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2023-12-31-accounts

Nee La “TGRaNe eS7, oa Review — sc ae . of 2023

Plus trustees’ report and financial statements for the year ended 31 December 2023 Together, we stand for a world beyond waste

CONTENTS

11 Your membership Our most value asset is our membership. From professional development to events.

14 A regional roundup A look at the activities of our regional centres around the UK Looking ahead 17 2024 will be an exciting year for CIWM – here’s why. 18 Trustees’ report and consolidated financial statements

19 Trustees’ Report

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CIWM Review of 2023

PRESIDENT’S FOREWORD

From strength to strength

In Manchester in 1898, a group of Victorian gentlemen met to establish the Association of Cleansing Superintendents of Great Britain, the forerunner of the Chartered Institution of Wastes Management. So, 2023 marked our 125[th] anniversary, and CIWM goes from strength to strength. While our world and our sector have gone through many changes over those 125 years – fewer bowler and top hats, less austere moustaches, and, thankfully, greater diversity among our members and the wider sector (though that’s still a work in progress) – the organisation’s founding principles still resonate and inspire us today: sharing knowledge, ideas and best practice; building connections and collaborations; and deploying innovation and new technologies, all to protect human health and the environment.

Over the years, the dedicated professionals of CIWM and its predecessors have helped shape the way we work today. Pushing boundaries, challenging convention, solving problems, and serving the communities of the UK and Ireland. Today, we network globally, working to move the world beyond waste.

It was a successful 2023/24 for CIWM, as we continue to deliver against the six pillars of our strategy. We have cultivated our communities of practice by opening up CIWM membership to new audiences, growing our membership by more than 10%, connecting the sector at industry-leading events, and launching four new Strategic Expert Groups. We’ve also enhanced engagement and connectivity by extending our partnership with WasteAid, and laid the foundations for further international collaboration with the acquisition of the Circular Economy Institute and the Circular Economy Club.

Through 2023, we used our influential voice to advocate for our members and the sector by responding to important consultations, pressing the government to implement delayed waste reforms, and highlighting key issues through topical research and reports. We continue to encourage and enable innovation by shining a spotlight on the sector’s pivotal role in advancing resource efficiency and circularity – via innovative technologies, skills and policies – through our ‘Leading the Way’ digital series, partnering with Content With Purpose and reaching new audiences and more than four million people.

We’ve set and raised standards for professional excellence in the sector through a new skills matrix, an enhanced Operator Competence Scheme, and new training courses and qualifications, including the Operational Excellence Programme with Veolia and tailored courses for the NHS. We continue to lead through excellence within CIWM, too, by enhancing our volunteer and member experience, and championing

equality, diversity and inclusion. It was great to see CIWM highly commended in two categories – Best Virtual Event, for the Festival of Circular Economy, and Sustainability – at the MemCom Excellence Awards for membership organisations.

It’s been an honour to serve as President for 2023/24. I’ve been welcomed by all of our Centres, and further afield at inspiring events showcasing the committed, inspiring professionals who work across our sector, and the world-class recycling, resources and waste management facilities and services they deliver, day in, day out. It’s simply what we do!

As we look back with pride and celebrate what our institution has achieved over the past 125 years, our focus remains clearly on current and future challenges and opportunities in waste and resource management. Looking ahead, we’re focused on embedding the Circular Economy Club and Institute, continuing to enhance member value, and nurturing innovation.

Now that we can clearly see the challenges of our age, working towards net zero, resource efficiency and a circular economy, while dealing with testing economic and social conditions, our sector’s role has never been more important.

Dan Cooke CIWM President, 2023/24

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CIWM Review of 2023

IN NUMBERS

In numbers

CIWM’s 2023:

----- Start of picture text -----
13 new Fellows and
1,938
62 new Chartered
new members welcomed
members this year
16+
3,000 [+]
attendees at our sector-leading hours of thought-leadership content
conferences, events and webinars and global use-cases at the third
Festival of Circular Economy (FOCE)
96
training
courses
9,557 delivered
9,860
total qualification
certifications issued qualification and
in 2023 course registrations
----- End of picture text -----

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CIWM Review of 2023

IN NUMBERS

In numbers

CIWM’s 2023:

----- Start of picture text -----
More
than
Number of
Memcom Awards
90,000
categories in which
unique visitors to Circular Online CIWM was shortlisted 3
Number of Memcom
Awards in which we
59,688
were highly commended
2
page views for CIWM Connect
42
1,178
posts on responses to consultations
CIWM Connect (formal and informal)
62
33,008
advisory panels, working
groups and policy networks social media
with CIWM representation followers
----- End of picture text -----

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CIWM Review of 2023

PRESIDENT’S REPORT

° : ys > ‘ ‘ It’s what we do PE. = ”™ %i

2023 has been a year of celebration in the resources and waste sector. Taking a step back, we look at the role we play in society and how far we’ve come since our humble beginnings

The 2023 CIWM presidential theme took a broad holistic view of our sector. Rather than focusing on one specific aspect of the resources and waste sector, the President, Dan Cooke, took a step back to celebrate the vital work of the industry as a whole. In his presidential report, he cited feats such as technological progress, social impact, skills and training and decarbonisation.

“It’s what we do” has been the mantra that’s run through the year. Speaking in front of a packed audience in Bristol in June 2023, Cooke said: ‘The services provided here in the UK – and the 140,000 dedicated and professional people who deliver them – are often at the leading edge of quality and innovation, delivering better resource efficiency and protecting our health and environment in ways that provide deep social value and are, often, simply world class.’

He went on to say that the purpose of the 2023 CIWM President’s report was to “emphasise and celebrate the vital role and social value of our sector and those who work across it. Delivering essential services that touch every individual, business and organisation in the UK, we are an essential hub, helping other sectors to drive a more circular economy towards

net-zero emissions.”

Using a specially developed presidential microsite (ciwmpresident.co.uk), Cooke highlighted seven high-impact projects, from resource leadership in the Welsh government to the development of advanced robotics by RE3 and FCC that are boosting recycling rates and diverting more waste from landfill.

Cooke also showcased the work of more than a dozen circular economy pathfinders (‘just a small selection of some of the most exciting in the sector right now’). These are examples of companies and councils that are working together to push forward the UK’s circular economy and take us nearer to our goal – a world beyond waste.

The timing of Cooke’s theme could not have been better: this is a pivotal moment, when we have the chance to accelerate progress and protect our planet at a time of global environmental crisis.

To that end, in September 2023 CIWM partnered with the creative agency CWP to launch World Beyond Waste – a

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CIWM Review of 2023

PRESIDENT’S REPORT

campaign celebrating the economic, environmental and social value that our sector delivers to society.

Using interviews, short films and podcasts – plus a 25-minute documentary premiered to great critical acclaim at RWM on13 September – the campaign aimed to raise awareness of what we do, and promote the resources and waste sector as a good place to work for those thinking about careers.

This is something that CIWM’s Green Skills Working Group continues to champion – see page 9 for more details.

The campaign has been very well received, exceeding 4.3m impressions, 1.1m video views and 8,500 new microsite users. The average engagement across social media is an excellent 2 per cent and the view rate for the documentary reached a staggering 57 per cent (15 per cent is considered good).

Across the period of the campaign we noticed a 10 per cent rise in our LinkedIn following and X (formerly Twitter) rose 7 per cent.

This is an example of how CIWM can develop successful creative-industry partnerships that communicate our message to a wider audience.

After all, it’s what we do.

Transforming lives in West Africa

CIWM’s collaboration with WasteAid in The Gambia is helping to transform lives by introducing circular practices

Sustainability is a global answer to a global problem, so it’s important that we use our skills and influence overseas, and not just in the UK. A third of the world’s population does not have access to proper waste-disposal facilities, causing many health and environmental issues. CIWM is proud to offer expertise and funding to improve this picture.

A great example is the collaboration CIWM has undertaken with WasteAid in The Gambia, where a lack of wastecollection infrastructure and capital investment for entrepreneurs has led to waste being dumped or burned in the open air. Our funding of WasteAid projects is making a real difference.

The project is connecting people through a newly created Circular

Economy Network, dubbed ‘Dennakuwo’ by local operators, which translates to ‘together we can’. The network is linked to CIWM Connect here in the UK, where members are finding

out that many of the problems faced by waste managers in The Gambia are also issues in the UK – even if the solutions are sometimes different.

We are also supporting entrepreneurial initiatives with seed funding and mentoring, encouraging recycling and reuse and the diversion of waste from burning and dump sites. For example, £5,000 was awarded to Plastics Recycling Gambia, a start-up that’s aiming to capture HDPE from the waste stream for recycling.

We launched a fundraising campaign in 2023, asking CIWM members to donate to this worthy cause and we would like to thank everyone who donated – your generosity is changing lives for the better.

World Beyond Waste is part of a decade of action that’s designed to take the world towards net carbon neutrality.

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CIWM Review of 2023

Influencing policy

After the economic and political turbulence experienced in the UK over the previous year, 2023 brought a policy landscape that presented fresh challenges and opportunities for CIWM. We continued to drive forward our World Beyond Waste purpose accelerating our sector towards a circular economy – all the time helping shape a vision of what this looks like for wider society.

CIWM’s policy team engaged with the government as the Sunak administration readjusted its priorities and changed its approach to the implementation of its 2018 resources and waste strategy and the UK’s journey to net zero.

Despite political headwinds, the resources and waste management sector maintains its key role in helping to shape a circular future. Recognising the fast-evolving nature of the sector, its core relationship with the wider industry, and its central importance to establishing a future without waste, informs much of CIWM’s strategy, policy initiatives and other activities – from advancing education in the sector and promoting training, to driving sustainable technical innovation and championing the green skills agenda. The sector is, therefore, critical to the UK achieving its net-zero targets.

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CIWM Review of 2023

POLICY

As the sector evolves and encompasses new areas requiring specialist knowledge and expertise, it is essential to ensure that resources and waste management practitioners have the right skill sets and training. CIWM is leading the way in this area, with a raft of initiatives and fresh training courses to deliver such skills.

In March, we launched our latest report, Beyond Waste: Essential skills for a greener tomorrow , and called on the UK government to provide additional support to bridge the rapidly expanding skills and labour gap in the sector, and help grow the green economy. This report is helping to inform the government’s Green Jobs Delivery Group in its review of future sector skills.

CIWM estimates that existing policy and the more sustainable use of resources will create more than 74,200 new roles in the resources and waste sector by 2030, growing to an aggregate of 240,000 new roles by 2040. To support growth of the sector, CIWM has called on the government to provide additional support in three key areas:

Our latest report is helping to inform the government’s Green Jobs Delivery Group in its review of sector skills needs for the future

Policy and innovation

Throughout the year, CIWM engaged with government on policy issues around the World Beyond Waste strategy. It continued to stress the importance and urgency of delivering on proposed circular economy policies. In some instances, however, the government’s reprioritisation in certain policy areas led to some measures being put on hold or implementation schedules delayed. In June, for example, CIWM wrote to UK Prime Minister Rishi Sunak, urging him to push ahead with reforms on extended producer responsibility for packaging (pEPR) and consistent collections that the government introduced in its 2018 resources and waste strategy.

We pointed out that packaging producers and the UK’s resources and waste sector had already begun to ensure compliance with regulations, and failure to implement pEPR would result in plans for more consistent household collections also being scrapped, because of the lack of funds from pEPR.

In addition, CIWM highlighted the opportunity for the reforms to create new jobs and economic growth – with investment in recycling infrastructure benefiting from greater confidence in the legislative framework and green-growth commitment – while also helping the UK’s journey towards net zero.

Nonetheless, the government announced in July that pEPR fees had been deferred for a year. CIWM responded, reiterating its call for government to press ahead with executing the reforms on EPR and consistent collections. ‘The sector is ready, willing and able to implement them and bring about the stepchange in recycling rates that they are designed to deliver,’ said Lee Marshall, CIWM’s director of innovation and technical services. ‘This is a valuable opportunity for the UK to show strong leadership and demonstrate its commitment to lead on combating climate change, and CIWM stands ready to support, as we continue our journey to a world beyond waste.’

On a different note, in October CIWM welcomed the longawaited announcement from Defra on the Simpler Recycling reforms to household and business bin collections in England,

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CIWM Review of 2023

POLICY

including for weekly food waste. We said that the proposals would enable the widest range of collection methods to be used, rather than a local assessment process on a case-by-case basis, and represented a pragmatic and sensible approach. As such, the reforms will allow local authorities to implement the collection systems that are most effective in their areas. However, we also expressed concerns that the requirement for residual waste to be collected at least every two-weeks runs contrary to allowing local authorities to determine the most effective systems, and will hinder recycling efforts.

Also in October, Defra announced reforms to the way carriers, brokers and dealers are regulated, along with the introduction of digital waste tracking. CIWM had supported such changes and welcomed them as ‘transformative in combating waste crime and restricting criminal operations infiltrating the sector’.

Responding, CIWM emphasised the need to ensure that the profession operates at the highest standards, with clear and comprehensive regulatory systems key to achieving this.

CIWM also supported the move to bring forward requirements for waste transporters and controllers to demonstrate technical competence, with Defra highlighting the CIWM (WAMITAB) Qualifications standards for site permit technical competence as the template for this. CIWM is working with Defra and the Environment Agency to bring these new qualifications forward for the sector.

CIWM continued to engage government on a number of other fronts, too. On World Refill Day, in June, it called for the UK to take a leading role in promoting reuse as a sustainable solution to plastic pollution and reducing waste. This followed the Institution (in collaboration with Resource Futures) submitting a response to a call for evidence from Policy Connect, alongside the All-Party Parliamentary Sustainable Resource Group and the Sustainable Resource Forum. CIWM said the UK must show leadership on reuse, emphasising a comprehensive and effective approach to responsible resource management.

The Institution also urged the UK government to implement a long-term, holistic strategy to bridge the ‘policy gap’ on reuse, to provide certainty to all stakeholders within the value chain and encourage investment.

As well as advocating for the circular economy agenda domestically, CIWM engaged with issues around the global COP28 UN Climate Change Conference, in Dubai, in November. We highlighted the need for increased focus on resource efficiency on the COP28 agenda, stressing that it is imperative for better resources and waste management to be prioritised in climate action plans and nationally determined contributions.

We declared that resource efficiency is a policy area that requires more focus and called for it ‘to be given the attention it deserves at COP summits and beyond’.

Green jobs for a green future

In 2023, CIWM continued to engage with the UK government’s Green Jobs Delivery Group, with past president Dr Adam Read FCIWM representing the resources and waste management sector on the body.

The group, which was inaugurated in 2022, comprises leaders from business, industry, energy, local government, education, trade unions and academia, who have been selected to act on upskilling and training the green workforce of the future. It was conceived as the primary forum for government ministerial engagement with these representatives, working together to set out clear plans to enable the UK workforce to deliver net zero and wider environmental goals.

The group is focused on creating a Net Zero and Nature Workforce Action Plan, which is scheduled for publication in the first half of 2024. As part of this, the resources and waste strand of the group focused on gathering information on the workforce needed to deliver the government’s resources and waste strategy. This was informed by CIWM’s Beyond Waste: Essential skills for a greener tomorrow report, published in March 2023. This outlined, in detail, the key skills that will be required for the resources and waste sector to become more circular and to deliver a green industrial revolution, based on the government’s net zero and environment objectives. The report’s findings are set to inform the group’s action plan and recommendations.

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CIWM Review of 2023

YOUR CIWM

It’s all about you

Introducing Dr David Greenfield, your new junior vice president

Your membership, your career, your CIWM. In 2023 we continued to put our members first, with new CPD courses, membership pathways and more

In a ceremony in Bristol, in June 2023, Dan Cooke was confirmed as CIWM President. His presidential theme was one of celebration (read more on page 6), and an inspiring speech went down well with the audience of movers and shakers from the resources and waste sector.

Dr Anna Willetts was thanked for her hard work as CIWM President in 2022 and took up the role of immediate past president. Completing the group of presidents, Dr David Greenfield was confirmed as the new CIWM junior vice president, and Tim Walker was advanced from 2022 junior vice president to 2023 senior vice president.

A special award was granted to Tina Benfield for her sterling service over 25 years at CIWM.

David Greenfield is professor of circular economy at the University of Brighton and lectures across multiple faculties, integrating circular economy principles into the curriculum and showcasing his dedication to sustainability.

Beyond his academic endeavours, Greenfield is deeply involved in practical applications of circular economy principles. He is managing director and founder of Soenecs, a research and innovation firm that has contributed significantly to circular economy roadmaps for Brighton and Hove and the West Midlands. He has also contributed to influential CIWM presidential reports in 2015 and 2021. Greenfield’s leadership extends to etsaW Ventures, where he supports circular economy start-ups, and to Tech-Takeback, a successful not-for-profit initiative focused on the responsible disposal and recycling of electricals. This has garnered significant acclaim, including the 2021 BusinessGreen Leaders Award.

Greenfield’s holistic approach to the circular economy drives significant change. His upcoming role in CIWM marks a significant milestone, underlining his commitment to pushing the boundaries of waste management and fostering a more sustainable future. He is scheduled to take over the role of CIWM President in 2025.

CIWM CEO Sarah Poulter has expressed confidence in Greenfield’s abilities to contribute meaningfully to the organisation’s leadership, further cementing his reputation as a leader in the field. ‘I would like to congratulate David on his appointment to the important position of junior vice president,’ she said. ‘The presidential team performs a vital role in the leadership and direction of CIWM, and David’s extensive experience will add real value at every stage in his journey to becoming CIWM President.’

CIWM Review of 2023

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YOUR CIWM

The board of trustees

In 2023, the CIWM trustee board welcomed back three trustees for a further three-year term, reflecting the confidence the board has in its existing governance structure. Dr Adam Read, Wayne Hubbard and Marcus Gover were all reappointed following an assessment process by the selection committee and will serve a three-year term up to the 2026 presidential inauguration.

Dr David Greenfield also became a trustee following his appointment as junior vice president. Lyndon Ward ended his term as a trustee to focus on business development in his organisation, and CIWM thanks him for his contributions and hard work.

‘Our board of trustees is fundamental to the effective running of CIWM, and we are delighted to welcome back Adam, Wayne and Marcus for a further term,’ says CIWM board chair Liz Parkes.

Each year, CIWM requests applications from its members to become trustees. These applications are assessed by a selection panel, which includes CIWM members and a non-member, and then compared against a skills matrix that outlines the expertise needed on the board.

In 2023, the selection committee was pleased to see applications from a variety of members. CIWM encourages members from all areas of the sector to consider applying in 2024, to ensure our trustees reflect the diversity of CIWM’s membership.

The board has also invited those who have not been successful in their trustee applications to get involved with CIWM in other ways.

More information on the CIWM trustee board is available on the CIWM website.

Our volunteer strategy steering group has also been working hard this year to create a blueprint that recognises our volunteers, members and staff. They are, without a doubt, CIWM’s biggest asset, and our sincerest thanks go to everyone who has helped us succeed this year.

Looking ahead, we will create a thriving volunteer network that is aligned with delivering CIWM’s goals. In particular, the strategy will:

You can read more about the work of the CIWM region centres, led by volunteers, on page 14.

A more inclusive approach

When it comes to equality, diversity and inclusion (EDI), the resources and waste sector is lagging behind – something that CIWM intends to change with its EDI strategy, launched in mid-2022.

The strategy has two aims: to make CIWM a more diverse place for people to work, and for the organisation to feel the benefits of having a more inclusive workforce; and to be an example of best practice for other organisations in the resources and waste sector that will follow suit and reap the rewards.

What are those rewards? Commercially speaking, organisations that are more diverse can expect higher levels of innovation and productivity. One survey claims an increase in innovation revenue of 19 per cent for companies with more diversity in their management teams.

Research also shows that prospective employees choose organisations that take a strong moral stance on issues such as EDI – so, if you want a choice of the best candidates for a role, EDI has to be high on your organisation’s list. Then there is the ethical stance; put bluntly, EDI is simply the right thing to do.

Speaking to Circular magazine, CIWM’s first female CEO, Sarah Poulter, said: ‘This is a three-year project, but we’ve already started making changes within the institution – striving for a more representative selection of speakers and panellists at events, for instance. Our aim is to position CIWM as a champion of EDI, and to inform, encourage and collaborate within the sector so that it’s inspired to do so too.’

Poulter’s message to those currently underrepresented in the resources and waste sector is simple: ‘CIWM is here to represent you. Whoever you are and wherever you come from, we welcome you.’

Membership

In 2023, 1,938 new members joined CIWM – welcome to you all. We hope you are enjoying being part of the family.

We also saw 62 members upgrade to chartered status, while 13 members become Fellows. We’ve made the chartered upgrade pathway simpler and easier to follow: chartered interviews are now held quarterly and dates for the following year are published in advance, making it easier to plan. Panels are now selected nationally, not regionally, and the first ever chartered panellist standardisation event and chartered panellist guidance document have been introduced to support panellists.

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CIWM Review of 2023

YOUR CIWM

Eight new members joined CIWM as Charted Environmentalists in 2023.

We also launched new ways to become a CIWM member: our Technical Member grade and a free affiliate membership for those undertaking CIWM/WAMITAB qualifications. Ellie Galibardi, CIWM head of digital and administration, told Circular in July 2023 that ‘we are confident that offering this membership free of charge while learners are undertaking their qualification will support the learning experience and demonstrate the value of membership.’

assess the skills and competency levels of existing staff. The information contained in the matrix can help provide focus for continuing professional development, forming the basis of mentoring conversations and helping to identify specific training and development needs.

In 2023, CIWM also launched a number of innovative new qualifications, certifications and training courses, including:

‘CIWM offers exclusive access to training, educational and professional development programmes, as well as industry news. We hope to see these learners use these resources, develop their careers, and become Technical, Chartered and Fellow members of CIWM in years to come.’

Changes were also made in 2023 to the IMIS system used to record members’ CPD. Automation makes things easier – including reminder and final emails, as well as the uploading of completed files.

Skills and development

We’ve already seen (p9) that there is a shortage of skills and labour in the UK’s resources and waste industry, and that CIWM is actively trying to address the problem. Alongside our policy work we are also focusing hard on continuing professional development for those working in the sector. It’s something in which we have a proud heritage, and an area in which we continue to innovate and envolve.

We also introduced 11 micro e-learning courses that are free to all members, and produced bespoke Operational Excellence Delivery training for managers at Veolia – the graduation cermony of the first cohort being attended by CIWM’s CEO and President, Sarah Poulter and Dan Cook.

The breadth and depth of our activities in training, governance, career development and EDI underline the importance of CIWM’s greatest asset: you, the membership. We will always be on your side, and by your side, as we venture forwards into an exciting world beyond waste.

‘The transition to a greener, more circular economy is not optional,’ commented Katie Cockburn, CIWM’s senior director of policy and education. ‘The UK waste and recycling sector is central to achieving this aim, but without additional support, we’ll be unable to resource our services with the right people, with the right skills, at the right time.

‘Government funding provided today will mean that the sector is able to unlock its potential as a powerhouse of economic growth and green job creation. In doing so, we will ensure that our finite and valuable resources are managed sustainably for the benefit of generations to come.’

In the here and now, CIWM continues to support and train its members, with a programme of continuing professional development courses that not only give the sector the expertise it so desperately needs, but also empowers our members with the skills they need for career advancement.

In 2023, we introduced a Skills Matrix (see bit.ly/4cSI8Rd), which sets out the essential knowledge, capabilities and proficiencies required to achieve success in a variety of roles at every career stage, providing a clear and personalised roadmap for individuals and businesses.

The Skills Matrix also has the potential to be a valuable tool for recruitment and future workforce planning, while helping to

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CIWM Review of 2023

[es] EVENTS

A regional round-up

From site visits and networking events to seminars, webinars and drop-in sessions... it was a busy 12 months for our centres across the UK

CIWM’s 10 regional centres had an active and busy 2023, contributing to core initiatives, attending regional and national events, and sharing expertise and knowledge online, via webinars. The volunteers who make our regional centres work are the lifeblood of CIWM – they are close to the ‘coalface’ and can collect invaluable information about how policy changes and government activity affect the professional lives of our members.

Scotland Centre

The Scotland Centre held a varied programme of virtual and face-to-face events in 2023, including a well-attended, in-person AGM and Spring Seminar in Edinburgh, and a Christmas lunch at the University of Glasgow. Several NetWalking events also took place, as well as various professional development network (PDN) site visits.

in Preston, speakers from WRAP, Zero Waste Scotland, Cumbria Waste Management, AluPro and the Environment Agency spoke on topics including extended producer responsibility (EPR), persistent organic pollutants and the implications of a deposit return scheme.

In June, members visited Red Industries’ aerosol recycling facility and Walleys Quarry landfill site. Here they got valuable insight into the work of industries that rely on the waste sector for the smooth operation of their businesses.

In November, centre members attended a joint event with UKELA to discuss EPR and receive an update on waste law. Networking followed, courtesy of Addleshaw Goddard, Manchester.

London and Southern Counties Centre

The Members’ Council representative held three online drop-in sessions for Scottish members and gave their feedback to Members’ Council. The centre also held regular meetings with industry bodies – including the Scottish Government, SEPA, Zero Waste Scotland, SESA and RMAS – and responded to numerous consultations.

North West Centre

It’s been an action-packed year for volunteers and members in the north-west of England. The centre’s AGM on 21 April was combined with a meeting of LARAC to provide a stimulating event where members could discuss some of the big policy shifts affecting our industry. Held at the University of Central Lancashire,

The centre and its PDN had another busy year, delivering a programme of site visits, webinars, social events, and chartership support for centre members.

Members visited the Beddington Energy Recovery Facility, Croydon; looked at underground waste storage and collection methods, including the Envac system in Barking; and visited the Sweeep Kuusakoski waste electrical and electronic equipment processing facility in Kent.

Three webinars were delivered, covering innovations in waste, new legislative updates, and skills development. The centre also

CIWM Review of 2023

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EVENTS

helped members going through the Chartership upgrade process with pre-interview support sessions. Members also enjoyed a number of networking events, including a visit to the City of London waste-transfer station, a joint social event with the London Recycling Officers Group, and our 65th annual luncheon.

South West Centre

David Lerpiniere handed over to our new Centre chair, Sarah Ottaway, at the centre’s AGM in April. This was followed by a webinar on the ‘Stuff of Life’ research that Sarahjane Widdowson, of Intellios, has been carrying out for Suez.

The centre’s main face-to-face event of the year, entitled ‘What goes around comes around’, took place in September, at the University of Exeter. Chaired by our deputy chair, Dhiran Chauhan, the event heard from CIWM President Dan Cooke on the topic of promoting and learning from best practice in the sector. There were also insightful presentations on international waste management, the role of research, and the development of reuse in our sector. Thanks to Ricardo for sponsoring the event.

The centre’s professional development network held two site visits: to Urbaser’s Gloucestershire EfW Facility at Javelin Park, Gloucester, and the Advetec processing facility in Trowbridge. The centre also launched its regional newsletter – thanks to volunteers Miriam Champion and Ocean Acheson-Crow – which now arrives in members’ inboxes every three months or so.

The South West Centre has continued to feed into the developing Volunteer Strategy via our representative, Sarah Ottaway. The results of this work will start to be disseminated and consulted on in the first half of 2024.

Their total membership at the end of February stands at 696, an increase of more than 100 compared with last year. This increase is down to the introduction of the new technical and affilliate learner grades (see page 12), as well as increases in the number of affiliate members and chartered members in the region.

Wales Centre

In one of the world’s best recycling countries, members were busy replying to consultations, attending events and forging new links. The Wales Centre was also heavily involved in CIWM’s Volunteer Strategy working group, and responded to consultations on the:

Alongside its AGM in April 2023, the Wales Centre planned a site visit to Viridor’s Trident Park EfW in October 2023 and three webinars for members: NRW ‘POPS’, PAS 402, and Recycling in the Construction Industry Series.

East Anglian Centre

In 2023, the Centre council continued to support the CIWM’s headquarters team to ensure the voice of the East Anglian membership is heard. This centre has a broad geography, covering Lincolnshire, Norfolk, Suffolk, Cambridgeshire, Bedfordshire, Northamptonshire and north Essex, and puts on a number of high-quality open events during the year.

A site visit to Viridor’s ERW facility in Peterborough was so popular that a second date had to be added. In May, an open meeting at Still Good Food provided a fantastic outlet for members to learn about food that would otherwise go to waste. A number of members attended the ReCoup conference in Peterborough in September, and Suez hosted a site visit and speaker session in October at its Great Blakenham EfW facility.

CIWM Review of 2023

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EVENTS

Midlands Centre

The centre arranged six events throughout the year, ranging from site visits to webinars. It supplemented this with a members’ drop-in session and arranged mock interviews for those looking to upgrade their CIWM membership.

Members have discussed and fed back on topics as diverse as:

North East Centre

The CIWM North East Centre held a major event in 2023: the Christmas open meeting and lunch in York. It was resounding success, attracting more attendees than the previous year, and featured engaging presentations from Arran Johnson, Adrian Bond, and CIWM’s Senior Director of Policy and Education, Katie Cockburn, on the theme: "Wastes Past, Present and Future". The event also raised an impressive £918 for the Trussell Trust/York Food Bank thanks to generous donations and raffle prizes.

A site visit to BDR’s mechanical biological treatment facility was also enjoyed by members.

Republic of Ireland Centre

The centre held its AGM in Limerick in April 2023, alongside a site visit to the Limerick Polymers Production’s state-of-the-art bottlerecovery facility. In March 2024, the centre – in conjunction with the Irish Waste Management Association – held the Irish Waste Management Conference at the Aviva Stadium, Dublin. Attended by more than 300 delegates (physically and online), the event focused on the theme of ‘Implementing the circular economy – Are we on track?’ The keynote speaker was current CIWM President Dan Cooke.

The first face-to-face AGM in five years was also a significant milestone for the Centre, and plans are in hand for numerous events for the coming year. The chair emphasised the importance of member engagement, particularly encouraging those with the new technical grade to get involved and seek support. The Centre is keen to foster more interaction and involvement from its members, offering knowledge, learning, and support.

In February, the centre was represented by its chair at the launch of the new National Waste Management Plan for a Circular Economy 2024-2030, in Limerick. The centre was also heavily involved in the preparation of consultation responses, alongside Tina Benfield at CIWM HQ. There were more than 10 consultation responses over the year, covering areas such as food waste, end-of-waste status, climate action plans, standards for recycled aggregates and road plannings, circular economy guidance for the Irish construction sector, the Department of the Environment, Climate and Communications (DECC) Research and Innovation Strategy, vapes call for evidence, and the national waste management plan.

The centre represents CIWM on many external committees and groups, including the Construction Waste Resource Group and DECC’s national waste and circular economy advisory forums.

Northern Ireland centre

In 2023, the CIWM Northern Ireland Centre (CIWM NI) successfully organised a variety of events that fostered discussions, networking, and education within the waste management and sustainability sector in Northern Ireland. Key activities included the NI Waste and Resources Conference (in partnership with Recycle NI), a policy round-table discussion, and several site visits to facilities such as CDE in Monstown and Skipway in Lisburn.

The Centre also held social events, including a pre-conference networking dinner at the Titanic Centre, summer socials, and an early Christmas lunch at The Academy. Educational initiatives included a Waste Classification Technical Talk and a lecture for MSc students in Leadership for Sustainable Development at Queen’s University Belfast. Additionally, members participated in the Circularity Hotspot event in Dublin and celebrated

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CIWM Review of 2023

LOOKING AHEAD

Looking ahead

In June 2023, we celebrated our 125th anniversary, and we'll be continuing to mark this amazing milestone throughout 2024.

CIWM – or the Association of Cleansing Superintendents as it was called back then – was formed in a Manchester pub in 1898, when a number of officials responsible for waste management decided they could share knowledge and be stronger as a unit than they could be as individuals. That’s a principle that still holds true today, more than a century later.

We've also had another landmark moment in 2024 – the acquisition of the Circular Economy Institute and Circular Economy Club. This marks a huge leap forward for CIWM, symbolising the shift in direction that’s happening right through our industry, and cementing our status as an organisation with global influence that champions circular economics.

2024 is also a general election year. At the time of writing, we don't yet know the result, but CIWM will look to work collaboratively with whoever forms a government. We have already issued 10 'policy asks' for the incoming admninistration.

This year will also see the continuation of key projects:

• We'll continue to work on enhancing and improving our online member experience through our digital evolution project

• We will implement our volunteer strategy to enhance the experience of volunteering for CIWM and create new opportunities for members to get involved

• Our work on equality, diversity and inclusion will also continue with the launch of our early careers president and network, plus our new social inclusion forum.

We remain focused on continuing to grow our membership, raise our profile, grow our impact and influence, increase accessibility, and raise professional standards across the sector.

We look forward to another year of supporting our members in every way possible, from our award-winning members’ magazine, Circular , to our range of courses and qualifications and behind-the-scenes policy work.

Until next year,

Sarah Poulter, CEO

CIWM Review of 2023

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TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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

Trustees’ report and consolidated financial statements

Registered company number RC000777

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

31 December 2023

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report for the year ended 31 December 2023

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 2023, and up to the date of signature of the financial statements, except where indicated, were:

A Read FCIWM CEnv Immediate Past President until 29.06.23 then General Councillor from 29.06.23 A Willetts FCIWM President (in post until 29.06.23), Immediate Past President (in post from 29.06.23) D Cooke FCIWM Vice President (in post until 29.06.23), President (in post from 29.06.23) T Nicoll FCIWM J Kutner FCA CTA FCIWM Honorary Treasurer T Walker FCIWM CEnv Junior Vice President (in post until 29.06.23), Vice President (in post from 29.06.23) W Hubbard FCIWM V Hughes FCIWM L Parkes FCIWM L Ward FCIWM (in post until 29.06.23) M Gover FCIWM D Simpson FCIWM D Greenfield FCIWM CEnv Junior Vice President (in post from 29.06.23)

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

Key Management Personnel

S Poulter K Cockburn A Havard L Marshall FCIWM P Sloggett H Tovey

Chief Executive Officer Senior Director of Policy and Education Director of Governance and Strategic Projects Director of Innovation and Technical Services Marketing Director (in post until 05.02.24) Commercial and Membership Director (in post until 05.02.24)

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

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

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

The General Council present their report and audited consolidated financial statements of CIWM and its subsidiaries for the year ended 31 December 2023.

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.

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

Objectives, Aims and Intended Impact

CIWM’s 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.

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.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

Objectives, Aims and Intended Impact (continued)

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.

  1. Pioneering professional standards

  2. Nurturing innovation

  3. Advocating with an authoritative voice

  4. Enhancing engagement and connectivity

  5. Cultivating communities of practice

  6. 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:

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)”.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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 are in line with the 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:

Work in these areas includes;

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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, forums, Strategic Expert 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 on General Funds of £108,183 (2022: £282,154). The budget for the year had been set to show a small surplus and the actual result shows the continuing efforts put in by Trustees, Centres, and staff. The Trustees have again forecasted a small surplus for 2024.

Commitments for expenditure on awards to projects approved by Trustees under the Reserves Policy amounted to £301,457 (2022: £270,570). Further details of projects approved are set out below and in note 15 to the Financial Statements.

The financial markets recovered during the year and there were realised and unrealised gains on investments of £300,130 (2022: loss £822,481). These gains and losses are not critical in the short term as there is no likelihood of there being a requirement to sell the investments in the near future.

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 2023 with a profit before Gift Aid of £94,745; the comparative for 2022 was a profit of £92,434.

The total net movement in funds for the year after the expenditure on projects from reserves and the realised and unrealised losses on investments was a surplus of £106,856 (2022: deficit £810,897) which resulted in an increase in Total Funds from £6,578,521 at the end of 2022 to £6,685,377 at the end of 2023.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

Reserves policy

The total unrestricted funds (that is the Designated funds and the General Funds) held by the group as at 31 December 2023 were £6,660,804 (2022: £6,553,948).

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:

Based on this detailed review, Trustees have concluded that reserves at a value of approximately £2.0 million are required to finance the charity’s day-to-day operations.

Free reserves in the General Fund exceed this minimum level by £4,386k. The Trustees are utilising part of these reserves each year in the furtherance of their objectives by allocating amounts to specific projects. A total amount of £305,323 (2022: £249,060) was allocated to such projects and transferred from General Funds to Designated Funds

In February 2023 approval was given for £20,000 to fund a project ‘Batteries - Towards a New Approach to Producer Responsibility’. In May 2023 approval was given for £24,750 for a 3-month project Tech Takeback ‘Revalu IT: developing a replicable model for electrical reuse across the UK’ and in December 2023 a further £45,574 was approved for the next 6-month phase of this project. In August 2023 approval was given for a further £150,000 to the WasteAid project ‘DennakuwoGambia Phase 2- Deepen and Expand’. In October 2023 approval was given for £68,750 for a Circular Economy Innovators project. This fund will offer fast-track brand communications, marketing and design packages to SMEs delivering innovative services contributing towards a more circular economy.

An amount of £301,457 (2022: £270,570) was spent or committed during the year in respect of approved projects.

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.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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 £123,509 (2022: £101,252) which was reinvested. The investment portfolios recorded unrealised gains for the year which total £297,465 (2022: unrealised loss £801,686). Disposals of investments made during 2023 from the two portfolios resulted in realised gain of £2,665 (2022: realised loss £20,795).

Risk Management

General Council is responsible for the management of the risks faced by CIWM. Detailed considerations of risk are delegated to the Leadership 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 minimise risk wherever possible and to identify and then mitigate risks where they occur:

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

The Audit and Risk Committee reviews all 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.

The principal risks identified in Spring 2023 and then reconfirmed in December 2023 relate to the following areas:

  1. People ; resilience of our organisational structure, making the best use of the commitment and expertise of staff and volunteers and all working to the CIWM Way.

  2. Impact and relevance; ensuring CIWM is relevant in the target market and its actions are recognised as impactful.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

Risk Management (continued)

  1. IT strategy ; specifically how we manage and make use of data and the cyber risks related to this and the impact of poor digital infrastructure.

  2. Meeting our KPIs for member and income growth.

  3. Strategic direction, particularly focusing on the right things .

These risk areas have been further analysed each with a specific mitigation action plan owned by a member of the Leadership Team. These risk areas will be reviewed in Summer 2024 with an update report provided to both the Audit and Risk Committee and the General Council.

FUTURE PLANS

CIWM’s future plans are outlined in the CIWM five year strategy launched in 2021. Our 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.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

FUTURE PLANS (continued)

In January 2024 CIWM acquired the Circular Economy Institute and Circular Economy Club. These acquisitions directly accelerate CIWM’s progress toward delivering its strategic goals to build communities of practice and enhanced engagement and connectivity worldwide. The Circular Economy Institute’s mission is to promote the highest standards of practice in the circular economy field, to build the strong leadership we need internationally to shift from linear to circular. The Circular Economy Club is the international network of the circular economy field, engaging and connecting over 8,000 Circular Economy professionals and organisations around the world

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 . Where changes are required each document requires a different approval process.

In January 2023 CIWM held an Extraordinary General Meeting in order to introduce the CIWM Technical grade. CIWM Members voted in favour of introducing this new grade and this resulted in changes to the CIWM regulations.

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

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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:

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 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 Policy & Innovation Forum 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.

During 2023 CIWM had the following dormant subsidiaries: CIWM International Limited, Waste Smart Limited, Resource Smart Limited, Institute of Wastes Management, WAMITAB Limited and The Waste Management Industry Training and Advisory Board Limited. In October 2023 the Circular Economy Institute Limited was incorporated and remained dormant throughout 2023.

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.

CIWM also runs several task and finish or working groups in order to influence and support CIWM projects.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Trustees’ report (continued)

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 27 September 2023.

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.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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:

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

Gpenetdin _

J Kutner

Honorary Treasurer 500 Pavilion Drive Northampton NN4 7YJ 11 June 2024

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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

Opinion

We have audited the financial statements of Chartered Institution of Wastes Management for the year ended 31 December 2023, 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:

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.

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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:

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)© 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.

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CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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:

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 responsibilities, 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.

~~34~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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:

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.

~~35~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

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)© 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.

Jonathan Aikens (Senior Statutory Auditor) \Kivote lngen Gud LLP.

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

19 June 2024[Date]

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

~~36~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Consolidated statement of financial activities for year ended 31 December 2023

Unrestricted funds Unrestricted funds
Note General Designated Endowment Total funds Total funds
Funds Funds Funds
2023 2022
Income £ £ £ £ £
Income from charitable activities:
Membership subscriptions 701,689 - - 701,689 708,065
Affiliated Organisation income 366,002 366,002 340,647
Regional centre income 48,194 - - 48,194 39,293
Charitable trading income 1,210,226 - - 1,210,226 988,197
Income from provision of qualifications 1,482,303 - - 1,482,303 1,369,486
Grant income 19 - - - - 9,907
Income from trading activity:
Commercial trading operations 305,452 - - 305,452 281,309
Income from investments:
Investment income 8 123,509 - - 123,509 101,252
Interest receivable 34,551 - - 34,551 7,059
Other income 43,239
 -
 - 43,239
 44,732
Total income 4,315,165 - - 4,315,165 3,889,947
Expenditure
Expenditure on raising funds
Investment management (30,227) - - (30,227) (29,401)
Commercial trading operations (200,433) - - (200,433) (178,643)
Charitable activities:
Charitable trading expenditure (509,722) - - (509,722) (437,315)
Provision of qualifications (331,173) - - (331,173) (293,745)
Staff costs (2,288,026) - - (2,288,026) (1,817,115)
Regional centre expenses (46,927) - - (46,927) (38,360)
Committee directed costs (80,000) - - (80,000) (57,852)
Committee running costs (10,117) - - (10,117) (9,073)
Premises costs, postage, stationery, (483,877) - - (483,877) (478,442)
Communications, marketing
Travel and accommodation (40,305) - - (40,305) (25,225)
Insurances and other Professional fees (107,964) - - (107,964) (155,226)
Amortisation (15,283) - - (15,283) (14,053)
Depreciation (24,087) - - (24,087) (41,352)
Financing costs (38,841) (38,841) (31,991)
Grants for Projects 15 -
 (301,457)
 (301,457) (270,570)
Total expenditure (4,206,982)
 (301,457)
 - (4,508,439) (3,878,363)
Net income/ (expenditure) 108,183 (301,457) - (193,274)
11,584
Net gains/ (losses) on investment assets 300,130
 -
 - 300,130 (822,481)
Net income/ (expenditure) 408,313 (301,457) - 106,856 (810,897)
Transfers between funds 15 (305,323) 305,323 - - -
Net movement in funds 5 102,990 3,866 - 106,856 (810,897)
Total funds brought forward 15 6,325,458
 228,490
 24,573 6,578,521 7,389,418
Total funds carried forward 15 6,428,448
 232,356
 24,573 6,685,377 6,578,521

The Charity has no recognised gains or losses for the year (2022: £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 2022 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.

~~37~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Consolidated balance sheet as at 31 December 2023

Note 2023 2022 2022
As restated
£ £
£		 £ £
Fixed assets
Intangible assets 10 30,728 34,686
Tangible assets 10 11,557 29,811
Investments 11 5,567,918 5,180,158
5,610,203 5,244,655
Current assets
Debtors 12 748,053 748,053 750,309
Cash at bank and on deposit 1,631,555 1,631,555
 1,752,161
2,379,608 2,379,608 2,502,470
Creditors:amounts falling due within one year 13 (1,091,003) (970,186)
Net current assets 1,288,605 1,532,284
Total assets less current liabilities 6,898,808 6,776,939
Creditors:amounts falling due after more than 13 (213,431) (198,418)
one year one year
Net assets 6,685,377 6,578,521
Endowment funds
Permanent 15 24,573 24,573
Restricted funds 15 - -
Unrestricted funds
Designated funds 15 232,356 228,490
General funds 15 6,428,448 6,325,458
Total funds 15 6,685,377 6,578,521

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

These financial statements were approved by the General Council on 11 June 2024 and were signed on its behalf by:

D Cooke President

J Kutner Honorary Treasurer

~~38~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Charity balance sheet as at 31 December 2023

Note 2023 2023 2022 2022
As restated
£ £ £ £
Fixed assets
Intangible assets 10 30,728 34,686
Tangible assets 10 11,557 29,811
Investments 11 5,568,125 5,180,265
5,610,410 5,244,762
Current assets
Debtors 12 751,597 742,764
Cash at bank and on deposit 1,465,026 1,606,085
2,216,623 2,348,849
Creditors:amounts falling due within one year 13 (1,063,685) (949,821)
Net current assets 1,152,938 1,399,028
Total assets less current liabilities 6,763,348 6,643,790
Creditors:amounts falling due after more than 13 (213,431) (198,418)
one year
Net assets 6,549,917 6,445,372
Endowment funds
Permanent 15 24,573 24,573
Restricted funds 15 - -
Unrestricted funds
Designated funds 15 232,356 228,490
General funds 15 6,292,988 6,192,309
Total funds 15 6,549,917 6,445,372

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

These financial statements were approved by the General Council on 11 June 2024 and were signed on its behalf by:

D Cooke J Kutner President Honorary Treasurer

~~39~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Consolidated Statement of Cash Flows for the year ended 31 December 2023

2023 2022
£ £
Cash flow/(outflow) from operating activities
Net cash (used in)/ provided by operating activities (173,879) 112,564
═══════ ═══════
Cash flows from investing activities
Interest, dividends and other investment income received 158,060 108,311
Proceeds from sale of fixed assets - -
Proceeds from disposal of fixed asset investments
excluding endowment funds 905,793 781,996
Acquisition of fixed asset investments excluding
endowment funds (1,033,205) (873,010)
(Additions)/disposals to investments in current assets - -
Payments to acquire tangible and intangible fixed assets (17,157) (10,188)
──────── ────────
13,491 7,109
═══════ ═══════
Net increase in cash and cash equivalents (160,388)
 119,673
Cash and cash equivalents at beginning of year 1,355,360 1,235,687
─────── ────────
Cash and cash equivalents at end of year 1,194,972 1,355,360
═══════ ═══════
Cash and cash equivalents at end of year comprise
Cash at bank and on deposit 1,056,555 1,177,161
Cash held within the investment portfolio 138,417 178,199
─────── ────────
Cash and cash equivalents at end of year 1,194,972 1,355,360
═══════ ═══════

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

2023 2022
£ £
Net income/(expenditure) including endowments 106,856 (810,897)
Adjustments for:
Amortisation/Depreciation charges 39,370 55,405
Loss on disposal of fixed assets - -
Net (gains)/ losses on investments (300,130) 822,481
Investment income (158,060) (108,311)
Decrease/ (increase) in debtors 2,256 (155,650)
Increase/ (decrease) in creditors 135,829 309,536
─────── ───────
Net cash (used in)/ provided by operating activities (173,879) 112,564
═══════ ═══════

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

~~40~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

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.

CIWM Review of 2023

~~41~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

1 Accounting policies ( continued )

Basis of consolidation and Group financial statements

The financial statements consolidate the financial statements of CIWM and its wholly owned non-charitable subsidiaries, CIWM Enterprises Limited (trading), CIWM International Limited (dormant), Waste Smart Limited (dormant), Resource Smart Limited (dormant), Institute of Wastes Management (dormant), WAMITAB Limited (dormant), The Waste Management Industry Training and Advisory Board Limited (dormant) and Circular Economy Institute Limited (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.

~~42~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

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. 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 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.

Grants payable are recognised when they have been communicated to the recipient and any conditions are within the control of the grantee.

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.

~~43~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

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 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. Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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:

Office equipment including computer equipment - 33[1] /3% on cost Fixtures and fittings - 15% to 33[1] /3% on cost

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.

CIWM Review of 2023

~~44~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

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.

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 at bank and on deposit

Cash at bank and on deposit includes cash and short-term liquid investments with an original maturity date of three months or less.

CIWM Review of 2023

~~45~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

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 provisions 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 defined 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.

~~46~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

2 Legal status of the Charity

The Chartered Institution of Wastes Management is a Royal Charter company 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:

Key sources of estimation uncertainty

For the years ended 31 December 2023 and 2022 the Trustees consider that there were no key sources of estimation uncertainty.

CIWM Review of 2023

~~47~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

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 2023 is shown below.

Charitable
Activities
Expenditure
on raising
funds
£
£
Governance
–
see below
115,706
-
Finance & IT
328,089
8,996
HR & General
Administration
11,028
-
454,823
8,996		 Other
£
-
8,631
-
8,631		 Total
allocated
2023
Basis
£
115,706
Staff time and
actual costs
incurred
345,716
Staff time and
usage
11,028
Actual costs
incurred
472,450

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 2022 is shown below.

Charitable
Activities
Expenditure
on raising
funds
£
£
Governance
–
see below
101,499
-
Finance & IT
291,736
8,471
HR & General
Administration
10,273
-
403,508
8,471		 Other
£
-
8,158
-
8,158		 Total
allocated
2022
Basis
£
101,499
Staff time and
actual costs
incurred
308,365
Staff time and
usage
10,273
Actual costs
incurred
420,137

~~48~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

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		 2023
£
9,435
23,650
9,532

73,089
115,706		 2022
£
8,290
24,840
7,469
60,900
101,499

5 Movement in net funds for the year

5 Movement in net funds for the year
**2023 ** 2022
£ £
Movement in net funds is stated after charging:
Auditors’ remuneration:
Audit fees
- group		 23,650 24,840
- charity 23,650 24,840
Non audit fees
- group		 735 2,913
Amortisation of intangible fixed assets 15,283 14,053
Depreciation of tangible fixed assets 24,087 41,352
Operating lease payments 76,011 78,071

~~49~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

6 Payments to General Council members

No Trustees received emoluments during the period (2022: £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
 2023
£
3,550

3,550


8
 2022
£
2,742

2,742

4

7 Staff numbers and costs

The average number of persons employed by the group during the year was 40 (2022: 36) and the average number of full-time equivalent employees (including casual and parttime staff) during the period was as follows:

Charitable activities
Support		 2023
Number
34
4

38
 2022
Number
31
4
35

~~50~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

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:
2023 2022
£ £
Wages and salaries 1,752,786 1,398,590
Social security costs 192,022 153,558
Pension contributions to defined contribution pension schemes 142,310 103,039
Termination payments 20,494
 -
2,107,612
 1,655,187

All employees are eligible to join CIWM’s health insurance schemes and premiums paid in respect of those who have opted for membership was: 2023 £11,600 (2022: £9,575) . CIWM also provides all employees with insurance cover for Death in Service and Permanent Health Insurance cover – premiums paid: 2023 £26,583 (2022: £ 27,519 ).

Key management personnel include the Trustees, Chief Executive Officer, Senior Director of Policy and Education, Director of Governance and Strategic Projects, Director of Innovation and Technical Services, Marketing Director, and Commercial & Membership Director. Total pay & benefits received by key management personnel was £638,475 (2022: £525,241).

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.
2023 2022
No No
£60,001 - £70,000 1 4
£70,001 - £80,000 4 1
£80,001 - £90,000 - -
£90,001 - £100,000 - -
£100,001 - £110,000 - -
£110,001 - £120,000 - -
£120,001 - £130,000 - -
£130,001 - £140,000 - 1
£140,001 - £150,000 - -
£150,001 - £160,000 - -
£160,001 –£170,000 1 -

Pension contributions relating to employees earning more than £60,000 amounted to £45,781 (2022: £37,484).

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

CIWM Review of 2023

~~51~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

8 Income from fixed asset investments

Income from fixed asset investments
2023 2022
£ £
Income from fixed asset investments:
Listed and common investment funds 123,509 101,252

9 Indemnity insurance

The CIWM Group operates trustees’ and officers’ liability insurance cover at a total cost of £3,360 ( 2022: £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 2023 284,888 716,303 216,982 1,142,440
Additions 11,325 - 5,832 148,109
Disposals -
 (716,303)
 -
 (834,863)
At 31 December 2023 296,213
 -
 222,814
 455,686
Amortisation/Depreciation
At 1 January 2023 250,202 261,441 187,170 669,685
Charge for year 15,283 5,619 24,087 33,958
Disposals -
 (267,060)
 -
 (385,620)
At 31 December 2023 265,485
 -
 211,257
 318,023
Net book value
At 31 December 2023 30,728
 -
 11,557
 137,663
At 31 December 2022 34,686
 454,862
 29,811
 472,755

The net book value at 31 December 2023 represents fixed assets used for:

Fixtures &
Fittings/Office
Equipment
£
Computer
Software
£
Headquarters
11,557
30,728

 Total
£
42,285

~~52~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

10 Intangible and Tangible Fixed Assets ( continued )

Charity

Intangible
Fixed Assets


Computer
Software
£
Cost
At 1 January 2023
284,888
Additions
11,325
Disposals
-

At 31 December 2023
296,213

Amortisation/Depreciation
At 1 January 2023
250,202
Charge for year
15,283
Disposals
-

At 31 December 2023
265,485

Net book value
At 31 December 2023
30,728

At 31 December 2022
34,686
 Tangible
Fixed Assets
Fixtures &
Fittings/Office
Equipment
£
716,303
216,982
-
5,832
(716,303)
-


-
222,814


261,441
187,170
5,619
24,087
(267,060)
-


-
211,257


-
11,557


454,862
29,811

 1,142,440
148,109
(834,863)

455,686

669,685
33,958
(385,620)

318,023

137,663

472,755

The net book value at 31 December 2023 represents fixed assets used for:

Fixtures &
Fittings/Office
Equipment
£

Headquarters
11,557

11 Fixed asset investments
Listed investmentsat market value

Cash held within the investment portfolio
Investment in unlisted securities
Group undertakings


 Computer
Software
£
30,728

Group
2023
£
5,429,204
138,417
297
-


5,567,918
 Total
£
42,285

Group
2022
£
5,001,662
178,199
297
-

5,180,158
 Charity
2023
£
5,429,204
138,417
297
207

5,568,125
 Charity
2022
£
5,001,662
178,199
297
107

5,180,265

~~53~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

11 Fixed asset investments ( continued )

Listed investments:
Market value at 1 January 2023
Additions at cost
Sales proceeds
Net gain/ (loss)
Market value at 31 December 2023
Historical cost at 31 December 2023		 Group
2023
£
5,001,662
1,033,205
(905,793)
300,130

5,429,204

4,861,760
 Group
2022
£
5,733,129
873,010
(781,996)
(822,481)

5,001,662

4,647,429
 Charity
2023
£
5,001,662
1,033,205
(905,793)
300,130

5,429,204

4,861,760
 Charity
2022
£
5,733,129
873,010
(781,996)
(822,481)

5,001,662

4,647,429

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

2023 2022
£ £
Listed investments (excluding cash held on deposit within the portfolio) 5,429,204 5,001,662

No individual investment included in the portfolio is considered significant.

Unlisted investment

Value at 1 January 2023
Provision
Impairment
Value at 31 December 2023		 2023
£
297
-
-
297		 2022
£
297
-
-
297

Shares in group undertakings

CIWM Enterprises Limited
CIWM International Limited
Waste Smart Limited
Resource Smart limited
The Waste Management Industry
Training & Advisory Board Skills Ltd
Circular Economy Institute Limited		 Group
2023
£
-
-
-
-
-
-

-
 Group
2022
£
-
-
-
-
-
-

-
 Charity
2023
£
2
100
2
2
1
100

207
 Charity
2022
£
2
100
2
2
1
-

107

CIWM Review of 2023

~~54~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

11 Fixed asset investments ( continued )

The subsidiaries of CIWM at 31 December 2023 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)
Institute of Wastes Management England and Wales Dormant -
(Company Limited by guarantee) (00229724)
The Waste Management Industry England and Wales Dormant 100%
Training and Advisory Board Limited (12471875)
WAMITAB Limited England and Wales Dormant -
(Company limited by guarantee) (11139282)
Circular Economy Institute Limited England and Wales Dormant 100%
(15232864)

The issued share capital of CIWM Enterprises Limited is £2, divided into 2 ordinary shares of £1 each and shareholders’ funds at 31 December 2023 totalled £135,462 (2022: £133,151). The company had a surplus of £94,745 before Gift Aid in 2023 (2022 surplus: 92,434) . Turnover in 2023 was £305,452 (2022: £281,309).

The Circular Economy Institute Limited was incorporated on 24 October 2023. The issued share capital is £100, divided into 100 ordinary shares of £1 each. The company remained dormant throughout 2023.

12 Debtors

Trade debtors
Amounts owed by subsidiary undertakings
Other debtors and taxation
Prepayments and accrued income		 Group
2023
£
431,176
-
9,256
307,621

748,053		 Group
2022
£
588,282
-
1,768
160,259

750,309		 Charity
2023
£
428,245
4,980
10,792
307,580

751,597		 Charity
2022
£
580,738
-
1,767
160,259

742,764

CIWM Review of 2023

~~55~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

13 Creditors: amounts falling due within one year

Group
2023
£
Trade creditors
71,448
Amounts owed to subsidiary undertaking
-
Other creditors
78,581
Other taxation and social security
80,036
Accruals
267,279
Deferred income
496,706
Grant Commitment
96,953

1,091,003
 Group
Charity
2022
2023
£
£
57,323
73,007
-
205
70,232
46,785
98,438
84,778
195,914
265,874
462,637
496,083
85,642
96,953


970,186
1,063,685

 Charity
2022
£
58,866
3,610
36,843
110,530
194,839
459,491
85,642
949,821

Creditors: amounts falling due after more than one year

Grant Commitment- WEERT Project
Grant Commitment- WasteAid Project		 Group
2023
£
198,418
15,013

213,431
 Group
2022
£
198,418
-

198,418
 Charity
2023
£
198,418
15,013

213,431
 Charity
2022
£
198,418
-
198,418

14 Deferred income

At beginning of the year
Movement in the year
At end of the year		 Group
2023
£
462,637
34,069

496,706
 Group
2022
£
427,627
35,010

462,637
 Charity
2023
£
459,491
36,592

496,083
 Charity
2022
£
417,619
41,872
459,491

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.

~~56~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

15 Statement of funds

Group – for the year ended 31 December 2023

1 January Investment 31 December
2023 Income Expenditure Gain/(Losses) Transfers 2023
s
£ £ £ £ £ £
General funds: 6,325,458 4,315,165 (4,206,982)
300,130		 (305,323) 6,428,448
Designated funds:
Projects- Batteries - - (20,000)
-		 20,000 -
Projects- EDI Strategy 228,490 - (64,884)
-		 - 163,606
Projects- Tech Take Back - - (70,324)
-		 70,324 -
Projects- CE Innovators - - - - 68,750 68,750
Projects- WasteAid - - (146,249)
-		 146,249 -
Total unrestricted funds 6,553,948 4,315,165 (4,508,439)
300,130		 - 6,660,804
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 6,578,521 4,315,165 (4,508,439)
300,130		 - 6,685,377

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 February 2023 CIWM transferred £20,000 to the Designated Fund to fund a project ‘Batteries- Towards a New Approach to Producer Responsibility’. In May 2023 £24,750 was transferred to the Designated Fund for a 3 month project Tech Takeback ‘Revalu IT : developing a replicable model for electrical reuse across the UK’ . In December 2023 a further £45,574 was transferred for the next 6-month phase of this project. In August 2023, CIWM transferred a further £150,000 to the WasteAid project ‘Dennakuwo- Gambia Phase 2- Deepen and Expand’. In October 2023 CIWM transferred £68,750 to the Designated Fund for a Circular Economy Innovators project. This fund will offer fast-track brand communications, marketing and design packages to SMEs delivering innovative services contributing towards a more circular economy.

CIWM Review of 2023

~~57~~

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

15 Statement of funds ( continued )

Group – for the year ended 31 December 2022

1 January Investment 31 December
2022 Income Expenditure Gain/(Losses) Transfers 2022
s
£ £ £ £ £ £
General funds: 7,114,845 3,889,947 (3,607,793)
(822,481)		 (249,060) 6,325,458
Designated funds:
Projects- WEERT 250,000 - (243,346)
-		 (6,654) -
Projects- EDI Strategy - - (1,510)
-		 230,000 228,490
Projects- Green Skills - - (15,714)
-		 15,714 -
Projects- WasteAid - - (10,000)
-		 10,000 -
Total unrestricted funds 7,364,845 3,889,947 (3,878,363)
(822,481)		 - 6,553,948
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 7,389,418 3,889,947 (3,878,363)
(822,481)		 - 6,578,521

In September 2022 CIWM entered into a five-year funded partnership with the Waste Environmental Education Research Trust (WEERT), for £243,346. The aim of this project is to fund 72 students from disadvantaged backgrounds per annum for five years to attend residential engineering courses at the University of Oxford; the courses tailored to include content relating to waste treatment. In 2022 CIWM transferred £230,000 to the Designated Fund to be used to deliver CIWM’s 3-year EDI Strategy. This strategy will ensure the Institution is open and inclusive to all, regardless of background, ability, ethnicity, gender or sexual orientation. 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. In July 2022 CIWM transferred £15,714 to the Designated Fund to fund CIWM’s Green Skills research.

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.

~~58~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

15 Statement of funds (continued)

Charity – for the year ended 31 December 2023

1 January 1 January Investment 31 December
2023 Income Expenditure (Losses)/ Transfers 2023
Gains
£ £ £ £ £ £
General funds: 6,192,309 4,114,531 (4,008,659)
300,130		 (305,323)
6,292,988
Projects- Batteries - - (20,000)
-		 20,000 -
Projects- EDI Strategy 228,490 - (64,884) - 163,606
Projects- Tech Take Back - - (70,324) 70,324 -
Projects- CE Innovators - - - 68,750 68,750
Projects- WasteAid - - (146,249)
-		 146,249 -
Total unrestricted funds 6,420,799 4,114,531 (4,310,116)
300,130		 - 6,525,344
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 6,445,372 4,114,531 (4,310,116)
300,130		 - 6,549,917

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.

~~59~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

15 Statement of funds (continued)

Charity – for the year ended 31 December 2022

1 January Investment 31 December
2022 Income Expenditure (Losses)/ Transfers 2022
Gains
£ £ £ £ £ £
General funds: 7,047,845 3,645,366 (3,429,361)
(822,481)		 (249,060)
6,192,309
Projects- WEERT 250,000 - (243,346)
-		 (6,654)
-
Projects- EDI Strategy - - (1,510) 230,000 228,490
Projects- Green Skills - - (15,714) 15,714 -
Projects- WasteAid - - (10,000)
-		 10,000 -
Total unrestricted funds 7,297,845 3,645,366 (3,699,931)
(822,481)		 - 6,420,799
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 7,322,418 3,645,366 (3,699,931)
(822,481)		 - 6,445,372

~~60~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

16 Consolidated Statement of Financial Activities for year ended 31 December 2022

Unrestricted funds Unrestricted funds
Note General Designated Endowment Total funds Total funds
Funds Funds Funds
2022 2021
Income £ £ £ £ £
Income from charitable activities:
Membership subscriptions 708,065 - - 708,065 723,297
Affiliated Organisation income 340,647 340,647 327,640
Regional centre income 39,293 - - 39,293 6,194
Charitable trading income 988,197 - - 988,197 765,486
Income from provision of qualifications 1,369,486 - - 1,369,486 1,129,941
Income from trading activity:
Commercial trading operations 281,309 - - 281,309 216,234
Investment income 8 101,252 - - 101,252 95,081
Interest receivable 7,059 - - 7,059 272
Grant income 19 9,907 - - 9,907 -
Other income 44,732
 -
 - 44,732
 44,513
Total income 3,889,947 - - 3,889,947 3,308,658
Expenditure
Expenditure on raising funds
Investment management (29,401) - - (29,401) (35,285)
Commercial trading operations (178,643) - - (178,643) (148,322)
Charitable activities:
Charitable trading expenditure (437,315) - - (437,315) (275,998)
Provision of qualifications (293,745) - - (293,745) (221,106)
Staff costs (1,817,115) - - (1,817,115) (1,568,306)
Regional centre expenses (38,360) - - (38,360) (11,202)
Committee directed costs (57,852) - - (57,852) (77,058)
Committee running costs (9,073) - - (9,073) (5,121)
Premises costs, postage, stationery, (478,442) - - (478,442) (386,085)
Communications, marketing
Restructuring costs - - - - (141,564)
Travel and accommodation (25,225) - - (25,225) (7,965)
Insurances and other Professional fees (155,226) - - (155,226) (103,976)
Amortisation (14,053) - - (14,053) (13,828)
Depreciation (41,352) - - (41,352) (55,667)
Loss of Disposal of Fixed Asset - - - - (7,436)
Financing costs (31,991) (31,991) (26,976)
Grants for Projects 15 -
 (270,570)
 (270,570) (150,000)
Total expenditure (3,607,793)
 (270,570)
 - (3,878,363) (3,235,895)
Net income/ (expenditure) 282,154 (270,570) - 11,584 72,763
Net gains/ (losses) on investment assets (822,481)
 -
 - (822,481)
536,289
Net income/ (expenditure) (540,327) (270,570) - (810,897)
609,052
Transfers between funds 15 (249,060) 249,060 - - -
Net movement in funds 5 (789,387) (21,510) - (810,897)
609,052
Total funds brought forward 15 7,114,845
 250,000
 24,573 7,389,418 6,780,366
Total funds carried forward 15 6,325,458
 228,490
 24,573 6,578,521 7,389,418

~~61~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2023

17 Analysis of group net assets between funds

Unrestricted Endowment
Funds & Restricted Total
funds
£ £ £
Fund balances at 31 December 2023 are represented by:
Tangible and intangible fixed assets 42,285 - 42,285
Investments 5,543,345 24,573 5,567,918
Current assets 2,379,608 - 2,379,608
Creditors falling due within one year (1,091,003) - (1,091,003)
Creditors falling due in more than one year (213,431)
 -
 (213,431)
Total net assets 6,660,804
 24,573
 6,685,377
Unrestricted Endowment
Funds & Restricted Total
funds
£ £ £
Fund balances at 31 December 2022 are represented by:
Tangible and intangible fixed assets 64,497 - 64,497
Investments 5,155,585 24,573 5,180,158
Current assets 2,502,470 - 2,502,470
Creditors falling due within one year (970,186) - (970,186)
Creditors falling due in more than one year (198,418)
 -
 (198,418)
Total net assets 6,553,948
 24,573
 6,578,521

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 2023 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
2023
£
59,840
29,154
-

88,994
 Group
2022
£
78,849
23,797
-

102,646
 Charity
2023
£
59,840
29,154
-

88,994
 Charity
2022
£
78,849
23,797
-
102,646

~~62~~

CIWM Review of 2023

TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2023

19 Grant income

There was no grant income in 2023. In 2022, CIWM was awarded a Welsh Language Support Grant from Qualifications Wales to translate qualifications materials into the Welsh language.

20 Related party transactions

There were no payments made to trustees for other services during the year. In May 2023 trustees allocated funds of £24,750 from reserves to a 3-month project by Tech-Takeback Ltd. In December 2023 a further £45,574 was allocated from reserves to Tech-Takeback Ltd for the next 6-month phase of the project. David Greenfield, who is a trustee in post since June 2023, is a director and shareholder of Tech-Takeback Ltd.

21 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.

22 Post balance sheet event

On 9 January 2024 the charity acquired the trade and assets of Circular Economy Institute S.L, a company registered in Spain, for consideration of £168,000.

23 Prior year adjustment

In the prior year a deposit of £575,000 was disclosed as investments within current assets on the balance sheet. The original maturity date was less than three months, and the cash can be accessed with less than three months’ notice. Therefore, the deposit has been reclassified as cash. This adjustment is a balance sheet reclassification only, so there is no effect on net movement in funds.

~~63~~

CIWM Review of 2023