2024-12-31-accounts

Review of 2024

Plus trustees’ report and financial statements for the year ended 31 December 2024 Together, we stand for a world beyond waste

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Contents

President’s foreword 03 Introduction from Tim Walker

04 The year in numbers

Key stats from the past 12 months

06

125 years of CIWM

Celebrating our anniversary year

07 Turning off the tap

The 2024 presidential theme discusses design and consumption, posing the question ‘how do we use less stuff?’

09 Influencing policy

A crucial part of CIWM’s work is shaping the policy that affects our sector’s day-to-day activity

13 Your membership

Looking at our professional development and member services activities

17 A regional round-up

The activities of our regional centres around the UK

20 Trustees’ report and consolidated financial statements

21 Trustees’ report

• 33 Statement of responsibilities of trustees

34 Independent auditor’s report

• 39 Consolidated statement of financial activities

• 40 Consolidated balance sheet

• 41 Charity balance sheet

42 Consolidated statement of cash flows

43 Notes to the financial statements

02 CIWM Review of 2024

Presidential review

Wow! And just like that it’s almost over. The build up to being the 108th CIWM President was mighty, and I was thrilled to be following in the footsteps of my arc21 predecessor John Quinn, who was president a decade ago. He too focused upon the shifting sands of our sector and selected The circular economy: what does it mean for the waste and resources management sector? for his presidential report.

I followed a similar theme, exploring if waste is a failure of design. I looked at Turning off the tap: why better design can increase resource resilience and reduce consumption. There have been meetings with individuals and organisations, such as the Design Council, to explore what this meant, and to consider how working across the supply chain could prevent or minimise the production of waste by raising awareness of what happens to products post-consumer.

For me, it highlighted that, while waste and end of life are obvious things for us to consider, they are frequently overlooked at the design stage. And when they are not overlooked, designers tend to think they don’t have sufficient agency to challenge their brief.

The task now is how, in the resources and waste sector, we can work across the supply chain to change this

oversight? It remains a work in progress, but minimising waste (and reducing the harm it can cause) is central to circular economy thinking, so there will be more to come.

As president, I also took the opportunity to speak at, or attend, events across the country – including several AGMs – and to go to Italy for an amazing trade show.

I really enjoyed getting out and about and meeting with Fellows, members and friends from the different regions – and I learned so much, from tracking systems to waste-wood quench systems to the latest landfill (yes, landfill!) techniques. Another highlight was almost winning a pub quiz in Cardiff. Everyone was charming and I was again struck by the camaraderie and general feeling of being part of one big family.

In my final couple of weeks there are a few more speaking engagements, more meetings on progressing the work of my Presidential Report, and a final trip before I hand over to the ever capable Dr David Greenfield.

It’s been an enjoyable year and a personal highlight of my working career. Thank you all so much for the privilege and honour of being your president.

Tim Walker FCIWM 2024/2025 President of CIWM

03 CIWM Review of 2024

Looking back

A year in numbers 2024 has been a busy year

Hello to new members 2,359

members Congratulations! 68 achieved Chartered status. 15[ gained ] [Fellows status.]

2,710[ people ] attended our sector-leading events

151 Cymru 1,153 webinars 1,039 367 London gala dinner

We launched new 25 training courses and issued 13,909 certificates , including 3,625 Continuing Competency tests

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04 CIWM Review of 2024

Looking back

147,000[ people ] visited Circular Online. Our members started[conversations on ] 915 CIWM Connect.

CIWM had representation on 44 advisory panels and at 189 government working-group meetings

Our policy team replied to 34 consultations.

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We spoke on 43 podcasts[and, by the ] end of the year, we had

[followers] 10,000 on social media

As we said, a busy year. We can’t wait to see what the rest of 2025 looks like.

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05 CIWM Review of 2024

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Anniversary year
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125 years of CIWM

We are proud of our history and our roots, and 2024 was a great opportunity to celebrate them

CIWM reached a significant milestone in 2024: the 125th anniversary of our formation. It was in 1898 that a group of Victorian waste managers sat down in a Manchester pub and formed the Association of Cleansing Superintendents, which evolved to become the Chartered Institution of Wastes Management that we know today.

The resources and waste sector was very different back then, although many of the challenges it faced sound familiar. Our sector has always existed to protect humanity from itself, or rather the harmful effects of the waste it produces as a by-product of living.

In Victorian times, the threat was disease and squalor; now, it’s climate change, biodiversity loss, and the exhaustion of natural resources. We are moving on from treating waste to preventing waste – encouraging the ‘repair, reuse, recycle’ behaviour that our Victorian

cousins seemed to do very well, but which we have lost sight of since the rise of our throwaway culture. We are still protecting humanity from itself, and the threat has never been more serious.

We enjoyed celebrating our 125th birthday with events and activities throughout the year. A special anniversary video (left) takes a more detailed look at how the CIWM came into being: the moments that defined the industry, the people who inspired them, and the milestones that made the Institution what it is today.

Here’s to the next 125 years!

06 CIWM Review of 2024

Presidential Report _ Tie. ee — ° 5 oi

Turning off the tap Reducing consumption and designing better products that last for longer were the foundations of 2024’s CIWM Presidential Report

The resources and waste industry has long been seen as ‘end of pipe’ – cleaning up the mess made at the conclusion of a product’s life. CIWM’s 2024 President, Tim Walker, tackles this misconception head-on in his Presidential Report, Turning off the tap: why better design can increase resource resilience and reduce consumption.

‘It is critical to remember that the first action of the waste hierarchy is waste prevention,’ said Walker when revealing his report. ‘It’s time to seriously address the role of design and development in the creation of “stuff”, and recognise how the resources and waste sector, which is at the nucleus of circularity, can support better decision-making to effectively reduce our use of these precious resources.

‘As a sector, we are gifted a wealth of materials every day. Our profession is serious about delivering circularity and, to aid us, we need better engagement across the whole supply chain. This will help make better use of these materials so we can help reduce society’s impact on nature and our planet.’

Walker – who also heads-up arc21, a contracting authority that looks after waste for six councils in Northern Ireland – said that, despite improvements in the way we treat waste, through recycling, for instance, he remains frustrated. ‘We have to be honest, despite our best efforts we have been unable to turn off the waste tap. Consumption is the real issue.

‘Apart from during economic crises this [consumption] does not seem

to falter. In the resources and waste industry we’ve reached a point where we can’t keep trying the same things and expecting a different result. We are going to have to try different things.’

Walker’s Presidential Report recognises that CIWM is ideally placed to support this change and it makes several recommendations designed to accelerate the transition to a more circular economy, including:

• Using CIWM and the Circular Economy Institute (CEI) to lead the way towards circularity

• Supporting collaboration by facilitating cross-industry best practice

• Elevating circular skills development as critical to the transition

• Identifying opportunities for

07 CIWM Review of 2024

Presidential Report

evolving regulation to help stem the flow of resources

• Providing constructive challenge to help reduce consumption and problematic items

• Working with brands and retailers to support the reduction in single-use items

• Working with other trade organisations to promote circularity.

‘As waste has often been called a “failure of design”, I thought this could be worth exploring further,’ Walker told Circular magazine (issue 32). ‘I’ve always had an appreciation for design – it fascinates me. Not just the design of products, but also of manufacturing supply

chains, business models, even people’s attitudes and behaviours – and their consequences.’

Walker’s report is not only targeted at designers, but he describes them as ‘the linchpin’ around which a supply chain coalesces. ‘What I want to do is start a conversation about reducing product complexity, so that organisations’ specifications include things such as long-life repairability and recyclability.

‘I’m fully aware that this is at odds with the need for the majority of businesses to turn a profit and generate dividends for their shareholders. So when brands such

as The North Face, Patagonia and Timberland come forward to say “our job is now to produce longer-lasting products that leave less of a footprint on the environment”, they have had to have an answer for shareholders regarding how the necessary reduction in manufacturing aligns with expectations for a return on equity.

‘Part of the answer will be designing business models to incorporate these items alongside manufacture; it’s going to take creative thinking as well as action.’

Read Tim Walker’s 2024 Presidential Report in full at bit.ly/44hDxpN

Our first Early Careers President

CIWM reinforced its dedication to nurturing new talent by appointing Charlotte Davies as its first Early Careers President. This move underscored our commitment to equip the resources and waste sector with the skills needed for future growth.

Davies, a senior consultant for resource efficiency and circularity at Beyondly, is leading a newly established Early Careers Team. Comprised of ambassadors from across the industry, including

representatives from Suez, FCC and Mott MacDonald, the team is championing the voices of those starting their careers. Their responsibilities range from participating in strategic meetings and reverse mentoring senior leaders to promoting CIWM membership and engaging in outreach with colleges and universities.

Selected for her enthusiasm and commitment to environmental change, Davies said she wanted to inspire professional development

within the sector: ‘I aim to enhance current outreach programmes... to provide valuable insights into industry trends and career opportunities.’ She added that she planned to use platforms such as TikTok to reach younger audiences and highlight the importance of resource management in addressing the climate crisis.

This initiative is part of our equity, diversity and inclusion strategy that aims to ensure diverse perspectives shape our industry’s future.

08 CIWM Review of 2024

Having influence

CIWM has a voice at the heart of government – responding to consultations, and issuing expert and policy advice. There was a change of government in 2024, meaning CIWM’s expertise was in greater demand than ever, as new ministers and officials got their feet under their desks

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09 CIWM Review of 2024

Policy

It was the year we finally started to see movement on the policies that would bring the 2018 resources and waste strategy to life. An important time for CIWM to step up and be heard.

A policy blueprint

In a general election year, CIWM recognised a need to evaluate the current policy landscape in resources and waste management. Anticipating a pivotal moment for change, CIWM undertook a comprehensive review of the UK government’s resources and waste strategy for England. This critical assessment, conducted by a dedicated working group of CIWM members, revealed that the strategy – while welcomed in 2018 – is outdated and insufficient to meet the evolving demands of a circular economy and the urgent need for greater resource resilience.

The outcome of the review was a forward-looking policy blueprint: 10 key ‘policy opportunities’ designed to accelerate the UK’s transition to a more sustainable and circular model.

These recommendations, strategically phased for implementation within the first five years of a new government, address critical areas: the swift implementation of delayed policies; the immediate establishment of a cross-government task force to champion resource resilience; and the urgent need for investment in green skills.

within CIWM and externally, with a seat on the UK government’s Green Jobs Taskforce.

The blueprint also emphasises the importance of upstream interventions, including resource-efficient design, the embedding of true producer responsibility, and the introduction of ambitious targets focused on waste prevention, reuse and repair.

Our response to the establishment of Skills England was to identify three areas for swift and impactful change:

• Diversifying the Apprenticeship Levy to create a green skills fund

Looking ahead, CIWM is committed to actively engaging with policymakers following the general election. The ‘policy opportunities’ in the blueprint are the foundation of our ongoing policy work, guiding the development of more specific proposals for government consideration.

• Developing the UK green skills roadmap

• Investment in career attractiveness.

We believe that greater focus needs to be put on the coordinated delivery of a green-skills pipeline, beyond the energy sector, so that the skills system supports a functional and coordinated green sector and a prosperous economy.

This proactive approach underscores CIWM’s dedication to leading the sector towards a world beyond waste and ensuring the UK builds a truly resource-resilient future.

Batteries and the EPR of everything

Batteries continue to be a huge headache for waste managers. In 2023 alone, there were more than 1,200 fires at UK waste and recycling facilities, or in collection vehicles, that were suspected to be caused by discarded batteries. That’s an increase of 71 per cent from 2022.

The right skills for a greener future

A new development from the incoming Labour government was Skills England – an executive agency of the Department for Education. Its remit is to reform the post-16 skills system to better align education and training with the needs of the economy.

To curb this worrying trend, CIWM has proposed extended producer responsibility (EPR) for batteries in the UK, and a deposit return scheme (DRS).

This is a sphere in which we have been active for a few years – both

“CIWM is committed to actively engaging with policymakers following the general election”

10 CIWM Review of 2024

Policy

A CIWM white paper, based on an extensive research programme report commissioned by CIWM and carried out by env23, identified three main factors in battery-related incidents:

• A lack of clear and impactful consumer information

• A dramatic increase in batteries in everyday items

• A failure of producer responsibility rules to keep pace with the changing chemistry and pervasiveness of battery technology.

CIWM’s director of innovation and technical services, Lee Marshall, said: ‘The current targets for battery recycling are out of date, easily met, and amount to little more than a tick-box exercise for manufacturers and retailers. We call on the new government to rise to the problem of addressing hard-to-recycle products and to prioritise the launch of a battery DRS consultation.’

Batteries are just the first step; this CIWM white paper describes an ‘EPR of everything’.

It asks the question: ‘Where does the responsibility lie for cleaning up society’s mess?’ Currently, all roads lead to local authorities, but CIWM believes that local authorities should

“The current targets for battery recycling are out of date, easily met, and amount to little more than a tick-box exercise for manufacturers”

to a BBC report in October 2024. The broadcaster’s Climate and Science team and Shared Data Unit collaborated on an investigation into waste incineration at sites around the UK (see bit.ly/4ksWQkR)

be the last resort – they should be protecting human health and the environment, not acting as the front line for anything that producers choose to throw at them. The end-oflife impact of products and materials should not be a consequence of a carefree attitude by those who are carefully and consciously exploiting raw materials.

CIWM always welcomes investigations such as this, and the report raised some good questions; however, it also omitted a number of key factors.

By making producers pay for the disposal of their products, an EPR of everything would drive better design, extended product life, and better resource efficiency – and, of course, it would fund better collection, reprocessing and incorporation of materials back into new products.

Energy from waste (EfW) currently plays an important role within the UK’s essential recycling and waste management services. It is wellestablished and robustly regulated technology, with professional operators responsibly treating more than 14 million tonnes of society’s residual waste every year.

Read the white paper in full at bit.ly/4dVgZge

The UK’s EfW facilities represent considerable investment by the public and private sectors in recent years and have been delivered as part of the move away from landfill disposal – enabling a major and significant reduction in overall carbon emissions.

Setting the record straight

It is not only government with which our Technical and Policy team communicates. They are also on hand to respond to press coverage, as demonstrated by their contribution

11 CIWM Review of 2024

Policy

EfW is a transition technology, with an average expected operational life of 25-30 years. This should enable regulatory and market development to incentivise and enable waste prevention and recycling measures to improve overall resource efficiency.

It’s been an exciting year for CIWM’s policy team, who have seen a much faster pace of change. They have exceled in making CIWM’s voice heard at the highest levels. As we continue to modernise and shift our attitudes towards waste and resource, their expertise will continue to be invaluable.

The Behaviour Change Hierarchy

In 2024 we launched our Behaviour Change Hierarchy: the culmination of 30 years work in this area.

Behaviour change continues to be absolutely crucial in shifting the way that we treat waste, from subtle nudges to seismic shifts. Nevertheless, the principles this tool sets out are not only for the resources and waste industry; they can also be applied to other sectors that seek to change behaviours, including transport, energy and healthcare.

Behaviour change is a key operational objective – increasing recycling, minimising waste, and reducing the use of single-use plastic. These are all examples of a need to change behaviour via a combination of policy, services and communications.

This tool – launched by our Behaviour Change SEG – places the strategic options in decreasing order of effectiveness. The further down the list we go, the more communication and investment is required to bring about useful change.

Applying this model to operational planning will help you consider whether your operational choices will be sufficiently supported by the required level of communication and budget.

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Least communication
Most effective strategy needed
REMOVAL
NEUTRALITY
AWARE
+INFORM
EASE
& MOTIVATE
ASK +ENGAGE
Greatest communication
Least effective strategy needed
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Greatest communication needed

The report outlines six key findings: 1. Service/intervention design should be considered as part of the behaviour change strategy, not just a technical process of determination.

1. It is harder to change behaviour if doing so will cost people more money and/or take more time.

2. More people will change their behaviour if they find it easier than the alternative.

3. The strategic choices made about service/intervention design correlates to the level of communications required. This must be recognised at the design stage to ensure sufficient budget is available.

4. Some people will change their behaviour if you just ask them to – but it will take longer and cost more money.

Read the Behaviour Change Hierachy report in full at: bit.ly/3GcVQm2

1. People will have no option but to change behaviour if there is no option for them to do otherwise.

12 CIWM Review of 2024

Working hard for our membership Our teams have been hard at work ensuring CIWM delivers the best for its members

13 CIWM Review of 2024

Your CIWM

Nothing stands still in the world of resources and waste. For CIWM, 2024 was a time of growth, acquisition and new ventures, which have put us firmly at the centre of all things circular.

While we are passionate about a circular economy and keeping resources in use for longer, we are also passionate about you, our membership. There are more of you now than ever before – 2,359 more than last year, in fact. Representing your interests and giving you the opportunity to thrive is our most important role. That’s why we have continued to educate, inspire and inform, as well as advocate for the needs and interests of the sector.

It’s important that our membership accurately reflects the make-up of the UK’s population, which is why, this year, CIWM officially launched its Sector Inclusion Forum – a key initiative designed to support its equality, diversity and inclusion (EDI) strategy.

establishing links across the sector, facilitating task groups for specific activities and creating member EDI communities to gather wider input.

The forum’s membership includes representatives from waste businesses, stakeholder groups (such as the Environmental Services Association and EU Skills), CIWM members and staff, and a CIWM trustee. Its first output is a Sector Inclusion Forum Charter.

In addition to forming the Sector Inclusion Forum and ring-fencing funding, CIWM has made significant progress on the actions set out in its EDI strategy, including:

• Producing an EDI glossary to assist CIWM staff, members, and the wider sector in understanding EDI concepts and terminology

• Creating an EDI e-learning course to help shift mindsets through practical tips and techniques

• Developing a CIWM EDI Code

of Conduct to establish consistent attitudes and behaviours across stakeholders

• Reviewing flexible working and wellbeing policies within CIWM to create a workplace that acknowledges and accommodates different lifestyles.

Expanding the circle

In a landmark move this year, CIWM significantly expanded its scope and international influence through the strategic acquisition of the Circular Economy Institute and by assuming leadership of the globally renowned Circular Economy Club (CEC). This brings Circular Economy Institute and CEC into the CIWM Group, creating a powerful alliance dedicated to advancing sustainable resource management and the principles of circularity worldwide.

This strategic integration fosters immense synergistic value for our members and stakeholders. While

The forum is chaired by Dr Tracey Leghorn, chief business services officer at Suez Recycling and Recovery UK. It will serve as an advisory body, guiding deliverables such as a new code of conduct. The aim is to drive positive change by

“In a landmark move this year, CIWM significantly expanded its scope and international influence by acquiring the Circular Economy Institute and Club”

New director to strengthen policy and influence

In a significant enhancement to our leadership team, CIWM appointed Dan Cooke as Director of Policy, Communications and External Affairs, commencing September 2024. This newly established role is pivotal in amplifying CIWM’s influence and reinforcing our position as the sector’s leading voice.

Cooke brings three decades of invaluable sector experience, including 21 years with Pennon Group and his recent term as CIWM President (2023-2024). His responsibilities include leading policy engagement,

managing stakeholder relations, overseeing communications, and crucially, championing the membership’s perspective on key issues like resource efficiency and the circular economy.

As CEO Sarah Poulter noted, Cooke’s appointment significantly boosts our capability during a period of rapid evolution for the resources and waste sector. “His expertise will be vital in navigating upcoming policy changes and highlighting the sector’s contribution to environmental goals and economic vibrancy,” she said.

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Your CIWM

CIWM, Circular Economy Institute and CEC will maintain operational autonomy, members across all three organisations now benefit from enhanced access to worldclass thought-leadership, increased opportunities for international collaboration, and broader sharing of knowledge, best practices and innovative ideas. The formation of this group more than doubles our collective membership base, establishing a significantly larger global community with the scale and resources required to drive meaningful and lasting change towards a more circular future.

With more than 10,000 members, Circular Economy Institute, founded by circular economy pioneer Anna Tarí, is highly regarded for its professional training programmes, certification schemes, and expert workshops delivered across more than 30 countries to organisations such as the UN One Planet Network and Harvard School of Design. CEC, also established by Tarí, operates as a vibrant, freeto-join network connecting more than 7,000 professionals – from business, government, finance and academia – through 280-plus local clubs in 140 countries.

CIWM’s CEO, Sarah Poulter, said of the acquisition: ‘The creation of this group will facilitate the

“We are proud to equip the people of the resources and waste industry with the skills they need to power the UK economy”

growth of a powerful and respected global community with the scale and resources required to drive meaningful and lasting change. We look forward to supporting Circular Economy Institute in its mission to promote the highest standards of practice in the circular economy field, and in building the strong international leadership needed to shift from linear to circular practices.

Waste management regulations in Northern Ireland require operators to join and comply with an approved scheme, such as the CIWM (WAMITAB) Operator Competence Scheme. Up until now, operators in Northern Ireland have taken the same test as those in England and Wales, but CIWM has worked with the Northern Ireland Environment Agency to produce a territoryspecific Continuing Competency assessment that takes account of regional variations.

‘We are also extremely excited by the opportunity to grow the CEC community and cement its position as the primary platform for ambitious professionals committed to a circular future.’

We also designed a dedicated training programme for NHS waste managers that will help them develop and maintain the crucial skills they need to handle waste safely and sustainably. The NHS in England has committed to being a net-zero carbon healthcare provider by 2040, and sees the proper handling of waste as a part of this strategy.

Training and qualifications

Education and training have long been at the heart of CIWM’s activities. We are proud to equip the people of the resources and waste industry with the skills they need to power the UK economy.

The programme includes a year of CIWM Affiliate-grade membership, which can be upgraded to a Technical membership once the course has been completed. Towards the end of the year,

In 2024, we launched many new training courses across a variety of subjects and levels. A good example is our new Continuing Competence test for Northern Ireland.

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Graduation day at Veolia’s
Operational Excellence
programme
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15 CIWM Review of 2024

Your CIWM

“The provision of brand, marketing and communications expertise will help innovators to better tell their stories and continue to raise their profile”

Innovators Fund paid out its first awards, which are intended to accelerate the growth of highpotential small and micro businesses in the resources and waste sector.

Veolia proudly celebrated the

third graduation of its Operational Excellence programme, co-accredited by CIWM and the Chartered Management Institute. The course is designed to equip sector managers with critical attributes needed for a sustainable future, with professionals honing their skills in:

Six organisations received tailored marketing, communications and brand development support from Barley Communications, whose experienced brand designers, mediarelations specialists and social-media experts can help small and medium enterprises to grow.

• Sustainability

• Waste management

• Finance

• Health and safety

• Advanced leadership capabilities. Feedback from Veolia is positive, citing increased knowledge, confidence and morale among its staff.

The awards, worth £10,000 each, have been given to:

• Loom, which is developing software to support the upcycling and redesign of clothing

Winners of innovation funding This year, CIWM’s Circular Economy

• Maconda Solutions, an enabler for the circular built environment

• MarinaTex, a versatile material made from seaweed and seafood waste that is being developed as an alternative to single-use plastic

• The Little Loop, a circular marketplace for new and pre-loved children’s clothing

• Velorim, which collects and recycles bicycle tyres, inner tubes and Li-ion batteries

• WEEE Scotland, which is helping to address the challenges of redundant electrical equipment through repair, refurbishment, and remanufacture.

Richard Hudson, CIWM’s technical manager, described the awards as the foundation on which the circular economy will be built. ‘We are confident that the provision of brand, marketing and communications expertise will help these innovators to better tell their stories, continue to raise their profile, and leverage the potential to scale up their operations,’ he said.

Remembering John Ferguson

CIWM fondly remembers John McCallum Ferguson OBE FCIWM (13 October 1927 – 5 June 2024), a true ‘gentleman of waste’ who died aged 96. Universally regarded as a pleasure to converse with, John was perpetually interested in others’ work, keen to understand the details, and deeply supportive of the next generation entering the sector.

His distinguished career in engineering began after military service with the Royal Engineers (during which he became a captain by the age of 21) and completing his degree in 1951. Achieving Chartered Engineer status (Institution of Civil Engineers, ICE) in 1965, he joined the newly formed Greater London Council (GLC) in 1966. At the GLC, he progressed through key roles in public health engineering – including significant projects such as the

Edmonton incinerator – eventually becoming general manager of the waste management branch (1982-85). After the GLC’s dissolution, he was appointed director of the new London Waste Regulation Authority, serving from 1986 until his retirement in 1996.

John’s commitment to CIWM was profound. Joining as a Fellow in

1982 and later appointed a Life Member, he served as CIWM President (1990-91), London & Southern Counties Centre chair (1987-89) and councillor (until 2019), and later as president of the International Solid Waste Association (1998-2000). He also held Fellowships with ICE and the Chartered Institution of Water and Environmental Management, and Membership of IMechE.

A lifelong learner with diverse passions, John pursued art (completing an MA in fine art influenced by waste materials), poetry (especially Robbie Burns), cooking and yoga. An inspiration and a supportive colleague who mentored many, John leaves an enduring legacy. CIWM extends sincere condolences to his family, friends, and associates.

16 CIWM Review of 2024

Regional round-up

CIWM’s members are its lifeblood. Our volunteers organise events ranging from site visits and technical talks to formal dinners and fundraisers. Here’s a selection from 2024

CIWM’s 10 regional centres have had a great year, organising and attending local events and online webinars, and contributing to our core activities. The volunteers who make our regional centres possible are vital to our organisation. They see how industry and government activity affects those who work in our sector, which is invaluable experience for our policy work.

A big thanks to all of you who organise events across the UK and Ireland – your efforts are truly appreciated.

Scotland Centre

North of the border, CIWM’s Scotland Centre organised five centre council meetings and three members council drop-in meetings this year, plus regular get-togethers with industry bodies, including the Scottish government, Scottish Environment Protection Agency, Zero Waste Scotland, Scottish Environmental Services Association and the Resource Management Association Scotland. Members also enjoyed Professional Development Network (PDN) site visits and a combined inperson AGM and spring seminar.

The Scotland Centre was also an organising partner for the Scottish Resource conference.

In addition, members raised £2,000 for WasteAid at a Christmas lunch held at Glasgow University Union. Before lunch, a CPD session was held, featuring a presentation from Early Careers President Charlotte Davis and contributions from new-to-industry members and students.

North West Centre

In the North West of England, CIWM volunteers coincided their AGM with a visit to the Suez Renew Hub in Manchester – a joint event with attendees from LARAC. The event covered the implications of the Emissions Trading Scheme, food-waste policy and wastecontractor perspectives. Delegates were challenged on how artificial intelligence could help local authorities prepare for change, and CIWM President Dan Cooke gave an update. Other speakers included: Paul Morgan (Greater Manchester Combined Authority) Stuart Hayward-Higham (Suez), Jo Oliver (LARAC) and Nick Fellows (Voom).

London and Southern Counties Centre

The London and Southern Counties Centre is one of the largest CIWM centres, covering regions from Buckinghamshire to the Isle of Wight and Oxford to Kent – plus Greater London, of course.

In 2024, it organised site visits to: Re3’s materials recycling facility (MRF) in Reading; ReFood’s anaerobic digester (AD) in Dagenham; Walbrook Wharf waste transfer station in the City of London; and Veolia’s MRF in Southwark. There was also a healthy number of open meetings and webinars during the year, exploring topics from plastic pollution and carbon capture to construction materials management and health and safety.

The London and Southern Counties Centre also supported its members with Chartership ‘bootcamps’, mentoring, and professional development network activities.

South West Centre

The South West Centre’s focus has been on curating a range of events that provides the most value and

17 CIWM Review of 2024

Regional round-up

interest to its members. Each event had a different team working on it, benefiting from the skills and ideas of both CIWM Centre councillors and a member representative. Highlights included:

• The Southwest Centre AGM, which featured a valuable update on changing government policy from CIWM director of innovation and technical services, Lee Marshall.

• A hybrid event with the UK Environmental Law Association at the University of Exeter, featuring talks on topics from waste crime and ‘end of waste’ to the legalities of the circular economy

• Practical Implications of Upcoming Policy Changes – an event focusing on the latest policy changes in waste strategy and resource use, with investigation of how wastemanagement professionals can make the most of the ‘regulatory evolution’.

The centre also organised site visits, including to Lush Green Hub in Poole, and Bath and North East Somerset Council’s recycling hub in Keynsham.

The feedback it has had on its events has been ‘fantastic’, the centre said, which bodes well for the year ahead.

Top to bottom: CIWM members networking around the country

Wales Centre

The CIWM Wales Centre had a busy year, putting together five consultation responses for CIWM Cymru, including on:

• NRW charges 2024-25

• Lower rate of landfill disposals tax

• Towards a universal culture of repair and re-use in Wales

• Three new and two amended standard rules permits

• Implementing the Infrastructure (Wales) Act 2024.

Members of the centre also gave evidence to a session of the Welsh government Climate Change Environment and Infrastructure Committee, called Beyond Recycling.

In addition, the Wales Centre organised a full timetable of events, including a site visit to the Royal Mint in Pontyclun and two technical and event dinners – plus CIWM’s everpopular Resources Cymru conference in Cardiff.

It also produced a useful and informative podcast, Circular success; unpacking Wales’ vision.

East Anglian Centre

Members of the East Anglian Centre organised meetings and events, including visits to Palm Paper in King’s Lynn and the Canal & River Trust in Milton Keynes. Centre councillors also met at RWM, at the NEC in Birmingham.

In addition, it held its AGM at

Johnsons of Old Hurst Zoo in Huntingdon, and enjoyed a tour of Envar’s Cambridgeshire in-vessel composting facility.

Midlands Centre

The Midlands Centre held six meetings of its council – five virtually and one in-person. It also delivered five technical meetings and site visits, including:

• Energy in the Midlands – the future (emissions trading, carbon capture and new developments)

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Regional round-up

Elections saw new and returning Centre Council members appointed. The centre also co-sponsored awards recognising excellence in waste and resource management research, demonstrating CIWM ROI’s commitment to professional development and sector leadership.

North East Centre

The North East Centre organised some informative site visits during 2024. In May, members attended a tour of the Sherbourne Recycling site in the West Midlands – a state-of-the-art MRF that provides processing for the kerbside collections of its partner councils.

Republic of Ireland Centre

• The known unknowns – joint LARAC/CIWM local authority event and site visit

The CIWM Republic of Ireland Centre held its 2024 AGM at the Rediscovery Centre in Dublin, featuring presentations on Ireland’s Circular Material Use Rate and a tour of the national circular economy hub. Members engaged in national consultations, submitted to the Climate Action Plan 2024, and hosted multiple site visits and webinars.

• Trip to Atherstone AD plant

• Introduction to landfill – PDN event and site visit, Poplars site

• Battery recycling – visit to LiBatt in Wolverhampton.

Members of the centre also attended a Circular Economy Club meeting in Birmingham, held a drop-in session for members, and provided a speaker for a Whitespace Midlands event.

Membership remains steady at 118, with strong representation on national waste and sustainability groups.

“Our members attended a tour of the Sherbourne Recycling site in the West Midlands, – a state-of-the-art MRF that provides processing for the kerbside collections of its partner councils”

In June, members toured one of the UK’s leading electrical recycling facilities, GAP Gateshead, which comprises WEEE recycling, a renew hub, vape processing and plastics recycling and in October, the centre organised a street-cleansing event, hosted by Wybone at its Barnsley site. Papers were presented on a variety of subjects and then a traditional lunch of pie, peas and gravy was enjoyed. Delegates were also given a live demonstration of how AI can detect littering from vehicles.

The year ended with another popular and oversubscribed event; a general meeting followed by a Christmas dinner. This is always a fantastic networking event for the centre and a must-attend event in the calendar with excellent support from sponsors and members.

Another impactful year

As we reflect on another impactful year, I want to extend my heartfelt thanks to all our CIWM volunteers and staff. Your dedication, expertise, and generosity of time have driven meaningful progress in our shared mission. Whether through contributing to consultations, delivering high-quality events, supporting our members, or championing innovation, your

efforts are the foundation of our success. Together, we’re shaping a more sustainable future and strengthening our professional community. Thank you for everything you do.

We are, as always, working toward a world beyond waste.

Sarah Poulter, CEO of CIWM

19 CIWM Review of 2024

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 2024

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Trustees’ report and consolidated financial statements

Trustees’ report for the year ended 31 December 2024

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 2024, and up to the date of signature of the financial statements, except where indicated, were:

A Willetts FCIWM

D Cooke FCIWM

T Walker FCIWM CEnv

Immediate Past President until 20.06.24 then General Councillor from 20.06.24

President (in post until 20.06.24), Immediate Past President (in post from 20.06.24 until 01.07.24)

Vice President (in post until 20.06.24), President (in post from 20.06.24)

T Nicoll FCIWM

J Kutner FCA CTA FCIWM D Greenfield FCIWM CEnv

Honorary Treasurer

Junior Vice President (in post until 20.06.24), Vice President (in post from 20.06.24)

W Hubbard FCIWM

L Parkes FCIWM A Read FCIWM CEnv M Gover FCIWM D Simpson FCIWM V Hughes FCIWM Junior Vice President (in post from 20.06.24)

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Trustees’ report and consolidated financial statements

Trustees’ report (continued)

Key Management Personnel

S Poulter Chief Executive Officer

K Cockburn Senior Director of Policy and Education A Havard Director of Governance and Strategic Projects L Marshall FCIWM Director of Innovation and Technical Services D Cooke FCIWM

Director of Policy, Communications and External Affairs (in post from 02.09.24)

P Sloggett Marketing Director (in post until 05.02.24) H Tovey 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

RBC Brewin Dolphin 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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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 2024.

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 2011. The Charity Commission have issued guidance concerning the sort of charitable activity that might fall within each of the charitable purposes defined by the Act including examples of the type of charity that might carry out appropriate activities.

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

• the advancement of education;

• the advancement of environmental protection or improvement; and

• the advancement of health.

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

Objectives, Aims and Intended Impact

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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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:

• advance the scientific, technical and practical aspects of resources and wastes management for the benefit of the environment;

• promote high standards of practice, competence and conduct across the sector;

• promote the importance of independently recognised professional competence;

• raise awareness and understanding of resource and waste issues amongst all sectors of society both within the United Kingdom and internationally;

• promote and award qualifications and learning that underpin high standards of education, practice and competence across the sectors it serves;

• develop and support systems for the assessment and award of apprenticeships;

• advise environmental regulators on skills and qualifications in support of technical competence;

• influence the development of policy for new education frameworks and qualifications; and

• research, devise and develop qualifications and learning products to support skills and learning requirements in relevant adjacent industry sectors of the UK and overseas.

In setting the CIWM Group’s objectives and in planning the Group’s activities the General Council have given careful consideration to the Charity Commission’s general guidance on public benefit and to its supplementary public benefit guidance on fee-charging.

The General Council confirms that Trustees have complied with the duty in Section 17 of the Charities Act 2011, to have due regard to the Charity Commission’s general guidance on public benefit, including the guidance “Public benefit: running a charity (PB2)”.

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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:

• influence policy and regulatory developments affecting the resources and waste management sector in the UK and Ireland;

• influence the sustainable performance of other industry sectors and of society generally; and

• help to show the sector in an accurate and positive light in the media and in direct communications.

Work in these areas includes;

• working closely with representatives of government departments and agencies to inform and influence policy and regulatory developments in England, Ireland, Northern Ireland, Scotland and Wales and in the UK as a whole;

• working with partners to inform and influence policy and regulatory developments in the EU and more widely;

• supporting government at central, devolved and local levels, their agencies and other organisations in the delivery of projects with relevant outcomes including the improvement of environmental quality; waste reduction; the establishment of improved reporting and monitoring methodologies and systems; and relevant qualifications and skills solutions; and

• working in collaboration with relevant partners to establish, promote and deliver technical research, relevant training and educational resources, and professional competence schemes and learning for the industry.

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.

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Trustees’ report (continued)

Volunteers (continued )

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 £291,475 (2023: £108,183). The budget for the year had been set to show a small surplus and the actual result shows an improvement over budget of around £250,000 the largest part of which was a reduction in salary costs mainly due to delays which occurred in filling vacancies. The staff levels are now at their projected level and the Trustees have again forecasted a small surplus for 2025.

In January 2025 the CIWM completed the acquisition of the Circular Economy Institute Limited at a total cost including professional fees of £234,550. This acquisition was in line with the strategic policy of CIWM and resulted in this full amount being shown as Goodwill, which will be written off over a ten-year period. Circular Economy Institute Limited started trading on 9 January 2024 and closed the financial year ended 31 December 2024 with a loss of £26,351.

During 2024 CIWM approved a budget of £500,000 over a two-year period for a digital transformation project to modernise the website and update its digital image and processes .

Commitments for expenditure on awards to projects approved by Trustees under the Reserves Policy amounted to £94,320 (2023: £301,457). Further details of projects approved are set out below and in note 15 to the Financial Statements.

There were realised and unrealised gains on investments of £273,175 (2023: £300,130). 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 2024 with a profit before Gift Aid of £87,648; the comparative for 2023 was a profit of £94,745.

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 £470,330 (2023: £106,856) which resulted in an increase in Total Funds from £6,685,377 at the end of 2023 to £7,155,707 at the end of 2024.

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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 2024 were £7,131,134 (2023: £6,660,804).

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

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

• forecasts for levels of income for the current and future years, taking into account the reliability of each source of income and the prospects for developing new income sources;

• forecasts for expenditure for the current and future years on the basis of planned activity;

• • analysis of any future specific financing needs, for example to maintain and replace tangible and intangible fixed assets

Based on this detailed review, Trustees have concluded that reserves at a value of approximately £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 £4,681k.

In 2021 the Trustees decided that they would utilise part of these reserves each year and allocate amounts to specific projects in furtherance of their objectives. The objective at that time was to allocate around one million pounds over a three-year period and then review the outcomes. During the years 2021 to 2023, as has been reported, a total amount of £965,203 has been approved for projects and the Trustees have been satisfied that these projects have all run successfully. In 2024 the Trustees reviewed their reserves policy and in light of the expenditure on the acquisition of the Circular Economy Institute, and the proposed expenditure of the Digital Transformation project, the decision was made to put further policies on hold whilst they considered how best to use reserves to benefit their membership and further their strategic objectives. In light of this, no new projects were approved during 2024.

An amount of £94,320 (2023: £301,457) 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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Trustees’ report (continued)

Investment performance against objectives

CIWM’s investment portfolios have been managed throughout the year by RBC 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 £129,683 (2023: £123,509) which was reinvested. The investment portfolios recorded unrealised gains for the year which total £266,674 (2023: £297,465). Disposals of investments made during 2024 from the two portfolios resulted in realised gains of £6,501 (2023: £2,665).

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:

• formal agendas and detailed minutes for all Committee and Board activity;

• detailed terms of reference for all Committees, Boards etc;

• formal external training on roles and responsibilities for all Trustees and senior staff;

• annual review of all risks by both the Trustees and the Audit & Risk Committee and quarterly monitoring of these risks by the Trustees;

• comprehensive strategic planning, budgeting and management accounting;

• established organisational structure and lines of reporting with clear authorisation and approval levels; and

• regular monitoring and review of Disaster Recovery Plan and Business Continuity Plan

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

The Audit and Risk Committee reviews 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. During 2024 the General Council reviewed its risk approach and will be implementing this throughout 2025.

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Trustees’ report (continued)

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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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 12,000 Circular Economy professionals and organisations around the world. At the end of 2024, the CIWM General Council approved the 2025 business plan, which outlines growth plans linked to the introduction of professional standards for professionals in all spheres who are keen to demonstrate their commitment and expertise in circular economy principles and practices. Paid membership, learning and development and events products underpin the business plan, as does engagement with key sector partners, circular economy club leads and other professional bodies.

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.

• The Royal Charter has not been changed since 2010 and must be approved by Full Members at an Extraordinary General Meeting (EGM) and then requires approval of the Crown.

• Changes to Bye-Laws must be approved by Full Members at an Extraordinary General Meeting (EGM), and then must be approved by the Privy Council.

• Changes to Regulations must be approved by Full Members at an Extraordinary General Meeting (EGM).

• Changes to Practice Directions can be made by General Council.

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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Trustees’ report (continued)

Appointment and election of General Council members

The General Councillors of CIWM, the registered charity, are its trustees for the purposes of charity law and throughout this report are collectively referred to as the General Council or Council members. The General Council consists of:

• (a) The Honorary Officers – President, Senior Vice-President, Junior Vice-President, Immediate Past-President, & Honorary Treasurer.

• (b) Seven General Councillors who have been selected based on skills

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

Induction and Training of General Councillors

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

We 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

During 2024 CIWM had the following active subsidiaries: CIWM Enterprises Limited, a separate organisation which arranges non primary purpose activities for CIWM, Circular Economy Institute Limited, and Circular Economy Club, C.I.C, a Community Interest Company .

During 2024 CIWM had the following dormant subsidiaries: CIWM International Limited, Waste Smart Limited, Resource Smart Limited, Institute of Wastes Management, WAMITAB Limited, The Waste Management Industry Training and Advisory Board Limited and Circular Economy Industry Training & Qualifications Limited.

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

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

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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 16 July 2025.

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

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

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

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

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the charity will continue its activities.

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

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

By order of the General Council

a

J Kutner

Honorary Treasurer 500 Pavilion Drive Northampton NN4 7YJ 11 June 2025

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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 2024, which comprise the Group Statement of Financial Activities, the Group and Parent Charity Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the group’s and the parent charity’s affairs as at 31 December 2024 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 (as amended) and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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Trustees’ report and consolidated financial statements

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

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

We have nothing to report in this regard.

Matters on which we are required to report by exception

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

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

• the parent charity has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent charity’s financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 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.

35 CIWM Review of 2024

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:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group and parent charity’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and parent charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or parent charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit report.

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

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our 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.

36 CIWM Review of 2024

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:

• We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant are the Charities and Trustee Investment (Scotland) Act 2005 (as amended), regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council

• We obtained an understanding of how the charity complies with these requirements by discussions with management and those charged with governance.

• We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

• We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

• Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

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

37 CIWM Review of 2024

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.

Khoo

17 June 2025

Jonathan Aikens (Senior Statutory Auditor)

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

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

38 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management

Consolidated statement of financial activities for year ended 31 December 2024

		Unrestricted funds	Unrestricted funds
	Note	General	Designated	Endowment	Total funds	Total funds
		Funds	Funds	Funds
					2024	2023
Income		£	£	£	£	£
Income from charitable activities:
Membership subscriptions		715,152	-	-	715,152	701,689
Affiliated Organisation income		349,387			349,387	366,002
Regional centre income		81,912	-	-	81,912	48,194
Charitable trading income		1,202,450	-	-	1,202,450	1,210,226
Income from provision of qualifications		1,549,518	-	-	1,549,518	1,482,303
Income from trading activity:
Commercial trading operations		333,724	-	-	333,724	305,452
Income from investments:
Investment income	8	129,683	-	-	129,683	123,509
Interest receivable		40,182	-	-	40,182	34,551
Other income		46,260	-	-	46,260	43,239
Total income		4,448,268	-	-	4,448,268	4,315,165
Expenditure
Expenditure on raising funds
Investment management		(32,773)	-	-	(32,773)	(30,227)
Commercial trading operations		(213,040)	-	-	(213,040)	(200,433)
Charitable activities:
Charitable trading expenditure		(430,459)	-	-	(430,459)	(509,722)
Provision of qualifications		(328,544)	-	-	(328,544)	(331,173)
Staff costs	7	(2,143,720)	-	-	(2,143,720)	(2,288,026)
Regional centre expenses		(67,512)	-	-	(67,512)	(46,927)
Committee directed costs	6	(96,343)	-	-	(96,343)	(80,000)
Committee running costs		(13,889)	-	-	(13,889)	(10,117)
Premises costs, postage, stationery,		(572,870)	-	-	(572,870)	(483,877)
communications, marketing
Travel and accommodation		(40,483)	-	-	(40,483)	(40,305)
Insurances and other Professional fees		(134,672)	-	-	(134,672)	(107,964)
Amortisation		(37,287)	-	-	(37,287)	(15,283)
Depreciation		(9,276)	-	-	(9,276)	(24,087)
Financing costs		(35,925)			(35,925)	(38,841)
Grants for Projects	15	-	(94,320)		(94,320)	(301,457)
Total expenditure		(4,156,793)	(94,320)	-	(4,251,113)	(4,508,439)
Net income/ (expenditure)		291,475	(94,320)	-	197,155	(193,274)
Net gains/ (losses) on investment assets		273,175	-	-	273,175	300,130
Net income/ (expenditure)		564,650	(94,320)	-	470,330	106,856
Transfers between funds	15	-	-	-	-	-
Net movement in funds	5	564,650	(94,320)	-	470,330	106,856
Total funds brought forward	15	6,428,448	232,356	24,573	6,685,377	6,578,521
Total funds carried forward	15	6,993,098	138,036	24,573	7,155,707	6,685,377

The Charity has no recognised gains or losses for the year (2023: £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 2023 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.

39 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Consolidated balance sheet as at 31 December 2024

	Note		2024		2023
		£	£ £	£	£ £
Fixed assets
Intangible assets	10		305,513		30,728
Tangible assets	10		6,434		11,557
Investments	11		5,932,261		5,567,918
			6,244,208		5,610,203
Current assets
Debtors	12	619,487	619,487	748,053	748,053
Cash at bank and on deposit		1,435,381	1,435,381	1,631,555	1,631,555
		2,054,868	2,054,868	2,379,608	2,379,608
Creditors:amounts falling due within one year	13	(991,677)		(1,091,003)
Net current assets			1,063,191		1,288,605
Total assets less current liabilities			7,307,399		6,898,808
Creditors:amounts falling due after more than	13		(151,692)		(213,431)
one year
Net assets			7,155,707		6,685,377
Endowment funds
Permanent	15		24,573		24,573
Restricted funds	15		-		-
Unrestricted funds
Designated funds	15		138,036		232,356
General funds	15		6,993,098		6,428,448
Total funds	15		7,155,707		6,685,377

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

These financial statements were approved by the General Council on 11 June 2025 and were signed on its behalf by:

T Walker President

J Kutner

Honorary Treasurer

40 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Charity balance sheet as at 31 December 2024

	Note	2024	2024	2023	2023
		£	£	£	£
Fixed assets
Intangible assets	10		305,513		30,728
Tangible assets	10		6,434		11,557
Investments	11		5,932,469		5,568,125
			6,244,416		5,610,410
Current assets
Debtors	12	650,484		751,597
Cash at bank and on deposit		1,282,144		1,465,026
		1,932,628		2,216,623
Creditors:amounts falling due within one year	13	(971,657)		(1,063,685)
Net current assets			960,971		1,152,938
Total assets less current liabilities			7,205,387		6,763,348
Creditors:amounts falling due after more than	13		(151,692)		(213,431)
one year
Net assets			7,053,695		6,549,917
Endowment funds
Permanent	15		24,573		24,573
Restricted funds	15		-		-
Unrestricted funds
Designated funds	15		138,036		232,356
General funds	15		6,891,086		6,292,988
Total funds	15		7,053,695		6,549,917

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

These financial statements were approved by the General Council on 11 June 2025 and were signed on its behalf by:

T Walker President

J Kutner

Honorary Treasurer

41 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Consolidated Statement of Cash Flows for the year ended 31 December 2024

	2024	2023
	£	£
Cash flow/(outflow) from operating activities
Net cash (used in)/ provided by operating activities	41,357	(173,879)
	═══════	═══════
Cash flows from investing activities
Interest, dividends and other investment income received	169,865	158,060
Proceeds from sale of fixed assets	-	-
Proceeds from disposal of fixed asset investments
excluding endowment funds	1,371,807	905,793
Acquisition of fixed asset investments excluding
endowment funds	(1,472,481)	(1,033,205)
(Additions)/disposals to investments in current assets	-	-
Payments to acquire tangible and intangible fixed assets	(316,225)	(17,157)
	────────	────────
	(247,034)	13,491
	═══════	═══════
Net increase in cash and cash equivalents	(205,677)	(160,388)
Cash and cash equivalents at beginning of year	1,769,972	1,930,360
	───────	────────
Cash and cash equivalents at end of year	1,564,295	1,769,972
	═══════	═══════
Cash and cash equivalents at end of year comprise
Cash at bank and on deposit	1,435,381	1,631,555
Cash held within the investment portfolio	128,914	138,417
	───────	────────
Cash and cash equivalents at end of year	1,564,295	1,769,972
	═══════	═══════

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

	2024	2023
	£	£
Net income/(expenditure) including endowments	470,330	106,856
Adjustments for:
Amortisation/Depreciation charges	46,563	39,370
Loss on disposal of fixed assets	-	-
Net (gains)/ losses on investments	(273,175)	(300,130)
Investment income	(169,865)	(158,060)
Decrease/ (increase) in debtors	128,566	2,256
Increase/ (decrease) in creditors	(161,062)	135,829
	───────	───────
Net cash (used in)/ provided by operating activities	41,357	(173,879)
	═══════	═══════

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

42 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

1 Accounting policies

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

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.

43 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

• 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), Circular Economy Institute 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 Industry Training & Qualifications 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 subsidiaries, CIWM Enterprises Limited and Circular Economy Institute 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.

44 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

• 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.

45 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management

Notes to the Financial Statements for the year ended 31 December 2024

• 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. Rentals payable under operating leases are charged to the Statement of Financial Activities on a straightline 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 Fixtures and fittings

• 33[1] /3% on cost - 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 Goodwill - 10% 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.

46 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

• 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 and Circular Economy Institute 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.

47 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

• 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.

48 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

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:

• a) The company makes an estimate of the recoverable value of trade and other debtors based on the ageing profile of debtors and historical experience.

• b) The annual amortisation charge and impairment review of intangible assets is sensitive to changes in the estimated lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates.

• c) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates.

Key sources of estimation uncertainty

For the years ended 31 December 2024 and 2023 the Trustees consider that there were no key sources of estimation uncertainty.

49 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

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 2024 is shown below.

Charitable Activities Expenditure on raising funds £ £ Governance – see below 138,149 3,390 Finance & IT 316,091 21,838 HR & General Administration 14,850 - 469,090 25,228	Other £ - 8,885 - 8,885	Total allocated 2024 Basis £ 141,539 Staff time and actual costs incurred 346,814 Staff time and usage 14,850 Actual costs incurred 503,203

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

50 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

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	2024 £ 11,983 25,500 28,290 75,766 141,539	2023 £ 9,435 23,650 9,532 73,089 115,706

5 Movement in net funds for the year

5 Movement in net funds for the year
	**2024 **	2023
	£	£
Movement in net funds is stated after charging:
Auditors’ remuneration:
Audit fees - group	25,500	23,650
- charity	25,500	23,650
Non audit fees - group	3,140	735
Amortisation of intangible fixed assets	37,287	15,283
Depreciation of tangible fixed assets	9,276	24,087
Operating lease payments	76,015	76,011

51 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

6 Payments to General Council members

No Trustees received emoluments during the period (2023: £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	2024 £ 4,025 3,457 6	2023 £ 3,550 3,550 8

7 Staff numbers and costs

The average number of persons employed by the group during the year was 35 (2023: 40) and the average number of full-time equivalent employees (including casual and parttime staff) during the period was as follows:

Charitable activities Support	2024 Number 31 3 34	2023 Number 34 4
		38

The aggregate payroll costs of these persons were as follows:

	2024	2023
	£	£
Wages and salaries	1,601,318	1,752,786
Social security costs	176,889	192,022
Pension contributions to defined contribution pension schemes	129,963	142,310
Termination payments	27,350	20,494
	1,935,520	2,107,612

52 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

7 Staff numbers and costs ( continued )

All employees are eligible to join CIWM’s health insurance schemes and premiums paid in respect of those who have opted for membership was: 2024 £9,902 (2023: £11,600) . CIWM also provides all employees with insurance cover for Death in Service and Permanent Health Insurance cover – premiums paid: 2024 £26,882 (2023: £ 26,583 ).

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, Director of Policy, Communications & External Affairs (from 02.09.24), Marketing Director (until 02.02.24), and Commercial & Membership Director (until 02.02.24). Total pay & benefits received by key management personnel was £574,581 (2023: £638,475).

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.

£60,001 - £70,000 £70,001 - £80,000 £80,001 - £90,000 £90,001 - £100,000 £100,001 - £110,000 £110,001 - £120,000 £120,001 - £130,000 £130,001 - £140,000 £140,001 - £150,000 £150,001 - £160,000 £160,001 –£170,000	2024 No 1 4 - 1 - - - - - - 1	2023 No 1 4 - - - - - - - - 1

Pension contributions relating to employees earning more than £60,000 amounted to £40,804 (2023: £45,781).

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

8 Income from fixed asset investments

Income from fixed asset investments: Listed and common investment funds	2024 £ 129,683	2023 £ 123,509

53 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

9 Indemnity insurance

The CIWM Group operates trustees’ and officers’ liability insurance cover at a total cost of £3,360 ( 2023: £3,360 )

10 Intangible and Tangible Fixed Assets

Group

Group
	Intangible			Tangible
	Fixed Assets			Fixed Assets
				Fixtures &
	Computer	Goodwill	Intangible	Fittings/Office
	Software		Total	Equipment
	£	£	£	£
Cost
At 1 January 2024	296,213	-	296,213	222,814
Additions	77,522	234,550	312,072	4,153
Disposals	-	-	-	(35,002)
At 31 December 2024	373,735	234,550	608,285	191,965
Amortisation/Depreciation
At 1 January 2024	265,485	-	265,485	211,257
Charge for year	13,832	23,455	37,287	9,276
Disposals	-	-	-	(35,002)
At 31 December 2024	279,317	23,455	302,772	185,531
Net book value
At 31 December 2024	94,418	211,095	305,513	6,434
At 31 December 2023	30,728	-	30,728	11,557

The net book value at 31 December 2024 represents fixed assets used for:

	Fixtures &
	Fittings/Office	Computer
	Equipment	Software	Goodwill	Total
	£	£	£	£
Headquarters	6,434	94,418	211,095	311,947

54 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

10 Intangible and Tangible Fixed Assets ( continued )

Charity
	Intangible			Tangible
	Fixed Assets			Fixed Assets
				Fixtures &
	Computer	Goodwill	Intangible	Fittings/Office
	Software		Total	Equipment
	£	£	£	£
Cost
At 1 January 2024	296,213	-	296,213	222,814
Additions	77,522	234,550	312,072	4,153
Disposals	-	-	-	(35,002)
At 31 December 2024	373,735	234,550	608,285	191,965
Amortisation/Depreciation
At 1 January 2024	265,485	-	265,485	211,257
Charge for year	13,832	23,455	37,287	9,276
Disposals	-	-	-	(35,002)
At 31 December 2024	279,317	23,455	302,772	185,531
Net book value
At 31 December 2024	94,418	211,095	305,513	6,434
At 31 December 2023	30,728	-	30,728	11,557

The net book value at 31 December 2024 represents fixed assets used for:

	Fixtures &
	Fittings/Office	Computer
	Equipment	Software	Goodwill	Total
	£	£	£	£
Headquarters	6,434	94,418	211,095	311,947

55 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

11 Fixed asset investments

11 Fixed asset investments
Listed investmentsat market value Cash held within the investment portfolio Investment in unlisted securities Group undertakings Listed investments: Market value at 1 January 2024 Additions at cost Sales proceeds Net gain/ (loss) Market value at 31 December 2024 Historical cost at 31 December 2024	Group 2024 £ 5,803,050 128,914 297 - 5,932,261 Group 2024 £ 5,429,204 1,472,481 (1,371,807) 273,172 5,803,050 5,200,094	Group 2023 £ 5,429,204 138,417 297 - 5,567,918 Group 2023 £ 5,001,662 1,033,205 (905,793) 300,130 5,429,204 4,861,760	Charity 2024 £ 5,803,050 128,914 297 208 5,932,469 Charity 2024 £ 5,429,204 1,472,481 (1,371,807) 273,172 5,803,050 5,200,094	Charity 2023 £ 5,429,204 138,417 297 207 5,568,125 Charity 2023 £ 5,001,662 1,033,205 (905,793) 300,130 5,429,204 4,861,760

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

Listed investments (excluding cash held on deposit within the portfolio)	2024 2023 £ £ 5,803,050 5,429,204

No individual investment included in the portfolio is considered significant.

56 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

11 Fixed asset investments ( continued )

Unlisted investment

Value at 1 January 2024 Provision Impairment Value at 31 December 2024	2024 2023 £ £ 297 297 - - - - 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 Industry Training & Qualifications Limited Circular Economy Institute Limited	Group 2024 £ - - - - - - - -	Group 2023 £ Charity 2024 £ Charity 2023 £ - 2 2 - 100 100 - 2 2 - - 2 1 2 1 - 1 - - 100 100 - 208 207

57 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

11 Fixed asset investments ( continued )

The subsidiaries of CIWM at 31 December 2024 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	Training	100%
	(15232864)
Circular Economy Club, C.I.C.	England and Wales	Membership	-
(Company limited by guarantee)	(11540466)
Circular Economy Industry Training	England and Wales	Dormant	100%
& Qualifications Limited	(15413972)

The issued share capital of CIWM Enterprises Limited is £2, divided into 2 ordinary shares of £1 each and shareholders’ funds at 31 December 2024 totalled £128,365 (2023: £135,462). The company had a surplus of £87,648 before Gift Aid in 2024 (2023 surplus: 94,745) . Turnover in 2024 was £306,789 (2023: £305,452).

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 started trading on 9 January 2024 and had a deficit of £26,251 in 2024. Turnover in 2024 was £26,935.

Circular Economy Industry Training & Qualifications Limited was incorporated on 15 January 2024. The issued share capital is 1 ordinary share of £1. The company remained dormant throughout 2024.

58 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

12 Debtors Trade debtors Amounts owed by subsidiary undertakings Other debtors and taxation Prepayments and accrued income	Group 2024 £ 339,425 - 9,774 270,288 619,487	Group Charity Charity 2023 2024 2023 £ £ £ 431,176 330,939 428,245 - 44,520 4,980 9,256 9,063 10,792 307,621 265,962 307,580 748,053 650,484 751,597

13 Creditors: amounts falling due within one year

Trade creditors Amounts owed to subsidiary undertaking Other creditors Other taxation and social security Accruals Deferred income Grant Commitment	Group Group Charity Charity 2024 2023 2024 2023 £ £ £ £ 67,863 71,448 67,231 73,007 - - 106 205 99,683 78,581 66,293 46,785 39,601 80,036 62,174 84,778 229,355 267,279 223,167 265,874 487,686 496,706 485,197 496,083 67,489 96,953 67,489 96,953 991,677 1,091,003 971,657 1,063,685

Creditors: amounts falling due after more than one year

Grant Commitment- WEERT Project Grant Commitment- WasteAid Project	Group 2024 £ 151,692 - 151,692	Group Charity Charity 2023 2024 2023 £ £ £ 198,418 151,692 198,418 15,013 - 15,013 213,431 151,692 213,431

59 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

14 Deferred income

At beginning of the year Movement in the year At end of the year	Group 2024 £ 496,706 (9,020) 487,686	Group Charity Charity 2023 2024 2023 £ £ £ 462,637 496,083 459,491 34,069 (10,886) 36,592 496,706 485,197 496,083

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

15 Statement of funds

Group – for the year ended 31 December 2024

	1 January			Investment		31 December
	2024	Income	Expenditure	Gain/(Losses	Transfers	2024
				)s
	£	£	£	£	£	£
General funds:	6,428,448	4,448,268	(4,156,793)	273,175	-	6,993,098
Designated funds:
Projects- EDI Strategy	163,606	-	(25,570)	-	-	138,036
Projects- CE Innovators	68,750	-	(68,750)	-	-	-
Total unrestricted funds	6,660,804	4,448,268	(4,251,113)	273,175	-	7,131,134
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	6,685,377	4,448,268	(4,251,113)	273,175	-	7,155,707

60 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

15 Statement of funds ( continued )

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”.

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 – 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	6,578,521	4,315,165	(4,508,439)	300,130	-	6,685,377

In February 2023 CIWM transferred £20,000 to the Designated Fund to fund a project ‘BatteriesTowards 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 fasttrack brand communications, marketing and design packages to SMEs delivering innovative services contributing towards a more circular economy.

61 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

15 Statement of funds (continued)

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.

Charity – for the year ended 31 December 2024

	1 January	1 January			Investment		31 December
		2024	Income	Expenditure	(Losses)/	Transfers	2024
					Gains
		£	£	£	£	£	£
General funds:	6,292,988		4,221,290	(3,896,367)	273,175	-	6,891,086
Projects- EDI Strategy		163,606	-	(25,570)	-	-	138,036
Projects- CE Innovators		68,750	-	(68,750)	-	-	-
Total unrestricted funds	6,525,344		4,221,290	(3,990,687)	273,175	-	7,029,122
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	6,549,917		4,221,290	(3,990,687)	273,175	-	7,053,695

62 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

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

63 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

16 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

64 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

17 Analysis of group net assets between funds

17 Analysis of group net assets between funds
	Unrestricted	Endowment
	Funds	& Restricted	Total
		funds
	£	£	£
Fund balances at 31 December 2024 are represented by:
Tangible and intangible fixed assets	311,947	-	311,947
Investments	5,907,688	24,573	5,932,261
Current assets	2,054,868	-	2,054,868
Creditors falling due within one year	(991,677)	-	(991,677)
Creditors falling due in more than one year	(151,692)	-	(151,692)
Total net assets	7,131,134	24,573	7,155,707
	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	6,660,084	24,573	6,685,377

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 2024 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 2024 £ 12,957 16,197 - 29,154	Group Charity Charity 2023 2024 2023 £ £ £ 59,840 12,957 59,840 29,154 16,197 29,154 - - - 88,994 29,154 88,994

65 CIWM Review of 2024

Trustees’ report and consolidated financial statements

Chartered Institution of Wastes Management Notes to the Financial Statements for the year ended 31 December 2024

18 Commitments (continued)

On 6 December 2024 CIWM signed a contract with Queen Elizabeth II Centre in London for hire of the venue in November 2026 for the ISWA World Congress event. The expected total commitment is £209,000, and the liability at 31 December 2024 is a 10% cancellation charge of £20,900. This liability has been included within other creditors and prepayments.

19 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.

20 Taxation

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

66 CIWM Review of 2024