## **Worshipful Company of Environmental Cleaners Charitable Trust Trustees' report for the year ended 31 Mar 2025** 

The Trustees present their annual report together with the financial statements of The Worshipful Company of Environmental Cleaners’ Charity Trust (the Charitable Trust) for the year ended 31 March 2025. The Trustees confirm that the Annual report and financial statements of the Charitable Trust comply with the current statutory requirements, the requirements of the Charitable Trust's governing document and the provisions of the Statement of Recommended Practice (SORP), 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** 

## **a. Policies and objectives** 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charitable Trust commission relating to public benefit. 

Against this background, the objectives of the Charitable Trust are as follows. 

“The Trustees shall out of the income of the Charitable Trust defray the expenses of the administration of the fund and subject thereto shall hold the same upon trust for such of the following objects and in such shares and proportions as they think fit that is to say: (a) the relief of poor persons engaged in the cleaning industry, commerce and the public service and the wives, widows, children and other dependents of such persons being in necessitous financial circumstances; (b) the furtherance of education and training in connection with the 

advancement of hygiene within the community; and (c) the benefit of such charitable institutions purpose or purposes in such shares between them if more than one as the Trustees with the consent of the Worshipful Company of Environmental Cleaners shall from time to time think fit with power of such consent as aforesaid (but with prejudice to the generality of the foregoing) to apply the whole of any part or parts or such income in or towards the establishment of any charitable institution or organisation.” 

The Charitable Trust has a clear vision: 

“The Charitable Trust aims to be the leading facilitator of Environmental / Cleaning related charitable activities. The Charitable Trust will achieve this by leveraging the resources, funds and pro bono skills of the Cleaning Sector (commercial organisations, professional bodies and individuals), by partnering with carefully selected charities and by the generosity and charitable activities of all of the Company’s membership.” 

## **b. Strategies for achieving objectives** 

At the core of our strategy the Charitable Trust builds ongoing relationships with organisations to provide multiyear funding.  These relationships allow the Trustees to work with the organisations they are funding to ensure our objectives are reached. 



Additionally, each year the Trustees consider new applications.  If approved the impact of these grants is reviewed to consider whether further support is appropriate. 

## **c. Activities for achieving objectives** 

The Trustees are reviewing the application process to ensure that it is both rigorous but not onerous for applicants. 

A review of how grants are assessed is underway and will be reported on in the next financial year. 

## **Fundraising** 

The Charitable Trust relies on the generosity of members of the Worshipful Company of Environmental Cleaners.  A review of existing donors has been undertaken to encourage support. Regular communication of the impact of grants is communicated to the members. 

## **Grant Making** 

The Trustees started a review into the grant making strategy with a view to ensure maximum impact.  The review was completed over the last 12 months. Geographical cover was reviewed; and it was decided that beneficiaries with links to London were most appropriate, although other beneficiaries with clear links to the activities of the Charitable Trust were to be considered. Grant sizes were considered and appropriateness of grants in respect of the activities. 

A full list of grant recipients is below. 

## **Processes and operational** 

The Trustees wanted the following principles to be embedded in our activities: 

- Create a clear story for our donors – members, trusts and companies. 

- Our grant making process should reflect the sector’s best practice, commensurate with our size. 

- Our application process must be robust but also not a barrier 

## **d. Main activities** 

The Charitable Trust operates by making grants to other educational and charitable organisations to achieve the Charitable Trust’s objectives 

In the 2024 financial year the level of grants increased from £43,506 to £57,409. This is increase was partly due to reinstating lapsed grants, and partly due to receiving more requests than in the previous financial year. 

## **e. Grant making policies** 

The Trustees maintained their Grant Making policy with the following priorities: 



1. Education 

2. Young People 

3. Other Charities 

4. Trade / Families 

5. Military 

6. Medical 

7. Elderly 

## **Achievements and performance** 

## **a. Key financial performance indicators** 

The Charitable Trust is still in sound financial health and exceeded the budgeted plan in most areas.  The Charitable Trust’s reserves were in line with the Trustees’ goals and the cash flow remained positive throughout the period. 

## **b. Review of activities** 

In administering the Charitable Trust, the Board has complied with the duty in s.4, Charities Act 2006, to have regard to the public benefit guidance published by the Charitable Trust Commission. The following are reports on the activities undertaken for the public benefit in pursuit of the strategic objectives of the Charitable Trust: 

|75 (RAMC) SELACF Annual Donation|1,000.00|
|---|---|
|ATC 50F Camberwell and Lambeth Donation|1,000.00|
|Awards Others|1,257.48|
|Best Marine Cadet Prize|125.00|
|Best Sea Cadet Prize|125.00|
|Blind Veterans UK|2,500.00|
|City of London Boys School Bursary|8,000.00|
|City of London Freeman's School Prize|600.00|
|City of London Girls School Bursary|8,402.00|
|City of London Sweeper of the Year Prize|400.00|
|City of London Sweeper of the Year Runners Up Prize|200.00|
|Donations Other|22,200.00|
|Eric Hill Memorial Prize|500.00|
|Friends of St Olave's Church|1,000.00|
|Gifts to Company Widows|4,000.00|
|Livery Company Skills Council|100.00|
|Medical Detection Dogs|2,500.00|
|RAF EHT Prize|500.00|
|RAMC - Benevolent Fund Annual Donation|1,000.00|
|RAMC Junior NCO Prize|250.00|
|RAMC PGMO General Practice Prize|250.00|
|RAMC Senior NCO Prize|250.00|





RAMC TA EHO Forces Env. Health Award TS Narvik Bromley Sea Cadets **Total** 

250.00 1,000.00 **57,409.48** 

## **c. Fundraising activities/Income generation** 

The Charitable Trust raises funds from: 

- The membership of the Worshipful Company of Environmental Cleaners 

- Associated organisations 

- Event fundraising. 

## **d. Investment policy and performance** 

The investment portfolio is managed by Brewin Dolphin / Royal Bank of Canada.  The Trustees meet regularly with them to ensure that the investment policy is followed. 

The portfolio generated an income of £36,248 during the year. 

## **e. Factors relevant to achieve objectives** 

The Members of the WCEC Livery are the main source of funds and volunteer support to the Charitable Trust.  The Charitable Trust is deeply indebted to the generosity of the members of the WCEC Livery. 

## **Financial Review** 

## **a. Going concern** 

After making appropriate enquiries, the trustees have a reasonable expectation that the Charitable Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. 

## **b. Reserve policy** 

The Trustees’ policy is to aim for two years’ free reserves. Free reserves are designated as funds not allocated for future projects and not in the endowment. 

## **c. Financial summary** 

In the year ended 31st March 2025 the Charitable Trust generated a surplus of £2,975 (2024: £14,100) which included net gain on investments of £13,764 (2024: £76,573). The Trustees therefore consider that the operating surplus was £16,739 (March 2024:  £90,673). 



The Expendable Endowment Fund carried forward was stated at £1,259,924. Unrestricted Funds carried forward were £110,395 which represents 16.5 months’ running costs. 

## **d. Principal funding** 

The Charitable Trust has three main sources of funding: 

- a. Donations from members of the WCEC Livery 

- b. Investment income 

- c. Events and partner organisations 

## **e. Material investments policy** 

See Investment Policy above. 

## **Structure, governance and management** 

## **a. Constitution** 

The Charitable Trust is registered as a Charitable Trust set up by a Trust Deed. 

## **b. Method of appointment or election of Trustees** 

The management of the company is the responsibility of the Trustees who are elected and coopted under the terms of the Trust deed.  Trustees are expected to serve 3 year terms that may be extended. 

## **c. Policies adopted for the induction and training of Trustees** 

New Trustees who have not previously been Charitable Trust Trustees are given copies of relevant Charitable Trust Commission publications as part of their induction process. Briefing sessions with key members of the Charitable Trust are given to all new Trustees.  There have been two Trustees appointed since the last report. 

## **d. Pay policy for senior staff** 

The Charitable Trust does not have any paid employees.  It pays the Worshipful Company of Environmental Cleaners for administrative support. 

## **e. Organisational structure and decision making** 

Responsibility for the strategic management of the Charitable Trust and key operational decisions rests with the Trustees, who meet regularly. 

## **f. Related party relationships** 



The Court of Assistants of The Worshipful Company of Environmental Cleaners appoints the Trustees and is therefore a related party. 

## **g. Risk management** 

The Trustees are planning to review major risks to ensue that systems are in the place to mitigate them. 

## **h. Strategy** 

The Trustees continue to review strategy. 

## **Plans for future periods** 

## **a. Future developments** 

The Charitable Trust will complete its review of grant making continue to plan for the future.  The Trustees plan to raise the profile of the Charitable Trust within both the membership of the Company and the broader cleaning industry.  They wish to increase the impact of donations and gather case studies to be used to encourage donors to give more. 

## **Asset cover for funds** 

The Trustees confirm that assets are available and are adequate to fulfil the obligations of the Charitable Trust. 

## **Trustees’ responsibilities statement** 

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Trust and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these 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 judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 



- prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charitable company will continue in operation. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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. 

## **Independent examiners** 

The Independent examiners, V4th, have indicated their willingness to continue in office. The Trustees have approved a motion re-appointing the independent examiners at a meeting of the Trustees. 

This report was approved by the Trustees on 10[th] June 2025 and signed on their behalf by: 


M. O’Connor, Chairman 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

## **The Worshipful Company of Environmental Cleaners Charity Trust** 

## **Charity No. 271058** 

## **Trustees' Report and Unaudited Accounts** 

**31 March 2025** 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Contents** 

||Pages|
|---|---|
|Trustees' Annual Report|-|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Accounts|5 to 10|
|Detailed Statement of Financial Activities|11 to 12|



Page 1 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Independent Examiners Report** 

## **Independent Examiner's Report to the trustees of The Worshipful Company of Environmental Cleaners Charity Trust** 

I report to the trustees on my examination of the financial statements of The Worshipful Company of Environmental Cleaners Charity Trust for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I can 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: 

- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

- the financial statements do not accord with those records; or 

- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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. 

Sharon Prictoe ACCA FCCA V4th Limited Albany House 14 Shute End Wokingham Berkshire RG40 1BJ 10 June 2025 

Page 2 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Statement of Financial Activities** 

## **for the year ended 31 March 2025** 

|**Notes**<br>**Income and endowments**<br>**from:**<br>Donations and legacies<br>3<br>Other trading activities<br>4<br>Investments<br>5<br>**Total**<br>**Expenditure on:**<br>Raising funds<br>6<br>Charitable activities<br>7<br>Other<br>8<br>**Total**<br>Net gains on investments<br>**Net income**<br>Transfers between funds<br>**Net income before other**<br>**gains/(losses)**<br>**Other gains and losses**<br>Other Gains<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**||**Unrestricted**<br>**funds**|**Endowment**<br>**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|---|
|||**2025**|**2025**|**2025**|**2024**|
|||**£**|**£**|**£**|**£**|
|||||||
|||39,361|-|39,361|22,966|
|||3,764|-|3,764|16,835|
|||36,248|-|36,248|35,734|
|||79,373|-|79,373|75,535|
|||||||
|||9,067|-|9,067|8,263|
|||57,409|-|57,409|43,506|
|||9,922|-|9,922|9,666|
|||76,398|-|76,398|61,435|
|||-|-|-|-|
|||2,975|-|2,975|14,100|
|||-|-|-|-|
|||2,975|-|2,975|14,100|
|||||||
|||-|13,764|13,764|76,573|
|||2,975|13,764|16,739|90,673|
|||||||
|||107,420|1,246,160|1,353,580|1,262,907|
|||110,395|1,259,924|1,370,319|1,353,580|
|||||||
|||||||
|||||||



Page 3 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

## **The Worshipful Company of Environmental Cleaners Charity Trust** 

## **Balance Sheet** 

## **at 31 March 2025** 

|**Charity No. 271058**<br>**Fixed assets**<br>Tangible assets<br>10<br>Investments<br>11<br>**Current assets**<br>Debtors<br>12<br>Cash at bank and in hand<br>**Creditors:**Amount falling due within one year<br>13<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension asset or liability**<br>**Total net assets**<br>**The funds of the charity**<br>**Restricted funds**<br>14<br>Endowment funds<br>**Unrestricted funds**<br>14<br>General funds<br>**Reserves**<br>14<br>Revaluation reserve<br>**Total funds**|**2025**<br>**£**<br>5,625<br>1,330,176<br>1,335,801<br>2,899<br>32,269<br>35,168<br>(650)<br>34,518<br>1,370,319<br>1,370,319<br>1,370,319<br>1,259,924<br>1,259,924<br>205,819<br>205,819<br>(95,424)<br>(95,424)<br>1,370,319|**2024**<br>**£**<br>5,625<br>1,285,480|
|---|---|---|
|||1,291,105<br>3,657<br>67,811|
|||71,468<br>(8,993)|
|||62,475<br>1,353,580|
|||1,353,580|
|||1,353,580|
|||1,246,160|
|||1,246,160<br>202,844|
|||202,844<br>(95,424)|
|||(95,424)|
|||1,353,580|



Approved by the trustees on 10 June 2025 

And signed on their behalf by: 


M. O'Connor Trustee 10 June 2025 

Page 4 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

**The Worshipful Company of Environmental Cleaners Charity Trust Notes to the Accounts** 

## **for the year ended 31 March 2025** 

- 1 **Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

## **Change in basis of accounting or to previous accounts** 

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. 

## **Income** 

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets 

Page 5 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Notes to the Accounts** 

## **Expenditure** 

- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. 

- Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 

- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. 

- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. 

- Other expenditure These are support costs not allocated to a particular activity. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Stocks** 

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. 

## **Trade and other debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. 

## **Trade and other creditors** 

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## **Receipt of donated goods, facilities and services** 

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 

Page 6 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

## **The Worshipful Company of Environmental Cleaners Charity Trust** 

## **Notes to the Accounts** 

- 2 **Statement of Financial Activities - prior year** 

|2<br>**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**<br>Donations and legacies<br>Other trading activities<br>Investments<br>**Total**<br>**Expenditure on:**<br>Raising funds<br>Charitable activities<br>Other<br>**Total**<br>**Net income**<br>**Net income before other**<br>**gains/(losses)**<br>**Other gains and losses:**<br>Other Gains<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>3<br>**Income from donations and legacies**<br>4<br>**Income from other trading activities**|**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>22,966<br>16,835<br>35,734<br>75,535<br>8,263<br>43,506<br>9,666<br>61,435<br>14,100<br>14,100<br>-<br>14,100<br>93,320<br>107,420<br>**Unrestricted**<br>**£**<br>39,361<br>39,361<br>**Unrestricted**<br>**£**<br>3,764<br>3,764|**Endowment**<br>**funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>76,573<br>76,573<br>1,169,587<br>1,246,160<br>**Total**<br>**2025**<br>**£**<br>39,361<br>39,361<br>**Total**<br>**2025**<br>**£**<br>3,764<br>3,764|**Total funds**<br>**2024**<br>**£**<br>22,966<br>16,835<br>35,734|
||||75,535<br>8,263<br>43,506<br>9,666|
||||61,435|
||||14,100|
||||14,100<br>76,573|
||||90,673<br>1,262,907|
||||1,353,580|
||||**Total**<br>**2024**<br>**£**<br>22,966|
||||22,966|
||||**Total**<br>**2024**<br>**£**<br>16,835|
||||16,835|



Page 7 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

**The Worshipful Company of Environmental Cleaners Charity Trust** 

## **Notes to the Accounts** 

## 5 **Income from investments** 

|6<br>**Expenditure on raising funds**<br>_Investment management_<br>_costs_<br>7<br>**Expenditure on charitable activities**<br>_Expenditure on charitable_<br>_activities_<br>_Governance costs_<br>8<br>**Other expenditure**<br>Employee costs<br>General administrative costs<br>Legal and professional costs<br>9<br>**Staff costs**<br>Salaries and wages<br>No employee received emoluments in excess of £60,000.|**Unrestricted**<br>**£**<br>36,248<br>36,248<br>**Unrestricted**<br>**£**<br>9,067<br>9,067<br>**Unrestricted**<br>**£**<br>57,409<br>57,409<br>**Unrestricted**<br>**£**<br>7,000<br>97<br>2,825<br>9,922<br>**2025**<br>7,000<br>7,000|**Total**<br>**2025**<br>**£**<br>36,248<br>36,248<br>**Total**<br>**2025**<br>**£**<br>9,067<br>9,067<br>**Total**<br>**2025**<br>**£**<br>57,409<br>57,409<br>**Total**<br>**2025**<br>**£**<br>7,000<br>97<br>2,825<br>9,922|**Total**<br>**2024**<br>**£**<br>35,734|
|---|---|---|---|
||||35,734|
||||**Total**<br>**2024**<br>**£**<br>8,263|
||||8,263|
||||**Total**<br>**2024**<br>**£**<br>43,506|
||||43,506|
||||**Total**<br>**2024**<br>**£**<br>7,000<br>96<br>2,570|
||||9,666|
||||**2024**<br>7,000|
||||7,000|
|||||



Page 8 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Notes to the Accounts** 

## 10 **Tangible fixed assets** 

|**Cost or revaluation**<br>At 1 April 2024<br>At 31 March 2025<br>**Net book values**<br>At 31 March 2025<br>At 31 March 2024<br>11 **Investments**<br>**Cost or revaluation**<br>At 1 April 2024<br>Revaluation<br>At 31 March 2025<br>**Net book values**<br>At 31 March 2025<br>At 31 March 2024<br>12 **Debtors**<br>Trade debtors<br>Other debtors<br>13 **Creditors:**<br>amounts falling due within one year<br>Trade creditors<br>Accruals<br>Deferred income|**2025**<br>**£**<br>150<br>2,749<br>2,899<br>**2025**<br>**£**<br>650|**£**<br>5,625<br>5,625<br>5,625<br>5,625<br>**Other**<br>**investments**<br>**- Unlisted**<br>**£**<br>1,285,480<br>44,696<br>1,330,176<br>1,330,176<br>1,285,480|**£**<br>5,625|
|---|---|---|---|
||||5,625|
||||5,625|
||||5,625|
||||**Total**<br>**£**<br>1,285,480<br>44,696|
||||1,330,176|
||||1,330,176|
||||1,285,480|
||||**2024**<br>**£**<br>-<br>3,657|
||||3,657|
||||**2024**<br>**£**<br>643|
||-||1,600|
||-||6,750|
||650||8,993|



Page 9 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

## **The Worshipful Company of Environmental Cleaners Charity Trust** 

## **Notes to the Accounts** 

## 14 **Movement in funds** 

|**Restricted funds:**<br>**Endowment funds:**<br>_Total_<br>**Unrestricted funds:**<br>**General funds**<br>**Revaluation Reserves:**<br>Revaluation fund<br>_Total revaluation reserves_<br>**Total funds**|**At 1 April**<br>**2024**<br>1,246,160<br>1,246,160<br>202,844|**Incoming**<br>**resources**<br>**(including**<br>**other**<br>**gains/losses**<br>**)**<br>**£**<br>13,764<br>13,764<br>79,373|**Resources**<br>**expended**<br>**£**<br>-<br>-<br>(76,398)|**At 31**<br>**March**<br>**2025**<br>**£**<br>1,259,924|
|---|---|---|---|---|
|||||1,259,924|
|||||205,819|
||||||
||(95,424)<br>(95,424)<br>1,353,580|-<br>-<br>93,137|(76,398)|(95,424)|
|||||(95,424)|
||||||
|||||1,370,319|



Purposes and restrictions in relation to the funds: 

Revaluation reserves Represent the amount by which investments exceed their historical cost. 

## 15 **Analysis of net assets between funds** 

|Fixed assets<br>Investments<br>Net current assets<br>16 **Reconciliation of net debt**<br>Cash and cash equivalents<br>Net debt|**Unrestricted**<br>**funds**<br>**£**<br>5,625|**Endowment**<br>**funds**<br>**£**<br>-|**Total**<br>**£**<br>5,625|
|---|---|---|---|
||70,252|1,259,924|1,330,176|
||34,518<br>110,395<br>**At 1 April**<br>**2024**<br>**£**|-<br>1,259,924<br>**Cash flows**<br>**£**|34,518|
||||1,370,319|
||||**At 31**<br>**March**<br>**2025**<br>**£**|
||67,811|(35,542)|32,269|
||67,811<br>67,811|(35,542)<br>(35,542)|32,269|
||||32,269|
|||||



Page 10 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 **The Worshipful Company of Environmental Cleaners Charity Trust Detailed Statement of Financial Activities** 

## **for the year ended 31 March 2025** 

|**Income and endowments from:**<br>Donations and legacies<br>Other trading activities<br>Investments<br>**Total income and endowments**<br>**Expenditure on:**<br>Investment management costs<br>**Total of expenditure on raising**<br>**funds**<br>Charitable activities<br>**Total of expenditure on charitable**<br>**activities**<br>Employee costs<br>Salaries/wages<br>General administrative costs,<br>including depreciation and<br>amortisation<br>Bank charges<br>Legal and professional costs<br>Accountancy and bookkeeping<br>**Total of expenditure of other costs**<br>**Total expenditure**<br>Net gains on investments<br>|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>39,361<br>39,361<br>3,764<br>3,764<br>36,248<br>36,248<br>79,373<br>9,067<br>9,067<br>9,067<br>57,409<br>57,409<br>57,409<br>7,000<br>7,000<br>97<br>97<br>2,825<br>2,825<br>9,922<br>76,398<br>-<br>2,975|**Endowment**<br>**funds**<br>**2025**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Total funds**<br>**2025**<br>**£**<br>39,361<br>39,361<br>3,764<br>3,764<br>36,248<br>36,248<br>79,373<br>9,067<br>9,067<br>9,067<br>57,409<br>57,409<br>57,409<br>7,000<br>7,000<br>97<br>97<br>2,825<br>2,825<br>9,922<br>76,398<br>-<br>2,975|**Total funds**<br>**2024**<br>**£**<br>22,966|
|---|---|---|---|---|
|||||22,966|
|||||16,835|
|||||16,835|
|||||35,734|
|||||35,734|
|||||75,535<br>8,263|
|||||8,263|
|||||8,263<br>43,506|
|||||43,506|
|||||43,506<br>7,000|
|||||7,000|
|||||96|
|||||96|
|||||2,570|
|||||2,570|
||||||
|||||9,666|
|||||61,435<br>-|
|||||14,100|



## **Net income** 

Page 11 



Docusign Envelope ID: 101C0235-B6F1-492E-A6F4-B8CA51E20F49 

## **The Worshipful Company of Environmental Cleaners Charity Trust Detailed Statement of Financial Activities** 

|**Net income before other**<br>**gains/(losses)**<br>Other Gains<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**|2,975<br>-<br>2,975<br>107,420<br>110,395|-<br>13,764<br>13,764<br>1,246,160<br>1,259,924|2,975<br>13,764<br>16,739<br>1,353,580<br>1,370,319|14,100<br>76,573|
|---|---|---|---|---|
|||||90,673|
|||||1,262,907|
|||||1,353,580|



Page 12 



**The Worshipful Company of Environmental Cleaners Charity Trust Independent Examiners Report** 

## **Independent Examiner's Report to the trustees of The Worshipful Company of Environmental Cleaners Charity Trust** 

I report to the trustees on my examination of the financial statements of The Worshipful Company of Environmental Cleaners Charity Trust for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I can 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: 

- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

- the financial statements do not accord with those records; or 

- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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. 


Sharon Prictoe ACCA FCCA V4th Limited Albany House 14 Shute End Wokingham Berkshire RG40 1BJ 10 June 2025 

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