AcnoN RENEWABLE5 IA COMPANY UMrrED BY GUAftANTEEI ANNUAL REPORT FOR THE YEAR eNDEO 31 MARCH 2024 INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF ACTION RENEWABLES Oplnlon We have audited the financial statements of Action Renewables for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, (including Income and Expenditure account), the Consolidated Balance Sheet, the parent charity company Balance Sheet, the Consolidated Staternent of Cash Flows notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Sland8rd applicable in 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 group's and the par8nt company's charitable affairs as at 31 March 2024 and of its profit for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared In accordance with the requiremenls of the Companles Acl 2006. Bas18 for Oplnlon We conducled 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 company 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 evidenGe we hav8 obtained is sufficient and apprapriale to provide 8 basis for our opinlon. Con¢lu8lons relatlng to golng concern We have nothlng to report In respect of the following matters in relation to which the ISAS (UK) require us to report to you were.. the directors, use of the going concem basis of accounting in the preparalion of the financial statements 15 not appropriate; or the directors have not disclosed in the financlal statements any identified material uncertainties that may cast significant doubt about the group's or the parent company's ability to continue to adopt the going concern basis of accounting for a period of at least ￿e1ve months from the date when Ihe financial statements are authorised for issue. Other infomiatlon The other inforniation comprises the informalion included in the Directors, Report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information, Our opinion on the financial statements does not cover the other information and, except to the extent othemise explicitly stated in our report, we do not express any forrn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo 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 detemiine whether there is a material misstatement in the financial statements or 8 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. AcnoN RENEWABLE5 IA COMPANY LIMrrED 8YGUARANTEEI ANNUALREPORT FOR THE YEAR ENDED 31 MARCH 2014 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ACTION RENEWABLES Icont'd) Oplnlon on other matter prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Strategic Report and the Directors. Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Slralegic Report and the Directors, Report have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by excaptlon In the light ofthe knowledge and understsnding of the Charitable company and its environment obtained in the Gourse of the audit, we have not identified material misstatements in the Strategic Report and the Direclors, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, In our opinion.. adequate accountlng records have not been kept or returns adequale for 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 returns., or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the Information and explanatlons we require for our audit Mattern on whlch we arg requlred to report by exceptlon We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, In our opinlon., Respon81bllltles of dlrectors As explained more fully in the Directors, Responsibilities Statement, the directors 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 the directors determine is necessary lo enable the preparation of financial statements that arè free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as 8 going concern. disclosing, as appllcable, matters related to going concern and using the going concern basis of accounting unless the dir8Ctors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Audltor's responslblllties for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as 8 whole are free from material misstatement, whether due to fr8ud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high lev81 of assurance, but 15 not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatementwhen it exists. Misstatements can arise from fraud or error and are considered malerial if, individually or in Ihe aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: httP'.Ilww.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's report. AcfioN RENEWABLE5 IA COMPANY UMIYED BY GIJARANTE El ANNUALREPORT FOR THEYEAR ENDED 31 MAACH 2024 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 regulations, 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 regulations applicable to the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of the sector., We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation we assessed the extent of compliance with the laws and regulations identlfied above through making enquiries of management and inspecting legal correspondence., and identified laws and regulatlons were communicated within the audit team regularly and the team remained alert to instances of non