Charity registration number 1131987 {England and Wales) Company reglstratlon number 7012694 GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Christopher Campbell Mrs Zoe Fenwick Mi55 Marnie Hayward Mr Nick Rattv Mr Michael Risden Mr Johnathan Samuel (Vice Chairl Mr Mark Dawson Mr Gordon Lishman CBE (Chairl (Appointed 21 May 20241 Secretary Miss Maureen Nolan Charlty number IEn8land and Wales) 1131987 Company number 7012694 Registered offlce 2 Kingdom Street London W2 6BD Independent examlner Tony Stanley ACA Mitchell Charlesworth Suite5 C, D, E & F 14th Floor, The Plaza 100 Old Hall Street Liverpool L3 9QJ Bankers HSBC plc 99-101 Lord Street Liverpool Merseyside L2 6PG SollcStors Wrigleys 19 Cookridge Street Leeds West Yorkshire LS2 3AG
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, report, including Statement of trustees, responsibilities Independent examlner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 10-15
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reportin8 Standard applicable in the UK and Republic of Ireland and the Charities SORP '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 IFRS 1021" Objectives and activities The objects are to promote and support gas safety in order to advance health and save lives by providing education in relation to gas safety and by promoting any purpose that is charitable according to the laws of England and Wales and which furthers gas safety as determined by the Trustees. Actlvltles, achlevements and performance The Charity continued to focus on its two existlng major successful grant programmes durlng the reportSng perlod. During the reportlng period, the charSty made the following substantSal grants: Thlnk CO Pro ramme The Programme focuses on developing and promoting advisory and campalgn materlal on carbon monoxlde ICOI polsoning by offerin8 a range of accessible resources includin8 in-person workshops, online workshops and e-learnin8. The tar8et audience for the Programme is "trusted intermediaries" in the public sector, voluntary organisations and care providers. These are the people most trusted to advise service users and, as they visit people in their homes or offer advice over the phone, they can look for and ask about symptoms and danger points. The materials include advisory leaflet5, factsheet5, Posters and training materials which were revised and updated during the year. A total of 56 online workshop5 were delivered during the period. 36 generic hour long work5hop5 were delivered to 1,137 people. 10 Customised workshops were delivered to over 200 people in.. Kent County Council,. local Citizens Advice,. Cadent and Birmingham Community Health.. and Caribbean and African Health. A new model of delivering online workshops was developed in partnership with NEF'S Better Housing Better Health project, where a 20 minute mini workshop was delivered as part of an hour long workshop on fuel poverty. During the period, 7 workshops were delivered to 215 people. Face to face workshops were run in partnership with SGN, Wales & West Utilities and Jersey Fire & Rescue Service, delivered in Portsmouth, Bristol, Glasgow, Fife and St Heller. A customised face to face workshop was run for Nottingham County Council and Nottingham City Council and Nottingham City Council staff from their sensory loss team, with a particular focus on messages for vulnerable clients with hearing loss. Three customised workshops were run with the Scouts at two residential events for Scout leaders. There was a consistent demand during the period for e-learning, with 393 people registering for the generic course. In addition, SCORM versions of the course were added to the learnin8 management systems of organisations includin8 Brighton Council, the Centre for Sustainable Energy and SGN. 88 people completed the e learning course on the SGN LMS between October 2023 and March 2024. A customised e learning course for the Scouts has been developed which will be made compulsory for all Scout leaders in the UK. Additional resources have been developed with free access. These include downloadable guides from the GSC website and fllms via YouTube. Versions are available as BSL Idownloaded 4,320 times), Hindi17301. English12211, Bangla11551.
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A Think CO App has been developed IApple and Android versions), supported by the Gas Distribution Networks IGDNsl. The App is in the final stages of development and testing and will be launched shortly. The grant awarded for the extension of the programme for the year was £132,000 Ibased on 275 day51 plus VAT and expenses. A Review Group of Trustees monitored the programme and met the delivery agency at regular intervals during the year to review progress. The Think CO Programme produces a quarterly newsletter outlining the Programme's work, as well as information on CO safety. Four e-Newsletters were produced and circulated during the period. The mailing list currently has over 2,600 subscribers and is GDPR compliant. Foundatlons Inde endent Llvln Trust FILT The Charity continued to fund the successful programme in collaboration with Foundations Independent Living Trust IFILTI for a further year. The grant is spent via local Home Improvement Agencies IHIAS) on small Brants to individuals and families in urgent need of a small sum of money to inspect, repair or replace gas systems and appliances. All the work undertaken relates directly to improving or maintaining gas safety, in the form of inspections, services, or repairs to pipework, fires, boilers and cooker5. The grants facilltated by the Charity also enable local HIAS to access further support. The funding leveraged in from other sources to supplement the support provided by the Charity durin8 the period for gas safety related work was £687,486.41 which significantly increases the total value of the Charity's contribution. It does not include other interventions that often arise from HIA visits, including welfare benefit checks and other home safety projects. The Programme has a signlficant impact on the Ilves of vulnerable people. Everyone who has benefitted from the scheme lives in privately owned accommodatiors and most are over 60 with low income and/or a disability,. Smaller numbers of clients are under 60 with low income and/or a disability,. and a small number of others are considered by the HIA to be exceptionally vulnerable. The grant awarded for the period was £275,000 plus a Service Delivery charge of £33,757 Ilncludlng VATI. The amount spent was £274,559.02, with incomplete cases rolled over into the following year. 19% of interventions received allocotions of between £51 and £lOO. During the period, 1,705 households were helped with gas safety intervention work from the Gas Safe Charity (against a target of 1,5001. A total of 3,466 different measures were undertaken to improve gas safety and the average cost per intervention was £162.35 (against a target of £183.33). The most frequently requested Snterventions were for boller repairlservicing measures12,6641 or replacement measures18021. Funds were distributed to a total of 37 HIA delivery partners across the UK, including Care & Repair organisations, housing associations and services within local authorities. In addition, FILT manages a small national grant from the Charity of £5,000 which enables the HIAS in England and Scotland which are not amongst the selected local delivery partners to apply for and access the fund, subject to the usual criteria. The grant to Care & Repair Cymru cover5 the whole of that country. A Trustee Review Group monitored the programme and met the delivery agency on a regular basis during the year to review progress.
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 CASORT A two year pilot project between the Charity and Citizens Advice Stockport, Oldham, Rochdale and Trafford Group ICASORTI was launched on 01 April 2025. The project is a scalable model aimed at expanding awareness and resources around gas safety in the Greater Manchester area. Total funding for the project is £150,000,. £80,000 was provided by HSE and the Charity will provide the remaining £70,000 for the second year. The programme will focus on three Core areas.. an education campaign to raise awareness,. grants to support servicing of gas appliances,. and signposting and referral to existing national and local 5cheme5 The project will support 44,700 people with online and practical sUPPOrt on how to be gas safe, providing financial as515tance to the most vulnerable people for servicing and repairing gas appliances with advice and information on accessing grants for replacements where appropriate. 35 community or8anisations will be involved with the aims of reachin8 9,700 people with direct support materials and 35,000 people via social media and other marketing. Flnanclal revlew Total income to the charitable company for the period was £594,70812023.. £520,657). Expenditure totalled £533,05612023: £500,481), with net income of £61,65212023.. £20,176). All funds are unrestricted. Re5erve5 policy The General Fund is the accumulated revenue reserve and Is avallable to be spent at the discretion of the Trustees. The Trustees have agreed that the Charity will not build substantial reserves and will use Sts income to meet the needs of beneficiaries and as Opportunities arise to maximi5e the Charity'5 effectiveness in meeting its objects. As the charity has no continuing obligations to set against its income, it has no formal reserves policy. The Charity's main income is received in May each calendar year and It manages Its expenditure over the financial year (October- September). At 30 September 2024, total reserves were £746,75012023.. £685,098). Investment policy The continuing oblectlve of the charity's Investment pollcy is to maximSse income In the medium term to spend for the benefit of the charity's beneficiaries. It Is managed on behalf of the Board by the Investment Committee which meets as required. The Investment Committee is advised as necessary on the prudent stewardship of resources and takes decisions from time to time on the management of accumulated reserves. Risk Management The Trustees review the full Risk Register each year and the overall level of risk is a55es5ed a51ow. During the year, the charity reviewed it5 financial and banking arranBements and 15 satisfied that they continue to be secure. The charity remains assured the grants have been properly spent on their designated purposes in the interest5 of the charity's beneficiaries. Plans for future periods A new Concession Agreement between the Health & Safety Executive IHSEI on behalf of Government and Capita Business Services Limited is in effect for the period April 2025 to December 2029. The first payment the Charity will receive under the new Concession Agreement is £540,558. Payments will be adjusted annually in line with increases in CPI lindexation based on the rate at 30 November each yearl, the first adjustment taking place at the end of the second Contract Year. The level of continuing income to the Charity is guaranteed until December 2029. The Charity continues to focu5 on it5 succe55ful and proven core programmes, developing and expanding these where p055ible into new and related areas. Decisions on whether to continue to fund individual projects are based on outcomes presented to the Board in regular reports during the project. Each year, the grant recipients submit a proposal and the Board decides on the basis of the application and the succe55 of the Programme during the year whether to continue or amend the grant.
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure, governance and management The charity 15 a company limited by guarantee without share capital governed by its Memorandum and Articles of Association, incorporated in England and Wale5 on 8 September 2009 (company registration number 70126941 and registered a5 a charitv with the Charity Commission on 5 October 2009 Icharity registration number 11319871. The period of the account5 covered by this report is from l October 2023 to 30 September 2024. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Mr Christopher Campbell Mrs Zoe Fenwick Miss Marnie Hayward Mr Nick Ratty Mr Michael Ri5den Mr Johnathan Samuel (Vice Chairl Mr Mark Dawson Mr Gordon Lishman CBE IChaSrl Mr John Rowe IAppointed 21 May 20241 IResigned 21 November 20231 Recruitment ond oppointment of trustees The Board met on seven occasions during the year to transact the business of the charity, Includin8 an awayday session. Each of the Charity's major projects Is overseen by small review group of Trustees who meet regularly with project managers and provide scrutiny and feedback to Board meetings. New Trustees are asked to $18n a declaration of willingness to serve and participate in an induction session shortly after appointment. A pack of background reading and reference material is provided to new Trustees and important documents are stored centrally on Share Point and are available to all Trustees. Trustees are asked periodically to identify any individual or group training needs, which are addressed at an Awayday session or as appropriate. Publlc Beneflt The trustees have consldered the Charity Commission's guidance on public benefSt and are satisfied that the activities of the charity are wholly appropriate in that context. The Charity's activities are for the benefit of the public, via the major 8rant programmes. These programmes target people who are most vulnerable and hard to reach, with tailored message5 about carbon monoxide and 8as safety. The Thlnk CO programme helps to ensure that the 'trusted Intermedlarles, Ipeople who work dlrectly with those potentlally at risk) know the symptoms and danger 5igna15 of carbon monoxide poisoning and also that they communicate those to older and disabled people, those with long term medical conditions and others who are vulnerable. The Charity works in partnership with Foundations Independent Living Trust IFILTI on its programme aimed at improving gas safety in the homes of older, disabled and vulnerable people in cases of hardship and urgency. The CASORT programme will drive the Charity's messages to the most vulnerable groups in the Greater Manchester area. The programme will empower diverse community organisations and leader5 in advising their own communitie5, reaching more people and specifically those who are conventionally described as "hard to reach".
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Statement ol trustees, wponslbllltles The tru5tee5, who are a150 the director5 of Ga5 Safe Charity for the purpose ol company law, are re5pon5ible lor preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standard5 (United Xin8dom Generally Accepted Accounting Practice). Company law requires the trustees io prepare fiftanclal stsiements for each linanclal year which Bive a true and falf vlew of the slate OF affairs of the charity and of the incomlng resources and applicèilon of fftsources, includlng the Income and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accountlnE policies and then apply them consistently. observe the methods and principles in the Charities SORP.. make ludgements and estimates that are reasonable and prudent. state whether applicable UK Accountin8 Standards have been followed, subject to any materSal departures disclosed and explained In the financial staiements,. and prepafe the linanclal staiements on the 80in8 concern basis unless 11 Is Inappropriate to presume thal the charlty wlll contlnue In operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accurac¥ ai any time the financial position of the charity and enable them to ensure that the financial siatoments comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charity and hence for t*kin8 reasonable steps for rhe Prevention and detection ol fraud and other irre8ularlties. The trustees. report was approved by the Trustees. Mr Gordon Llshmèn CBE Ichalrl Trustee D•te: 27 June 2025
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAS SAFE CHARITY I report to the trustees on my examination of the financial statements of Gas Safe Charity (the charity) for the year ended 30 September 2024. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 21X)6. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examlner's ststement Since the charitv's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered a5 part of an independent examination; or the financial Statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitie5 applicable to charities preparing their financial statements in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Tony Stanley ACA Mltchell Charlesworth Suites C, D, E & F 14th Floor, The Plaza 100 Old Hall Street Liverpool L3 9QJ Date.. 30 June 2025
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Incorne from: Donations and legacies Investments 591,676 3,032 519,420 1,237 Total Income 594,708 520,657 Expendlture on: Charltable actlvities 533,056 500,481 Total expenditure 533,056 500,481 Net Income and movement In funds 61,652 20,176 Reconclllatlon of funds: Fund balances at l October 2023 685,098 664,922 Fund balances at 30 September 2024 746,750 685,098 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities complies with the requirement5 for an income and expenditure account under Companies Act 2006. All income and expenditure derive from continuing activities.
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT30 SEPTEMBER 2024 1024 2023 Notes Currenl Debtors Gish at bank and in hand 12 240,000 535,933 240,000 481,519 775,933 129,1831 721,519 136.4211 Credltors: amounts lallln8 due wlthln one year 13 Net current assets 746,750 685.098 The funds of the charlty Unrestricted funds 746,750 685,098 746,750 685,098 The company Is enlltled lo the exemptlon from the audlt quIrement contaSned In sectlon 477 of the Companles Act 2rx)6. for the year ended 30 September 2024. The dlrector acknowledges hls responslbllliles for complyinl with the requlrements ol the Companles Act 2006 with respect to accountini records and the preparatlon of financial statements. The mefnbers have not required the company to obtain an audit of its financial 5tatement5 for the year in question In accordance with seaion 476. These flnancial siatemen15 have been prepared In accordance wllh the provlslons appllcable to companles sublea to the small companles reglme. The Ilnancial Siatements Wre approved by the Irustees on 27 June 2025 Mr Gordon Llshman CBE Ichalrl Truste• Company regtstration number 7012694 (England and Wales)
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 15 51,382 14,156 Investlng artlvltles Investment income received 3,032 1,237 Net cash generated from Investlng actlvltles 3,032 1,237 Net cash used In flnancln8 actlvltles Net increase in cash and cash equivalent5 54,414 15,393 Cash and cash equivalents at beginning of year 481,519 466,126 Cash and cash equlvalents at end of year 535,933 481,519
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Charity information Gas Safe Charity is a private company limited by guarantee incorporated in En8land and Wales. The registered office is 2 Kingdom Street. London, W2 6BD. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Entity a5 defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accountin8 policies adopted are set out below. 1.2 Golng concern At the time of approving the financial 5tatement5, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the 80ing concern basis of accounting in preparin8 the financial statements. 1.3 Charitable funds Unrestrlcted funds are avaS13ble for use at the discretlon of the trustees Sn furtherance of thelr charitable oblectlves. Restricted funds are subject to speclftc conditlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subiect to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it Ss probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants and voluntary income which are donations are recognised on accrual basis. 10-
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles (Contlnuedl 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer etonomic benef it to a third partvfft It is probable that a transfer of economic beneflts will be requlred in settlement, and the amount of the obligatlon can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to grants payable are charged to the Statement of Flnancial Activlties when they have been approved by the Board of Trustees. Expendlture Includes anv VAT which cannot be fully recovered, and is reported a5 part of the expenditure to which it relates. Governance Costs relate solely to the Beneral running of the charity as opposed to management of charitable activitv. They comprise independent examination costs, company secretarial costs and expenses incurred in relation to Trustee meetings and activities of a governance nature. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. 1.7 F5nanclal Instrument5 The charity has elected to apply the provisions of Section 11 'Basic FSnanclal Instruments, and SectSon 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments are recognised Sn the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the Ilabillty simultaneously. Boslcfinonclal ossets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing tran5a¢tion, where the tran5artion is measured at the present value of the future receipt5 discounted at a market rate of interest. Financial assets cla55ified as receivable within one year are not amortised. Baslcflnanclal liabllltle5 Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised Cost using the effective interest method. 11
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles (Contlnuedl Derecognition offinancial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.8 Taxatlon The charity benefits from various exemption5 from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. Crltl¢al a¢¢ountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions abotst 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 estimate5. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised In the perlod in whlch the estimate Is revlsed where the revlsion affects only that period, or In the period of the revision and future perlods where the revision affects both current and future perlods. No significant accounting estimates or judgements were applied in the preparing these financial statements. Income from donatlons and le8a¢les Unrestrlcted funds 2024 Unrestrlcted funds 2023 DonatSons and gifts 591,676 519,420 Income from Investments Unre5trlcted funds 2024 Unrestrlcted funds 2023 Interest receivable 3,032 1,237 12-
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expenditure on charitable activities Charitable artivities Charitable artivities 2024 2023 Dlrert costs Foundations Independent Living Trust Grants FILT Service fee5 Think CO Grants 275,000 33,757 191,700 275,002 33,757 157,193 500,457 465,952 Share of support and governance costs {see note 6) Governance 32,599 34,529 533,056 500,481 Analysis by fund Unrestricted funds 533,056 500,481 Support cost5 allocated to activities 2024 2023 Governance Costs 32,599 34,529 Analysed between: Charitable activStSes 32,599 34,529 2024 2023 Governance costs comprlse: Independent examiner5 fees Legal and professional Chairman and Trustees expenses Insurance Website costs Other 3,881 24,026 2,029 413 1,320 930 3,700 27,947 634 413 1,320 515 32,599 34,529 Governance costs includes payments to the independent examiner5 of £3,88112023.'£3,7001 for independent examiners fees and £1,83512023..£2,1001 in relation to accounts preparation. 13-
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Net movement in funds 2024 2023 The net movement in funds 15 Stated after chargingllcreditingl: Fees payable for the independent examination of the charity's financial statements 3,881 3,700 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charitv during the year 12023.. Nonel. Three trustees have claimed expenses to reimburse travel, accommodation and subsistence costs £60612023..£634 paid to three trustees) Employees The charity had no employees during the current or prior year. Remuneration of key management personnel The remuneration relates to an external consultant that performs a key management role. 2024 2023 Consultancy fees paid 20.451 25,847 10 TaxatSon The charity is exempt from tax on income and gain5 falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extend that these are applied to its charitable objects. li Flnanclal Instruments 2024 2023 Carrylng amount of flnanclal assets Debt instruments measured at cost 775,933 721,518 Carrying amount of flnanclal Ilabilltle5 Measured at cost 29,183 36,421 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Prepayments and accrued income 240,000 240,000 14-
GAS SAFE CHARITY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Creditors: amounts falling due withln one year 2024 2023 Trade creditors Accruals and deferred income 2,856 26,327 15,587 20,834 29,183 36,421 14 Related party transactlons The Health and Safety Executive IHSEI and the Provider under the Ga5 Safe Register contract - Capita Business Services Ltd are each entitled to be member of Gas Safe Charity but have not taken up their membership. In accordance with the Articles of Association, as far as practicable, each of HSE and Capita Business Services Ltd appoint at least one Trustee. The Trustee for Capita Business Services Ltd is Jonathan Samuel. The HSE Trustee is Mark Dawson (appointed in May 2024, formerly John Rowe who resigned 21 November 20231. Arising from the Concession Agreement between the HSE and Capita Busine55 Services Ltd . £569,52612023'.£509,3801 was received from Capita Business Service5 Ltd during this year. 15 Cash generated from operatlons 2024 2023 Surplus for the year 61,652 20,176 Adjustments for: Investment income recognised in statement of financSal activities 13,0321 11,2371 Movements in working capital: (Decrease) in creditors 17,2381 14,7831 Cash generated from operatlons 51,382 14,156 15-