Company Number - N1628674
WARMSAVE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2022
Charity Number - 103200

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
CONTENTS
Page
Contents
Officers
Directors, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
io
Page 1

WARMSAVE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
OFFICERS
CHAIRPERSON
B Mccrea
DIRECTORS
Mrs U Mccrea
D Minshull
INDEPENDENT EXAMINER
Mrs N Taylor
c/0 Minshull & Co, Chartered Accountants
19 Crescent Business Park
LISBURN
BT28 2GN
BANKERS
Investec Wealth and Investment
5th Floor Centre Point
58-60 Bedford Street
BELFAST
BT2 7DR
HEAD OFFICE
12 Moss Road
HOLYWOOD
CO DOWN
BT18 9RU
Page 2

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR EIVDED 31 OCTOBER 2022
DIRECTORS. REPORT
The directors present their annual report together with the financial statements for the period to 31
October 2022.
STATEMENT OF DIRECTORS. RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial period which give a
true and fair view of the state of the affairs of the company and of the profit or loss of the company for
that period. In preparing those financial statemer7ts the directors are required to
select suita ble accounting policies and then apply them consistentlyi
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business.
The directors have elected to prepare the financial statements in accordance with UK GAAP and confirm
that under company law they must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of the company's affairs and of the surplus or deficit for that
period. The reporting framework that has been applied is the Charities SORP (FRS 102 (January 2015)).
The directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and to enable them to ensure the financial
statements comply with the Companies (Northern Ireland) Order 1986. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and
detection of fra ud and other irregularities.
AIMS AND OBJECTIVES
The charity's objects are to
advance the education of the public relating to energy efficiency and renewable resources by
(a) environmental preservation and conservation focusing on renewable er)ergy and energy
saving measures;
(b) research and development relating to energy conservation and renewable energy.
to promote sustainable development for the benefit of the public by
(a) the preservation, conservation and the protection of the environment and the prudent use
of resources.
(b) the relief of poverty and the improvement of the conditions of life in socially and
economically disadvantaged communities by provision of advice, training and support
for the unemployed to advance employment opportunities.
(c) the promotion of sustainable means of achieving economic growth and regeneration.
to advance the education of the public in subjects relating to sustainable development and
the protection, enhancement and rehabilitation of the environment and to promote study and
research in such subjects provided that the useful results of such study are disseminated to
the public at large.
POWERS
The charity has the power to do anything which is calculated to further its object5 or is conducive or
incidental to doing so in particular, the charity has power
Page 3

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
DIRECTORS, REPORT
(continued)
POWERS (contd)
to raise funds. In doing so the charity must not undertake any substantial permanent
trading activity and must comply with any relevant statutory regulations;
to borrow money and to charge the whole or any part of the property belonging to
the charity as security for the repayment of the money borrowed.
to acquire, merge with or to enter into any partnership or joint venture arrangement with
any other charityi
to set aside income as a reserve against future expenditure but only in accordance with
a written policy about reserves;
APPLICATION OF INCOME AND PROPERTY
The property of the charity must be applied for purposes in accordance with section 2 of the Charities
Act (Northern Ireland) 2008.
MEMBERSHIP
Membership is open to individuals or organisations who
apply to the charity in the form required by the directors and
are approved by the directors.
The directors may only refuse an application for membership if, acting reasonably and properly, they
consider it to be in the best interests of the charity to refuse the application.
The directors must inform the applicant in writing of the reasons for the refusal within twenty one days
of the decision.
The directors must consider any written representations the applicant may make about the decision. The
directors's decision following any written representations must be notified to the applicant in writing but
shall be final.
CLASSES OF MEMBERSHIP
The directors may establish classes of membership with different rights and obligations and shall record
the rights and obligations in the register of members.
The directors may not direttly or indirectly alter the rights or obligations attached to a class of membership.
The provisions i n the article5 about general meetings shall apply to any meeting relating to the variation of
the rights of any class of member.
TERMINATION OF MEMBERSHIP
Membership is terminated if
the member dies or, if it is an organisation, ceases to exist,
the member resigns by written notice to the charity unless, after the resignaiton, there would
be less than two members;
any sum due from the member to the charity is not paid in full within six months of it falling
Page 4

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR EIVDED 31 OCTOBER 2022
DIRECTORS, REPORT
(continued)
TERMINATION OF MEMBERSHIP (contd)
the member is removed from membership by a resolution of the directors that it is in the
best interests of the charity that his or her membership is terminated. A resolution to
remove a member from membership may only be passed if the member has been given at
least twenty one days notice in writing of the meeting of the directors at which the
resolution will be proposed and the member has been allowed to make representations to
the meeting.
VOTING
Every member whether an individual or an organisation shall have one vote.
Any organisation that is a member of the charity may nominate any person to act as its representative at
any meeting of the charity.
the organisation must give written notice to the charity of the name of its representative
and this representative may continue to represent the organisation until written notice to
the contrary is received by the charity;
any notice given to the charity will be conclusive evidence that the representative is
entitled to represent the organisation or that his or her authority has been revoked. The
charity shall not be required to consider whether the representative has been properly
appointed by the organisation.
RESULTS
The Net Incoming Resources for the year amounted to
£1,142
FINANCIAL REVIEW AND RESERVES POLICY
Reserves at 31 October 2022 were
£30,318 most of which are readily available funds which are
retained towards future activities and costs. Currently the core costs are funded by the surplus of income
raised over the direct costs. Expenditure is planned to provide services to SUPPOrt the company's
objectives therefore most expense is directly for the charitable purposes. General funds are unrestricted
funds which are available for use at the discretion of the directors in furtherance of the general objectives
of the charity and which have not been designated for other purposes. Designated funds comprise
unrestricted funds that have been set aside by the directors for particular purposes. The aim and use of
each designated fund is set out in the note5 to the financial statements if identified as such. Restricted
funds are funds which are to be used in accordance with specific restrictions imposd by donors or which
have been raised by the charity for particular purposes. The cost of raising and administrating such funds
are charged against the specific fund.
FUTURE PLANS
The charity'5 current funding and cost structure is yet to be fully established however it intends to make
such plans in the very near future so that the its services can commence being offered where needed.
RELATED PARTIES
Two of the charity's directors formerly owned the share capital of Warmfill Limited - it's then main donor. All d
are made on an arms length basis.
Page 5

WARMSA VE LIMITED
FINAIVCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
DIRECTORS, REPORT
(continued)
IMPACT OF COVID-19
The impact of coronavirus restrictions has been minimal. There has been no material impact
on the charity's sustainability due to the low overhead model and healthy reserves. The directors are
satisfied that the charitable company can continue to endeavour to achieve its objectives.
GOING CONCERN
The directors, having considered the charity's income streams, financial means and strategy for dealing
with issues such as the impact of Covid-19, over the next 12-18 months, are satisified that the going
concern basis is appropriate.
AUDIT EXEMPTION
In accordance with the provisions of the Companies (Nl) Order 1986 the company is exempt from the statutor)
audit requirement.
TAX STATUS
The Inland Revenue has accepted that Warmsave Limited is a charity and registered it as such.
The charity is registered with the Charity Commission for Northern Ireland at reference No. 103200
SMALL COMPANY RULES
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 (c46) relating to small companies and in accordance with the Financial Reporting
Standard 102 Section la
Small Entities.
INDEPENDENT EXAMINER
The indpendent examiner, Nicola Taylor FIATI of Messrs Minshull & Company, Chartered Accountants
and Registered Auditor, offers herself for re-appointment as independent examiner.
BY ORDER OF THE COMMITTEE
D Minshull
Director
Date
27 July 2023
Page 6

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
WARMSAVE LIMITED
I have examined the financial statements, on pages 8 to 13, which comprise the Statement of Financial
Activities, Balance Sheet and related notes of Warmsave Limited for the year ended 31 October 2022.
The financial reporting framework that has been applied in their preparation is applicable law and Financial
Reporting Standard 102, Charities SORP (FRS102) and the accounting policies set out therein.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of accounts. The charity's trustees consider that an
audit is not required for this year under section 65 of the Charities Act (Northern Irelansd ) 2008 and that an
irsdependent examination is needed.
It is my responsibility to
examine the accounts under section 65 of the Charities Act
follow procedures laid down in the general directions given by the Charity Commisssion for Northern Ireland
under Section 65{9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission for NI,
as required under section 65(9){b) of the Charities Act (Northern Ireland) 2008.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the
accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below.
My role is to state whether any material matter5 have come to my attention giving me cause to believe:
l. That accounting records were not kept in accordance with Section 63 of the Charities Act
2. The the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I nave compietea my examination and have no concerns In respect or the matters l. to 4. Iisred aDove an(J,
in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
N Taylor FIATI - Independent Examiner
Date
27 July 2023
Page 7

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022
2022
2021
INCOMING RESOURCES
Note
Unrestricted Grants and Donations
Investment Income
26,536
1,329
1,531
765
27,865
2,296
RESOURCES EXPENDED
EXPENDITURE ON CHARITABLE ACTIVITIES
Donations made
Restricted Fund Activities
Contribution to Overheads
25,000
Total
(25,000)
Total Income less Direct Charitable Expenditure
2,865
2,296
GOVERNANCE AND SUPPORT COSTS
Bank Charges
Sundry Expenses
Legal and Professional fees
Accountancy & Examination Fees
187
78
159
73
1,458
1,458
Total
(1,723)
(1,690)
BANK INTEREST RECEIVABLE
Net Income(Expenditure) for the Year
1,142
606
Total Funds Brought Foreward at l November 2021
29,176
28,570
Total Funds Carried Forward at 31 October 2022
30,318
29,176
The notes on pages 10 to 13 form part of these accounts
Page 8

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
BALANCE SHEET AS AT 31 OCTOBER 2022
Note
2022
2021
Fixed Assets
Fixed Asset Investments
28,400
28,400
Current Assets
1,948
801
Current Llabilities (amounts falling due WAthin one year)
(301
(25)
Net Current Assets
1,918
776
Net Assets
30,318
29,176
FUNDS
Unrestricted Funds
30,318
29,176
Restricted Funds
Balance at 31 October 2022
30,318
29,176
For the financial year in question the company was entitled to exemption under Section 477 of the Companies
Act 2006 relating to small companies. No members have required the company to obtain an audit of its
accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
the accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies, regime.
Approved, and authorised to be issued, by the Board of Directors on the date below and signed on its
behalf by
D Minshull
Director
Date
27 July 2023
The notes on pages 10 to 13 form part of these accounts
Page 9

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE FINANCIAL STATEMENTS
I. ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are considered
material in relation to the charity's financial statements.
(a)
Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia I
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 Section la){effective l January 2015),
(Charities SORP (FRS1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland and
the Companies Act 2006.
The company meets the definition of a public benefit entity under FRS 102. Assets and liabi lities are initially
recognised at historical cost or transacton value unless otherwise stated in the relevant accounting policy note.
(b)
Reconciliation With Previous Generally Accepted Accounting Practice
In preparing the accounts, the directors have decided that in applying the accounting policies required by
FRS 102 and the Charities SORP FRS 102 no restatement of comparative items was required.
(c)
Preparation of the Accounts on a Going Concern Basis
The company reported
£1,142 cash inflow for the year and the directors have formulated a strategy that
will secure the immediate future of the company for the next 12 to 18 months and on that basis the charity is
going concern.
(d)
Income
Income is recognised when the company has entitlement to the funds, any performance conditions have been met,
it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, of a revenue nature, is recognised when the company has entitlement to
the funds, any performance conditions attached to the grants have been met, it is probable that the income will be
received and the amount can be measured reliably and is not repayable to the funder.
Capital grants are amort15ed in line with the depreciation of the associated assets, the purchase of which has been,
funded by said grants.
(e)
Donated Services and Facilities
Donated professional services and donated facilities are recognised as income when the company has control over
the item, any conditions associated with the donated item have been met, the receipt of economic benefit frorn the
use of the item by the charity is probable and the economic beneffit can be measured reliably. In accordance with
the Charties SORP (FRS 102) general volunteer time is not recognised.
On receipt, donated professional services and donated facilitie5 are recog nised on the basis of the value of the gift
to the charity vvhich is the amount the charity wou Id have been willing to pay to obtain services or facilities of
equivalent economic benefit on the open market. a corresponding amount IS then recognised in expenditure in the
period of receipt.
(f)
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can bemeasured reliably by the
company, normally upon notification of the interest paid or payable by the financial institution.
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WARMSAVE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
(g)
Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purpoes of the company. Designated
funds are unrestricted funds of the charity that the directors have decided at their discretion to set aside to use
for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for
particular areas of the company's work.
(h)
Expenditure and Irrecoverable Value Added Tax
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a thi rd party, it
is probable that settlement will be requireed and the amount of the obligationcan be measured reliably.
Expenditure is classified under the following activity headi ngs,.
costs of raising funds comprise the costs of commercial trading
expenditure on charitable activities includes the costs of activities undertaken to further the
purposes of the company
governance and support costs include all other cost5
Irrecoverable Value Added Tax is charged as a cost against the activity for which the expenditure was incurred.
Support Costs
Support costs are disclosed separately i n the Statement of Financial Activities.
(i)
Tangible Fixed Assets and depreciation
Tangible fixed assets costing £200 or more are stated in the accounts at original cost less depreciation in order
to write off the cost of Fixed assets, over their estimated useful lives, using the following annual rate
Fixtures, fittings and eouipment
200/0 Straight line
(k)
Debtors
Debtors and accrued income are recognised at the settlement amount due after any discount offered. Prepayments
are valued at the amount prepaid.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three
mor)ths or less from the date of acquisition or opening of the deposit or simialr accou nt.
(m)
Creditors and Provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount
after any discounts.
(n)
Financial Instruments
The company only has financial assets and financial liabilities of a kind that qual ify as basic ffinancial instrurnents.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using
the effective interest method.
Page11

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
(o)
Charity status and members liability
The charity is incorporated. The Members,, who include the directors, liability is limited to £10
2. YEAR'S SURPLUS IS STATED AFTER CHARGING(CREDITING):
2022
2021
Accountancy Fees
Examination Fees
574
884
729
729
3. FIXED ASSET INVESTMENTS
TOTAL
COST
at l November 2021
Additions
28,400
at 31 October 2022
28,400
PROVISION FOR IMPAIRMENT
at l November 2021
Charge for the Year
at 31 October 2022
BALANCE SHEET VALUE
at 31 October 2022
28,400
The value of the above investments at 31 October 2022 was £26,519 however no impairment has been providE
value at the date of approval of these financial statements has recovered to exceed cost.
4. CURRENT ASSETS
2022
2021
Cash at Bank and In Hand
1,948
801
1,948
801
5. LIABILITIES (Amounts falling due within one year)
2022
2021
Accruals and Deferred Income
30
25
30
25
Page 12

WARMSA VE LIMITED
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE FINANCIAL STATEMENTS
(continued)
6. FUNDS
Unrestricted
Restricted
2022
2022
2021
2021
Balance at l November 2021
{Deficit)Surplus for the Period
29,176
1,142
29,176
Funds at 31 October 2022
30,318
29,176
7. DIRECTORS
The directors received no emoluments or expenses payments during the year.
8. EMPLOYEES
Number of employees
There are no persons employed by the charity during the year.
9. CORPORATION TAX
The company is exempt from tax on income and gains falling Wlthin section 505 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable objects.
Page 13