Shareholder Committee	31 October 2022
Report of the Chief Finance Officer

Yorwaste Ltd Finance Update

Purpose of Report    

1. To consider reports from Yorwaste providing the year end trading position and accounts for the 2021/22 financial year as well as an update on trading information for 2022/23.

Recommendations

2. Note the reports from Yorwaste Ltd attached at annex 1 to this report.

Reason: To ensure the Council is updated on the financial performance of Yorwaste Ltd.

Background and analysis

3. Yorwaste was established as a Local Authority Waste Disposal Company owned fully by North Yorkshire County Council in 1991 to manage the council’s landfill sites. In 1996 as part of Local Government Review City of York Council became a 22.27% shareholder of the company. The company provides services to York relating to Transfer Stations, processing recyclates, garden waste and management and transport of waste at the two Household Waste Sites. They also provide similar services within North Yorkshire County Council. 

4. The Yorwaste board is made up of council representatives of the two authorities and also independent board members. The representatives from City of York Council are currently Cllr A. Waller and the Corporate Director of Place, Neil Ferris. The company is a Teckal company whereby over 80% of its revenues come from its local authority owners.

5. The 2021/22 financial accounts are provided to the committee and the latest trading update for the company is shown at Annex 1.

Risk Management

6. There are no specific risk issues arising from this report.

Implications

7. There are no financial, legal, HR, equalities, crime and disorder, information technology, property or other implications arising from this report.

Author:	Chief Officer responsible for the report:
Patrick Looker Head of Service Finance Email patrick.looker@york.gov.uk	Debbie Mitchell Chief Finance Officer
	Report Approved	x	Date	30 Sept 2022
Wards Affected:  All
For further information please contact the author of the report

Annex 1 – Annual Report and Financial Statements Year Ended 31 March 2022