2023-02-28-accounts - Foundation For Water

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

The Foundation For Water

2023

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 2023

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 (retired 28 February 2023) 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

FOUNDATION FOR WATER

TRUSTEES' REPORT for the year ended 28 February 2023

The Trustees present their report and accounts for the year ended 28 February 2023.

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 (retired 28 February 2023) 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:

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,
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,
to advance the education of the public in relation to the life-supporting capacities and other characteristics of water with a nonexclusive 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.

FOUNDATION FOR WATER

TRUSTEES' REPORT for the year ended 28 February 2023

Achievements & Performance

Overview

Our main aim has been to continue to sustain our basic financial security and carry through actions leading into a new phase of growth. The last decade has been spent on consolidating the Foundation by solving its various financial, legal and ownership issues while carrying out significant research into water’s life supporting energetic responses to dynamic flow.

Research

The Stage 2 Phase 2 programme of repeating our ‘quantum coherence in water’ research has not been able to be continued because we could not find a satisfactory experimental design which includes living organisms. There has been no other research actioned or planned.

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. This agreement has been renewed for a longer term. The ground floor is available for the Foundation’s educational programmes, though use of the building needs consideration for the presence of children on site.

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. This continued throughout the 2022/23 year of report, with the possibility of a positive outcome increasing markedly. An anonymous donor has funded the Foundation with loans to cover the considerable legal costs involved.

Staff

This year we changed our accountant and administrator, so that one person took over both functions with onsite help from a second person. Our decade-long director resigned on the 23rd February 2023, also as a trustee. Three trustees remain with a further set being considered as new trustees. The maximum number of trustees was increased from 5 to 11 by the trust board.

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 backdated payment to the landlord which await the completion of a satisfactory lease. There was also a significant private donation granted to the Foundation which was directed to reduce financial liabilities on the building mortgage loan.

Assets

The building has been maintained well. New flooring cover and extra bathroom facilities have been added with all necessary approvals. The Foundation has an agreement to repay these costs to the existing lessee who paid for these developments. A new modern website has been built with social media and funding apps included, awaiting use.

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. This is ongoing. There is also a group of supporters who have been preparing for future developments with regular online discussions to understand the past challenges and achievements and to put in place what is needed for future growth in a new phase for the Foundation.

On behalf of the board of trustees

…………………………………………….

Professor C Giorgetti

Trustee and director

Dated: 12 October 2023

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:

select suitable accounting policies and apply them consistently;
obseve the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent; and
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.

FOUNDATION FOR WATER

Report to the Trustees/Directors of Foundation For Water on accounts for the year ended 28 February 2023

Charity Number: 1133741 Company Number: 06505102

I report on the accounts of the charity for the year ended 28 February 2023, 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 :

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records;or
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
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 12 October 2023

FOUNDATION FOR WATER

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

For the year ended 28 February 2023

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 2023 Total Funds 2022 Total Funds 7,700 24,377 32,077 7,700 0 0 0 0 18,301 0 18,301 21,830 78 0 78 62 0 0 0 0 68 0 68 0
	26,146 24,377 50,524 29,592 0 0 0 0
	0 0 0 0
	26,146 24,377 50,524 29,592 11,929 0 11,929 32,181 22,070 0 22,070 2,357 0 0 0 0 33,999 0 33,999 34,538 (7,852) 24,377 16,525 (4,946) 0 0
	(7,852) 24,377 16,525 (4,946) 530,287 (6,224) 524,063 529,009
	522,435 18,153 540,588 524,063

FOUNDATION FOR WATER

BALANCE SHEET As at 28 February 2023

				2023		2022
	Notes		£	£	£	£
Fixed Assets
Tangible assets		8		650,000		650,000
Current Assets
Cash at bank and in hand			36,692		18,521
Creditors:amounts falling due within one year		9	0		0
Net current (liabilities)/assets				36,692		18,521
Total assets less current laibilities				686,692		668,521
Creditors:amounts falling due after more
than one year		10		(146,104)		(144,456)
Net assets				540,588		524,064
Income funds
Unrestricted funds				172,435		174,064
Restricted funds				18,153		0
Non-distributable reserve				350,000		350,000
				540,588		524,064

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 12 October 2023

………………………………………………………..

Professor C Giorgetti

Trustee

Company registration number

6505102

FOUNDATION FOR WATER

NOTES TO THE ACCOUNTS For the year ended 28 February 2023

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

FOUNDATION FOR WATER

NOTES TO THE ACCOUNTS For the year ended 28 February 2023

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 2023 £ £ £ 0 0 0 7,700 24,377 32,077 0 0 0 0 0 0 0 0 0 18,300 0 18,300 78 0 78 0 0 0 0 0 0 26,078 24,377 50,455	Total 2022 £ 0 7,700 0 0 0 21,830 62 0 0
		29,592

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 2023 £ 68 Total 2023 £ 0 11,929 22,070 33,999	Total 2022 £ 0
		Total 2022 £ 0 32,181 2,357
		34,538

5 Project Costs

In the financial years to 28 February 2022 and 2023 there were no costs directly associated with any specific projects.

FOUNDATION FOR WATER

NOTES TO THE ACCOUNTS For the year ended 28 February 2023

6 Charitable Activity Costs

Activities undertaken directly Other costs relating to Administration and Finance comprising: Printing, postage and stationery Bank charges Interest on loans Books and publications Advertising Cleaning Telephone and fax Legal and professional Insurance IT Supplies Sundry expenses Rates Repairs and Maintenance Accomodation Disposal of fixed assets Staff costs	Total 2023 £ 11 213 1,595 0 1,155 0 372 22,070 2,486 80 0 2,675 1,878 0 0 1,463 33,999	Total 2022 £ 0 44 1,939 515 103 8 326 2,357 2,356 0 -850 3,489 2,380 10 20,782 1,080
		34,538

7 Trustees

None of the trustees received remuneration during the year.

FOUNDATION FOR WATER

NOTES TO THE ACCOUNTS For the year ended 28 February 2023

8 Tangible fixed assets

Cost At 29 February 2022 Revaluation Disposal of fixed asset At 28 February 2023 Depreciation At 29 February 2022 Charge in the year Depreciation - disposal At 28 February 2023 Net book Value At 29 February 2022 At 28 February 2023	Land and buildings 300,000 350,000 0 650,000 0 0 0 0 650,000 650,000	Plant & Machinery 0 0 0	Total 300,000 350,000 0
		0	650,000
		0 0 0 0 0 0	0 0 0
			0

			650,000

			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 2023 £ 0 0 0	Total 2022 £ 0 0
		0

FOUNDATION FOR WATER

NOTES TO THE ACCOUNTS For the year ended 28 February 2023

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 2023 £ 123,004 23,100 146,104	Total 2022 £ 113,656 30,800
		144,456

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 2023 is £23,100.

A mortgage is also held on the building, including accumulated interest, of £81,976 (2022 £91,856) 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 additional interest free loan to the Foundation, of £19,227.60 which added to the loan already outstanding totals £41,027 (2022 £21,800).