The Foundation For Water
2022
Annual report and Financial Statements of The Foundation for Water Foundation (A company limited by Guarantee) Company number 06505102 Charity Number 1133741
For the year ending 28 February 2022
FOUNDATION FOR WATER
LEGAL AND ADMINISTRATIVE INFORMATION
REGISTERED CHARITY NUMBER: 1133741 COMPANY NUMBER : 06505102 6505102 REGISTERED ADDRESS Pixton Hill Hartfield Road Forest Row East Sussex RH18 5JX TRUSTEES & DIRECTORS Professor C Giorgetti Alexander Trousdell Thomas Wilkes Peter Malaise COMPANY SECRETARY Professor C Giorgetti INDEPENDENT EXAMINER Stephen J Kettle & Associates Limited Chartered Certified Accountants 5 Fraser Way Hawkinge Folkestone Kent CT18 7SJ
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FOUNDATION FOR WATER
TRUSTEES' REPORT for the year ended 28 February 2022
The Trustees present their report and accounts for the year ended 28 February 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Articles of Association, the Companies Act 2006 and the Charities SORP (FRS102) - Second Edition October 2019.
Structure, governance and management
The charity is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were: Professor C Giorgetti Alexander Trousdell Thomas Wilkes Peter Malaise
Trustees are appointed by ordinary resolution of the members in general meeting and are inducted and trained by existing trustees.
None of the members of the trustees has any beneficial interest in the company. All of the members of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up, while they are still members or within a year of membership ceasing.
The trustees make the decisions of the charity.
The charity has links with other water foundations across the world to widen its influence and research in order to further meet its charitable objectives. These links do not constitute related parties as deemed by the Companies Act 2006.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and Activities
The Charity's objects are:
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to promote, for the benefit of the public, the conservation, protection and improvement of the physical and natural environment, with a non-exclusive focus on enhancing the capacity of water to support life and otherwise improving the quality of water,
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to promote public health, by carrying out research and developing ecologically supportive technology and methods in domestic, agricultural, industrial and natural situations for the benefit of local communities and the public generally,
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to advance the education of the public in relation to the life-supporting capacities and other characteristics of water with a non-exclusive focus on ways of thinking developed by JW Goethe and Rudolf Steiner.
The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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FOUNDATION FOR WATER
TRUSTEES' REPORT for the year ended 28 February 2022
Achievements & Performance
Overview
The Foundation for Water’s work and progress has been impacted by the Covid pandemic but much less so than the previous year. Our main aim has been to continue the quantum coherence research project and find suitable tenants for the ‘water building’ who can help sustain our basic financial security.
Research
The Stage 2 Phase 2 programme of repeating our ‘quantum coherence in water’ research - see the 2021 report - but with the addition of plant growth trials, has been slow. We have found a group of Scandinavia researchers to help with this. The Covid pandemic has slowed this stage down as various group members have been ill. FFW funded preliminary research from its science budget to assess what plants are best used in the trials. This did not give rise to a definitive answer so research is to continue. We remain in contact with SAGST in Germany who funded our previous successful work.
Education
Foundation for Water has agreed to rent its middle floor and grounds to the Orchard Setting child-care group, which is officially registered with the UK government’s Ofsted. All necessary compliances have been completed. The building’s D Category usage allows for this. It is in effect a home school support activity with children of school age attending Orchard Setting for morning lessons only, for a limited period during their week as an aid to parents. There have also been some separate adult education weekend and week-long seminars in Goethean Science and water phenomenology.
Relationship with Landlord
The Foundation for Water has a 999-year lease of its 0.25 ha property and three-story building from its landlord, Emerson College Charitable Trust. We are in process of negotiating a variation of the lease contract with them to make it a more equitable balanced legal document.
Staff
This year we continued to hire the same part time office administrator and part-time director. Research staff were purely on a short-term contract basis.
Planning and Finances
The Foundation has continued to consolidate its regular income this year. Its annual rental income has improved again, with savings building up for further property maintenance tasks and necessary legal actions. We are planning to redevelop our website which collapsed during 2021 and generate social media outreach programme as support for our activities.
Assets
The building’s soundproofing has been improved with some flooring being relined. Parts of the building have also been repainted and spruced up for the use of the child care group. The Orchard Setting group has carried out considerable landscaping which improves the accessible use and safety of the grounds.
Special Circumstances
For future independent growth and development of our charitable aims it is important that we reconfigure the relationship with the landlord of the 999-year lease. For this purpose, we have retained legal help in London to help us reforge an agreement which will stand the tests of time over a very long period.
On behalf of the board of trustees
…………………………………………….
Ian Trousdell
Trustee and director
Dated: 8 August 2022
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FOUNDATION FOR WATER
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees, who are also the directors of the Foundation for Water for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts 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 period which give a true and fair view of the state of affairs of the charity and of the . Under that law the directors have elected to prepare the financial statements in accordance with UK Accounting Standards and applicable law.
The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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obseve the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsibe for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that its financial statements comply with the Charities Act 1993 and the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
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FOUNDATION FOR WATER
Report to the Trustees/Directors of Foundation For Water on accounts for the year ended 28 February 2022
Charity Number: 1133741 Company Number: 06505102
I report on the accounts of the charity for the year ended 28 February 2022, which are set out on pages 7 to 13.
Responsibilities and basis of report
As the charity's trustees of the Company ( who are also the directors of Foundation For Water for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act").
In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act).
Independent examiner's statement
The company's gross income did not exceed £250,000. I am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that :
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records;or
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the accounts do not comply with relevant accounting requirements under sction 396 of the Companies Act 2006 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
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the accounts have not been prepared in accordance with the Charities SORP (FRS102)
I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen J Kettle FCCA
Stephen J Kettle & Associates Limited Chartered Certified Accountants 5 Fraser Way Hawkinge Folkestone Kent CT18 7SJ
Dated 8 August 2022
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FOUNDATION FOR WATER
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
For the year ended 28 February 2022
| Notes Incoming Resources Donations and legacies 2 Activities for generating funds 2 Rental income & Guest Accommodation 2 Sales & Other income 2 Grant Income 2 Investment Income 3 TOTAL INCOMING RESOURCES Resources expended Cost of generating funds Costs of generating donations and legacies 4 TOTAL RESOURCES EXPENDED Net incoming resources available Charitable Activities Administration and finance 6 Governance costs 4 Project costs 5 Total resources expended Net (outgoing)/incoming resources before provisions Movement in provisions NET MOVEMENT IN FUNDS Fund Balances brought forward Fund balances carried forward |
Unrestricted Funds Restricted Funds 2022 Total Funds 2021 Total Funds 7,700 0 7,700 7,700 0 0 0 0 21,830 0 21,830 17,575 62 0 62 63 0 0 0 0 0 0 0 1 |
|---|---|
| 29,592 0 29,592 25,339 0 0 0 0 |
|
| 0 0 0 0 |
|
| 29,592 0 29,592 25,339 32,181 0 32,181 22,886 2,357 0 2,357 678 0 0 0 0 34,538 0 34,538 23,564 (4,945) 0 (4,945) 1,775 0 350,000 |
|
| (4,945) 0 (4,945) 351,775 529,009 529,009 177,234 |
|
| 524,064 0 524,064 529,009 |
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FOUNDATION FOR WATER
BALANCE SHEET As at 28 February 2022
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed Assets | ||||||
| Tangible assets | 8 | 650,000 | 555,126 | |||
| Current Assets | ||||||
| Cash at bank and in hand | 18,521 | 15,414 | ||||
| Creditors:amounts falling due within one year | 9 | 0 | (1,270) | |||
| Net current (liabilities)/assets | 18,521 | 14,144 | ||||
| Total assets less current laibilities | 668,521 | 569,270 | ||||
| Creditors:amounts falling due after more | ||||||
| than one year | 10 | (144,456) | (155,917) | |||
| Net assets | 524,064 | 413,353 | ||||
| Income funds | ||||||
| Unrestricted funds | 174,064 | 179,009 | ||||
| Restricted funds | 0 | 0 | ||||
| Non-distributable reserve | 350,000 | 350,000 | ||||
| 524,064 | 529,009 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The notes on pages 9 to 13 form part of these financial statements.
Approved by the Board on 8 August 2022
………………………………………………………..
Alexander Trousdell
Trustee
Company registration number
6505102
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FOUNDATION FOR WATER
NOTES TO THE ACCOUNTS For the year ended 28 February 2022
1 Accounting Policies
Accounting convention
The accounts have been prepared under the historical cost convention and comply with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and in accordance with the financial reporting standards for smaller entities (FRSSE) and the Companies Act 2006.
Reporting currency
The accounts are prepared in GBP, which is the principal operating currency of the company.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its estimated useful life, as follows:
Plant and machinery Straight line over ten years
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FOUNDATION FOR WATER
NOTES TO THE ACCOUNTS For the year ended 28 February 2022
2 Donations and Legacies
| Activities for generating funds Donations and gifts AS & GB Grant Income SAGT Science Proposal Research SAG Phase 2 Rental income Royalties Other income Sales |
Unrestricted funds Restricted Funds Total 2022 £ £ £ 0 0 0 7,700 0 7,700 0 0 0 0 0 0 0 0 0 21,830 0 21,830 62 0 62 0 0 0 0 0 0 29,592 0 29,592 |
Total 2021 £ 0 7,700 0 0 0 17,575 63 0 0 |
|---|---|---|
| 25,338 |
3 Investment income
| Interest receivable 4 Total resources expended Cost of generating funds Cost of generating donations and legacies Charitable activities Activities undertaken directly Governance costs Includes accountancy fees & other legal fees |
Total 2022 £ 0 Total 2022 £ 0 32,181 2,357 34,538 |
Total 2021 £ 1 |
|---|---|---|
| Total 2021 £ 0 22,886 678 |
||
| 23,564 |
5 Project Costs
In the financial years to 28 February 2021 and 2022 there were no costs directly associated with any specific projects.
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FOUNDATION FOR WATER
NOTES TO THE ACCOUNTS For the year ended 28 February 2022
6 Charitable Activity Costs
Activities undertaken directly
| Other costs relating to Administration and Finance comprising: Bank charges Interest on loans Books and publications Advertising Cleaning Telephone and fax Legal and professional Insurance Sundry expenses Rates Repairs and Maintenance Accomodation Depreciation Disposal of fixed assets Staff costs |
Total 2022 £ 44 1,939 515 103 8 326 2,357 2,356 (850) 3,489 2,380 10 0 20,782 1,080 34,538 |
Total 2021 £ 0 2,110 0 0 0 311 678 2,303 0 4,656 838 10 11,566 0 1,093 |
|---|---|---|
| 23,564 |
During this financial year the directors undertook a review and revaluation of fixed assets.This resulted in a number of assets being identified as of nil or neglible value. These assets have been treated as disposed of at nil value and an appropriate cost included in the accounts.
7 Trustees
None of the trustees received remuneration during the year.
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FOUNDATION FOR WATER
NOTES TO THE ACCOUNTS For the year ended 28 February 2022
8 Tangible fixed assets
| Cost At 29 February 2021 Revaluation Disposal of fixed asset At 28 February 2022 Depreciation At 29 February 2021 Charge in the year Depreciation - disposal At 28 February 2022 Net book Value At 29 February 2021 At 28 February 2022 |
Land and buildings 300,000 350,000 0 650,000 0 0 0 0 650,000 650,000 |
Plant & Machinery 115,656 0 (115,656) |
Total 415,656 350,000 (115,656) |
|---|---|---|---|
| 0 | 650,000 | ||
| 94,874 0 (94,874) 0 20,782 0 |
94,874 0 (94,874) |
||
| 0 | |||
| 555,126 | |||
| 650,000 |
On 16 September 2020 RH & RW Clutton LLP carried out a market valuation of the land and property at Water Science Building, Emmerson College, Forest Row which concluded that the property should be valued at £650,000. Gains on properties are not subject to tax where the gain is applied for the charity's charitable purposes. Accordingly, we have not made provision to tax on the property's increase in value.
9 Creditors falling due within one year
| Other creditors Accruals |
Total 2022 £ 0 0 0 |
Total 2021 £ 850 420 |
|---|---|---|
| 1,270 |
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FOUNDATION FOR WATER
NOTES TO THE ACCOUNTS For the year ended 28 February 2022
10 Creditors: amounts falling due after more than one year
| Creditors: amounts falling due after more than one year | ||
|---|---|---|
| Related party loans Other loans |
Total 2022 £ 113,656 30,800 144,456 |
Total 2021 £ 117,417 38,500 |
| 155,917 |
A loan from Software AG Stiftung of DM500,000 in 2001, in the form of a restricted covenant, guaranteed on the Foundation for Water's building for as long as it is used to support water related research and education in line with John Wilkes' work, and to be converted to a donation at a rate of 4% (£7,700) annually over 25 years on a straight line basis. The total as of 28 February 2022 is £30,800.
A mortgage is also held on the building, including accumulated interest, of £91,856 (2021 £95,617) by the family of a Trustee, Mr Thomas Wilkes. Interest is payable on the loan at 3.0% per annum. A Trustee, Professor C Giorgetti, has made an interest free loan to the Foundation, totalling £21,800 (2021 £21,800).
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