Registered Company Number 02427258
Registered Charity Number 1151S78
Forest Recycling Project Limited
Report and Accounts
for the year ended 31 March 2022
*ABHYAV7
0111212022
COMPANIES HOUSE
#16

Forèst Recycling Project Limited
Company Information
Status
Forest Recycling Project Limited is a registered charity and a company limited by guarantee and not
having share capital.
Dirertors
The directors of thc company land trustees of the charityl for the ycar ?021/?2 were..
Jo Winyard Ichair to 19 May 2021. continuing as trustee beyond)
Mona Vakil (Chair from 19 May 2021: Treasurer)
Thomas Fox (Company Setretary) .
Nicola Hughes (to 19 May 2021>
Eleanor McDougall {to 19 May 20211
Veronique Jochum {from 19 May 2021}
Benjamin Ingram (from 19 May 20211
Jonathan Emmett (from 19 May 2021)
Members of the Board of Trustees are trustees for the purpose of charity law and directors for the
purpose of company13w.
All of the directors/trustees are volunteers who do not receive remuneration.
Registered office
2c Bakers Avenue
London E17 9AW
Accouritsnt and Independent Examiner
Waqas Hussain ACCA
10 Knebworth Avenue
London E17 SAI
Registèred company number 02427258
Registered charity number 1151578 .

Forest Recycling Project Limited
Directors Report for the year ended 31 March 2022
Introduction
Forest Recycling Projert Limited IFRP} is a registered charity and a company limited by guarantee.
.FRP meet5 environmental challenges with solutions that provide local benefits on both an individual and
community level.
rh
FRP was incorporated on 28 September 1989 and is governed by ArtTcles of Association that were
adopted on 16 January 2013. We are based in Waltham Forest, East London.
At FRP we work with individuals, communities. not-for-profit organisations and other companies to meet
our objectives.
The trustees here present their report and accountsfor the year ended 31st March 2022. The accounts
comply with the accounting policies set out in note l of the accounts and with the Charity Commission's
2015 SORP Istatement of Recommended Practice- Accounting and Reporting by Charities).
Chair's Report on the year 2021-22
Despite the uncertain environment since the start of the pandemic in March 2020, we are both plèased
and proud to positively report on the financial year ending 31st March 2022.
The 2021-22 fi'nancial year continued to present challenges as we started the year with our retail
operations closed following government guidance. However. the hard work and adaptability of our staff
and volunteers has enabled Forest Recycling Project Ltd IFRPI to both meet these challenge5 and
overcome them. and we would like to thank all of our staff and volunteers who have been crucial in
FRP'S positive outcome during this financial year.
Some examples of this adaptability include the continued modification of working practices to meet
government guidelines and ensure the safety of staff. volunteers and those that come into contart with
FRP. the introduction of -click and Collect" for scaffolding. as well as 50tial distancing to allow volunteer
opportunits'es to continue when we have been able to do so.
We would like to mention a big thank you to our funders. without vthom we would not be in the
fortunate position of being able to report such positive results= The National L(>ttery Community Fund,
William Morris Big Local. Th"e Postcode Society Trust and North London Waste Authority. We would 3150
like to exten.d our thanks to our individual donors who 5UPPOrt FRP. We especially appreciate our funders
and donors in providin£ us with the opportunityto deliver on our aims and goals.

The Directors are proud to report that FRP has had several achievements over the past financial year.
and some of these include:
Volunteering OpportunI￿e$ and the Green Champlons Progrdmme
Green Champions is our peer-led learning model, providing skills base'd volunteering
opportunities in retail, carpentry, paint and fabrics. The projett had a successful third year, with
positive wellbeing impacts reported by volunteers as well as being able to exceed the target
number of volunteers we were hoping to reach. With the agreement of our Funder. our target of
60 participants was reduced to 40 given the pandemic conditions, however we are proud to
report that we were able to.reach 62 participants. This was the third and final year of this Green
Champions project. and with the generous funding of the National Lottery Community Fund
(NLCFI, we are pleased to be able to continue to evolve the Green Champions programme going
forwards in 2022 and beyond. We are very grateful to the NLCF for their continued support.
Re-use work and Community Presence
Walthamstow Tool Library completed a successful pilot and we are very grateful to our funder,
William Morris Bi8 Local, who have funded the project for a further two years with the creation
of a new Tool Library Coordinator staff post. FRP continued to be involved in the annual Hackney ,
Toy Project and has increased the number of Give and Take events, allowin8 members of the
community to re-use and have a positive impact on the environment. Thi5 work is in partnership
with Hackney Council and we would like to thank them for continuing to enable us to deliver
these services.
FRP facilitated further r￿use of fabrics in the delivery of a lampshades project in the year and we
thank our funders, the Tate Modern and North London Waste Authority in making this possible.
In addition. FRP was pleased to be part of the Walthamstow Art Trail in 2021, further forging
connettlons with the local community.
Operational improvements
The financial year saw continued operational improvements and efficienciesincluding the
disposal of most of residual waste paint held at our sites and ongoing Stock reviews. The staff
team got the paint and retail operations fully up and running and adapted for Covid safet.y as
soon as it was possible early in the financial year. We've been delighted to collect over 20.000
litres and further distribute over 14.000 litres of reuse paint this year.
In addition, FRP was very fortunate to receive grant funding from the Postcode Society Trust,
which enabled the organisation to purchase a ULEZ compliant van to replace an older van. We
thank the Postcode Society Trust for their support in helping us to reduce our impact on the
environment in this regard.
The organisation continues to review its risks and policies on an ongoing basis and during the
year the health and safety risk assessments and retail policy were reviewed especially in IiEht of
the changing government guidelines. as well as the safeguarding policy.

Strategy and looking forwards
As we ended the financial year in a stronger financial position than at the time of the previous
strategy in 2018, we look forward to the future and one that is not dominated by financial
concerns in the short term. DurinE the year. the Board ofTrustees and the staff team
collaborated together to launch a new strategy for the organisation. setting out our aspirations
for the next three years and providing a clear focus for our future. The new strategy incorporates
our five core values: Inclusive. Sustainable. Community-focused. Enterprising and Collaborative.
This new strategy builds on the stride5 we h.ave already made to be a more linancially
sustainable, resilient or8anisation. especially important in these times of economic uncertainty
' and inflation. The strategy sets out how FRP is looking to further increase its impact in the
community and towards a greener environment. and as volunteering is currently at the heart" of
our activities. this is one of our priorities going forwards. As referred to previously, we are very
fortunate to have secured funding for the next four years from the National Lottery Community
Fund to evolve the Green Champions programme, for which we are extremely grateful.
Following this revievi of our objectives and priorities for the next three years, we look forward to
working towards our goal of creating a 8reener. more inclusive community.
Mona Vakil, Chair of Trustees for the year 2021/22, November 2022
Professional services
The Direttors would like to thank the following.for their 5ep4ice to FRP in this year:
HR Advisor: Populo HR
Payroll and Quickbook5 services.. Brookficld: Accountants
Independent Examination and Accounts Preparation". Waqas Hussain

Trustees and Workforce Team in 2021122
Board of.Trustees (Directors)
Chair.. Jo Winyard (to May 20211 and Mona Vakil {from May 20211
Company Secretary: Thomas Fox
Treasurer= Mona Vakil
Board members= Nicola Hughes. Eleanor McDougall {to May 2021}
Veronique Jochum, Benjamin Ingram. Jonathan Emmett. Jo Winyard {from May 20211
Staff
Chief Executive: Alison Griffin
Retail and Operations Manager to July 2021= Gosia Rokicka
Retall and Admin Assistant from July 2021= Kim O'Donovan
Paint Worker.. Clive Henry
Oriver and Paint Assistant: Les Nicholas
Green Champions Project Manager, Carpentry Lead and Designated Safeguarding Offi'cer: Greg Dickson
Green Champions Project Mentor and Fabric Lead: Elizabeth Salazar
Retail Assistant: Emily Palmer
Kickstart Apprentice from September 2021 to March 2022-. Kacper Pietrzyk
Tool Library Coordinator from January 2022- Katja Benkel
Volunteers
The staff work with, and are complemented by. a fantastic team of volunteers whose Contribution is
greatly appreciated. We extend immense gratitude to all our volunteers fortheir time. commitment,
work and enthusiasm over the past year, and the Board of Trustees acknowledge and greatly appreciate
the contribution of each individual who has given theirtime to us.
Governance and Management
The trustees work closely with the Chief Executive, who is responsible for the day-to-day management of
the organisation and overseeing the staff team.
Trustees Idirectors) meet at least four times a year to consider the activities of the organisation. and
typically every two months. Additional electronic meetings and discussions and approvals.by
correspondence are often held in between these times. plus the Chair and Trustees have contact with
the Chief Executive and staff team regarding projects on which they are working between meetings. In
2021-22, pandemic conditions meant that trustees met virtually for most of the year."using
videoconferencing software.
Trustee5 can be appointed to the Board by the other trustees at any time. The appointment of any new
trustees is decided and approved by.all existing members. New trustees are briefed on their legal
obligations under Charity Law. the decision making processes. the business plan and the recent
performance of the charity. They also meet the staff team. Trustee's are encouraged to attend
appropriate external training and events where these will facilitate the undertaking of their role.

Annual Report on the year to March 2022
Forest Recycling Project limited's Aims
FRP'S aims are the protection and pre5enrfation of the environment for the public benefft by:
The promotion of waste reduction, refuse reclamation. recyclin8. re-use and repair of recycled
products.
Education of the public about all aspects of waste generation. waste management and waste
recycling..
Working together with marginali5ed members of our community to promote sustainable living and
improved mental health.
Forest Recycling Projert Limited's Objectives
FRP'S solution to improve local sustainable living: At FRP. our main operational goal" is reclaimin'g,
repurposing and affordably selling waste material that would otherwise h'll and pollute local landfill sites
or go to incineration. and working alongside and supporting volunteers in this work.
The three main products we recycle are paint. timber and fabrics. We:
Redaim: We take waste items of unwanted paint. timber and fabric, along with waste paper, and we
stop them entering local incineration and landfill sites.
Repurpose:
Paint is checked, sorted and sometimes re-mixed.
Timber is cut, sanded and oiled and is used in a variety of ways, including to build items to assist the
biodiversity of local ec05yStems such as habitat boxes and planters.
Fabric is sorted and used for crafting/upskilling workshops and 501d affordably as bundle5 to local
schools and community projerts.
Re-sell: We sell a growing range of recycled and repurposed products. offering a cheap alternative to
mainstream 'green' products, along with.paint. timber and fabric to the local community. This ensures
all sections of the community, as well as accessin8 unique products. can afford sustainable living.

The Impact and Value of Forest Recycling Project Limited's Work
FRP is all about bringing environmentsl and social benefits to the local community. We play a part in
London becoming a zero-carbon 'circular' economy. designing out waste from how we live and work.
We have analysed the environmentsl impact of re-using waste materials below:
• the amount of V￿Ste saved: and
the greenhouse gas emissions avoided by not creatin8 new products I'CO2 equivalent'l.
There are also wider posilive environmental impacts to FRP'S work:
Reclaimed materials ensure valuable resources are conserved.
We avoid potential air, soil and water pollution from waste disposal.
The planter5 and bird boxes built by volunteers in our carpentry programme contribute to local
biodiversity.
FRP'5 work increases awareness of the environmental and economic benefits of reducing, re-using
and recycling waste.
• FRP'S work with volunteer5 and the public enables and empowers people to take environmental
action.
f RP'S collaboration with donor businesses enables corporate action to support the environment and
the community, and raises awareness within their teams.
We also hope to help change people's relationship with'stuff,, anLI how they perceive waste. This means
switching from a disposable consumer culture towards one that makes sensible use of what we have.
re-using and sharing where possible. The cultural shift in mindsets and habits is harder to measure than
the amount of carbon and waste saved. but it is also crucial. The tool library is a great example of this-
making it normal and easy to borrow a drill instead of everyone needin8 their own - and showing again
that the environmental and social parts of our work are inextricably linked.
FRP'S Work Wlth Paint
Every year in the UK over 320 million litres of paint are sold. Of these. it is estimated that SO million
litre5 are unused, stO￿d in homes or garages or thrown avlay.
FRP'S view is that unwanted paint is a resource that can be used to transform local environments,
whether through providing an affordable way for Iow-income households or charitie5 to redecorate. or
supporknng local artists to create beautiful community murals.
Paint business model:
Reusable paint is reclaimed from recycling cent￿S or commercial companies.
At the.FRP warehouse, our team of stsff and volunteèrs Sort. quality<heck and re-mix the paint, ready
for redistribution.
https=Ilcommuniiyrepaint.org.uV

The paint is sold as a sustainable. low-cost alternative to the general public. through our two retail
outlets-our paint shop in Walthamstow and our paint warehouse in Leytonstone.
On average. each litre of reclaimed paint is £3 cheaper than the new equivalent- and further discounted
.paint is also offered via different Schemes to=
Charities, community groups and not-for-profit organisations
Housing associations
Council housing tenants
Palnt impart 2021-22:
FRP'S paint re-use avoided 38.1 tonnes of CO2 equivalent emissions by avoiding the manufacture of new
paint.
Our paint operation was affetted by the pandemic. and started the year in lockdown (closed as
non-essential retail), but had double the impact of the previous year, as we were delighted to reopen
and rebuild our operations:
Paint collected= 20.914 litres.
Paint distributed: 14.014 litres.
4.000 litres of unusable paint derived from completin8 a clearout of our warehouse. which was
safely disposed of.
2020-21 had been a year marked by lockdowns and restrictions, and 2021-22 saw us emerge from that,
with caution. The safety of our staff, volunteers, customers and visitors is always our highest priority.
and this year again it W3s a very pressing concern. Our work remained very modified. and when the
shop and the warehouse were open. this was done in a covid-safe way, which reduced oiir capacity bLIt
l(cpt cveryone safe. It wa,
8reat to be open again. with c3ution. and incre3singly serving and working
with the public again this year.
Meanwhile we reaped the benefits of the work staff had done Iwlth covid-safety Measu￿5) to clear out
and reorganise the paint at our premises. enabling us to serve and satisfy customers much more quicklv
this year. We will always have waste paint where reclaimed paint becomes unusable and needs to be
safely disposed of. and this also represents an opcrational cost to the charity. but we have now cleared
out a substantial backlog leaving us better posithoned going forward.
FRP'S Work With Timber
Reclaiming scaffolding boards can have signtficant benefits to the economy and the environment. 'In
2019. it was estimated that just 60% of the UK'S waste wood was recycled - leaving some 2 million
tonnes going to waste.
We reclaim and reuse.scaffolding boards that are no longer required by industry and building slte5.
http".Ilwww.hse.gov.uklwoodwrkinglreryclbng.htm

Timber business model:
Building developcrJ and other industry partners donate used scaffolding to FRP, which would otherwise
have been sent to landfi'll or incinerated.
The boards are sorted and stored in our local yard and workshop.
A small proportion of the reclaimed wood is sold on to local customers in its basic state.
The majority of the timber is repurposed by FRP'S team of staff and volunteers. who cut the wood to
bespoke size, sand and/or oil it to be sold on to the public.
Timber is often used in our workshops to c￿ate planters. biodiversity boxes or raised beds. This
provides added social and environmental benefits in our community, as it creates new areas for green
growth.
rjmber impact 2021-22:
2,049m of scaffold boards were repurposed between April 2021 and March 2022.
Assuming a weight of 4kg/m. this equals a total of 8.2 tonnes of scaffold boards. Using a very
conservative figure for calculating CO2 savings. this equates to 3.02 tonnes of CO2 saved {ba5ed on
295'kgltonne whith is compared with using new wood).
We also estimate that the majority. 75% is used for indoor furniture projects which will become a
longer carbon store. Using this assumption. 75% or 7_68 tonnes used inside lavoided impact from
using new wood plus carbon storage in recycled wood not burnt) equals a further 5.12 tonnes CO
saving.
This results in an estimated total saving of at least 5.77 tonnes CO2 equivalent.
As with paint, our ability to work with and use or sell timber was afferted by pandemic conditions. As
described above. we were closed to customers going into this year. working with social distancing and
restricting the number of people we could have on site in order to keep everyone safe. Donor
companies were also typically reopening and reestabli5hin8 themselve5, and preoccupied with their own
highest priorities- we highly appreciate all the donations they did manage to make. Timber, however,
was a product that we were able to sell and distribute using 'click and collect. further to previous
innovations in 2021-22. which proved very successful, and we plan to continue to offer this service in
future.
FRP would like to give a special mention and our thanks for all the donations of scaffold boards. ENJ
Scaffolding and Globe Scaffolding have been our biggest donors, as well as the smaller more local
companies, Mate50ns, EH ond B055 Scaffolding who h3ve been great in keeping usgoing in between the
larger donations. They have all made significant positr've environmental and community impacts on
behalf of their companies through their donations. Scaffold produrt Sales have continued to increase
and we are only limited by supply. We continue to seek to grow this reuse work in partnership with
scaffolding and building companies locally.

FRP'S Work With Fabrlc
Greenpeace statistics suggest that globallv. an estimated 400 billion square metres of fabric is produced
annually, of which 60 billion square metres will immediately end up on cuthng room floors as waste lan
area four times the size of London!}. Much more becomes waste, or sits stored and unused, further
down the supply chain. The wasted fabric is all sent to landfill, incinerated or sits unused. FRP believes
that any fabric cuts are useful resources with potential for local reuse.
FRP commenced a pilot project in January 2018 to reclaim unwanted fabric in our community, and we
have continued to develop this. The aim is to reduce the impact of wasted fabric on landfill and CO
ernissions, and to sort and repurpose the fabric so that it can be sold back into the community.
Fabric business model..
Sole traders and businesses across London are invited to donate their waste fabrics. Donors have
included interior designers. fashion designers, furniture companies. film production companies, theatres
and upholsterers.
Donated fabrics are weighed and sorted by volunteers into fabrictype Iman-made or naturall and into
colour and tone.
The processed fabrics are sold individually to the community at affordable prices, and to community
organisations and schools via our membership schemes. Our.quarterly fabric sales became so popular
that we started runnin8 them monthly before the pandemic, and we hope to restart them soon.
As we have developed this project, we have started to train volunteers with sewing skills and knowledge
of fabrics. and to support and mentor them in making and developing products for themselves and for
sale. We have also developed a programme of community workshops.
Fabric impart 2021-22:
FRP sold around 340 k8 of fabric, diverting it from landfill. this year- equating to around 0.7 tonnes
of CO2 savings.
Additional positive impact and CO2 savings came from using donated and reclaimed fabrics for
events and workshops - an estimated further 80kg of fabric. equating to a further 0.2 tonnes of CO
savings. We also started offering a clothes mending service at London Borough of Hackney's Zero
Waste Hub events, which saved a lot of clothes from going to waste.
Total estimated saving of I tonne of CO2equivalent.
As with paint and timber above, our work with fabric has been seriously impacted by the pandemic in
the past two years. We have done what we can. when we have been able to be open for retail andlor
50¢ially distanced volunteers, and we have done as much preparation as possible in between, often
working from home and with volunteers on Zoom and bycorrespondence. Social distancing has meant
that fabric sales- where a lot of reclaimed fabric was bought for community use- have not been
possible, but we hope to reintroduce these in 2022-23.
io

FRP'S Work With Volunteers
FRP'S operations and impart have always been made possible by working in collaboration with
volunteers and the wider community.
In pariicular, the processes of handlin8 and repurposin8 the reclaimed materials are led by our skilled
mentors, but predominantly carried out by volunteers. We particularly.welcome and support volunteers
who are more marginalised in our community, and who can beneh't m05t from our supported
programmes- and who in turn make a fantastic contribution to our charity's work. Our team of staff
and volunteers work closely together and the unique skills and attributes that each individual brin8s are
valued and fostered.
Green Champions
This year represented the final year of a Green Champions project. kindly and generously supported by
The National Lottery Community Fund.
Green Champion5 is about encouraging and facilitating a positive lrfe change. through volunteering and
learnin8 skllls with our environmental charity- We want to take people who sit on the edge of our
community and ask them to lead in this tremendously irnportanttransition to a green economy. Being
part of the solution is immensely powerful when you are used to being seen as a problem. Building on
learnlng from Waltham Forest Foundations, Green Champions also now enable5 and encourages some
volunteers to stay with FRP for an extended period to further progress. and with an ultimate aim that
IO% will gain roles in the green economy.
Dedicated project officer time is enabling us to build links and relationships Wlth referral organisations,
including those that deliver social prescribing and local mental health support services. 50 that we can
reach some wonderful new volunteer5 Wlth unique contributions to bring. and who stand to benefit
from the inclusion and opportunities that supported volunteering can offer them.
Each individual volunteer registered to the project comes to FRP each week for three months, during
which time they learn about how to work with reclaimed materials and develop their contribution to the
charity and the environment. In a number of instances, we know thi5 has h.elped them to gain paid
employment. and in many cases we have tracked with volunteers the direct improvements that
volunteering with us has brought to their confidence, self esteem and general mental health.
Over 60 adults participated during this year of the project. many of whom were vulnerable or
marginalised in some way. Each volunteer undertook a pathway and developed skills in one of-
Carpentry
Fabric5
Conservation
Collecting. mixing and delivering unused paint
Selling recycled goods in one of FRP'S retsil outlets
That we exceeded our aims for how many people could participate in our Green Champions programme
this year was particularly remarkable. and a testament to our team. to our commitment to this
programme. to everyone who was willing to take part under adapted circumstances, and to the flexibility
li

of The National Lottery Community Fund as a funder who supported us deliverin8 in adapted ways
throughout the pandemic. We began the year under lockdown. and welcomed people back slowly in a
way that ensured maximum safety and. in particular. social distancing. We increased our capacity
through recontiguring our working arrangements so that people could be on site in small groups- with
good distancing and enhanced ventilation- every day, and we also continued remote and hybrid access
to our progr3mme5 in the early part of the year. The Green Champions who worked with FRP
throughout the year land the year before as welll showed great enthusiasm and dedication to their
work, and we are enormously grateful for all their contribution and support for our proEr3mmes. and for
all the health and safety measures that we put in place.
BeinB the final year of the project and its funding, we did a lot of evaluation and reflection of our work
and how we might do much more in future. This went alongside FRP'S wider strategy development for
2022-2025. mentioned elsewhere. We held focus group5 and condutted a lar8e survey to get very
valuable input from those who had been participating in our programmes. We had feedback from all o.ur
staff te3m. At the same time, we had (as always) data on participation and impact (including wellbeing
impact) of the programme- some of which we include below- which we had monitored and evaluated
throughout. Over a period of months this year. we evaluated and developed our new, improved strategy
and took an outline of this to The National Lottery Community Fund. who invited us to provide them
with a,full proposal.
We are hugely grateful to The National Lottery Community Fund fortheir support, and utterly delighted
at the time of writing (September 20221 to now be in receipt of a new grant from them for the next four
years of our Green Ch3mpion5 programme.
Volunteering programme5 impact 2021122:
ement
In 2021122, the Green Champions programme participation comprised:
Fabrics
22 people
Carpentry
27 people
Paint
4 people
Conservation
I people
TODI Library
8 people
Fabrics development pathways
7 people
Carpentry development pathways
9 people
The Green Champions programme is designed to support wellbeing. Volunteers undertake a
Warwick-Edinburgh Mental Wellbeing Scale IWEMWBS) survey at the start and end of their placement
by completing 15 questions to yield their current personal well being score. We saw that the vast
12

majority of participants showed an improved score at the fi'nish compared with that at the start. In
2021/22 there was an average increase of 8.8. across everyone who completed before and after d3ta. A
change of +3 is classed as a meaningful positive intrease in wellbeing. This was furthermore higher than
the +5.3 from year one of the project {which was still very si8nificantl. This suggests that during the
pandemic conditions of the last two years. and with the adaptations we put in place and all the learning
we have accumulated. our prograrnmes have been having an especially positive. and higher-thanryever,
impact on wellbeing. We also asked all the Green Champions participants from the last three years
about their experience of how their time with us impacted on their wellbeing when we surveyed them in
early 2022:
Please tell us whether you feel your time with FRP.helped your wellbeing.
so
30
io
Jo
li.
A 8reat deal
Quite 3 lot
No elftr
Had ¥ ne8atSve Èflert.
Individual Outcomes
Individuals who have worked with us have told.us about how they have subsequently gone on to new
opportunities. social engagement. increased confidence and employment. We are incredibly proud of all
that people have achieved. and extremely grateful that this programme has enabled us to help people so
much. In our recent survey of the Green Champions. we asked what people had done since joining
Green Champions, and the response was:
71% have used the skills they learned at FRP elsewhere (practical skills or other things they feel they
gained from their volunteering)
51% have made new friendships through volunteering at FRP
32% feel better informed aboutthe environment and ways that they can have a positive impact
17% have started new volunteerin8 elsewhere
24% have started new paid work
37% feel their confidence has improved
51% feel more connected to their local community
13

Green Office
In addition to FRP'S three main reclaimed products, we also offer a paper recycling service.
Paper business model:
FRP collects offi'ce paper for recycling from small businesses and not-for-profit organisations within our
locality. The paper is taken to a local paper mill to be recycled.
Paper impact 2021122:
Within the year, FRP collected and recycled 2,900kg of paper from local businesses and charities.
Delivering Through Partnerships
FRP recognises that the best way to achieve its charitable aims and objectives and to Secure real impatt
in the community, is often to work in partnership with others as well as participating in communitv
events, and welcomes the opportunityto do both.
FRP continues to actively seek new partnerships that will be mutually positive and offer further
environmental and social solutions. We would like to work with more community organisations to
create innovative solutions to complex problems. In addition, FRP is always keen to collaborate with"a
wider selection of private companies who will donate their reusable waste materials to us and improv.e
their own environmental impact.
In recent times, through the pandemic, partnership working was hard because of restrictions, and much
that had been planned, or which had been done in previous years. didn't take place. We a.re very
grateful to all our partners for continuing to develop relationships with us. often deferring and expanding
on plans for post-pandemic working. and we have started to take forward more in this year 2021122.
Walthamstow Tool Library - Workin8 With William Morris Big Local
FRP is delighted to have been partnering with William Morris 8ig Local IWMBLI to deliver on their
8reenin8 and community engagement projects for the William Morris Ward area of Walthamstow.
Walthamstow Tool Library was a highly successful 2019-21 pilot project to develop and deliver a local
tool lending library. particular5y for garden tools, with the desire that it can become a local greening hub
and build on what was started with a 'Greener Together. partnership projett. The project was launched
in the community in surnmer 2020- limited but not thwarted by the pandemic conditions, as we
ensured we started it in a covid-safe way. In 2021 it was able to fully launch and start to realise its
potential. Over ISO members of the communityjoined, borrowing tools for personal and community
projects, and a number of people kindly donating tools as well to make the project possible. It is turning
into a great project in terms of both its social and environmental impact, and as 2021 came to an end
William Morris Big Local decided to continue fundin8 our delivery of the project for a further two years-
including enabling us to employ a part-time Tool Library Coordinator as part of our team - and we
received an Awards For All grant to do community engagement from the projett in 2022. We are very.
gratef.ul to Williarn Morris Bi8. Local for everything they are enabling us all to achieve in the area by
working with us.
14

Community Repaint networf(
FRP is a member of the Comrnunity Repaint network. This gives us the benefit of being part of a
network of reuse paint outlets and the expert support of the small team at Community Repaint. for
which we are very grateful. They also promote our outlets and signpost potential bulk paint donors to
U5.
Solar Panels
.FRP continues to host an array of solar panels on the roof space at 2c Bakers Avenue as part of the
GREEN community share initiative. From 2nd April 2021 to 30th March 2022, 1053 kwh of solar
electricity was generated through th"e.pane15- this energy consumption would have emitted 0.24 tonnes
"of CO2 equiv31ent if taken from the grid.
15

Financial Review
Income for the year amounted to £232.762 (2021: £216.4581, £87.827 of which was unrestricted12021.'
£96,797). Expenditure amounted to £223.62012021: £181,461). This resulted in net incoming resources
for the year of £9.142 {2021: £34.9971.
FRP seeks to develop its busine55 and charitable income. to diversify its income and to always seek to
keep costs to a minimum. Prudent financial management is extremely important to us. This is vital to
underpinning the work of the charity. and support7ng the strategic aims and vision. In March 2020. we
were delighted to achieve our reserves target of 3-6 months of running cost5 held in reserves. and we
have maintained this since. in spite of the challenging times we have been in.
The retail closure5 and limitations of the pandemic significantly undermined our ability to earn business
incorne. However. we successfully restarted all our operations where we were able to. We had
successfully applied in 2020121 for the award of government grants to compensate for retail closures -
and these were a huge help. including going into this financial year. Enormously supportive too W35 the
continued grant income from The National Lottery Community Fund. and their agreement and
encouragement to let us deliver in a flexible and responsive way. As a result. as well as continuing to
deliver charitable and retail attivities in as much as we were able. we have been able to report a positive
financial position.
New work and operational development was also made possible by new income in 2021122. William
Morris Big Local IWMBLI had previously funded FRP to pilot a tool lending library. Followin8 Its success
and reflecfjng their ongoing commitment to the project. WMBL funded the operations with a two-year
grant from January 2022. The Postcode SocietyTrust awarded a grant that enabled us to replace our van
with a much more efficient and greener vehicle- making our operations more financially and
environmentally sustainable going forward. The North London Waste Authority funded a textile
recycling project and other partners also contracted us to provide attivities (other than through
restricted grants) and increase the impact of our work- some of them described in the report above.
We are extremely grateful to all those who fund FRP to deliver work to our mutual aims. In addition to
grant income, activities for generating funds in the 2021-22 financial year bounced back up from prior
year levels to 87% of the principally pre-pandemic 2019-20 level.
FRP has worked hard in recent years to make significant positive cultural and operational changes at all
levels, to both improve our finances and build on existing beneficiary outcomes. We have a range of
incorne generating activities. allowing us to work with a variety of partners and reduce our financial risk,
alongside successful and ambitious grant fundraising. Developing further income streams and
partnerships is an ongoing priority within our organisation. as we look to the future.
Reserves Policy and Reserves Posltlon
It is the policy of the charitable company to maintain resep4es of the charitable company at a level to
provide sufficient funds to cover unforeseen circumstances. The Reserves Policy of the company, as
reviewed and updated in 2018 by the trustees Idirettors), and reconfirmed since, is that the trustees
maintain that it is appropriate to maintain free reserves of approximately 3-6 months of overheads. The
important aim at this juntture was to build reserves up to comfortably within the target range. and to
actively work towards this by diversifying and building income sources.
16

In 2017-18 the free reserves at year Ènd were £220, in 2018-19 they were £12,133, in 2019-20 they were
£66,550, in 2020-21 they were £101.547 - the achievement of the reserves that we set out to build, for
the security of the charity. at between 3 and 6 Months of running costs. Thi5 year we have sustained our
reserves within our policy in spite of the challenges, closing the year in March 2022 with £108,606 in
reserves. This is alongside all of the charitable activity and environmental impact, as described in this
report land in previou5 years). It allows us to 80 forward in on8oingJJncertain tlmes, in terms of income
flurtuations and the unknown further efferts of the pandemic, with security for the charity and its work.
We are immenselygrateful to all of our staff. volunteers and supporters for enabling FRP to achieve thi5
reserves position in recent times. and proud as trustees that we have worked with them to guide the
charity to thi5 Position of much greater security and prospects for the future.
Investment policy
The main objettives of FRP'S Investment Polici are: to ensure that the funds at FRP'S disposal
are managed effectively, to meet the operational needs of the charity, and to reduce liquidity risk. FRP
also has a financial objective to increase income generating activities to provide increased financial
stability and opportunities to expand our work.
The Trustees of the charity are responsible for making decisions regarding investment matters.
FRP is currently operatine with a surplus. but is reliant on grants to fund much of its expenditure. There
can be uncertainty over grant income and the timing of cash receipts, as well as on the availability of
grants in future. and therefore it is important that assets are readily available to fund operations in times
of uncertainty.
FRP currently holds assets in cash where possible to fund operations. There are currently no non-cash
investments and no surplus assets that the dirertors deem available for investment at this time. Cash is
held in readily accessible current accounts.
In such a case in the future that working capital substantially exceeds the needs of FRP, the investment
policy will be reconsidered by the Board of Trustees. If and when this happens, the risk appetite,
investment type. decision hierarchy. and investment mana8ement will all be considered and defined.
Risk Management
The trustees {directorsl are aware of their obligations to make a statement in respect of the
management of risks faced by FRP. The trustees regularly review potential risks associated with the
charity's activities and the following risks are currently identified:
Finance
The key risks facing the charity, especially in the current economic tlimate. relate to income generatlon.
We have been building and diversifying our sour￿5 of income in order to manage this risk and we are
working on building our earnings a5 a priority. alongside grant funding. We are really delighted to be in
receipt of a current grant from The National Lottery Community Fund to support our core work with
volunteers and recycling, and to have been eligible for retail premises lockdown grants la range of Local
Restrictions Support Grants and Closed Businesses Lockdown Payments) from the govemment in the
17

course of the past two years. At the time of writin8, we are very pleased to report that FRP ha5 received
a further National Lottery Community Fund grant to take forward our Green Champions programme in
2022-26. We have meanwhile achieved and sustained our important goal of holdinB at least 3 months.
running costs in reserves to underpin the future work of the charity. We have a new strategy prepared
as we go into the new financial year. and a high priority of this in 2022-23 will be to further develop our
Retsil Strategy. so as to fvrther secure the financial position and strategic potential of the charity.
Inflatfon and Rlslng Costs
Th'is has been added to our risk register in 2022 to reflect the rising rates and projections of inflation and
especially fuel and other energy costs at present. These will Impact us directly through our runnlng
costs. increased prices as the costs of our suppliers increase and also the impact of rising costs of livin8
on our staff team. In early 2022 we reviewed and adjusted Salaries in li8ht of this- and may need to do
so again. Careful financial management is in place with frequent review of bud8et and expenditure. and
we are grateful for the financial expertise of our treasurer and the governance work of our board
supplementing the work of the staff team in this regard. We are also mindful that our community and
our volunteers will often be experiencing challenges and worries in this area. FRP is committed to
supporting staff, volunteers and community as best as we are able and will review the impact5.of the
situation on a regular basis.
Covid-19
The covid-19 crisis and accompanying lockdowns have represented many risks to FRP, as to the whole
community in which we operate. We have had to close our retail outlets for a porrion of the financial
year, representin8 a loss of all retail income in that period. and to this end we are enormously 8ratef ul to
our other funders and donors who bolster our position as a charity. Staff and their families are at risk
from the virus. and from the challenges and stresses that the new situation has brought, and we have
been doing everything that we can to support them. Our volunteer programmes have had to
temporarily close more than once. with us seeking to offer support to each volunteer and Green
Champion remotely, and put virtual training and meetups in place for all those who wish to join them.
Throughout 2021-22 we continued to assess for risks and put S3fety measures in place. following all
guidelines and recommendations. to continue to look after staff. volunteers and those that visit FRP and
make sure that our work can continue as safely as possible. The risks around covid-19 continue to be
under careful consideration goingforward.
Health and Safety
All staff receive up-to-date Health and Safety training. and we undertook a thorough review of our
Health and Safety policies and procedures in 2020, implementing a number of improvements at that
time. In this financial year. we have continued to do a lot of work on Health and Safety around
covid-19. including regular risk assessments and reviews. checking and following of guideline5, extra
trainin8 for staff and a range of new protocols. In late 2021 and early 2022, we updated First Aid training
for staff members through the British Red Cr055. meaning we have updated knowledge as well as five
qualified first aiders in our small team and across our sites.
18

Safeguarding of vulnerable adult service users and our stsff members"
All staff have undergone safeguarding training and FRP has invested in an employee support programme
with Education Support Partnership, which provides mental health and wellbeing support face-to-face
and over the telephone. We have updated our safeguarding policy and will continue to review this
regularly. We undertook a thorough review of our Safeguarding Policy and Procedures this year and
trained the staff in..them.
GDPR
Training has been undertaken by senior stsff and the appropriate polities are in place. These policies are
reviewed regularly and will be updated when appropriate.
Liabilities
FRP'S operational work sometimes necessitates the disposal of paint which is unusable for re-sale. This
paint poses a liability risk to FRP. FRP has steps in place to reduce the collection of unusable paint in the
first instance. Procedures are also set up to ensure the disposal of any waste paint is appropriate and as
environmentally friendly as it can be.
Employees
FRP strives to be an equal opportunities employer and applies objectlve criteria to assess merit. It aims
to ensure that no job applicant or employee receives less favourable treatment on the grounds of age,
race, colour, nationality. religion. ethnit or national origin, gender, marital status, sexual orientation or
disability.
Selection criteria and procedures are in place to ensure that individuals are selected, promoted and
treated on the basis of their relevant merits and abilities. All employees are given equal opportunities
training to enable them to develop their skills and knowlèdge. FRP is committed to a programme of
action to make this policy effettive, and brings it to the attention of all employees.
FRP is extremely grateful to its team of employees for all their excellent work.
Contribution by. and appreciation of, supporters
The Trustees appreciate the support of all FRP'S funders. partners and supporters, as well a5 the
dedicated staff team and volunteers.
Independent examiner
Waqas Hussain ACCA has been appointed as independent examiner for this accountin8 period.
Small company provision5
This report has been p'repared in accordance wtth the provisions applicable to comparties entitled to the
small companies. exemption.
19

Registered office:
Signed on behalf of the tnistees
2c Bakers Avenue
Walthamstow
London E17 9AW
Mona Vakil
Chair of Tntstees. Treasurer and Director
20

Independent examiner's report to the trustees of Forest Recycling Projert Limlted
I report to the charity trustees on my examination of the accounts of Forest Recycling Project Limited
I'the Charity'l for the year ended 31 March 2022.
Responsibilitles and basis of report
As the Charity's trustees (who are also the directors of the company for the purposes of company lawl,
you are responsible for the preparation of the account5 in accordance with thc requiremcnts of the
Companies Act 2006 ("the 2006 Act-l.
Having satisfied myself that the accounts of the Charity are not required to be audited for this year
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under section 145 of the Charities Art 20111.the
.2011 Act,). In carryin8 Out my examination I have followed the Direction5 given by the Charity
Commission under section 145151 Ibl of the 2011 Act.
Independent examiner's statement
.1 have completed my examination. I confirm that no material matters have come to my attention which
gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the Companies Act 2CK)6; or
the accounts do not accord with such records- or
the accounts do not comply with relevant accounting requirements under section 396 ofthe
Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is
not a matter considered as part of an independent examination.. or
the accounts have riot been prepared in accordance with the Charities SORP {FRS1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Name: Waqas Hussain FCCA
Address: 10 Knebworth Avenue. Walthamstow. London. E17 5AJ
Date: 2011112022
Signèd:
21

Forest Recycling Projert Limited
Statement of FiDancial Activilles
For ¢h¢ year ended 31 March 2022
2022
2021
ote
Unrestrieted
Funds
Fmnds
Tot8J Fund
Total Fuiids
INCOMIPIG RESOURCES
Incoming resources from
geDtrated fund$
Voluntsry In￿r￿- graThts & donations
¢iiviti¢s for Generating Fund
Investment Income
144.935
14,597
73.197
33
159.532
73,197
33
183.943
32,481
34
TOTAL INCOMING
RLSOURCES
E44.935
87.827
232,762
216,458
RESOURCES EXPENDED
Fundraising C05t5
Charitable Aetiyities"
GovernATr¢¢ Costs
144.935
77.935
750
222SIO
750
180,711
750
Totsl Resourc￿ Exwded
144.935
78.685
223,620
181,461
Net Incoming Re50urf¢s
- Net Income for the Yur
9.142
9,142
34.997
Totsl ai the stsrt of the year
101.547
ioi
Tolal Funds at the end of th¢ year
110.689
110.689
101547
.Tbe statement of fuwKiai a¢tivitTres incllldes all 8ains.alld10s5e5 in the yeaT.
All of the above amounts relate to continuing activities.

Forest Revffjllw ProJert Llmlled
Statement of FiD2lleial Positio•.
31 Ma￿￿ 2022
2022
2021
Fixed
Tangible fixed ¥55ets
11083
Cyrrent assets
' Debtors & PEep#yments
Bank & Cash at h4Dd
15,694
I￿,736
15.632
98,703
Creditors: auÈowts fa]liogdue wfthiti 0￿e yetr
(17.824)
(12.7881
Net ¢urreDt ass¢ts
110.689
101,547
Crediiors.. arnounts fallingdu¢ after more than one
year
assets
110,689
101.547
Funds
G¢D¢ral Fun(ts
110,689
101.547
110,689
101,547
For the year end¢d 3 l March 2022 the charity entnled io exemption from audii under sectton 477 of the
Companies A¢1 2006 relatt.ng to small c¢)rnpatiies. The m¢mbers have not required thc charity to obtain an alldii
of tts accounts f(* the year iti question ID xcordance with seuioo 476.
The DiTectors aCk[￿WICdge th¢tr respoDsibilitie5 for comptytng with the twiirryrKnts of the Aci Wkth rtspttt to
accouniing r￿orth and the prepavation ol&coun
These ¥counts h8Ve tttn Prepared in a¢cordan¢¢ with the.prnvisiotis applicable io small companies subieci to
the small companies regime and in accordance with FRS102 SORP.
Th¢5e fIn￿la1 statemeDts were appmv¢d by the Mernber5 of the fv)ard of alld wjthorised for issue oft
the 25th Nov¢mber 2022 and are signed on their behalf by:
Mona Vakik
Chair of the Tryst￿ Trtasurtr Direetor

Forest Rtcyclln8 Prwt Limited
Th¢ financial stsl¢znent5 have been prepar￿ undcr the historical cost fODvention. aDd.in Compliance with 'The
Financial Reporting Stsndard appliubl¢ in thc UK and Republic of Ireland, (FRS 102), the Stsiement of
Recomrnended Practice.. Accounting and Reporring by Chariiies preparing their accounts in accordance with .
FRS 102 {Ch3rities SORP) and the comp￿1¢5 Act 21N.
There h4s teen no ¢hange io the accouTJtillg policie5 (valuation rules and methcmjs of accountingl sioce1oSt year.
(b) Leg•1 Status
Foresl Recyclin8 Projeci Limit&1 is a registeNI ¢haTity and a Convoy limited by guarantee and has no share
rApital. The liability of each member in thc cveni of a winding4w is limited to £1.
{¢) Goillg Co￿¢tr￿
There are no material uncertainties aboul the charity's ability to ¢Ontiiiue
(d) F￿nd A¢¢ounting- restrftled gnd llmrestrieted funds
- Unrestricted funds are those wlKre there are no exte¥￿Ily imp)sed re¥trictions and are availuble for use at the
discretion of ihe trust¢¢s in furtheran¢¢ of the general obje¢tives of the charity.
- Restricwd fun.ds are subj#wi to restri¢iions oD"th¢ir exwiditw¢ imposed by the donor or through the tern￿ of
an appeal.
le) Inttsming resowrees
All incoming re50UTCts are includ¢d in the statemcnt of financial activities when the charity is entitled to thc
income and the arnount can bc quantifjed with Teasonable accuracy. The following specifi¢ poli¢ic5 are applied
10 partieula¥ ¢aLegori¢s of income".
Volutttsry itLCOtne is rec¢ived by way of grants. don8ts.olls and gifts and is iticluded in full in th¢ Siaicmenl of
Fioaoctal Activities when rec¢ivable_ Grants, where eniitl¢ment Is not CO￿￿"tiOnal OD the delivery of a sp￿lfIe
perforEnanee by the charity. a￿ ￿OgnISed when the charity becomes unconditiooally entitled to the grani.
Dollated services aTKI faciljties are inclwkd #t the value to the ch*ity where this can be quantified. The vAlue
of Services provided by voluLteeT5 ha5 not been ill¢luded in these t￿oUn
- Investment incom¢ is included wh¢n receivable.
- ID¢oming rKources from charitable trnding activity ate accoullted foi when eamed.
- Inconkill8 Tesour¢es from grdnts, where related ts) perfotmanee and d¢livernbles. are accoutttrd for as
the ¢harity eams the righi LO consideration by tts perf0M￿n¢t.
(Q Res•urees expended
Expendittire is recognis•J OD On accnjals basis as a liability is irKurred. Expendittre any VAT which
eanttot be fully recovered. and is reprted as part of the expenditure ￿ which it ￿la￿S..
- Costs of generatin8 fijnds compTise the C4)sts associated with attrncting voluntsry ir￿orne and the costs of
tradtng for fiJndrai5in8 purwises.
Charirable expenditur¢ ¢(NnpTise5 thos¢ ¢osts inellffed by th¢ charity in th¢ d¢livery ot its acthvities and
servi¢¢s for ils kneficiari&s. 11 includes knth Costs that ¢an be allLUttd directly to such activtti¢5 and those
costs of an irtdj.reci naiure n¢c¢ssary io sypport thetD.
- Governancc costs include those costs as5￿]11ed with rneeting ibe constilutional and stat￿Ory requirements of
the charity al￿ include the audit or examinaiion costs. and costs l]nked to the straw¢ moDagement of ihe
charity.
- All costs are allocated between the eX￿dit￿￿ categones of the StsttTnent of Financial"Activities (SOFA) on
bas¥s de$igDed to rtflect the use of the resource. Costs ￿lating io a particular acrtvity are allocated dtrectly,
othtTS are apTm)rti0n￿ on an appropriate basis e.g. staff by lime spenL per capits or ¢51imaied usag¢ as set
out io the noles to tbe accounts.
(g) Fixed assets
Fixed assets are sr•ied at a7St less ￿UMulated dtyre¢i*s00. Depreciation is ¢ai¢ulated to WT1￿ off the ￿st of
fixed &ssets less their estimated r&%idual Val￿ over their expected usefvl life on tbe followitsg basis..
0￿]¢¢ equipEnent". 25°h stsaight line.
Vehicles.. 33.3% straight line
ACCOUNTING POLICIES (continmed)

Forem Recycllni Projert Limlted
Ib) Operating lease agreemeDts
Rentsls payable under operating I￿es. WI￿re substaniially all the risks and rewards of own¢rship r¢mabn with
the lessor. are char¥ed 10 the st￿em¢￿t of fwancial activities on a Strdighi line basis over the life of ihe leas¢.
{il C85h at bank 4nd in h•od
Cash at bank and in hand includes Cash aThJ short terni highly liquid investh)¢nts with a short rnaturity of three
months or less from th¢ dat¢ of acquisitioTh A)r openillg of the de[￿l"t accounL
li) Debtors
Trade and other debtots we tecognised at the s¢tt]¢m¢ni amouDt due after any trade discount offered.
Prepaymenrs are valu¢d at ihe amount prepaid after ￿kIng accoun¢ ofany tnde diS￿u￿ts due.
{k) Cr¢d¢tor5 amd PrDvi5iOllS
CreditOTS and provisions ar¢ recognised where the charity ha5 a pre5eni obligatioD resulting from a past ¢vtnt
that will probably result ID the transfer of funds io a third party and the amouTht due to settle the obligation caD
be measured or estimated reliably. CredLiOYS and PTOV15ions noM￿llY reCO￿lSed ai their settlemeni amount
after aUowin8 for any trade dtscouDts thie.
TOTAL INCOMING RESOURCLS
2022
Total
2021
Ttstsl
VoIunt*ry Income
Grxnts & Don8ti0Th$
Tbe Naiional Lottery Community Fund- Grem Champii)n$
William Morris Big Lo￿1 - Walihamstow Tool Libtary
The Postcode Society Trust- New FliTr Van
UK Governm¢ot Covid ￿lS
UK Govemmen¢ Kicksrart grant
Nojkn London Wa5t¢ Autlxjriry. Let There Be Ligbi
Donations
i0iJ68
21520
17,0110
6.667
6,21)6
4.547
1,724
116,3l7
3,344
60,479
3,803
. Total Vvl¥tttsry ltt¢oth¢
159
3Z
3. RESOURCES EXPENDED .
Chariljble expenditsre
1022
2021
AthnÈnistratioo and otTi¢¢ n￿nIng costs
Project and direct costs
Premises ¢OSLS
Staff and volunieer costs
19.185
17,103
40.492
14A09(J
15.699
7,957
30,985
126,070
Governance Costs
Independent Examinerfs ftes
750
750
Tornl Costs
223.620
181,461
4. NET ENCOMING RESOUR

Forest Recycllng Prolert Llnthd
2022
2021
ThLS 15 Stat¢d after charging-.
Retsials under opcraihng l¢&
lodepend¢ni Exarninees Fees
24,846
750
24,846
750
5. STAFF COSTS AND EMOLUMEIYTS
Totsl $tsff eosts were as foUow$:
2022
2121
Gross pay
Social Security costs
136,931
7,831
118,864
6,735
144,762
125.599
No employtt received ¢molwD¢Dts of more than £60.(KM) in thi.s 01 the prtvious year.
None of the TnLsiee$ received aDy rernuDeration duEiU8 the year. (2021". NII)
21122
2021
Averdge numbtt of employets dunng the year was:
O. TANGIBLE FIXED ASSETS
Vebicle
Equipment
Total
Cost:
At l April 2021
Additions
At 31 March 2022
25.744 .
25,744
Depreci4tion:
At l April 2021
Charge for lh¢ year
Al 3 1 March 2022
25.744
25,744
2.917
28,661
Net book Y#lthe:
At l April 2021
At 3 1 March 2022
7. DEBTORS AND PREPAYMENTS
2022
2021
Trade debtors
Other debtors and Pre4)ayments
5934
9760
15.694
5,702
9,930
15,632
8. CREDITORS
Amouttts f•liing d￿¢ within one year:
2022.
2021

Forest Retydlng Prolert Llrnlted
Trade ¢r¢diLors
Othcr creditors and a¢¢n￿lS
VAT control
Deferred grants
2.018
2,213
2,593
l i,O(M)
12.525
263
17,824
12,788
9. ANALYSIS OF MOVEMENf IN FUNDS
Totsl Funds
At l April
2021
Outgoing
Trnnsfers
At31
M*reh 2022
Analysis of Movenxnl In FuDd5
Restricted Funds
William Morris Big Local
The National L￿ttery Comrnunity
Fulld
Postcode Society Tn￿1
North London Waste Authoriry
Total Restritted FuTrds
21.520
121,520)
101.868 (101,868)
17,(KK)
117,000)
14,547
144,935
144.935
Unrestri<ted
General
Total Unrestricted Funds
101.547
101,547
87.827
87.827
(78.685
78,685
110.689
Total Funds
101.547
232.762
23,620)
110,689
Tbe N*ti•tt*l L￿ttery Fund- Greell Ch*thploth$
The National tATrttcry Comrnunity Fund was a rethricted grdnt for the FRP Green Champions pmject..
Willi#rTr Morris Big LK•l- Waltbam510w Tool Llbr*ry
The William MO￿•S P-ig Lo￿1 grant Wa5 a r¢51rictd.grant for development and delivery of Walibamstow Tool
Library.
Posieode Soelety Trnst- New FRP
The Postcode Society Trust grant W&5 a fEStricted bryanr for purchasing alxtter. greener van for FRP operation5.
North i•ndoTr Waste Authority- Let There Be Light
The North London W&%ie Authority grant was a restricted grdnt for delivering a textile Tecycling Commurtity
project called 'Lei Ther¢ B¢ Light,.
10. DIRECTORS AND RELATED PARTY TRANSACTIONS
There were Do pymeots made dwing tb¢ year to Directors a￿] rel￿ed p¥rtie5 (2021.. niD.