Financial Statements r):son ED_er(y, For the year ended 31 March 2023 Registered number: N1603445 Charity number; 100960 Bryson Energy (A company limlted by guarantee) Contents Page Referèncè and administrative details of the Chayity? it5 Trustees and advisers Trustee5' Yeport Independent auditor's report on the financial statement5 8-11 Slatement of financial activities 12 Balance sheet 13 Statement of cash flows 14 Notes lo the financlal statements 15-31 Bryson Energy {A company Ilmited by guarantee) Reference and administrative details of the Charity. its Trustee5 and advi5er5 Forthe year ended 31 March 2023 Trustees G Carson, ChaiT J Houston (tesigned 30 September 2023) J Chad S l.itde D Baker C M2¢k P Rainey (appointed 4 August 2023) Company registered number N1603445 Charity registered number 100960 Registered office 2 Rivers Edge 13 - 1? R2venhill Road BelEast Northern Ireland BT6 8DN Independent audltor Grant ThDrnton (NI) LLP Chatteied Accountants & St2tutory Auditor5 12- 15 Doneg2ll Squ2re Wc5t Belf&st BTI OJH Bankers AIB 11- li Don¢gall Square North Belfxst BTI 5GB Solicitors Tughans Marlborough House 30 VictoIia Street Belf*st BTI 3GG Bryson Engrgy (A Company Ilmited by guarantee) Trustees. annual report Forthe year ended 31 March 2023 Board members G Carson (Chair) J Houston (Ic5igncd 30 Scprcmbcr 2023) J ChAd S Litde D Bakcr P Rainey (appointccl 4 August 2023) Objectives and activities Bryson Encrgyj incorporated in 2010 is patt OF Br)rson Charitable Group. Thc purpose oFthi5 Charit>, subsidiafj, was piincipall}T ro assist Fuel potfeit), households through Advicc qnd Suppor¢ as well Js in5tralling me25ures in home5 and 5ucli nther chariiablc piirposes for rhc benefir of the public. However. followingy tlie intetnal mLrgLr of BnTon E￿Lr￿.. ivith Brl'son LIg￿5p[}r[s and Bri'stsn Futuresl(ills on Otli September ?01()- Br}rson F.nLrgy eNpanded lis r¢mit to include Skills Based Training ".Inplo)ubiliry and Ildycntuie ilctiviry programnies. In ￿laY 2021, Bri7%on Enei"gy acquircd vi2 an 2,88ei ttansfer Plai, Resource YlarehoLlSe Ltd, a crcatlvc ALt% & play chRrity whose facus qnd objects align to Ihose of BLy50n Energs,. This 2cqui%iiion br()usylit Furtlicr Dpporiuniiir SLiid diirer8iFiciiion for Ihe OLyni8irion. Within rhe 20￿? /23 financial period, Br}'50n Encrgip 8 remit ivaq further CXp￿ded in Oct 2022 Eolloiving an intcrnsl review ivhich resulted in tlic Community Root Cau%c progrnmmes being moircd to BriT.%on Energy. This new ￿¢2 ofivork iniFolves ideotifi.ing tlie personal 2nd houschold b¢irriers VLilnerable customer% arc facin￿, aiid rcmoving these root CaLLse5 through a rdnge OF v3fioLLS comrnunit), Focussed iLllUAUVCS. In fcb ?0?3, Bryson EnLrgy acquired the successfut Adventure Activities provider- Pathways. whicLI will provide significant growth in oiw Advcniurc Activiry. Tr9ining 2nd Ivellbeing programmes moving fornvqrd. In shaping the objccuves For thc 2022/23 opcrauonaL J'efit. thc Trustec5 considered the ChAi&ti' Commission's guid2nce on piiblic bcncfir. Bii'son Energy aims 10 inakc the grextC5t diffetence ￿rgeted to thosc in greatest necd in the following sil ￿e#S.. Slulls Based Training Emplo)'Rbiiity Energy> Budgeutjg Trd Home SIFety Support Creauvc Arts & Pla}, Advcncure Acuvities Communiry Led Root Cause Bryson Energy (A company limited by guarantee) Ttusiees, annual report (continued) For the year ended 31 March 2023 Achlevements and pÈrfonnance Over the cour5¢ of the 12 mooth pcriod to 31st March 2023 the Chatiry ha5 Continued to deliver programme outputs across Northcrn IreIand in a number of arca5.' Skills Based Tralnin9 The charity h35 continued to deliver key training programmes such 2$ Training? for Success and Skills foi Life 2nd Work. as well as the Apprenuceship NI progr2mmes' as funded by the Department for the Economs,. These PLogr2rnmcs ate OF critical importance to the work oFthe chfArit)p io driving education and training for young people. whi]st increasing skills bise for employment for those at a distdvantagc. Key resutts beloiv. Overall. Ive had 232 weekl)T iverage studcnt5 enrolled on our v2riouq programmes. We irLcreAsed out retention on our programmes by I la/0 2nd our disabiknry siippoit by 40/0 (from 2021/22). Employability The chatity has conunued to delivet k-ey employAbiiiry programmes including thc Step Into Employmentr As funded by the Department for thc Econom}p and the European Social Fund. These programmes are of critical Import￿Ce to the work of the charity in supporting thosc uncmplojcd back into employment or Anto fiuthcr cducxtton ot training progrnmmes. I￿¢Y results below. ?06 parucipants enrolled onto our mgin employment progr2mme 58 of which rnoved into emplo}ryneni Slnd 68 moi'ed into trgining/education as a direct tesuit of our ivork with them. Energy* Budgeting and Home Safety Advice & Support Supporred over 1000 households across Northern Ireland about energy mea5ure5 to iielp reduce household poirerty and carbon emissions. %rLd to improve houschold comEoit and wellbeing. In BdFast' 474 home safety 28se.%smeL]t5 wcrc carried out arLd 804 hrs ivcrc spent carrying out minor repairs works in vu]nerable housebol&4. In addition, 101 hours were spent 2.%8e55ing homcs and fitting security mea.%ur¢s co kccp them s2fer,' 2nd 54 hours ivere focussed on installing cnergy efficient measures (inc. dr2ughr proofiog). In Mid & East Antrim. vulncrable liouseholds received 533 hour.s of minor horne repgirs & support. In pxrtncr511ip witii the Dcparttnent foI Communitie5 we continued to support 5 communiry-based pilot SociaI Supcrrnarket support pIogrammc across NI to help mitigate the irnpact5 oFWdfarc ReEorm. Through this programme we have assisted ovci 100 vulnerable households Trvith energy ldvicc and cmcrgcncy cost of jiving grants. Adventure Activities The charity continucd its efforts to provide 3dv¢nturc activitie5 to a range of groups, Famtlies, and young people through support pro8rammes An line the organisouon's focus on social impact. Overajl. Ive engaged with 2934 people across a range of events and activities and dclivcrcd the Duke of Edinburgh aivatd to 335 young people. The aequi5ttion of the successfijl Adventrtrc Activities provider- Pathwxys in February 2023. will provide significant business 2nd customer groivth in this work are2 ill thc next financial }Tear and into the future. Bryson Energy (A company limited by guarantee) Tru5tees' annual report (continued) Forthe year ended 31 March 2023 Creative Arts & Play Brs¥on F.ner￿1 continucd to dcvelop this part of tlic ch2Tlt)' in 2 niain areas- scrap-store meniberships and creative art & play pro￿at￿Me5. A$ 2 regjstered charit)r ive colleci non-toxic waste m#terials fron) industry and redistribllte them to metnbers regi5tcr¥d groups. schools and organi52tiorLS. Ive glso develop A range OE creauvc arts & P123. programmes with x range of custumer ￿￿Oup& un beh2iFoE funding 0[￿￿552uunS induding Belfast Citi, Cuuncil and the Art4 Council Nl (IlCNI). lcey ResulLS below.. We h%d 8665 1?isitor.% ro the Scr2p-Store 888 member.% OlTerall_ at end ￿18rCh 2023 (27n/o increase from previous spcar Wc devclopcd and delivered creative arts & pliy proy2mme5 to 178 local community, & seliool groups supporung over 10,000 p2rucipantS. Community Led Root Cause IA Oct 2022 rhc Group Comniiinity. Root Cause progr2min¢s ivcre rcstrLiCtLircd to be P2¢ rt of BrTrson EncLgi'. This tcarn dclivcled a fLnb7e of b¢spoke Fami15' Support. Training. Emplo}TtEient, WcllbcinLF 2nd Energry Efficicnc5' jnitixtiires in 5 iwlner2ble commLirLiU¢5, with the oveLMll gy02110 idenufying 2nd retnovin&i Ihe root causc5 barriers ro individual 5U5rainttbility 2nd growth. Funding ivas provided by rhe UIK Prosperin. Fund ind from several priimte don2uons. C)verall, th¢ mwn root ciuse progrims supported > 2500 lioiisehold5 throiigh trainin¥> employnienr, en¢rgi' etFicienc}' ￿. d f#mil}t supporr. Bryson Energy {A company limited by guarantee) Trustees. annual report {continued) For the year ended 31 March 2023 Financial review Over the course of the year. Bti%on Encrgy has achieved a 9.6 0/0 increase in income and an increase in resenr5 of 240/0 with the organisauon ta￿ullg significant strides in driving Cost efficiencies 2nd irnprovements duriftg a period of high inflation and cost oEliving uisis. Surplus of £205.56.3 in M2rch 2023 wa5 1 10/0 below £231.119 March 2022 Figure, as the organisation reinvested funds with the acquisition OE Pathiwdys in Februaty 2023 alongside providing support and wage incteasL% to employees during a 5ignifican¢ cost of living crisis. The Chariry has conurLued 10 See growth in the delivery of programme outputs across N'orthern Ireland particularly around Training for Success and Cre2tive arts l￿d thc aCqUi8illon oEP2thways wiu gdd significant advantage in tlie growth in AcuvitLes Sector. ReseNes Ptyli¢y an41 Golng Concèm Reserves arc needed to bridge the timing gap between spending arLd receiving of incotnc and to covcr unplanned tempoxAry shortE9Jls in income Should they arisc. Holdxng adcquate rcscrvcs safeguArds the provision OE our services in the cvent of Un￿Pected significant finAncial pressutes. The Trustees considcr that the idcal Icvcl OF T¢scfv¢5 Ivould bettveen at lelsc three months expenditurc. In March 2023 Unrestricted reserves fredi. ai'Ailable to spend, there£ore in the form of investments, cash and cash equivalents not held for t¢stricted purposu or dc5igned project5 arc now above this target levd, 95 a iesult of thc ongoing work on the merger 21ongside ambitious strategi plans 2nd Eocuscd kcy pciformance iodic2tors. Plans for future period$ The vision ￿lking the grcatest difEerence to those in greatest need, is at the fotefzont of the on-goingwork of Bryson Encrgy. As part of a comprehensive strat￿tC rcvicw, it w25 notcd tb8t the Group comp8aics hgd ddtvered gjl the key elements of thc 5-year strktcgic plans in }TeAL 3 0£ the (2022/23). thereEote there is a need to dcveIop A new 3-yext p12n from April 2023. This ambitious plan will Focus our ￿tUre ivork io thc arcas of Crisi5 {e.g.. cost of living & refugee). Root C￿Usc and Health. These ncw plan5 will ￿s0 etnph?sise the need to expott the bcsr pracuce thkt we do and prornotc and advocate Fot this in the mark-etplacc. TLie pl%ns will also kddress legacji ensuting the companies are in 2 good plxce to addccss needs fot the next 20 years. Bry50n Energy's key strategic gtoTrvth PriOIitie5 over thc next 3 yeAr5 Ivill be.. To secur¢ ncw tenders & partnerships to expand our reach to 500 students. To maximise the Pxthwasps acquisition to increase our activities participants to 100,000 To secure donations to inttuse our root cause reach to 10 cotnmuniry areas. Bryson Energy would 3150 continue ro look for new opportunities through tendering, partnerships And acquisitions. With 2n exp￿ienCed and influcnti21 Board, and a Senior Manxgement Team driving against a challenging KPI & Pu15e5 scorecard, xnd * supportive parcnt organisation. we havc alrcady. in thc carl)p st2ges of tELe 2023124 finaocijl yeat. taken advantage of A nwnber of oPPOI￿nities, contioucd to groiv out rcacli and donations. snd are bidding fot exciting new contracts. Bryson Energy {A company limlted by guarant99) Trustees. annual report (continued) Forthe year ended 31 March 2023 Trustees. responsibililies in relation to the fir]ancial statements The Trustees who are 2150 directors for the purposc5 of comp•n}' lliv. are responsible for preparing rhc rrusrees. repoit and the financi21 stitements in accordance wirh 2pplicablc12w and United I(ingdoni rlccounting Standiids (United ln fnTm8 pii-r nf otir aLLditOL'% ieport. E.IpJ&lllff7rion .?s ro ti2J?.It e.Ittnr ihe .iÉidit TWS Considered c.'IF¥ible ufdetL'ctJjJiTrirre￿111:2r￿tYeS, iJic/iJding fr4111d Irrc&diriues, including frftud. r¢ irtstsnces of non-compli%ncc wich and regulation5. We desi￿ procedures in line ivith our Lesponsibiliucs, Olldined ibovc, to detect matcriid misstatemcnts in respect of iircgulirilles. including fraud. Oiving to the inhcrent lirnit%tions of An audit, there is An unavoidable risk th?r rniteLial misstlrcmcnc in the financid stntemcnts m3y not be detected, eveft though thc audit is properl) planned and pcrfoLmcd in xccordAnce with ISAS Iti Ikl. The cytcnc to which our proccdurcs are c2pabLe of d¢te¢ting irregulariues. including fraud, is detailed bclow: Bascd on our understanding OE thc chfirity and industry, Ive idenuficd that the princip8L risks of non-compliince with IRiirS And regulAuon5 rclatcd 10 compii*ncc ivith Data PriiTÉlCy12iv, Employmcnt Lxiv And Pcn5ions Legislauon nd ivc considcred the extent to iipkich non-COLnplioncc might hfivc A m2tcriai effect on thc F￿anCial staterncnt5. Wc also considered those IKurs and rLgTulations thAt hRve a direci itnp%ct on thc preparauoo of the fjn2ncJal statements such as the Companies Acr 2006 and UIK taN l¢gisLauon. Wc evaluated monagefftent's incenuvc5 2nd Dpportunities For fraudulent manipLilation of the financi￿ 5toterncnts (induding thc risk of override of controls), and det¢rtnin¢d thit the piincip?I risks were related to posting inappropriate journal entries to m￿lpulare financial performance nd rnanagcrncntr bi25 throL)gh judgcmcnts and assumptions in significant accounting e5UTnates. in parucular in rclition to signiFicant one-ofEor unusual transactions. We apply professional scepuusm through thc audit to consider potential deliberate omission or concealment OF significant ttansacuons, or incompletc/iniccL)rate disdosures in the finincial statemerAC. ITh r￿ponSe to tELese principal risLs, our audit procedures included but were not limited to-. inquirie5 of management on rhe poliaes and procedure5 in p174ce regarding compkngnce with laws and regulations, induding con.sideration of known or 5uspecLcd instances of non-comp￿8￿C¢ and whether they have knoivledge of any actuAL, suspecied or alleged fraud,. gaining an understanding of rhe internal controls estabii5hcd co rniugate risk relatcd to fraud., inspcction of thc charity's regu]atory and legal correspondence and rcviciv of minutes of board meetings d￿l￿g Ihc ycar to collaborate inquiric5 made- io GrantThornton Independent auditor's report to the members of the Bryson Energy board (continued) discussion amongst the engagemcnt team in rdation to the identified laws Lnd rcguiauons and regarding the risk of fraud. and remaining ￿ert to ÉLny indications OE non-compjiance oi oppottuniues foI ￿UdUleAt maaipulauon OE financid sratcments throtsghout thc audit., • identifyng and testing journat entries to address th¢ risk of inappropIiate journa15 and man2gement override of controls- designing audir procedures to incotpor2te unpicdictability around the nature. timing or extent oFour ttstin • ch211enging assumptions and judgemcnts made by management in their si8nific2nt ￿COunting esumatts. induding the c2trying value of fixed assets,. 2nd revenue recowtion,. and revicw OE the Fin2ncial statcrncnt disclosures to underliryng supporting dOc[un￿tatiOn and inquiiies of rn3nagement. The pximary responsibility for the prevention and detection of irregularitie5 including frdud rests with those charged with govern2nce and management. As ivith any audit, there remains a risk of non-detecuoo or irrcguiaTiues, as these may involve collusion, forgery. intenuonal omissions, mistrpiesenrations or override of int￿n2[ controls. The purpose of our audit work and to whom we owe our responsibilities This report ts made solely to thc chatiry's members. as a body? in accordancc with Chapt￿ 3 of Part 16 OF rhe Companies Act 2006. Our xudit work ha5 bccn undertaken so that we might state to the chAfity'5 membcrs those matte¥5 wc %re required to state to them in auditor's report md for no othcr PULpose. To the EL￿eSt extent permitred by law, wc do not accept or 2ssume icsponsibdi¢y to an)Tone other than the charity and the tharity's rncmbers as * bodj,. for our Audit work Eot this repor¢ or Eot the opiwon5 wc havc formed. Neal Taylor (Senior stalutory auditor) for and on behalf of Grant Thornton (Nl) LLP CLiartered Accountants & Sta￿tOry Auditors Statytory Auditors Belfast Date.. 18 December 2023 Bryson Energy IA company limited by guarantee) Stitement of financial activities (incorporating income and expenditure account) Forthe year ended 31 March 2023 Restricted Untestricted funds fund5 2023 2023 Total fund5 2023 Total funds 2022 Note In¢omÈ from: Ch&ritable acuviues Other income 379,423 2,720,487 94,536 3,099,910 94,536 1825,201 86,658 Total income 379,423 2,815,023 3,194,446 2,911,859 Expenditure on: Ch2fii£2ble activiues 372,686 2.616,197 2,988,883 2,680,740 Total e)(penditure 372,686 2,616.197 2,988,883 2.680,740 Net iiicomè Tr2nsfer5 between Funds 6,737 198,826 205,563 231,119 .14 Net movement in funds 6,737 198,826 205,563 ?31.119 Reconeiliation of funds: Total funds broughi fonvard Net movement in funds 846,424 198,826 846,424 205,563 615.305 ?31.119 6,737 Total funds earrled forward 6,737 1,045,250 1,051,987 846,424 The Statcmcnt of financial 2ctiVltiC.8 include$ 2ll gain8 and1058es recogni5cd in the year. Thc notes on pages 15 to 31 form part OE thc5¢ Fin￿LC12[ staterncnts. Ali ￿￿ountS relite to continued operations. 12 Bryson Energy (A company limited by guarantee) Reglstered number: N1603445 Balance sheet For the year ended 31 March 2023 2023 2022 Note Flxed asset5 Intangible assets Tangible 2SSCts Investments (291,4871 792,380 17,326 518,219 io 656,435 17,326 287.738 Current assets Debtors C2sh at bank" and in hand 12 18 572,793 335.981 908,774 375,00 542,239 303.401 845.640 286,954 Creditors: amounts falling due within onc year Net current asset5 13 533,768 558,686 Total assets less curyent liabilities 1.051,987 846,424 Total net assets 1,051.987 846.424 Charity funds Rcsttictcd Eunds Unrestsicred fuAds 14 14 6.737 1,045,250 846.424 Total funds 1,051.987 846.424 The Trustees a￿￿oW1¢dgc theii iesponsibilities foI complying with the iequiremcnts of the Acr ivith respect to accouocing records and preparation of Financial statements. The financiAI stdternents have been prcparcd in accordance wlth the provisions applicable to erttiues subject to the small companies Iegime. The financial statements wete approved and authorised for i55ue by the T￿ste¢S on Signed on the on Trustee The notes on pages 15 to 31 fortn part of these Fmancial st#tem¢nts. 13 Bryson Energy IA company limited by guarantee) Statement of cash flows For the year ended 31 March 2023 2023 ?022 Notc Cash flows from operating activities Nct cash used in operating icuiiiue.5 17 242.015 104,634 Cash flows from investing activities Dividends, interests ients from investment5 Cash floiv from invcstoi¢ot in pli}, resource Purchase OF tangible F￿ed asscts {9i,i57) C74,301) (209,435) Net cash (used inllprovided by investing aetivlties 32,580 (169,858) Change In cash and cash equlvalenls in the year 32,580 (65,224) Cash And c*5h equil.￿¢￿[5 die beqinnin.g OE the )-ear Cash and cash equivalent5 at the end of the year 303,401 335,981 368,62) 303,401 18 Thc, notes on Pli xes li ro 31 Eorm pirt of dicse f￿1￿cli1 sr1tcincnrs 14 Bryson Eneryy (A ¢ompany limited by guarantee) Notes to the financial statements Forthe year ended 31 March 2023 General information Brys00 Eneigy is a company limited by guarantee in Northern Ircland, incorporated undtt the Cotnp2nies Act 2006. Its re8i5tued office is 2 Ilivers Edge, Belfast. Notthem Ireland. BT6 8DN and it has compan}, tegistration numbet of N1603445 2nd ch2tity registrition number of 100960. The principoj activities of the merged entity ttre to assist fijd povety households through Energy Advice and measures in homes and the provision of trainin& Support. exercise and skiU5 to encouragc individuals and young peoplc to realise their Eull potenti9J. Accounting policies 2.1 Basis of preparation of financial statements The s￿tements prep2red on a going concern basis, under the histOriC21 cost convention and in accordance ivith Secuon IA OE Finincial Rcporung Standard 102. thc FAn2nCi21 Rcporting Stando applicable in the UK 2nd the Republic of Ireland the Companies Act 2006. unless orherwise noted in the accollntyng poliies bdow. They have been prep3rcd in accord>￿re with Applicable law and 2ccounting standards issued b), the Financial Repotung Council. including (FRS 102) Yhe Fin2ncial Repoiting Standard applicable in the UIC Republic of Ireland (FRS 102) the Statcment of Rccomrnended Practice- Accounting and Repoiting b), Charities, efftctive 1 st January 2019 (SORP?. Bryson Enew. meets the defit)ition of a public benefit entiry ut]der FRS 102. On 30 September 2019 thc charityF entercd into a charity combin*tion ivith BrysoLI Lagan5POrtS 20d Bryson Futureskills Dmired. which met the rcquircmcot 0£ Secuon 27.4 0£ Ch2rities SORP (FRS 102) - Ctircria for merger accounting. Accordingly. tlie coinbinauon hA5 been accounted for as a merger. As a rcsult. rhe f￿AnCiaL statemLnts Are presented As if the combination had been effective from l ApIii 2018. The preparation of flnanci￿ statements in compliance ivith FRS 102 tquires the use of certsin criuc accounting estimate5. It a]50 r¢quires management to ¢xttcise judg¢rnent in applying rhe Chariry's accounting policies (see note 3). The fiTh0ncial statements ttre prepared in stetling (O. which is the functionat currency of the entity. 2.2 Golng concern After reviewing the chuiir's foieca5ts and projecuons. the trustees have & reasonable expectation that the charity has adcquatc rcsourccs to continue in operauonal cxistcncc for the foresceable futtire. The charity therefore continues to adopt the going concern basis in preparing its F￿ancIal statcmeats. 15 Bryson Energy IA company Ilmlted by guarantee) Notes to the f￿ancial statements Forthe year ended 31 March 2023 Accounting policies {continued> 2.3 Income All income is recogniscd oiice the Charity has enutlcmcnt ¢0 the incomc. it is probxblc th*t thc incomc be rcceived And thc 8rnOUnt OE incorne rccciiTable can be Lll¢asuied reliabls.. The recogmiuon OF income From I¢&yLcies is dependenr on estabLishing cntidement. thc probabiliry of receipr and the abiliry to estimate ivith siifficient a¢curacy the imount reccivqble. Evidence OE enutlement to a legacy ¢%ists ivhen the Charity his sufficient evidence thit a gifr has been leEt to them (thious Imowlcdgc OF rhe existence of a valid will and thc dcath DE the bcnefactor) and the Cxecutor is satisfied that the properry in question ivill not be required 10 satisE)T claims in dic cstare. Receipt of x leLyac)' must be recoLrnised ivhen it is probable thit it ivill bc receiiwed and the fair value OE the amouAf receivable, vhich will generally be Ilie expected c?8h amounr tu be di8triburcd to the Charity. cin be reliibls, measured. Income fLom con(tACts for Ihe suppli 06seivices is recognised with the dcLiN"eriT of the conrrficted 5eLViCC. Thi5 is classified As unresuicted Funds unlc5S thcre is a contrAcDJAI requiremcnt Eot li to be spcnc oil a p￿tiCUl￿r purp05c ind ieiumed if un5pcnr, in ivhich cA5C It m*y be rcglrdcd %s resuicicd. Reiicnuc fioin 2 conttacc ro providc scTh'ices is Lccogoised in Ilic pcrioLI in ivhich Ihc SCLipjCCS t1rc provideLI in accoidance ivith thc srllbTe of compleuon of the conLract ivlicn all of tlie Eolloiving condiuons vc sausfied.. the amount of revenue c2n be measiired reli2bly- &t is probablc thaL the Group ivi]J rcccive the consideTauon due under the contnct- the stage of compleuon of the contract at the end of the reporting period can be meiisured reliabl}'> and the costs incurred and the costs ￿ complet¢ the contrncr can be measured reliably. 2.4 Expendituyè ExpendIw￿ is recogFnised oncc there is 2 legal or constructive obliwduon to trdnsfer economie beneEit to a third party, it is probabl¢ that a transfer OF economic benefits will be required in setdement and the amount of the obliwJtion can be measured reLiably. EYpcnditthre is c13ssified by activity. Thc costs OE each acuvity, are madc up OE th¢ total of direct coscs 2nd shared costs, including support costs involved in undertalcing each ictivit),. Direct Costs aitributhble to 3 Single activity. 3r¢ allocated direcdy to thar activity. Shared co5t5 which contribute to more than onc activity* and Support costs ivhicli are nor attribu￿ble to 8 single activiry are apportioned between those scuviue5 on a basis consistcnt with the use of resources. Central staff costs are Jjlocited on thc basis of time spent, and depr¢ci2uon chaws 2lloca¢ed on tile portion of Ihe a55et's use. Expenditure on charitable activiue5 is incurred on dirccdy undertaking th¢ actiiritic5 which Eurther the Charity s objecuves. as wcll as 8n}' Associated support costs. Governance costs include diose c05tS 2s%ociated with meeting the consututionaE and srawtory requirements of the charity ind irldude the audit Eces, co.sts of leg21 advice For trustees and costs iiAked to the strategic managcment of the chariry, including trustee meeting5. All ekpenditurc is indusive oEiticcovctable VAT. 16 Bryson Energy {A company lirnited by guarantee) Notes to the financial statements Forthe year ended 31 March 2023 Accountlng policies (contlnued) 2.5 Intangible assets and amortisation Negative goodwill t5 CaPltalt4ed and recognised in the profit and Ios8 in the period in ivhich non-monetary assets arc recoyered, which is considered ro be 5 ye2rs. Amorusation is calcu12ted as ro writ¢ ofE the cost OE an 25seL less tu8 c%timated re.%iduai vjjuc. over the useful live OE that asset. All intangible assets are considered to hAve a fintte usefid life. If a teliJbl¢ estimate of th¢ usefid Jife cannot be made, the usefid ￿£¢ shall aot ￿￿ed tcn ycar5. Amoitisaiion is provided on intangible assets it rates c￿culated to ivrite off the cost of each asset on a straight-line basis over its expected useful ]iEe. Amortis?uon is provided on the Following basis.. Negative goodwill 20./0 Straight Iine 2.6 Tanglble fjxed assets and depyeciation Tangible fixed assets are initi2lly recogni5ed at C05t. Aftec recognition. under the cost model, taugible F￿¢d assets are M￿s￿red at cost less accumulated depreciation and an51 acCu￿Ul2ted imp2irment losse5. All cost.* incurred to brtng a tangible Exed asset into Its intended working condition should be induded in the me2sur¢mcnt of C05L Depicciauon is ch%Lrged so as to alloc%te the cost OF txngible fixed assets less their residu￿ value over their e5timited useEul Iivcs, using the Strjight-line mcthod. Depreciation is provided on the folloiving bases: Long-term leasehold properry Plant And machinety Motor Vchides O£ficc equipment Fixtures 2nd fittings 20/0 StrAight iine 20_250/0 straight line 25 /0 Straight Line 250/0 strgight line 25 straight linc 2.7 Investmellts Inyesttnents held 85 r￿ed a%sets a¢e shown at co.%t Ics.4 provision for impairment. 2.8 Investment property IAve5tsncnt property is carried At fgir value de￿Mined annually b), external vaLuct5 derivcd ftom the current rn￿k-tt rcrLts and investment pIopctty yicld5 fur compRrable reoj estate. adjusted if nccessary, fot an3. difference in the naturc, location or condiuon of the specific a5seL No deprcciation is provided. Changes in fgir vgjuc are recognised in profit or loss. 17 Bryson Energy IA company limited by guarantee) Notes to the F￿ancial statements For the year ended 31 March 2023 Aeeounting policie5 {continuedl 2.9 Revaluation of tangible fixed assets Individual Freehold and Ic2.%ehold propertios are carricd ar currcnt yeir value at fair value ar the date of thc LcvRiuid rion less injr subsqucnt accumulated dcprcciation and subsequcnt iccurnulatcd imp%irmcnt losses. Rcir811114 tions arc iindertAkcn wirh suEficient regu12rity to cnsurc thc c%rrying xmount does not diffcr mgrcri2]Ii' Erom that wliich would bc dctcrjnincd using f￿r v2tLl¢ Xt the Statcmcnt of flnancial posiuon dite. Faix value$ 2LC determincd from market ba5cd cvid¢nce normalli. undertxk.en by professionally qualified valuers. RevaIu2uon gRins ind losses arc rccognised in othcI COiTIPLeliensiipc incgmc unless losses eiceccl thc previously rLcogni5ed ￿1n5 01 refiect % clc42r consumption of cconomic bcnefit5, in ivhich c1se the eNcess losses rccognised in profil or Ios5. 2.10 Debtors Trade and otlier dcbtors rtre recosmised 1r the settlement q4 mount ifter nn!, rrndc distoiini offered. PrcpaJmcnr5 41re vilued ir rli¢ aniount prepaid nei of an)- tradL discounrs due. 2.11 Cash at bank and in hand Cash at bank 2nd in hid nd include5 cash and short-term liiLkhli, liciuid iniTesrnients ividi a short mowriry of tlirec mondis or less From the date of acquisiuon or opening of the deposit or similar account. 2.12 Liabilitie5 and provisions Liibitiue5 d PTovisions are recogrused ivhen there i5 an obbgauon ot the Balince Sheet date a5 a Te5uIt 06 I P11 St eveL]t. it is probable that a trar15fer OF ccouomic benefjt ivill be required Ln 5etdemcnt. and the Imount OF thc setdement can be estimited reliabl),. Liibilities are recogniscd ar thc amount that thc Chaiity anticipate8 it will pay to 5CttIe the d¢b¢ or th¢ amount it lia.% received L$ advanccd paspments for the goods or serviccs it musr providc. Provisions %Lre measiired at the best estimate of thc arnounts required to settle the ob]l￿tiOn. Ivhere th¢ effect of the time vglue oEmoneyis matuid, th¢ provision is based on the present v￿ue oEthose amounts. di5COUtLted at thc pre-tax kn"5coufLf Iate that xeflect5 the ri5115 specific to thc iiabslity. The unwinding of the discount is xecognised in thc Statement of financia] activities as a fmance cost. 2.13 Holiday pay accrual A Liibility is recognised to the eytent of SLny unused holida}, pay entidenient which is accrued at the Bojance 5hcct dare ind carried foThvard to future periods. This is me%￿ured it ¢he undiscounted salary C05t OF the ILiture hO￿.dAY cntitiement so accrued at the B9Jance 5hcct date. 2.14 Financial instruments The Charity only h8s f￿1￿nCIal as5er5 and financial ]iabiiiues OF a ktThd that qualify as basic Financial in5trument5. Basic financial instrutnents are initiall}T recogmi5ed ar transaction value ?nd sub$4uently easllred at their.sertlement V21ue with tLic cxcepuon of bank luans which Rre subsequendy measured Ét amortised cost Using the eEEecuve inteiest method. 18 Bryson Energy (A company limlted by guarantee) Notes to the F￿ancIal statements Forthe year ended 31 March 2023 Accountin9 policies (continued) 2.15 Operating leases R¢ntaL5 Paid undet operating Icases are charged to the Statement of financial activitics on a straight linc basis over thc Icasc tenn. 2.16 Pensions The Charityp opcrxtes & dcFfftcd contribuuon pcnslon Scheme and the pension ch2rge icprc5ents the amounts p%}'ahlc by the Charity to the fund in respect of th¢ year. 2.17 Fund accountlhg Gener21 fi2nds are unrestticted funds which ate xvlilable for use ar the discretion OE the Trustees in futtherance of the genetat objectivcs of the Chariry and which have not been designated for other putposes. Designated funds compIise unrestricted Funds that have been set aside by the Trustees for particul•x purposes. The aim and use of each dcsign41ted fund is set out iti the notc5 to thc IinanaftL 5tatetnents. Restticted Fund.% are funds which are to be used in xccordancc ivith specific restricuons imposed by donor8 or which have been rai.scd by thc ChAriry for particular putpose8. The costs OE raising and administering such are chaiged a￿ainst the sp¥cific ￿nd. The xim 2nd use of each re5tticted EL￿a is set out in the notes to the financiti s¢2cements. Invcstment income. ggius and1055es are allocated to d]e appioptiate fund. 19 Bry50n Energy IA ¢ompany limited by guarantee) Notes to the F￿anCial statements Forthe year ended 31 March 2023 Critical ?¢eountin9 es*imates and areas of jud9èment The preparation of these financial statcments requir¢5 the Trustee5 to mak-e judgemcnr5, estimates 2nd J55UfflPtiuns thi￿ t affect the applicauon oFpolicies ind reportcd ￿nOUrtts of asset5 2nd liabdities, incom¢ 2nd eKpen5es. Judg7ements and esumar¢s are continua]l)' evlliiated *Ad 14 r¢ based on historical Lipeiiences and other facrors, including expectauons OE funire events that are beliei'ed to bc rcasonible under the circumstanccs. Critical accounting estimates ￿]d assumptions.. Thc Charity makes estimAte5 and assumption5 concerning the fuNrc. The resultyng accounting estimatts and 2ssuniption5 will, b), definition, seldom cqu2] the related aciiial results. Thc e5timatth and a55umption5 that haire a 51LTnificant risL OE causinkf i mateiial adjustnient to the carrl'ing amoL)nts of 255et.% ttnd liabilities ivithin the next Financi￿ Ipexir are discussed beloiv. Critical areas of judgefflent: a) Recoverabtlity of deb¢ors Lstimites irc m1de in rcspcct of The rccoRrcrable vdue of tradc llnd ocher debtors. Ivhen asscssinkt rhc levcl of i)roiyisions re4Liirccl, ficiurs includinby CLlfFent traclinbt cxperience. histurical eNperienc¢ ind tlie agFin profil¢ of dcbLors are con5idcred. b) Long term contract accounung Esumarcs arc made in rcspcct of the fin1ncirfd outcome of long term contrtct5. Ixlhen uni& vuidable costs of fulfillj.ng a contract are expected tu exceed cutnmitted and di5cretionar)p cosis a contract 15 decmed onerous and a piovision is tecogniscd itnmedAitel}'. 20 Bryson Energy (A company limited by guarantee) Notes to the fjnancial statements For the year ended 31 March 2023 Income from ¢haritable activities Restrieted Uftrestricted funds funds 2023 Total funds 2023 2023 General income Skills ft)r Lifc and Ivork European social fund European projects CLEBJ/Root Caus¢ Energy scheme Pla}. iesourcc Btidges to progression 30,000 172.749 1,940,680 225.363 92,000 202,749 1.940.680 225,363 92,000 206,740 189.679 237,691 5,000 206,748 46,926 90,749 5,000 142,753 146,942 Tot212023 379,423 2,720,487 3.099,910 Restricted Unrestticted funds funds 2022 2022 Total fund5 2022 Generoj income Skills for life and Work Europ¢arA Socigj Fund EuropeAn Projects Energy ScL]cmc Play Resoutce 98.429 2,029.852 228,556 95.010 195,829 120.608 98,429 2.029.852 228.556 95.010 245.795 214,217 49,966 93.609 Total 2022 143,575 2,768,284 2,825201 Olher income Unrestricted funds 2023 Total funds 2023 N¢￿tive goodwill amortisation 94,536 94,536 Total 2023 94,536 94,536 Bryson Energy (A company Ilmlted by guarantee) Notes to the ffftancial staten]ents Forthe year ended 31 March 2023 other income {¢ontinuedl Unrestricted funds 20?2 Toral funds ?022 Negauve goodivill amoitisauon 86.658 8(),()58 TotAL 2022 86,658 86.658 Ahalysls of expendi*ure by activlties Activities undertalicn directly 2023 Support costs Totxl funds 2023 2023 Charitable iCtiiPtUeS Governance cos 2,965,700 2,965,700 23,183 23,183 Total 2023 2,965.700 23,183 2,988,883 Acuviues undertaken direcdy Support cost5 202? 2022 Total funds ?022 Charitable acuviue5 Governance cos 2,609,?94 2,609.294 71.446 71.446 Total 2022 2,609 ?94 71,446 2,680.740 22 Bryson Energy (A company limited by guarantee) Notes to the £￿ancIal statements For the year ended 31 March 2023 Analysi5 of expendlture by activities (continued) Analysis ot support eost5 Total funds 2023 2023 Lcgxl and piolcssional Govcrnance supporr costs 9,183 14,000 9,183 14.000 Total 2011 23,183 23,183 Total funds 2022 2022 I.egal and professional GOEr￿nInce support C05t5 Untestrictcd sUPPOft Costs 58.091 8.526 4,829 58,091 8.526 4,829 Totsj 2022 71.446 71.446 staff ¢osts 2023 2022 Wages and salarie5 Social sccuriry costs Contribution to dcfined contribution pensiort $chcmc5 1,124,493 100,936 55,856 960,580 100.466 102,861 1,281,285 1.163,907 The avetage number of persons etnployed by the Chatity, during the }Fcar was as follows.. 2023 2022 Employees 40 40 Bryson Energy (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2023 staff costs {contlnuedl The numbcr of emplo}res whosc cmplo)Tce bcncFits {cxduding emploi'cr pension c05t5) Gxcccded £60,000 was: 2023 2022 In thc b2nd 00,001- £80,000 In the band £60.001- £70,000 lie). mlj niRement personnel includc 1ll Direcrors 2nd Assistll nt Directors of thc Chiriti.. The totd compens1uon P11 id to ke)* mJnagemcnt pcisonncl for scrn'sccs piovided ro the cliariLy W41S £178,905 (2022.. £li9.304). Trus*ees' remuneration and e.xpenses Durinq the I'eir, no Trustees receii'ed An). reiniincLluon oi. other benefits P022 - £ThIIL-). During the J'C14 r cndcd 31 h,farch ?023, cNpeLlSCS tClLfLbutscd ro Trustecs Nvere 11.612 P022- LNii). Intangsble assets Negative goodwill At l Aprd ?022 Additions (472,681) At 31 March 2023 (472,681) At l April 2022 Charge for the )rcAr (86,658) (94,536) At 31 ￿[￿[ch 2023 (181,194) Net book value At 31 March 2023 291,487 At 31 Maich 2022 386.023 On 4 MAY 2021. Bry50n EnerEY acquired the Trade and ￿set5 and liabilities 06Play Resource Trading Co. limited and PIAY Resourcc Warchouse Limited with negative goodwill being gencrated totalling £472.681. This is xmottised ovcr a 5 year period. Bryson Energy {A Company limited by guarantee) Notes to the fmancial statements For the year ended 31 March 2023 10. Tangible fixed assets Long-tetm Assets leosehold Plant arAd Motor Fixtures Office Under property rnachinery vehicles and fittings Equipment Construction Total Cost or valuation At l April 2022 Additions Disposa]5 584.000 38,175 1.220,449 6,150 46,753 49,657 (8.441) 1.889,377 207.013 (26,136) 140,000 11.206 (17,695) At 31 Ntarch 2023 584,000 140,000 20.480 1,226,599 87,969 11,206 2,070,254 Depreciation At l Apti] 2022 Charge For the year On di5posaJs 10.707 11.680 19.402 5,120 (17,695) 1.185.036 35,669 17,797 13,932 (8,Ml) 1,232,942 71,068 (26,136) 4.667 At 31 March 2023 22,387 4,667 6,827 1,220,705 23,288 1,277,874 Net book value At 31 Maich 2023 561,613 135.333 13,653 5.894 64,681 11,206 791380 At 31 M￿ch 2022 573,293 18.773 35,413 656.435 25 Bryson Energy IA company limited by guarantee) Notes to the financial statements Forthe year ended 31 March 2023 Fixed asset investments Other fixed 55et investments Cost or valuation Ac l April 2022 17,326 At 31 Match 2023 17,326 Net book value Ilt 31 iNlttrch 2022 17.326 At 31 March 2023 17 J26 12. Debtors 2023 2022 Due within one year Trade debtors tlmounts owed by group undertakings Odier debLors Prepajrments Accrued income 199,077 67,653 183.178 10,681 17.319 59,807 271 ?54 90,615 215,448 572,793 542.239 Bryson Energy (A company limited by guarantee) Notes to the ffftancial statements For the year ended 31 March 2023 3. Creditors: Amounts falling due within one year 2023 2022 Trade creditors Arnounts owed to group undertÉkings Othcr taxation and social security Accru21s Other creditors Deferred income 44,091 65,232 30,717 101,786 12,414 120,766 76.523 17,371 134,670 12,337 46.053 375,006 286,954 The Charity's 2cuvities Trvithin the exemptions afforded by the provision of the Income and Cotporation T￿e5 Act 1988. Accordingly. th¢re is no taxation chargc in thcse accounts. Bryson Energy {A company limited by guaranlee) Notes to the f￿anCIal statements Forlhe year ended 31 March 2023 14. statement of funds B•lance at 31 March 2023 Balance at I April 2022 Transfcrs in/oui Income Expenditure Unrestricted fund5 Designated ￿ndS De5igndqtcd Fund5 Generil funds General Funds 846,424 ?,815.023 (2.616,197) 1,045,250 Total Unrestricted funds 846,424 2,815,023 (2,616,197) 1,045,250 Restrictcd fiinds F.ner8y Scherne 46.926 206,748 5,000 30,000 90,749 (40,189) (206.748) (i.000) (30,000) (90.749) 6,737 CJ.ElU Bridgu to progression Geneial funds Pla). Rcsollrce Total rcstrkcted funds 379,423 (372,686) 6,737 Total of funds 846,424 3,194,446 (2,988,883 1,051,987 Summary of funds Balance at 31 March 2023 Balance at I Apiil 2022 Transfers in/out Income Expenditurc Designated funds General Funds Re5trictcd filnds 846,424 2,815.023 379,423 (2.616.197) (372,686) 1,045,250 6.737 846,424 3,194,446 (2,988,883) 1,051,987 28 Bryson Energy (A company lirnited by guarantee) Notes to the fjnancial statements Forthe year ended 31 March 2023 16. Analysis of net assets between funds Analysis of net assets ljetween funds - ¢yrrent year Restricted Unrestricted unds funds 2023 2023 Total funds 2023 Tangible Fixed assets I￿tan￿ble fixed as.%ets Fixed asset invc5tments Current assets Creditors due within one yeat 792.380 792,380 (291,487) (291,487) 17,326 17,326 902,037 908,774 75,006) (375.006) 6,737 Total 6,737 672,564 1,051,987 17. Reconciliation of net Movement in funds to net cash flow from operating activities 2023 2022 Net income For the yexr (xs pet Ststement of Financi3J Activiues) 205,563 231.119 Adjustments fot: Depreciatiotj charges Interest expense (Increase)/dccrcasc in debtors Incrcase/(decre2se) in crcditor5 Amortisation of goodwill 71,068 2,422 (30.554) 88.052 (94,536) 98,054 87,944 P25,825) (86.658) Net cash provided by operating activities 242.015 104.634 8. Analysis of cash and cash equivalents 2023 2022 Cash in hAnd 335,981 303,401 Total cash and cosh equivalents 335.981 303,401 29 Bryson Energy (A company limlted by guarantee) Notes to the f￿ancIal statements For the year ended 31 March 2023 19. Analysis ol changes in net debt At l April 2022 C25h flows At 31 March 2023 Cgsb at bank and in haud 305,823 30,158 335,981 20. Pension COTnmitments DofLned contribution plans The charity opcrates a defined contribution schetne for their employces. The assets of tiitt sch¢nie are lield SCPal2¢ t¢li" fioni thusL OE th¢ charity. annual contribuiiuns P&l5iabltt arL charged [() thv Statenieni OE rinancial Actiipities. Thc amount recoLYnised in income ()r expendirure expense in relation t() defined cnntriburi()n plan% ivas £.-.ii,85() Pth??: £,1 Q? 8()l). Thc bali£ Ace unpjicl ac rh¢ iT¢ir-end ttni()unted r() £19,413 (2022: £12.3)7)- 21. Operating lease com>nltments At 31 MaLch 2023 the Charitji had cominiimcnts ro make future M1￿MuM lease pa)pments under non-C2L occllabl¢ operxting Ic?scs as follows: 2023 ?022 Not lircr thAn l )￿at Later than l year xnd not17¢tcr than 5 y¢1& rs 191,852 160,869 64,947 5,377 352,721 70,324 22. Related party transactlons I