¢ = : \ ; ANNUAL REPORT AND FINANCIAL STATEMENTS As ‘A eM , e ! ~ i ites F YEAR ENDED 31 MARCH 2022
Charity number 1127564 mas ona :
CONTENTS
Chair and CEO’s Welcome ............................................................................................. 3 Annual Report of the Trustees (incorporating the Director’s Report) ......................... 4 Mission ........................................................................................................................... 4 What We Do ................................................................................................................... 5 Where We Work ............................................................................................................. 8 Achievements and Performance .................................................................................... 9 Financial Review ........................................................................................................... 13 Plans for Future Periods ............................................................................................... 16 Structure, Governance and Management ..................................................................... 17 Legal and Administrative Details ................................................................................. 19 Independent Auditor’s Report ..................................................................................... 25 Statement of Financial Activities ................................................................................. 29 Balance Sheet ............................................................................................................... 30 Notes to the Financial Statements ................................................................................ 31
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CHAIR AND CEO’S WELCOME
Welcome to our 2021/ 22 Annual Report. We are very pleased to report that this year has seen our largest ever programme budget – delivering 12 programmes with 11 different partners. Some of this can be characterised by covid recovery – funds which were unable to be spent last year under pandemic restrictions, but much reflects the need still faced in remote communities, the effects of climate change on the semi- arid areas and our team’s tireless work in finding those vulnerable communities still lacking access to clean water.
In January, we reached our 35[th] year. This is a huge milestone and we could not have achieved it without so many long-term supporters. We are immensely grateful to all those who support us. We couldn’t do this without you all.
During the last 35 years, WaterHarvest has directly supported over two million people, worked in 2,021 villages, and built structures to harvest 1.3 billion litres of rainwater annually. However, our work is far from done. Roughly 2.5 billion people live in the drylands of the world, of which 400 million people are estimated to be living on less than $1.25 a day, most of whom have no access to clean water. As we know, clean water changes lives: girls go to school, women are freed from the anxiety of finding drinking water for their families, the health of the family improves and more money is available for daily living when families do not need to pay for water.
Our programmes for next year are ambitious. We have several large programmes in India continuing with existing partners and we are exploring programmes with new partners in rural communities in other parts of the world where access to drinking water is scarce.
We look forward to the year ahead and thank you for your continued support. Yours,
Neil Mehta Chair of Trustees —
Nicola Floyd CEO
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ANNUAL REPORT OF THE TRUSTEES INCORPORATING THE DIRECTORS’ REPORT
OUR MISSION
We believe that clean drinking water is key to alleviating poverty.
A source of clean water close to the home improves health, increases incomes, enables girls to go to school and leads to a greater sense of wellbeing including a reduction in anxiety and an increase in dignity.
We also believe that using water efficiently can improve the livelihoods of the rural, dryland communities that we work with.
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WHAT WE DO
HOW WE WORK
We work with local partners to help rural communities to secure a clean sustainable source of clean drinking water.
This work focuses on the United Nations SDG 6.1.
“ BY 2030, TO ACHIEVE UNIVERSAL AND EQUITABLE ACCESS TO SAFE AND AFFORDABLE DRINKING WATER FOR ALL.”
We believe that national actors are vital for change in a country. We work with local partners to share our technical expertise and our experience.
We encourage our partners to develop the best, sustainable source of clean water for their community. We do not seek to impose solutions on the communities, rather to offer our help and guidance.
All our partners have strong community links.
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THE PROGRAMMES
Our clean drinking water programmes build structures which catch the rain, either on the roof of a house or on a ground level artificial catchment and then channel the water into a covered, partially submerged storage tank. The water is then stored for use as drinking water throughout the year.
Most of the structures we build are for one family. However, some are for schools and healthcare clinics. The family structures typically hold about 20,000 litres of water, which is just over nine litres of water per day per person for a family of six. The school and healthcare clinic tanks can be up to 50,000 litres.
To improve the quality of the water, families receive water filters and training on how to use them. They also receive training on basic hygiene and sanitation.
In addition to the clean drinking water programmes, we have Water and Environment programmes. The Water and Environment programmes rejuvenate land by building bunds and trenches which hold the rainwater, allowing it to percolate down.
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SUSTAINABILITY
With 35 years of working with rural communities to bring clean water, we know how important it is to ensure our programmes are sustainable. Sustainability is, and always has been, embedded in everything we do – from the original programme design to the external evaluations and to the follow up with the communities many years later. We have worked with many of these communities for over 30 years and continue and monitor to see the impact of our earlier programmes.
MONITORING OUR PROGRAMMES
Programmes are monitored through a combination of written reports, photos, our mobile app, zoom calls and in person meetings. This year our mobile app has been used across nearly all our clean drinking water programmes. The app, which can be downloaded onto any android device, enables the field workers to register
beneficiaries, take baseline surveys and track the progress of the construction of the structures. All the data is uploaded to the cloud and can be viewed in Tableau and also excel files. This has hugely decreased the burden on the field workers and also the office teams.
EVALUATING OUR PROGRAMMES
All our programmes are evaluated internally and externally. Programmes are evaluated by the Programme Committee, and they are also evaluated by an external evaluator. The external valuation reports are reviewed by the Programme Committee, and any recommendations are taken into account when designing new programmes.
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WHERE WE WORK
This year we have worked in rural, dryland communities in Rajasthan and Gujarat in India and also in Kenya. Going forward, we are exploring the possibilities of working in other areas, both in India and in Africa.
PROGRAMMES
During the year, we had eleven programmes in India. Ten of these were in Rajasthan and one was in Gujarat. Nine programmes were focused on harvesting rainwater for clean drinking water, one focused on livelihoods and one on rainwater harvesting for land rejuvenation. In addition, we completed a small pilot programme which helped build a further two rainwater harvesting structures at health clinics in Kenya.
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ACHIEVEMENTS AND PERFORMANCE
HIGHLIGHTS
This year we had our highest programme budget ever. This was partly due to the reduced programme budget of 2020/21, as a result of the pandemic. Our strong team in India has worked tirelessly to deliver 11 planned programmes on budget and on time. We also ran a small pilot programme in Kenya. This is a huge achievement and one of which we are very proud. Programmes are managed in real time using Commcare, a data collection app, with quarterly reporting using Calxa, financial management reporting and budgeting software.
Of the 12 programmes, 10 were focused on clean drinking water. We built 277 rainwater harvesting structures. 275 of which were for households in India and two for health centres in Kenya.
We also rejuvenated 28 hectares of land, worked with 55 farmers equipping them with irrigation systems and built seven community farm ponds. As a result, in total, this year we have helped 22,958 people and worked in 96 villages.
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We started six new programmes during the year. Three were in the Thar desert and focused on building water harvesting structures to provide families with clean drinking water.
The fourth also built water harvesting structures for clean drinking water but focused on disabled people. This project also included providing specially adapted toilets and improving access to water for disabled people.
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LEVERAGE
All our programmes require a contribution from the local community. This is typically done in the form of labour – most families help with the excavation stage of the rainwater harvesting structure. It not only reduces the cost of the programme, meaning more families can be included, but also fosters a sense of ownership of the structure among the community. This is key to ensuring the structure is well maintained and the programme is sustainable. In some exceptional circumstances, where the family is not able to contribute, this does not exclude them from the programme.
In addition to community contributions, we also leverage funds from partners, corporates and governments. The level of leverage varies between programmes. Our programme in Gujarat has a high level of leveraging due to a partnership with a corporate donor.
This year the overall leverage figure for the total programme budget was 46%. This meant that for every £1 donated, £1.46 of work was done. This was slightly higher than last year’s average of 40%, taking our three-year average to 51%.
Community Contribution (Local & CSR)
Community WaterHarvest 46% 54% °
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COMMUNICATIONS
We communicate our work on a regular basis. We publish updates to the blog page of our website and send out a newsletter ‘WaterHarvest News’. We also produce an Annual Review which summarises highlights from our Annual Report and hold online events in the evenings.
We continue to be hugely grateful to the Matthew Good Foundation for their ongoing support in producing videos.
We hosted around 45 supporters in the River Room of the House of Lords event in October, very kindly sponsored by our Patron Lord Bhikhu Parekh. Due to covid restrictions and some supporters and staff having to isolate, this was a smaller than normal gathering. However, it was wonderful to see and be able to thank many of our supporters. Our India director, Om Prakash Sharma, was unable to attend in person due to covid restrictions but he ‘zoomed’ in. It was fantastic for supporters to be able to hear from him directly and ask questions.
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FINANCIAL REVIEW
Total income for 2021/22 was £373,243 (2021: £410,220). This represents 9% decrease from last year, reflecting the tough fundraising environment for charities working outside the UK. This was particularly noticeable with Trusts and Foundations.
Restricted income at £80,146 was 21% of our funding. This represents an increase on last year’s level of 8%. Income from Trusts and Foundations continues to be our largest source of funding at 43%. Individual and community donations (27%) are our second largest source of funding. Corporate donations also remain an important sector for us (20%). As the pie charts below reflect, income from legacies increased this year. We would particularly like to thank the donors listed below: -
Altor Foundation Archer Trust Aspiga Bartle Family Charitable Trust Bushell, Ms Julie Fair Ground, Fair Trade, Wimborne Four Acre Trust Giftsonline4U Jain Samaj Manchester Jam Trust Jeremy Alexander Settlement Kate Farrer Foundation Matthew Good Foundation Monsoon Accessorize Trust One World Group, Oxted Paget Trust Shears Foundation St Michael’s and All Angels Church Bedford Park Tresanton Trust W F Southall Trust Winchester Rotary Club
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Principal Sources of Income 2021/22
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Individual and community donations Legacies and memorials
Sales and events Corporate
Trusts and Foundations Investment Income
1%
27%
43%
12%
0%
20%
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Principal Sources of Income 2020/21
Individual and community donations Legacies and memorials Corporate Trusts and Foundations Investment Income
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1%
24%
6%
60%
9%
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The total expenditure on charitable activities was £384,583 (2021: £298,417) including support costs and governance costs. This represents a 29% increase on last year, due to some of the work originally planned for 20/21 being completed in this financial year as COVID restrictions eased. We also worked on six new projects in the second half of the year.
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Rainwater harvesting for clean drinking water continues to be our biggest programme area representing 87% of total charitable spend. We expect this to continue going forward.
The cost of raising funds was £51,485 (2021: £61,533). This represents a 16% decrease on last year, partly due to our part time fundraiser leaving during the year as a result of ill health. Fundraising costs include the cost of employing our fundraising staff and the production of communication materials. We work hard to ensure we continue to be efficient and keep our costs low. For every pound raised, just over 14p was spent on fundraising. This is a similar level to last year. Governance costs were £6,615 (2021: £5,562). This comprises the audit in this financial year and the cost of re-registration of our India Liaison Office.
RESERVES
At the year end, our overall reserves are £277,020, which translates to 10 months of the annual budget. This is clearly above the trustees’ policy of 4–6 months of the annual budget. However, the trustees felt that it was acceptable given the impact of COVID on our programmes. Our free reserves are £142,051. This represents funds which have not already been committed to projects in designated funds for the next financial year and represents 5 months of the annual budget.
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PLANS FOR FUTURE PERIODS
This year our work in India continues with a substantial programme in both Rajasthan and Gujarat, working with four different partners. The work continues to include rainwater harvesting in remote, vulnerable communities and land rejuvenation for herders and their families.
However, with WaterHarvest now in its 36th year, Om Prakash and his team are able to manage the programmes with increasing independence, freeing us in the UK to focus on building new partnerships in other parts of the world. Furthermore, our sister organisation, Water Wisdom Foundation, continues to grow and this year completed a successful programme the Udaipur district. Water filters were distributed to three hundred families in six villages and availability of piped water benefited fifty families. Unlike WaterHarvest, Water Wisdom Foundation is able to raise funds within India and we expect this growth to continue, particularly from individuals and corporates. At present, due to local regulations, WaterHarvest is unable to fund Water Wisdom Foundation. However, we work closely with the team at Water Wisdom to share our experience and knowledge and we hope to be able to fund them in the not too distant future.
After much research, we are exploring several new pilot programmes in sub–Saharan Africa. These potential pilots are all in rural areas, where access to drinking water is scarce and communities are vulnerable. Like our work in India, we will continue to work through ‘on the ground’ partners with strong local community links and who share our values. Last year, we completed a small pilot programme building rainwater harvesting tanks for schools and health centres in Kenya. We are exploring options with partners and will share more details on these exciting programmes over the coming months.
As a result, our fundraising focus will now be on Africa. Many of our India programmes are now fully funded and, therefore going forward, funds we raise may be used to help vulnerable communities in Africa to have access to clean drinking water. We are very excited about this new chapter and very much hope that you will continue with us on this journey.
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WaterHarvest Annual Report 2021/2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
WaterHarvest is a company limited by guarantee and is governed by its Memorandum and Articles of Association updated on 11[th] October 2017.
Reference and Administration details
WaterHarvest Limited is a company limited by guarantee (registered in England and Wales no 06484901) and a charity (registered in England and Wales, no. 1127564). Our India office is registered as a Liaison Office under Indian regulations.
The trustees keep the organisation of the charity under review and seek to ensure that it is adequately structured and resourced to meet the needs of its operations. They hold quarterly meetings to review the work of the charity. In addition, each trustee sits on either the Programme, Business Development/ Digital or Finance committee. They also all take an active role in fundraising.
Trustees' appointment and induction
Trustees serve for an initial three-year term, after which they may be appointed to stand for another three-year term. New trustees are appointed by the existing trustees, taking account of the skills, knowledge and experience. Under normal times, trustees are encouraged to visit India (usually at their own expense) to see first-hand the work supported by the charity, but this has not been possible this year.
Finance Committee
The Finance Committee meets each quarter to monitor the financial performance of the charity. Each trustee receives a copy of the management accounts on a monthly basis.
Programme Committee
The Programme Committee meets every quarter to discuss any challenges to current programmes, to consider new programmes proposals, to review evaluations on completed programmes and R & D proposals.
The trustees decided to incorporate the Finance and Programme Committees into the Board at the Strategy Meeting in March, with immediate effect.
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Senior Management
Within the UK office, there were four paid staff (3.5 full-time equivalent), with Nicola Floyd as CEO, Julia Seal as Fundraising Manager and Dawn Flach as Operations and Finance Manager. Trustees, interns and other volunteers make a range of valuable contributions to the organisation's work. Om Prakash Sharma is the India Country Director. He is joined by Dinesh Sharma as Finance Manager.
Public benefit statement
In exercising their powers and duties, the trustees have due regard for the guidance on public benefit published by the Charity Commission. WaterHarvest's activities give rise to identifiable public benefits, primarily in India but also, to a lesser extent, in the UK through the talks given in schools and community groups.
Risk management
We review risks on a quarterly basis and maintain a register of risks ranked according to probability and impact.
Restricted funds
The restricted funds referred to in Note (20) of the Financial Statements are held for the purposes agreed with the donors and are expended as the relevant programmes progress.
Reserves policy
The trustees confirmed the reserve policy of reserves between 4 to 6 months of total budget (including programmes). However, the trustees acknowledged that during the COVID 19 pandemic, it is acceptable for reserves to be above the upper limit of the reserves policy.
Safeguarding
The trustees reviewed the Safeguarding Policy document and no changes were made.
Appointment of auditors
The board decided to re-appoint Fiander Tovell.
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LEGAL AND ADMINISTRATIVE DETAILS
Name WaterHarvest Limited Charity Number 1127564 Company Number 06484901 Registered Office Basepoint, 1 Winnall Valley Road, Winchester SO23 0LD, UK Website Address www.water-harvest.org India Liaison Office 2F-17C, Shanti Nagar, Hiran Magri, Sector No 5 Udaipur 313001 Rajasthan, India Bankers HSBC Bank plc 58 High Street, Winchester, SO23 9BZ Auditors Fiander Tovell Stag Gates House 63/64 The Avenue Southampton SO17 1XS
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DIRECTORS AND TRUSTEES
The directors of the charitable company (the charity) are its trustees for the purpose of charity law.
The following trustees held office from 1[st] April 2021:
Neil Mehta (Chair)
Neil has over 20 years of board level experience. He is an entrepreneur and digital technologies innovator. He has been involved in Tech4Good businesses, government funded bodies and charities. Neil is Chair of WaterHarvest Board and is a trustee of another UK charity. Neil provides overall long-term strategic direction and guidance to the trustees’ board and support for the CEO in achieving the objectives of WaterHarvest and is a member of the Finance Committee.
Dr Kevin L Cook (resigned October 2021)
Kevin is a retired lecturer in Geography. He has a special interest in development issues. He has been a supporter of the charity since it was founded. Kevin chaired the Programme Committee.
Dr Maureen Gupta (resigned October 2021)
Maureen was born in Shillong, North-East India and after graduating as a doctor, was posted to Karnataka, before moving to the UK where she worked in the NHS for over 30 years. Maureen was a member of Programme Committee.
Peter McManus (resigned June 2021)
After more than 40 years in the computer industry, Peter is now a trustee of several charities, including WaterHarvest and Churches Together in Winchester. He was IBM Europe Development Director (Entry Systems), and also one of the founders of the software company, Active Navigation, a leader in Information Governance. Peter was a member of the Finance Committee.
Dr Max M Wilson
Max has a doctorate in Metallurgy. He has held senior management positions in large companies in UK and overseas. Latterly, he specialised in helping small high-tech companies to grow. As a result of many visits to Water Harvest projects in India, he has a comprehensive knowledge of the local situation. Max chairs the Finance Committee and is a member of the Programme Committee.
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Fiona Beukes
Fiona has an extensive background in financial services marketing and communications, particularly supporting the growth of investment and wealth management propositions. Recent projects have included a brand redevelopment and relaunch, enterprise marketing for a go-to-market long-term savings platform as a service and developing digital user experience and engagement strategies. She is a Fellow of the Chartered Management Institute and holds an OUBS MBA. Fiona has a special interest in ESG issues, sustainable development and social impact enterprises. Fiona is a member of the Finance Committee.
Ellie Shepherd (resigned June 2021)
Ellie has a background in financial services with her key area of interest being customer experience. Ellie brings her knowledge of marketing and communications alongside a focus on foresight so we can develop a future focussed strategy for fundraising as well as project delivery.
Steve Welch
Steve comes from a Software Engineering, Agile development and Coaching background. He was a Cisco Engineering Director for Unified Communications, as well as a member of the Cisco UK & Ireland Leadership board. He is the chair and Non-Executive Director of a FinTech start-up company and board advisor to an IT Consultancy firm, working in the public sector (Highways England). Steve is a member of the Programme Committee.
Gareth Davies
Gareth spends his professional life in consulting and leadership of various businesses, principally in the healthcare arena. He is engaged in creating education and water provision facilities throughout India and Africa with various small organisations, and works locally in community support projects. He is a Trustee of the Clive Richards Foundation and volunteer RNLI crew in addition to singing to raise money for charity with the Sheringham Shantymen. Gareth is member of the Programme Committee.
Alice La Trobe Weston
Alice has over 25 years’ experience working in the financial sector. She was an investment manager and analyst at Morgan Stanley Investment Management for 15 years, with varied responsibilities including managing €6bn of fixed income assets, working in both London and New York. She is now an impact fund manager, working at a social and environmental impact fund of funds. Alice is a member of the Finance Committee. She is also a trustee at The Pilgrim Trust, as well as being a school governor.
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Justin Boynton
Justin is a passionate technologist and digital agency owner with a background in software development and marketing technology. He enjoys working collaboratively and with purpose, helping people to achieve goals and to reach their full potential. Justin provides digital marketing support to WaterHarvest.
Patrons
Sir Mark Tully
Lord Bhikhu Parekh
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TRUSTEES' RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS
The trustees (who are also directors of WaterHarvest Limited for the purposes of company law) are responsible for preparing the Annual Report of the Trustees and the financial statements in accordance with 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 true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2015 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company’s auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of
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that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approval
I declare, in my capacity as a trustee, that the trustees have approved this report and have authorised me to sign it on their behalf.
Neil Mehta
I te
Trustee – Chair
Date: 23[rd] September 2022
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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WATERHARVEST LIMITED
Opinion
We have audited the financial statements of WaterHarvest (the ‘charitable company’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
Responsibilities of Trustees
As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise
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from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
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we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience.
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, employment, environmental and health and safety legislation.
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.
We assessed the susceptibility of the company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
Audit response to risks identified
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships.
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tested journal entries to identify unusual transactions.
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.
-
investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation.
-
enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
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Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditors responsibilities. This description forms part of our auditor's report.
Paul Meacher FCA (Senior Statutory Auditor) for and on behalf of Fiander Tovell Limited
Date: 23[rd] September 2022
Chartered Accountants Statutory Auditor
Stag Gates House 63/64 The Avenue Southampton Hampshire SO17 1XS
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STATEMENT OF FINANCIAL ACTIVITIES
Statement of Financial Activities including income and expenditure account for the year ended 31[st] March 2022
| Notes Income Donations and legacies 3 Other trading activities 4 Investment income 5 Total income Expenditure Raising funds: Donations & legacies 6 Sales 6 Communications 6 Charitable activities: 7/8 Sustainable water projects Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted Funds 2022 Total 2021 Total £ £ £ £ |
|---|---|
| 288,032 80,146 368,178 404,639 382 - 382 933 4,683 - 4,683 4,648 |
|
| 293,097 80,146 373,243 410,220 |
|
| 49,662 - 49,662 52,813 - - - - 1,823 - 1,823 8,720 296,701 87,882 384,583 298,417 |
|
| 348,186 87,882 436,068 359,950 |
|
| 12,520 - 12,520 25,321 |
|
| (42,569) (7,736) (50,305) 75,591 |
|
| - - - - |
|
| (42,569) (7,736) (50,305) 75,591 |
|
| 291,488 35,837 327,325 251,734 |
|
| 248,919 28,101 277,020 327,325 |
The Company’s incoming resources and resources expended all relate to continuing operations. The Financial Statements are presented in Sterling which is the functional currency of the Company and are rounded to the nearest £. The Company does not have any endowment funds.
The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 31 to 50 form part of these financial statements.
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BALANCE SHEET
Balance sheet as at 31[st] March 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed assets | |||
| Tangible assets | 14 | 1,242 | 1,389 |
| Investments | 15 | 163,791 | 151,271 |
| 165,033 | 152,661 | ||
| Current assets | |||
| Debtors | 16 | 44,547 | 41,171 |
| Cash at bank and in hand | 17 | 78,833 | 149,314 |
| 123,380 | 190,485 | ||
| Creditors: amounts due in one year | 18 | 11,393 | 15,820 |
| Net current assets | 111,987 | 174,665 | |
| Total assets less current liabilities | 277,020 | 327,325 | |
| Net assets | 277,020 | 327,325 | |
| The funds of the charity: | |||
| Unrestricted funds: | 19 | ||
| General fund | 78,260 | 80,754 | |
| Investment valuation reserve | 63,791 | 51,271 | |
| 142,051 | 132,025 | ||
| Restricted funds | 20 | 28,101 | 35,837 |
| Designated fund TBS Sarsa 2 | - | 8,656 | |
| Designated fund Samerth Kutch 2 | 36,970 | 43,454 | |
| Designated fund GVNML Sambhar 2 | 38,569 | - | |
| Designated fund PKS Charasada 3 | 31,329 | 37,836 | |
| Designated fund Gravis Jaisalmer 3 | - | 41,959 | |
| Designated fund Apna Sansthan | - | 22,558 | |
| Designated fund Mando Maasai | 5,000 | ||
| Total funds | 277,020 | 327,325 | |
| The notes at pages 28 to 48 form part of these accounts. | to 48 form part of these accounts. |
The Financial Statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small entities.
Approved by the Board for issue on 23[rd] September 2022.
Neil Mehta, Trustee - Chair
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NOTES TO FINANCIAL STATEMENTS
Notes to the Financial Statements for the year ended 31[st] March 2022
1 Statutory information WaterHarvest is a company limited by guarantee, registered in England and Wales, without share capital. There were 7 trustees at the balance sheet date (2021: 8 trustees) The company's registered number and registered office address can be found in the Annual Report of the Trustees.
2 Accounting policies
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(a) Basis of preparation
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 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements are presented in Sterling, which is also the functional currency of the company.
- (b) Statement of Cash Flows - reduced disclosure exemptions
The company has taken advantage of the disclosure exemption, not to prepare a Statement of Cash Flows, as permitted by section 7 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and 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 1 January 2015) (as amended by Update Bulletin 1 published on 2 February 2016)'.
- (c) Preparation of consolidated financial statements
The company does not consolidate the accounts of the India Liaison office into the financial statements of WaterHarvest as the control of the India Liaison office resides in India. Information on the India Liaison office is given in note 27.
(d) Going concern
The financial statements have been prepared on a going concern basis and the trustees have considered the impact of the global Covid-19 pandemic on the ability of the charity to continue
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
trading for the foreseeable future. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
(e) Periods covered
The financial statements cover the year to 31[st] March 2022, with comparatives for the year to 31[st] March 2021.
(f) Fund accounting
Unrestricted funds are general funds that are available for use at the trustees’ discretion in the furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.
Restricted funds are those donated for use in a particular area for specific purposes, the use of which is restricted to that area or purpose.
(g) Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Income from general donations is recognised in the financial statements when it is received or when the charity has been notified of the amounts and the settlement date in writing.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed if material.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Investment income is earned through holding assets for investment purposes. Investment income is accrued and included in the period for which it is receivable.
(h) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. Where sufficient evidence exists to demonstrate the requirement of Charities SORP (FRS 102) (effective 1 January 2015) that the discretion retained by the trustees to not provide future funding under annual reviews does have substance then the forward grant commitments on projects are not recognised as a provision.
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include central functions and governance costs and have been allocated to activity cost centres on the basis of the value of grants granted. It is felt that the small size of the charity and the low level of expenditure do not warrant incurring costs in collecting and analysing the information necessary for any other basis of allocation. This policy is kept under review.
Staff costs are allocated between costs of raising funds and support costs, based on the primary roles undertaken by each staff member.
- (i) Donated goods and volunteer and other donated services
Donated goods are recognised in different ways dependent on how they are used by the charity. The charity has not received any goods for use by the charity.
The value of services provided by volunteers is not incorporated into these financial statements. Where services are provided to the charity either as a donation or at less than commercial cost they are included in the financial statements at actual cost incurred.
(j) Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result
(k)
Taxation
Irrecoverable VAT is not separately analysed and is charged to the statement of financial activities when the expenditure to which it relates is incurred.
Tax recovered from voluntary income received under Gift Aid is recognised when the related income is receivable and is allocated to the income category to which the income relates.
The company's income from charitable activities is exempt from taxation.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
-
(l) Operating leases
-
Rental payments under operating leases are charged as expenditure as incurred over the term of the lease.
-
(m) Tangible fixed assets and depreciation
-
Tangible fixed assets are capitalised at cost and are depreciated on a straight line basis at an annual rate of 10% over their estimated useful lives.
-
(n) Investments
-
Investments held as fixed assets are stated at market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.
-
(o) Cash at bank and in hand
-
Cash at bank and cash in hand includes cash and highly liquid bank accounts. Cash held as part of an investment portfolio is included with the investment to which it relates.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
-
(p) Debtors and creditors receivable / payable within one year
-
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
-
(q) Pension costs and other post-retirement benefits WaterHarvest makes contributions to a money purchase scheme. The cost is charged to the Statement of Financial Activities as incurred.
-
(r) Judgements and key sources of estimation uncertainty
-
In the application of the charitable company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and the underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
3 Donations and Legacies
| 3 Donations and Legacies |
||
|---|---|---|
| Donations and legacies Individual & Community Donations Legacies and memorials Corporate Trusts and foundations Comparatives for donations and legacies Individual & Community Donations Legacies and memorials Corporate Trusts and foundations 4 Other trading activities Sales and events Comparatives for other trading activities Sales and events |
Unrestricted funds Restricted funds 2022 2021 £ £ £ £ 99,613 - 99,613 99,183 34,241 - 34,241 22,859 14,464 59,132 73,596 35,220 139,714 21,014 160,728 247,376 |
|
| 288,032 80,146 368,178 404,639 |
||
| Unrestricted funds Restricted funds 2021 £ £ £ 99,183 - 99,183 22,859 - 22,859 3,329 31,891 35,220 247,376 - 247,376 372,748 31,891 404,639 Unrestricted funds Restricted funds 2022 2021 £ £ £ £ 382 - 382 933 |
||
| 382 - 382 933 |
||
| Unrestricted funds Restricted funds 2021 933 - 933 933 - 933 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
| 5 Investment income Bank deposit interest Income from investment assets Comparatives for investment income Bank deposit interest Income from investment assets 6 Costs of raising funds Fundraising costs Costs of purchased goods Communications Comparatives for costs of raising funds Fundraising costs Costs of purchased goods Communications |
Unrestricted funds Restricted funds 2022 2021 £ £ £ £ 18 - 18 76 4,665 - 4,665 4,572 |
|---|---|
| 4,683 - 4,683 4,648 |
|
| Unrestricted funds Restricted funds 2021 £ £ £ 76 - 76 4,572 - 4,572 4,648 - 4,648 Unrestricted funds Restricted funds 2022 2021 £ £ £ £ 49,662 - 49,662 52,813 - - - - 1,823 - 1,823 8,720 |
|
| 51,485 - 51,485 61,533 |
|
| Unrestricted funds Restricted funds 2021 £ £ £ 52,813 - 52,813 - - - 8,720 - 8,720 61,533 - 61,533 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
7 Details of charitable activities
The total expenditure on grants to partners and support costs was as follows:
| Grant | Support | Governance | Total | Total |
|---|---|---|---|---|
| funding | costs | costs | 2022 | 2021 |
| £ | £ | £ | £ | £ |
| 285,341 | 92,627 | 6,615 | 384,583 | 298,417 |
The total expenditure on grants to partners, support costs and governance costs can be broken down by project type, or by geographical area, as follows:
| Grant funding £ Support costs £ Governance costs £ Total 2022 £ Total 2021 £ |
|
|---|---|
| Project type Clean Drinking Water Water & Livelihood Water & Environment Monitoring & Evaluation Geographical area Aravalli Hills Desert Regions Sambhar Lakes Africa Monitoring & Evaluation |
248,458 80,654 5,760 334,872 168,539 9,406 3,053 218 12,677 93,988 25,686 8,339 595 34,620 35,424 1,791 581 42 2,414 466 |
| 285,341 92,627 6,615 384,583 298,417 |
|
| 52,686 17,103 1,221 71,010 106,120 146,054 47,413 3,386 196,853 91,043 78,016 25,325 1,809 105,150 95,856 6,794 2,205 157 9,156 3,392 1,791 581 42 2,414 466 |
|
| 285,341 92,627 6,615 384,583 298,417 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
7 Details of charitable activities (continued)
Comparatives for details of charitable activities
For the year ended 31[st] March 2020 the total expenditure on grants to partners, support costs and governance costs can be broken down by project type, or by geographical area, as follows:
| Grant funding £ Support costs £ Governance costs £ Total 2021 £ |
|
|---|---|
| Project type Clean Drinking Water Water & Livelihood Water & Environment Publications Water Quality Monitoring & Evaluation Geographical area Aravalli Hills Thar Desert Sambhar Lakes Publications – all areas Monitoring & Evaluation |
107,720 57,678 3,141 168,539 60,071 32,165 1,752 93,988 22,641 12,123 660 35,254 - - - - - - - - 298 159 9 466 |
| 190,730 102,125 5,562 298,417 |
|
| 67,826 36,317 1,978 106,120 58,189 31,157 1,697 91,043 61,904 33,146 1,805 95,856 - - - - 298 159 9 466 |
|
| 190,730 102,125 5,562 298,417 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
8 Grants payable
Grant funding is paid to local voluntary partner organisations. The grants provided to these organisations were as follows:
| rganisations were as follows: | ||
|---|---|---|
| Area Partner organisation |
£ | £ |
| Aravalli Hills Mahan Seva Sansthan Taran Bharat Singh Apna Sansthan India Natural Resource Economics and Management foundation Ahmedabad(INREM) Desert Regions Gramin Vikas Vigyan Samiti Jal Bhagirathi Foundation Samerth Charitable Trust Urmul Seemant Samiti Gramin Vikas Sansthan ARAVALI Sambhar Lakes Gram Vikas Navyuvak Mandal Prayas Kendra Sanstha Harsoli Africa Mando Maasai Monitoring & Evaluation – all areas Total grants payable |
15,341 9,406 18,097 9,842 52,686 53,000 - 39,836 31,622 21,596 - 146,054 25,686 52,330 78,016 6,794 1,791 285,341 |
22,894 37,177 7,755 - |
| 67,826 | ||
| 21,952 1,814 5,843 9,527 9,526 9,527 |
||
| 58,189 | ||
| 22,641 39,263 |
||
| 61,904 | ||
| 2,513 298 190,730 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
9 Support and governance costs
These costs have been apportioned across the work of the charity on the basis disclosed in note
1(h) and allocated to each of the charity’s activities as set out in the table below:
Monitoring and support costs
| Monitoring and support costs | ||||
|---|---|---|---|---|
| Clean Drinking Water Water & Livelihood Water & Environment Monitoring & Evaluation Total costs allocated |
India Office £ 33,609 1,272 3,474 242 38,597 |
UK Office £ 47,047 1,781 4,864 339 54,031 |
Total 2022 £ 80,655 3,053 8,338 581 92,627 |
Total 2021 £ |
| 57,678 32,165 12,123 159 |
||||
| 102,125 |
| Governance Costs Clean Drinking Water Water & Livelihood Water & Environment Monitoring & Evaluation Total costs allocated |
Total 2022 £ 5,760 218 595 42 6,615 |
Total 2021 £ 3,141 1,752 660 9 |
|---|---|---|
| 5,562 |
Governance costs are associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with generating funds or charitable activity. This includes costs associated with constitutional and statutory requirements of the charity, such as cost of preparing period end statutory accounts and external audit costs.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
10 Net income/(expenditure)
Net income/(expenditure) for the year is stated after charging:
| Depreciation charge for year Auditor's remuneration - audit work India Office Re-registration 11 Staff Costs UK Staff Costs Salaries, wages and benefits in kind National Insurance costs Pensions Total |
2022 £ 147 5,730 885 2022 £ 84,255 3,412 993 88,660 |
2021 £ |
||
|---|---|---|---|---|
| 421 5,562 - 2021 £ 81,658 2,824 1,049 85,531 |
||||
The average monthly number of employees during the year was 3.5 (2021: 3.5). The average number of employees in the UK, full time equivalent, was 2.5 (2021: 2.5). There were the equivalent of 3 employees in the India office.
No employees received emoluments in excess of £60,000.
The key management personnel of the charity comprises the trustees and the CEO Nicola Floyd. See note 12 for details on trustees’ remuneration.
12 Trustees’ Remuneration
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. There was no reimbursement to trustees (2021: £0).
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
13 Comparatives for the Statement of Financial Activities
| Income Donations and legacies 3 Other trading activities 4 Investment income 5 Total income Expenditure Raising funds: Donations & legacies 6 Sales 6 Communications 6 Charitable activities: 7/8 Sustainable water projects Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted funds 2021 Total £ £ £ |
|---|---|
| 372,748 31,891 404,639 933 - 933 4,648 - 4,648 |
|
| 378,329 31,891 410,220 |
|
| 52,813 - 52,813 - - - 8,720 - 8,720 213,201 85,216 298,417 |
|
| 274,734 85,216 359,950 |
|
| 25,321 - 25,321 |
|
| 128,916 (52,325) 75,591 - - - 128,916 (52,325) 75,591 |
|
| 162,571 89,162 251,734 |
|
| 291,488 35,837 327,325 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
14 Tangible Fixed Assets
| Cost Cost at 1stApril 2021 Additions Asset Disposal As at 31stMarch 2022 Depreciation As at 1stApril 2021 Charge for year As at 31stMarch 2022 Net Book Value At 31stMarch 2022 At 31stMarch 2021 15 Fixed Asset Investment Cost or valuation As at 1stApril 2021 Revaluation As at 31stMarch 2022 Net Book Value At 31stMarch 2022 At 31stMarch 2021 |
Fixtures & fittings £ |
|---|---|
| 7,270 84 84 |
|
| 7,270 | |
| 5,881 147 |
|
| 6,028 | |
| 1,242 | |
| 1,389 | |
| Unlisted investments £ |
|
| 151,271 12,520 |
|
| 163,791 | |
| 163,791 | |
| 151,271 |
There were no investment assets outside the UK. Investments comprise of COIF Charities Ethical Investment Fund.
16 Debtors
| vestment Fund. ebtors |
||
|---|---|---|
| Income tax recoverable Prepayments and accrued income Other debtors |
2022 £ 2,249 42,214 84 44,547 |
2021 £ |
| 2,621 35,324 3,227 |
||
| 41,171 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
| 17 Cash at bank and in hand BMM & Current bank account COIF Account 18 Creditors Accruals and deferred income Trade creditors Other creditors |
2022 £ 65,761 13,072 78,833 2022 £ 9,230 298 1,865 11,393 |
2021 £ |
|---|---|---|
| 50,919 98,395 |
||
| 149,314 | ||
| 2021 £ 12,860 1,062 1,820 |
||
| 15,820 |
19 Movement on unrestricted funds
| Movement on unrestricted funds | ||
|---|---|---|
| Unrestricted Investment Valuation Reserve |
Unrestricted General Funds |
Unrestricted Total funds |
| £ | £ | |
| Balance at 1stApril 2021 51,271 |
240,217 | 291,488 |
| Net movement in funds 12,520 |
(55,089) | (42,569) |
| 63,791 | 185,128 | 248,919 |
| Comparatives for movement on unrestricted funds | ||
| Unrestricted Investment Valuation Reserve |
Unrestricted General Funds |
Unrestricted Total funds |
| £ | £ | |
| Balance at 1stApril 2020 25,950 |
123,858 | 149,808 |
| Net movement in funds 25,321 |
116,359 | 141,680 |
| 51,271 | 240,217 | 291,488 |
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
20 Movement on restricted funds
| Charasada Jaisalmer 2 Kutch 2 Bikaner 2 Total |
B/fwd 1/4/2021 Income Charitable expense C/fwd 31/3/2022 £ £ £ £ |
|---|---|
| 21,299 59,132 52,330 28,101 14,538 - 14,538 - - 10,000 10,000 - - 11,014 11,014 - |
|
| 35,837 80,146 87,882 28,101 |
Comparatives for movement on restricted funds
| Jaisalmer 2 Charasada Barmer 2 Total |
B/fwd 1/4/2020 Income Charitable expense C/fwd 31/3/2021 £ £ £ £ |
|---|---|
| 36,491 - 21,952 14,538 28,671 31,891 39,264 21,299 24,000 - 24,000 - |
|
| 89,162 31,891 85,216 35,837 |
The projects on which restricted funding was spent are as follows:-
Project code Project partner Project title
Charasada Prayas Kendra Sustainable water management and support to reduce Sanstha the vulnerability of women by enabling safer drinking water along with improved sanitation and hygiene practice to deprived section of communities Jaisalmer 2 Gramin Vikas Access to Safe Drinking Water for the water stressed Vigyan Samiti communities of Thar Kutch 2 Samerth Charitable Providing safer drinking water to marginalized Trust communities by household and community level water harvesting initiatives Bikaner 2 URMUL Seemant Community development by increasing access to Samiti clean drinking water for water-stressed families
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
21 Analysis of assets between funds
| Fixed assets Current assets Current liabilities Total |
Unrestricted Restricted Total £ £ £ |
|---|---|
| 165,033 - 165,033 95,280 28,101 123,381 (11,394) - (11,394) |
|
| 248,919 28,101 277,020 |
Comparatives for analysis of assets between funds
| Fixed assets Current assets Current liabilities Total |
Unrestricted Restricted Total £ £ £ |
|---|---|
| 152,661 - 152,661 154,747 35,837 190,485 (15,820) - (15,820) |
|
| 291,588 35,837 327,325 |
22 Ultimate controlling party
The company is controlled by its trustees.
23 Related party transactions
During the year, the charity received donations from trustees and related parties of the trustees to the sum of £2,850 (2021: £8,172). These donations were received without conditions attached.
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Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
24 Contingent assets, contingent liabilities and commitments
The charity has made commitments to fund projects subsequent to the Balance Sheet date to the sum of £263,361 (2021: £427,764). In accordance with the accounting policy note, these are subject to annual reviews that have substance, therefore as a result these are not included as a provision in the accounts.
25 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| 2022 2021 | 2022 2021 | |
|---|---|---|
| £ | £ | |
| Within one year |
1,008 | 4,111 |
| Between one to five years | 252 | 1,512 |
| 1,260 | 5,623 |
- ,
During the year, the Charity recognised £4,111 (2021: £13,770) of lease costs in the Statement of Financial Activities in respect of leases detailed in this note.
26 Post Covid-19 pandemic considerations
The trustees had considered the impact of the global Covid-19 pandemic on the ability of the charity to continue trading for the foreseeable future. This review had included consideration of the impact to the date of signing the financial statements and updating financial projections. Fundraising to the end of June 2022 has been in line with our approved budget for this financial year. Expenditure to the end of June 2022 has been in line with our approved budget and we are able to continue to support our partners and projects. Our reserves policy allows us to operate as planned. Based on this review the trustees believe that the financial statements have been prepared appropriately on the going concern basis.
48 of 50 | WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2022
WaterHarvest Annual Report 2021/2022
Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
27 India Liaison Office audited accounts
The India Liaison office was established 1[st] April 2007. The following abbreviated accounts have been audited by Kumar Mittal & Co., Chartered Accountants of Delhi. The accounts are not consolidated into WaterHarvest financial statements as the control of the India Liaison office resides in India.
Income & Expenditure
| 12 Months to 31stMarch 2022 Current assets B/fwd Received from WaterHarvest Less Expenditure Operating expenses Receivables Exchange adjustment Fixed Asset Fund Contra Surplus Balance Sheetas at 31stMarch 2022 Fixed Assets Cost Asset write off Depreciation Current Assets Cash Bank Deposit/Prepayment/Receivables Less – Other creditors Current Assets c/fwd |
Rs. | Rs. 0 120,501 120,501 120,501 0 120,501 |
£ | £ |
|---|---|---|---|---|
| 329,682 4,054,660 (4,402,277) 17,935 |
3,302 38,597 (44,098) 180 2,019 |
0 1,207 |
||
| 1,130,511 (483,149) (526,861) |
11,325 (4,840) (5,278) |
|||
| 1,207 | ||||
1,207 0 |
||||
| 5,057 133,179 18,484 (156,720) |
51 1,334 185 (1,570) |
|||
| 1,207 |
Notes:
1 Exchange Rates:
The transfers from the UK have been translated at the actual rate obtained. All other balances have been translated at the year-end rate of 99.83 rupees = £1
2 Transfers: The funds transferred to India have all been treated as expenditure in the following periods in the WaterHarvest Accounts.
49 of 50 | WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2022
WaterHarvest Annual Report 2021/2022
Notes to the Financial Statements for the year ended 31[st] March 2022 (continued)
- 27 India Liaison Office audited accounts (continued)
Comparatives for India Liaison Office audited accounts
Income & Expenditure
| come & Expenditure | ||||
|---|---|---|---|---|
| 12 Months to 31stMarch 2021 Current assets B/fwd Received from WaterHarvest Less Expenditure Operating expenses Exchange adjustment Fixed Asset Fund Contra Surplus Balance Sheetas at 31stMarch 2021 Fixed Assets Cost Depreciation Current Assets Cash Bank Deposit/Prepayment Less – Other creditors Current Assets c/fwd |
Rs. | Rs. 329,682 146,760 476,442 146,760 329,682 476,442 |
£ | £ |
| 625,514 4,322,778 (4,618,610) |
6,664 43,528 (45,788) (1,136) |
3,268 1,455 |
||
| 1,088,661 (941,901) |
10,793 (9,338) |
|||
| 4,723 | ||||
1,455 3,268 |
||||
| 687 402,306 32,839 (106,150) |
7 3,988 326 (1,052) |
|||
| 4,723 |
Notes:
1 Exchange Rates:
The transfers from the UK have been translated at the actual rate obtained. All other balances have been translated at the year-end rate of 100.87 rupees = £1
2 Transfers: The funds transferred to India have all been treated as expenditure in the following periods in the WaterHarvest Accounts.
50 of 50 | WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2022