COMPANY REGISTRATION NUMBER: NI688129
CHARITY REGISTRATION NUMBER: 109226
Water Drops Partnership Ltd Company Limited by Guarantee Unaudited Financial Statements 31 May 2025
AUBREY CAMPBELL & COMPANY
Chartered accountants 631 Lisburn Road Belfast BT9 7GT
Water Drops Partnership Ltd
Company Limited by Guarantee
Financial Statements Year ended 31 May 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 |
| Independent examiner's report to the directors | 9 |
| Statement of financial activities (including income and | |
| expenditure account) | 10 |
| Statement of financial position | 11 |
| Statement of cash flows | 12 |
| Notes to the financial statements | 13 |
Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 31 May 2025
The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2025.
Reference and administrative details
Registered charity name Water Drops Partnership Ltd Charity registration number 109226 Company registration number NI688129 Principal office and registered 72 Kiln Court office Banbridge BT32 4SQ
The directors
Independent examiner
R T J Briggs Mrs A M Briggs Rev D McComb Rev Canon J McWhirter Rev S McWhirter Aubrey Campbell 631 Lisburn Road Belfast BT9 7GT
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
Structure, governance and management
Governing Document and Constitution of the Charity
Water Drops Partnership Ltd is a company limited by guarantee, Company Number Nl688129 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 12th 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.
The directors receive no remuneration for their services as a director/trustee and are not employed by the company.
Organisational Structure
The charity is a private company, limited by guarantee. Meetings of the directors take place as and when required.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102) "Accounting and Reporting by Charities: 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)" and promulgated by the Institute of Chartered Accountants in Ireland. Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently
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make judgments and estimates that are reasonable and prudent
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state whether the financial statements have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue as a going concern.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
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.
Water Drops Partnership Ltd - practical application and benefits:
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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.
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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.
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By being healthier, people are more productive in work and better able to earn a living.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
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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.
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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.
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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.
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Reports of people being more able to earn a secure living as a result of improved health and wellbeing. Also head teachers report an improvement in school attendance and exam results, particularly among the older girls.
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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.
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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.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
Achievements and performance
As we approach the end of our first year of implementing our Strategic Plan, it is a good opportunity to reflect on our performance to see if the plan has been realistic. The strategic plan was labelled a 'consolidation plan' so that we could build on the lessons already learned.
The Plan stated that we should aim towards two trips to Kenya per year and that is exactly what we achieved during this operational year - the details of these can be seen under 'Achievements' below. Fund raising was also a main pillar of the Plan and the success of this element can be clearly seen in the finance section of this report.
As indicated last year we will now implement the UN's WaSH (Water, Sanitation and Hygiene) programme. This will see the construction of a pit latrine/bathroom at all our community storage tanks. This also involved a community training day in the use of, and maintenance of, these latrines. As we discussed this with the Diocese of Kajiado we came to understand that they already had access to a community training organisation who carry out a wide range of training programmes. It was therefore agreed that we would focus on the construction of the pit latrines and let the training be carried out by an organisation that is already providing this service and is equipped to do so.
The Board, along with the new Patron, are now well settled into their various roles and continue to give Water Drops Partnership Ltd all the support that is needed in order to fulfil our Strategic Plan.
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 (ACK), Diocese of Kajiado.
After the presentation of a full report from Water Drops Partnership Ltd to the ACK Diocese of Kajiado's bi-annual Synod meeting held on 30/31st October 2024, the Diocese agreed to incorporate Water Drops Partnership Ltd as an official partner to support the development goals that the Diocese has for the whole area of Kajiado. We were delighted with this move and it will continue to give us access to all the rural and remote areas where people struggle on a daily basis to find clean and safe drinking water. The difference that this makes to the welfare of these communities will be seen for years to come.
There are no restrictions on who can benefit from this water provision, it is distributed entirely on the basis of need.
Achievements:
The plan for this current year was to implement the following projects:
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Imaroro Shallow Dam: This project was implemented in July 2024. This was a new venture for Water Drops Partnership Ltd and was successfully completed as planned. The excavation of shallow dams will now be a viable option for other areas if required. We had already developed a borehole in this area but it did not yield sufficient volume of water to satisfy the needs of the whole community and their livestock. The shallow dam will therefore be used for livestock and the borehole for clean drinking water for people only. Now we have a water supply that is estimated to serve a total of more than 1,000 people. More than 4,000 cattle and 6,000 goats will also benefit from the dam water supply.
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Oloolera Boma Tanks: There are homesteads (Bomas) across Kajiado County that are located too far away from the community storage tanks to benefit from their water supply. So, the Boma Tank initiative was established to bring a smaller 3,000 litre tank to their homesteads to be used for drinking water only. Selection was made by the local community in conjunction with church leaders. We were able to install 12 Boma Tanks during the month of July 2024 into this area of Kajiado. At least 500
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
people will benefit from this project. It has since rained and all the tanks are full and making a real difference to the quality of the lives of the people who live there.
- Oldonyo Onyokie: This was planned as a community storage tank - and will therefore also have a WaSH element included. As community sensitisation was underway we became aware that there were issues within the community that needed to be resolved before implementation could begin. In conjunction with the Bishop's office, it was agreed that this project be put on hold until all the issues were resolved. The work will commence when the "all clear" is given.
Another trip was organised for January to April 2025 and the following projects were implemented:
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Erankau Community Tank: During a visit to this community on Wednesday 5th February 2025, it was agreed that a 100m³ above ground water storage tank would be constructed adjacent to the existing church building to catch rain water through a gutter system and store the water during the rainy season for use during the dry seasons. That means 100,000 litres of water will be available for distribution by a community-selected Water Management Committee, thus ensuring equitable distribution across the whole community. The work on the construction began on Friday 7th February 2025 and was fully completed on Monday 10th March 2025 and we then formally handed the water storage tank over to the local community. All the pupils and their teachers in the local primary school will also benefit from this water supply as they will receive 10,000 litres every month from the storage tank.
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Boma Tanks - Enkaroni: During a visit in March 2025, we were able to travel to a place called Enkaroni and install a further 17 tanks to help bring clean and safe drinking water to that rural community - that's a total of 44 Boma Tanks to date across the whole of Kajiado County.
Enkaroni is located in the Rift Valley and recent weather patterns have caused a number of water sources to dry up. However, it does eventually rain and if we are in a position to catch the rain water into these 3,000 litre tanks, then the people involved will have a clean water supply for their families. 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. Partnership is at the heart of everything that we do in Water Drops Partnership Ltd. The work we do is a means of connecting those who benefit from the water supply along with those who actually carry out our fund-raising activities here in Northern Ireland/Ireland and beyond. This makes partnership a two-way experience. As various communities across the County of Kajiado, in Kenya are blessed by the work of Water Drops Partnership Ltd, so too, are the people who enable this work to be carried out. When attending presentations across Ireland/Northern Ireland many people are learning about Kenyan culture and understanding issues facing developing countries - and more especially are able to see and hear some of the people whose lives are impacted by this gift of water through our social media platforms and reports. Through this 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. These lessons 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 Partnership Ltd interactive WhatsApp group - which has around 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.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
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 network.
We ended the financial year with net assets of £143,412 comprising £113,395 in the bank and fixed assets of £30,017, and this was split between
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Restricted Funds: £70,997, made up of:£14,039 for projects, £23,422 for vehicle running costs and £3,519 for Enabling/Support, all in cash and the NBV of the vehicle of £30,017.
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Unrestricted Funds: £72,415 made up of: £5,000 Reserves and £67,415 for use as required.
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 2025 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.
Plans for future periods
Future Plans - 2025/2026:
A further trip is being organised for August to November 2025 and the following projects at the planning stage: 1. Oldonyo Onyokie: All the issues that delayed this project have now been resolved and we have been given the "all clear" to proceed. The work will continue as initially planned with the construction of a 1003m water storage tank placed close to an existing church building. A new water source will have a significant impact on the health and well-being of any community and a water provision project such as this must take consideration of the potential impact that the solution will have. Therefore, the implementation of the pit latrine construction element of the UN WaSH programme (Water, Sanitation and Hygiene) will be significant for the future well-being of the whole community.
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Mailua Area: This is a new area to be targeted by Water Drops Partnership Ltd in conjunction with the Diocese of Kajiado. The actual location of this project is still under discussion but the plan is to construct a community water storage tank at a convenient place to serve the water needs of the chosen community. As soon as all the details are in place a full estimate will be developed and implementation plans put into place.
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A further trip will be organised from around mid-January to April 2026. The details for this trip are still being developed in conjunction with the Office of Bishop Gaddiel of Kajiado.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 May 2025
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report (incorporating the directors' report) was approved on 7 January 2026 and signed on behalf of the board of trustees by:
Mrs A M Briggs Director
Rev D McComb Director
Charity Secretary
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Water Drops Partnership Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Water Drops Partnership Ltd
Year ended 31 May 2025
I report to the directors on my examination of the financial statements of Water Drops Partnership Ltd ('the charity') for the year ended 31 May 2025.
Responsibilities and basis of report
As the directors of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Aubrey Campbell Independent Examiner 631 Lisburn Road Belfast BT9 7GT
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Water Drops Partnership Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 May 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 66,152 | 14,225 | 80,377 | 45,949 |
| Charitable activities | 6 | 1,682 | 14,520 | 16,202 | 10,294 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 67,834 | 28,745 | 96,579 | 56,243 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 1,205 | 13,225 | 14,430 | 20,404 |
| Expenditure on charitable activities | 8,9 | 16,310 | 25,588 | 41,898 | 50,887 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 17,515 | 38,813 | 56,328 | 71,291 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 50,319 | (10,068) | 40,251 | (15,048) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 24,096 | 79,065 | 103,161 | 118,209 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 74,415 ৶৶৶৶৶৶৶৶ |
68,997 ৶৶৶৶৶৶৶৶ |
143,412 ৶৶৶৶৶৶৶৶৶ |
103,161 ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 13 to 20 form part of these financial statements.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Statement of Financial Position
31 May 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 14 | 30,017 | 40,022 | |
| Current assets | ||||
| Cash at bank and in hand | 113,395 | 63,139 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net current assets | 113,395 | 63,139 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 143,412 | 103,161 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 70,997 | 79,065 | ||
| Unrestricted funds | 72,415 | 24,096 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 15 | 143,412 | 103,161 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 May 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 7 January 2026, and are signed on behalf of the board by:
Mrs A M Briggs Director
Rev D McComb Director
The notes on pages 13 to 20 form part of these financial statements.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 May 2025
| Year ended 31 May 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 40,251 | (15,048) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 10,005 | 13,340 |
| Interest payable and similar charges | – | 144 |
| Changes in: | ||
| Trade and other debtors | – | 19,570 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Cash generated from operations | 50,256 | 18,006 |
| Interest paid | – | (144) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net cash from operating activities | 50,256 | 17,862 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | – | (53,362) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net cash used in investing activities | – | (53,362) |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Net increase/(decrease) in cash and cash equivalents | 50,256 | (35,500) |
| Cash and cash equivalents at beginning of year | 63,139 | 98,639 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Cash and cash equivalents at end of year | 113,395 | 63,139 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The notes on pages 13 to 20 form part of these financial statements.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 May 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 72 Kiln Court, Banbridge, BT32 4SQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
- 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
- 15 -
Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and the liability of the members is limited to a sum not exceeding £10 in the event of a winding up.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations - restricted funds | – | 14,225 | 14,225 |
| Donations - unrestricted | 66,152 | – | 66,152 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 66,152 | 14,225 | 80,377 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations - restricted funds | – | 34,839 | 34,839 |
| Donations - unrestricted | 11,110 | – | 11,110 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 11,110 | 34,839 | 45,949 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 16 -
Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
6. Charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Income from charitable activities - restricted | – | 14,520 | 14,520 | |
| Income from charitable activities - unrestricted | 1,682 | – | 1,682 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 1,682 | 14,520 | 16,202 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Income from charitable activities - restricted | – | 4,115 | 4,115 | |
| Income from charitable activities - unrestricted | 6,179 | – | 6,179 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 6,179 | 4,115 | 10,294 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 7. | Costs of raising donations and legacies | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Costs of raising donations and legacies - Other type 1 | 1,205 | 11,893 | 13,098 | |
| Costs of raising donations and legacies - Other type 3 | – | 1,332 | 1,332 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 1,205 | 13,225 | 14,430 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Costs of raising donations and legacies - Other type 1 | 1,591 | 16,700 | 18,291 | |
| Costs of raising donations and legacies - Other type 3 | – | 2,113 | 2,113 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 1,591 | 18,813 | 20,404 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 8. | Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Project costs | 16,310 | 25,588 | 41,898 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Project costs | – ৶৶৶৶ |
50,887 ৶৶৶৶৶৶৶৶ |
50,887 ৶৶৶৶৶৶৶৶ |
- 17 -
Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | 2025 | 2024 | ||
| £ | £ | £ | ||
| Project costs | 41,898 | 41,898 | 50,887 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 10. | Net income/(expenditure) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 10,005 | 13,340 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| 11. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 500 | 480 | ||
| ৶৶৶৶ | ৶৶৶৶ | |||
| 12. | Staff costs |
The average head count of employees during the year was Nil (2024: Nil). The average number of full-time equivalent employees during the year is analysed as follows:
2025 2024 No. No. Number of volunteer staff 2 2 ৶৶৶৶ ৶৶৶৶
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
Two Trustees received reimbursement of expenses on behalf of the company totalling £10,600.96. These reimbursements included: o Sundry office expenses. o Mileage allowance in connection with travelling to speaking engagements. o Components of labour and materials costs in Kenya where cash payments were necessary and due to Kenyan banking system these had to be made via Ronnie's Mpesa account. (Full audit trail held). o Daily allowance for Project Manager and Administrator while in Kenya to cover utilities and living expenses.
- 18 -
Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
14. Tangible fixed assets
| Motor | ||
|---|---|---|
| vehicles | Total | |
| £ | £ | |
| Cost | ||
| At 1 June 2024 and 31 May 2025 | 53,362 | 53,362 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Depreciation | ||
| At 1 June 2024 | 13,340 | 13,340 |
| Charge for the year | 10,005 | 10,005 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| At 31 May 2025 | 23,345 | 23,345 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Carrying amount | ||
| At 31 May 2025 | 30,017 | 30,017 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At 31 May 2024 | 40,022 | 40,022 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 June 2024 | Income | Expenditure | Transfers | 31 May 2025 | |
| £ | £ | £ | £ | £ | |
| General funds | 19,096 | 67,834 | (17,515) | (2,000) | 67,415 |
| Designated Fund 1 | 5,000 | – | – | – | 5,000 |
| Unrestricted fund | – | – | – | – | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 24,096 | 67,834 | (17,515) | (2,000) | 72,415 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 19,520 | 17,289 | (1,591) | – | 35,218 |
| Designated Fund 1 | – | – | – | 5,000 | 5,000 |
| Unrestricted fund | – | – | – | (16,122) | (16,122) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 19,520 | 17,289 | (1,591) | (11,122) | 24,096 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Restricted funds | |||||
| At | At | ||||
| 1 June 2024 | Income | Expenditure | Transfers | 31 May 2025 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds 1 | 79,065 | 28,745 | (38,813) | 2,000 | 70,997 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At | ||||
| 1 June 2023 | Income | Expenditure | Transfers | 31 May 2024 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds 1 | 98,689 | 38,954 | (69,700) | 11,122 | 79,065 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 19 -
Water Drops Partnership Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2025
16. Analysis of net assets between funds
| Unrestricted | Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Tangible fixed assets | – | 30,017 | 30,017 | ||
| Current assets | 72,415 | 40,980 | 113,395 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 72,415 | 70,997 | 143,412 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Tangible fixed assets | – | 40,022 | 40,022 | ||
| Current assets | 24,096 | 39,043 | 63,139 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| Net assets | 24,096 | 79,065 | 103,161 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 17. | Analysis of changes in net debt | ||||
| At | |||||
| At | 1 Jun 2024 | Cash flows | 31 May 2025 | ||
| £ | £ | £ | |||
| Cash at bank and in hand | 63,139 | 50,256 | 113,395 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
- 20 -