REGISTERED NUMBER: 2783331 (England and Wales)
THE NEWARK EMMAUS TRUST
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31$t MARCH 2024

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
CONTENTS OF THE FINANCIAL STATEMENTS .
FOR THE YEAR ENDED 315t MARCH 2024
Page
Company Inforn]ation
Trustees, Annual Report
3to9
Accountant's Report to the Board on the unaudited
accounts of The Newark Emmaus Trust
io
Statement of Comprehensive Income
(Including Income and Expenditure Account)
Statement of Financial Position
12
Statement of Changes in Reserves
13
Statement of Cash Flows
Notes to the Financial Statements
15to27
Detailed Income and Expenditure Account
(for management putposes only)
28
Page I

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
COMPANY INFORMATION
FOR THE YEAR ENDED 31"MARCH 2024
CHARITY NAME:
The Newark Emmaus Trust
REGISTERED COMPANY NUMBER:
2783331 (England and Wales)
REGISTERED CHARITY NUMBER:
1017344
TENANT SERVJCES
AUTHORITY REGISTERED NUMBER:
4640
OPERATIONAL ADDRESS:
37 Northgate Newark
Nottinghamshir¢
NG24 IHD
REGISTERED OFFICE:
37 Northgate Newark
Nottinghamshire
NG24 IHD
MANAGEMENT COMMITTEE:
J D Blatherwick - Vice Chairnian and Treasurer
N J Burley - Chief Executive Officer (no voting rights)
AJDown
E E Fulcher
S M Gilbert
MRHaig
J A Howlett - Chairnian
K McGarrigle
C Rose
D S Repper (appointed 29, May 2024)
SECRETARY:
J D Blatherwick
REPORTING ACCOUNTANT:
Xeinadin Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ
SOLICITORS:
Tallents Solicitor5, 3 Middlegate, Newark, Nottinghamshire,
NG24 1 AQ
BANKERS:
HSBC, The Market Place, Newark, Nottinghamshire, NG24
IEQ
Barclays Bank, The Market Place, Newark,
Nottinghamshire, NG24 1 EJ
CAF Bank, 25 Kings Hill Avenue, Kings Hill, West
Malling, Kent, ME19 4JP
Pag¢ 2

THE NEWARK TRUST (REGISTERED NUMBER: 2783331)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR EIYDED 31st MARCH 2024
The Trustees, who are also Directors of the charity for the purposes of the Companies Act. present their report with the
financial statements of th¢ charitable company for the year ended 31" March 2024.
DIRECTORS AND TRUSTEES
The Directors, who are also the Trustees of the charity, during the whole of the period from l $1 April 2023 to th¢ date of this
report unless oth¢nvise stat¢d were..
J D Blatherwick - Treasurer
AJDown
E E Fulcher
S M Gilbert
MRHaig
J A Howlett - Chairman
A C Kitt (resigned 31 St December 2023)
K McGarrigle (appointed i i th April 2023)
A A M Reathnan (resigned 31" December 2023)
C Rose
Other changes in Directors holding office were as follows..
D S Repper was appointed as a Director after 31, March 2024 but prior to the date of this report.
Page 3

THE NEWARK EMfvtAUS TRUST (REGISTERED NUMBER: 2783331)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31" MARCH 2024
REVIEW OF THE BUSINESS INCLUDING OKJECTIVES AND STRATEGIES FOR ACHIEVING THOSE
OBJECTIVES
OUT charity's Purposes as set out in the objects contained in the company's Mernordndum of Association are..
l ) To relieve, mitigate and prevent povety, suffering and distress.
2) To relieve in cases of need, hardship or distress young persons who are homeless or likely to become homeless and in
particular the company may:"
a) Provide or assist directly or indirectly in the provision of temporary or emergency accommodation for homeless young
persons in the town of Newark-on-Trent, in the County of Nottinghamshire.
b) Provide or assist directly or indirectly in the provision of a home, hostel or other premises as short t¢rn] accommodation
with limited emergency access for the assistance, support or moral guidance of homeless young persons in Newark-on-
Trent in order to enable them to move on to more pernianent accomrnodation.
Specific Aims
To help young people to improve their skills and ¢onfiden¢e, to understand thetr responsibility as members of the
community and to break the homelessness cycle.
To support our homeless young people to meet the ever-changing challenges of life.
To improve confidence, and to understand that they have infonned choices. To reduce anti-social behaviour where
applicable, and to gain mutual respect of peers and the community.
To encourage young people to seek car¢¢r related skills and have self-belief and to open doors to careers and
opportunities that might otherwise be denied.
To work collaboratively with organisations to increase our understanding of the challenges and problems that are faced
by young people today.
To increase public awareness of the importance of what we do and by raising our public profile.
Objectives
To provide a safe and supportive environment within our accommodation for up to 2 years with the aim of independent
living.
To provide bespoke keywork support with specific tools designed to support and measure change when working with
young people to build confidence, self-belief and raise self-esteem.
To encourage access to practical skills workshops, academic training and other opportunities.
To provide activities that work towards team building and leadership skills.
To provide a residents, activities programme that includ¢s organising communal activities and events, and access to
volunteering and focus groups to allow young people to have a voice both in the Trust and in the community.
Ensuring we achieve our aims
W¢ strategically review our aims, objectives, and activities each year. This review looks at what we achieved and the
outcomes of our work in the current financial year. We look at the success of each key activity and the benefits they
have brought. The review helps u5 to ensure that our aims, objectives and activities remain focused.
We remain conscious of the Charity Commission's guidance on public b¢n¢fit when we carry out our review and when
we plan our future activities. In particular. the Tn]sÉees consider how planned activities will contribute to the aims and
objectives they have set.
Pa8¢ 4

THE NEWARK E1￿[￿I￿Us TRUST (REGISTERED NUMBER: 2783331)
TRUSTEESI ANNUAL REPORT
FOR THE YEAR ENDED 31°, MARCH 2024
FINANCIAL REVIEW
The swplus for the year ended 31° March 2024 was £55.691. together with a rem¢asurement gain on defjned benefit pension
scheme of £88,000. The charity had net assets of £1,987,224 at 3151 March 2024.
We are fortunate to continue to receive increasing generous local support. Donations and legacies for the year amounted to
£22,761. We have continued to apply for and receive grants throughout the year.
We have continued to ensure that we have as few voids or bad. debts as possible, to maintain our income flow from housing
b¢n¢fits and rents.
We aim to continue to raise funds for specific projects that cannot be met with financial support from elsewhere and to provide
matched funding to support applications where necessary. We review our fundraising strategy on a regular basi5 and ensure
compltan¢e with the Fundraising Regulator.
The Trustees are satisfied that the present level of funding is adequate to maintain the high standard of care that w¢ expect to
give the young people and to support the continuation of the Trust. The Trustees consider the level of reserves and financial
position of the Trust to be satisfactory at the present time.
Finanee sub-eommittee
The Sub-committee meets every other month {and as and when necessary) to review procedures and carefully rnonitor the
Trust's finances. Cash levels are suitably monitored and managed by the Finance Committee. The Sub-committee reports to
the full Management Committee who have access to all minutes and documentation.
The Finance Committee review annual budgets and forecasts to ensure the Trust's abiltty to continue to deliver its objects.
Reserves policy
To ensure that our aims can be achieved, the Trustees recognise that they need to set aside reserves. Although they have a duty
to apply income received in canying out the objects set out in our Memorandum of Association, we believe we also have a duty
to continue to maintain a reserves provision to enable us to do our best to secure the future of the Trust. This helps secure our
future by protecting the Trnst from the present uncertainties around the funding of relatively small project like Newark Emmaus
Trust.
The Trustees consider that within general funds there are certain d¢signated amounts as follows: .
Cash Float- The Trusi keeps afloat to cover any short-tenn setbacks in funding or cash flow difficulties.
Pro
Maintenance - Reserves may be needed to meet the working capital requirements of the Trust for any major repairs
or renovation work on properties.
Fundin
Rtsks and Contin
enc
To provide financial security and to enable nornial operating activities to Continue in the
event of a significant loss of income.
Pension scheme liability
The charity has a defined benefit pension scheme liability of £76,000 as at 31. March 2024 in respect of the Nottinghamshire
County Council Pension Fund. The Trustees are fully aware of the impa¢t of this liability on the unrestricted funds and are
actively considering fiJtt]re options to manage the consequences of this situation. Trustees always consider the advTce given by
the pension fund's actuaries in relation to the deficit. Additional contributions are made monthly towards the deficit. The
Trustees obtain actuarial valuations as they become available. The implications to the Trust's finances are considered from these
valuations. The defined benefit pension schem¢ is now closed to new members.
Pag¢ 5

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER.. 2783331)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31" MARCH 2024
FINANCIAL REVIEW (continued)
Investment policy
Und¢r the Memorandum and Articles of Association, the charity has th¢ power to make any investment which the Trustees see
fit. The charity has a policy of keeping appropriate levels of liquid funds in accounts that can be accessed readily. This policy
is regularly reviewed to ensure that it supports the medium to long-terni fmancial security of the Trust and continues to assist
in funding present and future activities. From a fmancial risk perspective, the Trust adopts a fairly low risk approach and has
adopted the policy of spreading investments across different Financial Services Authority authorised fmancial institutions. The
Finance Committee undertakes a review of investment funds at least annually.
Principal risks and uncertainties
The tough economic climate has forced the Trust to coTJsider its accounts in detail. Financial risks include a material pension
deficit. Thanks to historically prudent financial planning we have reserves which, along with successful grant awards should
continue to secure the continuing work of the Tn]st for the foreseeable future. Considerable effort is being made to look at
widerlalternative income streams and methods of cost cutting whilst wishing to maintain the high stsndards that we have already
establishcd. We Continue to look for efficiencies without compromising our cthos.
Main trends and factors underlying the development and performance and position of Ihe Trust
The past few years have pr¢sented the challenges of coming out of the pandemic. and the cost of inflation. We have met these
challenges by being cautious and flexible, aided by some forward thinking as a result of prudent planning and use of our reserves
policy.
Our Management Committee remains strong and we have a dedicated and loyal professional work force. We have proved in
the past that we can be fl¢xibl¢, and w¢ can therefore look forward with confidence that we can adapt to whatever challenges
we have to face.
ASSESSMENT OF COMPLIANCE WITH GOVERNANCE AND FINANCIAL VIABILITY STANDARD
The Trust is regulaled by th¢ R¢gulator of Social Housing (RSH) and is therefore required to comply with the RSH'S standards
for governance and financial viability, As far as the Management Committee are aware the Trust complies with all of the
relevant standards.
ASSESSMENT OF HOWTHE NEWARK EMMAUS TRUST IS ACHIEVING VALUE FOR MONEY
(INCLUDING PERFORMANCE METRICS)
This report outlines our approach to value for money and what we have achieved over the last financial year to make sure we
have achieved the outcomes required under the Value for Money Standard 2018 and to ensure that we make the most out of our
resources.
The Trust aims to achieve value for money by delivering services as cost effectively as possible whilst maintaining high levels
of resident satisfaction. We regularly cany out resident satisfaction surveys to measure our perfornlance. The Trust is aware
that in the continuing climate of public sector funding cuts we need to demonstrate the ability to be flexible and always conscious
of costs. In order to achieve this, the Management Committee aim to constantly keep an eye on costs in line with the agreed
budget. The budget and actual figures are constantly monitored.
Our business planning, decision making and value for money strategy is designed to obtain better outcomes for young people
that ultimately leads to a job and a home. Value for money is an integral part of all our planning and is aimed at achieving cost
savings and obtaining the most from our rnoney.
Perforniance is compared with the Trnst's own value for money targets, any metrics set out by the regulator and the perforniance
of other providers of accommodation for homeless young people. A system is in place for regular monitoring of performance
against targets. Reporting of perforniance to the regulator is provided on a timely basis.
The Trustees consider the value for money perforniance of the Trust to be satisfactory and are continually striving to make
improvements.
Pag¢ 6

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31° MARCH 2024
ASSESSMENT OF HOW THE NEWARK EMMAUS TRUST IS ACHIEVING VALUE FOR MONEY
(INCLUDING PERFORMANCE METRICS) (continued)
During 2023124 the Trust has f(KUSed on delivering value for money through the following activities:
We have held fundraising events both on our own and in partnership with other charities and secured sponsorship
with busin¢ss¢5 in th¢ community.
We secured a company to name us as their charity of th¢ year.
We reviewed the way we deliver our services, particularly focussing on the 24-hour support and the best way we can
resource this.
We have reviewed and made improvements to the website.
We have increased our social media following.
We have reviewed our marketing strategy and literature.
We developed an action plan to engage with more schools and colleges.
We secured long terni ￿ndIng to ensure sustainability over the next 5 years.
We celebrated our 30, anniversary.
We r¢vi¢w¢d our annual training plan and staff development.
We developed a resident panel.
We developed our activity and workshop strategy in line with residents needs and interest.
We bought a new property to provide 3 additional single units.
We recruited 2 new ambassadors, one an expert in housing at the Council and another, a footballer for NFFC.
Our value for money perfonnance in accordance with the measures required by the Regulator of Social Housing is as follows:
Economy
This relates to minimising the cost of inputs of an activity with the aim of using our resources to save costs, time, and effort.
Year ended
31 Sl March 2024
Year ended
3151 March 2023
Headline social housing Cost per unit
9,379
8,682
Headline Social housin
cost
er uni
assesses the headline social housing cost per unit.
Efflclency
This is a measure of productivity. We strive to deliver the same level of service for less cost, time, or effort.
Year ended
Year ended
31 Jl March 2024
31" March 2023
O.OO/o
o.oo/
40.00/0
42.8%
7.20/0
-3.80/0
2.8%
Reinvest in housing units for young people
Operating margin (social housing lettings only)
Operating margin (overall)
Return on capital employed
Earnings before interest, tax, depreciation, and
major repairs included interest cover
Gearing
79.10/0
Currently the Newark Emmaus Trust does not have any borrowings
or interest on borrowing.
Reinvestment 0/0 - this metric looks at the investment in properties (existing stock as well as new supply) as a percentage of the
value of total properties held.
eratin
mar
in 0/0 - the operating margin demonstrates the profitability of operating assets before exceptional expenses are
taken into account.
Return on ca
ital em
this rnetric compares the operating surplus to total assets less current liabilities to assess the
efficient investment of capital resources.
Earnin
s before interest tax de
reciation ma
or
airs included interest cover 0/0
is a key indicator for liquidity and
investment capacity. It seeks to measure the level of surplus that a registered provider generates compared to interest payable,
the measure avoids any distortions stemming from the depreciation charge.
Gearin
- this metric assesses how much of the adjusted assets are made up of debt and the degree of dependence on debt
fmance.
Page 7

THE IYEWARK ETrIMAUS TRUST (REGISTERED NUMBER: 2783331)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31" lI￿RCH 2024
ASSESSMENT OF HOW THE IYEWARK EMMAUS TRUST IS ACHIEVING VALUE FOR MONEY
(INCLUDING PERFORMANCE METRICS) (continued)
Effe¢tivene5S
This is a measure of the extent to which intended outcomes are achieved.
Year ended
31" March 2024
2.7%
0.0%
Year ended
31SI March 2023
0.0%
O.OO/o
New supply delivered (social housing units)
New supply delivered (non-social housing units)
New su
I delivered 0/0 - this metric sets out the number of new social houstng and non-social housing units that have been
acquired or develo￿ in the year as a proportion of total social housing units and non-social housing units owned at the
year end.
PLANS FOR FUTURE PERIODS
Plans for 202412025 include but are not limited to..
Increase our units of accornmodation and look for more suitable parent and baby accommodation.
Change the stNcture of our Workforce to have separate overnight staff resulting in increased daytime support worker
hours to spend with the residents.
Find new community groups to present to with an aim of increasing Community engagement.
Raise over £20k net from our own fundraising events and agree on the events calendar for 2025126.
Continue to improve systems and reduce our carbon footyrint.
Develop existing partnerships with other charities in Newark.
Recruit a new support worker who will champion EDI.
Be success￿[ in further funding applications to develop our parenting programme further and ensure sustainability
for the next 5 years.
Renovate all gardensloutside areas to be more manageable and better for the resident's enjoyment.
Complete the renovation of the new propety creattng 3 more single units.
Deliver all outcomes as agreed with funds.
Continue lo raise the profile of our services via newsletters, annual report, PR and communications.
Be shortlisted and win a Newark Business Award.
Strateglc Alms and Goals:
The Trustees held bi-monthly strategy meetings throughout the year and have agreed strategy for r¢cruitment of patrons,
ambassadors and future Trustees. The Trust has developed a workforce plan and will always review the workforce and it8
sustainability. The Trnstees also reviewed and had further training on equality, diversity and inclusion and have put an action
plan into place.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Newark Emmaus Trust is a charltable company limited by guarantee and does not have any share capital. It was
incorporated on 25 January 1993 and registered as a charity on 16th February 1993. Every member of the company has limited
liability in the fonn of a guarantee of up to £1. The company was set up under a Memorandum of Association which established
the objects and powers of the charitable company and is governed under its Articles of Association. The company is exempt
under Section 60 of the Companies Act 2006 from using the word Limited in its name. On the 14th of January 201 l The Newark
Emmaus Trust became a Registered Social Housing Provider, Registered number 4640.
Recruitment and appointment of Directorsrrrustees
The Management Committee seek a diverse range of candidates with the skills needed by the Trust. Prospective Trustees are
interviewed by a member of the Management Committee and the application is considered by the Management Committee in
tenns of the skills, experience, and knowledge of the applicant. Prior to appointment, the Trust checks the prospective Trustee
has not been disqualified from acting as a Trustee and that there are no legal or other barriers to the appointment. Prospective
Trustees are asked to consider and declare any existing or potential conflicts of interest. After serving a probationary period,
the prospective Trustee may be invited to become a Trustee. Relevant infonnation packs and guidance notes are provided to
the prospective Trustee, together with latest accounts. minutes, and the Trust's governing document.
Pa8¢ 8

THE NEWARKEMMAUS TRUST (REGISTERED NUMBER: 2783331)
TRUSTEES, ANNUAL REPORT
FOR TllE YKAR ENDED 31st MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
0rg2ni8ational structure
We are managed by a voluntary Management Committee (who except for the Chief Executive OtTirer, are all Dire¢tors of the
¢harity}. The Committee meets once a month to deoide pollGy and ￿ dclegate responsibility to etther 8tsff or members of the
Managotn¢nt Con]mittee. The Management Conunittoes r¢spon8ibilities are further delegated to Sub-committees of Trustees
who meet regularly with relevant staff members. Tho present Sub-committee8 are.. Fin&n¢o, Stsfffftg PR Fundralsing and
Community and Health and Safely. The day-to-day re8pon8ibility for the provision of the services and operational m￿ageMent
of the Trust re8ts with the Chief Exeoutive Offi¢er, who in tutn is supported by a Deputy Chief Executive OffiGer and the
Finattoe atld Busine8s Man&ger. Thg professional staff have the day-to-day respon8ibilitle8 of rnnnlng the Tru8t, its propGrties,
and th¢ managemont of the residents.
Rlsk mallagement
The Management Committee ha8 wnduotsd a review of the major ri8ks to which the Tru8t is exp08ed. A risk register has been
established and is updated annually. Where appropriate, 8y8tenLq or pr￿edureS have been estsblished to mitigatc the rish the
Trust faces. Significant external risk8 to funding have led to the developtnent of a strat¢gic plan, which will allow for the
diversificaliou of funding and a¢tiviti¢s. Procedures are in plac6 to enyur¢ ¢omplian¢e with the health, and 8afety of &t4ff,
volunteer81 young people, and visitor8 to th¢ Trust,
TNTERNAL FINANCIAL CONTROL
The Trustees recognise and accept their respon81bility for the oharAW8 8y8tem of internal Control and revlewing its ef￿tIvOne8S.
The Tru8tees d¢mand a Strong control environtnent that is designed to manage rather than eliminate the risk of failure to achieve
the charity's objeGtAVe8 and that provide8 reasonable ￿uranCe aBain8t mat&id mi88tatement oi1088. The Tmstses acoept that
a System of internal Control canoot provide absolute a88urance again8t materlal rni88tatement or1088.
The Trustees have reviewed the effectlvenes8 of the charity's Internal contro18 and rlsk management for the year ended 31#
March 2024. There is a range of established 8lrategic and operational policies that en6ure that the Charity Is vlabl¢, wo11
govemed, and well m8n&ged, Th￿0 poll¢Ae8 are 8UPPOrted by strong managrm¢nt stn￿lure8 and ¢lear 8ocountability.
The Thi$t¢es are 8ati8fied that tlle 8y8tem of internal oontrol ha8 been operating effectively for the year and that there are no
incid¢nt8 of weakne&yes leading to material Ios8, contingency or uncertainty that require 8epar8te dI￿l08Ure An the Finan¢ial
Statements,
Th18 report has been prepared in a¢¢ordance with the Statement of Recommended Practice Social Housing Pr¢viders 2018
and in accordancc with the speclal pToviston$ of P8rt.15 of the Companies Act 2006 relating to Small compAni¢$.
On b¢hdf of the trustees:
),
J D BlatherwiGk- Secretary
Pag¢ 9

THE NEWARK ElkIMAUS TRUST (REGISTERED NUMBER: 2783331)
ACCOUNTANTSI REPORT TO THE BOARD ON THE UNAUDITED ACCOUNTS OF THE NEWARK EMMAUS
TRUST
We report on the accounts for the year ended 31" March 2024 set out on pages I I to 27.
Respective responsibilities of the Trustees and Reporting Accountsnts
The Trustees of th¢ Registered Social FIousing Provider are responsible for the preparation of the accounts, and they consider
that the Registered Social Housing Provider is exempt from an audit. It is our responsibility to Cany out procedures designed
to enable us to report our opinion.
Basis of opinion
Our procedures consisted of comparing the accounts with the accounting records kept by the Registered Social Housing
Provider and making such enquiries of the officers for the Registered Social Housing Provider as w¢ considered necessary for
the purpose of this report. These procedures provide the only assurance expressed in our opinion.
Opinion
In our opinion..
Ihe accounts for year ended 31 It MaTch 2024 are in accordance with the accounting records kept by the Registered
Social Housing Provider under paragraph 135(2)(a) of the Housing and Regeneration Act 2008.
having regard only to, and on the basis of the inforniation contained in the accounting records.
the accounts comply with the requirernents of the Charities Act 2011.
the Registered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts
for the year ended 3 1st March 2024 specified in section 136(6) of the Housing and Regeneration Act 2008. and
the accounts comply with the requiremenls of the Housing and Regeneration Act 2008 and the Accounting Direction
for Private Registered Providers of Social Flousing in England 2022.
Janet Charlton
Xeinadin Limited
Cabourn House
Station Street
Bingham
Nottingharnshire
NG13 8AQ
ILkkkn
104•
Page 10

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
STATEMENT OF COMPREHENSIVE INCOME (INCLUDING INCOME AfiD EXPENDITURE ACCOUY4T)
FOR THE YEAII ENDED 3111 MARCH 2024
3113124
3113123
Notes
Turnover
807,970
736,940
IKs8: Operating costs
(750,163)
(764,957)
Operatlng Surplu￿(derIC1t)
57,807
(28,017)
Interest receivable and other income
4,884
3,881
Interest and fmancing ¢08t8
(7,000)
(28,000)
Surplusl(Deflclt) on ordln#ry actlvltles before taxatlon
55,691
(52,136)
on 8urplu8 on ordAnary actlvlties
surplu￿{DencIt} for tbe year after tai
55,691
(52,136)
Rem¢a8urement 8&ln on defined benefit ￿nsIOn 8¢homo
16
88,000
983,000
Total Comprehen8lve Income for the year
143,691
930,864
None of th¢ Regi8teied Social Hou81ng Provid¢r8 activitie6 were acquired or dl8oontinued during tho ¢urr¢nt and prcvlou8
year.
J D Blatherwick- Dire¢tor and Tru8t¢e
C Rose - Dlrector and Trustee
Th¢ on pRgrg IS to27 fomi partoEtt￿￿ flnatri418tatetrwits
Pagell

THE NEWARK EMMAUS TRUST (REGLSTERED NUMBER: 2783331)
STATEMEIYT OF FIY4ANCIAL POSITION
3151 MARCH 2024
3113124
3113123
Notes
FIXED ASSETS
Housing properties
Other freehold prop¢rtLe8
Other fixed assets
Inve8tn)onts
11
11
li
12
1,039,334
146,431
63,375
156,382
1,405,522
964,289
151,250
70,136
l58,964
1,344,639
CURRENT ASSSETS
Debtors
CaslL It bank and An hand
13
61,354
633,600
694,954
26,080
694,757
720,837
CREDITORS
Amounts f2llAng due withth one year
14
37,252
69,943
NET CURRENT ASSETS
ET ASSETS EXCLUDING
PEIYSION LIABILITY
657,702
650,894
2,063224
1,995,533
Def￿ed benefit pension Scheme liability
16
(76,000)
(152,000)
ET ASSKTS
1,987,224
1,843,533
FUNDS
Unrestrlcted fundj
General ￿rtd8
Unreitrleted funds exeludlng pension Ilablllty
Pension reserve
Total unre$trl¢ted fuDd8
Restricted fiuids
Endowmcnt re$¢rye
17
1,006,l50
1,006,150
(76,000)
930,150
17,740
1,039,334
I,019,021
1,019,021
{l52,000)
867,021
12,223
964,289
TOTAL FUYIDS
1,987324
1,843,533
The charitable company 18 entltled lo exemption from audit under Section 477 of the Cornpllnics Aot 2006 and Seotlon 129 of the F£ou8ing
and Regeneration A¢t 2(￿8 for th¢ year ended 3191 March 2024.
The members huv¢ not requlttd th¢ ¢harllibl¢ company lo obtain en audit of its fin8n¢ial 8tatements for the y¢¥r ¢nd¢d 3 IA Mareb 2024 in
accordance witb Skxlion 476 of the compani￿ Act 2006.
Th¢ directors a¢knowlcdge th¢ir r¢sponBibilitl¢8 for.,
(a) cnsuring that thc GFwit4bl¢ wmpany kccps accounting r￿ordS whl¢h comply with s￿tiOns 386 and 387 of the CompLryie8 Act 2006
and
(b) prq)adng financial stalanenls whloh 8lYe a inje and foir view of the state of affalr8 of th¢ ¢hdrttable company as At the end of e
fllwicial year and of ils prof(t or1085 for ca£h flnanGlal year In accordance wtih the requircmcnts of S¢¢ti0tt8 394 and 395 arld which
otherwise comply with the requiremeThts ot the Companies A¢¢2006 ffl&ting to ftn8ncial statements, 80 for as applicoble to th¢ charitable
company,
The financial 8tat¢m¢ftts h&ve be¢n pr¢par¢d in accordanc¢ with the s￿la1 proYi8ion8 of Part 15 of the Companie8 Act2006 r¢lating tQ small
companies and the Accounting Direc¢iotL for Prfvate Reglstertsl Provlders of So¢ial Housing 2022.
The financial 8tatements wer¢ approved and authorised for issue by the Board of Dircctors on .......
behalf by..
wer¢ signed on its
J D Bl&thcrwiek- Dkcctor and Trustee
C Ro80- Dlrcctor and TN8tee
The llot￿ on l5 10 27 form partofthu¢ fLrwKial 8talmnMts
Pw12

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
STATEMENT OF CHANGES IN RESERVES
FOR THE YEAR ENDED 31" MARCH 2024
GeneTal
unrestricted
funds
Total
Pension unrestricted
r¢serve
funds
Restricted Endowment
funds
reserve
Total
At 315t March 2022
861,759 (1,084,000) (222,241)
144,434
990,476
912,669
Surplus/(deficit) for the year
Remeasurement gain on
defined benefit pension
scheme
Transfers (Pension contribution)
Transfers (Housing properties -
Depreciation)
181,075
(ioi,000)
80,075
(l32,211)
(52,136)
983,000
50,000
983,000
983,000
(50,000)
26,187
26,187
(26,187)
At 31$¢ March 2023
1,019,021
(152,000)
867,021
12,223
964,289
1,843,533
Surplusl(deficit) for the year
Rerneasurernent gain on
defined benefit pension
scheme
Transfers (Pension contribution)
Transfers (Housing properties-
additions)
Transfer5 (Housing properties-
Depreciation)
93,031
(50,000)
43,031
12,660
55,691
88,000
38,000
88,000
88,000
(38,000)
(94,089)
(94,089)
(7,143)
101,232
26,187
26,187
(26,187)
At 3111 March 2024
1,006,150
(76,000)
930,150
17,740
1,039,334
1,987,224
The notes on pag¢s 15 to 27 fom] part of these financial statements
Page 13

THE NEWA]IK ￿Tr￿￿US TRUST (REGISTERED NUMBER: 2783331)
STATEMENT OP CASH FLOWS
FOR THE YEAR ENDED 31" MARCH 2024
3113124
3113123
NET CASH FLOW FROM
OPERATING ACTIVITIES (Note 19)
42,704
72,724
CASH FLOW FROM INVESTING ACTIVITIES
Payments to acquire tangible ftxed assets
PuTchase of investments
Redemption of investment bond
Interest received and other income
(111,327)
(2,423)
5,005
4,884
(3,291)
(1,685)
2,822
NET CASH FLOW USED IN INVESTING ACTIVITIES
(103,861)
(2,154)
NET CHANGE IN CASH AND CASH EQUIVALENTS
{61,157)
70,570
Cash and cash equivalent at I st April 2023
694,757
624,187
CASH AND CASH EQUIVALENTS AT 31" MARCH 2024
633,600
694,757
CASH AND CASH EQUIVALENTS CONSISTS OF:
Cash at bank and in hand
633,600
694,757
CASH AND CASH EQUIVALENTS AT 31" MARCH 2024
633,600
694,757
Th¢ notes on pag¢5 15 to 27 fomi part of these financial statements
Page 14

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
I. ACCOUNTING POLICIES
General inforniation and basis of preparation
The Newark Emmaus Trust is a charitable company limtted by guarantee, and a Private Registered Provider of Social
Housing in the United Kingdom. The address of th¢ registered office is in the RegisteTed Social Housing Provider
inforniation on page 2 of these financial statements. Th¢ nature of The Newark Fmmaus Twst operations and principal
activities is to provide supported accommodation for young persons in cases of need, hardship or distress in the town of
Newark-on-Trent in the county of Nottinghamshire.
The Registered Social Housing Provider constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with applicable standards including Financial Reporting
Standard 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" (FRS 102), the Statement
of Recommended Prdctice for Social Housing Providers 2018, and with the Accounting Direction for Private Registered
Providers of Social Housing in England 2022. Th¢ financial statements are also prepared under the requirements of the
Housing and Regeneration Act 2008 and the Companies Act 2006.
The financial statements have been prepared on a going concen) basis under the historical cost convention.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies
have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is net of voids and includes.,
Rents and service charges from social housing lettings
Revenue grants
Donations and legacies
Voids represent rent losses arising from vacant accornmodation and the amount is shown in Note 3 as required by the
Accounting Direction for Private Registered Providers of Social Housing in England 2022.
Grants received to finance the activities of the charity are credited to the Statement of Comprehensive Income in the period
to which they relate. Grants received in advance of the period in which the funder requires the income to be applied are
reflected in deferred income within the Statement of Financial Position.
Grants received for the restricted purpose of providing fixed assets are accounted for immediately as restricted funds. Where
the f￿ed assets, acquisition discharges the restriction, the assets will be held in unrestrlcted funds. If the use of the assets is
unrestricted the Trustees consider creating a designated fund reflecting the book value of the assets as appropriate. The
relevant fund will then be reduced ov¢r the useful economic life of the asset in line with its depreciation.
Income received by way of donations, legacies and gifts is included in full in the Ststement of Comprehensive Income when
there is sufficient certainty that the re¢¢ipt of income is probable.
Donated goods, services or facilities are included at the value to the charity where this can be quantified and the receipt of
economic benefit from the use by the charity is probable. The value of services provided by volunteers has not been included
in these accounts.
Apportioument of housing management and non-social housing aetivities expenses
Expenditure is included in the Statement of Comprehensive Income on an accruals basis, inclusive of any VAT which cannot
be recovered.
Expenditure relating to one activity or cost category has been directly allocated. Wages have been apportioned in accordance
with grant agreements where applicable and on the following basis:
Social housing
lettings
400/0
Non-social
housing activities
60%
Wages
Page 15

THE NEWARK ETrWUS TRUST (REGISTERED NUMBER; 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
I. ACCOUNTING POLICIES (continued)
Pension eosts
The charity has adopted status as part of the local gov¢rnment pension sch¢me for its employees, which is administered by
Nottinghamshire County Council. The pension scheme is a multi-employer scheme where it is possible for individual
employers as admitted bodies to identify their share of ihe assets and liabilities of the pension sch¢m¢. Therefore, Th¢
Newark Emmaus Trust must account for the scheme as a defined benefit scheme in accoTdance with FRS 102.
The defLned benefit pension scheme provides benefits based on fmal pensionable salary. The costs of providing pension
benefits have been recognised in accordance with FRS 102.
Under FRS 102, the assets and liabilities of the multi-employer scheme are esscntially treated as assets and liabilities of the
individual employer. The operating costs of providing retirement benefits to employees are recognised in the period in which
they are earned by employees and finance costs and other changes in the value of the pension schem¢ assets and liabilities
ar¢ recognised in the period in which they arise.
The charity also operates a separate defined contribution pension scherne. Contributions payable to this scheme are charged
to the Statement of Comprehensive Income in the period they ale incurred.
Fund Accounting
Unrestricted funds are funds which are available for use at the discretion of the Trustees in ￿rtherance of the general
objectives of the charity.
Restricted funds are funds which are to be used in accordaT]ce with specific restrictions imposed by donors or which have
been rdised by the charity for particular purposes.
The Endowment Reserve is only expendable in respect of Housing Properties. The Endowment Reserve represents those
assets which must be h¢ld pemanently> principally Housing Properties. Revenue and expenditure cannot be directly set
against Endowment Reserve but is taken through the Statement of Comprehensive Income and then a transfer to Endowment
Reserve is made as appropriat¢.
Tangible fixed assets
Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs.
Subsequently tangible fixed assets are measured at cost less accumulated depreciation and impainnent losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Housing Properties
20/0 on cost
Other Freehold property
20/0 on cost
Motor vehicles
250/0 on reducing balance
Equipment and computers
20 % on reducing balance
A review for impaim]ent is Carried out at the end of each reporting period by director5.
Debtors and ereditors receivablelpayable wlthfin one year
Debtors and rreditors receivable or payable within one year are recorded at transaction price. Any losses arising from
impaiment are recognised in the Statement of Comprehensive Income.
Investmenls
Investments are recognised initially at fair value which is nornially the transaction price excluding transaction costs.
Subsequently, they are included at fair value at each reporting date if this can be reliably measured, with changes in fair
value recogntsed in the Statement of Comprehensive Income.
Investments held as part of short-terni treasury management for a planned expenditure purpose are classified as current
assets.
Page 16

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
I. ACCOUNTING POLICIES (continued)
Value Added Tax
Th¢ Newark Emmaus Trust is not registered foT Value Added Tax. In these financial statements, where applicabl¢.
expenditure is shown inclusive of Value Added Tax.
Taxation
The Charity is exempt from UK taxation.
Judgements and key sources of estimation uneertainty
The Management Committee do not believe that any accounting judgements or estimates have been applied to these fman¢ial
statements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabiliti¢s within
the next financial year.
2. PARTICULARS OF TURNOVER, OPERATING COSTS AND OPERATING SURPLUS
3113124
3113r23
Op¢ratin8
5urplu31
(deficit)
Op¢TQting
surplusl
(d¢fi¢il)
Opernting
costs
OpcrAting
Costs
Turnovcr
Turnover
Notes
Social housin8 Idtings
Non-social IK)usin8 activities
578.119
229.851
347.037
403.126
231.082
{173.275)
546,311
190.629
312,550
452.407
233.761
1261,7781
807.970
750,163
57.807
736.940
764,957
(28,017}
Social housing lettings comprise income and expenditure in respect of th¢ provision of accommodation for homeless young
people who are at risk and between the ages of16 - 25 years.
Non-social housing activities Comprise grants, donations and other income for the support and life skills training of homeless
young people who are at risk and cost5 incurred in support and training of homeless young people, income generation
activities, and in supporting the governance of the charity.
3. PARTICULARS OF INCOME AND EXPENDITURE FROM SOCIAL HOUSING LETTINGS
3113124
3113123
Rent, housing benefits And service agreement
578,119
546,311
Turnover from social housin
lettin
578,119
546,311
Management costs
Insurance
6,639
5,664
Services eosts
Staff costs (note 8)
Telephone
200,029
750
152,114
750
Routine maintenance and renewals
Maintenance and services
105,592
106,908
Bad debts
13,166
Depreeiation
Housing properties
Equipment and computers
26,187
7,840
26,187
7,761
eratin
costs on soeial housin
lettin
347,037
312,550
eratin
sur
lus on soeial housin
lettin
231.082
233,761
Void losses
4,461
1,186
Page 17

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 315t MARCH 2024
4, PARTICULARS OF INCOME AND EXPENDITURE FROM NON-SOCIAL HOUSING ACTJVITIES
3113124
3113123
Grants
Beatrice Laing Trust
BNA Charitable Trust
Boots Charitable Trust
John Lewis Partnership
Lloyds Bank Foundation
Mansfjeld Building Society
National Lott¢ry Fund
Neighbourly B&Q Grant
Nottinghamshire County Council
Nottinghamshire Police & Crime Commissioner
Pawprint Foundation
Postcode Places Trnst
St James's Place Charitable Foundation
Tesco Grant
The Jones 1986 Charitable Trust
The Percy Bilton Charity
The Thomas Farr Charity
Veolia
Waitrose
Wrexham Signs
2,500
11,340
9,982
1,000
27,250
250
48,115
20,960
81,350
4,522
10,900
12,403
508
8,182
10,000
1,125
12,685
10,812
16,364
2,500
5,000
4,000
2,000
4,200
853
750
500
168,540
141,511
Donations and legaeles
Covenants
Donations
Legacies
1,580
21,507
(326)
1,440
31,299
(351)
22,761
32,388
Other income
Fundraising income
Turnover from non-soeial housin
38,550
229,851
16,730
190,629
aetivitxes
Expenditure
Staff costs (note 8)
Office costs
Training centre general costs
Marketing
Motor expenses
Accountancy
Bank charges
Other professional fees
Fundraising costs
Other freehold properties depreciation
Equipment and computers depreciation
Motor vehicles depreciation
Equipment and computers loss on disposal
Residential activilies
eratin
costs on non-soeial housin
300,043
37,817
246
1,013
1,275
4,992
299
10,347
13,074
4,819
4,972
4,044
354,934
31,425
230
729
2,032
3,942
337
3,471
13,641
4,819
5,416
5,390
19
26,022
452,407
20,185
403,126
activities
eratin
deficit on non-social housin
activilies
(17327S)
(261,778)
Pag¢ 18

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
5. JNTEREST RECENABLE AND OTHER INCOME
3113124
3113123
Interest receivable and other income
4,884
3,881
6. INTEREST AND FINANCING COSTS
3113124
3113123
Finance costs of defined benefit pension scheme (note 16)
7,000
28,000
7, OPERATING SURPLUS FOR THE YEAR
The operating surplus/(deficit) for the year is stated after charging,,
3113124
3113123
Depreciation - owned assets (note I l)
Loss on disposal
Pension costs - defined benefit scheme (note 16)
Pension costs- defined contribution scheme (note 16)
47,862
49,573
19
72,000
9,893
42,000
13,467
STAFF COSTS
3113124
3113123
Wages and salaries
Social security Costs
Pension costs - defined benefit scheme (note 16)
Pension costs - defined contribution scheme (note 16)
412,042
32,563
42,000
13,467
393,010
32,145
72,000
9,893
500,072
507,048
3113124
3113123
Social housing lettings (note 3)
Non-social housing activities (note 4)
200,029
300,043
152,114
354,934
500,072
507,048
No employee received emoluments of more than £60,000 (2023: Nil)
3113124
Number
15
3113123
Number
12
The average monthly number of employees during the year was as follows..
The renumeration (including pension contributions) paid to Senior Management Team during the year was £253,544 (2023:
£244,312).
The Chief Executive Officer is included in the defined contribution pension scheme. and is an ordinary member of the
scheme. No enhan¢ed or special temis apply.
9. DIRECTORS9 RENUMERATION
None of the directors received any renumeration for their services during the year.
Page 19

THE NEWARK EN￿￿Us TRUS.T (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31° MARCH 2024
10. TAXATION
Analysis of the tax eharge
No liability to UK corporation tax arose on OTdinary activities for the year ended 31S1 March 2024 nor for the year ended
3 ISI March 2023.
I I. FIXED ASSETS
Other
freehold
properties
Total
freehold
prop¢rties
Equipment
and
computers
14ousing
properties
Motor
vehicles
Total
COST
At I" April 2023
Additions
1,342,851
101,232
240,950
I,583,801
101,232
40,000
123,710
10,095
1,747,511
111,327
At 31 st March 2024
1,444,083
240,950
,685,033
40,000
133,805
1,858,838
DEPRECIATION
At i 51 April 2023
Charge for year (note 7)
378,562
26,187
89,700
4,819
468,262
31,006
23,828
4,044
69,746
12,812
561,836
47,862
At 31° March 2024
404,749
94,519
499,268
27,872
82,558
609,698
NET BOOK VALUE
At 31° March 2024
1,039,334
146,431
1,185,765
12,128
51,247
1,249,140
At 31st March 2023
964,289
151,250
1,115,539
16,172
53,964
1,185,675
Freehold properties comprise housing accommodation, offices, staff accommodation and a training centre, The cost of
properties which are used for multiple purposes has been apportioned using a best estimate based on the number of rooms,
The housing property addition in the year Continued to be under construction at 3111 March 2024.
12. FIXED ASSET INVESTMENTS
3113124
3113123
Investments at market value
156,382
158,964
13. DEBTORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Rent a￿earS
Prepayments and other debtors
44,261
17,093
15,925
10,155
61,354
26,080
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Accruals and deferred income
37,252
69,943
Page 20

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
IS. DEFERRED INCOME
Under l year
Over l year
Total
At i sl April 2023
Amount r¢l¢ased t() inwme
29,141
(29,141)
29,141
(29,141)
At 3 1st March 2024
Grant income totalling £Nil (2023: £29,141) was deferred during the year ended in respect of unrestricted grant income
received.
16. PENSION COMMITMENTS
a) Defined contribution pension schem¢
The charity 0￿ra￿S a defined contribution pension scheme for its employees. The amount recognised as an expense in
th¢ period was £13,467 (2023.. £9,893) (notes 7 and 8).
b) Defined benefit pension scheme
The charity is one of many participants in a pension scheme operated by Nottinghamshire County Council Pension Fund.
The assets of the scheme are held separately from those of the charity. Pension costs are assessed in accordance with the
advice of an independent qualified actuary using the projected unit method.
Actuarial valualions are carried out on a triennial basis at which time the calculations and actuarial assumptions are
revised. The most recent actuarial valuation of the Pension Fund was carried out as at 31, March 2022 and resulted in
the charity's contribution to th¢ ongoing service cost increasing at 2 I.50/0 of pensionable pay from 181 April 2023.
In order to reduce the pension scheme deficit the charity pays additional contributions which for the year ended 31 $1
March 2024 lotalled £1,730 (2023: £16,370) rising each year by an intlation rate of 3.90/0 for each of the following
seventeen years. It is expected that this should be sufficient for the charity's share of the scheme to be fully ￿llded by
2041 and that thereafter the charity's contributions will revert to the ongoing service cost.
En addition to the above, the following inforniation is required to be disclosed in accordance with FRS 102 in respect of
the part of the Nottinghamshire County Council Pension Fund attributable to the charity.
The totsl cost recognised in the perlod was as follows:
3113124
3113123
Current service cost (notes 7 and 8)
Net interest incomelexpense (note 6)
Administration expenses
Recognised in the surplusl(deficit) for the year
Remeasurement gain recognised
in other comprehensive income (see below)
Total cost recognised
42,000
7,000
1.000
50,000
72,000
28,000
1,000
101,000
(88,000)
(38,000)
(983.000)
(882,000)
The remeasurement (gainyloss recognised in other comprehensive income eomprises the following Amounts:
3113124
3113123
Actuarial gain
Other actuarial gains on assets
Chang¢ in demographic assumptions
Experience loss on scheme obligation
Actual (rethrn)/loss on scheme assets (excluding interest income)
Remeasurement gain recognised in other comprehensive income
(1,079,000)
(68,000)
(149,000)
218,000
95.000
(983,000)
(27,000)
11,000
(72.000)
{88,000)
Pag¢21

THE NEWARK EMMAUS TRUST (REGISTERED NUlklBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
16. PENSION COMMITMENTS (continued)
Amounts re¢ognised on the Statement of Financial Position were as follows:
3113124
3113123
Present value of ￿Trded obligations
Fair value of scheme assets
Net defjned benefit pension scheme liability
(2,173,000)
2,097,000
(76,000)
(2,189,000)
2,037,000
(152,000)
Changes in the present value of the defined benefit obligations were Rs follows:
3113124
3113123
Opening defined benefit obligation
Current service cost
Int¢r¢st expense
Actuarial loss
Change in demographic assumptions
Experience loss
Contributions by scheme participant5
Benefits paid
Closing defined benefit obligation
2,189,000
42,000
102,000
3,103,000
72,000
80.000
(1,079,000)
(149.000)
218,000
1,000
(67,000)
2,189,000
(27.000)
i 1,000
11,000
(155,000)
2,173,000
Changes in fair value of the pension scheme assets were as follows:
3113124
3113123
Opening scheme assets
Interest income
Actu81 return/{loss) on scheme assets (excluding interest income)
Other actuarial gains
AthninistratiQT] ¢xpenses
Contributions by employer
Contributions by scheme participants
Benefits paid
Closing scheme &ssets
2.037,000
95,000
72,000
2,019,000
52,000
(95,000)
68,000
(1,000)
50,000
11,000
(67,000)
2,037,000
(1,000)
38,000
11,000
(155,000)
2,097,000
The amount that eAch major class of pension scheme assets constitutes of the fair value of the totsl scheme assets was
s follows:
3113124
3113123
Equities
Gilts
Other bonds
Propety
Cash
Inflation-linked pooled fund
Infrastructure
Private equities
Total assets
1,268,000
50,000
104,000
223,000
126,000
107,000
152,000
67,000
2,097,000
1,186,000
42,000
121,000
242,000
107,000
103,000
160,000
76,000
2,037.000
loo%
The return/(loss) on scheme assets was as follows:
3113124
3113123
Interest income
Actual returnl(loss) on scheme assets (excluding interest income)
Total returnl(1055) on plan assets
95,000
72,000
167,000
52,000
(95,000)
(43.000)
Page 22

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
16. PENSION COMMITMENTS (eontinued)
The principal actuarial assumptinns used were as follows:
3113124
4.850/0
3.90010
2.900/0
3.300/0
3113123
4.800/0
3.850/0
2.850/0
2.820/0
Discount rate
Expected rates of salary increases
Expected rates of pension increases
Expected rate of inflation
The mortality assumptions used for longevity (in years) on retirement at age 65 are:
Retiring at the Statement of Financial Position date
Males
Females
Retiring in 20 years
Males
Females
20.4
23.3
20.7
23.5
21.7
24.7
22.0
25.0
Page 23

THE NEWARK EIIIMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
17. FUNDS
General
unTestricted
funds
Total
Pension unrestrict¢d Restricted Endowment
reserve
funds
funds
reserve
Total
Income
Social Housing lettings
Donations and legacies
Fundraising incomes
Grants
Turnover
Interest receivable
and other income
Total income
Expenditure
Insurance
Staff costs
Telephone- accommodation
Maintenance and services
Residential activities
Office costs- t¢l¢phone
Office costs - other
Training centre general costs
Marketing
Motor expens¢s
Accountancy
Bank charges
Other professional fees
Fundraising costs
Depreoiation - Housing properties
Depreciation -
Other freehold properties
Depreciation - Motor vehicles
Depreciation -
Equipment and computers
578,119
22,837
38,550
29,641
669,147
578,119
22,837
38,550
29,641
669,147
578,119
22,761
38,550
168,540
807,970
(76)
138,899
138,823
4,884
674,031
4,884
674,031
4,884
812,854
138,823
6,639
373,776
750
75,956
18,982
1,792
27,747
6,639
415,776
750
75,956
18,982
1,792
27,747
6,639
500,072
750
105,592
20,185
2,725
35,092
246
1,013
1,275
4,992
299
10,347
13,074
26,187
42,000
84,296
29.636
1,203
933
7,345
246
1,013
1,275
4,992
299
6,843
13,074
26,187
1,013
1,275
4,992
299
7,843
13,074
26,187
1,000
2,504
4,819
4,044
4,819
4,044
4,819
4,044
12,812
581,000
12,812
624,000
12,812
750,163
43,000
126,163
Finance costs of defined
benefit pension scheme
7,000
50,000
7,000
63 1,000
7,000
757,163
581,000
126,163
Surplus/(deficit) for the year
93,031
(50,000)
43,031
12,660
55,691
Rerneasurement gain on
defined benefit pension
scheme
Transfers (Pension contribution)
Transfers (Housing properties-
additions)
Transfers (Housing properties-
Depreciation)
88,000
38,000
88,000
88,000
(38,000)
(94,089)
(94,089)
(7,143)
101,232
26,187
26,187
(26,187)
Balance at 151 April 2023
1,019,021
(152,000)
867,021
12,223
964,289
1,843,533
Balance at 3 1st March 2024
1,006,150
(76,000)
930,150
17,740
1,039,334
1,987,224
Page 24

THE NEWARK EMMAUS TRUST (REGISTERED Nu1￿BER. 2783331)
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
17. FUNDS (continued)
Restricted fijnds ar¢ represented principally by funding for in-house and outdoor activities for residents and vulnerable
people from the following organisations..
BNA Charitable Trust
National Lottery Fund
Neighbourly B&Q Grant
Nottinghamshire County Council
Nottinghamshire Police & Crime Commissioner
St James's Place Charitable Foundation
Tesco Grant
The Percy Bilton Charity
The Thomas Farr Charity
Pawprint Foundation
Waitrose
The Endowment reserve is established to provide supported accommodation for young persons in cases of need, hardship
or distress in the town of N¢wark-on-Trent in the county of Nottingharnshire.
The transfers to Pension reserve of £38,000 from unrestricted general funds represent contributions by the employer
comprising a standard contribution based on pensionable pay of £36,270 and an additional contribution to eliminate the
pension deficit of £1,730.
Included within ihe restricted funds balance at 31, March 2024 is an amount of £960 relating to a project fvnded by the
National Lottery Fund. This balance represents amounts received during the year of £81,350 plus a balance brought forward
of £nil less expenditure incu￿ed during the year of £80,390.
18, ANALYSIS OF NET ASSETS BETWEEN FUNDS
YEAR ENDED 31M MARCH 2024
General
unrestricted
funds
Total
Pension unrestricted Restricted Endowment
reserve
funds
funds
reserve
Total
FIXED ASSETS
Housing properties
Other freebold properties
Other fixed asscts
Investments
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due
within one year
DEFINED BENEFIT
PENSION SCHEME
LIABILITY
1,039,334
1,039,334
146,431
63,375
156,382
146,431
63,375
156,382
146,431
63,375
156,382
61,354
615,860
61,354
615,860
61,354
633,600
17,740
(37,252)
(37,252)
(37,252)
(76,000)
(76,000)
(76,000)
TOTAL NET ASSETS
/(LIABILITIES)
1,006,150
(76,000)
930,150
17,740
1,039J34
1,987,224
Pa8¢ 25

THE NEWARK EMMAUS TRUST OIEGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
YEAR ENDED 31st MARCH 2023
General
unrestricted
funds
Total
Pension unrestricted Restricted Endowment
reserve
funds
funds
reserve
Total
FIXED ASSETS
Housing properties
Other freehold properties
Other fixed assets
Investments
964,289
964,289
151,250
70,136
158,964
151,250
70,136
158,964
151,250
70,136
158,964
CURRENT ASSETS
Debtor$
Cash at bank and in hand
CREDITORS
Amounts falling due
within one year
DEFINED BENEFIT
PENSION SCHEME
LIABILITY
26,080
682,534
26,080
682,534
26,080
694,757
12,223
(69,943)
(69,943)
(69,943)
(152,000) (152,000)
(152,000)
TOTAL NET ASSETS
I(LIABILITIES)
1,019,021
(152,000)
867,021
12,223
964,289
,843,533
19. RECONCILIATION OF OPERATING SURPLUSI(DEFICIT) TO CASH FLOW FROM OPERATING
ACTJVITIES
3113124
3113123
Operating Surplus/(deficit) for the year
Adjustments for non-cash items..
Depreciation of tangible fixed assets (note I l)
Loss on disposal of tangible fixed assts
(Increase)IDecrease in debtors
Decrease in creditors
Defined benefit pension costs less contributions payable
57,807
(28,017)
47,862
49.573
19
44,523
(16,374)
23,000
(35.274)
(32,691)
5,000
Net ea$h floiv from operating aetivffitles
42,704
72,724
20. CONTINGENT LIABILITIES
The charity had no contingent liabilities at 31" March 2024 (2023: none).
21. CAPITAL COMMITMENTS
The charity had no capilal commitments at 31" March 2024 (2023: none).
Page 26

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
NOTES TO THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31st MARCH 2024
22. HOUSING STOCK
The number of units of housing accommodation in management at year end¢d was..
3113124
Number
3113123
Number
Housing Accommodation for letting
Units
37
36
A unit of housing for letting includes supported housing for homeless young people and keyworker accommodation for 24
hour staff cover.
23. RELATED PARTY TRANSACTIONS
Trustees are reimbursed for expenses which are necessarily incurred in the perforn)ance of their duties.
No Trust¢¢ or other person related to the charity had any personal interest in any ¢ontra¢t or transaction entered into by the
harity during the year (2023.. none).
Page 27

THE NEWARK EMMAUS TRUST (REGISTERED NUMBER: 2783331)
DET AILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31Et MARCH 2024
3113124
3113123
INCOME
Donations and covenants
Legacies
Grants
Rent, housing benefits and service Charges
FundTaising income
23,087
(326)
168,540
578,119
38,550
32.739
(351)
141,511
546,31
16,730
807,970
736,940
Other income:
Deposit and interest
Investment income
2,379
2,505
I,l35
2,746
TOTAL INCOME
812,854
740,821
EXPENDITURE
Provision of accommodation:
Residential activities
Insurance
Maintenance and services
Telephone
Bad debt
20,185
6,639
105,592
750
26,022
5,664
106,908
750
13,166
133,166
246
152,510
230
Training centre costs
Staff cost$:
Wages
Social security
Pensions- defined benefit scheme
Pensions- defined contribution scheme
412,042
32,563
42,000
13,467
393,010
32,145
72,000
9,893
500,072
507,048
Office costs:
Telephone
Office expenses
Repairs and Renewals
Sundry expenses
2,725
8,089
16,974
10,029
4,786
7,328
16,066
3,245
37,817
31,425
Other eosts:
Marketing
Motor expenses
Bank charges
Legal and professional fees
Fundraising costs
Accountancy
1,013
1,275
299
10,347
13,074
4,992
729
2,032
337
3,471
13,641
3,942
31,000
24,152
Depreciation:
Freehold properties
Equipment and computers
Motor vehicles
31,006
12,812
4,044
31,006
13,177
5,390
47,862
49,573
Loss oll disposal of fixed assets:
Equipment and computers
19
Internet and finanee Costs:
Interest and financing costs of defines benefit pension scheme
7,000
28,000
TOTAL EXPENDITURE
757,163
792,957
SURPLUSI(DEFICID FOR THE YEAR
55,691
(52,136)
Page 28