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2024-05-31-annual-report

Water Drops Partnership Ltd

Annual report and unaudited accounts for the year ended 31[st ] May 2024

Registered with the Charity Commission for Northern Ireland NIC109226 Company Limited by Guarantee NI688129 Registered Address 30 Kiln Court, Banbridge, Co Down, BT32 4SQ

Water Drops Partnership Ltd

Annual report and financial statements for the year ended 31[st ] May 2024

Contents

Pages
References and administrative details 3
Trustees’ Annual Report 4-7
Independent Examiner’s report to the Trustees 8
Statement of Financial Activities 9
Balance sheet 10
Notes to the financial statements 11-16

2

NIC109226 Co No. NI688129

Water Drops Partnership Ltd

References and administrative details

Charity Name: Water Drops Partnership Ltd Charity Registration Number: NIC109226 Company Number: NI688129 Registered Address: 72 Kiln Court Banbridge Co Down BT32 4SQ

Directors & Trustees

Mrs Anna Margaret Briggs Mr Ronald Thomas James Briggs Rev David John McComb (from 12.6.2023) Rev Canon Jennifer Kathryn McWhirter (from 12.6.2023) Rev Stephen Joseph McWhirter (from 12.6.2023)

Independent Examiner

Aubrey Campbell Aubrey Campbell & Co 631 Lisburn Road Befast BT9 7GT

Bankers

Cash Plus Bank Wise Mpesa

3

NIC109226 Co No. NI688129

Water Drops Partnership Ltd

Trustees’ Annual Report for the year ended 31[st ] May 2024

The trustees present the annual report and accounts for Water Drops Partnership Ltd for year ended 31[st ] May 2024

Objectives and Activities

The charity’s objects are specifically restricted to the following:

To endorse the Christian faith through word and deed by means of the following objects:

To relieve sickness and promote health in communities in East Africa and the developing world through the provision of clean and safe drinking water.

To relieve and prevent poverty for communities in East Africa and the developing world through access to clean water.

To focus on remote rural communities where few or no other relief/development organisations have reached.

To work alongside local churches established in the various communities and encourage the advancement of the Christian faith by practical example.

And as the directors may from time-to-time think fit.

Achievements, Performance & Public Benefit

In this operational year of 2023-2024 Water Drops Partnership Ltd has continued to grow and develop. With an increase in project implementation, it was deemed appropriate to increase the number of Directors and we were delighted to welcome Rev David McComb, Rev Stephen McWhirter and Rev Canon Jennifer McWhirter. As a Board we organised a two-day planning workshop to create a Strategic Plan. The final outcome of this workshop delivered a consolidated strategic plan which will run from 1[st] June 2024 to 31[st] May 2027. Annual reviews will be undertaken and any adjustments necessary will be made. This plan will guide all our activities over the next three years and bring a balance to project implementation and fund-raising activities.

Another important outcome from our workshop was the commitment to what is known as the WaSH (Water, Sanitation and Hygiene) programme. This is an initiative of the UN and it encourages all organisations that are involved with water provision to be aware of the impact of bringing a water supply to areas that have previously never had a water source within their community. Water Drops has therefore committed to implementing a WaSH element to every community storage tank project from now on. This will entail the construction of a pit latrine/bathroom - which is excavating a 6m deep pit, covered with a reinforced concrete base and a block built structure with two doors for a bathroom and a latrine. Then also holding a community training day on issues of sanitation and hygiene so that better practice guidelines can be discussed and agreed upon. This will significantly improve the health and well-being of each of those communities.

The Board also decided that there should be a role for a Patron of the charity. This should be a well-respected person with influence across our target audience for fund raising purposes. Experience of community development and actual visits to our target area of Kajiado County in Kenya is also important. We were therefore delighted to welcome the Rt Rev Patrick Rooke as our Patron on Tuesday 14[th] May 2024.

The main focus of Water Drops Partnership Ltd remains the same - to provide access to clean and safe drinking water for rural and remote communities across Kenya - but with the main focus being in the area of the Anglican Church of Kenya, Diocese of Kajiado. Clean water, when it is available will bring good health and give people the energy to maximise their life opportunities, in order to secure a better future. Lack of clean water will have the direct opposite effect and so the aim of Water Drops Partnership Ltd is to ensure that all its projects have a positive impact on targeted communities. There are no restrictions on who can benefit from this water provision, it is distributed entirely on the basis of need.

Achievements:

As planned, we carried out two projects in October, November and December of 2023. In Oldonyo Oloolasho we constructed a rain water catchment apron on the slope of a hill. The water is filtered into an underground series of water

4

NIC109226 Co No. NI688129

Water Drops Partnership Ltd

Trustees’ Annual Report for the year ended 31[st ] May 2024 (continued)

tanks and then distributed by syphon to a draw-off point. The community around this area were very grateful for this intervention as they do not have any water storage at all. More than 1,200 people will now have access to this clean drinking water source.

After a trial run of 5 Boma Tanks in early 2023 we continued with another 10 Tanks in November of 2023 in the area known as Olootepesi, in the Rift Valley. These have proved to be a life-changer for those who have received them. The level of appreciation is incredible and made the effort of implementing them a real privilege. More than 400 family members in this location have benefited from these tanks. Clean and safe drinking water makes a real difference.

In February and March of 2024 we completed another two community storage tanks. One in Oloontona and another in Oloilalei. We are very thankful to the Peyree family, in the USA, for completely funding the Oloilalei tank, and for their encouragement during the building period.

Partnership, when it works best, is a two-way experience. As various communities across the County of Kajiado, in Kenya are blessed by the work of Water Drops, so too, are the people who enable this work to be carried out. Through various presentations across Ireland/N. Ireland many people are learning about Kenyan culture and understanding issues facing developing countries. We come to understand and appreciate our connectedness as a people and that we are all living in the same world, facing similar issues and challenges and supporting each other to overcome them.

The above can be learned through our fund raising processes, by receiving our completion reports of projects; by presentations in churches; through discussions in church groups; workshops in schools and by being part of the Water Drops interactive WhatsApp group - which has 90 members. This chronicles the implementation of projects on a day-to-day basis, with photos and text that bring the work to life as it progresses. We can also be followed on Facebook and Instagram.

Future Plans - 2024/2025

Imaroro Shallow Dam : This is a new venture for Water Drops and if it is successful we will then consider this as an option for other areas as well. The borehole which we developed previously in Imaroro has not yielded sufficient volume of water to satisfy the needs of the whole community and the livestock. The shallow dam will therefore be used for the livestock and the borehole for clean drinking water for the people. It is estimated that a total of more than 1,000 people will use this borehole water, while more than 4,000 cattle and 6,000 goats will use the dam water supply.

Oloolera Boma Tanks : There are many homesteads (Bomas) across Kajiado County that are located too far away from the community storage tanks that have been built and therefore, they are not able to benefit from this water supply. So, the Boma Tank initiative was established to bring a small 3,000 litre tank to their homesteads to be used for drinking water only. Selection is made by the local community in conjunction with church leaders. We are planning to install 12 more Boma Tanks during the month of July 2024, into this area of Kajiado. At least 500 people will benefit from this project. This has proved to be a very successful initiative and a further 10 Boma Tanks are planned for later in this year in a community still to be confirmed.

Oldonyo Onyokio : This will be a community storage tank - and will therefore also have a WaSH element as part of the proposal - in a very remote setting near Magadi in the Rift Valley. It will be constructed within the compound of the local church, as this is the recognised secure place for the community to access water on a regular basis. A community of about 1,000 people will have access to this clean water supply.

Water Drops Partnership Ltd – practical application and benefits :

  1. Water Drops Partnership Ltd works with local partners to identify communities with the greatest need for clean water provision. These are in remote areas where few or no other relief organisations have reached. We relieve poverty and promote health by the provision of clean and safe drinking water. We harvest rainwater using gravity-fed systems filtered into water storage tanks. We also tap into other available water sources - for example an existing pipe system - and use that for storage purposes. We hold capacity building workshops for locally elected Water Management Committees to nurture ownership and responsibility for the future sustainability of these projects and the economical use of water. A community training day under the WaSH programme also highlights the practical use of water and deals with issues of cleanliness and good hygiene practice.

  2. There is therefore, a reduction in sickness in communities as they no longer drink contaminated water. Instead, they see an improvement in their health and well-being by using this clean water.

  3. By being healthier, people are more productive in work and better able to earn a living.

  4. Girls who previously had to walk long distances for water can now attend school full-time, which improves their educational prospects. They become full participants in the future development of their villages and are real role models for future generations. Apart from the health benefits, providing this service makes these communities feel valued and encouraged.

5

NIC109226 Co No. NI688129

Water Drops Partnership Ltd

Trustees’ Annual Report for the year ended 31[st ] May 2024 (continued)

  1. In these areas the local churches may be the most active institutions caring for the physical and spiritual needs of the people. These congregations see this water provision through the charity as supplying one of their most basic needs. This impacts everyone and helps to deepen personal faith as people see this as a practical example of caring.

  2. There are fewer visits to the local clinics and the community overall is in better health. This is assessed through monitoring and interviews with clinic staff.

  3. Reports of people being more able to earn a secure living as a result of improved health and well-being. Also head teachers report an improvement in school attendance and exam results, particularly among the older girls.

  4. The feedback from the communities - the depth of their heartfelt appreciation and the improvement in their physical and mental health - is a significant indicator to the success of these projects. They no longer feel forgotten.

  5. Through increased faith and regular worship, people live more focused and fulfilled lives and the community is more united. There is no harm arising from any of our purposes. The charity's beneficiaries are people in East Africa and developing countries, regardless of age, gender or faith, who are in need of clean and safe drinking water.

Water Drops Partnership Ltd has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities entered into during the year have helped to achieve its aims and objectives, as well as providing public benefit.

There is no private benefit to be derived from any of the activities undertaken by Water Drops Partnership Ltd. All activities directly support the charitable purposes as set out in its Articles of Association.

Financial Review

Water Drops Partnership Ltd has been privileged to continue to receive many financial donations from individuals, parishes and other groups wishing to support the expansion of the work.

We ended the financial year with £63,139 credit in the bank and this was split between :

Going Concern

The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the organisation can continue its activities and the financial statements for the year end 31st May 2024 can be approved. Projects will only be undertaken when sufficient funds are available or promised. If there are surplus funds from a project, they are transferred to the next suitable project/s.

Structure, Governance and Management

Governing Document and Constitution of the Charity

Water Drops Partnership Ltd is a company limited by guarantee, Company Number NI688129 and accepted as charitable by HMRC under reference NI01300. It is registered with the Charity Commission for Northern Ireland, NIC109226. The company was incorporated on 12[th ] May 2022 and was established under a Memorandum of Association which establishes the objects and powers of the company and is governed by its Articles of Association.

Recruitment and Appointment of Directors

The initial directors on incorporation of the company are also the members of the company. Three additional directors were appointed in June 2023 with particular skills for the benefit of the running of the company.

Pay and remuneration

The directors receive no remuneration for their services as a director/trustee and are not employed by the company.

6

NIC109226

Co No. NI688129

The tharlty Is a private company. Ilmlted by 8uJrnntee. Currentty all decisions are made by tr ccffipany dlrertrKs. Meetln8s of the dlrectors take place as and when requlred. The tTh￿tee$ are responsitle for preparingtheTnJstee< Repcrt and the financial statem￿$ in accordance applicalAe law and regulation& The law applicable to charities in Northern Ireland requires the trustees to prepare flnancial statements for each flnandal year. Under that law the trustees have prepared the finanual statements In accordance wlth Generally Accepted Accountln8 Prartlce Sn the UnSted Kingdom (accounting stsndar(ts issued by the Finanual Reportin8 Councll In the UK. Ir￿UdIng Charltles SORP {FRS 102) "kcountlng and Reportlw by Charltles: Ststement of Recwimended Practlce appllcable to charStles preparlng tr￿1r acxounts In a(uffdarKe ￿ the Flnandal Reportlng Stsndard appllcable In the UK and Republic of Ireland IFRS 1021" arbd promulgated by the Institute of Chartered Acc(MJntsnts in Ireland. Under that law the trustees must not approve the financlal statements unless they are satlsfied that they 81¥e a true and falr vlew of the state of the aff3lr5 of the charlty and of the statement of financial acttr¥ttlEs of the tharlty for that perlod. In preparlngthese finandal statern￿. the tn￿ are requlred t•x select sultable accountlng wjlldes and then applythefft ((M￿nIty makeJud8ments and estlmates that are reasonable and prudent state whether the financlal statements have been wepared In accordance wlth applkable Accounttng Standards and Identify the standards In questlon, subjert to any materlal departures bel￿ disdosed and eyplalned In the finandal statements; and prepare the flnanclal statements (m the 8oln8 Conwn ba unless It Is Inapprcylate to wesume that the companv wlll contlnue as a 8oln8 concern. The truste￿ are Te¥)onslble for keeplng accountlna records that are suffldent to show and explaln the comparfs trdn&)ctlons and dlsclose with reasonable accuracy at ary tlme the financial posltlon of the company and enable them to ensure that the finandal statements comply wlth both the Charlties Act {N¢ythern Ireland) 2CK18, the Chaflty (Accounts and Reports) Re8ulatlons {Northern Ifeland12Q)8 and the CDmpanles Art 21M)6. They are also respMsible for safeguardln8 the assets of the company and hence for Likln8 reasonable steps for the preventlon and detertlon of fraud and other Irregularftles. In so far as the trustees are aware at the tlme of apprO￿ry ¢)ur t￿￿tee$, annual rewt: there Is no relevant audlt Information of whlch the d￿rItable compan(5 exaffllner15 unaware: ¥KI the trustees have taken all steps that they ought to ha￿ taken to make themselves aware of any relwdnt audlt Informatlon and to estsbllsh that the cixnpanVs examlner is avrdre of that Inf0m￿ti(￿. The Independent Examlner, *JJbrey Campbell of Aukn Campbell & Co.. has Indlcated hls wl11lry￿ to contlnue to examine the accounts. 1217124 Nia09226 Co Plo. N1688129

Water Drops Partnorship Ltd Company Llmlted by Guarantee Inde•nt Examlnerfs Report to Ihe Dlrectors of Water Drops Partnershlp Ltd Year ended 31 May 2024 I rep￿ to drecth on my examinalion of the finan(aal statemerrts of Watw Drcys Partnersh4) Ltd (Yho clwity) for the ￿ar er￿ 31 May 2024. As the cthrectors of the company (and 0 ils dkeciors for the purw of company law) you are responsl)le for Ihe Fxepwaiion of ffinan0￿ sL2tements In &cortlance Iwth the requirements of . Charities Act (Nothm Irdand) 2(K)8 (the ￿08 Ac¥) arKI the CompanieÈ kn 2006 (Yhe 2Ci)6 Act?. You are satlsfied that &c¢yJnts ￿ the compary are rM)t required by charty or company law to be aLKtited and have chosen inst&ad to have an Inde￿nt examinalion. Havtng satsfie¢J rn￿11 that the accounts o)mpany are not re¢wi￿j io be audited under Part 16 of the 21Th Act arKI are elIJi￿e for irMJepernlent examinalx)n, I report jn resped of. my examination of Ihe charitls finan(x smements as carri&l out urKler section 65 of the 2(M)8 Aci. In carrying OLrt my examination I have tolk)w&1 the general Dire￿KTh given by the Charbty Commisslon for Northem IrelarKI under sedion 65(9)(b) of the 2008 Act. I have cmipleted my examlnath)n. I conllrni th no matter5 have a)me lo my attention in connection th my examinati(￿ givifWJ me cause to believe thai in any maknia resF£Ct: Lx>untiThJ rw(L8 were not kepi in reSp￿t of charity as fery11￿1 by secti¢￿ 386 of the 2Q)6 Act: or the fin￿la[ statements do rM)t ￿)mplY with actountirwJ rgquiremerts of seclion 396 of IrE 20(￿ Atx Ollw than any rwiirement that the accojnts glve a true and laiff view wlKh ts t a matter Co￿￿dered as part of an indeFwthrn examinaiion; or the finarKd staknnents have not been in awrlm with the methods and inaFYes of the Staiement of Recommeth Practice for a(xthinting and reporbr¥J by charities arplicable to charities pwriro their accounts 4n accordance YAth the Financial Reportirxj sta￿ aFWcablg in Ihe LM( and ReFxJic of IrelarKI (FRS 1021. I confimi that t1￿ are ￿ other mattets to wr attention shoukd be drawn to enabte a proper urwJersknirvJ of the XCLwnts to be reacW. A￿)reY Campbell Ind8pend8nt Examiner 631 Lisbjrn Road BT9 7GT -10-

Water Drops Partnership Ltd

Statement of Financial Activities for the year ended 31[st] May 2024

Unrestricted
Funds
2024
£
Receipts from
Donations and Legacies
3
11110
Charitable Activities
4
6179
Total Receipts
17289
Payments on
Generating Funds
5
1591
Charitable activities
6
0
Total Payments
1591
Net payments
15698
Transfers between funds
-16122
Net movement in Funds
-424
Depreciation of Vehicle
12
0
Reconciliation of funds
Total Funds brought forward
19520
Total funds carried forward
19096		 Unrestricted
Funds
2024
£
Receipts from
Donations and Legacies
3
11110
Charitable Activities
4
6179
Total Receipts
17289
Payments on
Generating Funds
5
1591
Charitable activities
6
0
Total Payments
1591
Net payments
15698
Transfers between funds
-16122
Net movement in Funds
-424
Depreciation of Vehicle
12
0
Reconciliation of funds
Total Funds brought forward
19520
Total funds carried forward
19096		 Designated
Funds
2024
£
0
0
0
0
0
0
0
5000
0
0
5000		 Restricted
Funds
2024
£
34839
4115
38954
5472
84680
90152
-51198
11122
-40076
-13400
79119
39043		 Total
2024
£
45949
10294
56243
7063
84680
91743
-35500
0
-35500
-13400
98639
63139		 Total
2023
£
125939
22776
17289 148715
1591
0		 2342
28164
1591 30506
15698
-16122
-424
0
19520		 118209
0
0
0
0
19096 118209

Funds carried forward are cash funds

NIC109226 Co No. NI688129

9

Balance Sheet as at 31" May 2024 2024 2023 40022 Tot4 Axed Assets Current knets 40022 Prepayments Cash and cath equlvalents Total current Amets 19570 98639 118209 63139 63139 Total tredltors Total net 4M•ts 103161 118109 The fvnds ofthe Ilnrestrlct•d Funds General Funds Designated Funds Totsl Unrestrfrted Funds 19096 5000 24096 19520 19520 Re￿￿￿ed Funds Restrlcted Funds Prepayments Totsl Restrlcted Funds 79065 79119 19570 98689 79065 Total Fund5 103161 118209 The notes on pages 11-16 are an Integrnl part of these flnandal statements The flnandal statements Pages >16 ￿tre apprO￿d ￿ the DIrert￿51fr￿steeS and ￿ *. ,/ql¥ Ronnle Brl 10 NIC109226 Co No. N1688129

Water Drops Partnership Ltd Notes to the financial statements for the year ended 31[st] May 2024

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities and the Companies Act 2006: 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) – (Charities SORP (FRS 102).

The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Preparation of accounts on a going concern basis

The company meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the company has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future, therefore these financial statements have been prepared on a going concern basis. The company will progress with projects when sufficient income is available.

c) Income

Income from personal and charitable donations is recognised on a cash receipts basis.

Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Surplus income from completed projects is transferable to a future project or projects.

d) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

e) Tangible assets

The tangible assets of the company comprise of a Toyota Land Cruiser which has been modified to suit the needs of Water Drops Partnership Ltd and the challenging terrain in Kenya. Ownership is Water Drops Partnership Ltd but due to legalities in Kenya, the registered keeper is the Anglican Church of Kenya, Diocese of Kajiado. A suitable agreement was completed prior to delivery. The purchase and maintenance of this vehicle and the modification of a trailer has been made possible through the Peterson family, as referenced in the financial Review on page 6.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the new disposal proceeds and the carrying amount is recognised in the statement of financial activities and included in ‘Other operating (losses)/gains.

f) Investments

The company holds no investments

NIC109226 Co No. NI688129

11

Water Drops Partnership Ltd

Notes to the financial statements for the year ended 31[st] May 2024 (continued)

g) Cash and cash equivalents

Cash and cash equivalents include cash in hand, held with Cash Plus, Wise and Mpesa banks. The Mpesa bank account is in Ronnie Briggs sole name due to legalities with Kenyan banking system. It is however used solely for Water Drops Partnership Ltd transactions.

h) Financial instruments

Water Drops only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value.

i) Funds

Funds are classified as either restricted funds or unrestricted funds, defined as follows:

2 Critical accounting judgements and estimation uncertainty

Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the company’s accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.

3 Receipts from Donations and Legacies

Unrestricted
Funds
2024
£
Bal from PCO-Water Drops Projects
0.00
Donations Projects
0.00
Donation Unrestricted
11110.00
DSP Foundation
0.00
T & S Pyree
0.00
11110.00		 Restricted
Funds
2024
£
0.00
20980.11
0.00
0.00
13859.38
34839.49		 Total
2024
£
0.00
20980.11
11110.00
0.00
13859.38
45949.49		 Total
2023
£
1901.00
21383.68
10000.00
32238.91
60415.88
125939.47

NIC109226 Co No. NI688129

12

Water Drops Partnership Ltd

Notes to the financial statements for the year ended 31[st] May 2024 (continued)

4 Receipts from Charitable Activities

Unrestricted
Funds
2024
£
Grant from Bishops' Appeal
0.00
PCO-Water Drops Gift Aid
0.00
Bal from PCO-Water Drops Enabling
0.00
Donations for Enabling Fund
0.00
Gift Aid Water Drops Ptr Ltd
6178.51
Grant from Kenya Irish Society
0.00
Sundry Income
0.00
6178.51		 Restricted
Funds
2024
£
0.00
0.00
0.00
3015.69
0.00
1100.00
0.00
4115.69		 Total
2024
£
0.00
0.00
0.00
3015.69
0.00
1100.00
0.00
10294.20		 Total
2023
£
15813.00
3948.73
124.94
2878.25
0.00
0.00
11.94
22776.86

5 Payments on Generating Funds

Unrestricted
Funds
2024
£
Company House Fees
0.00
Legal costs
0.00
General Office expenses
0.00
Bank Charges
436.04
Accounting Services
0.00
Governance Fees
0.00
Insurance
1155.00
Mileage
0.00
Subsistance
0.00
Promotional materials
0.00
Website related expenses
0.00
Admin Assistance
0.00
Total spent on Generating Funds
1591.04		 Restricted
Funds
2024
£
34.00
0.00
447.53
144.37
1370.00
480.00
233.00
275.70
155.12
559.58
108.00
1665.00
5472.30		 Total
2024
£
34.00
0.00
447.53
580.41
1370.00
480.00
1388.00
275.70
155.12
559.58
108.00
1665.00
7063.34		 Total
2023
£
25.00
300.00
370.76
523.10
600.00
0.00
157.00
224.55
0.00
141.62
0.00
0.00
2342.03

NIC109226 Co No. NI688129

13

Water Drops Partnership Ltd

Notes to the financial statements for the year ended 31[st] May 2024 (continued)

Unrestricted
Funds
2024
£
Mbirika tank
0
Lenkishon tank
0
Oldonyo O-lasho
0
Boma tanks
0
Future project/s
0
Olkiramatian
0
Oloilalei
0
Oltiasika Phase 2
0
Olootona
0
Imaroro
0
Vehicle related expenses
0
Balance purchase and fabrication of vehicle
0
0		 Restricted
Funds
2024
£
0.00
0.00
16601.55
6938.20
0.00
5.64
12525.83
774.94
7597.42
122.94
6322.38
33791.00
84679.90		 Total
2024
£
0.00
0.00
16601.55
6938.20
0.00
5.64
12525.83
774.94
7597.42
122.94
6322.38
33791.00
84679.90		 Total
2023
£
10935.34
14683.75
479.07
306.7
4.91
0
0
0
0
0
1754.98
0
28164.75

7. Funds of the Company

At 1st June
2023
Income
£
£
Restricted Funds
Projects
12688
35938
Vehicle Fund
65770
0
Enabling
661
3016
Total Restricted Funds
79119
38954
Unrestricted Funds
Enabling
3960
0
Reserve
0
0
General Fund
15560
17289
Total Unrestricted Funds
19520
17289
Total Funds
98639
56243		 At 1st June
2023
Income
£
£
Restricted Funds
Projects
12688
35938
Vehicle Fund
65770
0
Enabling
661
3016
Total Restricted Funds
79119
38954
Unrestricted Funds
Enabling
3960
0
Reserve
0
0
General Fund
15560
17289
Total Unrestricted Funds
19520
17289
Total Funds
98639
56243		 Expenditure
£
44567
40113
5472
90152
1591
0
0
1591		 Transfers
£
8684
438
2000
11122
0
5000
-16122
-11122		 At 31st May
2024
£
12743
26095
205
39043
2369
5000
16727
24096
98639
56243		 91743 0 63139

NIC109226 Co No. NI688129

14

Water Drops Partnership Ltd

Notes to the financial statements for the year ended 31[st] May 2024 (continued)

8 Reconciliation of Funds

Bank Balances as at 31st May 2024
Cash Plus
Wise
Mpesa
Cash at bank brought forward
Receipts for the year
Payments for the year
Cash at bank carried forward		 £63,136
£0
£3
£63,139
£98,639
£56,243
-£91,743
£63,139

9 Fixed assets

Comprise of Land Cruiser as per note 1e above.

10 Explanatory notes to the funds

Unrestricted Funds

Restricted Funds

11 Transactions with the Trustees and connected persons

Two Trustees received reimbursement of expenses on behalf of the company totalling £2,442.81 These reimbursements included:

Two connected persons received payments totalling £2,861.02 for providing services to Water Drops Partnership Ltd. These were deemed to be in the best interests of the company and approved by the non-connected directors.

NIC109226 Co No. NI688129

15

Water Drops Partnership Ltd

Notes to the financial statements for the year ended 31[st] May 2024 (continued)

12 Depreciation

Toyota Land Cruiser-Purchase and necessary fabrication costs equalled £53,600 Stg. Valuation provided subsequent to work done equated to £53,600 Stg.

Depreciation calculated at 25% on reducing balance. Charge for 2023-24 year £13,400

NIC109226 Co No. NI688129

16