Company Registration No. 05498046 (England and Wales)
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
CONTENTS
Page
Company information
Directors' report
1 - 2
Balance sheet
3
Notes to the financial statements
4 - 6
Accountants' report
7
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 July 2024.

Principal activities

The principal activity of the company continued to be that of promoting energy efficiency, affordable warmth, and renewable energy implementation. In April 2021 ALEO became a Charity was entered onto the Register of Charities with the Registered Charity Number 1194052.

 

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs R Jones
Mr D J Walton
Mr J A Kolm-Murray
Mr M K O'Brien

Overview

 

Leadership:

 

John Kolm-Murray continued in the role of ALEO National Chair, Paul Elliot as National Vice Chair.

 

Executive:

 

Four Executive meetings were held during the period August 2023 to July 2024. These meetings enable the executive to plan work and respond to relevant consultations. These meetings were held online.

 

Secretariat:

 

Act on Energy have been providing Secretariat services since July 2018 and Angela Eason took on the role as the Company Secretary in June 2020 and the main contact for the ALEO National Secretariat. In May 2023, Angela was replaced as secretary by John Kolm-Murray. The ALEO National Secretariat’s role includes maintaining and updating the ALEO website; producing the ALEO e- bulletins; delivering ALEO conferences (currently online) as well as handling enquiries and many other administrative and financial duties.

ALEO published regular ALEO e-bulletin continued to keep members up to date on developments in domestic energy efficiency, fuel poverty and climate change

 

During this period, ALEO responded to consultations run by BEIS (now DESNZ) and OFGEM. In addition, the secretariat supported members in the delivery of BEIS funding schemes LADS and HUGS to residents through examples of best practice and training sessions.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

 

THE ASSOCIATION OF LOCAL ENERGY OFFICERS
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
On behalf of the board
Mrs R Jones
Director
17 February 2025
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 3 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
7,683
5,517
Creditors: amounts falling due within one year
4
(6,041)
(4,757)
Net current assets
1,642
760
Reserves
Income and expenditure account
1,642
760
Members' funds
1,642
760

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 17 February 2025 and are signed on its behalf by:
Mrs R Jones
Director
Company registration number 05498046 (England and Wales)
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information

The Association of Local Energy Officers is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 2, Lauriston Business Park, Pitchill, Evesham, WR11 8SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

THE ASSOCIATION OF LOCAL ENERGY OFFICERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
THE ASSOCIATION OF LOCAL ENERGY OFFICERS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
6,041
4,757
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

THE ASSOCIATION OF LOCAL ENERGY OFFICERS
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE ASSOCIATION OF LOCAL ENERGY OFFICERS FOR THE YEAR ENDED 31 JULY 2024
- 7 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Association of Local Energy Officers for the year ended 31 July 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of The Association of Local Energy Officers, as a body, in accordance with the terms of our engagement letter dated 6 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of The Association of Local Energy Officers and state those matters that we have agreed to state to the board of directors of The Association of Local Energy Officers, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Association of Local Energy Officers and its board of directors as a body, for our work or for this report.

It is your duty to ensure that The Association of Local Energy Officers has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Association of Local Energy Officers. You consider that The Association of Local Energy Officers is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Association of Local Energy Officers. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TC Group
17 February 2025
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
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