(A company Ilmlted by guardntee) Charfty No. li77 31 Marth 2025
Drop4Drop Umfted Contents Pages 2to4 Trustees. Annual Report Independent Examlnees Report statement of Hnandal Actlvltles Balance Sheet Notes to the Accounts 8t015 Page I
Drop4Drop Umlted Trustees Annual Report The trustees, who are also dirertor5 of the tharfty forthe purposes of the Companles Act 2006, present their report with the unaudlted finandal ststements of the charlty for the year ended 31 March 2025. REFERENCE AND ADMINISTrATIVE DETAIIS company No. 0571M054 Charlty No. 1115277 Re81stered Offic• Unlt 21 Mackjey Industrtal Estate Small Dole Henfield BN5 9XR Dlrectors and Tntstees The Dlrectors of the charitsble company are Its Trustees for the purposes of tharbty law. The followlng Dlrectors and Trustees served durlng the year. L Barry S.& Koneckl Leek L Whlte Dlrectors of Corporate Tntstees S.C Koneckl Leek Tlme Accounts Limltsd Unlt 3 Engllsh Buslness Park English Close Hove East Sussex BN3 7ET Page 2
Drop4Drop Umltsd Trustees Annual Report srRucfuRE. GOVERNANCE AND MANAGEMENT Nature of 8overnln8 document The company is registered as a charltable company Ilmlted by guarantee and was set up by a Trust deed. The company Is constituted under the Artlcles of Associatlon and Is reglstered charlty number 1115277. Revultment and appolntment of tft •The meetlng Is to be set and objectlves set by the Founder, •AII Trustees must be In attendance; •The Trustee must carefully conslder the ellglblllty and approprlateness of the proposed trustee; •A majorlty Vote must be a8reed before appolntlng new members of the board. OBJECTIVES AND ACTivmES Objects and alms Mlsslon: DROP4DROP belleves everyone, everywhere, has the rf8ht to clean water. Access to clean water transforms Ilves, creates OPPOrtunltles and lays the foundatSons for a brl8hter future. Purpose: DROP4DROP (forthwlth named as *he CharSty') Is a publlc benefit or8an15atlon that Is committed to provldln8 clean water projects across the globe to communltles wlthout access. • The Charlty, based In the Unlted Klngdom, seeks to provlde clean drlnklng bore-wells across the globe to communltles Ilvlng wlthout access. The Charlty's 8oal Is to strateglse and Implement tools and solutlons to allevlate the World Water Crlsls • The Charlty provldes grants to In-country or8anlsatlons to provlde Sustslnable clean water solutlons, funded by vltsl donatlons from corporate and prlvate Indlvlduals. • The Charfty recelves fundlng and operatlonal support from Llfe UK Ltd {mentloned forthwlth as The Buslness,) to ensure operatlonal costs are absorbed outslde the Charlty's flnanclal structure. . The Charfty researches and 5mplements the advancement of resources and methods to provlde clean water to communltles Ilvln8 wlthout ac5 to clean water, • The Charlty utlllses partnershlps wlth non-governmentsl or8anisatlons In the locatlons of work and provldes 8rants to outsource physlcal constructlon of wells. The Charlty's objectlves are the rellef and asslstance of people In developlng countrles deprlved of clean drlnkln8 water. In partlcular acceptln admlnlsterln8 and redlstrlbutlng donatlons from the bottled water and soft drlnks Industry and investing these donatlons In water projects In affected countrles. Publ1¢ benefft The slgnfficant actlvltles undertaken by charlty durln8 the year are: •Clrca 79 clean water projects construrted, rou8hty 30,000 people reached. •lmplemented clean water projects In Uganda, The Gambla, Malawl, Zambia, Kenya and Tamll Nadu, Indla. •Contlnued development on projects in Kenya and Zambla. •Contlnued work on developlng our carbon offsettlng programrne In Uganda. The trustees confim that they have complled wlth the requlrements of sertlon 17 of the Charities Act 2011 to have due regard to the publlc benefft guldance publlshed by the Charlty Commlsslon for England and Wales. Page 3
Drop4Drop Umfted Trustees Annual Report Golng Concern After maklng approprlate enqulrfes, the Trustees have a reasonable expectatlon that the cornpany has adequate reSoUrS to contlnue In operatlonal exlstence for the foreseeable future. For thls reason. they continue to adopt the going concern basls In preparlng the flnancial statements, Further details regarding the adoptlon of the golng concern basls can be found In the accountln8 pollcles. ACHIEVEMENTS ANO PERFORMANCE Maln achlevements of the charlty are as follows: •Clrca 79 clean water projects constructed, roughly 30,000 people reached. •lmplemented clean water projects In Uganda, The Gambla, Malawl, Zambla, Kenya and Tamll Nadu, Indla. •Contlnued development on projects In Kenya and Zambla. •Contlnued work on developlng our carbon offsettlng programme In U8anda. Dats collectlon from old projects across our project locatlons FINANCIAL REVIEW The charlty contlnues Its SUPPOrt to ongoln8 projects. ExpendSture Is Incurred In furtherance of the charfty prlorltSes as outllned In Its ObJertlves and Actlvltles. The charlty has s18nfflcant reserves whlth the Trustee closely monltor. Poll¢y on rnserves The charlty wlll ensure there are always funds avallable for prlorltles and wlll analyse all commttments to ensure efflclency wlthout overspend. The Trustees are responslble for keepln8 proper accountlng records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and to enable them to ensure that the flnanclal statements comply wlth the Companles Act 2006. The Trustees are also responslble for safeguardlng the assets of the charlty and hence takln8 reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. The above report has been prepared In accordance wlth the provlsions appllcable to companles subject to the small companles re8lme as set out In Part 15 of the Companles Act 2006 and In accordance wlth the Charltles SORP (FRS 102). Slgned on behalf of the board K.L. Barry Trustee Page 4
Drop4Drop Umlted Independert Examlners Report Independent Examws Report to the trustees of [0p40 Umlted I report to the charity trustees on my examlnatSon of the financial ststements of Drop4Drop Limlted for the year ended 31 March 2025 which comprfse the Statement of Flnanclal Actlvltles, the Summary Income and Expendlture AccounL the Balance Sheet and the related note& Responslbllltles and basls of report As the charity's trustees of the company (and also Its dlrectots for the purposes of company law) you are responslble for the preparatlon of the financlal statements In accordan wlth the requlrements of the Companies Act 2006 ('the 2(X)6 ACL Havln8 satlsfied myself that the flnanclal ststements of the Charlty are not requlred to be audlted under Part 16 of the 2006 Act and are ell8lble for Independent examlnatlon. I report In respect of my examlnatlon of your charlty's financlal statements as carrled out under sertlon 145 of the Charftles Act 2011 ('the 2011 Act,). In carrylng out my examlnatlon I have follt)wed the Olrectlons glven by the Charlty Commlsslon under sectlon 145151 Ib) of the 2011 Act. Independent examlnevs statoment I have completed my examlnatlon. I can confirni that no matsrfal matters have come to my attentlon In Connectlon wlth the examlnatlon 8lvln8 me cause to belleve: • accountln8 records were not kept In accordance wfth sectlon 386 of the 26 Act . or • the flnanclal statements do not accord wlth those record5; or • the flnanclal statements do not compty wfth the accountlng reqUlreftnts under sectlon 396 of the 2006 Act other than any requlrement that the finandal statements glve a true and falr, vlew whlch Is not a matter consldered as part of an Independent examlnatlon: or • the flnanclal statements have not been prepared In accordance wlth the methods and prfnclples of the Statement of Recommended Practlce for accountln8 and reportlns by charftles appllcable to charltles preparlng thelr accounts In accordance wlth the Flnandal Reportlng stsndard appllcable In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters In conrctIon wtth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understsndln8 of the financlal statements to be reached. Mrs Hannah Thatcher, FCA LLB Instltute of Chartered Accountants England & Wales Tlme Accounts Umfted Unlt 3 Engllsh 8uslness Park En8llsh aose Hove East Sussex BN3 7Er Page 5
Drop4Drop Umlted Statement of Fln3n¢lal Actlvld for the year ended 31 Mar¢h 2025 fund5 Total fvnds T¢>tal funds 2024 Inmffle and end(r*mients froffl: Donatk)ns and le8ades T•)tal 81.798 81.798 83,642 81.798 81,798 83,642 Expendlture on: Charltable activitles Other 138,416 67 138A16 67 149,468 68 T¢)tal 138,483 138,483 149,S36 Net galns on Investments Net expendlture Transfers between fvnds (56.685) 156,685} (65,894) Net expendlture before oth•r galnslllosses (56,685) (56,685) (6S,894> Other galns and1055e5 Net mowment In lunds (56.685) (56.685) (65.894) Recondllatlon of fund5: Totsl funds brought forward 169.655 169.655 235.549 Totsi lunds carrfed forward 112,970 112,970 169,655 Page 6
Drop4Drop Umlted Balance Sheet at 31 Mar¢h 2025 Company No. 05704054 Noteg 2025 2024 Current assets Debtors Cash at bank and In hand 21.785 93,781 115,566 (2,596) 112,970 112.970 21,785 150,580 172,365 12,710) 169,655 169,655 169.655 Credltors: Amount falllng due wlthln one year Net curyent aswts 10 Total assets less current Ilabllltles Net assets excludlng penslon asset or Ilablllty 112,970 Totsl net assats 112,970 169,655 The funds of the charfty Unrestrfrted funds General funds 11 112,970 169.655 112,970 169,655 Total lunds 112,970 169,655 These accounts have been prepared In accordance wlth the speclal provlslons of Part IS of the Companles Act 2006 relatln8 to small companles. For the year ended 31 Marth 2025 the company was entltled to exemptlon under sertlon 477 of the Companles Act 2006 relatlng to small companles. The members have not requlred the company to obtaln an audlt In accordance wlth sertlon 476 of the Companles Act 2006, The dlrertors acknowledge thelr responslbllltles for complylng wlth the requlrements of the Companles Act 2006 with respect to accountin8 records and the preparatlon of accounts. Approved by the board on 16 December 2025 And 518ned on Its behalf by.. K.L. Barry Trustee Page 7
Drnp4Drop Umlted Notss to the Accounts for the year ended 31 Marth 2025 l A¢¢ountln8 polld ststement of Compllance The flnanclal statements have been prepared In accordance wlth Accountln8 and Reportlng by Charftles: ststement of Recommended Practlce appllcabk to tharttles preparin8 thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve I January 2019) - Icharltles SORP (FRS 102)), the Flnandal Reportlng Standard appllcable In the UK and Republlc of Ireland (FR5 102) and the Companles Act 2006 and Charftles Act 2011. Basls ol preparatlon Drop4Drop Ltd meets the definttlon of a publlc benefft entity under FRS 102. Assets and Llabllftle5 are Inltfally reco8nlsed at hlstorlcal cost or tran&ictlon value unless otherwlse stated In the relevant accountln8 pollcy notes. Chan8e In ba$ls of ac<ountln8 or to prevknis accou There has been no chan8e to the accountlng poliaes Ivaluatlon rules and method of accountlng) slnce last year and no change5 have been made to accounts for prevlous years. Fund •¢¢auntln8 Unrestrlcted funds These are avallable for use at the dlscretlon of the trustees In furtherance of the general objects of the tharlty. Desl8nated funds These are unrestrfcted funds eannarked by the trustees for partlcular purposes. Revaluatlon fvnds These are unrestrfrted funds whlch Indude a revaluatlon reserve representln8 the reststement of Investment assets at thelr market values. These are avallable for use subjert to restrlcttons Imposed by the donor or through tenns of an appeal. Restrlcted funds Income Reco8nltlon of Income Income Is Induded In the Statement of Flnanclal Actfvltles (SOFA) when the charlty becomes entftled to, and vlrtually certaln to recelve, the Income and the amount of the Income can be measured wlth sufflclent rellablllty, Income wlth related Where Income has related expendlture the Income arHI related expendlture ts expendlture reported 8ross In the SOF Donatlons and legacles Voluntary Income received by way of 8rants, donations and glfts Is Included In the the SOFA when recelvable arKI onty when the Charlty has uncondltlonal entltlement to the income. Page 8
Drop4DMp Umlted Notes to the Accounts Empendltsife Recognition of expendlture All expenditure is recoBnised once there is a legal or constructfve obllgatlon to that expendlture, It Is probable settlement Is requlred and the amount can be measured rellably. All costs are allocated to the appllcable expendlture heading that a88regate slmilar costs to that category. Where costs cannot be dlrectly attrlbuted to particular headln8S they have been allocated on a basls conslstent with the use of resource5, wlth central staff costs allocated on the basls of tlme spent, and depreclatlon charges allocated on the portlon of the asset's use. Other support Costs are allocated based on the spread of stsff costs. Expendlture on These comprlse the costs assoclated wlth attractln8 voluntary Income, fvndralsln8 ralsln8 funds tradlng costs and Investment management costs. Expendlture on Charltable expendlture comprlses those costs Incurred by the charlty In the dellvery charftable actlvltles of Its actlvltles and servlces for its beneficlarles. It Includes b¢xh costs that can be allocated dlrectly to such actlvltles and those costs of an Indlrect nature necessary to 5UPPQrt them. All grant expendlture Is accounted for on an actual pald basls plus an accrual for 8rants that have been approved by the trustees at the end of the year but not yet pald, These Include the costs attrlbutable to the charlty's compllance wlth constltutlonal and ststutory requlrements, Includlng audlt, strateglc management and trustees's meetlngs and relmbursed expenses. Other expendlture These are support costs not allocated to a partlcular actlvlty. Support costs Include central funrtlons and have been allocated to actlvlty Cost cats8orle5 on a ba51s conslstent wlth the use of resources, for example, allocatln8 property costs by floor areas, or per caplta, staff costs by the tlme spent and other costs by thelr usa8e. Grants payable Governance costs T•xatlon The charlty Is consldered to pass the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and therefore It meets the deflnltlon of a charltable company for UK corporatlon tax purposes. Accordlngly, the charlty Is potentlally exempt from taxatlon In respect of Income or capStal galns reeelved wlthln cate8orles covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Sectlon 256 of the Taxatlon of Chargeable Galns Art 1992, to the extent that such Income or 8alns are applled excluslvely to charltable purposes. Trnde and other debtors Trade debtors are amounts due from customers for merchandlse sold or serylces performed In the ordlnary course of buslness. Trade debtors are recognlsed Inltlally at the transaction prlce. They are subsequently measured at amortised cost uslng the effertlve Interest method. less provlslon for Impalrment. A provlslon for the Impalrment of trade debtors Is estsblished when there Is objertlve evldence that the charlty wlll not be able to collect all amounts due according to the orlglnal temis of the recelvables. Accrued Income relates to money the charity Is due to recelved In relatlon to donatlons I grants but has yet to be recelved, and for whlch an Involce / request for funds has yet to be made to the donor. Cash and $h equlvalents Cash and cash equlvalents comprise cash on hand and call deposlts, and other short-term hl8hly Ilquld Investments that are readlly convertlble to a known amount of cash and are subhct to an Insl8niflcant risk of change In value. Page 9
Drop4Drop Umlted Notes to the Accounts Trade and other credltors Trade credltors are obll8atlons to pay for goods or servkes that have been acqulred In the ordlnary course of buslness from suppller& Accounts payable are dassified as current liabilitles ff the charlty does not have an uncondltional rl8ht, at the end of the reportlng period, to defer settlement of the credltor for at least twelve months after the reportlng date. ff the ts an unconditional right to defer settlement for at least twelve months after the reportlng date. they are presented as non-current Ilabllltles. Trade credltors are reco8nlsed inftlally at the transactlon prke and subsequently measured at amortlsed cost usln8 the effeCte Interest method. Pen51on $ts The charfty operate5 a defined contrlbutlon plan for Its employees. A defined contrfbutlon plan Is a penslon plan under whlch the company pays fixed contrfbutlons Into a separate entlty. Once the contrlbutlons have been pald the company has no further payments obllgations. The contrlbutlons are recognlsed as expenses when they fall due. Amounts not pald are shown In accruals In the balance sheet. The assets of the plan are held separately from the company In Independentty admlnlstered funds. Fund structurn Unrestrtcted Income funds are general funds that are wallable for use at the trustees dlscretlon In furtherance of the objertlves of the charlty. Flnandal Inrtruments aMsffic•tlon Flnandal assets and flnandal Ilabllftles are reco8nlsed when the charlty becomes a party to the contractual provlslons of the InstrumenL Flnanclal Ilabllftles arml equlty Instruments are classmed accordln8 to the substance of the contractual arrangements entered Into. An equlty Instrument Is any contrart that evklences a re51dual Interest In the assets of the tharfty after deductln8 all of Its Ilabllltles. Goln8 concern The trustees conslder that there are no materfal uncertalntles about the charlvs ablllty to contlnue as a golng concern nor any $18nlflcant areas of uncertalnty that affert the carrylng value of assets held by the charlty. Exemptlon from preparfn8 a $h fiow statem The charlty Is exempt Irom preparatlon of a cash flow ststemenL 2 Charlty StatUS The charlty Is Incorporated In England and Wales and Is Ilmlted by 8uarantee and consequently does not have share capitsl. Each of the trustees Is Ilable to contrlbute an amount not exceedlng £1 towards the assets of the charlty In the event of Ilquldatlon. The charftyls Incorporated In En8land and Wales. The address of Its re8iStered office is: Unft 21 Mackley Industrlal Estate Small Dole Henfleld BN5 9XR Page 10
Drop4Drop Llmtted Notes to the Accounts 3 Statement of Flnandal Artlvltles- prfor year Unrestrlcted funds Totsl funds 2024 2024 In¢ome and endowments from: Donatlons and legacles Total 83.642 83.642 83,642 83,642 Expendlture on: Charftsble actlvltles 149,468 68 149,468 Other Total 149.536 149.536 Net Incorne (65,894) (65,894) Net Incorne before other galnslllosses) Other galns and losses: Net movement In fvnds {65,894) 165,894) (65.894) (65,894) RendIlatIon of funds: Totsl funds bmught forward Totsl funds carrled forrd 235,549 235,549 169,655 169.655 4 Income from donatlon$ and legacles Unrestrlrted Total Total 2024 Charlty incoming resources (projects) 81,798 81,798 83,642 81,798 81,798 83,642 Grants received are unrestrfcted but are to be used by the charlty In furtherance of Its mlss5on and to be provlded to recipient Instltutions to be used for the purposes of clean water projects. Page 11
Drop4Drop Umlted Notes to the Accounts 5 Expendltsre on dHrltable acllvft T¢)tsi 2024 2025 Expenditure on choritoble aCtIe5 Small Costs (Prolects) Grants made 70 70 258 90,620 90,620 88,104 Allocated support cost- wages & salarles Allocated support cost- penslon Other governance cost 46,636 1,0 I13 1,013 6.713 138,416 6,713 138,416 13,457 149,468 6 Analy515 of grnnts Total Total Clean Water Project In Indla Clean Water Projert in Uganda Clean Water Project In Zambla aean Water Project In Kenya aean Water Project In Gambla Clean Water Projert In Malawl 21.109 10,764 9,194 2.678 27,914 43,577 8,960 7,6S3 26,997 19,878 90,620 88,104 Grants for dean water projects In Tamll Nadu, Indla were pald out to the followlng organlsation& RCLWA (Rural Christian Lepers Welfare Association) Grants for dean water projects in the Hoima Dtstrk¢ U8anda and Mpi8i Distri¢¢ U8anda were pald out to the followlng organlsatlons. Kituntu Women's Assoclatlon Grants for dean water projects In The Gambla were paid (Krt to the followinB organisations. Water Charity Grants for dean water projects in Malawl were pald out to the followln8 or8anlsatlons. Wells for Zoe Grants for clean watsr projects In Kenya were pald to the followlng organlsat5ons. Well Boring Grants for clean water projects In Zambla were pald out to the followln8 or8anlsatlons. Vlllage Water Zambla The provision of 8rants to suth institutions are unrestrlcted but are to be used for the purp)se of clean water projects. Page 12
Drop4Drop Llmlted Notes to the AOUnts 7 Other expendlture Unrestrlrted Totsi 2025 Totsi General admlnlstratlve costs 67 67 68 67 67 68 8 Stsff costs 2025 1,013 1,013 2024 Penslon costs 1,013 1,013 No employee recefved emoluments In excess of £60,000. The avera8e monthty number of fvll tlme equlvalent employees durln8 the year was as follows: 2025 Number Number 9 Debto 2025 Trade debtors 21,785 21,785 21,785 21,785 10 Credltors: amounts fallln8 due wlthln one year 2025 2024 Trade credltors Other tsxes and soclal securlty Other credltors Accruals 160 657 225 1,668 2,710 612 225 1.675 2,596 Page 13
Drop4Drop Uffllted Notes to the Accounts 11 Movement In funds Incomlryq (Indudlns ftesources expended At31 At l Aprfl galnsllosses 2024 Restrlcted funds: Unre5tr1¢ted Funds: Generdl fvnds Totol Funds 169,655 169,655 81,798 81,798 (138,483) (138,483) 112,970 112,970 Prevlous Ye•r In¢omlnB At31 March 2024 (Indudln8 At l Aprfl other 2023 plnsllosses) expended Unrestrlcted Funth: Genefal Funds Total Funds 235.549 235,549 83,642 83.642 (149,536) 1149,S36) 169,655 169.655 funds Total Current assets Current Ilabllltles T¢)tsl net a5sats 115,566 12,596) 112,970 115,566 (2,596) 112,970 At31 Unrejtrlcted funds 2024 172,365 12,710) 169.655 Current assets Current Ilabllltles Total net assets 172,365 12,7101 169,655 13 Recondllatlon of net debt At31 Marth At l Aprfl Cash Cash and cash equlvalents 150,580 150,580 {56,799) (56,799) 93.781 93,781 Net debt ISO,S80 (56,799) 93,781 Page 14
Drop4Drop Umlted Notes to the Accounts 14 Commltments 2025 The PenOn cost char8e to the company amounted to: 1.013 1,0 Unpald contrlbutlons due to the fund are Included in other credStors and amountsd to: 225 225 15 Relatsd party dtsdosurns Nome ofrelated porty Descrlpdon of relatlonshlp between the portles Descrlpuon of trnnsactlon Trustee of the charlty Is also dlrector of UK and geneml amounts company. Llfe UK Umlted. Durln8 the year, Involved charlty recelved charltable donatlon of Amount duefrom/(toJ the relotedparty LL Barry Trustee 20,000 7,872 Nome of relatedparty Descrlptlon of relatlonshlp between the par S.C Koneckl Trustee Trustee of the charlty Is also dlrector of UK Descrlptlon of tronsortlon company, Llfe UK Umlted and Factory 21 and general omounts Limtted. Durlng the year. charity recelved Invofved charitable donatlon of Amount duefrom/{toJ the related party Contr18 portv 20,IXIO 772 The company Is Ilmlted by guarantee and has no share capltal: thus no sln8le party contro15 the companv. Pa8e 15
Drop4Drop Umlted Detalled Ststement of Flnanclal Actmtles for the year ended 31 Mar¢h 2025 Unrestrlcted funds Total funds Total fvnds 2025 2025 2024 Income and endowrnents from: Donatlons and legacles 81.798 81,798 81.798 81,798 83.642 83,642 Total Income and endowments 81,798 81,798 83,642 Expendfture on: Charltable actlvltles Small Costs (Projects) Grants made 70 90,620 90,690 70 90.620 90,690 258 88,104 88,362 Governance costs 40,000 1,013 6,713 47,726 40,000 1,013 6,713 47,726 46,636 1,013 13,457 61,106 Totsl of expendltsirn on ¢harltable actlvftles 138,416 138,416 149,468 General admlnlstratlve costs, Includln8 depreclatlon and amortlsatlon Bank charges 67 67 67 67 67 67 Totsl of expendlture of other ¢osts Total expendlture Net galns on Investments 138,483 138,483 149,536 Net expenditsre {56,685) 156,685) (65,894) Net expendfture beforn other 8alns/llosse5 Other Galns {56,685) {56,685) 165,894) Net movement In funds {56.685) (56.685) {6S,894) Reconclllatlon of funds: Totsl funds brought forward 169,655 169,655 235,549 Total funds farrfed foThvard 112,970 112,970 169,655 Page 16