**Charity registration number 1165592** ## **ENERGISE ME** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **ENERGISE ME** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Jon Monkcom|(Resigned 11 July 2025)| |---|---|---| ||Steven Pease|(Re-elected 18 July 2024)| ||Dr Paul O’Halloran|(Re-elected 18 July 2024)| ||Selina Russell|(Resigned 16 May 2025)| ||Zoe Williams|(Resigned 17 June 2024)| ||Natalie Austin|(Resigned 16 May 2025)| ||Kate Kewley|| ||Simon Lovegrove|(Resigned 16 May 2025)| ||Dr Shakiba Moghadam|| ||Sam Forwood|| ||Jane Thomson|(Resigned 16 May 2025)| ||Dr Heather Mitchell|(Appointed 06 February 2025)| ||Helen Brooker|(Appointed 16 May 2025)| ||Mike Harris|(Appointed 16 May 2025)| ||Tim Lander|(Appointed 16 May 2025)| |**Chief Executive Officer**|Julie Amies|| |**Charity number**|1165592|| |**CIO registration number**|CE005425|| |**Principal office**|Athelstan House|| ||St Clement Street|| ||Winchester|| ||Hampshire|| ||United Kingdom|| ||SO23 9DR|| |**Auditor**|Azets Audit Services|| ||Third Floor, Gateway House|| ||Tollgate|| ||Chandlers Ford|| ||Hampshire|| ||United Kingdom|| ||SO53 3TG|| ## **ENERGISE ME** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 8| |Independent auditor's report|9 - 11| |Statement of financial activities|12| |Balance sheet|13| |Statement of cash flows|14| |Notes to the financial statements|15 - 29| ## **ENERGISE ME** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ Energise Me is a Charitable Incorporated Organisation. It is committed to tackling the things that prevent active lifestyles, so everyone can improve their health and happiness by moving more. It is registered with the Charity Commission under charity number 1165592 and with Companies House under the Company Registration Number CE005425. The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025. The trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees are also directors for the purposes of company law and present their strategic report for the year ended 31 March 2025 in compliance with s414C of the Companies Act 2006. ## **Objectives and aims** The objects of the charity are to promote community participation in sport and healthy recreation for the benefit, in particular, but not exclusively, of the inhabitants of Hampshire and the Isle of Wight in the interests of social welfare for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities and services, in particular by: 1. Working with and through local agencies to increase levels of participation in sport and physical activity. 2. Promoting and providing programmes, services and facilities for sport, recreation, physical activity, informal education and other leisure-time occupation for healthy recreation. 3. The improvement and preservation of good health and well-being through participation in healthy recreation. 4. Facilitating and providing impact evaluation, performance measurement and related intelligence for public benefit in the context of sport, recreation, physical activity and wider health and well-being. 5. Promoting and providing education, training and coaching courses which promote physical health and fitness. ## **Who we are** Energise Me is a charity that champions physical activity for all in Hampshire and the Isle of Wight. We are working hard to make it easier for everyone to move more. Our goal is to create a happier, healthier and stronger future for local people. We won’t rest until everyone has the confidence, support and opportunity to be active on their own terms. Physical activity transforms lives. Our work is helping people to reduce their risk of major illnesses and depression. We are enabling communities to thrive. But we still have a long way to go. We are one of 42 Active Partnerships across England who work with partners to create an active nation. - 1 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Strategy and Impact** With the launch of the We Can Be Active Strategy in November 2020, we set out Energise Me’s role to help deliver it in this document Energise Me will. Our work focuses on the 5 goals of the We Can Be Active Strategy: 1. **Positive early experiences** for our children and young people 2. **Opportunities** that meet our needs and interests and are accessible and easy to find. 3. **Places and travel routes** where we _all_ feel safe and are encouraged to be active. 4. **Support** to help us get started or keep moving when we feel that we can’t do it alone. 5. **Bold leaders** working together to create happier and healthier communities. In 2024/25 we really challenged ourselves to do things differently and bring our partners and collaborators along with us. A big part of this was developing our version of impact. Instigated by our role delivering the Hampshire Active Health Programme, we challenged normal reporting practices, learning how to ask different questions and dig deeper into ‘why’ things work or why they don’t! We’ve changed the way stories of impact are showcased, making sure that the owners of each story take the lead and people have the chance to comment, question and understand in more detail. This has meant changing the format of events and networks, giving more power to members and attendees. And we’ve capitalised on the impact of relationships we’ve developed over the past four years. Spending time building that trust has allowed us to embed brand new physical activity roles into spaces they didn’t exist previously. There’s still work to do. We’re taking everything we’re learning into the next 2 years of our current investment period to help us develop and grow, so we can do the very best for networks and communities in Hampshire and Isle of Wight. Our 2024-25 Impact Report sets out in more detail the work of Energise Me in 2024-25. ## **Hampshire Talented Athlete Scheme** Due to cost savings at Hampshire County Council, funding came to an end in 2023-24. As a result, we have remodelled the Hampshire Talented Athlete Scheme to enable us to continue to support athletes to reach their goals in Olympic, Paralympic and Commonwealth Games disciplines. The scheme is now managed and funded (£11,172) by Energise Me to support local athletes on their path to the world stage. Athletes from over 70 sports are eligible to apply. Our athletes are varied in their disciplines, so we work closely with each National Governing Body (NGB) to make sure we’re giving the right support. We look at many factors to help us determine what is needed including national or international rankings, competition results for individuals or team selections. We aim to be as inclusive as possible. However, we can only provide for sports that have a clear pathway for Olympic, Paralympic and Commonwealth Games disciplines. In 2024 two hundred and thirty-six athletes were accepted onto the scheme, 210 as extended members and 26 as a member. Extended members can benefit from the free access to leisure facilities. All members can access the Hampshire Talented Athlete wrap around support provided by Southern Academy of Sport (camp and online workshops, where athletes can learn about recovery, competitions mind set and preparation etc) and fast-track physiotherapy. Every area of the administrative county of Hampshire was represented amongst the awards, evidencing good geographical reach. From 1[st] January 2025, the scheme was extended to support Portsmouth and Southampton with unrestricted funds from Energise Me. This has attracted several members from each area within the first few months. ## **Coaching** , **Volunteers and Officials Bursary** Coaches, volunteers and officials are part of our bold leaders workforce that we need to support people to be active. The Coaching, Volunteers and Officials Bursary scheme supported 30 people to develop their skills to support 15 different sports or activities including cycling, cheerleading, swimming and much more. - 2 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Culture in Common** Culture in Common is the Creative People and Places (CPP) programme for the New Forest, funded by Arts Council England (ACE). It is giving local people of the New Forest the chance to enjoy, commission and create their own artistic activities, events and opportunities. In 2022 a New Forest consortium, led by Energise Me, was successful in its bid to ACE for £1m investment to fund the first three years (April 2022 – March 2025) of a 10-year vision to bring communities together to enjoy Culture in Common. To provide security and stability for current projects, ACE recently announced that it was extending the 2022-25 CPP National Portfolio funding for one year, to 31 March 2026. The project aligns to the objects of the charity as well as the mission of the We Can Be Active Strategy. As well as participating in Arts and Culture for their own intrinsic physical and mental benefits, we want to explore the opportunity to create new ways for people to be physically active through Arts and Culture. Culture in Common has a consortium made up of Energise Me, Folio, The Handy Trust, New Forest District Council and New Forest National Park Authority. It blends arts, community engagement, heritage, physical activity and health expertise. The Consortium is passionate about collaborating and building authentic relationships with New Forest communities. CPP targets investment into parts of the country where engagement in arts and culture is significantly below the national average. These places overlay with places where physical activity levels are low. CPP focuses on finding ways for communities to take the lead in shaping or co-creating local cultural provision. The aim is to reach and connect with people who aren’t involved and support them to experience, create and be inspired by arts, culture and heritage, both as audiences and participants. Culture in Common is helping to develop a thriving community-driven arts scene in the district. In the first two years, the programme has focused on Totton & the Waterside, New Milton & Pennington and Fordingbridge and has reached 20,000 residents. ## **Investment** All our work is made possible with the investment and support of our core funder, Sport England and the National Lottery. Energise Me receives investment for its core services and further investment for delivery including the School Games, Core Services, Active Lives and Sport Welfare Officers. New in 2024-25 were 2 investments for place work in Southampton and Portsmouth. Other investments include Hampshire County Council investment into a Physical Activity Clinical Champion role, Arts Council England & New Forest District Council funding for Culture in Common and The Blagrave Trust, Battersea Arts Centre & Kristian Gerhard Jebsen Foundation investment into The Agency and the Active Partnership Network for the Opening School Facilities programme. Furthermore, Hampshire Cultural Trust, New Forest National Park Authority, St Barbe’s Museum & Art Gallery and The Handy Trust have donated gifts in kind to Culture in Common during 2024-25. - 3 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Safeguarding** A safe and supportive environment enables children, young people and adults at risk to enjoy physical activity and sport. Safeguarding sits at the heart of everything we do at Energise Me. We have a designated lead officer (DSL), a deputy lead officer and a Board Champion and 2 Sport Welfare Officers. Safeguarding is a standing item on every team meeting. Each year, Energise Me has an annual review with the Child Protection in Sport Unit (CPSU) to assess if we meet the Safeguarding Standards. Our review assessed that we met the standards. In addition to our ongoing, embedded safeguarding work we have: - Facilitated an event for club welfare officers, committee members and coaches to help develop wellbeing and welfare practices within their settings. The event took place in October. Club representatives attended the session and it provided the Sport Welfare Officers with some great insight on ways in which clubs need support moving forward. Guest speakers include Mind and YGam and the overall emphasis was on developing a positive culture. - One of our Sports Welfare Officers is leading work on our Adults Safe Framework submission to the Ann Craft Trust. She is compiling evidence with the team for the 10 essential criteria. - The Sports Welfare Officers have provided additional expertise to check, challenge and support other areas of our work e.g. the workforce bursary. They cross check policies and offer advice to clubs on the best safeguarding practice. - We have an internal Safeguarding working group who curated and shared content in support of Keeping Your Child Safe in Sport Week in October and Safeguarding Adults Week in November. Over the 2 campaigns, we observed the following: 1. Keeping Your Child Safe in Sport Week - across 9 social media posts (before, during and after), 1036 impressions and 41 engagements. Our Safeguarding webpage was the most viewed webpage (after homepage) during this week. 2. National Adult Safeguarding Week - across 10 social media posts, 1151 impressions and 105 engagements with 3 posts recognised by the Ann Craft Trust and 1 recognised by Child Protection in Sport Unit. ## **Financial Review** Financial results for the year ended 31 March 2025 are shown in the statement of financial activities on page 12 with the associated assets and liabilities set out in the balance sheet on page 13. The statement of cash flows for the year is on page 14. Supporting notes to the accounts are on pages 15 to 29 and provide additional information to support the figures in the main statements. The financial statements have been prepared to comply with the Statement of Recommended Practice and Reporting of Charities SORP (FRS 102) (effective 1 January 2019). Total incoming resources for the year were £1,814,352 (2024: £1,431,356), resources expended were £1,761,515 (2024: £1,489,877) and the surplus for the year was £44,702 (2024: surplus £5,537). Sport England continue to be the principal funder of core activities. There is £330,844 of accrued income which relates to grant funding awarded in 2024-25 but has yet to be drawn down in cash. The cash will be drawn upon over the next 2 years of the remaining reward period. The charity’s investment into the CCLA in 2024-25 delivered a loss of £8,135. In 2024-25, Sport England made total grants of £1,409,701 (2024: £830,984). At the year end, there was an underspend of £225,000, which has been provided for. Arts Council England contributed £384,486 (2024: £312,207) to support the Culture in Common project in the New Forest, providing 19% of income for the year. Hampshire County Council contributed £25,000 towards a new Physical Activity Clinical Champion role. This is a partnership between Energise Me and Hampshire Public Health. The role has an honorary contract through the Integrated Care Board. - 4 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Reserves** The organisation’s financial reserves are made up of restricted and unrestricted funds. Total funds as of 31 March 2025 were £2,273,463 (2024: £2,228,761). Restricted funds amount to £500,971 and unrestricted funds £1,772,492. The reserves policy ensures that sufficient free reserves are held to cover a minimum of nine months employment and running costs and 100% end of contract costs (in the event of any significant delays or cessation of external core funding). The fund required to cover these costs is approximately £725k. On 31 March 2025 the unrestricted fund stood at £1.77m. In December 2021, trustees approved a new Business Plan for 2022-2027. The plan aligns to the We Can Be Active Strategy. It makes unrestricted funds available of up to £200k per annum into areas of work that support the delivery of the We Can Be Active Strategy: 1. Positive early experiences for children and young people 2. Support to get started 3. Places & travel routes 4. Bold leaders working together 5. Understanding people & place 6. Promoting physical activity The Agency, Place Based work in Southampton, Health systems, Good Gym, Culture in Common and Active through Football are examples of the work that have received investment in 2024-25. A new designated reserve for the 2022-2027 business plan was set up for an initial £1.0m on 1st April 2022. £158k (2024: £64k) of designated funds were utilised in 2024-25. ## **Investment Powers and Policy** This policy provides a framework for the management of the charity's reserve funds and uncommitted funds held. The Finance and Audit Committee have delegated authority to amend and action the investment policy on behalf of the board. ## **Pay Policy for Senior Staff** The People and Performance Sub-Committee establishes remuneration frameworks and policies that promote and support alignment with the organisation’s long-term charitable aims and purposes, and with any performancerelated pay schemes relevant and proportionate to the charity sector. Pay levels are reviewed annually and in line with our business reviews. The exact level of any pay is determined by a range of factors, including the performance of the organisation, the current pay market, the funding for the service within which they work, the performance of the employee and the economy as a whole. It is not guaranteed that any pay review will necessarily result in an increase in pay. ## **Grant making policies** The charity makes many grants to different organisations and individuals. Every programme and grant scheme has its own respective policy, led by officers of the Charity and overseen by partners, funders and informed experts. - 5 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Principal Funding Sources** Energise Me's total income of £1,814,352 (2024: £1,431,356) was secured from the following sources: - Sport England Funding £1,184,701 (2024: £830,985) - Arts Council England £384,486 (2024: £312,207) - Hampshire County Council £25,000 (2024: £53,210) - Blagrave Trust £20,000 (2024: £20,000) - Battersea Arts Centre £31,150 (2024: £19,167) - Active Partnership Network £29,286 (2024: £26,959) - Investment Income £29,135 (2024: £38,627) - Gifts in Kind £31,632 (2024: £31,278) - Other Revenue £78,733 (2024: £98,923) Sport England awarded Energise Me a 5 year grant of £3,686,763 from 1 April 2022 to 31 March 2027 (the term). The grant is awarded as one of their ‘system partners’ to undertake “Systemic and Governing” and “Delivery” activity in accordance with the Project Plan we submitted. Energise Me will play a role delivering Sport England’s Uniting the Movement 10 year vision to transform lives and communities through sport and physical activity. The intent is to make sport and physical activity more inclusive across Hampshire and the Isle of Wight and aligns to our Charity’s purpose. ## **Governance** Governance has strengthened this year. The Board held a development workshop in July 2024 facilitated by an external, independent consultant. The output from the workshop informed the brief for the external board evaluation review. In line with the Tier 3 requirements of the UK Sports Governance Code, Energise Me must carry out an external board evaluation at least every 4 years. The board appointed an external, independent advisor who begun work in quarter 4 to evaluate the work of the board. The evaluator will report her findings to the July board meeting. Two trustees have been re-elected and four new trustees have been recruited bringing additional skills and experience to the board. - 6 - ## **ENERGISE ME** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ Energise Me is a Charitable Incorporated Organisation with a Foundation Model Constitution established on 16 February 2016 by the Charity Commission. Its only voting members are its trustees. ## **Public benefit** The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, Governance and Management** Energise Me is committed to ensuring its governance is dynamic and visionary. The charity actively recruits trustees with the right skills, knowledge and experience to support its work. It looks for diversity of thought, experience and background to ensure that strategic decisions are informed and challenged from different perspectives. Trustees are invited to apply through an open recruitment process. Each trustee can serve for an initial term of three years. A charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least four continuous years. There is also one nominated trustee from Hampshire County Council who can serve for three years. This position has not been taken up since 2018. An observer role with no voting rights is provided to Sport England, the principal funding partner. This position has not been taken up since the Charity was set up in 2016. However, we report to Sport England and comply with all requirements of tier 3 of the UK Sports Governance Code. New trustees undergo an orientation to brief them on their legal obligations under Charity law, guidance on public benefit, content of the constitution, the committee and decision-making processes, the business and strategic plans and recent financial performance of the Charity. During the induction, they meet key members of staff including those who they might provide specific support and mentoring to as well as other trustees. Any training and development needs will be assessed as part of the trustee’s induction process. External training and development opportunities are provided by the Active Partnership Network and trustees are encouraged to take part where it will help them to carry out their role. ## **Organisation** The board of trustees, which can have up to 11 members, administers the charity. The board meets at least 4 times a year. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate the effective running of the charity, the Chief Executive has delegated authority in some areas through a schedule of delegation that is approved by the trustees. This schedule includes finance, employment, communications, programmes, contracts and remuneration. ## **Risk Management** The board of trustees has a duty to identify and review risks to which the organisation is exposed. These are reviewed regularly at board meetings. The main areas of risk identified are Strategic, Operational and Financial. Under each heading are different areas trustees consider such as political, reputational etc. The trustees have policies, systems and processes in place to mitigate the risks identified. They also implement procedures designed to minimise or manage any potential impact on the charity should those risks arise. - 7 - ENERGISE ME TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 St•tement of I￿81¥*. re￿¢￿*1b11III•s The tmstees ar8 re$ptm%ble for preparfng th8 tru8t8es' report and the finandd ststements in acc4)rilanGe with the Unlted Klngd()rn A￿oUntIng Standards (Uniled ￿'ngdoM Generalty AL￿pted Acc(￿nIIng Practlcel and ap￿kabI• law 8nd reguknn5. Company law require5 the trustees io prepare finandal 818tements fw e8c* fin8nckg1 yÈ8r. Under Com￿nY L4W thg tNste8s must not approve the fln8ndal ststements unless they arn satIsf￿j that they glve a true and lalr vlèw of the stste of alfalrs of the Charbtable Incorpordted Organi6aUon and of Its kncoming resOurt￿$ and application ur resource5, Includlng its incc¥ne and expenditrJr8, forlhat ￿riod. In w8paring these finanazl ststanwts. the tru8t88& ere ieqtjired to.. select sumable arKounJng pKliaes and apply tsm conslslenty, • obseNe the methods antj prinup185 in the Charfdes SORP 2019 IFRS 1D2}.' makejudgernents and e8dMa￿ that are rgasonat4e and pnJd8nt; slate ￿ether 8ppIFcable UK AcA¥JunOng Standards have been frIIry•Mt1, su¥ec* to any matwial d&parturos dlsdosed gnij èxplained In the financial st8tem8nts.' and epare the 17n&ndal slatemenb on the going concem basls unl￿6 It Is InappfoprSat8 to presurne Ihot the ch8ritsbl¢ company will Continue kn op8rotlon. Tho InJstee$ are r85rM)nsSble lor kèeping adeqL18te gccounling records Ihat are SUffi￿￿t to show and explaln th8 ch8ritabb compan15 lrnrisaclions and disc105e with reasonable aruracy at any time Ihe financ￿1 p05ition of the charitsbk cLJMpany and enabkn th8rn trj ensure that the finand81 statements comply with the Compan105 Act 2006. They are akn r¢sp)n5ible for safeguarding Ihe Bssets of 1h8 cheritable company hanct for taking reaSOna￿e 1gp8 for the pre￿10n aThl detecbon ollraud and other IFregularitiBs. The tN8tees are re5poroible for the rnaint¢nancE and intsgrfty of the charlty and Inancial information included on thè charity's web5119. Legislation in the Uniled Kln9dom governing the preparation and dl&semination of financial Statements diff8f trom legislauon in otherjurisdietions. T1￿ Strat¢gr RepoTL Tru5te88' Rep￿, statirtory RepDrt and Finan¢Mal Slaternenls app￿Ved by the 8oard Tnjstees on 17 Ocaober 2025 8nd sKJned on it5 behalf by Dr Paul O'Hallor8n Chalr of Trustees Date: .. !./.io/.JoJr ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ENERGISE ME** ## **Opinion** We have audited the financial statements of Energise Me (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. - 9 - ## **ENERGISE ME** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ENERGISE ME** ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **Extent to which the audit was considered capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: - Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; - Reviewing minutes of meetings of those charged with governance; - Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; - Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - 10 - ENERGISE ME INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ENERGISE ME U•• of our report Thls ￿POrt is made soldy tD the charrty's trustees, as a body, in attordanc8 wth part 4 of the Ch8rttl8g IArLounts and Reports) RegulaJons 21x8. Our audtt WO￿ has been underld(8n so that we might slate to th8 charitys trusia•s th08è matters we are roquired to state to them in on 8uditorf6 report and for ro othgr pu￿0#8. To the fullg8t axtent Ftrmitted by law. we do not accept or gssume resP￿s1￿11ty to an￿e olher than the charity 8nd th8 tharli￿S truslees as a txjdy. for wr audil work. kn thi$ rèport. ortorth• oplnbn5 W8 haN* formed. Jtsn Ntsbl* Istnlor Stat￿•ryAudlt0I) for •nd on bBh*lf of Az•tsAudSt S•rwS¢•J 22 OAL &JiS ¢harter•d Accountants Sta￿tOry A￿ditor Third FIDor, Gateway House Tollgate Chandlers Ford Hampshire VntLed Kingdom S053 3TG ## **ENERGISE ME** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and
legacies
**3**
985
1,697,605
Investments
**4**
29,135
-
Other income
49,213
37,414
**Total income**
79,333
1,735,019
**Expenditure on:**
Charitable activities
**5**
193,157
1,568,358
Net gains/(losses) on
investments
**11**
(8,135)
-
**Net (outgoing)/incoming**
**resources before**
**transfers**
(121,959)
166,661
Gross transfers
between funds
**12**
40,226
(40,226)
**Net movement in funds**
(81,733)
126,435
Fund balances at 1 April
2024
1,854,225
374,536
**Fund balances at 31**
**March 2025**
1,772,492
500,971|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**1,698,590**
17,000
1,282,057
**29,135**
38,627
-
**86,627**
49,569
44,103
**1,814,352**
105,196
1,326,160
**1,761,515**
100,425
1,389,452
**(8,135)**
64,058
-
**44,702**
68,829
(63,292)
**-**
(16,541)
16,541
**44,702**
52,288
(46,751)
**2,228,761**
1,801,937
421,287
**2,273,463**
1,854,225
374,536|**Total**
**2024**
**£**
**1,299,057**
**38,627**
**93,672**| |---|---|---| |Donations and
legacies
**3**
Investments
**4**
Other income
**Total income**
**Expenditure on:**
Charitable activities
**5**
Net gains/(losses) on
investments
**11**
**Net (outgoing)/incoming**
**resources before**
**transfers**
Gross transfers
between funds
**12**
**Net movement in funds**
Fund balances at 1 April
2024
**Fund balances at 31**
**March 2025**||| |||**1,431,356**| |||**1,489,877**| |||**64,058**| |||**5,537**
**-**| |||**5,537**
**2,223,224**| |||**2,228,761**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 12 - ENERGISE ME BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flx•d Tangible 8Sgels Investments 13 14 38,175 544,015 16.630 552.150 582.190 568,780 DebtoryJ Cash at b&nk and h hand 15 167.856 1.728.529 133.774 1,628,291 1.896,385 1.762,IX5 Credltors: ￿QuI￿% falllng du• wSthln vne ye 16 1205,112) 1102,0841 Net ojrrènt assèts 1.691.273 1.659.981 Tot•1 a$••ts l••¥ ¢umt liabililiBa 2.2714&3 2,228,761 Income fvnds Reslrictad fvnds Deslgnatsd fijnds Gernral ￿r¢striCtsd fund$ 17 500,971 374.536 725.295 1.047.197 854,135 1.000,090 1,772,492 1.854.225 2.2n,463 2.228,781 The fi talemenls were approved by tho TnJsts85 ¢YI.... ... . . .... . Dr Pwl IYHJlloran Tru¥t•• ?3- ## **ENERGISE ME** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**23**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash (used in)/generated from**
**investing activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
**£**
105,513
(34,410)
29,135
(5,275)
-
100,238
1,628,291
1,728,529|**2024**
**£**
**£**
(365,478)
(8,241)
38,627
30,386
-
(335,092)
1,963,383
1,628,291| |---|---|---| - 14 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Energise Me is a Charitable Incorporated Organisation, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees are liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The principal office address is Athelstan House, St Clement Street, Winchester, SO23 9DR. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as 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, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, 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 going concern basis of accounting in preparing the financial statements. During 2022, Energise Me was awarded a 5 year grant agreement with Sport England and a 3 year grant agreement with Arts Council England, which provides some financial security for Energise Me through to 2027. In October 2025, a further 3 year grant agreement with Arts Council England was approved in principle. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes, these remain part of the unrestricted funds of the charity. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **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 is probable that income will be received. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. 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. - 15 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** **(Continued)** Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such Income is only deferred when: - The donor specifies that the grant or donation must only be used in the future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation 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 a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grants payable are payments made to third parties in the furtherance of the charitable objectives of Energise Me. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant and have returned a signed grant agreement. The notification gives the recipient a reasonable expectation that they will receive the grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to the grant is outside of the control of the organisation. Provisions for Grants are made when when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers and furniture 33.33% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. - 16 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.8 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. ## _**Basic financial assets**_ Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is establised 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. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. 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. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **1.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. - 17 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.13 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due and the charity has no legal or constructive obligation to pay further contributions. Certain members of staff are members of the Hampshire County Council's Local Government Pension Scheme, a defined benefit pension scheme. It is not possible in the normal course of events to identify the share of individual assets and liabilities belonging to participating employers. Accordingly, due to the nature of the scheme, the accounting charge for the period represents the employer contribution payable based on amounts advised by Hampshire County Council. ## **2 Critical accounting estimates and judgements** In the application 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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
735
96
Grants
250
1,665,877
Donated goods and
services
-
31,632
985
1,697,605
**Grants receivable for**
**core activities**
Sport England
-
1,184,701
Local Authority
-
25,000
Arts Council
-
384,486
Other
250
71,690
250
1,665,877|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**831**
-
-
**1,666,127**
17,000
1,250,779
**31,632**
-
31,278
**1,698,590**
17,000
1,282,057
**1,184,701**
-
830,985
**25,000**
17,000
51,000
**384,486**
-
312,207
**71,940**
-
56,587
**1,666,127**
17,000
1,250,779|**Total**
**2024**
**£**
-
**1,267,779**
**31,278**| |---|---|---| |||**1,299,057**| |||**830,985**
**68,000**
**312,207**
**56,587**| |||**1,267,779**| - 18 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **3 Donations and legacies** ## **(Continued)** ## **Donated goods and services** Donated goods and services relate to gifts-in-kind received by Energise Me in the period. The donated goods and services are recognised as income at fair value, with a corresponding amount recognised as charitable expenditure. Gifts-in-kind in 2025 include £19,882 relating to the "Culture in Common" project (2024: £19,528) and £11,750 relating to "The Agency Battersea Arts Centre" project (2024: £11,750). ## **4 Investments** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Interest receivable|29,135|38,627| |**Charitable activities**||| ||**Charitable**|
**Charitable**| ||**Expenditure**|**Expenditure**| ||**2025**|**2024**| ||**£**|**£**| |Direct charitable expenditure|357,405|402,378| |Grant funding of activities (see note 6)|254,259|193,419| |Share of support costs (see note 7)|1,135,097|879,577| |Share of governance costs (see note 7)|14,754|14,503| ||1,761,515|1,489,877| |**Analysis by fund**||| |Unrestricted funds|193,157|100,425| |Restricted funds|1,568,358|1,389,452| ||1,761,515|1,489,877| ## **5 Charitable activities** - 19 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **6 Grants payable** ||**Charitable**|Charitable| |---|---|---| ||**Expenditure**|Expenditure| ||**2025**|2024| ||**£**|£| |Grants to institutions:||| |Artsreach|21,534|21,260| |SPUD|-|13,000| |Waterside Arts|16,930|12,000| |National Literacy Trust|-|10,000| |ArtfulScribe|11,450|-| |Coda Music And Arts Trust|13,525|-| |Pompey in the Community|15,000|-| |Portsmouth City Council|10,000|-| |Southampton Youth Voice Project|30,000|-| |The Countryside Education Trust|15,000|-| |Other|114,631|93,585| ||248,070|149,845| |Grants to individuals (19 grants)|6,189|43,574| ||254,259|193,419| A full list of grants to institutions have been included as an appendix to the accounts. - 20 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **7 Support costs** |Staff costs
Depreciation
Advertising
Bank charges
Computer running costs
Travel and subsistence
Rent and rates
Printing, postage and
stationary
Office managment &
charitable donations
Insurance
Staff training and
recruitment
Subsciptions
Audit fees
Payroll & accountancy
fees
Legal fees
Trustee expenses
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
899,749
-
12,865
-
29,301
-
1,368
-
29,444
-
27,020
-
40,505
-
17,542
-
16,936
-
7,760
-
19,455
-
33,152
-
-
12,544
-
-
-
2,002
-
208
1,135,097
14,754
1,135,097
14,754|**2025**
**£**
899,749
12,865
29,301
1,368
29,444
27,020
40,505
17,542
16,936
7,760
19,455
33,152
12,544
-
2,002
208
1,149,851
1,149,851|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
733,312
-
5,757
-
30,336
-
1,055
-
17,475
-
14,745
-
23,590
-
9,153
-
10,392
-
8,179
-
14,931
-
10,652
-
-
8,700
-
3,653
-
2,000
-
150
879,577
14,503
879,577
14,503|**2024**
**£**
733,312
5,757
30,336
1,055
17,475
14,745
23,590
9,153
10,392
8,179
14,931
10,652
8,700
3,653
2,000
150| |---|---|---|---|---| |||||894,080| |||||894,080| ## **8 Auditor's remuneration** |**Fees payable to the charity's auditor and associates:**
Audit of the charity's annual accounts
**Non-audit services**
All other non-audit services|**2025**
**£**
7,625
3,485|**2024**
**£**
7,250| |---|---|---| |||3,653| ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 21 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **10 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**Number**
21
**2025**
**£**
786,205
75,372
38,172
899,749|**2024**
**Number**
17| |---|---|---| |||**2024**
**£**
645,829
60,581
26,902| |||733,312| Energise Me operates three pension schemes. As at 31 March 2024 5 employees (2024 - 5), who were transferred under TUPE conditions, participate in the Hampshire Local Government Pension Scheme. 18 employees (2024 - 14) participate in the Defined Contribution Pension Scheme managed by the Creative Pension Trust. 1 employee participates in the Prudential AVC plan. Under the terms of the commercial transfer agreement signed in October 2016, Hampshire County Council acts as guarantor to Energise Me's liability to the Local Government Pension Scheme for staff who were transferred under TUPE conditions. This is set out within the commercial transfer agreement. Total employee benefits, including employer pension contributions and national insurance, of the key management personnel of the charity were £387,519 (2024 - £389,736). There were no employees whose annual remuneration was more than £60,000. In 2024, there were no employees whose annual remuneration was more than £60,000. ## **11 Net gains/(losses) on investments** ||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Revaluation of investments|(8,135)|64,058| ## **12 Transfers** Total transfers between restricted and unrestricted funds in the year were £40,226 (2024: £16,540). Transfers are made from restricted funds when projects have ceased or permitted the release of restricted funds. The following transfers took place: - £40,226 was transfered to unrestricted from restricted funds in relation to HCC - Talented Athlete Scheme and HCC - Coaches, Officials & Volunteers. This was due to the projects coming to an end. - 22 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**13**|**Tangible fixed assets**|| |---|---|---| |||**Computers and furniture**| |||**£**| ||**Cost**|| ||At 1 April 2024|40,202| ||Additions|34,410| ||Disposals|(4,537)| ||At 31 March 2025|70,075| ||**Depreciation and impairment**|| ||At 1 April 2024|23,572| ||Depreciation charged in the year|12,865| ||Eliminated in respect of disposals|(4,537)| ||At 31 March 2025|31,900| ||**Carrying amount**|| ||At 31 March 2025|38,175| ||At 31 March 2024|16,630| |**14**|**Fixed asset investments**|| |||**Listed**| |||**investments**| |||**£**| ||**Cost or valuation**|| ||At 1 April 2024|552,150| ||Valuation changes|(8,135)| ||At 31 March 2025|544,015| ||**Carrying amount**|| ||At 31 March 2025|544,015| ||At 31 March 2024|552,150| - 23 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**16**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Accruals|**2025**
**£**
37,275
8,415
122,166
167,856
**2025**
**£**
1,656
54,605
148,851
205,112|**2024**
**£**
35,289
-
98,485| |---|---|---| |||133,774| |||**2024**
**£**
847
19,973
81,264| |||102,084| Included with accruals above are grants payable of £nil (2024 - £2,834). - 24 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **17 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 April 2023**
**£**
**Sport England funds**
School Games
82,432
Social Prescribing
-
Satellite Clubs
3,553
Tackling Inequalities
69,125
Core Services
44,738
Active Lives
6,693
Sport Welfare Officers
-
Moving Communities
-
Southampton Place Development
-
Portsmouth Place Development
-
**Total Sport England funds**
206,541|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**1 April 2024**
**£**
**£**
**£**
**£**
90,000
(116,227)
-
56,205
25,949
(35,765)
16,540
6,724
(9,502)
5,949
-
-
(21,335)
(47,790)
-
-
671,474
(619,130)
-
97,082
19,800
(22,174)
-
4,319
54,600
(9,240)
-
45,360
-
-
-
-
-
-
-
-
-
-
-
-
830,986
(844,377)
16,540
209,690|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**31**
**£**
**£**
**£**
90,000
(104,304)
-
-
(6,724)
-
-
-
-
-
-
-
671,473
(642,071)
-
19,800
(21,955)
-
109,427
(93,724)
-
26,400
(26,400)
-
162,187
(42,703)
-
105,414
(32,795)
-
1,184,701
(970,676)
-|**Balance at**
**March 2025**
**£**
41,901
-
-
-
126,484
2,164
61,063
-
119,484
72,619| |---|---|---|---| ||||423,715| - 25 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **17 Restricted funds** **(Continued)** |**Balance at**
**1 April 2023**
**£**
**Local Authority funds**
HCC - Talented Athlete Scheme
35,722
HCC - Coaches, Officials & Volunteers
25,573
SCC - The Agency
10,000
NFDC - Culture in Common
-
TVBC - Ukranian Yoga
-
NFNPA - Culture in Common
-
HCC - PACC
-
**Total Local Authority funds**
71,295
**Other funds**
Arts Council England - Culture in Common
143,451
Other
-
**Total Other funds**
143,451
**Total Restricted funds**
421,287|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**1 April 2024**
**£**
**£**
**£**
**£**
42,210
(44,913)
-
33,019
11,000
(13,623)
-
22,950
-
(7,488)
-
2,512
15,000
(15,000)
-
-
2,420
(1,867)
-
553
2,500
-
-
2,500
-
-
-
-
73,130
(82,891)
-
61,534
312,207
(366,734)
-
88,924
109,838
(95,450)
-
14,388
422,045
(462,184)
-
103,312
1,326,161
(1,389,452)
16,540
374,536|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**31**
**£**
**£**
**£**
-
(12,142)
(20,877)
-
(3,601)
(19,349)
-
(2,512)
-
17,000
-
-
-
(44)
-
-
(2,500)
-
25,000
-
-
42,000
(20,799)
(40,226)
384,486
(469,063)
-
123,832
(107,820)
-
508,318
(576,883)
-
1,735,019
(1,568,358)
(40,226)|**Balance at**
**March 2025**
**£**
-
-
-
17,000
509
-
25,000| |---|---|---|---| ||||42,509| ||||4,347
30,400| ||||34,747| ||||| ||||500,971| - 26 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **18 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |||||**Movement in funds**|**Movement in funds**||| |---|---|---|---|---|---|---|---| ||**Balance at**|**Resources**|**Balance at**|**Incoming**|**Resources**||**Balance at**| ||**1 April 2023**|**expended**|**1 April 2024**|**resources**|**expended**|**31 March 2025**|| ||**£**|**£**|**£**|**£**|**£**||**£**| |Designated funds|918,066|(63,931)|**854,135**|29,135|(157,975)||**725,295**| ||918,066|(63,931)|**854,135**|29,135|(157,975)||**725,295**| |In December 2021, trustees approved a new business plan for 2022-2027 aligning with the We Can Be Active|||||||| |strategy. Trustees committed £1.0m over the 5 years of the strategy to||||support the following areas of work:|||| |1) Positive early experiences for children and young|||people||||| |2) Support to get started|||||||| |3) Places & travel routes|||||||| |4) Bold leaders working together|||||||| |5) Understanding people & place|||||||| |6) Promoting physical|activity||||||| |**Analysis of net assets between funds**|||||||| ||**Unrestricted**|**Restricted**|**Total Unrestricted**||**Restricted**||**Total**| ||**funds**|**funds**||**funds**|**funds**||| ||**2025**|**2025**|**2025**|**2024**|**2024**||**2024**| ||**£**|**£**|**£**|**£**|**£**||**£**| |Fund balances at 31|||||||| |March 2025 are|||||||| |represented by:|||||||| |Tangible assets|-|38,175|38,175|-|16,630||16,630| |Investments|544,015|-|544,015|552,150|-||552,150| |Current assets/(liabilities)|1,228,477|462,796|1,691,273|1,302,075|357,906||1,659,981| ||1,772,492|500,971|2,273,463|1,854,225|374,536||2,228,761| In December 2021, trustees approved a new business plan for 2022-2027 aligning with the We Can Be Active strategy. Trustees committed £1.0m over the 5 years of the strategy to support the following areas of work: ## **19 Analysis of net assets between funds** - 27 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **20 Public Funding** |**Public Funding**||||||| |---|---|---|---|---|---|---| ||**Sport England Local Authority**||**Arts Council**|**Other**|**Non-public Income**|**Total**| |Donations & Legacies|1,184,701|25,000|384,486|71,690|1,081|**1,666,958**| |Investments|-|-|-|-|29,135|**29,135**| |Other Income|227|41,870|-|29,287|15,243|**86,627**| |Gifts in Kind|-|-|-|11,750|19,882|**31,632**| |**Total income**|**1,184,928**|**66,870**|**384,486**|**112,727**|**65,341**|**1,814,352**| |Bank charges|1,127|-|-|11|230|**1,368**| |Charitable donations|-|-|-|-|-|**-**| |Depreciation|11,320|-|616|-|929|**12,865**| |Direct|112,804|14,011|130,598|55,152|44,840|**357,405**| |Gain/loss on investment|-|-|-|-|8,135|**8,135**| |Governance|14,754|-|-|-|-|**14,754**| |Grant funding|58,000|3,492|187,767|-|5,000|**254,259**| |Insurance|7,760|-|-|-|-|**7,760**| |IT Support|22,118|1,051|3,304|296|2,675|**29,444**| |Marketing|9,934|4,056|13,911|1,250|150|**29,301**| |Office|12,901|55|2,045|1,361|574|**16,936**| |Printing|3,232|913|12,859|340|198|**17,542**| |Rent|32,895|-|-|-|7,610|**40,505**| |Salaries|623,638|35,618|111,336|23,302|105,855|**899,749**| |Staff training|15,352|-|-|3,907|196|**19,455**| |Subscriptions|6,627|-|108|26,400|17|**33,152**| |Travel|11,814|541|9,019|3,303|2,343|**27,020**| |**Total expenditure**|**944,276**|**59,737**|**471,563**|**115,322**|**178,752**|**1,769,650**| |**Net income**|**240,652**|**7,133**|**(87,077)**|**(2,595)**|**(113,411)**|**44,702**| A cash received and deferred grant reconciliation is not included in the accounts as all cash from grants received in the year has been recognised as income during the year. - 28 - ## **ENERGISE ME** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **21 Operating lease commitments** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years|**2025**
**£**
34,610
120,431
155,041|**2024**
**£**
950
3,616| |---|---|---| |||4,566| The expense recognised in relation to operating leases in the year was £32,855 (2024: £23,590). ## **22 Related party transactions** Related party transactions in the year were as follows: Rent of £nil (2024: £23,590) was paid to Community Action Hampshire, a related party due to a member of Energise Me's key management being a director of Community Action Hampshire. Amounts of £35,143 (2024: £26,959) were received from Active Partnerships in relation to work performed by Energise Me employees. Active Partnerships is a related party due to a member of Energise Me's key management being a director of Active Partnerships. |**23**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase/(decrease) in creditors
**Cash generated from/(absorbed by) operations**
**24**
**Analysis of changes in net funds**
The charity had no debt during the year.|**2025**
**2024**
**£**
**£**
44,702
5,537
(29,135)
(38,627)
8,135
(64,058)
12,865
5,757
(34,082)
(100,112)
103,028
(173,975)
105,513
(365,478)|**2025**
**2024**
**£**
**£**
44,702
5,537
(29,135)
(38,627)
8,135
(64,058)
12,865
5,757
(34,082)
(100,112)
103,028
(173,975)
105,513
(365,478)| |---|---|---| |||| - 29 -