**Charity registration number 1194166**
**Company registration number 13060874 (England and Wales)**
## **XYLEM GLOBAL**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **XYLEM GLOBAL**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J H L Pigott|
|---|---|
||N Tellwright|
||M J Pearcy|
|**Charity number**|1194166|
|**Company number**|13060874|
|**Registered office**|3 Bentsbrook Park|
||North Holmwood|
||Dorking|
||Surrey|
||United Kingdom|
||RH5 4JL|
|**Accountants**|David Howard|
||1 Park Road|
||Hampton Wick|
||Kingston Upon Thames|
||KT1 4AS|
**XYLEM GLOBAL**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Accountants' report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 12|
## **XYLEM GLOBAL**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The Trustees present their annual report and financial statements for the Year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 01 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 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**
The Objects of the Charity have not changed from those listed in the Articles and Memorandum of Association and in summary they are to conserve, protect and improve the physical and natural environment including but not limited to the preservation of forests, ecology, and marine environments, and to advance the education of the public in these matters, through the provision of grants.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, and they are collectively aware of this guidance in ensuring that all their actions are for the public benefit.
## **Achievements and performance**
We are pleased to announce that our first grant was made this year mainly from income derived from our permanent capital. £1,000 was paid to Trees for Life and went towards their Affric Highlands project to rewild the Scottish Highlands. This was a larger grant than we initially envisaged and are encouraged to see things turning out better than expected.
## **Financial review**
For the period ended 31 December 2022 the charity had income of £21,874 and expenditure of £2,830 leaving a surplus of £19,044.
The total balance of the funds at the period end was £47,854.
The trustees are confident that in following their plans the charity will remain a going concern for the next 12 months.
It is the policy of the charity to build and maintain a cash level equivalent to between three- and six-month’s expenditure. This is to be funded from part of the income generated from the permanent capital.
## **Structure, governance and management**
The charity is a company limited by guarantee and is governed by the Memorandum and Articles of Association posted by the charities Commission and at Companies House and were incorporated on 3 December 2020. There have been many meetings of the board since formation. The meetings are minuted.
The board has remained the same since inception.
J H L Pigott N Tellwright M J Pearcy
- 1 -
XYLEM GLOBAL
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees appointed on fomjalion of the charitsble company are familiar with the practical work of the
organisation. Should any new trustees join the entity, recruitment will be based on experience and training
undertaken accordingly.
ststement of Trnstees respoDsibilities
The Trustees, who are also the directors of Xylem Global for the purpose of company law. are responsible for
preparing the Trustees Report ]d the fiiiaJ)cial 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 ea¢h financial year which give a true
and fair view of the state of affairs of the Charity and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that Year.
In preparing these fiThancial statements, the Trustees are required to..
select suitable accounting policies and then apply them ¢onsistently'
observe the methods and principles in the Charities SORP;
make judgem¢nts and estimates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at Étny time the financial position of the Charity arkd enable thein to ensure tliat the financial statements
Coniply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and
hen¢e for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees report was approved by th¢ Board of Trustees.
JHLPigo
Trnstee
Date..
## **XYLEM GLOBAL**
## **CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF XYLEM GLOBAL FOR THE YEAR ENDED 31 DECEMBER 2022**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Xylem Global for the Year ended 31 December 2022, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated .......................... Our work has been undertaken solely to prepare for your approval the financial statements of Xylem Global and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Xylem Global and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that Xylem Global has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Xylem Global. You consider that Xylem Global is exempt from the statutory audit requirement for the Year, and is not required to obtain an independent examiner's report.}
We have not been instructed to carry out an audit or a review of the financial statements of Xylem Global. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
## 25/09/2023
**David Howard**
.........................
**Chartered Accountants**
1 Park Road Hampton Wick Kingston Upon Thames KT1 4AS
- 3 -
## **XYLEM GLOBAL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|||**UnrestrictedUnrestricted**|**UnrestrictedUnrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2022**|**2021**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|20,097|35,904|
|Investments|**4**|1,776|-|
|**Total income**||21,873|35,904|
|**Expenditure on:**||||
|Charitable activities|**5**|2,829|7,094|
|**Net income for the Year/**||||
|**Net movement in funds**||19,044|28,810|
|Fund balances at 1 January 2022||28,810|-|
|**Fund balances at 31 December 2022**||47,854|28,810|
The statement of financial activities includes all gains and losses recognised in the Year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **XYLEM GLOBAL**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2022**_
|**Notes**
**Fixed assets**
Investments
**10**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current (liabilities)/assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2022**
**£**
3
(1,200)|**£**
49,051
(1,197)
47,854
47,854
47,854|**2021**
**£**
30,010
(1,200)|**£**
-
28,810|
|---|---|---|---|---|
|||||28,810|
|||||28,810|
|||||28,810|
- 5 -
XYLEM GLOBAL
BALANCE SHEET {CONTINU£D)
ASA T31 DECEMBER 21122
The company i5 entitled to the exempti(In from the audii requirement contained in 5e¢tion 477 of the
Companies Act 2006, for tile Year ended 31 December 2022.
The directors acknowledge their responsibilities for cotnplying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation orrinancial ststement&
The members l)ave not required the company to obtsin an audit of its financial statements lor the Year in
qu¢stioD in lerdance with section 476.
These fInancial stateJnent5 have been prepared in accordance with the provisions applicable to companies
subJt to the small companie5 regime.
The financial statements were approved by the Trustees on .
JHLPigo
Trustse
M J PeaTGy
Trustev '
Compstty reglstration Hllmber 13060874
## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS**
_**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Xylem Global is a private company limited by guarantee incorporated in England and Wales and has no share capital. In the event of the charitable company being would up, the liability in respect of the guarantee is limited to up to £10 per member. The registered office is 3 Bentsbrook Park, North Holmwood, Dorking, Surrey, RH5 4JL, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
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 historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **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 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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
- 7 -
## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Donations and gifts|20,097|35,904|
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## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**4**
**Investments**
**Unrestricted**
**funds**
**2022**
**£**
Income from listed investments
1,764
Interest receivable
12
1,776
**5**
**Charitable activities**
**2022**
**£**
Grant funding of activities (see note 6)
1,000
Share of support costs (see note 7)
1,829
Share of governance costs (see note 7)
-
2,829
**6**
**Grants payable**
**2022**
**£**
Grants to institutions (1 grants):
Other
1,000
-|Total
2021
£
-
-|
|---|---|
||-|
||**2021**
**£**
-
5,894
1,200|
||7,094|
||£
-|
|||
- 10 -
## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **7 Support costs**
|**Support costs**|||
|---|---|---|
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Legal fees
1,681
-
Bank charges
148
-
Independent
examination fee
-
-
1,829
-
Analysed between
Charitable activities
1,829
-|**2022**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
1,681
5,894
-
148
-
-
-
-
1,200
1,829
5,894
1,200
1,829
5,894
1,200|**2021**
**£**
5,894
-
1,200|
|||7,094|
|||7,094|
Governance costs includes payments to the auditors of £0.00 (2021- £1,200) for independent examination fees fees.
## **8 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the Year.
## **9 Employees**
The average monthly number of employees during the Year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **10 Fixed asset investments**
- 11 -
## **XYLEM GLOBAL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**10**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2022
Additions
At 31 December 2022
**Carrying amount**
At 31 December 2022
At 31 December 2021
**11**
**Financial instruments**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**12**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**(Continued)**
**Listed**
**investments**
**£**
-
29,953
29,953
29,953
-
**2022**
**2021**
**£**
**£**
29,953
-
**2022**
**2021**
**£**
**£**
1,200
1,200|
|---|---|
## **13 Related party transactions**
Donations totalling £20,000 were made by either one trustee or companies connected to one trustee in the period. Pigotts Investments Limited of which trustee, J Pigott, is company director, donated £20,000. Donations made were deemed to be unrestricted. No balances with related parties at the period end.
- 12 -