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2022-03-31-accounts

A Company Limited by Guarantee and not having a Share Capital

Trustees’ Report and Financial Statements For the year ended 31[st] March 2022

REGISTERED CHARITY NUMBER: 1077889 REGISTERED COMPANY NUMBER: 03661446 (England & Wales)

www.pumpaid.org @PumpAid Pump Aid

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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CONTENTS PAGE
Harnessing Enterprise - Ending Dependency 2
Legal and Administrative Information 3
Chairman’s Introduction 4
Trustees’ Report
Vision, mission and values 5
Charitable purpose 5
Achievements in 2021/22 6
Objectives for 2022/23 7
Criteria for measuring success 8
Risk management 8
Structure, governance and management 9
Appointment and training of trustees 9
Approach to fundraising 9
Going concern 10
Financial review of 2021/22 10
Reserves policy 11
Auditors and disclosure of information to auditors 12
Statement of Trustees’ Responsibilities 13
Independent Auditor’s Report 14
Financial Statements
Statement of Financial Activities 18
Balance Sheet 20
Cash Flow Statement 21
Notes to the Financial Statements 22
Glossary of terms and abbreviations 30

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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HARNESSING ENTERPRISE - ENDING DEPENDENCY

“The effectiveness of Pump Aid’s approach is in its commitment to a more sustainable local market model, as well as in its advocacy to challenge the traditional model of aid.”

Sarah Donachie, Deputy Fund Director, UK Aid Direct

“Low cost farmer led irrigation is the only way to move away from rural poverty and we must include this technology in our irrigation plans.”

Hon Lobin Lowe MP, Malawi Minister of Agriculture

“We are now able to make use of the whole land, as we can water plants throughout without any problems, and my husband and I no longer complain when it comes to irrigating.”

Violet Uladi of Machemba village, irrigation pump purchaser

“A mindset that women can’t do a type of work which was rated as ‘men’s work’ is now realised as wrong and I therefore wish more women

could follow my lead.”

Selina Phiri, an area mechanic in Kasungu

“We would sometimes go to open streams in search of water for our daily activities such as drinking and cooking. Now we are dancing to a new song and drinking safe and clean water unlike before”

Florence Joe, resident of Totomoyo village, after their broken pump was fully repaired

“The good thing was that we were allowed to pay for the pump in instalments, on top of the price being affordable as well. We don’t regret buying because this pump has changed our lives.”

Odetta Mwale of Katchumba village, household pump purchaser

“We used to draw water from a communal borehole 700 metres away from the CBCC, but now we have readily available water for washing hands, cleaning and more. It couldn’t be any better!” Loveness Kayison, vice-chair of the Chipapasa CBCC committee

“Pump Aid’s approach is commercially sustainable with good engagement at different levels of local governance and a degree of local ownership far more than we often see from INGOs.”

Ruth Davison, Judge, UK Charity Awards

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Prof Stefan Allesch-Taylor CBE (Chairman) - Appointed February 2011

Megan Bingham-Walker - Appointed May 2003 Ashley Lopez – Appointed January 2016 Spencer Mahony – Appointed July 2016 Ben Nealon OBE - Appointed November 1998 Gerard Tyler – Appointed July 2016 Dave Waller – Appointed July 2016

Company Secretary

Matthew Gill

Charity Number

1077889

Company Number

03661446

Registered office and principal address

3[rd] Floor, 86-90 Paul Street, London, EC2A 4NE

Bankers

Barclays Bank Standard Bank 1-7 King Street Capital City London, EC2V 8AU Lilongwe, Malawi

UK Auditors

HW Fisher LLP Acre House, 11-15 William Road, London, NW1 3ER, United Kingdom

Malawi Auditors

Audit Consult Vanguard Life Insurance House, Mandala Road, Lilongwe 3, Malawi

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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CHAIRMAN’S INTRODUCTION

When I joined the Board in 2011, Pump Aid had set itself three strategic goals:

As I reach the end of my tenure, I am pleased to report Pump Aid has delivered on all of these.

Since 2018, the 92 locally owned water services businesses we have created have sold more than 2,150 of our easy-to-use, easy-to-maintain rope and washer pumps, and our network of trained and incentivised mechanics has repaired more than 2,250 poorly functioning or totally broken community water points, together giving or restoring access to safe water to more than 600,000 people. Pump Aid’s pumps are all manufactured in Malawi - creating employment; the sustainable businesses we have created are generating income; and the mechanics we train live in their communities, so the skills they learn will be available for generations to come. Giving Malawi’s rural poor the tools and skills they need to manage water solutions for themselves.

Pump Aid has further increased its impact by sharing its knowledge and working with other Malawi based NGOs, including UNICEF, Comic Relief, Care International and Concern Worldwide and is now working with the Malawi Ministry of Agriculture, Irrigation and Water Development to develop a licenced approach to community water point management that is increasing rural water point functionality from barely 50% to more than 90%. Having seen our irrigation pump in action, Malawi Minister of Agriculture, Hon Lobin Lowe MP said, “Low cost farmer led irrigation is the only way to move away from rural poverty and we must include this technology in our irrigation plans”. We are now in discussion with other Malawi based NGOs to see how our approach could improve their outcomes. Maximising our impact by working in partnership.

And there can be no better demonstration of Pump Aid’s determination to leverage change by influencing others than in its achievement of a second shortlisting for the International Aid and Development Award at the UK Charity Awards. Key to our success has been the development of an approach that, once fully established, enables our small businesses to charge a price that both covers the cost of a pump or a repair and makes them a profit. While many businesses set up by NGOs and well-meaning funders in Malawi have struggled when their aid funding ceased, our entrepreneurs have flourished, even in a global pandemic, and continue to do so, as we leverage change by creating sustainable water solutions.

Now, as I take my leave, I look back on my time at Pump Aid with immense pride, not for what I have achieved, but for what our staff, our funders and our Malawian entrepreneurs have achieved. Pump Aid is unrecognisable from the charity I joined and is more dynamic and innovative than I could ever have imagined and I am confident my successor will drive it to even greater success. I thank everyone who has supported Pump Aid in any way over the past ten years. It is your support that has driven Pump Aid’s success and it is your commitment that will secure its future.

Prof Stefan Allesch-Taylor CBE

Chairman 11[th] November 2022

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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TRUSTEES’ REPORT

The Board of Trustees are pleased to present their Trustees’ Report and Financial Statements for the year ending 31[st] March 2022.

The Trustees’ Report contains a Directors’ Report as required by company law. The Financial Statements comply with the requirements of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Financial Statements in accordance with FRS102 (effective 1[st] January 2019).

VISION, MISSION AND VALUES

Vision

Pump Aid is committed to the delivery of the UN’s Sustainable Development Goals and the total eradication of water poverty by 2030. But our ultimate goal is to transform the lives and life chances of poor and disadvantaged communities, so that they reach a point of resilience and selfreliance where they no longer need the support of us or anyone else.

Mission

Pump Aid’s mission is to achieve lasting positive change in poor and disadvantaged communities by improving the quality, availability and use of water and sanitation, by harnessing the power of the community, local businesses and partners in other sectors, and providing access to affordable, innovative and sustainable water solutions.

Values

At the heart of everything we do is the central belief that fulfilling the basic human right to safe water and sanitation is the vital first step to better life expectancy, improved educational attainment and increased social and economic independence.

CHARITABLE PURPOSE

The Charity Commission’s guidance on public benefit, as required by section 17 of the Charities Act, 2011, sets out two key principles: the organisation must have an identifiable benefit and the benefit must be to the public or to a section of the public.

Trustees have reviewed the vision and mission of the Charity in the light of this guidance and have been mindful of it when setting the objectives for the current year. They have also noted the emphasis on water and sanitation in the UN Sustainable Development Goals of which SDG6 requires the achievement of universal and equitable access to safe and affordable drinking water, access to adequate and equitable sanitation and an ending of open defecation. SDG6 also requires action to improve water quality by reducing pollution, increased water-use efficiency, the elimination of water poverty, the protection of water-related ecosystems and support to strengthen the participation of local communities in improving water and sanitation management.

Pump Aid is engaged in activities that support all of these objectives and Trustees believe the activities of Pump Aid, as detailed in this report, demonstrate that the Charity fully meets both of the Charity Commission’s public benefit requirements.

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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ACHIEVEMENTS IN 2021/22

Pump Aid’s charitable activities are delivered wholly in Malawi, where access to water is seriously hampered by the 55% of Malawi’s rural water points classified as non-functional (UpGro/DFID 2020). At least 9m Malawians lack access to improved water and, while 85% of the population is almost totally reliant on subsistence farming, only 11% of small-scale farmers use any form of effective irrigation, which severely limits farm yields and increases the vulnerability of farm livelihoods.

Since 2014, Pump Aid has been creating and supporting a network of pump mechanic businesses, which sell small-scale domestic and irrigation pumps and repair non-functioning community water points. By 2020, our network of small businesses had grown to 75 and, by April 2020, they had collectively sold over 870 individual pumps and repaired 665 poorly functioning community water points. The arrival of Covid19 changed everything as campaigns urging people to wash their hands are ineffective if the local water point is not working. Our response was to refocus our efforts on the sale of domestic pumps and community water point repairs and the result was game-changing.

Within 12 months, our mechanics had sold over 400 domestic pumps and repaired a total of 1,434 community water points, giving and restoring life-saving water to almost 375,000 people. This not only massively improved the resilience of these communities to Covid19, it meant our mechanics had sold more pumps and repaired more community water points in a single year than ever before and this prompted us to ask why. We found there were four reasons:

  1. Trust: There are a lot of pump mechanics in Malawi and their work is of varying quality. Our mechanics are trained to a high standard, but a community would have to take this on trust until they had seen for themselves. Because we work in partnership with District Water Offices, this has given communities a greater level of confidence in our mechanics.

  2. Affordability: Community water points (CWPs) are managed by Water Point Committees (WPCs), which are composed entirely of volunteers who often struggle to raise money from water point users to pay for maintenance. Buying a domestic water pump frees individual households from having to reach a collective decision with others in their community.

  3. Risk: The cost of a CWP repair ranges widely and often cannot be ascertained until the repair has started. Around 60% of problems can be solved for less than $20, 30% will cost around $50, and 10% could be $200 or more. We were told the fear that a repair may cost $200 or more deters many WPCs from even asking a mechanic to come to see them.

  4. Coordination: We had originally thought that Pump Aid’s role in this process would be to create a network of small businesses and stand back. We now saw there was a need for some form of coordination between pump mechanics, DWOs, and WPCs and that this was a crucial element for sustainability.

Our own findings were confirmed by an earlier UNICEF report into pump functionality, which had concluded that “Improved levels of pump functionality can only be sustained if they are supported by affordable preventative maintenance delivered by professional, highly trained and properly organised and motivated contractors, so that per capita costs reduce through economies of scale.” (UNICEF, Reach 2020) and this has spurred us to completely reappraise our role.

In 2021/22, we have used what we have learned to create a more resilient community water point management system for when Malawi returns to normal. We have developed:

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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Since April 2021, our network of pump mechanics has increased to 92, we have signed a MOU with Dowa District for the maintenance of 200 community water pumps, with another 241 pumps scheduled for inclusion in the current year, and have agreed ‘pre-licencing’ agreements for 420 pumps in the Districts of Mchinji and Kasungu. As a result, almost 250,000 people will soon be benefiting from reliable access to water, the wider impact of which cannot be understated.

Our experience in the pandemic also encouraged us to reappraise and redesign the manufacturing and sales operation of the easy-to-use, easy-to-maintain, rope and washer pumps we sell to small communities and to farmers. Improved marketing and an increased focus on bulk sales through District Development Funds and MPs saw our pump sales in 2021/22 reach 624, the highest annual sales figure we have ever achieved.

Our focus on sales and repairs has not diluted our commitment to the communities that can afford neither and, in 2021/22, we continued to support vulnerable young children by providing a further 6 CBCCs with access to safe water, hygienic toilets and handwashing facilities. The total number of CBCCs we have given access to water and sanitation to now stands at 91 and our monitoring data indicates a 42% increase in attendance, a drop in diarrhoea rates from 15% to 6% and an improvement in handwashing at crucial times from 27% to 63%, all of which will massively improve the lives and life chances of the almost 13,000 children that will attend them.

While 2021/22 contained fewer surprises than 2020/21, it did require us to look afresh at how we deliver resilience and sustainability and better meet the new and emerging needs of remote and rural communities in Malawi. Our objectives for 2022/23 are built on everything we have learned.

OBJECTIVES FOR 2022/23

Since the arrival of the current management team in 2014, Pump Aid has been slowly repositioning itself away from that of a traditional INGO towards a more customer focussed, social impact business and, in April 2022, this objective took a significant step forward when Beyond Water (Pump Aid’s social enterprise) began trading in its own right.

From 1[st] April 2022, Pump Aid Malawi has been subcontracting its fully commercial and partly commercial activities to Beyond Water Malawi, which is a wholly owned subsidiary of Beyond Water UK, itself a wholly owned subsidiary of Pump Aid UK. Going forward, Pump Aid’s activities in Malawi will be delivered in the following manner:

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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These activities will be funded, as now, by a combination of generated income and restricted and unrestricted grants.

Each operating unit is headed by a manager, who is a member of the Malawi Senior Management Team, and we have additionally appointed a Malawi based advisory board to help Beyond Water Malawi develop into a locally led and locally managed business. This will enable BWM to secure commercial contracts and to access funding unavailable to charities, which it will use to take its entrepreneurs and area mechanics closer to a point of resilience and self-reliance, where they no longer need the support of the Charity or anyone else.

Over the next three years (2022-2025) BWM aims to grow its sales business to at least 6,000 pump sales per annum and its repair and maintenance business to at least 2,000 community water points under licence agreement, at which point it will become profitable, self-sustaining and able to finance all its own trading and working capital needs. Over the same period, Pump Aid will continue to deliver its philanthropic community programmes and seek ways in which it could seed Beyond Water type activities in other countries of Sub-Saharan Africa.

CRITERIA FOR MEASURING SUCCESS

Pump Aid has developed a detailed framework for measuring its impact using an activity based framework. Qualitative and quantitative indicators are collected from beneficiaries, installations are independently tested and verified and case studies and questionnaires are used to determine the effectiveness and appropriateness of all of Pump Aid’s interventions. Pump Aid uses this data for the compilation of its reports to funders and its restricted programmes are often subject to additional external and independent evaluations as and when required by funders.

RISK MANAGEMENT

All significant activities are subject to a risk review as part of the initial activity assessment and implementation. The Senior Management Team ranks all risks in terms of their potential impact and likelihood and, where possible, puts in place appropriate mitigation.

Major risks for this purpose, are those that may have a significant impact on:

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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Trustees annually assess the major risks, both positive and negative, to which the Charity is exposed, particularly those related to its finances, operations and reputation, and ensure that adequate systems are in place to:

A risk review forms part of the Board’s annual planning process.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Pump Aid is a company limited by guarantee incorporated on 4[th] November 1998. The Company was registered as a Charity with the Charity Commission on 21[st] October 1999. The Company’s governing document, its Memorandum and Articles of Association, was revised and approved at the Annual General Meeting held on 13[th] October 2014.

Pump Aid’s Trustees are responsible for the general control and management of the Charity and serve for an initial period of three years, after which they may offer themselves for re-election. The Trustee Board is responsible for setting the organisation’s strategy, assessing risk and reviewing and adopting the Charity’s annual budget and quarterly financial reports. The Trustee Board meets four times per year, including an annual strategy day with senior staff.

Except as stated in note 7 to the Financial Statements, Trustees have no beneficial interest in the activities of the Charity. All Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

Day to day management of the Charity is vested in a Senior Management Team comprised of its Joint Chief Executives, Michael Chuter and Duncan Marsh. All staff salaries are benchmarked against similar roles in similar sized organisations. The salaries of the Joint Chief Executives are set by the Board with reference to market data for each individual role.

APPOINTMENT AND TRAINING OF TRUSTEES

The Board conducts a biennial skills audit and, if necessary, new trustees are sought to ensure the Board maintains a mix of skills and expertise appropriate to the needs of the organisation. New Trustees are provided with information on the purposes of Pump Aid, its financial position and the key issues it faces. They are also given copies of policies and procedures on issues such as delegated authority, recruitment, equal opportunities, and guidance on conflicts of interest. Additional training is provided in line with the identified needs of the Board.

The Trustees, who are also directors for the purposes of company law, who served during the year and up to the date of this report, are set out on page 3.

APPROACH TO FUNDRAISING

Pump Aid raises a very small amount of its income from the UK public (2022: 4.9%, 2021: 4.7%), with the majority of its income coming from governments, corporates and charitable trusts and foundations. All fundraising activities are delivered by directly employed staff, whose working

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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practices fully comply with the Fundraising Regulator’s Code of Fundraising Practice and our use and storage of fundraising data is in full accordance with the GDPR. Pump Aid does not share its supporter details with other parties and we do not purchase cold contact lists. Supporters on Pump Aid’s fundraising database are contacted in the manner they prefer and we encourage them to contact us with any feedback. The Charity received no complaints with regard to its fundraising activities in the year under review (2021: none).

GOING CONCERN

Trustees have reviewed income projections for 2022/23 and 2023/24, have assessed the economic climate and its potential impact on the Charity and have considered a report on the financial sustainability of the organisation prepared by the Senior Management Team. Because Beyond Water Malawi is wholly dependent on the income raised by Pump Aid UK and Pump Aid Malawi is ultimately liable for all expenditure incurred by Beyond Water Malawi, for the purposes of their going concern assessment, Pump Aid’s trustees have considered these separate entities as if they were one. They have also taken specific account of the impact Covid19 has had on the finances of the Charity and its working practices.

Throughout the pandemic, Pump Aid’s staff have shown themselves to be incredibly flexible; all UK based staff have been working from home since March 2020 and Malawi staff continue to deliver all the Charity’s field activities (albeit with enhanced hygiene measures). Trustees have noted that Pump Aid’s response to the pandemic and the manner in which it focussed its efforts on supporting Malawi’s fight against Covid19 has significantly increased its profile in Malawi. Its approach has been endorsed by a number of MPs and Cabinet Ministers and its network of trained mechanics is also leading potential funders and other NGOs working in Malawi to approach the charity with a view to becoming part of the ground-breaking work it is pioneering.

Taking all this into account, Trustees believe it is reasonable to expect that Pump Aid will generate sufficient resources to finance its operations for the foreseeable future and there are no material uncertainties that call into doubt the Charity’s ability to continue. Accordingly, the financial statements continue to be prepared on the basis that the Charity is a going concern.

FINANCIAL REVIEW OF 2021/22

Income

Throughout 2021/22, Covid19 continued to have an impact on both the Charity’s activities and its ability to fund them. Yet, despite this, Pump Aid’s income once again exceeded £1m (for the 8[th] consecutive year) and the ending of UK Aid funding was more than made up for by increased donations from some of Pump Aid’s most loyal individual supporters and a significant increase in donations from corporates. Key fundraising successes included securing funding from the Waterloo Foundation for extending our Repair and Maintenance Programme into the District of Dowa and a first time major award from Urenco plc for this and for our work in CBBCs. The recruitment of two new fundraisers gave us the resources to engage more proactively with some of our past donors and, as a consequence, we generated almost £70,000 from this group versus the £3,500 we generated from them in the previous year.

The breakdown of income in the table below shows how Pump Aid has steadily moved away from the installation of community water pumps towards the creation of sustainable water networks

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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and how funding for enterprise has risen from 10% of our total income, when this journey started, to almost 70% now.

2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Community water, hygiene and sanitation 81.3% 64.3% 41.6% 38.2% 31.9% 18.0% 12.1%
WASH for vulnerable populations 1.8% 16.3% 14.3% 18.3% 13.8% 9.8% 18.2%
Urban WASH and entrepreneurship 6.9% 15.1% 4.6% 0.5% - - -
Enterprise for WASH and agriculture 10.0% 4.3% 39.5% 43.0% 54.3% 49.9% 26.4%
Enterprise for repair and maintenance - - - - - 22.3% 43.3%
TOTAL INCOME 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

The popularity of our entrepreneurial approach among charitable, and corporate donors means we have been able to attract new funding for this work while continuing to enjoy the support of the Medicor and Austin Bailey Foundations, Thirsty Planet, Waiakea, Rotork plc and the staff of Aspect Capital among others, for which we are extremely grateful.

Expenditure

Expenditure on charitable activities in the year was £918,528 (a small increase on the previous year) as our field teams adapted their working practices and delivered all of our programme commitments despite necessary restrictions imposed by the Malawi government. The success of our Covid interventions, particularly the large number of community water points we repaired, brought us to the attention of both local and national government and led to us being approached by MPs and District Water Offices to extend our work into their areas. Because much of this work was delivered by our network of small water services businesses, which are all based in the communities that they serve, Covid movement restrictions had less impact on our ability to deliver than it had on other NGOs who deliver their work differently.

Pump Aid continues to operate with an extremely small UK central office (just 4.2 of its 27.5 FTEs are employed in the UK, with the rest employed in Malawi) and we are pleased to note that direct programme expenditure in 2021/22 constituted 89.3 pence of every pound we spent. This is an astonishing achievement for a charity of our size, particularly when compared to the 70 pence in the pound and less achieved by some of the larger charities in the UK water sector.

RESERVES POLICY

Trustees believe unrestricted reserves are necessary for three reasons:

Trustees acknowledge that Covid19 has had an impact on the Charity’s income and expenditure, but believe that the way it has adapted over the past two years has more than demonstrated its ability to cope and thrive and they are confident that the Charity has the resources and operational flexibility to cope with whatever impacts can be reasonably expected. Trustees have previously set a minimum unrestricted reserve target of £150,000 and an optimum target of

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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£250,000 or the equivalent of three months unrestricted operating expenses and they believe this remains an adequate level of reserves for the Charity to maintain.

Current Reserves

The Charity’s free unrestricted reserves figure of £577,575 at March 2022 is now more than double Trustees’ optimum target and free reserves now stand at their highest level since 2010. While many actions have contributed to this, the two most significant were the restructuring Pump Aid undertook at the start of 2020, which significantly reduced its cost base; and the decision the Board took three years ago to focus on self-supply, which has enabled Pump Aid to secure large amounts of additional funding to help Malawi fight Covid19.

The effect of Covid19 on the aid sector in general and on countries like Malawi in particular is likely to be long lasting and Trustees have given management permission to spend some of the surplus reserves on increasing Malawi’s resilience to this and future global events.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the Directors has confirmed there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

Audit Consult, a Malawi based independent auditor, were appointed in 2020 and reappointed in 2021 to provide independent oversight of Pump Aid’s Malawi operations. They have conducted a local audit of Pump Aid Malawi and have provided information and assistance to the Charity’s auditor in the UK.

AUDITORS

HW Fisher LLP have been the Charity’s UK auditor since 2007 and were reappointed in 2021. In accordance with good practice, the Charity will put its audit out for tender at the conclusion of this year’s AGM.

For and on behalf of the board of Trustees

Prof Stefan Allesch-Taylor CBE Chairman 11[th] November 2022

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity’s trustees (who are also the directors of Pump Aid for the purposes of company law) are responsible for preparing a Trustees’ Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

Company law requires Trustees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure of the Charity for that period.

In preparing these financial statements, Trustees are required to:

Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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INDEPENDENT AUDITOR’S REPORT To the Members of Pump Aid

Opinion

We have audited the Financial Statements of Pump Aid (the ‘charity’) for the year ended 31st March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the Financial Statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the Financial Statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the Financial Statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the Financial Statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the Financial Statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the Financial Statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Trustees’ Report, other than the Financial Statements and our auditors’ report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report,

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we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the Financial Statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report included within the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies

Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the Financial Statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.

Page | 16

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Carol Rudge (Senior Statutory Auditor)

For and behalf of HW Fisher LLP Chartered Accountants Statutory Auditor Acre House 11-15 William Road London, NW1 3ER

Date: 11[th] November 2022

Page | 17

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

STATEMENT OF FINANCIAL ACTIVITIES incorporating an Income and Expenditure Account for the year ended 31[st] March 2022

Notes
INCOME
Donations and voluntary income
2
Income from charitable activities
3
Net profit on disposal of assets
Bank interest
TOTAL INCOME
EXPENDITURE
Costs of raising funds
Costs of generating voluntary income
and income from charitable activities
Charitable activities
Delivering water, sanitation and
hygiene improvement in Malawi
TOTAL EXPENDITURE
4
Net income and net movements in
funds
15
Reconciliation of funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
16		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
180,505
439,254
619,759
389,911
-
389,911
2,509
-
2,509
19
-
19
572,944
439,254
1,012,198
50,796
21,770
72,566
519,144
399,384
918,528
569,940
421,154
991,094
3,004
18,100
21,104
574,571
40,794
615,365
577,575
58,894
636,469		 Total
2021
£
1,121,630
144,233
224
8
1,266,095
69,960
893,224
963,184
302,911
312,454
615,365

All income and expenditure is derived from continuing activities.

Page | 18

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

STATEMENT OF FINANCIAL ACTIVITIES incorporating an Income and Expenditure Account for the year ended 31[st] March 2021

Notes
INCOME
Donations and voluntary income
2
Income from charitable activities
3
Net profit on disposal of assets
Bank interest
TOTAL INCOME
EXPENDITURE
Costs of raising funds
Costs of generating voluntary income
and income from charitable activities
Charitable activities
Delivering water, sanitation and
hygiene improvement in Malawi
TOTAL EXPENDITURE
4
Transfers between funds
14
Net income and net movements in
funds
15
Reconciliation of funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
16		 Unrestricted
Funds
Restricted
Funds
Total
2021
£
£
£
153,203
968,427
1,121,630
144,233
-
144,233
224
-
224
8
-
8
297,668
968,427
1,266,095
48,972
20,988
69,960
70,965
822,259
893,224
119,937
843,247
963,184
128,794
(128,794)
-
306,525
(3,614) 302,911
268,046
44,408
312,454
574,571
40,794
615,365		 Total
2020
£
1,173,962
195,808
-
551
1,370,321
85,734
1,270,260
1,355,994
-
14,327
298,127
312,454

All income and expenditure is derived from continuing activities.

Page | 19

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

BALANCE SHEET AT 31[st] March 2022

REGISTERED COMPANY NUMBER: 03661446 (England & Wales)

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stocks
10
Debtors
11
Cash at bank and in hand
Less: CURRENT LIABILITIES
Creditors: Amounts falling due within one year
12
NET CURRENT ASSETS
NET ASSETS
Total assets less total liabilities
Represented by:
Restricted funds
Unrestricted funds
TOTAL FUNDS CARRIED FORWARD
16		 2022
£
22,382
22,382
91,289
160,605
399,835
651,729
(37,642)
614,087
636,469
58,894
577,575
636,469		 2021
£
20,014
20,014
51,435
25,862
578,408
655,705
(60,354)
595,351
615,365
40,794
574,571
615,365

The Financial Statements were approved for issue by the Trustees on 11[th] November 2022 and signed on their behalf by:

Prof Stefan Allesch-Taylor CBE

Chairman

Page | 20

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

CASH FLOW STATEMENT for the year ended 31[st] March 2022

Reconciliation of net movement in funds
to net cash flow from operating activities
Net movement in funds
Bank interest
Depreciation
(Profit) / Loss on the disposal of fixed assets
(Increase) in stock
(Increase) / Decrease in debtors
(Decrease) / Increase in creditors
Net cash (used in) / provided by operating activities
Cash flows from investing activities
Bank interest received
Proceeds from the disposal of fixed assets
Payments to acquire fixed assets
Net cash (used in) investing
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash balances are held in the following locations
United Kingdom
Overseas
CASH BALANCES at 31st MARCH 2022
Analysis of changes in net debt		 2022
£
21,104
(19)
17,423
(2,509)
(39,854)
(134,743)
(22,712)
(161,310)
19
2,509
(19,791)
(17,263)
(178,573)
578,408
399,835
408,098
(8,263)
399,835		 2021
£
302,911
(8)
15,143
(224)
(7,837)
22,303
35,405
367,693
8
365
(8,473)
(8,100)
359,593
218,815
578,408
343,933
234,475
578,408

The charity had no net debt during the year

Page | 21

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] March 2022

1. ACCOUNTING POLICIES

Legal status of the Charity

Pump Aid is a company limited by guarantee incorporated on 4[th] November 1998. Its registered office is at 3[rd] Floor, 86-90 Paul Street, London, EC2A 4NE.

Basis of accounting

The Financial Statements have been prepared in accordance with the company's Memorandum & Articles of Association, the Companies Act 2006 and “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[st] January 2019)”.

The Company meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Pump Aid operates in Malawi as a registered NGO under the name of Pump Aid Malawi. In Malawi some of Pump Aid’s activities are delivered under the brand name of Beyond Water.

The accounting policies of the Charity have not changed during the period.

Preparation of the financial statements on a going concern basis

As stated on page 10 of the Trustees’ Report, Trustees believe there are no material uncertainties that call into doubt the Charity’s ability to continue as a going concern and the financial statements have therefore been prepared on the basis that the Charity is a going concern.

In reaching this conclusion, Trustees have considered the effect of Covid19 on the Charity which has been largely positive, due in part to Pump Aid’s reputation for flexibility which has enabled the Charity to redeploy staff from activities the pandemic made impossible onto programmes that were deliverable and fundable. In fact the Charity has started to receive requests from funders to apply for funds, as its reputation spreads and more funders want to fund the innovative approaches it is pioneering.

The Charity has continued to employ all its staff on a full-time basis and believes it can comfortably continue to underwrite its existing and future programme commitments. The pandemic has given its staff the opportunity to demonstrate their willingness to adapt, which has enabled the Charity to adapt its delivery models and, over time, it believes all of its current programmes can be realigned to operate in a post Covid19 world. The way its field teams have adopted new health and safety measures has also contributed to a greater awareness of hygiene and sanitation within the communities with which the Charity works.

While the pandemic has undoubtedly caused some disruption to the Charity’s fundraising and delivery, Trustees are confident that Pump Aid can continue as a going concern for the foreseeable future.

Functional currency

The financial statements are prepared in pounds sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

Income

Income is recognised when the Charity is entitled to the funds, any requirements attached to the income have been met, it is probable the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Page | 22

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all the costs related to a category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.

Expenditure is recognised once there is an obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Almost all costs are directly attributable to programmes and are recovered either by direct recharge or by apportionment. Unlike larger charities with substantial UK and overseas offices, Pump Aid has a very small central team which both develops and delivers programmes and, aside from the proportion charged to fundraising and governance, the payroll and occupancy costs of the central team are charged to the programmes they deliver.

Critical accounting judgements and estimation uncertainty

In the application of the charity’s accounting policies, trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Trustees do not consider there to be any critical accounting estimates or judgements in preparing these financial statements.

Pension costs

In Malawi, the Charity contributes to a defined contribution pension scheme and, in the UK, the Charity contributes to any personal scheme which meets its obligations under auto enrolment. The amounts charged in the financial statements are the employer’s contributions payable in the financial year.

Operating leases

Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight-line basis over the life of the lease.

Tangible fixed assets

Fixed assets are stated at cost less depreciation. They are depreciated at rates intended to reduce their cost to their residual value over their estimated useful life (currently 33.3% on a straight-line basis). Any asset costing less than £500 is fully depreciated in the year of acquisition. All assets are inspected regularly for any impairment and any defects fixed to maintain their value and usefulness.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. All financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Stock

Stocks are stated at lower of cost or net realisable value.

Page | 23

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any provision for bad and doubtful debts. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short-term, highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Foreign currency translation

Transactions in foreign currencies are translated into sterling at the average rate of exchange pertaining to the relevant accounting period. At each reporting date, monetary assets and liabilities denominated in foreign currencies are retranslated at the rates prevailing at the reporting date. Exchange differences are recognised through the Statement of Financial Activities.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Restricted funds are donations which the donor has specified are to be used solely for specific projects or for specific aspects of the Charity’s work to be delivered in specific locations.

2. DONATIONS AND VOLUNTARY INCOME

Donations
James Percy Charitable Foundation
Waterloo Foundation
Urenco Limited
Rotork PLC
Roland Fox and Colette Flanagan
Aspect Capital
Estate of Diane Burton
Medicor Foundation
Vibrant Village Foundation
The Funding Network
Charles Hayward Foundation
Gift Aid
Donations of less than £10,000 or Anonymous
Government grants
Innovate UK
UK FCDO
Concern Worldwide
Deferred donations
Donations deferred from the
previous year
Total Donations and Voluntary Income		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
123,916
123,916
10,000
111,000
121,000
-
81,000
81,000
-
45,000
45,000
10,000
-
10,000
20,000
-
20,000
12,922
-
12,922
-
-
-
-
-
-
-
-
-
-
-
-
11,755
-
11,755
87,478
35,950
123,428
152,155
396,866
549,021
-
24,472
24,472
-
11,674
11,674
-
6,242
6,242
-
42,388
42,388
28,350
-
28,350
,
180,505
439,254
619,759		 Unrestricted
Funds
Restricted
Funds
Total
2021
£
£
£
-
105,702
105,702
-
22,500
22,500
5,250
*
5,250
-
40,000
40,000
16,600
-
16,600
13,000
-
13,000
-
-
-
-
100,000
100,000
-
79,314
79,314
23,268
-
23,268
-
14,700
14,700
7,812
-
7,812
115,623
68,679
184,302
181,553
430,895
612,448
-
35,264
35,264
-
432,731
432,731
-
69,537
69,537
-
537,532
537,532
(28,350)
-
(28,350)
153,203
968,427
1,121,630

Page | 24

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

3. INCOME FROM CHARITABLE ACTIVITIES

Waiakea Springs
Thirsty Planet
Sales of pumps in Malawi
Other income
Income received in the year
Income deferred into following year
Total Income from Charitable Activities		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
166,900
-
166,900
131,862
-
131,862
96,903
-
96,903
1,433
-
1,433
397,098
-
397,098
(7,187)
-
(7,187)
389,911
-
389,911		 Unrestricted
Funds
Restricted
Funds
Total
2021
£
£
£
47,388
-
47,388
35,183
-
35,183
60,986
-
60,986
676
-
676
144,233
-
144,233
-
-
-
144,233
-
144,233

4. EXPENDITURE ANALYSIS

Costs of generating voluntary income
Charitable expenditure
Delivering water, sanitation and
hygiene improvement in Malawi
Governance costs
Total Expenditure		 Staff costs
Operational
costs
Total
2022
£
£
£
62,306
10,260
72,566
426,915
458,256
885,171
14,420
18,937
33,357
503,641
487,453
991,094		 Staff costs
Operational
costs
Total
2021
£
£
£
59,645
10,315
69,960
393,805
469,109
862,914
16,872
13,438
30,310
470,322
492,862
963,184

Costs of generating voluntary income include staffing, office and publicity costs related to fundraising.

5. STAFF COSTS

Gross emoluments
Employer’s social security costs
Pension contributions
Health insurance for staff in Malawi
Total Staff Costs		 Total
2022
£
431,662
7,098
42,646
22,235
503,641		 Total
2021
£
392,898
11,627
37,792
28,005
470,322

Key management personnel (KMP) of the Charity comprise the Trustees and the Joint Chief Executives. Remuneration of KMP (including employer’s social costs) was £148,053 (2021: £152,507). One employee earned between £60,000 and £69,999 in the year (2021: one) and one employee earned between £70,000 and £79,999 in the year (2021: one).

In Malawi, the Charity operates a defined contribution pension scheme, whose assets are held in an independently administered fund and in the UK it makes contributions to any personal pension scheme which meets its obligations under auto enrolment. Contributions payable by the Charity in the year amounted to £27,141 (2021: £22,717), these included contributions of £4,037 (2021: £5,725) payable by the Charity on behalf of higher paid staff.

Average number of staff excluding trustees
Based in Malawi
Based in the United Kingdom
Total Staff		 Total
2022
23.3
4.2
27.5		 Total
2021
23.5
3.5
27.0

Page | 25

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

6. GOVERNANCE COSTS

OVERNANCE COSTS
Governance costs comprise
Staff costs
Auditors’ remuneration
Premises, office costs and travel
Total Governance Costs		 Total
2022
£
14,420
16,774
2,163
33,357		 Total
2021
£
16,872
10,907
2,531
30,310

Governance costs comprise the costs of external audits, the costs of trustees’ meetings, the costs of statutory compliance and other costs incurred in the strategic oversight of the Charity.

7. TRUSTEES’ EMOLUMENTS AND REIMBURSED EXPENSES

No payments were made to any of the Charity’s Trustees in respect of their role as trustees during the financial year (2021: £nil) and no Trustees were reimbursed expenses (2021: £nil).

One trustee (Dave Waller), who has previously worked for a major NGO in Malawi, has been supporting the development of the Charity’s enterprise activities. Dave Waller was paid through the Charity’s UK payroll system and his total remuneration (including employer’s social costs) totalled to £4,370 (2021: £3,592). His employment complied with all aspects of UK charity regulation and he was excluded from any meetings at which his contract was discussed.

8. CORPORATION TAX

As a charity, Pump Aid is exempt from UK tax on income and gains to the extent that these are applied to its charitable objects. No UK tax charges have arisen during the year or in the previous year.

9. FIXED ASSETS

Cost or valuation at 1stApril 2021
Additions during period
Disposals during period
Cost or valuation at 31st March 2022
Accumulated depreciation at 1stApril 2021
Charge for the year
Depreciation on disposals
Accumulated depreciation at 31st March 2022
Net book value at 31st March 2022
Net book value at 31st March 2021		 Land
Fixtures and
Equipment
Motor
Vehicles
£
£
£
1,232
15,016
142,595
-
3,649
16,142
-
-
(17,242)
1,232
18,665
141,495
-
10,074
128,755
-
3,751
13,672
-
-
(17,242)
-
13,825
125,185
1,232
4,840
16,310
1,232
4,942
13,840		 Total
2022
£
158,843
19,791
(17,242)
161,392
138,829
17,423
(17,242)
139,010
22,382
20,014

Page | 26

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

10. STOCKS

OCKS
Stocks include small tools, fuel and materials used for building pumps
Stocks of finished pumps
Stocks of pump building materials
Other stock items
Total Stocks		 Total
2022
£
66,644
21,622
3,023
91,289		 Total
2021
£
41,209
7,875
2,351
51,435

11. DEBTORS

Trade debtors
Intercompany debtors
Other debtors
Prepayments
Accrued income
Total Debtors		 Total
2022
£
70,982
37,777
3,298
520
48,028
160,605		 Total
2021
£
9,343
-
15,009
1,510
-
25,862

Accrued income relates to funding for expenditure incurred in the year for which funding was received after it.

12. CREDITORS (amounts falling due within one year)

Trade creditors
Taxes and social security costs
Provision for redundancy and restructuring
Accrued audit fees
Deferred income
Total Creditors		 Total
2022
£
8,365
5,366
-
16,724
7,187
37,642		 Total
2021
£
9,415
1,525
9,889
11,175
28,350
60,354

13. MOVEMENT IN DEFERRED INCOME

OVEMENT IN DEFERRED INCOME
Deferred income at 1stApril 2021
Amounts released from previous years
Incoming resources deferred in the year
Deferred income at 31st March 2022		 Total
2022
£
28,350
(28,350)
7,187
7,187		 Total
2021
£
-
28,350
28,350

14. TRANSFERS BETWEEN FUNDS / PROGRAMMES

Most of the Charity’s restricted funds are received in respect of its enterprise and rural nursery (CBCC) programmes, which are often the subject of multi-year grant agreements that specify the dates on which grant instalments will be paid. For operational reasons, grant-funded activities are sometimes delivered earlier than the grant agreements presumed and, when this happens, funds are transferred from unrestricted reserves in the year in which the activity takes place and returned to unrestricted reserves in the year in which the related grants are received.

Page | 27

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

15. MOVEMENT IN FUNDS

OVEMENT IN FUNDS
Transfers
Balance at between Balance at
2022 1st April 2021 Income programmes Expenditure
31st		 March 2022
£ £ £ £ £
RESTRICTED FUNDS
WASH for vulnerable populations 40,794 184,188 - (166,088) 58,894
Enterprise for WASH and agriculture
Restricted FCDO/UKAID funds - 11,674 - (11,674) -
Other restricted funds - 30,714 - (30,714) -
Enterprise for repair and maintenance - 212,678 - (212,678) -
Movement in Restricted Funds 40,794 439,254 - (421,154) 58,894
UNRESTRICTED FUNDS 574,571 572,944 - (569,940) 577,575
Movement in Total Funds 615,365
1,012,198		 - (991,094) 636,469
Transfers
Balance at between Balance at
2021 1st April 2020 Income programmes Expenditure
31st		 March 2021
£ £ £ £ £
RESTRICTED FUNDS
WASH for vulnerable populations - 123,902 - (83,108) 40,794
Enterprise for WASH and agriculture
Restricted FCDO/UKAID funds - 215,218 - (215,218) -
Other restricted funds 44,408 347,169 (128,794)
(262,783)		 -
Enterprise for repair and maintenance
Restricted FCDO/UKAID funds - 217,514 - (217,514) -
Other restricted funds - 64,624 - (64,624) -
Movement in Restricted Funds 44,408 968,427 - (843,247) 40,794
UNRESTRICTED FUNDS 268,046 297,668 128,794 (119,937) 574,571
Movement in Total Funds 312,454
1,266,095		 - (963,184) 615,365
NALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
Total		 Unrestricted
Restricted		 Total
Funds Funds
2022		 Funds
Funds		 2021
£ £ £ £
£		 £
Fund balances at 31stMarch represented by:
Tangible fixed assets 22,382 -
22,382		 20,014
-		 20,014
Current assets 592,835 58,894
651,729		 614,911
40,794		 655,705
Current liabilities (37,642) -
(37,642)		 (60,354)
-		 (60,354)
Fund balances at 31st March 577,575 58,894
636,469		 574,571
40,794		 615,365

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

17. COMMITMENTS UNDER OPERATING LEASES

OMMITMENTS UNDER OPERATING LEASES
Within one year
Between two and five years
Total Commitments		 Total
2022
£
6,034
-
6,034		 Total
2021
£
-
-
-

Page | 28

Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

______________________

18. RELATED PARTY TRANSACTIONS

The Charity received funding in the year from Urenco Limited, a company that employs Gerard Tyler, one of the Charity’s trustees. Charitable donations made by Urenco are overseen by a grant making committee and are subject to a vetting and due diligence process in which Gerard Tyler took no part. There were no conditions attached to Urenco’s donation that would not have accompanied any other corporate donation.

19. SUBSIDIARY COMPANIES

The Charity has a wholly owned UK registered subsidiary, Beyond Water Limited (Company Number: 7387428. Registered Office: 86-90 Paul Street, London, EC2A 4NE), with an issued share capital of one share held by the Charity and Beyond Water Limited has a wholly owned Malawi registered subsidiary, Beyond Water Malawi (Company Number: 01756706. Registered Office: 14/211, off Presidential Way, PO Box 2712, Lilongwe), with an issued share capital of one share held by Beyond Water Limited.

20. POST BALANCE SHEET EVENTS

As stated on page 7, on 1st April 2022, Pump Aid Malawi began subcontracting some of partly commercial activities to Beyond Water Malawi, which (as stated above) is a wholly owned subsidiary of Beyond Water UK. Beyond Water UK and Beyond Water Malawi were dormant throughout 2021/22 and, as stated on page 10, Beyond Water Malawi is wholly dependent on income raised by Pump Aid UK and Pump Aid Malawi is ultimately liable for all expenditure incurred by Beyond Water Malawi. So the change to subcontracted delivery is not expected to have any impact on Pump Aid or its ability to raise funds.

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Trustees’ Report and Financial Statements for the year ended 31[st] March 2022

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GLOSSARY OF TERMS AND ABBREVIATIONS

BWM Beyond Water Malawi CBCCs Community Based Childcare Centres (rural nurseries for the under-5s) CLTS Community Led Total Sanitation CWP(s) Community Water Point(s) CWPC(s) Community Water Point Committee(s) DFID The UK Department for International Development DWO District Water Office ENTREPRENEUR A self-employed artisan or trader FCDO The UK Foreign, Commonwealth & Development Office (formed by the merger of DFID and the Foreign and Commonwealth Office) GDPR General Data Protection Regulations JMP Joint Monitoring programme of the WHO and UNICEF MVAC Malawi Vulnerability Assessment Committee NGOs Non-Governmental Organisations PAM Pump Aid Malawi SDGs The United Nations’ Sustainable Development Goals SELF-SUPPLY The delivery of incremental improvements to water for consumption and irrigation, financed by the users themselves See http://www.pumpaid.org/our-work/programmes/water UKAID Funds received from DFID or FCDO UNICEF The United Nations International Children's Emergency Fund WASH The collective term for Water, Sanitation and Hygiene interventions WHO World Health Organisation

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