DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
**Charity registration number 1169658**
## **WEEE CHARITY**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022**
DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** M Cozens C Jones **Charity number** 1169658 **Principal address** 11 Tanning Court Warrington WA1 2HF **Independent examiner** Smith & Goulding Limited 4 Southport Road Chorley Lancashire PR7 1LD
DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|
DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
The trustees present their annual report and financial statements for the year ended 31 October 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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)" (effective 1 January 2019).
## **Objectives and activities**
The charity's objects are :
The protection and preservation of the environment for the public benefit by the promotion of waste reduction, reuse, reclamation, recycling and use of recycled products.
The relief of financial hardship by the recycling and provision of electrical and electronic items. The prevention and relief of poverty in Warrington and other parts of the UK as the Trustees may determine, by providing grants, items and services to individuals in need and charities and other organisations working to prevent or relieve poverty.
To assist our volunteers back into paid employment where possible and to provide a supportive environment where volunteers can learn a range of useful skills.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
As previously reported, the Covid-19 pandemic had a significant impact on the activities of the charity in the 2020 and 2021 accounting periods. Opening times and operations have returned to normal for most of the October 2022 accounting period, however disruption was still experienced in the early part of the period. This disruption, combined with the end of any Covid support has resulted in the deficit reported for the period.
Businesses are continuing to use our services to recycle office equipment. We are able to use this equipment to provide good quality affordable equipment to those on limited budgets.
Our volunteers learn valuable skills, both involved in the recycling and refurbishment of computer equipment and in other valuable work skills which is important as some of them go on to seek paid employment.
The charity has important benefits for the local community both in terms of providing a viable recycling facility, thus reducing waste and also working with volunteers from the local community to increase employability skills and help to combat loneliness.
When surplus funds arise we make donations to charities whose objectives are in line with our own and we are also proud to provide sponsorship for a child abroad.
Volunteers come to us via Warrington Voluntary Action, the local Job Centre and The Prince's Trust. We are always grateful to our volunteers who help us meet our charitable purposes of recycling and reducing waste.
## **Financial review**
The Charity's total income for the year ended 31 October 2022 was £194,893. Total expenditure was £242,594 resulting in a deficit of £47,701 being deducted from the general funds.
The total of the unrestricted general funds carried forward at 31 October 2022 was £34,053.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Reserves has fallen below this level as at the end of the accounting period. Trustees and staff are actively engaged with plans to restore the level of reserves to the amounts required by the policy.
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust.
The trustees who served during the year and up to the date of signature of the financial statements were: M Cozens
C Jones
When appointing new trustees we consider the skills which they can contribute to the running of the charity to ensure we have a broad range of skills available to us. We always welcome interest from potential trustees.
The charity is run on a day-today basis by two paid Charity Managers who manage a team of staff and volunteers. None of the trustees has any beneficial interest in the charity.
The trustees' report was approved by the Board of Trustees.
.............................. M Cozens
## **Trustee**
30 August 2023
Date: .............................................
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEEE CHARITY**
I report to the trustees on my examination of the financial statements of Weee Charity (the charity) for the year ended 31 October 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
## **Andrew Simm FCA**
## **Smith & Goulding Limited**
4 Southport Road Chorley Lancashire PR7 1LD 31 August 2023 Dated: .........................
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
|||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2022**|**2021**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|-|2,500|
|Charitable activities|**4**|194,893|256,364|
|**Total income**||194,893|258,864|
|**Expenditure on:**||||
|Raising funds|**5**|9,120|3,121|
|Charitable activities|**6**|233,474|215,138|
|**Total expenditure**||242,594|218,259|
|**Net (expenditure)/income for the year/**||||
|**Net movement in funds**||(47,701)|40,605|
|Fund balances at 1 November 2021||81,754|41,149|
|**Fund balances at 31 October 2022**||34,053|81,754|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **BALANCE SHEET**
## _**AS AT 31 OCTOBER 2022**_
|**2022**
**Notes**
**£**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
3,855
Cash at bank and in hand
33,398
37,253
**Creditors: amounts falling due within**
**one year**
**12**
(11,062)
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**£**
7,862
26,191
34,053
34,053
34,053|**2021**
**£**
10,212
71,864
82,076
(6,066)|**£**
5,744
76,010|
|---|---|---|---|
||||81,754|
||||81,754|
||||81,754|
30 August 2023
The financial statements were approved by the Trustees on .........................
..............................
M Cozens
## **Trustee**
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **1 Accounting policies**
## **Charity information**
Weee Charity is a public benefit entity under FRS 102.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
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.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
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.
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 25% on cost Fixtures and fittings 25% on reducing balance Computers 25% on reducing balance Motor vehicles 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Total **|**Unrestricted**|
|---|---|---|
|||**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Donations and gifts|-|2,500|
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **4 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**activities**|**activities**|
||**2022**|**2021**|
||**£**|**£**|
|Online sales|105,584|61,196|
|Shop income|71,519|52,473|
|Sale of scrap|17,790|24,237|
|Grants received|-|118,458|
||194,893|256,364|
## **5 Raising funds**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Trading costs|||
|Purchases|9,120|3,121|
||9,120|3,121|
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **6 Charitable activities**
||**Charitable**|
**Charitable**|
|---|---|---|
||**expenditure**|**expenditure**|
||**2022**|**2021**|
||**£**|**£**|
|Staff costs|151,736|148,377|
|Depreciation and impairment|1,567|3,333|
|Insurance|3,161|2,181|
|Light and heat|6,914|2,672|
|Telephone|2,748|3,630|
|Printing and stationery|99|642|
|Food for volunteers|632|404|
|PayPal charges|-|195|
|Postage and carriage charges|6,545|5,567|
|Motor and travel expenses|40,321|23,031|
|IT consumables and software|886|591|
|Rent of premises|14,284|17,819|
|Professional fees|3,000|5,552|
|Other charitable expenditure|1,581|1,144|
||233,474|215,138|
||233,474|215,138|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries|**2022**
**Number**
9
**2022**
**£**
151,736|**2021**
**Number**
10|
|---|---|---|
|||**2021**
**£**
148,377|
There were no employees whose annual remuneration was more than £60,000.
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DocuSign Envelope ID: 8BC6F183-32F4-40E3-9CE2-EDB3F2228EDC
## **WEEE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2022**_
## **9 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **10 Tangible fixed assets**
|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers Motor**
**£**
**£**
**£**
**Cost**
At 1 November 2021
6,386
1,332
2,635
Additions
1,588
-
2,098
At 31 October 2022
7,974
1,332
4,733
**Depreciation and impairment**
At 1 November 2021
1,949
910
1,750
Depreciation charged in the year
891
106
571
At 31 October 2022
2,840
1,016
2,321
**Carrying amount**
At 31 October 2022
5,134
316
2,412
At 31 October 2021
4,437
422
885
**11**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Accruals and deferred income|**vehicles**
**£**
7,938
-
7,938
7,938
-
7,938
-
-
**2022**
**£**
-
-
3,855
3,855
**2022**
**£**
6,622
-
4,440
11,062|**Total**
**£**
18,291
3,686|
|---|---|---|
|||21,977|
|||12,547
1,568|
|||14,115|
|||7,862|
|||5,744|
|||**2021**
**£**
4,117
6,095
-|
|||10,212|
|||**2021**
**£**
2,824
362
2,880|
|||6,066|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
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