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2022-12-31-accounts

Trustees Sandra
Elizabeth		 Walmsley Walmsley Walmsley
Fabio Silva Nehme (Chair)
Charlotte
Emma		 Powell (Resigned 11June 2023)
Gareth John Williams (Vice Chair)
Karen Shearer (Appointed 19April 2022)
Chief Executive Officer Adrian
Ramsay
Charity Number 1165752
Company Number 10119873
Registered office First Floor Violet 3Sci-Tech
Daresbury
Warrington
United
Kingdom
WA4 4AB
Auditor Saffery Champness LLP
71Queen Victoria Street
London
EC4V 4BE
Solicitor Bates Wells and Braithwaite London LLP
10Queen Street Place
London
EC4R 1BE
Bank CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME194JQ
Investment advisors Rathbone
Greenbank
10Queen Square
Bristol
BS14NT

Page
Trustees'
report (including
statement		 oftrustees' responsibilities) 1-21
Independent auditor's
report		 22 —25
Consolidated statement
offinancial		 activities 26
Consolidated balance sheet 27
Charity balance sheet 28
Consolidated cash flow statement 29
Notes to the financial statements 30-44

For the year ended 31Dece mber 2022
Year Year
ended ended
31December 31December
2022 2021
Unrestricted Unrestricted
funds funds
Notes
Income from:
Other trading
activities		 5,450,082 3,156,305
Bank interest received 486
Investments 133,267 104,727
Total income 5,583,835 3,261,032
Expenditure
on:
Raising funds:
Other trading
activities		 3,408,504 2,578,991
Fundraising
activities		 33,111 33,641
Charitable
activities		 647,596 638,117
Total expenditure 4,089,211 3,250,749
Net income/(expenditure) before investment
movement 1,494,624 10,283
Net gains/(losses)
on investments		 (776,298) 446,220
Net income and movement in funds 718,326 456,503
Reconciliation
offunds:
Total funds brought forward 7,172,865 6,716,362
Total funds carried forward 7,891,191 7,172,865

2022 2021
Notes 6
Fixed assets
Tangible assets 12 207,397 25,229
Investments 13 4,626,744 5,306,613
4,834,141 5,331,842
Current assets
Debtors 14 961,460 565,025
Cash at bank and in hand 2,903,785 1,927,249
3,865,245 2,492,274
Creditors: amounts falling due within one
year 15 (748,195) (651,251)
Net current assets 3,117,050 1,841,023
Total assets less current liabilities 7,951,191 7,172,865
Provisions for liabilities 60,000
Net assets 7,891,191 7,172,865
Funds
Unrestricted funds 7,891,191 7,172,865
Total funds 7,891,191 7,172,865

2022 2021
Notes 6
Cashflow from operating activities
Net cash flow used in operating
activities		 20 1,150,030 (226,313)
Cashflow from investing activities
Purchase oftangible fixed assets (220,253) (8,467)
Proceeds from disposal oftangible fixed assets 9,922
Purchase of investments (1,237,853) (1,032,211)
Proceeds on disposal of investments 1,141,424 938,755
Income received from investments 133,267 104,727
Net cash generated
from/(used
in)		 investing activities (173,493) 2,804
Net increase/(decrease) in cash and cash equivalents 976,536 (223,509)
Cash and cash equivalents at beginning ofyear 1,927,249 2,150,758
Cash and cash equivalents at end ofyear 2,903,785 1,927,249
Relating to:
Cash held in bank 2,590,972 1,615,769
Cash held in current asset investment 312,813 311,480
2,903,785 1,927,249

Leasehold improvements 20'/ per annum straight line basis
Plant and equipment 25'/o per annum straight line basis
Office equipment 20'/o per annum straight line basis
Computer equipment 25/o per annum straight line basis

Group
Yearended Year ended
31December 31December
2022 2021
E 6
MCS Service Company income 5,450,082 3,216,911
MCS Service Company expenditure (3,408,504) (2,579,192)
Rank interest received 486
2,042,064 637,719

Group
Yearended Year ended
31December 31December
2022 2021
E 6
Turnover 5,450,082 3,216,911
Administrative expenses (3,408,504) (2,579,192)
Bank interest received 486
Profit/(loss) before taxation 2,042,064 637,719
Gift aid payment to MCS Charitable Foundation (596,737)
Net profit/(loss) for the year 1,445,327 637,719
Fixed assets 207,397 25,229
Current assets 3,322,744 1,914,009
Current
habilities		 (717,956) (631,894)
Provisions for liabilites (60,000)
Net assets 2,752,185 1,307,344
Income from Investments
Group
Year ended Yearended
31December 31December
2022 2021
6 E
Dividends
from		 investments 133,267 104,727

Group
Yearended Year ended
31December 31December
2022 2021
asrestated
E
Investment manager fees 33,111 33,641
Expenditure on charitable activities
Group
Year ended Year ended
31December 31December
2022 2021
as restated
E
Project management and dehvery costs* 308,169 373,010
Support costs
Staff costs 197,554 123,637
Travel costs 14,752 4,146
Accountancy fees 4,900 9,631
Other costs 91,628 52,543
Governance costs
Trustees'
expenses		 3,296 1,110
Audit feesv' 12,627 9,981
Other costs
Legal &professional fees 10,056 40,059
Consultancy costs 4,614 24,000
647,596 638,117

Year ended Yearended
31 December 2022 31 December 2021
Grants Programmes Grants Programmes
E 6 E E
Development
and Policy
Net Zero New Build (Good Homes Alliance) 13,500
Superhomes Rating Scheme (Nationol Energy
Foundotron) 15,000
Energy Sleeving Pool (Bristol City Council) 9,555
The Community
Energy Revolution		 (Power for
People) 5,000 5,000
Accelerator Cities (UKGreen Building Council) 25,000 15,000
Decarbonising
Heat in Scotland's		 Buildings (WWF
Scotland) 15,000 15,000
Supply Chains (War on Want) 8,445
Community Capacity
Building
Zero Carbon Pansh Planning Tool (Herefardsbire
Green Network) 14,580 23,190
Zero Carbon Parish Planning Tool (Westminster 10,000
Accelerating Local Response (Ashdenj 16,266 53,687
Launch Pad Network (Somerset Ckmate Action
Group) 10,000
Renewables Done Well (CPRE) 8,000
BigSolar Coop (Sharenergy
Cooperative)		 12,900
Accelerating the uptake ofrenewable energy and
low carbon technology
in a multi-tenure		 industrial
estate (Wee)den District Council) 11,200 21,200
Ambleside to Zero AtoZ (Ambleside
Action		 for a
Future) 7,000
g Comm
tvE e		 gy(
Energy London) 9,380
Community Energy Planning (Centre for
Sustainable Energy) 10,000
Community Energy Planning (South East London
Community Energy ) 20,000
Community Energy Planning (Community Energy
England) 5,900

6 Expenditure
on charitable		 activities activities (continued) (continued)
yearended yearended
31 December 2022 31 December 2021
Grants Programmes Grants Programmes
E E E E
Research and Consumer Information
Value ofSolar Homes (Solar Trade Association) 20,000
Housing Archetypes
&Heat		 Pump
Deployment
(Plymouth
Community		 Energy) 20,000
Zero Carbon Schools (Green Schools Project ) 5,000
Measured
Savings, Better		 Outcomes (Energy
Systems Catapult) 40,000 10,000
Heat Pumps
Now (Carbon		 Co-op) 10,000 15,000
Rebuilding
the Low Energy		 Buildings Database
(Association
for Environmental
Conscious
Buildings) 10,000 20,000
Domestic Heating
briefing		 paper (imperial College
London) 38,940
VAT Research
(M HA Tait		 Walker) 6,000
MP Survey (You Gov Picj 4,992
Repowering
London		 30,000
Solar Energy
UK		 13,823
PEC Trust 15,000
University
of Oxford		 10,000
Cornwag
Insight Limited		 11,400
Skills and Education
Net Zero Skills Builder (Archbishop Council of
Church ofEngland) 5,800 5,000
MCS Skills, Competency
&Training		 project 12,121
Association of Decentralised Energy 10,500
Green Finance
Conservatives
Environment		 Network 7,800
288,969 19,200 323,078 49,932
308,169 373,010

Group
Year ended Year ended
31December 31December
2022 2021
E E
44,153
44,153

Net income/(expenditure)
for the year is stated after		 chargmg:
Yearended Yearended
31December 31December
2022 2021
E E
Audit fees 24,850 19,450
Depreciation 28,164 7,980
Yearended Year ended
31December 31December
2022 2021
E E
Fees payable to the charity's auditor for the audit ofthe charity's
annual accounts 9,400 7,950
Fees payable to the charity's auditor for other services:
Audit ofthe charity's subsidiary 15,450 11,500
Accounts preparation 5,800 5,275
30,650 24,725

Group
Year ended Year ended
31December 31December
2022 2021
Number Number
41 32
Group
Year ended Year ended
31December 31December
2022 2021
E E
Wages and salaries 1,547,129 1,013,912
Social security costs 165,865 86,326
Other pension costs 114,841 77,648
1,827,836 1,177,886
Group
Year ended Year ended
31December 31December
2022 2021
Number Number

Leasehold Plant and Office Computer
improvements equipment equipment equipment Total
E E E E. E
Cost
At 1January 2022 14,526 370 3,701 20,682 39,279
Additions 188,440 6,675 25,138 220,253
Disposals (14,526) (370) (2,379) (989) (18,264)
At 31December 2022 188,440 7,997 44,831 241,268
Depreciation
At 1January 2022 5,696 222 1,117 7,015 14,050
Charge for the year 19,570 39 606 7,949 28,164
Elimated
via disposal		 (6,423) (261) (1,103) (556) (8,343)
At 31December 2022 18,843 620 14,408 33,871
Net book value
At 31December 2022 169,597 7,377 30,423 207,397
At 31December 2021 8,830 148 2,584 13,667 25,229

2022 2021
E E
Listed investments 4,551,744 5,231,613
Mixed motive investments* 75,000 75,000
4,626,744 5,306,613
Mixed motive Listed
investments investments Total
E E E
Valuation
At 1January 2022 75,000 5,231,613 5,306,613
Additions 1,237,853 1,237,853
Disposals (1,141,424) (1,141,424)
Gain on revaluation (776,298) (776,298)
At 31December 2022 75,000 4,551,744 4,626,744

Listed investments
at f		 air value comprise:
2022 2021
E f
Fixed interest 1,507,051 1,396,804
UK equities 1,074,422 1,286,353
Overseas equities 1,256,318 1,792,534
Alternatives 538,173 598,514
Cash within investment portfolio 175,780 157,408
4,551,744 5,231,613

Debtors
Group Charity
2022 2021 2022 2021
Amounts
falling due within		 one year: E f f E
Trade debtors 633,053 322,361
Amounts
due		 from subsidiary undertaking 5,074 4,500
Other debtors 58,165 15,354
Prepayments and accrued income 270,242 227,310 15,066 14,292
961,460 565,025 20,140 18,792
Creditors: amounts
falling due within one year
Group Charity
2022 2021 2022 2021
E f E f
Trade creditors 188,918 50,766 13,914 5,164
Other taxation and social security 261,904 147,129
Other creditors 13,854 10,033
Accruals and deferred income' 283,519 443,323 21,400 18,693
748,195 651,251 35,314 23,857

*Accruals and deferred
income includes the following
move		 ments
in deferred
income:
Group
2022 2021
E E
Deferred income
At 1January 115,305 146,925
Released in the year (45,135) (71,085)
Deferred in the year 45,855 39,465
At 31December 116,025 115,305
2022 2021
6 E
Within one year 105,984 43,920
Between two and five years 379,800 3,660
485,784 47,580

2022 2021
E E
Dilapidations 60,000
60,000
Movements on provisions:
Dilapidations
E
Other movements 60,000

Reconciliatio n
of net income		 to net cash flow from operat ing
activitie		 s
Group
2022 2021
E E
Net income for the reporting period (as per the statement offinancial activities) 718,326 456,503
Adjustments for:
Investment income (133,267) (104,727)
(Gains) / Losses on investments 776,298 (446,220)
Depreciation and impairment oftangible fixed assets 28,164 7,980
Movements in workmg capital:
Increase in debtors (396,435) (340,554)
Increase in creditors 96,944 200,705
Increase in provisions 60,000
Net cash flow from operating activities 1,150,030 (226,313)