ENERGY MANAGE (COMMUNITY) CIC

Company limited by guarantee

Company Registration Number:
14963539 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 27 June 2023

End date: 30 June 2024

ENERGY MANAGE (COMMUNITY) CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ENERGY MANAGE (COMMUNITY) CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Additional information

Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: -select suitable accounting policies and then apply them consistently; -make judgments and accounting 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 are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the period of
9 July 2023 to 30 June 2024

Mrs J Ferguson
Mr N Kerr


The directors shown below have held office during the whole of the period from
27 June 2023 to 30 June 2024

Miss S M Adams
Mr D J Carter


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 March 2025

And signed on behalf of the board by:
Name: Mr D J Carter
Status: Director

ENERGY MANAGE (COMMUNITY) CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024


£
Turnover: 83,244
Cost of sales: ( 41,823 )
Gross profit(or loss): 41,421
Administrative expenses: ( 39,819 )
Operating profit(or loss): 1,602
Interest receivable and similar income: 37
Interest payable and similar charges: ( 2 )
Profit(or loss) before tax: 1,637
Tax: ( 262 )
Profit(or loss) for the financial year: 1,375

ENERGY MANAGE (COMMUNITY) CIC

Balance sheet

As at 30 June 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 280
Total fixed assets: 280
Current assets
Debtors: 4 9,697
Cash at bank and in hand: 28,726
Total current assets: 38,423
Creditors: amounts falling due within one year: 5 ( 37,328 )
Net current assets (liabilities): 1,095
Total assets less current liabilities: 1,375
Total net assets (liabilities): 1,375
Members' funds
Profit and loss account: 1,375
Total members' funds: 1,375

The notes form part of these financial statements

ENERGY MANAGE (COMMUNITY) CIC

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Mr D J Carter
Status: Director

The notes form part of these financial statements

ENERGY MANAGE (COMMUNITY) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment - 3 years straight line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

ENERGY MANAGE (COMMUNITY) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024
    Average number of employees during the period 4

ENERGY MANAGE (COMMUNITY) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 299 299
Disposals
Revaluations
Transfers
At 30 June 2024 299 299
Depreciation
Charge for year 19 19
On disposals
Other adjustments
At 30 June 2024 19 19
Net book value
At 30 June 2024 280 280

ENERGY MANAGE (COMMUNITY) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024
£
Trade debtors 9,697
Total 9,697

ENERGY MANAGE (COMMUNITY) CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024
£
Trade creditors 5,730
Taxation and social security 2,655
Other creditors 28,943
Total 37,328

COMMUNITY INTEREST ANNUAL REPORT

ENERGY MANAGE (COMMUNITY) CIC

Company Number: 14963539 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company runs an energy advice and support service with particular focus on supporting households that are in or at risk of fuel poverty. The business started in June 2023. During the financial year 2023 2024 the service activities have benefited the community in the following ways: Households (particularly those on low incomes) have received energy advice, support and where appropriate financial assistance to help them manage and reduce their energy usage and bills Households have been able to find out information about accessing grants, schemes and other discounts. Households have been able to access support face-to-face and via telephone and email for those facing barriers such as mobility or isolation. Households have been able to access advice and information through drop-in sessions at local community spaces. The business has provided part-time volunteering opportunities for 2 local residents. 5 local organisations have added value to their services by working with us to offer energy advice and support to their customers. 200 households have been supported with energy advice and support

Consultation with stakeholders

The company’s stakeholders are residents. The directors have lived and worked in the areas they serve for many years and have developed a method of delivery that is based on their experience of working and talking with residents in need. We ask households using our services to fill in questionnaires about their circumstances and needs. This has helped build a picture of the experiences our customer’s face, how they are affected by cost of living pressures, the impact that fuel poverty and energy crisis has on people we support and what they would like to see us do more of. We encourage people to feedback through questionnaires, email, contact forms on our website and by talking to us at drop-in times and our energy appointments. We encourage our partners to share ideas with us about how we can deliver our services more effectively. We have identified that over two thirds of our customers struggle with more that just their energy bills and they worry about feeding their families, paying other household bills and spiralling debts often exacerbates their mental health. They often don’t know where to turn for further for specialist support.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £23,267.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 March 2025

And signed on behalf of the board by:
Name: David Carter
Status: Director