**REGISTERED COMPANY NUMBER: 05170904 (England and Wales) REGISTERED CHARITY NUMBER: 1107421** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021** ## **FOR** **RENEWABLE HERITAGE TRUST (A COMPANY LIMITED BY GUARANTEE)** Fortus North Limited Equinox House Clifton Park Shipton Road York Yorkshire YO30 5PA **RENEWABLE HERITAGE TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 July 2021** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**|9|to|10| |**Notes to the Financial Statements**|11|to|15| |**Detailed Statement of Financial Activities**||16|| **RENEWABLE HERITAGE TRUST** **REFERENCE AND ADMINISTRATIVE DETAILS For The Year Ended 31 July 2021** |**TRUSTEES**|Mr W Brown| |---|---| ||Ms M J Fox| ||Ms V J Hood| ||Mr P J Lister| ||Mr D R Mann| ||Mr M C Phillips| ||Mr J Renel (resigned 30.6.21)| |**REGISTERED OFFICE**|Treebeards Cottage| ||Main Street| ||Westow| ||York| ||Yorkshire| ||YO60 7NE| |**REGISTERED COMPANY NUMBER**|05170904 (England and Wales)| |**REGISTERED CHARITY NUMBER**|1107421| |**INDEPENDENT EXAMINER**|Fortus North Limited| ||Equinox House| ||Clifton Park| ||Shipton Road| ||York| ||Yorkshire| ||YO30 5PA| Page 1 **RENEWABLE HERITAGE TRUST** **REPORT OF THE TRUSTEES For The Year Ended 31 July 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** In setting the objectives and planning the activities for the year, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit. The company is a charity and exists to preserve for the benefit of the people of the locality of any project undertaken and of the nation, the historical, architectural and constructional heritage that may exist in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest, which may, without detriment to the building's heritage, be adapted to generate renewable energy. The current specific objective has been to complete the renovation and maintenance of Howsham Mill in North Yorkshire and run it as an environmental education centre. All of the Trust's work at present revolves around this objective. The main activities of the year consisted of: - Maintenance and repairs to the two Archimedes Screw turbines and the waterwheel; - Publicising the Trust and its work through regular opening of the mill when allowed under Covid-19 - - rules; - Hosting primary school pupils to learn about renewable energy, milling and bread-making and the - natural history of the river and the island; - Organising events for children during the school holidays; - Providing volunteering opportunities for local people; - Participating in English Heritage's national Heritage Open Day; ## **STRATEGIC REPORT** ## **Achievement and performance** The year has again been significantly affected by the Covid-19 pandemic. There were few events in the second half of 2020 and none until spring 2021. During the summer term schools were keen to book visits knowing that most of the activities would be outdoors with low Covid risk. The home educated groups restarted during the year. The total number of children attending educational events was 766 from eight schools and the two home educated groups. There were no events held inside, either organised by Renewable Heritage Trust or by request from other organisations. The annual Heritage Open Day took place across England and on Sunday 13 September 2020, 80 adults and 18 children came for their first visit to the mill. Both screws have operated satisfactorily during the year. The waterwheel was off for a period in November and December due to a fault. All systems went off on 26 December with a rising river. The level peaked on 22 January, just below that of the worst recent flood in 2012. This resulted is significant flooding of the building. The river dropped and then rose again and it was not until 21 February that the screws were back generating. The wheel generator took more time to dry out and then suffered bearing failure. Total generated for the year was just 2% less than the previous year but still well below that produced in 2018/19. As with the previous high flood of 2015, the building withstood the inundation and no damage was caused. After cleaning up, the building was soon usable. ## **Financial review** ## **Financial position** The outstanding FiT payments were received in this period thus inflating income for the year. Receipt of this money allowed the outstanding loans and interest for screw 2 to be repaid in full. During the year £43,475 was gifted from Howsham Power Co Ltd to Renewable Heritage Trust. Expenditure by Renewable Heritage Trust was again less than expected due to Covid-19 restrictions limiting activities. Page 2 ## **RENEWABLE HERITAGE TRUST** ## **REPORT OF THE TRUSTEES For The Year Ended 31 July 2021** ## **STRATEGIC REPORT** ## **Financial review** ## **Investment policy and objectives** At present there are insufficient surplus funds to invest elsewhere. The costs of laying a cable to the Hall will be borne by Howsham Power Co Ltd/Renewable Heritage Trust, which is seen as a long-term investment to secure income for the project. ## **Reserves policy** The money in the deposit account was untouched and the balance is about £12,665. Page 3 **RENEWABLE HERITAGE TRUST** **REPORT OF THE TRUSTEES For The Year Ended 31 July 2021** ## **STRATEGIC REPORT** ## **Principal Risks and Uncertainties** The Trustees have given consideration to any exposure and the results are listed below: ||||||||**Impact**||| |---|---|---|---|---|---|---|---|---|---| |**Risk**|**Effect**|||**Probability**|||**(1 to 10)**|**Exposure**|| |River floods|||||||||| |buildings|Damage to tools & equipment|||10%|||5|0.5|| ||Damage to building fabric|||10%|||1|0.1|| ||Revenue lost on generation|||10%|||2|0.2|| |River floods|||||||||| |generator|Generator damaged|||1%|||5|0.05|| |Vandalism|Equipment or building damaged|||5%|||8|0.4|| |Screw/wheel|||||||||| |failure|Revenue lost on generation|||5%|||5|0.25|| |Public Liability|||||||||| |incident|Trust is sued and damages awarded|||1%|||10|0.1|| |River flow|||||||||| |changes|Revenue lost on generation|||5%|||3|0.15|| |Weir collapses|Revenue lost on generation|||1%|||8|0.08|| |Pollution Incident|Cleanup costs, fine|||2%|||8|0.16|| |Water|||||||||| |supplycontaminati|||||||||| |on|Public become ill after drink water|||1%|||10|0.1|| |Electric price falls|Revenue lost on generation|||15%|||3|0.45|| |Buying company|||||||||| |failure|Revenue lost|||10%|||5|0.45|| |**Risk**||**Trigger Event**|**Mitigation Strategy**||||**Actions**||| ||||Environment Agency||||Lift all vulnerable items||| |River floods buildings||Storms or snow melt|early warning||||to second floor||| ||||Design anticipates||||||| |River floods buildings||Storms or snow melt|flooding||||Washout afterFlooding||| ||||Design calculations||||||| |River floods buildings||Storms or snow melt|include||||None||| ||||O&M Replacement||||||| |River floods generator||Storms or snow melt|Allowance||||Replace||| ||||CCTV System,|plastic|||||| ||||windows, Police visits|||Monitor CCTV,|||regular| |Vandalism|||etc.||||site visits, Police callouts||| |Screw or waterwheel|||O&M Replacement||||Regular checks &||| |failure|||Allowance||||maintenance||| |||||||Install safety signs,|||| ||||Public Liability|||checks on play|||| ||||Insurance & Volunteer||||equipment,|with log|| |Public Liability incident||Site accident|Disclaimers|||book|||| ||||System only requires a||||||| ||||small part of total river||||||| |River flow changes||Climate change|flow||||None||| ||||Weir is owned|by|||||| ||||Environment Agency -||||Remove vegetative||| ||||ABS Licence requires||||growth & advise||| |||Undermining,|them to carry|out|||Environmental||Agency| |Weir collapses||vegetation growth|repairs||||of issues||| Page 4 **RENEWABLE HERITAGE TRUST** ## **REPORT OF THE TRUSTEES For The Year Ended 31 July 2021** ## **STRATEGIC REPORT** |**STRATEGIC REPORT**|||| |---|---|---|---| ||||Provide spill kits, assess| ||||need for secondary| |||Minimise use, use|containment, no| |||biodegradable|transport of hazardous| |||lubricants, include|materials by river, coffer| ||Oil spill, concrete|berms and secondary|dam and silt trap for| |Pollution Incident|spillage, silt release|containment|river works| ||Filters not changed, UV||| |Water supply|filter not working, hot|Proper equipment|Prepare a maintenance| |contamination|water not boiled|maintenance|schedule with log book| ||Government policy,|Long term contract, use|| ||nuclear power,|of Feed in Tariff to fix for|Assess the market and| |Fall in electricity prices|recession|20 years|choose low risk options| ## **Risk Matrix** |**Risk Matrix**||||| |---|---|---|---|---| |**Impact**||||| |9-10|2||0|0| |7-8|3||0|0| |5-7|3||0|0| |3-4|2||0|0| |1-2|2||0|0| ||**1% -**|**20%**|**21% - 40%**|**41% - 60%**| ||||**Probability**|| ## **Future plans** This will depend on the situation at the end of the Covid-19 pandemic. No progress has been made on correcting the angle of the second screw and completing the adjacent wall. The agreement to supply electricity to Howsham Hall was signed and work on laying the cable and making the connection started in autumn 2021. School visits have taken off recently with bookings being taken for the coming year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The organisation is a charitable company limited by guarantee, incorporated on 5 July 2004 and registered as a charity on 23 December 2004. The company was established under a Memorandum of Association, which established the objectives and powers of the charitable company and is governed under its Articles of Association. In the event of the Company being wound up members are required to contribute an amount not exceeding £1. ## **Recruitment and appointment of New Trustees** The directors of the company are also charity trustees for the purpose of charity law and under the Company's Articles are known as Trustees. Under the requirements of the Memorandum and Articles of Association one-third (or the number nearest one-third) of the Trustees must retire at each AGM, those longest in office retiring first and the choice between any of equal service being made by drawing lots. ## **Organisational structure** The Trust has a management committee of between 3 and 10 Trustees which meets monthly to discuss and set strategic and operational policy. Individual duties and responsibilities with regard to the day to day operations of the Trust are agreed by consensus. Page 5 **RENEWABLE HERITAGE TRUST** **REPORT OF THE TRUSTEES For The Year Ended 31 July 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Induction and training of new trustees** Most Trustees are already familiar with the practical work of the Trust and are provided with information on the responsibilities and duties of charity trustees prior to formal appointment. In addition, Trustees are made aware of the specific requirements through provision of the Memorandum and Articles of Association. Opportunities to clarify any queries or areas of uncertainty are afforded by the Chair of the Trust. ## **Risk management** Individual Trustees hold appropriate qualifications and experience to ensure compliance with Health and Safety ('H&S') requirements. Procedures exist for the safe use of river craft and machinery. A risk assessment is undertaken for all activities, with any issue of concern flagged. A proforma risk assessment schedule is now available as the basis for all event assessments. Following the H&S consultancy during 2017, a full H&S management system is in place. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The trustees (who are also the directors of Renewable Heritage Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 April 2022 and signed on the board's behalf by: Mr M C Phillips - Trustee Page 6 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RENEWABLE HERITAGE TRUST** ## **Independent examiner's report to the trustees of Renewable Heritage Trust ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Chris Land Fortus North Limited Equinox House Clifton Park Shipton Road York Yorkshire YO30 5PA 28 April 2022 Page 7 ## **RENEWABLE HERITAGE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Year Ended 31 July 2021** |2021
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
44,383
Other trading activities
2
366
Investment income
3
15
**Total**
44,764
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
6,874
Other
15,583
**Total**
22,457
**NET INCOME/(EXPENDITURE)**
22,307
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
464,957
**TOTAL FUNDS CARRIED FORWARD**
487,264|2020
Total
funds
£
10,506
540
63
11,109
3,747
10,866
14,613
(3,504)
468,461
464,957| |---|---| The notes form part of these financial statements Page 8 ## **RENEWABLE HERITAGE TRUST** ## **BALANCE SHEET 31 July 2021** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stocks
8
Debtors
9
Cash at bank
10
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds:
General fund
Capital reserve fund
**TOTAL FUNDS**|2021
Total
funds
£
453,527
100
1,825
33,875
35,800
(2,063)
33,737
487,264
487,264
34,535
452,729
487,264
487,264|2020
Total
funds
£
452,729
100
2,057
13,675
15,832
(3,604)
12,228
464,957
464,957
12,228
452,729
464,957
464,957| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 9 ## **RENEWABLE HERITAGE TRUST** **BALANCE SHEET - continued 31 July 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 28 April 2022 and were signed on its behalf by: Mr M C Phillips - Trustee Mr D R Mann - Trustee The notes form part of these financial statements Page 10 **RENEWABLE HERITAGE TRUST** **NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 July 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements and assessment of going concern** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The Trustees consider there are no material uncertainties about the Trust's ability to continue as a going concern. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Plant and machinery are included at cost and less accumulated depreciation. Land and buildings have been included at valuation. No depreciation is provided on the buildings as the Trustees operate an ongoing refurbishment policy to extend the useful life of the buildings ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Revenue grants are recognised in the SOFA so as to match them with the expenditure towards which they are intended to contribute. Grants which contribute towards specific expenditure on fixed assets are credited to the SOFA over the expected useful lives of the related assets. continued... Page 11 **RENEWABLE HERITAGE TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2021** ## **1. ACCOUNTING POLICIES - continued** ## **Contractual Income and Performance Related Grants** These are only included in the SOFA once the related goods or services have been delivered. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts but is described in the trustee's annual report. ## **Investment Income** Investment income is included in the accounts when receivable. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts and cost of any legal advice to trustees on governance or constitutional matters. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||2021|2020| ||Unrestricted|Total| ||funds|funds| ||£|£| |Fundraising courses, workshops and||| |events|366|540| |**INVESTMENT INCOME**||| ||2021|2020| ||Unrestricted|Total| ||funds|funds| ||£|£| |Deposit account interest|15|63| ## **3. INVESTMENT INCOME** ## **4. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||2021|2020| |---|---|---| ||£|£| |Depreciation - owned assets|266|-| |Independent examiners fee|-|850| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020. continued... Page 12 **RENEWABLE HERITAGE TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2021** ## **6. TAXATION** The company is accepted as a charity for taxation purposes and is exempt from taxation on its income or gains to the extent that they are applied for charitable purposes. ## **7. TANGIBLE FIXED ASSETS** |**COST**
At 1 August 2020
Additions
At 31 July 2021
**DEPRECIATION**
At 1 August 2020
Charge for year
At 31 July 2021
**NET BOOK VALUE**
At 31 July 2021
At 31 July 2020
**8.**
**STOCKS**
Stocks
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments|Freehold
Plant and
property
machinery
£
£
452,729
201,804
-
1,064
452,729
202,868
-
201,804
-
266
-
202,070
452,729
798
452,729
-
2021
£
100
2021
£
-
1,825
1,825|Totals
£
654,533
1,064
655,597
201,804
266
202,070
453,527
452,729
2020
£
100
2020
£
(20)
2,077
2,057| |---|---|---| |||| ## **10. CASH AT BANK** 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. continued... Page 13 **RENEWABLE HERITAGE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2021** ## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||||2021|2020| |---|---|---|---|---| ||||£|£| |Trade creditors|||(76)|181| |Accrued expenses|||2,139|3,423| ||||2,063|3,604| |**MOVEMENT IN FUNDS**||||| ||||Net|| ||||movement|At| ||At 1.8.20||in funds|31.7.21| |||£|£|£| |**Unrestricted funds**||||| |General fund||12,228|22,307|34,535| |Capital reserve fund|452,729||-|452,729| ||464,957||22,307|487,264| |**TOTAL FUNDS**|464,957||22,307|487,264| |Net movement in funds, included in the above are as follows:||||| ||Incoming||Resources|Movement| ||resources||expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund||44,764|(22,457)|22,307| |**TOTAL FUNDS**||44,764|(22,457)|22,307| |**Comparatives for movement in funds**||||| ||||Net|| ||||movement|At| ||At 1.8.19||in funds|31.7.20| |||£|£|£| |**Unrestricted funds**||||| |General fund||15,732|(3,504)|12,228| |Capital reserve fund|452,729||-|452,729| ||468,461||(3,504)|464,957| |**TOTAL FUNDS**|468,461||(3,504)|464,957| **12. MOVEMENT IN FUNDS** continued... Page 14 **RENEWABLE HERITAGE TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2021** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|11,109|(14,613)|(3,504)| |**TOTAL FUNDS**|11,109|(14,613)|(3,504)| ## **13. TRANSACTIONS WITH TRUSTEES** During the year, the Trust received donations from Howsham Power Co Ltd totalling £43,475 (2020 - £8,650), a company in which Mr M C Phillips and Ms M Macleod are directors. During the year, £7,236 (2020 - £3,908) was paid to Mr D Mann and Ms M Macleod, in respect of the lease of land by the Trust. Mr D Mann is a Trustee of the charity. Page 15 **RENEWABLE HERITAGE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 July 2021** ||2021|2020| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations and membership|44,383|10,506| |**Other trading activities**||| |Fundraising courses, workshops and events|366|540| |**Investment income**||| |Deposit account interest|15|63| |**Total incoming resources**|44,764|11,109| |**EXPENDITURE**||| |**Charitable activities**||| |Event costs|6,874|3,747| |**Other**||| |Rent|7,236|3,908| |Rent - carpark|60|60| |Light and heat|-|2| |Telephone and internet costs|593|539| |Independent examiner’s fee|900|850| |Subscriptions|67|190| |Sundry expenses|148|50| |Insurance|2,707|2,652| |Repairs to building|1,567|1,058| |Professional fees|2,039|1,557| |Depreciation of tangible fixed assets|266|-| ||15,583|10,866| |Total resources expended|22,457|14,613| |**Net income/(expenditure)**|22,307|(3,504)| This page does not form part of the statutory financial statements Page 16