This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2025-03-31-accounts
|
Page |
| Reference and Administrative Details of the Charity, its Trustees and Advisers |
1 |
| Trustees* Report |
2-8 |
| Independent Auditors* Report on the Financial Statements |
9-12 |
| Statement of Financial Activities |
13 |
| Balance Sheet |
14 |
| Statement of Cash Flows |
15 |
| Notes to the Financial Statements |
16-29 |
| Trustees |
JLewis,Chair(from 24May2024) |
|
TStumpff(appointed23April2024) |
|
MPSLomas |
|
MEMale,Chair(resigned24May2024) |
|
CARobertson |
|
MChitty |
|
GDMHolt(appointed8July2024) |
| Company registered |
|
| number |
02218531 |
| Charity registered |
|
| number |
298951 |
| Company secretary |
KCKRuddle(resigned13June2024) |
|
ACVickers(appointed13June2024) |
| Chief executive officer |
DEvans |
| Independent auditors |
StreetsAuditLLP |
|
PottonHouse |
|
WybostonLakes |
|
GreatNorthRoad |
|
Wyboston |
|
Bedford |
|
MK443BZ |
|
|
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
2025 |
2025 |
2024 |
|
Note |
£ |
£ |
£ |
| Income from: |
|
|
|
|
| Donationsandlegacies |
4 |
2,516,702 |
2,516,702 |
4,409,836 |
| Charitableactivities |
5 |
799,388 |
799,388 |
1,053,438 |
| Investments |
6 |
112,835 |
112,835 |
64,038 |
| Total income |
|
3,428,925 |
3,428,925 |
5,527,312 |
| Expenditure on: |
|
|
|
|
| Charitableactivities |
|
3,988,987 |
3,988,987 |
2,917,228 |
| Net movement in funds |
|
(560,062) |
(560,062) |
2,610,084 |
| Reconciliation of funds: |
|
|
|
|
| Totalfundsbroughtforward |
|
4,198,204 |
4,198,204 |
1,588,120 |
| Netmovementinfunds |
|
(560,062) |
(560,062) |
2,610,084 |
| Total funds carried forward |
|
3,638,142 |
3,638,142 |
4,198,204 |
|
|
|
2025 |
|
2024 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Intangibleassets |
11 |
|
11,452 |
|
25,902 |
| Tangibleassets |
12 |
|
3,320 |
|
17,929 |
|
|
|
14,772 |
|
43,831 |
| Current assets |
|
|
|
|
|
| Debtors |
13 |
931,637 |
|
830,526 |
|
| Cashatbankandinhand |
|
3,586,089 |
|
3,790,762 |
|
|
|
4,517,726 |
|
4,621,288 |
|
| Current liabilities |
|
|
|
|
|
| Creditors:amountsfallingduewithinone |
|
|
|
|
|
| year |
14 |
(894,356) |
|
(466,915) |
|
| Net current assets |
|
|
3,623,370 |
|
4,154,373 |
| Total assets less current liabilities |
|
|
3,638,142 |
|
4,198,204 |
| Total net assets |
|
|
3,638,142 |
|
4,198,204 |
| Charity funds |
|
|
|
|
|
| Restrictedfunds |
15 |
|
- |
|
- |
| Unrestrictedfunds |
15 |
|
3,638,142 |
|
4,198,204 |
| Total funds |
|
|
3,638,142 |
|
4,198,204 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2025 |
2025 |
2024 |
|
£ |
£ |
£ |
| Donations |
|
|
|
| NationalGrid |
- |
- |
3,073,810 |
| Otherdonations |
2,516,702 |
2,516,702 |
1,336,026 |
|
2,516,702 |
2,516,702 |
4,409,836 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2025 |
2025 |
2024 |
|
£ |
£ |
£ |
| Projectincome |
799,388 |
799,388 |
1,053,438 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2025 |
2025 |
2024 |
|
£ |
£ |
£ |
| Interestreceived |
112,835 |
112,835 |
64,038 |
|
|
Support |
Total |
Total |
|
Direct costs |
costs |
funds |
funds |
|
2025 |
2025 |
2025 |
2024 |
|
£ |
£ |
£ |
£ |
| Projectwork |
3,670,229 |
318,758 |
3,988,987 |
2,917,228 |
| Total 2024 |
2,638,552 |
278,676 |
2,917,228 |
|
|
Total |
Total |
|
funds |
funds |
|
2025 |
2024 |
|
£ |
£ |
| Staffcosts |
2,699,681 |
1,866,659 |
| Depreciation |
29,059 |
28,169 |
| Consultancyservices |
86,675 |
51,763 |
| Stafftravelandsubsistence |
84,165 |
76,677 |
| Recruitmentandtraining |
27,060 |
11,522 |
| Otherstaffcosts |
19,862 |
18,485 |
| Projectcosts |
649,151 |
526,758 |
| Rentandrates |
74,576 |
58,519 |
|
3,670,229 |
2,638,552 |
|
Total |
Total |
|
funds |
funds |
|
2025 |
2024 |
|
£ |
£ |
| Telephoneandcommunications |
111,622 |
49,056 |
| Officecosts |
8,708 |
7,138 |
| Insurance |
14,194 |
9,917 |
| Marketing |
149,508 |
107,728 |
| LegalandProfessionalcosts |
15,292 |
11,316 |
| Trusteemeetingexpenses |
2,268 |
2,112 |
| Subscriptions |
6,777 |
6,528 |
| Entertaining |
4,990 |
3,529 |
| Bankcharges |
1,417 |
772 |
| Profit/lossondisposaloffixedassets |
- |
1,295 |
| VATProvision |
- |
66,000 |
| Governancecosts |
3,982 |
13,285 |
|
318,758 |
278,676 |
|
2025 |
2024 |
|
£ |
£ |
| FeespayabletoNEF'sauditorfor theauditofNEF'sannualaccounts |
10,240 |
9,750 |
| Staff costs |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Wagesandsalaries |
2,401,078 |
1,656,001 |
| Socialsecuritycosts |
223,015 |
150,018 |
| Contributiontodefinedcontributionpensionschemes |
75,588 |
60,640 |
|
2,699,681 |
1,866,659 |
|
2025 |
2024 |
|
No. |
No. |
| Managementandadministration |
9 |
8 |
| Project,salesandtechnicalstaff |
79 |
72 |
|
88 |
80 |
|
2025 |
2024 |
|
No. |
No. |
| Managementandadministration |
9 |
8 |
| Project,salesandtechnicalstaff |
76 |
70 |
|
85 |
78 |
|
|
2025 |
2024 |
|
|
No. |
No. |
| Intheband£60,001 |
-£70,000 |
1 |
|
| Intheband£80,001 |
-£90,000 |
|
1 |
| Intheband£90,001 |
-£100,000 |
1 |
|
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
|
|
FOR THE YEAR ENDED 31 MARCH 2025 |
|
| 11. |
Intangible assets |
|
|
|
|
|
Website |
|
|
|
costs |
|
|
|
£ |
|
Cost |
|
|
|
At1April2024 |
|
57,000 |
|
At31March2025 |
|
57,000 |
|
Amortisation |
|
|
|
At1April2024 |
|
31,098 |
|
Chargefortheyear |
|
14,450 |
|
At31March2025 |
|
45,548 |
|
Net book value |
|
|
|
At31March2025 |
|
11,452 |
|
At 31 March 2024 |
|
25,902 |
|
|
Computer |
|
|
equipment |
|
|
£ |
| Cost or valuation |
|
|
| At1April2024 |
|
43,835 |
| At31March2025 |
|
43,835 |
| Depreciation |
|
|
| At1April2024 |
|
25,906 |
| Chargefor theyear |
|
14,609 |
| At31March2025 |
|
40,515 |
| Net book value |
|
|
| At31March2025 |
|
3,320 |
| At 31 March 2024 |
|
17,929 |
| Debtors |
|
|
|
2025 |
2024 |
|
£ |
£ |
| Due within one year |
|
|
| Tradedebtors |
580,312 |
719,365 |
| Otherdebtors |
849 |
|
| Prepaymentsandaccruedincome |
350,476 |
111,161 |
|
931,637 |
830,526 |
|
2025 |
2024 |
|
£ |
£ |
| Tradecreditors |
113,589 |
32,318 |
| Othertaxationandsocialsecurity |
149,145 |
68,942 |
| Othercreditors |
186,517 |
139,176 |
| Accrualsanddeferredincome |
445,105 |
226,479 |
|
894,356 |
466,915 |
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
Transfers |
31 March |
|
April 2024 |
Income |
Expenditure |
in/out |
2025 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| GeneralFund |
651,642 |
1,055,492 |
(1,093,165) |
(147,995) |
465,974 |
| DistrictNetworks(including |
|
|
|
|
|
| NationalGrid) |
2,988,081 |
1,165,539 |
(1,653,485) |
147,995 |
2,648,130 |
| EST projects |
106,801 |
707,216 |
(689,065) |
- |
124,952 |
| OtherLAprojects |
407,849 |
500,678 |
(524,213) |
- |
384,314 |
| Fixedassetreserve |
43,831 |
- |
(29,059) |
- |
14,772 |
|
4,198,204 |
3,428,925 |
(3,988,987) |
- |
3,638,142 |
|
|
|
|
|
Balance at |
|
Balance at |
|
|
Transfers |
31 March |
|
1 April 2023 |
Income |
Expenditure |
in/out |
2024 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| GeneralFund |
729,926 |
926,186 |
(987,452) |
(17,018) |
651,642 |
| DistrictNetworks(including |
|
|
|
|
|
| NationalGrid) |
418,190 |
3,073,810 |
(503,919) |
- |
2,988,081 |
| EST projects |
70,630 |
972,992 |
(936,821) |
- |
106,801 |
| OtherLAprojects |
314,392 |
554,324 |
(460,867) |
- |
407,849 |
| Fixedassetreserve |
54,982 |
- |
(28,169) |
17,018 |
43,831 |
|
1,588,120 |
5,527,312 |
(2,917,228) |
- |
4,198,204 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2025 |
2025 |
|
£ |
£ |
| Tangiblefixedassets |
3,320 |
3,320 |
| Intangiblefixedassets |
11,452 |
11,452 |
| Currentassets |
4,517,726 |
4,517,726 |
| Creditorsduewithinoneyear |
(894,356) |
(894,356) |
| Total |
3,638,142 |
3,638,142 |
|
Unrestricted |
Endowment |
Total |
|
funds |
funds |
funds |
|
2024 |
2024 |
2024 |
|
£ |
£ |
£ |
| Tangiblefixedassets |
- |
17,929 |
17,929 |
| Intangiblefixedassets |
- |
25,902 |
25,902 |
| Currentassets |
- |
4,621,288 |
4,621,288 |
| Creditorsduewithinoneyear |
- |
(466,915) |
(466,915) |
| Tl |
- |
4,198,204 |
4,198,204 |
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Net income/expenditure for the year (as per Statement |
of Financial |
|
|
|
Activities) |
|
(560,062) |
2,610,084 |
|
Adjustments for: |
|
|
|
|
Depreciationcharges |
|
14,609 |
13,719 |
|
Amortisationcharges |
|
14,450 |
14,450 |
|
Dividends,interests andrentsfrominvestments |
|
(112,835) |
(64,038) |
|
Lossonthesaleoffixedassets |
|
- |
1,877 |
|
Increaseindebtors |
|
(101,111) |
(369,015) |
|
Increaseincreditors |
|
427,441 |
27,908 |
|
Net cash provided by/(used in) operating activities |
|
(317,508) |
2,234,985 |
| 18. |
Analysis of cash and cash equivalents |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Cashinhand |
|
3,586,089 |
3,790,762 |
|
Total cash and cash equivalents |
|
3,586,089 |
3,790,762 |
| 19. |
Analysis of changes in net debt |
|
|
|
|
|
At 1 April |
|
At 31 March |
|
|
2024 |
Cash flows |
2025 |
|
|
£ |
£ |
£ |
|
Cashatbankandinhand |
3,790,762 |
(204,673) |
3,586,089 |
|
|
3,790,762 |
(204,673) |
3,586,089 |
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
| Notlaterthan |
1 |
year |
23,470 |
22,985 |