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





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|Directors||and Tru|stees|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Catherine<br>Adams (Treasurer)||||||||
|||||Patrick Davis (resigned|||28th|April|2021)|||
|||||Sarah Donnelly<br>Diana Du Luart|(Vice-Chair)<br> ("Diana France")(appointed||||||I I n August 20)|
|||||Claire Hancock|(resigned||30n November|||2020)||
|||||Neil Pinto (Chair)||||||||
|||||Alexandra<br>Poole||||||||
|||||Mare Monsarrat|(resigned 24|||May|2021)|||
|||||Christopher<br>Morgan||||||||
|||||Lata Shrestha (appointed|||30n|November||2020)||
|||||Stephen<br>Walker||||||||
|||||Peter Weston||||||||
|Secretary||||Matthew<br>Stubberfield||(resigned 28|||July 2021)|||
|||||Janaki Jayasuriya|(appointed|||28 July 2021)||||
|Key management|||personnel:|||||||||
|Senior Managers||||||||||||
|Chief Executive Officer||||Matthew<br>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<br>Accountants||&Statutory|||Auditor|||
|||||37 StMargaret's|Street|||||||
|||||Canterbury||||||||
|||||Kent||||||||
|||||CTI 2TU||||||||





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|Continuing<br>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<br>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<br>I||||||||
|Enriching<br>Agriculture<br>using|Bag|||3,300|April 2020|Mar 2023|Nepal|
|Digesters (ENRICH)||||||||
|Renewable<br>Energy Access for||||8,378|July 2020|Dec 2023|Nepal|
|Livelihoods<br>in fragile Buffer Zones Nepal||||||||
|(REALIZE)||||||||
|Using Renewable<br>Energy to|Kickstart|||9,148|Oct 2020|Oct 2023|Nepal|
|Agriculture<br>(UREKA)||||||||
|Transforming<br>Education<br>via|Energy||||Jan 2021|June 2023|Nepal|
|Access and Simple Sustainable|||Solutions|||||
|(TREATS)||||||||



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





## 

|Renewable<br>World<br>Balance sheet|Renewable<br>World<br>Balance sheet|||||
|---|---|---|---|---|---|
|as at 3l March 202l||||||
|Company<br>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:<br>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<br>funds|||l9&20|612,682|343,036|
|Designated<br>funds|||l9&20|||
|Unrestricted<br>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<br>by (used|in) investing|||activities|||(13,792)|(4,527)|
|Cash flows from financing||activities|||||||
|Repayment ofborrowing|||||||||
|Cash used in financing|activities||||||||
|(Decrease)/increase<br>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<br>Anonymous<br>Donor¹<br>1<br>Anonymous<br>Donor¹2<br>Anonymous<br>Donor¹3|Charitable|Trust|||10,000<br>23,146<br>10,000||10,000<br>23,146<br>10,000|10,000<br>10,000<br>25,000<br>16,854|
|Anonymous<br>Trust||||||||10,000|
|13eazley group|||||10,428|38,636|49,064|38,290|
|Coles-Medlock<br>Foundation|||||5,000||5,000|10,000|
|Educational<br>&,General|Charitable|Trust||||10,000|10,000||
|EKO Energy|||||19,275||19,275||
|Guernsey<br>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<br>Corporation|Fund for Europe &||Africa|||||40,000|
|Next Energy Foundation||||||||28,000|
|Northern<br>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<br>Foundation||||||30,000|30,000|30,000|
|The innocent<br>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<br>and gifts below f.10,000|||||19,831|151,074|170,905|200,554|
|Total||||1|58404|350155|1708 59|942<br>24|





## 

|Challenge<br>|eveats|||||
|---|---|---|---|---|---|
|||Restricted|Unrestricted|2021|2020|
|||f|f|f||
|Fundraising|events|11,538|30,542|42,080|62,016|



|for|5a June and f15,461|<br> was raised so fa|r during<br>this financial|year.|||
|---|---|---|---|---|---|---|
|3|Trading income||||||
||||Restricted|Unrestricted|2021|2020|
|||||f|||
||Affinity<br>income|||496|496|231|
||Sale ofmerchandise|||13,143|13,143|10,707|
|||||13,639|13,639|10,938|
|4|Investment<br>income||||||
||||Restricted|Unrestricted|2021|2020|
|||||f|||
||Interest from cash deposits|||1,992|1,992|370|
|5|Other income||||||
||||Restricted|Unrestrictedf|2021<br>f|2020<br>f|
||Furlough<br>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<br>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<br>Activitie|s - Direct Progra|mme<br>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<br>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<br>and support||costs|||||
||||Restrictedf|Unrestrictedf||2021<br>f|2020<br>f.|
||Renewable<br>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<br>fo|r the followin|g<br>expenses|incurred<br>in|providing<br>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<br>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:<br>amounts<br>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<br>pay accrual|Holiday<br>pay accrual|Holiday<br>pay accrual|Holiday<br>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<br>funds||||||||
|Analysis ofmovements|||||in unrestricted||funds||||
|||||Balance||at|Incoming|Resources|Transfers|Funds|
|||||1April 2020|||resources|expended||31March|
|||||||||||202]|
|General<br>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<br>Hubs|37,191||(25,113)|13,894|25,972|
|Plus||||||
|Energy Hubs:|3,894|||(3,894)||
|Tanzania||||||
|East Africa||||||
|Regional<br>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<br>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,<br>nature snd purposes ofthe fund|
|Solar MUS 3||Installation offour community<br>owned solar power water puinps|
|||and agricultural<br>and WASH training across eight communities|
|||in Nepal.|
|SECURE||A project improving<br>energy access at five nearby locations|
|||consisting ofa solar microgrid<br>providing<br>electricity to homes|
|||and business,<br>a solar powered<br>health post and flood warning|
|||system in Surkhet distrct, Nepal|
|Energy4Health||Ten poor, off-grid communities<br>in Surkhet District, Nepal will|
|||receive solar powered<br>energy systems at local health centres|
|||enabling<br>them to refrigerate<br>vaccines and medicines<br>and use|
|||energy-reliant<br>equipment.<br>Further,<br>community<br>members<br>will be|
|||trained to construct and install Improved<br>Cookstoves<br>in|
|||households,<br>supported<br>by a health awareness<br>raising campaign|
|||to ensure uptake ofnew services.|
|ENRICH||The ENRICH project objective is to increase nutritional<br>intake|
|||and generate<br>increased<br>income through<br>the development<br>ofa|
|||new, self-sustaining<br>market<br>in Bag Digesters, biogas and|
|||organic fertiliser<br>in 12communities<br>in Surkhet and Banke|
|||districts, Nepal.|
|REALIZE||This project enables people living in northern<br>Bardia and|
|||Banke National<br>Park buffer zones, Nepal, to generate a|
|||sustainable,<br>renewable-energy<br>enhanced<br>income, conserve the|
|||fragile forest landscape<br>in which they live, and gain a louder|
|||voice in buffer zone decision-making.|
|TREATS||This project aims to improve<br>access to secondary<br>level|
|||education<br>for students<br>across nine schools, with a focus on girls|
|||and children<br>with disabilities,<br>in Gulmi District, Nepal, by|
|||improving<br>water access, toilet and sanitation<br>facilities, and|
|||hygiene<br>resources and knowledge.|
|UREKA||The UREKA project aims to improve<br>food security<br>and income|
|||generation<br>in five ofthe poorest and hardest to reach|
|||communities<br>in Achharn,<br>Nepal. This will be achieved<br>by the|
|||provision ofsolar water pumping,<br>training<br>introducing<br>climate-|
|||srnart agricultural<br>techniques<br>to produce high value and|
|||nutritious<br>crops and supporting<br>agricultural<br>value chains.|
|||Training<br>in safe water use and good hygiene practices will be|
|||given to all households.|
|Energy Hubs Plus||Optimisation<br>through<br>additional<br>connections<br>and enterprise|
|||development<br>training<br>and support to reach more people at our|
|||existing Kenyan energy<br>hub sites along the shore ofLake|
|||Victoria.|





## 

|nalysis|ofmovement<br>o|fnet assets betw|een<br>funds|||||
|---|---|---|---|---|---|---|---|
|||Restricted|Designated|8|Unrestricted|2021<br>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<br>ofnet m|ovemen|t<br>in funds|to net cash flow|from operating<br>act|ivities|
|---|---|---|---|---|---|
|||||2021|2020|
|||||f||
|Net movement<br>in funds||||304,066|124,459|
|Add back depreciation|charge|||7,401|2,775|
|Deduct interest<br>income|shown|in investing|activities|(1,992)|(370)|
|Decrease (increase)<br>in|debtors|||(332,723)|(178,400)|
|Increase (decrease)<br>in creditors||||138,925|126,116|
|Net cash used in operating<br>activities||||115,677|74~0|



## 

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## 

## 

##