``` 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 2023 ``` ``` FOR ``` ``` RENEWABLE HERITAGE TRUST (A COMPANY LIMITED BY GUARANTEE) ``` ``` Fortus North Limited Business Advisors & Accountants 5&6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU ``` ``` RENEWABLE HERITAGE TRUST ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 July 2023 ``` |||**`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 2023`** ## **`TRUSTEES`** ``` TRUSTEESMr W Brown Ms M J Fox Mr P J Lister Mr D R Mann Mr M C Phillips Ms A Firth (appointed 1.4.23) REGISTERED OFFICETreebeards Cottage Main Street Westow York Yorkshire YO60 7NE REGISTERED COMPANY NUMBER 05170904 (England and Wales) REGISTERED CHARITY NUMBER 1107421 INDEPENDENT EXAMINERFortus North Limited Business Advisors & Accountants 5&6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU ``` ``` Page 1 ``` ``` RENEWABLE HERITAGE TRUST ``` ``` REPORT OF THE TRUSTEES For The Year Ended 31 July 2023 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31July2023.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` Insettingtheobjectivesandplanningtheactivitiesfortheyear,theTrusteeshavegiven careful consideration to the Charity Commission's guidance on public benefit. ``` ``` Thecompanyisacharityandexiststopreserveforthebenefitofthepeopleofthelocalityofany project undertakenandofthenation,thehistorical,architecturalandconstructionalheritagethatmayexist in buildings(includinganystructureorerection,andanypartofabuildingassodefined)ofparticular beauty orhistorical,architecturalorconstructionalinterest,whichmay,withoutdetrimenttothe building's heritage, be adapted to generate renewable energy. ``` ``` ThecurrentspecificobjectivehasbeentocompletetherenovationofHowshamMillinNorthYorkshire and runitasanenvironmentaleducationcentre.AlloftheTrust'sworkatpresentrevolvesaround 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;` - `Hosting primary school pupils to learn about renewable energy, milling and bread-making and the` - `natural history of the river and the island;` - `Providing volunteering opportunities for local people;` - `Providing a venue for other groups' events:` - `Participating in the National Trust's Heritage Open Day.` ## **`STRATEGIC REPORT`** ## **`Achievement and performance`** ``` Thereweresignificantincreasesinboththenumberofprimaryschoolsandthenumberofpupilsvisiting the mill.Atotalof1800childrenfrom27schools,onehome-schooledgroupandtwoscoutgroups came duringtheyear.Tohelpwiththisincreaseindemand,MelBoyesonjoinedHelenSpringindelivering the visits.Theyalsodevelopednewworkshopstomeettherequestsfromtheschools.Tohelpmeetthe rising costoftransportforthevisits,RHTofferedasubsidytowardscoachhire,withadditionalsupportbased on aboveaveragenumbersofchildreneligibleforfreeschoolmeals.Thissubsidywas enthusiastically received. ``` ``` Agroupofheritagepost-graduatestudentsfromtheUniversityofYork,andinternational students attending a summer school at Leeds University both enjoyed visits to the mill. ``` ``` TheannualHeritageOpenDayonSunday18September2022attractedover100adultsandchildren who camefortheirfirstvisittothemill.Thereweretwowritingcoursesandthreecraftcourses.An unusual event wasturningthemillintoacameraobscurabycompletelyblackingitoutapartfromtwosmallholesto let inthelight.Theseevents,includingHOD,broughtatotalofabout275adultstoorganisedeventsat the mill. In addition, school staff and helpers added a further 200 adult visitors. ``` ``` Thelowerbearingofscrew1requiredanoverhaulandsomeweldingofthelowerpartofthescrew meant itwasnotgeneratingforaperiod.Inaddition,thewheelwasnotgeneratingfromApriltoAugustdue to generatorfailure.Thiscoupledwithlowriverflowduringtheexceptionallydrysummer,resultedinadrop in electricitygenerationcomparedtothepreviousyear(thebestyeartodate)of30%.Anincreasein the export price received from April partially compensated. ``` ``` Page 2 ``` ``` RENEWABLE HERITAGE TRUST ``` ## **`REPORT OF THE TRUSTEES`** ``` For The Year Ended 31 July 2023 ``` ## **`STRATEGIC REPORT`** ## **`Financial review Financial position`** ``` During the year £91,000 was gifted from HPC to RHT, an increase on the previous year. ``` ## **`Investment policy and objectives`** ``` At present there are insufficient surplus funds to invest elsewhere. ``` ## **`Reserves policy`** ``` The money in the deposit account was untouched and the balance is about £12,750. ``` ``` Page 3 ``` ``` RENEWABLE HERITAGE TRUST ``` ## **`REPORT OF THE TRUSTEES For The Year Ended 31 July 2023`** ## **`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 first 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 repair`||`Environmental Agency`||| |`Weir collapses`||`vegetation growth`|`it`||`of issues`||| ``` Page 4 ``` ``` RENEWABLE HERITAGE TRUST ``` ## **`REPORT OF THE TRUSTEES For The Year Ended 31 July 2023`** ## **`STRATEGIC REPORT`** ``` Provide spill kits, assess need for secondary Minimise use, usecontainment, no biodegradabletransport of hazardous lubricants, includematerials by river, coffer Oil spill, concreteberms and secondarydam and silt trap for Pollution Incidentspillage, silt releasecontainmentriver works Filters not changed, UV Water supplyfilter not working, hotProper equipmentPrepare a maintenance contaminationwater not boiledmaintenanceschedule with log book Government policy,Long term contract, use nuclear power,of Feed in Tariff to fix forAssess the market and Electric price fallsrecession20 yearschoose low risk options ``` ## **`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`** ``` Schoolvisitshaveincreasedovertheyear.MoreschoolshavebeenapplyingforvisitsandRHThopes to continue attracting new schools. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedon5July2004and registered as a charity on 23 December 2004. ``` ``` ThecompanywasestablishedunderaMemorandumofAssociation,whichestablishedtheobjectives and powersofthecharitablecompanyandisgovernedunderitsArticlesofAssociation.Intheeventof the Company being wound up members are required to contribute an amount not exceeding £1. ``` ## **`Recruitment and appointment of New Trustees`** ``` Thedirectorsofthecompanyarealsocharitytrusteesforthepurposeofcharitylawandunder the Company'sArticlesareknownasTrustees.UndertherequirementsoftheMemorandumandArticles of Associationone-third(orthenumbernearestone-third)oftheTrusteesmustretireateachAGM, those longest in office retiring first and the choice between any of equal service being made by drawing lots. ``` ## **`Organisational structure`** ``` TheTrusthasamanagementcommitteeofbetween3and10Trusteeswhichmeetsbi-monthlyto discuss andsetstrategicandoperationalpolicy.Individualdutiesandresponsibilitieswithregardtotheday to day operations of the Trust are agreed by consensus. ``` ## **`Induction and training of new trustees`** ``` MostTrusteesarealreadyfamiliarwiththepracticalworkoftheTrustandareprovidedwithinformation on theresponsibilitiesanddutiesofcharitytrusteespriortoformalappointment.Inaddition,Trustees are madeawareofthespecificrequirementsthroughprovisionoftheMemorandumandArticles of Association.OpportunitiestoclarifyanyqueriesorareasofuncertaintyareaffordedbytheChairof the Trust. ``` ``` Page 5 ``` ## **`RENEWABLE HERITAGE TRUST`** ## **`REPORT OF THE TRUSTEES`** ``` For The Year Ended 31 July 2023 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Risk management`** ``` IndividualTrusteesholdappropriatequalificationsandexperiencetoensurecompliancewithHealth and Safety('H&S')requirements.Proceduresexistforthesafeuseofrivercraftandmachinery.Arisk assessment isundertakenforallactivities,withanyissueofconcernflagged.Aproformariskassessmentschedule is nowavailableasthebasisforalleventassessments.FollowingtheH&Sconsultancyduring2017,afull H&S management system is in place. ``` ``` Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,as the company directors, on 21 February 2024 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')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 July 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsofthe Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin 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)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Paul Dixon ``` ``` Fortus North Limited Business Advisors & Accountants 5&6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU ``` ``` 21 February 2024 ``` ``` Page 7 ``` ``` RENEWABLE HERITAGE TRUST ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES`** ## **`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Year Ended 31 July 2023`** |`2023`
`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`41,160`
`Other trading activities`
`2`
`250`
`Investment income`
`3`
`72`
**`Total`**
`41,482`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`16,598`
`Other`
`20,359`
**`Total`**
`36,957`
**`NET INCOME`**
`4,525`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`502,982`
**`TOTAL FUNDS CARRIED FORWARD`**
`507,507`|`2022`
`Total`
`funds`
`£`
`38,085`
`662`
`4`| |---|---| ||`38,751`| ||`9,150`
`13,883`| ||`23,033`| ||`15,718`
`487,264`| ||`502,982`| ``` The notes form part of these financial statements ``` ``` Page 8 ``` ## **`RENEWABLE HERITAGE TRUST`** ## **`BALANCE SHEET 31 July 2023`** |`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`**|`2023`
`Total`
`funds`
`£`
`453,177`
`100`
`2,234`
`55,613`
`57,947`
`(3,617)`
`54,330`
`507,507`
`507,507`
`54,778`
`452,729`
`507,507`
`507,507`|`2022`
`Total`
`funds`
`£`
`453,327`
`100`
`2,156`
`49,004`
`51,260`
`(1,605)`
`49,655`
`502,982`
`502,982`
`50,253`
`452,729`
`502,982`
`502,982`| |---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for the year ended 31 July 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 31 July 2023 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 2023 ``` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 21 February 2024 and were signed on its behalf by: ``` ``` Mr M C Phillips - Trustee ``` ``` Ms A Firth - 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 2023`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements and assessment of going concern`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102, havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland (FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial statements have been prepared under the historical cost convention. ``` ``` TheTrusteesconsidertherearenomaterialuncertaintiesabouttheTrust'sabilitytocontinueas a going concern. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings 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. ``` ``` Landandbuildingshavebeenincludedatvaluation.Nodepreciationisprovidedonthe buildings as the Trustees operate an ongoing refurbishment policy to extend the useful life of the buildings ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for obsolete and slow moving items. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Grants and Donations`** ``` GrantsanddonationsareonlyincludedintheSOFAwhenthecharityhasunconditional entitlement to the resources. ``` ``` RevenuegrantsarerecognisedintheSOFAsoastomatchthemwiththeexpenditure towards which they are intended to contribute. ``` ``` GrantswhichcontributetowardsspecificexpenditureonfixedassetsarecreditedtotheSOFA 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 2023 ``` ## **`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`** ``` Thevalueofanyvoluntaryhelpreceivedisnotincludedintheaccountsbutisdescribedin the trustee's annual report. ``` ## **`Investment Income`** ``` Investment income is included in the accounts when receivable. ``` ## **`Governance Costs`** ``` Includecostsofthepreparationandexaminationofstatutoryaccountsandcostofany legal advice to trustees on governance or constitutional matters. ``` ## **`2. OTHER TRADING ACTIVITIES`** |**`2.`**|**`OTHER TRADING ACTIVITIES`**||| |---|---|---|---| |||`2023`|`2022`| |||`Unrestricted`|`Total`| |||`funds`|`funds`| |||`£`|`£`| ||`Fundraising courses, workshops and`||| ||`events`|`250`|`662`| |**`3.`**|**`INVESTMENT INCOME`**||| |||`2023`|`2022`| |||`Unrestricted`|`Total`| |||`funds`|`funds`| |||`£`|`£`| ||`Deposit account interest`|`72`|`4`| |**`4.`**|**`NET INCOME/(EXPENDITURE)`**||| ||`Net income/(expenditure) is stated after charging/(crediting):`||| |||`2023`|`2022`| |||`£`|`£`| ||`Depreciation - owned assets`|`150`|`200`| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2023norfor the year ended 31 July 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31July2023norfortheyear ended 31 July 2022. ``` ``` continued... ``` ``` Page 12 ``` ``` RENEWABLE HERITAGE TRUST ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2023 ``` ## **`6. TAXATION`** ``` Thecompanyisacceptedasacharityfortaxationpurposesandisexemptfromtaxationon its income or gains to the extent that they are applied for charitable purposes. ``` ## **`7. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 August 2022 and 31 July 2023`
**`DEPRECIATION`**
`At 1 August 2022`
`Charge for year`
`At 31 July 2023`
**`NET BOOK VALUE`**
`At 31 July 2023`
`At 31 July 2022`
**`8.`**
**`STOCKS`**
`Stocks`
**`9.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other debtors`
`Prepayments`|`Freehold`
`Plant and`
`property`
`machinery`
`£`
`£`
`452,729`
`202,868`
`-`
`202,270`
`-`
`150`
`-`
`202,420`
`452,729`
`448`
`452,729`
`598`
`2023`
`£`
`100`
`2023`
`£`
`79`
`2,155`
`2,234`|`Totals`
`£`
`655,597`|`Totals`
`£`
`655,597`| |---|---|---|---| |||`202,270`
`150`|| |||`202,420`|| |||`453,177`|| |||`453,327`|| ||||`2022`
`£`
`100`| ||||`2022`
`£`
`79`
`2,077`| ||||`2,156`| ## **`10. CASH AT BANK`** ``` Cashandcashequivalentsarebasicfinancialassetsandincludecashinhand,depositsheldat call withbanks,othershort-termliquidinvestmentswithoriginalmaturitiesofthreemonthsorless, and bank overdrafts. ``` ``` continued... ``` ``` Page 13 ``` ``` RENEWABLE HERITAGE TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`For The Year Ended 31 July 2023`** ## **`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade creditors`
`Accrued expenses`
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Capital reserve fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
`Capital reserve fund`
**`TOTAL FUNDS`**|`2023`
`2022`
`£`
`£`
`623`
`-`
`2,994`
`1,605`
`3,617`
`1,605`
`Net`
`movement`
`At`
`At 1.8.22`
`in funds`
`31.7.23`
`£`
`£`
`£`
`50,253`
`4,525`
`54,778`
`452,729`
`-`
`452,729`
`502,982`
`4,525`
`507,507`
`502,982`
`4,525`
`507,507`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`41,482`
`(36,957)`
`4,525`
`41,482`
`(36,957)`
`4,525`
`Net`
`movement`
`At`
`At 1.8.21`
`in funds`
`31.7.22`
`£`
`£`
`£`
`34,535`
`15,718`
`50,253`
`452,729`
`-`
`452,729`
`487,264`
`15,718`
`502,982`
`487,264`
`15,718`
`502,982`| |---|---| ``` 12.MOVEMENT IN FUNDS ``` ``` continued... ``` ``` Page 14 ``` ``` RENEWABLE HERITAGE TRUST ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 July 2023 ``` ## **`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`|`38,751`|`(23,033)`|`15,718`| |**`TOTAL FUNDS`**|`38,751`|`(23,033)`|`15,718`| ## **`13. TRANSACTIONS WITH TRUSTEES`** ``` Duringtheyear,theTrustreceiveddonationsfromHowshamPowerCoLtdtotalling£40,000(2022 - £37,000), a company in which Mr M C Phillips and Ms M Macleod are directors. ``` ``` Duringtheyear,£11,836(2022-£6,708)waspaidtoMrDMannandMsMMacleod,inrespectof 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 2023`** ||`2023`|`2022`| |---|---|---| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations and membership`|`41,160`|`38,085`| |**`Other trading activities`**||| |`Fundraising courses, workshops and events`|`250`|`662`| |**`Investment income`**||| |`Deposit account interest`|`72`|`4`| |**`Total incoming resources`**|`41,482`|`38,751`| |**`EXPENDITURE`**||| |**`Charitable activities`**||| |`Advertising`|`-`|`1,440`| |`Event costs`|`16,598`|`7,710`| ||`16,598`|`9,150`| |**`Other`**||| |`Rent`|`11,776`|`6,708`| |`Rent - carpark`|`60`|`60`| |`Telephone and internet costs`|`461`|`638`| |`Independent examiner’s fee`|`996`|`942`| |`Subscriptions`|`435`|`126`| |`Sundry expenses`|`8`|`766`| |`Insurance`|`2,818`|`2,563`| |`Repairs to building`|`1,535`|`281`| |`Professional fees`|`2,120`|`1,599`| |`Depreciation of tangible fixed assets`|`150`|`200`| ||`20,359`|`13,883`| |`Total resources expended`|`36,957`|`23,033`| |**`Net income`**|`4,525`|`15,718`| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ```