Drop4Drop Llmlted
(A company Ilrnfted by guarantee)
Charfty No. 1115277
Company No. 05704054
Truste￿ Report and Unaudlted Accounts
31 ￿Tch 2024

Drop4Drop Limited
Pages
2to4
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
8t015
Page I

Drop4Drop Llrnlted
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Company No. 05704054
Charlty No. 1115277
Registered Office
Unit 21 Mackley Industrial Estate
Small Dole
Henfield
BN5 9XR
Dlrectors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year..
K.L. Barry
S.C. Koneckl
R. Leek
L. White
Dlrectors of Corporate Trustees
S.C. Konecki
R.Leek
Accountants
rime Accounts Limited
Room 34
Basepoint Business Centre
Llttle High Street
Shoreham-by-sea
BN43 SEG
Page 2

Drop4Drop Llmlted
Trustees Annual Report
srRucfuRE. GOVERNANCE AND MANAGEMEKr
Nature of governing document
The company is registered as a tharitsble company limited by guarantee and was set up by a Trust deed.
The company is constituted under the Artides of Association and is registered charity number 1115277.
Recrultment and appolntment of trustee
•The meeting is to be set and objectives set by the Founder.
•AII Trustees must be in attendance:
•The Trustee must carefully consider the eligibility and appropriateness of the proposed trustee.
•A majorlty vote must be agreed before appointing new members of the board.
OBJECTIVES AND AcnvmES
Objerts ond alms
Mlsslon;
DROP4DROP believes everyone. everywhere, has the rtht to clean water. Access to clean water transforms
lives, creates opportunities and lays the foundattons for a brighter fvture.
Purpose:
DROP4DROP (forthwith named as 'the a)arttV) Is a publlc benefft organlsatlon that Is commltted to providing
clean water projects auoss the globe to communities without acces
. The Charlty, based In the United Kin8dom, seeks to provlde clean drfnklng bore-wells across the 8lobe to
communltles Ilvlng wlthout access. The Charity's goal Is to strategtse and Implement tools and solutlons to
allevlate the World Water Crlsis
• The Charity provldes grants to In-country organlsatlons to provlde sustainable clean water solutlons,
funded by vital donations from corporats and prlvate Indlvlduals.
. The Charity recelves funding and operational support from Life UK Ltd (mentloned forthwlth as The
Buslness,) to ensure operatlonal costs are absorbed outside the Charity's financial structure.
. The Charlty researches and implements the advancement of resources and methods to provide clean water
to communlt*s living without access to clean water.
• The Charlty utlllses partnerships with non-governmental organisatlons In the locatlons of work and
provides grants to outsource physical constructlon of wells. The Charity's objectlves are the rellef and
asslstance of people in developin8 countries deprived of dean drinkin8 water. In particular acceptin&
admlnlsterlng and redlstrilxrting donations from the bottled water and soft drinks industry and investin8
these donations in water projects in affected countries.
Public benefrt
The significant activities undertaken by charity during the year are:
•Clrca 48 clean water projects construtted, roughly 24,000 people reached.
•lmplemented clean water projects in Uganda. across Mpigi District & Hoima Distri¢ Zambia. Kenya and
Tamil Nadu. India.
•Began work on projects In Kenya and Zambia.
•Contlnued work on developin8 our carbon offsetting programme in Uganda.
Page 3

Drop4Drap Llmlted
Trustees Annual Report
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 benefit guidan￿ publlshed by the Charity Commission for England and
Wales.
Going concern
After making approprlate enqulries, the Trustees have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements. Further details regardlng the
adoption of the going concern basis can be found in the accounting policies.
ACHIEVEMENTS AND PERFORMANCE
Maln achlevements of the charlty are as foll0v￿.
•Clrca 48 clean water projects constructed, roughly 24,000 people reached.
•lmplemented clean water projects in Uganda, across Mpigi District & Hoima District. Zambia. Kenya and
Tamll Nadu, India.
•8egan work on projects in Kenya and Zambla.
•Continued work on developing our carbon offsetting programme in Uganda.
FINANCIAL REVIEW
The charlty continues its SUPPOrt to ongolng projects. Expendlture Is Incurred In furtherance of the charlty
priorities as outllned In its Objectives and Activities.
The char5ty has significant reserves which the Trustees c105ely monitor.
Policy on reserves
The charity will ensure there are always funds available for prior5ties and will analyse all commltments to
ensure efficiency without overspend.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial posltion of the charlty and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable step5 for the prevention and detectlon of fraud and other irregularlties.
The above report has been prepared in accordance wlth the provislons applicable to companies subject to
the small companies regime as set out In Part 15 of the Companies Act 2006 and in accordance with the
Charltles SORP (FRS 1021.
Signed on behalf of the board
K.L. Barry
Trustee
Page 4

Drop4Drop Llmited
Independent Examlners Report
Independent Examiner's Report to the trustees of Drop4Drop Umlted
I report to the charity trustees on my examination of the financial statements of Drop4Drop Limited for the
vear ended 31 March 2023 which comprise the Ststement of Financial Activities. the Summary Income and
Expenditure Account, the Balance Sheet and the related notes.
Responslbllltles and bas15 of report
As the charity's trustees of the company land also Its dlrectors for the purposes of company law) you are
responslble for the preparatlon of the financial statements in accordan￿ wlth the requirements of the
Companles Act 2006 l*he 2006 Act.
Having satisfled myself that the financial statements of the Charity are not required to be audSted under Part
16 of the 2006 Art and are eligible for Independent examlnatlon, I report In respect of my examination of
your charity's flnancial ststements as carrled out under section 145 of the Charities Act 2011 ('the 2011 Act,).
In carrylng OLrt my examSnation I have followed the Dlrertlons glven by the Charlty Commlsslon under sectlon
145{5) (bl of the 2011 Act.
Independent examlner's statement
I have completed my examlnatlon. I can conflrm that no materlal matters have come to my attentlon in
connectlon wlth the examlnatlon glvlng me cause to belleve:
accountlng records were not kept In accordance wlth sectlon 386 of the 2006 Act . or
the flnancial statements do not accord with those records; or
the financlal statements do not comply with the accounting requirements under sertlon 396 of the 2006
Art other than any requlrement that the financial statements 8lve a 'true and falr, vlew whlch Is not a
matter consldered as part of an Independent examlnatlon; or
the flnancial statements have not been prepared In accordance wlth the methods and prlnclples of the
Statement of Recommended PractSce for accountlng and reportlng by charltles appllcable to charltles
preparing thelr accounts In accordance wlth the Financial Reporting Standard applicable in the UK and
Republlc of Ireland (FRS 102).
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to which
attentlon Should be drawn in this report In order to enable a proper understandin8 of the flnanclal
statements to be reached.
Mrs Hannah Thatcher, FCA LLB
InstStute of Chartered Accountants England & Wales
Time Accounts Limited
Room 34
Basepolnt 8uslness Centre
Little High Street
Shoreham-by-sea
BN43 SEG
Page 5

Drop4Drop Llmlted
Statement of Flnanclal Actfvltles
for the year ended 31 Marth 2024
Unrestrirted
funds Total funds Totsl fvnds
2024
2024
2023
Notes
Income and endowments
Donations and legacies
83.642
83,642
171,074
Total
83,642
83.642
171,074
Expendlture on:
Charitsble activities
Other
149,468
68
149,468
239,072
57
Total
149.536
149,536
239,129
Net gains on investments
Net expendlture
Transfers between fvnds
{65,894)
{65,8941
168,055)
Net expendlture before other
sain51{105ses)
(65,894)
(65,894)
{68,055)
other galns and1055e5
Net movement in fvnds
(65,8941
(65,894)
168,055)
Reconclllatlon of funds:
Total funds brought forward
235,549
235,549
303,604
Total funds carrfed forward
169.655
169.655
235,549
Page 6

Drop4Drop Llmlted
Balan￿ Sheet
at 31 March 2024
Company No. 05704054
Notes
2024
2023
Current assets
Debtors
Cash at bank and in hand
21,785
150,580
172,365
12,710)
169.655
8,060
230,680
238,740
{3,191)
235,549
235,549
235,549
Credltors: Amount falling due wlthln one year
Net current assets
10
Total assets less current Ilabllltles
169,655
Net assets ex¢ludln8 penslon asset or Ilablllty
169,655
Total net assets
169.655
235,549
The lunds of the charfty
Unrestrlcted funds
General funds
11
169,655
235,549
169,655
235,549
Total funds
169,655
235,549
These accounts have been prepared In accordance wlth the speclal provlslons of Part IS of the Companles
Act 2006 relatln8 to small companSes.
For the year ended 31 March 2024 the company was entltled to exemptlon under see£lon 477 of the
Companles Act 2006 relating to small companles.
The members have not requ5red the company to obtsln an audlt In accordance wlth sectlon 476 of the
CompanSes Act 2006.
The dirertors acknowledge theSr responslbllltles for complylng wlth the requlrements of the Companles Act
2006 wlth respect to accountSng records and the preparatlon of accounts.
Approved by the board on 31 March 2024
And slgned on fts behalf by:
K.L. Barry
Trustee
Page7

Drop4Drop Limited
Notes to the Accounts
for the year Lsnded 31 March 2024
l Accountlng polldes
Statement of Compliance
The financial statements have been prepared in accordan￿ with Accounting and Reporting by
Charltles: 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) (effertive l January 2019) - (Charltles SORP {FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006 and Charities Act
2011.
Bas15 of preparatlon
Drop4Drop Ltd meets the definition of a public benefft entity under FRS 102. Awts and Liabilities are
initially reco8nised at historical cost or transaction value unless otherwise stated in the relevant
accountlng pollcy notes.
Change In basls of accountlng or to prevlous accounts
There has been no change to the accounting policies (valuation rules and method of accountln8) slnce
last year and no chan8es have been made to accounts for prevlous years.
Fund accountlng
Unrestrlcted funds These are available for use at the dtscretlon of the trustees in furtherance of the
general objects of the charlty.
These are unrestricted funds eamiarked by the trustees for particular purposes.
These are unrestricted funds whith include a revaluatlon reserve representing
the restatement of investment assets at their market values.
These are available for use subject to restrlctlons Imposed by the donor or
through terms of an appeal.
Deslgnated funds
Revaluatlon funds
Restrlcted funds
Income
Recognitlon of
Income
Income Is included in the Statement of Financial Artfvltles {SoFA) when the
charity becomes entitled to, and virtually certain to receive, the Income and the
amount of the income can be measured wlth sufficient reliability.
Income with related Where income has related expenditure the income and related expendlture Is
expenditure
reported gross In the SOF
Donations and
legacles
Voluntary income received by way of 8rants. donations and gffts Is Included in the
the SOFA when recelvable and only when the Charity has unconditional
entitlement to the income.
Page 8

Drop4Drop Llmlted
Notes to the Accounts
Expenditure
Recognition of
expenditure
All expenditure is recognised once there is a legal or constructive obligation to
that expenditure, it is probable settlement is required and the amount can be
measured reliabty. All costs are allocated to the applicable expenditure heading
that aggregate similar costs to that category. Where costs cannot be directly
attributed to particular headings they have been allocated on a basis consistent
with the use of resour￿. with ￿ntral stsff costs allocated on the basis of time
spent. and depreaation charges allocated on the portion of the asset's use. Other
support costs are allocated based on the Sp￿ad of staff costs.
Expendlture on
These comprlse the costs associated wlth attracting voluntsry income,
raising funds
fundraising tradin8 costs and investment management costs.
Expenditure on
Charitable expenditure comprises those costs incurred by the charity in the
charitable artivitie5 delivery of its activities and services for its beneficiaries. It includes both costs
that can be allocated directly to such activit*s and those costs of an indirect
nature necessary to support them.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include the costs attributable to the charity's compliance with
constitutional and statutory requirements. including audiL strategic management
and trustees's meetings and reimbursed expenses.
These are support costs not allocated to a particular activity. Support costs
include central functions and have been allocated to actNity 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.
Grants payable
Governance costs
Other expenditure
Taxallon
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 charitable company for UK corporation tax purposes.
Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains
ceived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256
of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied
exclusively to charitsble purposes.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services perfomied in the
ordinary course of busine55. Trade debtors are recognised initially at the transattion price. They are
subsequently measured at amortised cost using the effective interest method, less provision for
impairment. A provision for the impairnient of trade debtors is established when there is objective
evidence that the charity will not be able to collect all amounts due according to the original terms of
the receivables.
Accrued income relates to money the charity is due to received in relatbon to donations / grants but has
yet to be received. and for whith an Invol￿ / request for funds has yet to be made to the donor.
Page 9

Drop4Drop Llrnlted
Notes to the Accounts
Cash and o5h equivalents
Cash and cash equ¢valents comprise cash on hand and call deposits. and other short-terni highly liquid
investments that are readity convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Trade and other creditors
Trade credltors are obl¥ations to pay for goods or serytces that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the charity
does not have an unconditional right. at the end of the reporting 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 twelve months after the reporting date. they are presented as non-current
Ilabilities.
Trade creditors are recognised initialty at the transactlon prlce and subsequently measured at
amortised cost Uslng the effertlve Interest method.
Penslon costs
The charity operates a deflned contrlbution plan for its employees. A deflned contrlbutlon plan Is
penslon plan under which the company pays fixed contributions into a separate entity. Once the
contrlbutlons have been paid the company has no further payments obligations. The contrlbutlons 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 bndependently admlnistered
funds.
Fund structure
Unrestricted income funds are general fvnds that are avallable for use at the trustees discretlon in
rtherance of the objectwes of the charity.
Flnandal Instruments
aosslflcatlon
Financial assets and financlal Ilabllltles are recogntsed when the charity becomes a party to the
contractual provlslons of the instrument.
Flnancial liabilities and equity instruments are classified accordin8 to the substsnce of the contractual
arrangements entered into. An equity instrument is any contratt that eviden￿$ a resldual Inte￿5t in
the assets of the charity after deducting all of its liabilities.
Goln8 concern
The trustees consider that there are no material un￿rtaIntleS about the charity's ability to contlnue as
a going concern nor any slgnificant areas of uncertainty that affect the carryin8 value of assets held by
the charlty.
Exemptlon from preparfng a cash flow statement
The charity is exempt from preparation of a cash fiow statemenL
Page 10

Drop4Drop Limited
Notes to the Accounts
2 thaiity ststus
The charity is Incorporated in England and Wales and is limited by guarantee and consequently does
not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation. The charity is incorporated in England and Wales.
The address of its registered Offi￿ is:
Unit 21 Mackley Industrial Estate
Small Dole
Henfield
BN5 9XR
3 Statement of Fjnancial Activities- prior year
Unrestricted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacies
Total
171.074
171,074
171,074
171,074
Expendlture on:
Charitable activities
239,072
57
239,072
57
Other
Total
239.129
239,129
Net incorne
(68,055)
168,055)
Net Income before other
galns/{losses)
Other galns and losses:
Net movement In funds
168,055)
{68,055)
{68,0551
(68,055)
Reconciliatlon of fvnds:
Total funds brought forward
Total funds carried forward
303.604
303,604
235,549
235,549
4 Income from donatlons and legades
Unrestrlcted
Total
Total
2024
2023
Charity incoming resources
(projects)
83,642
83.642
171,074
83,642
83.642
171,074
Grants received are unrestricted but are to be used by the charity in furtherance of its mission and to
be provided to recipient institutions to be used for the purposes of clean water projects.
Page 11

Drop4Drop Limited
Notes to the Accounts
5 Expendlture on tharitable actlvltles
Unrestrfcted
Totsl
2024
Total
2023
Expenditure on charitable
activities
Small costs {Projects)
Grants made
258
258
88,104
88,104
162.126
Governonce costs
Allocated support cost-
wages & salaries
Allocatsd support cost-Nl &
tax
Allocatsd support
cost-pension
Other governan￿ cost
46,636
46,636
63,347
1,701
1,013
1,013
1,417
13,457
149,468
13,457
149,468
10,481
239,072
6 Anatysis of grants
Artivity or programme
Total
2024
Total
2023
Clean water project in Indla
Clean water project in
Uganda
Clean water project in
Zambia
27,914
116.472
43,577
45,654
8,960
Clean water project in Kenya
7,653
88,104
162,126
Grants forclean water projects in Tamil Nadu, Indla were pald out to the following organisations-
RCLWA- Rural Christian Lepers Welfare Association.
Grants for clean water projects in the Hoima Distrirt, Uganda and Mpigi District, Uganda were paid out
to the followlng organisat5ons- Kituntu Women's Association
Grants for clean water projects in Kenya were paid out to the following organisation - Well Boring
Grants for clean water projects In Zambla were pald out to the followlng organlsatlon - Vlllage Water
Zambia.
The provision of grants to suth Instltutes are unrestrlcted but are to be used for the purpose of clean
water projects.
Page 12

Drop40rop Llmlted
Notes to the Accounts
7 Other expendlture
Unrestricted
Total
Total
2024
2023
General administrative costs
68
68
57
68
68
57
8 Staff costs
2024
2023
Pension costs
1.013
1.013
1,417
1,417
No employee re￿iVed emoluments in excess of £60.000.
The average monthly number of full time equivalent employees during the year was as follows:
2024
Number
2023
Number
9 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
21,785
8.060
8,060
21,785
10 Credltors:
amounts falling due within one year
2024
2023
Trade creditors
Other taxes and social security
Other creditors
Accruals
160
106
1,058
225
1,802
3,191
657
225
1,668
2,710
Page 13

Drop4Drop Limited
Notss to the Accounts
11 Movement in funds
Incomlng
(includlng
At l Aprfl
other
2023 8alns/1¢￿Sj
Resources
expended
At 31 March
2024
Unrestrlcted funds:
General funds
235549
83.642
1149,536)
169,655
Total funds
235.549
83,642
(149.536)
169,655
Prevlous year
Incomlnz
Ilndudin8
At l Aprfl
other
2022 galnsllosses)
Gross At 31 March
transfer
2023
expended
Unrestrfcted fund5:
General funds
Deslgnated funds:
Other reserves
Total
263.628
171,074
(239,129)
39,976
235,549
39,976
39,976
(39.976)
(39,976)
Total funds
303,604
171.074
(239,129)
235,549
ReseNes comprlslng furlough Income recelve durfn8 the Covid-19 pandemic were transferred to
general reserve available for use by the charity.
12 Analysls of net assets between fvnds
Unrestrlcted
funds
Total
Current assets
Current liabilities
Total net assets
172,365
{2,710)
169,655
172,365
12,710)
169,655
Unrestricted At 31 March
funds
2023
Current assets
Current liabilities
Total net a55ets
238,740
{3,191)
235,549
238,740
13,191}
235,549
Page 14

Drop40rop Limited
Notes to the Accounts
13 Reconciliation of net debt
At 31 March
2024
At l April 2023 Cash flows
Cash and cash equivalents
230,680
230.680
180,1001
(80,100}
150,580
150.580
Net debt
230,680
(80,1001
150,580
14 Comrnitments
Penslon commlknents
2024
2023
The pension cost charge to the company
amounted to:
1,013
1,417
Unpaid contributions due to the fund are
included in other creditors and
amounted to:
225
225
15 Related party disdosures
2024
2023
Tmnsartlons wfth relatedparties
Name of related party
K.L Barry
Description of relotionship
between the porties
Description of transoction
Trustee of the charity is also dirertor of UK
and general amounts
company. LFfe UK Limited. During the year.
involved
charity received dlaritsble donation of
Amount duefrom/(toJ the ￿lOted porty
Triistee
7.872
77.470
Nome of reloted party
Descnption of relotionship
between the porties
S.C. Konecki
Trustee
Trustee of the charity is also director of UK
Description of tronsocts'on
company• Life UK Limited and Factory 21
ond geneml amounts
Limited. During the year, charity received
involved
charitable donation of
Amount duefrom/{to} the relatedporty
Controlllng party
The company is limited by guarantee and has no share capitsl: thus no single party controls the
company.
7.872
77,700
Page 15