ACTION RENEWABLES
(A COMPANY LIMITED BY GUARAltrEE)
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACTION RENEWABLES
Opinion
We have audited the financial statements of Action ReneKbles for the year ended 31 March 2023 whlch comprise
the Consolidated Statement of Financial Activitie5. {incltNJing Income and Expenditu￿ account), the ConsolÈdated
Balan￿ Sheet. the parenl charity cornpany Balance Sheet, the Consolidated Statement of Cash Flow5 notes to the
financial statements. including a summary of significant ￿)unting wlicies . The financial reporting framework that
has been applied in their preparation is applicable law and United KiNJdom Accounting Standards. induding FRS
102 The Financial Reporting Slandard appI￿able in the UK and Republic of I￿land (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements"
give a true and fair view of the state of the group's and the parent company's charitable affairs a5 at 31
March 2023 and of ils Profit for the year then ended",
have been properly prepared in accordance ￿th United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for Opinion
We conduded our audit in accordance with Intemational Standaid5 on Auditing (UK) (ISAS IUKII and applicable law.
Our responsibilities under those standards are further desciibed in the Auditor's responsibilit￿eS for the audit of the
financial statements section of our report. We are independent of the company In accordance with the ethical
requirements that are relevantto our a￿111 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 thal the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relalion to which the ISAS (UK) require us to report
to you were-
the directors, use of the going con￿rn basis of accounting in the preparation of the financi21 statements is not
appropriate., or
the directors have not disclosed in the financiat statemuts any identified matwial uncertainties that may cast
slgnfficant doubt about the group's or the parent company's atNlty to continue to adopt the going concem basis
of accounting for a perDd of at least twelve months from the date when the financsal statements are authorised
for Issue.
Other information
The other information comprise5 the information included in the Directors, Report. other than the financial statement5
and our auditor'5 report Ihereon. The directors are re5F)Dnsible for the other information. Our opinion on the financial
slatements does not cover the other information and. except to the extent olherwse expliciuy stated in our report, we
do not express any form of assurance conclusion thereon_
In conneclion with our audit of the financial statements. our responsibilty Is to read the other information and, in
doing so, consider whether the other informatton is materFally Inconsistent with the financtal statements or our
knovledge obtsined in the audit or otherwise appears to be fnaterially misstated. If we Klentify such material
inconsistencies or apparent matertal misstatements, we are required to detemine ￿ether there is a fflater￿1
rnisstatsment in the financid statements or a material ffdsstatement of the other infomiation. If. based on the work
we have perfomied. we conclude that there is a material mi5slatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.

ACTION RENEWABLES
IA COMPANY LIMITED B Y GUARANTEEI
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACTION RENEWABLES (Cont'd)
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the c<xJrse of our audit-
the information given in the Strategic Report and the Directors. Report for the financial year for which Ihe
financial statements are prepared is consistent wrth the financial statements,. and
the Strategic Report and the Directors, Report have been prepared in accordanTr with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the kno￿edge and understanding of the Charitable company and its environment obtained in the course
of the audit. we have not identified material misstatements in Ihe Strategic Report and the Directors. Report.
We have nothing to report in respect of the followng matters Whe￿ the Companies Act 2006 requires us lo report to
you if, in our opinion..
adequate accounting records have not been kept or returns adequate ft)r our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums.. or
certain disclDsures of directors, remuneration specified by law are not made., or
we have not ￿ceiVed all the informakn.on and explanatsons require for our audit
Matters on which we are required to report by exception
We have nothing io report in respect of the following matters where the Companies Act 2006 requires us lo report to
you if. in our opinion..
Responsibilities of director5
As explained more fully in the Directors. Responsibilities Statement. the directors are responsible for the preparation
of the finan¢lal statements arKI for being satisfied that they give a true and fair view, and for such internal control as
the directors detemiine is necessary to enable the weparation of financial statements that are free from material
mi5Statemenl, whether due lo fraud or error.
In prepafing Ihe financial statements. the directors are responsible for assessing the company's ability to continue
as a going cOn￿rn, disclosing, a5 applicable, matters ￿lated to going concem and using Ihe going concern basis of
accounting Ljnless the directors either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do 50.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance ab)ut 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 assuran￿. bul is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect 2 material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material rf. individually or in the aggiegale. they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements_
A further ijescription of our responsibilities for the audit of the fInar)￿al statements is located on the Financial
Reporting Council's website al.. http-.Ilww.frc.org.uklauditorsresponsibilities. This descrTPtion forms part of our
auditorfs report.

ACTION RENEWABLES
IACOMPANY LIMITED BY GUAPANTEEI
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACTION RENEWABLES (Cont'd)
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance with law5 and fegulation5. was as follows-
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 regulation5 applicable to Ihe company through discussions wth directors andlor
senior rnanagement: and from our commercial knowledge and exPerier￿e of the sector",
We focused on specific laws and regulations which we considered fnay have a direct material effecl on the finanaal
statements or the operations of the company. including Companie5 Act 2006. taxation legislation, data protection,
anti-bribery, employment, environmental and health and safety legislation
we assessed Ihe extent of compliance with the laws and regulations idents.fied above through making
enquiries of management and inspecting legal correspondence" and
identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-cornplian￿ throughout the audit.
We assessed the susceptibility of the carnpany's financial statements to material misstatement, including obtaining
an understanding of how fraud muht occur. by".
making enquiries of managemenl as to where they consKlered there was susceptibility to fraud, their
knowledge of actual, Suspected and alleged fraud." and
considering the internal controls in place to Tnitigate risks of fraud and non-compliance with laws and
regulations-,
To address the risk of fraud through management txas and override of controls. we..
performed analytical procedures to idenb-fy any unusual or unexpected relationships",
tested journal entries to identify unusual transaclions.
assessed whether judgements and assumptions made in detemiining the accounting estimates set out in
Note 2 were indicative of potential bias: and
investigated the rationale behind significant or unusual transactions-
In response to the risk of irregularities and non-compliance wrth laws and regulations. we designed procedures
which Included. but were not limited to".
agreeing financial statement disclosure5 to underlying supporting d￿umentatiOn-,
reading the minutes of meetings of those charged wrth govemance;
enquiring of management as to aclual and potential litigation and claims," and
reviewing Corresponden￿ wth HMRC and the company's legal advisor5"
There are inherent limitations in our audit procedures described above. The mare removed that laws and
regulations are from financaal transa¢iions. the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audrt procedures required to identlfy non-complian￿ with l¥ws and regulations to
enquiry of the director5 and other management and the nsp&#ion of regulatory and legal correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from ertor as they may
involve deliberate Con￿alment or collusion.

ACTION RENEWABLES
IA COMPANY LIMITED BY GUNIANTEE)
ANNUAL REPOFrr
FOR THEYEAR ENDED 31 MARCH 2023
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACTION RENEWABLES (Cont'd)
This report is made solely lo the charitable company's members. as a toty, in accordarre with Chapter 3 of Part 16
of Ihe Companies Act 2006. Our audit work has been undertaken so thal we might state to the parent charttable
company's members Ihose 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 company
and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have
formed.
Angela
Igan FCA {Senior Statu
ory Auditor)
For and on behalf of Harbinson Mulholland,
Chartered Accountants and Statutory Auditors
Centrepoint
24 Ormeau Avenue
Belfast
BT2 8HS
Date..
21 1.5123..
10