Drop4Drop Limited
(A ci>mpany limlted by Euardnteel
charity No. 1115277
Cornpany No. 05704054
Trustees. Report and Unaudited Accounts
31 Marth 2023
'BCIEH8W*
1511212023
CC•APAAIES HOUSE
813

Drop4Drop Limited
Contents
Page5
Tru5tees' Annual Report
Independent Examiner's Report
Statement of Finanual Activities
2to5
Balance Sheet
Notes to the Accounts
9t016
Page I

DrOp4￿0p iimlted
Trustees Annual Report
The trustees. who are also dirertors of the charity forthe purposes of the Companies Act 2(MJ6.
present their report with the unaudited financol statements of the charity for the year ended 31
March 2023.
REFERENCE AND ADMINISTRATIVE o￿AlL$
Cornpany No. 05704054
Charlty No. 1115277
Registered Office
Ila North Street
Portslade
Eè.st S.yssex
8N41 IDH
Directors and Trustees
The Oirectors of the charitable company are its Trustees for the purposes of charity law.
The following Dirertors and Trustees Se￿ed during the year-
K.L. Barry
S.C. Kone¢ki
R. Leek
L. White
Directors of Corporate Trustees
S.C. Konecki
R.Leek
Accountsnts
Time Accounts Limited
Room 34
8asepoint Business Centre
Little High Street
Shoreham-by-sea
BN43 SEG
Page 2

Drop4Drop Llmlted
Trustees Annual Report
08JEcfivES AND AcnvmES
Objerts ond oims
Mission:
DROP4DROP believes everyone, everywhere, has the right to clean water. Access to clean water transforms
lives, creates opportunittes and lays the foundations for a brighter future.
Purpose:
DROP4DROP Iforthwith named as'the Charity'l is a pub14c benefit organisation that is committed to providing
clean water projects across the globe to communities without attess.
• The Charity, based in the United Kingdom, seeks to provide clean drinking bore-we115 across the globe to
communities living wtthout access. The Charity's goal is to strategise and implement tools and solutions to
alleviate the World Water Crisis
The Charity provides grants to in-country organisations to provide w5Eainable clean water solutions,
funded by vitsl donations from corporate and private indivKluals.
The Charity receives funding and operational support from Life UK Lid (mentioned forthwith as Th.¢
Busine￿,) to ensure operational costs are absorbed outside the Charity's financial structure.
• The Charrty ￿searCheS and implements the advancement of resources and methods to provide clean water
to communities living without access to clean water.
The Charity utilises partnerships with non-governmentsl organisations in the locations of work and
provides grants to outsource physical construLtion of wells. The Chafity's objettives are the ￿lief and
assistance of people in developing countries deprived of clean drinking water. In particular atteptin8.
administering and redistributing donations from the bottled water and soft drinks industry and investing
these donations in water projerts in afferted countries.
Public benefit
The significant activities undertaken by charity during the year are-
•Cirta 76 clean water projert5 construrted. roughly 58.800 people reached.
•lmplemented dean water projects in Uganda, across Mpigi Distrirt & Hoima Distrirt and Tamil Nadu. India.
•Water fI￿ration projert trials begun for collaboration proiert.
•Began work on projects in Senegal.
•Worked on collaborative clean water projects wtth a local NGO The Bulindi Chimpanzee and Community
Project.. a local NGO founded to help people and chimps co-exist. to build l)orehole wells outside the forest
to dissipate the conflict.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011
to have due regard to the public benefrt guidance published by the Charity Commission for Englènd and
Wales.
Going concern
After making appropriate enquirie5. the Trustees have a reasonable expectation that the company ha5
adequate resoLbrces to continue in operational existence for the foreseeable ftjture. For this reason, they
continue to adopt. the Boing concern basis in preparing the financial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting polbctes.
Page 3

Drop4Drop Limited
Trustees Annual Report
ACHIEVEMENT5 AND PERFORMANCE
Main achievements of the charity are as follows:
• C4rca 76 clean water projects constructed, roughly 58.800 people reached.
• Implemented clean water projects in Uganda. across Mpigi District"& Hoima District and Tamil Nadu, India.
Water filiration projert trials begun for collaboration project.
• Began work on projects in Senegal.
• Worked on collaboratNe clean water projects with a local NGO The BulindTr Chimpanzee and Community
Proje￿, a local NGO founded to help people and chimps C￿xiSt. to build borehole wells outside the forest
to dissipate the conflict.
FINANaAL REVIEW
Income for the year showed a good performance. The￿ continued to be a healthy income from the Charity's
primary business donor whose donations to the CharTty are based on the volume of customer sales. The
remainder of the income was received from other torporate and private donors.
The charty receives support from Life UK Ltd. which leaves funds fulty availab￿ for the priorities outlined in
Objectives and Activities
Policy on reserves
The Trustees are responsible for keeping proper accountin8 records that disclose with reasonable accuracy at
any time the financial position of the charity and to enab￿ them to ensure that the financial statements
comply with the Company Act 2￿6. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention ènd detertion of fraud and other irregularities.
The above report has been prepared in accordance wrth the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 21K16 and in attordance with the
Charities SORP IFRS 1021-
STRUCTURE, GOVERNANCE ANO MANAGEMENT
Nature of 8ovefnin8 docyment
The company is re8lStered as a charitsble company limited by guarantee and was set up by a Trust deed.
The tompany is constituted underthe Articles of Assocbation and is re8lStered charity number 1115277.
Recruitment and appointment of twstee
In order for a new trustee to be appointed. a meeting should be arranged with the proposed appointment to
be outlined and followed as such
•The meeting is to be set and objectives set by the Founder:
•AII Trustees must be in attendance:
•The:Trustee must carefvlly consider the eligibility and appropriateness of the proposed trustee:
•A majority vote must be agreed before appointing new Members of the board.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply wtth the Companies Att 21x16. The Trustees are also ￿sPOnsIble for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4

Drop40rop Limited
Trustees Annual Report
The above report has been prepared in attordante with the provisions applicable to tompanies subjett to
the small companies regime as set out in Part 15 of the Companies Art 2LK16 and in accordance with the
Charities SORP IFRS 102).
Signe(l on behalf of the board
K.L. Barry
Tr
tee
11 k33
Page 5

Drop4Drop Limited
Independent Examiner5 Report
Independent Examiner's Report tothe trustees of Dffop4￿p Limit
I report to the.charity trustees on my examination of the financial statements of Drop4Drop Limited for the
year ended 31 March 2023 vthich comprise the Statement of Financial Activities. the Sumrnary Income and
Expenditure Account. the Balance Sheet and the related notes.
Responsibilities and bas•$ of rewt
A5 the trustees of the charity land also its directors for the purposes of company lawl you are responsible for
the preparation of the financial statements in accordance with the requirements ot the Companies Act 2006
I'the 2(K)6 Art.
Having satisfied myself that the financial statements of the charity a￿ not ￿qUired to be audited under Part
16 of the 2006 Ad and a￿ eligible for independent examination. I report in respect of my examination of
your charity's financial statements as carried out under sertion 145 of the Charities Art 20111'the 2011 Art'l.
In carrying oul my examination I have followed the Directions given by the Charty Commission under section
1451Sllbl ol the 2011 Art.
Independent examiner's ststement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination gbving me cause to believe that=
• accounting records were not kept in accordance with section 386 of the 2￿6 Act . or
the financial statements do not accord with those records: or
• the financial statements do not comply with the accounting requirements under sertion 396 of the 2006
Act other than any requirement that the financial statements gNe a 'true and fair. view which is not
matter considered as part of an independent examination- or
• the financial statements have not been prepared in accordance with the Charities SORP IFRS 1021.
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 understsnding of the financial
statements to ke reached.
Mrs Hannah Thatcher, FCA LLB
Institute of Chartered Accountants England & Wales
Room 34
Basepoint Business Centre
Little High Street
Shoreham-by-sea
BN43 SEG
Page 6

Drop4DTOP Limited
Statement of Financial Arti¥ities
lor the year ended 31 Marth 2023
Unrestricted
funds Totalfund5 Total funds
2023
2023
2022
Notes
Income and endowments
Donation5 and legacies
Other
171,074
171.074
163.192
11.467
Total
171,074
171.074
174,659
Expenditure on:
Charitable activities
Other
239.072
57
239,072
57
103.245
Total
239.129
239.129
103,250
Net 8ains on investments
Net lexpendltureifincome
Transfers between funds
168.0551
168,0551
71,409
Net lexpenditure)lincorne
befve other galnslllossesl
168.0551
168.0551
71,409
Other gains and losses
Net rnovement in funds
168,0551
168,0551
71,409
Reconciliation of funds:
Total funds brought forward
303.604
303.604
232.195
Total funds carried forward
235,549
235,549
303,604
Page 7

brop4Drap Llmited
Balance Sheet
at 31 March 2023
Company No. 05704054
2022
Current assets
Debtors
Cash at bank and in hand
io
9,796
296,334
306,130
12.5261
303,604
230,680
238,740
13.1911
235.549
Credlt¢xs: Amount fallrne due within one year
Net current assets
li
Tolal a55ets less current l•abilities
235.549
303,604
Net assets exduding pensi¢)fi asset ry liablllty
235.549
303,604
T￿al net assets
235,549
303,604
The funds of the tharity
Restrirted funds
Unre￿ntIed funds
General funds
Others
12
12
235.549
263,628
39,976
235.549
303,604
12
Total funds
235,549
303.604
These accounts have been prepared in accordance wtth the special provisions of Part 15 of the Companie5
Act 2006 relating to small companies.
For the year ended 31 March 2023 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small compantes.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Art 2006.
The trustees acknowledge their responsibilit￿ for complying wrth the requirements of the Companies Act
2006 with respect to accountine records and the preparation of accounts.
Approved by the board on 11 De¢wkn 1013
And signed on its behalf by=
Barry
T.rustee
Page 8

Orop4Drop Limited
Notes to the Accounts
for the year ended 31 March 2023
l Accounting policies
Statement of Compliance
The financial statements have been p￿pared in accordance with 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 Rewblic of Ireland IFRS 1021 (effective I
January 20191- (Chartties SORP 2019 IFRS 10211. the Financial Reportire Standard applicable in the UK
and Republic of Ireland IFRS 1021 and the Companies Art 2006 and Charities Art 2011.
Basls of preparatlon
Drop4Drop Ltd meets the definition of a publK benefrt entity under FRS 102. Assets and Liabilities a
initially recognised at historical cost or transaction value unless otherwise stsied in the relevant
accounting policy notes.
Chan8e in basi5 of accountin8 or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accountingl since
last year and no changes have been made to atcounts for previous years.
Fund accounling
Unrestricted funds These are available for use at the discretion of the trustees in furthernnce of the
general objects of the charity.
DesFdnated funds
These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation fvnds
These are unrestricted fvnds which include a revaluation reserve representin8 the
restatement of investment assets at their market values.
Restrirted funds
These are available for use subject to restrictions imposed by the donor or through
terns of an appeal.
Income
"Recognition of
tncome
Income is included in the Statement of Financial ActNities ISOFAI when the charity
becomes entitled to. and virtually certain to recesve. the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reporterfgross in the SOFA.
Donations and
Donations are ￿OgnISed when the charity has been nottfied in writing of both the
amount and Sett￿rnent date. In the event that a donation is subject to conditions
that require a ￿Ve1 of performante by the charity before the charity is entitled to
the funds. the incorne is deferred and not recogntsed until either those conditions
are fully met. or the fuifilment of those conditions is wholly within the control of
the charity and rt ts probable that these conditions will be fulfilled in the reporting
period.
legacie5
Page 9

Drop4Drop Lifflited
Notes to the Accounts
Expenditure
Recognition of
expenditure
All expenditure 15 recognised once there is a legal or constNctive obligation to that
expenditure. it is probable settlement is required and the amount tan be measured
reliabty. All costs are allocated to the applicable expenditure heading that
aggregate similar tosts to that category. Where costs cannot be directly attributed
to particular headin85 they have been allocated on a basis consistent with the use
of resources. with central staff costs allocated on the basis of time spent. and
depreciètion charges allocated on the portion of the asset's use. Other support
costs are allotated based on the spread of staff costs.
Expendi(ure on
raising funds
These comprise the costs associated wilh attracting voluntary income, fundraisinE
trading costs and investment management costs.
Expenditure on
Charitable expendtture comprises those costs incurred by the charity in the delivery
charitable activities of its activrties and ser¥ites for its beneficiaries. It includes both costs that can be
allocated dirertty to such artivities and those costs of an indireot natu￿ n¢cessary
to support them.
Grants payable
All grant expenditu￿ is accounted for on an actual paid basis plu5 an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance costs
These include the costs attributable to the charty's compliance wtth constitutional
and statutory reqU1￿Ments, including audiL Strategic management and tru5tees'5
meetings and reirnbur5ed expenses.
Other expenditure
These are support costs not allocated to a particular activity. Support costs include
central functions and have been allocated to artrvity cost categories on a basis
consistent with the use of resources. for example. allocating property costs by floor
areas. or per capita. staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a Charitab￿ company for UK corporation tax purposes. Accordingly.
the charity is potential￿ exempt from taxation in respect of income or capttsl gains received within
categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation
of Chargeable Gains Aci 1992. to the extent that such income or gains are applied exclusrvely to
charitable purposes.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business. Trade debtors are recognised initially at the transaction price. They are
subsequently measured at amortised cost using the effecthve interest method. less provision for
impairment. A provision for the impaiment of trade debtors is established when there is objective
evidence that the charity will not be able to collect all amounts due accofdin8 to the original terms of the
receivables.
Accrued income relates to money the charity is due to received in relation to donation5 1 grants byt has
vet to be received, and for which an invoice I request for funds has yet to be made to the donor.
Page 10

Drop4Dr(w Limited
Notes to the Accounts
Cash and cash equi¥alents
Cash and cash equivalents comprise cash on hand and tall deposits. and other short-term highly liquid
investments that are readily convertible to a known amount of cash and a￿ subject to an insignrfKant
risk of change in value.
Trade and other creditors
Trade creditors are obligations to pay for goods or serv￿$ that have been acquired in the ordinary
course of business trom suppliers. Accounts payable are classTf*d as current liabilities if the charity does
noi have an unconditional right, at the end of the reportin8 period. to defer settlement of the creditor
for at least twelve months after the reporting date. If there is an unconditional right to defer settlement
for at least twefve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initialEy at the transaction prKe and subsequently measured at amorti5ed
t05t using the effective interest method.
Pension costs
The charity operates a defined contribution plaft for its employees. A defined contribution plan is
pension plan under which the company pays fixed contributions into a separate entty. Once the
contributions have been paid the company has no further payments obligations. The tontributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Fund structure
Unrestricted income funds are general fvnds that are available for use at the trustees discretion in
furtherance of the objertives of the charity.
Financial instruments
Classification
Financial assets and finanaal liabilities are recognised when the charity becomes a party to the
contractual provisbons of the instrument.
Financial liabilities and equity instruments are tlassified according to the substance of the contractual
rrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the charily after dedurting all of its liabilities.
Goin8 concenb
The trustees consider ihat the￿ are no material uncertainties about the charity's ability to continue as a
going concem nor any signrfTrnt areas of.uncertainty that affect the carrying value of assets held by the
charity.
Exemption from preparing a cash Ilow statement
The charity hs exempt from preparation of a cash flow statement.
Page 11

Orop4Drop Llmited
Notes to the Accounts
Z Charity status
The charity is incorporated in England and Wa￿5 and is limited by guarantee and consequently does not
have share capttal. Eath of the trustees is liable to contribute an amount not exceeding £1 towards the
assets of the charity in the ￿ent of liquidation. The charrty is incorporated in England and Wales.
The address of its registered office is-
Ila North Street
Portslade
East Sussex
BN41 IDH
3 Slaternent of Financial Arti¥ities- prior year
Vnrestrirted
funds Totsl fvnds
2022
2022
Income and endowments from:
Donations and legac￿5
Other
163.192
11,467
163,192
11.467
Total
174.659
174,659
Expenditure on:
Charitable artNitres
103.245
103.245
Other
Totsl
103.250
103,250
Net income
71,409
71,409
Net income before other
gainslllossesl
Other gains and losses:
71.409
71,409
Net movement in funds
71.409
71,409
Reconciliation of funds:
Total funds bro¥Jght forward
ToLIl funds carried forward
232.195
232.195
303,604
303,604
4 Income frorn donati¢)ns and legaues
Unrestricted
Total
Total
2023
2022
Charity incoming resources
Iprojectsl
171,074
171,074
163,192
171,074
171.074
163,192
fjrants reteived are unrestricted but are to be.used by the charity in furtherènts of its mission and to be
provided to ￿CIplent institutions to be used for the purposes of clean water projects.
Page 12

Drop4ttrop Umlted
Notes to the Accounts
S Other income
Total
Total
2023
2022
Furlough income IHMRCI
11,467
11,467
6 Expenditure on tharitsble arti¥ities
UnrestrKted
Total
2023
Total
2022
Expenditure on chGritoble
octivities
Grants made
162.126
162,126
62,423
Governonce costs
Allocated support cost-
wa8es & salaries
Allocated support cost-Nl &
tax
63.347
63.347
35,387
1,701
1,701
Allocated support
cost-pension
oiher governance cost
1.417
1.417
7.25
10.481
10.481
4.710
239,072
239,072
103.245
7 Analysis of gTrnts
Gfants to
Activity or programme
Institutions
Total
Total
2023
2022
Clean water project in India
Clean water project in
Uganda
116.472
116,472
56,859
45.654
45,654
5,564
162,126
162,126
Grants for clean water projects in Tamil Nadu. India were paid out to the following organisations.
New Entity of Welfare Society INEWSI.
Grants for clean water projects in the Hoima District. Uzanda and Mpigi DistricL Uganda were paid out to
tme following organisations.
Kituntu Women's A550ciation
The provision of grants to such institutes are unrestricted but are to be used for the purpose of clean
water projects.
Page 13

Drop4Drop Llmlted
Notes to the Accounts
8 oiher expenditure
Unrestricted
Total
Total
2023
2022
8ank charges
57
57
57
57
9 Stiff costs
2023
1.417
1,417
2022
Pension costs
725
725
No employee received emoluments in ex￿$5 of £60.CrfXI.
The average rnOnth￿ number of full time equNalent employees during the year was as follows..
20Z3
2022
Number
Number
10 Debtors
2013
2022
Prepayments and accnjed income
8,060.
8,060
9,796
9,796
11 Creditors:
amounts falling due within one year
2023
2022
Trade creditors
Other taxes and social security
Other creditors
Accru315
106
78
1.058
225
776
172
1.802
3.191
1.500
2.526
Page 14

Drop4Drop Llmlted
Notes to the Accounts
12 Movement in funds
Incomlng
At31
March
2023
lindudln8
At I April
other
2012 pinsllow)
Resources
expended
Gross
transfers
Restrirted funds".
Unrestricted lunds:
General funds
263,628
171,074
1239,1291
39.976
235.549
Designated funds:
Other reserves
39.976
139,9761
Totol
39.976
139,9761
Tt)tsl lunds
303.604
171,074
1239,1291
235,549
During the year other reserves comprising fvrlough income receive during the Co¥id-19 pandemic was
transferred to general reserve available for use by the charity.
Previous year
At31
At l April
2021
Incoming
Resources
resources experHled
March
2022
Unrestricted funds:
General funds
203.686
28,509
163.192
11,467
1103.250)
263.628
39,976
Other reserves
232,195
174,659
1103.2501
303,604
13 Analysis of net assets between funds
Unrestricted
Total
lunds
Current assets
Current liabilities
Total net assets
238,740
13.1911
235.549
238,740
13,1911
235.549
At31
Unrestricted
fvnds
March
14
2022
Current assets
Current liabilities
306,130
12,5261
303,604
306,130
12,5261
303,604
Total net assets
Page 15

Drop4Drop Llmlted
Notes to the Accounts
15 Reconciliation of net debt
At31
March
2023
At IApril
2022 Cash Ilows
Cash and cash equivalents
296,334
296,334
165.6541
165.6541
230,680
230.680
Net debt
296.334
165,6541
230,680
16 Commitments
Pension commitments
2023
2022
The pension cost charge to the company
amounted to:
1.417
725
Unpaid contributions due to the fund are
included in other creditors and amounted to:
225
172
17 Relaied party disclosures
2023
202Z
Tron5othons wlth relatedpqrties
Name of reloted party
K.L. Barry
Description of relotionship
between the porties
Descriptton of transartion
Trurtee of the charity is also director of UK
ond oenerul amounts
company. Life UK b"mited. Durin8 the year.
involved
charity received charitable dDnatK•n of
Amount duefrom/fto) the relotedpoty
Trustee
77,470
81,609
Nome of rèlatedporty
De5CflPtion of relotionship
between the porties
S.C. Konecki
Trustee
Trustee of the charity is also director of UK
company, Life UK Limited and Fartory 21
Limited. During the year. charity re￿IVed
charitable donation of
Amount duefrom/ltoJ the relotedpoty
Controlling porty
Description of tn7nsartion
und generol omounts
involved
77.7C(I
81.609
The company is limited by guarantee and has no share capital.. thus no sinere party controls the company.
Page 16