**Circularity Foundation Trustees Annual Report for the period 6[th] April 2021 - 5[th] April 2022**
Name: Circularity Foundation
Charity Commission Registration Number: 1185507
Date Registered: 26[th] September 2019
Registered Address: 25 The Birchlands, Forest Town, Mansfield NG19 0ER
Trustee Names (and Roles): Ian Richard Hammond (Chair); Rosie Kushner Dowen (Treasurer); Neil Roy Pitcairn (Trustee); & Dr John Murdo MacLeod Webb (Trustee)
Organisation Type: Charitable Incorporated Organisation (CIO)
Management / Governance: The charity is governed by the Trustees and managed in conjunction with Only Solutions LLP in accordance with the CIO's constitution (dated 26[th] September 2019).
Charitable Object: The object of the CIO is to advance education for the public benefit in the circular economy and related topics of sustainable and prudent resource use, in particular but not exclusively through workshops, conferences, seminars, lectures and undertaking and disseminating research.
Use of the term 'Circular Economy': For the purposes of the CIO's charitable object, the 'circular economy' means an alternative to the traditional linear economy ('make, use, dispose') where resources are kept in use for as long as possible, with the maximum value extracted whilst in use, and products and materials recovered and regenerated at the end of each service life.
What the charity does: Provides education including through designing, delivering, learning from, and disseminating the learning from workshops, conferences, seminars, lectures and research associated with the circular economy and related topics such as sustainability and prudent resource use.
Who the charity helps: Other charities and voluntary bodies, and the general public
How the charity helps: Provides services; provides advocacy, advice, and information; sponsors and/or undertakes research; and acts as an umbrella or resource body.
Where the charity operates: Throughout England
Achievements during the period covered by this Trustees Annual Report (TAR): Despite ongoing limitations due to Covid, good progress was made with organisational development during this accounting period. The Circularity Foundation engaged with a number of potential project partners and potential funders. This resulted in the charity securing a number of funding agreements, including with The Orp Foundation, although some of our funding requests were unsuccessful (e.g. to the Environmental Funders Network’s Rapid Response Fund). Engagement also gave rise to a piece of research on carbon capture being produced in conjunction with Zero Waste Europe (for which the charity was paid £4,161).
During this accounting period the charity also started to make outgoing payments in earnest, the bulk of which (amounting to more than £10,000) paid to Only Solutions LLP in accordance with financial arrangements agreed by the charity’s Trustees to cover the production of the carbon capture report, alongside the provision of core secretariat services, the development of the educational programme and associated discussion group, and website design, development, and maintenance of the site at https://www.circularityfoundation.org.uk/ The charity also successfully registered with HMRC for Gift Aid status.
The charity was represented at an Open Dialogues on Climate Change that took place virtually on 14[th] August 2021, and as contributors to the Scottish Government’s Waste Targets Route Map, in conjunction with Zero Waste Scotland.
## Financial Review:
During the period 6[th] September 2021 - 5[th] April 2022:
- The charity received a total of £19,881 in grants and donations, comprising a once-off donation of £220 from an individual, and £19,661 in grant funding, including £10k from The Orp Foundation, £5k from NPT, £4,161 from Zero Waste Europe, and £500 from UKWIN.
- Expenses incurred by charity amounted to £10,271, comprising £10,100 for Only Solutions LLP, and the remainder in bank charges (£102) and volunteer expenses (£69).
The charity has yet to formulate a reserves policy.
Note: None of the charity's funds are held as a custodian trustee on behalf of others.
**Charity Name No (if any) Circularity Foundation 1185507 Receipts and payments accounts** Period start date Period end **For the period from To** date **6[th] April 2021 5[th] April 2022**
## **CC16a**
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted funds**
**to the nearest £**
**220**
**500**
**5,000**
**-**
**-**
**-**
**-**
**-**
**£5,720**|**Restricted funds**
**to the nearest £**
**10,000**
**4,161**
**-**
**-**
**-**
**-**
**-**
**-**
**£14,161**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**funds**
**to the**
**nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**£19,881**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|
|Donations|**220**|**10,000**|**-**|**-**|**-**|
||**500**|**4,161**|**-**|**-**|**-**|
||**5,000**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**-**|**-**|**-**|**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**£5,720**|**£14,161**|**-**|**£19,881**|**£0**|
**A2 Asset and investment sales, (see table).**
||**-**||**-**||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||**-**||**-**||||
||**-**||**-**||||||**-**||
||||||**-**||**-**||||
|**_Sub total_**|
**£5,720**||**£14,161**||**-**||**£19,881**||**£0**||
||||||||||||
|**_Total receipts_**|**£5,720**||**£14,161**||**-**||**£19,881**||**£0**||
|**A3 Payments**|||||||||||
|Bank charges|**£102**||**-**||**-**||**-**||**£84**||
|Volunteer Expenses|**£69**||**-**||**-**||**-**||**£0**||
|Only Solutions for the production of|||||||||||
|Carbon Capture paper in accordance|||||||||||
|with specifications provided by Zero|||||||||||
|Waste Europe|||**£3,000**||**-**||**-**||**-**||
|Only Solutions for the provision of core|||||||||||
|secretariat services to the charity|**-**||**£2,600**||**-**||**-**||**-**||
|Only Solutions for the development of|||||||||||
|the organisation and the organisation's|||||||||||
|educational programme|**-**||**£3,000**||**-**||**-**||**-**||
|Only Solutions for website design and|||||||||||
|development|**-**||**£1,500**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub total_**|||||||||||
||**£171**||**£10,100**||**-**||**£10,271**||**£84**||
||||||||||||
|**A4 Asset and investment**|||||||||||
|**purchases, (see table)**|||||||||||
||**-**||**-**||**-**||**-**||||
||**-**||**-**||**-**||**-**|||
|---|---|---|---|---|---|---|---|---|---|
|**_Sub total_**||||||||||
||**-**||**-**||**-**||**-**||**-**|
|**_Total payments_**|**£171**||**£10,100**||**-**||**£10,271**||**£84**|
|**_Net of receipts/(payments)_**|**£5,549**||**£4,061**||**-**||**£9,610**||**-**|
|**A5 Transfers between funds**||||||||||
||**-**||**-**||**-**||**-**||**-**|
|**A6 Cash funds last year end**||||||||||
||**£916**||**-**||**-**||**£916**||**-**|
|**_Cash funds this year end_**|**£6,465**||**£4,061**||**-**||**£10,526**||**£916**|
## **Section B Statement of assets and liabilities at the end of the period**
**Categories**
**B1 Cash funds**
|**f assets and liabilities at the end of**|**the period**|||
|---|---|---|---|
|**Details**
Bank account balance
**_Total cash funds_**
(agree balances with receipts and payments account(s))
**Dil**|**Unrestricted**
**funds**
**to nearest £**
**£6,465**
**-**
**-**
**£6,465**
OK
**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**
**£4,061**
**-**
**-**
**£4,061**
OK
**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
(agree balances with receipts and payments account(s)) **Details**
## **B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the charity’s own use**
## **Details**
## **Details**
|**-**||**-**||**-**|
|---|---|---|---|---|
|**-**||**-**||**-**|
|**-**||**-**||**-**|
|**-**||**-**||**-**|
|**-**||**-**||**-**|
|**-**||**-**||**-**|
|**Fund to which**
**asset belongs **
**Fund to which**
**asset belongs **|**Cost**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Cost**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**|**Current value**
**(optional)**|
|---|---|---|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**-**|
|||**Current value**
**(optional)**|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|
**B5 Liabilities**
**Signed by one or two trustees on behalf of all the trustees**
**Fund to which Amount due When due (optional) Details liability relates (optional) - - - - -**
Signature Print Name Date of approval Rosie Dowen 23[rd] August 2022