|Trustees||Ms E Brierley||
|---|---|---|---|
|||Mr<br>I Byrne (Treasurer)||
|||Dr BDevereux|(Vice Chair)|
|||Dr A E Hill||
|||Ms J Hill (Chair)||
|||Ms RJessup||
|||Ms E Mullings-Smith||
|||Ms N Parker||
|||Mr A Rachwal||
|||Mr C Rush||
|||Dr EValentine||
|Chief Executive Officer||Adam Donnan||
|Charity number||277611||
|Company|number|01053508||
|Principal address||6-8Great Eastern Street||
|||Shoreditch||
|||London||
|||EC2A 3NT||
|||England||
|Registered|office|6-8Great Eastern Street||
|||Shoreditch||
|||London||
|||EC2A 3NT||
|||England||
|Auditor||HW Fisher LLP||
|||Acre House||
|||11-15William|Road|
|||London||
|||NW1 3ER||
|||United<br>Kingdom||
|Bankers||Co-operative|Bank|
|||Business Direct||
|||PO BOX250||
|||Skelmersdale||
|||WN8 6WT||





||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-7|
|Statement of|Trustees'|responsibilities||
|Independent|auditor's|report||
|Statement of|financial|activities|12|
|Balance sheet|||13|
|Statement of|cash flows||14|
|Notes to the financial||statements|15-24|





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|The|Trustees, who are also the directors for the|Trustees, who are also the directors for the|purpose ofcompany|law,|who served during the year were:|
|---|---|---|---|---|---|
|Ms|EAntoniades|Snell (Vice-Chair)|(Resigned|17October 2023)||
|Mr|A Rachwal||(Appointed|17|March 2023)|
|Ms|E Brierley|||||
|Mr|I Byrne|||||
|Mr|C Rush||(Appointed|19April 2023)||
|Dr BDevereux||||||
|Dr A E Hill||||||
|Ms|J Hill|||||
|Dr EValentine|||(Appointed|17|March 2023)|
|Ms|RJessup|||||
|Ms|C McHugh||(Resigned|19April 2023)||
|Ms|E Mullings-Smith|||||
|Ms|N Parker|||||
|DrJ|Rogers||(Resigned|19April 2023)||





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||||||||Unaudited|
|---|---|---|---|---|---|---|---|
||||||||Restated|
|||||Unrestricted|Restricted|Total|Unrestricted|
|||||funds|funds||funds|
|||||2023|2023|2023|2022|
||||Notes|f|6|6|f|
|Income from:||||||||
|Voluntary<br>income||||3,581|650,000|653,581|33,137|
|Charitable<br>activities||||537,558||537,558|491,900|
|Investments||||975||975|32|
|Tota I income||||542,114|650,000|1,192,114|525,069|
|~Ee Chtu ra:||||||||
|Raising funds||||214||214|865|
|Charitable<br>activities||||572,602|1,723|574,325|536,623|
|Total resources|expended|||572,816|1,723|574,539|537,488|
|Net (expenditure)/income||for the year/||||||
|Net movement|in funds|||(30,702)|648,277|617,575|(12,419)|
|Fund balances|at 1July 2022|||||||
|As originally<br>reported||||263,690||263,690|270,884|
|Prior year adjustment||||(216,877)||(216,877)|(211,652)|
|As restated||||46,813||46,813|59,232|
|Fund balances|at 30June|2023||16,111|648,277|664,388|46,813|





## 

||||||||Unaudited||
|---|---|---|---|---|---|---|---|---|
||||||||Restated||
||||||2023||2022||
|||||Notes|f||E||
|Fixed assets|||||||||
|Tangible assets||||||1,821||2,298|
|Current assets|||||||||
|Debtors||||12|72,503||50,506||
|Cash at bank|and|in|hand||899,465||284,181||
||||||971,968||334,687||
|Creditors: amounts|||falling due within one year|13|(289,324)||(260,366)||
|Net current|assets|||||682,644||74,321|
|Total assets|less current liabilities|||||684,465||76,619|
|Creditors: amounts|||falling due after more than||||||
|one year||||14||(20,077)||(29,806)|
|Net assets||||||664,388||46,813|
|Income funds|||||||||
|Restricted funds||||17||648,277|||
|Unrestricted|funds|||||16,111||46,813|
|||||||664,388||46,813|





## 

## 

|||||||||Unaudited||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Restated||
|||||||2023||2022||
||||||Notes|||f||
|Cash flows from operating||activities||||||||
|Cash generated<br>from/(absorbed|||by) operations||||625,873||(33,365)|
|Investing activities||||||||||
|Purchase oftangible<br>fixed|assets|||||(1,835)||(2,248)||
|Investment<br>income received||||||975||32||
|Net cash used in investing|activities||||||(860)||(2,216)|
|Financing activities||||||||||
|Repayment<br>of borrowings||||||(9,729)||(9,544)||
|Net cash used in financing|activities||||||(9,729)||(9,544)|
|Net increase/(decrease)<br>in||cash|and cash equivalents||||615,284||(45,125)|
|Cash and cash equivalents|at beginning|||ofyear|||284,181||329,306|
|Cash and cash equivalents||at end ofyear|||||899,465||284,181|





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|Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|
|funds|funds||funds|
|2023|2023|2023|2022|
|f|f|f|6|
|3,581|650,000|653,581|33,137|



||||Publications<br>&|Conferences|and|Total|Publications<br>&|Conferences|and|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||services for|consultancy||2023|services for|consultancy||2022|
||||members||||members||||
||||||||Restated|||Restated|
||||2023||2023||2022||2022||
|Income|from|charitable|||||||||
|activities|||496,491|41,067||537,558|463,680|28,220||491,900|



||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||f|f|
|Interest receivable|||975|32|
|Raising funds|||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
||||6|6|
|Fundraisin|and|ublicit|||
|Fundraising|agents||214|865|
||||214|865|





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## 

||||Publications<br>&|Conferences &|Total|Publications<br>&|Conferences<br>&|Total|
|---|---|---|---|---|---|---|---|---|
||||services for|consultancy|2023|services for|consultancy|2022|
||||members|||members|||
||||2023|2023||2022|2022||
|Staff costs|||330,424|30,600|361,024|319,834|37,272|357,106|
|Depreciation|and impairment||2,312||2,312|2,570||2,570|
|Publications|||40,119||40,119|35,677||35,677|
|Events &Training||||27,310|27,310||19,040|19,040|
||||372,855|57,910|430,765|358,081|56,312|414,393|
|Share ofsupport costs (see|||||||||
|note 8)|||127,208||127,208|115,618||115,618|
|Share ofgovernance||costs (see|||||||
|note 8)|||14,681|1,671|16,352|5,908|704|6,612|
||||514,744|59,581|574,325|479,607|57,016|536,623|
|Analysis<br>by|fund||||||||
|Unrestricted|funds||514,144|58,458|572,602|479,607|57,016|536,623|
|Restricted funds|||600|1,123|1,723||||
||||514,744|59,581|574,325|479,607|57,016|536,623|





## 

## 

|8|Support costs|Support costs||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Support costs|Governance|2023|Support costs|Governance|2022|
||||||costs|||costs||
||Premises|and|services|27,681||27,681|30,307||30,307|
||Administrative||expenses|76,897||76,897|69,239||69,239|
||Computer|and|website|13,190||13,190|14,835||14,835|
||Travel|||9,440||9,440|1,237||1,237|
||Audit fees||||13,000|13,000||||
||Accountancy||||3,352|3,352||6,612|6,612|
|||||127,208|16,352|143,560|115,618|6,612|122,230|
||Analysed|between||||||||
||Charitable|activities||127,208|16,352|143,560|115,618|6,612|122,230|





## 

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## 

|The average<br>monthly<br>num|ber ofemploye|es<br>during the|year was:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Number|Number|
|||||10|12|
|Employment<br>costs||||2023|2022|
|||||f|f|
|Wages and salaries||||316,774|315,429|
|Socia I security costs||||31,215|30,174|
|Other pension costs||||13,035|11,503|
|||||361,024|357,106|
|The number ofemployees|whose annual|remuneration|was f60,000or more were:|||
|||||2023|2022|
|||||Number|Number|



## 

|Tangible fixed assets|||||
|---|---|---|---|---|
|||Fixtures, fittings|Computers|Total|
|||&equipment|||
|||f|||
|Cost|||||
|At 1July 2022||4,387|13,320|17,707|
|Additions|||1,835|1,835|
|At 30June 2023||4,387|15,155|19,542|
|Depreciation|||||
|At 1July 2022||4,387|11,022|15,409|
|Depreciation<br>charged|in the year||2,312|2,312|
|At 30June 2023||4,387|13,334|17,721|
|Carrying amount|||||
|At 30June 2023|||1,821|1,821|
|At 30June 2022|||2,298|2,298|





## 

## 

|Debtors||||||
|---|---|---|---|---|---|
|||||2023|2022|
|Amounts|falling due|within one year:||f|f|
|Trade debtors||||4,552|6,511|
|Other debtors||||6,480|6,500|
|Prepayments||||61,471|37,495|
|||||72,503|50,506|
|Creditors:|amounts|falling due within one year||||
|||||2023|2022|
||||||Restated|
||||Notes||f|
|Bank loans||||10,650|10,650|
|Deferred|income||15|250,064|220,277|
|Other creditors||||13,272|24,368|
|Accruals||||15,338|5,071|
|||||289,324|260,366|
|Creditors:|amounts|falling due after more than one year||||
|||||2023|2022|
|||||f|f|
|Loans||||20,077|29,806|



## 

|||||2023|2022|
|---|---|---|---|---|---|
||||||Restated|
||||||f|
|Membership|income received||in advance|249,864|216,877|
|Grant income|received|in advance||200|3,400|
|||||250,064|220,277|





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## 

||||||Movement|Movement|in|||Movement|in funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||funds|||||||||
|||||||Incoming||Balance at||Incoming|Resources||Balance at|
||||||resources|||1July 2022||resources|expended||30June 2023|
||||||||||f|||f||
|Foundation|for|Water Research||||||||650,000||(1,723)|648,277|
|2022-23||||||||||||||
|Foundation|for Water||Research|(FWR) grant|received|for|the|purposes<br>of|developing<br>and||carrying|out the|FWR Legacy|
|Implementation||Plan.||||||||||||
|2021-22||||||||||||||
|There was|no restricted||funding|in the year.||||||||||
|Analysis ofnet||assets between||funds||||||||||
|||||||||Unrestricted||Restricted||Total|Unrestricted|
|||||||||funds||funds|||funds|
||||||||||||||Restated|
|||||||||2023||2023||2023|2022|
|||||||||f||||f.|f|
|Fund balances at 30June 2023 are represented|||||by:|||||||||
|Tangible assets||||||||1,821||||1,821|2,298|
|Current assets/(liabilities)||||||||34,367||648,277|682,644||74,321|
|Long term|liabilities|||||||(20,077)|||(20,077)||(29,806)|
|||||||||16,111||648,277|664,388||46,813|





## 

## 

||2023|2022|
|---|---|---|
||f|f|
|Within one year|16,900|16,900|
|Between two and five years|12,675|29,575|
||29,575|46,475|



## 

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## 

|||2023|2022|
|---|---|---|---|
|||f|f|
|Aggregate|compensation|97,702|84,863|



## 



## 

## 

|23|Cash generated<br>from operations|Cash generated<br>from operations||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||Restated|
||||||||f|
||Surplus/(deficit)<br>for the year|||||617,575|(12,419)|
||Adjustments<br>for:|||||||
||Investment<br>income recognised|in|statement|offinancial activities||(975)|(32)|
||Depreciation<br>and impairment<br>oftangible fixed assets|||||2,312|2,570|
||Movements<br>in working capital:|||||||
||(Increase) in debtors|||||(21,997)|(4,899)|
||(Decrease) in creditors|||||(829)|(3,583)|
||Increase/(decrease)<br>in deferred|income||||29,787|(15,002)|
||Cash generated<br>from/(absorbed||by) operations|||625,873|(33,365)|
|24|Analysis ofchanges<br>in net funds|||||||
||||||At 1July 2022|Cash flows|At 30June 2023|
||||||f.|||
||Cash at bank and in hand||||284,181|615,284|899,465|
||Loans falling due within one year||||(10,650)||(10,650)|
||Loans falling due after more than||one year||(29,806)|9,729|(20,077)|
||||||243,725|625,013|868,738|