**UTILITA GIVING COMPANY NUMBER: 13919664** 

**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 



**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

## **Status** 

Utilita Giving is a charitable company limited by guarantee. It was incorporated on 16 February 2022 and registered with the Charity Commission for England and Wales on 14 December 2022. It is also registered with the Office of the Scottish Charity Regulator (OSCR) from 16 March 2023. 

## **Registered Company Number:** 13919664 

## **Registered Charity Number:** 1201330 

**OSCR Number:** SC052406 

## **Trustees / Directors:** 

The trustees who served during the year were: 

- M D E Smith 

- M Curtin 

- F Scott 

- L Thomson (appointed 11 July 2024) 

- J Maidment 

## **Principal Address and Registered Office:** 

Hutwood Court, Bournemouth Road, Chandler’s Ford, Eastleigh, Hampshire, SO53 3QB 

## **Registered Auditors:** 

Knight Goodhead Limited, Chartered Accountants and Statutory Auditors, 7 Bournemouth Road, Chandler’s Ford, Eastleigh, SO53 3DA 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **OBJECTIVES AND ACTIVITIES** 

The charitable objectives of the charity are the prevention or relief of need for the public benefit throughout England, Scotland and Wales for those who are suffering hardship or distress as a result of poverty, age, disability, or ill-health, including in particular hardship or distress arising due to fuel poverty and food poverty. This is through the provision of financial or material aid and the raising of awareness of such need with the public. In this clause, "fuel poverty" means the inability of individuals and households to afford or access adequate energy services, and "food poverty" means the inability of individuals and households to obtain an adequate and nutritious diet in socially acceptable ways, or the uncertainty that they will be able to do so. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Structure** 

Utilita Giving is a company limited by guarantee registered with the Registrar of Companies in England and Wales under Company Number 13919664. Permission was granted to remove the word "limited" from the company name. Utilita Giving is also registered with Charity Commission for England and Wales under Charity number 1201330 and the Scottish Charity Regulator under Charity number SCOS2406. The trustees are also the members of the charity. Members of the charity guarantee to contribute an amount not exceeding £1, to the charity in the event of winding up. 

## **Governing document** 

The charity's constitution is the Memorandum and Articles of Association adopted on 29 July 2022. 

## **Trustees** 

Trustees are appointed by the current Trustees, no organisation has the right to appoint Trustees. 

Formal Trustee selection and suitability is being considered by the Trustees. It is expected that in the new year a skills audit of the Trustees will be formally undertaken with a view to ensure the Board of Trustees is fit for purpose. 

## **Risk management** 

The trustees review the risks that are faced by the charity and have established a risk process to ensure that they are dynamically monitored and managed. New risks are evaluated when they arise. Being a grant making charity with limited financial commitments means that the charity is not exposed to significant risk. However, as the charity has limited reserves and is dependent on the Luxion Group/Utilita Energy Limited to cover its ongoing commitments, there is a risk that if the funding from Luxion 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

Group ceased there would be a short term risk to continuing in existence unless a new funding partner could be found. External fund raising programs are being investigated. 

## **Investment policy** 

At 31 March 2025 the charity's reserves are limited, and the investment policy is to place excess cash on deposit with the charity's bankers. A formal investment policy will be adopted in the new year. 

## **ACHIEVEMENTS AND PERFORMANCE** 

Review of the year 

The charity’s purpose is to relieve or prevent need arising from fuel and food poverty. Utilita Giving funds projects that aim to provide personalised and dignified support to individuals and households struggling to meet basic needs. Activities include: 

- Providing crisis and hardship support via grants. 

- Supporting innovative delivery models that combine financial aid with long-term capability-building. 

- Working in partnership with local charities to scale what works. 

- Using insight and evaluation to inform awareness campaigns. 

This year, the Trustees agreed to allocate approximately 50% of funds to fuel poverty projects and 50% to food poverty initiatives. 

A major focus of the charity's activity during the year was the continued delivery and development of the "One Call That's All" (OCTA) pilot. This two-year initiative, launched in late 2024, provides streamlined access to support through a hybrid model of online discovery calls and place-based casework delivery. The online component is delivered by a dedicated team of caseworkers, while the in-person support is provided by nine full-time charity workers embedded in community organisations across Luton and Leicester. 

A combined total of 577 individuals were supported through OCTA in its first five months (Q1 and Q2). These figures reflect actual performance data recorded across both the national digital and local delivery arms of the pilot. 

OCTA served as a practical and strategic testbed for Utilita Giving's approach to impact. The programme helped to identify £434,252 in income gains for 246 beneficiaries, of which £121,382 was realised by 266 individuals. In addition, £109,316 worth of financial and material aid was distributed, including £8,868 in fuel vouchers, £28,710 in food vouchers, and £40,163 in material aid such as heating equipment and emergency supplies 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

The Trustees are grateful for the tireless work of Executive Director Helen Boardman and the Utilita Giving staff team in developing the OCTA pilot, building strong partnerships, managing day-to-day delivery, and embedding the charity’s evolving impact strategy. Their commitment has ensured that the charity remains focused, responsive, and aligned with its mission to support those in greatest need.  The Trustees also wish to acknowledge the valuable contribution of our delivery partner, Auriga, and the nine charity partners based in Luton and Leicester, whose frontline staff have been instrumental in reaching and supporting those most in need. 

To support the strategic development of our impact framework, Utilita Giving deepened its collaboration with Trust Impact. Together, we co-produced a robust Theory of Change that defines our charitable need, vision, and purpose, and articulates the change we aim to bring about for those experiencing fuel and food poverty. This Theory of Change now anchors our outcomes and impact framework, guides how we assess delivery and performance, and informs our approach to funding and learning across all areas of the charity’s work. 

Trust Impact also supported the piloting of practical tools to measure beneficiary progress across key areas such as wellbeing, resilience, and financial independence. These tools are enabling both rapid feedback loops and longer-term insight across our delivery partners. 

Our investment in impact strategy has helped strengthen governance and clarify the difference Utilita Giving seeks to make. Trustees are now better equipped to align funding decisions with expected outcomes, and to monitor delivery against an evidence-based framework. 

The Trustees also wish to acknowledge the invaluable contributions of the charity’s Patrons, Adam Scorer (Chief Executive of National Energy Action) and David James MBE. Their advocacy and public support have helped raise awareness of fuel and food poverty and broaden the visibility of the charity’s mission. 

## **Public Benefit** 

The Trustees confirm that they have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **GRANT MAKING POLICY** 

The charity makes grants to organisations that share its mission. Applications are appraised against a framework of impact, governance, and beneficiary reach. During 2024/25, grants were distributed to delivery partners within the OCTA pilot and to charitable organisations supporting food and fuel poverty interventions across the UK. 

## **CONTRIBUTION BY VOLUNTEERS** 

The charity appreciates the input of the volunteers that have assisted with fund raising events during the year. Many of those volunteers are employees of the Luxion Group/Utilita Energy who have allowed their staff to play an active part in these activities.  Luxion Group has set up an active fund raising committee to organise and run these events. 

Volunteers have supported Utilita Giving’s fundraising events and public engagement efforts, including the successful Golf Day which raised nearly £30,000. 

## **RELATED PARTY RELATIONSHIPS** 

Utilita Giving’s principal donor is Utilita Energy Limited, a subsidiary of Luxion Group Limited. The charity maintains an arms-length relationship to ensure independence of governance. Two Trustees are employees of Luxion Group but do not benefit from the charity. 

## **FINANCIAL REVIEW** 

Utilita Giving received income of £568,219 (2024: £5,531,946) this year, including £300,000 in regular donations from Utilita Energy Limited.  £29,627 (2024: £35,132) of this was raised through fundraising activities such as the annual Golf Day. Investment income totalled £165,221 (2024: £140,295). 

Expenditure totalled £1,305,185 (2024: £864,395), with £492,983 in charitable donations (including Helping Hand support), £275,000 invested in the OCTA pilot, and £78,000 in regular grant commitments. The remaining £459,206 covered operating and administrative costs, including staffing, professional services, and compliance fees.  A planned deficit of £736,965 was made against reserves to support ongoing delivery, in line with budget. 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **Reserves Policy** 

General funds at 31 March 2025 were £336,178 (2024: £377,160) which is approximately 8 months (2024: 26) general fund expenditure. This amount is greater than the Trustees consider needed, however, the startup nature of the charity, including the ongoing OCTA pilot means that this reserve position will fluctuate. 

The balance on the two main designated funds (Food Poverty and Fuel Poverty) is being allocated to the strategic program "One Call that's All" and is likely to be spent over a period of 3-5 years. 

The Trustees have not adopted a formal reserves policy (this will be done in the new year), however, they consider this to be a suitable reserves position based on the charity's current start up position. 

## **GOING CONCERN** 

The charity is dependent on Luxion Group/Utilita Energy Limited for the majority of its incoming resources. They have indicated that the current level of regular donations, which covers the majority of the charity's overheads, will continue for the foreseeable future. 

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**UTILITA GIVING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** 

## **DIRECTORS’ RESPONSIBILITIES** 

The directors are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). 

The directors are required to prepare the report of the trustees and financial statements for each financial period, which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including income and expenditure for the period. In preparing those financial statements accounts, the directors are required to: - 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in operation. 

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

This report has been prepared in accordance with the small companies regime under section 419(2) of the Companies Act 2006, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (second edition - October 2019). 

The directors have confirmed that so far as they are aware, there is no relevant audit information of which the charitable company’s auditors are unaware, and that they have taken all steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the charitable company’s auditors are aware of that information. 

19/08/2025 Signed and approved on behalf of the trustees on 


M D E Smith Trustee 

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## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **Opinion** 

We have audited the financial statements of Utilita Giving for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Cashflow Statement and the related notes. 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 to 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 charitable company's affairs as at 31 March 2025, and of its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 

- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. 

## **Basis of 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 charitable company's ability to continue as a going concern for a period of at least 12 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 trustees are responsible for the other information. The other information comprises the information included in the annual report, including the trustees' report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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. 

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## **INDEPENDENT AUDITORS' REPORT** 

## **TO THE MEMBERS OF UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **Matters on which we are required to report by exception** 

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report. We have nothing to report in respect of the following matters where the Companies Act 2006, Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion: 

- the company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or 

- the company's financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and take advantage of the small companies exemption from the requirement to prepare a strategic report. 

## **Responsibilities of the trustees** 

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 they 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 charitable company'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 liquidate the charitable company or 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 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts 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. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. 

We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. 

9 



## **INDEPENDENT AUDITORS' REPORT** 

## **TO THE MEMBERS OF UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions. 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 

- agreeing financial statement disclosures to underlying supporting documentation; 

- reading the minutes of meetings of those charged with governance; and 

- enquiring of management as to actual and potential litigation and claims; 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


## **CJ GOODHEAD FCA** 

**Dated:** 20/08/2025 

## **Senior Statutory Auditor Knight Goodhead Limited** 

Chartered Accountants and Statutory Auditors 

7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA 

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## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

## **(including Income and expenditure account)** 

|**Notes**<br>INCOME<br>Donations and legacies<br>3<br>Fundraising income<br>4<br>Investment income<br>5<br>**TOTAL INCOME**<br>EXPENDITURE<br>Charitable activities<br>6<br>**TOTAL EXPENDITURE**<br>Transfers between funds<br>11,12<br>**NET MOVEMENT IN FUNDS FOR THE YEAR**<br>**FUNDS AT THE BEGINNING OF THE YEAR**<br>**FUNDS AT THE END OF THE YEAR**<br>**NET (EXPENDITURE)/INCOME FOR THE YEAR**|**Restricted **<br>**funds**<br>**£**<br>-<br>-<br>-<br>**-**<br>31,932<br>**31,932**<br>**(31,932)**<br>-<br>**(31,932)**<br>84,583<br>**52,651**|**Unrestricted**<br>**funds**<br>**£**<br>373,371<br>29,627<br>165,221<br>**568,219**<br>1,273,252<br>**1,273,252**<br>**(705,033)**<br>-<br>**(705,033)**<br>4,710,235<br>**4,005,202**|**2025**<br>**2024**<br>**Total**<br>**Total**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>373,371<br>5,356,519<br>29,627<br>35,132<br>165,221<br>140,295<br>**568,219**<br>**5,531,946**<br>1,305,184<br>864,395<br>**1,305,184**<br>**864,395**<br>**(736,965)**<br>**4,667,551**<br>-<br>-<br>**(736,965)**<br>**4,667,551**<br>4,794,818<br>127,267<br>**4,057,853**<br>**4,794,818**|
|---|---|---|---|



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in notes 11 and 12 to the financial statements. 

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**COMPANY NUMBER: 13919664** 

## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **BALANCE SHEET AS AT 31 MARCH 2025** 

|**Notes**<br>CURRENT ASSETS<br>Debtors<br>10<br>Cash at bank and in hand<br>CREDITORS: amounts falling due within one year<br>11<br>NET CURRENT ASSETS<br>NET ASSETS<br>13<br>FUNDS<br>Restricted funds<br>11<br>Unrestricted funds<br>General funds<br>12<br>Designated funds<br>12<br>TOTAL FUNDS|**2025**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>23,846<br>24,659<br>4,090,138<br>4,810,301<br>4,113,984<br>4,834,960<br>(56,131)<br>(40,142)<br>4,057,853<br>4,794,818<br>4,057,853<br>4,794,818<br>52,651<br>84,583<br>336,178<br>377,160<br>3,669,024<br>4,333,075<br>4,057,853<br>4,794,818|
|---|---|



These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 and FRS 102 relating to small entities. 

Approved by the board of trustees on 19/08/2025 and signed on its behalf by 


M D E Smith, Trustee 

12 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** 

|**2025**<br>**Notes**<br>**£**<br>NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES<br>1<br>(720,163)<br>NET CASH FLOW<br>(720,163)<br>Change in cash and cash equivalents in the period<br>(720,163)<br>Cash and cash equivalent at start of the year<br>4,810,301<br>Cash and cash equivalents at the end of the year<br>2<br>4,090,138<br>**NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**<br>1<br>RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES<br>**2025**<br>**£**<br>Net income for the year<br>(736,965)<br>Decrease/(increase) in debtors<br>813<br>Increase/(decrease) in creditors<br>15,989<br>Net cash flow from operating activities<br>(720,163)<br>2<br>ANALYSIS OF CASH AND CASH EQUIVALENTS<br>**2025**<br>**£**<br>Cash at bank and in hand<br>4,090,138|**2024**<br>**£**<br>4,675,339<br>4,675,339<br>4,675,339<br>134,962<br>4,810,301<br>**2024**<br>**£**<br>4,667,551<br>(23,614)<br>31,402<br>4,675,339<br>**2024**<br>**£**<br>4,810,301|
|---|---|



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## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE  ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 1 ACCOUNTING POLICIES 

- a) Accounting convention 

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 FRS 102 and the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 

The charity meets the definition of the public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. 

The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue. 

## b) Income 

Donations and legacies are received by way of donations and gifts and are included in full in the statement of financial activities when received. 

Fundraising income is included in full in the statement of financial activities when received. 

## c) Expenditure 

Expenditure is recognised on an accruals basis as a liability is incurred. 

All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Cost related to a particular activity are allocated directly, others are apportioned on an appropriate basis. 

Grants payable are recognised when all conditions relating to the payment of the grant are met. 

## d) Funds 

Unrestricted funds are donations and other incoming resources receivable or generated for charitable purposes. 

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose. 

Restricted funds represent grants and donations, which are allocated by the donor for specific purposes.  Expenditure which meets these criteria is charged to the appropriate fund. 

14 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE  ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

- 1 ACCOUNTING POLICIES (continued) 

e) Donated services and facilities 

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would be willing to pay for to obtain services or facilities of equivalent economic benefit on the open market. A corresponding amount is then recognised as expenditure in the period of receipt. 

- f) Financial Instruments 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **2 LEGAL STATUS** 

The charity is a company limited by guarantee and has no share capital. The charitable company was incorporated on 16 February 2022 in the United Kingdom and commenced its charitable activities on 27 April 2022. The charitable company was registered on 14 December 2022 with the Charity Commission in England and Wales. The charity registered with The Scottish Charity Regulator on 16 March 2023.  The charity is a public benefit entity. 

The registered office of the charitable company is Hutwood Court, Bournemouth Road, Chandler's Ford, Eastleigh, SO53 3QB. 

15 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 3 DONATIONS AND LEGACIES 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Restricted|Unrestricted|2025|2024|
|funds|funds|Total|Total|
|£|£|£|£|
|Donations and similar income|
|-|
|Utilita Energy Limited donations|335,920|335,920|5,266,791|
|Donated services (see note 16)|-|261|261|60,087|
|Other donations|-|35,355|35,355|27,971|
|Gift aid|-|1,835|1,835|1,670|
|-|
|373,371|373,371|5,356,519|

**----- End of picture text -----**<br>


## 4 FUNDRAISING INCOME 


**----- Start of picture text -----**<br>
|||||
|---|---|---|---|
|Restricted|Unrestricted|2025|2024|
|funds|funds|Total|Total|
|£|£|£|£|
|-|
|Golf day|29,627|29,627|35,132|

**----- End of picture text -----**<br>


## 5 INVESTMENT INCOME 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|Restricted|Unrestricted|2025|2024|
|funds|funds|Total|Total|
|£|£|£|£|
|Bank interest|-|165,221|165,221|140,295|

**----- End of picture text -----**<br>


16 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 6 CHARITABLE ACTIVITIES EXPENDITURE 

|_COSTS DIRECTLY ALLOCATED TO ACTIVITIES_<br>Grants and donations (see note 15)<br>Golf day expenses<br>Fuel research<br>Sponsorship<br>Event costs<br>_SUPPORT COSTS ALLOCATED TO ACTIVITIES_<br>Wages and salaries<br>Management charge (see note 17)<br>Staff training and recruitment<br>Travel and subsistence<br>IT software and consumables<br>Subscriptions<br>Advertising and marketing<br>Insurance<br>Legal and professional fees<br>Audit and accountancy fees<br>Bank charges<br>TOTAL EXPENDITURE|**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>31,932<br>814,051<br>-<br>10,028<br>-<br>-<br>-<br>10,000<br>-<br>6,374<br>31,932<br>840,453<br>-<br>316,955<br>-<br>-<br>-<br>5,832<br>-<br>27,742<br>-<br>2,571<br>-<br>1,901<br>-<br>713<br>-<br>3,381<br>-<br>65,532<br>-<br>7,182<br>-<br>990<br>-<br>432,799<br>31,932<br>1,273,252<br>**Unrestricted**|**2025**<br>**Total**<br>**£**<br>845,983<br>10,028<br>-<br>10,000<br>6,374<br>872,385<br>316,955<br>-<br>5,832<br>27,742<br>2,571<br>1,901<br>713<br>3,381<br>65,532<br>7,182<br>990<br>432,799<br>1,305,184|**2024**<br>**Total**<br>558,551<br>10,895<br>108,375<br>10,950<br>-<br>688,771<br>97,579<br>60,000<br>1,125<br>1,751<br>854<br>358<br>2,519<br>3,086<br>558<br>6,672<br>1,122<br>175,624<br>864,395|
|---|---|---|---|



Included within audit and accountancy fees is £5,300 (2024: £4,800) payable to the auditors for the statutory audit and £1,300 (2024: £1,200) for accounts preparation. £582 was also payable for corporation tax and payroll services (2024: £672). 

17 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

- 7 EMPLOYED STAFF COSTS AND NUMBERS 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|2025|2024|
|£|£|
|Employed staff costs were as follows:|
|Salaries and wages|297,591|93,171|
|Social security costs|14,068|3,674|
|Pension|5,296|734|
|316,955|97,579|
|One employee was paid a salary between £90,000 and £100,000.|

**----- End of picture text -----**<br>


Included within wages and salaries is £131,810 (2024: £64,660) recharged from Luxion Group Limited for two members of staff. During the prior year, a further £54,000 of notional recharges of Utilita Energy Limited staff costs was included by way of a management charge (see note 17). 

At the year end there were outstanding pension contributions payable of £1,308 (2024: £330). Total employer pension contributions of £5,296 (2024: £734) were paid by the charity and are included in the SOFA. 

Key management comprises one individual who was paid a total of £94,001 (2024: £30,388). 

The average number of employees during the year (excluding recharged staff) was as follows: 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|No.|No.|
|Direct charitable work|3|2|

**----- End of picture text -----**<br>


## 8 TAXATION 

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

## 9 DEBTORS 


**----- Start of picture text -----**<br>
||||
|---|---|---|
|2025|2024|
|£|£|
|Trade debtors|-|300|
|Prepayments and accrued income|23,846|24,247|
|Other debtors|-|112|
|23,846|24,659|

**----- End of picture text -----**<br>


18 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

- 10 CREDITORS: amounts falling due within one year 

|Trade creditors<br>Other creditors<br>Accruals and deferred income<br>Other taxation and social security|**2025**<br>**£**<br>36,791<br>6,027<br>1,313<br>12,000<br>56,131|**2024**<br>**£**<br>28,792<br>2,488<br>330<br>8,532<br>40,142|
|---|---|---|



## 11 RESTRICTED FUNDS 

|Helping Hands|**At**<br>**1 April**<br>**2024**<br>**£**<br>84,583<br>84,583|**£**<br>-<br>-<br>**Income**|**£**<br>(31,932)<br>(31,932)<br>**Expenditure**|**£**<br>-<br>-<br>**Transfers**|**At**<br>**£**<br>52,651<br>52,651<br>**31 March**<br>**2025**|
|---|---|---|---|---|---|



## _Purposes of restricted funds_ 

## **Helping Hands** 

The Helping Hands Fund was created to alleviate fuel poverty among Utilita Energy Limited’s customers who were unable to pay their energy bills and who agreed to have a Smart Meter installed in prepayment mode. 

19 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 12 UNRESTRICTED FUNDS 

|_Designated funds_<br>General funds<br>_Total unrestricted funds_<br>Food Poverty<br>Fuel Poverty|**At**<br>**1 April**<br>**2024**<br>**£**<br>2,292,894<br>2,040,181<br>4,333,075<br>377,160<br>4,710,235|**£**<br>75,000<br>75,000<br>150,000<br>418,219<br>568,219<br>**Income**|**£**<br>(225,112)<br>(588,939)<br>(814,051)<br>(459,201)<br>(1,273,252)<br>**Expenditure**|**£**<br>-<br>-<br>-<br>-<br>-<br>**Transfers**|**At**<br>**£**<br>2,142,782<br>1,526,242<br>3,669,024<br>336,178<br>4,005,202<br>**31 March**<br>**2025**|
|---|---|---|---|---|---|



## _Purposes of designated funds_ 

## **Food Poverty and Fuel Poverty** 

During the prior year Utilita Energy Limited donated £5m. The Trustees reviewed this donation and agreed that it was not practical to spend this money appropriately in a single year. A designation was made such that 50% will be spent on projects associated with helping people out of food poverty and 50% will be spent on projects helping people out of fuel poverty. 

20 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS 

|_Year ended 31 March 2025_<br>Debtors<br>Cash at bank and in hand<br>Creditors<br>_Year ended 31 March 2024_<br>Debtors<br>Cash at bank and in hand<br>Creditors<br>NET ASSETS<br>NET ASSETS|**Restricted**<br>**funds**<br>**Designated**<br>**funds**<br>**£**<br>**£**<br>-<br>52,651<br>3,675,024<br>-<br>(6,000)<br>52,651<br>3,669,024<br>**Restricted**<br>**funds**<br>**Designated**<br>**funds**<br>**£**<br>**£**<br>-<br>-<br>84,583<br>4,333,075<br>-<br>-<br>84,583<br>4,333,075|**General**<br>**funds**<br>**£**<br>23,846<br>362,463<br>(50,131)<br>336,178<br>**General**<br>**funds**<br>**£**<br>24,659<br>392,643<br>(40,142)<br>377,160|**Total**<br>**funds**<br>**£**<br>23,846<br>4,090,138<br>(56,131)<br>4,057,853<br>**Total**<br>**funds**<br>**£**<br>24,659<br>4,810,301<br>(40,142)<br>4,794,818|
|---|---|---|---|



## 14. TRUSTEE EXPENSES 

No trustees received any remuneration. One trustee was reimbursed £426 (2024: £934) for expenses incurred on behalf of the charity. 

21 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 15. ANALYSIS OF GRANTS 

Grants made in the year totalled £845,983 (2024: £666,926), all of which were given to institutions. Grants over £1,000 per institution are as follows: 

|Grants made in the year totalled £845,983 (2024: £666,926), all<br>Grants over £1,000 per institution are as follows:|of which were given to|institutions.|
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Customers of Utilita Energy Limited|366,052|273,377|
|Stepchange|72,000|68,000|
|Homestart|6,000|6,000|
|Edinburgh NE Foodbank (The Trussell Trust)|-|2,176|
|The Cathedral Archer Project|-|1,750|
|Blackburn Foodbank (The Trussell Trust)|-|1,750|
|Bilston Support Network|-|1,750|
|Derby City Mission|-|1,750|
|Free Food in Sandown|-|2,213|
|Southampton City Mission|-|1,750|
|Hartlepool Foodbank (The Trussell Trust)|-|1,750|
|Cambridge Architectural Research Ltd (fuel research)|-|65,520|
|University of Oxford (fuel research)|-|42,855|
|Bedford Street|-|9,980|
|Brentford Street|-|10,000|
|Colchester Food bank|-|11,550|
|Communities Food and Wellbeing Fund|-|1,750|
|Durham Christian Partnership|616|34,144|
|Eastleigh Basics Bank|-|1,750|
|Glasgow SE Foodbank|-|1,750|
|Hibernian Community Foundation|-|4,000|
|Hounslow Community|-|1,001|
|Huddersfield Town Foundation|8,386|8,984|
|Luton Food bank|15,023|4,047|
|The Bay Food bank|-|3,746|
|North Bristol Food bank|-|1,641|
|North Essex Support Team|-|5,000|
|Operation Christmas|-|1,641|
|Redeemed Christian|-|5,844|
|SCRATCH|-|5,000|
|Southampton CAB|-|5,451|
|The Big Difference|580|62,877|
|Trash Café|-|1,750|
|Unit 12 CIC|-|8,950|



22 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

|15.<br>ANALYSIS OF GRANTS (continued)<br>Warrington Foodbank<br>Wickham Pantry<br>Evnia Charitable Trust<br>Energy Support Advice<br>Action Force<br>Blackpool Foodbank<br>Greenwich Foodbank<br>Foodcycle<br>Just Kidding<br>Reach Community Project<br>Shine out of School<br>The Community Hub|**2025**<br>**£**<br>-<br>-<br>275,000<br>35,000<br>10,445<br>1,778<br>1,837<br>10,445<br>10,000<br>14,638<br>7,068<br>9,760|**2024**<br>**£**<br>1,750<br>3,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|
|---|---|---|



## 16 RELATED PARTY TRANSACTIONS 

During the year Utilita Giving received donations totalling £335,920 (2024: £5,266,791) from Utilita Energy Limited. Utilita Energy Limited is controlled by Luxion Group Limited, a company in which M D E Smith, trustee, is also a director. One other trustee is also an employee of Luxion Group Limited. These donations were to support the charitable work of Utilita Giving. 

Grants totalling £249,750 (2024: £252,511) were paid to customers under the Winter Warmer Schemes. A further £31,932 (2024: £15,902) was donated to support Utilita Energy Limited's customers under the Helping Hands Project, £50,000 for boiler grants, together with £34,370 for other grants to customers. 

Utilita Energy Limited were also reimbursed a total of £7,201 (2024: £66,080) for expenses incurred on behalf of Utilita Giving. 

Luxion Group Limited were reimbursed a total of £131,810 for staff costs incurred on behalf of the charity. At the year end, an amount of £22,377 was owed by Utilita Giving, which is included in creditors. 

23 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

## 17. DONATED GIFTS AND SERVICES 

During the prior year, the charity received donated gifts and services in kind from Utilita Energy Limited with a value of gift to the charity of £60,000 which was included in both income and expenditure. This included costs of approximately £54,000 being notional recharges of Utilita Energy Limited staff costs. Donated gifts and services for 2025 relate to software subscriptions totalling £261 (2024: £87). 

## 18. CONTINGENT LIABILITY 

During the year, the charity entered into a grant agreement with Evnia Charitable Trust to facilitate the 'One Call That's All Project'. The initial value of this grant was £2,200,000 for a two year pilot project beginning in November 2024. Due to some initial delays with the project, payments have been delayed until adequate monitoring reports have been provided, in accordance with the grant agreement. £275,000 has been paid in the year ended 31 March 2025 and this is the only amount recognised in these accounts. A further payment of £275,000 was delayed at the year end but has subsequently been paid following the recipient organisation having satisfactorily met the conditions of the grant. 

24 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

19. PRIOR PERIOD STATEMENT OF FINANCIAL ACTIVITIES 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (including Income and expenditure account)** 

|INCOME<br>Donations and legacies<br>Fundraising income<br>Investment income<br>**TOTAL INCOME**<br>EXPENDITURE<br>Charitable activities<br>**TOTAL EXPENDITURE**<br>Transfers between funds<br>**NET MOVEMENT IN FUNDS FOR THE YEAR**<br>**FUNDS AT THE BEGINNING OF THE YEAR**<br>**FUNDS AT THE END OF THE YEAR**<br>**NET INCOME/(EXPENDITURE) FOR THE YEAR**|**Restricted**<br>**funds**<br>**£**<br>5,901<br>-<br>-<br>**5,901**<br>20,931<br>**20,931**<br>**(15,030)**<br>-<br>**(15,030)**<br>99,613<br>**84,583**|**Unrestricted**<br>**funds**<br>**£**<br>5,350,618<br>35,132<br>140,295<br>**5,526,045**<br>843,464<br>**843,464**<br>**4,682,581**<br>-<br>**4,682,581**<br>27,654<br>**4,710,235**|**2024**<br>**Total**<br>**funds**<br>**£**<br>5,356,519<br>35,132<br>140,295<br>**5,531,946**<br>864,395<br>**864,395**<br>**4,667,551**<br>-<br>**4,667,551**<br>127,267<br>**4,794,818**|
|---|---|---|---|



25 



## **UTILITA GIVING** 

(Company limited by guarantee and not having a share capital) 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** 

20. PRIOR YEAR MOVEMENTS IN FUNDS 

## RESTRICTED FUNDS 

|UNRESTRICTED FUNDS<br>_Designated funds_<br>General funds<br>_Total unrestricted funds_<br>Fuel Poverty<br>Food Poverty<br>Foodbanks/Penny-a-vend<br>Helping Hands<br>Pan Together Fund|**At**<br>**1 April**<br>**2023**<br>**£**<br>-<br>99,613<br>-<br>99,613<br>**At**<br>**1 April**<br>**2023**<br>**£**<br>-<br>-<br>-<br>27,654<br>27,654|**£**<br>5,756<br>-<br>145<br>5,901<br>**£**<br>2,500,000<br>2,500,000<br>5,000,000<br>526,045<br>5,526,045<br>**Income**<br>**Income**|**£**<br>(5,756)<br>(15,030)<br>(145)<br>(20,931)<br>**£**<br>(207,106)<br>(459,819)<br>(666,925)<br>(176,539)<br>(843,464)<br>**Expenditure**<br>**Expenditure**|**£**<br>-<br>-<br>-<br>-<br>**£**<br>-<br>-<br>-<br>-<br>-<br>**Transfers**<br>**Transfers**|**At**<br>**£**<br>-<br>84,583<br>-<br>84,583<br>**At**<br>**£**<br>2,292,894<br>2,040,181<br>4,333,075<br>377,160<br>4,710,235<br>**31 March**<br>**2024**<br>**31 March**<br>**2024**|
|---|---|---|---|---|---|



26 



## Utilita Giving accounts 2025 accounts for 

## signing 

Final Audit Report 

2025-08-20 

Created: 2025-08-19 By: Knight Goodhead (esign@knightgoodhead.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAqYhIJ2GzkdeE35E6-gnWVbujAUjSllMg 

## "Utilita Giving accounts 2025 accounts for signing" History 

Document created by Knight Goodhead (esign@knightgoodhead.co.uk) 2025-08-19 - 14:44:33 GMT 

- Document emailed to Mike Smith (mike.smith@utilitagiving.org) for signature 2025-08-19 - 14:44:39 GMT 

Email viewed by Mike Smith (mike.smith@utilitagiving.org) 2025-08-19 - 14:46:17 GMT 

- Signer Mike Smith (mike.smith@utilitagiving.org) entered name at signing as M D E Smith 2025-08-19 - 14:47:42 GMT 

- Document e-signed by M D E Smith (mike.smith@utilitagiving.org) 

Signature Date: 2025-08-19 - 14:47:44 GMT - Time Source: server 

- Document emailed to chris@knightgoodhead.co.uk for signature 

- 2025-08-19 - 14:47:46 GMT 

- Email viewed by chris@knightgoodhead.co.uk 

- 2025-08-20 - 16:52:00 GMT 

- Signer chris@knightgoodhead.co.uk entered name at signing as Chris Goodhead 2025-08-20 - 16:53:22 GMT 

Document e-signed by Chris Goodhead (chris@knightgoodhead.co.uk) Signature Date: 2025-08-20 - 16:53:24 GMT - Time Source: server 

Agreement completed. 

2025-08-20 - 16:53:24 GMT