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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 2024

FOR

RENEWABLE HERITAGE TRUST
(A COMPANY LIMITED BY GUARANTEE)

RENEWABLE HERITAGE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










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

RENEWABLE HERITAGE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS
For The Year Ended 31 July 2024



TRUSTEES Mr W Brown
Ms M J Fox
Mr P J Lister
Mr D R Mann
Mr M C Phillips
Ms A Firth
Mr H W Chase (appointed 6.3.24)


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 Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

REPORT OF THE TRUSTEES
For The Year Ended 31 July 2024



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 2024. 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 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;

- 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
A total of 24 primary schools, one home-schooled group, one Brownie group and one Beaver group brought 1430 children to the mill and island during the year. The schools were able to choose workshops including 'Gears, Levers and Pulleys', 'Rocks and Soils', and 'Habitats and Minibeasts'.

As in the previous year, Master's students studying heritage and conservation from the University of York, and international students attending a science summer school at Leeds University, enjoyed visits to the mill.

The annual Heritage Open Day on Sunday 17 September 2023 attracted about 130 adults and children who came for their first visit to the mill. There were three writing workshops and two group tours. The AONB volunteers came in December to help with practical tasks on the island. These events, including HOD, brought a total of about 190 adults to organised events at the mill. In addition, school staff and helpers added a further 135 adult visitors.

A major overhaul of the wheel gearbox and generator was required which meant that it was not generating from April 2023 to May 2024. High rainfall from late October and throughout the winter caused the building to be flooded four times and electricity generation was significantly reduced. A more favourable river level prevailed through the spring and summer that resulted in output only down by 5% compared with the previous year. The export price received dropped back to its previous level from April 2024.

Plans for Future Periods
School visits have increased to almost meet the capacity to deliver workshops by our two providers. There remains scope to increase the use of the mill by other groups whose objectives match those of RHT.

RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

REPORT OF THE TRUSTEES
For The Year Ended 31 July 2024


STRATEGIC REPORT
Financial review
Financial position
During the year, a total of £106,000 was gifted from Howsham Power Company to RHT

Investment policy and objectives
No external investments have been made.

Reserves policy
Funds surplus to immediate needs have been deposited in the savings account to earn interest and will be drawn as required over the year.


RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

REPORT OF THE TRUSTEES
For The Year Ended 31 July 2024


STRATEGIC REPORT
Principal Risks and Uncertainties
The Trustees have given consideration to any exposure and the results are listed below:


Risk

Effect

Probability
Impact
(1 to 10)

Exposure
River floods
buildings

Damage to tools & equipment

10%

5

0.5
Damage to building fabric10%10.1
Revenue lost on generation10%20.2
River floods
generator

Generator damaged

1%

5

0.05
VandalismEquipment or building damaged5%80.4
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 collapsesRevenue lost on generation1%80.08
Pollution IncidentCleanup costs, fine2%80.16
Water
supplycontaminati
on


Public become ill after drink water


1%


10


0.1
Electric price fallsRevenue lost on generation15%30.45
Buying company
failure

Revenue lost

10%

5

0.45

RiskTrigger EventMitigation StrategyActions

River floods buildings

Storms or snow melt
Environment Agency
early warning
Lift all vulnerable items
to first floor

River floods buildings

Storms or snow melt
Design anticipates
flooding

Washout afterFlooding

River floods buildings

Storms or snow melt
Design calculations
include

None

River floods generator

Storms or snow melt
O&M Replacement
Allowance

Replace


Vandalism


CCTV System, plastic
windows, Police visits
etc.

Monitor CCTV, regular
site visits, Police callouts
Screw or waterwheel
failure

O&M Replacement
Allowance
Regular checks &
maintenance



Public Liability incident



Site accident

Public Liability
Insurance & Volunteer
Disclaimers
Install safety signs,
checks on play
equipment, with log
book


River flow changes


Climate change
System only requires a
small part of total river
flow


None




Weir collapses



Undermining,
vegetation growth
Weir is owned by
Environment Agency -
ABS Licence requires
them to carry out repair
it

Remove vegetative
growth & advise
Environmental Agency
of issues

RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

REPORT OF THE TRUSTEES
For The Year Ended 31 July 2024


STRATEGIC REPORT






Pollution Incident





Oil spill, concrete
spillage, silt release


Minimise use, use
biodegradable
lubricants, include
berms and secondary
containment
Provide spill kits, assess
need for secondary
containment, no
transport of hazardous
materials by river, coffer
dam and silt trap for
river works

Water supply
contamination
Filters not changed, UV
filter not working, hot
water not boiled

Proper equipment
maintenance

Prepare a maintenance
schedule with log book


Electric price falls
Government policy,
nuclear power,
recession
Long term contract, use
of Feed in Tariff to fix for
20 years

Assess the market and
choose low risk options

Risk Matrix
Impact
9-10200
7-8300
5-7300
3-4200
1-2200
1% - 20%21% - 40%41% - 60%
Probability

Future plans
School visits have increased over the year. More schools have been applying for visits and RHT hopes to continue attracting new schools.

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 bi-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.

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.


RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

REPORT OF THE TRUSTEES
For The Year Ended 31 July 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
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.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 20 December 2024 and signed on the board's behalf by:





Mr M C Phillips - Trustee

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 2024.

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.








Paul Dixon

Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

20 December 2024

RENEWABLE HERITAGE TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
For The Year Ended 31 July 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 107,055 41,160

Other trading activities 2 200 250
Investment income 3 195 72
Total 107,450 41,482

EXPENDITURE ON
Charitable activities
Charitable activities 14,017 16,598

Other 16,148 20,359
Total 30,165 36,957

NET INCOME 77,285 4,525


RECONCILIATION OF FUNDS
Total funds brought forward 507,507 502,982

TOTAL FUNDS CARRIED FORWARD 584,792 507,507

RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

BALANCE SHEET
31 July 2024

2024 2023
Total Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 453,065 453,177

CURRENT ASSETS
Stocks 8 100 100
Debtors 9 2,232 2,234
Cash at bank 10 131,464 55,613
133,796 57,947

CREDITORS
Amounts falling due within one year 11 (2,069 ) (3,617 )

NET CURRENT ASSETS 131,727 54,330

TOTAL ASSETS LESS CURRENT LIABILITIES 584,792 507,507

NET ASSETS 584,792 507,507
FUNDS 12
Unrestricted funds:
General fund 132,063 54,778
Capital reserve fund 452,729 452,729
584,792 507,507
TOTAL FUNDS 584,792 507,507

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.


RENEWABLE HERITAGE TRUST (REGISTERED NUMBER: 05170904)

BALANCE SHEET - continued
31 July 2024

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 20 December 2024 and were signed on its behalf by:





Mr M C Phillips - Trustee





Ms A Firth - Trustee

RENEWABLE HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


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.


RENEWABLE HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


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
2024 2023
Unrestricted Total
funds funds
£    £   
Fundraising courses, workshops and
events

200

250

3. INVESTMENT INCOME
2024 2023
Unrestricted Total
funds funds
£    £   
Deposit account interest 195 72

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 112 150

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.



RENEWABLE HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


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
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 August 2023 and 31 July 2024 452,729 202,868 655,597
DEPRECIATION
At 1 August 2023 - 202,420 202,420
Charge for year - 112 112
At 31 July 2024 - 202,532 202,532
NET BOOK VALUE
At 31 July 2024 452,729 336 453,065
At 31 July 2023 452,729 448 453,177

8. STOCKS
2024 2023
£    £   
Stocks 100 100

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 79
Prepayments 2,232 2,155
2,232 2,234

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.


RENEWABLE HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100 623
Accrued expenses 1,969 2,994
2,069 3,617

12. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 54,778 77,285 132,063
Capital reserve fund 452,729 - 452,729
507,507 77,285 584,792
TOTAL FUNDS 507,507 77,285 584,792

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 107,450 (30,165 ) 77,285

TOTAL FUNDS 107,450 (30,165 ) 77,285


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 50,253 4,525 54,778
Capital reserve fund 452,729 - 452,729
502,982 4,525 507,507
TOTAL FUNDS 502,982 4,525 507,507

RENEWABLE HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


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 41,482 (36,957 ) 4,525

TOTAL FUNDS 41,482 (36,957 ) 4,525

13. TRANSACTIONS WITH TRUSTEES

During the year, the Trust received donations from Howsham Power Co Ltd totalling £106,000 (2023 - £40,000), a company in which Mr M C Phillips and Ms M Macleod are directors.

During the year, £7,525 (2023 - £11,836) 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.