EIIIMAUS OXFORD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST, 2021 Company No. 3422350 Chqrity 1066618
OXFORD Th¢tru5tees preserttih¢irr¢port and thefinttllcial stats ofthe tharity forthe year 31 2021. Truitees. Report Auditors. Report Ststernent of Finpnciai Activities Balance Sheet C&sh Flow Statemeot Note9 to theFinancial Statements Additiojal Inforn)atiorn pagelto5 page 6t09 page 10 page 11 page 12 and 13 page 14 to 21 page 22 R¢feren¢• and Admlnljtratlve detsllj The cbarity ie8istration number is 1006618 and th¢ company registration number 1$ 3422350. Th¢ ¢<1p&nY is Tegistexed in England R¢$Ted0ffi¢ 171 Oxford Road Cowley Oxford OX4 2ES TruJieésofEniim7ys (¥ord ThetruKees who durin8 theyear. 8lld the datss ofAny appoinlmentsand resiwions duringthe fftr. werÈAs follows.. JHCrisp MHallam C.Macfar14n¢ B. Moloney P.MoTgaIi A Mor8an-Gile5 O Paine N Rose (4PPOin¢ed 9th December 2tr20) (appoinied 2151 July2021) (Tasied 14th Odober2021) (resied 17th Septemiw 2tr20) Bankers &prqfrssionaladvi8ers BlayS BattkPLC PO Box 333 Orford OXI 3HS Auditois Criichleys Audit LLP Beaver Hollse 23-38 Hhe Bridge Stre4t OthFd OXI 2EP
Strnctur& Govexnanee and anageme The orgartisation is a charitsble company linjited by 8uaraDte4 inCoor1ted on 20 AugusL 1997. 8nd registered as a dwiry. The company ittcorporated under a Memorandum of Association which establisbed th¢ obj¢¢ts and trfjwers of the charitsble cOmky. and is governed wider its Articles of knociation which w¢r¢ la5¢ allL¢nd¢d on 1st July 2012. The chartty is administered by the tnrn with day40.day n]an#gernettt rwotssibility dele8atwJ to tbe Gwleral Fthager. Edmwd BI. Tha orsanisation rlts new tru5ts4s from 4 ¢ombin8tion of na¢ionai advertisin8 through tbe Etnmaus UK and personal Te£0MttI0n. The tee5 knve mMitted themselves to WL open and Inclusive engagement policy and all truste& are recrnited and retwned on the basis of the needs of the 0[gatiOn aud an objecttve assessment of the skills r¢quir¢d. This as8ment is cattied out Annuolly. and is compared with a review ofthe skills and eompeteftcies of thetDJStees. Resource shortfall$ are #ddressed by the re¢tuitment of further tnste¢s 4ttd s¢l¢thiv¢ training provtded w txistin8 tswtees. RiskMaIge¢nl The trustees have carried out a detsiled r¢view of the charl$ adiviti¢5 •nd w?du¢¢d 4 eJ)mwthn5iv¢ strategiGplan settiD8 Out the major opportunities available to the charity and the risks to which it is exposed. The trustoe5 inlend to monitor pro8re55 BnDU211y •8#1tthe atrnte8ic objectives sat out in the pl4Tr L8 part of their review. the tnjst ha impl¢n)¢nted a risk Mgement strate8y which comprises.. a continuous revicwof the risks which the drity may fa¢. eytsblishin8 systems procedures to mill10th0$e risks identified in the plan; and th¢ implem¢ntation of procedures desi8fLed to minimis(t any polcntial imct on the clwitysknuld afty of ih05e risks Ma1&11 Tho principal financial risks to the orBanisotion remain its d¢p¢Dderw¢ on its two main inC4)me streams. which ¢tinue to bc supplemented by Benerous donations from supporters. Tho second-hand fvrnlre stor¢ is expected ¢0 In¢5¢ ts¥din8 revU¢ substantially over the next feWYe particularly throu8h on-line sales. The or8anisation'$ long-terni viability depS on this being achieved. The other main iti¢0n strewD is the Companions, housing benefit wbich wryIl b¢ subject to review u part of the 8overnmeni's ongoing welfare reforn Tho trnstees Ar Awre of thoir respon8ibililies io ensure compliance vnth all statutory legis]ion and the main areas 1MId¢r1 ar# a8 follows.. Charity law Company law TTUStees' Act Data Protection Act & GDPR Disability Discrimiation A Employment and Nation41 Minimuoj Ww la Working Time Regulations Huxnan Rights Act Race ielations He41th & Safety Office, Shops and Railway Premises A¢t Compliance with tsxation regulatio relating to employees and donors
Objectives of EmJn#Ng Oxford The charit)ts objects arethe alleviation of povetyand hardship. artd dsstr¢ss arisingtherefrom. for those in need. without distinction. The principal aim of the organisation is to PTOVLde accommodation. support and work activity for homeless perso and to achteve the fittaneial sustainability necessary to Unde1 this by increasing trading revenues and tradingsurpluse5 to support this Emm&us Community in Oxford. The charity has also received muth-needed donations io 5UPPOrt of the Communtty. Continuing contribulions in the fomi of housins benefit and donations will be Tequired in addition to the tr4ding Ir0[£ Aehievements & Performance Ernmaus Oxford is continuing to develop the Conununity and to establish it on a sound b&4is for the future. There is generally a fi1 Mplement of CotnpanioDs and more homelegs people will be reeruited as And ivhen there are vacancies. The Charity has established 169 Oxford Road &% attansitional facility for those Companions who are seekxng to'move on, in th¢ near futttre. brinEing the total number of Companions that C4n be accommodated to 28. Emmall5 Oxford is also continuing to develop thè second1Id furniture retail conc¢pL and other social eterIse aclivitie5. YS i tneans whereby Companions ¢an work and at the same time generdte funds to finance the on-gosng opetations of the Community. se1 of secondhand furnitu and othergood5 continue to Brow as a Te5uIt of the donations from individuals and organisations The extensive se¢ottdhalld fumiture 5torq sited c]osoto the Community, opened fortrading on 14th May2016. Thxs long4waited facility w&s the most Si8ttifieant event since the opening of the Comtnullity building in 2009. As part of the financial arrangements for the building at)d fLttirt8 Out of the newstore the charity w&s rwuired to make substantial capital cijntiibution to theproject. Ao additional storage facility has been sOUrd in 2020. in ¢los¢ proximityto the store. to increase the stockholding capacity and provide a'hubl for the on-lin¢ sales. Plans for tbe future Emmaus Oxford will se¢k to support and encourage all Companions to move-on to independent living as soon as theyare able to, and has resour$ ddi¢ated to assisting eompanions trt making this transition. The fijture strategy is to increa5ethe numberoecompanion5 that can be supported, by acquiring further suithble premises in the locality. This year a prudent approach to surplus unrestricted tOgth with an unexpected legacy. hav¢ enabled the organisation to purchase 167 Oxford Road with this objective in rnind. Fundraisin£ Etnmau5 Oxford is registered with th6Fundrnising Regulator and complies with their Code of FundrniSingPraCti The charity [1Ved no cornplaints about its fimdraisingthis year. All fundraisittg ¢ampaigns w¢r¢ rpjn by one member of staff directly employed by Ernmaus Oxford using conllnuttieAtions by direct mail, email and social media. Erntnaus Oxford is signed up to the Fundrai$ingPreference Service but this year received no requests from this service. Supporters ofEmll]4u$ Oxford can elect, through th¢ web3ii¢ to Teceive the newEletter and have the opportunity to reviewand change their Communication preferentts similarlyfor a]1 mass communications. Emmaus Oxford continues to apply its supporters. Privacy policy and its ethi] fiuLdrai$ing policyto maintain high standards in our fvnthat2iA& Both are available on the websits. The ethical fundraising policy describes the steps ittsk¢5 if offered a donation from somegn¢ who is potentially vulnerable and a]so gives details on how to make a complaint about our fid[aising. The privacy policy for supporters Mntains detail$ on th¢ steps the charity takes to protect supporters. dath. In ye8r2020-2021. our fundraising ntinued to be successful. The proportion of our InMe whith compris£s grants and donations increased si1filtIy. We expect this increase to be a short-tetm effect of oui en]eTgency fimdraisingappeal ill 2020 when the COVID-19 p3nd¢rniG started.
Eqlllty. divthyity alld inclusion EmKnaus Oxford wants to offer an environment vknich invite5 arbl wdcthxes diversity am(w volunte¢r5 ¥nd companions. This year Emmaus Oxford took the following step5 towards that goal: Used att ext41 ¢onsultani to increase the number of tnJstee5 and to increw the diveESty ofthe board. Appointed an Equality and InGIu5ion Champion, from amongstthe board oftfU5tees Condurted EqualityImpact A55es5ments for major poli¢y revi¢w5 and new poli¢i¢s ArraThged for4115tsffto undertake mandatory training in &]uality and Divusity Monitored eqlIty and diversity wAthin applicants and MpanIOnS through an afttsl aTwllymous su Encourdsed applicants with lived experience of homelessnes5 to apply forpaid #Dd volunieer roles Introdu¢ed i new Domesti¢ Abuse Policyand Appointd a Domestic Abuse Champion from within the stsff. SAfeRuArdig and serious in¢ld¢nts Bmmaus Oxftjrd ar¢ ¢ommitted to supporting the s&fety and wellbeing of OUT companion& Jnany of whom hve ¢4rg and support needs. Ail staff undertake matthtory training in Safe8uardin8 Adults (levels l It 2) and Safe8wditJ8 Children. with annual Tth5hercouTh Enun4u5 Oxford rewJrt¢d no $¥ious in¢tdeAts to the Charity Commission during the eoutse of this year Impliutlons of c0vu19 In common with other charities. Emrn4U5 Oxford irnpacted by the Co[7 9 Vin and the ¢onsequ¢n¢ lockdown The retail store was closed for ihree months in the pr¢viou5 year, but has been ablt to remain open. ¥pJrt from a brief period in November. throughout the ye4r. Using lessons learnt from tho fiTSt lockdown. the organisation much better pr4pared for th¢ ¢losure irt November. And w&% able to IncreOn-11nC leS aad hou90 ¢le4rances. and set up a'click and ¢0112GV Jtore facility. all of which enabled Emmaus Oxford to maintsin som¢ in¢om¢ aAd Cmpanion activity IA the social entuprise. DotiOnS in support of Enunaus Orford have beon particularly enttous over this period end. combined with some frugality. means that the ¢harity Wds in a good position to cope with the loss of $oci•l ¢nterpriso income in th¢ Short iemi. Publle Benefil Emmaus Uxtord Is committed to helping homel¢ss pIe mak¢ a oawstart ch•nty OpteS two )mmunity bwld3ngs wluch allow it to prowde a home t(Jra number ot. them. Over the past 10 yeats it h&% accepted many homeless people 85 fomp4tsiom' who ar¢ living in thecommunity and working thwe8nd at the secondhand furnitur¢ sto The tharity provide5 affordable furnityre household goods in the secondh8nd fiJmilur¢ stoT¢ for th¢ gen¢rnl publi¢. of which might otVISe go into18ndfill. The charity is therefore providin8 a public benefil in wccordance Thith its objectives. The twsteu have complid with theiT duty under S¢aion 1715 of the Charilie5 AGt 2011 having regard to the guidanc4 on public benefit issued by the Charity Cottmit4iorL Finaneial Review The resutts for the yearand the ¢hat11S financial posiiion at the end of theyearaTe shown inth¢att8dkd financial statemetEts. The trustees ve adoptd the provisions of the stllent OfRttoMm PR&ice (SORP)'Accounting and Reponin8 by Charities- tn preparing the annual report and financial statements of the chariry.
ReseThes Policy 'I'he trrLStees have roMewed the* reserves otthe ¢baity. 'I"hI5 reeweDcornSseI1 thènature ot'the mcom¢and dItUrestre1ll the need to m&l¢h v2nable meome with fixed commitments. and the nature of the res¢rv¢s. The r¢viewcL)DGluded that to allowthe charity to be rnarBged efficiently. aod to provide a bufftr for unillterrupted se1¢¢5, a generol reserve of £200.000 (£150.000 for 2019-20) should be maintained forthe W¢ted funds not eonmiitted or investeJJ in tsllgible fixed assets, which UlleS to approximately thTe¢ months, eXpenditi. Th¢ ¢lJ4rity'S unrestricted reserves in assets &$ at 31 AugusL 2021 are £849.805 (2020.. £423.248). The unrestricted fimds in excess of the oeneral re5eTve of £649.805 Q020'. £273.2481# retained bvthe thtstee5 forvthinq caDitsI. Trnstee8' Responsibilities Th¢ trusle¢s ar¢ responsibl¢ for preparing th¢ annual report and financial statements in accordancewith applithle law re8ulatiotts. Compw18w requires the tceS to prepare fmancial statem¢ll(s for ¢A¢h fijwiciaj yw. Underthat lawthe trwte¢s h4v¢ de¢t¢d to preparethe fujancial statements in aCCOTdan¢¢ with United Kin8dom Generally Accepted Accountin8 Prn¢ti¢¢lUnitwJ Kingdom Aecoullting Standards and applI61t law). Urtder company law the tru5tee5 must not appro the firtart¢ial ststemettts tthless theyare Satisfi tbat thry give a trueand f2ir view of the state of a&irs of the 01[lty and of the inci)min8 resources and application of re50ur¢e5 of th¢ Charity for thai p¢riocL lrt preparing these fiwnci81 ststernents the tntstees are Tequired to". sele¢t suit¢bl¢ a¢¢ounting poli¢i¢s and then apply them consistsDtIy' jud8ements a)d a¢¢ouAtLrt8 ¢stimateJ that reasonable and pnthnL" prepare the financial 5tst¢rnents on the 80itt8 Cortcem basis unless it is inappropriatè to prUM¢ that thecknity will continue in busTn¢Js. Thè trust4¢s are responsibl¢ for keepingthiulte accounting records that are suffi¢ient io slM)wand explain thechuity's tAn¢tIonS and disdose with any reasonF4bl# ac4uta at any tim¢ the finan¢i&l position of ihe ¢h4Trryand w enable thon io en5ur¢that th¢ fiDan¢i81 s#Ients comply with the CompaDi¢s Aet 2006. They aro also Tespon5ibl¢ for safeguarding the assets of th¢ ¢lwity and hence for tskinB rea50ble step5 for the pr¢vention and d10n of And other irre8ularttie$. So faras the trustee5 areathwe, thete is no relevant audit infomjatiort ofwhith the¢1rItable company's auditOTr We UDawirA and ¢a¢h tnJste8 ItHs tsken all th¢ 8¢ep$ that he or she ¢)U8ht to have tsken director in order ¢0 make himself orherselfawar¢ of any relevant audit Anfonnation and to e5t3blish that the charitablo company's auditm aro aware of that infom)ation. This Repon been prepared in accordance with the small compania te8ime undertho Compani85 Art 2006. Approved by the trustees on the 28th February 2022 JAJ a Chalr of Fmmaty9 Oxford
1NDEPF1YD AUDITORS* REPORT TO MEMBERS OF EMMAUS OXFOIU) OpinTOU W¢ bav¢audited th¢ financial statements of Emmaus Oxford (the"Chari) for thé year ended 31 Au8lJSt 2021 which wmprise the Stateineut of Financial Activities, BalanG¢ SheeL Cash Flow Ststements gnd notes to the financial Statemen includRng & syJnm8ry of significant accounting poli¢ies. The finanGial reporting frnework that has been applied in their preparation ts applic4ble law and United Kingdom Accounting Standard& including Financial Reporting Staaihtd 102: TheFinan¢ial Reporting Standard applicable in th¢UK and Republic of ]relAnd (United Kingdom Generally Accepted Accounting PraGtice). In our opinion, the financial statements.. give a tNe and fair view of the Slate of the Charity's Rffrtirs &s at 31 August 2021 and of its in¢on)e and 6xpet1turts for the year then ended. have been properly prepared in accordance wlth Unitsd Kingdom Generally Accepted A¢¢ountingPra¢ti¢e: h4v¢ been prepad in a¢¢ord4n¢o with the requirements of the Compat>ies Aet 2006. BA¥ls for oplnlon W¢ ¢ondu¢t¢d our audit in accordan with Inlern&lional Stsnd8rd5 on Auditin8 (UK) OSAS (UK)) and applicable lttw. Our rpOnSibilitIeS uAd8r those standards ate fvrther d¢scrib¢d in th¢ Auditor's responsibilities for the audit of the financial stalements section of our report. Wo are independtnt of the Charity in 4e¢ordance with the ethical requirements that are relevant io our audit of th8 financial steOtS in th¢ UK including the FRC'S Ethical Standard, and we ha fulfilled our other ethical responsibilitie5 in a¢¢ordan¢e with these requir¢m¢nts. W¢ believe that the audit gvidence wo havo obtained i¥ sufficient and appropriate to provide a basis for our opinion. ConeluyloDi relatlnx to going eoneern In auditing the fi[wla1 Statements, we hav¢ con¢luded Ihv4t the tTUStees' uye of the 8oing Concern basij of4wouniin8 in the preparation of the financial staiemenis 18 appropriate. Based on th¢ work we have perfornied. we have J)0¢ identified any material uncert&inties iel8tin8 to events or condition$ thai individually or collectively. may cast signifie4nt doubt on the charity's ability to cijntinuo as a going co1¢ tora period of at least 12 month5 from when the financial statements are Authorised for issue. Our responsibilities aAd the Tosponsibilitie5 of the trust¢¢s with respe¢t to 801rt8 cOr¢M atv described ID the relevant sections of thi$ reporL Otber iDform8lio Th8 trustees are responsible for the other inf0mtiOn. The other inforn?ation cornprises the inforn]ation included in the annual report otherthnn the fancIal s¢atem¢nts and our auditol's Teport theTeon. Our opinion on tbe financi statements does not covcr the other xnforn)ation and. except to the extent otherwise expliciily stAted in our report, we do not express any forni of assuTance condusiOtL thereoD.
In ¢()mectiort with our audit of the financial statenhent4 our r4)onsibility il to read the othu inftJnDatton an in doing S JSider Wheth the other infomiatron is matrrially incortsistent with the financiat statements or our knowledge obtained in the auditor otheTWiS¢ appears to be rnatertally mis5tsted. If we idMiify such nMterial ineonsistencies or apparent material misstatements. we are required to detennillewbetherthefe is a wthi¢rial missts1eDnI in th¢ fillaDciai Se[ents or anwterial rnisstatemeftt of the other infornJ&tion. If, based on the work we have perfo we CA)nclude that there is amawial misstst¢Dient of this other infonnatiw we are required to ieport thai fact We have nothing to ryort in this regard. Opin5on$ OA other matter5 pr¢5crib¢d by the Compmni¢¥ Aet 20116 In OUT Opinio based on the Wjtk undertakea ID ihe 1$e of theaudit. th¢ infornTraiion given 111 tho trystee5' report (incoiwatsn8 the direc40. report) forthe finan¢ial yw for thich the fitiancial statements are prePed is consistent with Ib¢ fjn4nci•l $tatements' and the tru5tees' Teport (in¢orporntin8 the directors. report) hive been ID xcordanee with •pplicabla legal WUiTements. M#tt•n on wblth we are reqllired to report by exceptiou In the light of the knowledge and understanding of th¢ Compy1nd its eAviroiiment obtsined in the couThe of the audit. ve no¢ id¢ntifi nuteriAI misstatemthts in the trust, report We have nothin8 to report in rw of the following matters in re]•tion to which the CompJni¢s Art2006 requir¢s us IO Teport to you 1£ in our optnion.. suffi¢i¢n¢ a¢rourttin8 reeths have not beon kepL the financial statements are not in with th¢ I¢7nting rwd5 and trturns: Certain dis¢lo$ur¢s of trusiees. remuneralion SIfied by lawart not rnadtr. or w* have not obtyined all ihe infomjation and wlanatioDs necw for the purposes of our audit the tThstees were not entitled to tske advattts8e of thesmau cornpaoies. ¢xthnMions in pPArIng the direoors. report and frorn the requiTement io prepare a strategic r¢porL Responsibilities Of th¢ Inlee$ As explained more fully in the trustee5' responsibiliti statement Is¢t out on pa8e 4], th¢trwtee$ are respomsible for tho prepardtion of the finan¢ial 5taiements and for b¢inB satisfied that they give¥trueatHI fair view. ar for w¢h internal ¢ontToI a5 thry detemiitte is nes io enable the prepaAti(yn of financial slatements that are free from material rnis51atetneD¢ vrfhetheT due to fraud or etTOr.
In preparing the fina¢121 statements thetnjstees are Trsponsible forassessing the Cljartty's abilityto contiDue&s a going concenL dis¢losin& as applicabl?, rnatteTr related to going conwn and using the going cooc•rn knis of accounting uDle55 the trustees either inteJMI to liqwdate ihe Clwity or to cease owations. orhave no re4li5tiG alternative but to do so. Auditor's re$pon8ibilitles Ctsr Iht amdlt of the tlo4tselal sttemtMts Our ObJ1Ve are to obtaÉn reasonablo SuranCE about whether the finanwl stateMts a5 a thle are free from material missfalemeAi whether due to fraud or eOr, and to issue an auditor'5 rep¢)rt that includes our opillion. Reasonable assurw is a high level of assuran4 but is not &gwanteeth4t th audit eAxthed in accordance with ISAS (UK) wiu alvdy5 detecta materKal JD155cmenl it exist% Misstatements ¢an aris from frnud or error and eortsidered m8tetial if. individually or in the ag®at4 theyuld re4%)nably be txpe¢¢e4J to influ¢n¢o the economic de¢iyions of usets taken on the basis of these fman¢ial $t4taXb¢Dts. Irregularities. includins fraud, are instanc&% of non.compliAnce with I&v45 and Tegulation& We desigll procedures in Itne with ow responsibilities. outlineA abov< to detect material mi5Statements in respect of itre8uIAritie4 includin8 fraud. The extent to which our procolure6 are ¢4pable of detecting irr¢8ulariiies, Including fraud is delailed below. Our approath to identifyin8 Jnd uwsins the risks of misstathmertt in respe(x of irre8u]aritios, including etaud and non-¢4)mpliance with Ind regulations. vlas follows: the senior strtutory Audiwr ¢D>uj th&tthe en8•sent te4m collectiveIy h&d the appropriat¢ ¢omNth)¢4 Wilities and skill$ to identify or recogniso non- eomplxanee with applicable laws and re8ulations' we identified tho law5 and regulations ippli&ile to the ¢hlty throu8h diS¢u10n5 with ¥nd otherman8( 2Dd from our knowledge and experience: we focused on specific laws and regulations 1th Thte4nSlder may ha direct miler1 eff¢¢¢ on the fin¢]01 stslUI)ents or the opetation5 of the charity, we assessed the extent of ¢omplian¢e with the laws and le8u110ns identified above throwgb nwktn8a)quiries of man88ernent: and id¢ntifi¢d14ws and reBulatiorts wer¢ ¢oJnmwii¢J Mthiti the audil team regularly attd the teom renuined a]ertto instances of non-compliance throughout the audit We 8S5e4sed the 5usceplibs1ity of the dwity'j fmaactal statemtst0 ]naterial miss181ne0( including obtsining ao llDderstandin8 of how fraud might oc¢ur. by.. ttwking enquities of manase4Dent &4 to where theyconsidered thereMEs susceptibility to fiaud. their kttowlal8¢ of actual, suswted and allegèa fraud. and nsidering the internal contro15 in place to miti8ate risks offrnud and nonacompli8nce with law5 and regutatiOD5.
To addr¢ss the risk of hud thTough TDanagement bi&s and override of c<)ntrols. we.. perfomed 8nalytic41 procethres to identify any unusllal or ullexpeGted re12tionshi tested jowJ]al entries to identify unusual transactions. ossessed whether judgements and assumptions made ill deterniiningthe accounting estimates were indi¢ative of potential bias.. ai investigated the tionle behind significAnt or ullusual transftctions. trn respons¢ io the risk of irregularities and non-compliance with laws and regulations, we designed procedure5 which included. but were tt limited to: agreeing financial $tat¢m¢nl di10$Ur¢S to underlying supporting documentstson" reading the minutes of meetings of those charged with governance" and )quirin8 of management as to actual and potential littttOrt and ¢laims. Thereare inherent limitstion5 in our audit pro¢edur¢s d¢s¢ribed abov& The more removed that laws 2nd regulations Rre from financial tran¢t]0n$. the less likely it is that we would become awaro of non-¢omplianrA Auditing standards also limit the audit pr¢c¢dures required io identify non.cornplian¢o with laws and re8ulalions lo enquiry of the truste¥ and other manogemont and th¢ in¥p¢Gtion of r¢8ulalory alld108 cottospondenc4 if Any. Mat¢riol misstatements thai aris? due to fraud ¢aft ba harder to deteet th those that ls8 from error as they may involve deliberate ConlMent or collu5i0n. A bjrtlwr description of our responsibilities iy *vail&ble on th¢ Financial Roporting Council's websits at.. www,fr audoISre •s This degcripiion fornjs part of our auditor's report. Uso of our reptsrt This report is made $olely to the Clwity's members, os a body, in accordance with Chaptcr J of Part 16 of the Companie5 Act 2006, Our audit work been undtrtAken 80 that w¢ might state to the Charity's members those m•tter$ we are required to slate to them LD an auditor's report and for no other purpose. I'o the fijllest extent pennitted by law, we do not aept OT assume Tespon5ibility to anyone oiher than the Charity's members as a bDdy. for our audit work. for ihis report. or forthc opinion$ w¢ have formed. Colin Mil]s (Senior Ststutory Auditor) For 2nd on behalf of Critchleys AuditIU (Statutory Auditor) 18 March 2022
STATEMENf OF FINAThCIAL AcrivrriES FortheyeAr ended 31 Augusl 2021 Totsl 2021 Total 2020 Note Unrostrided Ratiided Ullrestrieted Restricted Donaiions & Lewies 361632 217.If2 579.814 139.994 106.l93 246.187 Other ts4ding#¢tivities io io Income from investMts 34 34 788 788 CharitAble a1ville3- FumitUTe stor¢ 368.840 39.720 408,561 371,524 30.986 402.510 Housins benefit for Companions 246215 246.215 250.887 250.887 Other in¢4)mé- Gift Aid 26.147 26.147 27.643 27.643 Total I.3.868 2549tr2 1.260.771 790.847 137.179 928,026 ExpeDdlture R2isin8 funds 61.601 61.601 S5?79 53,379 Eyents $ts 1506 2.506 3.154 3,154 Clwitable a¢¢ivities 529.978 256,902 786,880 588.420 125.546 713.966 Totsl esptnditsre 594.085 256.9¢Y2 850,987 646,953 125,546 772,499 Net income (expenditure) for theye4T berCe t 409,784 409.784 143,894 11,633 155.528 TrnLSfer of fimds from restricted to unr&stricted fund 15 37JOO (37.300) FuDd bAlanc Net movement in fijnds 409.784 181.194 (25,667) 155,528 Brought fon4wd at I Septetnber. 2020 1.229210 1233.000 1,048.016 29.457 1,077,473 Carried foNryrd at 31 Augusl 2021 1.638.994 3.7 1.642.784 1229210 3.790 1.233,000 io
EMTrL4US OXFORD (Co ller 34223SO) BALANCE SHEET 31st August 2021 Notes 2021 2020 Fixed knets Leasehold l*operty Freehold Prop¢ty Equipment otor Vehicles 551.040 200.948 555.632 200.948 37200 49.382 TEnsible asgets Intangible a5S¢ts 789,189 80S.963 Total fixed avJets 789,189 805.963 Curr¢nt w$¢ts Cash 4t Bank Debtors 943.403 42.956 531.021 31.691 io 986,360 562,712 Creditord due withirt one year (132,764) (110.674) Net fUTront Aets 853.595 452.038 Totsl assets lem JiAbili¢i¢s 1.642,784 ,258,000 Crediton due after more than onayear: (see note 12) (25,000) Net 4Sg¢ts 1.642.784 1.233.000 Re4tricted fimds Unrestricted fimds (d¢signAted) Unrastricted fijnds (other) 14 3,7 751.988 887.006 3,790 756.580 472,630 14&15 14 ebairity fullds 1.642.784 1233,000 li
For tho yearended 31 Augias¢ 21Y21 2021 2020 Cash IIov4s from opernting activilies: Nrt provided by (used in) opwdtill8 adivities 438.795 197.189 Cash flow8 from investing aclivilies: Dividends. iDterest and rents from inve51meDts Proceeds from the sale of property Proceeds from the s¢ of plant and equipment Purchase of property Purrh45¢ of plant and equipment Proceeds from sde of iTrvestmtnts Purchaso of invLstm¢nts Net G¥h provided by (used in) investing tiVitIeS 38 897 (1.450) (17,495) (1.412) (16.398) Cath floyts from Ilnaneille etivlties: Ch inflow5 from new iwJrrowitt8 Rep8)Thents of bottoin8 Reeeipt of ettdowments Net provided by (used in) fin8ncinga¢tivitieS (25.OCQ) (25,OW) Resuilant cash tlow 412J83 I8091 Re¢oKiliAtion of n¢¢ incwnrf•xp¢mdhtsrn) to fflt tlow C&sh and Lwh equiv8lertts at the be8inning of ihe Reporting Period Cash and cash equivalents &t theend of the Reportins Period Net cash inflow(QU7owS} 531.021 943.403 41U83 350,430 531.021 1811.591 ReeollelllatloD orin¢on to cAsh IIo*T Operating 44h flow intere depreciation djarges gains1(Ios5&) on investrients profitl(loss) on the sale of fixoj assets Tncre4sel(decr&w) LD Stooks Encreasel(decrease) in debtors (ThGreaseydecrease in creditors In¢¢)m¢ 8iven in Ststem¢nt of Fin4rtcial Activities 438.795 38 (18224) 197.189 897 (14.435) 11265 (U090) 409,784 (503) (27,620) 15S528 12
EMMAIJS OXFORD CASH FLOW STATEMEwf ton'¢ Forth¢y¢8r ended 31 AugusL W21 Analysi5 ofcasb Jnd cash equivalents Cath in hand Notice deposits (less than 3 montbs) Ov¢rdr4ft facility r¢pasgbl¢ on I1nd Totsl c45h and cash equivalents 943.403 531,021 943A03 531,021 Amlysij of ehAnges in net debt ¥1 slart DrYr sh Aows Dther noll-cb ¢hart2 atffid of year Cash Loans hllin8 du• within one ytar L¢)ans fallirtg du¢ after oneye4r Totsl 531.021 (25,000) (25.000) 481.021 412.383 25,0 943.403 (2S.000) (25.¢x4)) 25.oc 437a83 918003 Those a¢¢ountS w¢#pPrOVed and luthorised for issue by the dirett¢)ffX on the 28th Febrw 2022 Andrew Moryan-Giles ChASr of Emmaus Oxford 13
EIAUs OXFORD NOTES TO ThE FJNANCJAL STATEMENrs Forthe ye4r ended 31 Au8usI 2021 I. AccolINGP0L1Cls A) Basis ofactOUDting The finoncial statements have been prepared underthe historical cost wnvention, and in N¢wrdan¢t with ihe Financial Reporting Standd 102. the Companies knt 2006 and ftsllow the recommendations in Accountin8 and Reporting by Ch&ritias'. Ststement of Recornmended Practsee (FRS 102) Thè charity is a public benefit entity. b) Fund aeeoMRtkng Unr¢stri¢ted fundg ¢ompr(s¢ a¢4umulat¢d $urplu$es ond defi¢its on general fvnds. They are available for use at the dIset10n of the trustees in furtheranc4 orthe general ¢haritAble objectives. Restricted fun& are amounts for Specific purposes os defined by the donor. The charity does not currently have any ondownwrt fvnds or capital ndS which have been transferred from restricted fvnds. e) Incorne In¢oming Tesour¢es reprwent the total income re¢eivable during tho y¢ar ¢ompri$ing 8ales from the secondhand ftuniture 510ro, housing benofit for compaftions livin8 in the Emmaus Community in Oxford, wants. donation$ and gths, thvestmertt in¢ome and 8ifts in kind. All ineoming re$ources are recognised at thc point of rpuipt of monies except where wlierrccognition is prudent. for example. investmcnt in¢om¢ and monie$ from grants made irt rtspe¢t of the 3¢untIll8 period. Incoming re50UTCQ5 deforrcd where Ihc conditions for receipt are not met at tho end of thoaccounting perzod. Incom¢ from don8t¢d 8oods is reGo#ni$ed when th0$0 8ood$ arè sold bo¢au$e it is impracti1 to agsess their valuo on don&lio d) FApettdlthre Thos¢ ¢osts which aw d]relY attributhble to ditTerent JJn¢tions ofihe charitygre allocated as Such. Tho tn]5tce5 apportion augregated cos¢s in proportions which th¢y con$id•r to b¢ a foir estimite of thoir funrtional division. Support eo$ts are allocated to the charitable activities of opernttng tho Bmrnau5 ConJrnunity in Oxford and the secondhand firniture stor4 based on an estimate of tim¢ spent bythe staff ¢on¢erned. e) Depr¢cladon of fixed amet% And amortlsatlon of loodwlll Depreciation 1$ provid¢d io write off the cgst of fixed assets over their estimated useful lives using tho following rat¢s: Freehold Ipnd and buildings Leasehold buildings Fix¢ure4 fittings and equipment Motor vehicle5 str8i8ht line- oyer tho lifetime of th¢ leose 23% strai8ht line 20% straight lin¢ Assets are not capitslised unless the putch&4e cost orvaiue assessed at acquisition is greaterthan £1,000. DeprecA#tion wtll be provlded forthe leasehold suFtrstore in Barns Road cornmencing in 201&17. on a stsaL8ht line b&8ts. £574.rJ)O over 125 yeors. t) Pension cost5 Einm&us Oxfoid operate5 & defined contribution pension stheme and ¢ontributions are ¢har8ed to the Statement of Financial Activities as they become yabl 14
EMKAUS OXFORD NOTES TO THE FINANCIAL STATLTrIENTS. a)n't Forthe Y ended 31 AugusL 2021 2021 2020 Jnter¢8f re¢eiv&ble 34 788 Interest rece1]e has been earn on bank 4¢¢0Utt¢g held within theUtiiteA King 3. CHARABLE AcriviriES Total 21ni FurDitsre Stor• To Store Community 2020 Costs ofaetivities UDdert*k¢n dire¢dy Indlrecl support ¢osts 131.380 341.415 181.322 131763 312.702 474.178 127,221 304,282 161.143 121,319 288.364 423.602 Tots 4f2,795 314.085 786.880 431.504 282.462 713,966 Emma C¢)Mmmity Totsl 2021 TotAI Store Community StOTe 2020 Activitie8 undtrtAkeD direc(Jy repreJen¢: Sal4ri¢5 & wAgog-Notè 7 Mat¢ria]s Vehicle nnIng Costs Expen58s ftsr Companions 138.328 12.150 28.219 1624 138,328 12.150 28.584 133,639 125.027 9.056 24.473 2.586 125.027 9,056 24.473 129,808 365 131.015 127.221 Totsls 131380 181.3Z2 312.702 127.221 161.143 28&364
ETrtMAUS OXFORD NOTKS TO TUE FINAFICIAL STATEMENTS- eott't Forthe year ended 31 August. 2021 4. SUPPORT COSTS Emmaus Community Furnithre Store Total 2021 TotAI Communlty Stor 2020 Salaries & wgges- Note 7 Expcn9es forvolunieeffs R¢¢ruitm¢ni Advertising Trknketing 184.804 46.109 89 230.913 104 166.137 41.676 207,812 45 2.501 3.132 175 4.787 81.844 20.052 2.596 15,266 274 14,986 3,464 408 485 530 58 1,122 841 1.236 4.476 81.165 16.358 1655 13,226 953 4.625 3,294 240 1.535 1.770 4.592 38 11.249 3.356 1.802 8,357 84,517 23.712 8.126 25.908 2.745 13,530 13.772 440 3,070 2,713 14,435 11.491 2.305 13,992 5,437 286 8.889 86,915 27,Q94 5.398 29,630 1507 21567 16,118 748 3.300 1.478 18224 10.127 1515 566 Trnvellin8 expens¢s Telephone Renl rates & watèr Light & heat Printin& postsge & 5tstionery Oth¢r office costs blaintenan¢e and ropairs Other premises ¢o%ts InsuraThce Piofessioml Fees (3ovem8n¢¢ C05ts- Not? 5 Bank chor8es Depreciation Arnortisation Mis¢ellaneou¥ 4.102 5,071 7,042 2,802 14,363 2.233 7.580 12.654 340 1,650 704 13.632 3,881 3,3S2 7,354 5,471 12,682 1.792 8,905 10.478 200 1,535 943 9,843 1.650 774 4.392 50 50 Totals 341.415 131763 474.178 304.282 121,319 423.602 S. GOVERNANCE COSTS Auditors, remuneration Auditors, ontancyre8S 3.300 3,D70 3,300 3.070 16
ETrLMAUS OXFORD NOTES TO FINANCIAL STATEM£Nfs. ¢oD't For the Y ended 31 Au8usL 2021 2021 2020 6. NET MOVEMENT IN FUNDS The nel rnovement in fvnds ig $tLtsd after charging.. Depreciation of tangiblg fixed &ssets owned by the charity 18,224 14.435 7. EMPLOYEES AI¥D STAVF COSTS The aggrete FfE number of eull and part time persony employed during theyear was: 13 13 Stgff costs were as follows.. Cojt of Dlrect eo$ts GeneTIti Furnlfyr• Funds Stort Support Costs Community Furni¢uro Store Tot41 2021 Tothl 2020 Salaries & we8 Nationai Truuranc Pension contributions 54,684 4,564 2,354 128,177 7.132 3.019 164.051 13,691 7,062 42,726 2.377 1.006 389.637 27,765 13.441 332,951 23,539 11.728 Totals.. 2021 61.601 138.328 184,804 46,109 430,843 388.218 Totals.. 2020 55.379 125,027 166.137 41.676 No ¢mploy¢e earned more thun £60,000 in theye4r. 8. RETrtUNERATION OF TRUSTEES Af4D KEY MAIYAGEMKNT tn aggregat¢ thetrn5te¢s and k¢y manascmettt received remuneration of £50.523 for their services {£47.057 in 2019-20). 17
NOTES TO THE FINANCIAL sTATEmS- ¢'t For th¢year ended 31 Augusl 2021 TaDgiblt sts Lweho a55et FlIre¥ Fitts¢s & Equipment Motor Vehitles Totsl Cost As at I September. 2020 Additions Dispo1$ 574.(O) 2,948 8.313 95205 1,450 (15.500) 878.466 1.450 (15,500) A5 at 31 Augusi. 2021 574.000 200.948 8)13 81.155 864.416 Deprnciatlon s at I September. 2020 Charge for the y Disp05&18 18.368 4.592 8J13 45.823 13.632 (15.500) 72.304 18.224 (15.500) As at 31 Augusl 2021 8.313 43.955 75.228 Net Book VAlue As at 31 Augug12021 551.040 2LKs.948 37.2th) 789.189 A5 at 31 Au8us¢ 2020 555.632 2(K1.948 49,382 805.963 Jntsngible assets Goodwill Amortisation 15.800 15.8QO Net book value as at 31 AugusL 2021 ix)ok Value &$ at 31 AugusL 2020 Emnwjs Oxford has granted a leasehold interest in the propty at 171 Oxford Rr•d to Dominion Housin8 Group for 125 years. In retum. Dominion Housing Group assisted in funding consmb¢tion of the Community propetyon the si 18
NOTES TO TI[£ FTANc STATKlVtENfs. COD'I Forthe year ended 31 August. 2021 2021 2020 Ill. DEFTORS Accnwd interest on deposits VAT ryyment Gift aid reolaimed from HM Revenue & Customs Sundry debtors and prepayments Housing benefit from Oxford Cily Council Donati0ft8 2.908 6.097 20.295 13.653 7,337 3.143 7,325 13,880 42.956 31.691 11. CREDryORS DUE wrrEtIN YEAR Taxe5 and sociol se¢uTity Companion holiday & leaving fithd Loan from Emnlaw UK Other ¢reditors and 4¢¢ruals 406 45,882 25,0(Xl 61.476 60.257 25.000 25,417 132,764 110.674 12. CREDrroRS DUK AFfxR ONE YEAR Loan from Emmaus UK 25.000 Interest was payable on the outstandin8 balance of ihis loan at 4°A per annum. 13. SHARE CAprrAL Emmaus Orford is 8 cOmpLY limited byEllarBntee with no share c4pitsl. The liability of each member is limited to £1. 19
EMMAUS OXFORD NOTES TO THE FINANCKAL sfATEMEPUS. ¢ott't Fortheyear ended 31 Au8USL 2021 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Totgl Fixed assets Net Cuent a5S¢ts 789.189 849,805 789.189 853.595 1,638,994 1.642,784 Creditors due th nwre than one year Net assets.. 2021 1.638.994 3.790 1.642.784 Net wets: 2020 }229.210 3.790 1.233.000 In the year 202fy21. r¢5tti¢ted donations giv¢n to Emmius Oxford to th* value of £217.182. A fithcr £3.790 b85 bttn carrieA forward to year 2020-21 from 2019.20. R&5tri¢t¢d inwm¢ in the fomL of Brants of £10,071 eIVed from Oxford City G)un¢il. 5pe¢ifically as a Contribulion tow#rds the n1n8 Costs of ihe fiThitw¢siOrt Further restricted income of £29.649 (£28.486 in 2019-201 was received through the 8overnmeni CorOnAvin Job Retention S¢h¢me. In th• year 2013-14. £289.000 was paid to GreeDsqutre GTQUP for the purchAse and CA)nstruction oftho new fvrnittwe stort thd a furthor £285.c pnid in 2015-16, anwuntin8 to £574.1YJO in total. 15. DESIGNATED FUNDS Designated n$ are unrestri¢ted thods whi¢h the trustees 11¢ set &8id¢ for particularpu. Thetrustee5 hveset up a de$lted fund equal to the net ixjok value of the charity's freehold and leasehold Propety. 16. COTrfMrrMEiYrs On 21st February, 2008 Emmaus Oxford ¢nt¢r¢d iuto a )nan88emetha8r¢¢m¢nt with DomIniL H(YJSiDg CffOUP ID latiOn for Fl 125 year ISe of171 Oxford Road under whi¢h Emmaus Oxford has to pay for the use of the buildins Theamoutttcuftently pAe is £65.981 peranoum. The lease Lzn be Illa1¢d byErDrnaw5 Oxford by giving tw? On 15 April. 2013 Ertllll Oxford entered into an Agr¢ernt forLeu¢with Orford City Housin8 knociation Limited and Greensquare Group Limited for the of a lease to Emmaus Oxford of propertyatBarns Road Oxford fora tenn of125 yew5 ill eA)D5ide£ation ofa wemKum of £S74.((K). (se¢LeA5¢hold Asset in note 9).
Forthe yearended 31 AuwL 2021 17. TRUSTEES Trustees not reirnbur5ed for exp durirtgthe period and received no remuJ)efatio Donations to th¢ valu¢ of £120 ww¢ re¢eiv¢d from trustees and Teiat&l pArties in 20]20 (£120 in 2019-20). No related party transaction5 took pl in the year. 18. (YfHER NOTES. PRXOR YEARS Grants from Emmau5 UK to Emmaus Oxford. received in previous year4 which amount to £140,OW in totsl be jnjmedj8wly rthndable if EnllS Orford cease5, for whatever reason. to btsa Member of the Federation of Emmaus irt the UK. 19. OTHER NOTL8. SUBSEQU EVENrs The Pubase of the freehold prop&ty at 167. Orford Rofyd was completed on 3rd Febnjary 2022 for• iotri Consideration oe£490,000. 21
EMMAUS OXFORD èIDDTfioNAL INFORMATION For the year ended 31 AugusL 2021 2021 2020 Ch*ritsble Activities Overnll Costs Wages. salarie4 Employer'sNI & P¢DsioD Cotitributions Materials Vehiclo riinniDS costs Companions. allowanc&% & food cthqts Volunteer expens&4 & training R¢cruitment Adv¢r¢isin8 Marketing 369.241 11150 28,584 133.639 332,839 9,056 2A.473 129.808 530 58 13.992 5.437 286 8.889 86.915 27.094 5.398 29.630 2.507 22.567 16.118 748 1,478 18224 11,249 3.356 1.802 8.357 84.517 23.712 8,126 25,908 2.745 13,530 13,772 440 2,713 14,435 Trnvelling expenses Telephone R¢nL rates & water Light & heat Printing. postsg¢ & station her office e05ts Maintcronce and repAi oth premises co$ Jnsuran Profe93iona] F Bank charges D¢pr¢¢iatioa Amorttsation 50 783A80 710.896 Co$t of 8¢nernti#z fuAds Fwid-raisimg eojts Sa]aTie5 and Employer's National Insur Event charBe5 61.601 2.506 55.379 3,154 64.107 58,533 G0Vennce eosts Audit and #¢¢owIt¢yfe8S 3,3(M) 3,070