2024-03-31-accounts

Charty registration number 1167458 GROUNDWATER RELIEF ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

GROUNDWATER RELIEF LEGAL AND ADMINISTRATIVE INFORMATION Trustees K Upton A Bastable E Stevenson CEO G Burrows Charity number 1167458 Registered office Room 19, Chimmels Park Road Dartington Hall Totnes TQ9 6EQ Independent examiner J Milden FCCA Darnells Chartered Accountants Totnes Devon TQ9 5RP Bankers Cs>operative Bank PLC P.0. Box 101 1 Balloon Street Manchester M60 4EP

GROUNDWATER RELIEF CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 10-17

GROUNDWATER RELIEF TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with Ihe accounting policies set out in note 1 to the financial statements and comply with the Chanty's Constitub'on dated 1 November 2015 and "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 2019). Objectives and activities Our vision Groundwater Relief's vision is of a worfd where grounchvater resources are developed and managed sustainably and fairly for the benefit of all. Our mission statement Our mission is to prevent and relieve povety by providing technical support to the humanitarian and development sector to ensure everyone has access to dean water and groundwater resources are sustainably managed. We achieve this by working with a global membership of over 520 experts to help authorities manage groundwater infrastructure and resources, and to build the capaaty of groundwater professionals. We believe data can have a profound impact on the understanding and regulation of this vital resoLrce and this knowledge will help vulnerable communities to become the custodians of their resource. Ob"ects To prevent and relieve povety and sickness and promote the good health of people anywhere in the world by developing their and their water providers capacity to sustainably use and develop groundwater resources. rin We believe that groundwater resources should be managed fairly and sustainably for the benefit of all. We recognise the limitations of any individual and Y￿11 athys seek to work as a collective, engaging the highest level of expertise. We endeavour to make all data collected by Groundwater Relief staff and members publicly available if this does not jeopardise people's safety or the trust of our partners. We recognise the value in promots.ng peoples understanding about groundwater in order to empower them to be custodians of this resour￿. Public benefit In all activities undertaken by the Charity. the Trustees have taken irrto account The Charity Commission guidance on public benefit and, in our opinion, all of the activities have benefitted the public. The Charity provides public benefit by endeavouring to provide relief, support, income, and livelihood opportunities to people, anywhere in the world, who live in poverty, or lack aC￿sS to sufficient, safe, acceptable, physically accessible, and affordable water, by developing their and their water providers, capacity to sustainably develop groundwater resources.

GROUNDWATER RELIEF TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance As Groundwater Relief {GWR) continues on its pathway from start-up to stability, 2023124 has seen many project successes and positive changes to membership and staffing, alongside challenges associated with high workload and fluctuating income with limited finanaal buffer. Projects have been successfully completed for a number of partners including Oxfam, IOM, ACTED and MSF across Bangladesh. Yemen, Syria, and South Sudan. to name just a few. A significant step forward has been the creation and recruitment of a new Head of Finan￿ and Administration position. This position was filled in June 2023 and has enabled GIMi to make marked progress in developing and implementing our governance and finance strategy. This will continue in 2024125. We end the year with record membership numbers, which allows us to continue to provide unique groundwater expertise to the humanitarian sector. Continuing to develop our capacity and procedures to effectively engage the membership will be a priority for 2024125. Although our income fell compared to 2022123, we start 2024125 in a strong position wth a £1.OM Drought Risk Reduction (DRR) project moving forward with IOM in South Sudan. This 11 be the largest project GWR has led to date and will allow us to start to build up a more robust financial buffer, improving finanaal security for the coming year- another priority for 2024125. hni Groundwater Relief invested significant time and resources into the development of three separate large scale project proposals over this financial year. Al three of these proposals were considered likely to develop into projects. The proposals included groundwater resource management works within the south of Yemen, large-scale capacity building of the self-administration in North East Syria and supporting the drilling of mults'ple production wells in Ukraine. Unfortunately, for different reasons. outside of the control of GWR, these projects did not materialise. Despite these projects not going forwards. Groundwater Relief s technical team were kept busy with various other projects. Notable accomplishments over the course of the year are listed below. GWR completed an analysis of groundwater resources and water resour￿ management systems within the Somali region, Ethiopia. This work was done in collaboration with Médecins Sans Frontières-Holland. The work included.. a compilation and review of available data and literature from which published and nonpublished English language reports and maps were synthesised,. the development of a GRACE model to determine mass water balance changes over a 20 year period from 2003 to 2023,. an assessment of recent and future rainfall over the Somali region., presentation of a 3D geological model for the region., and key stakeholder interviews undertaken by a prominent Ethiopian hydrogeologist and GWR member. Data collected as part of this desk study has been made available via an online GIS map that can be accessed through the following link-. -.li webma wr ml Im rfin 38507059bed440b6bde10773da8e5488 GWR completed a secondary pilot of our Water Dats Rocks groundwater monitoring phone application with the National Water Resources Management Agency (NWRMA) of Sierra Leone. The pilot comprised two phases of work which induded Water Data Rocks application trainings, stakeholder workshops and establishment of field monitoring sites. The pilot was undertaken in collaboration with NWRMA staff.

GROUNDWATER RELIEF TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Yfv? Photo 1.. Field training on collecting water level data using Water Data Rocks GVVR phone app in Sierra Leone GWR undertook a remote Hydrogeological Desk Study of the Northem Bank of the Kakhovka ReseNoir, Ukraine on behalf of Oxfam. In June 2023 the Kakhovka Hydroelectric dam was destroyed resulting in extensive flooding, displacing populations and necessitating urgent evaluation of water supply options. Given the limited availability of information about groundwater resources in the area, Oxfam requested Groundwater Relief to conduct a remote desk study on the aquifer systems within the region. The aim is to gain a better understanding of underground water resources that could potentially replace or complement surface water sources. The objectives of the study were met by GWR and an online map was also developed to provide basic drilling guidance to support actors who were looking to drill water supplies within the region. The map is available here= A groundwater resource assessment was undertaken wth Medecins Sans Fonterieres Holland IMSF-OCA) to improve water security for nine Public Health Centre Units (PHCUS) within the Tonkolili District, Sierra Leone. The PHCUS were being served by shallow wells, which 'ran dry, before the onset of the rainy season. Groundwater Relief was commissioned to carry out a geophysical assessment to identify drilliig sites for the 9 new proposed boreholes. Project data has been made available via an open aC￿sS ArcGIS online map.. wrelief.ma s.arc is.comla slma viewerlindex.html? ad7f508bfOb34190b35e5510dd3d9e5b webma In 2023, conflict in Sudan, led to significant population movements, with people fleeing across the border to Chad and settling into temporary settlements. These camps had inadequate water supply infrastructure to meet the needs of the new arrivals. Groundwaler Relief was commissioned by three different Medecins Sans Frontieres organisations to support the siting of boreholes as part of an emergency response in five refugee camps, in the east of Chad.

GROUNDWATER RELIEF TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Photo 2.. Team supporting the geophysics survey work in Andressa Camp, Chad Staff and Membershi Groundwater Relief has a membership scheme in vthich individuals are able to provide their technical knowledge in support of humanitarian and development projects. Members are located all over the world and provide a myriad of expertise in support of groundwater projects co-ordinated by Groundwater Relief. These projects are not exclusive too but are mainly in sub-saharan Africa, the middle east and the far east. By March 2024 the membership was 569. Groundwater Relief has a small staff group who manage and Covordinate groun￿ater projects. Staff will project manage, work on desk studies and attend site visits as part of these groundwater projects, using membership expertise when required. By March 2024 the staff group was four. During the year in review the Administrative Offi￿r left in April 2023, and the Head of Fundraising left in July 2023. A new Head of Finance and Administration started in June 2023, as part of the Charity s strategy of developing Groundwater Reliefs governance and financial strategy. The Charity was delighted to continue its intem programme to help develop groundwater specialists. Groundwater Relief had one intern during the financial year. Partnershi Develo ments Groundwater Relief signed a global Framework Agreement with Solidarities Intemational ISI) in December of 2023. This agreement was to encourage collaboration.. in technical assistance and support to field and headquarters teams,. in the design and monitoring of water supply systems., in training and in the development of tools- to prevent and alleviate poverty and disease,. and to promote the good health of the populations in the areas of intervention of Sl by developing their capacity to use and develop groundwater resources in a sustainable manner. Groundwater Relief also became a partner of the Global Water Partnership in November of 2023.

GROUNDWATER RELIEF TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 These new agreements compliment existing Global Framework Agreements signed wth the International Organizalion for Migration, Medecins Sans Frontiers Holland and Oxfam. From Start-u to Stabili Groundwater Relief made significant efforts this financial year in improving its systems and moving to a more stable and solid footing as an organisation. Key changes that were made included: Improvements in the GWR accounting systems and processes through employing a full time financial administrative lead., Moving all data management systems and communications to Microsoft 365 and Teams; Starting a 360 annual appraisal scheme. Financial review Total income for the year was £228,569 (2023: £342,334) V￿th the decrease being the result of thr* large scale project proposals which did not go ahead due to various reasons beyond Groundwater Reliefs control. Income from fundraising stayed steady at £38.074 (2023.. £39.980). Project costs totalled £85,223 (£2023.. £161,691), staff costs totalled £149,374 {2023= £139,051), costs of raising funds totslled £94 {2023'. £nil), governance and support costs totalled £54,359 (2023: £48,213) and foreign exchange losses totalled £2,645 {2023= £nil). There was a net defiat of funds for the period of £63.126 (2023.. deficit of £6.621). The Charity's policy on reserves is to aim for a reserve equivalent of up to six months running Costs. Plans for future periods In January 2024, GWR held a hybrid strategy meeting to discuss and develop a new five-year Strategy. A key priority for 2024125 will be the completion of this Strategy for 202&2030. Following several failed attempts to recruit new trustees, we will also be looking to increase the capacity of the Board of Trustees so we are in a strong position to continue to grow and support the Charity into 2024125 and beyond. Structure, governance and management Groundwater Relief is a charitable incorporated organisation registered wrth The Charity Commission in England and Wales under charity number 1167458. It was registered on 6 June 2016 and is governed by it's constitution dated 1 November 2015. The Trustees who served during the year and up to the date of signature of the financial statements were.. K Upton A Bastable E Stevenson Recruitment and appointment of tnistees When appointing new Trustees. the Board of Trustees tske into account the appropriate skills, knowledge and motivation of potential appointees. Trustees are appointed by approval of the members. Organisational structure The Board of Trustees administers the Charity and meets on a regular basis. A Chief Executive Offi￿r is appointed by the Trustees to manage the day to day operations.

GROUNDWATER RELIEF TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, report was approved by the Board of Trustees. K Upton Trustee Jan 7, 2025

GROUNDWATER RELIEF INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GROUNDWATER RELIEF I report to the Trustees on my examination of the financial statements of Groundwater Relief (the Charity) for the year ended 31 March 2024. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charity's financial statemerrts carried out under section 145 of 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 examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or the financial statements do not accord ￿￿th those records- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Jason Milden FCCA Darnells Chartered Accountants 30 Fore Street Totnes Devon TQ9 5RP

GROUNDWATER RELIEF STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total Unrestricted funds 2023 2024 Notes Income from: Donations and appeals Charitable activities 2.763 190,495 35,311 38,074 190,495 39,980 302,354 Total income 193.258 35,311 228,569 342,334 Expenditure on: Raising funds Charitable activities 260.817 28.139 288,956 348.955 Total expenditure 260.911 28.139 289,050 348.955 Net 1ncomel(expenditu￿) (67,653) 7,172 160,481) {6,621) Other recognised gains and losses: Other losses 10 (2,645) (2,645) Net movement in funds (70,298) 7,172 (63,126) {6,621) Reconciliation of funds: Fund balances at 1 April 2023 104.938 104,938 111.559 Fund balances at 31 March 2024 34.640 7.172 41,812 104.938 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

GROUNDWATER RELIEF BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 11,709 13,300 Current assets Debtors Cash at bank and in hand 12 25,151 18,672 95,886 12,838 43.823 108,724 Creditors: amounts falling due within one year 13 (13.720) (17.086) Net current assets 30,103 91,638 Total assets less cur￿nt liabilities 41,812 104,938 The funds of the Charity Restricted income funds Unrestricted funds 15 16 7.172 34,640 104,938 41.812 104,938 The financial statements were approved by the Trustees on . 1011212024 K Upton Trustee

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Groundwater Relief is a charitable incorporated organisation (CIO) registered in England & Wdles. The registered Offi￿ is Room 19, Chimmels, Park Road, Dartington Hall, Totnes, TQ9 6EQ. 1.1 Accounting convention The financial statements have been prepared in accordance with the Statement of Recommended Practice= Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and wth the Charities Act 2011. The Charity is a Public Benefit Entity as defined by FRS102. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historic cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant note(s) to the accounts. The principal accounting policies adopted are set out below. 1.2 Going concem The financial statements have been prepared on a going concem basis. The Trustees have assessed the Charity s ability to continue as a going COn￿M and are confident that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concem basis of accounting in preparing these accounts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income, including income from investments, is included in the year in which the entitlement arises, when it is probable that the income will be received and vthen the monetary value can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, which is normally upon notification of the interest payable by the bank. 1.5 Expenditure Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on the accruals basis and includes irrecoverable VAT. Expenditure is allocated to categories either on a direct or a usage basis. Expenditure attributable to meeting the aims and objectives. including the support costs, is included in charitable activities. Governance costs comprise all costs involving the public accountability of the Charity and its com pliance with regulation and good practice. These costs indude the costs related to the independent examination and legal fees. 10-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) Overhead costs incurred wholly or mainly in support of expenditure on the objects of the Charity or other trading activities and being an integral part of the costs of carying out those activities, are separately analysed within Charitable Expenditure in the Statement of Financial Activities as appropriate. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Plant and machinery CompLrter equipment 250A net book value 250A net book value The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Cash and cash equivalents Cash at bank and in hand includes cash and short temi highly liquid investments with a maturity date of three months or less from the date of acquisition or opening of the deposit or similar account. 1.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Basic financial assets Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts offered. Basic financial liabilities Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 1.9 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donations and appeals Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts 2.763 35.311 38.074 39,980 39,980 11

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and appeals Icontinued) Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Big Christmas Give Big Green Give Peter Stebbing Memorial Trust Arden Wells Danish Refugee Council Bentley (Seequent Systems) other 3,845 10,754 3,845 10,754 5,000 132 4,473 5.000 132 4.473 11,107 11,107 2,763 2,763 39,980 39,980 2,763 35,311 38,074 39,980 39,980 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitable income Primary purpose trading 190,495 302,354 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Other fundraising costs 94 12-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Total 2024 Total 2023 Direct costs Staff costs Direct costs 149,374 85,223 139,051 161,691 234,597 300,742 Share of support and governance costs Isee note 6) Support costs Governan￿ costs 51,193 3,166 47.217 996 288,956 348.955 Analysis by fund Unrestricted funds Restricted funds 260,817 28,139 348,955 288,956 348,955 Support and governance costs allocated to activities Support costs 2024 2023 Depreciation Field expenses Pocket dipper expenses App development costs Rent and rates Insurance Telephone expenses Conference expenses Trade subscriptions Computer and promotion costs Bad debt expense Printing, postage and stationery Travel expenses Bank charges Recruitment costs and training 3,643 1,340 724 16,261 5,781 7,597 761 2,002 465 5.851 256 164 1.111 505 4,732 4,433 3,896 192 12,379 5,498 10,783 799 1,657 1,665 4.550 494 711 160 51,193 47,217 13-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support and governance costs allocated to activities Icontinued) 2024 2023 Governance costs Legal and professional Independent Examiner's Fee Sundry costs 300 2.728 138 996 3.166 996 Governan￿ costs include payments to the independent examiner for external scrLrtiny of the accounts for the year of £1,260. Trustees None of the Trustees (or any persons connected wth them) received any remuneration, reimbursed expenses or any other benefits from the Charity during the year (2023.. £nil). Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 133,567 7,807 8,000 128.792 5.519 4.740 149,374 139,051 There were no employees whose annual remuneration VRS more than £60,000. Remuneration of key management personnel 2024 2023 Aggregate compensation 36,484 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Other gains and losses Unrestricted Unrestricted funds funds 2024 2023 Gainslllossesl upon= Foreign exchange 2,645 11 Tangible fixed assets Plant and machinery Computer equipment Total Cost At 1 April 2023 Additions 44.178 324 5,641 1,728 49.819 2.052 At 31 March 2024 44,502 7,369 51,871 Depreciation and impainnent At 1 April 2023 Depreciation charged in the year 32,916 2,845 3,603 798 36,519 3,643 At 31 March 2024 35,761 4,401 40,162 Carrying amount At 31 March 2024 8,741 2,968 11,709 At 31 March 2023 11.262 2,038 13.300 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 18,279 6,872 95,886 25,151 95,886 15-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 3,713 6,719 970 2,318 2,113 14,973 13,720 17,086 14 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 8,000 4,740 The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. 15 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming sources Resources At 31 March expended 2024 Data collection Training Groundwater monitoring tool 31,334 132 3,845 (28,007) (132) 3,327 3,845 35,311 (28,139) 7,172 Data collection - funds received for data collection to infomi of groundwater drought. Training - funding received for training. Groundwater monitoring tool - funding to develop a tool to upload and calibrate automated logger data with manual data collected by our phone app. 16-

GROUNDWATER RELIEF NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Gains and At 31 March losses 2024 General funds 104,938 193.258 (260,911) (2,645) 34,640 Previous year: At 1 April 2022 Incoming resources Resources expended Gains and At 31 March losses 2023 General funds 111,559 342,334 {348,955) 104,938 17 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 11.709 22.931 11,709 30,103 7,172 34.640 7,172 41,812 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl{liabilities) 13.300 91.638 13.300 91.638 104.938 104.938 18 Related party transactions Andy Bastble, Trustee, was an employee of Oxfam during the year. Whilst Groundwater Relief provided services to Oxfam of £43,894, Andy Bastable had no Connection with the work. There were no other disclosable related party transactions during the year (2023 - none). 17-

Darnells - Final Accounts for Groundwater Relief Final Audit Report 2025-01-07 Created.. 2025-01-07 By.. Megan Newton-whrte [e-mail] Status.. Signed Transaction ID.. CBJCHBCAABMWBk6510xPcTbvx3 IHakPlpXRIL tsub "Darnells - Final Accounts for Groundwater Relief, History Documenl created by Megan Newton-white ([e-mail]) 2025-01-07-4.'34.'14 PM GMT Document emailed to [e-mail] for signature 202M1-07-4'.35'.23 PM GMT Email viewed by [e-mail] 202M1-07 - 6.'04.'00 PM GMT Signer [e-mail] entered name at signing as Kirsty Upton 202M14)7- 6'.12'.58 PM GMT o Document e-signed by Kirsty Upton ([e-mail]) Signature Dale: 2025-01-07- 6..13:00 PM GMT- Time Swr(t.' server Agreement completed. 202&01-07- 6..13..00 Phl GMT