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REGISTERED NUMBER: 00917116 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

THE ASSOCIATION FOR DECENTRALISED ENERGY

THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ASSOCIATION FOR DECENTRALISED ENERGY

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S E Appan
Mr N Nkonge
Ms N J Butterworth
Mr S Hobday
Dr A J Martin
Ms L Padfield
Ms R L Doyle
Mr D F Robson
Ms M M Griffiths





SECRETARIES: Miss L Frencham
Mrs D Kamourieh





REGISTERED OFFICE: 6th Floor,
10 Dean Farrar Street
London
SW1H 0DX





REGISTERED NUMBER: 00917116 (England and Wales)





ACCOUNTANTS: Khushkam Limited
Chartered Certified Accountants
46-48 Byron Road
Wealdstone
Harrow
Middlesex
HA3 7SS

THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,491 33,848
35,491 33,848

CURRENT ASSETS
Debtors 6 385,876 388,857
Cash at bank 1,308,942 1,019,089
1,694,818 1,407,946
CREDITORS
Amounts falling due within one year 7 553,369 271,738
NET CURRENT ASSETS 1,141,449 1,136,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,940

1,170,056

RESERVES
Income and expenditure account 1,176,940 1,170,056
1,176,940 1,170,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)

Balance Sheet - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:




Mr D F Robson - Director



Mr N Nkonge - Director


THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Association for Decentralised Energy is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced membership subscriptions, and other recharges and income, excluding value added tax.

Goodwill
Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. As a result of the agreement between The Association of Decentralised Energy (ADE) and The Association for Conservation of Energy Limited (ACE), ADE acquired the assets of ACE at nil value resulting in negative goodwill. This negative goodwill is considered to have a finite life and is amortised over 14 months.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 (654,749 )
AMORTISATION
At 1 April 2022
and 31 March 2023 (654,749 )
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 63,403 93,380 156,783
Additions 8,800 4,672 13,472
At 31 March 2023 72,203 98,052 170,255
DEPRECIATION
At 1 April 2022 40,213 82,722 122,935
Charge for year 7,997 3,832 11,829
At 31 March 2023 48,210 86,554 134,764
NET BOOK VALUE
At 31 March 2023 23,993 11,498 35,491
At 31 March 2022 23,190 10,658 33,848

THE ASSOCIATION FOR DECENTRALISED ENERGY (REGISTERED NUMBER: 00917116)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 231,018 142,013
Bad debt provision (37,000 ) -
Other debtors 45,467 78,829
Prepayments and accrued income 146,391 168,015
385,876 388,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 51,240 29,550
Tax 1,085 100
Social security and other taxes 23,073 20,221
VAT 63,880 47,861
Other creditors 6,460 1,144
Accruals and deferred income 319,959 110,860
Accrued expenses 87,672 62,002
553,369 271,738

8. LIMITED BY GUARANTEE

The company is limited by guarantee, with each member undertaking to contribute an amount not exceeding £1 in the event of the company being wound up.

9. SHARE CAPITAL

The company is limited by guarantee, with each member undertaking to contribute an amount not exceeding £1 in the event of the company being wound up.