ACT ON ENERGY
Financial health, per its FY2023 accounts
The accounts state that the charity achieved an overall surplus of £98,000 for the year ended 31 March 2023, with total incoming resources of £4.3 million. The trustees report that free reserves provide approximately four months of operating expenditure, satisfying their policy to maintain sufficient funds for ongoing costs. While the charity acknowledges that long-term funding is uncertain and the situation may remain challenging, it maintains that the financial position continues to be viable.
What the accounts disclose
Funders the charity credits
- Coventry City Council
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Robin George Dunlevychair
- ALAN BOAD
- DAVID WILLIAM JOHNSTON
- David George Cowcher
- Dr SUSAN AYSHA JUNED
- Mary Unwin
- Peter Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.7m | £4.7m |
| 31/03/2024 | £4.7m | £4.2m |
| 31/03/2023 | £4.3m | £4.2m |
| 31/03/2022 | £3.3m | £2.7m |
| 31/03/2021 | £934k | £779k |
Common questions
Is ACT ON ENERGY financially healthy?
The accounts state that the charity achieved an overall surplus of £98,000 for the year ended 31 March 2023, with total incoming resources of £4.3 million. The trustees report that free reserves provide approximately four months of operating expenditure, satisfying their policy to maintain sufficient funds for ongoing costs. While the charity acknowledges that long-term funding is uncertain and the situation may remain challenging, it maintains that the financial position continues to be viable. Its FY2023 accounts were audited by Murphy Salisbury Limited.