REGTSTERED COMPANY NUMBER: 5902240 (England and Wales)
REGISTERED CHARITY NUMBER: 1115964
ort of the Trustees and
Unaudited Financial Statenienls For The Year Endin
for
TTust o
31 March 2024
Wat¢rb¢r
W¢lfar¢ Soci¢
rntin
as Thc WatcrbcT
Trnst

Waterber
Welfare Socie
Trust o
eratin
as The Waterber
T￿￿t
Contents of the Financial Statements
for the Year Endin
31 March 2024
Page
Chairn]an's Report
2to3
Report of the Trustees
4t07
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
12to 19
Detailed Statement of Financial Activities
20

Waterber
Welfare Soci
Trust o
eratin
as The Waterber
Trust
-Improving the welfare of the children of the Waterberg in heolth, education and their environment
Chairn]an's Re
ort
for the Year Endin
31 March 2024
For the last ten years, the WalerbeTg Welfare Society Trusi has been operating under its new and broader remit as The Waterberg
Trust (TWT) supporting welfare initiatives across the Waterberg, uplifting the people and iheir environment. Quarterly reports from
Sisler Grace and Dr Peter Farrant on behalf of TWT detail the social ￿'elfare of the less prii'ileged of the Waterberg. They give a
mcasurc of what TWT is sccking to address and thcy ale incrcasingly alarn]ing. Major conccrns includc increasing substancc abusc,
vagrancy, absenteeism from school and general poor behaviour. The academic perfonnance of the local schools is deteriorating
because they are underfunded and teacher N'acancies are often either poorly filled or remain unfilled. However, there are encouraging
factors also with some teachers providin￿ extra classes to help children catch up and prepare better for their exams, and some
supporting afteT school activities, with .%port being increasingly encouraged.
Twf initiatives include conserving the environment and helping the pooresl and all the young people of the Waterberg to achieve
their potential by encouraging them to stay in education. This inTrolves basic and simple initiatives.
By providing reuseable washable sanitary wear (Dignity Dreams), TWT has again met its priority this year by enabling all the
adolescent girls of the Waterberg (about 400) to attend School for all of every month for the five years of their secondary
education. As a rcsult. far fcwcr girls drop out of ¢ducation bccausc thcy no longcr fall bchind through missing school.
Twf pays the salary of Sister Grace (c£15.500 depending on the exchange rate) out of raised income. Her work involves providing
the first line of primary care for the medical. mental and general welfare needs of the school children of the Waterberg. She
manages the distribution of the Dignity Dreams packs and instructing the girls in how to use them, when she explains also the sex
education leaflet that is an important part of the package. Through dedicated teaching sessions, she instructs the pupils in human
reproduction and sex education and the use and availability of contraception methods. As a direct consequence, the numbers of
teenage pregnancies have been reduced consistently each year. Sister Grace supports the teenage murns with baby care instruction,
guidance and baby essentials where they are not available. A150, she champions important initiatives such as the school vegetable
gardens that the children cultivate, and helping the children to remain IT]Otivated to study and to choose the right subjects that will
support their career choices. In addition, she suptM)rts the health of the weakest in the community and distributes food parcels with
the local "Acts of Mercy" initiative of the local St John's Church to those who are deSti￿te.
In South Africa, you cannot go to school if you do not have 8 uniform. which is something that the poorest families in the community
cannot afford. So TWT helps lo fund the provision of school unifomls and shoes so that every child in th¢ Waterberg can go to
school.
TWF provides scholarships so that the more able can continue inlo further education and not be held back by the poverty of their
family circumstances. For example, Elton Chitandra is a deserving and able student from the Waterberg who is an orphan living
with his aunt. TWT awarded Elton a scholarship for his university tuition fees for three years. He is now in the third year of his
Computcr Softwarc dcgrcc at a local univcrsity.
Importantly, TWT also conserves tbe envirorllnent of the Walerberg. Over many years, TWT bas contributed much to help the
rangFers protect the Rhinos of the Waterberg from poachcTS by fundingF caineras and road gyates. As a conscqucnce, the Watcrberg
bas lost very few Rhino to poachers these last few years, which is sadly in contrast lo other areas of South Arica. This year, TWT
has made another large donation to the Save the Waterberg Rhino initiative that has changed its name to the Waterberg Landscape
Alliance (IVLA) charity to reflect its broader conservation remit that is enabled by its focus on saving the endangered Waterberg
rhino. TWT sends school childr¢n to Ihc Lapalala Wildcrncss School so that the young p¢ople can learn about Ihcir precious
environment amongst which they live and the importance of conserving the habitat and diversity of species. Educating d]e young in
such important matters also results in the parents becoming much more aware.
Twf pioneered a new circular cycle route from Cambridge across the counties of Cambridgeshire and Bedfordshire for its annual
sponsored cycle ride that was much enjoyed by an ever increasing field of riders. Circa £13,794 was raised, beating the £ l 0,000
targ¢t.
Total Funds received by Twf for the financial year ending March 2024 were: £48.087 (2023. £53,630)
Total funds outgoing from TWT for the year were £39.687 (2023: £52,257}
Page 2

Waterber
WelfaTe Socie
TTUSt o
eratin
as The Waterber
Trust
Chairman'5 Re
ort
for the Year Endin
31 March 2024
•ff lTraterberg Landscape Alliance/Save The Il'aterberg Rhino
£20,000
Donations (£20,000) (2023 - £30,2(K))
•[ Northern Education Trust - Sister Grace (Sehool Nurse)
£12.503
Salary June 2023 to May 2024
(2023- £15,071)
•0 Northern Education Trust - Elton Chitandra
£2.454
Tuition fees (2023 £0)
•[ Dignitv Dreams {addres5ing period poverty, keeping girls in education)
(Part payment previously paid and a key sponsor's fund being paid directly
to thc Dignity Drcanis on bchalf of Twr)
(2023 - £3,500)
£0
Total costs for the y¢ar w¢r¢ £4,730 (£3,486 - 2023) of which £2.777 was paid lo Th¢ Trust Partnership. £1.140 to
Dunklcy's for thcir financial advicc, and £610 for bank and JusiGiving fccs and wcbsitc costs.
Whilc Ihcrc is still work to b¢ donc in cnhancing Ihc conspicuity of thc Trust in thc Watcrbcrg, it has b¢cn tli¢ Icad
supporter of some important projects to do with healih, education and the environment.
TTP have continued to provid¢ massiv¢ support both administratively and in consultation. which is much appr¢¢iat¢d.
Barry Burles
Chairnian
June 2024
Page 3

Waterber
Welfare Socie
TTUSt o
ratin
as The Waterber
Trust
ort of the Trustees
for the Year Endin
31 March 2024
The trustees who are also directors of the charity for the purposes of ihe Companies Act 2006, Present their report with
the f1nancial slalemenls of the charity for the Year Ending 31 March 2024. The financial slalements have been prepared
in accordance with the accounting policies sel out on pages eleven to thirteen of the attached accollnrs and comply with
the charity's trust deed, the Charities Act 2011, regulations applicable to that Act, and Accounting and Rq)orling by
Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance Th'ith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), etTecti￿e from accounting periods
commencing I st January 2019 or later.
REFERENCE AND ADMINISTRATIVE DET AILS
Registered Companv ￿uMber
5902240 (England and Wale5)
Registered Charity number
1115964
Registered office
6 Trull Farm Buildings
Tctbury
Glouccstcrshirc
GL8 8SQ
Trustees
Mrs J E IVhitbr¢ad
Mrs W Loudon-Barnaart
Mr B W Burles
Mrs E M Franklin
Mr W Onne
Mrs K Lane
Chair
Independent Examiners
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol, BS32 4JY
Solicitors
Huntcrs
9 New Square
Lincoln's Inn
London
WC2A 3QN
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill, West Malling, Kent
ME19 4JQ
Investment Managers
M & G Securities
Laurence Pountney Hill
London
EC4R OHH
Administrators
The Trust Partnership
6 Trull Fann Buildings
Tetbury
Gloucestershire
GL8 8SQ
Page 4

Waterber
Welfare Socie
TTUSt o
eratin
a5 The Waterbe
T￿￿t
ort of the Trustees
for the Year Endin
31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goN'erning docun]enl. Memorandum and Articles of Association, and constitutes a
company, by guarantee, as defined by the Companies Act 1985. The Charity changed its operating name to The
Waterberg Trust on 13.03.2015.
Key Management Personnel
The trustees consider that they cornprise the key management of the charity in chaTge of direcling and controlling, running
and operating the charity on a day to day basis. The trustees receii'e no remuneration for their duties but may claiin
Teimbursement of expenses.
Recruitment and appointment of new trustees
The charity has six trustees who meet three tiines every year. The identification of potential T]ew trustees is carried out by
the board, the aim being to appoint those ￿'1th the appropriate expertise and experience for the charity's WOTk. On agreeing
to become a truslee of the charity. they are thoroughly briefed by their co-truslees on the history of the trust, the day-to-
day managernent, the responsibilities of the trustees, the current objectives and future plans. The trustees aTe also
cncouragcd to altcnd any courscs.
Organisational structure
Thc trustccs aTC uItiTnatcly rcsponsiblc for thc policics. activiti¢s and asscts of Ihc charity. Thcy mccl thrcc timcs cvcry
year to revi¢w developments wilh regard lo the charity, its grant giving activities and lo make any iinportanl decisions.
When n¢c¢ssary, th¢ irustees seek advice and support from the charity's professional advisers.
Risk management
In line with the requirement for trustees lo undertake a risk assessment exercise and report on the same in their annual
report, the trustees have looked at the risks. The trustees have ideniified five main areas where risks may occur and
considered how they might mitigate against them..
Governance and management risk looks at the risk the charity might suffer from the lack of direction, the skills and
Iraining of the trustees and the good use of its funds.
Operational risk looks at the risk inherent in the charity's activities including supporting unsuitable appeals from
charities, continuity of staff, lack of a disaster recoverj, policy, etc.
Financi41 risks include those arising a5 a result of poor budgetary control. inappropriate spending. poor accounting,
inappropriate investment policies. etc. The Charities f￿anCeS are reviewed by trustees at the trustee meetings to consider
inveslments and funds available for grant making.
Reputational risk looks at th¢ possibl¢ damag¢ to thc charity's rcputation, through association with unsuitablc charitics,
or with inappropriat¢ activity-
Lgiv$, regulations, external and environment21 risk looks at the effects olgovernment policies and the consequences
of non-compliance with the laws and regulations.
Having assessed the major risks to which ihe charity is exposed, in particular to its finances, the tn]stees believe that by
monitoring reserve levels, by ensuring that controls exisl over ihe key fmancial systems, and by examining the operational
and business risks faced by the charity. they have estsblished effective systems to mitigate those risks.
0￿EcTIVEs AND ACTIVITIES
Charitable objectives
The Trust's charitable objectiTres are=
Ihe furtherance of chaTilable purposes which, in the Republic of South Africa. promote the welfare of those infected
with HIV l Aids and of ihose dependent on them and the ividows, children and other dependants of persons who
have died from the consequences ol such infection, or which promote education and oiher work aimed to prevent
the spread of HIV / Aids.
to support organisations or individuals promoting the welfare of the people of the Waterberg and;
general charitable purposes in the Waterberg.
b}
Page 5

Waterber
Welfare Socie
TTUSt o
eratin
a5 The Waterbe
T￿￿t
ort of the Trustees
for the Year Endin
31 March 2024
Charitable activities
The Waterberg Trust supports individuals and organisalions in the Waterberg SA via a range of healthcare, education,
welfare, conservation and general charitable projects: in order to uplift the people and place of the Waterberg.
Public benefit
The Iruslees confinn thai they have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing the Trusl's aims and objectives and in planning future activities and setting the grant
making policy for the year.
The Trnstees are satisfied that all grants tnade during the year are for the benefit of the public and the benefits of each
and every grant are clearly identifiable.
ACHIEVEMENT AND PERFORMANCE
Summar), of achievements
The Chairnian's Report summarises the Tnain achievements in the year.
Donations
Thc trustccs would likc to thank most warnily all thos¢ who support us financially with donations and grants.
Investment performance
During March 2012 the irust¢¢s inv¢sied £5,600 in th¢ M&G Inv¢stm¢nls. Charibond Chariti¢s Fix¢d Inter¢st Common
Inv¢sim¢nt Fund. The value of this inv¢stm¢nt at 31" March 2024 was £7.488 (2023 £7,157) an in¢r¢as¢ of £1,888 on th¢
original inv¢stm¢nt.
FINANCIAL REVIEW
Financial Summary
Income for the year was £48,087 (2023 £53,630). Expenditure for the year was £39,356 (2023 £52.632). As a result, for
Ihe year ended 31, March 2024, there was a benefil of £8,731 (2023 benefit £998).
Reserves Policy
The trnstees will maintain adequate reserves to cover grant commitments and budgeted costs for the current financial year
and maintain an appropriate budget for years to cover longer term grant commitments. The investments held by
M&G Investments as at 31" Marcb 2024 are treated as a reserve by The Waterberg Tn￿t, to cover one years, Worth of
operating cost of £4,730. Reserves available at 31 ' March 2024 are £62.102.
Going Conccrn
Thc Trust¢¢s of thc Charity h2v¢ conclud¢d that thcrc arc no mat¢rial unccrtaintics rclatcd to cvcnts or conditions that
may cast significant doubt on thc ability of thc Charity to continu¢ as a going conccrn. Givcn th¢ additional chall¢ng¢s of
Covid-19 in 2020 and 2021 and th¢ Cost of Living Crisis in 2022 and 2023. thc Tn￿(¢¢$ arc of ihc opinion that th¢ Charity
will still havc sufficicnt rcsourccs lo mcct its liabilitics as they fall duc.
FUTURE DEVELOPMENTS
We will continue to maintain and develop relationships with funders in the UK in the coming year.
Page 6

Watcrber
Welfare Societ TnLSt o
ratin
as The Watcrbcr
Trust
ort of thc Trustecs
for the Year Endin
31 March 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Waierberg Welfare Society Trust for the purposes of company law) are
responsible for preparing the trnstees, report and accounts in accordance ￿'1th applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a trne and fair view
of the state of affairs of the charitable company and of the income and expendithre of the charitable company for that
period. In preparing these financial statements, the trn5tees are required to=
select suitable accounting policies and then apply them con%istently-
ob5eTve the meihods and principles in Accountinu and Reporting by Charities.. Statement of Recommended
Practice 4ippIicdble to charities preparing their accounts in accordance with the Financial Reporting Standard
appliciible in the UK and Republic of Ireland (FRS 102).
make judgements and estiTnates thal are reasoT]able and prudent-
state whethcr applicablc United Kingdom Accounting Standards have bccn followed, subjcct to any material
departures disc105ed and explained in the accounts- and
prepare the accounts on the going concern basis unless il is inappropriate to presume that the charity will continue
in operation.
The trustees ar¢ responsible for keeping proper accounting records which disclose with reasonable accuracy at any tim¢
the financial position of the charitable company and to enable them to ensure that the financial statements comply with
the Companies Act 2006, the Charities Act 2011, applicable Charity {Accounts and Reports) Regulations and the
provisions of the charity's trust deed. They are also responsible for safeguarding the assels of the charitable company
and hence for taking reasonable steps for the preveniion and detection of fraud and other irregularities.
In so far as the trnslees are aware..
there is no relevant audit infomiation of which the charitable company's examiner5 are unaware; and
the trustees have taken all step5 that they ought to have taken to make themselves aware of any relevant audit
information and io establish that the examiners are aware of that information.
Independent Examiners
Tl)e Independent Examiners, Dunkley's, will be proposed for re-appointment at the forthcoming Annual General Meeting.
ON BEHALF OF THE BOARD:
Barry Burl
(Nov 7, 2024 12:18 GMT)
Barry Burles
Tn]st¢e - Chair
Date..
Page 7

Inde
endent Examiner's Re
Il'aterber
Welfare Socie
ort to the Trustees of
Trust o
eratin
as The Ivaterber
Trust
Independent examiner's report to the trustees of Waterberg Welfare Soeiety Trust operating as The Waterberg
Trust {'the Company,)
I report lo the charity trnstees on my examination of the accounts of the Company for the period l April 2023 to 31 March
2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for
Ihe preparation of the accounts in accordance with the requirements of ihe Companies Act 2006 ('the 2006 Act'}.
Having satisfied myself that the accounts of the c.ompany are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under section 145 of the Charities Act 2011 ('the 201 l ACV). IT] carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5} (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I Confi￿ that no matters have come to my attention in connection with the
examination giving rne cause to believe-
accounting records wcrc not kept in respect of thc Company as requircd by section 386 of thc 2006
thc accounts do not accord with thos¢ TccoTds- OT
thc accounis do not comply with thc accounting rcquircmcnts of scction 396 of thc 2006 Act othcr
than any requirenicnt that the accounts give a true and f2ir view which is not a mattcT considcrcd as
part of an independeni examination. or
the accounts have not b¢¢n pr¢par¢d in a¢cordan¢¢ with th¢ m¢ihods and principles of the Stat¢ment
of R¢¢omm¢nd¢d Pra¢lic¢ lor accounting and reporting by chariii¢s (applicabl¢ to ¢liariti¢s preparing
their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and
Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper underslanding of the accounts to be reached.
Matthcw Dobbins FCA
Dunklcy's
Woodlands Grangc
Woodlands Lanc
Bradlcy Stokc
Bristol
BS32 4JY
Date..
0711112024
Page 8

Waterber
Welfare Socie
TTUSt o
eratin
as The Waterber
Trust
Statement of Financial Activities
for the Year Endin
31 March 2024
31.03.24 31.03.23
Total
Total
funds
funds
Llnrestrietcd
funds
Restrictcd
funds
Notes
INCOME
Donations
Income from other activities
Interest
7.926
13,794
63
26.304
34.230
13.794
63
45,484
8,064
82
Total income
21,783
26.304
48,087
53,630
EXPENDITURE
Charitable aCti￿tieS
Grant Giving
7,184
32.503
39.687
52,257
(Gains)ILosses on investment assets
{331)
(331)
375
Total expenditure
6,853
32,503
39,356
52,632
Net incomel(eipenditure)
14.930
(6,199)
8,731
998
Transfer between funds
14
(2.365)
2.365
RECONCILIATION OF FUNDS
Total funds brought fonvard
49,537
6,587
56,124
55,126
TOTAL FUNDS CARRIED
FORWARD
62,102
2,753
64,855
56,124
Page 9

Waterber
Welfare Socie
TTUSt o
eratin
as The Waterber
Trust
Com
arative Statement of Financial Activities
for the Year Endin
31 March 2023
31.03.23
Total
funds
LTnrestricted
funds
Restricted
funds
Notes
TNCOME
Donations
Income from other activities
Intcrcsl
4,951
8,064
82
40,533
16,823
8,064
82
Total income
13,097
40,533
53,630
EXPENDITURE
Charitable activities
Grant Giving
3.486
48,771
52,257
Losses (Gains) on investment assets
375
375
Total expenditure
3.861
48,771
52,632
Net incomel(expenditure)
9,236
8,238
998
Transfer behveen funds
14
4,198
(4,198)
RECONCILIATION OF FUNDS
Total funds brought forn'ard
36.103
19,023
55,126
TOTAL FUNDS CARRtED
FORWARD
49,537
6.587
56,124
Page 10

Waterber
Welfare Socie
Balance Sheet
At 31 March 2024
TTUSt o
eratin
as The Waterber
Trust
Co. No. 5902240
31.03.24
Total
nds
31.03.23
Total
Funds
Unrestricted
funds
Restricted
funds
Note5
FIXED ASSETS
Invcstmcnts
7.488
7.488
7,157
CURRENT ASSETS
Debiors
Cash at bank
420
59.181
20,000
3,892
20,420
63,073
200
84,413
59.601
23,892
83,493
84,613
CREDITORS
Amounts falling due within one
year
12
(4,987}
(21,139)
(26,126)
(35,fv16)
NET CURRENT ASSETS
54.614
2.753
57,367
48,967
TOTAL ASSETS LESS
CURRENT LIABILITIES
62,102
2,753
64,855
56,124
NET ASSETS
62.102
2,753
64,855
56,124
FUNDS
13
Unrestricted funds
62,102
62,102
49,537
Restricted ￿ndS
2,753
2,753
6,587
TOTAL FUNDS
62.102
2.753
64.855
56,124
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024. The members have not required the company to obLgin an audit of its financial statements for the
year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trnstees acknowledge their responsibilities for
(a)_ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
(bl_ pr¢paring financial slal¢m¢nls ￿'hIch give a lrn¢ and fair view of the stat¢ of affairs of th¢ charitabl¢ company as at
the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements
of Sections 394 and 395 and which other￿'Ise comply with the requirements of the c.ompanies Act 2006 relating to
financial statements. so far as applicable to the charitable company.
These f￿anCIal statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial statements were approved by the Board of Trnstees and authorised for issue on 03.10. 2024,
and were signed on its behalf by:
567kk
Barry Burle
(Nov 7, 2024 12-18 GMT)
Barry Burles
Trustee- Chair
Pagell

Waterber
Welfare Socie
TTUSt o
eratin
a5 The Waterbe
T￿￿t
Notes to the Financial Statements
for the Year Endin
31 March 2024
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
accounts are laid out below.
Basis of preparation
These accounts have been prepared for ihe year to 31 March 2024.
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been Prepared
in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial
slalements have been prepared under the historical cost convention, with the exceplion of investments which are
included at market value.
The accounts arc prcscntcd in sterling and arc roundcd lo thc ncarcst pound.
Critical accounting estimates and areas of judgement
Prcparntion of the financial statcmcnts r¢quir¢s the trustees to make significant judgcmcnls and cstiinatcs.
The Irusl¢es do not consider ihal there ar¢ any sourc¢s of ¢siimalion unc¢rtaintyi or any key judg¢n)¢nts mad¢ in th¢
pr¢paration of th¢ financial statemen￿.
Assessment of going ¢on¢ern
The Iruslces have assessed whether the use of the going concern assumption is appropriate in preparing these financial
slalements. The trustees have made this assessment in respeci 10 a period of one year from the date of approval of d)ese
financial statements.
The Trnstees of the Charity have concluded that there are no material uncertainties related to events OT conditions that
may cast significant doubt on the ability of the Charity to continue as a going concern. Given the additional challenges of
Covid-19 and the Cost of Living Crisis in 2022 and 2023. the Trustees are of the opinion that the Charity will still have
sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the
accounts are detailed above.
iv)
Income recognition
Income is recognised in the pertod in Th'hich the charity has entitlement to the income, the amount of income can be
measured reliably and it is probable that the income will be received.
Incom¢ is dcf¢rrcd only wh¢n thc group or charity has to fulfil conditions b¢forc bccoming cntitlcd to it or wh¢rc the
donor has spccificd that thc incomc is to bc cxpcndcd in a futurc accounting pcriod.
Income comprises donations, investtnent income and interest receivable.
Donations are recognised when the charity has confinnation of both the amount and settlement date. In the event of
donations pledged but not received, the amount is accrued for where ihe receipt is considered probable. In the event that
a donation is subjeci to conditions that require a level of perfonnance before the charity is entitled to the funds, the income
is deterred and not recognised until either ihose condiiions are ￿llY met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Dividends are recognised at the earlier of declaration and notification of dividends or when ihe dividend is received.
Interest on funds held on deposit is included ￿'hen receii'able and the amount can be measured reliably by the charity;
Ihis is nonnally upon notification ot.the interesl paid or payable by the bank.
The notes forni pan of tbese fmancial statements
Page 12

Waterber
Welfare Socie
TTUSt o
ratin
as The Waterber
Trust
Notes to the Financial StatemeT]ts - continued
for the Year Endin
31 March 2024
Eipenditure reeognition
Liabilitics are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the group or
charity to make a payment to a third party, il is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accnlals basis and includes attributable VAT which cannot be recovered.
Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated to the applicable
expenditure heading.
The cost of charitable activities comprises grants payable to nurses, the cost of the TelephoT]e Befriending Service and
allocated support cost5.
Grants payable are included in the statement of financial activities when approved and when the intended recipient has
eiiher received the funds or been infornied of the decision to make ihe grant and has satisfied all related conditions
VA)
Allocation of support and governance eosts
Support costs rcprcscnt indirccl charitablc expcnditurc. In ordcr to carry out the primary purposes of thc charity it is
ncccssary to providc support in th¢ forni of financial and gov¢Tnanc¢ PToc¢dur¢s, provision of offic¢ scrviccs and
cquipmcnt and a suitablc working cnvironmcnt.
Governanc¢ costs Compris¢ all costs r¢laling to the public accountabiliry of the charity and its compliance with regulation
and good practi¢e. Th¢se Costs include cosis relating io lh¢ indep¢ndenl ¢xaminalion of th¢ f1nancial stat¢m¢nts and l¢gal
f¢es.
Support costs and governance cosis are allocated to the chariry's single charitable activity-
vil}
Investments
Listed investments are a forni of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as al the balance sheet date using the closing quoted markei price.
The charity does not acquire put options, derivatives or other complex financial instruments.
Realised gains (or losse5) on investment assets are calculated as the difference between disposal proceeds and their
opening carrying value or their purchase value is acquired subsequent to the r￿St day of the financial year. Unrealised
gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that
date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are
credited (or debited) in the year in M,hich they arise.
Othcr Inv¢stmcnts arc includcd at cost, which is considcrcd to bc approxiinatc to their markct valuc.
viii) Debtors
Debtors are recognised at their settletnent avnount. les5 any provision for non-recoverability. They have been discounted
to the present value of the future cash receipt where such di5COUVlting is vnaterial.
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instnlments that are available on demand or have a inaturity of
less than three months from the date of acquisition.
Creditors and provisions
Creditors and provisions are recognised when ihere is an obligation at the balance sheet date as a result of a past event, it
is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be
estimated reliably. Creditors and proN'isions are recognised at the amount the charity anticipates it ￿.111 pay to settle the
debt. They have been discounted to the present value of the future cash payment ivhere such discounting is material.
The notes fonn part of tbese fmancial statements
Page 13

Waterber
Welfare Socie
TTUSt o
ratin
as The Waterber
Trust
Notes to the Financial StatemeT]ts - continued
for the Year Endin
31 March 2024
xi)
Fund accounting
Restricted funds are monies raised for, and their use restricted to, a specific purpose. or donations subject to donor-
imposed conditions
Unrestricted funds represent those monies ihal are freely available for application towards achieving any charitable
purpose that fall within the charity's charitable objects.
Designated funds are set aside as part of the unrestricted ￿ndS to be used for a particular ￿tUre project OT commitment.
xi1}
Statement of cash flows
The financial staternents do not include a statement of cash flows because ihe charity is exempt from the requirement to
prepare such a statement under the Charities SORP FRS 102 Update Bulletins l and 2.
xiii) Taxation
The charity is exempt from corporation tax on its charitable activities.
xiv) Foreign Currencies
Asscts and liabilili¢s in forcign currcnci¢s ar¢ translatcd into st¢Tling at thc rat¢s of ¢xchang¢ ruling at th¢ balancc sh¢¢t
dat¢. Transactions in forcign curtcncics arc translatcd into stCTling at th¢ Tatc of cxchangc ruling at thc datc of transaction.
Exchangc diffcrcnccs arc tak¢n into account in arriving at th¢ opcrating rcsult.
DONATIONS
Year Ended
31.03.24
Year Ended
31.03.23
Other Donations
Other Donations Restricted Dignity Dreams
The Van Dedem Foundalion Trust Restricted School Nurse/ Counsellor
Other Donations Restricted The Kilroot Foundation
Gift aid
7,706
30
6,274
20,000
220
4,751
4,375
6,158
30,000
200
34,230
45,484
INCOME FROM OTHER ACTIVITIES
Year End¢d
31.03.24
Year End¢d
31.03.23
Fundraising cvcnt incomc - Sponsor¢d Bik¢ Rid¢
13,794
$,064
13.794
8,064
The notes fonn part of these fmancial statements
Page 14

Waterber
Welfare Socie
TTUSt o
eratin
as The Waterbe
T￿￿t
Notes to the Financial Statements - continued
for the Year Endin
31 March 2024
CHARITABLE ACTIVITIES COSTS
Year Ended
31.03.24
Year Ended
31.03.23
Grants lo institutions
Support costs
Governance costs
Note 5
Note 6
Note 7
34.957
3,574
1,156
48,771
3,380
106
39,687
52,257
GRANTS PAYABLE
Year Ended
31.03.24
Year Ended
31.03.23
Grants to institutions
34,957
48,771
The total grants accrued and paid to institutions during th¢ year w¢r¢ as follows:
31.03.24
31.03.23
Dignity Dreams (Restricted)
Northern Education Trust (Restricted) June 23 to May 24
Northern Education Trust (Lnrestricted)
Waterberg Landscape Alliance/Save ihe Waterberg Rhino (Restricted)
3,500
15,071
12,503
2,454
20.000
30,200
34,957
48,771
SUPPORT COSTS
31.03.24
31.03.23
Other resources expended
Management
The notes fonn part of ihese financial statements
Page 15

Waterber
Welfare Socie
TTUSt o
eratin
as The Waterbe
T￿￿t
Notes to the Financial Statements - continued
for the Year Endin
31 March 2024
SUPPORT COSTS (cont.)
Costs. included in the above. are as follows:
Year Ended
31.03.24
Year Ended
31.03.23
Other resources Other resources
expended
expended
Bank charges
Printing, Postage and Stationery
Commission
Administration
Website
238
109
216
2,855
156
292
130
180
2,647
131
3,574
3,380
GOVERNANCE COSTS
31.03.24
31.03.23
Examiners, remuneration
Compani¢5 Housc
1,140
16
90
16
1,156
106
NET tNCOMEI(EXPENDITURE)
N¢1 r¢sour¢es are stal¢d afi¢r ¢hargingl(crediting)=
31.03.24
31.03.23
Examiners, remuneration
1,140
90
TRUSTEES, REMUIYERATION AND BENEFITS
There were no trustees, remunerdtion or otber benefjls for the Year Ending 31 March 2024 nor for the year ended
31 March 2023.
Staff Costs and remuneration of key management personnel
Th¢ ¢harity ¢mploy¢d no m¢mbcrs of staff during thc pcriod. Thc administration and financial managcmcnt of thc
of the charity is outsourced to The Trust Pattnership.
The trustees consider that they comprise the key management of the charity in charge of directing and controlling,
running and opernting the ehatity on a day to day basis. The truste¢s lecei￿ed no remuneration in LonneLtion with
their duties.
Trustees, Expense5
Trustees. expenses amounling to £nil were paid during the Year Ending 31 March 2024
{2023.' £Nil).
The notes fonn part of ihese fmancial statements
Page 16

Waterber
Welfare Socie
TTUSt o
eratin
a5 The Waterbe
T￿￿t
Notes to the Financial Statements - continued
for the Year Endin
31 March 2024
io.
RELA TED PARTIES DISCLOSURES
During the accounting year from l April 2023 to 31" March 2024 there were Trustees of the Waterberg Trust
who were also Trustees or committee members of other Charities or Funds but did not benefit from Grants
made by the Waierberg Trust.
ii.
FIXED ASSET INVESTMENTS
Listed
investments as
at 31"March
2024
MARKET VALUE
Ai 31 MaTch 2023
Additions
Rci'aluations
7,157
331
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
7.488
Ai 31 March 2023
7.157
Thcrc w¢r¢ no inv¢stm¢nt as￿[5 outsid¢ th¢ UK.
Th¢ invcstmcnts hcld as at 31 "' March 2024 arc tr¢at¢d as a rcs¢rvc by Th¢ WatcrbcTg TTUSt, to covcr on¢ ycars,
worth of operating cost.
12.
CREDITORS: Amounts falling due within one vear
31.03.24
31.03.23
Grants payable
Grants payable (Restricted) Waterberg Welfare Society, Food Parcels
Grants payable (Restricted) STWR/WLA grant aCcn￿l
Oiber creditors
1,113
1,139
20,000
3,874
1,113
1,139
30,000
3,394
26,126
35,646
The notes fonn part of ihese fmancial statements
Page 17

Waterber
Welfare Socie
Trust o
eratin
as The Waterber
Tn]st
Notes to the Financial Statcmcnts - continued
for the Year Endin
31 March 2024
13.
MOVEMENT IN FUNDS
Net movement
in funds
At 31.03.23
At 31.03.24
Unrestricted funds
General fund
Designated funds
Sister Grace salary
Food parcel distribution
Kettner Grant
18,091
11,154
29,245
26,135
1,113
4,198
3.865
30,000
1,113
1,744
(2,454)
Restricted funds
Dignity Dream5
Sister Grace salary
2,723
3,864
30
(3,864)
2,753
TOTAL FUNDS
56,124
8,731
64,855
Incom¢ Expcnditur¢
Gains and
(loss¢s)
Fund Mov¢mcnt in
Transfcrs
funds
Unrestricted funds
General fund
21.783
(7,184}
331
(3.776)
Designated funds
Sister Grace salary
Food parc¢l distribution
Kettner Grant
3.865
3,865
(2,454}
(2,454)
Restrieted funds
Dignity Dreams
Sister Grace salary
30
6.274
30
(3,864)
(12,503}
2,365
TOTAL FUNDS
28,087
(19.687)
331
8,731
The notes forni part of these fUk￿claI statements
Page 18

Waterber
Welfare Societ Trust o
ratin
as The Waterber
Trust
Notes to the Financial Statcmcnts - continued
for thc Ycar Endin
31 Mdreh 2024
14. ANALYSIS OF NET ASSETS BETIVEEN FUNDS
2024
Fixcd Assets
Net Assets
Total
Unrestricted funds
General fund
Designated funds
Sister Grace salary
Food parcel distribution
Kettner Grant
7,488
21,757
29,245
30,000
1,113
1,744
30,000
1,113
1,744
Restricted funds
Dignity Dreams
2,753
2,753
TOTAL FUNDS
7,488
57,367
64,855
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
COMPARATIVE ANALYSIS OF NET ASSETS BETII'EEN FUNDS
2023
Fixed Assets
Net Asset5
Total
Unrestricted funds
Gcncral fund
Designated funds
Sister Grace salary
Food parcel distribution
Keitner Grant
7,157
10,934
18,091
26,135
26,135
4,198
4,198
Restricted funds
Dignity Dreams
Sister Grace salary
Kettner Grant
2,723
3,864
2,723
3,864
TOTAL FUNDS
7,157
48,967
56,124
Restricted funds
Dignity Dreams- Funds received specifically to provide Dignity Dreams packs.
Designated funds-
In 2020 Trustees designated £45.000 to fund the salary of Sister Grace through to 2023.
Balance increased to £30,(K)O io cover two years of salary.
Food Parcels purchase and distribution to the mosl needy iviihin the Waterberg by Sister Grace.
Kettner grant giving fi￿d historically transfe￿ed to designaled from restricted as funds not used up.
The note5 form part of these financial statements
Page 19

Waterber
Welfare Socie
Trust o
ratin
as The Waterber
Trusl
Notes to the Financial Statcmcnts - continued
for thc Year Endin
31 Mdreh 2024
YeaT Ended
31.03.24
Year Ended
31.03.23
INCOME
Donations
Bike Ride Donations
Gift aidlreclaimed tax
Interest
34,010
13,794
220
63
45.284
8,064
200
82
48,087
53,630
Total income
48.087
53,630
EXPENDITURE
Grants to institutions
34,957
48,771
Governance costs
Examin¢rs' rcmuncration
Companics Housc
1,140
16
90
16
36,113
48,877
Support costs
anagement
Bank charges
Printing, Postage and Stationery
Commission
Administration
W¢bsil¢
238
109
216
2,855
156
292
130
180
2,647
131
3,574
3,380
Realised (gains)Ilosses
(331)
375
Total expenditure
39,356
52,632
Net income
8,731
998
This page does not fonn part of the slatutory financial statements
Page 20