WRAP to become a charity ‘by the end of March 2015’
The Waste & Resources Action Programme (WRAP) expects to be fully certified as a charity ‘by the end of March 2015’, CEO Dr Liz Goodwin has outlined.
Writing in the Chief Executive statement for the ‘Annual Report and Consolidated Accounts for the year ended 31 March 2014’, Goodwin referred to the organisation’s bid to achieve charitable status (first announced in February) stating: ‘We have decided to make the transition to become registered as a charity. We expect the process to be complete by the end of March 2015. Achieving charitable status is just part of our strategy for diversifying our funding base. There is much more that we need to do to explore and exploit other models but it is an important step.’
It is thought that WRAP will need to rely heavily on external sources of funding in future, especially as the body will only receive £17.6 million of grant funding from Defra for the year 2014/15, dropping to £15.5 million the year after, due to ‘pressure on public finances’.
Zero Waste Scotland, the Scottish branch of WRAP has now broken away from WRAP and will operate as a corporation henceforth. It appointed Vic Emery, the former Managing Director of BAE Systems Warship Division, as Chairman earlier this month.
Goodwin emphasized however that WRAP will continue to work in partnership with other organisations to ‘maximise the effectiveness and value for money of what [WRAP does]’. (The report outlined that WRAP will ‘concentrate its resources on delivery of our core business collaborative change programmes including the Courtauld Commitment and the successful Love Food Hate Waste and Recycle consumer campaigns’.)
Other details from the report include:
- for 2013/14, WRAP’s income was £65.4m, of which the majority (98.9 per cent) was grant funding from government and EU sources;
- over 95 per cent of WRAP’s income was reportedly spent on delivering WRAP’s programmes of work (such as the £10 million Anaerobic Digestion Loan Fund and £15 million Rural Community Renewable Energy Loan Fund), including attributable staff and overhead cost;
- CEO Liz Goodwin was paid £188,000 in 2013/14, while Director Jonathan Lea was paid £132,000;
- after taxation, the surplus for the financial year came to £553,000;
- WRAP’s greenhouse gas emissions decreased by around three per cent in 2013/14 (from 764 tonnes to 747 tonnes of carbon dioxide equivalent), due to ‘a decrease in commuting emissions and electricity and gas usage’; and
- WRAP Chairman Peter Stone confirmed that he will be retiring at the Annual General Meeting ‘in the Autumn’ after six years as WRAP Chairman.