2025-08-31-accounts

WATERBERRY COMMUNITY PROJECTS LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Company No: 11511580 (England and Wales)

Charity No: 1186151

WATERBERRY COMMUNITY PROJECTS LTD

	CONTENTS
		Page
Legal and Administrative Information		1
Trustees’ and Directors’ Report		2 - 7
Independent Examiners Report		8
Statement of Financial Activities (Including		9
Income and Expenditure Account)
Balance Sheet		10
Notes to the Financial Statements		11 - 13

WATERBERRY COMMUNITY PROJECTS LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Constitution

Waterberry Community Projects Ltd is a company limited by guarantee registered in England & Wales and a registered charity governed by its Memorandum and Articles of Association. The charity number is 1186151. The company number is 11511580.

Directors and Trustees

The board of the charitable company (‘the charity’) is its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees. The Trustees are elected by the members of the charitable company attending the Annual General meeting and they all serve three-year terms that can be renewed.

The directors/trustees serving during the year and since the year end are as follows:

Directors / Trustees

Mrs T Prior Thompson (Chair)

Mr R Thompson Ms P M Nugent Ms M A I Payne

Registered Office

Reporting Accountants

Chandos Lodge Lambseth Street Eye Suffolk IP23 7AQ

Taylor Viney & Marlow Limited Chartered Accountants 46-54 High Street Ingatestone Essex CM4 9DW

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WATERBERRY COMMUNITY PROJECTS LTD

TRUSTEES’ REPORT

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31[st] August 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Companies Act 2006, the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS 102.

Object of the Charity

The Charity’s object and its principal activity is: -

Educational support services

Working Name

Waterberry Community Projects

Organisational Structure

The Charity is UK based with its office in Eye, Suffolk.

The Charity’s governing body is the Board of Trustees, which comprises at least two and not more than ten individuals, all of whom must be members. The Trustees meet/discuss to manage its affairs, to oversee the work of the Charity, to consider future projects and are involved in strategic decisions for the organisation.

Investment Powers

Under the Memorandum and Articles of Association, the Charity has powers, which may be exercised only in promoting the Objects of the Charity.

Public benefit

The Charities Act 2011 requires all charities to meet the legal requirement that its aims are for the public benefit. The Charities Commission in its Charities and Public Benefit guidance states that there are two key principles to be met in order to show that an organisation's aims are for the public benefit: firstly, there must be an identifiable benefit or benefits and secondly, that the benefit must be to the public or a section of the public. The Trustees consider that they have complied with section 17 of the Charities Act 2011 and the guidance issued by the Charity Commissioners in respect of Public Benefit.

Risk Management

The Trustees have carried out a detailed review of the Charity’s activities highlighting the risks the Charity is exposed to and the steps taken to mitigate those risks. As part of this process the Trustees have reviewed the financial procedures in order to ensure that they still meet the needs of the Charity.

Objectives and Activities

The objective of Waterberry Community Projects Ltd (WCPL) is to advance education within the economically and educationally deprived rural communities of Sekute and Mandia Wards, Kazungula District, Southern Province, Zambia (where there is less than 5% employment, subsistence living is the norm, and schools are often too far or too difficult for children to reach, or are educationally substandard). WCPL provides funding to Tukongote Community Projects Ltd (TCPL) in order for that company to carry out the charitable work on behalf of WCPL.

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WATERBERRY COMMUNITY PROJECTS LTD

Objectives and Activities (cont.)

The activities supported to achieve this objective include:

• Building and operating community schools (pre and primary) for children ages 3 to 14,

• Providing teachers and educational materials to those schools,

• Operating a library for the benefit of the entire community no matter what age,

• Running adult educational and skills programmes for the benefit of the entire community no matter what age,

• Funding teacher training courses for the improvement of local teachers,

• Raising donations to help fund the secondary education of academically able pupils ages 15 to 19,

• Running an educational programme to help girls avoid missing education during their menstrual cycle,

• Running a community farm both for teaching purposes and to provide food for the school kitchen,

• Funding and supporting football and netball teams for the local community to promote sporting activities

• Working with Tukongote Community Projects to manage all these activities on site in Zambia.

Vision and Mission

Our initial vision was simply to ensure that children in our catchment community had access to a basic education, to ensure that they would not miss out on the increased opportunities available through literacy, numeracy, and computer skills.

Seventeen years later, that mission has expanded to extend beyond basic education to developing opportunities for pupils that will inevitably be based on ability, plus offering skills training to pupils who will not be likely to qualify for further education, either because of their academic ability or personal circumstances. At the time of writing (May 2026) the Grade 7 class reported on last year has successfully sat their final exams at Tukongote. Of the 25 pupils sitting the exam 80% passed. We have introduced a bursary scheme to assist parents cover the cost of fees and educational materials. In some cases, children identified as having significant academic potential (possibly to university level) by the District Education Board (DEBS) have been offered high school places at more remote schools. In these cases, we have supported travel to and from the selected schools. The three children who did not pass Grade 7 in 2024 re-sat the year but were not successful. They have been offered additional opportunities in the skills centre to help them prepare for employment locally (for instance, one of the pupils is already a skilled and enthusiastic trainee housekeeper).

At the time of writing (May 2026) result details are still being collated – they will be detailed in the full Charity Commission report in June 2026.

We encourage girls to attend school, not to drop out in the early stages, and to understand their own potential should they remain within the education system.

Developments, Activities and Achievements this Year

Tukongote in numbers as at June 2026

Tukongote in numbers as at June 2026
	GIRLS	BOYS	TOTAL
Pre-school Children attending Tukongote, Big Tree, Liyemo	102	63	165
Primary School Children attending Tukongote	83	87	170
Children at High School following Grade 7 passes '24 and '25	16	26	42
Adults attending adult classes in skill centre	25	32	57
Tukongote Teachers	15	13	28
Other Tukongote school staff		3	3
Tukongote Kitchen staff and cooks	3		3
Community Farm - Number of allotments			50
Allotments allocated to lessons and school canteen			32
Allotments allocated to community members			18
No staff employed full/part time on farming projects	1	8	9

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WATERBERRY COMMUNITY PROJECTS LTD

• Tukongote progress and development is linked to Waterberry Lodge, the main sponsor, and the source of visitors/potential donors. Guest numbers at Waterberry again increased in 2025. International attitudes towards tourism continue to shift towards responsibility and sustainability – covering issues including community benefit, responsible sourcing, environmental responsibility. European Commission work will require sustainability claims to be substantiated to ensure a reduction in ‘greenwashing’. Waterberry Lodge is currently undergoing a sustainability certification audit in order to register with one of the internationally recognised grading organisations for travel and tourism. We will report on the outcome during the year and in next year’s accounts.

• Heartfelt thanks for yet another year to our generous individual donors, who raise funds through monthly donations, individual sums, and fundraising initiatives. Thanks too to the Texel Foundation, Trustee Rob Thompson, and the estate of Sarah Prior. Our positive financial position meant we were able to proceed with development projects at Tukongote, concentrating on health and welfare of the school children.

• At the time of writing the prevailing exchange rate of the Zambian Kwacha to the US Dollar has been an unexpected challenge to the projects, reducing income by up to 30%. This is a nationwide issue, but fortunately it has not impacted on the day to day running of the school, simply delayed implementation of more ambitious projects.

Income

Income for the year ended August 2024 was boosted by generous bequests. Income for the year ended August 2025 has returned to ‘normal’ previous levels but showing a slight decline due to the prevailing economic situation in the UK, causing some donors to withdraw support, hopefully only in the short term.

Schools

• Tukongote For the year ending 31[st] August 2025 ran three preschool classes and seven primary school classes (250 pupils).

• Big Tree and Liyemo For ease of administration we provided monthly funding direct to the school committee to allocate as necessary. The more than 100 children from these preschools will eventually attend their local primary schools at Mandia and Siandunda

• Reported performance and analysis of all grades to the Department of Education (DEBS) for their recommendations. As we continue to be a school performing above standard no recommendations for change were made.

• Followed DEBS guidelines in identifying and assisting children with special needs. Children with special needs were (and are) monitored by DEBS. All have been fully integrated into the school system.

• Maintained 43 teaching and admin staff on full contracts (covering school, school admin and farm workers), including PAYE (where relevant), health insurance, NAPSA, leave pay and gratuity.

• Continue to fund long-term, interest-free, slow-pay loans to staff to pay for solar systems which we installed into their homes (to help avoid the problems of frequent load shedding in and around Livingstone). Installation is complete and totals 82 systems at a cost of $130,000. 50% of half of the loans has been paid back into the school funds. Repayment has been slowed down by the difficult economy, we have granted repayment breaks to those who need them.

• Increased teacher salaries by 10% in 2026

• Paid registration and membership fees for teachers’ professional bodies, e.g., Teaching Council of Zambia.

• Continued to supplement staff with a monthly mealie allowance.

• Continued training the Tukongote Cultural Group as part of the school curriculum to ensure the children grow up familiar with songs, dances, and instruments). The Cultural Group plays at national celebration events like International Women’s Day. Funds are raised for costumes and instruments by playing small concerts for guest celebrations at Waterberry.

• Introduced formal (and well-attended) six month domestic science classes to young adults in the community, to meet the objective to skill young people towards a better chance of being employed should they seek

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WATERBERRY COMMUNITY PROJECTS LTD

• interviews at trainee entry level in hospitality and local industry (for example, a young person able to lay table and understand basic cookery is more likely to be employed in the growing hospitality industry than one with not even a basic skill). All ad hoc cookery courses, carpentry and bicycle and repair courses are well attended.

• We provided daily meals for 320 children and all community staff members in the school canteens (originally maintenance staff were covered too, but they have preferred to receive a food allowance).

• Organised continued staff wellness checks through PPAZ (Planned Parenthood Association of Zambia) and paid extra treatment where necessary.

• Organised dental checks for all children and teaching staff. These important checks revealed an important lack of awareness of dental care. A daily brushing schedule has been introduced into the school day.

• Organised eye checks for the entire school. During this first check a child with a potential sight-threatening condition was identified – Tukongote was able to transport the girl and her mother to the eye clinic at Zimba for treatment which will be continuously monitored.

• These two health checks – dental and eye – will form part of the Tukongote programme. The objective is to extend these checks to the community when the economic situation allows.

• Continued the free shuttle service for staff needing medical attention.

Siandunda Community School

• Siandunda Community School was built by Comic Relief after their 2013 ‘Education on the Zambezi’ fundraiser. Siandunda is not a thriving school. Our position is to continue year by year to put on record that Comic Relief was unwise to fund a school building without confirming local means to pay for equipment and staff, and without securing guaranteed correct use of the extensive funds they provided for the school construction (some of which became ‘unavailable’ and which had to be replaced by Waterberry Community Projects, with funds we could ill afford, to avoid creating an unequal situation in the local community, and for which Comic Relief did not refund us). Government supplies and pays the head teacher and his teacher wife only. Other teachers need to be paid out of school fees, which parents in this extremely poor community cannot afford and generally do not pay.

• By 4 years to 31[st] August 2024, we had given $27,500 plus for Siandunda teacher salaries, teaching materials and mealie allowance, building and infrastructure repairs and alterations. We continue to fund a mealie allowance for the Siandunda teaching staff. For administrative ease, this is paid directly to the school committee.

• Continued to offer all Siandunda teachers use of the Tukongote internet, electricity for charging, printing for teaching materials and examination papers, use of the library. Siandunda teachers were automatically included in our staff training and wellness days. All Siandunda pupils had access to our Study Centre to help them catch up with the curriculum

Financial Wellbeing

The rural community has been challenged by the proliferation of fraudulent money-making schemes. A combination of experienced fraudsters, widespread use of online money and peer pressure through social media caused real hardship in the community, some people losing monthly pay, and some all their savings. There is no safety net or compensation available. This, plus increased cost of living caused many staff to be caught in MicroLoan traps with very high interest. We have helped with nearly $10,000 of repayments made to lenders and will recover the amount very slowly through interest free salary deductions.

The exchange rate has had a serious impact by giving us 30% less income in ZMW (Zambian kwacha). We have cut down expenditure where possible but have been able to increase teacher pay by 10% which was both necessary and well deserved.

Supported by the Zambian banks we are running financial literacy programmes for the staff and community, along with one to one counselling, with the objective of reducing similar hardship in the future.

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WATERBERRY COMMUNITY PROJECTS LTD

Agricultural Project

• Continued lessons in animal husbandry which also provide much needed nutrition (especially protein) in the children’s daily diet.

• In addition to the teaching plots allocated to each class, 55 community participants grew additional food for their families and for sale to raise income. Total allotments remain at 50.

• Some produce was sold to Waterberry where it helped create awareness of the school and community projects.

• We continue to farm the fishpond and the pig sty which provide an additional protein source for the young children’s diet.

• As at May 2026 the chicken run is empty and will be restocked after a fallow period to minimise disease.

• The fish, pig and chicken projects enhance our ability to teach humane and efficient animal husbandry.

Community

Adult teaching facilities (literacy) are again available on demand. Starlink is now available in the school compound but yhe economic situation has not allowed us to install our internet café as at May 2026. We hope to do this as soon as during the second half of 2026 using some donated second hand equipment to provide the promised adult computer access and training.

We ran two football teams in the community (football strip and footwear, transport to football matches, sports equipment, coaching expenses) – The Tamanga Boys men’s team and Girl Power women’s team. Both teams play in the local leagues – we also ran two workshop long-weekend courses to train the girls’ team; this has been extremely successful in the community.

At the end of the 2024/5 season Tamanga Boys were promoted from Div 4 to Div 3. At the endo the 2025/6 season they have won the 3[rd] Division and will be promoted to Division 2. This has been an amazing and motivating success locally. Team players come from Waterberry Lodge, two local employers and from the farming community. The team was funded by Trustee Rob Thompson and is a prime example of community in action.

Girl Power also performed extremely well, finishing the year in 4[th] position. An active netball programme is encouraging community, especially young mothers, to enjoy sporting activities.

Volunteers

The 2025 volunteer project was extremely successful. However, given the economic situation there will be no volunteer programmes during the 2026/7 season

External Communications

Awareness building is via guests who visit Waterberry and take the time to visit the community projects, plus promotion from a number of tour operators who recognise responsible tourism and ‘giving back’ to be a fundamental of travel. Guests sign up to receive the regular newsletter by email. WCPL funded the design and launch of a website (www.tukongote.com), and is present on Facebook and Instagram (the latter as Tukongote Community Projects which is the organisation name chosen by the village).

Partnerships

WCPL is in partnership with Tukongote Community Projects Limited, a company with charitable status registered in Zambia in order to operate the project locally and to comply with both Zambian corporate legislation and the Zambia Department of Education. Tukongote Community Projects Limited is a non-profit NGO with tax-exemption status in Zambia.

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WATERBERRY COMMUNITY PROJECTS LTD

Safeguarding

Safeguarding is a priority for WCPL. Volunteers to the project must present a DBS check from the UK authorities. Tukongote Community Projects Limited has a Child Protection Policy that all staff must read and sign (copy available from WCPL).

Fundraising

The majority of fundraising is generated on site at Waterberry Lodge in Zambia where guests frequently sign up to receive the regular newsletter and donate either as a one-off payment, or through regular monthly or occasional donations. Some of these donations are for general administrative structure of the school project, others are specifically dedicated to, for instance, fees and subsistence for pupils attending Kazungula Secondary School, the menstrual pads project, or one-off projects such as the installation of internet, electricity, borehole excavation/the provision of water, supplies for the community farming project.

We remain so thankful to donors who continue to support us through all these uncertain times. After recovering from the pandemic, we could not have anticipated either the dramatic swing in the local exchange rate or the Gulf War which have both affected our financial position

Just as in 2025 we are fully aware of the continuing significant financial and social pressures internationally, and appreciate that our donors have many other priorities but have also understood that without funding our important projects cannot continue.

Banking

The charity has experienced occasional fraudulent attempts to set up unauthorised Direct Debits. This is a perennial problem for charities. The trustees monitor bank activity regularly and ensure any irregular transactions are promptly reported to the bank. Once reported the Direct Debit payments are withdrawn and refunded by the bank. In the notes to the financial statements an amount of £1,034 is shown as ‘other debtors’. This is in fact the result of an unauthorised Direct Debit withdrawal. This particular sum was unnoticed until it was too late to reclaim from the bank. It has been refunded by Trustee Rob Thompson. Controls have been strengthened to minimise recurrence.

Reserves Policy

In line with the recommendations of the Charity Commission, the Trustees have formally adopted a reserves policy. This recognises that while the income of the Company arises evenly neither year on year, nor throughout the year, the Administrative Expenses of the Company are very modest. The Trustees therefore ensure that at any given time there is sufficient surplus to cover the expected Administrative Expenses for a period of at least three months; any additional surplus is used to further the Company’s charitable objectives as described above.

Based on the 2025 accounts, annual income totalled £124,467 (2024: £243,559) and annual expenditure totalled £216,217 (2024: £141,194) with overall surplus reserves at 31 August 2025 of £11,559 (2024: £103,309).

Risk Management

The major risks to which the Company is exposed, as identified by the Trustees, are and will continue to be regularly reviewed, and systems have been and will be established, and where appropriate, professional advisors have been or will be appointed to mitigate those risks.

Trustees’ Responsibilities in Relation to the Financial Statements

The trustees (who are also directors of Waterberry Community projects Ltd for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources,

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WATERBERRY COMMUNITY PROJECTS LTD

INDEPENDENT EXAMINERS REPORT ON THE UNAUDITED ACCOUNTS TO THE TRUSTEES OF WATERBERRY COMMUNITY PROJECTS LTD

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2025 which are set out on pages 9 to 13.

Responsibilities and Basis of Report

As the charity trustees of the company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’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

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

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

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

3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Neil A. Chambers Date Institute of Chartered Accountants in England and Wales Taylor, Viney & Marlow Limited Chartered Accountants 46-54 High Street Ingatestone Essex CM4 9DW

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WATERBERRY COMMUNITY PROJECTS LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

		2025	2025	2025	2024	2024	2024
Notes		Designated	Unrestricted	Total	Designated	Unrestricted	Total
Incoming resources
Donations	3	-	122,861	122,861	-	242,982	242,982
Interest		-	1,606	1,606	-	577	577
		__	__	_	__	__	_
Total incoming resources		-	124,467	124,467	-	243,559	243,559
		========	========	=======	========	=======	=======
Resources expended
Charitable expenditure
Donations to Zambia		-	213,050	213,050	-	138,050	138,050
Accountancy		-	2,759	2,759	-	2,580	2,580
Bank Charges	4	-	408	408	-	534	534
Insurance		-	-	-	-	30	30
		_	__	__	__	__	_
Total resources expended		-	216,217	216,217	-	141,194	141,194
		=======	=======	=======	========	=======	=======
Funds brought forward		-	103,309	103,309	-	944	944
Net movement in funds		-	(91,750)	(91,750)	-	102,365	102,365
Transfer between funds		-	-	-	-	-	-
		_	__	__	__	__	_
Total funds carried forward	6	-	11,559	11,559	-	103,309	103,309
		=======	=======	=======	=======	=======	======

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

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	BA	LANCESHEETAS	AT31AUGUST2	025
	Notes	et	2025	t	2024 t
Current Assets
Cash and bank		10,525		103,309
			10,525		103,309
Debtors
Amounts falling
duewithinoneyear	5	1,034
			034 1
Netcurrent assets			11,559		103,309
Netassets			11,559		103,309
Charity Funds
Unrestricted funds	6		11,559		103,309
Designatedfunds	6
Membersfunds	6		11,559		103,309

WATERBERRY COMMUNITY PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. Accounting Policies

1.1 General information and basis of preparation

Waterberry Community Projects Ltd is a charitable company incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are set out in the Trustees’ Report on page 2.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019 , the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Income

Income is recognised when the charity becomes entitled to the funds, receipt is probable, and the amount can be measured reliably, in accordance with the principles set out in paragraphs 2.29–2.32 of the Charities SORP (FRS 102).

• a) Income is recognised in the year to which it relates. Income is deferred only when the Trust has to fulfil conditions before becoming entitled to it or when the donor has specified that the income is to be expended in a future period

• b) Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities when receivable. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

1.3 Fundraising costs

Fundraising expenditure comprises costs incurred in the staging of general fundraising events.

1.4 Costs of managing and administering the Charity

Administration expenditure includes all expenditure not directly related to the charitable activity of fundraising ventures.

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WATERBERRY COMMUNITY PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1.5 Funds accounting

Funds held by the Trust are:

Unrestricted general funds – these are funds that can be used in accordance with the charitable objects at the discretion of the Trustees.

Designated funds – the Trustees may at their discretion, set aside unrestricted funds for specific purposes.

Refer to note 6.

2.	Surplus for the year	2025	2024
		£	£
	Surplus/(deficit) for the year is stated after charging:	(91,750)	102,365
	Depreciation of tangible assets	-	-
		======	======
3.	Donations, legacies, and similar incoming resources
	Donations from individuals and trusts	122,861	242,982
		======	======
4.	Charitable expenditure
	Donations to Zambia	213,050	138,050
	Accountancy	2,759	2,580
	Bank Charges	409	534
	Insurance costs	-	30
		_	_
		216,217	141,194
		======	=======
5.	Debtors: amounts falling due
	within one year
	Other debtors	1,034	-
		______	______
		1,034	-
		======	======

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WATERBERRY COMMUNITY PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

6. Funds

Funds
	Unrestricted	Designated	Total
	Funds	Funds	Funds
	£	£	£
Brought forward at
1 September 2024	103,309	-	103,309
Surplus for the year	(91,750)	-	(91,750)
Transfer between funds	-	-	-
	_	_	_
Total funds at 31 August 2025	11,559	-	11,559
	_	_	_

7. Liability of Members

The liabilities of members are limited. The Company is limited by guarantee without any share capital. Every member will pay, if the Company is dissolved while he or she remains a member or within 12 months afterwards, up to the sum of £10 towards the costs of dissolution and liabilities incurred by the Company while he or she was a member.

8. Employees

The average number of employees during the year was as follows: -

	2025	2024
Administration	1	1
	====	====

No trustees received any remuneration in the year.

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