## ## ||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**||| ||**At**1April2024||**57,000**| ||At31March2025||**57,000**| ||**Amortisation**||| ||**At**1April2024||**31,098**| ||Chargefortheyear||**14,450**| ||**At**31March2025||**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_| ##