Charity number: 1160263
Company number: 09355505
(England and Wales)
## WasteAid UK
(A Company Limited by guarantee)
Report of the Trustees and Audited Financial Statements
For the year ended 31 December 2022
WasteAid UK Contents Page For the year ended 31 December 2022
|**CONTENTS**|**Pages**|
|---|---|
|**Reference and administrative details**|1|
|**Report of the Trustees**|2 - 4|
|**Independent Examiners Report to the Trustees**|5|
|**Statement of Financial Activities**|6|
|**Statement of Financial Position**|7|
|**Statement of Cashflows**|8|
|**Notes to the Financial Statements**|9 - 14|
## WasteAid UK Reference & Administrative Information For the year ended 31 December 2022
**Name of Charity** WasteAid UK **Charity registration number** 1160263 **Company registration number** 09355505 **Registered Office** 483 Green Lanes London NW13 4BS **Trustees** Ms S Widdowson Dr J M Straight Mr H Silenga [Resigned 11[th] October 2022] Mr C Deola Mr V Martinelli Ms H D Sacks **Chief Executive Officer** Ms C Turner-Bailes **Senior Finance Manager** Mr J Howell **Bankers** TSB Bank 120 George Street Edinburgh EH2 4LH **Accountants** Aspreys Accountants Dakota Brooklands Business Park Weybridge Surrey KT13 0YP
1
## WasteAid UK Report of the Trustees For the year ended 31 December 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102 – published in October 2019.
## **Chair's report**
2022 was a year full of opportunity for WasteAid and a year where much of the hard work put in during the two prior years came to fruition in the form of a significantly increased project portfolio, including several new partnerships. Additionally, learning from past experiences, WasteAid continued to refine and develop its programmes, improving them and making them fit for the future.
It was pleasing to increase the organisation’s reach and implement a broad spectrum of projects that significantly enhance WasteAid’s impact compared to previous years. WasteAid also started work in a new country, Egypt. The significant Huhtamaki-funded Circular Economy Network (CEN) wound down towards the middle of the year. Still, there was no notable reduction in income due to exciting new projects starting in the first quarter.
Overall, WasteAid continued on its growth trajectory adding new members to the staff team as project work increased. Notable new projects in the first quarter of 2022 were the CIWM-funded Circular Economy Network in The Gambia, the Dow Packaging-funded intervention in Aswan, Egypt (modelled on WasteAid’s bespoke CEN approach) which focused explicitly on flexible plastics and the UKRI and WRAP funded International Circular Plastics Flagship Competition in the Mpumalanga region of South Africa. Bunzl plc renewed its partnership with WasteAid for the third time, with a 24-month support programme for grassroots waste entrepreneurs in Cameroon and South Africa. At the same time, Biffa renewed its Proud Partnership for a fourth year and corporate partner Zumo continued with its programme of staff fundraising for WasteAid.
As 2022 progressed, the EU-funded organic waste project in The Gambia and the UKAid-funded recycled plastics programme in Cameroon were completed. In quarter three, the original Huhtamaki-funded Circular Economy Network came to a successful conclusion with an inspiring impact report and, more importantly, a model already replicated in other countries. Following the conclusion of this project, WasteAid was delighted that Huhtamaki Group decided to award it a further 24 months of funding for work supporting ‘wastepreneurs’ in the townships of Johannesburg, South Africa. Later in the year, WasteAid added another new partner to support its work in Cameroon; Partners Group, a global private markets investment manager, which has the potential to become a multi-year partnership.
WasteAid has continued to deepen its impact in many countries where it has worked, particularly in The Gambia and South Africa. It enjoys considerable engagement and formal partnerships with local authorities while delivering multiple projects. The Gambia has been an important country for WasteAid since the start as one of the first in which the organisation intervened and where WasteAid is well known to policymakers, local authorities, and various community groups. Due to the level of engagement that the organisation enjoyed there, the CIWM-funded CEN was deemed an appropriate strategy. Introducing the CEN was an excellent move by the organisation as the Minister of Environment personally championed the initiative, which gained overwhelming support from diverse stakeholders – governmental, commercial and community. By the end of 2022, the membership of the CIWM-funded Gambian CEN had grown to over 200 individuals, and WasteAid was applying both the good practice and lessons learned from the Huhtamaki-funded CEN in South Africa, India and Vietnam (2020-2022). The CEN approach is compelling and is based on local capacity building and responding to member-identified priorities through training, knowledge sharing and mentoring. The CEN also incorporates a competition that provides funding to fast-track local circular economy innovations through practical and financial support to entrepreneurs.
In South Africa, WasteAid was given an opportunity through WRAP and UKRI funding to test its whole systems approach to community waste management in Mpumalanga State. WasteAid was one of only six applicants selected to receive a year of funding to undertake a feasibility study into the options for plastic recycling value chains in a rural context, a project conducted in partnership with the University of Portsmouth. It incorporated several elements, including supporting the collection and recycling infrastructure, community behaviour change campaigns, business support to collector groups and the identification of end markets for products. The final report for this project will offer significant support to WasteAid’s ambitious scaling-up plans and should prove to be a replicable model.
The team remained relatively constant regarding staffing, with few changes, although there were some structural adjustments. Early in 2022, WasteAid increased its Senior Management Team to include a Head of Development to support WasteAid’s corporate partners and increase revenue through new corporate partnerships and trusts and foundations. The focus of this role was to further diversify WasteAid’s unrestricted funding, which is concentrated to a
2
great extent through Biffa’s annual support. Later in the year, WasteAid also introduced another new senior role, the Circular Economy and Waste Management Lead. This role was introduced to combine technical expertise in programme development and delivery and to contribute to the organisation’s external relations as an expert. Finally, Michelle Wilson, formerly the Circular Economy Network Director, was moved from leading the larger Huhtamaki CEN project (once it had concluded) into the Director of Programmes role, overseeing the entire programme portfolio.
Concerning external relations, WasteAid’s profile continued to rise, with its programmes featured on national television in some of the countries where we work and the Gambian organics programme being reported on by the BBC. The senior team continued to be sought after in terms of speaking at industry conferences and on expert panels. Finally, the Biffa WasteAid Gala in Oxford in May 2022 raised £104,000 for WasteAid in one night, which was a phenomenal achievement. WasteAid is further grateful to Biffa for their support of this event.
Overall, 2022 was once again a busy and rewarding year for WasteAid, and the organisation continues to grow but also deepen its impact in the countries where it is present.
WasteAid thanks all its partners, supporters, and donors for their continued support during 2022 and looks forward to continued support.
## **OBJECTIVES AND ACTIVITIES**
The trustees confirm that in the year the charity has acted in line with its objects for public benefit. The charity’s website http://wasteaid.org sets out details.
## **PUBLIC BENEFIT**
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance by the charity commission for England.
## **FINANCIAL REVIEW**
Please refer to the Statement of Financial Activities on page 6 for a detailed summary of the financial activity during the year.
## **RESERVES POLICY**
The reserves target is set at 3 months’ worth of operating expenses to protect the charity from unnecessary risk and unforeseen circumstances, whilst also allowing it to invest and to deliver the charitable objectives effectively.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Board of trustees are responsible for determining the policies and strategic direction of the charity, and all major decisions are taken at Board level. It meets quarterly to review the charities’ activities and to track progress towards strategic targets. The Board delegates day-to-day running of the charity to a senior management team. New Trustees are recruited based on terms of reference for specific vacancies, typically when certain skill sets and experiences are sought by the Board. The Chair of the Board oversees all Trustee recruitment, with induction, orientation and training support provided by charity staff. The induction procedure provides new Trustees with information on their duties and obligations within the governing body.
WasteAid’s day-to-day activities are overseen by a senior management team comprising a Chief Executive, Director of Programmes, Senior Finance Manager, Circular Economy Lead, Head of Development and Head of Programmes Quality and Impact. The Board of Trustees is consulted annually in the development of the charity’s annual operating plan.
## **STATEMENT OF MAJOR RISKS**
WasteAid’s approach to risk management is proactive and fully integrated into the charity’s day-to-day operations. The charity maintains a comprehensive register of risks (governance, operational, financial, regulatory and external risks), and maintains mitigation controls and contingency plans. This register is reviewed and updated quarterly by the senior management team and the Board. The main risks to WasteAid’s work is identified by the Board as follows:
Safeguarding – WasteAid works closely with communities at the forefront of the climate crisis, including vulnerable adults and children. To ensure the safety and wellbeing of beneficiaries, WasteAid has a Safeguarding policy in place, ensuring all staff and contractors sign a code of conduct and conducts training for in-country partners. These practices are reviewed quarterly by the Board.
Beneficiary and partner health – Due to the operational activities WasteAid undertakes, including work at dumpsites, it is key to mitigate health and safety risks to beneficiaries and partners. To minimise any risk, WasteAid has a health and safety policy shared with relevant stakeholders and is reviewed regularly. WasteAid also have relevant insurance policies in place and maintain close liaison with partners for information sharing and risk mitigation planning.
3
## WasteAid UK Report of the Trustees (continued) For the year ended 31 December 2022
## **RESPONSIBILITIES OF THE TRUSTEES**
The Trustees, who are also directors for the purposes of company law, are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards and statements of recommend practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that this basis applies.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the auditor is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by the Board of Trustees and signed on its behalf by
Jonathan Straight
……………………………
## Dr J M Straight
23 Aug 2023
4
## WasteAid UK Independent Examiners Report to the Trustees For the year ended 31 December 2022
Aspreys Accountants, being a member of the ICAEW, report to the trustees on their examination of the accounts of the charitable company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’)
Having satisfied ourselves that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of your charity’s accounts carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out our examination we have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in Section 145 of the 2011 Act. We confirm that we are qualified to undertake by virtue of our membership of the ICAEW, which is one of the listed bodies.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
**1.** Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or **2.** The accounts do not accord with those records; or
**3.** The accounts do not comply with the requirements of section 396 of the 2006 Act 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
**4.** The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
We 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.
Aspreys Accountants Dakota Brooklands Business Park Weybridge Surrey KT13 0YP
## 23 Aug 2023
5
## WasteAid UK Statement of Financial Activities
## For the year ended 31 December 2022
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2022**|**2021**|
||**Notes**|**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Charitable Activities|2|317,327|640,568|957,895|911.690|
|||--------------------|--------------------|--------------------|--------------------|
|**Total income**||**317,327**|**640,568**|**957,895**|**911,690**|
|||==========|==========|==========|==========|
|**Expenditure on:**||||||
|Charitable Activities||(142,339)|(704,082)|(846,421)|(598,419)|
|Other expenditure||(75,913)|(8,665)|(84,578)|(67,110)|
|||--------------------|--------------------|--------------------|--------------------|
|**Total resources expended**||**(218,252)**|**(712,747)**|**(930,999)**|**(665,529)**|
|||--------------------|--------------------|--------------------|--------------------|
|**Net income/expenditure**||||||
|**before transfers**||**99,075**|**(72,179)**|**26,896**|**246,161**|
|**Net transfers between funds**||39,148|(39,148)|-|**-**|
|**Transfer adjustment**||(65,663)|65,663|-|**-**|
|||--------------------|--------------------|--------------------|--------------------|
|**Net movement in funds**||**72,560**|**(45,664)**|**26,896**|**246,161**|
|||---------------------|---------------------|---------------------|---------------------|
|**Reconciliation of funds**||||||
|Total funds brought forward||31,369|249,664|281,033|34,872|
|||--------------------|--------------------|--------------------|--------------------|
|**Total funds carried forward**||**103,929**|**204,000**|**307,929**|**281,033**|
|||--------------------|--------------------|--------------------|---------------------|
The statement of financial activities includes all gains and losses recognised in the year and therefore a statement of comprehensive income has not been prepared.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
6
## WasteAid UK Statement of Financial Position As at 31 December 2022
|**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Stock and WIP
Debtors
6
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
7
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Restricted income funds
Unrestricted income funds
**Total funds**|**2022**
**£**
**2021**
**£**
3,670
913
**3,670**
**913**
18,224
37,033
59,832
282,500
608,544
**337,757**
**668,376**
(33,498)
(388,256)
**304,259**
**280,120**
**307,929**
**281,033**
**307,929**
**281,033**
103,929
249,664
204,000
31,369
**307,929**
**281,033**|
|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Jonathan Straight
……..............................................................
Dr J M Straight Trustee
23 Aug 2023
7
WasteAid UK Statement of Cash Flows As at 31 December 2022
|**Notes**
**Net cash flow from operating activities**
**Cash flow from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Change in cash and cash equivalents in**
**the year**
Cash and cash equivalents brought forward
**Cash and cash equivalents carried**
**forward**
11|**2022**
**£**
(321,760)
(4,284)
**(4,284)**
608,544
**282,500**|**2021**
**£**
340,874|
|---|---|---|
|||-|
|||**-**|
|||267,670|
|||**608,544**|
8
WasteAid UK Notes to the Financial Statements For the year ended 31 December 2022
## **1. Accounting Policies**
## **1.1 Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 – published in October 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
WasteAid UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2 Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted income funds are those donated for use in a particular area for a specific purpose, the use of which is restricted to that area or purpose.
## **1.3 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
## - It relates to a booking for a future period
- The donor specifies that the grant or donation must only be used in future accounting periods; or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **1.4 Resources expended**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable that settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributable to particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the income split of the relevant charitable activities.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
9
## WasteAid UK Notes to the Financial Statements (Continued) For the year ended 31 December 2022
Governance costs include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.
## **1.5 Going concern disclosure**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.6 Tangible fixed assets**
Tangible fixed assets with a value above £500, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment – 25% Straight line
## **1.7 Stock and WIP**
Stock and WIP represents ongoing construction of a recycling facility in Cameroon, funded by a donor. Once completed it will be passed over to a local organisation for their use.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
10
## WasteAid UK Notes to the Financial Statements (Continued) For the year ended 31 December 2022
## **2. Income from charitable activities**
|**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
Charitable activities and services
317,327
640,568
**317,327**
**640,568**
**Funding sources are detailed below:**
- Non-profit income
-
3,000
- Corporate donations
87,989
594,403
- Biffa donations (including Gala Dinner)
172,576
-
- Trusts and foundations
5,000
-
- Individual donations
51,338
-
- Uncategorised sources
424
43,165
**317,327**
**640,568**|**2022**
**£**
957,895
**957,895**
3,000
682,392
172,576
5,000
51,338
43,589
**957,895**|**2021**
**£**
911,690
**911,690**
75,000
705,024
75,835
5,000
45,325
5,506
**911,690**|
|---|---|---|
## **3. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
|Accountancy fees – charity compliance
Auditors’ fees – including accountancy support
Depreciation|**2022**
**£**
3,234
2,994
1,527
**7,755**|**2021**
**£**
3,312
5,400
456|
|---|---|---|
|||**9,168**|
Charitable activities and other expenditure are broken down between support and governance costs as follows:
Support costs unrestricted £206,116 (2021: £178,831) Governance costs unrestricted £12,136 (2021: £8,712)
Support costs restricted £712,747 (2021: £477,986) Governance costs restricted £nil (2021: £nil)
## **4. Staff costs and emoluments**
Total staff costs for the year ended 31 December 2022 were:
|Salaries and wages
Social Security
Pension Costs
Agency staff|**2022**
**£**
324,762
37,526
7,492
76,660
**446,440**|**2021**
**£**
265,223
27,737
6,154
27,574|
|---|---|---|
|||**326,688**|
The average number of persons employed by the Charity during the year was as follows:
|Administrative|**2022**
**£**
11
**11**|**2021**
**£**
7|
|---|---|---|
|||**7**|
Three employees received remuneration amounting to between £60,000 - £69,999 (2021: 1). Total remuneration received by management personnel in the year amounted to £332,254 (2021: £271,377).
Trustee Remuneration and expenses £nil (2021: £nil)
11
## WasteAid UK Notes to the Financial Statements (Continued) For the year ended 31 December 2022
## **5. Tangible fixed assets**
|**Cost or valuation**
At 01 January 2022
Additions
At 31 December 2022
**Depreciation**
At 01 January 2022
Charge for year
At 31 December 2022
**Net book values**
At 31 December 2022
At 31 December 2021
**.**
**Debtors**
**Amounts due within one year:**
Prepayments and accrued income
Other debtors
**. Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**Computer**
**Equipment**
**£**
1,825
4,284
6,109
912
1,527
2,439
**3,670**
**913**
**2022**
**£**
18,820
18,213
**37,033**
**2022**
**£**
11,239
22,259
**33,498**|**2021**
**£**
53,424
6,408
**59,832**|
|---|---|---|
||||
|||**2021**
**£**
6,765
381,491|
|||**388,256**|
## **6. Debtors**
## **7. Creditors: amounts falling due within one year**
Accruals and deferred income above includes £Nil (2021: £366,000) relating to deferred income. This deferred income relates to grants received during the year however relating to specific projects/services which will be undertaken in 2023.
## **8. Movement in funds**
|**Unrestricted funds**|**Balance at**|**Incoming**|**Outgoing**||**Transfer**|**Balance at**|
|---|---|---|---|---|---|---|
||**01/01/2022**|**Resources**|**Resources**|**Transfers**|**Adjustment**|**31/12/2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|General|31,369|317,327|(218,252)|39,148|(65,663)|103,929|
|**Unrestricted funds –**|**Balance at**|**Incoming**|**Outgoing**|||**Balance at**|
|**previous year**|**01/01/2021**|**Resources**|**Resources**|**Transfers**||**31/12/2021**|
||**£**|**£**|**£**|**£**||**£**|
|General|31,834|191,289|(187,543)|(4,211)||31,369|
## **Purpose of unrestricted Funds**
Funds which can be used for general running and governance of the charity
12
## WasteAid UK Notes to the Financial Statements (Continued) For the year ended 31 December 2022
||**Balance at**|**Incoming**|**Outgoing**||**Transfer**|**Balance at**|
|---|---|---|---|---|---|---|
||**01/01/2022**|**Resources**|**Resources**|**Transfers**|**Adjustment**|**31/12/2022**|
|**Restricted funds**|**£**|**£**|**£**|**£**|**£**|**£**|
|Bunzl plc|8,205|82,500|(53,286)|(7,262)|-|30,157|
|CIWM CEN Gambia-|75,000|60,048|(61,400)|(3,258)|-|70,390|
|Comply Direct|-|3,000|-|-|-|3,000|
|DOW CAF Egypt|86,297|7,092|(87,294)|(6,095)|-|-|
|FCDO – Kenya|2,613|-|(2,972)|-|359|-|
|FCDO- Cameroon|-|(25,661)|5,177|-|20,484|-|
|GCCA Gambia|18,655|8,999|(32,900)|-|5,246|-|
|Huhtamaki|38,999|350,000|(371,548)|(57,025)|39,574|-|
|Huhtamaki II|-|37,625|(703)|-|-|36,922|
|Partners Group|-|44,360|(3,839)|(430)|-|40,091|
|SJP MBG Gambia|11,325|7,000|(3,455)|-|-|14,870|
|Wrap SA|-|61,395|(96,317)|34,922|-|-|
|Other (inc <£10,000)|8,570|4,210|(4,210)|-|-|8,570|
||**249,664**|**640,568**|**(712,747)**|**(39,148)**|**65,663**|**204,000**|
|**Restricted funds –**|**Balance at**|**Incoming**|**Outgoing**|||**Balance at**|
|**previous year**|**01/01/2021**|**Resources**|**Resources**|**Transfers**||**31/12/2021**|
||**£**|**£**|**£**|**£**||**£**|
|Bunzl plc|-|37,500|(29,295)|-||8,205|
|CIWM CEN Gambia|-|75,000|-|-||75,000|
|DOW CAF Egypt|-|86,297|-|-||86,297|
|FCDO – Gambia|-|(4,211)|-|4,211||-|
|FCDO – Kenya|-|17,836|(15,223)|-||2,613|
|FCDO- Cameroon|-|74,472|(74,472)|-||-|
|GCCA Gambia|-|57,462|(38,807)|-||18,655|
|Huhtamaki|-|348,436|(309,437)|-||38,999|
|Other (inc <£10,000)|3,038|10,609|(5,077)|-||8,570|
|SJP MBG Gambia||17,000|(5,675)|**-**||11,325|
||**3,038**|**720,401**|**(477,986)**|**4,211**||**249,664**|
## Details of the funds are listed below:
- Bunzl plc – Supporting a plastic waste collection and recycling programme in Cameroon, training young people in waste management and recycling skills. Training and mentorship programme for people working in the informal waste sector, to professionalise and support entrepreneurial activity in the town-ships of Johannesburg.
- CIWM CEN Gambia – Building a circular economy network with local authorities and private sector entities and supporting waste management knowledge and grassroots innovation in the Greater Banjul area.
- DOW CAF Egypt – Building a circular economy network with local actors and private sector entities and supporting waste management knowledge and grassroots innovation in Aswan, Egypt.
- GCCA Gambia – Delivering an organic waste project in partnership with a local municipal council to deal with market food waste and support women market gardeners to use waste to compost and benefit from increased crop yield.
- FCDO – Kenya – Supporting a community waste collection and recycling facility.
- FCDO – Cameroon – Supporting community waste management and ocean plastics prevention.
- Huhtamaki – Creating a circular economy network in India, Vietnam and South Africa and supporting grass roots innovation to reduce waste.
- Huhtamaki II - Training and mentorship programme for people working in the informal waste sector, to professionalise and support entrepreneurial activity in the town-ships of Johannesburg.
- SJP MBG is an initiative to provide follow on business training for some participants in WasteAid’s SCCF Gambia that was completed in 2020.
- WRAP (UKRI) – South Africa - A feasibility study to trial building of a circular economy for recyclable materials in a peri-urban/rural location of SA.
- Partners Group – Cameroon - Training local people in the collection and recycling of plastics, and supporting the creation of a plastic recycling facility in Douala, Cameroon.
13
## WasteAid UK Notes to the Financial Statements (Continued) For the year ended 31 December 2022
## **9. Analysis of net assets between funds**
||**Tangible**|**Net Current**||
|---|---|---|---|
||**Fixed Assets**|**Assets**|**Net Assets**|
||**£**|**£**|**£**|
|Unrestricted funds|3,670|100,259|103,929|
|Restricted funds|-|204,000|204,000|
||**3,670**|**304,259**|**307,929**|
|**revious year**||||
||**Tangible**|**Net Current**||
||**Fixed Assets**|**Assets**|**Net Assets**|
||**£**|**£**|**£**|
|Unrestricted funds|913|30,456|31,369|
|Restricted funds|-|249,664|249,664|
||**913**|**280,120**|**281,033**|
## **Previous year**
## **10. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation/Amortisation charges
Decrease/(increase) in stock/WIP
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided/(spent) by operating activities**|**2022**
**£**
26,896
1,527
(18,224)
22,799
(354.758)
**(321,760)**|**2021**
**£**
246,161
456
-
(22,313)
116,570|
|---|---|---|
|||**340,874**|
## **11. Analysis of cash and cash equivalents**
|Cash in hand
**Total**|**2022**
**£**
282,500
**282,500**|**2021**
**£**
608,544|
|---|---|---|
|||**608,544**|
## **12. Related party transactions**
There were no related party transactions in the year (2021: none)
## **13. Controlling party**
The charity is managed by the elected board of trustees.
14
## **Issuer**
Aspreys Accountants
**Document generated** Tue, 15th Aug 2023 15:11:21 UTC
**Document fingerprint** 856d58985900e2e9f6b26591ef787bf6
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Wed, 23rd Aug 2023 20:10:06 UTC Thu, 24th Aug 2023 11:12:22 UTC Thu, 24th Aug 2023 11:12:22 UTC
Dr Jonathan Straight - Signer (5806e83f283b8e4c6d66b52faaa607e8) Duncan Finn - Signer (492e0924fa6ccca842479a7440785f3b) Dan Medlen - Copied In (1a7545a11bb46dda7275feb1a53ef69e)
## **Audit history log**
## **Date**
## **Action**
Thu, 24th Aug 2023 11:12:23 UTC Thu, 24th Aug 2023 11:12:23 UTC Thu, 24th Aug 2023 11:12:22 UTC Thu, 24th Aug 2023 11:12:22 UTC Thu, 24th Aug 2023 11:12:22 UTC Thu, 24th Aug 2023 11:11:45 UTC Wed, 23rd Aug 2023 20:10:07 UTC Wed, 23rd Aug 2023 20:10:07 UTC Wed, 23rd Aug 2023 20:10:07 UTC Wed, 23rd Aug 2023 20:10:06 UTC Wed, 23rd Aug 2023 20:09:17 UTC Wed, 23rd Aug 2023 15:15:08 UTC Wed, 23rd Aug 2023 15:15:06 UTC Mon, 21st Aug 2023 15:14:10 UTC Mon, 21st Aug 2023 15:14:08 UTC Sat, 19th Aug 2023 15:13:10 UTC Sat, 19th Aug 2023 15:13:09 UTC Thu, 17th Aug 2023 15:12:08 UTC Thu, 17th Aug 2023 15:12:07 UTC Tue, 15th Aug 2023 15:11:31 UTC
Duncan Finn viewed the envelope. (31.48.122.200) Document emailed to party email (35.176.232.36) This envelope has been signed by all parties (31.48.122.200) Sent the envelope to Dan Medlen for signing (31.48.122.200) Duncan Finn signed the envelope (31.48.122.200) Duncan Finn viewed the envelope. (31.48.122.200) Dr Jonathan Straight viewed the envelope. (62.30.200.35) Document emailed to party email (13.40.109.142) Sent the envelope to Duncan Finn for signing (62.30.200.35) Dr Jonathan Straight signed the envelope (62.30.200.35) Dr Jonathan Straight viewed the envelope. (62.30.200.35) Document emailed to party email (3.9.29.174) Sent Dr Jonathan Straight a reminder to sign the document. () Document emailed to party email (18.130.88.250) Sent Dr Jonathan Straight a reminder to sign the document. () Document emailed to party email (3.9.18.0) Sent Dr Jonathan Straight a reminder to sign the document. () Document emailed to party email (18.133.204.120) Sent Dr Jonathan Straight a reminder to sign the document. () Document emailed to party email (3.9.188.171)
Tue, 15th Aug 2023 15:11:22 UTC Tue, 15th Aug 2023 15:11:22 UTC
Tue, 15th Aug 2023 15:11:22 UTC Tue, 15th Aug 2023 15:11:22 UTC Tue, 15th Aug 2023 15:11:22 UTC Tue, 15th Aug 2023 15:11:22 UTC Tue, 15th Aug 2023 15:11:22 UTC
Tue, 15th Aug 2023 15:11:21 UTC
Sent the envelope to Dr Jonathan Straight for signing. (18.130.165.217) Envelope has been set to automatically remind the active signer every 2 day(s). (18.130.165.217) Dan Medlen has been assigned to this envelope. (18.130.165.217) Duncan Finn has been assigned to this envelope. (18.130.165.217) Dr Jonathan Straight has been assigned to this envelope. (18.130.165.217) Envelope generated. (18.130.165.217) Document generated with fingerprint 856d58985900e2e9f6b26591ef787bf6. (18.130.165.217) Envelope generated with fingerprint
0d878862d840b6292e711e4663623375 (35.176.231.177)