.Docuslgn Envelope ID.. 1FA4DCCO.F58049A1.BEB3.1C9774445CA8 Registered number: 03422363 Charlty number: 1064473 EMMAUS CAMBRIDGE (A Company Limlted by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 *AE3Y8594* 0310612025 COMPANIES HOUSE A10 #312 Docusign Envelope ID.. IFA40CCO-F58049A1-BEB&1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) CONTENTS Page Reference and Administratlve Detalls of the Charity. bts Trustees and Advlsers Trustees, Report 2-13 Independent Audltors. Report on the FSnanclal Statements 14-18 Consolldated Statement of Financlal Activltles 19 Consolidated Balanc• Sheet 20 Charlty Balance Sheet 21-22 Consolidated Statement ol Cash Flows 23 Notes to Ihe Financial Statements 24-38 .Docuslqn Envelope10.' 1FA4DCCO-F58049A1-8E83-1C9774445CAB EMMAUS CAM8RIDGE IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024 Trustee8 Dr C A Cornish, Acting Chair from 13 February 2025 Ms A Davis (until 20 February 2025) Mr J Dawson Mr W Erby (until 20 November 2024) Mr B Griffiths (from 15 February 2024 until 19 June 2024) Mr J Humpston. Chair until 13 February 2025 Ms L E Matheson, Treasurer MsJMay Mr J W Murphy Ms C Nicol (until 13 February 2025) Ms H M Renfrew-Knight Company r•glst•red number 03422363 Charlty reglstered number 1064473 Regl8t8red offlce Green End, Landbeach, Cambridge, Cambridgeshire. C825 9FD Chief executive offlcer Ms D M Talbot Independent auditors Peters Elworthy & Moore, Salisbury House, Station Road, Cambridge, CB12LA Bankers CAF Bank Limited, Kings Hill, West Malling, Kent, ME19 4JQ Cambridge Building Society, PO Box 232. 51 Newmarket Road, Cambridge, CB5 8FF Triodos Bank NV. Deanery Road. Bristol. BS15AS Unily Trust Bank plc, Four 8rindley Place, Birmingham, 812J8 Page 1 DocusSgn Envelope10'. 1 FA40CCO.F58049A1.BEB&1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 The TNstees present their annual report together with the audited financial statements of the charity for the year 1 November 202310 31 October 2024. The Trustees confirm that the Annual Report and financial slatements of the company comply with the current stalulory requirements. the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015) as amended by Update 8ulletin 1 (effective 1 January 2015). Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 {strategic Report and Director's Report) Regulations 2013 is not required. Constitution The charity is constituted under a Memorandum of Association dated 20 August 1997 and is a ￿gistered charity number 1064473. Our Vlslon A wodd in which everyone has a home and a sense ol belonging. Our Mission Emmaus Cambridge is committed to working as a community, sharing a life where everyone is treated equally, and living in harmony with dignrty by helping those less fortunate than ourselves. Our Strateglc Prlorltles (which are set in line wrth the Emmaus UK Federation Plan) are lo.. 1. Help more people by.. Working Wlth companions to help them realise their aspirations and full potential Delivering a wide range of activities to address social exclusion 2. Secure sustainability for our community by.. Increasing income and surplus to ensure sustainability Building an environmentally focused and active organisation Demonstrate organisational sustainability and ethical practice 3. Support the Emmaus Federation by.. Demonstrating unity and working together with other Emmaus communities for mutual benefit Promoting who we are, whal wa do, why and how we do it as part of the wider Emmaus movement Objectives and Activitles In setting objectives and planning for activities, the Trustees have given due consideration to guidance published by the Charity Commission relating lo public benefit, and in particular to its supplementary public benefit guidance. The objects of the charity are the alleviation of homelessness and relief of poverty, hardship and the distress they cause to tttose in need. Our current strategic plan wns from 2021 to 2026.. Work wlth companions to reallse thelr asplratlons and potential by.. Delivering companion support and development Developing a range of employment and move-on housing options Creating more homes Deliver a wlder range of activities to address soclal excluslon by: Expanding our activities beyond the current community model Operate a range of social enterprlses to provlde flnanclal sustainablllty by: Increasing income and surplus to ensure sustainability Improving our processes & making better use of technology Page 2 .Oo¢usign Envelope ID.. 1FA40CCO-FS8049A1.8E83.1C9774445CAB EMMAUS CAMBRIDGE (A Company Llmited by Guarante•) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Build an environmentally focused and active organisation by: Becoming a beacon known for our environmental values and praCtI￿S Demonstrate organlsatlonal sustalnablllty and ethlcal practlce by: Developing the Emmaus Cambridge organisation through Working with staff to achieve their ambitions and potential Ensuring that we have the staff, infrastructure and local support needed to sustain ourselves Growing through partnerships Demonstrate 8011darlty wlth the UK Federatlon and worklng together for mutual beneflt by: Supporting other Emmaus Communities in the UK, Europe and intemationally, through solidarity activities. Facilitating companlon involvement in the wider movement Promote who we are, what we do, why and how we do It by: Enhancing brand credibility through greater understanding by those who engage wilh us Solidarity As the country experiences financial pressures and the political landscape remains volatile, trustees, staff. volunteers and companions are committed to providing solidarity through a range of activities locally and further afield. We continue to host non-residential Companions by providing valuable interaction with current companions and staff. This also enables the person to continue to be involved with the social enterprise through volunteering on ad hoc days or potentially over a series of days with the option of overnight stays. For some people this is sufficient to recognise where addilional support may be required to ensure that they remain on a positive path. Supporting companions without recourse to public funding is also an important aspect of our work. During the year at any one lime belween one and three rooms were utilised by people in this situation, Where possible we help individuals to achieve settlement stalus and subsequently secure paid work to contribule to wider society and, from a more personal perspective. hope for a better future life. We had the pleasure of welcoming a Spanish student keen to learn about Emmaus and rts emphasis on minimising environmental impact through its circular economy, alongside an opportunity to live and volunteer in an Emmaus community so he could perfect his English ahead of a language exam. Accommodation, food and some t￿nsport was funded by Emmaus Cambridge as a further act of solidarity. With the support of trustees, companions were approved their own solidarity fund from March 2024 and in the subsequent monlhs donated a collective sum to the value of £2,000 to the following causes.. CamCRAG, Emmaus Inlernalional in respect of the Turkiye Earthquake Appeal, Emmaus Bolton. Cambridge City Foodbank and Streetvet. Wider Emmaus In a financial year which celebraled the 70th anniversary of the Uprising of Kindness we supported Emmaus Suffolk and Emmaus Hertfordshire with donations of preloved goods, whilst as highlighted above, our companions chose to help provide funding for repairs to the roof at Emmaus Bolton. We also had the pleasure of working alongside the Satu Mare community in Romania as we welcomed staff and companions to Emmaus Cambridge in February. The community joined us to re￿1ve a container of donated goods which had been collected, packed and funded by Emmaus Cambridge. Helping others who are less well- off is key to how Emmaus communities operate and as a community fortunate to receive large numbers of donations from people across Cambridgeshire, we are in a favourable position to support others. In addition to benefiting from spending time in another community, the team from Satu Mare were able to raise vital funds to Page 3 Docusign Envelope ID.. 1FA4DCCO-F58049AI-BEB3-1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 continue their essential work, supporting a largely younger group of people who have typically been in care and have little or no support on reaching adullhood. A solidarity sale took place on 29 June 2024, raising £3,783 for Emmaus International. A solidarty sale sees takings from the day donated to support activities in the wider international movement. In October we hosted representatives from Emmaus Norfolk and Waveney as Ihey embarked on their Walk of Kindness from St. Davids in Wales all the way back to their sile in Norfolk. It was a pleasure to provide accommodation, hot meals and packed lunches in support of their fundraiser. In support of this, a team from Emmaus Cambridge also joined them for a ten mile stretch of the 450-mile route. At a national level Emmaus UK continues to make great strides in respect of raising the profile of Emmaus as an or9anisation driven to do more than offer a bed for a night. The support alongside the work experience and safe, secure accommodation is integral in helping people through and out of homelessness. There is a continued emphasis on delivering consistent service5 in line with the Emmaus Quality Standards through the introduction and use of a dedicated companion relationship system and review of a raft of policies to underpin Ihis important work. This is complemented by our focus on compliance wilh the Supporting Housing Act. Emmaus UK has developed a Supported Housing Act working group and Emmaus Cambridge is delighted to have both staff and companion representation in this group. We have also maintained our presence at national events such as our National Assembly and national and regional meetings. Encouragingly, five companions attended the 2024 assembly and contributed to the many workshops and plenary sessions. We work hard to involve companions in activities and lo support their requests to attend companion meetings and to ￿present companions and to present the views of our wider community. We were delighted our longest seNing companion was recognised for his valuable contribution to Emmaus Cambridge and highly commended as a Community Hero. 'A challenging aspect of the year, however, has been the devaslating developments relating to our intemational founder. Abbe Pierre. News broke in July 2024 of allegation5 of abhorrent acts undertaken by Abbe Pierre which sent shockwaves through Emmaus Cambridge and all Emmaus communities. As a comprehensive investigation continues, we stand in solidarity with all of the victims of these terrible events, and we vow to learn from these to ensure acts of this type cannot be repeated and we rigorously protect the safety of all those in our sepiices. Subscrlptlon8 Subscriptions are provided by Emmaus Cambridge lo continue the valuable national and intemalional work undertaken by the Federation. Amounts paid over during the year (calculated on 2022-23 results) were.. Emmaus International received 1.5% of trading income.. £16,654 (£5.905 2022-23) Emmaus Europe received a standard contribution of £2,786 {£3.0212022-23) Emmaus UK received 0.50/0 of trading income and a fixed levy of £500.00, totalling.. £5,530 {£5.558 2022-23) Helping other organisations (solidarity) We are committed to helping other organisations. and, in this twelve-month period, we have worked alongside and supported many projects, including.. As in prior years, at least one and on occasions up to three students from the Castle School join us once a week with their teaching assistant to help with tasks in our gardens, and retail areas. Alongside providing practical opportunities they enjoy lunch and refreshments in our shared dining room and the company of staff, volunteers and companions. Companions and staff took part in the Perse School sleepout, answering questions candidly around the causes and challenges of being homeless. Page 4 . Docusign Envelope ID.. 1FA4DCCfyF58049AI-BE83-1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 We remain engaged with Jimmy's and Wintercomfort, providing clothing and sleeping bags and also donated to support It Takes A City with soft furnishings, lighting and furniture for projects Including their female only initiative The Haven. CamCRAG, 8 local charity who supports refugees invited Emmaus Cambridge on the committee for their February Winter Fair and Sleepout and subsequently donated £2,834 in support of our work. We collected prescription glasses and sunglasses and donaled these to Specsavers to benefit people in other countries. We supported a theatre group by donating some items for their produclion, ensuring less goes to landfill and benefiting local people through social activities and entertainment, thus reducing social isolation. We work with the Institute of Offenders, Management, providing clothing and homewares on an ad hoc basis Our support lor international projects includes a Lung Health Centre in Sierra Leone, where we donated clothing, foohvear and bric-a-brac goods. The items were greatly appreciated by the charity, helping to support people living in poverty and experiencing ill health. We also gave suitcases to a local school which they then filled with clothing to distribute to a school in Africa, in addition to a further donation of bedding and clothing to an African charity. In our previous ￿port we mentioned that we continue to have a positive relationship with New Meaning, a local social enterprise. We formally took possession of one of their modular units with an agreement to continue advertising their facilrty for a period. Helplng famllles and Indlvldual818olldarlty) Our solidarity packages, which are delivered wrth support from Cambridge Aid and other agencies, see individuals or families in South and East Cambridgeshire and Cambridge City receive up to £400 of products from the charity, £100 of which is funded by Cambridge Aid or applicable agencies and the balance by Emmaus Cambridge. Further to the generosity of its donors, Emmaus Cambridge budgets to provide up to four packages per week {208 per year). In this financial year, 95 were awarded to individuals or families, providing goods to the value of £23,719 (£38,100 2022-23) plus a further 21 solidarity packages (116 combined total, 194 in 2022- 23) were provided to other causes equating to £20,957. The total goods gifted through solidarity was £44,676. In addition lo this the charity also offers smaller occasional donations, onewoff donations or discounts such as free delivery to support people in need. Several companions took part in solidarity which ranged from attending events, sharing their stories and supporting other local activities. Finally, at the request of companions, the community, supported by the staff team, hosted a solidarity Christmas Lunch. Held on 10 December, 34 people were invited along to enjoy a three-course lunch in the company of Sir Terry Waite, Emmaus UK president. Achievements and performance Review of activities (November 2023 to October 2024) Community 18.300 bed spaces were available during the year and we filled 16,458, resulting in an occupancy rate of 900/0 (92Q/D 2022-2023). The Emmaus model tailors support to meet the individual need and typically welcomes a more mature demographic. this results in great complexrty and longer time needed to build trust and support with the development of a routine. In the financial year 2024-25, a new companion relationship management system will be launched which will provide greater insights into the support offered and crucially help evidence the growing unmet need which we are wrtnessing. During the year, the number of companions being supported has been stable. fluctuating between 43 and 48. As Page 5 oocu5ign Envelope ID.. 1FA40CCO-F58049A1-8E8>1C9774445CA8 EMMAUS CAMBRIDGE IA Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 part of the referral process prospective companions go through a methodical and supportive process to understand their motivations to join an Emmaus Community and help determine their suitability. Emmaus and its balance of communal living alongside support and work experience is a lifeline for many and a combination which enables them to tread a new path to a brighter and rn0￿ purposeful future. Subject to assessments of their health, existing skill set and appetite to leam, companions undertake tasks within the community and social enterprise to the best of their ability. Several people see Emmaus as a stepping stone to a new life and, with support, quickly set goals with others needing more help to gain confidence and overcome the fear of past eXPerien￿S. The diversity of life experiences means that companions are well placed to support one another, and we find this companionship is key to finding a direction and understanding their own worth. Alongside a trauma counsellor who supports a selected group of companions, we have continued to secure funding to enable us to welcome the Fitness Rush Group mobile gym, prtrbono support for a bio dynamics therapist and more recently a pro-bono podialrist. In the new financial year, we will further Complement our offer with a Irainee counsellor and a poet laureate. We have also forged a new relationship with Cambridge Regional College {CRC) to increase the range of options open to companions. For Ihose needing more specialist support, we have deepened our relationship with Change, Grow, Live (CGL). We also work closely with a dietician. We have forged stronger relationships with Changing Futures, with companions and staff taking part in c&produclion sessions alongside attending SUN ne￿Ork events. This is a powerful way in which companions can use their lived experience to benefit others, and staff can build useful connections and peer support. As in previous years, we have facilitated five COVID vaccination appointments for those eligible and achieved take up take for flu vaccinalions of 55 %. We have also assisled with dental and optical appointments, sourcing NHS funded care where available and visits to Polling Stations to vole. In-house training has slowed during this year. due lo a change of personnel at Emmaus UK, however emphasis will be placed on this in the new year. We a￿ delighted that an individual who joined us from the probation sep4ice has embarked on a fishing qualification, which he is due to complete in the next financial year. Followin9 on and from a social perspective, several companions have continued fishing together and we have supported the renewal of licences. Some have attended quiz nights, many have enjoyed meeting and supporting overseas volunteers either through simply spending time with them or participating in shuffleboard, a communal form of evening entertainment. Additionally, we continued our relationship wrth Slreetvet and the Dogs Trust to support companions who have pets living with them at Emmaus Cambridge. We welcomed 14 new companions during this year and said farewell to 16. Of those arriving, referrals came from South Cambridgeshire District Council, the Institute of Offenders, Management with some from other Emmaus Communities. Those who left have secured jobs and accommodation, moved overseas or chosen avenues outside of Emmaus to continue their personal jOUTneys. Social Enterprise Activity Following strategic investment in the team in 2022-23, the social enterprise has seen further financial success in 2023-24. The team have demonstrated that all areas have the capacity to grow. creating a welcome discussion for Ihe new financial year. Furniture has remained the highest income generator, with textiles and Bric a Brac in second and third respectively. The Bric a Brac department was recognised as a flourishing area in the previous financial year and benefited from the floor space for the sale of Bric a Brac in our emporium being doubled by our maintenance team. As well as providing affordable items for the public, this V￿11 supported service means people can furnish their Page 6 . Docuslgn Envelope ID.. 1FA4DCCO-F58049A1-8E8&1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limlted by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 entire home at good prices and very reasonable delivery rates. A further positive being that reuse results in less going to landfill. eBay has gone from strength to strength, regularly generating income averaging £7,800 per month. The items selected for eBay are usually of a higher value or expected to draw a niche audience which may be more accessible via online platfomis. ReBoot complements the Emmaus Cambridge offer with reconditioned IT equipment. From laptops to monitors and towers to tablets, the team provides a vital service to ensure that through solidarity or customer purchases we can help children access the resources they need for school and for parents to keep connected. Emmaus Cambridge have been responsible for 1.942 collections and 1,517 deliveries of larger rtems to households predominantly in Cambridgeshire. The crews are typically companions who work in small leams in the charity's small fleet of vehicles. Alongside this. on non-trading days, the largest proportion of companions and staff spend the days festocking and refreshing the retail areas and ensuring that the donation hub and recycling area are cleared in preparation for the next trading week or completing house clearances. 24 house clearances took place in 2023-2024 with enquiries al 57. this was a conversion rate of 420/0. Excellent relationships have been forged with Abbey College. Godolphin Slables and The Raifvay Student Accommodation helping to again enhance stock for sale in our shop. Our activities have not been without their challenges, however. The industry wide impact of textile recycling companies ceasing or reducing their services had a significant impact for several weeks. The charity worked to Sour￿ alternative partners. at lower prices but gladly the new arrangements have been effective and involve another charity partner, the Salvation Army. The charity also used the opportunity to review its approach to resale of some textiles and scheduled a jumble sale which took place in the financial year that follows this report. In October 2023 we also eXperIen￿d an underground electrical cable fault, which required emergency services and power company support. The following six weeks saw the companion house operate on a generator and pressure placed on the social enterprise as card machines failed due lo power outages and the commercial kitchen was used to cater for the companions who live on site. meaning thal a reduced food offering was available to customers. This caused the Coffee shop to sadly secure less income in the period than we would have expected given the grovrth in all olher areas. Disappointingly in February 2024 we were also victim to a second workshop burglary. Sadly, the Cambridgeshire Constabulary have been unable to identify the person{s) involved via the CCTV images. It has become apparent given the nature of the crimes that one theft is often followed by a second in short succession as criminals are acutely aware of the insurance claim timeframe and can be typically guaranteed newer equipment on the second attempt. Emmaus Cambridge has tried to mitigate this type of incident by enhancing security and an overhaul of CCDJ across its site, However as with many retail businesses, we have also witnessed Iheft on a much lower value. but more regular basis, from members of the public from our charity shop. As a small Charity this remains both disappointing and frustraling with the whole Emmaus team working hard to address the issue without risking the safety of the team, the public or our reputation. Finally, due to movement in companions, we agreed to pause temporarily the Market Stall in Ely. Inilially the initialive was introduced to extend the reach of Emmaus Cambridge and raise our profile. As the slrategic plan develops for 2024-2025, a decision will be made as to whether this resumes or whether this activity is directed to a different geographical area or resources lo another area of the social enterprise. Environmental This year saw us utilise further funds from Emmaus UK lo insulate our companion house, an ongoing project, which will see the balance of these funds spent in the next financial year. Page 7 Oocusign Envelope ID: 1FA40CCO.F58049A1.BE8&1C9774445CA8 EMMAUS CAMBRIOGE (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2024 Although we incur a fee, we work with a local company to take faulty electrical goods, and we have a good relationship with Milton Recycling Centre in respect of unsaleable or faulty white goods to ensure that we are responsible and compliant in the safe disposal of these items. We also work closely with S&N books lo recycle books which have not sold on the shop floor. where we have multiple copies or the quality is not sufficient for sale. As in previous reports, we accepted over six tonnes of clothing Irom OSB events further to the Cambridge Half Marathon these items were either sold in our shop, distributed or recycled and this gained positive news coverage from BBC Cambridgeshire and BBC News. When changes are made at the site, we inevitably repurpose materials using them elsewhere or transfomiing them to bird boxes or storage boxes. We continue to champion reuse and recycle and all aspects of our work are built on sending less to landfill. One of our aims for the next financial year is to measure more robustly and record this data more accurately io demonstrate the added value. Solar panels help to keep our electricity costs as low as possible with any extra provided back to the grid. The team also use environmentally friendly cleanin9 products, an initiative which helps keeps the site working effectively as it Is not on the main sewage nefvrfork bul also ensures higher waste water quality. And lastly, we have changed our electricity supplier to one which is renewable energy Each of these actions are small but collectively they make a difference and Emmaus Cambridge recognise the value of small improvements. Staff, Volunteer8 and Trustees Our focus for 2023-24 was to reach full staff complement and pleasingly this was achieved by the end of the financial year. Trustees also approved the addition of four support workers to support wrth the development of our companions and to respond to both the Emmaus Qualty Standard5 and in preparation for the supported housing act. The entire team places great importance on the balance betsveen our purpose to help develop our companions and the need to support our wider community alongside financing the increasing costs in these increasingly turbulenl financial times. The government announcement of increases to national insurance contributions and the reduclion in tax thresholds were unexpecled and disappointingly will mean that less of the money secured by Emmaus Cambridge can directly benefrt companions in the next financial year.. Throughout the year individual volunteef numbers were befvrfeen 14 and 31. The volunteers helped in a range of areas from helping to process our high levels of stock, representing us at events, working on our shop counters, preparing stock for our seasonal promotions, such as Christmas or Return to School and winning awards at the Christmas Iree festival at our local church, All Saint's, Landbeach. Collectively our volunteers contributed 3,807 hours to support the work of Emmaus Cambridge. We have welcomed an increasing number of corporate volunteers during this period. This includes staff from Cadenl, Aztrazeneca. Mathworks. Baywa r.e. EMEA and our new charity partner The Cambridge Building Society. All have added great value and shown sensitivity and respect for the causes of homelessness and the work we are doing to rebuild people's lives. We have also had the pleasure of welcoming overseas volunteers, and people from Red Balloon. The new financial year will also see us resume the Duke of Edinburgh scheme. Page 8 .Oocusign Envelop8 ID.. 1FA40CCO-F58049A1.BEB3-1C9774445CAB EMMAUS CAMBRIDGE (A Company Llmited by Guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 The Board appointed a new board member in this financial year, who unfortunately had to step down due to personal circumstances. A robust selection recruitment process is Unde￿ay, with the intention to welcome new trustees in the financial year 2024-25. Additionally, Andrew Cornish has seNed three temis and it was agreed his term be extended to provide continued stability until a suitable replacement can be secured and inducted. The Board meel quarterly and the various committees meet bi-monthly or quarterly, Public Relations activity As part of the Federation, we benefit from the expertise of a Regional Communications Officer weekly for half a day. As recognition to the importance of this role. this resource has been increased since July 2024 to one day per week with Emmaus Cambridge supplementing the additional half day. This support helps our small charity to celebrate our successes, raise our profile and engage a larger audience. Key achievements include.. 1 $0,146 (152,537 2022-231 visrtors to our websrte. Of these, 2,707 (2,572 2022-231 were via social media. Facebook posts reached 324,380 {171.400 2022-23), an 89¥0 increase on the previou8 year. 46,877 {6,500 2022-23) feached on Instagram. a 6210/9 increase on the prior year and a welcome illustration of the success of this platform. New followers on Instagram have risen to 679 {227 2022-231. 71 (312022-20231 pieces of press coverage with a total reach of 19,826,232 {4,056,7112022-2023) Some successful stories and posts throughout the year include.. Solidarity Sleepout with CamCRAG raising £9,932 and raising awareness of rough sleeping and the refugee crisis- of which we received a donation as highlighted previously in our report We sent donated goods to Emmaus Romania's Satu Mare Community and shared interviews with Satu Mare team online. Our Chief Executive visiled 10 Downing Street following an invitation from Rt Hon Mel Stride MP Secretary of Stale for Work and Pensions to celebrate 20 years of the Centre for Social Justice The newly elected Liberal Democrat MP for Ely and East Cambridgeshire, Chaflotte Cane, pledging her support for Emmaus UK'S campaign for more supported housing during her visit to our community. She also pledged support to Emmaus UK'S calls for the government to properly consult and act on the Supported Housing Act to introduce national standards across the country, ensuring people who have experienced homelessness have a place to call home. We We￿ privileged to join the team of Emmaus Norfolk & Waveney walkers on the Cambridgeshire leg of their epic 450-mile cross-UK sponsored walk, resulting in great social media engagement and media coverage. Changes to X (formerly Twffter) resulted in declining use and subsequently we have withdrawn reporting of this platfomi. Programme related investments As per previous reports, in addition to its paid staff, Emmaus Cambridge's greatest investment is its site and buildings. The community, located off the A10 at Landbeach comprises shared accommodation and modular homes for companions with access to communal dining, laundry. television and IT areas and gardens, plus four flats which currently accommodale three staff members who reside on site. One staff member left in the period and the flat is currently being trialled as an additional space for dedicated companion support. The residential area is complemented by a series of further buildings which are used for warehousing, donation receipt, retail and catering premises. and offices to oversee the operation. Discussions have taken place wilh trustees in relation to financial investments and these will be explored further in the next financial year. Bullding workslmaintenance Emmaus Cambridge has paid maintenance staff who work wrth a small cohort of companions who have Page 9 Docu$lgn Envetope ID.. 1 FA40CCI>F58049A1-BEB>1C9774445CAB EMMAUS CAMBRIDGE (A Company Llmited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 indicated an interest in this field. As in previous years, the team diligently manage a significant programme of activities to maintain the buildings and site. As we house largely vulnerable adults, our supported housing facilities typically experience more repair and renewal then found in other types of social housing. In this period, in addition to refurbishments of rooms on the departure of a companion, we have also completed works to remove and replace internal ceilings to be compliant with updated building regulations. As highlighted earlier, we have continued the programme of window replacements in Ihe main house. The electrical cable incident in October 2023 provided an opportunity to upgrade various electrical pane15 and boards and this wo has now been completed. The second burglary also required repairs and upgrades to facilities, which included the installation of additional cabling to enable the CCTV to cover a larger area including the main gate. From the perspective of the social enterpris•.' We have upgraded CCTV across the site and within the retail premises and enhanced our signage. We replaced the main gale to our site further improving our security. We have moved the communications cabinet lo a more secure area. We have refilled and relocated the New Meaning building. We are currently reviewing if this could be used by our companions or community. We are in the process of handing over to the social enterprise, the structure replacing the original New Meaning building. Due to the feedback from our customers and following support from companions we are intending to open this as a summer ice cream or tearoom. We have added new fencing in the car park to help protect the top field, out of season. We have spread over six tonnes of gravel in our car parks to help maintain them and we have resurfaced paths and tarmac. We have added fireboards to the Emporium. We planted a further 250 saplings to help develop our grounds and encourage wildlrfe. We have begun work to reconfigure office space and introduce a dedicated reception area. We have a plan in place to make the shop more open plan in an aim to reduce theft. We have ordered materials to replace the roofing to the front of our shop. Financial Review Golng concern After making appropriate enquiries, the trustees have a reasonable expectation Ihat the charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, Ihey continue to adopt the going concem basis in preparing the financial statements. General overview The trustees have carried out their annual review of their reserves policy in the year. As part of this process, they have considered both the financial impact of risks facing th• chariiy as well as resernes required for future planned capital projects, commitments and contingent events. Designated Funds Cessation of operations Capital projects Note Amount 240.000 30,000 1. The Trustees have agreed that the charity should hold 3 months operating expenses in reserve. and in particular ring fence sufficient funds to meet creditors and obligations to Companions and staff should we be forced to cease operations. 2. We have planned further capital projects as listed above, and vrfe have allocated £30,000 to meet the estimated costs. At the year end the Charity had total funds of £3,359,013 of which £3,229,868 are unrestricted. Of these unrestricted funds. £56,818 are held by the subsidiary and £2,457,496 are represented by fixed assets leaving Page 10 . Oocuslgn Envelope 10.. 1FA40CCO-F58049A1-8E8>IC9774445CAB EMMAUS CAMBRIDGE (A Company Llmbted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 free reserves of £715.554. After the above designations. free resepies are £445,554, against a target of £NIL. The trustees are satisfied reserves held are not excessive, with operatin9 expenses expected to increase in coming years. Principal funding The results of the yearfs operations are set out in the attached financial statements. The net inflow of funds amounted to £288,077 (2022-2023 £201,205) after including donations of £129,925 <2022-2023 - £140,435), grants of £6,500 (2022-2023 - £18,327} and one-off legacies of £15,303 (2022-2023 - £15.OOO> and the total income raised was £2,004,221 (2022-2023 - £1,787,014) £19,138 (2022-2023 £30,264) has been spent on governance costs, whilst other expenditure has focused on supporting companions. their accommodation and welfare. the business activities including adminislration, the running of the workshops, the retail shop and the collection of donated goods, all of which create the importanl platform for supporting and developing companions, personal skills and self-esteem. Donations to the social enterprise remain buoyanl with daily levels fluctuating between the lowest of 56 to the highest of 171. This volume of goods is essential to help finance the running of the charity and ensures that currently the charity does not outlay slock for our social enterprise other than In our coffee shop. Governance and management Method of appolntment or elactlon of Trustees The management of the charity is the responsibility of the trustees who are elected and co-opted under the termg of the Articles of Association. Trustee nominations either come from other trustees within the charity and ils supporters or via open advertisement and must be approved by existing trustees, in accordance with the Articles of Association. When specific skills are required, approaches are made to people with relevant expertise who are sympathetic to the ethos of the charity. If necessary, a trustee would be co-opted specifically lo cover the required function. The current Trustees and those who served during the year are shown on page 1. Pollcles adopted for the induction and tralnlng of Trustees Each new trustee is required to undertake an induction programme which includes briefings on their legal and ethical responsibilities as trustees, the ethos and values of the Emmaus movement together with the governancg, history and operation of Emmaus Cambridge. Annual appraisals of trustees were not undertaken in this financial year. The chair of trustees, however. has a schedule of activity planned for the next financial year, the aim being to help measure their collective and individual performance. Suitable training is offered in line with the NCVO Code of Good Governance and via Emmaus UK and any refreshers on training available is circulated via the Chief Execulive, by email or in Board papers. Organisational structure and decision making In order to work effectively towards the alleviation of homelessness and relief of poverty and hardship and the distress they cause to those in need, the board of truslees and the leadership team believe that companions musl be at the centre of Ihe organisation, and this is reflected in the structure of the charity. Daily moming meetings take place to discuss feedback, raise concerns and agree decisions. The community also has a fortnightly companion forum. with feedback presented to staff for commenvaction. The community also elects a representative who attends meelings at a national level organised by Emmaus UK. Due to movement of companions attendance has been erratic in this period however the staff team and trustees are passionate about its continuation and work is under way in response. Page11 Docusign Envelope ID." 1FMDCCO-F581)49A1-BEB3-1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limited by Guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 The recently added Solidarity committee meets quartedy and is chaired by a trustee. Companions are encouraged to attend and bring points for discussion or feedback on policy or developments. Companions are integral to the ethos of, by helping others, you help yourself and as highlighted earlier in our report, in the financial year companions requested funds to distribute to causes passionate to them, in line with our articles of association. We were also delighted to involve companions in our Strategy Day in March 2024 to hear what is important to them and what they would like to protect for others in the future. It was also refreshing lo hear about their vision and their appetite for future aspects of the social enterprise in whal proved to be an energetic and well supported offsite activity. Related party relatlonships Emmaus Cambridge is a member of the Emmaus UK Federation, working alongside other communities and groups. Emmaus Cambridge also operates Emmaus Cambridge Homes, a separate entity introduced further to the construction of 10 new rooms in 2018. Rlsk management Trustees have a risk register which aims to manage and mttigate risks that the charity might face, and this is reviewed regularly. A nominated trustee oversees health and safety issues throughout the community with nominated personnel having day lo day responsibility for ensuring compliance. A nominated trustee also supports in a safeguarding capacrty. This is recognised as an area of importance and a dedicated meeting to scrutinise the current risks in greater length has been agreed for the first quarter of 2025. Future developments Strategic Plan Whilst our current strategic plan was due to run to November 2026, trustees agreed that we would launch a new strategy in November 2025 to ensure that we were aligned with the Emmaus Quality Standards and the Supported Housing Act. This can be viewed our website https.'Ilemmaus.org.uklcambridgel This takes into account and complements the strategic priorities which have been set out by Emmaus UK, which are detailed in our stralegy: We will help more people by: Enhancing our support offer so we can work with more complex people. Developing our companion offer. Increasing the profile of solidarity to help more people. Fundraisingwere we need too. We will work smarter by: Improving our process and make better use of technology. Improving our environmental impact Reviewing governance and succession planning for staff and trustees. Supporting the EUK Transfomiation process. We will shout louder about Who we are and how we make a difference. Page 12 'Docusign Envelope ID.. 1FA40CCO-F58049AI-8EB3.1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limited by Guarant88 TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 OCTOBER 2024 Celebrating what we achieve. Working closer with the local authority and other local partners. Trustees. responsibilities statement The Trustees (who are also directors of Emmaus Cambridge for Ihe purposes of company law) are responsible for preparing the Trustees. ￿pOrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudenl., stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounling records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee In order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Approved by order of the members of the board of Trustees and signed on Iheir behalf by.. Ms L E Matheson Trustee, Treasurer Date.. 02 June 2025 Page 13 Docuswn Envelope 10: 1 FA40CCO-F58049A1-8EB&1c9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE OPINION We have audited the financial statements of Emmaus Cambridge (the 'parent charitable company,) and its subsidiaries (the 'group') for the year ended 31 October 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework Ihal has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the Group's and of tha parent charitable company's affaifs 8s at 31 Oclober 2024 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilrties for the audit of the financial statements section of our report, We are independent of the Group in accordance wrth the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial slalements. we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial slaternents is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability lo continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wtth respect to going concern are described in the relevant sections of this report. Page 14 .Oocuslgn Envelope ID.. 1 FA4DCCO-F58049A1.BE8>1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) INDEPENDENT AUOITORS, REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE (CONTINUED) OTHER INFORMATION The other information comprises the information included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent olherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informalion and, in doing so. consider whether the other infomation is materially inconsistent with the financial slatements or our knowledge obtained in the course of the audit, or otherwise appears to be malerially misslated If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, VR are required to report thal fact. We have nothing to report in this regard. OPINION ON OTHER mA￿ERs PRESCRIBED 8Y THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audit-. the informalion given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements. Ihe Trustee5' Report has been prepared in accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charitable company and its environment obtained 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 following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches nol visited by us,, or the parenl charitable company financial statements are not in agreement with the accounting records and retums.. or certain disclosu￿5 of Trustees. remuneration specified by law are not made.. or we have nol received all the infomation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in prepaiing the Trustees, Report and from the requirement lo prepare a Strategic Report. Page 15 Doojsign Envelope 10.. 1FA40CCO-F58049A1-8E83-1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE ICONTINUED) RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees. Responsibilities Statement, the Trustees {who are also the directors of the charitable company for the purposes 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 delemine is necessary to enable the preparalion of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's abilty to conlinue as a going concern. disclosing. a5 applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidale the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will a￿ayS delect a material misstatement when il exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of nonF58049A1.BE8>1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF EMMAUS CAMBRIDGE (CONTINUED) USE OF OUR REPORT This report is made solely to the charitable companYs members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the chafilable company's trustees, as a body, Part 4 of Ihe Charrties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stale to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and rts members, as a body. for our audit work, for this report, or for the opinions we have formed. Michael Hewett (Senior Statutory Auditor) for and on behalf ol Petern Elworthy & Moore Chartered Accounlants Statutory Auditors Salisbury House Station Road Cambridge CB12L4 Date.. 02 June 2025 Page 18 .Docus(qn Envelope ID.. 1 FA4DCCO-F580-49AI-BE83-1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note INCOME FROM: Donations and legacies Charitable activities Housing benefit Social enterprise Interest income Other income 9,184 142,544 151,728 173,872 495,738 1,273,391 15,127 68,237 495,738 1,273,391 15,127 68,237 470.144 1,110,288 6,818 25,892 TOTAL INCOME 9,184 1,995,037 2.004.221 1,787,014 EXPENDITURE ON: Charitable activities 23,282 1,692,862 1,716,144 1,585,809 TOTAL EXPENDITURE 23,282 1,692,862 1,716,144 1,585,809 NET (EXPENDITURE)IINCOME Transfers between funds (14,098) 3,546 302,175 (3,546) 288,077 201,205 12 NET MOVEMENT IN FUNDS 12 (10,552) 298,629 288,077 201,205 RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 12 12 12 139,697 110,552) 2,931,239 298,629 3,070,936 288,077 2.869,731 201.205 TOTAL FUNDS CARRIED FORWARD 12 129,145 3,229,868 3,359,013 3,070,936 The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 24 to 38 form part of these financial statements. Page 19 Oocusign Envelope ID.. 1FA4DCCO-F58049A1-BE8>1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Note FIXED ASSETS Tangible assets 2,565,288 2,607,407 2,565,288 2,607,407 CURRENT ASSETS Debtors Cash at bank and in hand 106.854 795,482 91.385 562,315 902,336 653.700 Creditors= amounts falling due within one year 10 1100,908) (167,293) NET CURRENT ASSETS 801,428 486,407 Creditors.. amounts falling due after more than one year 17,703) (22,878) TOTAL NET ASSETS 3,359,013 3,070,936 CHARITY FUNDS Restricted funds Unreslricted funds 12 12 129.145 3,229,868 139,697 2,931,239 TOTAL FUNDS 3,359,013 3,070,936 The Trustees acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. fvJl&LSth Ms L E Matheson Trustee, Treasurer Date.. 02 June 2025 The notes on pages 24 to 38 form part of these financial statements. Page 20 ' Oocuslgn Envelope ID.. 1FA4DCCO-F56049A1-8E8>1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee REGISTEREO NUMBER: 03422363 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Note FIXED ASSETS Tangible assets 2,565,288 2,607,407 2,565,288 2,607,407 CURRENT ASSETS Debtors Cash at bank and in hand 87,126 758,392 77,964 479,494 845,518 557,458 Creditors.. amounts falling due within one year 10 1100,908 1167,293) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 744,610 390.165 3,309,898 2,997,572 Creditors., amounts falling due after more than one year (7,703 (22,8781 TOTAL NET ASSETS 3,302,196 2,974,694 CHARITY FUNDS Restricted funds Unrestricled funds 12 12 129,146 3,173,050 139,697 2.834,997 TOTAL FUNDS 3,302,195 2,974,694 The Charitsls net movement in funds for the year was £327,501 (2023 - £116,346). The Trustees acknowledgé their responsibilities for complying wrth Ihe requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to the small companie5 regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Ms L E Matheson Trustee, Treasurer Date: 02 June 2025 Page 21 Docu$￿n Envelope ID.. 1 FA40CCI>F58049AI-BEB&1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) REGISTERED NUMBER: 03422363 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2024 The notes on pages 24 to 38 form part of these financial statements. Page 22 ' l)ocuslgn Envelope ID.. 1 FA40cc￿FS8O49AI-BE8&lCg77444SeAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operating activities 320,831 329,425 CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interests and rents from investments Purchase of tangible fixed assets 15,127 1102,791) 6.818 {141.357) NET CASH USED IN INVESTING ACTIVITIES 187,664 (134,5391 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 233,167 194,886 Cash and cash equivalents at the beginning of the year 562,316 367,429 CASH AND CASH EQUIVALENTS.AT THE END OF THE YEAR 795,482 562,315 The notes on pages 24 to 38 form part ol these financial statements Page 23 Docuslgn Envehjpe ID.. 1 FA40CC(￿F58049AI-BEB>1cg774445CAB EMMAUS CAMBRIOGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 GENERAL INFORMATION Emmaus Cambridge is a private charitable company limited by guarantee and incorporated in England and Wales. Its registered office is Green End, Landbeach, Cambridge, CB25 9FD. The Charity's functional and presentational currency is GBP. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance wrth the Charities SORP {FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Emmaus Cambridge meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheTwise stated in the relevant accounting policy. The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheel consolidate the financial statements of the Charity and its subsidiary undertaking {note 20). The results of the subsidiary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. 2.2 GOING CONCERN The trustees have ￿vieWed the risk register and the forecasts to 31 October 2025 and consider that there are no material uncertainties relating to the Charity remaining a going concern for a period of at least 12 months from the dale of approval of these financial siatemenls. Page 24 ' Docusign Envelope 10.. 1FA4DCCO-F58049AI-8E83-1C9774445CAB EMMAUS CAMBRIDGE (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES (CONTINUED) 2.3 INCOME All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of re￿Ipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entrtlemenl to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of Ihe benefactor) and the executor is satisfied that the property in question will not be required to salisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in credrtors as deferred income. Where entitlernent occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the donation. Sales of donated goods are recognised at the time of sale. Housing benefrt income and rent is recognised in the period to whrch the housing benefit and rent rela18S. 2.4 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of Ihe obligation can be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity, Governance costs are those incurred in connectior) with administration of the Charity and compliance with constitutional and statutory requirements. Charitable activities and govemance costs are costs incurred on the Charitls operations. including support costs and costs relating to the governance of the Charity apportioned to charitable activities. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Granls payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. Page 25 Docuslgn Envelope ID: 1FA4DCCI>F58049A1-BE8&1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES (CONTINUED) 2.5 INTEREST RECEIVABLE Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity, this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accurnulaled impairment losses All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases.. Freehold property Assets under construction Motor vehicles Fixtures and fittings 2-10Q/ not depreciated 4-20 /0 The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date Freehold land is nol depreciated. 2.7 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short-lerm highly liquid investments wilh a short maturity of Ihree months or less from the date of acquisition or opening of the deposit or similar account. Page 26 ' DocU$￿n Envelope ID.. 1FA4DCCl￿FS8o49Al.BE83.1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES ICONTINUED) 2.9 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amounl of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount rt has received as advanced payments for the goods or services it must provide. Provisions are measured at the best eslimale of the amounts required to settle the obligation. Where the effect of the time value of money is malerial, the provision is based on the present value ol those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost. 2.10 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial liabilities of a ktnd that qualrfy as basic financial instruments. Basic financial instruments are initially ￿COgniSed at Iran5aclion value and subsequently measured al their settlement value with the exception of bank loans which are subsequently . measured at amortised cost using the effective interest melhod. 2.11 PENSIONS The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.12 FUND ACCOUNTING General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds thal have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which 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 to the financial statements. Investment income. gains and losses are allocated to the appropriate fund. Page 27 Docusign Envelope ID.. 1 FA4DCc1>F58￿49Al-BEB>1c9774445cAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 INCOME FROM DONATIONS AND LEGACIES Restricled Unrestrlcled funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Legacies Grants 9,184 120,741 15,303 6,500 129,925 15,303 6,500 140,545 15,000 18,327 9,184 142,544 161,728 173,872 TOTAL 2023 31,590 142,282 173,872 ANALYSIS OF EXPENDITURE BY ACTIVITIES Actlvltles undertaken directly 2024 Grant funding of activities 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charrtable activities 1,669,139 27,867 19,138 1,716,144 1,585,809 TOTAL 2023 1,541,061 14,484 30.264 1.585.809 Grants represent amounts payable to other Emmaus communrties and solidarity giving. Support costs represent the governance costs of the Group. Page 28 . Docu81gn Envelope ID.. 1FA4DCCO-F580.49AI-BE8&1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED ANALYSIS OF DIRECT COSTS Total funds 2024 Total funds 2023 Acllvilies 2024 Staff costs Depreciation Companions. weekly allowances Companions, leaving and holiday allowances Food and sundries Travel and vehicle costs Clothing and health expenses Sundry expenses Lighl and heal Rates and water Repairs and low cost assets Insurance Social enterprise direct costs Coffee shop costs Administration expenses 732,247 144,910 105.857 31,789 124,072 42,795 31,722 39,711 48,473 15,503 68,337 30,264 139,117 86,8 27,506 732,247 144,910 105,857 31,789 124,072 42.795 31,722 39,711 48,473 15,503 68,337 30,264 139,117 86,836 27,506 593.439 140,493 105,706 32,267 102,454 54,990 40,810 19,351 44,177 13,891 38,103 15,464 243,875 94,105 1,936 1,669,139 1,669,139 1,541,081 TOTAL 2023 1,541,061 1,541,061 AUDITORS. REMUNERATION 2024 2023 Fees payable to the Charity's auditor for the audit of the Charivs annual accounts 13,000 10,800 Fees payable to the Charitys auditor in respect of.. All non-audit services not included above 2,600 2,200 Page 29 Docusign Envelope 10.. 1FA4DCCO-F58049A1-BEB3-1C9774445CAB EMMAUS CAMBRIDGE {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 STAFF COSTS Group 2024 Group 2023 Charlty 2024 Charity 2023 Salaries National insurance Pension costs 648,610 54,765 28,872 525,674 48,532 19,233 648,610 54,765 28,872 525,674 48,532 19,233 732,247 593,439 732,247 593,439 The average number of persons employed by the Charity during the year was as follows.. Group 2024 Group 2023 Charity 2024 Charity 2023 Charitable operations Community operations Fundraising and administration 20 18 20 18 25 22 25 22 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.000 was.. Group 2024 No. Group 2023 No. In the band £60,001- £70,000 The key management personnel of the Charity are considered to be the trustees and chief executive officer. The total employment benefits including employerfs national insurance and pension contributions of key management personnel were £79,046 {2023 - £66,861). TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefrts12023 - £NIL). During the year ended 31 October 2024, expenses totalling £NIL were reimbursed or paid directly to Trustee (2023 - £NIL} Page 30 ' Docusign Envelope ID.. 1FA4DCCO.F58049A1.BE8&1C9774445CA8 EMMAUS CAMBRIDGE (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 TANGIBLE FIXED ASSETS GROUP AND CHARITY Fixtures, fittlngs and Assets office under equipment construction Freehold property Motor vehlcles Total COST OR VALUATION At 1 November 2023 Additions Transfers between classe5 3,457,098 39,365 16,047 133,888 253,209 46,923 10,141 16,503 (16,047 3,854,336 102,791 Al 31 October 2024 3,612,Sl0 133,888 300,132 10,597 3,957,127 DEPRECIATION At 1 November 2023 Charge for the year 1,011,520 110,029 99.749 13,619 136,660 21,262 1,246.929 144,910 At 31 October 2024 1,121,549 113,368 156,922 1,391,839 NET BOOK VALUE At 31 October 2024 2,390,961 20,520 143,210 10,597 2,565,288 At 31 October 2023 2,445,578 34,139 117,549 10,141 2,607,407 DEBTORS Group 2024 Group 2023 Charity 2024 Charity 2023 DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors P￿payMentS and accrued income 27,368 4,329 27,368 5,140 10,169 44,449 4,329 5,140 17,967 50,528 10.169 69,317 17,967 69,089 106,854 91,385 87,126 77,964 Page 31 Docuslgn Envelope ID.. 1 FA4DCClkF58049A1-BE8>1C9774445CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans Trade creditors Other taxation and social security Other creditors Accruals 14,214 34.662 14,417 8,525 29,090 13,409 98,933 13,654 10,192 31,105 14,214 34,662 14,417 8,525 29,090 13,409 98,933 13,654 10,192 31,105 100,908 167,293 100,908 167,293 The Charity has an unsecured bank loan which is repayable in monthly instalments by 2 November 2025. The loan incurs interest at 5.6/0. Other crediiors includes undrawn savings owed to companions amounting to £4,560. 11. CREDITORS: AMOUNTS FALLING OUE AFTER MORE THAN ONE YEAR Group 2024 Group 2023 Charity 2024 Charity 2023 Bank loans Other creditors 1,160 14,663 8,215 1,160 6,543 14,663 8,215 7,703 22,878 7,703 22,878 The Charity has an unsecured bank loan which is repayable in monthly instalments by 2 November 2025. The loan incurs interest at 5.60/0. Other credilors includes undrawn savings owed to companions amounting to £6.543. Page 32 ' Docu8ign Envelope ID.. 1 FA4DCCO-F58049A1-BEB3.1C9774445CAB EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 12. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 November 2023 Balance at Transfers 31 October Inlout 2024 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNOS Cessation of operations Capital projects Fixed assets 240,000 30,000 2,495,014 240,000 30,000 {37,518) 2,457,496 GENERAL FUNDS General Funds Subsidiary Funds 69,983 96,242 2,034,401 139,364) 11,692,802) 1601 33.972 445,554 56,818 TOTAL UNRESTRICTED FUNDS 2,931,239 1,995,037 (1,692,862 13,546) 3,229,868 RESTRICTED FUNDS National Lottery Building Fund Waterson Bursary Companion Training Fund ReBoot Fund The Clothworkers Foundation Tools Fund Windows Fund Jon Plumb Fund 112,393 14,601) 107,792 3,546 9,977 3,546 9,380 150 3,936 3,438 10,220 180 3,513 12,916) {1501 (620) 17,151) 17,844) 3,316 1,958 2,376 180 5.671 139,697 9,184 123,282) 3,546 129,145 TOTAL OF FUNDS 3,070,936 2,004,221 (1,716,144) 3,359,013 Page 33 Docusign Envelope10'. 1 FA4DCCO-F58049A1-BEB3.1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 12. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balance at 1 November 2022 Balance at 31 October 2023 Transfers inlout Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Cessation of operations Caprtal projects Fixed assets 240,000 30,000 240,000 30,000 2,495,014 2,495,014 GENERAL FUNDS General Funds Subsidiary Funds 1,975,470 11,383 1,285,280 470,144 (1,577,835) (1,612,932) {385,287) 69,983 96,242 1,986,853 1,755,424 {1,577,8331 (1,998,219) 166,225 TOTAL UNRESTRICTEO FUNDS 2,256,853 1,755,424 (1,577,833) 496,795 2,931,239 RESTRICTED FUNDS National Lottery Building Fund Waterson Bursary Companion Training Fund ReBoot Fund Lift Fund The Clothworker$ Foundation Pods Fund Tools Fund Windows Fund Jon Plumb Fund 116,994 3,114 8,545 5,000 5,000 17.900 456,325 14,601) 112,393 13,114) 4,210 150 13,375) 9,380 150 15,000) (5,000> 113,964> (456,325> (5,285) {8,107) 3,936 8,723 18,327 180 3,438 10.220 180 612,878 31,590 {7,976) (496,795> 139,697 TOTAL OF FUNDS 2,869,731 1,787,014 (1,585,809) 3,070,936 Page 34 ' DO￿$19n Envelope ID.. 1FA4DCC￿FS8O49Al-8E83-1Cg77444$CAB EMMAUS CAMBRIDGE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 12. STATEMENT OF FUNOS (CONTINUED) The National Lottery Building Fund - represents capital grants from the National Lottery Charities Board to fund building works at the community in previous years. Expenditure on this fund represents depreciation charged for the year. The National Lottery Charities Board require capital grants to be accounted for as reslricted funds and to be charged with Ihe depreciation of the underlying assets. There are various grant conditions thal require the Trustees to obtain Th8 National Lottery Board's permission to sell the building for a period of 80.years from the date of the grant. The Waterson Bursary - represents a fund from which companions could apply for funding to carry out projects that will be of benefit both to themselves and to others. The Companion Training Fund - represents donations towards the costs of companion training. ReBoot Fund - Funds towards recycling and refurbishing computer equipment for resale. Lrft Fund - Funds towards the costs of a new lift for the mezzanine. The transfer in the year represents amounts spent and capitalised during the year. The Clothworkers Foundation - this fund represents a grant towards a capital project for lrfts. The transfer in the year represents amounts spent and capitalised during the year. Pods Fund this represented the value of the six Solohaus pods donated by Hill Group. These were transferred lo unrestricted funds upon legal completion in January 2023. Tools Fund this fund represents donations received for replacement tools. following a theft during the year. Windows Fund this fund represents a capital grant towards new windows. The transfer in the year represents amounts spent and capitalised during the year. Jon Plumb Fund - represents a small donation for restricted purposes. Transfers not specificed above relate to funds fully spent in the year and transferred to unrestricted funds. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT PERIOD Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 107,792 21,353 2,457,496 2,565,288 880,983 902,336 (100,908) (100,908 (7,703) 17,703) TOTAL 129,145 3,229,868 3,359,013 Page 35 Oocu5ign Envelope ID.. 1 FA4DcC￿Fs8o49A1-BE83-lc977444ScA8 EMMAUS CAMBRIOGE IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 112,393 27,304 2,495,014 626,396 (167,293) (22,878) 2,607,407 653,700 (167,293) (22,878) TOTAL 139,697 2,931,239 3,070,936 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 14. Group 2024 Group 2023 Net income for the period (as per Statement of Financial Activities) 288,077 201,205 ADJUSTMENTS FOR: Depreciation charges Investment income Increase in debtors Increasel(decrease) in creditors 144,910 (15,127) (15,469) 181,560) 140,493 . {6,818) (39,720) 34,265 NET CASH PROVIDED BY OPERATING ACTIVITIES 320,831 329,425 15. ANALYSIS OF CASH AND CASH EQUIVALENTS Group 2024 Group 2023 Cash in hand 795,482 562,315 TOTAL CASH AND CASH EQUIVALENTS 795,482 562,315 Page 36 Docusign Envelope ID.. 1FA4DCCO-F58049AI-BE83.1C9774445CA8 EMMAUS CAMBRIDGE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 16. ANALYSIS OF CHANGES IN NET DEBT At1 Novembèr 2023 Cash flows Other non- cash changes At31 October 2024 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 562,315 113,409) 114,663) 233,167 12,698 795,482 114,214) 11,160) 113,503) 13,503 634,243 245,865 780,108 17. PENSION COMMITMENTS The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity and amounted to £28,872 {2023 - £19,233). Contributions totalling £3,965 (2023 - £2,085) were payable to the fund at the balance sheet date and are included in other creditors 18. OPERATING LEASE COMMITMENTS At 31 Oclober 2024 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Group 2024 Group 2023 Charity 2024 Charity 2023 Not later than 1 year Later than 1 year and not later than 5 years 27,407 36,275 11,806 2.663 27,407 36,275 11,806 2,663 63,682 14,469 63,682 14,469 19. RELATED PARTY TRANSACTIONS During the year the Charity received distributions from its subsidiary. Emmaus Cambridge (Homes) Limited amounting to £535,273 12023.. £385,287). At the year end the subsidiary owed Emmaus Cambridge £5,140 (2023. £5,140). Page 37 Do¢uslgn Envelope 10". 1 FA4DCCI>FS8049A1.BEB&1C9774445CAB EMMAUS CAMBRIDGE (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 20. SUBSIDIARY UNDERTAKINGS The Charity has a wholly controlled subsidiary, Emmaus Cambridge (Homes) Limited (11470806), a company limited by guarantee and incorporated in England & Wales, The profil for the year of the subsidiary was £495,849 {2023 £470,146) and at the year end the net assets were £56,818 (2023 £96,242). Page 38