2020-12-31-accounts

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Review of 2020 And trustees’ report and financial statements for the year ended 31 December 2020

Together, we stand for a world beyond waste

03 President’s foreword
04 Rising to the challenge
05 Member benefits
06 Supporting professional development
07 Awards and recognition
08 Knowledge sharing and thought leadership
10 Select statistics
11 Impact and influence
15 Trustees’ Report and Consolidated Financial Statements
16 Trustees’ Report
28 Independent Auditor’s Report
32 Consolidated Statement of Financial Activities
33 Consolidated Balance Sheet
34 Charity Balance Sheet
35 Consolidated Statement of Cash Flows
36 Notes to the Financial Statements

Together, we stand for a world beyond waste

FOREWORD

President’s foreword

Looking back over 2020, there is no doubt that it was a tough year for everyone. It was a year of uncertainty and worry. It was a year of loss – whether that was loss of our normal way of life, loss of employment or, tragically for some, the loss of loved ones.

However, it is amazing what people can achieve in times of adversity and

what strikes me about CIWM’s work during this time – encapsulated in these pages – is the degree to which the organisation stepped up to the challenge of supporting its members and the wider sector during the year.

As the reality of the first lockdown began to bite, I am proud to say that CIWM was quick to realise that this new world demanded different types of connectivity and communication, and a stronger sense of community, to help people to do their jobs in new ways and ward off the sense of isolation that resulted from being largely confined to our homes.

a CIWM COVID-19 Advisory Group was convened and this team of experts worked with staff and Trustees to ensure that CIWM could feed real-time information and recommendations into the UK governments to inform their thinking and improve the sector’s resilience. CIWM also worked with the governments, WISH and other key stakeholders to support the development of ongoing guidance on health and safety matters and the appropriate management of COVID-19- related waste streams.

Despite the difficult circumstances, CIWM Centres also worked hard to support members, holding a range of online events during 2020 on a diverse range of subjects including healthcare waste management, asbestos, the circular economy, wellbeing and mental health, waste crime, and equality, diversity and inclusivity.

As the year drew to an end, CIWM and the University of Exeter published a report on the UK resources and waste sector response and resilience during the COVID-19 pandemic. As I noted at the time, what stood out for me was how people working across the sector had responded and risen to the challenges posed by the pandemic. From stories about collection crews going the extra mile to maintain services to collaborative cross-sectoral working and information-sharing at the highest strategic level, everyone pulled together. I believe that CIWM played an important role in supporting this and I would like to thank all our staff, members, Centres, and volunteers for the amazing contributions they made.

In April, CIWM launched its CIWM Connect platform, through which members were able to share ideas and advice and find solutions to problems. It proved immediately popular and, by the end of 2020, there had been more than 2,500 posts across 400 topic areas. More member support came a month later as CIWM’s mentoring platform went live, providing a portal for those looking for professional development support to easily and confidentially find a mentor who is right for them. Alongside this, the CIWM team moved quickly to develop other virtual opportunities for members to connect and learn, from online meeting capability for CIWM Centres to a programme of more than 50 webinars on a wide range of technical, policy and business support topics. These webinars were not just free to members but were open to all, as CIWM wanted to support professionals right across the sector to help meet the challenges arising from the pandemic.

As UK governments and the sector geared up to meet the COVID-19 challenges, it was uncharted territory and the rulebook was being written and rewritten on a daily basis. CIWM was one of the key stakeholders invited by all four UK governments to be part of regular sector-wide COVID-19 contingency planning meetings. Through these, it inputted into the various measures and mechanisms put in place to support the sector in delivering its vital frontline role – most crucially ensuring that, from early on, waste management was seen as an essential sector and was included in the critical worker provisions.

Drawing on the amazing body of knowledge within the Institution,

In closing, I am pleased to report that CIWM ended the year in a strong position organisationally and financially. In November 2020, the full integration of WAMITAB into CIWM was agreed and the programme of work to achieve this began. The integration provides CIWM with an opportunity to further improve the range and quality of vital sector qualifications, training, and member and learner services, and supports the wider skills agenda, which is a 2021 priority for CIWM.

In addition, despite the difficult trading conditions that everyone, including membership organisations such as CIWM, experienced during 2020, robust measures were implemented to minimise the impact of the pandemic and offset the reduction in income from training courses and events. Trustees are confident in the underlying strength of CIWM and its brands, and the balance sheet remains strong with substantial reserves. These will continue to provide the strength and depth to enable CIWM to meet and overcome the ongoing challenges posed by the pandemic and position itself for growth in 2021 and beyond.

Trevor Nicoll CIWM President 2020/21

Together, we stand for a world beyond waste

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RESPONDING TO CHANGE
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2020: rising to the challenge

As the Covid-19 pandemic swept across the globe, CIWM worked continuously to support its members and stakeholders across the sector

During the first three months of 2020, CIWM hit all its targets – then everything changed as the Covid-19 pandemic took hold across the globe. Like many organisations, CIWM faced major challenges as the crisis put pressure on the resource and waste sector like never before.

The campaign highlighted a fact brought to the fore in the previous months – that community sits at the heart of CIWM.

Faced with a previously unimaginable crisis, members and volunteers had come together to support one another like never before, sharing knowledge, ideas and advice, asking and answering questions, and working collaboratively to solve problems.

For CIWM staff, a switch to remote working meant we had to find new ways to connect with members. The ensuing lockdowns created logistical issues for regional and national events and training courses. The day-to-day challenges faced by members also changed. As the weeks progressed, CIWM was quick to shift focus to continue supporting members and the resource and waste management community during unprecedented times.

During the pandemic, CIWM offered three months’ free membership to frontline resource and waste professionals to help support them through difficult times.

“CIWM was quick to shift focus to continue supporting members and the resource and waste management community during unprecedented times”

After a surge in applications, CIWM also awarded 21 new Fellows this year, compared with eight the previous year, to increase the total number by 20 per cent. Among 2020’s successful applicants was Harriet Parke, who is CIWM’s youngest ever Fellow.

Member recruitment

In January 2020, a new member recruitment campaign went live. This was paused in March when the pandemic called for urgent action from members and professionals across the sector, and CIWM’s focus shifted to supporting them in the fast-unfolding ‘new normal’.

Member renewals

CIWM’s annual renewals campaign began in November 2020. For the first time, its promotion highlighted the hardship rate available to members, to raise awareness of how CIWM might be able to offer support with fees to those in financial difficulty.

By September, promotion of CIWM membership was resumed, with a ‘We’re stronger together’ campaign and communityfocused messaging that was relevant for existing members and potential new ones.

Together, we stand for a world beyond waste

NEW MEMBERSHIP BENEFITS

Launch of new member benefits

CIWM launched several new benefits in 2020, some of which proved invaluable to members in the pandemic

Office furniture discounts

As CIWM members pivoted to working from home and holding virtual meetings, CIWM helped them adapt to the ‘new normal’ and furnish their homes or company offices sustainably. A partnership with Rype Office offers CIWM members a 10 per cent discount on as-new chairs, desks, storage and more in the Rype Office furniture shop. Through its circular economy approach, Rype Office reduces waste by remanufacturing used furniture and creating new pieces from waste materials. This results in furniture that looks and performs as new, but with an 80 per cent reduced carbon footprint and at less than half the list price of a new item.

Discounts with DELL

CIWM members can get discounts of up to 20 per cent on DELL laptops, desktops and accessories, as well as free access to its highly trained small business technology advisers for help and advice to grow their business.

HR advice

CIWM members can now access expert HR and employment law advice, risk audits, and topical webinars from consultancy HR Solutions. The member benefit is specifically designed to support managers and supervisors with HR queries at an organisational level.

CIWM Connect

In April, CIWM launched a dedicated online community, CIWM Connect, through which members could share ideas and advice, solve problems, ask and answer questions, and connect with each other. The value of this forum became increasingly obvious during the pandemic, as it allowed members to respond rapidly to the developing Covid-19 crisis. Since its launch, the platform saw 2,669 posts from members in 2020.

CIWM Mentoring

In May, CIWM launched a mentoring platform as part of a programme of work to support members’ career progression and skills, and to encourage them to progress through its grades of membership towards Chartered status. The new platform, CIWM Mentoring, enables those who would like the support of a mentor to connect, in an easy and confidential way, with experienced CIWM members and Fellows, who volunteer their time and expertise to give advice, guidance and coaching. It is designed to support a range of career objectives, from developing leadership and communications skills, to finding effective solutions to specific work challenges or getting help towards achieving Chartered status. Since its launch, we now have 101 mentors registered on the mentoring platform.

Virtual AGMs and online upgrades

CIWM made webinar software available to Centres to support them in running their AGMs. The software was also available to facilitate webinars and virtual meetings at a regional level. The Chartered upgrade process was moved online to support members on their journey to Chartered membership during the spring and autumn upgrade programmes. CIWM also hosted new, informal, online drop-in sessions for members who were interested in upgrading.

Supporting the wider sector

To support resource and waste management professionals during the Covid-19 crisis, the content in CIWM’s online Knowledge Centre was made available to non-members as well as members. A range of articles, webinars and blog posts about mental health were also added to the Knowledge Centre, to support the community in managing the stresses of the pandemic and the switch to remote working.

Together, we stand for a world beyond waste

TRAINING AND CPD

Supporting professional development

Recent updates on learning, apprenticeships and qualifications opportunities

In September, CIWM launched new virtual training programmes based on its most popular face-to-face courses. These provided an option for learners who prefer to learn online as well as ensuring learners were able to access training during the pandemic, when face-to-face courses could not go ahead. The courses are:

Introduction to the management of wastes and resources
Hazardous waste regulations
Hazardous waste classification and coding
Duty of care
Waste legislation update (England)

Also in 2020, Fundamentals of Combustion , modules 1 and 2 – developed by eTech and accredited by CIWM – was added to CIWM’s e-learning portfolio.

WAMITAB integration

In July, CIWM announced that WAMITAB, the awarding body for qualifications in the waste and resources sector, would be more closely integrated into CIWM. The move is designed to strengthen the provision of relevant and fit-forpurpose qualifications, particularly for the resources and waste management sector.

In 2020, CIWM partnered with the Circular Economy Club (CEC) to offer members a 10 per cent discount on its certificated e-learning course Principles and Business Models in a Circular Economy .

In the initial stage of the integration, WAMITAB will continue to operate as usual across all its client sectors, with its own governance structure, but with some streamlining and sharing of resources.

The CEC Certificate is a professional credential offered internationally by the CEC to people aiming to become circular economy professionals. The self-study programme covers a broad range of circular economy topics relating to its principles, design of circular strategies, new business models, and provides a generalist knowledge of other areas of the circular economy, including benefits and barriers. It is suitable for a range of audiences, including students and public and private sector professionals, and consultants looking to master and embed circular economy principles.

CIWM also partnered with Re-Gen Waste to create the ReGen Academy, providing free access to CIWM training and membership for local authority waste teams. Through the Re-Gen Academy, bursaries are to be provided for those working in local authority waste management roles to access a range of training and development services offered by CIWM, including faceto-face training, on-demand e-learning courses, virtual training programmes and CIWM membership. Membership includes access to CIWM’s member-only mentoring platform and online Knowledge Centre.

As work develops to more closely align the operation and future strategies of both organisations, CIWM will consult and communicate fully with staff, members, learners and training providers, and other stakeholders, to strengthen its offering.

In 2020, WAMITAB’s End Point Assessment Organisation became operational for waste and resource operatives, metals recycling general operatives, and safety, health and environment technicians. In the latter part of the year, WAMITAB applied for a series of special adjustments to be approved by the Institute for Apprenticeships and Technical Education, which allowed it to begin remote delivery of assessments. WAMITAB was also instrumental in the trailblazer group responsible for the design of the Healthcare Cleaning Operative Standard. Towards the end of the year WAMITAB completed development for End Point Assessments of the Healthcare Cleaning Operative Apprenticeship, as well as an underpinning qualification designed to support apprenticeship training providers to deliver the off-the-job elements of the standard. Learners are expected to sit first assessments in 2021.

Together, we stand for a world beyond waste

INDUSTRY RECOGNITION

Awards and recognition

In 2020, a number of award wins and shortlistings highlighted the high standard of work achieved by CIWM colleagues during challenging times

Membership communications

At the esteemed Memcom industry awards in September 2020, CIWM achieved wins for its magazine, Circular, and its daily news and insight website, Circular Online, which also includes the member access-only CIWM Knowledge Centre.

Award-winning work

CIWM won the following awards in 2020:

The Memcom awards recognise membership excellence and are among the most anticipated of the year, showcasing innovation and celebrating achievement among membership organisations. Circular Online was awarded Best Website and Circular won Best Magazine Launch or Relaunch. The Circular brand was launched in 2019 to excite and challenge CIWM’s membership – as well as the wider sector – and to set the agenda for resourcessector debate.

Best Website, Memcom Awards: Circular Online
Best Magazine Launch or Relaunch, Memcom Awards: Circular
Best Association Magazine, Association Excellence Awards: Circular
Certificate of Excellence at the Institute of Internal Communication Awards: Circular
Marketing & Communications Executive of the Year, Association Awards UK: Gemma Smith

Association awards

In 2020, CIWM was a finalist in six categories at the Association Awards UK – prestigious, non-profit awards that recognise excellence among trade associations and membership bodies.

As well as CIWM making the final of the Individual Member Association of the Year category, CEO Sarah Poulter was a finalist for Executive Director of the Year, marketing manager Gemma Smith for Marketing & Communications Executive of the Year, and Pat Jennings for Association Executive of the Year.

Circular Online made the final of Best Digital Transformation, while a webinar series that CIWM ran in partnership with SUEZ during the summer lockdown was a finalist in the Best Event (Non-Conference) category.

CIWM was also shortlisted for the following awards:

Executive Director of the Year, Association Awards UK: Sarah Poulter
Association Executive of the Year, Association Awards UK: Pat Jennings
Best Event (Non-Conference), Association Awards UK: CIWM & SUEZ Summer Webinar Series
Best Digital Transformation, Association Awards UK: Circular Online
Individual Member Association of the Year, Association Awards UK: CIWM
Finalist, CMA International Content Marketing Awards: Circular

Case study: webinar partnership

Like many membership organisations, much of CIWM’s member value is delivered through face-to-face events – from national conferences and exhibitions to regional meetings, site visits and social gatherings.

Because of restrictions implemented by the government in response to the Covid-19 pandemic, these events were suddenly put on hold, and CIWM had to quickly find

new ways to engage with its members and deliver tangible value remotely.

By partnering with SUEZ, one of the UK’s leading resource management companies, on a series of interactive webinars, CIWM was able to overcome the challenges it faced in the absence of in-person events and deliver real, tangible value – not only for members, but for the resources and waste sector as a whole.

Through this project, CIWM was able to connect with more than 1,200 professionals in live, topical webinars, with the content extended to include blog posts. This gave those who were unable to attend sessions in real time an opportunity to benefit from the discussion.

The webinar series was a finalist in the Best Event (Non-Conference) category at 2020’s Associations Awards UK.

Together, we stand for a world beyond waste

Knowledge sharing and thought leadership

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EVENTS
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At national and regional levels, CIWM has continued to provide members with valuable ways to engage and continue their professional development

CIWM Centre activity

In March, the North West Centre’s final in-person meeting before the first national lockdown was The problem with plastic , sponsored by TLT Solicitors and Cromwell Polythene. Other notable events included a CIWM and the Institute of Environmental Management and Assessment (IEMA) joint newmember network meeting, and a site visit to Crystal Doors, in Rochdale, to see its new biomass boiler. Fly-tipping and the Environment Bill were on the agenda at the AGM in April, while the Centre delivered a joint event with the Local Authority Recycling Advisory Committee (LARAC) in November, on how the resources and waste strategy will impact the future of waste policy in a post-Covid world.
The North East Centre was active over 2020, hosting a number of webinars. In July, a Let’s talk about asbestos webinar looked at asbestos collections and regulations. In August, it held a new member networking webinar on equality, diversity and inclusion, and in October another focused on people sleeping in bins. A healthcare event was held in November, and the year closed with two more webinars, the first covering litter, Covid-19, artificial intelligence and citizen action, and the second looked at the advanced recycling of plastics, extended producer responsibility (EPR) and festive-season waste minimisation.
The London and Southern Counties Centre held two open meetings before lockdown prevented further gatherings. The first, in January, was focused on urban solutions to waste, recycling and reducing our impact. Speakers presented information on climate effects, consolidation of operations between businesses, borrowing goods rather than buying, improving recycling in flats, and the use of chutes as a collection solution in tall towers. The event also included a visit to Battersea Reach, to see the measures incorporated in a new development. In February, the Centre continued its biennial series of Healthcare Wastes open meetings at

Industry-leading events and conferences

CIWM has 10 regional Centres that organise local events, such as site visits and open meetings, and keep members informed of the latest news, developments and opportunities from across the CIWM network. Centres are fundamental to the membership experience, allowing members to engage with the organisation and to network with fellow sector professionals on a local level. This helps to create a sense of community and shared purpose.

For all the Centres, 2020 was a year like no other. All three of CIWM’s annual national conferences – CIWM Resource Conference Cymru, Resourcing the Future, and the Scottish Resources Conference – were cancelled because of the Covid-19 pandemic.

In place of the CIWM Resource Conference Cymru, CIWM ran a series of four webinars in partnership with the Welsh government – Beyond recycling: a new circular economy strategy for Wales (September 2020); Climate change and the circular economy in Wales (November 2020); Reuse, repair, refill and remanufacture (November 2020); and Circular towns – driving sustainability in the built environment (December 2020).

In November, in place of the Scottish Resources Conference, CIWM ran a webinar exploring how the COVID-19 pandemic has impacted on Scotland and its journey towards a circular economy. A panel of experts from government planning, green finance, behaviour change, local authorities and the private sector presented a ‘health check’ of the resources sector in Scotland, and discussed what needs to happen to build back better, greener and more resilient.

CIWM also ran two webinar series in partnership with SUEZ, exploring a range of topical issues such as compostable packaging, reuse and repair, the role of behaviour change in the success or failure of the circular economy, and future recycling collection systems and materials quality.

In total in 2020, CIWM ran more than 50 webinars, with 8,365 registrants – 5,203 of whom tuned in live.

Together, we stand for a world beyond waste

EVENTS

Hillingdon Hospital. Presentations covered a potential network approach to recycling, the new UN numbering system for Category A contaminated wastes, international perspectives, and management of healthcare wastes. Webinars organised by the Centre in 2020 covered topics including carbon from waste, Covid-19 resilience and recovery, and the future of waste digitisation.

The Midlands Centre Council met virtually online six times during 2020, to plan webinar events, comment on head office proposals, and consider regional issues. It also adopted a carbon-reduction plan, which means online meetings are likely to continue in 2021/22, with the goal of reducing carbon emissions and increasing participation. Free online webinars included a joint event on environmental waste crime with the South West and Cymru Wales Centre Councils. Others covered the circular economy, waste collection vehicles, and recyclate contamination. A drop-in webinar was also held to give Midlands members a chance to express their views on local and national issues and governance. This successful event is now set to become a standard part of the Centre’s annual activities.
In February 2020, the East Anglia Centre ran a successful Love Waste event at Waterbeach. Peter Lennard, from the Environment Agency, gave a talk titled Love waste compliance, hate waste crime . Emma Cheetham, of waste management specialists Elleteq, also spoke about how to Love your staff , while Lisa Hathway, of the National House Building Council, gave advice on Coping with mental health in the workplace . In December, the Centre delivered a webinar on The menace of littering , with speakers Andrew Kemp (from Littercam), Helen McFarlane (McDonald’s), Gavin Ellis (Hubbub) and David Proctor (Milton Keynes City Council).
The South West Centre arranged five webinars in 2020, with the presentations made available afterwards in its online resource library. Highlights included a first ever three-host event with the Midlands and Cymru Wales, on illegal waste, and one with the South West Waste Recycling Forum, on food waste. Other topics covered by webinars included: a member briefing during the first wave of the pandemic in April; digital innovation; cutting carbon and delivering resource and waste efficiencies; food waste; and a new-member networking event in December, complete with a waste and environment themed ‘pub quiz’.
In addition to regular meetings with the Welsh government and the Welsh Local Government Association, Cymru Wales Centre Councillors participated in meetings with: ICE Waste Infrastructure Alliance; the Welsh Environmental Services Association; and groups including the Welsh government Litter Task Force, CIWM Centre Chairs, and the Members’ Council. In place of the Resource Conference Cymru, the Centre – in partnership with CIWM HQ and the Welsh government – produced a series of webinars. These included: an investigation into the concept and outcomes of circular towns; a debate about how to build on the excellent recycling work in Wales to progress further up the waste hierarchy; a review of the responses to the Welsh government’s strategy to

make the circular economy a reality; and an investigation into climate change and the circular economy in Wales. CIWM Cymru Wales joined the Midlands and South West to co-host the webinar on reducing the UK’s illegal waste footprint.

In June 2020, the Northern Ireland Centre held a joint webinar on litter and fly-tipping with the Republic of Ireland Centre. Mark Cherry, head of enforcement at the Northern Ireland branch of the Environment Agency, provided insight into the challenges ahead, while Ian Humphries, chief executive of Keep Northern Ireland Beautiful, outlined current issues and potential next steps. Emlyn Cullen, programme manager at the environmental education unit of An Taisce, The National Trust for Ireland, spoke about anti-litter initiatives. Community-based case studies from Northern Ireland and the Republic were provided by Jim Bradley, of the Belfast Hills Partnership, and Cormac McCarthy, of Ennis Tidy Towns. In October, the Centre held an online membership upgrade workshop, and it responded to a number of consultations throughout the year.
The Republic of Ireland Centre – in addition to the joint webinar on litter and fly-tipping with the Northern Ireland Centre (see above) – organised a webinar in December focusing on climate change and resource management. The Centre also made submissions to consultations on developing national end-of-waste standards for quality compost and digestate, guidance on by-products, end-of-waste guidance, and deposit and refund schemes. Ongoing work includes contributions to consultations on: access to information on the environment; best practice for the preparation of resource management plans for construction and demolition projects; and the launch of the circular economy strategy consultation and grant scheme.

Together, we stand for a world beyond waste

SELECT STATISTICS

2020 in numbers

50+ 30+ 20+ 20+ advisory panels, working formal and informal collaborative technical and national and regional press, groups and policy networks consultations policy initiatives and events radio and TV mentions and with CIWM representation media briefings

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242,893
unique users on
Circular Online 23,741
followers on social
52
webinars
1,122
new LinkedIn followers
2,669 402
posts on Connect topics on Connect
8,445
registered to
attend webinars 101
221 188
mentors registered on the
professionals completed delegates on Mentoring platform
CIWM e-learning courses scheduled courses
73
98
delegates on
virtual training 71
5,258 members approved
for chartered status
attended webinars EPOC certificates awarded
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Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

Impact and influence: CIWM’s policy and technical work

With 2020 bringing an unprecedented range of challenges, CIWM’s Policy and Technical work was shaped by a collaborative drive to deliver for its members and the environment

The beginning of 2020 saw the CIWM Policy and Technical team focusing on waste crime, with the launch of the Joint Unit for Waste Crime (JUWC), a new interagency body bringing together UK regulators, the police, the National Crime Agency, and HM Revenue and Customs. CIWM president Trevor Nicoll was invited to sit on the JUWC Advisory Board, and CIWM worked with the unit, as well as Defra, ESA, and other key stakeholders, to run a series of free waste crime webinars.

Plastic waste was also under the spotlight during the first quarter, and CIWM participated in a collaborative project to assist the Department for International Development (DfID) in the development of the scope and rollout of a major circular economy and plastics programme. The project partners (CIWM, Professor David Wilson, Tearfund, WasteAid, WRAP, WRI (PACE), and WWF, in consultation with the Ellen MacArthur Foundation and Dr Costas Velis, University of Leeds and Chair of the ISWA Task Force on Marine Litter) produced and presented a detailed concept note, which was well received by the DfID.

COVID-19 response

The period from February to July was, unsurprisingly, increasingly taken up by the COVID-19 pandemic. As the seriousness of the situation became apparent through late February and early March, CIWM and CIWM centres in Wales, Scotland, Northern Ireland and the Republic of Ireland (ROI) were invited as key stakeholders by the UK and ROI governments to be part of regular sector-wide COVID-19 contingency planning meetings. On these calls, CIWM and other sector bodies inputted into contingency planning and guidance including:

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The response to the pandemic dominated much of 2020
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The importance of waste management was underlined in 2020
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Ensuring that waste management was seen as an essential sector and was included in the critical worker provisions
The extensions to drivers’ hours regulations, and driving tests and MOTs for heavy vehicles
Developments from a regulatory perspective, including temporary regulatory positions
Guidance on health and safety measures – for example, Waste Industry Safety and Health (WISH) and on the relaxation of some lockdown measures, such as the reopening of household waste recycling centres (HWRCs)

This meant that by the end of March, the main elements of the COVID-19 contingency planning framework for the sector were clear, and CIWM had set up a system for daily COVID-19 member updates where required, as well as a full weekly briefing in the Member Newsletter. This covered not only specific COVID-related updates linked to resources and waste issues, but also general business support measures as they were introduced.

One of the most important internal steps CIWM took was to create the CIWM COVID-19 Advisory Group, calling in experts from across CIWM’s Special Interest Groups (SIGs) and networks in key areas including healthcare and hazardous waste management; local authority collections and recycling; transport and logistics; planning; and waste treatment. The first meeting took place on 7 April, and throughout 2020 the group helped to shape CIWM’s work and thinking, informing our input to the UK governments on a range of important questions around the impact of the pandemic on the sector. This included issues such as access to testing, availability of personal protective equipment (PPE) and PPE litter, guidance on

Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

reopening of HWRCs, regulatory issues, and feedstocks challenges in parts of the recycling supply chain.

We also used our trustees and presidential team as a regular sounding board, and president Trevor Nicoll wrote to Michael Gove, Minister for the Cabinet Office, and George Eustice, Defra’s Secretary of State for Environment, Food and Rural Affairs, to request that the waste sector was included on the list of essential industries. CIWM also liaised closely with WISH to provide feedback from CIWM’s membership while the guidance for the resources and waste sector was developed, and to ensure that the successive iterations of the guidance were made available and disseminated.

As the first wave of the pandemic took hold, local authority collection services were hit with staff absences, while commercial and industrial (C&I) waste collection companies were furloughing staff as business demand plummeted. Looking to match up spare capacity in the C&I waste sector with additional resource needs of local authorities, CIWM developed the WasteSupport platform, with cross-sector support from the Association of Directors of Environment, Economy, Planning and Transport (ADEPT), the Environmental Services Association (ESA), the Local Authority Recycling Advisory Committee (LARAC), the London Waste and Recycling Board (LWRAB, now renamed ReLondon), the United Resource Operators Consortium (UROC) and WRAP, in discussion with Defra.

The service aimed to provide an online sharing forum that enabled local authorities facing resource challenges to indicate where they need service capacity support, as well as other requirements such as PPE or vehicle maintenance engineers. In turn, commercial waste collection firms with surplus capacity could use the platform to indicate those services they were able to supply, thereby providing a ‘virtual marketplace’ to facilitate sharing.

Engagement on the NHS Test and Trace system and its potential impact on service provision if cases of self-isolation were to rise

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Many local authorities faced resource challenges
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significantly, were on the agenda during early May and, as UK border controls were implemented, CIWM fed into the thinking around exemptions for those coming into the UK who had specialist skills to help keep waste management plant and facilities functioning. Later in the month, as talk turned to the easing of lockdown, CIWM was receiving a number of calls from various sectors – from construction to chiropractors – about managing occupational ‘social distancing’ PPE. While we commissioned assistance from one of our healthcare experts to advise the chiropractic community and to produce a podcast about managing non-healthcare PPE, CIWM also flagged up to government the need for guidance for the business community as a whole on the disposal of social distancing PPE as the economy started opening up. The result was official guidance (for England) on how to dispose of personal or business waste, including face coverings and PPE, during the coronavirus pandemic, which was published in early July.

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CIWM offered advice on occupational PPE disposal
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By the end of June, CIWM issued its final full weekly COVID-19 briefing as the first lockdown started to ease: in total,14 detailed weekly briefings had been issued, as well as more than 20 daily updates sent to communicate sector-relevant information as it emerged. Attention then turned to learning the lessons from the first wave of the pandemic in order to prepare for winter 2020, and a major collaborative research project was launched with the University of Exeter to document how the sector had responded so far, assess what was immediately needed for further preparedness for the second half of 2020, and explore longer-term sector resilience.

The research was based around workshops held in the four UK countries, with invitees from the relevant government departments; regulators; local authority, private and healthcare sector professionals; third sector representatives; and health and safety experts. These were supplemented where necessary with specific interviews and covered topics including:

Contingency planning, key stakeholder engagement, guidance and communications
Service delivery, including early warning of disruption and how the sector was affected by COVID-19 policy measures – such as key worker status and regulatory easements
Staffing and resources, including staff absence and redeployment, and operational health and safety considerations

Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

Access to data
Ongoing economic and environmental impacts.

The resulting report, The UK Waste Sector COVID-19 Response and Resilience Report , also forms part of a larger and longer-term COVID-19 Waste Project funded by the Economic and Social Research Council as part of UK Research and Innovation’s (UKRI) rapid response to COVID-19, and led by the University of Exeter, in collaboration with the University of Nottingham, King’s College London, the Open University and CIWM.

Collaboration and change

As 2020 rolled on, CIWM joined the Indirect Procurement Human Rights (IPHR) Forum’s Waste and Recycling Working Group. The IPHR Forum is a group of UK retailers, brands and manufacturers with a common vision to protect and respect human rights, and the Waste and Recycling Working Group was formed to understand and address human rights issues in the sector.

Energy from waste (EfW) was high on the agenda too, and chair of CIWM’s Thermal Treatment SIG Paul James produced a detailed and thorough response to the Sustainable Resource Forum’s Energy from Waste inquiry. On the back of this, CIWM partnered up with sponsors FCC Environment and Policy Connect to deliver a webinar, chaired by Lord Teverson, then chair of the House of Lords EU Energy and Environment Committee, that explored the issues and opportunities raised.

Other major strands of long-term work were also initiated, with CIWM starting on its net zero journey by signing up to the Pledge to Net Zero. A major review of CIWM’s Scientific and Technical (S&T) Committee and SIGs got under way, led initially by a working group comprising Trustees and representatives from the Members Council and S&T Committee representatives. The aim of the review, which is still ongoing, is to ensure that CIWM is a ‘powerhouse’ of knowledge and expertise for the sector in the future. A proposed new structure was considered by the Board of Trustees in November and then presented to CIWM SIGs and centres.

In September, CIWM teamed up with WRAP to participate in an Institute of Materials, Minerals & Mining (IOM3) podcast on recycling to mark Recycle Week, and was invited to be part of a multi-stakeholder initiative by the Institute of Grocery Distribution (IGD). The IGD Sustainable Packaging Systems Working Group was convened to create a new shared ambition for the industry

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and develop a roadmap to reduce the environmental impacts of all packaging systems.

Organics and soils were hot topics in 2020, and CIWM joined a SocEnv Soils and Stones Task Group, along with a number of CIWM members, to produce a document that highlights soil and stones as resources to be managed for the benefit of the environment and soil health. As a member of the Organics Road Map Advisory Group, CIWM has also contributed to work being taken forward under WRAP’s Quality Action Plan and Food Waste Strategy, culminating in the development of a roadmap for organic biomass material usage that protects the environment and gives the material value. This complemented work being done by CIWM’s Biological Treatment SIG on the Environment Agency’s Appropriate Measures consultation, which incorporated the waste treatment BREF requirements for organics.

Other autumn activity included a Waste Prevention SIG meeting organised to provide feedback to Defra on the shaping of the draft Waste Prevention Programme that was expected for consultation, and CIWM also contributed to guidance developed by the Royal Institution of Chartered Surveyors (RICS) for landlords and tenants to help ensure that they do not become victims of illegal waste activities and abandoned sites.

CIWM continued to host the International Solid Waste Association’s (ISWA) UK National Committee meetings, and ISWA’s Biological Treatment of Waste Working Group produced a series of reports under their soil project, with a leading contribution from CIWM members. There were reports on the production and benefits of compost and anaerobic digestate, along with a report quantifying the benefits of compost for soil, including a financial analysis. The reports were authored by the group’s vice-chair, Dr Jane Gilbert, who also participated in the webinars that accompanied the project. Dr Anne Woolridge, as chair of the ISWA Healthcare Waste Working Group and vice-chair of CIWM’s Healthcare Waste SIG, was involved in a major project and report on the Assessment of the Cytotoxic Waste Management in Western Balkan Countries , which sets out guidance for managing cytotoxic waste. Another CIWM member, Ian Dudding, took over the chair of ISWA’s Waste Collection and Transportation Working Group.

As well as continuing to sit on the government’s Resources and Waste Strategy Advisory Board, CIWM also contributed to Defra’s

Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

Resources and Waste Targets Stakeholder Forum, and joined an active and ongoing stakeholder engagement process with Defra to prepare for the second round of consultations on packaging extended producer responsibility, deposit return schemes and consistency in household and business waste collection. CIWM also continued to work with the government to inform planned changes to the regulatory framework for waste carriers, brokers and dealers. As a member of Defra’s Industry Data Group, the Policy and Technical team also continued to provide input into improving data around waste and resources, including the development of the electronic waste tracking system and the National Materials Datahub.

In November, CIWM’s Regulation SIG and other CIWM experts contributed to the Environment Agency’s consultation on nonhazardous and inert waste appropriate measures guidance, covering all treatment processes needing to incorporate the waste treatment BREF requirements. Dr Anne Woolridge participated on CIWM’s behalf in a facilities management event in November, covering issues related to healthcare waste management and the COVID-19 pandemic. CIWM president Trevor Nicoll was interviewed by Skip Hire magazine about the key developments and issues impacting on the sector during 2020, and as the year drew to a close, a series of presidential podcasts was organised by CIWM’s professional development manager Claire Poole. These gave members a chance to hear the full CIWM presidential team giving their views on ‘big think’ topics including ‘Consumerism and waste’ and ‘Waste as a Utility’.

Communications in COVID-19 times

Consultation Responses 2020

The Policy and Technical team, along with CIWM’s UK country centres, responded and submitted evidence to more than 20 consultations and Select Committee enquiries during 2020, including:

and Power: the route to 2050 Call for Evidence

Northern Ireland

CIWM Northern Ireland response: DAERA Waste Prevention Programme 2019

England/UK

CIWM response: Defra Draft Waste Management Plan for England
CIWM Northern Ireland response: DUP Policy Consultation Paper: Future Infrastructure
CIWM response: Ministry of Justice Departure from retained EU case law by UK courts and tribunals

ROI

CIWM and IOM3 submission: Comprehensive Spending Review 2020
CIWM Ireland response: Deposit Return Scheme – Consultation on Potential Models for Ireland
CIWM response: Sustainable Resource Forum Energy From Waste Inquiry 2020

Scotland

CIWM response: Waste Quality Protocols Review – Biowaste
CIWM Scotland response: Draft Infrastructure Investment Plan 20212022 to 2025-2026
CIWM response: Basel Convention
Technical Guidelines on the Environmentally Sound Management of Plastics Waste
CIWM Scotland response: Scottish Government Just Transition Commission Call For Evidence
CIWM response: HMRC Plastic Tax policy design
CIWM Scotland response: Scottish Government Infrastructure Investment Plan 2021-2026
CIWM response: Environment Agency Appropriate measures for biological treatment of waste
treatment of waste • CIWM Scotland response: Scottish
• CIWM response: BEIS Combined Heat Government The management and

Disposal of Polychlorinated Biphenyls (PCBs) in Scotland

CIWM Scotland response: SEPA Revised guidance regarding provision and assessment of technically competent management at licensed waste management facilities
CIWM Scotland response: Scottish Government Draft Strategy for Environment, Natural Resources and Agriculture Research 2022-2027
CIWM Scotland response: SEPA Consultation on the revised guidance on the use of enforcement action
CIWM Scotland response: SEPA Non-Hazardous Landfill Permit Consultation
CIWM Scotland response: SEPA Consultation on amendment of the conditions allowing the receipt of radioactive waste and contaminated items

Wales

CIWM Cymru Wales response: Reducing Single Use Plastic in Wales
CIWM Cymru Wales response: Beyond Recycling

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FINANCIAL STATEMENTS

Chartered Institution of Wastes Management (CIWM) (incorporated by Royal Charter)

Trustees’ report and consolidated financial statements

Registered company number RC000777

A charity registered in England and Wales (1090968) and in Scotland (SC037903)

31 December 2020

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FINANCIAL STATEMENTS

Trustees’ report for the year ended 31 December 2020

General Council members, key management personnel and advisers

General Council members

Members of General Council who are the Trustees of the Chartered Institution of Wastes Management and who all served in office throughout 2020, and up to the date of signature of the financial statements, except where indicated, were:

TJ Nicoll FCIWM

AD Read FCIWM CEnv

AL Willetts FCIWM

E Kiernan FCIWM CEnv J Kutner FCA CTA FCIWM DAP Cooke FCIWM W Hubbard MCIWM T Walker FCIWM CEnv V Hughes FCIWM L Parkes FCIWM L Ward MCIWM M Gover MCIWM D Simpson FCIWM

President (in post until 29.06.21), Immediate Past President (in post from 29.06.21)

Senior Vice President (in post until 29.06.21), President (in post from 29.06.21)

Junior Vice President (in post until 29.06.21), Senior Vice President (in post from 29.06.21)

Immediate Past President (in post until 29.06.21)

Honorary Treasurer Junior Vice President (in post from 29.06.21)

(in post from 29.06.21)

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FINANCIAL STATEMENTS

Trustees’ report (continued)

Key Management Personnel

SL Poulter Group Chief Executive

CP James FCIWM Chief Executive – WAMITAB- in post until 31.07.20

Registered office address

Quadra 500 Pavilion Drive Northampton Business Park Northampton NN4 7YJ

Website: www.ciwm.co.uk

Advisers

Bankers:

HSBC Bank Plc 500 Pavilion Drive Northampton Business Park Northampton NN4 7YJ

National Westminster Bank PLC 41 The Drapery Northampton NN1 2EY

Solicitors :

EMW Law Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR

Investment managers Brewin Dolphin Limited 12 Smithfield Street, London, EC1A 9BD

Rathbone Brothers PLC 8 Finsbury Circus, London EC2M 7AZ

Auditors:

Moore Kingston Smith LLP Devonshire House, 60 Goswell Road, London, EC1M 7AD

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FINANCIAL STATEMENTS

Trustees’ report (continued)

The General Council present their report and audited consolidated financial statements of CIWM and its subsidiaries for the year ended 31 December 2020.

OBJECTIVES AND ACTIVITIES

Charitable Objects

The stated Objects of the CIWM Group are to advance for the public benefit, the art and science of wastes management worldwide and so to promote education, the protection of public health and the preservation of the environment, and for that purpose to further promote and maintain good standards of practice, competence and conduct by all its members.

The Wastes Management Industry Training and Advisory Board (WAMITAB) became a subsidiary of CIWM on 25 July 2016. It is a registered charity and its stated Objects are to advance education in the sciences of waste management, waste disposal (including waste contracting, processing, management, recycling and transportation) and ancillary sectors including but not limited to facilities management, for the public benefit in both the United Kingdom and worldwide.

Charitable purposes that provide benefit to the public are defined by the Charities Act 2006. The Charity Commission have issued guidance concerning the sort of charitable activity that might fall within each of the charitable purposes defined by the Act including examples of the type of charity that might carry out appropriate activities.

The General Council has reviewed the definitions in the Act and considers that the Charitable Objects of CIWM fall within three of the charitable purposes, namely:

the advancement of education;
the advancement of environmental protection or improvement; and
the advancement of health.

The Trustees of WAMITAB have reviewed the definitions in the Act and consider that the Charitable Objects of WAMITAB fall primarily within one of the charitable purposes, namely the advancement of education. However, they also consider that the advancement of education in the resources and waste sector contributes to two other charitable purposes defined in the Charities Act 2006, namely:

the advancement of environmental protection or improvement; and
the advancement of health.

The General Council of CIWM have also reviewed the guidance issued by the Charity Commission and consider that the activities of the CIWM Group comply with the criteria stated in that guidance for each of the respective charitable purposes noted above.

Objectives, Aims and Intended Impact

CIWM’s vision is making the best and safest use of resources to protect and enrich life on our planet. Our mission is to influence, inform and inspire the sustainable management of resources and waste.

This we seek to do through the promotion and development of:

continuous improvement in and the maintenance of high standards of professionalism in sustainable wastes and resources management; and
relevant and high quality qualifications and learning to support career progression, skills and technical competence in the facilities management and sustainable wastes and resources management sector.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

Objectives, Aims and Intended Impact (continued)

The CIWM Group’s objectives for both the immediate future and in the longer term, are to:

advance the scientific, technical and practical aspects of resources and wastes management for the benefit of the environment;
promote high standards of practice, competence and conduct across the sector;
promote the importance of independently recognised professional competence; and
raise awareness and understanding of resource and waste issues amongst all sectors of society both within the United Kingdom and internationally.

Within this, WAMITAB’s objectives are to:

promote and award qualifications and learning that underpin high standards of education, practice and competence across the sectors it serves;
promote the importance of independently recognised qualifications and standards of competence;
develop and support systems for the assessment and award of apprenticeships;
advise environmental regulators on skills and qualifications in support of technical competence;
influence the development of policy for new education frameworks and qualifications; and
research, devise and develop qualifications and learning products to support skills and learning requirements in relevant adjacent industry sectors of the UK and overseas.

The objectives set for each year reflect these educational, research and environmental aims and the importance placed both on supporting individual learners in their work and educational development and also on raising standards and competence throughout the resources and wastes management industry and broader facilities management industry.

The General Council planned to review the CIWM Group five-year Strategy in early 2020. This work was delayed due to the impact of Covid-19 and the need to focus on delivering immediate services for members and the wider sector whilst securing the financial stability of the organisation.

In setting the CIWM Group’s objectives and in planning the Group’s activities the General Council have given careful consideration to the Charity Commission’s general guidance on public benefit and to its supplementary public benefit guidance on fee-charging. The General Council confirms that Trustees have complied with the duty in Section 17 of the Charities Act 2011, to have due regard to the Charity Commission’s general guidance on public benefit, including the guidance “Public benefit: running a charity (PB2)”.

Principal activities

CIWM delivers its aims and objectives through different activities, most of which, because of their relevance and importance, remain constant from year to year.

As a membership organisation, CIWM remains dedicated to seeking to improve the member experience and provide members with the tools and support to achieve success in their jobs and careers, including through qualifications and skills solutions promoted and awarded by WAMITAB.

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FINANCIAL STATEMENTS

Trustees’ report (continued)

Principal activities (continued)

CIWM works collaboratively internally and externally to share knowledge and good practice and to provide solutions for members, learners, customers, employees and the environment.

CIWM seeks to operate its organisation ethically and professionally with excellent customer service. It promotes, maintains, improves and recognises professional standards in the sector; and, through WAMITAB, promotes and awards qualifications and learning. In all its work, CIWM endeavours to be forward-thinking and innovative in how it develops and implements service and policy ideas, ensuring value for money for members, learners, and customers.

CIWM has a strong outward facing role, focussing on using the knowledge, credibility and authority it derives from its members to:

influence policy and regulatory developments affecting the resources and waste management sector in the UK and Ireland;
influence the sustainable performance of other industry sectors and of society generally; and
help to show the sector in an accurate and positive light in the media and in direct communications.

Work in these areas includes;

working closely with representatives of government departments and agencies to inform and influence policy and regulatory developments in England, Ireland, Northern Ireland, Scotland and Wales and in the UK as a whole;
working with partners to inform and influence policy and regulatory developments in the EU and more widely;
supporting government at central, devolved and local levels, their agencies and other organisations in the delivery of projects with relevant outcomes including the improvement of environmental quality; waste reduction; the establishment of improved reporting and monitoring methodologies and systems; and relevant qualifications and skills solutions; and
working in collaboration with relevant partners to establish, promote and deliver technical research, relevant training and educational resources, and professional competence schemes and learning for the industry.

General Council and members generally are encouraging and supporting the CIWM Group to develop and extend collaborative working arrangements, whether formal or informal. Such partnerships are enabling and, will enable, the Group to use its own resources to leverage assistance from others to strengthen, widen and extend the scope and reach of all its activities so as to deliver the maximum possible impacts.

Volunteers

The General Council is grateful to the large number of members (estimated to be in excess of 400) who support and contribute to the organisation’s work through their service on committees, Special Interest Groups, Centre Councils, and Working Parties and in representing the Group on other outside bodies and organisations. This commitment by volunteers enables the CIWM Group to draw on a depth and breadth of knowledge of resources and waste management and of other pertinent sectors and competencies which is unrivalled; and which establishes and enhances CIWM’s status, reputation and influence.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

ACHIEVEMENTS AND PERFORMANCE

Activities undertaken during the year

The CIWM Group has sought to deliver the objectives and activities outlined above by undertaking a variety of specific initiatives and activities during the year, many in partnership with other organisations. Further details about these are given in the Annual Review section of this document.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Trustees are pleased to be able to report a consolidated net operating deficit of only £137,288 (2019 surplus: £81,191)before restructuring costs of £271,358, despite the very significant impact of the Covid-19 outbreak on the operations. This reflects the commitment and hard work put in by Trustees, Centres, and staff to address the challenges which arose. The budget for the year 2020 was set to show a small surplus and up to the end of March the actual results were on budget. The impact of the Covid-19 outbreak resulted in a reduction in income from training courses and events. In response, some staff were furloughed, on-line events and courses developed, and robust alternative business plans were put in place to contain that impact.

The restructuring costs arose from the decision by the Trustees of CIWM and WAMITAB to merge and this resulted in restructuring costs in the 2020 accounts of £66,229 for CIWM and £205,129 for WAMITAB and will incur a further total cost of around £160,000 in 2021. Trustees are confident that the merger will result in significant annual savings going forward and will improve the efficiency of the operations of the merged organisation and open new opportunities.

Trustees remain confident in the underlying strength of CIWM and its brands, and the Group consolidated balance sheet remains strong with substantial accumulated financial reserves which provided the strength and depth to enable it to meet and overcome the challenges which arose by the unforeseen outbreak of the Covid-19 virus.

Although the impact of the Covid-19 outbreak continued to impact the first half of 2021, the forecast for the full year is still in line with the original budget of around a break-even for the year. Even on a worst case scenario the Trustees do not consider that there would be a deficit significantly greater than 2020 and are confident that the CIWM has sufficient reserves to enable it to continue operations for the foreseeable future.

Presenting the results for each part of the Group separately:

CIWM (including CIWM Enterprises Limited) has recorded net operating expenditure (a deficit) on Unrestricted General Reserves for the year of £205,530 after allowing for restructuring costs of £66,229; the comparative for 2019 was a deficit of £14,509 (please see the detailed 2019 Statement of Financial Activities).

The Gala Dinner and the London Centre Christmas Lunch, which are deemed to be non-charitable activities, are the only activities in CIWM Enterprises. Due to the Covid-19 pandemic these events did not run in 2020. CIWM Enterprises, therefore, closed the financial year end 31 December 2020 with a deficit of £999; the comparative for 2019 was a surplus of £65,315.

WAMITAB has recorded a net operating deficit of £182,043 after allowing for restructuring costs of £205,129; the comparative for 2019 was a surplus of £95,700.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

FINANCIAL REVIEW AND RESULTS FOR THE YEAR ( continued )

Including the grant of £21,073 from the Scottish Waste Award restricted fund, the results for the CIWM Group as a whole (CIWM, CIWM Enterprises and WAMITAB) are, therefore, to record a net operating expenditure (a deficit) of £408,646; the comparative for 2019 is £81,191 net operating income (a surplus).

WAMITAB’s results and reserves are shown as a Restricted Fund because it is a registered charity in its own right and its reserves can only be expended in furtherance of its charitable objectives. WAMITAB’s income and expenditure for the year is, therefore, recorded separately from the other results of the CIWM Group and is shown in a separate column.

After recognition of realised and unrealised investment gains of £113,515 (2019: £507,294 net gains), the net consolidated expenditure (a deficit) to be transferred to all reserves was £295,131 (2019 net consolidated income £1,076,795) which means that the CIWM Group consolidated funds have decreased from £7,075,497 to £6,780,366.

Reserves policy

The total unrestricted funds (that is the Designated funds and the General Funds) held by the charitable group as at 31 December 2020 were £3,685,736 (2019: £3,717,034). This excludes funds held by WAMITAB which are shown as Restricted because they can only be used in furtherance of the charitable purposes of this separate charity.

Reserves are required to provide the charity with a firm financial foundation and to provide the stability required to fund day-to-day operations. They also provide the funding for future investment whether on essential capital requirements to support the operational delivery of the charity’s aims and purposes, or on the research and development of new activities or longer term initiatives.

The Trustees have reviewed the reserves of CIWM taking into account relevant factors, including:

forecasts for levels of income for the current and future years, taking into account the reliability of each source of income and the prospects for developing new income sources;
forecasts for expenditure for the current and future years on the basis of planned activity;
• analysis of any future specific financing needs, for example to maintain and replace tangible and intangible fixed assets
their best current estimate of the financial effect of the disruption caused by the Covid19 outbreak; and
the financial impact of the decision to merge CIWM and WAMITAB

Based on this detailed review, Trustees have concluded that reserves at a value of approximately £1.5 million are required to finance the charity’s day-to-day operations.

Free reserves exceed this minimum level by £2,039k. The Trustees are carrying out a detailed consideration of how to utilise each year some of the reserves in the furtherance of their objectives and are proposing to allocate an amount each year to specific projects. This review will be completed after the merger of CIWM with WAMITAB when the extent of the reserves and amounts required to be retained for day-to-day activities can be considered.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

Investment policy and objectives

CIWM and WAMITAB each hold a portfolio of investments for which Trustees obtain expert investment management advice from the respective discretionary investment managers.

CIWM’s policy is medium risk with the portfolio being invested primarily to obtain the most effective capital protection and capital growth over the longer term, with the objective of maintaining the capital value allowing for changes in the Retail Prices Index - that is, to grow the capital value over time above the rate of inflation.

WAMITAB’s investment policy is medium risk emphasising both capital appreciation and income growth with an overarching target to provide a total return of, at least, RPI plus 3%.

All investment income received on both portfolios is also reinvested.

Investment performance against objectives

CIWM’s investment portfolio has been managed throughout the year by Brewin Dolphin and WAMITAB’s by Rathbone Brothers PLC. Both investment managers are appointed on a discretionary management basis. During the year the Trustees of CIWM and WAMITAB received investment performance information and other general investment advice and comment from the respective discretionary investment managers.

The two portfolios generated investment income of £103,490 (2019: £97,600) which was re-invested. The investment portfolios recorded unrealised gains for the year which total £100,710 (2019: unrealised gain £513,877). Disposals of investments made during 2020 from the two portfolios resulted in realised gain of £12,805 (2019: realised loss £6,583).

In addition to the CIWM Group’s listed investments, CIWM also holds 8,456,450 Ordinary Shares in Ditto AI Limited as an unlisted investment. Ditto AI Limited is a software development company specialising in artificial intelligence platforms developing products for use in the finance, law and healthcare sectors. Trustees have reviewed this investment and found it prudent to retain the carrying value at £297.

Risk Management

General Council is responsible for the management of the risks faced by the CIWM Group. Detailed considerations of risk are delegated to the Senior Management Team. Trustees and senior managers recognise the importance of identifying risks and establishing systems and procedures to mitigate those identified; and this process is embedded in the charity’s business planning which includes regular reviews and assessments of risks.

The following key controls are used by CIWM to help to mitigate the risks:

formal agendas and detailed minutes for all Committee and Board activity;
detailed terms of reference for all Committees, Boards etc;
formal external training on roles and responsibilities for all Trustees and senior staff;
comprehensive strategic planning, budgeting and management accounting;
established organisational structure and lines of reporting with clear authorisation and approval levels; and
regular monitoring and review of Disaster Recovery Plan and Business Continuity Plan

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

Risk Management (continued )

Appropriate record keeping is maintained, including a Register of General Councillors’ Interests.

The Audit Committee reviews the financial risks of CIWM. Moore Kingston Smith LLP, as part of their audit, provide management reports to the trustees, advising on recommendations to improve internal controls.

Trustees confirm that appropriate systems have been established to mitigate other risks identified; but recognise that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

FUTURE PLANS

Despite the significant impact of Covid-19 on the 2020 business plan the General Council and Senior Management Team maintained the commitment made in January 2020 to create a new CIWM strategy.

Due to the impact of Covid-19 this work was divided into two parts, a short term business plan to guide the organisation to achieve its short term goals in 2021 and a medium term strategy outlining the strategic plan for 2021-2024. The strategy will be published in Autumn 2021.

WAMITAB Integration into CIWM

Included in the short term business plan is the implementation of the merger of WAMITAB fully into CIWM.

In early 2020 CIWM and WAMITAB Trustees commissioned a project to assess the future of WAMITAB as part of the CIWM Group. This included considering whether it is in the best interest of both charities to fully integrate the two organisations. Following this assessment WAMITAB and CIWM Trustees approved a project to fully integrate WAMITAB into CIWM and the Charity Commission approved the proposed merger in November 2020.

This project started in December 2020 with restructuring across the CIWM and WAMITAB teams. In March 2021 the WAMITAB office was closed and all staff were moved to the CIWM office in Brackmills. In April 2021 CIWM submitted its application to the education regulator to become an awarding body in anticipation for moving the qualifications portfolio from WAMITAB to CIWM. During the Summer the finance systems of the two organisations will be merged and a decision will be made on the branding of the qualifications. It is anticipated that the project will conclude by the end of 2021 when WAMITAB will be wound up and all activities, assets and liabilities will transfer to CIWM.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Trustees’ report (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity was formed in 1898, incorporated as a company limited by guarantee in 1908 and from 1981 was known as the Institute of Wastes Management. On 1 March 2002 it was granted a Royal Charter of Incorporation and was renamed the Chartered Institution of Wastes Management and, for the purposes of the Charities Act 2011, is a charitable company (registered company number RC000777) and has no share capital. It is registered with the Charity Commission in England and Wales under charity number 1090968 and with the Office of the Scottish Charity Regulator under charity number SC037903.

CIWM’s governing instruments are the Royal Charter, its Bye-Laws, Regulations and Practice Directions sealed on 1 March 2002 . Minor changes were made to the Practice Directions in 2020 to allow CIWM to deliver its Annual General Meetings, both for CIWM and the CIWM Centres, via video conference facilities. This resulted in a higher than average attendees for the CIWM AGM in September 2020 with 35% of the attendees declaring that they had not been to a CIWM AGM before and 91% of attendees requesting that the CIWM AGM be online in the future.

2020 was the first full year with both the newly formed General Council and Members’ Council in place and all meetings, including a joint meeting between the Members Council and Trustee Board, took place using video conferencing software allowing the Councils to continue to move the organisation forward.

Terms of two of the Trustees were extended into 2021 to ensure consistency and stability during the pandemic and to align the terms with the Presidential Inauguration which was moved from November 2020 to June 2021 due to Covid-19.

The governing documents can be viewed on CIWM’s website.

Appointment and election of General Council members

The General Councillors of CIWM, the registered charity, are its trustees for the purposes of charity law and throughout this report are collectively referred to as the General Council or Council members. Throughout 2019, the above changes to the Constitution were fully implemented. The General Council consists of:

(a) The Honorary Officers – President, Senior Vice-President, Junior Vice-President, Immediate Past-President, & Honorary Treasurer.
(b) Seven General Councillors who have been selected based on skills

The Chair is elected annually by and from the General Council. General Councillors are normally elected for a term of three years; retire by rotation and are eligible to stand for re-election.

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FINANCIAL STATEMENTS

Trustees’ report (continued)

Training of General Councillors

All General Councillors attend training on Trustee responsibilities sourced via the National Council for Voluntary Organisations (NCVO).

Periodically, training on specific topics is provided for Trustees by suitably qualified individuals or organisations.

Organisational Management

CIWM is operated through its General Council. Members Council and the Scientific committee both report into General Council and there are two review committees - Audit and Corporate Governance and Professional Ethics. These have independent chairmen, with relevant specialist skills and competencies, who are appointed for three year terms of office.

Group Structure and Relationships

CIWM has one trading subsidiary, CIWM Enterprises Limited, a separate organisation which arranges non primary purpose activities for CIWM.

On 25 July 2016 WAMITAB became part of the CIWM Group. It is a registered charity in England and Wales, promoting relevant and high quality qualifications and learning to support career progression, skills and technical competence in the facilities management and sustainable wastes and resources management sectors.

On 19 February 2020 Asset Skills Ltd, a company limited by shares, was incorporated as a wholly owned subsidiary of WAMITAB and has remained dormant since incorporation.

During 2020, CIWM also had three dormant subsidiaries, CIWM International Limited, Waste Smart Limited and Resource Smart Limited, and WAMITAB had another dormant subsidiary, WAMITAB Services Ltd.

CIWM works extensively at regional and local levels through its Centres, which provide members with free and low cost regional events on a variety of topics and liaise with local and regional organisations. The Centres in the Republic of Ireland, Scotland, Wales and Northern Ireland work closely with their respective governments and other stakeholders.

Remuneration policy for key management personnel

The General Councillors consider that the senior management team, comprise the key management personnel of CIWM in charge of directing, controlling, running and operating CIWM on a day to day basis. The pay of senior managers is reviewed annually and increased, as appropriate, in line with average earnings.

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FINANCIAL STATEMENTS

Trustees’ report (continued)

REFERENCE AND ADMINISTRATIVE INFORMATION

Auditors

The re-appointment of Moore Kingston Smith LLP as auditors of the company will be considered at the forthcoming Annual General Meeting on 29 September 2021.

Statement on disclosure of information to auditors

Each person who is a General Councillor at the date of approval of this report confirms that so far as the General Councillor is aware, there is no relevant audit information of which the company’s auditors are unaware; and each General Councillor has taken all the steps that he/she ought to have taken as a General Councillor to make himself/herself aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

Statement of responsibilities of the Trustees of the Chartered Institution of Wastes

Management

The Trustees are responsible for preparing the Trustees’ Report (called Report of the General Council) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales and Scotland requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and the group and of the incoming resources and application of resources of the charity and the group for that period.

In preparing these financial statements, the General Council are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the charity will continue its activities.

The General Council are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that its financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008; the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Royal Charter. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The General Council are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By order of the General Council

J Kutner

Honorary Treasurer 500 Pavilion Drive Northampton NN4 7YJ 14 July 2021

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT

Opinion

We have audited the financial statements of Chartered Institution of Wastes Management for the year ended 31 December 2020, which comprise the Group Statement of Financial Activities, the Group and Parent Charity Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group’s and the parent charity’s affairs as at 31 December 2020 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 (as amended) and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the trustees’ annual report.

We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

the parent charity has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
• the parent charity’s financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 27, the trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report to you in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued)

in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant are the Charities and Trustee Investment (Scotland) Act 2005 (as amended), regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council
We obtained an understanding of how the charity complies with these requirements by discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group and parent charity’s internal control.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF CHARTERED INSTITUTION OF WASTES MANAGEMENT (continued)

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and parent charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or parent charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our Report

This report is made solely to the charity’s trustees, as a body, in accordance with Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charity's members and trustees those matters which we are required to state to them in an auditor's report addressed to them and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and charity’s members as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Stickland (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

4 August 2021 Devonshire House 60 Goswell Road London EC1M 7AD

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Consolidated statement of financial activities for year ended 31 December 2020

		Unrestricted funds	Unrestricted funds
	Note	General	Designated	Restricted	Endowment	Total funds	Total funds
		Funds	Funds	Funds-	& Other
			£	WAMITAB	Restricted	2020	2019
Income		£		£	funds £	£	£
Income from charitable activities:
Membership subscriptions		745,720	-	-	-	745,720	737,659
Affiliated Organisation income		314,873				314,873	286,084
Regional centre income		4,926	-	-	-	4,926	93,201
Charitable trading income		438,232	-	-	-	438,232	1,072,184
Income from provision of qualifications		175,474	-	961,927	-	1,137,401	1,183,781
Income from trading activity:
Commercial trading operations		-	-	-	-	-	237,367
Investment income	8	40,081	-	63,409	-	103,490	97,600
Interest receivable		1,219	-	2,626	-	3,845	14,657
Other income		102,407	-	-	-	102,407	52,881
Total income		1,822,932	-	1,027,962	-	2,850,894	3,775,414
Expenditure
Expenditure on raising funds
Investment management		(13,132)	-	(18,140)	-	(31,272)	(30,878)
Commercial trading operations		(998)	-	-	-	(998)	(162,887)
Charitable activities:
Charitable trading expenditure		(229,529)	-	-	-	(229,529)	(452,084)
Provision of qualifications		(40,016)	-	(219,333)	-	(259,349)	(243,401)
Staff costs		(1,166,784)	-	(554,664)	-	(1,721,448)	(1,884,193)
Regional centre expenses		(16,458)	-	-	-	(16,458)	(88,757)
Committee directed costs		(41,573)	-	-	-	(41,573)	(73,328)
Committee running costs		(5,714)	-	-	-	(5,714)	(18,670)
Premises costs, postage, stationery,		(295,508)	-	(175,605)	-	(471,113)	(490,096)
communications
Restructuring costs	5	(66,229)	-	(205,129)	-	(271,358)	-
Honoraria		-	-	-	-	-	(1,250)
Travel and accommodation		(9,958)	-	(1,383)	-	(11,341)	(56,429)
Insurances and other Professional fees		(30,846)	-	(26,538)	-	(57,384)	(78,452)
Amortisation		(48,224)	-	-	-	(48,224)	(45,411)
Depreciation		(43,155)	-	(7,085)	-	(50,240)	(33,958)
Financing costs		(20,338)		(2,128)		(22,466)	(34,429)
Grant to SWITCH Forum	15	-	-	-	(21,073)	(21,073)	-
Total operating expenditure		(2,028,462)	-	(1,210,005)	(21,073)	(3,259,540)	(3,694,223)
Net operating income/ (expenditure)		(205,530)	-	(182,043)	(21,073)	(408,646)	81,191
Net gain on the sale of fixed assets		-	-	-	-	-	488,310
Net gains/ (losses) on investment assets		174,232	-	(60,717)	-	113,515	507,294
Net income/ (expenditure)		(31,298)	-	(242,760)	(21,073)	(295,131)	1,076,795
Transfers between funds		-	-	-	-	-	-
Net movement in funds	5	(31,298)	-	(242,760)	(21,073)	(295,131)	1,076,795
Total funds brought forward	15	3,717,034	-	3,312,817	45,646	7,075,497	5,998,702
Total funds carried forward	15	3,685,736	-	3,070,057	24,573	6,780,366	7,075,497

The Charity has no recognised gains or losses for the year (2019: £nil) other than as detailed above. The net movements in the Charity’s funds for the year arise from the Charity’s continuing activities. Full details of comparative figures for the year ended 31 December 2019 and movements in the Unrestricted funds and Endowment & Restricted Funds during that year are shown in Note 15 to these financial statements. The notes on the following pages form part of these financial statements.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Consolidated balance sheet as at 31 December 2020

Note 2020 £ £ Fixed assets Intangible assets 10 41,867 Tangible assets 10 105,264 Investments 11 5,345,000 5,492,131 Current assets Debtors 12 594,174 Investments 999,823 Cash at bank and on deposit 797,189 2,391,186 Creditors:amounts falling due within one year 13 (1,102,951) Net current assets 1,288,235 Total assets less current liabilities 6,780,366 Net assets 6,780,366 Endowment funds Permanent 15 24,573 Restricted funds 15 Scottish Waste Award - The Waste Management Industry & Training Board 3,070,057 Unrestricted funds Designated funds 15 - General funds 15 3,685,736 Total funds 15 6,780,366	2019 £ £ 63,531 137,663 5,160,350 5,361,544 619,427 998,301 921,852 2,539,580 (825,627) 1,713,953 7,075,497 7,075,497 24,573 21,073 3,312,817 - 3,717,034 7,075,497	2019 £ £ 63,531 137,663 5,160,350 5,361,544 619,427 998,301 921,852 2,539,580 (825,627) 1,713,953 7,075,497 7,075,497 24,573 21,073 3,312,817 - 3,717,034 7,075,497
		5,361,544 1,713,953
		7,075,497
		7,075,497
		24,573 21,073 3,312,817 - 3,717,034
		7,075,497

The notes on the following pages form part of these financial statements.

These financial statements were approved by the General Council on 14 July 2021 and were signed on its behalf by:

A Read J Kutner President Honorary Treasurer

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Charity balance sheet as at 31 December 2020

Note 2020 £ Fixed assets Intangible assets 10 Tangible assets 10 Investments 11 Current assets Debtors 12 417,905 Investments 575,000 Cash at bank and on deposit 657,510 1,650,415 Creditors:amounts falling due within one year 13 (820,947) Net current assets Total assets less current liabilities Net assets Endowment funds Permanent 15 Restricted funds 15 Unrestricted funds Designated funds 15 General funds 15 Total funds 15	2019 £ £ 41,867 90,326 2,739,188 2,871,381 440,846 575,000 705,660 1,721,506 (696,085) 829,468 3,700,849 3,700,849 24,573 - - 3,676,276 3,700,849	£ 63,531 122,575 2,540,695
		2,726,801 1,025,421
		3,752,222
		3,752,222
		24,573 21,073 - 3,706,576
		3,752,222

The notes on the following pages form part of these financial statements.

These financial statements were approved by the General Council on 14 July 2021 and were signed on its behalf by:

A Read J Kutner President Honorary Treasurer

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Consolidated Statement of Cash Flows for the year ended 31 December 2020

	2020	2019
	£	£
Cash flow/(outflow) from operating activities
Net cash (used in)/ provided by operating activities	(114,941)	(7,531)
	═══════	═══════
Cash flows from investing activities
Interest, dividends and other investment income received	107,335	112,258
Proceeds from sale of fixed assets	-	937,553
Proceeds from disposal of fixed asset investments
excluding endowment funds	794,008	416,877
Acquisition of fixed asset investments excluding
endowment funds	(780,796)	(1,202,184)
(Additions)/disposals to investments in current assets	(1,522)	97,271
Payments to acquire tangible and intangible fixed assets	(44,401)	(173,489)
	────────	────────
	74,624	188,286
	═══════	═══════
Net increase in cash and cash equivalents	(40,317)	180,755
Cash and cash equivalents at beginning of year	1,086,448	905,693
	───────	────────
Cash and cash equivalents at end of year	1,046,131	1,086,448
	═══════	═══════
Cash and cash equivalents at end of year comprise
Cash at bank and on deposit	797,189	921,852
Cash held within the investment portfolio	248,942	164,596
	───────	────────
Cash and cash equivalents at end of year	1,046,131	1,086,448
	═══════	═══════

Reconciliation of net income/ (expenditure) to net cash flow from operating activities

	2020	2019
	£	£
Net income/(expenditure) including endowments	(295,131)	1,076,795
Adjustments for:
Amortisation/Depreciation charges	98,464	79,369
Profit on sale of fixed assets	-	(488,310)
Net (gains)/ losses on investments	(113,515)	(507,294)
Investment income	(107,335)	(112,258)
Decrease/ (increase) in debtors	25,253	(88,337)
Increase/ (decrease) in creditors	277,323	32,504
	───────	───────
Net cash (used in)/ provided by operating activities	(114,941)	(7,531)
	═══════	═══════

The notes on the following pages form part of these financial statements.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

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:

Basis of preparation

These financial statements have been prepared in accordance with “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) (effective 1 January 2015)’ – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008; the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended); the provisions of the Royal Charter.

The charity is a public benefit entity for the purposes of FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company and its group. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared on the historical cost convention, modified by the recognition of certain investments and financial assets and liabilities measured at fair value through income and expenditure within the Statement of Financial Activities.

The preparation of financial statements in conformity with the Charities SORP (FRS 102) and FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the charity's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in note 3.

Going concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity and group to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements.

The Covid-19 outbreak in early 2020 had a significant impact on the activities of the CIWM resulting in a reduction in income from training courses and events. In response, some staff were furloughed, and on-line events and courses developed, and measures taken to minimise the disruption and financial effect. The outcome for 2020 was a relatively small deficit and a break-even is forecast for 2021. The charity maintains a significant investment portfolio which can be converted into cash if necessary. The Trustees are confident that the CIWM has sufficient reserves to enable it to continue operations until the situation has completely returned to normal. The accounts therefore continue to be prepared on a going concern basis.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies ( continued )

Basis of consolidation and Group financial statements

The financial statements consolidate the financial statements of CIWM and its wholly owned charitable subsidiary, The Wastes Management Industry and Training Advisory Board (WAMITAB) and its wholly owned non-charitable subsidiaries, CIWM Enterprises Limited (trading), CIWM International Limited, Waste Smart Limited (dormant), and Resource Smart Limited (dormant) on a line-by-line basis.

On 1 January 2019 all activities in CIWM Enterprises Ltd identified as primary purpose transferred to CIWM. Comparatives have been restated to reflect this reclassification of primary purpose activities.

Fund accounting

General unrestricted funds comprise accumulated surpluses and deficits on general funds and cumulative realised and unrealised gains of the investments. They are available for use at the discretion of the General Council in furtherance of the general charitable objectives.

Designated funds are unrestricted funds which have been put aside at the discretion of the General Council for particular purposes.

The Designated funds comprise

Fixed assets replacement reserve

This represents amounts needed to maintain the CIWM’s fixed asset base.

Endowment funds

Permanent

These are assets which must be held permanently by the charity. The capital element of permanent endowment funds is not utilised, only the income from permanent endowment funds is utilised.

Restricted funds

Restricted funds are funds received by CIWM for particular purposes and expenditure is restricted to that particular project.

The funds held by WAMITAB are classified as Restricted because they can only be used in furtherance of the charitable objectives of that company.

Income

Income is recognised when either of the charities or its trading subsidiary has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income includes amounts received and receivable during the year by CIWM at headquarters, its ten regional centres; by its charitable subsidiary, WAMITAB, and the turnover of the company’s trading subsidiary, CIWM Enterprises Limited. It comprises subscriptions, donations, grants and charges for services provided stated net of value added tax where applicable. Income from Centres is incorporated on the basis of returns.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies ( continued )

Income (continued)

Income from membership subscriptions is recognised when received and is allocated across the relevant period of membership on a calendar year basis.

Income from government and other grants, whether “capital” grants or “revenue” grants, is recognised when either of the charities 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.

Interest receivable and investment income

Interest on funds held on deposit and income generated by Fixed Asset investments, including dividend income and interest, are included when receivable and the amounts can be measured reliably by either of the charities. This is normally upon notification by the bank or the discretionary investment managers of the interest paid or payable, or the income credited to the investment portfolios.

Donated services and facilities

Donated professional services are recognised as income when the charity or its wholly owned charitable subsidiary has control over the item, any conditions associated with the donated professional services have been met, the receipt of economic benefit from the use by the charity of the services is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Members of CIWM is not recognised – please refer to the Trustees’ Annual Report for more information about their contribution.

On receipt, donated professional services are recognised on the basis of the value of the gift to either of the charities which is the amount that charity would have been willing to pay to obtain services of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Expenditure and irrecoverable VAT

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 accounted for reliably. Expenditure is classified under the following activity headings:

Expenditure on raising funds comprises the costs of commercial trading and fees paid for the discretionary management of the fixed asset investment portfolios and their associated support costs.

Charitable activities – expenditure includes the costs of administering the professional activities of CIWM and WAMITAB, supporting the regional Centres and membership and other activities undertaken to further the purposes of either of the charities and their associated support costs.

Other expenditure represents those items not falling into any other heading.

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

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies ( continued )

Allocation of Support Costs

Support costs are those functions that assist the work of either of the charities but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support CIWM’s or WAMITAB’s professional and charitable activities. These costs have been allocated between the costs of raising funds, expenditure on charitable activities and other expenditure.

The bases on which support costs have been allocated are set out in Note 4.

Operating Leases

CIWM classifies the lease of printing equipment as operating leases; the title to the equipment remains with the lessor and the equipment is replaced at the end of the lease period (printing equipment every 5 years and cars every 3 years) whilst the economic life of such equipment is normally longer. CIWM and WAMITAB classify the lease of their offices as operating leases; the titles remain with the lessor and the leases have fixed terms whilst the economic life of the property is normally longer. WAMITAB’s lease ends 31 May 2023 and CIWM has a 5 year lease to March 2024 with a 3 year break clause. Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Post relocation to the CIWM office in March 2021, WAMITAB surrendered its lease early on 31 March 2021 and consequently an onerous lease provision for the full balance of rentals due to the 31 May 2023 has been made in WAMITAB in 2020 and is reflected in the restructuring costs line on the Statement of Financial Activities.

Tangible Fixed assets and depreciation

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated at rates calculated to write off the cost less estimated residual value by equal instalments over their estimated useful economic lives as follows:

Freehold buildings - 2% on cost Office equipment including computer equipment - 33[1] /3% on cost Fixtures and fittings - 15% to 33[1] /3% on cost No depreciation is provided on freehold land.

Intangible Fixed assets and amortisation

Individual intangible fixed assets costing £500 or more are capitalised at cost and are amortised at rates calculated to write off the cost by equal instalments over their estimated useful economic lives up to a maximum of ten years as follows:

Computer Software - 20% on cost

At the end of each reporting period, the residual values and useful lives of tangible and intangible assets are reviewed and adjusted if necessary and if circumstances indicate that the carrying value may not be recoverable then it is adjusted for impairment.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies ( continued )

Quoted Investments

Investments listed on a recognised stock exchange are initially measured at their cost and subsequently measured at fair value at the balance sheet date. All movements in value arising from investment changes or revaluations are shown as part of the Statement of Financial Activities and for CIWM’s portfolio are included within unrestricted funds, for WAMITAB’s portfolio they are included within the respective restricted fund.

Realised gains and losses and unrealised gains and losses are not separated in the Statement of Financial Activities.

Unlisted and Mixed Motive Investments

Mixed motive investments are held by CIWM both to generate a return on capital invested for the charity, but also to contribute to its charitable purposes. Unlisted investments are held by CIWM to generate a return on capital invested for the charity.

CIWM’s investment in Cloud Sustainability Limited at 31 December 2016 was considered to be a mixed motive investment. However, after 20 June 2017, Ditto AI Limited acquired the entire issued share capital of Cloud Sustainability in a share for share transaction, CIWM’s investment has been in Ditto AI Limited. Trustees reassessed the investment considering factors including: the much reduced percentage of equity held and the fact that Ditto AI Limited’s business is now covering a much broader product range. They concluded that the investment in Ditto AI Limited was no longer a mixed motive investment but simply an investment in an unlisted company.

The investment takes the form of Ordinary shares. As the shares are not quoted on a recognised stock market, CIWM has adopted the principles and methodology set out in the International Private Equity and Venture Capital Valuation Guidelines to establish the current fair value of the investment. Those guidelines advise that, in the absence of an external open market for the shares, the best indicator of, and evidence for, the current fair value per share is the actual price recorded in recent external transactions involving third parties. This valuation technique should be applied consistently, however, a change in technique is appropriate if it results in a measurement that is more representative of Fair Value in the circumstances.

Ditto AI Limited raised £3,476,000 equity capital in January 2018 through the issue of 354,695,122 Ordinary shares of £0.0001 pence per share at a price of £0.0082 pence per share. This price per share was lower than that attributed in the share for share acquisition of Cloud Sustainability on 20 June 2017 and, accordingly, CIWM’s investment was written down at 31 December 2017 to reflect this.

The Trustees have assessed the investment and consider that the significant further investment and development required to bring Ditto products to market indicates that further operating deficits are likely to be reported in the short to medium term. These factors, together with the fact that CIWM is not able to sell its shares without the agreement of the company and other shareholders indicate that CIWM’s investment in Ditto AI Limited has been impaired; accordingly, the investment was restated at 31 December 2017 at Fair Value and there has been no change at 31 December 2020.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies ( continued )

Current asset investments

Current asset investments held are a COIF Charities Deposit Fund. Interest on this fund is included when receivable.

Interests in subsidiaries and associated entities

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. All the subsidiaries except WAMITAB and CIWM Enterprises Limited are currently dormant.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

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

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Creditors and provisions

Creditors and provision are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

1 Accounting policies (continued)

Pensions

The group operates two defined contribution pension schemes, the Legal and General Work Save Pension Plan for employees of CIWM and the Royal London Personal Pension Plan for former employees of WAMITAB. All new employees are eligible to join the Legal & General scheme. All existing employees and all employees joining since 1 May 2015 were automatically enrolled into either the Legal and General Work Save Pension Plan or the Royal London Personal Pension Plan unless they have exercised their right to opt out of scheme membership. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the schemes.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Legal status of the Charity

The Chartered Institution of Wastes Management is a Royal Charter company domiciled and is registered as a charity in England and Wales and in Scotland. It has no share capital and, in the event of the charity being wound up, no liability rests with either the Trustees or its members. The Trustees are listed at the start of the Trustees Report. The registered office is Quadra, 500 Pavilion Drive, Northampton Business Park, Northampton, NN4 7YJ.

3 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision & future periods if the revision affects both current & future periods.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

Critical accounting estimates and judgements (continued)

The following judgements have had the most significant effect on amounts recognised in the financial statements:

a) The company makes an estimate of the recoverable value of trade and other debtors based on the ageing profile of debtors and historical experience.
b) The annual amortisation charge for intangible assets is sensitive to changes in the estimated lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates.
c) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates.

Key sources of estimation uncertainty

For the years ended 31 December 2020 and 2019 the Trustees consider that there were no key sources of estimation uncertainty.

4 Analysis of Support Costs

The breakdown of support costs and how these were allocated between charitable activities, the cost of raising funds, and other activities for the year to 31 December 2020 is shown below.

Charitable Activities Expenditure on raising funds £ £ Governance – see below 158,620 - Finance & IT 285,910 6,433 HR & General Administration 25,202 - 469,732 6,433	Other £ - 9,195 - 9,195	Total allocated 2020 Basis £ 158,620 Staff time and actual costs incurred 301,538 Staff time and usage 25,202 Actual costs incurred 485,360

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

4 Analysis of Support Costs ( continued )

The breakdown of support costs and how these were allocated between charitable activities, the cost of raising funds, and other activities for the year to 31 December 2019 is shown below.

Charitable Activities Expenditure on raising funds £ £ Governance – see below 181,916 - Finance & IT 262,059 16,503 HR & General Administration 18,322 - Total 462,297 16,503	Other £ - 8,760 - 8,760	Total allocated 2019 Basis £ 181,916 Staff time and actual costs incurred 287,322 Staff time and usage 18,322 Staff time 487,560

Governance Costs

Governance costs represent the support necessary to deliver the management and reporting requirements for CIWM, the General Council and the other Committees and Boards, including strategic planning for future development, complying with constitutional and statutory requirements, and satisfying public accountability. They primarily comprise relevant proportions of senior management time, but also include the cost of external audit, legal and other professional advice.

General Council and other Committee & Meeting costs Audit fees Legal and professional fees Staff costs 5 Movement in net funds for the year *Movement in net funds is stated after charging:* Auditors’ remuneration: Audit fees - group - charity Non audit fees - group Amortisation of intangible fixed assets Depreciation of tangible fixed assets Operating lease payments	2020 £ 4,591 25,128 29,453 99,448 158,620 2020 £ 25,128 15,797 2,550 48,224 50,240 200,930	2019 £ 8,122 31,220 26,398 116,176 181,916 2019 £ 31,220 20,775 3,018 45,411 33,958 94,919

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

5 Movement in net funds for the year (continued)

Restructuring Costs

Staff termination costs Onerous lease provision Legal & Professional fees	Group 2020 £ 161,182 95,893 14,283 271,358		Group 2019 £ - - - -	Charity 2020 £ 54,052 - 12,177 66,229	Charity 2019 £ - - -
					-

6 Payments to General Council members

No Trustees received emoluments during the period (2019: £Nil).

As permitted by the constitutional documents, reimbursement of expenses incurred when travelling to, or engaged upon, the business of the charity or its trading subsidiary amount to:-

Group – Travel Charity – Travel Number of Trustees	2020 £ 1,540 1,540 3	2019 £ 5,670 5,279 11

7 Staff numbers and costs

The average number of persons employed by the group during the year was 38 (2019: 40) and the average number of full-time equivalent employees (including casual and parttime staff) during the period was as follows:

Charitable activities Support	2020 Number 31 5 36	2019 Number 32 5
		37

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

7 Staff numbers and costs ( continued )

The aggregate payroll costs of these persons were as follows:

7 Staff numbers and costs(continued) The aggregate payroll costs of these persons were as follows:
	2020	2019
	£	£
Wages and salaries	1,411,815	1,466,459
Social security costs	144,460	154,184
Pension contributions to defined contribution pension schemes	106,917	111,594
Termination payments	161,182	30,000
	1,824,374	1,762,237

All employees are eligible to join the Group health insurance schemes and premiums paid in respect of those who have opted for membership was: 2020 £14,812 (2019: £14,114) . The Group also provides all employees with insurance cover for Death in Service and eligible employees with Permanent Health Insurance cover - premiums paid: 2020 £20,052 (2019: £ 17,148 ).

Key management personnel include the Trustees, Chief Executive Officer & Marketing Director of CIWM; and the Trustees, Chief Executive (in post until end July 2020) & Commercial Director of WAMITAB (in post until end May 2020). Total pay & benefits received by key management personnel was £405,099 (2019: £556,319).

The number of employees whose emoluments (salaries and benefits in kind) exceeded £60,000 during the year is shown below. The emoluments are calculated on a full annualised basis, even if the employee concerned was only employed for part of the year in question.

in question.
	2020	2019
	No	No
£60,001 - £70,000	1	1
£70,001 - £80,000	1	1
£80,001 - £90,000	-	-
£90,001 - £100,000	-	1
£100,001 - £110,000	-	-
£110,001 - £120,000	-	-
£120,001 –£130,000	2	1
£130,001 - £140,000	-	1

Pension contributions relating to employees earning more than £60,000 amounted to £30,413 (2019: £43,295).

The Chief Executive Officer of CIWM and the Chief Executive (in post until end July 2020) and the Commercial Director (in post until end May 2020) of WAMITAB receive a fixed monthly car allowance as part of salary.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

8 Income from fixed asset investments

	2020	2019
	£	£
Income from fixed asset investments:
Listed and common investment funds	103,490	97,600

9 Indemnity insurance

The CIWM Group operates trustees’ and officers’ liability insurance cover at a total cost of £3,360 ( 2019: £3,360 )

10 Intangible and Tangible Fixed Assets

Group

Group
	Intangible		Tangible
	Fixed Assets		Fixed Assets
		Freehold	Fixtures &	Tangible Fixed
	Computer	land and	Fittings/Office	Assets Total
	Software	buildings	Equipment
	£	£	£	£
*Cost*
At 1 January 2020	237,628	716,303	455,686	1,142,440
Additions	26,560	-	17,841	148,109
Disposals	-	(716,303)	-	(834,863)
At 31 December 2020	264,188	-	473,527	455,686
*Amortisation/Depreciation*
At 1 January 2020	174,097	261,441	318,023	669,685
Charge for year	48,224	5,619	50,240	33,958
Disposals	-	(267,060)	-	(385,620)
At 31 December 2020	222,321	-	368,263	318,023
*Net book value*
At 31 December 2020	41,867	-	105,264	137,663
At 31 December 2019	63,531	454,862	137,663	472,755

The net book value at 31 December 2020 represents fixed assets used for:

Fixtures & Fittings/Office Equipment £ Computer Software £ Headquarters 105,264 41,867	Total £ 147,131

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

10 Intangible and Tangible Fixed Assets ( continued ) Charity

Charity
	Intangible	Tangible
	Fixed Assets	Fixed Assets
		Fixtures &
	Computer	Fittings/Office
	Software	Equipment
	£	£
*Cost*
At 1 January 2020	237,628	415,352
Additions	26,560	10,906
Disposals	-	-
At 31 December 2020	264,188	426,258
*Amortisation/Depreciation*
At 1 January 2020	174,097	292,777
Charge for year	48,224	43,155
Disposals	-	-
At 31 December 2020	222,321	335,932
*Net book value*
At 31 December 2020	41,867	90,326
At 31 December 2019	63,531	122,575

The net book value at 31 December 2020 represents fixed assets used for:

Fixtures & Fittings/Office Equipment £ Headquarters 90,326 11 Fixed asset investments Listed investmentsat market value Cash held within the investment portfolio Investment in unlisted securities Group undertakings	Computer Software £ 41,867 Group 2020 £ 5,095,760 248,942 297 1 5,345,000	Total £ 132,193 Group 2019 £ 4,995,457 164,596 297 - 5,160,350	Charity 2020 £ 2,645,961 92,824 297 106 2,739,188	Charity 2019 £ 2,514,044 26,248 297 106 2,540,695

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

11 Fixed asset investments ( continued )

Listed investments: Market value at 1 January 2020 Additions at cost Sales proceeds Net gain/ (loss) Market value at 31 December 2020 Historical cost at 31 December 2020	Group 2020 £ 4,995,457 780,796 (794,008) 113,515 5,095,760 4,184,967	Group 2019 3,702,856 1,202,184 (416,877) 507,294 4,995,457 4,230,132	Charity 2020 £ 2,514,044 378,024 (420,339) 174,232 2,645,961 2,071,112	Charity 2019 £ 1,487,338 916,790 (156,874) 266,790 2,514,044 2,086,913

The market value of listed investments held by the group can be summarised as follows:

	2020	2019
	£	£
Listed investments (excluding cash held on deposit within the portfolio)	5,095,760	4,995,457

No individual investment included in the portfolio is considered significant.

Unlisted investment

Value at 1 January 2020 Provision Impairment Value at 31 December 2020 Shares in group undertakings CIWM Enterprises Limited CIWM International Limited Waste Smart Limited Resource Smart limited Asset Skills Limited	Group 2020 £ - - - - 1 1	Group 2019 £ - - - - - -	2020 £ 297 - - 297 Charity 2020 £ 2 100 2 2 - 106	2019 £ 297 - - 297 Charity 2019 £ 2 100 2 2 - 106

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

11 Fixed asset investments ( continued )

The subsidiaries of CIWM at 31 December 2020 are set out below:

Name	Country of	Nature of	Proportion
	incorporation and	business	of equity
	company number		held
Waste Management Industry Training	England and Wales	Qualifications	n/a
& Advisory Board (WAMITAB)	(02332283)	Awarding
(Registered charity number: 1006826)		Body
CIWM Enterprises Limited	England and Wales	Conferences &	100%
	(02731563)	training
CIWM International Limited	England and Wales	Dormant	100%
	(03510915)
Waste Smart Limited	England and Wales	Dormant	100%
	(08325813)
Resource Smart Limited	England and Wales	Dormant	100%
	(08330891)

WAMITAB is a company limited by guarantee, registered as a charity in England and Wales. It has no share capital and, in the event of the charity being wound up, no liability rests with either the Trustees or its members.

At 31 December 2020 WAMITAB had Unrestricted funds of £3,070,057; however, they must be used only in furtherance of its charitable purposes. For the year ended 31 December 2020, the charity had a deficit of £242,760 and its total income was £1,027,962. As a charity, WAMITAB is exempt from tax on the income and gains arising from its charitable activities and its investments to the extent that the income and gains are applied for charitable purposes.

The issued share capital of CIWM Enterprises Limited is £2, divided into 2 ordinary shares of £1 each and shareholders’ funds at 31 December 2020 totalled £9,456. The company had a deficit of £999 in 2020 (2019 surplus: £65,315) . Turnover in 2020 was £nil (2019: £238,207).

On 9 January 2018 WAMITAB Services Ltd (company number 11139282) was incorporated as a wholly owned subsidiary of WAMITAB. This is a company limited by guarantee and was dormant throughout 2020.

On 19 February 2020 Asset Skills Ltd (company number 12471875) was incorporated as a wholly owned subsidiary of WAMITAB. This is a company limited by shares- 1 ordinary share of £1. It has remained dormant since incorporation.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

12 Debtors Group 2020 £ Trade debtors 377,834 Amounts owed by subsidiary undertakings - Other debtors and taxation 51,166 Prepayments and accrued income 165,174 594,174 13 Creditors: amounts falling due within one year	Group 2019 £ 439,369 - 50,361 129,697 619,427	Charity 2020 £ 261,672 35,887 8,029 112,317 417,905	Charity 2019 £ 290,349 43,417 16,280 90,800 440,846

Group 2020 £ Trade creditors 70,006 Amounts owed to subsidiary undertaking - Other creditors 79,156 Other taxation and social security 78,088 Accruals 369,120 Deferred income 506,581 1,102,951	Group 2019 £ 64,803 - 80,919 89,176 179,685 411,044 825,627	Charity 2020 £ 58,003 104 25,356 72,323 188,960 476,201 820,947	Charity 2019 £ 48,096 104 32,400 81,977 141,109 392,399 696,085

14 Deferred income

At beginning of the year Movement in the year At end of the year	Group 2020 £ 411,044 95,537 506,581	Group 2019 £ 403,239 7,805 411,044	Charity 2020 £ 392,399 83,802 476,201	Charity 2019 £ 272,654 119,745 392,399

Within the charity deferred income comprises membership, affiliated organisation subscriptions, training course fees and event fees. Within the group deferred income also includes WAMITAB’s approved centre fees; all amounts relate to the next accounting period.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

15 Statement of funds

Group – for the year ended 31 December 2020

	1 January			Investment		31 December
	2020	Income	Expenditure	Gain/(Losses)	Transfers	2020
				s
	£	£	£	£	£	£
General funds:	3,717,034	1,822,932	(2,028,462)	174,232	-	3,685,736
Designated funds:
Fixed assets replacement	-	-	-	-	-	-
reserve
Total unrestricted funds	3,717,034	1,822,932	(2,028,462)	174,232	-	3,685,736
Endowment funds:
Permanent endowment Funds
James Jackson award –	250	-	-	-	-	250
est. 1948
PEEL Peoples Cup – est.	1,000	-	-	-	-	1,000
1988
James Sumner award – est.	12,323	-	-	-	-	12,323
1982
Henry Daley Memorial
Award	6,000	-	-	-	-	6,000
Frank Robinson Memorial
Award est. 2007	5,000	-	-	-	-	5,000
Total endowment funds	24,573	-	-	-	-	24,573
Restricted Funds:
Scottish Waste Award	21,073	-	(21,073)	-	-	-
est. 2013
WAMITAB	3,312,817	1,027,962	(1,210,005)	(60,717)	-	3,070,057
Total restricted funds	3,333,890	1,027,962	(1,231,078)	(60,717)	-	3,070,057
Total funds	7,075,497	2,850,894	(3,259,540)	113,515	-	6,780,366

General funds represent the funds of the charity which are not designated for particular purposes. The Designated fund is unrestricted funds which have been put aside at the discretion of the General Council for the particular purpose described in Note 1 “Fund accounting”. The Permanent Endowment funds were established to provide capital funds for investment from which the income arising should be applied for awards to further the objectives of CIWM. To separate individual movements for each award would be unduly onerous given the size of the funds. Therefore, the net deficit between income arising and awards made has been treated as a movement on general funds.

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

15 Statement of funds ( continued )

Group – for the year ended 31 December 2019

	1 January			Investment		31 December
	2019	Income	Expenditure	Gain/(Losses)	Transfers	2019
				s
	£	£	£	£	£	£
General funds:	2,396,563	3,138,563	(2,664,762)	266,790	579,880	3,717,034
Designated funds:
Fixed assets replacement	579,880	-	-	-	(579,880)	-
reserve
Total unrestricted funds	2,976,443	3,138,563	(2,664,762)	266,790	-	3,717,034
Endowment funds:
Permanent endowment Funds
James Jackson award –	250	-	-	-	-	250
est. 1948
PEEL Peoples Cup – est.	1,000	-	-	-	-	1,000
1988
James Sumner award – est.	12,323	-	-	-	-	12,323
1982
Henry Daley Memorial
Award	6,000	-	-	-	-	6,000
Frank Robinson Memorial
Award est. 2007	5,000	-	-	-	-	5,000
Total endowment funds	24,573	-	-	-	-	24,573
Restricted Funds:
Scottish Waste Award	21,073	-	-	-	-	21,073
est. 2013
WAMITAB	2,976,613	1,125,161	(1,029,461)	240,504	-	3,312,817
Total restricted funds	2,997,686	1,125,161	(1,029,461)	240,504	-	3,333,890
Total funds	5,998,702	4,263,724	(3,694,223)	507,294	-	7,075,497

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

15 Statement of funds (continued)

Charity – for the year ended 31 December 2020

	1 January			Investment		31 December
	2020	Income	Expenditure	(Losses)/	Transfers	2020
				Gains
	£	£	£	£	£	£
General funds:	3,706,576	1,789,516	(1,994,048)	174,232	-	3,676,276
Designated funds:
Fixed assets replacement	-	-	-	-	-	-
reserve
Total unrestricted funds	3,706,576	1,789,516	(1,994,048)	174,232	-	3,676,276
Endowment funds:
Permanent endowment
Funds
James Jackson award – est.	250	-	-	-	-	250
1948
PEEL Peoples Cup – est.	1,000	-	-	-	-	1,000
1988
James Sumner award – est.	12,323	-	-	-	-	12,323
1982
Henry Daley Memorial
award	6,000	-	-	-	-	6,000
Frank Robinson Memorial
Award est. 2007	5,000	-	-	-	-	5,000
Total endowment funds	24,573	-	-	-	-	24,573
Restricted Funds:
Scottish Waste Award	21,073	-	(21,073)	-	-	-
est. 2013
Total restricted funds	21,073	-	(21,073)	-	-	-
Total funds	3,752,222	1,789,516	(2,015,121)	174,232	-	3,700,849

The Permanent Endowment funds were established to provide capital funds for investment from which the income arising should be applied for awards to further the objectives of CIWM. To separate individual movements for each award would be unduly onerous given the size of the funds. Therefore, the net deficit between income arising and awards made has been treated as a movement on general funds. In November 2020 trustees approved the proposal by the SWRC partner committee made up of SESA, SEPA, CIWM Scotland centre and the Glasgow Caledonian University, to transfer the remaining funds of £21,073 held in the Scottish Waste Award restricted fund to support the SWITCH forum (Scottish Waste Industry Training, Competency, Health & Safety).

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

15 Statement of funds (continued)

Charity – for the year ended 31 December 2019

	1 January			Investment		31 December
	2019	Income	Expenditure	(Losses)/	Transfers	2019
				Gains
	£	£	£	£	£	£
General funds:	2,387,426	2,960,988	(2,488,508)	266,790	579,880	3,706,576
Designated funds:
Fixed assets replacement	579,880	-	-	-	(579,880)	-
reserve
Total unrestricted funds	2,967,306	2,960,988	(2,488,508)	266,790	-	3,706,576
Endowment funds:
Permanent endowment
Funds
James Jackson award – est.	250	-	-	-	-	250
1948
PEEL Peoples Cup – est.	1,000	-	-	-	-	1,000
1988
James Sumner award – est.	12,323	-	-	-	-	12,323
1982
Henry Daley Memorial
award	6,000	-	-	-	-	6,000
Frank Robinson Memorial
Award est. 2007	5,000	-	-	-	-	5,000
Total endowment funds	24,573	-	-	-	-	24,573
Restricted Funds:
Scottish Waste Award	21,073	-	-	-	-	21,073
est. 2013
Total restricted funds	21,073	-	-	-	-	21,073
Total funds	3,012,952	2,960,988	(2,488,508)	266,790	-	3,752,222

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

16 Consolidated Statement of Financial Activities for year ended 31 December 2019

		Unrestricted funds	Unrestricted funds
	Note	General	Designated	Restricted	Endowment	Total funds	Total funds
		Funds	Funds	Funds-	& Other
			£	WAMITAB	Restricted	2019	2018
Income		£		£	funds £	£	£
Income from charitable activities:
Membership subscriptions		737,659	-	-	-	737,659	741,050
Affiliated Organisation income		286,084				286,084	228,325
Regional centre income		93,201	-	-	-	93,201	77,187
Charitable trading income		1,072,184	-	-	-	1,072,184	1,208,023
Income from provision of qualifications		129,369	-	1,054,412	-	1,183,781	1,238,478
Income from trading activity:
Commercial trading operations		237,367	-	-	-	237,367	242,387
Investment income	8	37,585	-	60,015	-	97,600	87,171
Interest receivable		3,923	-	10,734	-	14,657	11,434
Other income		52,881	-	-	-	52,881	76,259
Total income		2,650,253	-	1,125,161	-	3,775,414	3,910,314
Expenditure
Expenditure on raising funds
Investment management		(12,429)	-	(18,449)	-	(30,878)	(27,986)
Commercial trading operations		(162,887)	-	-	-	(162,887)	(176,278)
Charitable activities:
Charitable trading expenditure		(452,084)	-	-	-	(452,084)	(511,577)
Provision of qualifications		(23,268)	-	(220,133)	-	(243,401)	(272,202)
Staff costs		(1,309,487)	-	(574,706)	-	(1,884,193)	(2,384,489)
Regional centre expenses		(88,757)	-	-	-	(88,757)	(85,661)
Committee directed costs		(73,328)	-	-	-	(73,328)	(97,979)
Committee running costs		(18,670)	-	-	-	(18,670)	(29,385)
Premises costs, postage, stationery,		(316,118)	-	(173,978)	-	(490,096)	(490,435)
communications
Institution awards		-	-	-	-	-	(200)
Honoraria		(1,250)	-	-	-	(1,250)	-
Travel and accommodation		(45,706)	-	(10,723)	-	(56,429)	(51,809)
Insurances and other Professional fees		(54,447)	-	(24,005)	-	(78,452)	(223,876)
Amortisation		(45,411)	-	-	-	(45,411)	(42,449)
Depreciation		(28,757)	-	(5,201)	-	(33,958)	(18,087)
Financing costs		(32,163)	-	(2,266)	-	(34,429)	(16,923)
Total operating expenditure		(2,664,762)	-	(1,029,461)	-	(3,694,223)	(4,429,336)
Net operating income/ (expenditure)		(14,509)	-	95,700	-	81,191	(519,022)
Net gain on the sale of fixed assets		488,310	-	-	-	488,310	-
Net gains/ (losses) on investment assets		266,790	-	240,504	-	507,294	(248,633)
Net income/ (expenditure)		740,591	-	336,204	-	1,076,795	(767,655)
Transfers between funds		579,880	(579,880)	-	-	-	-
Net movement in funds	5	1,320,471	(579,880)	336,204	-	1,076,795	(767,655)
Total funds brought forward	15	2,396,563	579,880	2,976,613	45,646	5,998,702	6,766,357
Total funds carried forward	15	3,717,034	-	3,312,817	45,646	7,075,497	5,998,702

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

17 Analysis of group net assets between funds

Analysis of group net assets between funds
	Unrestricted	Endowment
	Funds	& Restricted	Total
		funds
	£	£	£
*Fund balances at 31 December 2020 are represented by:*
Tangible and intangible fixed assets	147,131	-	147,131
Investments	2,250,370	3,094,630	5,345,000
Current assets	2,391,186	-	2,391,186
Current liabilities	(1,102,951)	-	(1,102,951)
Total net assets	3,685,736	3,094,630	6,780,366
	Unrestricted	Endowment
	Funds	& Restricted	Total
		funds
	£	£	£
*Fund balances at 31 December 2019 are represented by:*
Tangible and intangible fixed assets	201,194	-	201,194
Investments	1,801,887	3,358,463	5,160,350
Current assets	2,539,580	-	2,539,580
Current liabilities	(825,627)	-	(825,627)
Total net assets	3,717,034	3,358,463	7,075,497

In the opinion of the Trustees, sufficient resources are held in an appropriate form for each fund to be applied in accordance with any restrictions imposed.

18 Commitments

Future minimum lease commitments under non-cancellable operating leases at 31 December 2020 were as follows:

Operating lease rentals payable In less than one year In the second to fifth years inclusive In more than five years	Group 2020 £ 114,778 112,198 - 226,976	Group 2019 £ 105,120 174,024 - 279,144	Charity 2020 £ 75,098 52,678 - 127,776	Charity 2019 £ 65,440 74,824 -
				140,264

Together, we stand for a world beyond waste

FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2020

19 Related party transactions

There were no payments made to trustees for other services during the year.

20 Taxation

As a charity, CIWM is exempt from tax on the income and gains arising from its charitable activities and its investments to the extent that the income and gains are applied for charitable purposes.

Together, we stand for a world beyond waste

Contents

President’s foreword

2020: rising to the challenge

Member recruitment

Member renewals

Launch of new member benefits

Office furniture discounts

Discounts with DELL

HR advice

CIWM Connect

CIWM Mentoring

Virtual AGMs and online upgrades

Supporting the wider sector

Supporting professional development

WAMITAB integration

Awards and recognition

Membership communications

Award-winning work

CIWM won the following awards in 2020:

Association awards

CIWM was also shortlisted for the following awards:

Case study: webinar partnership

Knowledge sharing and thought leadership

CIWM Centre activity

Industry-leading events and conferences

2020 in numbers

Impact and influence: CIWM’s policy and technical work

COVID-19 response

Collaboration and change

Consultation Responses 2020

Northern Ireland

England/UK

ROI

Scotland

Wales

Trustees’ report and consolidated financial statements

Trustees’ report for the year ended 31 December 2020

General Council members, key management personnel and advisers

General Council members

Trustees’ report (continued)

Key Management Personnel

Registered office address

Trustees’ report (continued)

OBJECTIVES AND ACTIVITIES

Charitable Objects

Objectives, Aims and Intended Impact

Trustees’ report (continued)

Objectives, Aims and Intended Impact (continued)

Principal activities

Trustees’ report (continued)

Principal activities (continued)

Volunteers

Trustees’ report (continued)

ACHIEVEMENTS AND PERFORMANCE

Activities undertaken during the year

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Presenting the results for each part of the Group separately:

Trustees’ report (continued)

FINANCIAL REVIEW AND RESULTS FOR THE YEAR ( continued )

Reserves policy

Trustees’ report (continued)

Investment policy and objectives

Investment performance against objectives

Risk Management

Trustees’ report (continued)

Risk Management (continued )

FUTURE PLANS

WAMITAB Integration into CIWM

Trustees’ report (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Appointment and election of General Council members

Trustees’ report (continued)

Training of General Councillors

Organisational Management

Group Structure and Relationships

Remuneration policy for key management personnel

Trustees’ report (continued)

REFERENCE AND ADMINISTRATIVE INFORMATION