The directors present their annual report and financial statements for the year ended 31 July 2024.
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. |
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
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.
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 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.
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 £.
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.
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.
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, 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.
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.
The average monthly number of persons (including directors) employed by the company during the year was:
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.
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.
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.