THE WATER CONSERVATION TRUST CIO Annual Report and Accounts 2023-24 Registered Charlty Number 1199697 The Water Conservation Trust CIO Report of the Trnste For the period l Juty 2023 to 30 June 2024 The Charlty The name of the Charity is The Water Conservation TrI￿t CIO and its regEstered address is c/0 6 Bluebell Drive, Burghfield COMMO￿ Readin8. RG7 3EF. The number of the charity is 1199697 and it is Registered in Epgland and Wales. Trustee8 and Their Re8pon$ibilitie8 All trustees are apwinted by the Court of the wO￿hlpful Company of Water Conservators in consultation with the Chainnan of The Water Conservation Trust CKO. Tntstees who served on The WatrT Conservation Trust CIO at any time since commencement and the date of this report are: Mr Roger North Mr Peter Hall Mr Michael Williamson (re$1￿cd 7 November 2023) Mr Roger Hewitt (resigned 19 September 2023) Mr Rob Casey Mr Trevor Harrington Professor Carolyn RoEerts- resigned 12 Novemlxr 2024 Professor Martin Bigg Mt Geoff Parker The Water Conservation Trust CIO (the ,￿n￿,) has four apFX)inted olTicer p)sitions: l ) Chairman (currently held by Roger North (Trustee)) 2) Honorary Tr¢asur¢r (Currently held by Peter Hall {Trustee)) 3) Honorary Legal Advisor (currently held by Keith Lawrey (non-TnL8tee)) 4) Honorary Secretary (currently held by Dhamiesh Joshi (non-Tn￿tee)) The Chainnan and Honorary TreaSu￿r are reS￿)nsIble for preparing the Re[￿ of the Tn￿CeS and th¢ fllwicial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trust to prq)are financial statements for each financial year which give a ttue and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that p¢riod. In preparing these financial statements The TnLSt is TequiF¢d to: Select suitable accountin8 wlicies and then apply them consistently" Obs¢tv¢ the methods and ￿]ncipleS in the Clwities Statement of Recommend Practice (SORP). Make judgments and estimates that are rcasonabjc and pnthL Stale whether applicable accounting standants have IMI followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial statements on the going concern basks unle&s it is inappropriate to presume that the charity will continue in 0￿10]L The Trust is responsible for keeping proper accounting retords that disclose with reasonable accuracy at any time the financial rK)sition of the Tnjst and ¢nabl¢ it to ensure that the fmancial statements comply with the Charities Act 2011, amended by the Charities Act 2022. It is also responsiblc for safeguardiDg the &ssets of the cI￿lty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Tn￿ is reS￿nsIble for the mainlenance and integrity of the charity and financial infomiation included on the charity's section of the Worshipful Company of Water Conservators websi*. Other Relevant Organisation5 Bankerj Lloyds PO BOI 1000, Andovtr, BXI ILT N¢il Beaton 48 MorgRns QuAyg StrAnd, Teignmouth, TQ14 8XZ (i) CCL& J An8el L*n¢. London EC4R 3AB (2) Sehroden, Box 1402, SunderlADd SR43 4AF IDdepend¢Dt Assusor FuDd Managers Sollcltorj None eurreDtty appointed Trustees New trustees, chosen from Liverymen of the Worshipful Company of Water Conservators, re appoinied from time-to-time to fill vacancies, by invitstion from the Court of the Worship￿1 Company of Wat¢r Cons¢rvators. No other individual or other bcmly has power to appoint new trusttts. New trustees are inducted into the Tn￿ and work closely with existing truste¢s. Tn￿CeS are giv¢n litrrature issued by the Charity Commi&sion setting out their resp)nsibilities. Trustees are given the OPPOTtunity to attend conferences and training ￿tainIng to the roles and responsibilities of tn￿ceS. The general management and admiillstration of the TnLSt are vested in the app)inted officers. All trustees are volunteers and no remuncrntion or benefits wcrc provided to them. Risk Assessment A Risk Assessment has been conducte& The Trust has appropriate arrangements in place for the preparation of fmancial statement& the keeping ofproper accounts and records. the safeguarding of assets and the detection of frau& The Trust recognises its responsibilities to both members and beneficiaries in matters of data security (GDPR), safeguarding and general conduct and Tegularly reviews its pr￿edureS and tsk.es professional advice where required. Related Party Transactions The In￿teeS confirn) that to th¢ best of their knowlcdge and Ixlief there were no financial transactions undertaken by th¢ Trust in the period ended 30 June 2023 in which the trustees or any personlcompany connected with them hrf directly or indirectly, a material interesL Objects of the Trust The Objects of the TW &8 set out in its inCor￿)ratiOn documents are: (i) the relief of povcrty of persons generally and in particular of those persons engaged in water conservation, the water industy and environmentsl managemen¢ especially the treatrn￿t of water and waste water, and their dependants. the advancement of edUc￿lOn of persons eng8ged or desiring to engage in activities connected with the water industy or environmental management or elsewhere ID industy and commcTce generally and in particular by.'- (i) providing or contributing towards the provision of all requisite facilities in connection therewith. (2) (li) awarding to such persons intending to be en￿ged in the water industry, environmental management or elsewhere in industy and commerce generally scholaTships and exhibitions at any educational establishment approved by the Tnsic¢s' awarding prizes in cOm￿¢t10n with the examinations of recognised education authoritics: (iii) (iv) a&sisting in genernl or industrial or commercial education any persons in necessitous circumstances who ar¢ preparing to enier the water industy, envimnmentaI managemen( commerce or industy genernlly by the provision of books the payment of fees and the d¢frayment of expenses of travelling or maintenance or by such other means as the Trustees may think fiL (3) the promotion of research in the fIeld of water technology and conservation or otherwis¢ for the advancement of the education of persons engaged or desiring to engage in the water industy or environmentsl management PROVIDED THAT the useful results of such research shall be disseminated for the public benefit and without prejudice to the g¢ncrality of the foregoing the provision of financial support and facilities for those engaged in such research and the award of bursaries and prizes in Connection therewith. the promotion of Science, T¢chnology, Engineering and Mathemati¢s (STEM) and water related science and environmentsl learning in schools and supp)rt to youth and student orgaDisations. to make donations to any register¢d charity. (4) (5) In firtherance of the alK)ve objects the Trustees sh￿1 have wJw¢r to do all such other things as shall further th¢ said objects or any of them. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with section 7 of the ch￿itieS and Trustee Inveslmeni (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008. Dellvery of Publlc Benefft The Trust confwms that it has adopted the Charity Comtnission's general guidance on public benefit when reviewing the Tn]st's aims and objectives and when planning activities. Facllltles The Trust does not own any facilities. Flnancial Reserves Pollcy The financial reserves FK)licy is to develop the Fund to support: (i) a medium-terni programme of bursaries (including travel bursaries) at UK universitie& (ii) the improvement of water and environment content in academic and training courses. and (iii) to provide financial SUp￿rt for cases of tK)V¢rty. Flnanclal arrangements - progress The Trust was constituied as a Charitsble IncorFK)rated Organisation on 18 July 2022. In the period between 18 July 2022 and 30 June 2024, the Trust's Officers have set up and tested banking a￿geMents, obtained the consent of HMRC to recover Gift Aid. and set up investment accounts with Fund ManageTS CCLA and Schroders, to allow Trust operations to begin on l July 2023. This has proceeded well, as set out in the fllwi¢ial slatements for 2023-24. Financlal Ststements The financial ststemenls of the Trust comply with statutory requirements and the requirements of the charity's governing instrument and include any additional infonnation required by law. Al the year-end there wett no commitments regarding on-going expenditure, incomplete projects or obli8ations not met which w¢r¢ not provid¢d for in the accounts. No fund Vi'&S in deficit at 30 June 2024. Flnanclal Revlew The sources of receipts are Gift Aid donations from members of the Worshipful Company of Water Conservators and other& dividends from investment fund4 inter¢si from bank deposits and contributions received from individual donor organisations wishing to support the work of th¢ charity. Tofaj receipts in the year to 30 June 2024 amounted lo £28.9J 5.04. In addition. £700248.30 was transferred from The Water Conservation TTr￿ £40,000 from the sale of investments and an unrealised gain of £10.038.04 from the investments. Payments in the period tota]led £68,252.46, mainly in supwrt of the T￿￿t'S University Bursary Programme for Masters studies in water and ¢nvirotunenthl managemenL and for the Schools Educ&ion Programme. tktails are set out in the Financial Statements. Golng Concern Th¢ trustees consider there att no nwerial uncertaintses about the TnLSt's ability to continue as a going con By order of the TnLStees Roger North Petcr Hall Chairn)an Hon. Treasu Date: 12 November 2024 THE WATER CONSERVATION TRUST CIO FINANCIAL sfATEMENTS for 202>24 R•gkntsr•d Ch•rlty Numb•r 1199891 THE WATER CONSERVATION TRUST CIO 41X 1*k1J 4f.117.U 711 THE WATER CONSERVATION TRUST CIO A8ATJ•A•EI 1tX).O) THE WATER CONSERVATION TRUST CIO syA( Independent examiner's r¢port to thè trustee8 OtTho Water Con8oryatlon Trust CIO I report to the charlty trU￿88S on my examination of accounts of The Water Conservation Trust CIO Ilha Ch8rltable Incorporated Organisationl for the year ended 30 Jun8 2024. Re8pon8lbllltlo$ and ba819 of report A8 the truslees of the Trust, YOU are rgsponslbie for the preparatlon of the account$ in accoid8nce with the requlrements ofthe Chgritles Act 2011 (the ACT). I report in respect of my examIn￿￿on ofthe Tiust's accounts cafried out under Sectlon145 of the Act and n carrying out my ex8mln8tion I have followed all applicable Direction8 given by ihe Ch8rlty Commls8lon undèr Section1451Sllbl ol the Act. Independent •xamln•r'8 8tat•mont I have completed my ex8min8tion. I contirm th8t no material matter8 h8v8 come to my 8tttrntlon In onnectlon wilh thg ftxamlnaiion giving me cau$0 to belleve that In any m8i8ro81 respect- 1.accountlng records were noi kept in respect ol the Trust as requirèd by Se￿10n 130 ofthe Act- or 2.the 8c¢ounl8 do noi accord with those rocords. or 3.the accounts do not comply with the applicable requlrements concernlngthfj form and cont8nt of th8 8ccount8 set out in the Charities IA¢counis 8nd Reportsl Regulations 2008 other than any requirement that the accounts give a Irue and tsir vlew 18 not g matter considered as part of an independent examination. I have no con¢gms and have come 8cross no other m8tter8 In connÈetion wth the exxminatlon to whieh gttentlon should be drawn in this report in order to enable a proper understanding oflhe accounts to be re8ched. JoJa Neil Beaton 48 MorgansQuay Strand Teignmouth Devon TQ14 8XZ 4 November 2024