Company registration number: CE029748 Charity registration number: 1199690
Recycling in Ottery
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025
Easterbrook Eaton Limited Old Fore Street Sidmouth Devon EX10 8LS
Recycling in Ottery
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustee's Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
Recycling in Ottery
Reference and Administrative Details
Charity Registration Number 1199690 Company Registration Number CE029748 The charity is incorporated in England and Wales. Registered Office The Old Station Centre Yard St Saviours Depot Ottery St Mary Devon EX11 1RE Independent Examiner Easterbrook Eaton Limited Old Fore Street Sidmouth Devon EX10 8LS
Page 1
Recycling in Ottery
Trustee's Report
The member, a director for the purposes of company law, presents the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.
Objectives and activities
Objects and aims
The objectives of the CIO, to be carried out in East Devon and the surrounding area, are 1) The protection and preservation of the environment for the public benefit through the promotion of re-use and recycling as a means of waste disposal and by advancing public education in matters relating to re-use and recycling
2) The relief of financial hardship for the public benefit by making donations of safe and clean recycled and reused furniture, clothes and household items to individuals in financial need, including but not limited to refugees, homeless people, care leavers, students, people setting up homes after a period of homelessness, or people escaping domestic abuse, and/or organisations established to support them.
Public benefit
The objective of the CIO is to recycle, re-use and re-sell items donated by the general public at affordable prices. The CIO will support relief from poverty, reduce landfill, advance education and community development on the subject of climate change through the promotion of volunteers and workshops.
The trustee confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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Recycling in Ottery
Trustee's Report
Achievements and performance
The beginning of 2025 saw RIO in a precarious financial position. Our van needed expensive repairs, the buildings also needed repairs. Footfall was slowed, and our costs were rising as were so many other small charities and businesses. We lost one of our valued trustees to ill health. We focussed on a rebuilding strategy using the limited resources at our disposal. The question arose as to whether RIO would survive.
It was decided to utililise social media as a platform to advertise and gain local support. This initially began with a platfrom on Facebook, and weekly posts showcasing some of our stock. Our team worked incredibly hard doing this. Our footfall began to increase as more became aware of us; in turn this began to have a positive effect on our takings.
In August we were on a more stable but still precarious financial footing and it was decided to streamline our outgoings further, in addition to utilising volunteers to promote our social media page, which had seen a significant increase in traffic both in relation to visitors to our page and footfall to the yard.
As a team we decided to focus our efforts into promoting a shop area displaying some of our higher priced items. This has been an ongoing project and has also translated into rearranging other areas of the yard in order to make our stock more accessible and highlighting our more desirable donation items. Footfall has increased across all areas in the yard and can be evidence by the increase in daily takings.
We were also fortunate in our application to promote ourselves on local radio, which received a good response, in addition to the introduction of a "Go Fund me" page, and a "Cash for coins" initiative, it also attracted attention from local groups who wanted to donate to our charity, and enable us to utilise other income streams rather than solely depending on yard takings.
Our annual attendance at the music festival saw us double our yearly takings at this event, which in part was due to a more organised process of selection appropriate donations and reduced overheads. This has enabled us to office paid part-time employment to one of our volunteers, who is now administrative co-ordinator. They have focused on website creation, creation of further social media platforms eg instagram and TikTok, allowing us to promote the work we undertake as a charity. By linking together all platforms and website, we have been able to increase our takings further via selling higher cost items on these pages, and has had the additional benefit or more visible presence in the local community. Increased visibility has enabled us to work with and donate to more local groups, for example we are able to donate school uniforms to a local group the "ottery larder" who distribute them to local families. In addition to making contact with and supporting local groups who collect for Refugees and the homeless, thereby promoting the circular economy and keeping items from landfill.
In November we conducted a customer questionnaire initiative both on line and in the yard, the feedback from this has been overall very positive, enabling a fuller picture of areas of dissatisfaction and look at ways we can focus on enhancing the services we provide.
Plans for the forthcoming year are to focus on making grant applications, exploring the potentials of recycling workshops, library of things that members of the local community can hire out equipment for low cost, extending links with the local community and working in collaboration with local groups and intiatives. Attracting more volunteers and extending our online sales and presence; in addition to building RIO in the community hub for the local community to benefit from.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustee: Ms K Campbell
Page 3
Recycling in Ottery
Trustee's Report
Structure, governance and management
Nature of governing document
Recycling in Ottery is a Charitable Incorporated Organisation registered with The Charity Commission
Recruitment and appointment of trustee
New Trustees will be appointed as and when a vacancy occurs
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustee, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustee's responsibilities
The trustee (who is also the director of Recycling in Ottery for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Page 4
Recycling in Ottery
Trustee's Report
Company law requires the member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the member is required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The member is responsible for keeping proper accounting records that can 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. She is 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.
The trustee is responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the member of the charity on 15 December 2025 and signed on its behalf by:
......................................... Ms K Campbell Trustee
Page 5
Recycling in Ottery
Independent Examiner's Report to the trustee of Recycling in Ottery ('the Company')
I report to the charity trustee on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity’s trustee of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself 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, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
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:
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accounting records were not kept in respect of Recycling in Ottery as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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
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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 (FRS 102)].
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.
......................................
Mr W Boyd for and on behalf of Easterbrook Eaton Limited Chartered Accountants
Old Fore Street Sidmouth Devon EX10 8LS
15 December 2025
Page 6
Recycling in Ottery
Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 Note Income and Endowments from: Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 9 |
Unrestricted funds £ 84,412 84,412 (86,011) (86,011) (1,599) (1,599) (4,567) (6,166) Unrestricted funds £ 85,162 85,162 (87,278) (87,278) (2,116) (2,116) (2,451) (4,567) |
Total 2025 £ 84,412 |
|---|---|---|
| 84,412 | ||
| (86,011) | ||
| (86,011) | ||
| (1,599) | ||
| (1,599) (4,567) |
||
| (6,166) | ||
| Total 2024 £ 85,162 |
||
| 85,162 | ||
| (87,278) | ||
| (87,278) | ||
| (2,116) | ||
| (2,116) (2,451) |
||
| (4,567) |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 9.
The notes on pages 9 to 13 form an integral part of these financial statements. Page 7
Recycling in Ottery
(Registration number: CE029748) Balance Sheet as at 31 March 2025
| Note Current assets Cash at bank and in hand 7 Creditors: Amounts falling due within one year 8 Net liabilities Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 9 |
2025 £ 3,404 (9,570) (6,166) (6,166) (6,166) |
2024 £ 5,174 (9,741) |
|---|---|---|
| (4,567) | ||
| (4,567) | ||
| (4,567) |
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 13 were approved by the , and authorised for issue on 15 December 2025 and signed on her behalf by:
......................................... Ms K Campbell Trustee
The notes on pages 9 to 13 form an integral part of these financial statements. Page 8
Recycling in Ottery
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: The Old Station Centre Yard St Saviours Depot Ottery St Mary Devon EX11 1RE
These financial statements were authorised for issue by the trustee on 15 December 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Recycling in Ottery 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 notes.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable 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 attributed 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 spread of staff costs.
Page 9
Recycling in Ottery
Notes to the Financial Statements for the Year Ended 31 March 2025
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 costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
3 Income from charitable activities
| Total for 2025 Total for 2024 |
Unrestricted funds General £ 84,412 84,412 85,162 |
Total funds £ 84,412 |
|---|---|---|
| 84,412 | ||
| 85,162 |
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Recycling in Ottery
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Expenditure on raising funds
Total costs £
5 Expenditure on charitable activities
| Note Governance costs 6 Total for 2025 Total for 2024 |
Unrestricted funds General £ 84,691 1,320 86,011 87,278 |
Total funds £ 84,691 1,320 |
|---|---|---|
| 86,011 | ||
| 87,278 |
Total expenditure £
In addition to the expenditure analysed above, there are also governance costs of £1,320 (2024 - £1,920) which relate directly to charitable activities. See note 6 for further details.
6 Analysis of governance and support costs
Governance costs
| Audit fees Other fees paid to auditors Total for 2025 Total for 2024 7 Cash and cash equivalents Cash on hand Cash at bank |
Unrestricted funds General £ 1,320 1,320 1,920 2025 £ 45 3,359 3,404 |
Total funds £ 1,320 |
|---|---|---|
| 1,320 | ||
| 1,920 | ||
| 2024 £ 233 4,941 |
||
| 5,174 |
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Recycling in Ottery
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals 9 Funds Unrestricted funds General Unrestricted funds General |
Balance at 1 April 2024 £ (4,567) Balance at 1 April 2023 £ (2,451) |
Incoming resources £ 84,412 Incoming resources £ 85,162 |
2025 £ 1,554 160 6,536 1,320 9,570 Resources expended £ (86,011) Resources expended £ (87,278) |
2024 £ 1,620 265 6,536 1,320 |
|---|---|---|---|---|
| 9,741 | ||||
| Balance at 31 March 2025 £ (6,166) |
||||
| Balance at 31 March 2024 £ (4,567) |
10 Analysis of net assets between funds
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 3,404 (9,570) (6,166) Unrestricted funds General £ 5,174 (9,741) (4,567) |
Total funds at 31 March 2025 £ 3,404 (9,570) |
|---|---|---|
| (6,166) | ||
| Total funds at 31 March 2024 £ 5,174 (9,741) |
||
| (4,567) |
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Recycling in Ottery
Notes to the Financial Statements for the Year Ended 31 March 2025
11 Analysis of net funds
| 11 Analysis of net funds | ||
|---|---|---|
| Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
At 1 April 2024 £ 5,174 5,174 At 1 April 2023 £ 2,851 2,851 |
At 31 March 2025 £ 5,174 |
| 5,174 | ||
| At 31 March 2024 £ 2,851 |
||
| 2,851 |
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Recycling in Ottery
Statement of Financial Activities by fund for the Year Ended 31 March 2025
Unrestricted Funds
| Unrestricted Funds | ||
|---|---|---|
| Income and Endowments from: Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2025 £ 84,412 84,412 (86,011) (86,011) (1,599) (1,599) (4,567) (6,166) |
Total Unrestricted Funds 2024 £ 85,162 |
| 85,162 | ||
| (87,278) | ||
| (87,278) | ||
| (2,116) | ||
| (2,116) (2,451) |
||
| (4,567) |
This page does not form part of the statutory financial statements. Page 14
Recycling in Ottery
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Income and Endowments from: Charitable activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2025 £ 84,412 84,412 (86,011) (86,011) (1,599) (1,599) (4,567) (6,166) |
Total 2024 £ 85,162 |
|---|---|---|
| 85,162 | ||
| (87,278) | ||
| (87,278) | ||
| (2,116) | ||
| (2,116) (2,451) |
||
| (4,567) |
This page does not form part of the statutory financial statements. Page 15
Recycling in Ottery
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Charitable activities Primary purpose trading Grants receivable Charitable activities Wages and salaries Rent Rates Light, heat and power Insurance Repairs and maintenance Telephone and fax Computer software and maintenance costs Printing, postage and stationery Sundry expenses Waste disposal Motor expenses Advertising Bookkeeping fees Credit card charges Bank charges Accountancy fees |
Total 2025 £ 84,412 - 84,412 (53,381) (4,980) - (2,324) (3,681) (1,740) (823) (1,464) (231) (442) (1,577) (4,488) (1,410) (6,300) (1,321) (529) (1,320) (86,011) |
Total 2024 £ 83,162 2,000 |
|---|---|---|
| 85,162 | ||
| (53,359) (4,980) (147) (1,908) (3,194) (824) (732) (1,459) (86) (359) (1,900) (6,503) (1,718) (6,300) (1,399) (490) (1,920) |
||
| (87,278) |
This page does not form part of the statutory financial statements. Page 16