2021-03-31-accounts

Contents				Page
Directors and other information
Trustees' report
Statement ofTrustees'	responsibilities			15
Auditor's report				16
Statement ofaccounting		policies		20
Statement offinancial	activities			23
Balance sheet				24
Statement ofcash flows				25
Notes forming part of	the	financial	statements	26

Directors		and Tru	stees
				Catherine Adams (Treasurer)
				Patrick Davis (resigned			28th	April	2021)
				Sarah Donnelly Diana Du Luart	(Vice-Chair) ("Diana France")(appointed						I I n August 20)
				Claire Hancock	(resigned		30n November			2020)
				Neil Pinto (Chair)
				Alexandra Poole
				Mare Monsarrat	(resigned 24			May	2021)
				Christopher Morgan
				Lata Shrestha (appointed			30n	November		2020)
				Stephen Walker
				Peter Weston
Secretary				Matthew Stubberfield		(resigned 28			July 2021)
				Janaki Jayasuriya	(appointed			28 July 2021)
Key management			personnel:
Senior Managers
Chief Executive Officer				Matthew Stubberfield		(resigned 8 August				2021)
				Janaki Jayasunya	(appointed			Interim Chief Executive Officer
				(I August 2021)
Head ofFundraising				Marie Hounslow
Company		number		06005778
Charity	number			1119467
Registered		otncc		I"and 2~ Floor	Offices
				161 Edward Street
				Brighton
				BN2 OJB
Bankers				The Co-operative	Bank
				PO Box250
				Skelmersdale
				WN86WT
Auditors				Kreston Reeves	LLP
				Chartered Accountants		&Statutory			Auditor
				37 StMargaret's	Street
				Canterbury
				Kent
				CTI 2TU

Continuing projects:
Project name				Target reach	Start Date	End Date	Country
Solar Water Lifting for Multiple			Use	6,383	March	Sep 2021	Nepal
Systems (Solar MVS 3)					2018
Solar Energy for Community		Resilience		8,409	Nov 2018	Mar 2021	Nepal
(SECURE)
Energy Hubs Optimisation				1,230	July 2019	Mar 2021	Kenya
Kiwa Expansion &Icemaking				2,535	July 2019	Mar 2021	Kenya
New projects commenced	in	FY20/21:
Clean Energy for Improved	Health (E4H)			8,825	April 2020	Sep 2021	Nepal
Phase I
Enriching Agriculture using	Bag			3,300	April 2020	Mar 2023	Nepal
Digesters (ENRICH)
Renewable Energy Access for				8,378	July 2020	Dec 2023	Nepal
Livelihoods in fragile Buffer Zones Nepal
(REALIZE)
Using Renewable Energy to	Kickstart			9,148	Oct 2020	Oct 2023	Nepal
Agriculture (UREKA)
Transforming Education via	Energy				Jan 2021	June 2023	Nepal
Access and Simple Sustainable			Solutions
(TREATS)

(incorporating an Income an or the year ended 3I March	d Expend 202/	iture account)	iture account)	iture account)
	Notes	Restricted			Unrestricted	Total		Total
			Funds		Funds	2021		2020
Incoming resources						f.
Incoming resources from
Generated Funds
Voluntary income:
Donations and giits		1,358,404			350,155	1,708459	'	942,524
Challenge events			11,538		30,542	42,080		62,016
Activities for generating
funds:
Trading income					13,639	13,639		10,938
Investment income					1,992	1,992		370
Other incotning
resources
Other income					13,415	13,415
Total incoming		~l42			~40 743	~1779685		~1015 84
resources
Resources expended
Costs ofraising funds:
Costs ofgenerating
volume income	6			709	134,014	134,723		166,415
Charitable activiticst
Grants to partners	7	100,91 I			(744)	100,167		111,920
Direct programme activity	8	1,017,710			218,133	1,235,843		607,235
Total resources expended		~ll	I	330	351403	~1470733		885 570
Net incoming resources
before transfers		250,612			58,340	308+52		130,278
Transfers between funds	20		19,500		(19,500)
Net incoming resources		270,112			38,840	308,952		130,278
after transfers
Other recognised losses
Exchange gain I(loss)	/0			(466)	(4,420)	(4,886)		(5,819)
Net incoming resources
Opening fund balances		343,036			122,442	465,478		341,019
Closing fund balances	20k 2I~				~	~		~44

Renewable World Balance sheet	Renewable World Balance sheet
as at 3l March 202l
Company Number:	06005778
			Notes	2021f	2020
Fixed assets
Tangible assets				12,156	3,773
Current assets
Debtors			l4	543/69	210,646
Cash at bank and in hand			l5	519,925	418,040
Current assets				1,063494	628,686
Creditors: falling	due within	one year	l6	(305,906)	(166,981)
Net current assets				757488	461,705
Net assets				769W4	465,478
Funds ofthe Charity
Restricted funds			l9&20	612,682	343,036
Designated funds			l9&20
Unrestricted funds: General		funds	l9&20	156W2	122,442
Total funds			l9&20	769~4	465,478

Statement ofcashflo	ws
Statement ofcashflows
for the year ended 31March 202I
						Notes	2021	2020
Cash used in operating	activities					22	115,677	74,580
Cash flows from investing		activities
interest income							1,992	370
Purchase oftangible fixed		assets					(15,784)	(4,897)
Cash provided by (used	in) investing			activities			(13,792)	(4,527)
Cash flows from financing		activities
Repayment ofborrowing
Cash used in financing	activities
(Decrease)/increase in cash		and cash equivalents			in
the year							101,885	70,053
Cash and cash equivalents		at the beginning ofthe
year							418,040	347,987
Total cash and cash equivalents			at the end				519,925	418,040
ofthe year

							Total	Total
				Restricted		Unrestricted	2021	2020—
Acre Properties					7,500		7,500	10,000
Allan &Nests Ferguson Anonymous Donor¹ 1 Anonymous Donor¹2 Anonymous Donor¹3	Charitable	Trust			10,000 23,146 10,000		10,000 23,146 10,000	10,000 10,000 25,000 16,854
Anonymous Trust								10,000
13eazley group					10,428	38,636	49,064	38,290
Coles-Medlock Foundation					5,000		5,000	10,000
Educational &,General	Charitable	Trust				10,000	10,000
EKO Energy					19,275		19,275
Guernsey Overseas Aid	(GOA)				15,866		15,866	26,000
HFW LLP					35,116	12,403	47,519	25,805
Jersey Overseas Aid (JOA)					170,866		170,866	37,798
Mitsubishi Corporation	Fund for Europe &		Africa					40,000
Next Energy Foundation								28,000
Northern Powergrid								12,000
Octopus Energy					878,888	108,042	986,930	302,400
RES Ltd								10,140
Rotork PLC					40,000		40,000	30,000
The David & Ruth Lewis Trust					30,000		30,000
The Happold Foundation						30,000	30,000	30,000
The innocent Foundation					39,101		39,101	36,477
The Rogovy Foundation								11,604
Unica Foundation					43 387		43 387	21,602
				1	38 73	199081	1537654	741970
Donations and gifts below f.10,000					19,831	151,074	170,905	200,554
Total				1	58404	350155	1708 59	942 24

Challenge	eveats
		Restricted	Unrestricted	2021	2020
		f	f	f
Fundraising	events	11,538	30,542	42,080	62,016

for	5a June and f15,461	was raised so fa	r during this financial	year.
3	Trading income
			Restricted	Unrestricted	2021	2020
				f
	Affinity income			496	496	231
	Sale ofmerchandise			13,143	13,143	10,707
				13,639	13,639	10,938
4	Investment income
			Restricted	Unrestricted	2021	2020
				f
	Interest from cash deposits			1,992	1,992	370
5	Other income
			Restricted	Unrestrictedf	2021 f	2020 f
	Furlough income			13,415	13,415
6	Cost ofgenerating	funds
			Restricted	Unrestricted	2021	2020f
	Cost offundraising		709	15,627	16436	32,914
	Staff costs			109,949	109,949	117,451
	Other staff costs					1,666
	Property costs and	rent		4,991	4,991	9,553
	Publications and literature			1,152	1,152	1,631
	Travel					2,340
	Depreciation			2,295	2495	860
			709	134,014	134,723	166,415

				Restricted	Unrestrictedf	2021f	2020
Charitable	acti vi iies
Inrernaiional		Programme	—Kenya,
Africa
Renewable	World East Africa						57,532
Osienala				7,086	(744)	6442
Inrernari onal		Programme	—Nepal,
Asia
DDS, Salyan				3,613		3,613
IDE							2,862
LI BIRD				17,721		17,721
Sundar Nepal		Sanstha		69,324		69424	51,526
Working for		Access &Creation		3,167		3,167
				100,911	(744)	100,167	111,920

S	Charitable Activitie	s - Direct Progra	mme Activity
			Restrictedf	Unrestrictedf		2021f	2020f
	Salary		179,322	113,659		292,981	202,569
	Other staff cost						2,873
	Contractor costs		53,412			53,412	16,456
	Carbon Offset Services		745,997			745,997	255460
	Consulting				571	571	5,695
	Travel		16,070	4,976		21,046	32,485
	Property costs and rent		18,774	8,618		27@92	16@34
	Finance and administration		493		548	1,041	1/05
	Other costs		2,560	2,	138	4,698	4,783
	Depreciation			3,901		3,901	t,471
	Governance and support costs		1,082	83,722		84,804	6S,004
			1,017,710	218,133		1/35,843	607/35
	Total charitable	expenditure	1,117,539	133,667		1451/06	651,151
9	Analysis ofGovernance and support		costs
			Restrictedf	Unrestrictedf		2021 f	2020 f.
	Renewable World	StaffCosts		65,275		65475	55,483
	Other staff costs						787
	Trustees expenses						142
	Audit, I.E.and related services		1,082	14,429		15,511	3,944
	Property costs			2,602		2,602	4,930
	Depreciation			1,205		1305	444
	Travel						1,968
	Other Costs			211		211	306
			1,082	83,722		84,804	68,004

10	Exchange gains and l	osses
							2021	2020f
	Exchange (loss) on projects		recognised	as a	future	liability on	(466)	(6,433)
	project funds (restricted)
	Other exchange (losses)/gains		(unrestricted)				(4,420)	614
							(4dl86)	(5,819)
11	Staffcosts
							2021	2020
	The /oral sragcosrs	were osfollows:
	Wages and salaries						387+69	336,790
	Social security costs						20+27	17,448
	Pensions costs						26,003	21,265
							434,499	375,503
							2021	2020
	The average monthly	number	ofemployees		during
	the year (headcount)						21	16

	2021	2020
Fundraising	3	3
Programmes	14	10
Governance	1	I
	18	14

	reimbursed fo	r the followin	g expenses	incurred in	providing their	services.
				2021	Number of	2020	Number of
				f	Trustees		Trustees
	Travel, accommodation		dr.			142
	subsistence	expenses
13	Tangible fixed assets
							Office Equipment
	Cost
	At I April 2020						20,252
	Additions						15,784
							36,036
	Depreciation
	At I April 2020						16,479
	13epreciation	charge					7,401
							23/80
	Net book values
	At I April 2020						3,773
	At 31 March	2021					12,156
14	Debtors
						2021f	2020
	Accounts receivable					498,571	136,305
	Other debtors						34
	Prepayments	and Accrued	Income			44,798	74,307
						543+69	210,646

ash in ban	k and in hand
		2021	2020
Restricted cash and bank balances		362440	291,03 l
Designated	cash and bank balances
Unrestricted	cash and bank balances	157,585	127,009
		519,925	418,040

reditors: amounts due within one ye	ar
		2021	2020
Social security and other employment	taxes	11,847	11,083
Trade creditors		267,731	44,303
Accruals		26/28	109,305
Other creditors			2,290
		305,906	166,981

					2021f	2020f
Pension	contributions	(defined	contribution	scheme)	32,433	24,924

18	Holiday pay accrual	Holiday pay accrual	Holiday pay accrual	Holiday pay accrual
	The total accrual for				holidays	not taken was as		follows:
									2021f	2020
	Holiday	pay		accrual					16423	8,357
19	Movement		in funds
				Restricted		Designated		Unrestricted	2021f	2020
	Funds			343,036				122,442	465,478	341,019
	brought
	forward
	Transfers			l	9,500			((9,500)
	Net			250, I46				53,920	304,066	124,459
	movement
	in funds
	Funds			612,682				156,862	769,544	465,478
	carried
	forward
20	Analysis'of		charitable funds
Analysis ofmovements					in unrestricted		funds
				Balance		at	Incoming	Resources	Transfers	Funds
				1April 2020			resources	expended		31March
										202]
General fund					(22,442		396,328	(342,408)	(19,500)	156,862

sis ofmovements	in restricted	fund
	Balance	Incoming	Resources	Transfers	Balance at 31
	at	Resources	Expended		March 2021
	1April
	2020
Solar MUS 3	98,775	3,324	(85,264)	9,500	26,335
SECURE	45,650		(41,247)		4,403
Fnergy4Health	65,604	52,889	(51,089)		67,404
ENRICH	36,477	39,101	(30,369)		45,209
REALIZE		170,686	(61,307)		109,379
TREATS	39,518	86,292	(9,578)	(30,000)	86,232
UREKA	177	84,690	(21,691)	30,000	93,176
Energy Hubs	37,191		(25,113)	13,894	25,972
Plus
Energy Hubs:	3,894			(3,894)
Tanzania
East Africa
Regional Manager	8,141	40,000	(48,141)
Carbon Offset	7,609	892,960	(745,997)		154,572
Total Restricted	343,036	1,369,942	(1,119,796)	19,500	612,682
Designated fund
Total Restricted	343,036	1,369,942	(1,119,796)	19,500	612,682
&Designated

Notes to the Ac	counts
Name ofrestricted	fund	Description, nature snd purposes ofthe fund
Solar MUS 3		Installation offour community owned solar power water puinps
		and agricultural and WASH training across eight communities
		in Nepal.
SECURE		A project improving energy access at five nearby locations
		consisting ofa solar microgrid providing electricity to homes
		and business, a solar powered health post and flood warning
		system in Surkhet distrct, Nepal
Energy4Health		Ten poor, off-grid communities in Surkhet District, Nepal will
		receive solar powered energy systems at local health centres
		enabling them to refrigerate vaccines and medicines and use
		energy-reliant equipment. Further, community members will be
		trained to construct and install Improved Cookstoves in
		households, supported by a health awareness raising campaign
		to ensure uptake ofnew services.
ENRICH		The ENRICH project objective is to increase nutritional intake
		and generate increased income through the development ofa
		new, self-sustaining market in Bag Digesters, biogas and
		organic fertiliser in 12communities in Surkhet and Banke
		districts, Nepal.
REALIZE		This project enables people living in northern Bardia and
		Banke National Park buffer zones, Nepal, to generate a
		sustainable, renewable-energy enhanced income, conserve the
		fragile forest landscape in which they live, and gain a louder
		voice in buffer zone decision-making.
TREATS		This project aims to improve access to secondary level
		education for students across nine schools, with a focus on girls
		and children with disabilities, in Gulmi District, Nepal, by
		improving water access, toilet and sanitation facilities, and
		hygiene resources and knowledge.
UREKA		The UREKA project aims to improve food security and income
		generation in five ofthe poorest and hardest to reach
		communities in Achharn, Nepal. This will be achieved by the
		provision ofsolar water pumping, training introducing climate-
		srnart agricultural techniques to produce high value and
		nutritious crops and supporting agricultural value chains.
		Training in safe water use and good hygiene practices will be
		given to all households.
Energy Hubs Plus		Optimisation through additional connections and enterprise
		development training and support to reach more people at our
		existing Kenyan energy hub sites along the shore ofLake
		Victoria.

nalysis	ofmovement o	fnet assets betw	een funds
		Restricted	Designated	8	Unrestricted	2021 8	2020f
Tangible	fixed assets				I2,156	12,156	3,773
Current	assets	876,570			i86,724	1,063494	628,686
Creditors	due within	(263,888)			(42,0i8)	(305,906)	(I66,981 )
one year
		612,682			156,862	769,544	465,478

econciliation ofnet m	ovemen	t in funds	to net cash flow	from operating act	ivities
				2021	2020
				f
Net movement in funds				304,066	124,459
Add back depreciation	charge			7,401	2,775
Deduct interest income	shown	in investing	activities	(1,992)	(370)
Decrease (increase) in	debtors			(332,723)	(178,400)
Increase (decrease) in creditors				138,925	126,116
Net cash used in operating activities				115,677	74~0