Dvcusgn En¥dcye10." A3155AIF-81CW8>9f￿￿BNfj8s682gD4F Registered number: 03422363 Charity number: 1064473 EMMAUS CAMBRIDGE (A Company Limited by Guarantee> TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 •ACMY0Zty 31107r2023 COMPANIES HOUSE A14 Do¢uSYJn Envew ID.. A3155A1F.81C0408S￿F￿&O&6￿2￿F EMMAUS CAMBRIDGE (A Company Limited by Guarantee) CONTENTS Page Referenc& and Adrnlnislrative Details of the Charity, its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Financial Statements 10-14 Consolidated Statornent of Financial Activiti•s 15 Consolidated Balance Sh¢el 16-17 Charity Balance Sheet 18-19 Consolidated Statem•nt of Cash Flo 20 Notes to th• Financial Statements 21-36 D¢xu&gn Enwel¢pe ID.. A3155A1F.81C04DB5-gDF￿B￿fj8￿2￿1F EMMAUS CAMBRIDGE IA Company Limited by Guafanteo) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2022 Trustees Dr C A Cornish Ms A Daws lappoinled 5 Juty 2022) Mr J Dawson Mrw Ert)y Mr J Humpslon (appointed 5 May 2022) Mr M G Last IresvJned 19 May 2022) Ms L E Matheson MsJMay Mr J W Murphy Ms C Nicol (appointed 5 July 2022) Ms H M Renfr￿ Knight Ms J Rippeth (resigned S Juty 20221 Dr P J F Summerf*kl Ireswjned 7 March 20221 Company registered number 03422363 Charity registerod nufflber 1(E4473 Registered oifi¢e Green End Landbeach Cambridge Cambridgeshi CB25 9FD Chief executive officer Ms O t)o¢herty Independent audito Peters Ehworthy & Moore Charte￿￿ Accountants Salisbury HoLbse Station Road ¢￿bridge C812LA Bankers CAF Bank Lwnrted Kings Hill West Malling Kent ME19 4JQ CambrKlge Building Soc PO Box 232 51 Newmarket Road Cambrhlge CB5 8FF Tri(MJos Bank NV Deanery Road Brisl BS1 S4S Page 1 OorJJStyJn Envdope10.. A3155A1F41CO4￿￿9￿thffj8￿ EMMAUS CAMBRIDGE {A Company Limited by Guarantsel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifi. ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2022 Unrty Trust Bank p Four Brindley Place Birmingham 812JB Page 2 Dc¢JJSbJn En%*lcye ID.. A315SA1F.BICN08&9DF￿w89sB2gD4F EMMAUS CAIABRIDGE IA Company Limited by Guarnntee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2022 The Tnjstees present their annu* report together wilh the audited financ￿1 statements of Ihe charity for the year 1 November 202) to 31 O¢t¢)ber 2022. The Trustees confimi that the Annual Report and financial statements of the c￿npanY compty wf(h the cvrrent st*utory requirements. the requirements ol the company's governing docurnenl and the provisions ol the Statement of Reccynmended Prattice ISORPI. applicable to charities preparing their accounts in accordance wrth the Financial Reptsting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe 1 January 20191. Since the charity qualifies as small under sectTon 383. the slrntegic report required of medium and large companies under The Compan￿$ Act 20C6 IStralegi¢ Report and Directorf5 Report) ReguLalions 2013 is not required. Constitution The charity ts constitLrted under a Memorandum of A$S￿￿tiOn d*ed 20 August 1997 and is a registered charity number 1 C64473. Our Vision A worfd in which everyone has a home and a sense of belonging. Our Mission Emmaus Cambridge is committed lo working as a communrty, sharing a life where everyone is treated equally, and living in hamony wth dignty by helping those less fortunate than ourselves. Our Strategic Priorities (which a￿ sel in line ￿th the Emmaus UK Federation Plan) are lo." Help more peop￿ by.. Working wrth companions to help them realise their a$piralKJns and full potential Delivering a wk1e range of acttvilie5 to address social eXClu￿on Secure sustainability for our community by.. Increasing income and Surplus to ensure sustainabilty Bvihding an en￿ronmentallY focused ar￿ organisat￿n Demonstrate organisalKJnal sustainability and eth￿1 practice Support the Emmaus Federation by. Demonstrating unty and working tt)3ether other Emmaus communrties for mutual benefit Promoting who we a￿. what we do. why and htrw we do it as part of the wider Ernnaus movement Objectives and Activities In setting c*JjectNes and planning for aclivities. the Trustees have given due consideration to guhlance published by the Charity Commission relating to Publ￿ benefft, and in particular to ts supplementary public benefrt guidan￿. The objects of the eh8rrty a￿ the allevk4tron of hc¥nelessness and relief of povety, hardship and the distress they cause lo those in need. Our slraleglc plan runs from 202110 2026. Work wilh compantons to realiso their aspirations and potenlial by: Delivering Companion Support and Development Developing a range of employment and move-on housing cpttlns Creating MO￿ homes Deliver a wid8r Tange of activities lo addrnss social exclusion by: Expanding our actNrties beyond the cur￿n1 co￿unrtY mtrjel Page 3 Oo¢u&gn En￿ope ID.. A315SA1F.81CO40B&gflF￿PA68￿29D4F EMMAUS CAhl8RIDGE {A Company Limlted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2022 Operate a range of soclal enterprises to provide financial sustainability by: ncrease income and surplus lo ensure sustainabilty Improving our prcKesses & making better use of lechnokgy Build an environrnentally focused and active organisation by: Becoming a beacon kncy•Vll for our environmental values aTrJ practtss Demonstrate organisational sustainablllty and ethical practice by- Develop Ihe Emmaus Cambndge organlsalion through working with staff to achwe their amkM"lion5 and polenli Ensuring that we have the staff. Infrastr￿tUffe and local support needed to sustain oursefves Growing through partne￿hipS Demonstrate solidarity with the UK Federation and working together for mutual benellt by: Supporting other Emmaus C¢)mmunrties in UK, Europe & intematK)nalty, through solhlarity activities. Facilitating companion involvement in the wider mOve￿￿nt Promote who we are. what we do, why and how we do it by: Enhance brand credibility through greater understanding by those who engage with us Solidarity Solidarrty continues to te an important In line with the strategy atjove. There has been a signrficant increase in dernand for solidarity packages (heavily subsidised} packs of furnrture for those in most need (see below). The Trustees are committed lo continuing our commrtment to sdthrty. Wider Emmaus We continL￿d to work closely wrth Emmaus Suffclk and olher ccrfnMUnrt￿. Emmaus UK welcomed a new Chief ExecutNe in the year, and we have work&J dosety wrth her to support her in her new rde. Emmaus Cambridge has signed up to the rw Federation Agreement which clearly sets out the purpose and roles and responsibilities of the Emmaus UK and all feder*ion members. We have also been actively involved wrth the Evol￿n9 Emmaus prcws, wrth our CEO and Choir sitting on the steering group, and companions sffting on all companion groups. The staff and companion are encouraged to aliend all Emmaus UK peer support groups, with one of our companions actively involved in the nalhjnal compank)n forum and the prc#Juction of the Companion Voice One member of Stsff and one wmpaniorb attended the Emmaus World Assembty in Uruguay. Subscrlptions {grants Emmaus InlemalK)nal recetved 1.5% of trading income." £13.615 Emmaus Europe receive)k Frt)sts {shared. link clth, post likes) 329 new Facebook folbwers Twiller posts reached 60,400 people 37 pieces ol Pfess coverage wi(h a lotal reach of 4,056,771 Emmaus Cambridge appeared in Daily Mail and Woman & H¢xne magazine Programme related investments The charity's main investment is tts lan¢J and buiklings comprising Companion and staff accommodation. warehousing and trading premises al the communty al Landbeath, near Cambridge. 8uilding workslmaintenan¢e Through¢)Ut the year, our dedicated buikling team wrth companion support h8ve continued to upgratje, exteftd and irnprove the qualty and quantty of our shop spaee, a¢eommodatKJn and other buildings. Over the past year they have= Built a donation hub in the top car park. Finished the ￿-$rtIng of the main entrance into the retail area and upgrade the shop front 8uitt a new maintenance wor*shc4). Second car path ccKnpleled. Installation of a lift joining our mezzan¥ie flC￿ lo the ground. The incredible donation from the Hill 2￿ Foundation of 6 modular was stsrted in the year and will be ready for ctcupalK)n in early 2023_ During the next year we wll: We will move oui emporlum building to the 01￿1 end of cmjr site. Refurbish the eleclri¢al v4￿rkshop_ Refurbish the okj ¢Jelivery bays. Financial Review Going concem After makin9 appropriate enquiries. the tTUStees have a reasonable expectation Ihai the charity has adequate resources to continue in operational existence for Ihe fofeseeable future. For thi5 reason, they continue lo adopt the going concem basis ￿ preparing the finanaal statements. Reseples policy The truslees have carried out their annual rev￿ of their reserves polw in the year. As part of this process. they have considered both the finanaal Impact of risks facing the charity as wdl as ￿selVeS required for future planned capital projects, commthRnts and contingent events. P&Je 6 Do¢uSign Enwlcge ID.. A3155A1F.BICwB&9Cf￿1ffj8￿82￿AF EMMAUS CAMBRIDGE (A Company Limited by Guarant￿) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2022 Designated Funds CessalKJn of operalions Capital projects Note Amount 240,000 30,000 The Trustees have agreed Ihal the charity should hold 3 months ¢)perating expenses in reserve, and in particular ring fence sUff￿￿nI funds to rn￿t credrtor5 and obli9al￿nS lo Companions and staff should we be forced to cease operations. We have planned further caprtal prciects as listed above, aTrJ we have allocated £30,000 to meet the estimated costs. Al the year end the Charty had total funds of £2.869,731 of wfiich £612,878 are restrided. 01 the £2,256,853 unrestricted funds, £2,033,224 are rep￿sented by fixed assels ￿8vIng free re5eNes of £223.629. After the above designations, free reserves a￿ negatrve £46.371. against a tsrget of £NIL. The trustees expect lo repair this defiul in the coming year. Principal funding The results of the year's operations a￿ sel out in the attached financial statements. The nel inflow of funds amounted lo £395.225 12021 £26.9781 after induding donations of £564.4C6 12021 £74.784), grants of £48,600 12021 £170.6401 and one-off legac￿ of £7.139 12021 £01 and the lotsl inccwne raised was £1.888,161 {2021- £1,303.2091 £10.500 12021 £10,625) has been spent on governance costs. wthilst other expenditure has focused on supporting companions. their accommc*Jation and welfare. the business activities including adminislratton. the running ol the workshops, the retail shop and the collectKJn of donated goods. all of which create the important platform lor supporting and devekjping companions, personal skills and sewesleem. Demand for colle¢tKJns continues to be strong and we make behveen 20 and 30 collections over 5 days each week of donated goods. The number of rtem$ offered continues to rise and although not all rtems offered are suitable. which has increased our disposal costs. we work hard to minwnise what we send to landfil. Donations lo site continue to be gc(xl wth an average 430 donatKJns per week, the qualty of the donat￿nS has impioved from lasl year. Governance and management Method of appointment or election of Tru$te•s The management of the chanty is the respon$ibilty of the trnSte￿ who are e*ed and co-opted under the lemis of the Articles of Assoc1*w￿. Trustee nomin81ions efthef come from other trustees wrthin the charty and rts supporters or via open advertisement and must be approve(I by exisling truslees. in accwdance wrth the Articles ofAssocialion. When specific skills are required. approache5 are made lo people with relevant expertise who are 5ympalhelK to the ethos of the charty. If necessary. a Iwstee would be cwpled 5pectfically lo cover the reqUI￿d function. The current Trustees and those who served during the year are shcwn on page 1. Policies adopted for the indudion and training of Trusto0s Each new Iruslee is required lo undertake an induclK)n Pfogramme which includes briefings on their legal and ethical responsibilities as Irust*s. the ethos and values of the Emmaus movement together wrth the governance, history and operation of Emmaus Carnbr￿e. Page 7 Docu&gn En¥ekp2 ID.. A31s5A1F41C0408>W&&4689682￿mF EMMAUS CAMBRIDGE (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 OCTOBER 2022 Annual appraisals of Iruslees are urthrtaken to measure Iheir collective and indmdual performance and suitable training is offered in line with the NCVO CcKle of Goc•J Governan￿. Organlsatlonal structure and declslon making In order to wod( effeclivety tmrds the a1￿latIOn of hryne￿s$ne5s and ￿lief of poverty and hardship and the distre55 they cause to those in need, the board of trustees and the leadership team believe that Companions musl be al the centre of the organi58t￿ft. and this is rel*ed in the structure of the charity. Weekly meetings of the communrty take place lo discuss and agree decisions wh￿h affeet rt. Two volunteer companions. acting as observets are also invited to attend antl parti¢ipale in board meetings. Companions are also engaged exten5ivety in decisions through Ihe Committees, the solidarity subcommittee and working groups and daily meetings. Full con5uliations wth companions are also undertaken on strategic issues and major projects. Related party relatlonships Emmaus Cambridge is a rnember ol the Emmaus UK federation. wcrfking ak)ngside other cnmmunities and groups. Risk management Trustees have introduced risk management polic*s and a nsk register whith aims lo manage and miligale risks that the charity might face, and this is rewevrtl Tegularfy. A nominated trustee oversees heaf(h and safety issues throughout the community wrth nominated personnel having day to day ￿SponsIbl111Y for ensuring compliance. Future developments Sliategic Plan 2021-2026 The Strateg￿ plan was develcyed in line wrth the Emmaus UK Strateg￿ plan, our agre&J StralegK priorrties afe.. We will help more Peop￿ by.. Enhancing wr support offer $0 we can work wrth cOMp￿X people. Devekjping our companion offer. Increase the profile of solidarrty lo help more peop*. Install self9DFW6896B29D4F EMMAUS CAMBRIDGE (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE ICONTINUEDI OTHER INFORMATION The other information ccfnprises the inlomiation included in the Annual Report other than the financial staternent5 and our Audrtor5' Report Ihereon. The Trustees are responsib￿ for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and. except lo the extent othe￿iSe explicrtly slated in our report, we do not express any foffn of assurance conclusion Ihereon. Our responsibility 1$ to read the other infomwtson and. in doing so. Cons￿er whether the other information is materially inconsislent wrth the financial statements or our knowledge obtained in the course of the audit. or othewse appears to be materialty misstated. If we identify such materLg1 inconsistenctes or apparent material misststements. we are required to detemiine whether this gives rise to a material misslalement in the financial statements themselves. 11. based on the work we have perforn￿d, we conclude that there is a material misstslement of this other information. we a￿ required lo report that fact. We have nothing lo report in this ward. OPINION ON OTHER MATTERS PRESCRIBEO BY THE COMPANIES ACT 2006 In our wnion, based on the w￿k undertaken in the course of the audit.. the Information given in the Trustees, Rep￿ for the finanaal year for which the financial statements are prepared is consislenl with the financkgl ststements. the Trustees, Report has been prepa￿ in XCOrdan￿ with applicable legal wuirements. MATTERS OM WHICH WE ARE REQUIRED TO REPORT 8Y EXCEPTION In the Ipahl of our knowledge arKI urththnding of the ehartsble ccffipany and rts environment obtsined in the course of the audit, we have not ￿entffied material misstalemen15 in the Trustees, Report We have nothing to report in respect of the fdlNin9 matters in relat￿n to which Companies Act 20(6 requ us to report to you rf. in our ¢¥)inion'. the parent charitable company has not kept ajequate and Suffic￿nI accounting records. or relums adequate for our audrt have not been received from branches not visited by us.. or the parent charitable company finanaal stalements are not In agreement wth the accountsng records and relvms". or certain disclosu￿$ of TTUStees' remuneration specIf￿d by law are not made., OT we h8ve not received all Ihe infonnat￿n and explanations we require for our audrt,. or Ihe Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, eXeMpt￿S in preparing the Trustees. Report and from the requirement to prepare a strateg￿ Report. Page11 DooJSTran Envelope ID.. A31S5A1F.B1Cfy40￿9DF￿6896829D4F EMMAUS CAMBRIDGE (A Company Limited by Guaranlee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE {CONTINUEDI RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees, Responsibili(ies Statement, the Truslees (who are also the directors of the chantable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being Satisf￿ that they give a true and fair view. and for such intemal control as the Trustees delemiine is necessary to enable the preparation of financ￿1 staterrÉnts that are free from material misstatement, whether due to fraud or error. In preparing the financial slalernent5, the Trustees are responsible for assessing the Group's and the parent charitable ¢¢¥npanls abilrty lo continue as a going con￿rn, disclosing, as applicable, matters related to going con￿rn and using the going concern basis of accounting unless the Trustees erther Intend lo l￿uld3te the Group or the parent charitable ￿mPanY or to ￿se operations. w have no realistic alternative bul lo do so. AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives ar8 to obtain reasonab￿ assurance about whether the fnancial 5tstemenls as a vthole are free from malerral misstalernenl, whelhef due lo fraud or error, and lo issue an Avdrtors, Report that includes our opinion. Reasonable assurance 15 a high level of assurance. but is not a guarantee that an audrt conducted in accordance with ISAS IUKI will ahvays detect a matenal misstatement when il exists. Misstatements can arise from fraud ￿ errol and are consKlered material rf, individualty or in Ihe aggregate, they could reasonably be expected to influence the ec¢)nomic decisions of users taken on the basis of these financial 51alements. Irregulanties. including fraLKI. are instances of r￿l-COmPlIar*ce ￿th laws and regulations. We deS￿n procedures in line with our responsibilities. outlined above, lo detect materral misstatements in respect of irregularities, including fraud. The extent to Wh￿ our procedure5 are Capable of detecting Irregularrties. including fraud is detailed below.. Our approach lo Klenlifyiry and assessing the risks of material misst*emenl in respe¢t of irregularities, including fraud and non-compliance wilh laws and regUL3t￿ns. was as follows. the engagement partner ensured that the eng4ement team collectNety the appropriate competence, capabilities and skills lo idenlrfy or recognise non4comp11an￿ 4wth applicable laws and regulations,. we idenlrfied the laws and regul*ions applicabte lo Ihe group through discussions with trustees and other managernenl, and from our knowledge ol charity and company law and eXper￿n￿ of the sector., we f¢xused on specific laws and regul*ions which we c￿Sidered may have a direct materBI effect on the financial statement$ or the ¢)peralions of the charrtable ¢ompany, including the Companies Act 2006. Charittes Act 2011 and UK taxatkjn legislat￿n, as well as those laws and regulations relating to the group'$ operations SLtch as UK employment legislation and health and safety. We assessed the extent of compliance wrth the Lsw5 and reguklK)ns idenlffied above through making enquiries of management and inspetting legal Cofrespondence", identif*d laws an(1 regulations were communicated wi(hin the audrt team ￿ularlY and the team remained alert to instances of non-¢ompliance Ihroughout the aLKIrt", and we reviewed the minutes of Trustees. meetings lo identify any references to non-compliances with laws and regulations. Page 12 Dow&gn Envelope ID". ￿lS$AlF.BjCc￿40B￿9DFg&A6B￿2gtMP EMMAUS CAMBRIOGE IA Company Limitwl by Guarnnte•) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE ICONTINUEDI We assessed the susceptibility of the group's fina￿1* slatements to rnater￿1 misstalemenl, induding obtaining an understanding of how fraud might occur. by. making enquiries of management as lo where they consKlered there wa5 SLJs¢eplbilty lo fraud. their knowledge of actual. suspe¢led and alleged fraud. and considering the inlemal contrd5 in to mitigate iisks of fraud and nOn-￿mplI￿ with laws and regulations. To address the risk ol fraud through management bias aThJ overrth of conlrds, we.. performed anatytical prccedures to identify any unusual or ￿neX￿ed relalKJnship$'. tested joumal entries to identfy unusual transactions". evaluated the assumptions and judgements Used by m*4ement wiihin sKJnificanl accounting estimates and assessed whether these indicated ewderKe of management bias." and perfomed audit woik over the risk of managemenl override of Controls. including testing of journal enlrEs and other adjustments for appropriateness. evaluating the business rationale of significant transactions outskle the normal course of business and reviewiThJ accounting estimates for bK4s. In response to the risk of irregularrt*s and non-compliance with laws and ￿UlatIOns, we designed procedures that included, bul wwe not limrted to.. agreeing financial slalemenl disdosuies lo undedwng SuPp￿ling documentatKJn", reading the minules of meetings of thosed charged wrth govemance. enquiring of management as to actual and potenti?1 litigation and claims.. and reviewing cOrresponde￿e wr¢h rethnt regulators such as the ChaTrty Commi$$ion. The￿ a￿ inherent limitations in cwr audit procedures described above. The more removed thal laws and regulations are from financk81 Iransaclion$. the less likety it is that we would become aware of non-compliance. Auditing standards also limrt the audrt pr(Kedures required to ￿enIty non-compliance wrth laws and regulations lo enquiry of the directors arKI other management and the inspectK)n of wulalory and legal correspondenee. if Material misstatements that arise due to fraud can be harder to delect than those that *i$e from error as they may invofve deliberate concealmenl or cdlusion. A further description of our responsibilthes for the audrt of the financial ststements is bcated on the Financial Reporting Councifs website al.. www.f .uklaLKlitorsres nsibilrties. This de￿rIptIon forms part of our Audrtors, Repcyt. Page13 DowSbJn Envdope 10.. A31S5A1F-B1C￿>￿jF&B￿￿￿ EMMAUS CAMBRIDGE (A Company Umit•d by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE ICOMTINUEDI USE OF OUR REPORT This report is made solety to the charitable companls members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and to the charrtable companls trustees. as a boJy, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audrt work has been undertaken so that we mKJht stste lo the charitabk companys members those matters we are required lo stale to them in an Auditors. Report and for no other purpose. To the fullest extent pemitted by W. we do not accept or assume responsibility lo anyone other than the Charrtab￿ company and its membefs. as a body. for our audit work, fcrf thts ￿pOrt, or for the opinions we have formed. fvlicfv*l qerftt- Michael Hewett (Senior Statutory Auditor) for and on behalf ol Peters Elworthy & Moore Chartered Accounlanls Slalutory Auditors Salisbury House Slalion Road Cwnbridge C812LA Date.. 31 July 2023 Page 14 Or*JJS¥n Envdtyelo." A31SfjA1F.B1C￿4￿￿F￿￿￿9682￿4F EMMAUS CAM8RIDGE (A Company Limited by Guaranlee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENOEO 31 OCTOBER 2022 RestTiCted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note INCOME FROM: Donations and ￿9a¢￿S Charitable a¢tivilies Housing benefrt Social enterprise Interest income Other income 474,225 145.920 620.145 245,424 344.359 909.110 344,359 909,110 347,608 702,597 305 7,275 f3.939 13.939 TOTAL INCOME 474.225 1.413,936 1.888.161 1.303,209 EXPENDITURE ON: charitab￿ aclNities 4.601 1.488,336 1.492.937 1.276,231 TOTAL EXPENDITURE 4.601 1.488,336 1.492,937 1.276,231 NET MOVEMENT IN FUNDS 469.624 174.41)01 395,224 26,978 RECONCIUATION OF FUNDS: Total funds brought lo￿ard Net movement in funds 143.254 469.624 2.331,2S3 174.4001 2.474,507 395.224 2.447.529 26.978 TOTAL FUNDS CARRIED FORWARD 612.878 2.256,853 2,869,731 2,474,507 The Consoli¢Jated Slalemenl of Financial ACINIt￿ includes all gains and losses rwnised in the year. The notes on pages 21 to 36 fomi part of these financial $Mements. Page15 Docu&w En￿l￿t 10.. A31￿lF-BIcr￿Ces9OF￿6N￿￿ EMMAUS CAM8RIDGE (A Cornpany Limited by Guarantee) REGISTERED NUMBER: 03422363 CONSOUDATED BALANCE SHEET AS AT 31 OCTOBER 2022 2022 2021 Note FIXEDASSETS Taftgib￿ assets 2.606,543 2.165,746 2.606,S43 2.165,746 CURRENT ASSETS Debtors Cash at bank and in hand S2,046 367,429 66.832 394,359 419A75 461.191 Credit¢ys.' amounts falling due wrthin one year 10 (128.851) {112.8991 NET CURRENT ASSETS 290.624 348.292 Creditors.. amounts falling due after more than one year 127.436} 139.5311 TOTAL NET ASSETS 2.869.731 2,474,507 CHAWTY FUNDS Reslricled funds unrestr￿ed funds 12 12 612.878 2.256,853 143,254 2,331,253 TOTAL FUNDS 2,869.731 2,474,507 Page 16 Docv&gn Envelope ID.. A3155A1F.B1C04￿9oF￿66g6825D1F EMMAUS CAMBRIDGE {A Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CONSOUDATED 8ALANCE SHEET ICONTINUEDI AS AT 31 OCTOBER 2022 The Trustees acknowledge t￿1r respongbililies for ¢¢￿p￿n9 with the requ1￿mentS of the A¢t wilh respect lo iecounling records and P￿Parat￿n of ffinancial ststwnents. The finan¢ial ststerrenls have been prepared in xctydance with the prow$K￿$ applicable to entities subject lo the small compan*s regiwÈ. The financial sL*emenls were approved and authonsed for issue by the Trustees and soned on the(r behatf by.. M$ L E Malheson Trustee Dale.. 31 Juty 2023 The notes on pages 21 to 36 form part of these fInar￿￿1 sL*ements. P4e 17 OocuS"gn Enwdope10." ￿lW￿lF.￿lcfHo￿￿9￿￿5683KmF EMMAUS CAMBRIDGE (A Company Limited by Guarantee) REGISTERED NUMBEIL. 03422363 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2022 2022 2021 FIXED ASSETS Tangible assets 2.606.543 2,165,746 2.606.543 2,165,746 CURRENT ASSETS Deblofs Cash at bank and in hand 41.663 366.429 59,168 393,057 408.092 452,22S Creditors." arrth)unts falling due bwthin one 10 1128.851) (112,8991 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 279.241 339,326 2.885,784 2.505,072 Creditors.. amounts fallin9 due after nK)re than one year 127,4361 139.531} TOTAL NET ASSETS 2,858,348 2,465,541 CHARITY FUNDS RestrKted funds un￿$111Cted funds 12 12 612.878 2,24S,470 143.254 2.322,287 TOTAL FUNDS 2,858.348 2,465,541 The Charitys net movement in fuThJs for the year was £392.807 {2021- £40,275). Page 18 OocuS*in Envelope ID.. A7155A1F41C0408590FgPA68WSD4F EMMAUS CAMBRIDGE IA Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CHARITY BALANCE SHEET ICONTINUEDI AS AT 31 OCTOBER 2022 The Trustees ackncwledge their responsitNlit￿s for etynpl￿.rt9 wrth the fequirerrents of the Act Nthth respect to accounting records and preparation of financial statements. The financial ststeffents have been prepared in accordance with the provis￿nS applicable to entities subject to the small companies regime. The financial stslements were approved and aJtlKiriS￿ for L8sue by the Twslees and $wJned on their behalf by.. sA￿s Ms L E M•lheson Trustee Dale.. 31 Juty 2023 The note5 on page$ 21 10 36 form part of these ffinancral statements. Page 19 Do¢uSgn En%eiope ID." A3155A1F.8ICo4W￿￿&468￿9D1F EMMAUS CAMBRIDGE IA Company Llmlted by Guarantsel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2022 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operating activities 71.470 59,785 CASH FLOWS FROM INVESTING ACTMTIES Dividends. interests aThJ rents from investments Proceeds from the Sa￿ of tangible fixed assets Purchase of tangible fixed assets 305 2,165 1106,6641 199.008) NET CASH USED IN INVESTING AcTrvmES 198.4001 {104.194) CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 126.930} 394,359 {44.409) 438,768 Cash and cash equwalenls al the beginnirwJ of Ihe CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 367,429 394.359 The ncles on pages 2110 36 form part of these finanual statemenls Page 20 DtxuSvJn Envelope ID.. A3155A1F-B1CN08S9DF>WM8Z9D4F EMMAUS CAMBRIDGE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 GENERAL INFORMATION Emmaus Cambridge is a private charitable company limited by guarantee and incorporated in England and Wales. Ils registered office is Green End. Landbeach. Cambr￿ge, CB25 9FD. The Charills functs'onal and presenL*ional currency is GBP. ACCOUNTING POLICIES 2.1 8ASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial staternents have been prepared in accordance with the Charities SORP (FRS 1021- Accountin9 and Reporting by Chants"es.' Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and RepublK of Ireland {FRS 102) (effective 1 January 20191. the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies A¢t 2006. Emmaus CambrKlge meets the d8finitirm of a benefrt entity under FRS 102. Assets and l￿bIlit￿$ are inilralw recognised * historicd Cost or transacbon value unbe$$ otherwise slated in the levanl accounting policy. The Consolidated Slalemenl of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial stslements of the Charity and rts subsidiary undertaking {note 201. The resuks of the subsidiary a￿ consolidated on a line by line basis. The Charrty has taken advantsge of the exemption allowed under sedion 408 of the Companies Act 20(h8 and has not presented ils Statement of Financial ActMts"es in these fin*cial stslements. 2.2 GOING CONCERN The trustees have Carr￿ OLrt their annual of their reserves policy in the year. As part of this process, they have considered both the financial impact of risks facing the charity as well as reserves required for future pLanned caprtal prqects. comMrt￿￿nts and ¢ontingenl events. The Irustees have revie•¥ed forecasts to 31 October 2024 and consider that there are no material uncertainties about the Charrtls abilrty to continue as a going concern. Page 21 Docusign En%*lope ID.. A3155A1F.B1ctF4O￿9DF￿￿89682gD4F EMIAAUS CAMBRIDGE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 ACCOUNTING POLICIES (CONTINUED). 2.3 INCOME All incsts are cost$ incurred on the Charty's operations. including support costs and cost$ rel*ing lo the 9¢)VeMan￿ of the Charity apportioned to charitabk activities. Expenditure on charitable actimb.es is incurred on direcuy undertaking the aclmties which further the Charitys objectNes. as well as any aSK￿￿ted support costs. Grants payable are charged in the year when the offer 15 made exeept in those cases where the offer Is condrtional, such grants being recognised as expenditure when the condilions allaching are fulfilled. Grants Offe￿ subject lo condrtions which have r￿1 been met al the year eThY are noted as a commrtment. but not E£crued as expendrture. Page 22 DcaJSvJn Envdow ID.. A315SA1F.81c04OB&9DF￿&4￿￿82￿4F EMMAUS CAMBRIDGE {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 ACCOUNTING POLICIES {CONTINUEDI 2.5 GOVERNMENT GRANTS Govemmenl grants relating lo tangible fixed assets are I￿ated as defeffed income and re￿aSed to the Consolidated Statement of Financial Activth'es over the expected useful lives of the assets concerned. Other grant5 are credrted to the Consoljdated Statement of Financial Activities as the related expendrture Is incurred. 2.6 INTEREST RECEIVABLE Interest on fvnds hebj on deposit is *Kluded when receivable and the amount can be measured reliably by the Charty.. this is nomially upon not￿￿￿10n of the interest paKI or payable by the inslrtution wrth whom the funds a￿ deposited. 2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £100 01 more are caprtal>sed and rec￿nISed when futu￿ econc#nic benefits are probable an.d the cost or value of the asset can be measured reliably. Tangible fixed assets are initlally recognised al cost. After recc*JnrtKJn, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation arKI any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into rts intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allctate the cosl of langible fixed assets less their resdual velue over their eslim*ed useful lives. using the straight4ine methc¥J_ DeprecialK)n is pmwded on follLywing bases.. Freehold property Assets under con51ructKJn Motor vehic Fixiure$ and fittings Other fixed assets 2-10% - not depreriated 330 - 4-20% The assets. residual values. usefvl lives and deP￿latIOn methods are reviewed. and adjusted prospeclwely if appropriate, or rf Ihefe is an indi¢*ion of a signrfKant Charxge since the last reporting date. Freehokd Jand is not depreciated. 2.8 DEBTORS Trade and other debtors are recognised at the settknient amount after any tr* discount offered. Prepayynenls are valued at the amount prepaid net of any trade discounts due 2.9 CASH AT BANK AND IN HAND Cash at bank and in hand Includes cash and short-temi hwhly Iwuid Investments with a short maturity of I￿￿e months or ￿ from the date of wulsit￿n or opening of the depogl or similar a¢¢ount. Page 23 Oo¢uSgn En¥elcye ID.. A31W1F-BICIH￿90F￿￿Oha￿?￿mF EMMAUS CAMBRIDGE IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCT08ER 2022 ACCOUNTING POLICIES (CONTINUED) 2.10 LIABILITIES AND PROVISIONS Liabilities are recc#3nised when there is an obligation at the Balan￿ Sheet dale as a result of a past event. It is prL*Jable that a transfer ol economic benefit wll be require(l in settlement, and the amount of the settlement can be eStIrr￿&j relkgbly. Liabilities are reccgnised at the amount that the Chafrty anticipates it will pay to settle the debt or the amount il has receNed as advanced payments for the gockys Of services it rnusl provide. Provisions are measured at the best estimate of the amounts required to settle the oblwation. Where the effect of the time value of money Is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate thal retlects the risks specific to the liability. The unwinding of the discounl is rec(￿nised in the Consolklated Statement of Financial Activrties as a finance cost. 2.11 FINANCIAL INSTRUMENTS The Charty C￿lY has financial assets and financial liabilities of a kind that qualrfy as basic financial inslrumenls. Basic financial instruments are initialty reco9nised al transaction valve and subsequently measured at their settlemenl value vrith the exceplton of bank loans which are subsequently measured al arn0￿.5ed t￿$t u%ng the effective interest n￿ho(l. 2.12 PENSIONS The Charty operates a defined contrtsutTon penS￿n Sch￿ and the pension eharge represents the amoun15 payable by the Charity to the fund in respect of the year. 2.13 FUNOACCOUNTING General funds ao unrestricled funds which are aval￿b￿ for use at the discretion of the Trustees in furtherance of Ihe genwal objectives of the Group and which have not been designated for other purposes. Designated fvnds comprise Un￿tri￿ed funds that have been set aside by the Trustees for particular purposes The aim and use of each designated tund is set out in the notes lo the financial statements. Restricted funds are fun¢Js which a￿ to be used in xcordartce wi(h specrfie restrict￿)n$ imposed by donors or which have been raised by the Group f¢X particular purposes. The costs of raising and administering such fund5 are charged against the speerfie fund. The aim and use of each restricted fund is set out in the notes to the financial sL*ements. Inveslrnent income, gains and losses are alb&ited lo the appropriate fund. Page 24 DocuSigTh Envel4Jpe 10.. A315SA1F41CWB&9DFMA68W29D4F EMMAUS CAMBRIDGE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 INCOME FROM DONATIONS AND LEGACIES Restricted Unrestricted fund$ funds 2022 2022 Total funds 2022 Total funds 2021 t)onalions Leg￿leS Grants Govemment grants 456,325 108,081 7,139 564,406 7,139 18,600 30,000 74.784 17.9Crt) 83,324 87.316 30.OCK) 474.225 145,920 620,145 245.424 TOTAL 2021 61.( 184.424 245,424 Restricted donatK)ns includes £456.325 12021: £NILI of donated assets in respect ol Ihe Pods. Govemmenl grants represent amounts recejved frryn South Cambridgeshire District Council. ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities undertaken dlrttlly 2022 Grant funding of activities 2022 Support costs Total funds 2022 Total funds 2021 2022 Charitable activrties 1.440,804 21,732 30.401 1,492.937 1,276,231 TOTAL 2021 1.207.836 23.489 1.276.231 Grants represent aft￿unts payabFe to other Emmaus ￿r￿Unrt￿S. Page 25 Docusign Io". A3155A1F.81CO40￿￿F￿￿￿￿￿F EMMAUS CAMBRIDGE (A Company Llmited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 ANALYSIS QF EXPENDITURE BY ACTIVITIES ICONTINUED} ANALYSIS OF OIRECT COSTS Total funds 2022 Total funds 2021 Staff costs Companions. weekty allcmanees Companions, leaving and holiday all￿an￿S S¢xral enterpnse direct ￿t$ Coffee shop cosls 571.212 110.431 27.445 210.679 61.693 554,602 99,966 26,242 245,482 37.959 r li Food and sundries Travel and vehicle cosls Cblhing and heatth expenses Sundry expenses Lighl and heal Rates and water Repairs and low cost assets Insufance Administration expenses Depreciation 9S.769 52,604 42.281 33.574 59.408 14.104 34.900 11.973 195 114.536 92.483 20,125 3,235 23.159 28,999 12,642 54,606 7,750 97 1.440.804 1,207,836 Page 26 0ooJSHJn Envdope ID." A31S5AIF.B1C￿10B￿g0FgwUW2￿F EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 OCTOBER 2022 ANALYSIS OF EXPENDITURE BY ACTIVITIES {CONnNUEDI ANALYSIS OF SUPPORT COSTS Total funds 2022 Total funds 2021 Staff costs Bank charges Sundry expenses nlerest Payable Gain on disposal of fixed assets Audit and accountancy Igovernancel Legal fees Igovemanee) 14,878 1.818 16,603 9.113 1,115 7.700 12501 9,525 1.100 3.205 10.000 500 30.401 44.906 AUDITORS. REMUNERATION 2022 2021 Fees payable to the Charitys ayditor the audit of the Chanty$ annual accounts 7.500 3,500 Fees Payab￿ to the Charitys aLMlitor in respect of: All non-audit serV￿eS not included above 2,500 6,025 STAFF COSTS Group 2022 Group 2021 Charity 2022 Charity 2021 Salaries National insurance Pension costs $18.517 49.637 17.936 502,127 48.761 20.317 518,517 49.637 17.936 502,127 48.761 20.317 586.090 571.205 586,090 571,205 Page 27 OorAJSyn En¥dcye ID." A31sS41F-BIC￿4￿gDFw6&￿2￿ EMMAUS CAMBRIDGE IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 STAFF COSTS (CONTINUED) Ttte average number of persons emphjyed by the Chanty during the year was as follow5.. Group 2022 Group 2021 No. Charitabk operat¢ons Communty operatior Fundraising and administralion 17 17 21 21 The n4Jrnber of emplo>ees whose employee benefrts {eXc￿jdIng ￿￿0Yer pensh)n eostsl exceeded £60,OCI) was. Group 2022 No. Group. 2021 In the band £60,CK11 - £70,fJ)O The key management personnel of the Chanty are conshjered to be the" trustees and Chief executive offieer. The total employTrent benefrts including empbyerfs natKJnal insurance pension contribLrtions of key management petsonnel We￿ £70.57012021 - £69.3381. TRUSTEES. REMUNERATION AND EXPENSES Ouring the year, no Trustees recewed any reMUner8tK￿ or other benefits12021 - £NIL). Dunng the year ended 31 October 2022. expenses totalling £NIL were feimbuTsed or paKI directty to Trustee12021- £415 10 1 Trustee). Page 28 DoNJSvJn En￿lDp¢ ID ￿lS$AlF.B1C￿OBs-SDF￿￿A68g6WD4F EMMAUS CAMBRIDGE IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 TANGIBLE FIXED ASSETS GROUP AND CHARITY under Freehold ￿n$t￿u¢ll0 property Motor Flxtures Vehicles and fittings Totsl COST OR VALUATION At 1 November 2021 Addrt￿n5 2.863.057 93,405 105,388 189.201 5.603 3,157,646 SS5,333 456,325 At 31 Octc*er 2022 2.956.462 456,325 105,388 194,804 3.712,979 DEPRECIATION At 1 November 2021 Charge for the year 828.563 77.979 59.388 20,753 103.949 15.804 991,900 114,536 At 31 October 2022 906.542 80,141 119.753 1.106.436 NET BOOK VALUE At 31 Octcter 2022 2,049.920 456,32S 25,247 7S.051 2,606.543 At 31 October 2021 2,034.494 46,000 85.252 2.165,746 DEBTORS Group 2022 Group 2021 Charity 2022 Charity 2021 DUE WITHIN ONE YEAR AJnounls owed by group undertakings Other debtors 5.140 23.997 12,526 5.140 11.234 42.794 23.997 28,049 11.234 55,598 Prepayinents and accrued income 52.046 66,832 41.663 59,168 Page 29 DocuS•3n Erwdope ID." A31W1F.81C04O￿￿9-&wW2gOIF EMMAUS CAMBRIDGE {A Cornpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 10. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR Group 2022 Group 2021 Charity 2022 Charity 2021 Bank loans 12.076 45.576 18.399 11.034 41.766 10,469 45,980 11.160 12.076 45.576 18.399 11.034 41.766 10,469 45,980 11,160 Trade credilofs Other taxation and so￿al Security Other creditors Accruals 45.290 45.290 128.851 112.899 128.851 112,899 The Chanty has a bank loan which is repayable in monthly instalments by 2 November 2025. The loan incurs Interest at 5.6%. 11. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR Group 2022 Group 2021 Charity 2022 2021 B8nk loan5 27A36 39,531 27.436 39,S31 he Charity has a bank ban which is repayable n monthty instalmenls by 2 November 2025. The loan incurs interest at 5.6%. Page 30 Docusigri Envelope ID.. A315s41F.B1C￿4￿￿DF￿Bhffja￿2gD4F EMhlAUS CAMBRIDGE {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 12. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 1 Novernber 2021 Balance at 31 October 2022 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Cessation of Operat￿n5 Caprtal prqecls 240.000 30.000 240,000 30.000 270.000 270,000 GENERAL FUNDS General Funds 2,061.253 1.413.936 11.488,3361 1.986,853 TOTAL LINRESTRICTED FUNDS 2.331.253 1,413,936 11.488.336) 2,256.853 RESTRICTEO FUNOS N8tional Lottery Building Fund Walerson Bursary Companion Training Fund ReBoot Fund Lrft Fund The Clothworkers Foundalion Pc*Js Fund 121,595 3,114 14.6011 116.994 3.114 5,000 5,000 17,900 456,325 17.900 456.325 143.254 474.225 14.601) 612,878 TOTAL OF FUNDS 2A74.507 1,888.161 11.492,9371 2,869,731 Page 31 Docu&gn Envdape ID.. A1155A1F.BIC1l40B>9DF￿8AG896D?gD4F EMMAUS CAMBRIDGE (A Company Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 12. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR BaLence at 1 November 2020 Balance at 31 October 2021 Transfers inlout Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Cessation of operations Capital piojects ARM donation 240.000 30.C#JO 20.CQO 22,234 240,000 30,000 {20,CIJO) (22,234) Nat￿￿WIde grant 312,234 142,234) 270.000 GENERAL FUNDS General Funds- all fijnds 1.997,440 1.242.209 {1.249.6621 71,266 2,061,253 TOTAL UNRESTRICTED FUNDS 2,309,674 1,242.209 (1,249.6621 29,032 2,331,253 RESTRICTED FUNDS National Lottery Buikling Fund Walerson Bursary Companion Training FurKI ReBool Fund E.comrnerce and Ddivery Bays Lift Fund 126.1 3.114 8.545 (4.601) 121,595 3,114 8,545 5,000 6.000 50.000 5.000 (1.000} 120.968) {29,0321 5,OCKI 137.855 61,000 126,569} (29,0321 143,254 TOTAL OF FUNDS 2.447,529 1.303.209 11.276,231) 2.474,507 Page 32 Docusign Erwelope ID.. ￿l55A1F.81c(￿8￿￿JFWAOg6a2￿￿F EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OCTOBER 2022 12. STATEMENT OF FUNDS ICONTINUEDI The N*ional Lottery Building Fund represents capital 9rants from the National Lottery Charrties eoard lo fund building works at the communty in prev￿)US years Expenditure on this fund rep￿SentS depreciation charged for the year. The National Lottery Charities Board require caprtal grants lo be accounted for as restricted funds and lo be charged wrth the depreuation of the undertying assets. Thwe are vafiOUS grant conditions that require the Trustees to obtain The National Lottery Board's pefmission to sell the building for a per￿ of 80 years from tt* date of the grarrt. The Walerson Bursary represents a fund from whth companions can apply for fundirvJ lo carry OLrt projects that will be of benefit both to themselves and to others. The Companion Training Fund represents donations t(￿ardS the costs of companion training. ReBoot Fund - FurKl$ tCV4vards rewclng and refurbtshing ￿M￿rter equipmenl for resabe. E-commerce and Oelivery Bay Fund - Funds the costs of new delivery bays and lowards salary costs of an e-cc¥nmerce co-(xdinaler. Lrft Fund - Funds towards the costs of a new lift for mezzanine. The Clothworkers Foundation - this fund represents a grant lthvards a capital pr(4ect for lffts. Pods Fund - this represents the value of the 6 Solohaus wjs constnjcted by Hill Group. These were under construct￿n al the year end and wll be transferred lo unrestricted fund5 upon legal completion in January 2023. 13. ANALYSIS OF NET ASSEfs BETWEEN FUNDS ANALYSIS OF NET ASSEfs 8ETWEEN FUNDS- CURRENT YEAR Restricted un￿$1￿cted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Credrtors due within one year Creditors due in more than one year 573.319 39,559 2.033,224 2.606,543 379,916 419,475 {128,851) 1128,8511 127,436) 127,4361 TOTAL 612,878 2,256.853 2.869.731 Page 33 DO￿s￿n En%*l(4)e Io". A3155A1F.81C0408s￿F￿￿pA6B￿2￿IF EMMAUS CAMBRIDGE {A Company Lirnited by Guaranleo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEOI AMALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Reslricted Unrestncted funds funds 2021 2021 Total funds 2021 Tangible fixed asset$ Current assels Creditors due wthin one year Creditors due in more than one yEar 121.595 21.659 2.1)44.151 439,532 1112,8991 139,5311 2,165.746 461,191 1112,899) (39,531) TOTAL 143,254 2.331,253 2.474.507 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 14. Group 2022 Group 2021 Nel incowrE for the year {as per Stat￿￿nt of Financial Activities} 395,224 26.978 ADJUSTMENTS FOR: Depreciation charges Donated 85sets Investment inccme L05sllprofit) on the sale of fixed a55ets Decrea5ellin¢yease) in debtors Increaselldecreasel in credi 114.536 1456,3251 16081 489 1305) 1250) (41.875) 74.748 19.776 NET CASH PROVIDED BY OPERATING AcTr￿TIES 71.470 59.785 Page 34 Dcusign ID. A3155A1F.81C040859DF>BA68W29D4F EMMAUS CAM8RIDGE (A Company Llmited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 15. ANALYSIS OF CASH AND CASH EQUIVALENTS Group 2022 Group 2021 Cash in harKI 367.429 394,359 TOTAL CASH AND CASH EQUIVALENTS 367.429 394,359 16. ANALYSIS OF CHANGES IN NET DEBT At1 November 2021 Cash flows At31 October 2022 Cash al bank and in haNJ Oebt due within 1 year Oebl due after 1 year 394,359 110,4691 139.531) {26,9301 11,6071 12.095 367.429 {12,0761 {27.4361 344,359 {16.4421 327,917 Paje 35 DwJSwJn Envelope ID.. A31S5A1F.81cfy4￿g0F￿&4ffis682SD4F EMMAUS CAM8RIDGE (A Company Lknlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 17. PENSION COMMITMENTS The Charity operates a defined contribution pens￿￿ Scheme. The a5set5 of the scheme are held separately from Ihose of the Charity in an independentty administered fund. The pension ¢ost Charge represents contributions payable by the Charity and amounted to £17,93612021 £20.3171 Contributions lotalling £146 12021 - £nil) were payable lo the fund al the balar￿e sheet dale and are included in other creditors. 18. OPERATING LEASE COMMITMENTS At 31 October 2022 the Group and the Charity had commrtments to make flrture minimum lease payments under nOn-Can￿lIable Ope￿￿￿"ng ￿aSeS a5 follcr•V5". Charity 2022 Charity 2021 Not later than 1 year Later than 1 year and nol laler Ihan 5 years 20.816 19.234 19.159 25,974 40.050 45.133 RELATED PARTY TRANSACTIONS During the year l Dochety. spouse of D Docherty. a mwnber of key m￿agernent, was paid a salary of £25.75012021- £26,133) and pension conlribulions of £1.288 (2021 - £2.389). During the year the Chanty recewed distribut￿)n$ from its subsidiary. Emmaus Cambridge (Homes) Limited arnounling to £341,863 (2021: £360,808). At the year erKI the subsidiary trwe(l Emmaus Cambridge £5.14012021. £5.140) 20. SU8SITh ARY UNDERTAKINGS The Charity has a wholty conlrolled subsidiary. Emmaus Cambridge (Homes) Limited. a company by guarantee. The profft for the year of the subsmjpry was £344.280 12021.. £347.5111 and at the year end Ihe net assets were £11,383 {2021'. £8.￿). Page 36