm ENERGY PARTNERSHIP
(A company Ilmlted by guarantee and not having a sharè capltal)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
25. 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 toward5 the assets of the charity in the event
of liquidation.
26. TAXATION
The charity Is a registered charity and is therefore exempt from tsxation.
33