AFFORDABLE WARMTH SOLUTIONS CIC

Company limited by guarantee

Company Registration Number:
06778194 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

AFFORDABLE WARMTH SOLUTIONS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AFFORDABLE WARMTH SOLUTIONS CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Debtors: 3 100,841 11,730
Cash at bank and in hand: 26,810,512 47,889,035
Total current assets: 26,911,353 47,900,765
Creditors: amounts falling due within one year: 4 ( 17,119,189 ) ( 20,538,896 )
Net current assets (liabilities): 9,792,164 27,361,869
Total assets less current liabilities: 9,792,164 27,361,869
Creditors: amounts falling due after more than one year: 5 ( 18,339,458 )
Total net assets (liabilities): 9,792,164 9,022,411
Members' funds
Profit and loss account: 9,792,164 9,022,411
Total members' funds: 9,792,164 9,022,411

The notes form part of these financial statements

AFFORDABLE WARMTH SOLUTIONS CIC

Balance sheet statements

For the year ending 31 March 2025 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 November 2025
and signed on behalf of the board by:

Name: Jeremy Nesbitt
Status: Director

The notes form part of these financial statements

AFFORDABLE WARMTH SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Motor vehicles - 25% straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Basis of preparation of financial statements Revenue Debtors Cash and cash equivalents Financial instruments Creditors Operating leases: the Company as lessee Pensions Research and Development Interest income Current and deferred taxation Exceptional items Provisions for liabilities

AFFORDABLE WARMTH SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 6 7

AFFORDABLE WARMTH SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Debtors

2025 2024
£ £
Prepayments and accrued income 86,409 7,730
Other debtors 14,432 4,000
Total 100,841 11,730

AFFORDABLE WARMTH SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 880 152
Taxation and social security 7,910 13,098
Accruals and deferred income 616,082 81,428
Other creditors 16,494,317 20,444,218
Total 17,119,189 20,538,896

AFFORDABLE WARMTH SOLUTIONS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due after more than one year note

  2024
  £
Other creditors 18,339,458
Total   18,339,458

COMMUNITY INTEREST ANNUAL REPORT

AFFORDABLE WARMTH SOLUTIONS CIC

Company Number: 06778194 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

The company was granted Community Interest Company status in Jan 2009. It's primary purpose is to provide affordable energy solutions to fuel poor and/or vulnerable homes by bringing together key strategic and funding partners. We continue to manage the 'Warm Homes Fund' (WHF) that assists Local Authorities (LAs) and Registered Social Landlords (RSLs) and homeowners to address some of the issues associated with fuel poverty. The funds, secured through National Grid, blend the £160m available under the fund with money available from bidders' own resources and other industry schemes to deliver a minimum of £300m of projects. To date across mainland GB, through our fund we have invested c£130million in energy efficient measures and support to vulnerable homes.

Consultation with stakeholders

AWS stakeholders range from Policy Makers, Housing Providers to Private Home owners. Consultation is the key to our success and stakeholders are engaged early in the planning process. Based on feedback, our schemes are designed, costed and finances secured that ensures adequate provision has been made for each stage of the project plan. Other local stakeholders, community and voluntary groups are engaged and agreed work programmes are shared with them, identifying areas where they may be impacted. In response to industry concerns AWS has simplified its qualification process that has helped to deliver a £20m insulation programme to homes in council band areas A,B,C&D. Additionally, we are part of National Grid's, Grid for Good programme and work with the 4 other charitable partners to fund and shape programmes that meet the needs of vulnerable householders.

Directors' remuneration

During financial year ending 31 March 2024, payments of £148,350 (inc. pension payments) were paid to directors, these payments were made for employment and in lieu of services provided by them to the company, all payments were subject to the applicable rate of tax and NI and approved by Directors. 'There are no other transactions or arrangements in conjunction with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed'.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 November 2025

And signed on behalf of the board by:
Name: Jeremy Nesbitt
Status: Director