OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-07-31-accounts

Fuel Poverty Research Network

Charity No. 1185345

Company No.

Trustees' Report and Unaudited Accounts

31 July 2025

Fuel Poverty Research Network Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Summary Income and Expenditure Account 5
Balance Sheet 6
Statement of Cash flows 7
Notes to the Accounts 8
Detailed Statement of Financial Activities 9

Page 1

Fuel Poverty Research Network Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No.

Charity No. 1185345

Registered Office

16 Thorpe Street

Manchester M16 9PR

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Z. Ahmed

W. Baker

J. Brierley

D. Butler

A. Doyon

T. Moore

G. Sherriff M. Smith N. Willand

Accountants

Nabarro Poole Ltd

31 Church Road

Northenden

Manchester

M22 4NN

OBJECTIVES AND ACTIVITIES

The objects of the charity as set out in its governing document are: a) to prevent or relieve fuel poverty, for the public benefit, through undertaking promoting and supporting research into factors that contribute to fuel poverty and ways to mitigate these factors, and publishing the results. b) to advance the education of the public, for the public benefit, on the subject of fuel poverty through promoting public awareness of fuel poverty and its consequences (in particular, but not exclusively, its impact on health, poverty and the environment) and encouraging dialogue between researchers, practitioners, charities or other organisations working to prevent or relieve fuel poverty anywhere in the world. A summary of the last financial year is included on the last page of the accounts.

Page 2

Fuel Poverty Research Network Trustees Annual Report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Dr Graeme Sherriff

Chair 30th April 2026

Page 3

Fuel Poverty Research Network Independent Examiners Report

Independent Examiner's Report to the trustees of Fuel Poverty Research Network

I report to the charity trustees on my examination of the financial statements of Fuel Poverty Research Network for the year ended 31 July 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which

attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

T Lappage FCCA Nabarro Poole Ltd 31 Church Road

Northenden Manchester

M22 4NN 30th April 2026

Page 4

Fuel Poverty Research Network Statement of Financial Activities

for the year ended 31 July 2025

Notes
Income and endowments
from:
Charitable activities
4
Other trading activities
5
Total
Expenditure on:
Charitable activities
6
Other
8
Total
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
1,267
-		 Total funds
2025
£
1,267
-		 Total funds
2024
£
-
302
1,267
5,436
60		 1,267
5,436
60		 302
6,797
2,533
5,496
-		 5,496
-		 9,330
-
(4,229)
-		 (4,229)
-		 (9,028)
-
(4,229) (4,229) (9,028)
(4,229)
9,607		 (4,229)
9,607		 (9,028)
18,635
5,378 5,378 9,607

Page 5

Fuel Poverty Research Network Summary Income and Expenditure Account

for the year ended 31 July 2025

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net expenditure before tax for the year
Net expenditure for the year		 2025
£
1,267
1,267
5,496
5,496
(4,229)
(4,229)		 2024
£
302
302
9,330
9,330
(9,028)
(9,028)

Page 6

Fuel Poverty Research Network

Balance Sheet

at 31 July 2025

Company No.
Notes
2025
£
Current assets
Cash at bank and in hand
5,378
5,378
Net current assets
5,378
Total assets less current liabilities
5,378
Net assets excluding pension asset or liability
5,378
Total net assets
5,378
The funds of the charity
Restricted funds
10
Unrestricted funds
10
General funds
5,378
5,378
Reserves
10
Total funds
5,378		 2024
£
9,607
9,607
9,607
9,607
9,607
9,607
9,607
9,607
9,607

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 16 March 2026

And signed on its behalf by:

G. Sherriff

Trustee 16 March 2026

Page 7

Fuel Poverty Research Network Statement of Cash flows for the year ended 31 July 2025

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Net cash used in operating activities
Net cash from investing activities
Net cash from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
(4,229)
(4,229)
-
-
(4,229)
9,607
5,378
5,378
5,378		 2024
£
(9,028)
(9,028)
-
-
(9,028)
18,635
9,607
9,607
9,607

Page 8

Fuel Poverty Research Network Notes to the Accounts

for the year ended 31 July 2025

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 9

Fuel Poverty Research Network Notes to the Accounts

Expenditure Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 10

Fuel Poverty Research Network

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Other trading activities
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from charitable activities
5
Income from other trading activities		 Unrestricted
£
1,267
1,267		 Unrestricted
funds
2024
£
302
302
6,797
2,533
9,330
(9,028)
(9,028)
(9,028)
18,635
9,607
Total
2025
£
1,267
1,267
Total
2025
£
-
-		 Total funds
2024
£
302
302
6,797
2,533
9,330
(9,028)
(9,028)
(9,028)
18,635
9,607
Total
2024
£
-
-
Total
2024
£
302
302

Page 11

Fuel Poverty Research Network

Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Grants made
Governance costs
7
Analysis of grants
Activity or programme
Main Charitable Activity
Activity or programme
Main Charitable Activity
8
Other expenditure
General administrative costs
Legal and professional costs
9
Staff costs
No employee received emoluments in excess of £60,000.		 Unrestricted
£
3,561
1,875
5,436
Grants to
Individuals
£
1,875
1,875
Grant
funding of
activities
£
1,875
1,875
Unrestricted
£
60
-
60		 Total
2025
£
3,561
1,875
5,436
Total
2025
£
1,875
1,875
Total
2025
£
1,875
1,875
Total
2025
£
60
-
60		 Total
2024
£
-
6,797
6,797
Total
2024
£
6,797
6,797
Total
2024
£
6,797
6,797
Total
2024
£
182
2,351
2,533

Page 12

Fuel Poverty Research Network Notes to the Accounts

10 Movement in funds

10 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
11 Analysis of net assets between funds
Net current assets
12 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 August
2024
9,607
9,607		 Incoming
resources
(including
other
gains/losses
)
£
1,267
1,267
At 1 August
2024
£		 Resources
expended
£
(5,496)
(5,496)
Restricted
funds
£
5,378
5,378
Cash flows
£		 At 31 July
2025
£
5,378
5,378
Total
£
5,378
5,378
At 31 July
2025
£
9,607 (4,229) 5,378
9,607
9,607		 (4,229)
(4,229)		 5,378
5,378
13 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13

Fuel Poverty Research Network Detailed Statement of Financial Activities

for the year ended 31 July 2025

Income and endowments from:
Charitable activities
Other trading activities
Total income and endowments
Expenditure on:
Charitable activities
Grants made
Total of expenditure on charitable
activities
General administrative costs,
including depreciation and
amortisation
Bank charges
Sundry expenses
Legal and professional costs
Consultancy fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
1,267
1,267
-
-
1,267
3,561
1,875
5,436
5,436
25
35
60
-
-
60
5,496
-
(4,229)
(4,229)
-
(4,229)
9,607
5,378		 Total funds
2025
£
1,267
1,267
-
-
1,267
3,561
1,875
5,436
5,436
25
35
60
-
-
60
5,496
-
(4,229)
(4,229)
-
(4,229)
9,607
5,378		 Total funds
2024
£
-
-
302
302
302
-
6,797
6,797
6,797
-
182
182
2,351
2,351
2,533
9,330
-
(9,028)
(9,028)
-
(9,028)
18,635
9,607

Page 14

FPRN in 2024-25 A brief summary

Nine Trustees – based in the UK, Australia, Canada and France – met online 9 times during the year to plan and deliver the activities of FRPN and steer the business in line with its objectives.

322 people worldwide subscribed to the email network, sharing research findings, discussing energy poverty issues, and exchanging information on relevant events.

During the year we surveyed subscribers, to better understand the interests and needs of this wide network of researchers, policymakers, government and local authority officers, housing charities, campaign groups, industry representatives, students and more.

We issued 10 editions of our Research Bulletin, making open-access international research from across the field more widely available.

We continued to promote the Directory of Energy Poverty Researchers, initiated by the Fuel Poverty Evidence project and currently including details of 52 researchers in this field.

Putting Energy Poverty Research into Practice was FPRN’s successful conference in October 2024, delivered in-person at the University of Salford and online, involving 80 participants.

We participated in the Royal Geographical Society conference in August 2024, with sessions in London and online – Mapping Fuel Poverty Around the World – and simultaneously in Melbourne – Putting Energy Justice on the Map . The Padlet launched in Melbourne continues to grow, offering a valuable record of energy poverty initiatives worldwide

We worked together with WISE – Women in Solidarity for Energy – to launch their 28 days of language solidarity ‘Translate-a-Thon’ across Europe, engaging 46 people across 16 countries.

FPRN presented new research on Fuel Poverty and End-of-Life Care in a webinar in July 2025, with 35 participants.

We continued to respond to the review of UK Fuel Poverty Strategy.

We published a number of expert comment pieces on our website, including complementary pieces from a researcher part-funded by FPRN in 2023, and a housing practitioner involved in this research, on bridging the research/practice gap regarding fuel poverty.