2022-12-31-accounts

	Page
Charity officers and other information	1 - 3
Trustees' report	4-9
Independent Auditor's report	10 -14
Statement of Financial Activities	15
Balance sheet	16
Cashflow statement	17
Notes to the financial statements	18-27

Trustees	The following trustees served throughout the year:
	PO Yilmaz
	M Costa Filho (Resigned 7 September 2022)
	T Fjarean (Resigned 7 September 2022)
	P Miras Salamanca (Appointed 7 September 2022)
	B Gunal (Appointed 7 September 2022)
Charity Number	1151654
Company Number	08300105
Principal Address	Energy Institute
	61 New Cavendish Street
	London
	W1G 7AR
Registered Office	Energy Institute
	61 New Cavendish Street
	London
	W1G7AR
Auditors	Rickard Luckin Limited
	Registered Auditors and
	Chartered Accountants
	1st Floor
	County House
	100 New London Road
	Chelmsford
	Essex
	CM2 ORG
Bankers	Natwest Bank plc
	125 Great Portland Street
	Fitzrovia
	London
	W1W6AX

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		**- **	CJ	L	NJ
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	02	N d oc — □ ( o ‘w Q D UI cn C 8 —	M J c O E O	T	in	c O C a. X	t 3 c □ D) V5	CD N cn C o (O	o uh O _Q( ‘s ( U	co ( P o c Q O 2 O	in 2 B s o Z	co on	CD N Nu CD N CO M OY CD	LA CD CD	The notes on pages 18 to 27 form part of these accounts.	The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

		Group	Group		Charitable	Company
		2022		2021	2022	2021
	Note	£		£	£	£
Fixed Assets
Fixed asset investments	9				2	2
Current Assets
Debtors	10	212,513		54,096	215,673	60,921
Cash in hand and at bank		158,651		390,553	151,491	383,394
		371,164		444,649	367,164	444,315
Current Liabilities - Amounts
Falling Due Within One Year
Creditors	11	(55,238)	_	(62,958)	(55,238)	(52,448)
Net Current Assets		315,926		381,691	311,926	391,867
Total Net Assets		315,926		381,691	311,928	391,869
Funds of Charity
Unrestricted funds	15	194,665		260,430	190,667	270,608
Desigated funds	15	121,261		121,261	121,261	121,261
Total Charity Funds		315,926		381,691	311,928	391,869

	2022		2021	2021
	Notes £	£	£	£
Cash flows from operating activities
Cash absorbed by operations	17	(231,902)			130,426
Investing activities
Interest received				25
Net cash generated from investing activities		-			25
Net cash used in financing actvities		-			-
Net decrease in cash and cash equivalents		(231,902)			130,451
Cash and cash equivalents at beginning of the year		390,553			260,102
Cash and cash equivalents at end of year		158,651			390,553

A summary of its trading results for the year ended 31 Dec	ember 2022 is as follows:
	2022	2021
	£	£
Turnover	8,048	10,244
Administrative expenses	6,128	(17,811)
	14,176	(7,567)
Retained in subsidiary to be gifted to the charity	3,670	-
Capital and reserves	3,999	(10,177)

The profit/(loss) for the charitable company in the year:	(79,941)	(368,892)
INCOME FROM INVESTMENTS	2022	2021
	£	£
Interest receivable	-	25
INCOME FROM CHARITABLE ACTIVITIES	2022	2021
	£	£
Congress income	400,000	143,624
Subscriptions income	146,178	160,035
TOTAL	546,178	303,659

		Workshop,		Total	Total
	Youth	seminar and		2022	2021
	activities	projects	Congress
Support costs	5,479	21,918	82,191	109,588	141,323
Travel costs	4,874	19,496	73,109	97,479	38,651
Staff costs	20,953	83,810	314,289	419,052	478,602
	31,306	125,224	469,589	626,119	658,576

Other fees payable to the group auditors	include the following services:
Accountancy	2,250	2,120
Taxation	-	1,275
Other	635	-
	2,885	3,395
Other	2022	2021
Other expenditure	-	14,000

Employees
	2022		2021
Average number of employees during the year	__3		__	3
The number of employees whose annual remuneration was	2022		2021
£60,000 or more were:
£70,001 - £80,000		1		1
£110,001 - £120,000	-			1
£200,001 -£210,000		1	-
£220,001 - £230,000	-			1
	____	2		3

Employment costs for the parent company	2022	2021
Wage and salaries	373,224	424,451
Social security costs	40,711	46,549
Other pension costs	5,117	7,602
	419,052	478,602

9.	Fixed Asset Investments
		Group			Charity
		2022	2021	2022		2021
	Historical value at 1 January 2022 & 31
	December 2022			2		2
10.	Debtors
		Group			Charity
		2022	2021	2022		2021
	Trade debtors	198,074	43,688	198,074		43,480
	Other debtors	8,050	2,662	11,210		9,695
	Prepayments and accrued income	6,389	7,746	6,389		7,746
		212,513	54,096	215,673		60,921

Creditors
	Group			Charity
	2022	2021	2022		2021
Trade creditors	13,258	7,565	13,258		7,565
Accruals	23,939	26,535	23,939		20,355
Social security and other taxes	18,041	28,858	18,041		24,528
	55,238	62,958	55,238	____	52,448

	Group	Group			Charity
	2022		2021	2022		2021
	£		£	£		£
Operating leases which expire:
Within one year	4,500		1,500	4,500		1,500
Between two and five years	-		-		-	-
	4,500	_	1,500	4,500 __		1,500

Unrestricted	Designated	Total	Unrestricted	Designated	Total
Funds	funds		Funds	funds
2022	2022	2022	2021	2021	2021
£	£	£	£	£	£
Fund balances at 31
December 2022 are
representd by:
Current assets/(liabiities) 194,665	121,261	315,926	260,430	121,261	381,691
194,665	121,261	315,926	260,430	121,261	381,691
CASH GENERATED FROM OPERATIONS
			2022		2021
			£		£
Surplus/(Deficit) for the year			(65,765)		(376,459)
Adjustments for:
Investment income recognised in SOFA					(25)
Cash on deposit, included within investments					500,000
Movement in working capital:
Decrease/(Increase) in debtors			(158,417)		(2,962)
(Decrease)/Increase in creditors			(7,720)		9,872
Cash absorbed by operations			(231,902)		730,426