OrKu5ln En%bpe 10.. 6ECU91274E0491F4A-0g4o7NxcE3D Registered number: 03422363 Charity nUMr. 1064473 EMMAUS CAMBRIDGE (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 •AD81KKLC 3110712024 COMPANIES HOUSE
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Dorws•Jn En¥elope10". 6e009127-6EOA491F4A.o94o7ACcE3o EMMAUS CAMBRIDGE IA Company Llmited by Guarantee) CONTENTS Page Reference and Administrative Details irf the Charity. its Trustees and Advisers Trustees. Report 2-11 Independent Auditots. Report on the Flnancial Statements 12-16 Consolidated Statement of Flnan¢lal Aclivilies 17 Consolidated Balance Sheet 18 Charity Balance Sheet 19 Consolidated Statement of Cash Flows 20 Notes to the Flnanclal Statements
OocusTr)n Enc 10.. 6EOD9127E(k449lF.&49C.094D7A4CCE3D EMMAUS CAMBRIDGE {A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023 Trustees Dr C A Cornish Ms A Davis Mr J Dawson Mr W Erby Mr J Humpslon, Chair Ms L E Matheson MsJMay Mr J W Murphy m$CN Ms H M Renlrew-Knight Company registered number 03422363 Charity registered number 1064473 Registered office Gieen End, Landbeath. Cambridge. Can)ndgeshire, C825 9FO Chief executive offIr Ms D M Talbot (appointed 6 September 20231 Mr5 D Do¢hety Iresgned 31 August 20231 Mr5 C Sladdon lappoinled 1 JanLtary 2023 10 31 Juty 2023 (ffixed temi corrtrattl) Independent auditOf5 Peters EorthY & Mc4)re, Salisbury House, Station Ro&J. Cambridge. C812LA Banke CAF Bank Limrted, 'ngS Hill. West Malling. Kent. ME19 4JQ Cambridge Buikling Sw"ety, PO Box 232. 51 Newmarket Road. Cambridge, CB5 8FF Triodos Bank NV. Deanery Road. Bristol, BS1 SAS Unrty Trust Bk plc. Four Brindley PLace. Binninghan. B12J8 Page 1
Docus9n Envdope ID". 6E0D9127ffjE0A491F-e09407£ccE3D EMPAAUS CAMBRIDGE (A Company Llmlted by Guarnntge) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Tnjslees present their annual report Icgether with the au¢Jited financkgl statements of the charty for the year 1 November 2022 10 31 October 2023. The Trustees confim that the Annual Report and financial slalements of the company comply wrth the current statutory requirements, the requirements of the company's governing document arKI the provisions of the SLemenl of Recommended Practice ISORPI, applicable to charrties preparing their accounts in accordance with the Financkgl Rep)rb"rKJ Standard ¥plKable in the UK and Republic of Ireland {FRS 1021 {effeclive 1 January 2019). Since the charity qualifies as small under section 383. the Strateg report required of medium and large companies under The Companies Acl 21Th (Strategic Report and Directorfs Report) ReguL3tions 2013 is not required. Constltullon The charty is constituted under a Memrandum ofAss(xK4lion daled 20 August 1997 and is a l$led charity nLsmber 1064473. Our Vision A world in which everyone has a home and a sense of belonging. Our Mission Emmau5 cambrge is committed to w01n9 as a Communty. sharing a lrfe where everyone is treated equally, and living in hamiony %Mth dignrty by helping those less fortunate than ourselves. Our Strategic Priorities (which are set in line wrth the Emmaus UK Federion Plan) are to.. Help more people by.. Working wilh companions to help them realtse th•r aspiratiorts and full Fthntial Delivering a WKle range of actiwtEs to address Sla1 exclusion Secure sU5tainabilty for our community by. Increasing income and surplus to ensure sustsinability Building an enwronmentalty focused and active org8nisatb)n Dernonstrate organisational sustainabilty and ethical practiee Supw the Emmaus Federation by". Demonstrating unty and working together with cher Emmaus communrties for mutual benefft Promoting who we a, what we do. why and hthv we do it as part of the wider Emmaus movement Objoctives and ktivities In setting obJ"e¢tives and planning for actMh"es. the TnJstees have gNen due consideration to guidance published by the Charity Commission relatirrfJ to public benefft, and in particular to its supplementary public benefit guidance. The objects of the charity are the allewation of h¢)melessness and relie* of povety. hardship and the distress they cause lo those in need. Our Strategic pLan njns from 2021 to 2026. Work with companion5 to realise their aspirations and polential by: DelNering CompanK)n Support and Development Developing a range of em0ment and movethon housing options Creating more homes Oeliver a wider range of activities lo address Sla1 exclusion by: Expanding our activrties tsend the Current communty molel Page 2
DowSn En¥elcye ID.. 6E009127ECM91F.8AKO94D7A8CCE3D EMMAUS CAMBRIDGE IA C¢>mpany Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Operate a range of social enterprises to provide financial sustainability by- Increasing income and surplus to ensure sustainability Improving our processes arKI makin9 beller use of technology Build an environmentalty focused and active oryanisation by: Bewming a beacon known for our envirormental values and practices Demonstrate organisational sustainability and ethical practice by: Developing the Emmaus Cambridge organisation through working staff to achieve their ambitions and potential Ensuring that we have the staff. fftfrastruclure and bcal supiN)rt needed to sustain ourselves Grwing through partnefships Demonstrate 501idarity with the UK Federation and working together for mutual benefit by: Supporting other Emmaus Communities in UK. Europe and intemationally, through solidarty xtivities. Facilitating companion involvement in the WKler movem8nt Pfomole who we are. what we do. why and how we do it by: Enhance brand credibilty through greater understanding by those who engage with us Solidarity As we navigate the cost-of-living crisis. Solidarity remain$ an important element of our strategy. The Trustees. Staff. Volunteef5 and Companions are rnmed to our nMItment to SoFidarrty. Wider Emmaus Emmaus Cambridge is a member of the Emmaus UK Federati(yn. working abngside other communrties and 9roups. We conlirbue lo work closely with Emmaus Suffdk and other ¢crfnmunies. The appointment of Charloite Talbott. * Emmaus UK in the prevKJus financial year. has seen many developments within the Federation and we wdccme Ihe CfJPOrtunrtie$ this brings to QLlf Community. Whether this is lo raise awarerhes5, 5UPPOrt with effective and effi¢ient pro¢esses or lo enhance the support we offer lo the people involved with Emrnaus CambrKlge_ We are acttvely ¢ontribuiing to these discussions and providing feedback which will help lo fvrther our wo. indwhdualty and colwively. We are involved in the Emmaus Quality Standards work and will be pilotirKJ the newty fom)ed Supwt. Devek)pmenl and Safety Toolkit. Posrtive devel¢)pments have included the inlroductK)n of severnl natK)nal committees. Bringing nehvorks of Trustees. Exec Leads and Departmental Leads together. This supports gcod goveman¢e whilst also enabling the views of all those contributing to the Federat to be recorded and considered. For companions. this has 81s0 seen the successful roll OLrt of Companion vo, a natn81 publication which shares the views of companions across the UK a1 in some cases beyond. and a Companion Committee on whh we have repfesentstson. We were thrild that of cr companions wanted to attend the European Assembty in Romania. The tsvo individuals ltsvdled together and spent lime with other companions an¢J PresentatIVeS from caffjmunities from around the continent. An Emmaus International colagUe who is an interpreter for the Federation returned wth our companions to leam more about how Cambrhlge. the first Emmaus UK community operates and what the similarities and drfferences a befvn this and the international communty. Subs¢riptions19rants) Subscriptions are provided by Emmaus CambThlge. as detaikd belcw, to continue the valuable national and inleinalional WO undertaken by the Federation.. Page 3
QocJJsbgn En¥elok ID". fjE009127-6EW91F449GD94D7AACCE3D EMMAUS CAAIBRIDGE (A Company Limrfed by Guarantee} TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Emmaus Inlemational.. £5,905 {£13.615 - 2022) Emmaus Europe.. £3,021 {£1.891- 20221 Emmaus UK.. £5.558.'1£5,038 - 2022) Helping other oryanisations (solidarity We are commrtted to helping other organisatK$. In this financh?l year. we have worked ahJng5ide or to SUPFKJrt sevwal other organisations At least one. and on occasions up to three, students from the cast School join u5 once a week with their teaching assistant to help with tasks in our gardens, and relail areas. Alongside providing practical opportunities they enjoy lurtch and refreshment5 in our shared dining re<)m and the company of staff. voILtnteers and companions. During the year, we also wekrtheil 5tudent$ frcffi Netherhall School. Cottenham School, Comberton Vile College for their work experience and got invofved wlh the PeT5e School with their sleepout. We remain engaged wth Jimmy's and Wintercomfort, providing dothing and sleeping bags. Towards the end of this financial year we also began working vthh CamCRAG, a local charity who supFk)rts refvgees. Further infomiion wll fealure in OLtr 2023-2024 report. We collected prescription glasses and sunglasses and donated these to Spec5avers lo benefrt people in other countries. Volunteers also requested supwrt for clher local charrties. One example being a wish to secure gocJs, which Uld be transfoimed in to hampers for fundraising raifies held by Ihe RNIB. We are delighted vthen our volunteers make suggestions of this type and help us lo exlend our solidarty even further. We continue lo engage v4rth New Meaning a k)cal sccial enterprise by advertising one of their modular garden rooms on our grounds and discussions are UndeaY relaling lo rt5 frjlure use And finally, we began to pkn a container of fumrture and bric-a-brac lo be prepared and sent lo Emmaus Satu Mare- a c(Mnmunity in Romania. who supports younger people frorn disadvantaged backgrounds. Earlier in the year. we held a solklarity day to support with the cosls of a ieplacement roof following storm damage. Our continld support will see EmmaLts Cambridge provide donated goods and fund the Iravd of the ntaIner to enabk the rnmmunfy to Taise vrtal funds to support their companions less fortunate Iharh us and Iheic wKler c(Knmunty. It is expect th* a support worker and a youngster (the allernalive name for companion) from Salu Mare. wll also spend time in Cambridge meeting ccxnpansons and experiencing the simiL4rities and dhffeiences of Ihe two Eirwnaus offers. Further inlomialion will be shared in the new financial yew. Helping families and individuals Isolidarityl Our solidarty packages, which are delivered with support ffom Cambridge Aid. see indwidu815 or families in South and East Cambs and CambrKlge City receive up lo £400 of produc15 frorn the charity. £100 of which funded by Cambridge Aid and the balance by Emmaus Cambridge. The charity has the capacity to provide four of these packages by week (208 per yearl and in this financral year. 194 were awarded1203 2021-20221. which equates to gI)dS to the value of £32.705. In addition to this the charity also offers smaller occasional donalions, one-off donations or discounts such as free delivery to support people in need. And finally, across the year the charity funded up to 3 solidarty beds per month, a total of 28 across the year, whieh equated to a value of £26,932. Page 4
DrKuslJn En%pe ID." fjE0D9127.6EoA491F-eD91D7•aCcE3o EMMAUS CAMBRIDGE IA Company Limited by Guarantee TRUSTEES. REPORT {CONnNUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Achievements and perforniance Reviow of activities (November 2022 to Oclober 2023) Communlty The community CL1t1nueS to exceed occupancy levels of 92% (% 2021-20221 consistentty. Due lo the unlimited time frame of support provKrfed, there is a continual unmet need for people to access the unique proviston offered by Emmaus m(yJel. Il's innovative combination of safe, secure accommodation, support and work expertence is attractive to pecple keen to bUIld their lives or retrain in other sectors. During the year, the number of companions being SUPFK)rted ha$ flexed tetsveen 39 and 48. Companions undertake tasks thIn the communrty and 131 enterprise to the best of their abilty. Eath Ferson is assessed and their needs, whth can range from low lo high considered in a thorough support plan. For some. their aim is lo become independent. and this can be hieVed in a latIvelY short period however lor many their Iwed experiences have been instnjmental in the ¢hallen9es they face. In this situation getting through each day is an illuslralion of positive progoss being m ano over this time. we work together lo help build confidence and regain purpose. We have encouraged companions to tske part in xKial activitts lo enhance their wellbeing. This has irlUded securing funding and gtft irt kind support to enable a group to go fishing. We also successfvlly sought funding lo host a Mobi gym fo¥ a 12-week PfC*Jramme. so compan40ns and staff could exercise together al the community. Sorne Compartn$ for whorn English isn't their ffirst language a also tsking English classes. In our commrtment to enable companions to gain skilts alongside corrfK1en. we have seen a number of companions successfully obtain their PAT (Portable Applk8nce Test) qualfficatiorbs lo help in our eledrieal department. We have been de1hled 10 See ecxnpanics also undertake Ihw"r fotry hygiene. first apJ and fire awareness rtiCate5. We have worted with the probation servtt and inteNiewed. arKI in some eases welcomed pecple who need direction and were keen lo explore the Emmaus model of aceommodation along work experience. We Iwk forward lo developing thi5 rdalionship lurther. We have welcomed a local GP to site lo administer COVID and Flu vaccinations and achieved a good lake up. Access lo dental care however Temains a grave concem for our compankjns. we are forging new relalKJnships to help address this but recognise our companions, having been formerfy homeless or living in povety are group wh¢h for many years has not accessed care and the complexity of the serVeS they now require is significant. We will continue to fight for access and a solution in the new financial year. We also offer more specialised support lo specific companions. this includes a trauma counsellof, a dynamic therapist and dtetfcian. We have seen asSuring pr¢>aress being made by the indivrduals xcessing these services. Social Enl•rprise Adivity The preloved market continues lo witness growih and Emmaus Cambridge has benefited from the In to reuse, repair or recle. Wrth people passionate aboLrt reducing landfill. we have seen interest in both donating goods and buwng g(X#Js rkse. Following a brief pause, due to the pandemic, a decision was a150 reached lo resume the house clearance operation, and this has also been well received by the Communty. This has helped ensure our shop is conlinualty stocked and we have sufficient g¢)ods to prowde thr(Kh $olKlarity. The introduction of a dedicated emporium for the Sa of bC-a has also attrxted good levels of support. Whilst the greatest proportion of our social enterprise operates from our srte on the A10, we also offer items for Page 5
DtKU5iJn ID". 6EOD9127-6Eo48lF-8A-O94Q7ccE3D EMMAUS CAMBRIDGE IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 sale through eBay and a weekty market stall at Ihe Ety Market. These avenues further extend ovr reach whilst also enabling us to pmvide affordab goods to people in other Ic¢ations. Joan's Coffee Shop has proved lo be a pcpular destination welwning people passing by, pgpping in to donate of simply shopping. The atmosphere is often buzzing as a selecltsn of small groups have chosen our coffee shop as a regular fealufe in their Sla1 cakndar_ The social enterprise is essential in keeping ccffipanions occupied whils¢ also helping to fund the more specific elements of our support and maintaining our high levels of solidarity. Environmental Red 2 Green collected electrical items not feasible lor s. this &3ain helped send less to landfill. We accepted over six tonnes of Clothing from OSB events further to the Cambridge Half Marathon - these items were either s(Id in our shop, distribuled or recyded. We bathed new lrfe into donated goc4Js. s( are w)cycted and sold in our shop. ak)ng with excess materials such as timber being repurposed. One of the areas which wntinue to see 9rcMfry demand and cyportunrty is ReBoot. A servsce %thich reconoittons laptops and IT equipment before makiThJ them walkable al affordable prices lo the public or through our sIdatY pa¢kw3es. Solar panels help to keep our electricty costs as as possible with any exira provided back to the gTId. And lastly, we were delighted to rve the financial support of Emmaus UK who agreed to fund 10 new windows. The new wndows offer gr&iter insulation. reduce the noise pollLrtion from the A10 and improve the visual appearance of our companion house. Staff. Volunteefs and Trustees We have invested in our team wilh the appointment of a Ch operating offir. The new role introduced to recognise the growing appetile of prebved and the opportunty this presents in generating income and proviL1ing our compan$ wi(h meaningfvl work experience. We also welcomed a replacement catering manager and later in the year finance manager. This was followed by the arrival of a new chief executive, to replace the long serving retiring chief executive and the subsequenl suppc¥t of Emmaus Suffolk chief executNe who helped to bridge the gap and wcked also in a part-time capacty. The Sla1 enterprise and support offer are interdependent. 11 15 necessary to have 51reamlined efficient pr¢xesses alongside positive, supportive and empowering leadership for companions to see their potential and engage with Ihe public through a host of mthni5ms. The volunteer team comprises of btheen 16 and 26 people in the year and this group have been essential largely in helping lo process our high levds of stock and representing us al events or working in our kitchens and supporting on our shop counters. We are delighled that corpoole volunleefs from Cadenl and A2traZeneca also joined u5 in this perKKI wrth a 9roup also c(¥ning fr(n another Ictal voluntary organisalion called Red Balloon. And finalty. we are keen to suptort pecple leaving prison or who ha* been invotved in committing offences. We have accornrnodaled several pecple from the probation service or via the community payback ini(iative providing a combination of vdunteering and work experience opmunrties. We remain hugely grateful lo each of Ihem fof Iheir Valuab and imrneasur8ble conth"bulK)n to our chanty through Iheir endeavoufs. Page 6
Drthspan En0Ve10.. 6EOD9127EQ4491F.&49C.DYD7A8CCE3D EMMAUS CAMBRIDGE IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2023 The Board explOd some opw)rtunils for trustees in this period, and one appoinlmenl was made which will be detailed in Ihe next financial rewjrt 2023-2024, however there were no departures or arrivals in this finanaal year. The Boar¢J meet quartedy with the committee meeting fwuency bi-monthly or quarterly. 11 was also wrthin this financkryl year that Matthew Last, our Chair foc six year5, died. The community keen lo rnark his Passing, created a bee shed where Malthew's passion for bees and honey can live on and his incredible life and impact on Emmaus Cambridge can continue lo be celebrated. Public Relations activity As part of the Federation, we benefft frcrfn the expertise of a Regional CcAnmunications Officer weekly for half a day. This support is funded by Emmaus UK and helps our small charity lo ¢ebrate our successes. raise our profile arKI engage 8 larger aLbJience. Key achievwnents include.. 152.537 {73,737 2021-22) wsrtcKs to the website 2.57212,109 2021-2022) of these have come through sc¢1 media Facebook posts reached 171,4LKJ {43.900 2021-20221 51,300143,L%8 2021-20221 reacted to Ouf Fa¢etrxx posts (shared. link cltks, post likes) 9091329 2021-20221 neV Facebook folkmfers 6.5CQ reach on In$lagram 227 new Inslagram loll¢)wers 31 137 2021-20221 pie¢es of press coverage wrth a lotal reach of 6.640.97414.056.771 2021-20221 One si9nrfi¢anl SYe$S in the peri(yJ was a TikTok Mdeo by Zoe P0¢k best known for her Murk'N'8rass You Tube channel. Zoe also regulady features on numerous upw¢ling televisKJn prcwjrammes. Zoe visrted the 50¢ial enterprise in earty 2023 and subsequenlty posted a video which led lo the preloved offer being dTrscoveced by thousands of new customers. resutting in an increase in traffic lo the sile and sales. The official opening of OUT Sobhaus mcdular homes, organised wth support of Regional Communications of[er and Hill Group. saw local and regional media. a selection of stakehohjers. long- term supporters and Emmws UK Patron Tery Warte. attend and share news coverage of this special occasion. We have not been able to share infomBlion relating to T¥tter (n(yw known as Xl as the reporting changed during this period Programme related lThvestrnents Other than its paid staff. Emmaus Cambridge's gfealest investmenl is its stte. The communty. located off the A10 at Landbeach comprises of shared accomffKxlalion and modular homes for Companions which access to communal dining, laundry, lelewsw)n and IT areas and gardens, plus a small number of llats for four staff members who TesNle on site. two of which arrived in January 2023. The resident1 area is c¢Jmplemented by a series of further buiklirys which are used for warehousing, donation ceipl, felail and catering prernises. workshop plus OffS to oversee the operation. Building workslmaintsnance Emmaus Cambridge has Iwo paKI maintenance staff who Wofk wlh a small cohort of companions who have Indicated an interest in this fiekj. The team diligenlty manage a signTfic8nl prcKJramme of activities lo maintain the buildings and 5rte. As we house largety vulnerable adults. our 5UPF*Jrted housing facilities typicalty experience more repair and renewal than found in other tw of socLg1 housing. In this period in addition to furbishmenls of rooms on the departure of a companK)n, we have also needed to remove and replace internal ceilings to be compliant wrth updated buik4ing regulatk)ns. We have embarked on a programme of window replacements in the main house. The mainlenanee team were also involved wth the preparation for and arrival Page 7
Ducusn En1()e ID.. 6E0o9127EoA491F4A-94D7CcEXj EMMAUS CAMBRIDGE (A Company Limiled by Guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 of six modular homes, and continue to CCQTdinate ongoing maintenance. We also. as hwJhlighted earlier, ajded a bee shed to our growing nLmber of structure5. We moved our emporium building dow to the entrance from our car pa. We upgraded lighting in our car parks. We built a new electrical shop. We began work on refurbishing the prevKJus electrical workslw lo make this into a further warehouse (these wcffks will be completed in next financial yearl. Disappointingly al the end of August 2023, we were also the vliMS of burglary in our maintenance workshop. Over £6,000 of twls were taken and this delayed some programmes of activities whilst we worked with insurers and sourced repl&ements. During the next year we will" Upgrade our electri¢$ throughLXrt the site. Ccmplele works on new warehouse. Continue with windows repla¢ernenl. Improve the surface of our car park entrance. Improve the surface ouiside our warehouse. Replace our main gates. Financial Review Going concern After making appropriate enquiries. the trustees have a asonable expectation that the charity has adequate resources lo continue in operaliortal existence for the foSeeable lulure. For thi5 reason. they continue lo adopt the going concem basis in preparing the financial sLemenls. R•sery•s policy Due lo management changes. the annual review of the reserves poh.cy has not bn completed. This is stheduled to lake pkce in the nexi financial Designated Funds Cessation of operatK)ns Capital projects Nots Amount 240.000 30,000 Historicalty Trustees have agreed that the charty should hokl three months operating expenses in reserve. and in particular ring fence sUff1ent funds to meet ueditors and ObligatnS lo Companions and staff should we be forced to cease operations. Trustees have allowed for caprtal prqects and alale(l £30,000 for the cOMptic of these works. At the year end the Chanty had total funds of £3.070.936 of which £2.931.239 are unrestricted. Of these unreslricled funds, £%,242 are held by the subsidrary and £2,495,014 are represented by fixed assets leaving free reserves of £339.983. After the above designatKJn$. free reserves are £69.983. against a target of £NIL. The trustees are s*isfied rese¢$ held are nol excessive. with operating expenses expected lo in¢aSe in coming year5. Prlncipal fundlDg The results of the yearfs operabons are set ¢xrt in the attached financial slalements. The nel inflow of fLtnds Page 8
txKus¢n En%*lope ID 6E9127-6EoA491F4A-D94D7MccE3D EMMAUS CAMBRIDGE (A Company Limit•d by Guarantee) TRUSTEES. REPORT {coiillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 amounted to £201.205 12022 £395,224) after 1ndlIng donatS of £140,435 (2022 - £W,406), grants of £18.327 (2022 £48,600) and onff legaaes of £15.000 12022 £7,139) and the total income linclLKling housing benefit) raised was £1.787.014 (2022- £1.888.161). £30,264 12022 - £30.4011 has been spent on governan costs. whilst other expenditure has focused on supportin9 companions. their accommcéation and welfare. the business activities including administration. the running of the workshops. the retail shop and the colleclK)n of donated goDJs. all of whh create the important platform for supporbng and devekjping companions. per$al skdls and selfosteem. Governance and management Method of appoinlment or ekction of Trustees The management of Ihe chty is the respLsIbl[rtY of trustees are elected and co-opted Vlef the temis of the Artides of AssOction. Trustee nominalions either come Irom other trustees within the charrty and its supporters or via open adveth'semenl and must be approved by existing trustees. in xcordance with the Arte5 ofAssocialion. When specrfic skills are required, approaches are made to people wf(h relevant expertise who are sympathetic to the ethos of the charty. If necessary, a trustee would be cwpted specificalty to cover the required function. The current Trustees and those who served during the year are shcmn on page 1. Policie$ adopted for the induction and training of Trustees Each new Iruslee is required to undertake an inductKJn prcgramme which inclLKles brEfings on their legal and ethical responsibilities as trustees. the ethos and values of the Emmau5 movement together with the governance. history and operation of Emrnaus Cambndge. Due to management changes in the period. annual appraisals did not take place. however these will be reinstated in the next financial year. Any training is provided in line with the NCVO Code of G¢)1 Govemance and Ma Emmaus UK. Organisational stru¢lure and decision making In order to wor11 effectivety towards the alwaIn of homelessness and relief of poverty and hardship and the distress they cause lo those in need. the board ol Irustees and Ihe leadership team beIve that companions must be al the centre of the ofganisalion. and this is rellected in the $tfu¢ture of the charty. Daity morning meetings tske pkce to discuss feedback, raise concems and agree decisions. The community also has a fortnighlty companion forum, wlh feedback presented to staff for commenuaction. The community also elects a represents14ve who attends meetings at a national levd organtsed by Emmaus UK. The communty committee which meets quarterly, is chaired by a trustee. and a150 wekomes companvjns. Dye to the change of staff in this period tnjstees have been reviewing the way in which companions engage with the board and companions have indicated an appetrte for this. An important element of Emmaus Cambridge is companion solldarity and whilst solldarrty has continued in the Sla1 enterprise, there is a desire for the solidanty committee lo be refomed. A poly will be produced and infomiation relating to address all of the aspect raised above will be shared in the ne fn¢la1 yea¢s report. Related party relatbonships Emmaus Cambridge also operates Emmaus Cambridge {Homes). a separate entity introduced further to the construction of 10 new companion rooms in 2018. Page 9
DorJJssan EnVeFel0. 6EOD91274EOA491F.8A9C-D91D7PXCE30 EMMAUS CAMBRIDGE IA Company Limiled by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Risk manag•rnont Trustees comment on and contribute to a risk register. The register akds discussion reLating lo risks the charity may fa¢e in order lo manage and where possible mitNJate them. This is presented at the qLFarterty board meetings. The principal risks are health and safety and safeguarding. Mitigalb)ns are outlined below.. A nominated trustee oversees health and safety issues throughout the nmnty vAth nominated personnel having day to day pOnsIbl1ty for ensuring ctyi¥Jliance. A norninaled Iruslee also supp)rts in a safeguarding capacty. Future developments Strategic Plan 2021-2026 The 51ralegic plan was developed in h'ne vAh the Emmaus UK Streg pl. Ouf agreed strategic priorities ao.. We will help more people by". Enhanung our support offer we ean work with rre complex people. Devel¢)ping our companion offer. Increase the profile of solidanty lo hdp MO people. Fundraise where we need Ico. We will work smarter by". ImprOng our process and make better use of technolc#3y. Improve our environmental impact Review govemance and suCSsion planning for staff and tM)ard. Support the Ernmaus UK TransformatJn process We will shoul louder about". Who we are and how we make a drfference. Celebrate what we achieve. Work closer wrth the Iccal authm and other hJ¢xl partners As hKJhlighled on page one. we appointed a new chief executive al the end of this financial year, who will be working with the tnjstees. staff. slakeholders and companions to devdop a new strategy to supersede the strategy, this is expected to in November 2024. Page 10
DOCU5ron En%Ek)pe10'. 6ECQ9127-6E0A491F-8AgC-09407cE3D EMMAUS CAMBRIDGE (A Company Limited by Guarnntee) TRUSTEES. REPORT ICONllNUEDI FOR THE YEAR ENDED 31 OCTOBER 2023 Trustees, responsibilities statement The Trustees Iwho are also dir10[$ of Emmaus Cambridge for the purposes of company lawl are responsible for preparing the Tiuslees, report and the financial slalemenls in accordan wth applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generalty Accepted Accounting Pra¢ti¢el. Ccnpany law requires the Trustees to PPa ffinancial statements for each financial year. Under rnpanY law the Trustees must not approve the financial statements unless they a satisfied that they give a true and fair view of the state of affair5 of the charity and of the incorning resources arHI appli¢alb)n of resources, including the income and expenditure, of the charity that pericd. In prepariry these financial statements, the Trustees are required lo.. select suitable accounting policies and then apply thern Consistently. observe the methods and principles in the CharitEs SORP". make iudgrnenls and accounting estimates that are reasonable ar prudent", state whether applicable UK A¢counling Standards have been fo11trd, subCt to any matenal departures disc105ed and explained in Ihe financial slalemenls". prepare the financial 51atemenls on the going conrn ba515 unless rt is inappropriate to presuff that Ihe charity will continue in operation. The TTUStees are responsible for keeping adeque accounliry reccKds that are suftient to show and explain the charity's transactions and disc105e with asonable accuracy at any time the financial posrtion of the charity and enabk them lo ensure that the financial slalemenls comply wlh the Companies Act 2006. They are also Tesponsible for safeguarding the assets of the charty and hence for taking reasonable sleps f Ihe prevention and detection of fraud and other ifvI18$. The Tiustees are responsible for the maintenance and iwstegrty of the corporate and financial information induded on the chariws website. LegIsl*ir in the United Kingdryn governing the preparation and dissemination of financial stslemenls may drfler from legislatNJn in other juris(lidions. Disclosure of inlormation lo audrto Each ol the persons who are Twstees at the time when this Twstees, report is approved has confimed that.. so far as that Trustee is aware. there is M relevant audit information of %thich the chantys auditors are unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order lo be aware of any relevant audrt informatpJn and lo eslalAish Ihat the chantys audito are awafe of that infomiation. Approved by order of the members of the board of Trustee5 and svJned on their behaff by. r¢ MrJ Humpston Chair of Tru$lee5 Dale 29 July 2024 Page 11
Docusftjn Enope 10.. 6EOD91274EQA491F.8A9CQ94D7AaccE30 EMMAUS CAMBRIDGE IA Company Limited by Guarants•l INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE OPINION We have audited the financial statenIS of Emmaus Cambridge {the 'parent charitable company} and its subsidiaries Ilhe 'group'l for the year ended 31 October 2023 vthich comprise the Consolidaled Statement of Financial Aclivrties. the Consolidaled 8aL4nce Sheet. the Chanty Balance Sheet. the consolated Statement of Cash Fk)ws and the related notes. includiThJ a summary of signfficant accoLtnting policies. The financial reporting framework that has been applied in their preParn is applicable law and Unrted Kingdom Accounting Standards, including Financkal Reponing Stsndard 102 The Financial Repo.n9 Standard applicable in the UK and Republic of Irelarwj. (United KinJ Generalty Ac¢epted Accwnting Pra¢ts'cel. In our opinK)n the financial stalemenls.. give a true and fair vw of the stale of the Group's and of the panI chantable ¢ompanls affairs as at 31 October 2023 and of the Group's incoming resources and appli¢atw)n of resources. including its income and expenditure lor the year then ended.. have been property prepared in accordance wth United Kingdom Genets1 Accepted Acwunling Practice.. and have been Prepa in accordance with the requirements of the Coffyanies Act 2C and the Chaiilies Act2011. 8ASIS FOR OPINION We conducted our audrt in attordance wilh International Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities under Ih05e standards are further described in the Auditors, responsibilities for the audit of the financ1 statements section ol our report. We are independent of the Group in accordance with the ethical requirements that are leVant lo our audrt of the financkAI statements in the United Kingdom. ineluding the Financial Reporting Council's Ethical Standard. and we have fuilled our other ethical responsibilities in acwrdance with these requirements. We believe that Il audit ewidere we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financpl ststements. have concluded that the Trustees. use of the going concern basis of accounting In the preparation of the financial slalements is appropriate. Based on the work we have perfomd. we have not identffied any material uncertainties reling lo events Of conditions that. individualty or colWNety. may cast significant doubt the Group's or the parent charitable company's abilrty to continue as a going ¢eM for a periiyj of * least twelve months Irom when the financial stalemenls are authotised foi issue. Our responsibilrties and the responsknilrties of the Trvstees with res to gTr9 concem are described in the relevanl sectKJns of this report. Page 12
DooJ$lJn En¥elope ID.. eEOD91274EOA491F4Asf94o7AeCcE3D EMMAUS CAMBRIDGE IA Cornpany Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE {CONTINUEDI OTHER INFORMATION The other irtfomiation cc%nprises the information induded in the Annual Report other than the financial ststemenls and our Audtiors. Report thereon. The Trustees are responsible for the other information contained wrthin the Annual Report Our opinKin on the financol statements does not cover the other Information and. except lo the extent otherwise expliutty stated in our report. we do not express any form of assurance conelusion theOn. Our ponsibIl ts to read the other infonnatn and. in doing so. consider whether the other infomalion is materially inconsistent with the financial slalements or our knOwdge obtained in the course of the audrt, or otheN4ise appears to be materialty misstated. If we identify SLsch material inconsistencies or apparent m81efo1 misstatements. V are required to detemiine whether this gives rise to a material mi5slalement In the financial slements themselves. 11. based on the woth we have performed. we conclude that there is a material mitement of this other inf0MtiOn. we are required to report that fact. We hav8 nothing lo report in this regard. OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the owrse of the audil.. the infomialion grven in the Trustees. ReFM)rt for the financial year for whh the financol slalements are prepared is consistent with the financial slalemenls. the Trustees, Report has been prepared in xcordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our kncmledge arKI undertandiry of the charitable company and ils envirorffienl cthined in the course of the audit, we have not identified material misstatements in Ihe Trustees, Report. We have nothing to report in respect of the folSyMng matter5 in relation lo which Companies Act 2006 requires us to report to you rf. in our opinion.. the PanI charitsble company has not kept adequate and sufficient accountiThJ records. or fetums adequate for our audrt have not been received from branches not visited by us,. or the parent Charitab company financial statements are not in agreement with the aecounling rttords and returns., or ertain disc105ures of Tnjslees. remunerabon specrfled by law are not made", or we have not received all the InfomtIon and explanations we require for our audrt,. or the Trustees wefe not entitled to prepare the financol Slalemenls in xcordance with the small companies 1rne and take advantage of the small companies, exemption$ in preparing the Trustees, Report and from the requiremenl lo piepare a Stregic Report. Page 13
DoLMJ$iyn En¥dow ID.. 6E0D9127E0A491F-8Ag4D7pCEJo EMMAUS CAMBRIDGE IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE ICONTINUEDI RESPONSIBILITIES OF TRUSTEES As explained more fvlly in the Trustees. Responsiblif(S Siemenl, the Trustees Ivtho are also the directors of the charitable company for the purwses of company law) are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary lo enable the prepatation of finanaal statements that are free from material misstatement. whether due to fraud or error. In preparing the finanoal slalements, the Trustees a responsible for assessing the Group's and the parent charitable company's abilty to continue as a going concem. disckjsing. as appluble. matters lated to going coneern and using the going coneeTn basis of accounting Unless the Trustees erther intend to liquidate the Group or the parent charitable company or lo cease operalhons. w have no realislic allernalive bul to do so. AUDITORS. RESPONSI8IUTIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectNes are to obtain wsonable assurance about whether the financ1 statements as a whole are Ire8 from material misstatement, whether due to fraud or error, and to issue an Audf(ors' Report that includes our opinion_ Reasonable assuran is a high ve1 of assurance. bul trs nol a guarantee that an audit ¢onducted in accordance wth ISAS IUKI wll avaYS detecl a mater1 misststement when it exists Misstatements can arise from fraud or error and are considere(I malefial rf. indaIfy or in the aggregate. they could reasonably bg expecled to influence the economic decisions of users laken on the basis of these financial slalements Irregularrtie$, including fraud, are instances of rton-compliance wrth and regulalions. We design procedu$ in line wrth our respongbilities. oudined above. to detect material misstatements in respect of irregularrties, including fraud. The extenl to which our proc&Jures are capabk of dete¢tirYJ irregularities, including fraud is detailed bek)w'. Our approach to hyent"fig and assessing the risks of material misstalement in respecl of ilanties, including fou(J and non<ornpliance wrth laws and wulations. was as follows.. the engagement partner ensured that the eThJ*pment team colleclNety had the appropriate comp8lence, capabilities and skills lo identfy or recognise non-complian wrth applicab laws and regulalions., we identrfEd the L4ws and regulations applicable to the group through discussions with trustees and other management, and from our knowledge of charity and cnpanY law and experience of the Sector". we focused on Specif laws and regulations which we considered may have a direct material effect on the financ1 statements or the operations of the charitable company. including the Companies Act 2(XA, Charities Act 2011 UK taxation legislation. as wdl as those laws and regulations %wth an irKlirect effect", we assessed the extent of c¢)mpliance wilh the laws and regulalions identffied above thr(yJgh making enquiries of management and inspecting legal CorSponden.. identified Iws and regulatM)ns were communicated thin the audit team regularty and the team remained alert lo instances of non-compliance throUg)ut the audit" and we reviewed the minthes of Trustees. tetingS lo •Jenbty any references to non-COry)liances with laws and regulations. Page 14
Dc<wsffJn En¥eki ID.. 6Ecrf)91274EO4SlF-W.D94o7cE3D EMMAUS CAMBRIDGE IA Company Limlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE (CONTINUED) We asse55ed the susceplibilily of the gcoup's financial statements to material mssslalemenl. including obtaining an understarKling of how fraud might ¢V(. by.. making enquiries of management as to where they considered there was susceptibih'ty to fraud, their knowledge of actual. suspected and alleged fraud." and COnsering the internal controls in plaee to mituate risks of fraud and non-cLryliance with laws and regulations. To address the risk of fraud through management IH"as and overrid8 of controls. we.. perfomRd analwul pr(Kedures lo ¥Jentify any unusual or uneypected relationships" tested journal entr5 to identfy unusual transathons" evaluated the assumplions and judgements used by managemenl wilhin $lgnrfint accounting eslimales and assessed whether these indi&*ed ewdence of management bhas." and perfornied audit work over the risk of management override ol Controls, evaluating the business rationale of signthcant transactions outside the norn1 course of business and ieviewing accounting estimates for bias. In response to the risk of irre9ularrties and non-ccmplia wrth laws and regulations, we destrJned prccedures that included. but were not lrnrted to". a9ing fin8rKial statement disclosures to undertying supportirvJ documentation., reading the minutes of meetings of those charged with g0veMan., enquiring of management as lo actual and potential litigatton and claims., and reviewing Corresponden wrth relevant regulato such as the Charty Commission. There ar8 inherent limrtal#)ns our audrt Pfo¢edures described above. The more removed that laws and regulations are from financial transactions. the less likely rt 15 that we would become awa of nonvcompliance. Auditing standards also limrt the audit procedures required to identify non-compliance wrth laws and regulations to enquiry of the directors and other management and the InspectTr of regulatory and legal correspondence, if any. Material misstatements that ari$e due to fraud can be hard8r to detect than those that arise from error a$ they may involve delibefale COnlment or collusR)n. A further description of our responsibilitEs for the audrt of the financial statements is kxaled on the Financial Reporting Council'$ websr¢e al.. vN4w.frc.o .ukJau re nsibilrtbes. This description fomis part of our Auditors, Report. Page15
DoCn Envelope ID.. 6EOD9127EDA491F4AgC-094D7P4CCE30 EMMAUS CAMBRIDGE IA Company Limiled by Guarantee) INDEPENDENT AU£MTORS' REPORT TO THE MEMBERS OF EU$ CAMBRIDGE ICONTINUEDI USE OF OUR REPORT This report 15 made solety to the charitable ¢ompanVs members. a5 a bc#Jy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and lo the charrtable companls Iruslees, as a body. Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audrt work has been undertaken so th we might slate lo the Charrtab companys members those matters we a required to slate lo them in an Auditors, Report and for no other purpose. To the fullest extent permrtted by taw, we do not Cept or assume re5ponsibilty lo anyone other than the charitable company and rts member5, as a body. for our audrt work. for this report, or for IhE opinion$ we have fcimed. Michael Hewett (Senior Statutory Auditor) for and on behalf of Peters Elworthy & Moore Chartered Accounlants Statutory Auditors Salisbury House Station Road Cambridge CB1 2LA 29 Juty 2024 Page 16
Drx¥Jsw EnKWope ID.. 6EOD91274EO*491F-&49C-D94D7AOCCE3D EMMAUS CAM8RIDGE IA Cornpany Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCO AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2023 Restricted Unrestricted fund$ lunds 2023 2023 Total funds 2023 Total funds 2022 INCOME FROM.. Donations and legacies Charitable activities Housing tenefft Social enterprise Interest income 31.590 142282 173,872 620.145 470.144 1,110.288 6.818 25.892 470.144 1.110.288 6.818 25.892 344.359 909,110 608 13,939 Other income TOTAL INCOME 31.590 1.755.424 1,787.014 1,888,161 EXPENDITURE ON: Charrtable activities 7.976 1,STT.833 1,585.809 1,492.937 TOTAL EXPENDITURE 7.976 1.sn.833 1,585.809 1,492,937 NET INCOME Transfers betsen furKIs 23,614 (W36.7951 1TI.591 496.795 201.205 395.224 12 NET MOVEMENT IN FUNDS 12 1473,1811 674.386 201,205 395,224 RECONCILIATION OF FUNDS: Total funds brought forward Net movement in fvnds 12 12 12 612.878 {473.181) 2.256.853 674.386 2.869.731 201,205 2,474.507 395.224 TOTAL FUNDS CARRIEO FORWARD 12 139,697 2,931.239 3,070,936 2,869,731 The Consolidated Statement of Finanaal Adrvrties includes aN gains and losses recogni5ed in the year. The notes on pages 21 10 35 form part of these financ1 sLitements. Page 17
DooJslJn EThdope 10.. 6EOD9127*E(14491F-&49C.D94D7A8CCE3D EMMAUS CAMBRIDGE (A Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Note FIXED ASSETS Tangible assets 2.607.407 2,606,543 2.607.407 2,606,543 CURRENT ASSETS Debtors Cash al bank and in hand 91.385 562,315 52,046 367,429 653.700 419,475 Credilors.. amounts falling due wrthin on8 year 10 1167.2931 1128,8511 NET CURRENT ASSETS 486.407 290.624 Creditors.. amounts falling due after mre than one year 122.8781 127,4361 TOTAL NET ASSETS 3.070.936 2,869.731 CHARITY FUNDS ReStrted funds UniestrKted funds 12 12 139,697 2,931,239 612,878 2,256.853 TOTAL FUNDS 3.070,936 2,869,731 The Trustees a¢krKJwledge their responsibilrties for complyThJ with the requirements of the Act with respect to accounting records and preparation of finanoal statements. The fin8nck81 statements have been prepared in awdance with the provi8ions appIlble to entities subject lo the srnall companies regime. The financial slalements We approved and aulF¥)rised for issue by the Tnjslees and signed on their behalf by". Mr J Humpston Chair of Trustees Oale.. 29 July 2024 The notès on pages 21 to 35 fL¥m part of these finala1 statements. Page 18
DOS{n Envew ID.. 6EOD91274EOA491F-&Q9C.D94D7PKCE3D EMMAUS CAMBRIDGE IA Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Note FIXED ASSETS Tangle assets 2.607N07 2,6(E,543 2.607.407 2,6C6,543 CURRENT ASSETS Debtors Cash at bank and in hand Tl.964 479.494 41,663 366,429 S57.458 408.092 Creditors." amounts fallin9 due within o year 10 {167.2931 {128.8511 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT UABIUTIES 390.165 279,241 2.997.S72 2,885,784 Creditors. amounts falling due after rr•)re than one year 11 122,878) {27,436) TOTAL NET ASSETS 2.974,694 2.858,348 CHARITY FUNDS Restricted funds unstricted funds 12 12 139.697 2.834.997 612,878 2,245,470 TOTAL FUNDS 2.974.694 2,858.348 The Trustees acknoWge th•r respOnbil1es for ctsrylying wth the requ1Ments of the Act wlh respect lo aOUntIng records and preparation of financial slalements. The financial statements have been prepared in acCoance with the provisions applTrcable lo entsties subject to the small Companw regime. The financial statements were approved and authorised for issue by the Trustees and s*3ned on their behalf by.. Mr J Humpston Chair of Trustees Date.. 29 Juty 2024 The notes on pages 21 10 35 fM part of these financial stalements. Page 19
Docwyn En¥elope ID.. 6EOD9127-6ÉW91F-W-D94D7A8CCE30 EMMAUS CAMBRIDGE (A Company Limited by Guarants•l CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 CASH FLOWS FROM OPERATING AcnviTIES Net cash used in oper*ing adMI 329.425 71,470 CASH FLOWS FROM INVESTING ACTMnES Diwdends, interests and nts from investments Puhose of lan9ible fixeil assets 6.818 1141.3571 608 199.0081 NET CASH USED IN INVESTING ACTMTIES 1134,5391 198.4001 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 194,886 {26,9301 Cash and cash equivalents * the beginning of the year 367.429 394,359 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 562.315 367,429 The notes on pages 21 to 35 fcrfm part of these ffinancial statements Page 20
t%)CU5*Jn Fn¥eW ID". 6E009127.6EOA491F-W.09407A8CCE3D EMMAUS CAMBRIDGE IA Company Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 GENERAL INFORMATION Emmaus Cambridge is a private chartsble company limited by guarantee and incorporated in England and Wales. Ils registered offe is Green End. Landbeach. Cambridge. CB25 9FD. The Chariws functbonal and presentational [rerry is G8P. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been pfepared in accordance wrth Ihe Charities SORP IFRS 1021- Accounting and Reporting by Charitses.. Statement of Recc¥nmended Practice applicable to charities preparing their accounts in accordance wrth the Financkil Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 and the Companies Ad 2006. Emmaus Cambridge meets the de[lnrtK of a publK benefit entty under FRS 102. Assets and liabilities are initially recognised at historical c051 or transaction value unsS olhernwse slated in the relevant accounting policy. The Consolidated Statement of Financial Actiwlies {SOFAI and Consolidated Balance Sheet consolidate the finanual statemenls of the Charrty and rts subsidiary undertaking Inote 20). The resUS of the subsidiary are consolKlated on a line by line basis. The Charity has taken advantage of Ihe exemption alkpNed under seth.on 408 of the Ccfflpanies Act 2006 and has nol presented rts own Statement of Financial ActivrtS in these financial statements. The Chanws net rnovernent in funds for the year was £116.34612022 - £392,807). 2.2 GOING CONCERN The Iruslees have ieviewed the risk register and the fore¢asts to 31 October 2025 and ¢onsi¢Jer that there are no material uncertainties relating to Ihe Chanty remaining a going ¢oncern for a peric<4 of al least 12 monlhs fr¢¥n the date of approval of these finanoal ststemenls. Page 21
DoCj EnveloFe fj". 6E0O9127-6Éw91F44-0D7P4ccE3D EMMAUS CAMBRIDGE A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES {CONTINUED) 2.3 INCOME All inccyne is recognised orKe the Chity has enbtlement to the income. it 13 probabk that the income will be received and the amunl of income receivable can be measured reliably. The recognition of InMe from legaCS is dependent on estlishiThJ entrtlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of enlillement lo a gacY exists when the Charity has Sufficient eVence that a gift has been left to them {Ihrough knowledge of the existence of a valKJ wll and the deh of the benefactor) and the exeeulor is satlsfied that the propety in question will not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when rt is probable that it 7MII be e1Ved and the fair value of the amount receivable. which wll genwalty be the exFe¢ted cash amount to be distributed to the Charity, Can be reliably measured. Grants a irtduded in the ConsotKled Statement of Finantyal Activilies on a feceivable basis. The balance of income receNed for specffic purposes but not expended during Ihe period is shown In the relevant funds on the Balance Sheet. Where income is Teceived in advance of enlrtlement of receipt. ils recognith?n ts deferred and included in credrtor5 as deferred incorne. Where entillemenl occurs before inecrfne i% received. the income is acerued. Incorne lax COverable in relalion to donations received under Grfl Aid or deeds of covenant L8 recognised al the b.me of the donatK)n. Sales ol donated goDJs a recc#3nised at the tirne of sale. Housing benefit income and rent is recogniwj n the FericJ to which the housing benefit and rent relates. 2.4 EXPENDITURE Expenditure is recognis&J On there is a legal or constiuctwe obligalion to transfer economic benefit to a third paty. li is probable that a transfer of econorn benefrts will be required in settlennt and the amount of the obligation can be measured reliably. Support costs a those Costs incurred diiectfy in support of expenditure on the objects of the Charffji Governance costs are those incurred in connection with ajministralion of Ihe Chanty and complkance wrth consts.lulnat and statutory requiremenls. Charitable actmlies and govemance eosts are cosls incurred on the Charivs operations, including support costs and cosls relating to the governan of the Charty apportioned to charitable activrties. Expenditu on charitabfe activities is Irtsed on d1Ctty undertaking Ihe activities which further the Charty's obj'ectives, as well as any asscciated support costs. Grants payable are charged in the sEar when Ihe offer is made except in those cases where the offer is conditional. such granls being recc*Jnised as expenditure when the Conditions attaching are fuffilled. Grants offered subject to conditions whth have not been met at the year end are noted as a commrtment, bul not 8ttrued as eypenditure. Page 22
DtyxjsJn Enyeknpe ID.. 6EO091274E0K491F4A-094o7A8CcE3D EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES (CONTINUED 2.5 GOVERNMENT GRANTS G¢)vemment grants. in¢ludirwJ those relating lo langible fixed assets. are renised under the perfomiance Metr where the grant income is recognised in the Consolidated Stslement of Fina1 Activities, when any perfomiance-reiated condilions are met. 2.6 INTEREST RECEIVABLE Interest on fund5 held on deFosit 15 included when receivable and the amount can be ffleasud reliably by the Charity." thi5 15 normally upon notatIOn of the inlerest paKI or payable by the instrtulion with whLYn the funds a depy)sited. 2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangib fixed assets costing £100 N rn0 are capitalised and re¢c¥Jnised when future economic benefits a probable and the cost or value of the asset be measured reliably. Tangib fixed assets are initialty recognised at cost. After rewnrt, under the cost model, tangible fixed asset5 are measured at Cost less x¢umulaled depCiall0n any accurnulaled rmpairmenl losses. All costs Incur lo bring a tsngibk fixed asset into ils illlended woiktng ndrtlL should be induded in the measurement of cost. Depreciats'on is charged so a5 to alkxate tr cost of tangible fixed asset5 less their residual value over their estimated useful lives. using the straight-line mthod. Depreciation bs provhded on the follrywing bases". FhOkI property Assets under construction Motor vehicles FlureS and fth.ngs 2-10% - not deprec4ed - 33.10 - 4-20% The assets. residual values. useful lives and depreciation method5 are reviewed, and adjusted prospectively if appropriate. or if there is an irKIKaion of a Significant change since the last reporting date. Freehokl land is not depated. 2.8 DEBTORS Tiade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any lrnde discounts due. 2.9 CASH AT BANK ANO IN HANO Cash al bank and in hand includes cash and short-lemi highly liquid investments with a short maturity of ihree months oi less from the date of acqutsition or cpening of the deJKJsit or similar account. Page 23
Do¢ty En%tlope10'. 6E009127EOA491F.8AgC-09407MCCE30 EMMAUS CAMBRIDGE (A C¢)mpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES ICOPfflNUEDI 2.10 LIABIUTIES AND PROVISIONS Liajilrties we recognised when there 15 an ¢)blb3ation at the Batance Sheet date as a result of a past event, it is probable that a transfer of ecorK)mt benefit 711 be reqUId in Settrnent. and the amounl of Ihe settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to settle the debt or the amount it has received as advanced payThenls for the g¢xds or 5eryiGes it musl provide. Provisions are measured at the best estimate of the arTh)unls required to settle the obligation. Where the effect of the time value of money is material, the provisic)n is based on the present value of those amounts, discounted at the PT&tax discount rale that rellects the risks specific lo the liabilty. The unwinding of the discount is recognised in the Consolhlated Stslemenl of Financial Activrties as a fmance cost. 2.11 FINANCIAL INSTRUMENTS The Charity ¢)n has financi assets arKJ ffinancial liabilits of a kind that qualfy as basie financial instruments. Basic finaniial instruments are inrtolly reccgnised al transaction value and subsequently measured al their settlement value with the exwion of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 PENSIONS The Charity operales a defined contribution pension xhen and the pension charge represents the amounts payable by the Charity lo the fund in respect of the year. 2.13 FUND ACCOUNTING General funds are unrestncled funds which are avai for use al the discretion of the Trustees in furtherance of the general obje¢tNes of the Group and whth have not been designated for other pU0$e5. Designated funds MpriSe unrestricted fvnds thal have been sel aside by the Truslees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial stalemenls. Restricted funds are funds whth are to be used in accordance with specific restrictions imposed by donoTs or whsch have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is Set out in the notes lo the financial Statents. Investment income, gains and losses are al¢xated to the appropriate fund. Page 24
DocwWJn En¥eiope10. 6EOD9127.6EOA491F4AK-LJ9407A8CCE30 EMMAUS CAMBRIDGE IA Company Limiled by Gu•ranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 INCOME FROM DONATIONS AND LEGACIES Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Donations Legacies Granls Government grants 13,263 127,282 15,C4X) 140,54S 15,000 18,327 564,4C6 7,139 18,600 30,000 18,327 31,5 142,282 173,872 620,145 TOTAL 2022 474.225 145.920 620.145 Restricted donattons includes £NIL {2022." £456,325} of donated assets in pect of the Pods. Govemrr*nl grants represented amounts reived frorn Sth Cambrjdgeshire DistrKI Council. ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities undertaken directly 2023 Grnnt funding of activities Support costs Total funds 2023 Totsl funds 2022 2023 2023 Charitable ath"vrtte5 1,541,1 14.484 30,264 1.585.809 1,492.937 TOTAL 2022 1,440,804 21,732 30,401 1,492,937 Grants repsent amounts payable to other Emmaus c(rnunitw. Support costs represent the govemance Costs of the Group. Page 25
Docusiukn EnvdoFe ID.. 6EOD91274EOA491F-&AK.D94D7MCCE30 EIAMAUS CAMBRIDGE (A Cory)any Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ANALYSIS OF EXPENDITURE BY ACTMTIES ICONTINUEDI ANALYSIS OF DIRECT COSTS Total funds 2023 Total funds 2022 Activities 2023 Staff costs Depreciation Companions. weekly llyan Companions. leaving and holmlay alant Food and sundries 593,439 140.493 105.706 32.267 102,454 593.439 140.493 105.706 32.267 102,454 571,212 114,536 110,431 27.445 95,769 r iii Travel and vehicle costs Clothing and heajth expenses Sundry expenses Ljghl and heat Rates and water Repairs and l(w cost assets Insurance Social entewrise dired costs Coffee shop costs Administration exFenses 54,990 40.810 19.351 44.177 13.891 38,103 15.464 243,875 94.105 1.936 .990 40.810 19.351 44.177 13,891 38.103 15.464 243,875 94.105 1,936 52,604 42,281 33.574 59.408 14.104 34.900 11.973 210,679 61,693 195 1,541.061 1,$41.061 1,440,804 TOTAL 2022 1,440.804 1,440,804 AUDITORS. REMUNERATION 2023 2022 Fees payabk to the Chartys audrtor for the audrt of the Chantys annual accounts 10.800 7.500 Fees payable lo the Charitys auditor in respect of.. All non-audit servtis not included at#)ve 2,200 Page 26
DooJwOTh Envelope10". 6E0091Z7ffjEOK491F.8AgC.O9407CCe3D EMMAUS CAM8RIDGE IA Cofflpany Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 STAFF COSTS Group 2023 Group 2022 Charity 2023 Charrty 2022 Salars National insurance Pension costs $25.674 48.S32 19,233 518,517 49.637 17.936 525.674 48.532 19.233 518,517 49,637 17,936 593.439 586.090 593.439 586,090 The average number of persons enyloyed by the Chanty duriThJ the year was as folbws." Group 2023 No. Group 2022 Char•ty 2023 No. Charty 2022 No. Charitable CPern$ ComMunY operations Fundraising and adffinislration 18 17 18 17 21 22 21 The number of empbyees whose empw beneffts lexduding empbyer peTh5n costs) exceeded £60.000 was: Group 2023 Gioup 2022 In the band £60.001- £70.000 The key management petsonnel of the Charity are con*de to be the trustees and thief executive officer. The lolal empkJyThenl beneffts induding employerfs natN)nal insurance and pension conth"buts"ons of key management personnel were £66,861 (2022- £70.5701. TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees receNed any remuneralKJn or other beneffts {2022 - £NILI. During the year ended 31 October 2023. expenses totalling £NIL were reimbursed or pa directly lo Truslee12022 - £NIll. Page 27
DocuslJn En¥elopB'ID." 6E0091274EOA491F449C-09407AACCE3D EMMAUS CAMBRIDGE IA Company Llmited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 OCTOBER 2023 TANGIBLE FIXED ASSETS GROUP AND CHARI Fixtures. flttings and Assets office nder equlpment constwction Freehold property Motor vehlcles Total COST OR VALUATION Al 1 November 2022 Addrtions Transfers befveft cLgsses 2.956.462 44,311 456,325 105.388 28.500 194.804 58.405 456.325 10.141 1456.325) 3.712.979 141.357 At 31 October 2023 3.457,1)98 133.888 253,209 10.141 3,854.336 DEPRECIATION At 1 November 2022 Charge for the year 906.542 104.978 80.141 19.608 119.753 15.907 1,106.436 140.493 At 31 October 2023 1.011.520 99.749 135.660 1,246.929 NET BOOK VALUE Al 31 Odober 2023 2.445.578 34.139 117.549 10.141 2,607,407 At 31 October 2022 2,049,¥20 25.247 75,051 456,325 2.,543 DEBTORS Group 2023 Group 2022 Charlty 2023 Charity 2022 DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtor5 Pfepayrnenls and accrued income 4.329 4.329 5.140 17.967 50.528 5,140 23,997 12,526 17.967 69.089 23,997 28,049 91,385 52.046 77,964 41.663 Page 28
Docu5ty Envdope ID.. 6E009127-6EOA491F.8AgC-D94D7A8CCE3D EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 10. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR Group 2023 Gr(MJp 2022 Charity 2023 Charty 2022 Bankloons Trade creditors 13.409 98.933 13.654 10,192 31,105 12,076 45.576 18,399 11,034 41.766 13,409 98.933 13.654 10,192 31,105 12,076 45,576 18,399 11.034 41,766 Other laxatKJn arKI swal secunty Other creditors Accruals 167,293 128,851 167.293 128,851 The Charity has an unsecured bank hjan whth is repayable in nnth instaknents by 2 November 2025. The loan incurs interest at 5.6%. 11. CREDITORS: AMOUNTS FALLING OUE AFTER MORE THAN ONE YEAR Group 2023 Group 2022 Charlty 2023 Charity 2022 Bank loan5 Other credito 14.663 8.215 27.436 14.663 8,21S 27,436 22.878 27.436 22.878 27,436 The Chariiy has an unsecured bank loan whth is repayable in monthly instalments by 2 November 2025. The loan in¢ur$ intet al 5.6%. Page 29
Docu5WJn EnveWe ID.. 6E009127*EOA491F•AKD94D7MCCE30 EMMAUS CAMBRIDGE IA Company Limited by Guarantee) PIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OCTOBER 2023 12. STATEMENT OF FUNOS STATEMENT OF FUNDS - CURRENT YEAR Balance at 1 November 2022 Balance at Transfers 31 October Inlout 2023 Income Expendlture UNRESTRICTED FUNDS DESIGNATED FUNDS Cessation of operatS Caprtal proje¢t$ Fixed assets 240,000 30.000 240.000 30.(M)O 2,495.014 2.495,014 GENERAL FUNDS General Funds Subsidiary Funds 1,975,470 11.383 1,285.280 11.577.835) 11,612.932) 470.144 1385.287) 69,983 96.242 TOTAL UNRESTRICTED FUNDS 2.2S6.8S3 1.755.424 11.577.833) 496.795 2,931.239 RESTRICTEO FUNDS National Lottery Building Fund Waterson Bursary cPanIon Training Fund ReBoot Fund Lrfl Fund The Ctothworkers Foundats"on P(¥Js Fund Tools Fund Window$ Fund Jon Plumb Fund 116.994 {4,601) 112.393 13.114) 4,210 150 13,375) 9,380 150 (s,0001 (5,000) 113,964) 1456,3251 15,285) 18.107) 5.000 17.900 456.325 3,936 8.723 18,327 3,438 10,220 180 612.878 31.S90 17.9761 {496,795) 139.697 TOTALOF FUNDS 2M9.731 1.787.014 (1.585.809) 3.070.936 Page 30
Dor5J En¥ ID.. 6EOD9127EaA491FW4sf-094D7AfjCCE3D EMMAUS CAMBRIDGE {A Company Limited by Guardntse NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 12. STATEMENT OF FUNDS {CONTINUED STATEMENT OF FUNDS- PRIOR YEAR Balance at 1 November 2021 Balance al 31 October 2022 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Cessation of operations Capital piojects 240.000 30.000 240.¢)00 30,0 GENEIiAL FUNDS General Funds 2.1.253 1.413.936 {1.488.3361 1.986,853 TOTAL UNRESTRICTED FUNDS 2.331.253 1.413,936 11.488.336) 2.256,853 RESTRICTED FUNDS NalKJnal Lottery Building Fund Waterson Bursary Companion Training Fund ReBool Fund Lrft Fund The Clolhworkers FourKlati Pods Fund 121,595 3,114 8,545 {4,601) 116.994 3.114 8,545 5,000 5,000 17,900 456,325 17,900 456.325 143,254 474,225 14,6011 612,878 TOTAL OF FUNDS 2.474.507 1,888,161 11.492,9371 2,869,731 Page 31
DocL4n Enveknp8 ID." 8E0D91274EOA491F4A-o9407AxccE3D EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 12. STATEMENT OF FUNOS (CONTINUED) The National Lottery Building Fund represents caprtal grants from the National Lottery Charilies Board lo fund building works al the ¢¢ynmunity in prewous years. Expenditu on this fund represents deprectation charged for the year. The NatK)nal Lottery Charrties Board qUIre capital gr8nts to be accounted for as restricied funds and to be charged wrth the depreciation of the undedying assets. There are variou5 grant e¢Jndth"ons that qUITe the Trustees lo obtain The National Lottery Board's permission to sell the tIlding for a pericJ of 80 years from the date of the grant. The Walerson Bursary represented a fund from which companions could apply for furKling to carry out projects that will be of benefbt both lo themsew and lo others. The Companion Training Fund represents donations the costs of compan)n training. Re8(t Fund- Funds towards rewling and refvrimshing cLryuler equipment for resale. Lfft Fur - Funds towards the costs of a new lift for the mezzanine. The transfer in the year repiesenls amounts spent and caprtalised during the year. The Clothworkers Foundation this fijnd represents a grant towards a capital project for lths. The transfer in the year represents amounts spent and caprtalised during the ye. Pods Fund this represented the value of the six Solohaus pods donated by Hill Group. These were under construction at the prior year end and these funds were transferred lo unrestricted funds vpon legal completion in January 2023. Tools Fund - this fund represenls donations receive¢J for replxement Iwls. fdknving a theft during the year. The transfer in Ihe year represents K)untS spent and capitalised during the year. Window5 Fund - this lund represents a caprtal grant loywards ndoWs. The transfer in the year represents amounts spent and capilalFsed during the yEar. Jon Plumb Fund - represents a small donation ft)r reslrided purposes. Transfers not speCrfd above relate lo funds fvlty Spent in the year and transferred to unrestricted funds. Page 32
Docus•Jn En¥elope10". 6EI)09127-8ÉOA-491F4A9C.D94D7POCCE3D EMMAUS CAMBRIDGE IA Company L6mited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Restricted Unrgstri¢ted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year Creditors due in mre than one year 112,393 27,304 2,495.014 626.396 1167.293 122,8781 1607.407 653.700 1167.2931 122,8781 TOTAL 139.697 2.931,239 3.070,936 ANALYSIS OF NET ASSETS BEfwEEN FUNDS- PRIOR YEAR Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tangib fixed assets Current assets Credf(OTS due within year CrediloTS due in more than one year 573.319 39.559 2.033,224 379.916 1128.8511 {27.436} 2,606,543 419,475 1128,8511 127,4361 TOTAL 612,878 2.256.853 2,869,731 Page 33
Docu&ln Énvelope ID.. 6EoD9127.6EOA491F-6A9CO7AeccE3D EMMAUS CAMBRIDGE (A Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 RECONCIUATION OF NET MOVEthIENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 14. Group 2023 Group 2022 Nel income for the year (as per Statement of Finanual Ath'vit) 201.205 395,224 ADJUSTMENTS FOR: Depreciation charges Donated assets Investment income Decreasellincreasel bn (lebtors Increasel(decreasel in Cfeditcms 140.493 114,536 1456,32SI 16081 19,776 {1,1331 {6.8181 139,7201 34.265 NET CASH PROVIDED BY OPERATING ACTIVITIES 329,425 71,470 15. A14ALYSIS OF CASH AND CASH EQUIVALENTS Group 2023 Group 2022 Cash in hand 562.315 367,429 TOTAL CASH AND CASH EQUIVALENTS 562.315 367,429 16. ANALYSIS OF CHANGES IN NET DEBT Other non- cash change5 At31 October 2023 November 2022 Cash flow5 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 367,429 112,0761 127.4361 194.886 562,315 {13.4091 {14.6631 112.773} 12.773 327,917 206,326 534,243 Page 34
Envdope ID.. 6E0091274EW91F-8AO7fvKCE3D EMMAUS CAMBRIDGE IA Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 17. PENSION COIAMITMENTS The Charity operates a defined Contributi¢ pension scheme. The asse15 of the scheme are held separately from those of the Charity in an independently administed fund. The pension cost charge represents contributn5 payable by the Charrty and an)unte<l lo £19.23312022 - £17,936). Contributions lolalling £2,085 (2022 - £146) were payable to the fund at the balance sheet date and are included in other credrtor5. 18. OPERATING LEASE COMMIThIENTS At 31 October 2023 the Group and the Chanty had commrtfflents to make ftrture minimum kase payments undef non-cancellable operating aSeS as folkvts.. Chartty 2023 Charity 2022 Not later than 1 year Later Ihan 1 year and nol laler than 5 years 20,816 19,234 2.663 14,469 40,050 19. RELATED PARTY TRANSACTIONS During the year l Docherty (staff member). spouse of D Dhety, a member of key management until 31 Aug 2023, was paid a salary for that pefiod of £24.101 12022 - £25.7501 and pension contributions of £1,17712022 - £1.2881. During the year the Charity re1Ved dislributws from rts sUbslary. Emmaus Cambridge (Homesl Limited amountsng to £385,287 {2022.' £341,863). At the year end the subSidry owed Emmaus CambrKlge £5.14012022.' £5.1401. 20. SUBSIDIARY UNDERTAKINGS The Charity has a Whol controlled subsrdiary, Emmaus Cambridge {Homesl Limrted 111470806), company limrted by guarantee and incorpowated in England & Wales. The profil for the year of the subsidiary was £470,14612022.. £344,280) and at the year end the assets liabililie$ were £96.24212022.' net assets of £11,383). Page 35