THE WATER CONSERVATION TRUST CIO Annual Report and Accounts 2024-25 Registered Charity Number 1199697 The Water Conservation Trust CIO Report of the Trustees For the period l July 2024 to 30 June 2025 The Charity The name of th¢ Cl]arity is The Water Co[￿rVation Trust CIO and its registered address is clo 6 Bluebell Drive. Burghfield COMMO￿ Readin& RG7 3EF. The number of the charity is 1199697 and it is Registered in England and Wales. Trustrts and Thefir Re8PODJibilities All tn￿teeS are appointed by the Court of the WorshIpfi￿ Cornpany of Water Conservators in consultation with the chairm￿ of The Water Conservation Trust CIO. Trustees who served on The Water Consemtion Tntst CIO at any time since ¢ommencement and the date of this rcwrt are: Mr Roger North Mr P¢t¢r Hall Professor Martin Bigg Mr Geoff Parker Mr Rob C&8ey Mr Trevor Harrington Mr Tom Flood The Waler Conservation Trust CIO (the'Trust') has four appK)inted officer positions: l) Chairnwi (Currently held by Roger North (Tn￿ee)> 2) Honorary Treasurer (currently held by Peter Hall cfrustee)) 3) Honorary Legal Advisor (currently held by Keith Lawrey (non-Trustee)) 4) Honorary Secretary (currendy held by Dham]esh Joshi {non-Trustee)) The Chairn￿l and Honordry Treasurer are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom A¢￿untIng Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in En8land and Wales requires the Trust to prepare financial statements for each financial year which 8ive a true and fair view of the state of affairs of the clwity and of the income and exp￿￿lture of th¢ charity for that p￿10d. ID preparing these financial statements The Tn￿ is required to: Select suitable accounting ￿lIcIeS and then apply them Lx)nsist¢ntly' Observe the methods and principles in the Charities Ststement of Recommended Practice (SORP)" State whether applicable accounting standards have been follow￿. subject to any material departures disclosed and explained in the financiaI statements. and Prepare the financial statements on the going concern basis unless it is inappropTiate to presume that the cR￿lty will continue in operdtio The Trust is responsible for keeping proper accounting records that disclose with re&sonable accuracy at any time the financial position of the Tn￿ and enable it to ensure that the f￿anCIal statements comply with the Charities Act 2011. as amended by the Charities Act 2022. It is also reswnsible for safeguarding the assets of the clwity and hence for taking reasonable steps for the prevention and detection of frdud and other irregularities. The TnLSt is r¢sponsible for the maintenance and integrity of the charity and financial inforn￿tIon I￿luded on the chaTity's section of th¢ Worshipfill Company of Water Conservators website. Other Relevant Organlsations Bankers Lloyds BanK PO Box IIKKI, Andover, BXI ILT Neil Be4tOD. 48 Morgans Quay? Strand, Tefignmouth, TQ14 8XZ CCLA Invtstment MaDagement Limited, l An$¢1 L•n¢. London EC4X 3AB Independent Assessor Fund Managers Solicitors None eDrrentty appoiDted Trustees New tn￿le¢s. chosen from Liverymen of the Worshipfvl Company of Water Conservators, are appointed from time-to-time to fill vacancie4 by invitstion from the Court of the Worshipful Company of Wafrr Conservators. No other individual or other body h&s power to apwint new truslees. New trnstees are inducted into the Tn]st and work closely with existing trustees. Tnths are given literdture issued by the Clwity CommisAon setting out their responsibilities. Trustees are gÉven th¢ opportiJnity to attend conf￿￿nCeS and training NtaIn1￿ to the roles and responsibilities of trustees. The general management and thiillstration of the Tn￿t are vested in the appointed officers. All trustees are volwrteers and no remuneration or L￿fits were provided to them. Risk Assessment A Risk Assessment has been conducted. The Trust h&$ appropri& arrangements in place for the preparation of financial statements. the keeping of proper accounts and records, the safeguarding of assets and the detection of frdud. The Trust tecognises its responsibilities to both members and beneficiaries in matters of data security (GDPR), safeguarding and general conduct and regularly reviews its procedures and takes professional advice where required. Related Party Transactions The t￿￿te¢S confinn that to the best of their knowledge and belief there We￿ no financial transactions undertaken by the T￿￿ in the period ended 30 June 2025 in which the trustees or any personlcompany connected with them W directly or indirectly, a material interest. Objects of the Trust The Objects of the Trust, &8 set out in its incorporation documents are: (i) the relief of pjverty of persons generally and in particular of those persons engaged in water Conservatio￿ the water industry and environmental manag¢metJL especially th¢ trcathjent of water and waste water, and their dependants: the advancemenl of education of persons engaged or desiring to engage in activities connected with the water industy or environmental management or elsewhere in industy and commerce generally and in particular by:_ (i) providing or ￿ntributing towards th¢ provision of all r¢quisit¢ facilities in connection therewith; (2) (li) awarding to such persons intending to be enga8¢d in the water industy, environmental management or clsewhere in industy and commerce g¢nerally scholarships and exhibitions al any educational establishment approved by the Trustees; awarding prizes in connection with the examinations of recognised education authorities" (iii) (iv) assisting in general or industrial or commercial education any persons in necessitous circumslances who are preparing to enter the water industy, environmentsl managemenl ¢ommer¢e or industy generally by the provision of books the payment of fees and the d¢frayment of expenses of travelling or Maintenan￿ or by such other means &s the Trustees may think fiL (3) the promotion of research in the field of water technology and conservation or otherwise 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 generality of the foregoing the provision of fmancial support and facilities for those engaged in such research and the award of bursaries and priz£s in connection therewith. (4) the promotion of Science. Technology, Engineering atml Mathematics (STEM) and water related science and envimnmental learnin8 tn %hools and support to youth and student orgaDisations. to make donations to any registered charity. In furtherance of the above objects the TnLStees shall have ww¢r to do all such oth¢r things as shall further the said objects or any of thellL (5) Nothing in this constitution shall authorise an application of the property of the CIO for the purposes whtch are not CR￿ltable in a¢¢ordance with section 7 of the Charities and T￿￿tee Investment (Scotland) Act 2005 and section 2 of the CEwities Act (Nortbern Ireland) 2008. Delivery of Public Benefit The Trust confums tbat it h&$ adopted the Cknity Commission's general guidance on public benefit when reviewing the T￿￿t.'S aims and objectives and when planning future activities. Facilities The TTh￿t does not own any facilities. Financial Reserves Policy The financial reserves ￿l1¢Y Is to develop the Fund to SUPEX)rt: (i) a medium-terni programme of bursaries (including travel bursaries) at UK univasities. (li) the in]provement of water and envÈronment contenl in academic and training courses, and (Ill) to provide fll)ancial support for cases of poverty. Financial arrangements - progress The TTUSt was constitut¢d as a Charitable IncOr￿rated Organisation on 18 July 2022. The Tr￿st has been fully operational in the year 2024-25. Financial Statements The fi1￿Cial statements of the Trust comply with statutory requirements and the requirements of the charity's governtng instrl￿ent and include any additional inf0m￿tIOn required by law. At the year*nd there were no Commitn￿nts regarding on-going expenditure. incomplete projects or obligations not met which were not provided for in the accounts. No fund w&8 in deficit at 30 June 2025. Financial Review The sources of receipts are Gift Aid donations from members of The Worshipful Company of Water Conservators and others: dividends from investment funds. interest from bank deposits and contributions received from individual donor organisations wishing to support the work of the charity. Total receipts in the year to 30 June 2025 amounted to £34,351. In additio￿ £7,000 was transferred from The Water Conservation Tn￿. Payments in the period totalled £67,852, maRnly in support of the Trust's University Bursary Programme for Masters studies in water and enviromnental managemenL and for the Schools and Environtnent Education Programme. Details are sel out in the Financial Staten]ents. Going Concern The knstees consider that there ar¢ no nthial UnCe￿tieS aLK)Ut the Trust's ability to continue &s a going concellL By order of the Trustees Roger N Peter Hall Chairman Hon. Treasurer Dak". 18 November 2025 THE WATER CONSERVATION TRUST CIO FINANCIAL sfATEMENTS for 2024-25 R•gl•tw•d Charfty Mmb•r 1199691 THE WATER CONSERVATION TRUST CIO RECEIPT8 AIID PAY¥Epifs ACCOUNT FOR THE YEAR ENDED 30JUME 2025 •7 3)7 7*• 711 THE WATER CONSERVATION TRUST CIO SAT#OJ#E21 THE WATER CONSERVATION TRUST CIO 11.457 11r8) $1. CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent ExamineT'S Report Report to tho trustoes TWE WA ISR ￿*￿SeRvATI TRufi CID Charlty no (If any) On accounts for tho ￿ar ended 30 2oL5 Sat oirt on pag•s I report to the trustees on my 8xamination of th8 ac￿Unts of the above charlty (Ihe Twsf) for the year ended 3 b o L 2Dz£ Rosp0nslbllltl￿ and basls of report As the tharftys Iruste8s. YYJU ara r8S[Ky￿ib1O for the prgparstlon of triè accounts in accordance with the requirements of the Charlties Act 2011 (Ih8 A¢r). I repcwt in respect of my examination of the Trust's accounts carrled out under sedion 145 of th8 2011 Act and In Carrying out my examination, I have folbwed all th8 appllcable Dlreckn g￿en by the Charlty Commlssk)n under sectlon 145(5Xb) of the ACL Independent 8xamln•rf• stat•m•nt u I have complèted my 8xamlnation. I confinn that no materlal matters hav8 me to my attention In Mnnection the examlnation )me a￿08$ no olh8r matters In wnnect the eXamInatk￿ to whtL* attention shoukl b8 drawn In thls rèport In order to enab￿ a woper understandwu of Ihe ac