Registered Number: 03183985 Charity number: 1055036 EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES REPORT AND FINANCIAL STATEMENTS For the Year Ended 31 MARCH 2024
EMMAUS MOSSLEY (A Company Limited by Guarantee) CONTENTS Page Reference and Adminlstratlve D8tsils of the Charlty, its Trustees and Advisers Trustees. Report Independent Examiners Report Statement of Financlal Acttvltles io Balance Sheet li Cash flow statement 12 Notes to the Financlal Statements 13-26
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES. REPORT "REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the Year Ended 31 March 2024 Trustees R Al-Hamdani M Clark R Davies AW Kilburn Chair C Lyness I Williamson D Chauhan A Ritchie E Young M Mitchell E Brandon Company Secretary Treasurer Vice Chair E Christie (Director only) Company registered number 03183985 Charity registered number 1055036 Registered and principal office Longlands Mill, Queen Street, Mossley, Ashton-under-Lyne, OL5 Company secretary I Williamson Key management personnel CEO-A Hill Community Manager- M Lynott Retail Manager- H Hodkinson Finance Officer- A France Independent examiner Community Accountancy Service Limited, The Grange, Pilgrim Drive, Beswick, Manchester, Mll 3TQ Bankers The Co-operative Bank. 1 8alloon Street. Manchester. M60 4EP CAF Bank Ltd. 25 Kings Hill Avenue. West Malling, Kent, MW19 4JQ Scottish Widows, 67 Morrison Street, Edinburgh, EH3 8YJ
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT The Trustees (who are also directors of the charity for the purposes of the Companies Art) present their annual report together with the audited financial statements of Emmaus Mossley Limited (the st charity) for the year ended 31 March 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements of the charit(s governing documents and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities 2019" Emmaus Mossley is a charitable company limited by guarantee, constituted under its Memorandum and Articles of Association dated 10 April 1996 as amended on 19 January 1999, 17 October 2000 and 22 November 2018. STRUCTURE, GOVERNANCE AND MANAGEMENT Objectives and activities The aims of Emmaus Mossley are to alleviate and relieve poverty, hardship, distress and to provide accommodation for the poor and homeless for the public benefit. This is achieved by providing a home, meaningful work. training, and support at Longlands Mill, Mossley. The main activity is resourced by revenue earned from a social enterprise based on recycling and from housing benefit. The former earned us £647,317 in the past financial year. Whilst housing benefit brought in £125,919 in the year ending 31 March 2024. The sums raised primarily support a staff team which covers companion support, the successful operation of the social enterprise and administrative support, this cost £358,940 in the past year. We measure success for companions in relation to our aims as follows- al The number of homeless people helped by Emmaus Mossley in a year 49 compared to 42 in 2022/23). bl Occupancy rates. The target occupancy is 95% and this year we averaged 90%195% for 20221231. c} Successful completion of training courses: 2023124 25 2022123 31 Manual handling ESOL Accident Reporting Mental Health Awareness CBT Stress Awareness Active Listening Employability Pathways Whistleblowing Cyber Security Awareness Anger M3n3gement Anii Bribery Level l Food Safety & Hygiene Level 2 Food Safety & Hygiene Level 3 Food Safety & Hygiene Drug & Alcohol Awareness Anti Money Laundering 13
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT Banksman Essentials Bomb Threats and Suspicious Packages Fire Warden Training Bullying & Harassment for Employees Bullying & Harassment for Managers Communication in Care Communication Skills Safeguarding Children Level 2 Electrical Safety Emergency First Aid at Work Equality and Diversity in Care Eye Protection Fire Awareness First Aid Appointed Person Fluids and Nutrition in Care Food Allergy Awareness Food Safety & Hygiene Fraud Prevention GDPR UK: Advanced General Workshop Safety Health & Safety for Managers & Supervisors Health & Safety Essentials Health & Safety in Care Infection Prevention & Control Infection Prevention & Control in Care Ladder Safety Legionella Awareness LOLER Manual Handling (incl Tyres} Medication Awareness (Care) Mindfulness Modern Slaverv New & Expectant Mothers at Work Noise Awareness Org3nisation Skills Person Centred Care Personal Protective Equipment {PPE) Prevent Dutv Privacy and Dignity in Care Problem Solving PUWER Setting Goals Teaching Nutrltlon Time Management Working in Confined Spaces Equality Diverslty & Inclusion Customer Service Consumer Rights for Retailers (Goods) 22 14
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT COSHH cscs First Aid Training NVQ Customer Service Level 2 NVQ Warehousing Level 2 Digital Skills Display Screen Equipment Duty of Care Conflict Resolution Level 3 Award in Teaching dl Achieving successful move into employment and other accommodation (3 companions left during the year compared to 14 in the previous year). e} Emmaus UK have undertaken a new strategic review. Emmaus Mossley participated in this work and agreed to an independent governance review. Trustees have agreed a programme of work to ensure progre55 and achievement of best practice in accordance with NCVO guidelines. Solidarity. "Serve those who are less fortunate before yourself. Serve first those who suffer most" (Emmaus Mossley manifesto). Solidarity with those in need is one of the primary purposes of Emmaus Mossley and during the year the community has continued its commitment to the relief of poverty and homelessness at home and abroad not only through solidarity payments {£13,631 in 2023/24 compared to £10,679 in 20221231 but also acts of solidarity amounting to 459 companion hours in 2023/24 and 422 companion hours in 2022/23 and donated goods this amounts to £6,675 in 2023124 and £6,681 in 2022/23. Solidarity grants are awarded after consideration by the Solidarity Committee. It is intended to produce an impact report in future to allow a more detailed reporting analysis. Trustees have reviewed the Charity Commission's published guidance on public benefit requirements in light of recent events to ensure that it is complying with best practice. Emmaus Mossley benefits from the invaluable sUPPOrt of on average 30 volunteers who assist in many areas of the social enterprise which provides revenue to SUPPOrt our charitable artivities, they provide support in the workshop are3. an upcycling group, driver collections, valuing and sorting donations, manning the collectables retail area and with IT support. Achievements and performance The non-financial highlights of the year are contained within the above objectives and activities paragraphs. We have Started the year with 23 companions on l April 2023. 20 arrived durin6 tlie year and 17 left, leaving us with 26 companions at 31 March 2024. In addition to helping the above companions from being homeless we ran a total of 75 course5 With 141 in attendance, this is without taking into account the solidarity sums outlined above.
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT Financlal Review On a total funds. basis, we made a deficit of £5,586. This represents a downturn on previous recent vears {profit in 2022/23 £152,943, profit in 2021/22 £222,576). The budget for 2024/25 currently shows a surplus of £7,698 which is working towards our aim of financial sustainability. We intend to review this in the light of the pandemic and our new Business Plan will reflect our aspirations. Reserves policy Emmaus Mossley recognises the need to maintain an adequate level of unrestricted reserves to secure the organisations future viability. The board's policy is that a reasonable level of reserves is required for the following reasons: To absorb short term setbacks such as reduction in income or unexpected expenditure. To finance further working capital costs such as improvements and additions to retail areas to expand the social enterprise. To cover the working capital required to fund uneven flows of income and expenditure. To cover the costs of investing in staff training and development. To improve seniices and the efficiency of the charity and to retain employees. To cover the costs of developing new services. To set aside funds for investments in appropriate capital assets such as workshop or IT equipment and premises requirements. The need for reserves has to be balanced against the following factors: The need to be seen as a responsible charity by local and central government. sponsors, and the Charity Commissioners. The need to avoid the accusation of creating excessive surpluses or accumulating large surpluses for which there is no future planned requirements or that bears no relation to the organisation's charitable aims. In line with this policy there is a designated contingency fund of £300,000, which is roughly equivalent to 6 months of unrestricted expenditure. a building and development fund of £107,337 and an environmental improvements fund of £140,186. There is a further designated fund set aside to improve the position of companions at Emmaus Mossley, this amounts to £43,641 at 31" March 2024. There is a further £172.837 of unrestricted funds held as free reserves. The organisation is aiming to retain sufficient reserves to meet contingencies and liabilities and this amount is to be reviewed annually and monitored at each meeting of the Board. The Board has always aimed to retain sufficient reserves to meet contingencies and liabilities. Trustees are acutely aware of the need to balance an approach to reserves which recognises key risks but also emphasises an approach to expenditure and investment consistent with our overall aims and objectives.
EMMAUS MOSSLEY IA Company Limited by Guarantee) TRUSTEES, REPORT Going concern After making appropriate enquiries the trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable future. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Future plans Emmaus Mossley is an ambitious and forward looking organisation with plans and programmes of action designed to improve overall organisational performance. In p3rticular we have developed a programme of capital investment to maintain and enhance the premises and improve the living conditions provided to companions. We are also continuing to develop our retail and commercial operation with the purchase of new vans a priority. The warehouse has added significantly to the offer we provide but there remains more to be done to maximise the potential benefit it can bring. There is also a continuing drive to broaden and strengthen our work with companions in relation to training. personal development and health. The coming year will see a thorough review and revision of our strategic objectives and business plan priorities. No major changes are anticipated to priorities at this stage but the process of consultation with stakeholders will provide every opportunity for fresh thinking and new perspectives to be embraced. Risk management Emmaus Mossley has based its risk management policy on that developed by Emmaus UK. The major areas of risk are identified as: The income from sales and housing benefit on which the project relies might reduce with consequences for cash flow and payroll commitment. General financial risks such as sudden high expenditure le.g., need to make building repairs): operational risks such as programme performance. staff skills and IT systems. External risks including the need to comply with employment legislation and the risks associated with giving assistance to third parties. The risk of injury to a person who would be eligible for compensation. The possibility of a person or organisation taking the board to court which would create the need to employ legal expert to prepare and conduct a defence. Loss of key personnel and the need to ensure organisational resilience over a period when significant change can be anticipated. Welfare reform and regulatory changes in the context of potential political change at a national level. Risk management is central to the work of the board and informs key business decisions at every stage. The priorities for action are driven by an assessment of risks and vulnerabilities. By way of an example the emphasis currently given to building organisational resilience and succession planning is a direct consequence of a thorough evaluation of short to medium term risk analysis. Structure• governance, and management The board of trustees of Emmaus Mossley are responsible for its governance, activities, assets and working practice as laid down in its constitution and governance documents.
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT Trustees have final responsibility for the management of Emmaus Mossley and are responsible for policy decisions. Staff are responsible for the operational implementation of policy decisions and for the day to day running of the community. A priority has been given to succession plannin£ developing overall capacity and building resilience within the organisation. The profile of both trustees and staff suggest that significant change can be anticipated within the short to medium term. Ensuring a smooth transition and developing an organisational structure capable of ensuring continuity of service delivery are major prioritie5. Emmaus Mossley has continued to play an active and leading role in the development of Emmaus more widely: locally, nationally, and internationally. We remain committed to the concept of Solidarity and aim to increase both our financial contributions and our overall levels of activity year on year. We have contributed significantly at every level to initiatives promoted by Emmaus UK designed to enhance and improve the performance of the charity. Trustees are responsible for setting the pay and remuneration of key staff personnel. A remuneration review panel consisting of the Chair, Vice Chair, Treasurer, and company secretary takes into account internal staff salary ranges, local market rates. comparisons with other relevant organisations and benchmarking based on PDR objectives and appraisal. The Panel's recommendations go forward to the full board for consideration and final decision making. Emmaus Mossley is a company limited by guarantee but is a member of Emmaus UK Federation and takes into account its recommendation when making decisions on 3dopting policies and procedures. The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011. The Trustees are looking to apply the Charity Governance Code, which was published by the Charity Commission in July 2017. The trustees will review the code, the extent to which the charity applies and the code and areas for potential improvement over the coming months. Investment Policy The Trustees have implemented a conservative policy to invest working capital in interest-bearing accounts. We remain committed to a policy which ensures that the majority of our funds are covered by the FSA £85,0(K) deposit guarantee.
EMMAUS MOSSLEY (A Company Limited by Guarantee) TRUSTEES, REPORT Trustees, Responsibilities Statement The trustees (who are also the directors of Emmaus Mossley Limited for the purposes of company lawl 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). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting principles and then apply them consistently; Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregu13rities. A.W. KILBURN Chair rd Date: 3 September 2024
Independent examiner's report to the trustees of EMMAUS MOSSLEY st I report on the accounts of the company for the year ended J l March 2024, which are set out on pagesl O to 26. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not requKred for this year under section 144(2) of the Charities Aci 2011 (the 201 l Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 201 l Act ' to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 2011 Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those r¢cords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provid¢ all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: { l ) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, , and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drnwn in order to enable a proper understanding of the accounts to be reached. AM King FCCA Community Accountancy Service Ltd The Grange, Pilgrim Drive. Beswick, Manchester. Ml 13TQ Date: Jrd September 2024
EMMAUS MOSSLEY IACompat)y Umlted by Guarafftel 10 STATEMENT OF FINANCIAL ACTIVITIES in ratin an Income and Ex nditureActount For The Year Ended 31 March 2024 Total Funds Total Funds Funds Funds 2024 2023 Dthls INCOME FROM.. O(matS(M7S and legxies Charitable Activities Investment IntA TOTAL INCOMING RESOURCES 131 141 21.381 802.229 3.768 827,378 21.361 82.229 3.766 827378 21.598 778.617 1.323 801,538 EXPENDITURE ON.. Chariiable AfAivMes 161 823.057 9.9J7 832.964 648.595 TofAL RESOURCES EXPENDED 823,057 9.9)7 832.964 648.595 NET INCOME I IEXPENDITUREI 4.321 19.9071 15.5861 152,943 RECONCIUATION OF FUNDS: Brought foThvard 1,105.769 315,207 1.420.976 1.268,033 Transfers te fuThls Carrfed f<)rward I,iio, 305.3(1) 1.4153 1,420,976 Stateoffwal tlYe5 irdudes all gains losses rwnised in tt)&. All irxyfft expeiture derive frDm contsnuing adivibes The Dotes on pagas 13to 26 f(m W1 (rft fina485 sierrwts.
EMMAUS MOSSLEY IACompanytimited by Guarantee) 11 BALAN¢e SHEET As at 31 March 2U24 Company Regi5trion Number 03183965 F6xed a8sets'. TIble aets Total tixed assels 112) 653,229 683.057 683.057 ¢urrent assets: Debtors Cash at Bank & in Fland Totsl rrent 8ssets 113) 19.636 781.250 81X).8B6 808.703 8Z&.IY33 LSabllfjtSe5'. Creditors." Arnunts fa117pvJ thjewithin one year 66.872 62.967 Net curfent assets or Ilabi11118S 762.161 737.919 Total assets les5 Gurrent liabilthe5 1.415.39) 1.420.976 crtors.' Amounls klliry one ye8r 1161 Total nota88ets orll8bllltles 1,415.N) 1.420.976 The fund8 ofthe chaffty.. Resrricred income funds 1181 315.207 Unrestricted inconie funds 118} 1.110.tY3D 1.105.769 Total charity funds 1,415.39) 1.420.976 For the period in questian the £ompanywa5 entitled to the eywption conferTed by 5ertS0Tr 477 of the Companies Act 2(K)6. and th3t no notice h8S teen deposited under section 476 in relation to its accountsforthe financial year- 3nd the ditectors acthowledge their responslbllilies for - complwng with the qUirements of the CompaniesAct 2(Th Ymth respea to accowrting record5 andthE preparation of accounts. The financial statements hève been prepared in accord3ncE With the pro¢}5 3Oicat4e to COfflP3nie5 subject to the small companies, regime and in accordance with the prw54oll5 of 102. The financial statement5 were approved and authorised for issue tythe Trwtees 3rd September 2024 3nd sisned ¢n their behalf by.. AW lfjlbum The pages 13 to 26frrn wt Lltrse firwal smemwts.
EPIJMAU5 MOS5LEY IA Company itmited byGuaraffteel 12 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating %tivilies 28.314 187.027 Net cash pro¥lded by operntlng actlvitips Cash flows frorn inveslryEtrt adrt$. DivKlend$ 2Tr1 interest trorn invèsknents Purcase of woperty. grNI equipment 4.6291 {41,8211 Netca8h applled to InvestlDg actfvib 140.4981 Change In cash 8TrJ c8sb equivrrts during Ihe 27,453 146.529 Ca£h and cash equhfaleffls at the begir¥wry of thè y 781.250 634.721 Cash and cash equlvalents atthe e1 of th& year 808.703 781250 NET CASH FLOW FROM OPERAnNG ACTWMES 2024 20rJ Net outgolng resources Depreciation of tangible fixed assets Investtnent Income Decreasellincreasel in debtors IncreaselldecTeasel creditors 15.5B6) 34.17 (3.7681 1fj941 152.943 31.WJ 11.3231 77.X 173.4891 Net tash provlded by operaiiNgaetl¥lti 28.314 187.1)27 The pages 1310 26fm M crfthese firwai stab)*.
EMMAU5 MO55LEY IA Comparky Limtted byGuwatrteel 13 NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2024 I. GENERAL INFORMATtON Emmaus Mossl&y is a r89lsi8rI (tharftyya"rKJ L(xyJias Mill, Pknsltyt¢ aTKI 5UPWrt worldwde Emmaus rnodel. Tre charity is a company limrted by guee is In EngU W&s. The aYOres5 ofib re$(£ra offKt is Longlands Mill. Queen street. Asht0nder-LY1. OL5 9AH. Trtsu#ees ctiNllerthe rty kn be a publlc ty. 2. ACCOUNTING POLKIES 2.1 BASIS OF PAEPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance w¢th the statement of Re(ommenLd Practice ISORPI. Accounting and Reporting by(haTibes' wblithed 2019. the Crnpanies Aci 20[ and finanual ReFxKting Standard 102 IFRS 1021. the trustees hive reviewed the level of reserves avallable to the charity and consider tt appropriate forthe chartty to prepare its accounts on the 80ing concem bags. The current level of reserves takes into 31count the Ti5k Fxised by falling levels of Housing Benefit and the potentlal ftre loss of that income stream %wth the 8ovemrnent th8n8es to the weltsre system and the introduttion of Universal Credit. 2.2 TANGIBLE FIXED ASSETS AND DEPRECIATION All assets costing mre than £i,oriJ arecapitalised. Tan8ible fixed aets I SEated at £05t le55 deprlation. Oek¥eoation is Pro1ded at rates calcul8ted to write off the cost of fixed a55et5. less Eheir estimated residual walue. (wertheirexpected Leful lives on thE followi bas Freehold Property & Fixture5 Motor Vehicles Office EqulpmeftE 2%- 15% siraight line 25% re(4rj balar 2. 33% straim lire 2.3 COMPANY STATUS The charity is a eompany liDw by wartee. The member5 oflhe tompany are the Trusw on page l. Inthe ev# th& ch8rily bwTrJ wowd up. the Iklliiy In respecl ¢*lhe war8rrtee is limfvj ta £1 ptr mem1 ofthe cttwity. 2.4 FUND ACCOUNTING General funds are thrfrsln¢ %thich at 8¥8ilaNeforu5e ailhÈ discreti oftre TtUsb2s ofth&g8nwal objectwes of tne tharlty 8nd which have been de%gnaLed f¢r other purrKJ5e5. DeSnated furn1$ comprise thveslncted hjnds that have set aside by ts Twlee$tr rAJfpDses. The aim use of each Lle5ignated fund Is setoui rwxestothe fInarla1 statements. Restricted fund5 are funds which Bre to be used in aciordance with specific restrictions irnw)5ed by donors orwh¢th have been raised bythe charity for p3fEicular puipose& The costs of rai&ng and administering 5UEh are charged against the specilii fund. The aim and use of eaih restricted fund 15 set out in the notE5 to the financial 5tatementy There a 10 restricted funds. Investrnent income, gains al Iossesare allocated to the aFwowiate fut.
EMMALIS MOS5LEY IAComponybmited by Guarantel 14 NOTESTO THE ANANCIAL STATEMEIIIS For the Year Ended 31 Marth 2024 2.5 INCOMING RESOURCES All incomlng resources arÈ induded in the Statementof Finanoal Actsvities when the charity 15 leIlYent[l1ed to the Income and the 8mount can be quantified with reasonable accuracy. Donated services or facilities, which comprise dorwed r¥I. are included in irKome at av3luatlon whith is an estiThate of the financial cost borne by the donor wFre sud) a costi5 quantifiatAe and measurakAe. No income is recognised where there lsno financial cast barne by a third p8rEy. Income tax recaverable in relationto donations received under Gift or deeds of covenant is tOgl$ed atthe time ol the danation. Income tax rewverable in relationto inve5trnent income is recogni5ed at the tirne the investment irme is reiae. 2.6 RESOURCES EXPENDED All expenditure is 3ccounted for on an acuuab basi$3nd has be induded under eXpere cateEofies that aggrte all costsfor allocatlon to aCtIries. Where costscènnot be dÈre(tlyattributed to partiadar aCtItieS have been allocated on a ba515 consistent with the use olthe resource5. Fundraising costs are those incurred in seekinE voluntary cOnrribI0ns and do r1 include the costs of disseminating information in support of the charitable acti¥itie& Sukwrt C05t5 are those cost5 incurrEd directly in 5UPPOrt Df exppnditijre on the objerts ofthè charity and include projert management carried out at Emmaus Mo$4ey_ Governaftce costs are those incurred in conrwion with administrarion of the chartty and cOMlance Tmth constitutional and statutory reovirements. Grant5 payable aTe (haTged in theyeaf when the offer 15 made exiept in those lase5 wherethE offer 15 conditional. such grants being recognised 3$ expenditure when the conditions Ottathing are fulfilled. Grants offered subject to iondttions which have not been met at the ye£r end 3re noted a5 a cornrnitrThent but not aictued as Expendttuie. 2.7 6RAMt MAKING POLICY Grants are recognised in ihe accountin8 period in vthich the derigon is made to award the grant. 2.8 DEBTORS Short term debtors are measured at trattIOn wice. le55 any impairrnEnt. Loan5 leo1vale a measured Inltlally at fair val, nei of transacrion costs. and are measured subsequently at arry)rti*d cost ugnE ihe effertive interest rate method. le55 any ifflpairtnent.
IA Cornpany timited byGuaranteel NOTESTO THE FINANCLAL STATEMENT5 For the Year Ended 31 March 2024 2. ACCOUNnNG POUCIESlcontÈnLdl 2.9 CASH AND CASH fau1vArs Cash is represented by Cash in hand aad depositsmth financial in5titutiCnS TepayatAe thout palty on notl(e of not more than 24 hour5. Cash equivalents 3re highty liquid inve5ttnpntsthat rnature in no more than three monthsfrom the date of a¢quÉsition and that are readily convertible to known amounts ol cash wth insignificant Tisk of change in val. 110 FINANCIAL INSTRUMENTS Tre chatY only has financial assets and liabilthes ol a kknj lthai QL4qIty &5 fiwDal Ba5fir1al instrurfftnls 8re Inlually recognised on 8 transactiw 1e * subsequently Msed at thelr settleft%rn vaK Ihe eXCepOn of bank Eoans whKh are 5utrsewOy r1as 8t al 8INrtised cost using efferthve ¥rterest m8th(yJ. 2.11 CREDITORS Shortterm creditors arè thtrS8¢1 wice. Ctrr finantiai lithithes. I11[j bwk I. are rsred Ini118lly ai fair value. net oltransa¢tK) costs. e subsequenuy at amLYbS& O) using ts effecti¥e 1rttest¢até m&thoa. 2.12JUDGMENTS IN APPIYING ACCOUNnNG POLICIES AND KEY SOURCES OF EThMATION uNCERTNTy The company makes estim*es asSWnl0ns concemiw thefutwe. The resulting xwuntiw esbrnates Will. by definitw. seldom equal the related actual results. The esbrrwtes èrK1 èssumptions that have a significant risk of causinga matrrial adSustment to the carrying amOnIS of assets and liabilityes within the npxtfifta8I ar are addressed below. lil Useful economic live5 of tan8it4e assets The annual depreciztlon charge for tan8ible assets is sengtive to changes in the Estimated useful economic INes and re%dtsal values of the assets. The useful economic lives 3nd wdual lUeS are r&assessed annu311y. They 3re amended when necessary to reflect current estimates, based on teChnolo(al aévancernent. future investments. econornic uThlisation and the physical conditlon of the 3S5ets. See note 12 for the carrwn8 arrKsunt ufthe property, FAant and equifftnt and note 2.2 for the useful economlc lives for each classof assets. lill lrnpairrnent of debtors The company m3kes an estimate of the COVerable value of irade and otlErdebt¢rs. When 355e5sin8 impairment of trade ènd other debtors. manaqement consider5 facLors including rhe CUe[rt credit ratingof the debtor. the ageing profile of debtors and historical exFerieThce. See notE 13 fer the net cairyiw amount of the debtors.
EMMAU5 MOSSLEY IA Company rnIted 6¥a1ftee) 16 NOTESTO THE FIPIANCNL5TATEMENTS For the Year Ended 31 M3rch 2024 3. DONATIONS AND LEGACIES Unre5tr1cted Restrfjctsd Fund$ Funds 2024 2024 Totsi FuThJs Ttstsi Funds 2024 2023 Donations and Gift Aid 21,381 21.381 21.381 21,381 21.598 21,598 Previous reportin8 period Fund5 Fund5 Total Funds 2023 202? 2023 Donations and Gift A 21.598 21.598 21.S98 21,598 4. INCOME FROM CHARITABLE AcmvmES Unrestrfct¢d Funds 1024 Restrfcted Funds 2024 Totsi FUNJS Total Funds 2024 2023 Gatden Project I¢xl Housing Benefrt Rentsi IrKx)me Tr8ding Income Emmaus UK Grant Small Gr 3.431 1SI.27d 125.919 125.919 647,674 24.CO) 3,596 802.229 647.674 24.OLKI 3.5 802,229 1.869 16.C03 778.617
EMMAUS MOSSiEY IA Company rnIted byGLwantee} 17 NOIES TOTrIE HNANCIAL STATEMEFITS For thè Year Ended 31 March 2024 4. INCOME FROM CHARITABLE ACTIVITIES PrevvJu5 rewting peiiod Unrestrfjcted Restrtcted Funds Funds Totsi Fur*ds 2023 2023 2023 Garden Prolect IncorrE HtKJsing Benefit Rts1 Income Trading IrKome Small Grants 3,431 156,274 3.431 156.274 601,869 I6,3 778.617 &)1.869 16.003 778.617 S. INVESTMENT INCOME Unrestrkted Re5trlcted Funds Total Fund8 Total Fund5 2024 2023 2024 2024 Bank Interest 3.768 3,768 3.7e8 3,768 1.323 1.323 Prewous reporting Feriod Unr•strictsd Rostrlcted Funds Funds 2023 Tolal Funds 2023 2023 Bank Interest 1,323 1,323 1.323 1.323
IA Company Llmlted tyGuaratht*l i iil 18 NOTESfO ThE FINANCNL ¥fATEMENTS For the Year Ended 31 Mah 2024 6. EXPENDITURE ON CHARITABLE ACTIVTfiES Provision of Sokvtces to Homele55 Persons 2024 Toial Fund8 Totsl FuThJ8 2024 2023 Notes Building Repairs & M¥ir¥teD Cleaning & Hygiene Counol T8X Delatn Minor Equipment Insurance Rates SeoJriiy ServIng 94.968 2.410 1.623 34,457 11.n6 6,184 1,201 35 12,667 43.975 1.780 6.7 19.677 13.631 134,269 2.032 59,945 358,940 1,063 1.251 1.292 256 15.159 7.673 832,964 94.968 2.410 1,623 34.457 11,776 6.184 1.201 35 12.667 43.975 1,7 6.7(M) 19.677 13.631 134,269 2.032 59,945 3SB,940 I.3 1.251 1.292 256 15.159 7,673 832,964 4.661 1.594 3L590 2.288 9.104 2,086 10.458 225 Waste DisKM)sal Community Expenses Subscfipiions Solidarlty (Grams lo Institutts1 CompanIS Expenses Governance Cesis Tradlrvj Costs Wages & Sal8rles Casual Labwr Staff Tralnl Travel Volunteer ExFenses Vehlde RunnirvJ C¢ Supp1 Costs 7.101 10,479 11.125 10,679 121.218 1.485 45.243 318.234 181 17) 8.558 11,465 648,595 Resthcted funds Un8cted lunds 9,7 823.057 831964 648.595
EMMAUS MOSSLEY (A Companylimited byGuarathtetl 19 NOTESTOThE RNANaALSTATEMEpifs Fortheyeai Ended 31 Marrh 2024 7. SUPPORT AND GOVERNANCE COSTS Provision of 50rvlces to Homeless Pewi Totsi 2024 Ttstsi 2023 2024 support Costs Bank Charges Printing, postage and 5tatianery Office costs P8yroll costs Telephone TOTAL SUPPORT COSTS 1.471 1.471 1.479 1.212 1.255 3,394 7.673 920 4.620 11.485 7.673 Governance costs Accountancytees TrJsiees' costs TOTAL 60VEBNANCE C0515 1.71x1 332 2.032 1.700 332 2.032 1.4 8. GRANTS TO INSTmmoNS ISOUDARITYI Funds 2024 Funds 2024 Total Fund5 Total Fund 2024 2023 Pro¥isiw of Services to Hornekns PernS Relief of Pov 10.231 3,4(X) 13.631 10.231 7.449 .631 10.679 Total 2024 Total 2023 PractlC31 Actic sightver$ Comic Relief Tameside Community CorrTPUter5 M05sley Town Coron3tion Solidarity Booklet5 The Power of Resilien The Big Give UNHCR Falrtrade Mossley The Anthony Seddon Fund Romania British Heart Foundation EmMBu5 UK British Red Cross Doctors Without Borders Millbrook Pritnary i(M) 250 405 362 2LK> 1.3rKJ i(M) 521 1050 4,891 3LX) 250 140 Audiobook Finding Rainbows Macmillan Coffee Moming St John's Chrys¢stoms Parish Church Mossley5oup South Staffordshlre Freedom from Torture Mo551ey Town Team Emmaus Souih ManchesteT Oxfam Mo551ey Food Bank We Sh311 Overcome Tameside Solidarity Vouchers lor Schools 3LX) IOD 350 250 1.959 SCO 350 7(0 13.631 10,679
EMWUS MOSSLEY (Acompany UMed by Guarathel NOTES YO THE Fif4ANCIALSTATEMEIITS Fw the Year Ended 31 Mar¢h ZQZ4 8. SUMMARY BY FiIND TYPE Activltles undertaken dire£Uy 2024 GAntfundlng oIA¢tlvStles 2024 Support Totsl 2024 Tolal 2023 2024 Provision ofservices to HorrEless Persons Relief of Pov 811.660 10.231 3.4( 13.631 7.673 829.564 645,365 3.230 648,595 811.660 7,673 832,964 9. DIRECT ANDTOTAiCOSTS Provl$lon of setvlc8S to )meless Total 2024 Total 2023 2024 Trading costs Companlon costs Property cests Employee & VolurteeT C05t5 Deprea3tion Dirett costs 75.104 174.277 176.619 75.104 1742ri 176.619 53.801 153.9)1 319.407 31.5) 635.645 34.457 820.945 34,457 820.94S support costs Govemance cost5 7,673 2,Q32 7.673 2,032 11.465 1.485 Total c¢)sts 830.650 830,650 648.595 10. NET INCOMING RESOURCESIIRE5oUR EXPENIJEDI Thls is stated after chargin8= 2023 Oepreci3tion of tanglble flxed assets owned by the thariiv Accountanry fees 34.457 1,7C 34.457 31.590 31.5 During the year, no trustees reNed nY reneratIon or bets in knnd. Experfjes 1mbUr5ed ale di5(ltssed in note 20.
EMMAU5 MOSSLEY IA Company itmrted byGuanteel 21 NOTESTOTHE HNANCIALSTATEMENTS ortheyeai Ended 31 March 2024 11. STAFF NUM8ERSANO COSTS The average monthty nurnbe¥ of emKAoyees during the year wa5 a5follows: 2024 2023 MHnagernent and administration staff Direct charitab4e st2 No Èmployee receiv1 remunerion arnoynlingto more thaE) £60.IM) in eitheryear. 2024 2023 Wages and Salaries Holiday Psy Ac£Thl Emmaus UK Sw81 Securfty Costs Pension Costs 326.032 12.4621 29J.669 (3.8711 24.362 20.775 8.181 318.234 Charnable adivitias Suppart costs 318.ZJ4 318.234 Tha pension costs rde to ts Emnwus Mossley siaketK4der Pens 72469 Vth Grow) So110n$ Adminisiralion. Tre C04)perative GUp. PO 8ox 4254, Millèrsireei. MKhester. M60 3WF. ThLS is a mney staff menknws who want to take part pay in 3%of theirsalary and Emmaus Mo$e¥ matthesthi& There is no commitment onthe charity's behalf beyond IhSs. ith effect trom 1 Nowemb8r 2018 the chanty has also be9un to makè t4Jnkntxrtions to the autfrer¥( NESTstheme. a defined contribution stheme. for empws kyewously Included in ether pensitr) sd*mes Thetotal MUneratian of key rnanagetTErf per5Mnel, a$ disd0 page 1. is £161.324 I11rj emplW$ Nl pSth) 120Z8.' £138.orJo Ind19 empWe¢s n81(l.
EMMAUS MOSSLEY IA Company timtted byGuarrteel NOTES TO ThE FINANCIAL STATEAIENTS Forthè Yèar Ended 31 March 2024 12. TANGIBLE FIXED A8SErs Freehojd PToperty Motor Vehl¢188 orifjce Equipment T)tsl At 1 April 2023 Additlons Disposals At 31 Marth 2024 1358.979 42.980 1.458.443 4.629 4.629 1.358,979 42.58Q 61113 1.463.072 Depreclatlon At 1 April 2023 Charge foryear Elirninated on Oisposals At 31 March 2024 682.382 30.216 41.397 396 51.607 3,845 775.386 34.457 712.598 41,793 55,4S2 ).843 NEf BOOK VALUE At 31 March 2024 At 31 Msrch 2023 646.381 676.597 1.187 5,661 4,877 653.229 683.057 13. DEBTORS 2024 2023 Other Oebtors Prepayrnents and A(crued Income 11.302 9.028 20.330 11?17 7.719 19.636 Debtors and ppa¥D)eTrts related to resrrirted fvTrdsÉnil12023: £llill, and unrestrittedlund5nO.33012023.. £19.6361
IA Company timrted byGuarantetl NOTESTO THE FINANCNL STATEMENTS Year Ended 31 Marth 2024 14. CREDITORS.. Amouiifs FALUNG DUEWITHIN ONE YEAR 2023 Trle Creditors oth6rCr8ditors Soclal se(ritY and OllwTeS Holiday Pay Accrual Deferred Incor At£ruals 14.735 1.571 12.055 5.407 3.462 37.863 9.291 6.991 66.872 62.7 15. DEFERRED INCOME Defwred irthme ComW grants arxl other itha10)¥erS a the year eThJ a14nce 8s 811 April 2023 Arnounl released to Irrt))me from ttrItab vitses Amount deferred in ye8r Bai4rKe at 31 March 2024 37.8&1 (37.8631 9.291 9.291 16. CREDITORS: AMOUPITS FALu1 AFfER MORE THAN 014EYEAR Bounce 88ck L Emmau5 UK Loan 17. FIPIANCIAL INSTRUIIENTS 2023 Finanual Èss$ m8ur8d ai Mrbsed cost Finanaal liabilities measureo at am0Sed o)st Final assets ojnsist of catsh and olberdebtoxs. Financlal Ilabilitses consist of trale Crlit[S. (knr creditfAs acLS 829.033 e6,872 62,967 18. STATEMENT OF FUNDS Analysis of movomefts In unrestrfGt¢d funds Balan¢0 * 1 April 2023 Incomlny ResouY¢8S Resources Exptrnded Balance at 31 March 2024 TraTh8lers Gra1 Fd5 7.128 827.378 I.580) 518.926 Designated Funds.. Building & DeveloprNeTrt FuThJ Environmental Imprv4erTEnts Fund The Shaw Fund CThrtingency Fund 130.C t75.CO) 43.641 122.6631 134.8141 107.337 140.186 43.641 3CN).OCN) 591.164 648.641 157.47n Tot81 Unrestrictv31 FurKI$ 1.105.7S9 827.378 I8.057) 1.110.
EMMAUS MOSSiEY lACpanY knrnfced by Guarantee) NOTE5TOTHE FJNAPlCtALSTATEMENTS Forthe Year Ended 31 Mah 2024 18. STATeMeNT OF FUNDS continLrd Analy818 of m¢)vements In unrostrkthd funds Previaus reporting period Analysls of movements In unrnstrictod fund5 8alaThte at 1 Ap1 2Q22 Tncomlng R880urres Resour$ Expended Tran51or8 Balance at 31 March 2023 G[1 FvJ$ 475.259 801.538 ISK2.3321 125T.33n 457,128 Designated Fund5'. Buildlng & Dwelepment FLYKJ Environmentsl ImFmvements Fw The Shaw Fund Contingen¢y FurKI 139.019 7S.(KK) 43.641 210.(KKJ 467.660 176.3561 67.337 1CO.I 130,L 175,mD 43.641 3CQ.WD 648,641 176.3561 257.337 Totsl unrestCted F¥JS 942.919 801.538 1638.688) 1,105.769 An8lysl8 of mov8m8nts In restri¢t8d frS Balance at I Aprfl 2023 Incomlng Resourc8s EXnded TYansfor8 Balanc8 at 31 March 2024 Tudor Trust (La Purchasei TudorTrust Buildiry Purtha5el English Partnership Natial Lettery 75.( 33.4 11.5001 12,(Wl 16.347) (9.gJn 31. 47.540 150.770 157.117 315.207 Previ8 reportlng wiod Analysls ol movements In restdcted lunds Balance at t Aprfl 2Q22 Incomirtg Rosourtès Balwncg at 31 March 2023 TudorTrust (Land Purcha5el TLKlorTrust Building Purchase) Ewlish Partnership National Lottery 75.(XYJ 34.99Ct 51,860 163.464 325.114 75.0 33.490 49,6( 157.117 315.2U7 [2.0601 16.347) I9,
EMMAUS MOSSiEY IA Company knmited tyGuarantee) NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 Ma¥th 2024 18. STATEMENT OF RJNDS Icontinuedl Purposes af re5trirted funds.. Tudor Trust, En81ish Pèrtnership and National Lotteryfur5 represent the depreciation cost In res*tt of caimtal costsof txJrchas¢ng and establi5hin¥ the CotThmunity at LorElands Mill. Purposes of design2ted funds- A desiEnated fund has been set aslde to imkyove the p051tiDn of the Companions at Mossley. foll0vA the reoipt of a le8acy frotn Mr and MT5 Shaw in the Yearered 31 Marth 2(NJ8 of £78,173. This curyently 5tand5 at£43,641. A second designated fund. the contlnEeocy fund. has e5tabli5heé for E210,IXA). equiwalent to 3 months of unrestricted expenditure in line with the trustee5' Te5erves wlicy. A develownentfund h3s been created to ensure that thwe are fundsavallable to aid Ihe growth of the trading side (rfthe charitys activities. This will be 5ppnt in the nexttwelve rnonths. bulldin8 fund has been designated to allow hJnd5 to be earmarked for future capital Projec This will be spent inthe next Purposes of untrICted funds: Free re5erve5= £172.837 The balance Of nStricted Ivnds lund the depreciation cost in respett of captal o)sts of purchasiry and estsWishin8 the Comtnunity at Longlands Mill. 19. ANALYSIS OF NET ASSETS BETWEEN FLINOS ilnrestd¢ted Dp5ignated R•strictsd lundg funds funds 2024 2024 Total 2024 2024 Tangiblefixed asÈets Cash ai bank and in hand Other net Gutrent wewlli8blliliesl Total 346.089 219.379 146.5421 518.926 653.229 808.703 146.5421 3(6.3C#) 1.415,H) 589.324 591.164 Pr8ViWS [rtIng w¥xl Unrestrfcted Desiynaied Restrkted funsts frjnds 2023 2023 Toial 2023 2023 Tangible fixeil assets Cash at bank in htt othw net cutrent sel$ll1$abll1lle5j Total 4.052 6M.589 315.207 6B3.057 7B1.250 143.3311 1,420,976 136.681 143.3311 457.128 646.641 315.207
EMMAUS MOSSLEY IA Cthnparhytirnited by Guarahteel 26 NOTESTOTHE FIPIANCIALSTATEMENIS the Year Ended 31 Marth 2024 19. ANALYSIS OF NET ASSETS BETWEEPI FUNDS Gontlnued FREE RESERVES 2023 Unrestricted Funtts Held as Fixed Assets Available funds 1.110,0 1346.oa>i 764.001 1.105.769 {363.7981 741.971 De518nated funds.. Building & Oevelepment Fund Environrnental Improvernents Fund Sh3w Fund (lo7.7} 1140.1861 143.6411 I.(A)i 1175.CKOI 143.6411 iy)J.(wi Contin8eniy Fund Free Reseryes 172.637 20. TRLISTEES, EXPENSES Trustees were reimbursed in the period fortravel and 5ub5iStentr costs incurred on behalf of the Chaiity for 2024.. £nil12023.. £nill. The trusree expenses in these accountscomk¥ise ftowers and funeral 105tsfor a trustee. 21. REL4TEO PARTY TRANSA(TJONS There were no tranwtions with related parties that require disclosure in the finanoal statetnerrt5. 21 OPERATING LEASE COMMITMENTS At 31 Marth 2024 the charity had future rninimum lease payrnents undEr rJ-ellab1e operation lease5. as follows.. 2024 2023 Not later than l year Later than l year and not later than 5 years 10.517 11.176 21,723 6.872 11.176