2021-12-31-accounts

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Review of 2021

Plus trustees’ report and financial statements for the year ended 31 December 2021

Together, we stand for a world beyond waste

03 President’s foreword
04 The journey to net zero
06 Skills for the future
08 Knowledge sharing and thought leadership
11 2021 in numbers
12 Impact and influence
15 Trustees’ Report and Consolidated Financial Statements
16 Trustees’ Report
29 Independent Auditor’s Report
34 Consolidated Statement of Financial Activities
35 Consolidated Balance Sheet
36 Charity Balance Sheet
37 Consolidated Statement of Cash Flows
38 Notes to the Financial Statements

Together, we stand for a world beyond waste

FOREWORD

President’s foreword

2021 was a critical year in our drive towards creating a world beyond waste, and one in which the pace of change will have been felt by all of us working in the sector. At the start of the year, face-to-face meetings were still a rarity because of the COVID-19 pandemic and even the immediate future felt uncertain. Many were asking, ‘what’s next’? By the end of the year, and after COP26 in Glasgow, that question remained pertinent.

However, two key topics remained consistently in focus throughout 2021: decarbonisation, and equality, diversity and inclusion (EDI). With both, the sector and society as a whole are in a period of great transition, and many of our members are looking at how they can participate in building a more sustainable future for all. To remain influential and resilient in this changing world, we need to support our current and future members on that journey.

With this in mind, it has always been my philosophy that we should never stop learning, as individuals and professionally within the organisations for which we work. That is why I picked Skills for the Future as the theme for my presidential report. If we are to help our members, the skills agenda needs to be a priority. CIWM can and must play a crucial role in ensuring that our training programmes help to deliver the skills required to meet future sector needs, and that professionals across the sector have the skills and competences needed to deliver a green transition.

CIWM’s Learning and Development strategy recognises that the systemic change that is happening across the green recovery sector won’t only be about finding technological solutions; it will also need to extend to policy and skills.

In 2021, we continued to listen to our members and learn more about the concerns and tensions that run through the waste and resources sector. That meant hearing from members from all backgrounds and asking whether the institutions we work for are representative of society as a whole. CIWM launched a working group in 2021, which recognises the value in a diversity of voices and viewpoints in all that CIWM does. In embracing this approach, we also recognise that the workforce of the future will be a diverse one, and that we want to reflect our members and the communities that we serve. The working group’s EDI Strategy will help steer the ongoing conversation and planning around EDI in the years ahead, and help drive CIWM’s future success in helping to create a truly diverse and inclusive sector.

When it comes to decarbonisation and global commitments to net zero, 2021 will be remembered for COP26 in November. CIWM was present in Glasgow, representing our own sector, collaborating with other leading sector organisations and asking delegates to challenge the norms around waste and resources as they work to get up to speed on net zero and other policies.

CIWM, like many in the sector, was disappointed that waste wasn’t on the main agenda at COP26, but we collaborated with Suez, Green Alliance, Aldersgate Group and ReLondon at fringe events in Glasgow to highlight how waste can play a key part in decarbonisation across the value chain.

COP26 also highlighted how successful strategies to meet net-zero goals will be dependent on collaboration. We must continue to grow our relationships with other professional bodies and organisations, learn from others’ experiences, and work together to really make a difference.

In 2021, CIWM’s policy and technical team worked tirelessly to input on consultations and lobby for the waste sector. I am pleased to be able to say that CIWM is a trusted voice in many of the discussions that are taking place nationally about decarbonisation and the skills we need to maintain that net-zero ambition. Our commitments towards green recovery and equality have been provided with a solid foundation in 2021. From here, we need to build.

Dr Adam Read CIWM President, 2021/22

Together, we stand for a world beyond waste

NET ZERO

The journey to net zero

In 2021, CIWM took major steps to become a net-zero organisation and ensure the sector has an influential role in addressing climate change

In November 2021, CIWM published a position statement setting out its commitment to becoming a net-zero organisation. The statement underlined how improved resource management and resource efficiency will play a significant role in helping to achieve net-zero carbon emissions in the UK by 2050, and support efforts to limit global warming to 1.5°C.

CIWM believes that by fully embracing circular business models, the resources and waste sector is uniquely placed to help deliver some of the changes society needs to make to mitigate climate change. It also supports the vision set out in the Environmental Services Association’s Net Zero Strategy for the resources and waste sector to reach net zero by 2040. The strategy rightly describes this as a collective ambition, emphasising that success depends on collaborative action across the whole supply chain, with clear policy and regulatory support from government.

A world beyond waste

CIWM’s expertise, the statement said, ‘can help bring about a shift from dealing with waste as an end-of-pipe problem to designing it out at the concept stage; minimising it; recovering greater proportions of resources during the required transition; promoting sharing, designing for durability, and leasing business models; and influencing and helping consumers and companies to move away from wasteful behaviours and towards a world beyond waste’.

CIWM is committed to the resources and waste sector’s critical journey towards net zero and fundamentally believes that effective waste prevention, as part of a functioning circular economy, will be essential to support the UK’s climate objectives.

The strategy for net zero also recognises the unique and wider role that CIWM, as the sector’s professional body, can play in supporting the behaviours, skills and knowledge required to drive positive change across the whole gamut of actors involved in designing, producing, using and reusing products and resources. It also encompasses how CIWM can enable the sector to transition into one that embraces and supports circular business models, while recognising the crucial role that sustainable waste management practices will continue to play.

Pledge to net zero

CIWM is now a signatory to the Pledge to Net Zero and the Professional Bodies Climate Action Charter, and is working on its own organisational greenhouse gas (GHG) reduction measures in line with a 1.5°C climate change scenario. It is reporting annually against these targets, so that CIWM can lead by example and make its own direct contribution to reducing GHG emissions.

By signing the Pledge to Net Zero, CIWM committed to achieving net zero. In our Net Zero Routemap (to be published in 2022), we further commit to achieving this as an organisation by 2030 for Scope 1 and 2 emissions (from our own activities or those under our control, and emissions from the electricity and heat we purchase and use), and by 2035 for Scope 3 emissions (from sources we don’t own or control, such as those associated with business travel, waste and water).

Together, we stand for a world beyond waste

NET ZERO

To meet these targets, CIWM will consider changes to the way it:

Procures goods and services – for example, computers and energy
Travels on business – for example, minimising car travel in favour of rail/public transport
Delivers training – for example, offering more training online.

The Pledge to Net Zero also commits CIWM to publicly report GHG emissions and progress against this target each year, and to publish one piece of research or thought leadership each year on practical steps to delivering an economy in line with climate science and in support of net zero carbon emissions.

By signing up as a supporter of the Professional Bodies Climate Action Charter, CIWM has also committed to:

Chart the path to sustainability for our members
Speak with a unified voice to, and with, professional bodies, government and the public
Empower and inspire our members to drive sustainable growth.

Next steps

As well as taking internal actions to reduce its operational carbon footprint, CIWM will support its members to do the same, both as individuals and within their organisations. It will use its influence and advocacy to encourage and enable others on their path to net zero.

In particular, it will:

Support the sector’s net zero journey through research, thought leadership and advocacy
Champion the sector as part of the solution, articulating the relationship between zero waste, resource efficiency and net-

zero carbon, and how waste minimisation and circular economy approaches can support green economic growth across all industry sectors

Develop and deliver essential training, professional development and sector standards that contribute towards carbon reduction and climate change resilience
Demonstrate that, as an essential utility, the resources and waste sector is also part of the climate resilience debate
Collaborate with and support other stakeholders who are aligned with CIWM’s net zero goals
Work to connect different audiences and agendas at a global, national, local and citizen level – from challenging consumption and wasteful behaviour and pushing for effective policy and regulation, through to cross-government coordination in crucial areas such as green skills. To achieve this, a Climate Change Advisory Group, comprised of CIWM members, will further strengthen CIWM’s ability to guide thinking and formulate a sector-wide strategy to help members on their journey towards net zero.

After working on a full roadmap to net zero throughout 2021, the CIWM Journey to Net Zero document will be published in 2022.

‘Now, more than ever, people are increasingly aware of the impact their single-use lifestyles are having on the environment, and the practice of waste management has rightly been recognised as having a critical role to play in helping to mitigate the climate emergency, recover resources and protect biodiversity. CIWM stands ready to facilitate, drive and support the sector and its members on this journey.’ CIWM President Adam Read

Together, we stand for a world beyond waste

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PROFESSIONAL DEVELOPMENT
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Skills for the future

Dr Adam Read’s presidential report set out a plan to ensure the waste sector develops and retains the skills that will be needed to move towards a world beyond waste

Ensuring employees across the sector have the right skills and competencies to support the transition to a circular and decarbonised economy will be a key aspect of professional development in the coming years.

In 2021, CIWM acknowledged this in Dr Adam Read’s presidential report. The 40-page report, titled Skills for the Future , outlines the skills and knowledge that will help drive the green transition to fully circular systems. It also highlights the critical role of CIWM , government and industry in driving the transition. Skills for the Future was launched at CIWM’s first-ever virtual presidential conference in June 2021 and was then used to inform CIWM’s Learning and Development Strategy.

Featuring more than 40 contributors from universities, the government and other public and private sector zero-waste organisations, Skills for the Future captures the thoughts of CIWM and other professionals in the waste and resource management sector on the key skills, opportunities and competencies they will require to adapt to the changing needs of the sector, broken down into two, five-year transition periods. The report outlines six key skill sets that link into major policy reforms set to be implemented in the UK within the next 10 years, followed by those that will underpin the government’s decarbonisation objectives, circular economy systems and greenrecovery business models.

Skills for the Future was researched and produced by four Fellows appointed by CIWM: Sarahjane Widdowson, Dr Jane Beasley, Ray Georgeson MBE and Dr David Greenfield. The team of experts identified three key areas that would need to be addressed when forming a strategy for the waste management sector:

The environment (the climate crisis, resource pressures, net zero, and so on)
The economy (recession, austerity and increased data transparency)
Society (urbanisation, changes in consumer behaviour, changes related to the COVID-19 pandemic and a shifting policy landscape).

This provided a useful framework for the report to identify those skills needed to make the transition from an early recycling economy, where our society recycles more than it wastes, to a fully fledged carbon economy with a regenerative approach to natural capital and resource life-cycles.

Collaborative relationships

The report outlines how businesses and organisations operating within the resource and waste sector will need to forge more

Together, we stand for a world beyond waste

PROFESSIONAL DEVELOPMENT

Key themes for the future

Environment

Climate crisis; resources and waste strategy and shifting policy landscape; ecological destruction; increased environmental protection; resource pressures; green recovery; COP26; net zero.

Economy

Recession; austerity; new methods of work; digital transformation; increased data transparency; further development of artificial intelligence.

Society

Changes in behaviour; consumer pressures; urbanisation; shifting policy landscape; COVID-19 pandemic accelerating societal and business change; shifting expectations.

collaborative, interconnected working relationships with specialists in other industries to complement the expanded skill set. Using data collected from interviews conducted throughout the sector, the next section lays out a set of six key skills that are needed for the economic transition:

Communications and behaviour change
’Soft skills’ including critical thinking, problem-solving, leadership and teamwork

itself at the forefront of the sector, investing in skills development for new members and creating a robust skills framework for the organisations with which it works.

Finally, CIWM members will need to fully embrace the change to greener skills and resources, and take advantage of the support CIWM provides to create an environmentally forward-thinking culture in their organisations. Everyone must commit to keep learning and sharing knowledge at every opportunity.

Looking ahead

Systems thinking
Data and information technology
Circular economy expertise
Reuse and repair skills.

Each of these skills was given its own section, detailing why it is necessary for the sector, the resources needed to promote and nurture it, any challenges or obstacles in the way, and the steps that must be taken to deal with these challenges.

Soft skills, for example, encompasses a wide variety of competencies, including crisis management, business model application and commercial awareness – all of which are vital for corporations and the government to adapt to a rapidly changing sector. The challenge here is that many organisations lack the knowledge, understanding, resource budgets and mentorship access needed to develop these skills.

This, the report states, is where CIWM can play a vital role, through coaching and mentorship programmes, webinars and sharing knowledge to provide training that fits into specific waste management contexts. CIWM can, the report says, position

Skills for the Future will inform CIWM’s plans for a new competence framework that will be updated annually. A steady programme of training, mentoring and development opportunities will be provided, both for existing resource professionals and those looking to enter the sector over the coming decade. The report was used for CIWM’s Learning and Development Strategy in summer 2021 and tested with key stakeholders in the winter. A new Skills for the Future Working Group, consisting of more than 70 volunteers, will help CIWM continue to assess and respond to the skills needs of the sector.

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Full Report
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Dr Read said: ‘This year’s CIWM Presidential Report not only identifies the key skills that will support the resource and waste sector through forthcoming policy-based changes, but also acts as a call to arms, outlining how forward planning, collaboration and government support are critical if this vitally important transition can take place.’

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The Chartered Institution
of Wastes Management
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Together, we stand for a world beyond waste

EVENTS

Knowledge sharing and thought leadership

In 2021, CIWM helped to shape national policy on waste, packaging, environment, crime and energy, while its centres shared knowledge to help members continue their professional development

CIWM’s regional centres across the UK and Ireland had an active year in 2021. Many events were virtual, but the itinerary was as rich as ever, and some centres began to make the transition back to in-person social gatherings.

In November, the CIWM East Anglia Centre hosted its first in-person meeting since 2020 – an outdoor gathering at which members shared coffee and mince pies. All other events at this centre were virtual, though some members were able to attend the RWM Gala Dinner in Birmingham and the inauguration of President Dr Adam Read at Chelsea Football Club. In June, the East Anglia Centre hosted a webinar on waste data and tracking that featured speakers on a number of topics. A well-attended AGM was held in April 2021.
CIWM’s London and Southern Counties Centre hosted two webinars in 2021: Brexit revisited explored the impact of Brexit on the waste management sector, and an equality, diversity and inclusion (EDI) seminar. Recordings for both sessions can be accessed via the Knowledge Centre on the CIWM website. The London Centre also held its AGM on Zoom in April, while its 63rd annual luncheon went ahead in December as planned. The centre’s council met eight times on Zoom throughout 2021 to plan events and conduct ongoing business.
The South West Centre organised four regionally focused webinars in 2021, and supported the Welsh Centre in organising an online session after its in-person winter event was cancelled. A webinar, Towards a world beyond waste – waste prevention in the South West , featured a speaker from Environment Plymouth. In March, the CIWM Wessex Professional Development Network, which operates as part of the South West Centre, held a full-day Back to Basics seminar at Bournemouth University. It introduced new CIWM members to different aspects of the

Together, we stand for a world beyond waste

EVENTS

work this organisation does, including waste crime, pollution and developments in waste management technology. At the AGM, held in April, nine new members were elected.

Members of the CIWM North West Centre enjoyed a range of online and in-person events including a joint event with the Local Authority Recycling Advisory Committee, held at the GMCA Renew Hub (reuse at an industrial scale). It featured speakers from Defra, Suez and Sharpe Pritchard. Other events included a Meet the Centre Council event to engage new members, an AGM on pandemic waste management, and a Christmas photo competition in aid of Derian House Children’s Hospice.
Over the course of 2021, the North East Centre underwent a restructuring process to ensure a better service and experience for members in the region. It also undertook a plan to further engage with members through a series of open events, including a ‘meeting the North East Centre’ event. It also actively encouraged members to become centre volunteers as part of its plan to increase engagement and community in the North East.
The Cymru Wales Centre had a busy year, with six consultations on topics including clean air, fly-tipping, landfill taxes and digital waste tracking. While most activities were virtual, the centre maintained its efforts to engage with its members and reach out to the public, from a virtual Members’ Drop-In in July to

Consultation responses 2021

The Policy and Technical team, with CIWM’s UK centres, responded and submitted evidence to more than 40 consultations and Select Committee enquiries:

England

BEIS Green Gas Support Scheme: digestate management, Jan 2021
Green Jobs call for evidence, CIWM Response Executive Summary
Green Jobs call for evidence, CIWM Response (Full version)
BSI Flex 5555 community face coverings – specification v1.0
Metal shredders: appropriate measures for permitted facilities
National Planning Framework MHCLG
Sustainable use of pesticides: draft national action plan
Future arrangements for the disposal of maritime pyrotechnics
Best available techniques – A future regime within the UK
Standard Rules 23: proposals for healthcare waste permits
Persistent organic pollutants: draft Stockholm Convention UK implementation plan 2021
CIWM and IOM3 joint response to Environmental principles draft policy statement
Extended producer responsibility for packaging
Introducing a DRS in England, Wales and Northern Ireland
Waste prevention plan for England
Consistency in household and business recycling in England
Attendance requirements for technically competent managers consultation
Heavy goods vehicles: ending the sale of new non-zero emission models
Defra call for evidence on plastic waste 2021
Reforming the framework for better regulation
Technical consultation on Plastic Packaging Tax (General) Regulations 2021
Amendments to the EPR 2016 regulations as applied to groundwater activities and related surface water discharge activities

Northern Ireland

A clean air strategy for Northern Ireland
Climate Change Bill for Northern Ireland
Environmental plans, principles and governance for Northern Ireland –- public discussion document
Call for evidence on a plan to eliminate plastic pollution in Northern Ireland
CIWM Ireland and Northern Ireland response to Revision of EU legislation on hazard classification, labelling and packaging of chemicals
NI Food Strategy Framework consultation
Consultation on policy options for the new energy strategy for Northern Ireland
Consultation on proposed changes to the carrier bag levy
Draft Green Growth Strategy for Northern Ireland

Together, we stand for a world beyond waste

EVENTS

an appearance at the two All Wales Careers Fairs, plus chartered interviews in December. The centre continued to establish links with other organisations in the sector by attending events such as the Waste Sector COVID-19 Stakeholder Group and the Welsh Government and Ministerial Roundtable.

CIWM’s Scotland Centre had a varied programme of virtual events. This included Building sector resilience: what 2020 taught us and what happens now , a 90-minute webinar, featuring panellists from the Scottish government, local councils and the Resource Management Association Scotland. It also included a Q&A and ‘Network Roulette’ to encourage informal networking. An Ask your centre councillor webinar on 6 November allowed members to get answers to any queries they might have. Other events included meetings with partner organisations, participation in Zero Waste Scotland’s pre-consultation stakeholder event, a consultation on a draft strategy for environment and agriculture research, and an online quiz. In addition, the Scotland Centre began a partnership with Club Synergy to plan a programme of Net Walking events that will enable members to get to know each other while enjoying the outdoors.

ROI

National Hazardous Waste Management Plan 2021-2027
Consultation on the second SDG National Implementation Plan
CIWM Ireland and Northern Ireland response to Revision of EU legislation on hazard classification, labelling and packaging of chemicals
DRS consultation on a legislative framework response
Construction and demolition waste guidelines

Scotland

Cleaner air for Scotland
Nitrogen balance
Introducing market restrictions for single-use plastics
Draft Public Engagement Strategy for Climate Change
River basin management plans –- silage, slurry and anaerobic digestate – improving storage and application
Draft Environmental Protection (Single-use Plastic Products and Oxo-degradable Plastic Products) (Scotland) Regulations 2021: discussion paper
National Planning Framework for Scotland
Following the release of the Irish government’s Waste action plan for a circular economy in 2021, the CIWM centre in the Republic of Ireland spent the year collaborating with the government to produce a more comprehensive waste management strategy. Standout projects included a draft Circular Economy Bill and a revision of the EU Hazard Classification, Labelling and Packaging guidance. Centre councillors were active on the Department of the Environment, Climate and Communication’s waste advisory group, and on workshops with regional and local authorities to develop a new national waste management plan.
Scottish landfill tax – further clarity and certainty: consultation
Hidden economy conditionality – Northern Ireland and Scotland

Wales

Priorities for Climate Change, Environment and Infrastructure Committee
Landfill disposal tax (Wales) 2017 review
White Paper on a Clean Air (Wales) Bill
Litter and fly-tipping prevention plan for Wales

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Immediate past President
Trevor Nicoll (2020-2021)
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Together, we stand for a world beyond waste

SELECT STATISTICS

2021 in numbers

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290,000
unique visitors to
Circular Online
83
28,000
people registered on the Mentoring platform
70 registered as mentees,
followers on social
(Twitter, LinkedIn, 10 as mentors
Circular LinkedIn group) 3 as both mentors and mentees
19
124,000
52
Connect page views
members approved
members achieved Fellow for chartered status
status (two direct entry) (10 direct entry)
1,500 355
professionals completed
Connect posts
CIWM e-learning courses
227 152
delegates on scheduled courses EPOC certificates awarded
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Together, we stand for a world beyond waste

2021 in numbers

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73 103
advisory panels, working groups and policy networks formal and informal consultations responded to
with CIWM representation (HQ & CIWM centre responses)
18 217
mentions in online
collaborative technical and
UK media
policy initiatives and events
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2,642
attended webinars
157 252 637
attended the attended the Scottish Resources attended Resourcing the
Presidential Inauguration online Conference online Future online
798 388
attended the London & Southern attended the Gala Dinner
Counties Christmas Luncheon
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Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

Impact and influence: taking action for a resilient future

In 2021, up-front in CIWM’s priorities was a focus on how the organisation and its members could help create a more equal, inclusive and sustainable future for all

If 2020 will be remembered as a year shaped by the need for people and organisations to adapt to the Covid-19 pandemic, 2021 was a year of looking ahead and taking positive steps to meet the challenges of the future.

Equality, diversity and inclusion

In March, CIWM established its first-ever equality, diversity and inclusion (EDI) working group, an important step in the long-term process of revitalising its EDI strategy. The three-year strategy will ensure the Institution is open and inclusive to all, regardless of background, ability, ethnicity, gender or sexual orientation. More than that, CIWM is committed to ensuring opportunities and support are fair and equal across the organisation, its membership and the whole recycling and resource management sector.

The group organised seven focus groups, arranged around ethnicity, age, gender, social mobility, LGBT, disability and general inclusivity. Among the topics they discussed were policies, training and events. At this stage, the goals of the focus groups were to widen the reach of the EDI working group, receive feedback, and gain perspectives on what CIWM and the sector as a whole can do to improve EDI.

Circular economy

April brought a first for CIWM, with the inaugural Festival of Circular Economy. The two-day flagship event celebrated all aspects of the circular economy and the organisations working towards it, acting as a forum for idea generation and learning from those at the forefront of change. The itinerary included case studies, interactive exhibitions and plenary conference sessions. The opening keynote speech was given by sustainability pioneer Dr Walter Stahel, who is credited with inventing the concept of the circular economy in 1982.

‘It will be my privilege to show how “recyclers” and “waste managers” in charge of today’s legacy waste will become managers of “value platforms” for components and molecules, once circular materials have been commercialised,’ Dr Stahel said before the festival. His speech on the day provided a new vision for realising the full value of our natural resources in the commercial sector. Other big-name speakers from the corporate sector included Laura Richards, senior business development manager at eBay, and Niall Walker, from the multinational beverage company Diageo.

Learning and development

June saw the release of CIWM president Dr Adam Read’s Skills

Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

for the Future report, which outlines how CIWM can collaborate with scientific sectors, the government and manufacturing industries to make the circular economy a reality. Following its launch at a conference, Skills for the Future provided a foundation for CIWM’s Learning and Development Strategy.

The report maps out the road to creating a fully decarbonised economy with a regenerative approach to natural capital, then expands on the connections that must be made with scientific, design and manufacturing industries for this to happen. It outlines six key skill sets that link to the Government’s decarbonisation objectives, circular economy systems and green-recovery business models: systems thinking, communication, soft skills, IT, specialist circular economy expertise, and reuse and repair skills. By highlighting the role each industry plays in product life-cycles, the report opens opportunities for collaboration and connection.

Commenting on the Skills for the Future launch, Read said: ‘The resource and waste sector will sit at the heart of a future circular economy and a post-pandemic green recovery, but to ensure this can happen we need to upskill our workforce and attract new talent while collaborating with other industries, academic institutions and leading professional bodies.’

Acting against modern slavery

In July, CIWM released a joint Modern Slavery Pledge alongside the Environmental Services Association (ESA), in accordance with the 2015 Modern Slavery Act. The pledge marks ESA and CIWM’s commitment to raising awareness of modern slavery and stamping it out where it arises. Both organisations will also provide guidance and signposting support to help the waste management sector develop proactive anti-slavery strategies.

In 2018, around 7,000 people were formally identified as being potential victims of modern slavery in the UK – up 300 per cent from 2013. The situation is, however, likely to be far more severe, with The Global Slavery Index estimating that there are around 136,000 people living in modern slavery in the UK at any one time.

‘Issues as complex as modern slavery can only be addressed through meaningful collaborative and cross-sector working,’ said CIWM CEO Sarah Poulter. ‘The UK waste and recycling sector has developed some of the most robust employment practices in the UK, but there is always more that we can do. Both CIWM and ESA have been committed to addressing this issue for some time now, and a crucial first step was to recognise that we work in an industry where this can be a problem, and to promote honest and open dialogue.

‘We look forward to working with ESA and our members to implement effective working practices that will protect the people and businesses delivering this vital service.’

Five-year plan

CIWM maintained this spirit of growth and preparation throughout the autumn quarter. September 2021 saw the release of its Strategy Document – a five-year plan for 2022-27 that lays out the steps towards a world without waste in accordance with CIWM’s values as an organisation. The strategy focuses on six key areas:

Pioneering professional standards Continuing to raise standards for professional excellence – maintaining support for the development of effective, successful and qualified professionals.
Nurturing innovation Encouraging innovation and adaptation in an increasingly mobile and digital world.
Advocating with an authoritative voice Advocating on behalf of members, representing the interests of professionals, influencing society’s approach to resource management, and promoting the benefits of a circular economy.
Enhancing engagement and connectivity Treating resource efficiency as a global social responsibility – empowering businesses to take action worldwide.

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Many local authorities faced resource challenges
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Together, we stand for a world beyond waste

IMPACT AND INFLUENCE

WAMITAB integration

In December, after two years of hard work, CIWM’s process of integration with the Waste Management Industry Training & Advisory Board (WAMITAB) awarding body was completed.

The integration required development of a withdrawal plan for WAMITAB to cease delivery of all regulated qualifications and apprenticeship end-point assessments. CIWM also needed to develop the documentation, systems, teams and processes to apply to become an awarding organisation and endpoint assessment organisation recognised by the educational regulators in England, Wales and Northern Ireland. As of 20 December, all WAMITAB activities successfully transferred to CIWM including the development and awarding of WAMITAB’s waste management qualifications, as well as current learners and training providers. The two organisations now operate from CIWM’s head office in Northampton.

Cultivating communities of practice

Establishing a culture and framework that encourages professional relationships to flourish and members to promote ideas, impart knowledge, share problems, suggest solutions, advocate best practice, and build personal networks that enhance their career opportunities.

Leading through excellence

Building an effective, efficient and high-performing membership organisation with financial strength and organisational resilience.

As well as reinforcing CIWM’s core values of collaboration, creativity, determination, adaptation and consideration, the document opens a conversation on how CIWM can become a more resilient, forward-thinking organisation over the next five years.

CEO Sarah Poulter said: ‘The integration of CIWM and WAMITAB will help realise our ambition to move the world beyond waste by building on our respective industry experience, recognition and reputation to educate, professionalise and advocate for the waste and resource management sector.

‘We want to ensure that CIWM is positioned to deliver high-quality education, training and qualifications, creating and supporting a skilled workforce that is equipped to deliver the vital transition to a circular economy. I am keen to work closely with WAMITAB centres and stakeholders to identify new partnership opportunities, open up new markets, and share ideas and best practice, ultimately building a worldclass education portfolio for our sector.’

Social responsibility

In November, after several months of hard work, CIWM was awarded Gold-level accreditation from CSR Accreditation (CSR-A), a leading UK-based awarding body for corporate social responsibility.

the wider resources and waste sector to contribute to CIWM’s consultation responses.

Partnership with WasteAid

Achieving CSR Accreditation is a visible testimony of excellence in social responsibility. The accreditation helps you integrate social, environmental, ethical, human rights and consumer concerns into your business operations and strategy. Receiving this is an acknowledgement of CIWM’s ability to deliver on promises, engage in meaningful philanthropic work and remain accountable to the public. In the same month, CIWM released its Social Impact Report detailing its work on inclusion, net zero, health and wellbeing, community engagement, and philanthropy.

November also marked the beginning of CIWM’s landmark partnership with international NGO WasteAid, to promote waste management best practice in Banjul, the capital of The Gambia. This 18-month project will build on WasteAid’s current recycling projects in the area, while supporting local innovation and new engagement opportunities. The aim is to help the Banjul community and other stakeholders develop a shared vision for a circular economy. The partnership with WasteAid will help CIWM deliver on the goals set in its 2022-27 strategy and ensure professional support remains up to date.

“CIWM’s achievements throughout 2021 demonstrate the impact the organisation has on a national and global level.”

Task and Finish group webinars

The CIWM Policy and Technical team established a series of Task and Finish group webinars giving attendees insight from the main players involved in the Deposit Return Scheme, Extended Producer Responsibility and Consistent Collection consultations, as well as enabling thoughts and feedback from members and

CIWM’s achievements throughout 2021 demonstrate the impact the organisation has on a national and global level. The strategic planning, decision-making and knowledge sharing undertaken this year is sure to pay off in the future, bringing us ever closer to making the circular economy a reality.

Together, we stand for a world beyond waste

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 2021

Together, we stand for a world beyond waste

Trustees’ report for the year ended 31 December 2021

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 2021, and up to the date of signature of the financial statements, except where indicated, were:

T Nicoll FCIWM

A Read FCIWM CEnv

A Willetts FCIWM

E Kiernan FCIWM CEnv

J Kutner FCA CTA FCIWM

D Cooke 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)

W Hubbard MCIWM

T Walker FCIWM CEnv

V Hughes FCIWM

L Parkes FCIWM
L Ward MCIWM
M Gover MCIWM
D Simpson FCIWM

(in post from 29.06.21)

Together, we stand for a world beyond waste

Trustees’ report (continued)

Key Management Personnel

S Poulter Group Chief Executive P Sloggett Marketing Director A Havard Operations Director K Cockburn Professional Services Director L Marshall FCIWM Policy and External Affairs Director (in post from 1.12.21)

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 6th Floor 9 Appold Street London, EC2A 2AP

Together, we stand for a world beyond waste

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 2021.

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.

On 20 December 2021 the activities of the Wastes Management Industry Training and Advisory Board (WAMITAB) was merged into CIWM and all activities of WAMITAB ceased. This merger was undertaken following extensive consideration and assessment of the CIWM and WAMITAB Trustees and was completed with approval of the Charity Commission under a section 105 order authorised in November 2020. In assessing the merger the Trustees considered that CIWM and WAMITAB share charitable objects and it was therefore in the best interest of both charities to merge their activities.

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 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

In August 2021 CIWM launched a new strategy and outlined an updated purpose, mission and value proposition.

CIWM’s purpose is to move the world beyond waste.

Our mission is to unite, equip and mobilise our professional community to lead, influence and deliver the science, strategies, businesses and policies for the sustainable management of resources and waste.

Together, we stand for a world beyond waste

Trustees’ report (continued)

Objectives, Aims and Intended Impact (continued)

Our value proposition is ‘creating more for professional life’ the benchmark of professionalism, resources and achievement for our sector.

We deliver this through the CIWM Way which is a statement of our values; collaboration, creativity, determination, adaptation and consideration.

Our strategy outlines the role CIWM and its members will play in shaping the future of waste, recycling and resource management, in line with the United Nations Sustainable Development Goals. It is centred around six themes that will enable our organisation to act as a vital change agent for the transition to a low-carbon circular economy.

Pioneering professional standards
Nurturing innovation
Advocating with an authoritative voice
Enhancing engagement and connectivity
Cultivating communities of practice
Leading through excellence

As we implement our strategy, you will see us doing more of what we do best: delivering highquality services and developing new opportunities that are consistent with our core purpose and values. This will be enabled by continuing to operate a sound, not-for-profit business and sustaining day-to-day operations whilst investing in future opportunities.

The objectives outlined in these themes reflect both CIWM’s long held priorities as the professional body for the sector and its additional objectives as a qualifications awarding body:

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;
raise awareness and understanding of resource and waste issues amongst all sectors of society both within the United Kingdom and internationally;
promote and award qualifications and learning that underpin high standards of education, practice and competence across the sectors it serves;
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.

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)”.

Together, we stand for a world beyond waste

Trustees’ report (continued)

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. These have been revisited inline with the new CIWM strategy which cements these activities into the six pillars and CIWM Way referenced above.

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.

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, sustainably and professionally with excellent customer service. It promotes, maintains, improves and recognises professional standards in the sector; and 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.

Together, we stand for a world beyond waste

Trustees’ report (continued)

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.

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 surplus of £364,327 (2020 deficit: £137,288) before restructuring costs of £141,564, despite some continuing impact of the Covid-19 outbreak on the operations. The budget for the year had been set to show a small surplus and the actual result reflects the commitment and hard work put in by Trustees, Centres, and staff to address the continuing challenges. The impact of the Covid-19 outbreak now no longer significantly affects the results although the nature of the provision of some of the services will permanently change because of the development of on-line events and courses. The Trustees have again forecasted a small surplus for 2022.

The restructuring costs arose from the decision by the Trustees of CIWM and WAMITAB to merge and this resulted in restructuring costs in the 2021 accounts of £141,564 (2020: £271,358). The restructure has now been completed and all the assets of WAMITAB were transferred to CIWM on 20 December 2021 and no further restructuring costs are anticipated.

As a result of the merger the funds held by WAMITAB which had been shown as a Restricted Fund have now been absorbed into the CIWM General Funds in accordance with an order issued by the Charity Commission and separate figures for WAMITAB are no longer shown.

Following a review of the Reserves Policy by the Trustees it was decided that awards would be made to projects which are in line with guidelines set by the Trustees. The first of such awards was made to WasteAid and a sum of £150,000 was granted from funds designated for this purpose.

CIWM (including CIWM Enterprises Limited) has recorded net income (a surplus) for the year of £72,763 after allowing for restructuring costs of £141,564 and the grant to WasteAid of £150,000; the comparative for 2020 was a deficit of £408,646.

The Gala Dinner and the London Centre Christmas Lunch, which are deemed to be non-charitable activities, are the only activities in CIWM Enterprises. CIWM Enterprises closed the financial year ended 31 December 2021 with a profit of £57,546; the comparative for 2020 was a loss of £999.

Together, we stand for a world beyond waste

Trustees’ report (continued)

FINANCIAL REVIEW AND RESULTS FOR THE YEAR ( continued )

After recognition of realised and unrealised investment gains of £536,289 (2020: £113,515), the net consolidated income (a surplus) to be transferred to all reserves was £609,052 (2020: net consolidated expenditure, a deficit, £295,131) which means that the CIWM Group consolidated funds have increased from £6,780,366 to £7,389,418.

Reserves policy

The total unrestricted funds (that is the Designated funds and the General Funds) held by the group as at 31 December 2021 were £7,364,845 (2020: £6,755,793).

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

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 £5,865k. The Trustees have considered how to utilise some of the reserves each year in the furtherance of their objectives and will allocate amounts each year to specific projects. The first of these projects was the grant to WasteAid of £150,000 in 2021 and further project awards have already been approved in 2022.

In 2016 WAMITAB agreed to make donations to the Waste Environmental Education Research Trust (WEERT) of up to £250,000 for projects to be agreed subject to certain conditions. Following the merger of WAMITAB into CIWM in 2021, the Trustees of CIWM have agreed, in principle, to make such donations provided that they are for specific projects which the Trustees consider meet the criteria for CIWM projects, and any proposed projects are approved by the Trustees. Therefore, a sum of £250,000 has been transferred to designated funds.

Investment policy and objectives

CIWM holds two portfolios of investments for which Trustees obtain expert investment management advice from the respective discretionary investment managers.

Both portfolios have a policy of medium risk with the portfolios 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 above the rate of inflation. Both portfolios exclude direct investment in companies involved in Tobacco, Armaments, Pornography, Gambling, Environmental pollution, and Fossil Fuels.

All investment income received on both portfolios is reinvested.

Together, we stand for a world beyond waste

Trustees’ report (continued)

Investment performance against objectives

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

The two portfolios generated investment income of £95,081 (2020: £103,490) which was re-invested. The investment portfolios recorded unrealised gains for the year which total £523,460 (2020: unrealised gain £100,710). Disposals of investments made during 2021 from the two portfolios resulted in realised gain of £12,829 (2020: realised gain £12,805).

Risk Management

General Council is responsible for the management of the risks faced by CIWM. 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

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

The Audit and Risk 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.

Together, we stand for a world beyond waste

Trustees’ report (continued)

FUTURE PLANS

CIWM’s future plans are outlined in the CIWM five year strategy launched in August 2021. Our new strategy is about clear, decisive steps to shape a future-ready, resilient organisation that enables our professional community to be at its best and ready to make our actions count.

It is centred around six themes that will enable our organisation to act as a vital change agent for the transition to a low-carbon circular economy.

Pioneering professional standards

We will continue to set and raise standards for professional excellence – maintaining our support for the development of effective, successful, and qualified professionals.

Nurturing innovation

As the age of digitalisation changes our world with breath-taking speed, we will support our members and the global community by enabling and encouraging innovation.

Advocating with an authoritative voice

Our status as the leading voice in the sector underpins our ability to advocate on behalf of our members, represent the interests of professionals, influence society’s approach to resource management, and promote the benefits of a circular economy.

Enhancing engagement and connectivity

Resource efficiency is a global social responsibility. Our role is not only to inform and educate businesses, organisations, and individuals about that responsibility, but also to inspire and enable them to take action – worldwide.

Cultivating communities of practice

We establish a culture and framework which encourages professional relationships to flourish and members to promote ideas, impart knowledge, share problems, suggest solutions, advocate best practice, and build personal networks that enhance their career opportunities.

Leading through excellence

Achieving our purpose requires an effective, efficient and high-performing membership organisation, with financial strength and organisational resilience, which leads by example.

Our ambitious purpose and strategy have been created as a collaboration between members and Trustees. It is owned by all of us. Because, together, we have the knowledge, creativity and determination to move the world beyond waste.

The full strategy is available on CIWM’s website at ciwm.co.uk/strategy.

Together, we stand for a world beyond waste

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 . The General Council made changes to the Practice Directions in June 2021 (to confirm that Fellows retain their Chartered status and to allow for an Extraordinary General Meeting to be held remotely). In September 2021, following an Extraordinary General Meeting CIWM made changes to the Bye-Laws, Regulations and Practice Directions.

These changes were mainly to correct minor inconsistencies or to bring the constitution up to date with the current practices such as virtual rather than face to face meetings. The most significant changes were -

Confirmation that Honorary Officers are automatically General Councillors – clarifying that the CIWM Presidential Team are General Councillors and therefore Trustees.
Confirmation that Chartered status is not a pre-requisite to be CIWM General Councillor – there were inconsistencies in the document as to whether a General Councillor had to be Chartered or a CIWM Member at any grade.
Change to allow Centre Councils (CIWM’s regional volunteer groups) to appoint members at any grade to be Co-Opted Centre Councillors and of the terms of these Councillors – this allows a broader range of views on Centre Council and clarifies confusion about how long a Co-Opted Centre Councillor can be in post.
Confirmation of the requirement for an annual Presidential Inauguration and the maximum time allowed between each inauguration – this also confirmed that the Presidential Inauguration is the date on which all Trustees terms start and that the time between each Presidential Inauguration is a Period.
Confirmation of the number of Periods a General Councillor (Trustee) can serve – including confirmation that those who are appointed on the Presidential team can be a Trustees for an additional four Periods.

The Practice Directions were also changed in October 2021 in preparation for the merger of WAMITAB into CIWM which took place on 20 December 2021. The change to the Practice Directions was to create a Qualifications & Professional Standards committee, to ensure CIWM meets it responsibilities as an Awarding Organisation, and an End Point Assessment Organisation, and to advise and support the implementation of the CIWM learning and development strategy.

Changes to the Bye-Laws were confirmed by the Privy Council in February 2022.

The governing documents can be viewed on CIWM’s website at ciwm.co.uk/constitution.

Together, we stand for a world beyond waste

Trustees’ report (continued)

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. 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.

Induction and Training of General Councillors

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

We provide regularly provide updates to Trustees about relevant newsletters and guidance documents from the NCVO and the Charity Commission.

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

Organisational Management

CIWM’s General Council have overall responsibility for the management of CIWM and delegate various responsibilities to the CIWM leadership team and staff and to sub-committees. The terms of reference and members of these committees are outlined in the CIWM governing documents.

Members’ Council, the Scientific & Technical committee and the Qualifications & Professional Standards committee all report into General Council and there are two review committees, focused on Audit & Risk and Corporate Governance & Professional Ethics. These have independent Chairs, 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 20 December 2021 the activities of the Wastes Management Industry Training and Advisory Board (WAMITAB) was merged into CIWM and all activities of WAMITAB ceased. The dormant subsidiaries of WAMITAB, Asset Skills Ltd and WAMITAB Services Ltd also transferred to CIWM.

During 2021, CIWM also had three dormant subsidiaries, CIWM International Limited, Waste Smart Limited and Resource Smart Limited.

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.

Together, we stand for a world beyond waste

Trustees’ report (continued)

Group Structure and Relationships (continued)

CIWM also runs several task and finish or working groups in order to influence and support CIWM projects. In 2021 this included the CIWM Equality, Diversity & Inclusion (EDI) working group which was set up to help deliver CIWM’s EDI strategy, which was launched in April 2022.

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.

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 21 September 2022.

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.

Together, we stand for a world beyond waste

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 24 June 2022

Together, we stand for a world beyond waste

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 2021, 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 2021 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

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 28, the trustees 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.

Together, we stand for a world beyond waste

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

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.
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.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilties, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Together, we stand for a world beyond waste

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

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 Charities Act 2011, 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.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Together, we stand for a world beyond waste

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

Use of our Report

This report is made solely to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011 and 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

7 July 2022

6[th] Floor 9 Appold Street London EC2A 2AP

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

Chartered Institution of Wastes Management

Consolidated statement of financial activities for year ended 31 December 2021

		Unrestricted funds	Unrestricted funds
	Note	General	Designated	Endowment	Total funds	Total funds
		Funds	Funds	Funds
					2021	2020
Income		£	£	£	£	£
Income from charitable activities:
Membership subscriptions		723,297	-	-	723,297	745,720
Affiliated Organisation income		327,640			327,640	314,873
Regional centre income		6,194	-	-	6,194	4,926
Charitable trading income		765,486	-	-	765,486	438,232
Income from provision of qualifications		1,129,941	-	-	1,129,941	1,137,401
Income from trading activity:
Commercial trading operations		216,234	-	-	216,234	-
Investment income	8	95,081	-	-	95,081	103,490
Interest receivable		272	-	-	272	3,845
Other income		44,513	-	-	44,513	102,407
Total income		3,308,658	-	-	3,308,658	2,850,894
Expenditure
Expenditure on raising funds
Investment management		(35,285)	-	-	(35,285)	(31,272)
Commercial trading operations		(148,322)	-	-	(148,322)	(998)
Charitable activities:
Charitable trading expenditure		(275,998)	-	-	(275,998)	(229,529)
Provision of qualifications		(221,106)	-	-	(221,106)	(259,349)
Staff costs		(1,568,306)	-	-	(1,568,306)	(1,721,448)
Regional centre expenses		(11,202)	-	-	(11,202)	(16,458)
Committee directed costs		(77,058)	-	-	(77,058)	(41,573)
Committee running costs		(5,121)	-	-	(5,121)	(5,714)
Premises costs, postage, stationery,		(386,085)	-	-	(386,085)	(471,113)
communications
Restructuring costs	5	(141,564)	-	-	(141,564)	(271,358)
Travel and accommodation		(7,965)	-	-	(7,965)	(11,341)
Insurances and other Professional fees		(103,976)	-	-	(103,976)	(57,384)
Amortisation		(13,828)	-	-	(13,828)	(48,224)
Depreciation		(55,667)	-	-	(55,667)	(50,240)
Loss of Disposal of Fixed Asset		(7,436)	-	-	(7,436)	-
Financing costs		(26,976)			(26,976)	(22,466)
Grant to SWITCH Forum	15	-	-	-	-	(21,073)
Grant to WasteAid		-	(150,000)		(150,000)	-
Total expenditure		(3,085,895)	(150,000)	-	(3,235,895)	(3,259,540)
Net income/ (expenditure)		222,763	(150,000)	-	72,763	(408,646)
Net gains/ (losses) on investment assets		536,289	-	-	536,289	113,515
Net income/ (expenditure)		759,052	(150,000)	-	609,052	(295,131)
Transfers between funds	15	(400,000)	400,000	-	-	-
Net movement in funds	5	359,052	250,000	-	609,052	(295,131)
Total funds brought forward	15	6,755,793	-	24,573	6,780,366	7,075,497
Total funds carried forward	15	7,114,845	250,000	24,573	7,389,418	6,780,366

The Charity has no recognised gains or losses for the year (2020: £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 2020 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

Chartered Institution of Wastes Management Consolidated balance sheet as at 31 December 2021

Note
Fixed assets
Intangible assets
10
Tangible assets
10
Investments
11
Current assets
Debtors
12
Investments
Cash at bank and on deposit
Creditors:amounts falling due within one year
13
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

2021
2020
£
£
£
£
39,239
41,867
70,476
105,264
5,938,592
5,345,000
6,048,307
5,492,131
594,660
594,174
575,000
999,823
1,030,521
797,189

2,200,181
2,391,186
(859,070)
(1,102,951)
1,341,111
1,288,235
7,389,418
6,780,366
7,389,418
6,780,366
24,573
24,573
-
-
250,000
-
7,114,845
6,755,793
7,389,418
6,780,366

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

These financial statements were approved by the General Council on 24 June 2022 and were signed on its behalf by:

A Read J Kutner President Honorary Treasurer

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Charity balance sheet as at 31 December 2021

Note 2021 £ Fixed assets Intangible assets 10 Tangible assets 10 Investments 11 Current assets Debtors 12 580,022 Investments 575,000 Cash at bank and on deposit 942,910 2,097,932 Creditors:amounts falling due within one year 13 (823,928) 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	2020 £ £ 39,239 70,476 5,938,699 6,048,414 575,922 999,823 760,136 2,335,881 (1,057,207) 1,274,004 7,322,418 7,322,418 24,573 - 250,000 7,047,845 7,322,418	£ 41,867 105,264 5,345,107 5,492,238 1,278,674 6,770,912 6,770,912 24,573 - - 6,746,339 6,770,912

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

These financial statements were approved by the General Council on 24 June 2022 and were signed on its behalf by:

A Read President

J Kutner Honorary Treasurer

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Consolidated Statement of Cash Flows for the year ended 31 December 2021

	2021	2020
	£	£
Cash flow/(outflow) from operating activities
Net cash (used in)/ provided by operating activities	(190,025)	(114,941)
	═══════	═══════
Cash flows from investing activities
Interest, dividends and other investment income received	95,353	107,335
Proceeds from sale of fixed assets	-	-
Proceeds from disposal of fixed asset investments
excluding endowment funds	689,531	794,008
Acquisition of fixed asset investments excluding
endowment funds	(790,610)	(780,796)
(Additions)/disposals to investments in current assets	424,823	(1,522)
Payments to acquire tangible and intangible fixed assets	(39,516)	(44,401)
	────────	────────
	379,581	74,624
	═══════	═══════
Net increase in cash and cash equivalents	189,556	(40,317)
Cash and cash equivalents at beginning of year	1,046,131	1,086,448
	───────	────────
Cash and cash equivalents at end of year	1,235,687	1,046,131
	═══════	═══════
Cash and cash equivalents at end of year comprise
Cash at bank and on deposit	1,030,521	797,189
Cash held within the investment portfolio	205,166	248,942
	───────	────────
Cash and cash equivalents at end of year	1,235,687	1,046,131
	═══════	═══════

Reconciliation of net income/ (expenditure) to net cash flow	from operating activities
	2021	2020
	£	£
Net income/(expenditure) including endowments	609,052	(295,131)
Adjustments for:
Amortisation/Depreciation charges	69,495	98,464
Loss on disposal of fixed assets	7,436	-
Net (gains)/ losses on investments	(536,289)	(113,515)
Investment income	(95,353)	(107,335)
Decrease/ (increase) in debtors	(485)	25,253
Increase/ (decrease) in creditors	(243,881)	277,323
	───────	───────
Net cash (used in)/ provided by operating activities	(190,025)	(114,941)
	═══════	═══════

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

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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)’ – (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 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.

There are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern. The accounts therefore continue to be prepared on a going concern basis.

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies ( continued )

Basis of consolidation and Group financial statements

On 20 December 2021 CIWM officially merged with its charitable subsidiary, The Wastes Management Industry Training and Advisory Board (WAMITAB). Merger accounting has been applied to this group reconstruction in accordance with Section 19 of FRS 102. With merger accounting, the financial statements are presented as if the new structure had always been in existence.

The financial statements consolidate the financial statements of CIWM (which include the results of WAMITAB, as described above) and its wholly owned non-charitable subsidiaries, CIWM Enterprises Limited (trading), CIWM International Limited (dormant),Waste Smart Limited (dormant), Resource Smart Limited (dormant), Asset Skills Ltd (dormant) and WAMITAB Services Ltd (dormant) on a line-by-line basis.

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. Each year the General Council allocate an amount of money to be used to deliver Projects which support CIWM’s objectives.

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.

Income

Income is recognised when CIWM 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; 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

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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, supporting the regional Centres and membership and other activities undertaken to further the purposes of the charity and the 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

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies ( continued )

Allocation of Support Costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support CIWM’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) whilst the economic life of such equipment is normally longer. CIWM classifies the lease of its office as an operating lease; the title remains with the lessor and the lease has fixed terms whilst the economic life of the property is normally longer. 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

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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 are included within unrestricted funds.

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

Unlisted Investments

Unlisted investments are held by CIWM to generate a return on capital invested for the charity.

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 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.

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies ( continued )

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.

Pensions

CIWM operates a contribution pension scheme, the Legal and General Work Save Pension Plan. 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 the Legal and General Work Save 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.

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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.

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 2021 and 2020 the Trustees consider that there were no key sources of estimation uncertainty.

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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 2021 is shown below.

Charitable Activities Expenditure on raising funds £ £ Governance – see below 106,158 - Finance & IT 292,123 6,815 HR & General Administration 10,710 - 408,991 6,815	Other £ - 7,604 - 7,604	Total allocated 2021 Basis £ 106,158 Staff time and actual costs incurred 306,542 Staff time and usage 10,710 Actual costs incurred 423,410

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 - Total 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 Staff time 485,360

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

4 Analysis of Support Costs (continued)

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	2021 £ 5,121 31,387 6,873 62,777 106,158	2020 £ 4,591 25,128 29,453 99,448 158,620

5 Movement in net funds for the year

5 Movement in net funds for the year
	2021	2020
	£	£
*Movement in net funds is stated after charging:*
Auditors’ remuneration:
Audit fees - group	31,387	25,128
- charity	31,387	25,128
Non audit fees - group	413	2,550
Amortisation of intangible fixed assets	13,828	48,224
Depreciation of tangible fixed assets	55,667	50,240
Operating lease payments	74,859	200,930

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

5 Movement in net funds for the year (continued)

Restructuring Costs

Staff termination costs Onerous lease provision Staff recruitment costs IT & office costs Legal & Professional fees	Group 2021 £ - - 26,494 31,290 83,780 141,564	Group 2020 £ 161,182 95,893 - - 14,283 271,358	Charity 2021 £ - - 26,494 31,290 83,780 141,564	Charity 2020 £ 161,182 95,893 - - 14,283 271,358

6 Payments to General Council members

No Trustees received emoluments during the period (2020: £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	2021 £ 440 440 2	2020 £ 1,540
		1,540
		3

7 Staff numbers and costs

The average number of persons employed by the group during the year was 34 (2020: 38) and the average number of full-time equivalent employees (including casual and parttime staff) during the period was as follows:

Charitable activities Support	2021 Number 30 4 34	2020 Number 31 5 36

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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:
	2021	2020
	£	£
Wages and salaries	1,187,803	1,411,815
Social security costs	129,671	144,460
Pension contributions to defined contribution pension schemes	99,309	106,917
Termination payments	24,645	161,182
	1,441,428	1,824,374

All employees are eligible to join CIWM’s health insurance schemes and premiums paid in respect of those who have opted for membership was: 2021 £9,968 (2020: £14,812) . CIWM also provides all employees with insurance cover for Death in Service and Permanent Health Insurance cover - premiums paid: 2021 £25,798 (2020: £ 20,052 ).

Key management personnel include the Trustees, Chief Executive Officer, Marketing Director, Operations Director, Professional Services Director and the Policy & External Affairs Director. Total pay & benefits received by key management personnel was £386,842 (2020: £405,099).

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.
	2021	2020
	No	No
£60,001 - £70,000	4	1
£70,001 - £80,000	-	1
£80,001 - £90,000	-	-
£90,001 - £100,000	-	-
£100,001 - £110,000	-	-
£110,001 - £120,000	-	-
£120,001 –£130,000	1	2
£130,001 - £140,000	-	-

Pension contributions relating to employees earning more than £60,000 amounted to £29,564 (2020: £30,413).

The Chief Executive Officer receives a fixed monthly car allowance as part of salary.

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

8 Income from fixed asset investments

Income from fixed asset investments: Listed and common investment funds	2021 £ 95,081	2020 £ 103,490

9 Indemnity insurance

The CIWM Group operates trustees’ and officers’ liability insurance cover at a total cost of £3,360 ( 2020: £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 2021	264,188	716,303	473,527	1,142,440
Additions	11,200	-	28,316	148,109
Disposals	-	(716,303)	(285,549)	(834,863)
At 31 December 2021	275,388	-	216,294	455,686
*Amortisation/Depreciation*
At 1 January 2021	222,321	261,441	368,263	669,685
Charge for year	13,828	5,619	55,667	33,958
Disposals	-	(267,060)	(278,112)	(385,620)
At 31 December 2021	236,149	-	145,818	318,023
*Net book value*
At 31 December 2021	39,239	-	70,476	137,663
At 31 December 2020	41,867	454,862	105,264	472,755

The net book value at 31 December 2021 represents fixed assets used for:

Fixtures & Fittings/Office Equipment £ Computer Software £ Headquarters 70,476 39,239	Total £ 109,715

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

10 Intangible and Tangible Fixed Assets ( continued )

Charity
	Intangible	Tangible
	Fixed Assets	Fixed Assets
		Fixtures &
	Computer	Fittings/Office
	Software	Equipment
	£	£
*Cost*
At 1 January 2021	264,188	473,527
Additions	11,200	28,316
Disposals	-	(285,549)
At 31 December 20201	275,388	216,294
*Amortisation/Depreciation*
At 1 January 2021	222,321	368,263
Charge for year	13,828	55,667
Disposals	-	(278,112)
At 31 December 2021	236,149	145,818
*Net book value*
At 31 December 2021	39,239	70,476
At 31 December 2020	41,867	105,264

The net book value at 31 December 2021 represents fixed assets used for:

Fixtures & Fittings/Office Equipment £ Headquarters 70,476 11 Fixed asset investments Listed investmentsat market value Cash held within the investment portfolio Investment in unlisted securities Group undertakings	Computer Software £ 39,239 Group 2021 £ 5,733,129 205,166 297 - 5,938,592	Total £ 109,715 Group 2020 £ 5,095,761 248,942 297 - 5,345,000	Charity 2021 £ 5,733,129 205,166 297 107 5,938,699	Charity 2020 £ 5,095,761 248,942 297 107 5,345,107

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

11 Fixed asset investments ( continued )

Listed investments: Market value at 1 January 2021 Additions at cost Sales proceeds Net gain/ (loss) Market value at 31 December 2021 Historical cost at 31 December 2021	Group 2021 £ 5,095,761 790,610 (689,531) 536,289 5,733,129 4,514,207	Group 2020 £ 4,995,458 780,796 (794,008) 113,515 5,095,761 4,184,967	Charity 2021 £ 5,095,761 790,610 (689,531) 536,289 5,733,129 4,514,207	Charity 2020 £ 4,995,458 780,796 (794,008) 113,515 5,095,761 4,184,967

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

	2021	2020
	£	£
Listed investments (excluding cash held on deposit within the portfolio)	5,733,129	5,095,761

No individual investment included in the portfolio is considered significant.

Unlisted investment

Value at 1 January 2021 Provision Impairment Value at 31 December 2021 Shares in group undertakings CIWM Enterprises Limited CIWM International Limited Waste Smart Limited Resource Smart limited Asset Skills Limited	Group 2021 £ - - - - - -	Group 2020 £ - - - - - -	2021 £ 297 - - 297 Charity 2021 £ 2 100 2 2 1 107	2020 £ 297 - -
				297
				Charity 2020 £ 2 100 2 2 1 107

Shares in group undertakings

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

11 Fixed asset investments ( continued )

The subsidiaries of CIWM at 31 December 2021 are set out below:

Name	Country of	Nature of	Proportion
	incorporation and	business	of equity
	company number		held
CIWM Enterprises Limited	England and Wales	Networking	100%
	(02731563)	events
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)
Asset Skills Ltd	England and Wales	Dormant	100%
	(12471875)
WAMITAB Services Ltd	England and Wales	Dormant	-
(Company limited by guarantee)	(11139282)
The Waste Management Industry	England and Wales	Qualifications	-
Training and Advisory Board	(02332283)
(Company limited by guarantee)

The issued share capital of CIWM Enterprises Limited is £2, divided into 2 ordinary shares of £1 each and shareholders’ funds at 31 December 2021 totalled £67,002. The company had a surplus of £57,546 in 2021 (2020 deficit: £999) . Turnover in 2021 was £216,234 (2020: £nil).

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

12
Debtors
Group
Group
2021
2020
£
£
Trade debtors
459,828
377,834
Amounts owed by subsidiary undertakings
-
-
Other debtors and taxation
1,102
51,166
Prepayments and accrued income
133,730
165,174

594,660
594,174

13
Creditors: amounts falling due within one year
Group
Group
2021
2020
£
£
Trade creditors
49,736
70,006
Amounts owed to subsidiary undertaking
-
-
Other creditors
72,716
79,156
Other taxation and social security
71,459
78,088
Accruals
162,532
369,120
Deferred income
427,627
506,581
Grant Commitment
75,000
-

859,070
1,102,951

14
Deferred income
Group
Group
2021
2020
£
£
At beginning of the year
506,581
411,044
Movement in the year
(78,954)
95,537

At end of the year
427,627
506,581

Charity
Charity
2021
2020
£
£
449,755
376,924
514
3,961
1,174
51,165
128,579
143,872

580,022
575,922

Charity
Charity
2021
2020
£
£
49,401
71,775
105
105
39,772
46,194
80,690
78,033
161,341
368,045
417,619
493,055
75,000
-

823,928
1,057,207

Charity
Charity
2021
2020
£
£
493,055
409,257
(75,436)
83,798

417,619
493,055

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

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

15 Statement of funds

Group – for the year ended 31 December 2021

	1 January			Investment		31 December
	2021	Income	Expenditure	Gain/(Losses)	Transfers	2021
				s
	£	£	£	£	£	£
General funds:	6,755,793	3,308,658	(3,085,895)	536,289	(400,000)	7,114,845
Designated funds:
Projects- WEERT	-	-	-	-	250,000	250,000
Projects - WasteAId	-	-	(150,000)	-	150,000	-
Total unrestricted funds	6,755,793	3,308,658	(3,235,895)	536,289	-	7,364,845
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
Total funds	6,780,366	3,308,658	(3,235,895)	536,289	-	7,389,418

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”. In November 2021 CIWM entered into an 18month funded partnership with an international non-governmental organisation, WasteAid UK, for £150,000. The aim of this project is to support the development of waste management in the Greater Banjul Area of The Gambia. In 2021 CIWM transferred £250,000 to the Designated Fund to be used for projects to be agreed in the future with the Waste Environmental Education Research Trust (WEERT).

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

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

15 Statement of funds ( continued )

Group – for the year ended 31 December 2020

	1 January			Investment		31 December
	2020	Income	Expenditure	Gain/(Losses)	Transfers	2020
				s
	£	£	£	£	£	£
General funds:	7,029,851	2,850,894	(3,238,467)	113,515	-	6,755,793
Designated funds:
Projects	-	-	-	-	-	-
Total unrestricted funds	7,029,851	2,850,894	(3,238,467)	113,515	-	6,755,793
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	-	-	-	-	-	-
Total restricted funds	21,073	-	(21,073)	-	-	-
Total funds	7,075,497	2,850,894	(3,259,540)	113,515	-	6,780,366

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

15 Statement of funds (continued)

Charity – for the year ended 31 December 2021

	1 January	1 January			Investment		31 December
		2021	Income	Expenditure	(Losses)/	Transfers	2021
					Gains
		£	£	£	£	£	£
General funds:	6,746,339		3,102,424	(2,937,207)	536,289	(400,000)	7,047,845
Projects- WEERT		-	-	-	-	250,000	250,000
Projects- WasteAid		-	-	(150,000)	-	150,000	-
Total unrestricted funds	6,746,339		3,102,424	(3,087,207)	536,289	-	7,297,845
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
Total funds	6,770,912		3,102,424	(3,087,207)	536,289	-	7,322,418

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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:	7,019,393	2,817,478	(3,204,047)	113,515	-	6,746,339
Designated funds:
Projects	-	-	-	-	-	-
Total unrestricted funds	7,019,393	2,817,478	(3,204,047)	113,515	-	6,746,339
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	7,065,039	2,817,478	(3,225,120)	113,515	-	6,770,912

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

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2021

16 Consolidated Statement of Financial Activities for year ended 31 December 2020

		Unrestricted funds	Unrestricted funds
	Note	General	Designated	Endowment	Total funds	Total funds
		Funds	Funds	& Other
			£	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		1,137,401	-	-	1,137,401	1,183,781
Income from trading activity:
Commercial trading operations		-	-	-	-	237,367
Investment income	8	103,490	-	-	103,490	97,600
Interest receivable		3,845	-	-	3,845	14,657
Other income		102,407	-	-	102,407	52,881
Total income		2,850,894	-	-	2,850,894	3,775,414
Expenditure
Expenditure on raising funds
Investment management		(31,272)	-	-	(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		(259,349)	-	-	(259,349)	(243,401)
Staff costs		(1,721,448)	-	-	(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,		(471,113)	-	-	(471,113)	(490,096)
communications
Restructuring costs	5	(271,358)	-	-	(271,358)	-
Honoraria		-	-	-	-	(1,250)
Travel and accommodation		(11,341)	-	-	(11,341)	(56,429)
Insurances and other Professional fees		(57,384)	-	-	(57,384)	(78,452)
Amortisation		(48,224)	-	-	(48,224)	(45,411)
Depreciation		(50,240)	-	-	(50,240)	(33,958)
Financing costs		(22,466)			(22,466)	(34,429)
Grant to SWITCH Forum	15	-	-	(21,073)	(21,073)	-
Total operating expenditure		(3,238,467)	-	(21,073)	(3,259,540)	(3,694,223)
Net operating income/ (expenditure)		(387,573)	-	(21,073)	(408,646)	81,191
Net gain on the sale of fixed assets		-	-	-	-	488,310
Net gains/ (losses) on investment assets		113,515	-	-	113,515	507,294
Net income/ (expenditure)		(274,058)	-	(21,073)	(295,131)	1,076,795
Transfers between funds		-	-	-	-	-
Net movement in funds	5	(274,058)	-	(21,073)	(295,131)	1,076,795
Total funds brought forward	15	7,029,851	-	45,646	7,075,497	5,998,702
Total funds carried forward	15	6,755,793	-	24,573	6,780,366	7,075,497

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

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 2021 are represented by:*
Tangible and intangible fixed assets	109,715	-	109,715
Investments	5,914,019	24,573	5,938,592
Current assets	2,200,181	-	2,200,181
Current liabilities	(859,070)	-	(859,070)
Total net assets	7,364,845	24,573	7,389,418
	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	5,320,427	24,573	5,345,000
Current assets	2,391,186	-	2,391,186
Current liabilities	(1,102,951)	-	(1,102,951)
Total net assets	6,755,793	24,573	6,780,366

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 2021 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 2021 £ 77,330 100,368 - 177,698	Group 2020 £ 114,778 112,198 - 226,976	Charity 2021 £ 77,330 100,368 - 177,698	Charity 2020 £ 114,778 112,198 - 226,976

Together, we stand for a world beyond waste

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2021

19 Related party transactions

Payments made to trustees for other services during the year were as follows:

yments made to trustees for other services during the year were as follows:
Payment To: Payment From: Duncan Simpson Associates Limited CIWM Provision of training materials for a virtual training course	£ 2,000
	2,000

All transactions relating to payments made by CIWM to trustees for training services are on a third party arm’s length basis at rates comparable with payments to other tutors and consultants. Fee rates paid to all tutors and consultants are monitored and assessed regularly against market rates payable both in the waste industry sector and more widely.

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

Review of 2021

Contents

President’s foreword

The journey to net zero

A world beyond waste

Pledge to net zero

Next steps

Skills for the future

Collaborative relationships

Key themes for the future

Environment

Economy

Society

Looking ahead

Knowledge sharing and thought leadership

Consultation responses 2021

England

Northern Ireland

ROI

Scotland

Wales

2021 in numbers

2021 in numbers

IMPACT AND INFLUENCE

Impact and influence: taking action for a resilient future

Equality, diversity and inclusion

Circular economy

Learning and development

Acting against modern slavery

Five-year plan

WAMITAB integration

Social responsibility

Partnership with WasteAid

Task and Finish group webinars

Trustees’ report and consolidated financial statements

31 December 2021

Trustees’ report for the year ended 31 December 2021

General Council members, key management personnel and advisers

General Council members

Trustees’ report (continued)

Key Management Personnel

Registered office address

Website: www.ciwm.co.uk

Advisers

Bankers:

Solicitors :

Investment managers

Trustees’ report (continued)

OBJECTIVES AND ACTIVITIES

Charitable Objects

Objectives, Aims and Intended Impact

CIWM’s purpose is to move the world beyond waste.

Trustees’ report (continued)

Objectives, Aims and Intended Impact (continued)

Trustees’ report (continued)

Principal activities

Trustees’ report (continued)

Volunteers

ACHIEVEMENTS AND PERFORMANCE

Activities undertaken during the year

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

Trustees’ report (continued)

FINANCIAL REVIEW AND RESULTS FOR THE YEAR ( continued )

Reserves policy

Investment policy and objectives

Trustees’ report (continued)

Investment performance against objectives

Risk Management

Trustees’ report (continued)

FUTURE PLANS

Pioneering professional standards

Nurturing innovation

Advocating with an authoritative voice

Enhancing engagement and connectivity

Cultivating communities of practice

Leading through excellence

Trustees’ report (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document