WRAP’s income fell 18% to £65.6m between 2011/12 and the previous year due to its grant being cut, the not-for-profit company has announced.
The annual report and consolidated accounts, published by WRAP on 8 August, said funding cuts meant £62.8m was spent on programmes compared to £77.2m in 2010/11.
The report said: “The reduction in income compared to the previous year reflects the reduction in grant funding following the Government Spending Review.”
Staffing costs received a relatively modest 3.9% cut from £2.7m to £2.5m with senior management maintaining comparable salaries with the previous year.
Chief executive Liz Goodwin’s total remuneration, excluding pension contributions, was £186,000, compared to £185,000 in 2010/11.
Developments highlighted during 2011/12 show that WRAP:
- Published research showing food waste fell from 8.3m to 7.2m tonnes a year
- Handed a £1.15m loan to ECO Plastics to help it extend its existing bottle sorting and processing facility in Lincolnshire
- Published research which showed almost a quarter of waste electrical and electronic equipment thrown out each year by consumers could be reused, generating more than £220m in the process.
- Published research showed that buying reused items like sofas and TVs instead of new was saving UK households around £1bn a year and creating jobs - but said it was just a fraction of the potential.
WRAP’s independent auditors gave the company a clean bill of health.
- MRW has a contract with WRAP for materials pricing reports.
You might also like...
UK achieves packaging target despite fall in recovery
Latest Defra figures on packaging waste show the UK achieved a recycling rate of 64.1% in 2017.
Biffa to set up joint venture for £15m PET recycling plant
Biffa has posted what it called “solid” half-year financial results despite a fall in profits, as the company announces a £15m investment in a PET bottle recycling plant.
Growth in Viridor EfW revenue adds to profits
Viridor has posted a rise in underlying profit in its first half of 2018-19, as increasing revenue from energy from waste (EfW) offset lower recycling income resulting from China’s waste import restrictions.
England reaches bottom of home nation recycling league
The latest Defra household recycling statistics have shown Wales, Scotland and Northern Ireland are now ahead of England for the first time.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.