REGISTERED COMPANY NUMBER: 03423090 (England and Wale$) REGISTERED CHARITY NUMBER: 1064474 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR EMMAUS COVENTRY AND WARWICKSHIRE Hrison Beale & Owen Limited Chartered Accountants Highdown House I l Highdown Road Leamington Spa W8nvickshire CV31 IXT
EMMAUS COVENfRY AND WARWICKSHtRE CONTENTS OF THE FINANCIAL STATETrtENTS for the year ended 30 June 2024 P8ge Report of the Trnstees I to 4 Independenl Examlner's Report St4ternent of Flnancl31 Actlvltles Balatsce Sheet Cash Floiv StAtemenl Notes to the Ca$h Floiv Statemellt Note5 to the FlknAnclAI Statements 10 to 19
EMMAUS COVENTRY AND WARWICKSHtRE REPORT OF THE TRUSTEES for the year ¢Dded 30 June 2024 The tStee who are also directors of the charity fot tbe pu4)08 of the Con]panies Act 2006, present theii report wit the fillancial slaleinenls of tlie charity for the y¢ar ended 30 June 2024. The tnteeS have adopted tbe pi'ovisions of Accounting aiid Reporti8 by CRLarities.' Statement of Recon)mended Pi'actice applicable to charities prepai'ing their accoiints in accoi'dance with the Finallcial Repoi'ting Standard applicable in the and Republic of Ireland (FRS 102) (effective l Januaiy 2019). OBJECTIVES AND ACTIvrrILs ObJectlves aiid Aln]s Emmaus Coventsy and Warwicksbire (ECW) came ints) being on 20 November 1992 on the inilialive of the Coventt'y Couiicil of Cburehes Homelessne&s cOnniSSiOn. The rst 'companions' (residents) were admitted to its Community at Binley in April 1993. Et was Iliett part of Enllknaus UK. It is now registered as an independent charitable company liiniled by guardnlee, set up by a Memorandum of Associaliotl on 18 September 1997. It is also one of iwenty eight Emmaus Communities in the UK and is a meniber of tbe Emmaus UK Fedei'ation and of the Ei}uS International moveiiient. Th¢ principal objects of the Charity are: l. To provide accommodation for horne1 people: 2. To offer education, li'aining and woi-k opportunities for Ihe benefjciaries of the cbai'ity to cnable them to gain employnient in the Ojtrjre aiid thereby develop a sense ot sclt-worth and dignity, 3. To suppoi'l the work of other Emmaus Cominunitiu and Groups whether in the UK or elsewheir in the world. Its prin)ary objective is the development ol a fully self-supporling Conimunity providing accomiiiodalion and meaiiingful woi'k for previously homeless and other socially disadvanlaged people in & suppoi'live, coiiunuNity envii'onmcnt. Oil adn)ission lo the Conmlunity. companions relinquish all welfare benefits. However, the Community is still dependeiit on 11)e receipt of liousing benefit lo wl)icli the Companions, like Inany oll)er people in work, are entitled. Tl)¢ Cliarity's loDg-t¢rm aim is lo become dependent on no ollier source of revenue-fvnding Ilwn its business aclivities and lo make a sufficient surplus lo contribute lo a range of Solidarity activities. Emrnaus Mlsslon The Einmaus Movement iii Ilic UK works wilh formerly homeless and oil)cr socially excluded people so that togeth. we can gain ¢on¢i'ol of oui. lives, discovei. a sense of comrnoii purpose and lielp otl?ers in need. Emm#us Values o Value and respect every person, opposing itsju8tice o Be transparent and lionest in all our dealings o Demonstrate Solidarity and support for those in need o Create an environment of enipowermeiit 0 51iare and excliange resources, skills and Icarning o Suppoi't and foslei. iiiterdependence and clierish independence o Work to live and give Page I
EMMAUS COVENTRY AND WARWICKSHIRE REPORT OF THE TRUSTELS for the yellr ended 30 June 2024 STRATEGIC REPORT Aehlevement And performance Charltable activltles Thc Trustees have bad Tegard to tbe Charity Commission's guidancc oll public bcncfit in detei]nining tbc activities canied out by the Chai'ity. Andrew Stockdalc has continued as Chair. Jult4n Price resigned as Cknef Executive Officer in MarGlI 2024 and Falishia Channer took on a new role as Community Leader. The BoATd has contillucd to n]ect iii person every two inonths at the Old Vicarage. In 2023 - 2024. 28 Companions have been resident ill our community. We 16 iDoms avaifiable for Companions and one solidarity room and an occupancy level of 82 % in the Old Vicarage and Stables buildings, The average occupancy has fluctuated slightly Il)roughout the year, largely due to external move on. We have helped 6 companions move on ill a planned way iiito Iheii. owll tenanci&s or returnillg to live with family and gaining employmcni. During 2023-2024 we have continued to ensure the Old Vicarage is a safe and comfortable place to live. Tlle HMO inspcction in July 2023 wa8 "pleased with the overall slandw'd of the properties" Independent Health and Safety Audits and Fire Risk Asse&smeThls have been conipleled at]d some fu'e doors i'eplaccd as a ¢olls¢quellce. All recommended actions Ive beett completed. The loft insulatioll in 'l'he Stables and Old Vicarage bas been increased to a conlcmporary standard and the windows in the Stables i'eplaced with UPVC double gla2ed units. Tbis work was supported by a gt'ant Enuijaus F.nviiollmelllal Fund. Carpels have been replaced in Ibe public areas and we have continued with a pi.0.8nmie of decoration. The companions share the facilities in the Old Vicarage ai]d Stables. aiid it 18 inipoi'lant to niake the space a comfortable and attractive environnient. Thig financial yeai. was our best yeai. for sales and conlinues a trend for growth froni the pi'evious financial yeai., Th lease of our Red Lane Sioir provides companions the opportunity lo develop ski118. fuither their per.sonal gr0h and the chance to be parl of the wider Covenliy community. Our Warehouse al Bodmin Rood allows .¢8¢¢1. space for larger items of stock as well as providing a secure area to park our fleel overnight. Plans are in place to launch the openiiig of these pren)ise5 to the public to increase sales and develop upcycling Our Bulky Waste Service for Coventry City Council and Noilh Warwickshire Council Continues to thi'ive willi our Aim of developing more use fi'om the collection until 2027. An increase in income froin the contract lius led lo an inciease in vehiLles and drivers and fjJrth¢r in)pi'oves the opportunities for companions and volunteers Il)rough upcycling, dev¢lopin8 qualifications and identifying additional skills. Solid&rity remaiiis an important principle in Emmaus and helping ollKIE in i)eed is an imporlaiit pai't of our woi'k and lielps the i'el)abililation of our Companions. Tlie solidarity work wiiliin our community has increased with tlle Red Lane Store, in collaboration willi North Waiwicksllii'e Council PToviding free fvrniture and vital fijnding to the liomeless and poverty-sli'ieken households. Tlic deliveries to local foodbanks continue with our vans dislribuling food from a large retailer. We Iva developed our volunteer pool and now hav¢ 5 volunteers supporting oui. services across the organisation and our delivei'ies to foodbanks at Ilie w¢ek¢nd. ReSli181nS the cliallenges of rutuiing A siiiall cliarity and acknowledging tlie proxtrnity of tlie adjacent Enmlaus colnunIty serving Leicester and Rutland, following a meeting of botl) Boards, diie diligence was coinpleted willi a vi¢w to inei'8ing tlic two organisations. Unfortunately. Ilic Board concluded thal tlie proposed inergei. would likely result in fewer cornpanions being helped and conceims were expressed about tlie resulting fLllp4ncial situation. Tl was unanimou%ly agi'eed that merger was not in Ilie best interests of ECW at tliis time, but tliat we would seek to incrcase collaboration witll ELR and continue witb OLW efforts lo expand the commutiity. Tlie Iruslees reinain focused on our plan to build accommodation for an additional l O companions on our vacant land and Richard Hammond of Walker Cotler lias been appointed as project manager and Matiliew Ada18 of DJD Gi'oup as our ai'chilect. A t0p0.apI]1caj survey has been coinpleled aiid plans are well advaiiced to submit a pKe-applic&tion to Covenli'y City Council in anticipation of a fonnal planning application. Page 2
EMMAUS COVENTRY AND WARWICKSHIRE REPORT OF THE TRUSTEES for the year ellded 30 Julle 2024 STRATEGIC REPORT Flnanelal revlew Reserves pollcy The Board has achieved free unrestricted reserves, being the totV41 unrestricted Tes¢rves less the balance sheet value of unresh'icted fued assets, to a level that is equivalent lo at least six months of unrestticted expendituir. Based on th¢ 2024 accoullls. the target for uniEstricted rescrves is 6 months iDcomc. Thc frcc reserves as on 30 June 2024 amounted to £685,404. Tbc Board will ensui'e that the excess of free reserves over the target level is coiisidered in budget plannillg iii futui'e periods lo enable the charitable conipany to maintain stable reseives. The BO.d has made a con]mitmeiit to alloc&le such ndS lo the Comtnunity Expansion and Refurbishment Futid It is proposed that tbis will be used to bllow the chlty to develop additional accommodation on the Old Vicarage gite. tbereby increasillg the numbers of companions that we are able to help. Future plans The B0'd'S Busiiiess Plan conlains the following Strategic Objectives: Objective I: EnmaUS Cov¢nty and Warwi¢kshir¢ is operating a range of social enterpiises in ordei. to Provide financial sustairjability. Objective 2: Emmaus Coveiitry and Wanvickshire is working with companions to realise Iheii. aspirations and potejjlial, Objcctive 3: Emrna8 Coventry and Wan¥ickshire is deiiionsts'ating organisational S$talablIIty alld etliical practic¢, Objective 4: Emmaus CoveThtry and WaTwickshire is demnstraling collaboralioii within the redation and woi'ks with other nMunitieS for mutual benefit. Objective 5: Emtnaus Coventry and WArwickshire is an active contributor and influence in the national and intei'national moveii)ent' Objective 6.. Emmaus Coventry and Warwickshire is increasing the number of companion rooms and is providing non-residential opportunities,. Objective 7.. Emm&u,8 Coventry and Wanvickshire is a well-known and respected organisalion (hat is using ils voice to address the causes and Consequenc of homelessness and social exclusion. In pursuit of Ihe8c objectivcs ECW 18.. o Working with partners 10 increase sto¢k pmvided to the shop for sale. o Developing our online sales platforms; o Providing access to a suite of training foi. companions self-developn)ent; o Pioviding access to inlci'iial and external support identified duriiig Ilie year for companioiis; o Exploring Ilie expansion and development of oui. community buildiiiglsite to accoiiirnodate an increased nuii)bei' of companions; o Maximising our rccycling and Ir-use opportuntties. o Actively participating in tlie f¢d¢i'alion slrncturc of peer groups and supporting Emmaus Europe delega*. o In¢i'easing our media profile in Coventy & Warwicksliire. STRUCTURE GOVERNANCE AND MANAGEMENT Goveniing dueument Tlie cliarity is conts'olled by ils governing d0cunnt. a deed of Itwst, and constithtcs a liniited Company. limited by guai'antee. a5 defined by Ilie Conipanies Act 2006. Reciwitinent And Appolntment of Mew trustees Tlie ii)anagement of the Cliarity IS tlie responsibtlity of the Tru$iees who are elected and co-opted under tlie teYin8 of the Ai'ticles of Association. The current Trustees Are listed below. The Board lias an agreed policy and piY)cedui'e foi. recruitment and a fornial induction procedui'e for new Trustees. This i5 reviewed on an annual basis to ensure tliat tlie Board remains conipliant with current legislation and best pi'aclice. A role des¢riptioft and persoii specification foi. Trn31ees has been drawn up, and all Tte¢S sign a code of wnduct. Trustee tralnlng and development New tivstees lake advanlage of the En]nuS UK Induction Days which help Ikvelop an underslaijding of the wliole Emmaus Moveinent, its ethos and piinclples, and how th&se tra91te into reality for Communities and Groups ai'ound the woi'ld fighting to combat l)omelessness and other forn of social exclusion, poverty and injustice. Feedback has always been veiy positive. Some Ineiiibers of the Boai'd have made a point of joining with Ilie Coi))Jnunity for meals and oil)ei' social activities. Page 3
EMMAUS COVENfRY AND wARCKsH[RE REPORT OF THE TRUSTEES for the year ended 30 June 2024 RKFERENCE AND ADfvIINISTRATIVE DETAILS Reglstered Coinpany nulllber 03423090 (England and Wales) Reglstered Charlty nurnber 1064474 Reglstered office The Old Vicai'age Bi'inklow Road Binley Coventty West Midlands C'V3 2DT Tru8t¢os Dh11 Vagdia (re¢ii'ed 25.6.2024) Andrew Stockdale an Frost Ale%sandi'o Mei'eudlllo Alan Pats'ick Faulkncr Ashley J4yn¢ Latham Catherine Arn)strong Company Secr¢tai'y Sarah Lilian Coo Indepeiident Exainliier HaiTi501) Bcal¢ & Owen Limited Chii'tered Accountants Highdown Hous¢ I l Higlidown Road Leamington Spa Warwickshire CV31 IXT Report of the tiustees incor oi'aling a Slralegic report, approved by order of the board of ttijstecs, as the company dii'ectors, on .&0.... and signed on the l)oard's behalf by.. Andi'ew Stockdale- Trustee Page 4
INDKPEIYDETrrr EXAMIliER'S REPORT TO THE TRUSTEES OF EMMAUS COVEIffliY AND WARWICKSHIRE Independ¢nt exathey's report to the trustees of Emnuus Covetttry Alld Wai'ivlckshlre ('the Company,) I rcport to the charity tste¢S on my exanjination of the accounts of the Company for the year ended 30 June 2024. Responslbilltles alld basls of report As the charity's tSte¢S of the Conjpally (alld akn its directors for the purposes of company law) you are respojjsible for the preparation of tlie accounts in accordance with the requiremeiits of the Coinpanies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of tbe Company are not rcquircd to be audited undei. Part 16 of the 2006 Act and al'e eligible for independent examination, I report in respect of Y examitialion of your charitys accounts as can'ied out under Sectioii 145 of the Charities Act 2011 Cthe 2011 Ace). In carying out my exatnination I have followed the Directions 8iv¢n by the Charity ComiDission under Section 145(5) (b) of the 2011 Act. Independent exa]nlnei s statement Since your ch'ity'S gross inconje exceeded £250.000 your examiner must be a member of a iisled body. I can confirm that I am Qualified to undettske the exaininalion because I am a men]ber of the Instithte of Chartered Accoutttahts in England and Wales, which is one of the listed bodies. I have ¢omplet¢d my exaniinalion. I confimi that no matters have come to my attention in connection with the exaininatioii giving me cause to believe: accounting I'ecords were not kept in respect of tbe Company as required by Section 386 of the 2006 Act. or tlie accounlg do not accord with those records. oi. the arxounLs do not coniply with the accounling requiremenls of Section 396 of the 2006 Act othei. Ihan any requii'emenl that the accounts give a true and fair view which 13 no¢ a mattel. considered as parl of an independei)t examination; or the accounts have not been prepared in accordance with the methods and principles of the Stateinent of Recomniended Pi'aetice for accounting and reporting by cliarilics (applicable to charities i)rtparing Iheir accounts in accordance witli thc Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and liavc Comc across no otlier matters in connection with the examination to wliicl) alleiltion sliould be drawn in Iliis report in order to enable a proper undersianding of1Sie ac¢ounls to be reached. Greg8 Olner MPhil BA (Hons) FCA Hari'ison Beale & Owen Liinited Cli&rtered Accountanls Higl)down Flouse I l Higlidown Road Leaminglon Spa Wanvicksliire CV31 IXT Date: ............................................. Page 5
EMMAUS COVENTRY AND WARWICKSHIRE STATEMENT OF FINANCIAL ACTIvrrIES for the year ended 30 June 2024 2024 Total funds 2023 Total UDrestrÈcted funds Restricted funds Notes 114COME AND ENDOWMENTS FROM Donations and legacies 23,592 2.500 26,092 47.376 Cbarltable activlties Provision of accommodation and enwloytnent for thc poor and homelcss 107.722 107,722 107,795 Other trading activities Investnient incutne Other income 563,555 7,767 lJ94 S63,555 7,767 1,394 547,489 3,143 I,960 Total 704.O30 2,500 706,530 707.763 EXPTr'NDI'fuRE ON Raising fiinds 353,167 353,167 244,763 Cliarltable actlvltles Provision of accominodulion and employment for 11)e poor and Iiom¢less 356,099 5,245 361,344 407,433 Total 709,266 5,245 714,511 652,196 NET tNCOMEI(EXPENDITURE) (5,236) (2,74S> (7,981) 55,567 RECONCILIATION OF FUNDS Total thiids brouglit forward 690,040 5,245 695,885 640,318 TOTAL FUNDS CARRIED FORWARD 685.404 2,SOO 687,904 695,885 The noles form parl of th&8e fi18[ statements Page 6
EMMAUS COVEKfRY AIYD WARWICKSHtRE BALANCE SHEET 30 June 2024 2024 Total funds 2023 Total funds Un[triCted funds Restricted Notes ritXED ASSETS Tangible assets 13 176,020 176,020 184,357 CURRENT ASSETS Stocks Debior8 Cash at bank and in hand 14 15 19,800 ¥6,461 444,899 19,800 86,461 447J99 19.800 95,127 437,103 2,500 551,160 1500 553,660 552,030 CIiLDITORS Amounts falling due within one y¢ar 16 (41,776) (41,776) (40.502) NET CURRENT ASSETS $09,384 200 511,884 511,528 TOTAL ASSETS LESS CURRENT LIABILITTCIS 685,404 2,SOO 687,904 695,885 NET ASSETS 085,404 2,500 687,904 695.885 FUNDS Unresti'icled nds Resli'icted ndS 17 685,404 2,500 690,640 5,245 TOTAL FUNDS 687,904 695,885 Tl)e charitable company is entitled to exemption fmin audit under Section 477 of the CompaThies Act 2006 for the yeai. ended JO June 2024. Tl)c iiien)bers liave not reqiiired ihe company lo obtain an audil of ils financial 8È2teAy)enls for the yeai. elided 30 June 2024 in accordance with Section 476 of the Coinpanies Act 2006. Tlie trustees acknowledge their responsibililies for (a) cnquring Iliat Ilie cliai'itable coinpY¢ny keeps accounting records tliat coinply with Sections 386 and 387 of the Coinpanies Act 2006 and i)reparing fjnanciul stalcments which give a In and fair view of t1 s£ale of aff8irs of Ilie clritable coiiipany a8 at tl)e end of cacl) financial year and of ils surplus or deficit for cacli financial year in accordancc with the requii'einenls of Scclions 394 and 395 and wliicli otlicrwise coinply wiib the requircmenls of tlie Companies Act 2006 i¢lating lo financial slateinents. so far as applicablc to tlle chaiitable conjpaiiy. (b) The fin ncial state1entS were approved by the Board of Tr$tec3 and authorised for issuc ..2£?.2.>... and We signed on its b¢half by.. on Anth'ew Stockdale - Trnste¢ Tbe notes forn] part of these funCIal stjtements Page 7
EMlkiAUS COVENTRY AND WARWICKSHIR CASH FLOW STATEMENT for the year ended 30 Julle 2024 2024 2023 Notes C2s1i floivs from operAtinE activldes Cash generated from opei'alions 19,024 41.590 Net cash piovided by operating activities 19,024 41.590 CA811 nows from Investing actlvltles Purchase of tangible fixed assets Sale of tangible fixed as5¢ts Intci'est received (18,829) 2,334 7,767 (20,834) 3.143 Nct cash uscd in iuvuting a¢tiviti¢s (8,728) (17,691) Change in c45h gnd ca811 ¢qulvMlents lil tlie i'epoi'ting period C*811 and cash equlvalents at the beginning of the reportlng perlod 10,290 23,899 437,103 413,204 Cash and cash equlvalents at the end of the i'eportlng period 447J99 437,103 The llotes forni part of these fjnaiicial statements Page 8
MMAUS COVENTRY AND WARWICKSHIRE NOTKS TO THE CASH FLOW STATEMENr for the year ended 30 June 2024 RF,CONCILIATION OF NET {EXPENDITURE}IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITILS 2024 2023 Net (expendlture)Ilncome foy tbt reportlng peh4od (as per the Statement of FAnanclal Aetlvltles) Adjustments (or; Depreciation cbarges Loss on disposul of fixed assets Interest i'eceived DeGrease in stocks Decrease/{inci'ease) in debtors {D¢crcasc)linLiras¢ in ¢r¢ditors (7,981) 55,567 21,444 3,388 (7,767) 20.418 (3, l43) 5.502 (42,190) 5.436 16,226 (6,286) Net cash provlded by operatlons 19,024 41.590 ANALYSIS OF CHANGES IN NET FUNDS At1.7.23 Cash flow At 30.6.24 Net ca%h Casli ai bank and in hand 437,103 10,296 447,399 437,103 10,296 447,399 Total 437,103 10,296 447J99 The notes fom) part of these financial Statellnts Page 9
EMMAUS COVENTRY AIYD WARWICKSHIRE NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2024 ACCOUNTING POLICIES Basls of prepariiig the financial statements The fm8nGial slatcmellts of the cbarit&ble company. which is a public bcncfit cntity under FRS 102, have bee prepared in accordance with the Clwities SORP (FRS 102) 'Accouiiting and Reporting by Cha]'ities: Statement of Recommended Practice applicable to charities preparllig Iheii. 8ccouDts ill accordance with the Finaiicial Reportillg Standard applicable in the UK aud Republic of Ireland (FRS 102) (effective l January 2019),. Financial Repoiting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelalld, and the Compalli&8 Act 2006. The fulICAl statements have beet) prepaird uiider the histoi'ical cost convetttion. Income All income is recognised in the StalenKnt of Financial Activities ollce the charity has eiititlement to the funds. it is probable that the income will bc received and the aD]OUnt can bc nJeasur¢d irli8bly. Goveriiment gi'Ants Goverrtment grants in the forni of the Coronaviru5 Job Releiition SchenK have been recognised in iticoilling resources over the sain¢ pertod as the slaff costs for which it con)pensatcs. Expendlture Liabilities are recognised as expenditure as soon as there is a legal oi. conslruclive obli8alion con)milting the charity to that expendituie, it is probable tlial a transfer of economic benefits will be i'equired in settlement and the ainount of tbe obligation can be nieasLwed i'eliably. Exp¢nditurc is a¢¢ount¢d foi. on an accruals basis and bas been classified under headings Ihal aggregate all cost irlated lo the category. Where wsls cannot be directly attributed to pai'licular headings they have been allocated to activities on a basi8 consistent with the usc of resoui'ces, Tanglble fixed Asse¢s Depit¢iation is provided at the following anllual rates in order to write off each asset over ils esliinated useful life. Fi'eehold pi'operty Plant ai)d ii)achinery Computer equipinen¢ 2011/0 on cost, l Ots/• on cost and 2Yo ori Cost 2511/0 on ¢ost. 200/0 on cost and I on cost 25 /0 on cost Stocks Stocks al'e valued at the lower of Cost aNI net realisable value, after making due allowaiKe for obsolete and slow moving il¢ms. T#xatlon The chai'ity is exeiiipt from corporation tax on its charitable activities. Fund accountlng General funds are unrestrieled funds that are available for use al the discielion of the Ituslecs in rtheranc¢ of the general objectives of the charity and which have not becn designated for other purpos. Designated filnds are unrestricted funds Ihal have been set aside lor a parlicular purpose. Restricted funds can only be used for particular restricted purposes within the objects of the cl)arity. Ilests'ictiotts arise wlien specified by tl)e donoi. or when filndg are raised for particular restricted purposes. Further explanation of the nature and purpose of eacli fund is included in ihe notes to the financial statenients. Hire purchase and leY451ng comrnitllnt Rentals paid under operating leases aTe charged to the Statement of Financial Activities on a straight line basis ovei. the period of the lease. Page 10 continued...
EMMAUS COVENTRY AIYD WARWtCKSHIRE NOTES TO THE FINANCIAL STATEMENTS- conth)v¢d for the year ended 30 June 2024 ACCOUNTING POLICIFS - contlnued Pension costs aDd other post-retlrement benet]t5 The chaTitable company opcratcs a deflljed contribution pension scheme. Contributions payable to the charitable company's pension scheme are clwged to thc Stalcment of Fitiallcial Activities in rhe pei'iod to wl)ich tbey relate. Coinpany status Thc Charity is a company limited by guarantee. The nKmbers of the Charity are the Trustee5 named iti the natTalive above. lil the event of the Charity being WOUDd up, tbe liability in rcspecc of the guarantee is liinited to £1 per member of the Ckwity. DONATIONS AND LEGACILS 2024 2023 Donations Grants 17,945 8,147 20,126 27.250 26,092 47.376 Gi'ants received, included in the alm) are as follows: 2024 2023 BintDaus UK coinpanion grnnls CRASH grants Rynoi. grants 8,147 10,506 10,194 6,550 8,147 27,250 OTHER TRADtNG AcfiviTIFS 2024 2023 Shop income Covcnlry bLilky waste GiftAid Norll) Warwickshire bulky waste 192,061 312,196 323 58,975 238.599 257,798 1,214 49,878 563,555 547,489 INVESTMENT INCOME 2024 2023 Deposit account interest 7,767 3,143 Pagell continued..
EMMAUS COVENTRY AND WARWICKSHIRE NOTES TO THE FINANCIAL STATEMENTS - coiitinued for the year ended 30 June 2024 INCOME FROM CHARITABLE AcfiviTILS 2024 2023 Activity Provision of accommodation cmploytneDt for th¢ poor and hole&S Accommodation xncon 107,722 107,795 RAISING FUNDS Other tradlng actlvltles 2024 2023 St&ff costs Other opcrating leases Teleplione Advcrlising Vel)icl¢ leasing Vcl)icle e1 V¢liiclc r¢pAirs Veliicle insurance Repairs and maintenance Clothin Utilities Ci'edil card charges Cash discrepancies Service delivery Depreciation L08s on sale of assets 139,241 75,982 11,D46 iio 26,789 17,315 15,960 1 S,089 13,0113 8,326 13,270 1,558 81 100,124 51,438 4.957 667 3,539 18.048 12,129 11,016 16,917 3.483 3,673 2,144 2,760 13,867 15,009 3,388 353,167 244,763 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Tota18 Pi'ovigion of accoi)unodalion and employment for tlie pool. and homeless 116,363 244,981 361,344 Page 12 continued...
EMMAUS COVENTRY AND WARWICKSHIRE NOTES TO THE FINANCIAL STATEMENTS - eontlnued for the year ended 30 June 2024 SUPPORT COSTS Governance costs Management Totals Provision of a¢comnd&tton alld employmellt for the poor and homele&s 230,881 14,100 244,981 TrIET INCOMEI(KXPENDJTURE) Net incomel(expeiiditure) is slated after chargili(creditIllg): 2024 2023 Depi'eciation - owned assets Olhcr opcrating Icascs Deficit on disposal of fixed assets 21,444 75,982 3,388 20.418 51,438 io. TRUSTEESI REMUNERATION AND BENEFITS There welt no trnstees, ren)uneratioD or other benefits for the ye&r ended 30 Junc 2024 nor for the year ended 30 June 2023. Ti'ustec5' expenses There wei'e no trns*es' expew paid foi. the year ended 30 June 2024 t)or for the year ended 30 Junc 2023. STAFF COSTS 2024 2023 Wages and 8alaries Social security costs Other pensfion uosls 299,692 19,201 8,4S7 311.460 19,386 8,699 327,350 339,545 The avege monthly nujnber of employees diirin8 the yeat was as follows: 21)24 li 2023 io Employcc8 No employees received emoluinents in excess of £60,000. Page 13 continued...
EMMAUS COVENTRY AND WARWICKSHIRE NOTKS TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2024 12. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fid$ Total fijiids INCOME AND ENDOWMENTS FROM Donations and legacies 26.677 20,699 47,376 CIIArltAble attlvltles Pi'ovision of accommodatiott and employnKnt for the poor and homeless 107,795 107,795 Other trading activities Investnient income Other income 547.489 3,143 1,960 547,489 3,143 1,960 Total 687,064 20,699 707,763 EXPF,NDITURE ON Raisii)g fwKIs 243,720 1,043 244,763 CIIArltable actlvltles Provision of 4ccommod8lion and etr4)loyrnenl foi. the pooy and homeless 407,433 407,433 TolAI 651,153 1,043 652,196 NET INCOME TrAnsfers between funds 35,911 93,152 19,656 (93,152) 55,567 Net movement In funds 129,063 (73,496) 55,567 RECONCILIATION OF FUNDS Total fiiiids bi'ought fonvard 561,577 78,74 I 640,318 TOTAL FUTrIDS CARRIED FORWARD 690,640 5,245 695,885 Page 14 continued...
EMMAUS COVENTRY AND WARWICKSHIRE NOTES TO THE FINANCIAL STATEMENTS - condnued for the year ended 30 Julle 2024 13. TANGIBIE FIXED ASSETS Freehold property Plant and macbinery Motor vcbicles Computer equipment Totals COST At l July 2023 Additions Disposals 308,986 34,347 102,467 18,829 (27,004) 9,722 455,S22 18,829 (27,004) At 30 June 2024 30&986 34,347 94,292 9,722 447,347 DEPRECtATION At l July 2023 Chai'ge for year Bliniinaled on disposal 177,396 6,021 34J47 50,83J IS,009 (21,282) 8,591 414 271,165 21.444 (21,282) At 30 June 2024 183,417 34J47 44,5S8 9,005 271J27 NET BOOK VALUE At 30 June 2024 125,569 49,734 717 176,020 At 30 June 2023 131,590 51,636 ,131 184,357 14. STOCKS 2024 2023 Stocks 19,800 19,800 Is. DEBTORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 2024 2023 Ti'ade debioi's Oihei. debtors VAT 38,245 15,536 4,879 27,801 41,325 16,964 15,424 21,414 Piepayments and accrued incoine 86,461 95,127 Pag¢ L5 continued...
EMMAUS COVENTRY AND WARWICKSHIR NOTES TO THE Fll¥ANCIAL STATEMENTS- coiillDued for the year ended 30 Jun¢ 2024 16. CREDrfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Net wag¢s Acciued expenses 7,908 3,363 9,872 11.870 5,767 9,862 (200) 13,203 20,633 41,776 40.502 17. MOVEMENT IN FUNDS Net ii)oveinent in fimds At 30.6.24 At 1.7.23 Unresti'lcled funds G¢n¢ral lund Old ViLarage - RefLwbislllnent and Developinent Flind 331.168 {5,236) 325,932 359,472 359,472 690,640 (5.236) 685,404 Restrleted funds Repaii's Coinpaniun Fund Pool rar 5,000 24S (s,000) {24S) 2,500 2,500 5,245 (2,745) 2,500 TOTAL FUNDS 695,885 {7,981) 687,904 N¢1 inovement in funds, included in t1 above are as follows.. Incomiijg resoiirces Resources cxpended Moveinen¢ in funds Unre5trlcted funds General rtd 704,030 {709,266) (5,236) Resti'lcted funds Repairs Coinpanion Fund Pool car (s,000) (245) (s,000) (245) 2,5011 2,500 2,500 (5,245) {2,745) TOTAL FUNDS 706530 {714,511) (7,981) Page 16 continued...
EMMAUS COVENTRY AND WARWICKSHtRE NOTES TO THE FINANCIAL STATEMENTS - contlnued for the year ended 30 JuThe 2024 17. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In fund Net movement in fid8 Transfers betweell fimds At 30.6.23 At 1.7.22 UMr¢$trlcted (undm General fund Old Vicarage - Rcfurbishment and Developillent Fulld 202,105 35,911 93,152 331,168 359,472 359,472 561,577 35,911 93.152 690.640 Resti'lcted fuDd$ Repairs Compatiion Fund Decorating National Lottery Coventy City COW11 - Business Expansion 15.195 5,504 (1.043) (10,195) (33,740) 5,000 245 28,481 1,043 44,117 5,100 (44.117) (5,100) 78,741 19,656 (93,152) 5,245 TOTAL FUNDS 640,318 55,567 695,885 Comparative nel movement in funds, included in the above are as follows: Incoming resources Resources expended Moven)ent in ndS Unre5ti'lcted fund5 General fijnd 687.064 (651.153) 35.911 Restrfcted funds Repaii'8 Companion Fund De¢orating 15,195 5.504 15,195 5.504 (1,043) (1,043) 20,699 (1,043) 19,656 TOTAL FUNDS 707.763 (652,196) 55,567 Page 17 continued,..
mIAus COVE]YfRY AND WARWICKSHERE NOTES TO THE FINANCIAL sfATEMENTS- continued for the yeydr ended 30 June 2024 17. mOvEMT IN FUNDS- eolltlnued A CWTent year 12 months and PTior year 12 monilks combined position is as follows: Net movement in funds Ttansfers between fund5 At 30.6.24 At 1.7.22 Uiire$trlct¢d fullds General fund Old VicaKdge - Refiwbishment and Developinent Fund 202,105 30,675 93,152 325.932 359,472 359,472 561,577 30,675 93,152 685,404 Restrleted funds Repairs Companion Fund Decorating National Lottery Coventy City Council - Business Bxpansion Pool ¢ar 10.195 5,259 {1,043) (10.195) (33,740) 28,481 1,043 44,117 5.1(M) (44,117) (5,100) 2,5(K) 2,500 78,741 16,911 (93,152) 2,500 TOTAL FUNDS 640,318 47,586 687.904 A Current year 12 months and prior year 12 moilths con)bined net movement in fimds, included i)) the above aye as follows.. Tncon)in8 resources Resources expended m0vennt in funds Unrestrlcted funds General fund 1,391,094 (1,360,419) 30.675 Restrlcted funds Repairs Companion Fund Decorating Pool car 15,195 5,504 (5,000) (245) (1,043) 10,195 5,259 (1,043) 2,500 2,500 23,199 (6,288) 16,911 TOTAL FUNDS ,414,293 (1,366,707) 47,586 The General Reserve repi'esents the free fvnds of the Cliarity wliicli are not designated for specifie funds. However. the Cl)arity considers dial the value of its fixed assets do not represent free funds williin the General Fuiid. Tlie Old Vicarage Refirbislimenl and Developnient Fulld has been designated by the Trustees to fund the refvrbi8hment and redevelopment of the Old Vicarage prnIseS. Tlie Repairs Fund lias been provided by George Wimp¢y to filnd the replacement and maintenance of tl)e central healing system and repair of windows at The Old Vicarage. The Companion Fund has been provided for Irdining and donations for companion activities. Page 18 eontinued...
EMMAUS COVENTRY AND WARWICKSHtRE NOTES TO THE FINANCVL STATEMENTS - contlnued for Ihe year ended 30 June 2024 17. MOVEMENT IN FUNDS- continued The National Lottery Fund p* thDdcd tbc pwcbasc of the free[Id pmpety at the Old Vicarage and is chargcd aw]ually with the depreciation cbarge tbe original value of the grant. Th¢ Cov¢ntry City Council Business Expansion fund is to be used to aid ID further income geneTation. 18. RELATED PARTY DISCLOSURLS There were no Telaled party transactions for the year ended 30 June 2024. Page 19