EMMAUS TRANSFORMATION TRUST (A COMPANY LIMITED BY GUARANTEEI TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CHARITY REGISTRATION No: 1069902 COMPANY REGISTRATION No: 03549934
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page 1 Reference and administrative details of the charity. ils Iruslees and advisors Pages 2 10 7 Trustees. report Pages 8t010 Independent auditor's report Page 11 Statement of financial activities Page 12 Balance sheet Page 13 Cash flow statement Pages 14 to 23 Notes lo the financial statements
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2022 REFERENCE AND ADMINISTRATIVE INFORMATION CHARITY NAME Emmaus Transfomialion Trust WORKING NAME The Lighthouse CHARITY NUMBER 1069902 COMPANY REGISTRATION NUMBER 3549934 TRUSTEES Mr Peter Keynes Chair, Company Secretary Mr Scot Bower Mr lan Nicholson Mrs Emma Harew(x)d {appointed 17 February 20221 Mr Richard Grove lapp)inled 17 February 20221 Mr Paz Redondo {appointed 17 February 20221 COMPANY SECRETARY Mr Peter Keynes REGISTERED ADDRESS The Lighthouse 8-10 High Street Woking Surrey GU216BG DATE OF INCORPORATION 21 st April 1998 GOVERNING DOCUMENT Memorandum and Articles of Association BANKERS HSBC Bank Flc 6 Commercial Road Woking Surrey GU21 6EZ AUDITOR Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton SM12SW
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl The Iruslees present their report and financial slalements for the year ended 31 March 2022. The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 20191 Icharilies SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Ob-ectives and activities Emmaus Transformation Trust objects are, for the public benefit and in accordance with Christian principles, to.. lal promote social inclusion by preventing people from becoming socially exduded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. Ibl advance such other charitable purposes as the trustees see fit from time to time. Socially excluded means being excluded from society, or parts of society, as a result of one of more of the following factors.. unemployment- financial hardship,. youth or old age,. ill health {physical or mental)- substance abuse or dependency including alcohol and drugs- discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment- poor educational or skills allainment- relationship and family breakdown,. poor housing Ilhal is housing that does not meet basic habitable slandardsl., crime leilher as a victim of crime or as an offender rehabilitating into socielyl. The activities undertaken during the year in pursuit of these objects are detailed in the following section. Achievements and Performance Summa 2021122 has been a year for us as to emerge from the lockdowns of the previous year. It was with great relief and anticipation that we were finally able to open the doors of The Lighthouse again in April 2021 and for the projects lo start providing support lo people fa-to-face. 11 look lime to return fully lo nomial, bul by the end of 2021, we were back to operating as we were pre-pandemic. There is no doubt that being able to meet in-person makes a huge difference in the support we can provide. We are very pleased lo say that the staff team have responded incredibly well lo the re-eslablishing period during 2021 and have continued lo do an excellentjob bringing vision and leadership in all they do. A special thank you lo all our volunteers who have re-grouped and been oulslanding in bringing kindness, belief and hope lo those we have had the privilege of supporting over the year. We would also like lo thank our donors, be they individuals, businesses, churches, Irusls, etc, who have continued to provide us with the finances to keep our Lighthouses operating and the projects within them. It is the combination of staff, volunteers and donors that enable us to provide the support we do. We would like to highlight the opening of our Bamsbury Lighthouse on the Barnsbury estate in Woking. We were planning to launch in March 2020 bul that had lo be postponed because of the pandemic. However, in May, we opened the doors of the Bamsbury Lighthouse. Our initial focus has been on providing a pla where senior citizens from the estate can come and enjoy company, along with organising youth sessions after school. It has been a real joy and privilege for us lo have this opportunity on Barnsbury estate. We are very pleased to say that the charity's finances have remained in a healthy stale through 2021122. People and organisations continue lo be very generous and we are very grateful for this. Finally, we would like lo thank everyone involved with Emmaus Transfom)alion Trust for their contribution in making what we are today and together, we look forward to continuing and growing what we will do in the future.
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl Achievements and Performance Detailed During the winter lockdown, The Lighthouse continued to address specific needs relating to the pandemic and vulnerable families in crisis, both online and through home delivery, as well as preparing the space ready lo reopen. From April 2021 we re-opened the doors of The Lighthouse, providing chat, support, signposting and several other projects that could run during that stage of government re-opening plans. During this period, we've received referrals from social workers, health visitors, support workers, refuges, midwives, home school link workers, refugee support workers elc. We've supported beneficiaries from Woking, Guildford, Stsines, Addleslone, Chertsey, Godalming, and Aldershot. ril - June 2021 The Foodbank continued to provide emergency food supplies and household essentials through 8 home delivery system during the winter lockdown. Since April, returned lo in person collections, as well as continuing home deliver. Care Packages- go NHS workers provided with hampers, 30 workers in Aldershot Vaccination hub provided with hampers, 80+ school children in Adershot given Easter supplies in March. Jigsaw continued home deliveries of essential baby items including clothing, toys and equipment during lockdown. They also ran several Zoom parenting courses with 30 families. In person pick-ups resumed in April. Community Money Advice Online 'Money Workshops, held on Zoom each week, returning lo face-to-face from June. 49 supported with debt and budgeting advi during this period. Nurture continued online twi weekly wellbeing workshops for women, and face lo face 1..1 s. plus care calls. and from June workshops returned lo face-to-fa at Lighthouse Woking. Chat & Support 70 different guests in for a cuppa, prayer, support, and signposting. Hundreds of visits during this period. LaunchPad supported 34 individuals through Zoom employability workshops 1 1'.1s. 51Q/o of clients gained employmenl159Q/o if including further educalionl. Style Studio provided over 20 emergency packages of adult clothes home delivered during this period. From June, back in person twice a week. The Little Comer Store Lunched a small commLJnity market opened from April on a Monday, Wednesday, and Thursday. Guests able to take a basket with five items. P.O.P {Power of Positivity) group launched weekly in May, with a groLJP of guests sharing ways to stay hopeful and positive over this period Barnsbury Lighthouse Tea and cake for senior atizens began in May. plus three youth events held in June lahead of starting weekly from September). t 2021 Re-opened most projects face-to-face. 18 projects tackling a poverty of resources, relationships and identity currently happening, with 115 referral partners. Foodbank continued to provide emergency food supplies and household essentials. Supported 425 adults and 286 children during this period1711 in totall. Jigsaw ran three Back-to-school events in Woking. Guildford. and Aldershot in July, giving out 225 packs to families in need. Communlty Brunch re-launched in July. feeding about 50 people per session.
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl Barnsbury Lighthouse held 'Tea and cake, for senior citizens is thriving, and saw 62 visits since July, with an average of 13 each week. Three Free16 youth events were held, seeing 75 visits from young people during first four sessions. October - December 2021 The Foodbank prOSSed 566 vouchers, supporting 807 adults & 463 children. Jigsaw gave out 800 Christmas Kindness parcels lo families & children. Style Studio gave emergency clothing lo 35 men & 55 women. Money Advice supported 18 people with debt & budgeting. Free 16 Youth had 48 young people attending over 10 sessions. Baby Massage provided eight excellent sessions for new mums & babies. Christmas Kindness parcels given out to 1,100 individuals across several projects. Janua - March 2022 Foodbank processed 506 vouchers. supporting 723 adults & 460 children Jigsaw Hub helped 47 new families, 174 visits & 54 children Style Studio gave emergency clothing lo 43 people. Money Advice supported 14 people with debt & budgeting, £27k debt written off. Free16 Youth 48 young people attending over 12 sessions Jigsaw Family Hub was launched in January. This new centre was officially opened by the Countess of Vvessex in February 2022. Shoe Day provided 75 families & 151 children with brand new Russell & Bromley shoes, in partnership with Home- start. Jigsaw Babybank served 101 families. FEEDBACK Kelly. "l just want to say a massive thank you to everyone that helps there, you have truly helped us through this tough patch the past few months. My husband was pul on furlough and l am on matemily so things were tougher than normall Your kind donations ofnappies, wipes, clothes and toys made such a drfference. You all do such a great job, thank you so much xx" Supporting Syrlan refugee families "The Lighthouse and Jigsaw have been awesome in supporting our whole school community as we are quite a high nged area and really couldnt do it without the help we gel from you .') Nurture "Ballle weary from raising three children, through Nurture I have reconnected with myself again,. self-care is now part ofmy daily routine and I have a group of friends cheering me on with every positive step I take." Neil. CMA Money Workshop "Everybody should takg these workshops al some point in Iheirlife. I could have done with doing these workshops sooner. l in one who wailed loo long."
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl Julie. CMA Money Workshop "It was enlightening. Charfie, our case study, was a colourful c17aracter and I learnt a lol. I feel calm aboul my money now." LaunchPad. spring 2021 "If I was talking to someone like me who lacked focus and direction then id describe it as life changing. If I was talking lo someone who's aladY in a good position like my friend drew w170's aladY a manager somewhere then id describe it as very useful for evaluating whether you are in the space that's right foryou and truly makes you happy." Back to School, July 2021 "I have recently been rehoused to the area and dony have many friends or a support nelwork so to 17ave this amazing package from back lo school has made me feel so welcomed and supported and is such a massive help as I had no idea how I was going lo afford shoes and unifonn for my children. Thank you for helping me and for making me feel like a good parent by being able to provide for my children. You have put a big smile on my face and there hasn t been much to smile about rentlY., Financial Review The Charity has continued lo expand its activities and also support the work al Emmaus Road Church, achieving a net income of £50,323 in this financial year. The charity receives the majority of its income from donations. These are received from both individuals and other charities or organisations in the fom of cash donations and food donations. The charity also receives grants from Woking Borough Council and private grant making organisalions. The charity had total reseNes of £332,42512021'.£282,1021 al the year end. Of these, £66,705 {2021.' £176,328) are held as restricted funds, £43,13612021'. £81,250) are designated and £4,89512021= £2,751 } are held as fixed assets. The remaining general reserves are £217,68912021.' £21,773}. The general reserves are in excess of the reserves policy and a deficit budget was set for 2022123. ReseThes Policy The Trustees have considered the level of reseNes that they wish lo retain, appropriate lo the charity's needs. This is based on the size of the charity and the level of financial commitments held. The Trustees aim to ensure that the charity will be able to fulfil ils charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees endeavour not lo sel aside funds unnecessarily. In temis of the ETT reserves policy, this is 3 months of staff salaries and essential building operating costs. Risk managem8nt The Trustees actively review the major risks which the charity faces on a regular basis. The main risk identified and the plans to manage them are.. Financial reserves policy not met - the COO monitors the reserve position on a monthly basis and raises concerns and actions with the Chair of trustees as needed Financial income reduces due lo cost of living pressures fundraisers engaged to assist with income generation COO monitors donations monthly. External Strategic the Lighthouse building in Woking is in an area identified for redevelopment- good communication with the council lo ensure plans are known al an eady stage and other premises identified. Fundralslng The Trustees wish lo thank all those who have supported us financially or through donations of items during the year. Our donors are a mixture of individuals, organisations, trusts and churches and without their support we would not be able to do what we do. Fundraising is overseen by the COO, being carried out by staff and volunteers. No professional fundraisers were used during the year. We did not re1ve any complaints regarding our fundraising activities. We are in the process of establishing our fundraising policy and procedures lo ensure best practice in accordance with the Code of Fundraising Practice.
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl Structure, govemance and management Goveming document Emmaus Transformation Trust is a charitable company limited by guarantee and a registered charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under ils Articles of Association, adopted on 21. April 1998. Amended Articles were adopted in Dernber 2021 and at that point the charity became a subsidiary of Emmaus Road Community Church. Recruitment and appointment of new Trustees The Trustees of the Charity are also Directors for the purposes of company law. With the Charity becoming a subsidiary of Emmaus Road Community Church, the ERCC Trustees can appoint up to 5 'Appointed' Trustees. The ETT Trustees can appoint up to a further 4 'Co-OPted' Trustees. All new Trustees are provided with information to help them understand their role. Organisational Structure The Board of Trustees is responsible for the strategic direction of the Charity. They are assisted by a senior stsff management team who lead and oversee the day-to-day running of the Charity. Key management personnel The remuneration of the Charity s key management personnel is set with refence to external market rates where possible las an example, Trussell Trust provide data relating to Foodbank related salaries). Where external market rates are not available, salaries are set with reference to roles which can be set by external rates. Trustees approve all salaries. Public Benefit The Charity acknowledges ils requirement to demonstrate clearly that its objectives or aims must be for the public benefit. The Trustees have paid due regard lo Charity Commission guidan on public benefit when deciding which activities to undertake. The information in this Trustee Report shows that the public have benefilled from the work of the Charity. Plans for future periods The key focus for the Charity going forward is to establish Lighthouses in Guildford and Aldershot where Emmaus Road Community Church have established church congregations. Discussions with Councils in these areas and with private landlords are underway to look to secure buildings which can become Lighthouses and in which various projects can be established lo support people in accordan with the objects of the Charity. Twstees Responsibilities The trustees (who are also dirertors of Emmaus Transformation Trust for the purposes of Company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial ststemenls the Board Is required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial ststemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue ils operations. The Iruslees are responsible for maintaining adequate accounting records which dlsclose with reasonable accuracy at any time the financial position of the charity and which are sufficient lo show and explain the charity's transactions and enable them lo ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the harity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
EMMAUS TRANSFORMATION TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl Disclosure of information to auditors To the knowledge and belief of the Iruslees, there is no relevant information that the charity's auditors are not aware of. The Iruslees have taken all steps necessary to ensure it is aware of any relevant information, and to establish that the charity's auditors are aware of any such information. These acwunts have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. This Report was approved by the Trustees cn 19 Drnber 2022 and signed on their behalf by. Peter Keynes Chair of Trustees
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST Opinion We have audited the financial statements of Emmaus Transformation Trust (the 'charity'l for the year ended 31 March 2022 which corllprise the Slalernenl of Financial Aclivilies, the Balance Sheet, and the notes lo the financial slalements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparab'on is applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the stsle of the charitable company's affairs as al 31 March 2022 and of 115 incoming reSoUrS and application of resources for the year then ended., have been properly prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practi¢e,' and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's respDnsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevanl lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. INe believe that the audit eviden we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have nCluded that the trustees, use of the going COnM basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are aulhorized for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other infomiation The other information comprises the information inclLJded in the annual report, including the trustees, report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other informatlon contained within the annual report. Our opinion on the financial statements does not cover the other informalion and, exp1 to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knoedge obtained in the course of the audit, or otherwise appears to be materially misslaled. If we Identify such material inconsistencies or apparent material misslalements, we are required to 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 misststemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Iruslees, report, which includes the directors, report prepared for the purposes of company law, for the financial year forwhi¢h the financial statements are prepared is conslstent with the financial slalemenls., and the directors, rew)rt included within the trustees, report has been prepared in accordance wth applicable legal requirements. Matters on whi¢h we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, port included with the trustees, report.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST Icontinugd) We have nothing to report in resped of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate and proper accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statemenis are not in agreement with the accounting records and returns,. or rtain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we quIre for our audit., or the trustees were not entitled to prepare the financial ststemenls in accordance with the small companies regime and lake advantage of the small companies exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities slalemenl, the trustees, (who are also the directors of the charitable company for the purposes of company lawl are responsible for the PparatIOn of the financial stslemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees deterrnine is necessary to enable the preparation of financial statements that are free from material misslalement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Emmaus Transformation Trusts, ability to continue as a going Concem, disclosing, as applicable. matters related to going Concem and using the going conrn basis of accounting unless the trustees either intend lo liquidate the company or lo ase operations, or have no realistic alternative bul lo do so. Auditor's responsibilities for the audit of the financial statsments Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalement when it exists. Misststemenls Can arise from fraud or error and are Considered material if, individually or in the aggregate, they Could 8$onablY be expected lo influence the e¢onomi¢ decisions of users taken on the basis of these financial stalemenls. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. Based on our understanding of the charity, we identified that the principal risks of non-compliance with laws and regulations related to financial rewrting legislation and safeguarding regulations and we considered the extent to whi¢h non-complian might have a material effect on the financial slalements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011. We assessed the susceptibility of the charity's financial stalements to material missiatement, including obtaining an understanding of how fraLJd might o¢cur, by making enquiries of management, nsIdering the internal Controls in place and discussion amongst the engagement team. We determined that the principal risks were related lo presentation of separately disclosed items, management override of controls, recognition and valuation of donations in kind and identification of restricted income and expenditure Iransaclions. In response to the risks identified we designed procedures which included, but were not limited lo- agreeing financial slalemenl disclosures lo underlying supporting documenlalion, evaluating the charity, internal controls, reviewing donations in kind processes and verifying restricted transactions with documenlalion. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely il is that we would become aware of non-compliance. Material misslatemenls that arise due to fraud can be harder to delecl than those that arise from error as they may involve deliberate COnalment or collusion.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EMMAUS TRANSFORMATION TRUST Icontinugd) A further description of our responsibilities for the audit of the financial statements is located on the Financial Repong Council's website al.. hlt '.11w.frC.or9.UklaudIt0rsreSponSIb1Il1Ies. This description foms part of our auditorfs report. Othar mattar The ¢harity was not required to have an audit in the prior year therefore the comparative figures are not audited. Use of our report This report is made solely lo the ¢haritsble company's members, as a body, in a¢cordan¢e wth Chapter 3 of Part 16 of the Companies Acl 2006 and regulalions made under that Acl. Our audit work has been undertaken so that we might slate to the charitsble company's members those matters we are required to state to them in an auditors, report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. Paul Newton FCA {Senior Statutory Auditor) for and on behalf ofJacob Cavenagh & Skeet Statutory Auditor Chartered Accountants 5 Robin Hood Lane Sutton Surrey SM12SW 2011212022 Dated.. 10
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EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI BALANCE SHEET AS AT YEAR ENDED 31 MARCH 2022 Restated 2021 2022 Note Fixed Assets Tangible assets- 4,895 2,751 Current Assets Stock Debtors Cash at bank and in hand 41,615 31,540 263 670 336,825 34,019 249 430 283,449 Creditors.. amounts falling due within one year NET CURRENT ASSETS NET ASSETS 327 530 279 351 Funds Unreslricled general fund Unreslricled designated fund Restricted funds 10 10 10 222,584 43,136 24,524 81,250 176328 The charitable company's financial statements have been prepared In accordan with the provisions applicable to companies subject to the small companies regime. Approved by the Directors on,.,. December 2022 and signed on their behalf by.. Peter Keynes Chair of Trustees Reg.company no.03549934 12
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash used in operating activities lal 17,226 175,351 Cash used from Investlng actlvltles Interest income Purchase of tangible fixed assets 10 34 {2,9961 13,0001 Cash provided by {used in} investing activities 2,986 2,966 Cash flows from financing activities Financing activities Cash used in financing activities Increaselldecreasel in cash and cash equivalents in the year 14,240 172,385 Cash and cash equivalents at the start of the year 249,430 77,045 TOTAL cash and cash equlvalents at the end of the year 263,670 249,430 (a) Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2022 2021 Net movement in funds 50,323 852 110} 17,5961 131,5401 5,197 17,226 193,231 249 {341 14,523) 1,769 15,341 175,351 Add back depreciation charge Deduct interest income Ilncrease) in stocks Ilncrease)Idecrease in debtors (Decreasellincrease in creditors Net cash used in operating adivities 13
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 i. Accounting policies a) Basis of preparation The principal accounting policies adopted, judgements and key sources of estimation uncertainly in the preparation of the financial statements are as follows.. The financial statements have been prepared in accordance with 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 1021 (effective 1 January 20191 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Emmaus Transformation Trust meets the definition of a public benefit entity under FRS 102. It is a company limited by guarantee with registered office of The Lighthouse, 8-10 High Street, Woking, Surrey GU216BG. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalements are rounded to the nearest £1. b) Preparation of accounts on a going concem basis There are no material UnrtaInlieS affecting the going concern status of the charity. fj Income Income is included in the Statement of Financial Activities ISOFAI when: the charity becomes entitled lo the income., it is more likely than not that the Iruslees wll receive the resources., and the monetary value can be measured with sufficient reliability. c) Interest recelvable Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity,. this is nomially upon notification of the interest paid or payable by the Bank. d) Grants and Donations Grants and donations are only included in the SOFA when the general income recognition criteria are met15.10 to 5.12 FRS 102 SORPI. e) Tax Reclaims on Donations and Gifts Gift Aid re1vable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is Irealed as an addition lo the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. t) Government Grants The charity has received govemmenl grants in the reporting period. g) Fund accounting Unreslricled funds are available for use al the discretion of the trustees in furtheran of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. 14
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl h) Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met al the year end dale are noted as a commitment bul not accrued as expenditure. i) Operating leases Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease. j) Taxation The charity is exempt from tax on its charitable activities. k)Legal status of the charity The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity. i) Redundancy payments The charity made no redundancy payments during the peritxj. m)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. n) Stock Donations in kind of food are recognized at estimated fair value on receipt al £1.75kg as recommended by the Trussell Trust. o) Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured al the cash or other consideration expected to be received. p) Creditors The charity has creditors which are measured at settlement amounts less any trade distx)unts. q) Tangible Fixed Assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of depreciation and any impairment losses. They are capitalised if they can be used for more than one year and cost over £1,500. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis.. Fixtures and fittings 250kn on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpenditurel for the year. 15
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 l¢ontinuedl 2. INCOME FROM.. Unrestricted Restiided Funds Funds TOTAL 2022 TOTAL 2021 Note al Donations and legacies Gifts, Tithes & Donations Donated Food Gift Aid Tax Rewverable Legacies Grants 71,201 59,438 107,752 3,880 130,639 107,752 8,568 24,152 335,415 234,261 130,950 9,168 4,688 24,152 249,906 2ail 85,509 271,615 349,947 256,579 606,526 645,994 bl Charitable activities Cosy Café 16,930 16,930 78 16,930 16,930 78 cl Investments Interest receivable 10 10 dl Other Trading activities Venue Hire 200 200 200 200 16
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl 28} Analysls of recelpt of grants 2022 2021 5,295 10,000 1,810 9,766 5,000 5,000 341 148,419 2,500 2,000 9,721 2.000 CAF Clolhworf(ers Community Foundation Community Foundation (Jigsaw) Community Foundation (Nurture for Women) Co-op Local Community Fund Emmaus Road Community Church Groundworks GroundWorf(s HMRC Job Retention Scheme Leathersellers Company Lichfield Trust Morrisons Foundation National Lottery Community Fund Neighbourly Community Nurture Th20 Orbis Surrey County Council Surrey County Council Skiplon Building Society The Trussell Trust Woking Borough Council Other small grants 35,000 2,364 187,785 1,125 4,780 9,990 4(XJ 8,893 10,000 7.500 10,000 11,000 2,624 11,834 18,200 65,483 335,415 18,200 3. EXPENDITURE ON Charitable activilies Unrgstrictod Rostricted Funds Funds TOTAL 2022 TOTAL 2021 al Dired Costs Administrative Expenses Advertising & Publiuty Bank Charges Cleaning Costs Cost of Goods Sold Covid-19 Expenses Depreciation Expense Equipment Costs Foodbank and Food Provision Costs Grfts & Donations Health and Safely and DBS Checks Hospilalily and Events 2,615 1,522 721 988 1,469 75 114 755 1,544 822 4,634 71 962 852 10,377 162,318 1,410 3,350 2,551 3,879 71 608 164 6,311 7,657 662 3.350 1,671 354 688 4,066 154,661 748 9,210 249 4,346 145,077 2,915 534 506 880 SUB-TOTAL 26,550 162,341 188,891 168,963
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl 3. EXPENDITURE ON Charitable actimties Unrestricted Restricte TOTAL TOTAL Funds Funds 2022 2021 SUB-TOTAL brought forward ,55 Affiliations, Licences and Subscriptions IT and Website Insurance Kitchen Development Materials and Essential Supplies Outreach Printing, Postage and Stationery and Telephone Projects, Events and Activities Repairs & Maintenance Staff and Volunteer Training and Development Staff Costs Storage Sundry Expenses Supplies and Supply Packs incl Back to School Costs Travel & Subsislen Utility Costs 551 2,945 2,300 647 1,733 1,426 1,198 4,678 3,726 1,774 3,555 3,494 500 6,259 111 5,909 110,792 10,372 673 107,430 8,809 1,154 7,116 1,188 981 2,169 1,068 42,498 10,747 2,716 57,523 10,852 1,072 268,624 15,025 105 276 95,476 173,148 10,529 2,371 12,528 2,371 174 5.186 1,717 3,114 1,951 8,300 1,431 6,127 280,051 286,548 566,599 444,469 bl G0Veman costs Auditors, fee.. audit Independent Examiners Fees Auditors, fee.. accountancy Legal and Professional Fees 4,680 4,680 1,260 2,0(K) 64 2,000 7,146 Total expenditure 18
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl 4 TANGIBLE FIXED ASSETS Furnlture & Equipment Cost Al 1 April 2021 Additions Al 31 March 2022 3,000 Depreciation Al 1 April 2021 Charge for the year Al 31 March 2022 249 852 Net book value Al 31 March 2022 At 31 March 2021 5 STOCK 2022 2021 Donated food 6 DEBTORS 2022 2021 Other debtors 7 CREDITORS 2022 2021 Trade creditors Accruals Other taxes and social security Other creditors 950 6,680 801 864 159 1,260 2,324 355 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL 2022 2021 Gross Wages and Salaries Social security costs Pension costs 249,174 15,144 4,306 104,008 2,271 1,151 The average number of persons employed by the charity during the year was as follows.. 2022 12 2021 10 Activities in fLJrtherance of organisation's objectives 19
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 lcontinuedl 8 STAFF COSTS Icontinuedl In 2022, the charity engaged the services of one self employed person for project work carried out {2021'. up to 7 self employed personnel). No employees received emoluments in excess of £60,000 {2021.. Nil) The key management personnel of the charity comprise the Trustees and Senior Management Team. The total employee benefits (including employer national Insuran and employer pension conlribulionsl of the key management personnel of the charity were £87,785 and are included in the costs above for 2022 bul were paid by the parent charity Emmaus Road Community Church12021.. £01. The charity offers 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 employer contributions payable by the charity lo the fund and amounted lo £4,30612021-£1,151 }. In this financial peri(xl the Charity has not paid any trustees remuneration or benefits nor incurred any trustee expenses. 9 RELATED PARTY TRANSACTIONS In the year the charity has paid remuneration lo related parties to key management personnel IKMPI, for services supplied to the Trust as follows.. Name of related art Related lo Amounts aid or benefit value Remunerati on Expenses and 2022 Total 2021 Total benefits Mrs D Jespersen (Bookkeeping) Mr T Jespersen (Events Management) Mr Z Jespersen (Casual workl Mrs A Buckland Mr E Jespersen IKMPI Mr E Jespersen IKMPI 470 Mr E Jespersen IKMPI Mr A Bu¢kland {KMP} 200 3,236 21,808 21,808 20
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Icontinugd) 10 FUNDS Balance Balan Income 01-Apr-21 Expenditure Transfers 31-Mar-22 Unrestricted funds General Unreslricled Funds General Designated Funds 24,524 81,250 105,774 279,297 (136,8261 {62,1841 1199,0101 55,589 24,070 79,659 222,584 43,136 265,720 279,297 Restricted funds 24n Coaching Back to school Breadmaker Fund CGS 2122 Community Lunch Co Op Local Community Grant DCMS Grant Food Bank ASDA Grace Fund Jigsaw Jigsaw Buggy repair Jigsaw Hub No 11 Nurture Fund Outside Light Refugee Fund Reslricled - ETT projects Reslricled - Foodbank Shine Fund 393 13931 4,624 14,6241 1431 {10,1071 16631 43 9,766 2,238 341 40,804 4,369 6,840 7,533 73 341 50 1,625 341 140,8041 {4,3691 6,840 10,776 44,751 136,3541 (731 14,0001 16,0041 12761 {5.1541 4,000 11381 30 10,009 3,026 90 18,937 71,559 307 176,328 11.932) 12991 1901 131.0211 1,935 2,481 12,084 {232,1191 203,267 42,707 307 179,6591 256,584 1286,5481 66,705 TOTAL FUNDS Purpose of funds Restricted donations were received during the year to fund particular projects and the funds were tilled accordingly. Funds were simplified at the start of the year so there are fewer individual funds listed above. The transfers during the year represent corrections lo fund allocations. Fund comments for 2020121 The transfer out of the Nurture Fund to Geneml Funds of £1,656 was a monthly contribution of £138 towards rent and utilities, as agreed with the donor. Transfers into restricted funds in represent any shortf811 lop up from general unrestricted funds. 21
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Icontinuedl 10 FUNDS Icontinugd) Balance 01-Apr-20 Income Expènse Transfers Balance 31.Mar.21 Unrestricted funds General Unrestricted Funds General Unrestricted Funds (Foodbankl General Designated Funds 3,674 111,432 165,464 185,3451 184,2141 15,2371 24,524 81,250 3,311 6,985 13,3111 18,5481 105.774 276,896 {169,5591 Restri¢tgd Funds 24-7 Coaching Bamsbury Breadmaker Fund CAF Grant CFS- Jigsaw CFS Schools- Jigsaw CGS 2122 Community Lunch Co Op Local Community Grant DCMS Grant Esteem Ahead Food Bank ASDA 393 393 (5141 514 43 14,9381 15,2641 12,1771 4,938 264 2,177 5,000 9,766 9.766 2.238 341 40.804 2,288 1501 341 125,619 184,8151 1401 {9261 40 5,295 4.369 Restrlcted - Foodbank Clolhworks FoodBank Leathers FoodBank Neighbourly Groundwork - Foodbank Surrey CCFB Trussell Trust PPE - Foodbank Woking Foodbank Total Restricted - Foodbank 1,810 2,000 400 500 17,500 {301 11,6171 12861 1451 116,1631 1,780 383 114 455 1,337 220 67,270 71.559 220 63,502 63,502 131,327 153,537 127,559 {145,7001 220 Go Rendang Gra Fund 189 (9551 1601 766 6,900 6,840 Jigsaw Groundwork - Jigsaw Jigsaw National Lottery- Jigsaw Total Jlgsaw 4,000 778 4,995 9,773 (2,8261 11471 4,531 {7,5041 1,174 5.895 464 7.533 5,264 5,264 Jigsaw Buggy repair Morrisons Street Teams Outside Light National Lollery- Foodbank Nurture Fund Refugee Fund Restricted - ETT projects Shine Fund 73 73 4,780 14,8301 3,026 3.026 4,995 13,893 {5,3691 {2,2281 374 11,6561 10,009 90 18.937 307 8,548 176,328 90 36,022 117,0851 307 81,886 369,210 {283,3161 TOTAL FUNDS 22
EMMAUS TRANSFORMATION TRUST IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Icontinuedl 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS Current year Unrestricted Unrestricted Restricted Total Fund Fund {Foodbankl Fund 2022 Tangible assets Nel assets 4,895 61,810 66,705 4,895 327,530 332,425 222,584 222,584 43,136 43,136 Prior year Unrestricted Unrestricted Restricted Fund Fund Fund {Foodbankl Totsl 2021 Tangible assets Net assets 2,751 173,577 176,328 2,751 279,351 282,102 24,524 24,524 81,250 81,250 12 OPERATING LEASE COMMITMENTS The charity has payments due under operating lease commitments which fall due as follows.. 2022 2021 Within 1 year After one year bul within five years 23,593 23,593 13 PARENT CHARITY Emmaus Transformation Trust is a subsidiary of Emmaus Road Community Church IERCCI as ERCC has the power to appoint the majority of the Iruslees of ETT. ERCC is a registered charity based in England with charity number of 1152606 and company nLJmber 08576457. The object of ERCC is lo glorify God by making a measurable difference amongst the poor and the lost throughout the Guildford, Aldershot & Woking. This is achieved through various activities which are detailed in the consolidated accounts, available from The Founders Studio, Millbrook,Guildford Surrey GU1 3UT 14 PRIOR YEAR ADJUSTMENT Food donations received, distributed and held as stock were not included in the prior year's accounts. The prior period's figures have been adjusted as follows.. Per 2021 accounts Adjustment As restated Donation income Charitable expenditure stock of donated food 515,044 326,448 130,950 126,427 645,994 452,875 23