Charity r¢gistr2tiTrn number 1194166 Co￿paThY registration number 13060874 {En￿alld And WBles) XYLLM GLOBAL ANNLAL RF.PORT Af*l) UNAUDII'Tr:D VINANLIAL triTATEMENTS VOH'I'HD. YEAR Ef4DED 31 DECE_MBER 2024 XYLF.M C:LOBAL LFC.ALLND ADMJNISTRATIVE INFORMATION Trllstee8 JHLPigott N TcllThTight M J Pearcy Charity 1194166 Ctsmpany Dumber 13060874 RL¥i51ered office 3 Bentsbrook Park North I lolmwood Dorking Surre> United Kingdom IU15 4JL Independent examiner David Howard I Park Road Hampton Wick Kin¥stnn Ilpon Thames KTI 4AS XYl,F.M C.l.nBAL CON[E￿￿s Pthge 'rru%tees retK)rt Independent examinevs report Slalement of financial &clivilies Balanc¢ sheet Notes to the tinan¢ial statements 7-12 XYLEM GLOBAL TRU￿rEEs REPORT (INCLUDING DIRFCTORS, REPORT) FOR THE YE4R ENnFn.11 DECE,VBER 2024 The Trnstces present their annual rcw>rt al￿ fintincial statements fcir ihe year ended 31 t)e¢ember 2024. The finaiicial slatements hav¢ bttn prepared in accordance with) ihe accounting poliuies set out ill note 01 to the fit]ancial 5tateTnents and comply vrith the Charity s goTrknrning document, the Lompani¢s ALI 2006 and "ALLI)Liiiling ￿)d RcpKprtit)g by Charities.. Statcnicnt OF Rec(>niniended Pr￿tICe applicable to charities preparing their aLcoiints in accordance with the Finallcial Reporting Standard applicable in th¢ UK Republic of Irel&id (FRS 10?) (rff￿llve l January 2019). bjeLlives and activities The Objects of the Charity hflve not ch&Dged from those listed An the Article5 and Memorandum of Associatioii and in summjry thev ar¢ its cons'erye, protect and improve Lhe ph},%. ityal and natt]ral environrneni including bul not limitLd to the prcseTration of foresL8. eci)logy. and marinc ellvironn)ents, and i(Tr advance the ¢ducalion of the public in these matters, [hrou￿ thc Pro￿.1$1(￿n thf grants. The trust¢¢6 have paid due rewd ILI guidance i5sucd bv the r.harity' c.ommiision in decidinE itht actil'ities ie charity should undertake. and thev are colleLrively alvare ol this guidance in cnsuring ihaL all their actions aTe for the public benefil. Achievements and perlorniJD¢e Although the stock Tnai.ket ¢oniinued to be tough, therL ￿&S some relief as diiCOUtLts c105ed on many of our In￿¥&1Men1s, in adijilioii lo Ilie Inarkel moNiiig up. Thc iiicome str¢ain from our p¢rrndnenl capilal continued unabated mcant wc had £4,1)(Tro for distributiun this yedr. We deLided OTh Iwo charilies, witl) £2,000 goillg lo eacli. The charities were The Woodland Trnst, and Future Trtts I'rust (Uak Project). We alsts rebeived & h¢Mlihy contribution this year arld are Fiell the way to having £IOO.OOU p¢rmanenf ¢apitnl. rinaneial rcvicw Foi. thc year ciided 31 Decellther 2024 the charitv had incoffle of £25,977 alld expellditur¢ of £li,368 a surplus. vf£14,293. The total balance of the funds al Ihe year end wa& £81,447. The trnstccs arc confid¢nt that in foll0Th￿ their plat￿ the chtirity will rcjnain a going eollc¢rn for the ￿xt 12 months. 11 T5 the policy of the charity to build and mainraiii a cash level equiv￿CnI to betH'een three- and six-nionth, expcnditure. This is to bc funded from part of the income generated from the pemianent capitol. Structure? governall¢e m*nagemellt Thc charity is a ¢OlYbPciny limiied by gUar￿le¢ and is governed b) Ihe Nlemuranduiii and Artivles or A￿￿oLl&ll1￿￿ posted hi. the charitie.s ('omTni%sion 8nd &t C.ntnpanies I louse 8nd were incorporated 3 t)e¢emb¢r 2020. Thci'c havc bccn many mc¢tiii@s of th¢ board sincc foi'malion. The meeiii)gs aic minutcd. bourd hd% remained i[￿.%ame lince inception. JHLPigott N Tclli¥risht M J PedrLy XYLEM GLOBAL TRL'STEEI S RKPORT IINCLUDING DIRF,rroiLS' RFPQRT} (CONTLYUED) FOR THF YLAR ENDED 31 DECEMBER 2024 TnL8l¢es appointed on forniation of thc charilable c￿m￿rtY are familiar with the practi￿1 work of the orgaiiisation. Should any iieiv tl'LL%tee5 juin the enlity, rccruitsn¢nt ii'ill bc b8scd on cX￿'r1e￿ce &nd trlliiiiTJ undertaken 8ccordingL!. Statement ofTrustees reswpn$lbilltiL$ The Tnistccs, Ivho (Lie al%() the directors ot Xyl¢in Olobal for Ilie pu￿0￿￿ ufLump&tJy law, are responsible for prepaTlllg the Trustecs Rcp￿r[ and th¢ finaNci&il sl(itemenlb iii accordancc with appliGabl¢ law and United Kingdom Accounting st.andard% (ITniLed Kin£doin Geiicrally A¢￿pt¢d A¢¢(Iiiiiting Pr￿lIce). Company LaTh rcquircs thc Thi%tees In prepare financial statcmeiils for cft¢h fintiiitiial Ye￿ whiLh ¥ivv a Irue and fair viewr of ihe %iate of &ffairg of the Ch¢irtty and o( the illLomino resourccs alld appRication of resources: inrluding ihe income alld cxpa)dituie, vf the chariiable coJnpanJ for that year. En preparing financial statements, thc Tffust￿ are required Lil.. select suitable awounting policies and then Apply them consi8lenilJy - ob5erYe the methods ￿)d principles in th¢ Charitie5 SORP- - judgen)enL8 and estimates that reasonable and prudent. stale wheiher wTrplTeable UK Accounting Standards havc bccn follow¢(L subject lo any material (kpartur¢s di.%LlI)sed and explait)¢d in the filldncial statements. and prepare the tinaticial statanenls on the going con¢¢rn ba)i4 unles's it is inappropriate tri piY.surne th&ll tlie Charity ii'ill Lontinue iii operalio The Trustees arc rc5pon%ible r(Trr keeping adequate acL4)untinE records that disclose with reasonable accuracy ai any time ihe fin1Liicial position af ihtr Charity and cnable thein lo eiisure that the financial slitiemeiits ¢omplJ with Ihc Coinp4nie% ALL 20L16. Thcy al'e ¥i1.5() re%tx)i)sible tor ￿te￿uardI11g the a*&ets of tlic Chariry atid henec for IHking rea4unable st¥PS for the pievention and deteclioii of fraLid and other irrcgulariti¢a. The I"LlJ5 e5 report was approved bv the Board of Tru%tees. .IIILPiAott Trustee Datc.. XYLEM GLOBAL INDEPENDENf EL4.MINFH'S IiliPORT TO THE TRUSTEES OF xYI,fi.M GL()BAL I report to the Trustees 01) my examination of th¢ fiiiancial slaieihents of Xylem Global (the Charity) for the year ended 31 1)eL"ernbET 2024. Responsibilities and basis of rcport As the-l ruste¢s of the Ch41rity (and also ils (lireLtors for Llie purp)ses of c¢)mpany lai¥) }'ou are responsibl¢ lor the preparation ot- the tinancigl staiements in accoi'datKe Thith the i'equirements of the Companies A¢1 2006 (the ?UU6 ALt). Hailing satiified myself that th¢ finan¢ial 51ateni¢nls of the c.harity dre n()t Tequired ti) l)e au¢Jiled under Part 16 ot the 2006 Aci ale elibTblt for independenl examination. I report in respeci ot-my ex￿ninatIon of tbc C.hJrity's fin¥ln¢iaI slaten)¢nrs carricd out under section 145 of the c.harities Act 2011 (th¢ 2011 ALt). Tn carrying Olll Tny examiiiotinn I have follnwed ￿1 the applicable Directions wven by ihe Charity Commissio nd¢r Section 145(5)(b) ot thc 2011 Act. Independent examincr's staten)ent J havc compleied my examination. l Lorri￿ll I1￿1 no matters have come to Tny attention in connection with Ihe exiitnination ¥iving m¢ caus¢ to b¢li¢vc that in any matcrial rcspcct.. ac¢oui)lingi records were n(It kepL in respecL (If the C'harity a% required bj section 386 of the 2006 Act, or Ihe financial statemei)ts do not accord with those records, or the financial slaiemenib do not ¢oinplv with rhc accountin2 rcquiremenls of section 396 of the 2006 Aci i)theT than any" rcquircmcnt that ihe accounts give a tr￿e and fair view B,hich is not a matter considered part of an independeni ttxamina.ti()n,' or 4 the fllwicial siatem¢nls huve n()t been pr¢pared in a￿Ordanc¢ with the method8 and prinuiple$ nf the s￿lement of R¢cO￿￿cnded Practice lor acc()urhtin¥ and reporting by charitic5 applicable to chArities prepariuo thcir accoLinls in dLL¢irddnc¢ H'ith th¢ Financial Rcporting Standard applicable in the IJK and RtpubliL of ITeland (TrIiS 102)- I hav¢ nc* conccrns and have come a¢ross no other tnatters in connection with Lhe examinatioFh to which attention should be drawn in tliis rcpon in order EO enable a proper undeTStandi]Jg of tlle tll)an¢ial Stslenienls Io be rea¢h¢(i. DAvid Hnward I Park Road Hamplun WILk Kin￿loll Upon Tknines KTI 4AS 22-09-2025 xYt,F.M C.LOBAL STATFMF,Tr4T OF Tr"IN,*NC:IAI. IlC:-I'II'I'I'Ifr: INCLifDLNG INCUL￿1£ AND EXPbNDITUlik ACC()UN"r FOR TIIF TrE4R El￿)ED 31 DECEMBER 2024 Unrestrictedunreslricttd funds funds 2024 21)23 Not¢5 kncome from: Donalii)n.s and legacies InvcsttllcLIts 20.(N)I 5,976 26,002 4J22 TotAI ineome 25,977 30,324 enditurc ￿￿". Ch£Lriiable activitics 6,368 3,447 Net gainsloosscs) on inv¢stn¢nts (5,316) (7.i77) tiet movcment funds 14293 19,3 Fund balances al l January 2024 67,154 47,854 Fund balaneey at 31 Deccmber 2024 81,447 67,154 The statement of financial activ.ities includes all gains and losses r¢cognised in the )Jear. All income dnd exp¥iidiliire dcriv¢ froin Continuing ablivilies. Thc statement ()f fiiitsncial activitics also GOlT)plies with ihe reqUIr￿llent5 for an incom¢ aT)d expendiLure aLcounl undcr th¢ Q'.ompanies ALI ry006. XYLEM GLOBAL IIAI.AI%CF .SHEET ASA T31 DECEMBER 2024 2024 2023 Trlotes Tr-ixed InVest￿ents 82,906 68J51 Current asscts Cash £11 bdnk iind in hand Crcditors: *mouDts falling duc Thrytlii on¢ vear 13 (1,463) (1,200) Nel Curreiil liabilitie (1,459) {1.197) Total assets Icjs ¢urrcDt liabiliti¢s 81,447 67.154 Income funds L'nr¢stricted fuiids 81,447 67.154 81.447 67,154 XYLEM GLOBAL BALANCE giHEET (CONTINUED) A,FA T31 DECEMBER 2024 The company is Cntitl￿ to th¢ exempLion fr(m) ihe audil requiremeiit contain¢d in s¢ctioAi 477 of the Companics A¢¢ 2006, for the )ear elided 31 Deccmbcr 2Q24. The directors acknowledge theiT re$pon8ibililies for comp1vi￿g with thc r¢quiiemenL% of the Compartie.8 Att 2006 iiriih respect to accouiiling records Euid thc pi'eparation nf financial stalemeiiL8. Thc n)einbei',% have nol requiied th¢ wn]pwiy to Iihlain Im oudit Dr lis financial statements for the year in question in accordance NN'ith stction 476. These finaiicial slar¢in¢nls have been prepared in accordan¢¢ with the pri)vi.¥iuns applicable to coinpanie5 subjLCt to the small ¢ompanics renimc. The financial slatcm¢nts were appri)¥'eJ bj ihe Trnstees oil . J IILlligott Trustee MJPca Ih]$tee CompallTr r¢gi¥trntiott number 13060874 XYLEM GLOBAL NOTES TO THE FINA Tr'C.TAL STATEMENrs FOR THE YE4R EJVDED 51 DICEMHER 2024 Aetoulltlng poll¢les Charily ittform#tbon Xylcm (ilobal ig a private cornpany limited by guarantee illcorporated in England atml Wales and ])as no share capiial. In the event of the charitablc companj. being would Upi Ilie liabiliry in resp¢¢l of th¢ FuarJnl¢¢ 15 limil¢d io up IE) £10 membei. The registered oftice is 3 13ent5brook Park. North Holmw(x)d, Dorkn'ng. Surrey. RH5 4JL, Untt¢d Kingdom. 1.1 AeeountinE c•ttvention 'rhe finanlial 5tatemenls have been pr¢paT¢d in ¢￿l￿rd￿nCe ￿lIh Ihe Charily's governing document. the Coillpanies ALt 2006, FRS 102 "The Fiiiaiicial Rep(>rtin£ Standard applicable in the UK and Republic of Irel&ind ("FR%' 1 O2"} ￿nd the ChaTlties S()RP "AcLI)unling a￿d Ktp()rling hv c.h￿Ille.￿.. 8taiement of Recoinmended Practice applicahle i() cliarilie% preparing their acc&unt8 iii atc()rdance with the Fiilancial Rcpoiiing Standard applicable in tlic UK and Rcpublic ot'Irclat￿ (FRS 102)" (cftccuve l January 2019)- Th¢ Cbarity is a Public Benefit Enlily as defined b), FRS 102. The C.h¢lrity has tak¢n ¢￿V￿rage of tbc provisions in the SORP for eharitics not to prcparc a Statcment ol"Cash Flow's. The financial slal¢m¢nts arc prcpRtcd in stcrlu]g, ￿hle￿ is the functional Currency of the Charity- onctary ainouiiis in ihese finanLidl slaLeinents rounded lo th¢ n¢arcst £. The fir￿l£la1 statements have been piepared under the hi5rorical cost convention. The principal aeeounling poliLiets 4dopl¢d are set out below. 12 Goin2 eoneeni Al the lime of approving the fLnaThcial stat￿nents, Ihe Tru%tee% have a re￿Oi￿bIe expectation thAt thc Chc1rity kn adcquate resourLe% i() c()ntinue in operational exislcncc for Ihc foreseeable fiiture. Thus ihe Trustees Lonlinue to adopt the goirng concern basis of &ccounting in preparing ihe financial 5tatem¢nt5. IJ Charitable fund5 Ui)rcstricled funds are ai'ailable for 115¢ at thc discretion ofthe Trustee5 in furth¢ranc¢ of th¢ir ch￿itable objeLlives. Restrirt¢d funds arc subject lo speLifir conditions by donor5 as to how they May be usa. The PUTPOSes and uses ofthe Te%iricled funds sct oul in the notes lu the financial slatemenls. Endowment fund5 ate subject to specif￿e condilions by donor5 that the capital Anust be m8inlaineil by Ihe Charity. IA Income Incotne is recogni5ed when the ChEriiy is legally entitled to it atier any perform￿￿# Londition5 Ii&v¢ becn incr, the amounts Cdn b¢ measured reliably, and il is prvbable tliat incom¢ will bc rcceived. XYLEM GIA)BAL IIOTF,S T() THF. FINANCIAL STATEMENTS (COI¥TINUED) FOR THE YL4R k,WED.11 DECEMBER 2024 Accounting puliLie5 (CDn¢lnued} C.a4h doi)dliu1i4 are recognlscd on rcccipt. Other donalioiis ate iecognised once the Charity ha5 been notified ot tEL¢ donation, unless perfi?miinLe L(Indi(i0118 require delerrdl ot. Ilie artiounl. In¢oii)e tax recov¢rablc in rclalion l(1 (l()iialii)n.4 reLttiv¥d under Gitt Aid or dc¢ds of cov¢n￿lt Is rc¢ognised at the time of the donation. Legacics are recognised receipt or oiheTM'ise if (hc Charity has bccn notiticd of an imp¢nding distribution, the amount is know￿ and rcccipt is expected. If the amount 15 not knowrh: the legtiLy is treated as a ¢ontingcnt a55¢t. .5 F,xpLndilure ExpeIJdiwrc is recoTrgnised onL¢ there is a legal or coÉ)strucuvc r)bligation to trallsfer ecnni)Thic henefit t() a third party,, it is probabl¢ that a transfer of ebonomic bencfjls w.ill bc rcqutr¢d in s¢ttleinent, and the amount of the ol)lig&iion can bc m¢asurcd rcliably. txpenditUTe 1% classified by activity. Thc cost5 of each aclivity are made up of the total of dir¢¢t ¢osrs atid shared costs. includiiig support costs involved in undcrtaking ¢ach acti￿7ty. DireLÉ cobts atlribiilable to J tsingle d¥li%iLv are allocatcd dii'¢cily to tliat JLtivity. 8haitd costs ￿..hICh contribut¢ to Jnorc than one (ivilv and support costs M'.hich are llot #liributable to a singlc activity- are apportioned betw'een those actiifrities 00 a b&41% L()n%i%L#iil i%.'ilh thc us¢ of r¢sources. Central siatt costs are all￿[¢d 011 Ihc basis of time 4penL depreciallon charges are allocated on the portion ot thc a55et's use. L6 Fixed asset invo5tn]ellt5 Fixed asset inv¢5tm¢nts are initially nieagured al tran$8CtIOii priL¥ exLludiiig Iransaction ¢osls, aiid are subsequentlv meltsured at tair value at each I'eporting date. Changes in fair N'aiue are recognised in net illcomci'{cxpenditure) for Lhe vear. Tratisaction costs al'e expensed &lS Iiicurrcd. 1.7 Cash •nd cash equivalents Cash and cash equii.'aleiit% inelude cash hand. depo%its held &l call with bat&s, other short-temi liquid inv¢stments with original rnalurilie% of three months or las%. dnd bank uverLlrafts. Bal￿ oTrerdithq are shown within borrowings in current liabilitie5. Basicjoianc'itil a.S.fets BasÈ¢ finanLl&il a%sets. ii-.t]ich include aebior% and cash and bank b¢ilances, arc initiall} rn&￿11red at tran4a¢tiDii price inLluding tratisaction c05t5 and are siibscquentl). catricd at cost using th¢ ettcctivc inltrest method unless the drrdrigeiiiei)t conslittites a finanLing transactio￿ i¥here the transaction is mc8511r¢d at the pre%eiil value of the futui-e reLeipls discolintcd at a markel rate of intercst. Financial &$5ets Llassificd as r¢C¢i￿a￿le wi(hiii oiie ycar are not aniiirtised. XYLEM GLOBAL NOTES TO THF. FINAN"C.IAL sTATE)￿ly[s (CONTll¥UKI)) FOR THE Y&4R ENDED 51 DECEMBER 2024 AccouDling policies {Continued) B￿lef￿anCI&lli￿bIlltl¥S Basic tinancial liabilitl¥S, including cr¢ditors #nd bonk Inans are initially recogtlised at transaction priue unle.%s ihe dTrang¥nienl Lunslilutes a financin£ tsansactio￿ whcr¢ the debt instriiinent is rne￿Ure￿ at the prLSClli valu¢ of the futu￿ p&)'mcnts di5Gounted al a maTkel raie Lif iiiterest. Financial liabilitic5 cl%gssificd as payablc iiritliin onc )'car arc not ￿￿OrtiSed. Lkbt instnllnents are subsequently carricd at ￿￿Oni$¢d cost. using the eff￿tive interest rdle rnelht)d. Trade crcditors art oblioations to pay for gothjs or scrviccs that have acquired in th¢ ordinary COUTse of operations fi'om suppliers. Amounts pavable are cl&ssified ￿ current liabilities if paymeni is due w'ithin one jear or less. If not: they. presenied &8 tM)n•current liabilities. Trade creditors e reL()gnised initiall) at transaction price and subsequeiitly measured at amortised cost using the effective inierest method. Derecvgnilivm uffinaiwial li¢7bilities FinhnLl411 li&bilitie.4 ure derecogiiised wlien the Charity's ¢ontraclual obligation5 cxpirc or ar¢ di5¢harg¢d or cancelled. Critical a¢countillR estimates Jnd.judiements In the application of the ch￿Ity'S accounting policies, the Trustees are required to make judgements, estimat¢s and assuinptioiis about the carrjing aniounl of &%sels and lidbiliii¢s thtit are not r¢adily &PP2fL)nt oiher source5. 'llie estitnate5 and as50ciatcd assumptions &e based on Iiisltsrical ¢xp¢ri¢n¢¢ and other factors Ehal are conbid¢red to be r¢levant. ActLhal r¢sult6 may diff¢r fro￿ thcs¢ estimates. The cstimal¢s and underlying &%suTnptions are reviewed on an on201￿ basis. Revisions lo accouFiling esiimih Lurrent and future period5. Donatlotts and leglleiL Total Total 2024 2023 l)onatiDns at&J Eifts 2Q,001 26,IX)2 XYLEt*l GLOIIAL OTRS TO THE FIPiAfiCIAL STATEMEIYTS (CONTINUED) 'OR THE YEAR ÈNDED 31 DECEMBER 21124 Inves¢ment4 Tot 2024 2023 Tncome froill li%led investtncnts TiilereJt r¢reivable 5.782 194 4.131 5.976 4,322 Charitable Aetivities 2024 2023 Grant funding of activitie.8 {see not¢ 6) 4,(MlO 1.500 Share ot. SUPPOrt costs (s¢¢ note 7) Shor¥ of goN'ernanc¢ u)515 {sec not¢ 7) 724 1,644 747 1,200 3.447 Granls payable 2024 Cir￿lIS to instlllLIioiis'. The Woodland Trust City tsf Trccs Marin¢ C0114eTh'ation StsLiely FLrture Trees Triist (Oak Projcct) 2,000 5110 2,000 4,000 1,500 10- XYLEM GLOBAL NOTES TO TUE FINANCIAL STATEI¥IENfs (COTrlTtNUV.I)) "OR THE YELY ENDED 31 DEC&V3ER 2024 Support costs Sup￿rI Cb¢)Vtrn¥D¢e costs 2024 2023 T,egal fees Bank charge5 Cornp￿er running ¢o$t 615 615 420 327 109 109 Independent eLAmination fee 1,644 1.644 1,20 724 1.644 2.368 1.947 Anal)wsed bettveen Charitable uclivitics 724 1,644 2,368 1,947 Tru¥¢cv Ni)ne of t1￿ Tn]sle¢¥ (or any persons Lonnected wilh theTn) re¢¢ivcd any remuneration or benefiis from th¢ Charily during tlie Jear. Employees The averdge morntidy number of einplovces during the year was: 2024 2023 Number Number 'rotsl There were no employe￿ who%¢ annual rcmuneration was more than £60.000. 10 ilet g¥in￿￿o$se8) on inveslmettts Total Tolal 2024 2023 Revaluation of llivestment (i.316) 17.577) XYI.F.M CLOBAL NI)TF8 TO THE Fll¥ANC:IAL STATEMEThYS IC()IYTINULD) FOR THE YEAR EIIVDED 31 DECEMBER 2024 11 Taxatlo Thc charity is exempl from tax oi) iiicnme tallino within section 50) of ihe T￿eS Act 1988 or section 252 of th¢ .1 axati()n()r Chargcabl¢ tiains ALt 1992 Lo Lhe extenl that thcs¢ are applied to lis chariidble nbjects. 12 Fixcd i)$8el investment5 Li¥led investments Cash in p)rtfolio Total Cort Trr v#lu#tion At l Januarv 2024 ,IdditlOll5 Vdlualioi) chanEes Disposals 63,7¥3 22,856 (5,316) 4,-%68 25,976 48,8.32 (5.316) (2¥ 1)61) (28,961) At JI December 2024 1,583 Carrying am()unl At 31 De¢cn)ber 2024 82.906 At 31 Devemb¢r 2023 63,78_1 4,568 68.351 13 Credltors: ¥mi)unL% IAlling due wilhin oiie year 2024 2023 Accruals 8nd deferr&l iThcotne ,463 1.200 14 Related part), IransJction¥ There weit no disclosable related p￿ty transactions duriiig the )'ear. 12-