**RECYCLING OLLERTON AND BOUGHTON** ANNUAL REPORT **2022-2023** RECYCLING OLLERTON AND BOUGHTON **PAGE | 02** **CONTENTS PAGE Management committee members 22/23** _**p3**_ **Organisation Status** _**p3**_ **Chairman's Report** _**p4**_ **Carer's Report** _**p6**_ **CEO's Report** _**p7**_ **Annual Accounts** _**p10**_ RECYCLING OLLERTON AND BOUGHTON **PAGE | 03** ## **MANAGEMENT COMMITTEE MEMBERS 22/23** ## **Officers** Chairperson Richard Whall Treasurer Matt James Company Secretary Lynn Pike CEO Neil Pike ## **Trustees** Elizabeth Phillips Neil Pike Richard Hartburn Joanna James Matt James Richard Whall Andy Statham Stephanie French ## **Organisation Status** Registered Charity No. 1096735 A Company Limited by Guarantee Reg. in England & Wales No. 04551116 RECYCLING OLLERTON AND BOUGHTON **PAGE | 4** ## **CHAIRMAN'S REPORT** The year to 31 March 2023 for Recycling Ollerton and Boughton (ROB) resulted in a deficit of £10,593 which could easily be viewed as a disappointing year. However, the global, national and local challenges that impacted on ROB were such that the year should be considered a credible achievement where major challenges and risks have been met head on. ·The back end of Covid was well managed by Neil and the team with robust testing to the extent that although the effect of Covid was significant, the charity was able to keep functioning while staff and students were kept safe. ·The Ukrainian war and subsequent 10% plus inflation significantly effecting fuel, electricity and heating was the major factor leading to the annual deficit. Although there were welcome contributions from the County Council’s Care Services Sustainability Fund, donations and a well-managed 16% rise in income, these did not off-set the rise in costs. ·The Board agreed strategy of steady incremental growth was maintained despite the years · challenges with student numbers increasing over 7% and moving above 100 days per week to 105.5 days. This was accompanied by ROB’s first apprentice, purchase of a 6th truck and allowing staff to work more flexibly as they approach retirement. · ROB has continued to work on the Charity Commission’s Financial Procedures recommendations and has prudently invested necessary long-term reserves to beat inflation. ·Although this has been a difficult year for everyone, I am pleased we have been able to make an interim wage award to offset some of the pressures of inflation and want to thank the staff for their support during the year. ·ROB received its first County Council Audit in recent years during December 22 which gave some useful steer to best practice. The audit also further built the reputation and contacts with the primary funding body for the charity, so was ultimately a net positive experience for ROB. RECYCLING OLLERTON AND BOUGHTON ## **PAGE | 5** •The greatest threat which may yet to be the best opportunity to ROB, has been Newark and Sherwood’s plan to provide a glass recycling scheme across the whole district. While this might be an environmental vote winner, the decision to provide a less frequent service, in the fifth of the district which ROB already covers with an excellent service, may not be in everybody’s best interest. Although this issue is far from being resolved and to date has resulted in 700 new customers for ROB, care and tenacity will be required to ensure ROB is not damaged and a positive outcome results. • Further governance improvements have been made with a set timetable of board agenda items to cover risk, budget, financial controls, capital, people structure etc. These processes and above charities commission guidelines have further enhanced ROB’s decision making policies. • I would like to give my thanks to the stable board for their time and for providing open and constructive support. I also want to thank trustees for attending monthly staff meetings ensuring they are well connected with everyday ROB. I would like to take this opportunity to remember Mike Philips former trustee and chair of ROB who sadly passed away earlier this year. • Future plans - The year ahead will doubtless provide many new challenges, not least ensuring a good outcome from N&SDC glass recycling scheme. However, as ROB looks ahead to its 25th anniversary in late 2024 the organisation is well positioned to continue to support the best interests of those with learning difficulties whom we serve and also the best for the local community. Richard Whall Chairman. RECYCLING OLLERTON AND BOUGHTON **PAGE | 6** ## **PARENT’S REPORT** Our daughter Emily, who has autism and a learning disability, began working at ROB just over a year ago when, after living in the States for the past thirteen years, we relocated back to the U.K. During our time in the States, Emily’s life was pretty sheltered due to a variety of factors: we lived in a rural area, she didn’t have any siblings, there were no peers of her age nearby, and she was homeschooled from the age of ten following a severe brain injury. So her experience of friendships, working as part of a team, loyalty, pride etc was quite limited. This meant that Emily was lonely, with poor self esteem, and hating that she was different and didn’t have anywhere to fit in and feel like she belonged. We despaired so much for what her future might look like. ## And then we found ROB! We knew right away during that first introductory tour that this was going to be the perfect fit for Emily. Not only is it the ideal work environment for her - she’s always been passionate about recycling - but we could sense then and there, without any hesitation or qualms, that these were people we could entrust her to. Fast forward to today, and we see a transformed daughter. Emily loves and values and is so very proud of her job, even on the days when she might not be at her best and the staff are having to be extra patient with her. She is learning both life and work skills, becoming more independent, and discovering her purpose and sense of self worth. And she is forging friendships and developing a social life - something she never knew before. Witnessing her ongoing growth and fulfillment fills us with such gratitude that she has a place at ROB. As parents of a special needs child, it exceeds what we could have ever imagined or hoped for for her. Thank you so much Neil, Theresa, and the entire ROB team of staff and students. RECYCLING OLLERTON AND BOUGHTON **PAGE | 7** ## **CEO'S REPORT** The year 22-23 began with huge uncertainty created by Russia’s invasion of Ukraine. On the operational front, all things were going very much as planned but financially there were huge uncertainties as energy prices rocketed.By the middle of the year, diesel, used in our 6 vehicles, had risen by 33% and electricity was spiraling. By the end of the year inflation was running at over 10% and was being reflected in our expenditure. This kind of unforeseen world event affecting our little corner of Ollerton, as we are still coming to terms with life after a pandemic, certainly sharpens the mind when considering longevity and financial reserves. Fortunately, the County Council’s Care Services Sustainability Fund became open to situations threatened by the inflationary crisis with grants totaling £13,000. Further donations from several friends of the charity as well as Lifespring Church and Edwinstowe Lions brought in a further £2,050, which was put into our student fund for day trips etc. A sponsored walk and family picnic in August not only raised funds to buy a Defibrillator and to make donations ourselves to Cancer Research UK and McMillan Cancer Care; it proved a fantastic opportunity to spend an afternoon in Sherwood Pines enjoying one another’s company. The Panto trip in December, which saw our students attending along with our staff and their families, was again a very popular success, as was the ever-present Christmas Party. Covid was certainly still an issue throughout the year, seeing a total of 70 staff working days lost through either specific cases or our insistence that if somebody is living in your household with Covid, then you shouldn’t be at work.Hindsight tells us that we may have been over the top, but better safe than sorry. As the effects of the virus became less debilitating and national reactions eased, we too relaxed our protocols, albeit at a considerably slower pace. RECYCLING OLLERTON AND BOUGHTON **PAGE | 8** On the student front, we saw 5 new students join us. 3 straight from school and 2 who had not previously accessed support services.One of these school leavers was initially wrongly assessed as ‘ineligible for services’, due to a lackluster assessment which didn’t account for an inaccurate picture being painted by his mum who also has needs. After continued pressure by ourselves and his schoolteacher, a more complete assessment was done and his place at ROB is now so obvious and natural. He now attends two days per week. Sadly, this isn’t an isolated incident of Social Services seeking to minimize costs. In April ’22 we had several taster days with an autistic young man who wasn’t accessing any services. Social Services assigned a Personal Independence Worker who ensured that he was able to travel independently etc. Unfortunately, being able to travel safely doesn’t replace having a meaningful activity.It has taken a further 15 months for this young man to bounce around the system and eventually get back to us. In order to strengthen our position going forward, we’ve improved our visibility by attending ‘Moving-On’ events and arranging visits for two SEN schools where we had no previous contact. If these relationships bring just 1 or 2 new students to us in the next few years, then they’ll be worthwhile. 2 students have left us during the year, 1 to live in another part of the country and the other to advance his journey in life. He has used the skills picked up at ROB to secure himself a volunteering opportunity and will soon be moving into his own flat. His parents are full of praise for the experiences and support that he has got from ROB. Our overall student numbers rose from 98.5 to 105.5 days per week throughout the year, which is slightly over the increase anticipated in our 5-year Business Plan.This increase has had the effect of increasing our staff numbers by 3, one of which is our first apprentice. We also considered and approved reduction in hours requests from two people who are approaching retirement and one who has childcare responsibilities during school holidays. On the operational front, our recycling collections have performed well, seeing a 16% rise in income, some through an increase in tonnage collected and some through a higher value being achieved. The recycling activities that are our mainstay have been reviewed to ensure that we have a workable balance between our need to maintain income and our need to ensure that we’re not putting unnecessary pressure on our teams. In the autumn of 2022, we began conversations with Newark and District Council regarding their intention to deliver a glass recycling scheme across the whole district. Historically, as they had no facility in place for glass recycling apart from collection points in village car parks, the district has supported us by pointing people within our area in our direction. Now that they intend to provide this service, they feel it has to be offered to all households within the district without exception. This comes as a very definite climate change to us, and we are certainly seeing it as a threat. In response we need to RECYCLING OLLERTON AND BOUGHTON **PAGE | 9** up our game. Our initial estimation was that we had a participation rate within our area of approximately 40% of households (4,400 homes). We need to build on this. We began a concerted effort to leaflet drop every household within our area that doesn’t currently participate in our collection scheme. The reaction to this campaign was very good and as the financial year came to a close several hundred new customers had come on board. A County Council Audit in December ’22 produced a very good result and gave us confidence in the way we support the people in our care. A few things required tweaking, and measures were put in place to improve our systems immediately. One such remedy was the introduction of an Online Training Platform for all staff. Something that demonstrates that we’re no longer a small local charity. The financial position at the end of the year wasn’t what we’d anticipated, but we’ve ridden out another storm and are confident going forward. Neil Pike CEO **RECYCLING OLLERTON AND BOUGHTON (a company limited by guarantee)** ## STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2023 |**Unrestricted Restricted**
**Funds Funds**
**£ £**
**INCOME FROM:**
Donations and legacies 535 3,679
Investments 574,073 -
Charitable Activities 99 -
Other Income
-

-

**TOTAL INCOME**
**574,707**

**3,679**

**EXPENDITUE ON:**
Charitable activites
586,585

2,394
**TOTAL EXPENDITURE**
**586,585**
**2,394**
**NET INCOME/(EXPENDITURE) (11,878) 1,285**
Transfer between funds
250

(250)
**NET MOVEMENT IN FUNDS**
**(11,628)**
**1,035**
**RECONCILIATION Of FUNDS:**
Total funds brought forward 155,932 -
Net movement in funds
(11,628)
1,035
**TOTAL FUNDS AT 31 MARCH 2023**
**144,304**
**1,035**
|



|**2023**
**£**
4.214
99
574,073
-

**578,386**

588,979
**588,979**
**(10,593)**
-

**(10,593)**
155,932
(10,593)
**145,339**|**2022**
**£**
-
5
480,638
1,840
**482,843**
472,843
**472,843**
**9,640**
-
**9,640**
146,292
9,640
**155,932**| |---|---|---|---| ||||| ||||| ||
||| **RECYCLING OLLERTON AND BOUGHTON (a company limited by guarantee)** ## BALANCE SHEET ## AS AT 31 MARCH 2023 |

**FIXED ASSETS**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand

**Creditors: Amounts falling due**
**within one year**
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
Unrestrictd funds
**Total funds**|
**£**

**41,230**
**101,896**
**143,126**

**(53,543)**



|**2023**
**£**
**55,756**



**89,583**
**145,339**
**1,035**
**144,304**
**145,339**|
£

48,085
80,846

128,931

(33,357)



|2022
£
62,358
93,574
155,932
-
155,932
155,592| |---|---|---|---|---| Registergd number: 04551116 Charity numb•r: 1096735 RECYCLING OLLERTON AND BOUGHTON {a company Ilmfted by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 RECYCLING OLLERTON AND BOUGHTON {• C*)mpany Ilmlt•d by guaran1••) CONTENTS Rofor•nc• and •dministrallv• d•lail4 of th• ￿MPanY, Its Irust••s and •dvls•rs Chalmian'• stat•m•nl Tru•l•••' r•pgrt Ind•p•ndgnt •x•mln•rf• r•port 10 8tal•m•nt of fln•n¢l41 actlvltl•• 11 Balan¢• ih••t 12 Stat•mont of ca•h Ilows 13 Not•# to th• flnan¢ial 8tsl•m•nts 14-28 RECYCUNG OLLERTON AND BOUGHTON {• company limlt•d by guaran1••) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trust••8 R D Whall. Chair N Pike. CNef ExecuiNe E Philllps. Vke Chay J M James, Treasur RW Hartbum MPJJame8 S French A J Statham Comp*ny r•gl•t•r•d numb•r 04551116 Ch411ty r•9l8t•red numb•r 1096735 R•gl•t•r•d offl¢• 183 Boughlon Industrid Estate Boughlon Newark Nollinghamshire NG22 9LD Company s•cr•tary L Plke Chl•f •x•cutlve offl¢•r N Plk8 Ac¢ount•nt Jonathan Witson Chartered AcCounL￿I Cp)mwell House 68 Wesl Gate Mansfield Nottinghamshlrè NG18 IRR Bankorn u0j￿$ Bank PLC 1-3 Churth Street Mansfidd Nottinghamshir• NG18 1AF Page 1 RECYCLING OLLERTON AND BOUGHTON (a company Ilmltod by guar*ntsg1 CHAIRPIAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 Tho chalnnan presents hls staiamgnt for the yoar. The yeor to 31 March 2023 for Re￿lIng Ollerton and Bought￿7 IROBI rosutt￿ in a defi￿1 01 £10.593 which could oaslly be viewed as a dlsappoinling year. H¢)wever, the gl¢)bal. national and local chall8nges that Impacted on ROB were such thal the year should be considered a credible achievement where major chall•nges and risks havtr been mel head on. The back end of Covid wa5 well managed by Neil and th• team wilh robust t85ling to Ihe oxlenl that although the effect of Covid wa$ stgnlllcanl. the chaiity was able lo keep functioning while staff and students w&re kgpl safo. The Ukrainlan war and subs8quenl 10% plus Inflat[c￿ SIgr)ff￿nttY effectlng fu81, eloclricity and hgating was the major factor ￿adIng lo the annual d8ficiL Although ihere were welcome conth'butions from th8 County Council's Care Serwc88 Sv¥lalnablllty FurKI, (effoclivo 1 Jarnary 2015) 88 amond8d by Updale Bulletin 2 leffecliv8 January 2019). Since the company qu81ifies as small under section 382 of the Companies kl 2W6, the stratègic report rgqulrgd of medium and large compani¥s under the Companies Act 2006 Istralegic Roport and Directors. Rèport) Rogulalion$ 2013 has bean omitted. ObJ•ctlv•• and •ctlvltl•s a. Volunt••r• ROB rgGognlg0s that volunteer workars make a very slgnlficanl oontrlbut6on to Iho WO￿ and $8ryi¢e obledfvés of the prolecl. b. M•ln a¢tlvftlg• und•rt•k•n to furth•r th• comyn*• purpoMJ for th• publlc bgn•fit In Its charllablè aclfvili•$ arKI oblgdives, th8 tharlty is fooLwd en benefftiryd thos8 ￿ are with Leaming Difflcullhs. The prol•¢l currently has 10S.S referral day6 for people ￿1th Leaming Dmlculties b￿n9 att•ndèd 90th week, an Incr•830 of 7 days per week on the previous >par. The Irustsès confimi that they hove refeThed lo the guidance contain&d In th8 Charity Commission's gengral guldanco on public benefit whon reVIe%￿ng ROB'S {ReGydkng Ollerton and 8oughtonl akn8 and objectives and In plannlng future acllwties. Here are Some of the ways we meel tho rnquiremnl of publk benefft.. volunteer￿.. RO8 has paid members of Slaff are greally aided by a group of volunteers. The charity enables people to grow In life skills and provides a slepptng off poinl into the workj of work. Social events- We had some celebrations at Christmas Induding our 8nnual Christmas paty vrith eva￿ in attendani* as well 08 a very well supported trip to watch the panlomHn8 al New8rk Theatre. Trainir@'. PartlcSpating in troining encourages staff and 51udenls lo develop Iheir skills and to ￿rth'nue to exercise thelr competence. to enloy respecl arKI est8•m, arKI lo maintain or establish supportwe and caring relationships. Page 4 RECYCLING OLLERTON AND BOUGHTON (• company limh•d by guarnnt•o) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 ObJ•dlv•• and a￿1VIt￿8 {contlnu•d) Recyding.. 10,500 households have the cplion to lake up our fre6, fortnighty, glass collection and rgwdlng 88Nlce. We also offèr a cost effectfv8 cardboard and papgr reGycling soluti)n to almost 100 busines58S. c. Actlvtl•8 und•rtak•n to a¢hl•v• thos• objoctfvès The year 22-23 began with huge uncertalnty created by Russia's invasion of Ukr8kn8. On tho opbratKK)al front. an things were going very much as p￿nn￿d but flnanually there w8ro huge UncertaIn￿88 as energy prfc&s rocketed. By the rnidd￿ of thè yBar. diesel, used in our 6 vehld•s, had risen by 33% and declrfcrty was 5plralling. By the end of Ihe year infialh)n w85 runnirvJ al ovèr 10% 8nd was bèing reflected in our trxpendilure. This kind of unfor8se8n world ev8rt affts¢ting our litlle comer of Ollerton. as we 8ro still coming to terms with lifo alt8f a p8ndernlc. certalnly sharpens mind wh8n consmlgring kjngevtty and financtal ro$erves. Fortunately, the County CounrAI's Care Sarvices Sustain8bilty Fund open lo siluatk*n$ tlweotenod by tha Inffialionary crfsls with grants lotalllng £13.182. Furthfjr th)na16ons from sevoral friènds ol the charty as wo189 Llfosprfno Church and Edwinstowe Llons brought in a further £2.050, whlch was put into our student fvnd for day trps etc. A Sponsored wolk and family picnlc In August not only ralsod lund3 to buy a D8fibrillalor and to make donaUon$ oursefves lo Concer Resgorch UK and Ma¢Millan Cancer ca￿., it proved a fanlastic ¢)ppcrtunity lo spend an afterrtr)on In Sherwood Pine¥ gnloong ong anolherfs company. The Panto trip In Dec*mber. whlch saw our students attending along wllh our staff and Ihglr fBmlllgS, W8s again a very popular success. as was Ihe evor-presenl Chrfslmas Paty. COVID was ¢9rt8inly still anlgsue Ihroughout thè ￿ar, seeing a total of 70 staff working day$10g1 through either specrfic cas9$ or our insl$len¢e thal rf somebody is livirtg In your househdd with COVIO. then you should not al Wofk. Hindsight tells us that we may have been ovei the top. bul better safe than sory. As tho effgcts ol the rus became le8s debili¢ating and naiw)nal T￿￿onS eased. we too relaxed ¢)ur protorA)18, alb811 al a considerably Slowar pac0. On ts Student fronl. wo saw S new 8tudents u8. 3 stralgm from school and 2 had not prevlou$ly acc&s$od support servlces. One ol these school leavers was Inttiglly WTongly assessed as 'ineliglble for services,, due to a lackluster ass¥ssmenl which dKI not gccounl lor an Inaccufata picture being painted by his mum who also has needs. After continued pressure by oursefves aTrJ his sthoolteacher, a complelo assessment was don9 and his place al ROB is now so obvious and natural. H¥ now attends h¥0 days per week. Sadly, this is not an l$olated incident of Social SeNces seeking lo minimtz• costs. In Aw"Fl 22 we had several taster days wtth an autisli¢ young man who was Th)t accessing any sèrvices. Social S•rvws asslgned a Personal Independence Worker who ensured that hg was able to travel Independenty élc. Unfortunalety, being able to travel safely does not replace hawng a meanlngful activity. 11 has tsken 8 further 15 monihs for this yDung man lo bounce around the 8yBlem and gvenludly get back to us. In order lo slrangthen our position going foThvard. we h8ve improvod our visibillty by attending 'MOvi￿on' events and arranging visits for SEN schools wherè we had no previous contacl. If thes& relat￿nShIpS brts)g jUBt l or 2 new Stud￿ts ¢0 u8 in th8 rnxl few J*ars. then thgy will bè wcvthwhné. 2 students have loft u$ during th8 year,1 to Ifvo In anothor part of th9 county and trh8 olh8r to advance his loumey in lrfe. He has used the s￿lIS picked up at ROB io sKure himsew a voluntooring opportunity and will strjn moving into his own flat. His parents are full of prais* for the expenences and supparl that he ha$ gol from ROB. Our overall slLrdent nUm￿rn rose from 98.5 to 105.5 days per week Ihroughout Ihe year. which ts sllghlty over the Increase ontlcipated in our &year Business Plan. This increase ha5 had the effect of in¢reaslng our slaff numbers by 3, one of whith is our fir51 apprentice. W& also consldered and aFproved reduction in hours Page 5 RECYCUNG OLLERTON AND BOUGHTOM {) com￿nY Ilmii•d by guarnnt••) TRUSTEES. REPORT ICONTINUEDI FOR ThE YEAR ENDED 31 MARCH 2023 ObJ•ctlY•• and actMtl•s (contlnufjdl quests from peoFde who am approathing reliremenl ar4J one ￿ has thildcare responsibilities dur(ng school holidays. On the operatlonal front. our recsr41rrfJ eollectW8 have perfom)•d wo11. Booing a 16% rlso In Incom9. some through an Inc¥ease In tonnag8 ¢oltècted and some Ihrough a hlghor Val￿ bging achiev￿. Tha r8¢ycling activities that are our mainslay hav8 bgon revlthvod to ensure that ￿ havg a workable balance belwegn our neod to malnlain in¢crt* and our naod to ensure that we'ro not puttlng unnece88ary pressure on our teams. In the autumn of 2022. we beg8n conversations Newark and Sh•rwood Dh￿cl Councll regarding IheSr intention to d8liver a glass reorllng scheme auos3 thè whole district. Hlstoricalty, as they had no faclllty In plac8 for glass Tecycling apart from ¢rAleclion polnts in vllage car Pa￿3, the district has supported us by wnling people within our area in our diroctK>n. Now Ihat they intend lo prov•Je this s0rv￿o, thèy feel it has to be offered lo all kJuséhold8 Imlhin the distrid withoul exception. Thls o)mes as a very definits dimale change to us. and wo 8re ¢ert8inly saoing il a8 a threat. In response we need to up our game. Our initial estimation was that we had o participation rote ￿thIft OLsr area of approxlmately 40% of hous8holds14,400 homes). We neod lo build on th18. W8 b&gan a concerted effort io leaflel drop every hous6Md within our area that do8sn'l ¢Uffenlly parts'clpate In our colloctlon sch8m8. Thg readon lo this ¢ampalgn was very good and as the f￿￿nd81 y8ar camg to 8 c108è 8wèral huntlrod rknv Gu$lomer8 had comg on board. A County Counell Audit in Decemb8r 22 produced 8 v8ry good result and gavo Lè$ confidence In thè way we support the people ￿ our care. A lew thSngs requlred tsv¥aking, arKI moa$uits were put in placo to improvg our S￿leMS immediately. One such remgdy was the 1ntrDd￿￿0n of an Onl1r￿ Tr8lning F4alform for all $18ff. Som•lhln9 that demonslr8les that we are no lon9er a Small local chorfty. The flnancl81 po$iYon al thè ènd of Iho year wasn'l wh8t we'd anlbcipatad. bul we've ridden out anolhor stomi and are confKknnl g(Mng forward. A¢hl•v•m•nt• and perlomwnc• . R•vl•w of •ttl¥ftl How the company achleves ils obj'eclives 18 d•t•dod bgknw. Tho charity to fulfil its thQrftab￿ objectives of fol￿VIng adults wllh18amlng difftullkns ty. Cxlering 8Uitable wryk placements Provldlng appropriate tralnlng Ensuring a safe end healthy environmant Taknng on new students, SLippxting thom thfouth their inductKJn and thelr transition from ￿m9 to ROB and from childhood to adulthood. Constantly supporting students by various means: li8tenirwJ. ha￿n9 appropriate conversations. Sho￿￿9 empathy and glvlng considered InsIn￿tionS By lialslng with stLKlgnts' families and carers Expandkng buslness waste recycling servic*s b. Fundralslng a¢tlvltl•$ •nd Incorne g•n•ratitin The chadty does not raise frjnds dlredy from tho publiG Page 6 RECYCLING OLLERTON AND BOUGHTON (a company Ilmtted by guarant••) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnjnclwl revlow a. Golng cone•rn After making apwowlale enqulrtes. the trustws havè a reasonabla èxpeclation that th8 company has adoqu816 Tg$oufG05 to contlnuo In opèrational existonce for Ihe foreseeable future. For this rgason, thèy continue lo adopt the going concern b86Ls In preparing the finandal statemonts. Fut1her detalls fegarding the adoption of th8 going cfftcorn basis can bo found In thg accoun11￿ b. R¢••r¥o* pollcy The Trustees alm lo maintaln free reseNes In unrestricted funds at a levd •4u8ting lo approximately six months, unrostrlcled charita￿e oxpendlturè. The Trustees con5kler Ihls I￿¢1 lo be pnjdent and suir￿lent lo meet the needs of the Ch8rity as they arise. Th9 Trustees are happy the Progress that has b8&n mad¢ In achievlng this and plan to ￿tinue at a similar pece for the lorese0a￿e future. The rasorve a¢¢ounl held £38K al the year end. thg current account holdlng £44K. Although wo operate 2 accounts. the reseNè acctsunl offors no additional Inlère81 Rale bonollts over the currnnt oGcounl. The Trusloes declded to 8V4ilch £20K of Ihg re8orye inio a hlghor Inler•$l account with Klngdom 8ank. ¢. Prlnclpal rlskl *nd un¢•rtalntl l ri$k$ are identified ond mlllg8ted on our 'Rlsk R8gisle¢ whth is revlewed 6 monthty. Principle risks are.. 'exc•ptional increas8s lo Inflabon Cause businogs Th¥)do1 lo falterf. mil￿ated by increasing charges lo busln8sse$ and lo Nottlnghamshire County Councl and 'R8¢¢gnising the hoavy roliance on ono or two Income slr&ams', this Ss mklgal6d by ensuring Ihal we arè delNeriNJ Ihe quality and type of s8rvicg that Is wanted by both the Sgrvlco Users and by the Cwnty Council by regulafly See￿n9 their fèedback and continue lo devdop a robust ,￿pOlIne. of avenuel from where ROB can be 8c¢ewd. d. Flnanclal rfsk manag•m•nt obl•ctlv•s and pollcl•s The chadty admlnisters all financlal fflatte￿ ¥Ath Its finandal procedures documént wh￿h Is revlewèd annually. . Fund• The net defidt was £10,593 for thè year. compared to a nel 8urplu$ of £9.640 lagt year. The lotal net assets were £145K. Total incomè w85 £578,386 of that £457K was from Day OPpothnrt￿ Provisionrrransport. Totsl expenses were £588,979. of that £415K vas wag98. Stru¢tur•. gov•manc& and manag•m•nt Constitution Recyrling Ollerton and Boughton is registered as a tharitable company limited by guaranlee and was set up by Memorandum of Association 19 Febvuary 2003. The artiC￿S of association were amended by special resolulbn on 21 September2016. The company is e4JllStituted undw a memorandum of association daled 19 February 2003 and 13 a ragJ"st$￿d Pagè 7 RECYCUNG OLLERTON AND BOUGHTON la company Ilmlt•d by guarantee TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Strnctur•, gov•man¢• and manag•m•nt {¢ontlnuedl charity number 1096735. b. hl•thods of apptsSntm•nt or •h¢tlon ol trusl Th6 rnawemonl of tho company is tho reSp)nsI￿lty of th8 tru5teos vA)o arn electod and c(poptod under tho terms ofthe Momorandum of Assodatlon. The articles of associatlon provides for a mlnknum of 4 and a maximum of 12 trustees. vtho ar• th8 management commllloe mèmbers. Whefa thorn is requirement for trusl•es. these woukl ￿ idenlifitd and supported by r•maining trustees. c. Organl•atlon•l 8tructur• and d￿ls1on￿m*klng poll¢h• The 9ovgrning W ol the company18 th• board of trust￿8. MgeYng8.' The TN8tsès mèt 6 limes durlng the yoar wtth all meollngs Chalrod by Richard Whall. All me•lng8 Wetè held pernon and minutes were taken by Lynn Pike. the Company SO￿01ary untll aftgr the July mee16ng when J8nin8 Flolcher took over the mlnula takn'ng. Richard Whall, th• Chalr holds montNy m8•tings vAth the CEO Neil Plke ￿*re strategy and presslng mall8rs are d1￿￿8$$d. CEO holds dalty Mgnagement meelkngs wilh Senhx Stsff and brfNJ$ Tggular reports to the Board accordingly. The Trustee8 eonilnue Ihe undèrtaking lo ensurn that on8 of t￿rn attend¥ the Monthly Staff Mgolng8 hèld by CEO, Neil Plke. Member¥hlp'. Over Ihe yew. the mak•wUP of the Board hgs remainod constanL d. Pollch• adopt•d for th• IndU￿10n and tr•lnlng of tru•t••Js The ¢hair of trust8¢s 1$ responslble for the induction of any n&w Irusto¢$. This involv8s awareness of tNslee responsibillties, the governlng dLxumenl, administratwe procedures, the history and philo￿phical approach of the organisation. A new Irust8e would recebve a eopy of the P￿VI￿j$ Jffjarfs financial statements tog8th&r a copy of th8 Chwfty Commissron Th Essential Trusteo.. What You N*J to Knov/. •. Pay polly for k•y Mana￿Ment p•rsonnel Managgment Team Thg CEO will make proposals to the Chair of the Board of Trustees for eath Individual manager with considerats'on of 811 th6 forementioned and the following: These wll need to be agreed on by the Board of Trusl¥•s. Indiwdual perfomiance Paye 8 RECYCLING OLLERTON AND BOUGHTON {a comp•ny Ilmlted by guarant••) TrUSTEES' REPORT (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2023 Sthietur•, govornanc• and managom•nt l¢ontlnu•d) Market value CEO The CEO an¢J Chair of the B08rd of Truste0$ will have a conversation as part of the CEO Appr8isal proc•88. The Chair of Tru816es wlll make a proposal to the CEO and agwmenl will be rèached prior lo the presentation to the 8oard of Trustees for approval. Th8 eA)nversation and offer will è• in ¢ons*Jeration of all of the above and thg followlng: Over811 company perf0m￿nCe Adher￿￿8 lo Misslon and Vlsion Aii9nm8nl to ACEVO guklancg re.. markol valuo. Perfomianc8 ogalnsl pi8vi¢JUS ￿r8 obi8th0s as 8•t oui in appraisal. t. R•l4t•d party r•lallon•hlp• The charlty has no relat*K￿IPS wAlh olher parbes. g. Rl•k man•g•m•nt The trust898 have a$8essed the major risks to which I￿ o)mpany 1$ •xpo8ed. In particular those related lo the rallons and finances of the company. and are satisfied thal systèms and prcwiure5 aro In place lo mlugale exposure lo the major risks. The wmpany has adopted thè Oicies of inlemal ¢onlrol¥ recommended In the Charity Commission's bookl8t CCS"Intornal Financlal Controls for Ch8rrtle#" wherever pos$ibl8. and has addrèssed tha polènlial risks outllnad thgrgln. h. Tru•t•••' Ind•mnftl•s The Truslees are covered by a Management L￿4￿71ty Pollty prowded by Thls Pdicy has £5.¢)00,c Trustees, Liabiliiy cover and £5,000,000 Chariligs Liabillty ￿ver. Plans frtrr futur• p•rfod• The charitys future plans arg covwed in a 5 Year Business Pl￿ was wrsiten in 2021 and is dug lo bè reviewod In earty 2024. Approved by or(fer membè of board aNI on thair behalf by.. tru8ts8s on R D Whall (Chalr of Trustees) Page 9 RECYCLING OLLERTON AND BOUGHTON (a company Ilmlt•d by guarnnto•) INDEPENDENT EXAMINER'S REPORT FOR The YEAR ENDED 31 MARCH 2023 Ind•p•ndent •xamln•rfs r•port to tho trust••s of R•¢y¢llng Oll•rton •nd Boughton fth• company'> I r8POrt to th8 charity tntslee5 on my gxamination of Ihe account$ of the compary for the ypar ènded 31 March 2023. R•spon$lbllltl•s and ba•1• of r•port As the trustees of Ihe company land its directors for the pufpos•s of wmpany law) you ar• rgsponslble for the preparalon ol the accounts in accordance V*ilh the requirements of the Companies Acl 2006 Clho 2006 Act'i. Havlng 88ti$fl8d my$8N thal Ihe accounts of the company arn not required to be audlled ur￿er Part 16 of th 20C6 Act and arè ellgible for ind•pendenl examlnallon. I rw in respecl of my examinabon of the companls accounts cathed out undor sectlon 145 of th8 Charilios Act 2011 flhe 2011 AcV}. In carrying out my oxamination I have followed tho DlrK15ons gfven by tho Charlty Commls81on under 6octk)n 1451Sllbl of tho 2011 A￿. Ind•p•nd•nl •xamln•rfJ •t•¢•m•nt I have compl•led my examination. I confim that rK) matters ha￿ corn? lo my attention in connèdon tho axamination giving mo Cause to bdi•ve.' accounting records were not kèpt In roSPgCt of the company as required by 386 of tho 2006 Acl,. or the acGounts do not accord ￿ thoso rncords.. or the accKJunts do not Comply with Iho accountlng requlremenls of $8don 396 of the 2006 Act other than any rgquliemenl that the accounts gfve a 'true and fairf vi6w Is Th)1 a mattèr considered as part ol an Independent 8xaminaVon,' or the account8 have not beon preparnd In accordance wlth Ihè methods and prfnclpl•s of th* Statement ol Recommended Prnctlcg for accounting and reporting by charities lapplicabl8 to charitsès preparing Ih•ir accounts in accordanc8 with tho FIna￿al Rep)rtlng Standard appllcabEe In the UK and Republk ot Ireland {FRS 10211. I have no concerns arKI come across rn other matters In connection wllh th• oxamin8tfv)n lo which attention should be drawn In this rewt in order to enable a proper uThlerst8ndlng of Ihe aecounts lo be Teachad. Thls rep)rt is madg solely to Ihe compan￿$ twslees. as a W. in accordance with Part 4 of the Charlues IA¢¢ounls and Reports) Regulakn'ons 2C4J8. My work has been undeftsken so that I mwJht slate lo the companl8 Iruslees those matters 18m require(I lo stste lo them in an irKJependent examinerfs report and for no other purpose. To the full¢sl extent permlttad by law. I do not accept or assume f¢$ponsibility to anyrjna oth•r than th ¢omp8ny and ￿ companls trustees 8$ a body. for my work or ftjr this report. SvJned: Jonalhan Wilson FCA CTA Jonathan Wilson Daled: XC)1 g I ICAEW Jonathan Wll$¢n Chartèred A¢countanl Page 10 RECYCUNG OLLERTON AND BOUGHTON {a company Ilmlt•d by guarante•l STATEMENT OF FINANCIAL ACTivfTIES {INCORPORAnNG INCOME AND EXPENDrfuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted funds 2023 R•strlct•d funds 2023 Total fund¥ 2023 Total funds 2022 Not• In¢om• from: Donations and legac188 Charilabfg advities Investments Other incom• 535 574073 99 3,679 4,214 574,073 99 480,638 1,840 Totsl Ineom• 574.707 3.679 578,386 482,483 Exp•ndltur• on: Charitable activtti'os 586.585 2.J94 588.979 472,843 Total •xp•ndllur• 586.585 2,394 $88,979 472,843 N•t (•xp•ndlturnVbncom• Transfers lunds {11.8781 1.285 12501 110,5931 9.640 14 N•t mov•m•nt In funds (11,628) 1,035 110,593) 9.640 R•eon¢ill*tlon of fvnd•: Total funds brought lorw8rd Ng1 mov#m8nt in funds 155.932 111,628 155,932 110,593) 146.292 9.840 1,035 Total lund• ¢arrl•d forward 144,304 1,035 145,339 155,932 The Statement of flnanciat adivitles Indudes all g￿n5 and losses recognised in the year. Tho noleg on pagos 14 to 28 fomi port of trose financi81 ¥talement8. Page11 RECYCLING OLLERTON AND BOUGHTON la company limit•d by guaranteo) REGISTERED NUMBER: 04551116 BALANCE SHEET AS AT 31 IAARCH 2023 2023 2022 Nots Flx•d as••ts Tangible assets Curr•nt a•s•t• 55,756 62,358 Debtors Cash al bank and in hand 12 41.230 101.896 48.085 80.846 143.126 128.931 Credilor8'. amounts falllng due ¥&ithkn ona 13 {53,543) 135,357) N•t curr•nt a•#•t8 89,583 93,574 Totsl n•t aM•ts 145.339 155,932 Charlty fund• Resldcled funds Unr¥strkl•d TrJnd8 14 1.035 144.304 14 155.932 Total lund¥ 145,339 155,932 Thè company was onllued to exemplknn from audll under ￿¢t￿n 477 of Ihe Compani88 Acl 2008. The members hav• not rnqUiT•d the company to obtoln an audil for the ygar In quèstion in accordanco 88Cth)n 476 01 Companles Act 2006. Tho trustees a¢knowl8dge thelr rèsponslbllM6s for compl￿ry wrth the rgqulremants of Act wlth re8P8¢t to accounting r8cords and preparation of financial slalomnts. The flnancial statements have been prtyared in ac&Xdan￿ th the WOViSK)ns aFf4icable to entllies subigct to the small companies regime. The finonclal statements wer• approved and 8uthcffised for Issue by Ihe tnJstg8s 181 ql ￿02- and signed on thelr bèh8lf by. R D Whall Ichair ol Tru519gsI The notes on pages 14 10 28 forni part ofthese fmaroal S&te￿￿Trts. Page 12 RECYCUNG OLLERTON AND BOVGHTON (a company Ilmlted by guarant••l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flo￿ from OPOfating actlvttl•s Net cash in ¢Jperaling activilies 37,923 12,529 Cash fl•w¥ from Inv••tlng actlvlll Purchaso of tangl￿e fmd assets 116,873 {42.255) N•t calh u••d In Inv•8tlng actlvltl•s {16,8731 {42.2551 Ca•h flow• from Iln*nclng actlvlth• Sala of [￿9d assets 4,000 Not ¢a¥h provld•d by fln•n¢lng actlvhl 4000 Chang• In ca•h Ind cash •qulval•nts In thg y•ar Cash and cash equlvalents at the beginnlng of Ihe ￿ar 21.050 125,726 106,572 80.846 Caih and ¢ash •qulvahnts •t th• •nd ol th• year 101.896 80.846 The rM>tgs on pages 14 to 28 frym part of thèsè finand￿ 8ts1omgnts Page 13 RECYCLING OLLERTON AND BOUGHTOPI la Company Ilmltgd by guarant••) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 A¢counllng pollcl•• 1.1 8a81$ of pr•paratk*n of Ilnanclal •t•l•ments Th& financial stal8mgnls have been prepargd Ni accordance with the Charlyès SORP IFRS 1021- Accounting and R8Fthing by Charitigs: Statement of Recommended Practlce applicable to charitie preparfng their a¢¢ounls ￿ accordanc8 with Ihe Finoncial Reportlng Standard applicable In th& UK and Republic of Ireland IFRS 1021 (effective 1 Jgnuary 2015), the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companios Act 2006. Rec￿ing Ollerton and Boughton meets the dofintth)n of a publ￿ bw*èfft enllty und&r FRS 102. Assets ond liabilities are initialty rncognised 01 histsdcal cosl or transaCt￿n value unless otherwlsè stst•d In tho rel￿4￿1 accounliry pc4icy. 1.2 Golng conc•rn At the dats of slgning thore are no conc•m# rogardlng th8 su$ta1nal￿llty of the charfty. Thg trustees ontinue to monitor the posilk)n and 8ee no rea60n to Suggast that the company cannot continue 81 bts currenl18vel ol actlvlty sUb￿t lo c￿lInUed support from Nottinghamshlrè County Councll and the bank and they therefore ¢￿Illnue to adcpl the going c4yKem ba818. 1.3 In¢om• All income is recognl8¢d once Ihe company ha$ •ntiUem•nt to Ihe in￿Me, il is probable that Ihe incom8 wlll be received and tho amount ol incoff* recefvable can be measured raliabty. Gifts in ￿nd d¢)naled for dl$lJ*ution are I￿lUd•d at v￿allOn rewni8ed as income whèn thgy are distribLrted to th• projects. Grft8 donated for resth ar9 wKludod as income when Ihoy we sold. In￿me tax recoYorabl• In relation to InveslThnt Income Is r•cognlseil at thè time Ihe investmenl Incomo is recelvable. Other income Is recognisod in the perk￿ in which it18 racèNable and to the extent th8 gotyjs have bfjen provlded or on complethin of the seNce. 1A EXp•ndl￿r9 Expenditur& 1$ recogni5ed once there is a legal or constructive obligation to transfer economlc benefit to a thlrd paty, it is proba￿ th8t a transfer of economic b¢nefils will be required in sett5om8nl and the arnounl of the obligation can bo measured roliably. Expendllure is c￿$*fi￿d by activity. The ¢0sts ol each aclivity are made up of the total of diroct costs and shared costs, Sn¢luding support costs Involved in undertaking •ath 8CtNity. Dire¢l ¢osts attribulable to a sin910 advlty are allo¢aled dlreclly to that athlty. Shared costs whlch contribute to more than one acllvity and support costs whic* are r￿1 attrlbutable to a single actiwty are opportboned betr*een those activtties on a basis conslslent with the use of resource5. C8ntral staff costs are all¢xaled on the basis of time sp8nL and depreciallon charges alloceted on portion of Iho asset's USO. Expenditure on charitable aclwilies is incuvred on direcily undertaking Ihe activilJe8 whtch further the ompan*s objectives. as well as any associated supwt costs. All expendilure is In￿51¥e of wrecoverable VAT. Page 14 RECYCLING OLLERTON AND BOUGHTON la company Ilmfted ty guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ae¢ountlng pollch$ {¢ontlnu•d) 1.5 Gov•rnment grants Govemment wants relating to langilAe fixed assets are Ireatsd as def8rrad Income and reloased lo the stat8menl of financial a￿1vi￿.83 over the expttled usefvl lives of the Bss•15 concemed. Oth•r grants arè ¢rediled lo the slatemenl of financial ath'vities as the related expenditure 1$ Incu￿￿d. 1.6 Int•r••l r•¢•lvabl• Int8f88t on funds held deposh is Induded when recefvable and the amount can be measured reli8tAy by the company. thls Is nomially upon nottfieAtlon of the interest Pa￿ or payablg by the In$￿tu￿On with whom thg fvnds aro deposited. 1.7 Tanglble fix￿ a88•ts and d•pr•clatlon Tanglblè fixgd assols c081irvJ £200 or mcts are capitalised and rewnise(l future eGonomlc b•nefils arg pmbabh and the cost N value of the asgèt can be measured raliably. Tanglt48 ffjxed assets are init181￿ recognised at ¢051. After reco9n1l￿Tr. under thè cost model, langiblg 17xed assets are measured at C03t less 8¢¢umulated d&pr8ciation and any accumulal$d impalrmanl I¢￿e5. Al costs Incurred lo bring a tangible fixed assel inio tts inlended working wndi1Son should be ndudad in Iho measurgment of tosL D8pr9¢la￿on ig charged so as to atk)cato cost of ￿gIble fixed 8898ts le88 th8ir Iosfdual value ovor Ihelr esllmatod useful Ilves, uthg tho straight41ne mathod. 0oprorAation 1$ providod on tho followng bas•6: SeifblwJation at the balance sheet dal8 as a result of a past evenl, it is probable that a transfer of eccT￿Mi¢ hNJfil will b• wuired in sgitlem•nl. and the amount of the setU6ment w) be e51lmaled relwwy. Llabdrties oro re¢ognT8ed at the amount that the Company anticSpales 11 wll pay to s8ttle the debi or the amount11 has received as advanced p8ym6nts lor the goods or semcas it musl provide. Provlslons are measured at tho be81 esvmale of Ihe amounts reqUIr￿ to Settlo the obllga1￿n. Wher9 the effect of the lime valu• of rnon8y is matwial. the provision is based on tho present valuo of thos8 amounts. dlseountgd al th$ pr&lax discount iata that rgflecls tho risks spèatic to the liabllrty. Tho unwlnding of the discount is recognis8d In tha stalBmgnt of financlal acltvilies a$ g finance c051. 1.11 Fln•nclal In8trum•nts Thè company onty has financial assets and financlal Ilabilities of a klnd that quallfy as basic financial Inslrumenl8. Basic finarrial instruments are inltlalty recognised al transaction valug and subsequenlly measured al their setUemènl value V*ith the exceptyon of bank ban8 whith are 8ubsaquenlly measured al amorfsed cosl uslng the effrflNe interest method. 1.12 Op•rallng ￿430• Rentals pald undèr opgralng ￿Se$ are charged to lh8 slatemont of flnan¢lg1 acUvllle8 on a stralghl Ilne bas[$ over the leasg lem. 1.13 Pen•Son• The company operales a defined ci>ntribulion pension schemè and the pgnsl¢M charge represents tho amounts payabl• by the company lo the fund in respect of tho year. 1.14 Fund A¢¢ountlng General funds are unrestricted funds which are availablg for use at the discretion of thé trnsteey in furtherance of the gengr81 objectives of company and Ithich have not bgen dfrslgnated for other purp08es. DesNJnated funds comprlse unrgstrlcted fvnd8 t￿t have beèn sol asidè by the trustees for particular wrposes. The aim and use of d8*naled fund is $91 out in the notès to the finandal stslements. Restrlcted funds are funds whith are to be used in accordance with spoufic restrfdons impL15ed by donors or which have b88n r8Ssed by the company for partiojlar purposes. The costs of rdising and administering such fvnds ar8 chargod against the specific fund. The 8im and u80 of each restricted lund is set out in the notes to the financial glatements. Inv9Stment rwme, gains aThl h)sses are al(￿ated to the appropriate lund. Page 16 RECYCUNG OLLERTON BOVGHTON (a Gompany limStsd by guarante•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Gen•ral Infombation Recyding Ollerton and Boughlon o company limited by guarantee. registered in England and Wales. r6gi3tralion number 0455116 and a Charilable ￿MpanY registgred with The Chartty Commission, registralK)n number 1096735. Incom• from donatlon• and1•gaCi•* Unrnstrlct•d R•¥trlct•d fund• fvnds 2023 2023 Total fundi 2023 Tot81 funds 2022 Donatlons Donatlons sFrf>ns￿￿ welk for defibrfllator 53S 785 3,429 3,429 535 3,679 4.214 Incom• from charltsbh actfvltl•• UnM1Tlct•d R•strfct•d funds funds 2023 2023 Total fundi 2023 Total funds 2022 Salos of good¥ or Se￿￿$ as a charitable ¢ompany Recycling crodlts ServKè provls Student fvnds Van hire The Bally Thomas ch*ita￿e Fund The Barratt Development FurKI CAF NCC Care SeNlces Sustainabuity FurKI 70,477 30,816 4S7,148 2.170 280 70,477 30.818 457.148 2.170 280 62.373 31,022 379,055 1,788 5,000 1.000 400 13,182 13.182 574,073 574,073 480,638 Total 2022 474.238 6.400 480,638 Pago 17 RECYCLING OLLERTON AND BOVGHTON (a ￿MPanY Ilmll•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Inve¥tm•nt income Unr•stricted fund$ 2023 Total fvnds 2023 Total funds 2022 Bank interesl receNabl8 99 99 Total 2022 Oth•r In¢omlng r•8ourc•s Unr••trlct•d funds 2023 Total lund• 2023 Total fvnds 2022 Profit on sal8 of fixod assèts 1.840 Total 2022 1,840 1,840 Page18 RECYCLING OLLERTON AND BOUGHTON la ¢omp4ny limit•d by guarantsgl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anal￿1¥ Of charttable •xp•nditur• A¢tlvltl•¥ und•rtaken dlroctly 2023 Support Total fund• 2023 Total funds 2022 2023 Total expenses 569.166 19.813 588.#79 472.843 Total 2022 456.353 16.490 472,843 Analy41¥ of dlr•¢l ¢o•t¥ Total fund• 2023 Totsl funds 2022 Staff o)8ts Doprodati( Costs of gc4Jds 88 a charita￿e company Adivili$s and lrfps Cat¥ring costs Ront, rat0$ ond walor Lkjht and heal Rgpairs and mairstenance Vehicle and forkllft co818 Training and welfare Donations lo charlknes Sundry expense8 Independent examlnefs lees 418343 23,475 10.641 3,015 7,399 29,797 9.900 4,567 57,711 3,029 330,053 20,719 6,966 2,723 8.312 28.596 6.554 2.641 47.768 397 725 1,680 1,560 $69,166 456,353 Page 19 RECYCUNG OLLERTON AND BOUGHTON (a company Ilfflh•d by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls ¢f ch4rltabl• •xp•ndlturn {¢ontlnu•dl Anatysis of *upport costs Total fundJ 2023 Total lunds 2022 Insurance Professlonal 188s Tdep1￿o, po$tsge. slationery and prfnling Inlormation ar￿ publicatbn¥ Bank charges and Intwe5t Sundry 8xp8ns0¥ Trusleos, expenses 11,141 9,189 300 4,477 5.472 2,562 530 108 508 392 120 19,813 16,490 Inde￿nd•nt •xamln•rf• r•mun•rntlon 2023 2022 Fees payable to thè eompanls independenl examiner for the Independent examlnalion of the compan¥s annu81 accounts 1,680 1.560 Staff costs 2023 2022 Wages and solarfes Social security costs Contribution to defin￿ contrfbution pgnsl(418chenws 381.631 26,138 7.574 305.405 18.892 5.756 415,343 330.053 The average number of persons err￿ID￿d by the company during th& was as foilow8.' 2023 No. 2022 No. Charitable acuvltles 18 15 Page 20 RECYCUNG OLLERTON AND BOUOHTON la company Ilmltsd by guarants•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Staff costs qcontlnu•d) No 8mF4oyee recèived remunerntton #mounting lo than £60,000 in ellher year. Duriw the yEar 1 trusl¢o r•thved remuneration {2021 . 1 trusleel. Furlher details arv given in noto 10. The W aulhodty for thi$ remun6ration is given in polnl 4.2lhlliil ol articles 01888Wation 9¥ 8m•nded on 21 Sept•mber 2016. Remuneration was also paid lo other family members of one trustee. This amounted to YOS8 pay ol £28.870 12022 £26.2241. empkI￿$ nationd inuranc• of £2.822 12022 - £2.3991 and p8n$KTrn eonlrtbullon8 of £672 {2021- £5831. S8nw)r manag8mont arn N Pik8. L Plke P Shoppard and T E￿0. Tho gross remunaratlon of senlor managernont was £149.596 {2022 £107.5101. empkjyerfs national insurance was £13,991 12022 £10.105) and penslon ￿ntrIbutIon8 were £3.188 (2022- £2.4981. 10. Tru•t•••' r•mun•rntlon and exp•n• During the year. ona or more Iruslees has be￿ p85d rèmuneration or has ra¢￿Ved othgr bon¥flts from an employThent with the ￿Mpany. Tho value of trusle88' TeMunera￿on and other benefits was as follows.. 2023 2022 N Plke Remuneralion Pons1￿ ￿)ntributIonS pald 51.893 1,340 41,138 1,047 Durfng Ihg year ended 31 March 2023. no Iruste6 èxpense8 havo been In￿Trod 12022 - £NILI. Page 21 RECYCUNG OLLEiYfoN AND BOUGHTON (a company Ilmfted by guarantw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Tangibl• flx•d ass•ts Freehold Plant and pfop•rty m•Ghln•ry Motor Flxtur•s and v•hlch• ffttSngJ Total Co¥t or valu•¢l•n Al 1 Aprl 2022 Addltions 94.910 79.847 83,355 10.202 56,233 6.671 314.345 16.873 Al 31 March 2023 84,910 79.847 93,557 62,904 331,218 O•prg¢latlon Al 1 Awll 2022 Charge for thè ypor 60.753 9.135 79.304 428 56.516 11215 5S.344 2,697 251,987 23,475 At 31 March 2023 79,732 67.801 58,041 275.462 N•t bogk valu• At 31 March 2023 25,022 115 25.756 4863 55,756 At 31 2022 34.157 $43 26.769 889 62,358 12. Debtor• 2023 2022 Trade dgblors Prepaym¢nl$ and accrugd Income 11,448 29,782 9.007 39,078 41,230 48,085 Pag8 22 RECYCUNG OLLERTON AND BOUGHTON (a tompany Ilmli•d by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Crodltors: Amounts falling duo within on• y•4r 2023 2022 Trade crtdilors Othèr taxati￿ and sKio1 seojrity Other crodllors Accruals and deferrnd In￿Me 4,810 11.925 980 35.828 1,442 5.604 136 28,175 53,$43 35,357 2023 2022 Dèkned income al 1 Awl 2022 Resources deferred during the year Amounts released from previous pork)ds 9,228 797 19.228) 9.710 9,228 19,7101 797 9,228 Deferred In¢ome rglates to In￿Me receivod prh)r to ￿ar￿nd that r•lales to a perfod after the y¢ar- end. Page 23 RECYCLING OLLERTON AND BOUGTrrroN (a company Ilmlt•d by guarnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Stat•mgnt of lund$ ststement ol funds- ¢tsrrent y••T Balance at 31 March 2023 Balance ttt 1 Aprll 2022 Transf•r¥ Inlout In¢om• Exp•ndltuf• Vnrn8trlcted fund• D•slgnatod fund• Student funds 718 2.632 12,9411 409 G•n•rnl fund• General fund 155.214 S72.075 {583.644) 250 143,895 Total Unr••lrfct•d ftsnd• 154932 574,707 {586.585} 250 144,304 R••trkt•d fun Scott Cartlon Fund Defibrlllatc¢ Fund 250 3,429 {2501 12.394) 1,035 3,679 12.3941 1250) 1,035 Total of fvnds 155,932 578,386 (588.979) 145.339 Pag8 24 RECYCLING OLLERTON AND BOUGHTON {• ¢ompany Ilmit•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1& 8tat•m•n* of funds {¢onllnu•d Stateffl•nt of funds- prlor y•ar Balanco al 31 March 2022 Bala￿ al 1 April 2021 Transf8rs inlout Incc¥n8 Expendllure Unr•*trkted fund• D•¥lgnat•d fund• Sludont funds 1,970 {1,252) 718 G•n•ral lunds Gon9T￿ fvnd 146,292 474,113 {470,1911 5.000 1 SS,214 Total Unr•itrlcl•d funds 146.292 476.083 1471.4431 5,000 155.932 R•8trl¢t•d fund• Th9 Bally Thomas Charllab Fund CAF The Barratt Dèvelownont Fund {5,0001 1400} 11,O¢XII 1,0(K) {1.41)01 s,000) Total of fundi 146.292 482.483 1472,8431 155,932 Page 25 RECYCLING OLLERTON AND BOUGHTON (a company Ilml¢•d by guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 15. Analysls of n•t assets botwmn funds AnalW• of net aBset• betw••n fvnds - current y••r Unr•strkt•d Re8trlcted funds funds 2023 2023 Tolal lunds 2023 TangSble r￿ed a$$ets Current ass81$ Creditors due wlhin one year 54,721 143,126 153.543 1,035 55.756 143,126 {53,543} Total 144.304 1,035 145,339 An•ty¥l• of n•t 118•ts b•t¥M•n lunth- prlor y•ar Unre$trided fund8 2022 Total funds 2022 Tangible flxe(l a88ets Current a88els Crgdilors du* wllhln one 62.358 128,931 135,3S7) 62.358 128.931 (35.3571 Total 155.932 1 $5.932 16. R•¢onclllatlon of net mov•m•nt In funth to n•t cash flow from op•r*lng actlvltl•• 2023 2022 Net Incomg1gxpgndilu19 for Ihe ￿ar (as Pgr Statement of Fwwnual Activities) {10,5931 9.640 AdJu$tm•nt# for. Dopreualion charge8 Docreasellincroose) in dobtLYS Increase1{de￿a$el in creditors Profit on disposal of fixed 8sststs 23.475 6.855 18.186 20,719 {3.8611 112,1291 {1.8401 Net cash provlded by opowatln9 aclMtle8 37,923 12,529 Pag8 26 RECYCLING OLLERTON AND BOUGHTON la company Ilmh•d by guarnntM> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR eNDED 31 MARCH 2023 17. Analys18 of cash and cash equlvalents 2023 2022 Cash In hand Nolico deposlts 0888 than 3 months) 43.724 58,172 28.772 52.074 Total ¢•¥h and cash •qulvahnt• 101.896 80.846 18. An•lysl8 of ch•ng•• In nel d•bl At 1 Aprfl 2022 Ca•h flowj At 31 Ma￿h 2023 Cash at bank arnl In hand 21,050 101.896 21,050 101.896 Page 27 RECYCUNG OLLERTON AND BOUGHTON la company Ilmlt•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. P•n$lon ¢ommltm•nts The eompany operates a defined contribution penskjn scheme. The assets ol the scheme are held separatety from those of the company in an independenuy admlnislered fund. Thg Pgnsion cost charge repres•nls conlribulions payatAe by the company to Ihe fund and amounted lo £7,574 12022 - £5.7561. Contributions lolalling £763 {2022 - £n￿l were payab￿ lo Ihts fund al tho balan￿ sh••t date and aro included in credltors. 20. Op•ratlng l••i• comml¢m•nts At 31 Mar¢h 2023 Ihg Company had commllments to make fvlure mlnlmum lease paym8nts under no cancellable operating le8809 •# fokn: 2023 2022 Not later than 1 year Later than 1 y￿r and not later than 5 1,426 2,019 1.426 3,44S 3,445 4,871 21. R•lat•d party tr•nsadlon8 There are no further related p8ty tran&*tkins to dl8do8é. olhor than thé dlsdo8uro In re8P•Ct of truslee¥' remunerallon as dotalled In nots 10. 22. Memb•r•' Ilablllty Eoch member of thg charltal￿& cornpary undertakes to (￿nt￿￿￿rte lo Ihe assets of the company in th9 event of il being wound up while helshe Is a memb¥r, or wlthin one year aftgr hglshtr ¢ea58s to be a member, suth amount 8s may be requlrnd, not oxceeding £1 for the debts Ilats'lities ￿ntraded boforè helshe ceas9$ to be a member. Pag• 28 Registergd number: 04551116 Charity numb•r: 1096735 RECYCLING OLLERTON AND BOUGHTON {a company Ilmfted by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 RECYCLING OLLERTON AND BOUGHTON {• C*)mpany Ilmlt•d by guaran1••) CONTENTS Rofor•nc• and •dministrallv• d•lail4 of th• ￿MPanY, Its Irust••s and •dvls•rs Chalmian'• stat•m•nl Tru•l•••' r•pgrt Ind•p•ndgnt •x•mln•rf• r•port 10 8tal•m•nt of fln•n¢l41 actlvltl•• 11 Balan¢• ih••t 12 Stat•mont of ca•h Ilows 13 Not•# to th• flnan¢ial 8tsl•m•nts 14-28 RECYCUNG OLLERTON AND BOUGHTON {• company limlt•d by guaran1••) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trust••8 R D Whall. Chair N Pike. CNef ExecuiNe E Philllps. Vke Chay J M James, Treasur RW Hartbum MPJJame8 S French A J Statham Comp*ny r•gl•t•r•d numb•r 04551116 Ch411ty r•9l8t•red numb•r 1096735 R•gl•t•r•d offl¢• 183 Boughlon Industrid Estate Boughlon Newark Nollinghamshire NG22 9LD Company s•cr•tary L Plke Chl•f •x•cutlve offl¢•r N Plk8 Ac¢ount•nt Jonathan Witson Chartered AcCounL￿I Cp)mwell House 68 Wesl Gate Mansfield Nottinghamshlrè NG18 IRR Bankorn u0j￿$ Bank PLC 1-3 Churth Street Mansfidd Nottinghamshir• NG18 1AF Page 1 RECYCLING OLLERTON AND BOUGHTON (a company Ilmltod by guar*ntsg1 CHAIRPIAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 Tho chalnnan presents hls staiamgnt for the yoar. The yeor to 31 March 2023 for Re￿lIng Ollerton and Bought￿7 IROBI rosutt￿ in a defi￿1 01 £10.593 which could oaslly be viewed as a dlsappoinling year. H¢)wever, the gl¢)bal. national and local chall8nges that Impacted on ROB were such thal the year should be considered a credible achievement where major chall•nges and risks havtr been mel head on. The back end of Covid wa5 well managed by Neil and th• team wilh robust t85ling to Ihe oxlenl that although the effect of Covid wa$ stgnlllcanl. the chaiity was able lo keep functioning while staff and students w&re kgpl safo. The Ukrainlan war and subs8quenl 10% plus Inflat[c￿ SIgr)ff￿nttY effectlng fu81, eloclricity and hgating was the major factor ￿adIng lo the annual d8ficiL Although ihere were welcome conth'butions from th8 County Council's Care Serwc88 Sv¥lalnablllty FurKI, (effoclivo 1 Jarnary 2015) 88 amond8d by Updale Bulletin 2 leffecliv8 January 2019). Since the company qu81ifies as small under section 382 of the Companies kl 2W6, the stratègic report rgqulrgd of medium and large compani¥s under the Companies Act 2006 Istralegic Roport and Directors. Rèport) Rogulalion$ 2013 has bean omitted. ObJ•ctlv•• and •ctlvltl•s a. Volunt••r• ROB rgGognlg0s that volunteer workars make a very slgnlficanl oontrlbut6on to Iho WO￿ and $8ryi¢e obledfvés of the prolecl. b. M•ln a¢tlvftlg• und•rt•k•n to furth•r th• comyn*• purpoMJ for th• publlc bgn•fit In Its charllablè aclfvili•$ arKI oblgdives, th8 tharlty is fooLwd en benefftiryd thos8 ￿ are with Leaming Difflcullhs. The prol•¢l currently has 10S.S referral day6 for people ￿1th Leaming Dmlculties b￿n9 att•ndèd 90th week, an Incr•830 of 7 days per week on the previous >par. The Irustsès confimi that they hove refeThed lo the guidance contain&d In th8 Charity Commission's gengral guldanco on public benefit whon reVIe%￿ng ROB'S {ReGydkng Ollerton and 8oughtonl akn8 and objectives and In plannlng future acllwties. Here are Some of the ways we meel tho rnquiremnl of publk benefft.. volunteer￿.. RO8 has paid members of Slaff are greally aided by a group of volunteers. The charity enables people to grow In life skills and provides a slepptng off poinl into the workj of work. Social events- We had some celebrations at Christmas Induding our 8nnual Christmas paty vrith eva￿ in attendani* as well 08 a very well supported trip to watch the panlomHn8 al New8rk Theatre. Trainir@'. PartlcSpating in troining encourages staff and 51udenls lo develop Iheir skills and to ￿rth'nue to exercise thelr competence. to enloy respecl arKI est8•m, arKI lo maintain or establish supportwe and caring relationships. Page 4 RECYCLING OLLERTON AND BOUGHTON (• company limh•d by guarnnt•o) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 ObJ•dlv•• and a￿1VIt￿8 {contlnu•d) Recyding.. 10,500 households have the cplion to lake up our fre6, fortnighty, glass collection and rgwdlng 88Nlce. We also offèr a cost effectfv8 cardboard and papgr reGycling soluti)n to almost 100 busines58S. c. Actlvtl•8 und•rtak•n to a¢hl•v• thos• objoctfvès The year 22-23 began with huge uncertalnty created by Russia's invasion of Ukr8kn8. On tho opbratKK)al front. an things were going very much as p￿nn￿d but flnanually there w8ro huge UncertaIn￿88 as energy prfc&s rocketed. By the rnidd￿ of thè yBar. diesel, used in our 6 vehld•s, had risen by 33% and declrfcrty was 5plralling. By the end of Ihe year infialh)n w85 runnirvJ al ovèr 10% 8nd was bèing reflected in our trxpendilure. This kind of unfor8se8n world ev8rt affts¢ting our litlle comer of Ollerton. as we 8ro still coming to terms with lifo alt8f a p8ndernlc. certalnly sharpens mind wh8n consmlgring kjngevtty and financtal ro$erves. Fortunately, the County CounrAI's Care Sarvices Sustain8bilty Fund open lo siluatk*n$ tlweotenod by tha Inffialionary crfsls with grants lotalllng £13.182. Furthfjr th)na16ons from sevoral friènds ol the charty as wo189 Llfosprfno Church and Edwinstowe Llons brought in a further £2.050, whlch was put into our student fvnd for day trps etc. A Sponsored wolk and family picnlc In August not only ralsod lund3 to buy a D8fibrillalor and to make donaUon$ oursefves lo Concer Resgorch UK and Ma¢Millan Cancer ca￿., it proved a fanlastic ¢)ppcrtunity lo spend an afterrtr)on In Sherwood Pine¥ gnloong ong anolherfs company. The Panto trip In Dec*mber. whlch saw our students attending along wllh our staff and Ihglr fBmlllgS, W8s again a very popular success. as was Ihe evor-presenl Chrfslmas Paty. COVID was ¢9rt8inly still anlgsue Ihroughout thè ￿ar, seeing a total of 70 staff working day$10g1 through either specrfic cas9$ or our insl$len¢e thal rf somebody is livirtg In your househdd with COVIO. then you should not al Wofk. Hindsight tells us that we may have been ovei the top. bul better safe than sory. As tho effgcts ol the rus became le8s debili¢ating and naiw)nal T￿￿onS eased. we too relaxed ¢)ur protorA)18, alb811 al a considerably Slowar pac0. On ts Student fronl. wo saw S new 8tudents u8. 3 stralgm from school and 2 had not prevlou$ly acc&s$od support servlces. One ol these school leavers was Inttiglly WTongly assessed as 'ineliglble for services,, due to a lackluster ass¥ssmenl which dKI not gccounl lor an Inaccufata picture being painted by his mum who also has needs. After continued pressure by oursefves aTrJ his sthoolteacher, a complelo assessment was don9 and his place al ROB is now so obvious and natural. H¥ now attends h¥0 days per week. Sadly, this is not an l$olated incident of Social SeNces seeking lo minimtz• costs. In Aw"Fl 22 we had several taster days wtth an autisli¢ young man who was Th)t accessing any sèrvices. Social S•rvws asslgned a Personal Independence Worker who ensured that hg was able to travel Independenty élc. Unfortunalety, being able to travel safely does not replace hawng a meanlngful activity. 11 has tsken 8 further 15 monihs for this yDung man lo bounce around the 8yBlem and gvenludly get back to us. In order lo slrangthen our position going foThvard. we h8ve improvod our visibillty by attending 'MOvi￿on' events and arranging visits for SEN schools wherè we had no previous contacl. If thes& relat￿nShIpS brts)g jUBt l or 2 new Stud￿ts ¢0 u8 in th8 rnxl few J*ars. then thgy will bè wcvthwhné. 2 students have loft u$ during th8 year,1 to Ifvo In anothor part of th9 county and trh8 olh8r to advance his loumey in lrfe. He has used the s￿lIS picked up at ROB io sKure himsew a voluntooring opportunity and will strjn moving into his own flat. His parents are full of prais* for the expenences and supparl that he ha$ gol from ROB. Our overall slLrdent nUm￿rn rose from 98.5 to 105.5 days per week Ihroughout Ihe year. which ts sllghlty over the Increase ontlcipated in our &year Business Plan. This increase ha5 had the effect of in¢reaslng our slaff numbers by 3, one of whith is our fir51 apprentice. W& also consldered and aFproved reduction in hours Page 5 RECYCUNG OLLERTON AND BOUGHTOM {) com￿nY Ilmii•d by guarnnt••) TRUSTEES. REPORT ICONTINUEDI FOR ThE YEAR ENDED 31 MARCH 2023 ObJ•ctlY•• and actMtl•s (contlnufjdl quests from peoFde who am approathing reliremenl ar4J one ￿ has thildcare responsibilities dur(ng school holidays. On the operatlonal front. our recsr41rrfJ eollectW8 have perfom)•d wo11. Booing a 16% rlso In Incom9. some through an Inc¥ease In tonnag8 ¢oltècted and some Ihrough a hlghor Val￿ bging achiev￿. Tha r8¢ycling activities that are our mainslay hav8 bgon revlthvod to ensure that ￿ havg a workable balance belwegn our neod to malnlain in¢crt* and our naod to ensure that we'ro not puttlng unnece88ary pressure on our teams. In the autumn of 2022. we beg8n conversations Newark and Sh•rwood Dh￿cl Councll regarding IheSr intention to d8liver a glass reorllng scheme auos3 thè whole district. Hlstoricalty, as they had no faclllty In plac8 for glass Tecycling apart from ¢rAleclion polnts in vllage car Pa￿3, the district has supported us by wnling people within our area in our diroctK>n. Now Ihat they intend lo prov•Je this s0rv￿o, thèy feel it has to be offered lo all kJuséhold8 Imlhin the distrid withoul exception. Thls o)mes as a very definits dimale change to us. and wo 8re ¢ert8inly saoing il a8 a threat. In response we need to up our game. Our initial estimation was that we had o participation rote ￿thIft OLsr area of approxlmately 40% of hous8holds14,400 homes). We neod lo build on th18. W8 b&gan a concerted effort io leaflel drop every hous6Md within our area that do8sn'l ¢Uffenlly parts'clpate In our colloctlon sch8m8. Thg readon lo this ¢ampalgn was very good and as the f￿￿nd81 y8ar camg to 8 c108è 8wèral huntlrod rknv Gu$lomer8 had comg on board. A County Counell Audit in Decemb8r 22 produced 8 v8ry good result and gavo Lè$ confidence In thè way we support the people ￿ our care. A lew thSngs requlred tsv¥aking, arKI moa$uits were put in placo to improvg our S￿leMS immediately. One such remgdy was the 1ntrDd￿￿0n of an Onl1r￿ Tr8lning F4alform for all $18ff. Som•lhln9 that demonslr8les that we are no lon9er a Small local chorfty. The flnancl81 po$iYon al thè ènd of Iho year wasn'l wh8t we'd anlbcipatad. bul we've ridden out anolhor stomi and are confKknnl g(Mng forward. A¢hl•v•m•nt• and perlomwnc• . R•vl•w of •ttl¥ftl How the company achleves ils obj'eclives 18 d•t•dod bgknw. Tho charity to fulfil its thQrftab￿ objectives of fol￿VIng adults wllh18amlng difftullkns ty. Cxlering 8Uitable wryk placements Provldlng appropriate tralnlng Ensuring a safe end healthy environmant Taknng on new students, SLippxting thom thfouth their inductKJn and thelr transition from ￿m9 to ROB and from childhood to adulthood. Constantly supporting students by various means: li8tenirwJ. ha￿n9 appropriate conversations. Sho￿￿9 empathy and glvlng considered InsIn￿tionS By lialslng with stLKlgnts' families and carers Expandkng buslness waste recycling servic*s b. Fundralslng a¢tlvltl•$ •nd Incorne g•n•ratitin The chadty does not raise frjnds dlredy from tho publiG Page 6 RECYCLING OLLERTON AND BOUGHTON (a company Ilmtted by guarant••) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnjnclwl revlow a. Golng cone•rn After making apwowlale enqulrtes. the trustws havè a reasonabla èxpeclation that th8 company has adoqu816 Tg$oufG05 to contlnuo In opèrational existonce for Ihe foreseeable future. For this rgason, thèy continue lo adopt the going concern b86Ls In preparing the finandal statemonts. Fut1her detalls fegarding the adoption of th8 going cfftcorn basis can bo found In thg accoun11￿ b. R¢••r¥o* pollcy The Trustees alm lo maintaln free reseNes In unrestricted funds at a levd •4u8ting lo approximately six months, unrostrlcled charita￿e oxpendlturè. The Trustees con5kler Ihls I￿¢1 lo be pnjdent and suir￿lent lo meet the needs of the Ch8rity as they arise. Th9 Trustees are happy the Progress that has b8&n mad¢ In achievlng this and plan to ￿tinue at a similar pece for the lorese0a￿e future. The rasorve a¢¢ounl held £38K al the year end. thg current account holdlng £44K. Although wo operate 2 accounts. the reseNè acctsunl offors no additional Inlère81 Rale bonollts over the currnnt oGcounl. The Trusloes declded to 8V4ilch £20K of Ihg re8orye inio a hlghor Inler•$l account with Klngdom 8ank. ¢. Prlnclpal rlskl *nd un¢•rtalntl l ri$k$ are identified ond mlllg8ted on our 'Rlsk R8gisle¢ whth is revlewed 6 monthty. Principle risks are.. 'exc•ptional increas8s lo Inflabon Cause businogs Th¥)do1 lo falterf. mil￿ated by increasing charges lo busln8sse$ and lo Nottlnghamshire County Councl and 'R8¢¢gnising the hoavy roliance on ono or two Income slr&ams', this Ss mklgal6d by ensuring Ihal we arè delNeriNJ Ihe quality and type of s8rvicg that Is wanted by both the Sgrvlco Users and by the Cwnty Council by regulafly See￿n9 their fèedback and continue lo devdop a robust ,￿pOlIne. of avenuel from where ROB can be 8c¢ewd. d. Flnanclal rfsk manag•m•nt obl•ctlv•s and pollcl•s The chadty admlnisters all financlal fflatte￿ ¥Ath Its finandal procedures documént wh￿h Is revlewèd annually. . Fund• The net defidt was £10,593 for thè year. compared to a nel 8urplu$ of £9.640 lagt year. The lotal net assets were £145K. Total incomè w85 £578,386 of that £457K was from Day OPpothnrt￿ Provisionrrransport. Totsl expenses were £588,979. of that £415K vas wag98. Stru¢tur•. gov•manc& and manag•m•nt Constitution Recyrling Ollerton and Boughton is registered as a tharitable company limited by guaranlee and was set up by Memorandum of Association 19 Febvuary 2003. The artiC￿S of association were amended by special resolulbn on 21 September2016. The company is e4JllStituted undw a memorandum of association daled 19 February 2003 and 13 a ragJ"st$￿d Pagè 7 RECYCUNG OLLERTON AND BOUGHTON la company Ilmlt•d by guarantee TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Strnctur•, gov•man¢• and manag•m•nt {¢ontlnuedl charity number 1096735. b. hl•thods of apptsSntm•nt or •h¢tlon ol trusl Th6 rnawemonl of tho company is tho reSp)nsI￿lty of th8 tru5teos vA)o arn electod and c(poptod under tho terms ofthe Momorandum of Assodatlon. The articles of associatlon provides for a mlnknum of 4 and a maximum of 12 trustees. vtho ar• th8 management commllloe mèmbers. Whefa thorn is requirement for trusl•es. these woukl ￿ idenlifitd and supported by r•maining trustees. c. Organl•atlon•l 8tructur• and d￿ls1on￿m*klng poll¢h• The 9ovgrning W ol the company18 th• board of trust￿8. MgeYng8.' The TN8tsès mèt 6 limes durlng the yoar wtth all meollngs Chalrod by Richard Whall. All me•lng8 Wetè held pernon and minutes were taken by Lynn Pike. the Company SO￿01ary untll aftgr the July mee16ng when J8nin8 Flolcher took over the mlnula takn'ng. Richard Whall, th• Chalr holds montNy m8•tings vAth the CEO Neil Plke ￿*re strategy and presslng mall8rs are d1￿￿8$$d. CEO holds dalty Mgnagement meelkngs wilh Senhx Stsff and brfNJ$ Tggular reports to the Board accordingly. The Trustee8 eonilnue Ihe undèrtaking lo ensurn that on8 of t￿rn attend¥ the Monthly Staff Mgolng8 hèld by CEO, Neil Plke. Member¥hlp'. Over Ihe yew. the mak•wUP of the Board hgs remainod constanL d. Pollch• adopt•d for th• IndU￿10n and tr•lnlng of tru•t••Js The ¢hair of trust8¢s 1$ responslble for the induction of any n&w Irusto¢$. This involv8s awareness of tNslee responsibillties, the governlng dLxumenl, administratwe procedures, the history and philo￿phical approach of the organisation. A new Irust8e would recebve a eopy of the P￿VI￿j$ Jffjarfs financial statements tog8th&r a copy of th8 Chwfty Commissron Th Essential Trusteo.. What You N*J to Knov/. •. Pay polly for k•y Mana￿Ment p•rsonnel Managgment Team Thg CEO will make proposals to the Chair of the Board of Trustees for eath Individual manager with considerats'on of 811 th6 forementioned and the following: These wll need to be agreed on by the Board of Trusl¥•s. Indiwdual perfomiance Paye 8 RECYCLING OLLERTON AND BOUGHTON {a comp•ny Ilmlted by guarant••) TrUSTEES' REPORT (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2023 Sthietur•, govornanc• and managom•nt l¢ontlnu•d) Market value CEO The CEO an¢J Chair of the B08rd of Truste0$ will have a conversation as part of the CEO Appr8isal proc•88. The Chair of Tru816es wlll make a proposal to the CEO and agwmenl will be rèached prior lo the presentation to the 8oard of Trustees for approval. Th8 eA)nversation and offer will è• in ¢ons*Jeration of all of the above and thg followlng: Over811 company perf0m￿nCe Adher￿￿8 lo Misslon and Vlsion Aii9nm8nl to ACEVO guklancg re.. markol valuo. Perfomianc8 ogalnsl pi8vi¢JUS ￿r8 obi8th0s as 8•t oui in appraisal. t. R•l4t•d party r•lallon•hlp• The charlty has no relat*K￿IPS wAlh olher parbes. g. Rl•k man•g•m•nt The trust898 have a$8essed the major risks to which I￿ o)mpany 1$ •xpo8ed. In particular those related lo the rallons and finances of the company. and are satisfied thal systèms and prcwiure5 aro In place lo mlugale exposure lo the major risks. The wmpany has adopted thè Oicies of inlemal ¢onlrol¥ recommended In the Charity Commission's bookl8t CCS"Intornal Financlal Controls for Ch8rrtle#" wherever pos$ibl8. and has addrèssed tha polènlial risks outllnad thgrgln. h. Tru•t•••' Ind•mnftl•s The Truslees are covered by a Management L￿4￿71ty Pollty prowded by Thls Pdicy has £5.¢)00,c Trustees, Liabiliiy cover and £5,000,000 Chariligs Liabillty ￿ver. Plans frtrr futur• p•rfod• The charitys future plans arg covwed in a 5 Year Business Pl￿ was wrsiten in 2021 and is dug lo bè reviewod In earty 2024. Approved by or(fer membè of board aNI on thair behalf by.. tru8ts8s on R D Whall (Chalr of Trustees) Page 9 RECYCLING OLLERTON AND BOUGHTON (a company Ilmlt•d by guarnnto•) INDEPENDENT EXAMINER'S REPORT FOR The YEAR ENDED 31 MARCH 2023 Ind•p•ndent •xamln•rfs r•port to tho trust••s of R•¢y¢llng Oll•rton •nd Boughton fth• company'> I r8POrt to th8 charity tntslee5 on my gxamination of Ihe account$ of the compary for the ypar ènded 31 March 2023. R•spon$lbllltl•s and ba•1• of r•port As the trustees of Ihe company land its directors for the pufpos•s of wmpany law) you ar• rgsponslble for the preparalon ol the accounts in accordance V*ilh the requirements of the Companies Acl 2006 Clho 2006 Act'i. Havlng 88ti$fl8d my$8N thal Ihe accounts of the company arn not required to be audlled ur￿er Part 16 of th 20C6 Act and arè ellgible for ind•pendenl examlnallon. I rw in respecl of my examinabon of the companls accounts cathed out undor sectlon 145 of th8 Charilios Act 2011 flhe 2011 AcV}. In carrying out my oxamination I have followed tho DlrK15ons gfven by tho Charlty Commls81on under 6octk)n 1451Sllbl of tho 2011 A￿. Ind•p•nd•nl •xamln•rfJ •t•¢•m•nt I have compl•led my examination. I confim that rK) matters ha￿ corn? lo my attention in connèdon tho axamination giving mo Cause to bdi•ve.' accounting records were not kèpt In roSPgCt of the company as required by 386 of tho 2006 Acl,. or the acGounts do not accord ￿ thoso rncords.. or the accKJunts do not Comply with Iho accountlng requlremenls of $8don 396 of the 2006 Act other than any rgquliemenl that the accounts gfve a 'true and fairf vi6w Is Th)1 a mattèr considered as part ol an Independent 8xaminaVon,' or the account8 have not beon preparnd In accordance wlth Ihè methods and prfnclpl•s of th* Statement ol Recommended Prnctlcg for accounting and reporting by charities lapplicabl8 to charitsès preparing Ih•ir accounts in accordanc8 with tho FIna￿al Rep)rtlng Standard appllcabEe In the UK and Republk ot Ireland {FRS 10211. I have no concerns arKI come across rn other matters In connection wllh th• oxamin8tfv)n lo which attention should be drawn In this rewt in order to enable a proper uThlerst8ndlng of Ihe aecounts lo be Teachad. Thls rep)rt is madg solely to Ihe compan￿$ twslees. as a W. in accordance with Part 4 of the Charlues IA¢¢ounls and Reports) Regulakn'ons 2C4J8. My work has been undeftsken so that I mwJht slate lo the companl8 Iruslees those matters 18m require(I lo stste lo them in an irKJependent examinerfs report and for no other purpose. To the full¢sl extent permlttad by law. I do not accept or assume f¢$ponsibility to anyrjna oth•r than th ¢omp8ny and ￿ companls trustees 8$ a body. for my work or ftjr this report. SvJned: Jonalhan Wilson FCA CTA Jonathan Wilson Daled: XC)1 g I ICAEW Jonathan Wll$¢n Chartèred A¢countanl Page 10 RECYCUNG OLLERTON AND BOUGHTON {a company Ilmlt•d by guarante•l STATEMENT OF FINANCIAL ACTivfTIES {INCORPORAnNG INCOME AND EXPENDrfuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted funds 2023 R•strlct•d funds 2023 Total fund¥ 2023 Total funds 2022 Not• In¢om• from: Donations and legac188 Charilabfg advities Investments Other incom• 535 574073 99 3,679 4,214 574,073 99 480,638 1,840 Totsl Ineom• 574.707 3.679 578,386 482,483 Exp•ndltur• on: Charitable activtti'os 586.585 2.J94 588.979 472,843 Total •xp•ndllur• 586.585 2,394 $88,979 472,843 N•t (•xp•ndlturnVbncom• Transfers lunds {11.8781 1.285 12501 110,5931 9.640 14 N•t mov•m•nt In funds (11,628) 1,035 110,593) 9.640 R•eon¢ill*tlon of fvnd•: Total funds brought lorw8rd Ng1 mov#m8nt in funds 155.932 111,628 155,932 110,593) 146.292 9.840 1,035 Total lund• ¢arrl•d forward 144,304 1,035 145,339 155,932 The Statement of flnanciat adivitles Indudes all g￿n5 and losses recognised in the year. Tho noleg on pagos 14 to 28 fomi port of trose financi81 ¥talement8. Page11 RECYCLING OLLERTON AND BOUGHTON la company limit•d by guaranteo) REGISTERED NUMBER: 04551116 BALANCE SHEET AS AT 31 IAARCH 2023 2023 2022 Nots Flx•d as••ts Tangible assets Curr•nt a•s•t• 55,756 62,358 Debtors Cash al bank and in hand 12 41.230 101.896 48.085 80.846 143.126 128.931 Credilor8'. amounts falllng due ¥&ithkn ona 13 {53,543) 135,357) N•t curr•nt a•#•t8 89,583 93,574 Totsl n•t aM•ts 145.339 155,932 Charlty fund• Resldcled funds Unr¥strkl•d TrJnd8 14 1.035 144.304 14 155.932 Total lund¥ 145,339 155,932 Thè company was onllued to exemplknn from audll under ￿¢t￿n 477 of Ihe Compani88 Acl 2008. The members hav• not rnqUiT•d the company to obtoln an audil for the ygar In quèstion in accordanco 88Cth)n 476 01 Companles Act 2006. Tho trustees a¢knowl8dge thelr rèsponslbllM6s for compl￿ry wrth the rgqulremants of Act wlth re8P8¢t to accounting r8cords and preparation of financial slalomnts. The flnancial statements have been prtyared in ac&Xdan￿ th the WOViSK)ns aFf4icable to entllies subigct to the small companies regime. The finonclal statements wer• approved and 8uthcffised for Issue by Ihe tnJstg8s 181 ql ￿02- and signed on thelr bèh8lf by. R D Whall Ichair ol Tru519gsI The notes on pages 14 10 28 forni part ofthese fmaroal S&te￿￿Trts. Page 12 RECYCUNG OLLERTON AND BOVGHTON (a company Ilmlted by guarant••l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flo￿ from OPOfating actlvttl•s Net cash in ¢Jperaling activilies 37,923 12,529 Cash fl•w¥ from Inv••tlng actlvlll Purchaso of tangl￿e fmd assets 116,873 {42.255) N•t calh u••d In Inv•8tlng actlvltl•s {16,8731 {42.2551 Ca•h flow• from Iln*nclng actlvlth• Sala of [￿9d assets 4,000 Not ¢a¥h provld•d by fln•n¢lng actlvhl 4000 Chang• In ca•h Ind cash •qulval•nts In thg y•ar Cash and cash equlvalents at the beginnlng of Ihe ￿ar 21.050 125,726 106,572 80.846 Caih and ¢ash •qulvahnts •t th• •nd ol th• year 101.896 80.846 The rM>tgs on pages 14 to 28 frym part of thèsè finand￿ 8ts1omgnts Page 13 RECYCLING OLLERTON AND BOUGHTOPI la Company Ilmltgd by guarant••) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 A¢counllng pollcl•• 1.1 8a81$ of pr•paratk*n of Ilnanclal •t•l•ments Th& financial stal8mgnls have been prepargd Ni accordance with the Charlyès SORP IFRS 1021- Accounting and R8Fthing by Charitigs: Statement of Recommended Practlce applicable to charitie preparfng their a¢¢ounls ￿ accordanc8 with Ihe Finoncial Reportlng Standard applicable In th& UK and Republic of Ireland IFRS 1021 (effective 1 Jgnuary 2015), the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companios Act 2006. Rec￿ing Ollerton and Boughton meets the dofintth)n of a publ￿ bw*èfft enllty und&r FRS 102. Assets ond liabilities are initialty rncognised 01 histsdcal cosl or transaCt￿n value unless otherwlsè stst•d In tho rel￿4￿1 accounliry pc4icy. 1.2 Golng conc•rn At the dats of slgning thore are no conc•m# rogardlng th8 su$ta1nal￿llty of the charfty. Thg trustees ontinue to monitor the posilk)n and 8ee no rea60n to Suggast that the company cannot continue 81 bts currenl18vel ol actlvlty sUb￿t lo c￿lInUed support from Nottinghamshlrè County Councll and the bank and they therefore ¢￿Illnue to adcpl the going c4yKem ba818. 1.3 In¢om• All income is recognl8¢d once Ihe company ha$ •ntiUem•nt to Ihe in￿Me, il is probable that Ihe incom8 wlll be received and tho amount ol incoff* recefvable can be measured raliabty. Gifts in ￿nd d¢)naled for dl$lJ*ution are I￿lUd•d at v￿allOn rewni8ed as income whèn thgy are distribLrted to th• projects. Grft8 donated for resth ar9 wKludod as income when Ihoy we sold. In￿me tax recoYorabl• In relation to InveslThnt Income Is r•cognlseil at thè time Ihe investmenl Incomo is recelvable. Other income Is recognisod in the perk￿ in which it18 racèNable and to the extent th8 gotyjs have bfjen provlded or on complethin of the seNce. 1A EXp•ndl￿r9 Expenditur& 1$ recogni5ed once there is a legal or constructive obligation to transfer economlc benefit to a thlrd paty, it is proba￿ th8t a transfer of economic b¢nefils will be required in sett5om8nl and the arnounl of the obligation can bo measured roliably. Expendllure is c￿$*fi￿d by activity. The ¢0sts ol each aclivity are made up of the total of diroct costs and shared costs, Sn¢luding support costs Involved in undertaking •ath 8CtNity. Dire¢l ¢osts attribulable to a sin910 advlty are allo¢aled dlreclly to that athlty. Shared costs whlch contribute to more than one acllvity and support costs whic* are r￿1 attrlbutable to a single actiwty are opportboned betr*een those activtties on a basis conslslent with the use of resource5. C8ntral staff costs are all¢xaled on the basis of time sp8nL and depreciallon charges alloceted on portion of Iho asset's USO. Expenditure on charitable aclwilies is incuvred on direcily undertaking Ihe activilJe8 whtch further the ompan*s objectives. as well as any associated supwt costs. All expendilure is In￿51¥e of wrecoverable VAT. Page 14 RECYCLING OLLERTON AND BOUGHTON la company Ilmfted ty guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ae¢ountlng pollch$ {¢ontlnu•d) 1.5 Gov•rnment grants Govemment wants relating to langilAe fixed assets are Ireatsd as def8rrad Income and reloased lo the stat8menl of financial a￿1vi￿.83 over the expttled usefvl lives of the Bss•15 concemed. Oth•r grants arè ¢rediled lo the slatemenl of financial ath'vities as the related expenditure 1$ Incu￿￿d. 1.6 Int•r••l r•¢•lvabl• Int8f88t on funds held deposh is Induded when recefvable and the amount can be measured reli8tAy by the company. thls Is nomially upon nottfieAtlon of the interest Pa￿ or payablg by the In$￿tu￿On with whom thg fvnds aro deposited. 1.7 Tanglble fix￿ a88•ts and d•pr•clatlon Tanglblè fixgd assols c081irvJ £200 or mcts are capitalised and rewnise(l future eGonomlc b•nefils arg pmbabh and the cost N value of the asgèt can be measured raliably. Tanglt48 ffjxed assets are init181￿ recognised at ¢051. After reco9n1l￿Tr. under thè cost model, langiblg 17xed assets are measured at C03t less 8¢¢umulated d&pr8ciation and any accumulal$d impalrmanl I¢￿e5. Al costs Incurred lo bring a tangible fixed assel inio tts inlended working wndi1Son should be ndudad in Iho measurgment of tosL D8pr9¢la￿on ig charged so as to atk)cato cost of ￿gIble fixed 8898ts le88 th8ir Iosfdual value ovor Ihelr esllmatod useful Ilves, uthg tho straight41ne mathod. 0oprorAation 1$ providod on tho followng bas•6: SeifblwJation at the balance sheet dal8 as a result of a past evenl, it is probable that a transfer of eccT￿Mi¢ hNJfil will b• wuired in sgitlem•nl. and the amount of the setU6ment w) be e51lmaled relwwy. Llabdrties oro re¢ognT8ed at the amount that the Company anticSpales 11 wll pay to s8ttle the debi or the amount11 has received as advanced p8ym6nts lor the goods or semcas it musl provide. Provlslons are measured at tho be81 esvmale of Ihe amounts reqUIr￿ to Settlo the obllga1￿n. Wher9 the effect of the lime valu• of rnon8y is matwial. the provision is based on tho present valuo of thos8 amounts. dlseountgd al th$ pr&lax discount iata that rgflecls tho risks spèatic to the liabllrty. Tho unwlnding of the discount is recognis8d In tha stalBmgnt of financlal acltvilies a$ g finance c051. 1.11 Fln•nclal In8trum•nts Thè company onty has financial assets and financlal Ilabilities of a klnd that quallfy as basic financial Inslrumenl8. Basic finarrial instruments are inltlalty recognised al transaction valug and subsequenlly measured al their setUemènl value V*ith the exceptyon of bank ban8 whith are 8ubsaquenlly measured al amorfsed cosl uslng the effrflNe interest method. 1.12 Op•rallng ￿430• Rentals pald undèr opgralng ￿Se$ are charged to lh8 slatemont of flnan¢lg1 acUvllle8 on a stralghl Ilne bas[$ over the leasg lem. 1.13 Pen•Son• The company operales a defined ci>ntribulion pension schemè and the pgnsl¢M charge represents tho amounts payabl• by the company lo the fund in respect of tho year. 1.14 Fund A¢¢ountlng General funds are unrestricted funds which are availablg for use at the discretion of thé trnsteey in furtherance of the gengr81 objectives of company and Ithich have not bgen dfrslgnated for other purp08es. DesNJnated funds comprlse unrgstrlcted fvnd8 t￿t have beèn sol asidè by the trustees for particular wrposes. The aim and use of d8*naled fund is $91 out in the notès to the finandal stslements. Restrlcted funds are funds whith are to be used in accordance with spoufic restrfdons impL15ed by donors or which have b88n r8Ssed by the company for partiojlar purposes. The costs of rdising and administering such fvnds ar8 chargod against the specific fund. The 8im and u80 of each restricted lund is set out in the notes to the financial glatements. Inv9Stment rwme, gains aThl h)sses are al(￿ated to the appropriate lund. Page 16 RECYCUNG OLLERTON BOVGHTON (a Gompany limStsd by guarante•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Gen•ral Infombation Recyding Ollerton and Boughlon o company limited by guarantee. registered in England and Wales. r6gi3tralion number 0455116 and a Charilable ￿MpanY registgred with The Chartty Commission, registralK)n number 1096735. Incom• from donatlon• and1•gaCi•* Unrnstrlct•d R•¥trlct•d fund• fvnds 2023 2023 Total fundi 2023 Tot81 funds 2022 Donatlons Donatlons sFrf>ns￿￿ welk for defibrfllator 53S 785 3,429 3,429 535 3,679 4.214 Incom• from charltsbh actfvltl•• UnM1Tlct•d R•strfct•d funds funds 2023 2023 Total fundi 2023 Total funds 2022 Salos of good¥ or Se￿￿$ as a charitable ¢ompany Recycling crodlts ServKè provls Student fvnds Van hire The Bally Thomas ch*ita￿e Fund The Barratt Development FurKI CAF NCC Care SeNlces Sustainabuity FurKI 70,477 30,816 4S7,148 2.170 280 70,477 30.818 457.148 2.170 280 62.373 31,022 379,055 1,788 5,000 1.000 400 13,182 13.182 574,073 574,073 480,638 Total 2022 474.238 6.400 480,638 Pago 17 RECYCLING OLLERTON AND BOVGHTON (a ￿MPanY Ilmll•d by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Inve¥tm•nt income Unr•stricted fund$ 2023 Total fvnds 2023 Total funds 2022 Bank interesl receNabl8 99 99 Total 2022 Oth•r In¢omlng r•8ourc•s Unr••trlct•d funds 2023 Total lund• 2023 Total fvnds 2022 Profit on sal8 of fixod assèts 1.840 Total 2022 1,840 1,840 Page18 RECYCLING OLLERTON AND BOUGHTON la ¢omp4ny limit•d by guarantsgl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anal￿1¥ Of charttable •xp•nditur• A¢tlvltl•¥ und•rtaken dlroctly 2023 Support Total fund• 2023 Total funds 2022 2023 Total expenses 569.166 19.813 588.#79 472.843 Total 2022 456.353 16.490 472,843 Analy41¥ of dlr•¢l ¢o•t¥ Total fund• 2023 Totsl funds 2022 Staff o)8ts Doprodati( Costs of gc4Jds 88 a charita￿e company Adivili$s and lrfps Cat¥ring costs Ront, rat0$ ond walor Lkjht and heal Rgpairs and mairstenance Vehicle and forkllft co818 Training and welfare Donations lo charlknes Sundry expense8 Independent examlnefs lees 418343 23,475 10.641 3,015 7,399 29,797 9.900 4,567 57,711 3,029 330,053 20,719 6,966 2,723 8.312 28.596 6.554 2.641 47.768 397 725 1,680 1,560 $69,166 456,353 Page 19 RECYCUNG OLLERTON AND BOUGHTON (a company Ilfflh•d by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls ¢f ch4rltabl• •xp•ndlturn {¢ontlnu•dl Anatysis of *upport costs Total fundJ 2023 Total lunds 2022 Insurance Professlonal 188s Tdep1￿o, po$tsge. slationery and prfnling Inlormation ar￿ publicatbn¥ Bank charges and Intwe5t Sundry 8xp8ns0¥ Trusleos, expenses 11,141 9,189 300 4,477 5.472 2,562 530 108 508 392 120 19,813 16,490 Inde￿nd•nt •xamln•rf• r•mun•rntlon 2023 2022 Fees payable to thè eompanls independenl examiner for the Independent examlnalion of the compan¥s annu81 accounts 1,680 1.560 Staff costs 2023 2022 Wages and solarfes Social security costs Contribution to defin￿ contrfbution pgnsl(418chenws 381.631 26,138 7.574 305.405 18.892 5.756 415,343 330.053 The average number of persons err￿ID￿d by the company during th& was as foilow8.' 2023 No. 2022 No. Charitable acuvltles 18 15 Page 20 RECYCUNG OLLERTON AND BOUOHTON la company Ilmltsd by guarants•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Staff costs qcontlnu•d) No 8mF4oyee recèived remunerntton #mounting lo than £60,000 in ellher year. Duriw the yEar 1 trusl¢o r•thved remuneration {2021 . 1 trusleel. Furlher details arv given in noto 10. The W aulhodty for thi$ remun6ration is given in polnl 4.2lhlliil ol articles 01888Wation 9¥ 8m•nded on 21 Sept•mber 2016. Remuneration was also paid lo other family members of one trustee. This amounted to YOS8 pay ol £28.870 12022 £26.2241. empkI￿$ nationd inuranc• of £2.822 12022 - £2.3991 and p8n$KTrn eonlrtbullon8 of £672 {2021- £5831. S8nw)r manag8mont arn N Pik8. L Plke P Shoppard and T E￿0. Tho gross remunaratlon of senlor managernont was £149.596 {2022 £107.5101. empkjyerfs national insurance was £13,991 12022 £10.105) and penslon ￿ntrIbutIon8 were £3.188 (2022- £2.4981. 10. Tru•t•••' r•mun•rntlon and exp•n• During the year. ona or more Iruslees has be￿ p85d rèmuneration or has ra¢￿Ved othgr bon¥flts from an employThent with the ￿Mpany. Tho value of trusle88' TeMunera￿on and other benefits was as follows.. 2023 2022 N Plke Remuneralion Pons1￿ ￿)ntributIonS pald 51.893 1,340 41,138 1,047 Durfng Ihg year ended 31 March 2023. no Iruste6 èxpense8 havo been In￿Trod 12022 - £NILI. Page 21 RECYCUNG OLLEiYfoN AND BOUGHTON (a company Ilmfted by guarantw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Tangibl• flx•d ass•ts Freehold Plant and pfop•rty m•Ghln•ry Motor Flxtur•s and v•hlch• ffttSngJ Total Co¥t or valu•¢l•n Al 1 Aprl 2022 Addltions 94.910 79.847 83,355 10.202 56,233 6.671 314.345 16.873 Al 31 March 2023 84,910 79.847 93,557 62,904 331,218 O•prg¢latlon Al 1 Awll 2022 Charge for thè ypor 60.753 9.135 79.304 428 56.516 11215 5S.344 2,697 251,987 23,475 At 31 March 2023 79,732 67.801 58,041 275.462 N•t bogk valu• At 31 March 2023 25,022 115 25.756 4863 55,756 At 31 2022 34.157 $43 26.769 889 62,358 12. Debtor• 2023 2022 Trade dgblors Prepaym¢nl$ and accrugd Income 11,448 29,782 9.007 39,078 41,230 48,085 Pag8 22 RECYCUNG OLLERTON AND BOUGHTON (a tompany Ilmli•d by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Crodltors: Amounts falling duo within on• y•4r 2023 2022 Trade crtdilors Othèr taxati￿ and sKio1 seojrity Other crodllors Accruals and deferrnd In￿Me 4,810 11.925 980 35.828 1,442 5.604 136 28,175 53,$43 35,357 2023 2022 Dèkned income al 1 Awl 2022 Resources deferred during the year Amounts released from previous pork)ds 9,228 797 19.228) 9.710 9,228 19,7101 797 9,228 Deferred In¢ome rglates to In￿Me receivod prh)r to ￿ar￿nd that r•lales to a perfod after the y¢ar- end. Page 23 RECYCLING OLLERTON AND BOUGTrrroN (a company Ilmlt•d by guarnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Stat•mgnt of lund$ ststement ol funds- ¢tsrrent y••T Balance at 31 March 2023 Balance ttt 1 Aprll 2022 Transf•r¥ Inlout In¢om• Exp•ndltuf• Vnrn8trlcted fund• D•slgnatod fund• Student funds 718 2.632 12,9411 409 G•n•rnl fund• General fund 155.214 S72.075 {583.644) 250 143,895 Total Unr••lrfct•d ftsnd• 154932 574,707 {586.585} 250 144,304 R••trkt•d fun Scott Cartlon Fund Defibrlllatc¢ Fund 250 3,429 {2501 12.394) 1,035 3,679 12.3941 1250) 1,035 Total of fvnds 155,932 578,386 (588.979) 145.339 Pag8 24 RECYCLING OLLERTON AND BOUGHTON {• ¢ompany Ilmit•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1& 8tat•m•n* of funds {¢onllnu•d Stateffl•nt of funds- prlor y•ar Balanco al 31 March 2022 Bala￿ al 1 April 2021 Transf8rs inlout Incc¥n8 Expendllure Unr•*trkted fund• D•¥lgnat•d fund• Sludont funds 1,970 {1,252) 718 G•n•ral lunds Gon9T￿ fvnd 146,292 474,113 {470,1911 5.000 1 SS,214 Total Unr•itrlcl•d funds 146.292 476.083 1471.4431 5,000 155.932 R•8trl¢t•d fund• Th9 Bally Thomas Charllab Fund CAF The Barratt Dèvelownont Fund {5,0001 1400} 11,O¢XII 1,0(K) {1.41)01 s,000) Total of fundi 146.292 482.483 1472,8431 155,932 Page 25 RECYCLING OLLERTON AND BOUGHTON (a company Ilml¢•d by guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 15. Analysls of n•t assets botwmn funds AnalW• of net aBset• betw••n fvnds - current y••r Unr•strkt•d Re8trlcted funds funds 2023 2023 Tolal lunds 2023 TangSble r￿ed a$$ets Current ass81$ Creditors due wlhin one year 54,721 143,126 153.543 1,035 55.756 143,126 {53,543} Total 144.304 1,035 145,339 An•ty¥l• of n•t 118•ts b•t¥M•n lunth- prlor y•ar Unre$trided fund8 2022 Total funds 2022 Tangible flxe(l a88ets Current a88els Crgdilors du* wllhln one 62.358 128,931 135,3S7) 62.358 128.931 (35.3571 Total 155.932 1 $5.932 16. R•¢onclllatlon of net mov•m•nt In funth to n•t cash flow from op•r*lng actlvltl•• 2023 2022 Net Incomg1gxpgndilu19 for Ihe ￿ar (as Pgr Statement of Fwwnual Activities) {10,5931 9.640 AdJu$tm•nt# for. Dopreualion charge8 Docreasellincroose) in dobtLYS Increase1{de￿a$el in creditors Profit on disposal of fixed 8sststs 23.475 6.855 18.186 20,719 {3.8611 112,1291 {1.8401 Net cash provlded by opowatln9 aclMtle8 37,923 12,529 Pag8 26 RECYCLING OLLERTON AND BOUGHTON la company Ilmh•d by guarnntM> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR eNDED 31 MARCH 2023 17. Analys18 of cash and cash equlvalents 2023 2022 Cash In hand Nolico deposlts 0888 than 3 months) 43.724 58,172 28.772 52.074 Total ¢•¥h and cash •qulvahnt• 101.896 80.846 18. An•lysl8 of ch•ng•• In nel d•bl At 1 Aprfl 2022 Ca•h flowj At 31 Ma￿h 2023 Cash at bank arnl In hand 21,050 101.896 21,050 101.896 Page 27 RECYCUNG OLLERTON AND BOUGHTON la company Ilmlt•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. P•n$lon ¢ommltm•nts The eompany operates a defined contribution penskjn scheme. The assets ol the scheme are held separatety from those of the company in an independenuy admlnislered fund. Thg Pgnsion cost charge repres•nls conlribulions payatAe by the company to Ihe fund and amounted lo £7,574 12022 - £5.7561. Contributions lolalling £763 {2022 - £n￿l were payab￿ lo Ihts fund al tho balan￿ sh••t date and aro included in credltors. 20. Op•ratlng l••i• comml¢m•nts At 31 Mar¢h 2023 Ihg Company had commllments to make fvlure mlnlmum lease paym8nts under no cancellable operating le8809 •# fokn: 2023 2022 Not later than 1 year Later than 1 y￿r and not later than 5 1,426 2,019 1.426 3,44S 3,445 4,871 21. R•lat•d party tr•nsadlon8 There are no further related p8ty tran&*tkins to dl8do8é. olhor than thé dlsdo8uro In re8P•Ct of truslee¥' remunerallon as dotalled In nots 10. 22. Memb•r•' Ilablllty Eoch member of thg charltal￿& cornpary undertakes to (￿nt￿￿￿rte lo Ihe assets of the company in th9 event of il being wound up while helshe Is a memb¥r, or wlthin one year aftgr hglshtr ¢ea58s to be a member, suth amount 8s may be requlrnd, not oxceeding £1 for the debts Ilats'lities ￿ntraded boforè helshe ceas9$ to be a member. Pag• 28