Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England & Wales) Report ofthe Trustees, and Unaudited FinanciaL Statements forthe Year Ended 31 October 2024 for WEEE CHARITY
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &WaLesl COMPANY INFORMATION Trustees, A Hilton IAppointed 14109120231 A Brock (Appointed 1410912023) S Bennett (Appointed 14109120231 C Preston (Appointed 14109120231 Charlty Number 1169658 {Engiand & Wales) Charity Address 11 Tanningcourt Warrington WA12HF age
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &Wales} CONTENTS OF THE FINANCIAL STATEMENT Trustee's Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement 9-16
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 {England &WaLes) TR TEE ' REPORT The trustees present their annual report and financial statements for the year ended 31 October 2024. 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 preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. 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 f inancial h8rdsh ip by the recycling and provision of electrical and electronic items. The prevention and reliefof poverty in Warrington and other parts of the UK as theTrustees 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 Businesses are continuing to use our services to recycle off ice equipment. We are able to use this equipmentto provide good quality affordable equipment to those on limited budgets. Ou r 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 ofthem 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 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 sponsorshipfor 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. 41Page
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &Walesl TRUSTEES, REPORT CONTINUED Financial review The Charity's total income for the year ended 31 October 2024 was £282,456. Total expenditure was £275.972 resulting in a profit of £6,484. The total of the unrestricted general funds carried forward at 31 October 2024 was £17,081. It is the policy of the charity that unrestricted fu nds 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 sign ifica nt d rop 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 signif icantly 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,
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England & Wales) TRUSTEES, REPORT NTINUED 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: A Hilton A Brock S Bennett C Preston IAppointed 14 September 20231 IAppointed 14 September 20231 IAppointed 14 September 20231 IAppointed 14 September 20231 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 i nterest 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 benef icial interest in the charity. The trustees, report was approved by the Board of Trustees. A Hilton Trustee Date.. age
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 IEngLand & Wales) INDEPENDENT EXAMINERS REPORTTO THETRUSTEES OFWEEE CHARITY I report to the trustees on my examination of the financial statements of WEEE Charity for the year ended 31 October 2024 Responsibilities and basis of the report As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements ofthe Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent Examiner's Statement I have cornpleted my examination and confirm that no material 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 Trust as required by section 130 of the Act., or 2. The accounts do not accord with those records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in the report in orderto enable a proper understanding of the accounts to be reached.
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 IEngLand & Watesl STATEMENT OF FINANCIAL ACTIVIT ES FOR THE YEAR ENDED 31 OCTOBER 2024 UNRESTRICTED UNRESTRICTED FUNDS FUNDS 2024 2023 Notes Income from: Charitable Activities 282,456 202,244 Total Income 282,456 202,244 Expenditure on: Raising Funds 11,571 Charitable Activities 275,972 214,129 Total Expenditure 275,972 225,700 Net expenditure and movement in funds 6,484 123,4561 Reconciliation of Funds Fundba13nces of l November 2023 10,597 34,053 Fund balances at 31 October 2024 17,081 10,597
Financial Statements for WEEE Charity as at 31 October 2024 Charity Registration Number 1169658 IEngLand & Wales) BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 Noles Flxed Assets rangibleAsseis 5,408 6,410 io Current Asset5 Debtors Cash 3tbankandin hand li 3,451 13.787 11,673 17,238 Credltors.. amounts falllng due wlthln one year 113.0511 Net current assets 11,873 4,187 Total a5sels less current Ilabllltles 17,081 10,597 Thefunds ol the charlty UnresrrictsdFunds 13 17.081 10,597 The financial statements vvere approved and signed by A Hilton Truste8 Date
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England & Wales) NOTE NANCIAL STATEMENT FOR THE YEAR ENDED 31 CTOBER 2024 1. Accounting policies Charlty 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" 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 Irela nd IFRS 1021" The charity is a Public Benef it Entity as def ined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare 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 ofthe Statement of Recommended Practice, which is referred to in the Regulations, but which has since been withdrawn. The f inancial 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. The principal accounting policies adopted are set out below. 1.2 Going concern These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the trustees are aware of certain material uncertainties which may cause doubt on the charity's abiLity to continue as a going concern. 1.3 Charitable funds U nrestricted fu nds are available f or use at the discretion of the trustees in fu rtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the fi n8ncial statements. Endowrnent funds are subject to specific conditions by donors that the capital must be maintained by the charity.
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England & Wales) NOTES TO FINANCIAL STATEMENTS CONTINUED 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 atthe time ofthe donation, Legacies are recognised on receipt orotherwise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. Ifthe amount is not known, the legacy is treated as a contingent asset
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &Walesl NOTES TO FINANCIAL STATEMENTS CONTINUED 1 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benef it to a th ird party, it is probable that a transfer of econom ic 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. Di rect 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 based on 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 ofdepreciation and any impairment losses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment Fixtures and f ittings Computers Motor vehicles 250/0 on cost 250/0 on reducing balance 25% on reducing balance 250/0 on cost The gain or loss arisingon the disposalof 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 to determine the extent of the impairment loss lif anyl. 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.
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &Walesl NOTES TO FINANCIAL STATEMENTS CONTINUED 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther 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 a n intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 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 usingthe effective interest method unless the arrangement constitutes a fi nancing transaction, where the transaction is measu red 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 amortis8d. Basic flnancial liabilitles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing trans8Ction, 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 i nitially at transaction price and subseq uently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabi lities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 {England & WaLes) NOTES TO FINANCIAL STATEMENTS CONTINUED 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 aboutthe 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 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 aff ects only that period, or in the period of the revision and futu re periods where the revision aff ects both current and future periods. 141 Qage
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 {England & WaLesl NOTES TO FINANCIAL STATEMENTS CONTINUED 3. Chafltable actlvities Charltable Activities 2024 Charltable Activities 2023 Online Sales Shoplncome Sale olscrap Granllncome 214,223 47,705 19,552 976 99,276 82. 130 20,838 282,456 202,244 4. Expendllure of ialslngfunds Uniestrl¢ted Funds Unresirl¢ted Funds 2024 2023 Trading Cosfs Orher fradingAcriwries 11,571 5. Charltable Actlvltles Charltable Expendlture 2024 Charltable Expendlture 2023 Staff Costs Depreciarion andlmpalrment Insurance LighlandHeat Telephone Printing& Stationery EquipmentHire Subsistence Postage & Carriage Charges Moror & fravel Expenses Repairs & Maintenance Irconsumables andsofhvare Subscriprions Renrofpremises Professional Fees Rates Hotel & Accommodation Cleaning Expenses Other Chariraole Expenditure 164,713 1,003 2,664 4,978 2,343 144 379 3,259 17,948 33,540 2,726 135,721 1.452 2,509 10.756 1.207 3,269 1,366 37,887 47 744 108 17,322 4.108 1,467 2.813 2,373 14,085 14,781 1,224 3.166 275,972 214,129 N.B These 3re ourtigures takenfrom Information we have re¢eived from openingbalance flgures FY23
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 {England & Wales) NOTES TO FINANCIAL STATEMENTS CONTINUED 6. Net Movement In FUNIS 2024 2023 The net movement in funds is ststed aner chargingicrediting Feespayable for the indepeTrYentexamination of the charities linanClsta1ernents 600 6CQ Depreciation of owned tangit4e fixed assets 1,003 1.452 7. Trustees None ofihe trusiees (or anypersons connected with fhem) have recewedanyremuneration orbenelits from tne charityduringtheyear 8. Employees 2024 Number 2023 Nwnber The average monthlynumberof employees during ihe ar was.. Employment Cosls 2024 2023 Wages and Salaries IE4.713 135,721 Therewere no empioyeeswhose annual remuneration was more than £80,000 Remuneration ol keymanagementpersonnel was as follows 2024 2023 Aggregate Compensat 43,124 9.Taxation The chaiity is exemptfrom taxation on its acijvilies because ali of their income is aptAied for charitable purposes
Financial Statements forWEEE Charity as at 31 October 2024 Charity Registration Number 1169658 (England &Wales) NOTES TO THE FINANCIAL STATEMENTS CONTINUED 10. Tangible Fixed Assets Plant and Equlpment Flxture5 and Flttlngs Computers Motor Vehlcles Toial Cost At l November 2023 7,974 1,332 4,733 7,938 21,977 At 31 October 2024 7,974 1,332 4,733 7,938 21.977 08preclatlon and Impalrment At l November 2023 Depre¢latlon charged Inlhe year 3,810 1.095 2.924 7,938 15,567 665 68 270 1.003 At 31 October 2024 4.275 1,163 3,194 7,938 16,570 CarrylngAmouni At 31 October 2024 3,700 169 1,539 5,408 At 31 Ociober 2023 4,364 237 1.809 8.410 11. Debtors 2024 2023 Amounts falling duewiihin one year Prepayment5 and accrued Income 3,451 12. Credllors Amounts falling due within one year 2024 2023 Other Taxation & Social Security Accruals and deleried income 11,927 8,195 4,856 13,051