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2025-03-31-accounts

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

WaterHarvest is a company limited by guarantee registered in England and Wales. Charity number 1127564. Company number 06484901

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CONTENTS

Chair and CEO’s Welcome ............................................................................................ 3 Annual Report of the Trustees (incorporating the Director’s Report) ..................... 4 Our Mission ................................................................................................................... 4 What We Do .................................................................................................................. 5 The Programmes ........................................................................................................... 6 Financial Review .......................................................................................................... 13 Plans for Future Periods ............................................................................................ 17 Structure, Governance and Management................................................................. 19 Legal and Administrative Details .............................................................................. 21 Independent Examiner Report ................................................................................... 25 Statement of Financial Activities ................................................................................ 27 Balance Sheet ............................................................................................................. 28 Notes to the Financial Statements ............................................................................. 29

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CHAIR AND CEO’S WELCOME

Welcome to our 2024/25 Annual Report. We are very pleased to report much success with our on-going rainwater harvesting programmes in Uganda, Ghana and our final programme in India. We continue to work in remote locations, where climate change greatly affects the vulnerable communities who are still lacking access to a source of clean water close to their homes or schools.

In addition to programme delivery, we completed several key milestones during the year including developing a new three-year strategy, refining impact reporting, sourcing case studies, launching a new well received e-newsletter (Water Words), refreshing our website/social media channels, enhancing our legacy proposition and increasing the number of multi-year grants.

With your help we raised an impressive £358,188 during the year. Our total expenditure was £328,023 (£298,554 on charitable activities), with a year-end surplus of £22,902. We are so grateful to everyone who kindly supports our work, thank you. Our Board Chair, Neil Mehta stepped down in early March 2025 after nine years of wonderful service. Neil has steered the WaterHarvest ship through thankfully far more highs than lows and his positivity and resilience during the Pandemic helped ensure that the charity weathered the storm and is still here today, harvesting rainwater for those most in need. We are so grateful for Neil’s long-term commitment and passion for our work and are delighted that he will continue to support the Board as a voluntary advisor. We are very appreciative that existing Trustee Fiona Beukes has taken over the role of Chair from Neil.

With very best wishes,

Neil Mehta Fiona Beukes

Board Chair Incoming Board Chair

Chief Executive Officer

Until March 9 2025 From March 9 2025

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ANNUAL REPORT OF THE TRUSTEES

INCORPORATING THE DIRECTORS’ REPORT

OUR MISSION

At WaterHarvest, we believe that clean drinking water is key to alleviating poverty.

In the countries where we work, a source of clean water close to the home improves health, 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 and incomes of the rural communities where we work.

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WHAT WE DO

We fund and work with local partners that have strong community links, to help rural communities secure a sustainable source of clean drinking water.

We operate different delivery models depending on requirements for each programme/country. In Ghana and India, we fund our partners to develop and deliver programmes on our behalf. In Uganda, we manage delivery of the programme directly from the UK and have hired an experienced local engineer to provide expert technical oversight of the construction works with our local partners ‘Masaka and District Land Care Chapter’ (MADLACC).

We encourage our partners to develop the best sustainable source of clean water for their communities. We do not seek to impose solutions on communities, rather to offer our help and guidance, sharing the technical expertise and experience we have built up from almost 40 years of water harvesting.

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THE PROGRAMMES

This financial year we have worked in the following rural communities:

Programme spend by country

----- Start of picture text -----
10%
24%
65%
:
y
rT] India rT Ghana a Uganda
----- End of picture text -----

Over the year, 75% of our programme spend was on providing Clean Drinking Water to rural communities, 24% was spent on our Water and Environment programmes and 1% on project monitoring and evaluation.

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CLEAN DRINKING WATER PROGRAMMES

UGANDA

Today in rural Uganda many thousands of children are not attending school. A key factor is inadequate or no water at school, resulting in students forced to waste precious time fetching it from streams and swamps up to 2 km away. A high proportion of girls also drop out of

school when they begin menstruating.

Our two-year Uganda schools programme is building Our two-yé

107 rainwater roof harvesting tanks in 22 107 schools in the Masaka District, providing / much needed water to over 10,000 pupils / and staff. an

During the period of this report, we built 44 school rainwater harvesting tanks using eco / blocks at seven schools. We also starting work on block / — another 14 tanks at three schools, with anoth: completion taking place next year. comple

Each school has been selected following extensive baseline research and we have hired an experienced local engineer in Uganda (Dan Kilimani) to provide expert technical oversight of the construction works with our local partners Masaka and District Land Care Chapter (MADLACC).

We are very grateful to The Emmaus partnership (linking 33 UK Diocese schools, led by St Edward’s Roman Catholic SEMH school in Hampshire) for raising £15,500 for this programme during 2024/2025.

The overall programme is on schedule to complete as planned in mid-2025. There are many more schools in the Masaka region in need of clean water. Although beyond the period of this report, we are delighted to announce that we will start a second tanks programme supporting new schools in the Autumn of 2025.

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INDIA

During the year, we completed our final programme in India, bringing a year-round supply of sustainable clean water to marginalised communities at Sunadiya and Chhappya villages.

We worked with our local partner, Water Wisdom Foundation , led by Om Prakash Sharma (formerly our India Office Director). This resulted in the construction of 15 rainwater harvesting structures, one for each household and construction of a large roof rainwater harvesting structure at one school. The structures catch the rain, typically on the roof of a building, some also have a ground level artificial catchment. The rainwater is then channelled into a covered, underground storage tank which is stored for use as drinking water throughout the year.

The The storage tanks typically hold about 20,000 litres of water, which is just over nine litres of water per day per ov person for a family of six.

To improve the quality of the water, Ti families receive water filters and tt training on how to use them. They also receive training on basic hygiene and sanitation.

We are very grateful to The Monsoon Accessorize Trust for funding this programme.

As previously communicated, our sister organisation which we helped to establish (the Water Wisdom Foundation) led by Om Prakash Sharma, will be continuing the work we previously delivered in India. We will always remain hugely honoured by what we have achieved in India over almost four decades - none of which would be possible without the long-term support of our donors, thank you all so much.

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WATER & THE ENVIRONMENT PROGRAMMES

GHANA

SINSINA

This year we continued to work with our local partner in Ghana, Saha Global to complete a pilot project started in the last financial year, funding the expansion and rehabilitation of a large water dugout supplying clean drinking water to the 466 people living in Sinsina. The dugout is linked to a small water treatment centre run by two local women but in recent years it has been drying out for several months every year due to climate change.

The renovation works at Sinsina resulted in a deeper dugout three times its original size. Vertiver grass and trees were also planted around the dugout to reduce evaporation during the dry season.

Although beyond the period of this report, we are keen to share the news that following our renovations the dugout which is usually dry this time of year, was still full of water in May 2025! This ensures the water treatment centre can stay open throughout the year, negating the need for women and children to have to walk far distances to alternative sources of water, allowing them to stay in school or to focus on other important activities

It is wonderful to see how clean drinking water brings joy to children in Sinsina during a time when they would usually be struggling with water access. Many thanks to everyone who has donated towards this work. MO eC ee ie

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TACPULI

Following the pilot dugout success at Sinsina, in January 2025 we commenced work on our second dugout in the Tacpuli community located in the North-East Gonja District, with a population of 963 residents.

Work will continue on the dugout at Tacpuli during the next financial year. Although beyond the period of this report, we are delighted to announce that we will fund works on a third dugout during 2025.

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MONITORING & EVALUATING OUR PROGRAMMES

All our programmes are closely monitored on an-going basis during development and delivery (through a combination of written reports, photos, videos supplied by our partners and regular video meeting calls) to ensure activities are being delivered on time, on budget, to the appropriate standard and importantly to gather on-going insights to improve subsequent phases.

Payments are made to our partners on a phased basis, following receipt of reports and approved budgets.

In Uganda, impact assessments are completed by our partner (MADLACC) for each school prior to and after tank installation, to ascertain impact on pupil enrolment, attendance/study time, health, hygiene and drinking water consumption over time.

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FINANCIAL REVIEW

INCOME

Total income for 2024/25 was £358,188 (2023/24: £337,604) - this represents a 6% increase on last year, largely due to an increase in donations from Trusts and Foundations.

Restricted income at £221,290 was 62% of our funding. This represents an increase on last year’s level of 45%, largely due to income raised for our Uganda schools programme.

As shown in the chart below income from Trusts and Foundations were our largest source of funding at 67%, ‘Individual and community donations’ were our second largest source of funding at 23%. Corporate donations also remain an important sector for us (7%).

Principal Sources of Income 2024/25

----- Start of picture text -----
2%
23%
i . ; 0%
7%
j,
67%
----- End of picture text -----

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We would particularly like to thank the donors listed below for their very kind support and the many others who wish to remain anonymous: -

Allan & Nesta Ferguson Charitable Trust Altor Foundation Aspiga Bartle Family Charitable Trust Ms Julie Bushell Collier Charitable Trust Clark Charitable Trust Cooke Charitable Trust Drinking Fountain Association Eva Reckitt Trust Ian Askew Charitable Trust JLW Winchester Kate Farrer Foundation One World Group Oxted Paradigm Norton Trust Paget Trust Pat Newman Memorial Trust Shears Foundation The Emmaus Partnership The Mila Charitable Organisation The Monsoon Accessorize Trust Tresanton Trust Winchester Rotary Club

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EXPENDITURE

Our total expenditure was £328,023 (2023/24 £444,520). The total expenditure on charitable activities was £298,554 (2023/24: £406,578) including support costs and governance costs. This represents a 27% decrease on last year, reflecting our reduced activity in India from four programmes in 2023/24, to one this financial year.

As shown in the chart below, ‘Clean Drinking Water’ continues to be our biggest programme area representing 75% of total charitable spend. We expect this to continue going forward.

Charitable Expenditure

Clean Drinking Water Water & Environment Monitoring & Evaluation

The cost of raising funds was £29,469 (2023/24: £37,942), a 22% decrease on last year, due to our Fundraising Manager reducing hours this financial year and cutting other costs. Fundraising costs also include a small proportion (10%) of our CEO’s costs, (5%) of our Operations Manager costs and the production of communication materials.

We work hard to ensure we continue to be efficient and keep our costs very low. For every pound raised, just over 8p was spent on fundraising, (2023/24:11p for every pound raised) which compares extremely favourably to the charity industry average. Governance costs were £2,832 (2023/24: £5,951) - this comprises the independent examination in this financial year.

Due to higher than expected income on Trusts and Foundations, we ended the year with a surplus of £22,902 (after a reduction in investment income as explained below) versus a planned deficit of £91,599 in 2023/24 to spend unrestricted funds on our new Uganda and Ghana programmes.

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RESERVES

During the final quarter of the financial year, the value of our Investment Valuation Reserve declined by £7,263 following worldwide market volatility generated by the US President’s tariff changes.

At the year end, our overall reserves are £259,266 which represents 9 months of the next financial year’s total expenditure, at the upper end of our existing 6-9 months reserves policy but this figure includes £55,352 held in Restricted Funds for Uganda and a further £5,272 held in Designated Funds for Ghana and Uganda.

Free reserves at the end of the financial year are £198,642 which represents funds which have not already been committed to projects in restricted or designated funds for the next financial year and represents 7 months of the total FY25/26 annual budget expenditure.

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PLANS FOR FUTURE PERIODS

Key activities for the next financial year (2025/26) include:

Programmes

Uganda - existing

Uganda – new

Ghana

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Strategy, Operations & Marketing

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STRUCTURE, GOVERNANCE AND MANAGEMENT

WaterHarvest is a private charitable 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).

The Board of Trustees is the governing body of the organisation and has legal and financial responsibility for the charity. 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.

The Board holds quarterly meetings to review the work of the charity. The Board determines strategic direction, with operational leadership of the charity delegated to the Chief Executive Officer (CEO). The CEO leads the development and implementation of the charity’s long- and medium-term strategy and annual business plans in accordance with the strategic direction and policy framework agreed by the Trustees.

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. Trustees are encouraged to visit the programmes to see first-hand the work supported by the charity.

Senior Management

Within the UK office, there were three paid staff, 1.63 full-time equivalent (1.63 in 2023/4), with Corinna McShane as CEO, Julia Seal as Fundraising Manager and Dawn Flach as Operations and Finance Manager. Staff remuneration is set and approved by the Trustees.

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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 clearly identifiable public benefits.

The purpose of the charity as specified in its Charitable Objects is “ 1. The relief of poverty or distress among people in the developing world. 2 Other purposes which are exclusively charitable according to the law of England and Wales not falling under the above heading and to which the trustees may from time to time determine to apply any part of the trust fund”.

Risk management

We review risks on a quarterly basis and maintain a register of risks ranked according to probability and impact. The Trustees have identified fundraising income as the most serious risk facing the charity exacerbated by the ongoing UK cost of living crisis, the wider global macro environment and our ageing supporter base. The Board will continue to review the future direction of WaterHarvest as it approaches its fortieth year in 2027.

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 existing policy of total reserves between 6-9 months of total budget (including programmes).

Safeguarding

The trustees reviewed the Safeguarding Policy document and no changes were made.

Appointment of independent examiners

The board decided to re-appoint Fiander Tovell.

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LEGAL AND ADMINISTRATIVE DETAILS

Name

WaterHarvest Limited

Charity Number

1127564

06484901 Company Number

Registered Office Basepoint Business Centre,

1 Winnall Valley Road, Winchester SO23 0LD, UK

Website Address

www.water-harvest.org

Bankers HSBC Bank plc 58 High Street, Winchester, SO23 9BZ

Independent Fiander Tovell Examiners 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 2024:

Neil Mehta (Chair – retired 9th March 2025)

Neil is a social entrepreneur and digital technologies innovator with 30+ years of experience in private, public and third sector. Neil is also a trustee of the Fredericks Foundation.

Fiona Beukes (Chair from 9th March 2025)

Fiona has an extensive background in financial services marketing and communications. She is a Fellow of the Chartered Management Institute and holds an OUBS MBA.

Gareth Davies

Gareth spends his professional life in healthcare consulting/leadership. He also supports education and water provision facilities in India and Africa with various small organisations. He is a Trustee of the Clive Richards Foundation and volunteer RNLI and HMCG crew, in addition to singing to raise money for charity with the Sheringham Shantymen.

Alice La Trobe Weston

Alice has over 25 years' experience in the financial sector, including 15 years as fund manager and analyst at Morgan Stanley. She is now an impact fund specialist, working with social development funds. She is also a trustee at the Pilgrim Trust and a school governor.

Justin Boynton

Justin is a digital agency owner with a software development and marketing technology background. He enjoys working collaboratively and with purpose, helping people achieve goals and reach their full potential.

Patrons

Sir Mark Tully and 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:

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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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The charity is exempt from the requirement to have its accounts audited under Section 144 of the Charities Act 2011. The charity’s gross income is below the statutory audit threshold of £1,000,000. Accordingly, the accounts for the financial year ended 31 March 2025 have been subject to an independent examination rather than a full statutory audit.

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.

Alice La Trobe Weston

Trustee

Date: 25/9/2025 | 02:29 PDT

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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF WATERHARVEST LIMITED

I report to the board of trustees on my examination of the financial statements of WaterHarvest (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the board of trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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 understanding of the financial statements to be reached.

Adam Buse FCA Adam Buse Fiander Tovell Limited .........................

Date: 25/9/2025 | 12:26 BST

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 2025

Unrestricted Restricted 2025 2024
Notes funds Funds Total Total
£ £ £ £
Income
Donations and legacies 3 129,645 221,290 350,935 330,812
Investment income 4 7,253 - 7,253 6,792
Total income 136,898 221,290 358,188 337,604
Expenditure
Raising funds:
Donations & legacies 5 28,408 - 28,408 36,961
Communications 5 1,061 - 1,061 981
Charitable activities: 6/7
Sustainable water projects 111,985 186,569 298,554 406,578
Total expenditure 141,454 186,569 328,023 444,520
Net (gains)/losses on investments (7,263) - (7,263) 15,317
Net (income)/expenditure (11,819) 34,721 22,902 (91,599)
Transfers between funds - - - -
Net movement in funds (11,819) 34,721 22,902 (91,599)
Reconciliation of funds
Total funds brought forward 215,734 20,631 236,365 327,964
Total funds carried forward 203,915 55,352 259,267 236,365

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 48 form part of these financial statements.

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BALANCE SHEET

Balance sheet as at 31[st] March 2025

2025 2024
Notes £ £
Fixed assets
Tangible assets 13 1,445 1,006
Investments 14 163,951 171,215
165,396 172,221
Current assets
Debtors 15 4,262 18,750
Cash at bank and in hand 16 94,325 52,978
98,587 71,728
Creditors: amounts due in one year 17 4,716 7,584
Net current assets 93,871 64,144
Total assets less current liabilities 259,267 236,365
Net assets 259,267 236,365
The funds of the charity:
Unrestricted funds: 18
General fund 134,691 121,261
Investment valuation reserve 63,951 71,214
198,642 192,475
India Restricted funds 19 - 20,631
Designated fund India - 3,769
Designated fund Ghana 2,872 2,191
Uganda Restricted funds 55,352 -
Designated fund Uganda 2,401 17,299
Total funds 259,267 236,365

The notes at pages 29 to 46 form part of these accounts.

The company is entitled to the exemption from the audit requirement contained in section 477 of Companies Act 2006, for the year ended 31 March 2025". 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 . 25/9/2025 | 02:29 PDT

Alice La Trobe Weston, Trustee

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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

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 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) Going concern

The financial statements have been prepared on a going concern basis. 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 during the next financial year, 2025/2026.

Like many other UK charities, the trustees are concerned about WaterHarvest’s long-term income potential being impacted by global challenges beyond its control. As such the Board will continue to review the future direction of WaterHarvest as it approaches its fortieth year in 2027.

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

(d) Periods covered

The financial statements cover the year to 31[st] March 2025, with comparatives for the year to 31[st] March 2024.

(e)

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.

(f) 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.

(g) 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.

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.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 30 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

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. In 2024/25 10% of our CEO’s costs and 5% of our Operations Manager costs were allocated to ‘Cost of Raising Funds’.

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 during this financial year. 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) 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.

(n) Cash at bank and in hand

(o) Debtors and creditors receivable / payable within one year

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 31 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

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.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 32 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

3 Donations and Legacies

Donations and Legacies
Unrestricted
funds		 Restricted
funds		 2025 2024
£ £ £ £
Donations and legacies
Individual & Community Donations 63,226 20,899 84,125 115,483
Legacies and memorials 593 - 593 18,583
Corporate 6,435 20,000 26,435 93,571
Trusts and foundations 59,391 180,391 239,782 103,175
129,645 221,290 350,935 330,812

Comparatives for donations and legacies

Unrestricted Restricted
funds funds 2024
£ £ £
Individual & Community Donations 67,791 47,692 115,483
Legacies and memorials 18,583 - 18,583
Corporate 5,022 88,549 93,571
Trusts and foundations 86,375 16,800 103,175
177,771 153,041 330,812

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 33 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

4 Investment income Unrestricted Restricted
funds funds 2025 2024
£ £ £ £
Bank deposit interest Bank deposit interest 2,400 - 2,400 2,033
Income from investment assets 4,853 - 4,853 4,759
7,253 - 7,253 6,792
Comparatives for investment income
Unrestricted Restricted
funds funds 2024
£ £ £
Bank deposit interest Bank deposit interest 2,033 - 2,033
Income from investment assets 4,759 - 4,759
6,792 - 6,792

5 Costs of raising funds

Unrestricted Restricted
funds funds 2025 2024
£ £ £ £
Fundraising costs 28,408 - 28,408 36,961
Communications 1,061 - 1,061 981
29,469 - 29,469 37,942
Comparatives for costs of raising funds
Unrestricted Restricted
funds funds 2024
£ £ £
Fundraising costs 36,961 - 36,961
Communications 981 - 981
37,942 - 37,942

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 34 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

6 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 2025 2024
£ £ £ £ £
223,242 72,480 2,832 298,554 406,578

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 Support Governance Total Total
funding costs costs 2025 2024
£ £ £ £ £
Project type
Clean Drinking Water 168,133 54,588 2,132 224,853 317,288
Water & Environment 53,329 17,314 677 71,320 86,810
Monitoring & Evaluation 1,780 578 23 2,381 2,480
223,242 72,480 2,832 298,554 406,578
Geographical area
Desert Regions India - - - - 26,323
Sambhar Lakes India 22,348 7,256 283 29,887 149,807
Uganda 145,785 47,332 1,849 194,966 173,563
Ghana 53,329 17,314 677 71,320 54,405
Monitoring & Evaluation 1,780 578 23 2,381 2,480
223,242 72,480 2,832 298,554 406,578

Support costs include the funding of Om Prakash Sharma and Dinesh Sharma (formerly part of our own India Office) as consultants to support delivery of WaterHarvest’s final programme in India and Dan Kilimani (an experienced local engineer) as a consultant to provide expert technical oversight of the construction works with our local partners Masaka and District Land Care Chapter (MADLACC).

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 35 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

6 Details of charitable activities (continued)

Comparatives for details of charitable activities

For the year ended 31[st] March 2024 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 Support Governance Total
funding costs costs 2024
£ £ £ £
Project type
Clean Drinking Water 259,086 52,331 4,644 316,061
Water & Environment 72,416 14,317 1,271 88,004
Monitoring & Evaluation 2,068 409 36 2,513
333,570 67,057 5,951 406,578
Geographical area
Desert Regions India 21,959 4,414 392 26,765
Sambhar Lakes India 124,968 25,122 2,229 152,319
Uganda 139,190 27,981 2,483 169,654
Ghana 45,385 9,124 810 55,319
Monitoring & Evaluation 2,068 416 37 2,521
333,570 67,057 5,951 406,578

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 36 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

7 Grants payable

Grant funding is paid to local partner organisations. ( * 2024 adjustment to remove £5,596 Uganda support costs mistakenly allocated to the Uganda partner grant expenditure in last year’s report) . The grants provided to partner organisations were as follows:

Area Partner organisation £ £
2025 2024
Desert Regions India Samerth Charitable Trust - 21,959
- 21,959
Sambhar Lakes India Gram Vikas Navyuvak Mandal - 51,002
Prayas Kendra Sanstha Harsoli - 73,966
Water Wisdom Foundation 22,348 -
22,348 124,968
Ghana Saha Global 53,329 45,385
Uganda Masaka District Landcare Chapter 145,785 *139,190
199,114 184,575
Monitoring & Evaluation 1,780 2,069
Total grants payable 223,242 333,571

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 37 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

8 Support and governance costs

These costs have been apportioned across the work of the charity on the basis disclosed in note 2 (h) and allocated to each of the charity’s activities as set out in the table below (* 2024 Support Costs have been adjusted to include £5,595 Uganda support costs mistakenly allocated to the Uganda partner grant expenditure in last year’s report ):

Total Total
2025 2024
£ £
UK Office
Clean Drinking Water 54,588 *52,331
Water & Environment 17,314 14,317
Monitoring & Evaluation 578 409
Total costs allocated 72,480 67,057
Total Total
2025 2024
Governance Costs £ £
Clean Drinking Water 2,132 4,644
Water & Environment 677 1,271
Monitoring & Evaluation 23 36
Total costs allocated 2,832 5,951

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. The £2,832 comprises the costs for the independent examination in this financial year.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 38 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

9 Net income/(expenditure)

Net income/(expenditure) for the year is stated after charging:

2025 2024
£ £
Depreciation charge for year 161 112
Auditor's remuneration - audit work 2,832 2,701
India Office Closure - 3,250
UK Staff Costs
2025 2024
£ £
Salaries, wages 75,577 63,292
National Insurance costs 1,664 148
Pensions 594 911
Total 77,835 64,351

10 UK Staff Costs

The average monthly number of UK employees during the year was 3 (2023/24: 3). The average number of employees in the UK, full time equivalent, was 1.63 (2023/24: 1.63).

No employees received emoluments in excess of £60,000.

The key management personnel of the charity comprises the trustees and the CEO Corinna McShane. See note 11 for details on trustees’ remuneration.

In addition, Om Prakash Sharma and Dinesh Sharma (formerly part of our own India Office) were funded as consultants to support delivery of WaterHarvest’s final programme in India. Dan Kilimani (an experienced local engineer) was funded as a consultant to provide expert technical oversight of the construction works with our local partners Masaka and District Land Care Chapter (MADLACC). These costs are not included above as they are detailed within Support Costs (see Note 6).

11 Trustees’ Remuneration

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. There was no trustee reimbursement for expenses during the current year (2023/24:0).

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

12 Comparatives for the Statement of Financial Activities

Unrestricted Restricted 2024
funds funds Total
£ £ £
Income
Donations and legacies 3 177,771 153,041 330,812
Investment income 4 6,792 - 6,792
Total income 184,563 153,041 337,604
Expenditure
Raising funds:
Donations & legacies 5 36,961 - 36,961
Communications 5 981 - 981
Charitable activities: 6/7
Sustainable water projects 252,820 153,758 406,578
Total expenditure 290,762 153,758 444,520
Net gains/(losses) on investments 15,317 - 15,317
Net income/(expenditure) (90,882) (717) (91,599)
Transfers between funds - - -
Net movement in funds (90,882) (717) (91,599)
Total funds brought forward 306,616 21,348 327,965
Total funds carried forward 215,734 20,631 236,365

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 40 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

13 Tangible Fixed Assets

13 Tangible Fixed Assets
Fixtures &
fittings
£
Cost
Cost at 1stApril 2024 7,270
Additions 599
As at 31stMarch 2025 7,869
Depreciation
As at 1stApril 2024 6,264
Charge for year 161
As at 31stMarch 2025 6,425
Net Book Value
At 31stMarch 2025 1,444
At 31stMarch 2024 1,006
14 Fixed Asset Investment
Unlisted
investments
£
Cost or valuation
As at 1stApril 2024 171,215
Revaluation (7,263)
As at 31stMarch 2025 163,952
Net Book Value
At 31stMarch 2025 163,952
At 31stMarch 2024 171,215

There were no investment assets outside the UK. Investments comprise of COIF Charities Ethical Investment Fund.

15 Debtors

Debtors
2025 2024
£ £
Income tax recoverable 2,438 2,166
Prepayments and accrued income 1,740 16,500
Other debtors 84 84
4,262 18,750

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 41 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

16 Cash at bank and in hand
2025 2024
£ £
Deposit & Current bank account 24,518 29,140
COIF Account 69,807 23,839
94,325 52,979
17 Creditors
2025 2024
£ £
Accruals and deferred income 2,832 5,950
Trade creditors 170 295
Other creditors 1,715 1,339
4,717 7,584
18 Movement on unrestricted funds
Unrestricted
Investment
Valuation
Reserve		 Unrestricted
General
Funds		 Unrestricted
Total funds
£ £
Balance at 1stApril 2024 71,214 144,519 215,733
Net movement in funds *(7,263) (4,556) (11,819)
Balance at 31stMarch 2025 63,951 139,963 203,914
Comparatives for movement on unrestricted funds
Unrestricted
Investment
Valuation
Reserve		 Unrestricted
General
Funds		 Unrestricted
General
Unrestricted
Total funds
£ £
Balance at 1stApril 2023 55,898 250,719 306,617
Net movement in funds 15,316 (106,199) (90,883)
Balance at 31stMarch 2024 71,214 144,520 215,734

*During the final quarter of the financial year, the value of our Investment Valuation Reserve declined by £7,263 following worldwide market volatility generated by the US President’s tariff changes.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 42 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

19 Movement on restricted funds

B/fwd
1/4/2024		 Income Charitable
expense		 C/fwd
31/3/2025
£ £ £ £
Uganda - schools - 211,540 156,188 55,352
Ghana - dugout - 9,750 9,750 -
India - WWF Dudu 1 20,631 - 20,631 -
Total 20,631 221,290 186,569 55,352

Comparatives for movement on restricted funds

B/fwd
1/4/2023		 Income Charitable
expense		 C/fwd
31/3/2024
£ £ £ £
India -Charasada 21,348 51,168 72,516 -
Uganda - schools - 74,442 74,442 -
Ghana - dugout - 6,800 6,800 -
India - WWF Dudu 1 - 20,631 - 20,631
Total 21,348 153,041 153,758 20,631

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 43 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

The projects on which restricted funding was spent are as follows:-

Project code Project partner Project title

Uganda Schools Masaka District Providing safer drinking water to schools in the Landcare Chapter Masaka district. See pages 7 and 9. Ghana Dugout Saha Global Dug out expansion and rehabilitation projects in the villages of Sinsina and Tacpuli. See pages 10 and 11. WWF Dudu 1 Water Wisdom Providing clean and sustainable supply of drinking Foundation water to marginalized communities in Sunadiya and Chhappya villages of Dudu district. See page 9.

20 Analysis of assets between funds

Unrestricted Restricted Total
£ £ £
Fixed assets 165,396 - 165,396
Current assets 43,235 55,352 98,587
Current liabilities (4,717) - (4,717)
Total 203,914 55,352 259,266

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 44 of 46 |

Docusign Envelope ID: F53BBF72-C8CA-4574-A696-EBFD49A66A70

Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

Comparatives for analysis of assets between funds

Unrestricted Restricted Total
£ £ £
Fixed assets 172,221 - 172,221
Current assets 51,097 20,631 71,728
Current liabilities (7,584) - (7,584)
Total 215,734 20,631 236,365

21 Ultimate controlling party

The company is controlled by its trustees.

22 Related party transactions

During the year, the charity received no donations from trustees and related parties of the trustees (2023/24: £100).

As detailed in Note 6, Om Prakash Sharma (formerly part of our own India Office) was

funded as a consultant to support delivery of WaterHarvest’s final programme in India with a local partner – The Water Wisdom Foundation . During the year Om Prakash Sharma was also a Director of The Water Wisdom Foundation but was not involved in the decision by WaterHarvest Trustees to support this organization with a grant of £22,348.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 45 of 46 |

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Notes to the Financial Statements for the year ended 31[st] March 2025 (cont.)

23 Contingent assets, contingent liabilities and commitments

The charity has made commitments to fund projects subsequent to the Balance Sheet date to the sum of £21,700 (2023/24: £43,890). 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.

24 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:

2025 2024
£ £
Within one year Within one year1,6751,648
Between one to five years 2,093419
3,7682,067

During the year, the Charity recognised £1,666 (2023/24: £1,490) of lease costs in the Statement of Financial Activities in respect of leases detailed in this note.

WaterHarvest Annual Report and Financial Statements | Year Ended 31 March 2025 Page 46 of 46 |