REGISTERED COMPANY NUMBER: 083936641England and Walesl REGISTERED CHARrrY MUMBER: 1151443 TRUSTEES. REpoKf AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29Th FEBRUARY 2024 FOR DROP OF COMPASSION (A COMPANY LIMITED BY GUARANTEE> W*eryates Ltd (startAlItorj 109 Coleman Road Lewier Lewtershire LE5 4LE
DROP OF COMPASSION CONTEi¥fs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024 Relerence and Admlnlslrnllve Detaib Truthgs. Report 2 to 9 Reportof the Independent Audilo 10 to 12 statorwnt of FlnanGW AMUes 13 Statement of Financial Posilion 14 Siatamthtof Cash Fltr8 15 Notss to the Slatement of Cash Flows 16 Notes to the Flnanclal Statements 17 to 23
DROP OF COMPASSIIXI REFERENCE AND ADMINISTRATIVE DAlL5 FOR THE YEAR Et4DED 29TH FEBRUARY 2024 TRUSTEES Mr l H Chhatbar Mr S Chopdat Mro M Ismail Ar S M r H Y Lambat IAr l Y Patel MrMYPatsl REGISTERED OFFICE 9 Exton Road L*eester LES 4AF REGisfERED COMPANY NUMBER 08393664 (En11 arkl Wales} REGISTERED CHARITY NUMBER 1151443 Watergates Ltd (SXatsrtoryAikW) 109 Cdeman Ri)ad LE5 4LE
DROP OF COIIIPASSION TRUSTEES. REPORT FOR THE YEAR ENDED 29TH FEBRUARY2024 The truaees aso of the clwity ts the purF4)5es of thg ComFw¥e5 ALt 2(, present their report with the financHI slatemwts of ts charity for the year PAKled 291h FfjUary 2024. The trustees have ad(Wd the provisws of Accounting aTrJ RepNtiThJ by Charities.. SLitement of Recommend&S Prathce aprble io chaiikies preparing ther acwunts in accordarrE 7th the Fin181 Repxtiry StarKlard applicable in the UK and Republ of Ireland (FRS 102) (effe(Ji¥e 1 JUary 2019). OWECTIVES AND ACTMTIES Objectlves and alm5 To relieve fin£3&1 hardship. distress and suffwing among w pe(yle. Niclims of nalural and man-made disaste and Oth p&¥e kn need, by means of. txrt not exclusi. makirvj grants (Y108ns for proNiding or pawThJ for iiems. equipment. services facilities. induthng the e¥tsblishment of irrigation sy3tems. water V115. and water wMIali sykn$ benefft oftha satd person& To Frnote sustainable delekyment for the benefrt of tr publr by ts rKeservation, conservatn and the OteCti of the environment aThJ the prlent of resources, and the promotion of su5tairthle mean5 of achiewrNJ econ(ffnic growth and regeneraic. such Ihat sustain devdopment means devekwment wl)ich meets the neets of the preSrt ilhout COMFY151n9 thg abilty of fubje gerrthL to meet Iheir o To tharKe for ber ofthe w. the thmlerwmleged and the gTal by means of, Lxrt Trx eXduVeIy. the [viSion or the asw18n in the wo¥isKJn edatiOnal actsvitw and faolitses. suth as hoc4s. fibrnries and tr8inirKJ cenlres. the twovision Ofvocati(8l traYMrwJ xl a IIng rngramme& To rele sickness aThJ io preserve good heatth amcry the poor WKI people wi need by means of. LKrt not exVelY. Ihe wovisi(m or assistance n the provision of services. ewipmenL medKms or granls medical di¥LOSts and trealment. prowwn of health edu&ition. To islam kn pUbC bernfft ty meary6 thwght fft by the trleeS from to time. Significant aclivities Durlng trl's fJaI year. have rrie{l wt the lo11(A9 vA)rk.' LEICESTER AND UNITED KINGDOM PROJECTS We pathered a thal eAucatiC estlishment to offer Islam das¥es to 25 children wilh special eduLztional ed$ {SEN). Tailored dassed ensured the clmklrgn ve a safe and wKIu5iwe vronment to ad thr learrmng and devd(ynenL Spknnw Hi115 1)Thgs and Akohol Pmgramm•: We supped a ILKXI organisation ith f181 aStaKe to wowda much needed W services for Rainl1( Hospico: We continued to wovide swprt for the F#)se that SUFwrts f8milies dealing wilh end-of4rfe ¥th compasSr care aThJ resowces that nd to ease the naya)n ofwhat is a Very drf11 time
DROP OF COMPW3SION TRUSTEES. REPORT FOR THE YEAR ENOED 29TH FEBRUARY 2024 OBJECMVES AND ACTMTIES MALAWI PROJECTS Waler. Our commitmert to prowde I9 twm sustsinable sclutms is evpkncgj Ihrough our wr irrigation prciects which W0de 0)nStent relkqble supplies crf clean water to kKal ¥illaggs. The watsr is uwl for drnking, $8nitabon a)d 0Th)MiC groth by wwblirwJ c(nmurMties to earn a INelihood thrcyjgh aJriCra fmiThJ. We Iwe delNered a further 5 IrrtrIn Sdm@S this In addilion to the 1rylgati sthemes. we have ai>) constructed 9 boreholes In rural areas to ptty4Mle clean drinkww wr to up to 18000 pee an(1 repair&J a furlher 17 eThling borelK4es to ensure sustain&l aCsS to water. To assisi ilh trawjting the water to their tK¥nos. we alw distrbuted 760 7APtth$. a simple. effective device that removes the need to cary litres of water on thr heads rO$S long dlsta Pri to Drry CA Compassion establishirvJ hearth dirmcs, access to healare in rurdl areas of MalwA VAS scaro and ovetsubscn"bed. wilh patients having tr) travel up to 3(km over dirrKxIt ierrain even bas healthcare wrL Over the past 9 swrs ¥ inilially established a d'nic in ScKnba {Mangochi district Sout regM)n of Malavlil wthich VaS folkned by an addilional faclty in Manjirn (Man91 district. services that ide prenatal. blthiNJ aNI Kx)s1 natsl care. Umo 10,000 patients from across 30 village are treated Fa mcrfth wilh 52% of cases Ike(l to Mal¥ia and 12% for HP41. Over 8.0 Beneficiar are seen to otthe maknity di)l(x amualty and from that 100Trè lyrth5 twe been delivered arwwlly. Eduullon: We 8re rmMittl to suprrfxtnig the next rdIK)n Shape a trAier lthure ts Nlakni f(y 7ththich a gy)d Many children re being disadvantaged ith their leaming jourrws having not attended pmr to starting wimary s(th)l. We launcw our first nuw to lress kn"s issue wth intention of scalir#J the m(thl natr)n1de. We buiM 2 furlher primary school bkS In our Masuku and MikLWKli hubs to enhance the edu f&iliiies in the regcffis. We also ¢tlnue to $S0r 33 skndents throuth aCurrted univer5ty ccur¥es with the 9031 of virj bac to th'r eommunilies as qualffied professthals in varied rId8 of eypertise. Sustalnable Llvlng: We aim to emFower oxnmunities to a sustanable ineome vlith v8fk)us ir¥bati¥es that ccnpliment our water iirigatm 8clmes. Our honey fwms have benefitted 500 PIe au05s 14 vilbJes ith the proiecl encragIj the emFYYAEmient of V•Dmen. the el(kty Lvphans. TTr19h our pass-on pr(41. 1CKN) goats provided aosS 20 to benefit aF$Y0malYG6sO people to date. We conlinue to promote envir(mmental suthnabilty ty F4antiNJ a 13.(K)O+ fruits trees. A key enther to these prc4ects being suesSfUl 15 the FThision of 148 for travel to markets arKI e88ential servKes. incrgasiu their prodve time. Community Developrnfrnt Hubs: Our urnVring ccrfnmrtment to eMptrI1¥j ccnmunilies 18 belr8 brow to life the davelopmert of ow ccmnmuruty hubs 7hich transf¢ areas that were once barren laTrJ into thrr4if¥J 8CLYK>miC land8caFes aKI lrrfrasre. Tr hubs comprise of essents.als wJing doan water. homes. schools a1 Witais. We have develcped 6 hubs to date benefittirvJ IIK)usarMts V*ith plans more in areas induding MikurKli. Masuku. Kalema Chigvaga to name a fvht.
DROP OF COMPASSION TRUSTEES. REPORT FOR THEYEAR ENDED 29TH FEBRUARY 2024 OWECMVES AND ACTIVITIES Emgrgency RespDn59 Icyclone): Many re9S of Malam. Ere dgvastated by the effects of a wlc. We m¢iW are parlners to prIde much rwding rdf thrcMJgh 2875 emergency packs. 708 food pth aTrJ fe£¥Jing 2th) OrIs. We also deITrred lamiirttj pk% to 28 famiors fed 112 IMleS at BlantyTe wwn. Ittaar and Hot Food: DuriThJ the month of Ramadan. Y sUPrted 75 mosques wlth meals for lftw to feed 11.1 people dally. For families in need. th55 all¢yws them io ctlserye thetr faith V4iitiLXrt having to al)(xrt how to source a daity m8al to break thew fast Thrcwfvjt the we aL80 provhled over 1000 food pxks aJoss Ihe ¢ounty to omde st4)le fd items like rice, soya. suw aNI oils to impovenshed commLnittes. SYRIA & TuR1y PROJECTS Emgryonw Response {Earthquake): The earfv4uake in the regnS had dire cseqceS fditEs aThJ life chging (rtcOmeS for families in the regicfft. We ared the c1 for emergency supp(1 to provide vital aid along with suppxyt to rebLubJ the ' of those imp•Xed. We provided food provisions tl¥ough the istrilx10n of 830 focMJ pareels and 2000 hot lftaar meds. We suppjted wih housiw need5 by commencang YrkS to bLwkl 1(X) home5 Tlh furtsr suFwt for internal need5 addressed the wAsion of 180 mattresses. ankets, pilkjws a1 carpets. We al80 delNered 30 tents. heath aTrJ coal bags for emwgerw rdief. To maintain Ihe dignity of V•Y)men. V•P ovKled 5110 abbayas {tradilKal modest ththing). We ¥e also sportsorir¥J 11 (XFtsns to ensure they provtded vAth the essentials fc daity sustenance. ROHINGYA REFUGEE CAMPS & BANGLADESH PROJECTS Food Security and DIstrIbl0. We conts.nue to the camps Sing Rohingrd refioees and Kxy¥erty slrKken of BarvJlsh thro the provisic of daty sustenance. shetler and mobility support. W.OOlh IM)t me819 were provJgJ and 667 food packs re distributed to prtr4ide relt to alrea maIrUrld communitie8. Housing and Shell•r. Muth r*ed&l shelters were wovideil fw 72 familes. tthirvJ ourtotsl to 1 Irm). Wator. We also ddNered 2 ter tankers tst Provi 10,oc lilres of water daity for 3 month5 and installed a water desalination unit that provbjes water over 25.c0 wple ¢Jaity {Ihis vrater is de8ner than b)Itd mineral water). To assist thth%e knith mots.lity issues, wouidgj 96 7htheekhairs to ease diff118$ of nagatI dai routines.
I)R(X> OF C(XIPASSION TrUSTEES' REPORT FOR THE YEAR ENDED 29TH FEBRUARY 2024 OWECTIVES AND ACTivrriES YEMEN PROJECTS Food Sgcuiity: Our focus in this rogon is to tackle Ihe pressing reds of th05e in newj. OLr malnutitson rafflme aKIs Vr1erable grow th e$$1181 nutrib(m SUp)rt and has SUPFK¥ted 10 chiklren for 6 months. Ow br& fadory prowdes nUtritiS bread for the 500tsb are focJ inseture. Healthcarn: We have also Fyovideil medical trealment 11M pa¢ts &K1 distrilwted mlk to Ise in Our soL4r powered deep tybe well contin5 to clean thinking water a1 81so cc¥nFleted U YthIatiC of a b)relK4e vthith Ser 120 faMeS ilh easy axess to water. AFGHANISTAN PROJECTS Fo¢xl Securfty and Eid Gifts: Many parts of the country ccthe to suffer Iwdships in fornis. We attempted to wowd8 mh ne8d8d relief by provK1iry daily rrishMent thr(wh over 4600 thnng the m(th of Ramadan also drng 67 food parcels 0$$ varvJus I[KathS. We are also S81ng 450 chikjren an phanage to ensure Itw have dty fc prOVS and also providgJ 83 Eid gifts to thildren, giving 8 ynall dose of IAOROCCO PROJECTS Emery8nry Response {Earthquake}: The ijjurrtry vrds slnKk by a devastatiThJ 6.8 magnilude earthquake in the high Atlas region whith d•mgJ aff&ted by 134 famkn with fo1 parc daity essenlials. INDIA PROJECTS Education: Education is the f(yJndalion to bUdIng a tétter future for cyjr youlh. We are SUFwrbng 7wroximately 250 ar mentorship. With de(licated lea[[5 a1 staff. VR (xeate a supwrtive commuiity for slwjent PAKISTAN PROJECTS Health¢. Catara(ts pose a Ma1 heath iisk, leadirvJ to visi¢in Thpairmert arbj ntial bliThJness if wtreated. We Parbiwed Imth local healthcare providers to assist 200 people ¢atsr treatsnrt in underserved communibes. Publk benefft The Tnthes have given consideralfion to the Charty Commlssth's pliShed giadance on tr Pthlic Benefft Requirement. Voluntso We a small number of volunteers lK) assist on an a&hoc basis Main duriNJ the month of Ramathan for pledge o* and attivibes.
DRI)P OF COMPASSION TRUSTEES. REPORT FOR THE YEAR ENDED 29TH FEBRUARY 2024 STRATEGIC REPORT hlevement and perfornianc¢ UNITED KINGDOM As the wng tyjes. Charity bty.ns at hThne. We remain committwJ to suptrfyting lo1 initsthves and libjtions to posilive char8e the lives ol $$ foriun8te. We have etlinued to SUPFJi LOROS ¥ce (re wovide swpNt to families dealirvj 7Mth paifiatNe care. parlnered wilh a local edLana1 establishment to provide Islamic Classes lo chikIr special educalion81 reds and also supp)rte(l a local suppryt PAALAWI The r(k of our chity. Malaw. eprtomises (r strategic inienl to provide kYKJ tem sustainable sc4utions that trdnsftjrm the lives of cnmmunibes in one of ts poorest ccukn5 acros5 the gkjbe. Ow wvje KKKtfolio in the regN)n COMFAniseS of projeds f¢xJJsed on Water. Healhcare. Educat)n. sustainab Iriing Kl Emergew Relfief. Our Susta4ble woiecls ter irrigalion, famiiThJ and Pass- goats. These muli purwse initiabves able MMli1e$ to Ilowth and a sustsinable Iwelihood and aso eraJice the need for thIk1 to wth. inthd enebling them to attd sclxx)Is and attain a good educalion. Scale lrrfrnStr thrIgh our COMMlty hubs, UCat)naI 1nslittrti w¥J 1Th¥JalK are trSf0m)IrJ preyiousty barrw Iwvjs into IhrirWj ¥eas d c¢immerce. Our lory temi strategy is expand our CnmUnIty hub model a(Yoss th8 cwntyto incraHse sc rf impact in ttms cwnty leave a la51ing cM ftr eratin5. ROHINGYA REFUGEE CAMPS AND BANGLADESH Wg have SUppd the RthirwJya rdugees from outset of their ispL3cEment aThl committed to FYo¥iding them wrth the basic essentials of lrfe so ttw can feel a sense of n(yTh81ty in th8ir th8llenging day to day circ>Jmstance. We have also i(ntsfied FKwerty stricken regi($ in Bangladesh that are in desperate need of support. We Fwvide daity hot meals &KI have ddNer8d ftxxl packs for daily terqe and have also addreswj the rtsk of dehydration by delI¥Ing 2 water tsnkers and a desalirotion unit water deaner than tM)tUed minwal water. We ha¥e aso pded shelters Vtelchairs for kn t•lth mobfi issues. Wrth Ni end for the rryoirvJ crisis. VR continue to prode reliel to those impthl. Our malnulriti( programme * vUkner sroups wilh essentiai ryjtrthon swx)rt aThJ h8S SUPW)rted 10 thibjren tr 8 mcths. Ow bread Tract provides nutriticws tead for the 5000+ who are fj re. We have also promided Medi treatrn fty 1LKKJ patients and distritrArted 500 milk to those need. sclar powereA deep tube 11 conn to Kyovide cn drinking waler and VR also coMFeted the iTl"l of a borehole 7hl)iL serves 120 families easy access to vrdter. At Ihis time. there is no Ij term strategy for Yemen. wg remain c(nmittgJ to contwiue athjresswy Ihe short term immedie needs.
DROP OF COMPASSI(XI TRUSTEES. REPORT FOR THE YEAR ENDED 29TH FEBRUARY 2024 INDIA WEST BENGPL Edation safeguards the futtjre success of the next generatw)n and we are P8SSMMate supwting alives forJJs on helFing thitdrgn realEe their fvtial. We ntinUe to supp(¥l an edu(xtion insbttrtic Itt provhkn hjlistc learrriThJ and mentor¥KJ for 250 studerts by committed teachers arNJ stsff. MOROCCO AND SYRIA EMERGENCY REUEF We can ner bg prepareil f(Y natural disasters, a)nfihas or un[lanr everts that dsruFrt the lfvs of those npacted. We can knver ensure that we are primed to respond there is nJ to wovvje SUFVXL We SUFPJtl those impac1 by the eartruake in Moro¢¢o 134 food parcds and a180 Ihose impactsd in SYT1ulkeY by buikling 1 homes, dottrMThJ forwomen and fc(MJ parcels. Financial review Financial poshl¢)n IrI1. clty is in a heallhy K¥)srlion as demonstrated by ¢xw XC( for the period in cOrM. This is due to effe(ve cost control. vknith ensure5 wr rLnnirg costs are keFI to an •ble level. Durirwj th8 Jpar the charity raised £981.20612023.. £1,047.951) in dired (knnalions the general put4ic lo Cary the Kwrammes mentioned atove. tkjring the Jtar £1.050.914 12023: £1.005,576) from the The charity rx)ntirwes to vth cthety w7th a numtr of parkner owisatiws in proliding aij to Ihe needy 8nd. most of Ihe al exJitlWe Sp1 Imth pather org8nisatbons. A small amounl raised with no resOr in aLhJitson to the income tax rver3b1e from Gif( ANJ, cordinue to omde tr charity ith 5uffi¢ient fuTrJs to oul its Charitale c4"eciives as well as the adMlStratIon of Reservos policy We aim to utilise the fvnds wilhin a of receivirwJ them. Re5wves are W for te1 woi81ts aThJ r8sp¢Mthng to emeryJencies and disasters. The urwestrKXed fuThJs the tharty IK)Id8 18 to ensure that it has suffwrt reser to cover the costs of m91Th3 and a(kninisterng the chwrty for ts fdk>wing year. At Ihe end of each financial year th8 Tw8tee8 c5c81 appraise this level and transfer any excess to bthera il is mt needed in terms of aid. The Twslees consider 6t pnjjent that the reseNes sh(yJld be sufficient for the thariVs w. The Trustees have approved th all unrestricled reserves ill be utili51 in ping Ihe charity athieve its obj&ives. Golng con¢em Currentty rYJ Concery a)ut the charity cthinuiThJ as a goirYJ clyrn. Prfncipal risks and unc•rtainttes The principal fin8niial risks uncertaints that the d*rity can face 15 reduction in donations from key donors as this is the svJtificant Portr of Ihe charws funthng. The tharlty has raised awareness of ts activfoes and seThJs ¢yJt a(fvertisiNJ mat181 of th8 work it does in order to attract more donations. Thi5 ha be $cessful as the amourt ofdonations have remaed CotanL Future plans The charty 15 lorAing a Ihe oFIS in Ythich increase thnalions Ir(Kn indivtduas STRUCTUR& GOVERNANCE AND IAANAGEMEP Govornlng document The charity is controlled by its goveming document. a deed d trus( and (xwtitth a limited cnpany, limited by guarartse. as defined by the CompaThes h£1 2006.
DROP OF COMPASSION TRUSTEES. REPORT FOR THE YEAR ENDED 29TH FEBRUARY 2024 The orgwis81l is 8 ch8rilable Company llmfiled by guartee. irKorpord on 7 Fetngry 2013. The company ¥5 established Lm(r a Memorandum of Assoaation the ct4eLts and pws of the charitle company av¥J its govefflgj under iisknes OfASall0n. Prbv81e Limited comp ty guararrtee. Recruitment and appointment of new trustees Al trustees are invofv&l in aiy sethtion pr(xess ltrt lakes plx and a ¥ote amry5t Ihe In•tees is cond(vaj to appoint any the organisation. Oryanlsallonal structhrn The board of Trustees ofthe chaiity a resprThile for the chwws strategic (lreclion. The bod of Ttee5 meet on a termty basls to discuss the ac11v.es of Ihe ¢wlty. The t)ard of trustees are SUPpted through the aid of vdurleers manage the daity runniry ofthe dwrity. STATEIAETr OF TRUSTEES. RESPONSIBILTnES The trustees (Vrt we also the directors (rf Dtop Of Compas5iLm for the purp( of CLNnpany law) are resprmsible for prepariryj the Trustees, Reptyl aThJ the financiat statements in accrydance 1th awJKat4e law and Urmted Kingdom AccountiThJ Standards {United lfjng Generally Accept&J Accounling Prath1 Finawal Re[thI Stsn(Iwd 1 Tr Rewbng Standard apFIKable the UK and Republic of Irelwd". Company I requires ts trustees to wepare firBnci81 statemerrts ts e8ch firortry81 vknich give a true arKI fair ¥iew of Ihe state of affaws of the charitatAe company arKI of the irlmIj resources and apF4ication of rescTces, induthng the ino)me and exPrture, of the charlable company fLY Ihat peri¢xl. kn prepwvu Ihose financial slatements. the trustees are required to s818( suila)Je accwntirwJ [[e5 arKI then 8roly them o)nsisienlJy. observe Ihe methods and prirtiFles in the Chanty SORP.. make1JeMents aThJ estimates that afe reasonable a1 prJent., . wepare the fina91 statemerts on grwj concern basis unless li is iiwproixiatè to Kesume Ihat Ihe (l)arilable company V4ill contmue in Ixjsiness. The IJu5tee5 reS1te for kpiThJ propw luntir records disclc6e with reasonable accura at any time Ihe financial of the ctkqiilable company aThJ to enable them to ensure ttwt the financial statements cOMY Wrth the Compgr4es Acl 20(. They are also resprSIble for safegLMrding the assets of the dritate company taking r&3sonatle steps for the weventkn aTrJ detectkn of fraj other irregularities. there is no rdevant alIt irrformation of which the charitable ojmpanrfs are unavrare: and . the trustee5 have taken all steps that tt)ey ght to have len to make themselves avrdre of ary releva)t aLKlit lnf0mth. to establish thal the artorS are aWe oftw inf(atKjn. AUDITORS Thg aJitorS. Watergates Ltd {StsknrtY Authtor). fty rfrappcintmant at the forUKomirnJ AnNal Gerwal Meetin9.
DROP COMPASSION TRUSTEES. REPORT FIXI THE YEAR ENDED 29Th FEBRUARY 2024 Tru5tees' rewt. incryrating a strategic rewrt apFxo¥ed by order ofthe board of tnk%tees. as the diredors, on 15th Nolember 21Y24 and wd on the board¥ behaw ty. Mr M Y Patel- Tru51ee
REPOIU OF THE INDEPENDE1 AUDTfoRS TO THE TRUSTEES OF DROP COMPASSIOM Oplnlon We have alited the financial slatements of Drq) Of Compassion (the 'chaitst4e Compan the erKled 2bMh Fetffuary 2024 ttICh ¢ompri8e thè Statement of Finan(xal Acb"vilies. the Statement of Financial Posthon. the Statem1 of Cash Flovts aThJ rK)tes to the fmarKl statements. incITra a summwy of signfficant arLounling WKies. The finanual rewxting frame%K that has been aFfAied in trir preparath law and United r0dOM ctIrj Standards {Unit&J Gener81ty Ao2pbJ ACcn11ng Pracaice). ind1ng Financial RetxNting StaNJard 102 Financial Stantsr(l apF4icable in the UK aKI Republ of Irelanrf. In our tyirion the fmancial ststemerrts.. ve a 8Th1 f8ir of the state ofth8 charitatle ccThpanls affairs as at 291h FeLYuary 2024 and of its irwming resources KI applicalion of reSrees. Irling Its Income and eXpditure. for the y8ar then wKiuding FInarla1 Rewrling StarM1ard 102 Tre Filar1 Rewffting Siandard applcable in the UK and Rewt4ic of Irew. a Basls foroplnlon We cfffidld audit in acdare with International Sdards Audibng (UK) (ISAS (UK)) and applile Our reswnsitm'libes under lts)se stand¥ds are furlher descriW in the ALbJttors' r&SFm)nkn1rtIes fLw the autht of the finanaal statements 110 of w rewL We are ITh18ndl of the (ritabLe cc¥npany in wA>)rdan with the ethical rw4uirements that are rolovant to our audit of the financi statements in the UK. Irudirj the FRC'S EthKal Standard. WKI we have fulfilled OLf other ethul reSpSIbIlI11eS in 8ccord8rKe Imth th8se requirements. We believe that the audtt e¥ldence V have obtained is Suff1errt and approprth to wovide a baws ts cw opinion. Concluslons relatlDg to going concam In audibrrfJ Ihe finanrAd stat&. we have conduded Ihgt the trustees. u¥e of Ihe going Cor ba818 of iunling wi the preparatKin ofthe finanoal StateMts is apwopri. condibons that. Ywjiyidually or collectNety, may cast signfftant d¢xtht on Iha charitae companys atmlity to o)rrtsnL a8 a gdng 0Cern for a peiioj of al least ts¥elve mcth from V•tn th& anal slalements arg authortsed issue. Our responsibilties and the rnstKXlil1eS d the trustegs Mfjlh rwed to goiry are desCrd In the rdevant lirTh Lrf ttNs iewt. Other Information induded in ts Ajvmkql Rey( ottw than the finartial stat&8 and cu Report ofthe lthpendent AwjliS Our Opin on the financial StsIents does ncrt ¢over the other information and. exc4rt to the extent ctherwise expliciuy stated in our rewrL VOE do not exress any fom) of assurarKe cryKlU5i thereon. In conn8ckn audit of Cial ststements. (AX le$11ty is to read the otP£r InfomiaiKm d. doing $0. consider whether the other infLvmatwJn is Material IncCs1stent ¥th the finala1 statemonts or our kn cthined in the audil or oth8Th*ise aFpears to be matetiaily misslated. If we identify such material incL51SterKles or apparent material misstatemenis. Vle are requi to ddermine vhthr tris gives rise to a material misstatemwrt in Ihe fThincial ststements troMSees. If. based on the worf( pwfrxmed. we corlude that there is a matsfial misststement of this Olher informatic. we we rewired to rerKJrt tha fxt. We have nthiNJ to retM)rt In tr#s regard. -1
REPORT OF THE INDEPENDENT AUIXTORS TO THE TRUSTEES OF DROP OF COMPASSIOM Matter5 on which Twe are requlred to report by exceptkn We have thIng to report in res1 of Ihe follrythryng matters l)ere Ihe Ch&ilies (Accwnts Repts) Regulatms 2008 rewires us to rewt to yw rf, in our opinion.. . the infomi81iM g in Ihe trteeS Rewrt is inconsistent in any material resFeCt wilh the firla1 Statts.. ( . the chitable ClpanY has kept adeqte acCnng recrxds: or . the finarKBI statements are not in agreement with the C(XmIln9 rec(xts arKI rebjms: . we Ve nrt received all th8 irrfomiation and expL8nat#)nG we tewYe for r wdiL Responslblllues of IJust5 As expLained more fully in the Statement of Trustees. Responsibilities, the Irustees are also the dIrtOrS of the charilable compary for the wrpDSes of company law) responsible for the preparation of the fin8naal statents and for beirwj satisfied that they give a trug arKI tsir ¥iew, for inlemal control a5 the tswstees detemiine is necessary to enAe the weparalicffi of fcial statements that are fr from material misslatemrt tther due to frAI CA errty. In wying the finarti81 Statem5. the trustees 8re resFs1b1e for assessww th8 cantthe compatys ablty to continue as a goiry COTKem. disdosing, as apF4icable. matters rela1 to going Ixrwn and uwrvJ ir#J corKem ba515 of accwntiw wless the ITU5tees eilher intend to liquidate tre ch¥ilable compary or to owati($. or habp no realislic altemalwe to do so. Our responsiblllues for the audlt ofthe finandal statem We have been appoint&1 88 athjitors der Section 144 of the Charilies ki 2011 armj rgvt in acCde ¥th PLt and relevant regulalions m or havirwj effec thergjnder. Ir obibves are lo obtain rea%yHble assurance ab(xrtvthethw the firorwi 5tments as a we free from material misstatement. V4t)ether to fraud or er. and to issua a Rep1 of the Indeperthrt AlItorS that indth ow opinion. Reasonable aswrarK is a Jh level of are. tmrt is rnt a guarantee thai an au(rrt CldUd in rdan 7hryth ISAS (UK) ill aways deteL a material misstement en it exists. Misstaiaments can arise from ftaud or error and are C(sider8d mwial rf, individuaty or in the a99gate, they coukl reasonabty bg expeded to Inffluen the Kornmic decisThs of users taken on ts basis of these finla1 81atements. The exftt to whoch c4Jr wowJure¥ are Izpthe ol detethrwJ 1ryular8$. irKJdk¥J fraud is detaikd tdrAv'. Iwknie5 are inst¥Kes of rKTrcomplIar with and rewlatiorts. The obiethes of our audi to obtsin sufficiert approwi audit evide regarding ¢rMnpban wilh kiws aThJ regulations tst have a direct effect ¢)n Ihe detwminalion of material amounls and disdosLres in the fmarKial statements. to pthm audit o(%dure5 to help identity in5taKes of n.C(wnYwce ith other law and regulations that may have a on-compliarKe wilh la aryj regtiOnS Identi thjring the a1. In relalion to fra1. the obiectp4e5 of wdit are to thitify assess th8 risk of matenal mis#alemeni ol the ststements due to fraud. to cthin suffiaerrt awropriaa audit eviden regarding the assessed risks of material misstatement due to fraj through desKJning and implementwy apyotKiate reswnses aml to reSpd aFprowiatety to frdud ( suspeded fraA Klenlified the -11-
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DROP OF COMPASSION to ensure that the entiils orerations are corKlucted 8rd&e Vilh Ihe provisK)ns of la arld regathS and for the wevenb'on detection offrwd. In Idtsfyry arKI a5sessng risks of material misslatemwrt in respect of wregularrfles. kKaLKling fraKI, the audit erWJagnent team.. . CthIrd an uThJerstanding of the nalwe of the irKknsty arKI sector. ir1ng the W and regula fram•yk Ihat the company oKws in and h¢yw the company is comptying the legal rla . iryuired of managemert arwj ItM)se drged ¥th g¢)Vernae, ab their idenlifi¢ali¢M and a¥se¥smwrt of the risks of irregularii5. incltsjing any known actual. sUSpted or alleged inStanS of fraud,. . discussed matters about rKwmplance with laws arKI regulations and fraud might occw IrKIng a5sessmwrt of W and vknerg the finKial statefflents may te Sl)le to fraud. As a resull of these prrKedwe8 * consthr trÈ mcot significart laws reattirts thal a di[t impact cn the finan(a81 siatements are FRS 102, Ihe Ccffipanies Act 2006 and tax compl1w regulations. We wfomied a11 woe&Jures to thtect rw.coMla may have a material impact on the fi9rla1 statements vthich indud&J reviewrwJ firwKial slatnent disclosures. In$tilvj pJèn wilh Wl tax auttrKMity and evaluab"rKJ 8dyiee red frcrfn external tax thisors. The most gnIfiCant Jaws and regulatic8 that an indirect impact the financial ststements we those in relati to emplOent regulations. We performed autht prctedures to inquire of mement those (wged wlh governan vthether ts cci)pany 1$ in Complice these la and r•Julalions The aJIt engaganent team idenlified the risk of Magement ¢)wride of controls as the area where the financial staiemerrts ¥e most suscekble to material misstalement thje to frd. Autht procedures perfoed vKluded but were not limited to testing manual jwmal entries and 01 adjuslments and eNBluating ts Ixwness rationale in relalion to SbwfnL unusual InsaLl orwj irto outside Ihe n(Mal coupse of Iwsirs. A furthw desulNkn (rf our re8KMs)Illes for the aLxIit of the fin statements is located on the Finan(?al CourKil's wthte al whw.frOug.uklaIssp0rlbI1rfI8s. This dgsryiptirfft f(1$ part of our Use of our report This report is made sc10 to the chaitth CoM¥S trustees. as a body. in a(wrdm 1th Part 4 of the Charthes (Accnts and Rewrts) Regulati15 2(M)8. Our autht th has been undertaken so Ihat might ** to tharitaAe ccrfnpaws twstees th(&%e matters v are reqthred to ste to them in an auditors. report and for Tr) other PUrFSe. To the fullest extent permitted by law, VIP do N)t accept (ff assume respsibIlIty to anyone other than the thariiable company and the charable companys trustees as a twyjy, for our a1 vLk. for kn"$ rewt. or for the ¢¥inKJns have fcrned. Njy for ar on betHff ofWrgates Ltd (StatutyAudikf) Efwiile to act a5 en amlltor In tefftis of Se(alon 1212 of the Compawes Ac 20( 109 Coleman Road LE5 4LE 15th Novembe¥ 2024 -12-
DROP OF COMPASSKIN STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 29TH FEBRUARY 2024 Tot•1 Tolal lund fund INCOME AND ENDOWMEiifs FROM 10Q993 981.206 1,081199 1.095.825 EXPENDITURE ON Charitablo acilvltles Donations 50.896 1,050,914 1,101,809 1.032,138 NEf INCOMEIIEXPENOITURE) TTrnsfer6 boiwMn funql$ (69.708) (13.610) 63.687 12 128.1)02 Net MOvt in funds 28,096 141.706) {13.610) 63.887 RECONCIUATION OF FUNDS T(Aal foThArd 21Q748 424550 635398 571.611 TOTAL FUNDS CARRIED FORWARD 238.844 381844 621.688 835.298 Thg Th)tss pa9e O fom part ofth88e finarwl statts
DROP C(XIPASSION sTATEmEP OF FINANCIAL POSITION 29TH FEBRUARY 2024 Tolal nds Total fund lunds CURREKf ASSErs Debt Cash at bk and 10 36.(J)O 206.343 35.IY)O 589.188 60.245 577.553 382.846 241,343 382,846 624188 637,798 CREDITORS Amcuts 121j due ilhin one 11 {2,500> NEf CURRE1 ASSErs 238.843 382W5 621M8 635298 TOTAL ASSEfs LESS CURRENT LIABIUTIES 238.843 382,845 621.688 635,298 NET ASSErs 238.843 3B2.845 621.688 635,298 FUNDS 12 231843 381845 210,748 424,550 Restri¢tsJ furth TOTAL FUNDS 621.688 635,298 The thwitobie company 15 entitlwl to exemFthn from 8jit under Seclfion 4TT of the Companies Act 2006 for Ihe erbknj 29th FebTUWy 2024. The memLvs have Tr)t deited nolice. pw5Uart to Sedion 476 of the ComwNes A¢1 20( requirir#J an Jit of these firhKial slatemenls. The trusts acknuM&e tsr responsibilities for (a) ensuiiry Ihat the charilabie company keeps alwlg record5 that mplyrIh SwAi(Yts and 387 ofthe Companies kt arKI {b) weparirvj finwKial statements thich we a and fair Niew of state of affairs of the tharitabTe o)mpany as at Ihe erKI of each finCial yEar an(1 of its surplus or defid for eadj financial ar in accdance 1th the requirements of secilor 394 aTrJ 395 and vthith ¢Ahephise comply Ihe re1M9J}ts of the Companies 20[6 rdats.ng to finala1 statements. so fw as to the These finwKi71 statwnents have been allied under the requrements of sec11c 145 CA the ch9e5 Ad 2011. 151h Novgmbar 2024 and signal on its behalf by. Mr M Y Patd- TnBtee Th• notes on p4e O fcrfm partofthese fmancl statwnty -14-
DROP QF COMPASSK)N STATEMENT OF CASH FLOWS FOR THE YEAR ENOED 29TH FEBRUARY 2024 Cash flo from oparatlng actlvllles 49,250 Net cash W0vd by operatiThJ &livilips 49.250 Change In ca8h and cash equlvalents In the reportlng pwl¢)d Cash and cash equlvalents atthe beglnnlng of the reportlng perl¢d 49.250 528,303 Cash and equhalents at the end of the reporting period 589.188 577,553 The Th)les page O fonn part ofth8* ststtyn¢nts
DR(X¥ OF C¢XIPA&8IOM NOTES TO THE STATEMENT OF CASH FLIY•IS FOR IHE YEAR ENDED 29TH FEBRUARY 21)24 RECONCIUATION OF (ExPENDrrURENCOmE TO NEf CASH FLOW FROM OPERATING ACTMTIES 2912r24 Nat lexpenditureffic0mè forthe reportlng ylod (as perthe Slatemènt of Flnanclal Athltlgs Adjustments for. Oe(¥easel(IKrease) in debtS 113,610) 63,687 21245 <14,43n Net cash pmvlded by operallons 11,635 49.250 ANALYSIS OF CHANG&8 IN NET FUNDS At 12.23 Cash Ilow At 292.24 Net cash Cash at bank in hand 671.553 689.188 677.663 689.188 sn,553 589,188 The note5 on page O form partofthese ffinaThial siatsm -1P
DROP OF COMPASSION NOTES TO THE FINANCIAL STATEME15 FOR THE YEAR ENDED 29TH FEBRUARY 21124 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The finaniial statemerrts of the charitable company. which is 4 PLknlic enlity uThler FRS 1W2. have been prepared w) accdan 1th the Charths SORP {FRS 102) Accounting arNJ Repcrtbro by Charthes: Statemeni of RMMerled Pr&tice uble to tharilies preparing Ih"r accounts in accudants 1th the Fin8naal Reirj Standard i(able in the UK a1 Re>1 of Ireland {FRS 102) {effeAive 1 January 2019).. FInala1 Rewtng Stsndard 102 The Financial Repryting Stsndar(J aptAicabk in the UK and Rewbilc of IrelarKf and the Companies Act 2006. The fn3nGial ststements have been preFrj under Ihe historical cost con¥tron. The ChrtY meets definibon ofa thitity uler FRS 102. Assd8 and ItIrleS are iniliaty at hist7¢ cost or trawthn value uni855 Othe7¥e stated in the releva)t accountiThJ pofry note{sl. The functiwl orn¢y of the cf• 18 cornidered to be pourbjs sterfing beeauge that is the cwren of the wmary ecorKrfnic emiironment kn 1¢h ts Crity cperates. The finarnyal sLments are also 9$ n Ld$ stert#ig. The ami)unts in the finarrial statements we presenled to the nearest £1, The prePaon of the finwKial slmMts in complian 7hith FRS 102 reqiires of certain cal accounling estimates. It also requir8s management to exer(ase judgement in apFIrj the chartys 8cccMJrting pokw. There are no swJnrkant areas quIring material Irner, estimates INCOME All w)Me bs rKtsJnised in Ihe Statement of Financial A(Mbes the ¢harity has enllUema)t io the fur. it is probat4e Ihat the irKrAne will be r1ved and the amount can be measured reliabty. DonalloTrs and l•gacies: Thls comFxise5 ail irwmrbJ resources from lkYwt ¢011gcknJ threcdy by ¥duntWs and inwme from fundraising events during Ihe year. Gift tax recoverable under the Grft AKI Scheme is recognised where there is an entTUemert certainty of recebpt and tha amount can be measured 1th suffioent reliabifty. Where a daim for repayTnent of income tax has been or Vlill I male. such InMe is irrludwj in the detrtiKs' amount il slll ncl recepRd by the year w¥J. The value of sa¥ices provi¢kd by volunteers is drfficJJh to ijrt a Morlary value on 8NI therefore has not Ind in ilh the Charilies SORP {FRSl2). EXPENDITURE c<>mMing the charity to that experffliture. it 15 probable that a Iransfer of ec(Thmic benefrtS ¥•ill be rewired in settlement and the amount of the obligation can be measured rdiabty. Expendilur& is accounted for (x) an a£ctu baS arKI has been clas$ffi8d under heathngs that agwate all cost rek2ted to the categcry. IhThere costs cannot b& drectty atlritrNJted to P8rtiuikr Iwding5 they have been 8lk)cated to on a bags consistent WTth Ihe use of resources. EXtMrte is dassified under th&folh)V&ing actNity headirvjs: Charitable actlvlties: Costs asscmiated wth the pmi&on of emergency relef. de¥doFYnent longer term rehilrtalion programmes as elabted on in the Tntslees. ReFNL These itKILth both direct tharitth expIlre. grants payat4e ar>J support eosls relaling to tw ¥bths. Grarts parth to other orgarusations for lief projects are induded SOFA kn apprDved by the -17-
DROP OF COUPASSION NOTES TO THE FIIIANCIAL STATEmEPs- continued FOR THE YEAR ENDED 29TH FEBRUARY 2024 ACCOUNTING POLICIES- ¢ontinu EXPENDThURE Support costs: SupFKYl cosls are tP#)se functions that a5SiSt ofthe Larity but th) Tb)t directy undertake charIlab activibes. Suppryt costs for a single &livity arè alkKated to the parti9r activty e the cost relates direthy to thai adivity. HV. Supwt costs that represenl the support fundNJns of marwmert finance. human restyjrces. IT aThJ supwt departmwts athitAAable to the management of ChaiiVs assets. are 81bcated In to the1sTE of charitthe actiwty durvvJ lh8 perw>J. Governance costs: These we the o)sts as501iatsd with the yemance arraThJements of the charity. a5sccith 1th the strategic management of the cHtiWs activibes. Govemance supwxt costs are kjth i)n the b35is of supwt adivlies ptovided cm dearty intw govefflm matters. Grants offed subject to ¢rKtIOnS which have not bw met at the dale are rnted as a crmmiknent bui r1 as experKlitLfe. TAXATION FUND ACCOUNTING Unrestrided can be ed in accor(nce wNh the d)arltable objb¥e6 at the discrethjn of the Restrthd funds onty be used for partiClar reslrthd PLYFoses thIn Ihe r)jerAs of the charity. RestrKtics arise vknen SpeCrf by the (k)rKY C Vttn fuTrJs are rased for P¥bclar restric DONATr)NS AND LEGACIES DOr110nS 1.088.199 1,09S,825 The charity beneffts greauy from the involvement enthuslastlc suprAXt of ts mary volunteers. In adance with FRS 102 arNJ the Charities SORP (FRS 1021. the economic contribUn of general CHARITABLE ACTIVITIES COSTS Grakrt fundlng of Direct Costs188• Support Costs Isee nots 61 Is•e note 6) Totals 20,179 1,IJ59,1TI 21453 1,101,809
NOTES TO ThE FINAMCIAL STATEMENTS- Continued FOR THE YEAR ENDED 29TH FEBRUARY 2024 DIRECT COSTS OF CHARThABLE ACTiwfiES Travel aThJ bsi$ten 20.179 GRANTS PAYABLE Donabons 1.069.177 1.016.659 The tota grants paid to insbtulions lh8 >parwa$ 8$ f01b. 2912r24 Vamus reliefand swrt prcgammes 1.059.1TI 1,016,659 suppotrr COSTS manag9nlI Finance 19,911 1062 1.080 Swrt co5 Ind in the above. are as folbm: Total Tdep 273 Sundries 1,150 604 Consullwi Bank tharges Subscriptions ALKlrtors' remnatiOn 14.173 752 7.123 -1
NOTES TO THE FINANCIAL STATEMENTS- eonunued FOR THE YEAR ENDED 29TH FEBRUARY 2024 INCOMEIIEXPENrxruRE) Net Ine1{exp)dite) is stated after c1w9n(credIbNJ).' Auditors. remuneralion TRUSTEES. REMUNERATION AMO BENEFITS Tlwe re M trustees, remuneration or othw efts for Ihe Jear erthd 29th FebrLWy 2024 for the eed 28th February 2023. TRUSTEES. EXPENSES There no trL' exp8w Feid ts the year ended 29th Febrtry 2024 r for the yfrar erthd 281h Febnjary 2023. COMPARATNES FOR THE STATEMENT OF FIMANCIAL ACTivmES Totsl funds fund nds INCOME AND ENDObVWS FROM Donations and legaaes 47.874 1.047.951 1.095,825 EXPENDITURE ON Charltable actlvllles Donations 26,562 1.W5.576 1.032.138 INCOME 21.312 42.375 63,687 RECONCILIATION OF FUNDS Totsl fuThJs broLtht fonprard 189.435 382.176 571.611 TOTAL FUNDS CARRIED FORWARD 210,747 424,551 635,298 10. DEBTORS: AMOUltrs FALLING DUE wfrHIN ONE YEAR 80.245
I)ROP OF COMPASSION NOTES TO THE FINANCIAL STATEMEiifs-conUnu FOR IHE YEAR ENDED 29TH FEBRUARY 21124 11. CREDITORS: AMOUtirs FALLING DUE MTHIN ONE YEAR Ac£Nals and defew8d im]me 2,500 12. MOVEMENT IN FUNDS Trnnsfws At 29.124 At 1.323 In fund$ Unrestrlcw funds Gal fvJ 210.748 (28.002) FeeditYJ Orphans and dmldren in rwl Water 73,331 16.433 137.2rn 116A33) (30,$561 (10.070) 1674 21?55 36,054 46,747 10,921 1&783 227.779 DevdoKment 21.457 277.736 28.IN)2 169,707) •002 382.846 TOTAL FUNDS 113,610) 621.688 Net moent in fwth. IThSUd in the 8bove as Incoming r*sour¢es Unrestrktsd funds Genwal fund 106,993 56.097 Restrlctsd funds Feeding ornS and dyhjren in rEed Educati( 32.732 13,042 (70,009) (29.475 1259} {96,501) 1129.687) 184.3321 {638,650 137.277) 116.433 I306) 110.070) 1674 21.956 Merfical and haallhcare Development Mosl needy restricted 119.617 660.605 981.206 {1.050.913) (69,70n TOTAL FUNDS 1,008,199 {13.610) -21-
DROP OF COMPASSK)N NOTES TO THE FINANCIAL STATEIIE14TS. contlnugd FOR THE YEAR ENLEO 29TH FEBRUARY 2024 12. MOVEMENT IN FUNDS- conknued Comparath195 for movoment In funds A11J22 fund8 Unrestricted fvnds Ger fuTrJ 189,435 21,313 210.748 FeediThJ Orphans aThJ cAdren in rRed Wr Medic81 healttKare Develot¥nent 50.946 31.( 56,415 73,331 16.433 77,303 10.¥21 18,783 227.7T9 114,6331 20.888 10.921 (29.019) 31.832 47,8ff2 195,947 382.176 42,374 424.550 TOTAL FUNDS 571,611 63,687 Cc¥nparative nei movement in fuThJs, Ind in the aly)ve we as follows.. In¢omlwJ R•sourc•s IID¥qment In Unrostiicted funds 47,874 (26.561) 21.313 R•8tslcted funds Feedirg Or[an5 children in need Educalitin 117.505 14.567 4.Y14 178.608 57.588 51.347 823.762 (95.120) (29.200) 14.574) (157.noi {46,e67) 180.366) (591,930) (14.6331 20.888 10,921 {29,019) 31,832 med81 aThJ healthwe 1,047,951 (1.005.5rn 42.374 TOTAL FUNI)S 1,095,825 (1.032,138) 63.687 -22-
DROP OF COMPASSION NOTES TO THE FIP4ANCIAL STATEMENTS- cothued FOR THE YEAR ENDED 29TH FEBRUARY 2024 13. RELATED PARTY DISCLOSURES There were no relate(I pty transaclions lor the ended 29th February 2024. 1 COMPANY UMITED BY GUARANTEE Drop (rf CLYnpassion is a (7panY limited ty guamtee and 0rd1J does not have a share c*1. member Lrff the ccfflpany undertake8 to contrlbute amtyJnt as may be required not exceedirg £1 to the assets of the chartiable company in Ihe evenl of it5 being vnurKI up h8 or she is a membar, or willin one ar after he or sho 58$ to be a manb8r.