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||**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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**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.|
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|||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|
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||**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|
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|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)|
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|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|
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|||**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|
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|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|
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|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|
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|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|
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|**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|
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||**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|
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|**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|
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