OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-06-30-accounts

Emmaus Bristol and subsidiary

Company Registration No. 03579001 (England and Wales) Charity Registration No. 1071538 (England and Wales)

Trustees’ Report and Financial Statements For the year ended 30 June 2021

EMMAUS BRISTOL

CONTENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Trustees’ Report 2-11
Reference and Administrative Information 12
Independent Examiner’s Report 13
Consolidated Statement of Financial Activities 14-15
Balance Sheets 16-17
Consolidated Statement of Cash Flows 18
Notes to the Financial Statements 19-36

1

EMMAUS BRISTOL

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2021

The Trustees of Emmaus Bristol, who are the members and directors of Emmaus Bristol, present their annual report and financial statements for the year ended 30 June 2021. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102). These statements have been prepared in accordance with the accounting policies set out in Note 2 to the financial statements.

Objectives and Activities

History and Purpose of the Emmaus Movement

The Emmaus movement was founded in France just after the Second World War by Abbé Pierre, a priest and former member of the French Parliament, to combat poverty and homelessness. He began by sharing his presbytery with homeless people, collectively earning enough to live by recycling and selling things that others had thrown away. The movement has grown worldwide and there are now 350 groups in 37 different countries.

Emmaus Bristol is a member of the Emmaus movement through its memberships of Emmaus International, Emmaus Europe and Emmaus UK. The movement seeks to support each individual community through cooperation and association within the wider movement. In the UK, all Emmaus communities are separate charities working on a national strategic plan the expression of which is at a local level.

Emmaus in the UK offers homeless and unemployed people a home, work, companionship and a chance to regain selfrespect, through a number of communities operating as independent incorporated charities. Most communities combine residential accommodation with social enterprises based largely on the collection and sale of donated goods, as well as refurbishment and repairs. Members of each community, known as ‘Companions’, have the opportunity, regardless of ability or skills, to help themselves through work, and thereby rediscover their self-worth and take steps towards their own personal development and re-integration into society.

There are only three conditions for a homeless person joining a community - firstly, to sign off from all benefits with the exception of housing benefit, secondly, not to bring drink or drugs into the community and thirdly, to agree to work to the best of that person’s ability for up to 37.5 hours each week. Each Companion receives food, clothing, shelter and spending money of £40 per week plus a further £10 a week saved for when they leave, plus holiday allowances. Companions also have access to funds for personal development and training.

Charitable Aims and Objects

The principal objectives of the charity are:

The alleviation and relief of poverty, hardship and distress arising therefrom to those in need without distinction by:

2

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

limitation) by the exchange of resources, information and expertise with other Emmaus Communities worldwide.

Strategies for Achieving Objectives

Emmaus Bristol is committed to expand and improve the work that we do to help people out of homelessness and poverty. The strategic objectives 2020-2023 of the charity are:

1. Diversify social enterprises in order to increase and diversify income for the charity and to provide a wider range of work experience for Companions and other unemployed adults.

2. Expand services to provide support to non-resident unemployed and homeless adults.

3. Expand our accommodation to provide spaces for a greater number of Companions and to provide additional move-on housing.

4. Improve move-on to employment and move-on to independent living rates.

5. Maintain or improve our 95% success rate (defined as Companions who maintain their tenancy and/or have a positive move on) in any given year.

6. Use the social enterprises to generate a surplus for the charity above running costs.

7. Increase the numbers of people benefitting from the Business Incubator in order to help more people to set up businesses/ not-for-profits.

The charity operates predominantly from a single office. The policy of the charity is to keep the size of the administration to the minimum necessary to be able to promote actively and deliver its main functions in an effective way. The charity is governed by the Trustees (who meet six times a year) and managed by employees. The charity relies on volunteers; in addition to the Trustees (who are all volunteers) and the Companions, we also have a pool of regular and occasional volunteers who help in many ways such as maintenance, research, finance and supporting Companions.

Activities for Achieving Objectives

3

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Public Benefit

The Trustees are satisfied that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission guidance on public benefit in providing home and work for those who are homeless and destitute under its objects, these being the alleviation of poverty, hardship and distress.

The activities that demonstrate public benefit are to be found in this Trustees’ Report.

Achievements and Performance

Community

At a time of rising homelessness in Bristol and nationally, it is important that we increase the number of homes we provide as well as the range of homes. In May 2021 we gained planning permission for 15 new eco homes on the roof of Backfields House. Average occupancy of companion and companion move-on homes over the year was 83% (93% in 2020 and 100% pre-pandemic in 2019). Seven Companions moved on into safe external or move-on accommodation (seven in 2020) and five gained paid employment externally (two in 2020). Move-on to employment is always difficult and the pandemic makes it more so. A Companion moving out for a minimum wage job would be financially worse off than staying at Emmaus and would face considerably higher risks. The loss of a private rental tenancy is currently the biggest cause of homelessness.

This year we reviewed and improved our system of giving warnings over licence breaches and help for the issues responsible, in order to better support those at risk of eviction. As a result, 94% of Companions and other residents successfully managed their licence agreement and/ or moved on successfully with no-one leaving in chaotic circumstances or being asked to leave, compared to 85% in 2020. We received 43 referrals over the year, from people wanting to live in the Emmaus Bristol community, of which 14 moved in (48 referrals in 2020 of which eight moved in).

Emmaus Bristol uses the Homelessness Outcomes Star as a way for Companions to measure their own progress towards a range of personal objectives. A Companion scores themselves on the following scale: Stuck, Accepting Help, Believing, Learning and Self Reliance. In 2021 50% of outcomes star reviews were scored at the highest levels: Learning and Self Reliance whereas in 2020 it was 45%. The highest scoring category was ‘Offending’ and the lowest ‘Emotional and Mental Health’.

Social Enterprises

The income from shop sales and the provision of other services for the year was £194,434 (2020: £189,385). This £5k (3%) increase in sales continues to reflect the effects of the pandemic, and the need to close our social enterprises for

4

EMMAUS BRISTOL

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2021

a total of 124 days during the year. Though this is disappointing after three years of growth prior to 2020, it has been unavoidable.

Despite the lockdown closing all social enterprises for several months, house clearance sales grew by £12.7k (63%) and reached £32,783 (2020: £20,065) thanks to ongoing advertising and the immense hard work of the house clearance team.

As well as providing an income for the charity, our social enterprises provide work experience, linked training and NVQs and an opportunity to help others, for people who have experienced homelessness. During lockdowns we tried to provide meaningful activities in a safe and compliant way.

Plans for a new social enterprise, two eco holiday pods to be installed by Backfields House, progressed this year with hopes of installation and launch next year. We received planning permission in March 2020 but the pandemic delayed the project significantly. This new enterprise will provide Companions with work experience in tourism, customer service and online bookings.

Business Incubator

The Business Incubator evolved this year. As it closed for the first and some of the successive lockdowns, many enterprises left and didn’t return. Peter Gifford who had led the business incubator as a volunteer for six years stepped down. Without the capacity to actively support start-ups, we relaunched it as affordable office space for start-ups as well as home workers who wanted a space away from home, and more established organisations. Vandna Mehta took on coordination of the space.

The organisations using workspace in the business incubator in the year ending June 2021 were as follows: Arkbound Foundation, Vocalise Bristol, Diverse Artists Network, Interculture, Bristol Horn Youth Concern, Lightbox Theatre and Landsmiths Associates Ltd. Additionally, we provided workshop and office space to Legs 4 Africa and Bristol Beeswax Candles.

The effects of COVID have been significant for the Business Incubator, with it closed during the first lockdown and reduced from 21 to seven desks following the end of the first lockdown in order to provide a COVID-safe working environment. The impact that the pandemic has had on the economy has had devastating effects on many of the enterprises and individuals that we have been supporting.

5

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Volunteers and Donors

The work of Emmaus Bristol would not be possible without the generous amount of time given by, and donations received from, individuals, groups and companies, including the use of a three-bed property, for a peppercorn rent, providing additional accommodation for some of our Companions.

We are particularly grateful to the regular volunteers who gave their time throughout the year and who bring a wealth of skills and experience to help Emmaus Bristol.

Financial Review

The main costs are employee costs, the operating costs of the premises and Companion allowances.

The results for the year are set out on page 14. The net income/expenditure for the year amounted to a deficit of £71,122 (2020: net income £153,778). Total funds at 30 June 2021 amounted to £1,989,378 (2020: £2,060,500).

The expenditure during the year has supported homeless persons to receive a home, training and purposeful activity through the charity and its social enterprises in accordance with its objects. In addition, the charity has further provided business incubator spaces for those who are disadvantaged within Bristol to enable them to start their own businesses. This enables them to overcome disadvantages and reduces the potential for poverty.

Reserves Policy

The group aims to retain adequate reserves to fund both fixed assets and working capital. It is the Trustees’ view that working capital reserves amounting to three months’ expenditure are adequate. The amounts held at 30 June 2021 totalled £1,989,378 (2020: £2,060,500). Of these, free reserves i.e. those not tied up in fixed assets, designated funds or restricted funds, amounted to £243,104 (2020: £245,549); three months’ expenditure (excluding depreciation) at 2021/20 levels is £149,743. As such, we are meeting our reserves policy. With just under 5 months’ reserves we are in a good position to see us through the ongoing economic impact of the pandemic.

Leasehold Commitments

In April 2008 we entered into a lease for 72 Bedminster Parade. Currently, this lease is being renewed on an annual basis from 1 September. We have a five-year lease in respect of our Vintage shop on Gloucester Road, which expires in February 2022. We also continued to benefit from the use of a three-bed dwelling for a peppercorn rent as additional Companion accommodation but this will cease from October 2021. We have peppercorn leases with Bristol City Council for four three-bed houses locally. We have a lease on a 2-bed in St George for which we pay rent based on the LHA rate.

Principal Funding

The charity’s main sources of income have been trading £194,434 (33%) (2020: £189,385 (26%)), rent receivable £176,847 (30%) (2020: £191,250 (26%)), donations and legacies £100,474 (17%) (2020: £130,332 (18%)) and grants £116,104 (20%) (2020: £221,214 (30%)). Trading is at a similar level to last year with further trading days lost to lockdowns. £70k of grants received in 2021 (2020: £63k) were Covid-19 related which has helped to replace lost trading income. £118k of grants received in 2020 related to time limited projects.

Fundraising

During the financial year, Emmaus Bristol did not use third parties for any fundraising on its behalf. The charity accepts donations from individuals, organisations and trusts and keeps in touch with donors with their express permission in

6

EMMAUS BRISTOL

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2021

compliance with the general data protection regulations (GDPR). The charity has not voluntarily subscribed to any fundraising standards or scheme for fundraising regulation. No complaints have been received by the charity in respect of its fundraising activity for the year. Emmaus Bristol protects vulnerable and other persons from undue pressure to donate, unreasonably persistent fundraising and unreasonable intrusion on their privacy by only contacting people we have their consent to, for example sending our newsletter with a donation request to those people who have requested to receive it, and limiting the use of collection tins to our own premises and events being held on our behalf.

Principal Risks and Uncertainties

Principal Risks and Uncertainties
Risk Mitigants and Controls
Health and Safety Regular inspections of all premises and vehicles by a
dedicated staff member.
Regular maintenance of buildings and infrastructure.
Training provided to several staff and Companions in
first aid and fire marshalling and to all workers in safe
lifting.
Annual health and safety audit of the re-use business by
the Reuse Network.
Each referral risk assessed and risk assessment is
updated six weeks after someone moves in and then
following any serious incident. Certain behaviours
flagged in risk assessment necessitate CEO or Trustee
involvement in the referral decision.
Inability to recruit and retain key personnel, including
staff, CEO, Trustees.		 Recruitment and induction process, annual salary
review, salary benchmarking when we create a new role,
benefits package including pension and employee
assistance programme.
Review of staff structure and requirements as part of
business planning.
Skills audit review of Board as part of business planning.
Reputational Key strategic decisions are approved at Board level.
Significant donors are approved at Board level.
Use of Emmaus branding is strictly controlled.
Review conducted following any incidents to understand
and share lessons learned.
Legal/Regulatory Strict adherence to GDPR policies.

7

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Cash reserves held to cover three months’ expenditure
in case of adverse change in income and costs.
Any pipeline proposals to changes to regulatory
framework are reviewed at Board level.
Policies are provided by Emmaus UK and reviewed by
the Board before adopting.
Financial Stability Quarterly management accounts review at Board level.
Quarterly budget re-forecast.
Financial review at each Board meeting.
Expenditure commitments are matched with incoming
funding.
Weekly circulation of sales data and bank balances to
key people.
Review of bank balances to determine the need to
increase protection of funds held.
Budgets for the forthcoming year are submitted and
approved at Board level.
Payments of £1,000 and above require Trustee approval
and two signatories are required for all bank payments.
Expenditure of items over £500 and renewal of contracts
over £500 per annum requires obtaining three quotes
where practicable. In July 2021 both of these thresholds
were increased to £750.
Diverse income streams.
IT Daily backups of data to the cloud as well as twice weekly
server backups.
Ongoing investment in new hardware and software.
Covid-19 Each area of the organisation has been risk assessed and
the risk assessment validated by our insurers.
The risk assessment is regularly updated in team
meetings as guidance and circumstances change.
Our approach has been informed by guidance from
Emmaus, the Charity Retail Association and other
membership organisations we are part of.

8

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Covid-19 has had a significant negative impact on our trading income in 2020/21. To date, loss of trading income has been partly replaced with grant funding, and trading activities are being adapted to be more pandemic-resilient. The risks to service users have been adequately mitigated by ongoing provision of Covid-safe support and activities.

Plans for the Future

2021/22

2021/22 will see our new eco holiday pods installed, after long Covid-related delays and other building complications. Our online sales team will expand, in part in response to changing shopping habits and in part due to online sales being pandemic-resilient. As ever, all new enterprises will provide training and work experience for companions.

With the homelessness crisis showing no sign of abating it is important that we continue to expand the number and types of homes that we provide, and affordable move-on homes remains a priority for us all. In May 2021 we received planning permission for 15 new eco homes on the roof of Backfields House. We continue to explore this and other ways of adding to our housing. We will lose a leased three bed house in October 2021 and this intensifies our need to build or buy our own.

Structure, Governance and Management

Structure of Emmaus Bristol

Emmaus Bristol is a company limited by guarantee. It was incorporated on 10 June 1998 and was registered as a charity on 1 September 1998 (Registered Charity No 1071538). It is part of a national federation of which Emmaus UK is the national legal body. Its governing instrument is its Memorandum of Association dated 30 April 1998.

Decisions of significant matters of both policy and finance are made by the Trustees. Papers are presented to the Board of Trustees by either a Trustee or senior Emmaus staff, and voted upon by the Trustees. Professional advice is sought where appropriate.

Trustees and Directors

The Trustees shown on page 12 have held office since 1 July 2020 to date, other than where indicated.

Emmaus Bristol seeks to provide a sufficient balance of skills to run a charity of its nature. When the need for an additional skill arises, appropriate people are interviewed and their CVs considered. An invitation to come to Trustees meetings for a trial period would then be made in order to provide familiarisation with the ethos of the charity, and in due course a vote would be taken on Trustee appointment. Trustee appointments are subject to review.

Emmaus works on the principles Good Governance : a Code for the Voluntary and Community Sector. All Trustees are asked to familiarise themselves with the code. Trustees are offered governance training either locally or through

9

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Emmaus UK when these become available. All Trustees are encouraged to visit other communities and attend an Emmaus UK induction programme.

Key Management Personnel Remuneration

The Trustees consider that the Board of Trustees and the Chief Executive comprise the key management personnel of the charity in charge of directing, controlling and operating the charity on a day-to-day basis. All Trustees give of their time freely. The pay of all staff including the Chief Executive is reviewed annually by the Trustees, taking into account a number of factors such as the present cost of living index, the financial position of the charity and remuneration for equivalent roles within the charity sector in organisations of a similar size and income.

Subsidiaries

Emmaus Bristol owns 100% of the share capital of Emmaus Bristol (Enterprises) Limited. The principal activity of the company is to provide accommodation for the Companions of Emmaus Bristol but also includes provision of accommodation for other formerly homeless persons and former Companions. During the year the company made a surplus of £55,538 (2020: £71,902). The company made distributions to the charity of £61,902 (2020: £73,965) from current and past profits.

Statement of Trustees’ Responsibilities

The Trustees (who are also directors of Emmaus Bristol for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the income and expenditure, of the charitable company and group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Emmaus Bristol Trustee Board averaged six members during 2020/21. Through active recruitment it is seeking suitable additional Trustees who have a wide range of skills and experience to bring to the charity.

10

EMMAUS BRISTOL

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 JUNE 2021

Management liability including Trustees indemnity provision for up to £2m is included in the total insurance bill.

The Trustees have prepared this report in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board of Trustees on 25 November 2021 and signed on their behalf by:

Richard Parker, Chair

David Spottiswoode, Trustee

11

EMMAUS BRISTOL

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021

Trustees and Directors R I Parker Chair
D M Spottiswoode
R L Moore
M Quinn
J M Ryan
L McCreery
K K Nwaorgu
K E Williams
J Skuce
P M Williams (resigned 24 September 2020)
Chief Executive J Hodge
Company number 03579001
Charity number 1071538
Registered office Backfields House
Upper York Street
Bristol
BS2 8QJ
Independent Examiner Joshua Kingston BSc., ACA
Burton Sweet Limited
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 1UR
Bankers Triodos Bank NV RBS
Deanery Road 36 Baldwin Street
Bristol Bristol
BS1 5AS BS1 1NR
Lloyds Bank Cooperative Bank plc
Business Banking PO Box 101
BX1 1LT 1 Balloon Street, Manchester
M60 4EP
Solicitors DAC Beachcroft LLP
Portwall Place
Portwall Lane
Bristol BS99 7UD

12

EMMAUS BRISTOL (Company Registered Number – 03579001) INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 JUNE 2021

______________

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 25 November 2021

13

EMMAUS BRISTOL (Company Registered Number – 03579001)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account) FOR THE YEAR ENDED 30 JUNE 2021

Notes
Income from:
Donations and legacies
Charitable activities
Investments
Other trading activities
Total income
3
Expenditure on:
Raising funds
Charitable activities
Total expenditure
4
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Total funds brought forward
Total funds carried forward
14,15		 Unrestricted
Unrestricted
General
Designated
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
2021
2021
2021
2021
2020
£
£
£
£
£
85,474
88,564
42,540
216,578
351,546
371,281
-
-
371,281
380,635
25
-
-
25
28
574
-
-
574
2,986
457,354
88,564
42,540
588,458
735,195
13,766
-
-
13,766
13,214
362,297
166,832
116,685
645,814
568,203
376,063
166,832
116,685
659,580
581,417
81,291
(78,268)
(74,145)
(71,122)
153,778
(83,736)
83,736
-
-
-
(2,445)
5,468
(74,145)
(71,122)
153,778
245,549
1,386,410
428,541
2,060,500
1,906,722
243,104
1,391,878
354,396
1,989,378
2,060,500

All activities relate to continuing operations.

All recognised gains and losses are included in the Statement of Financial Activities.

The notes on pages 19 to 36 form part of these financial statements.

14

EMMAUS BRISTOL (Company Registered Number – 03579001)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account)

FOR THE YEAR ENDED 30 JUNE 2021

Comparatives (2020)
Notes
Income from:
Donations and legacies
Charitable activities
Investments
Other trading activities
Total income
3
Expenditure on:
Raising funds
Charitable activities
Total expenditure
4
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Total funds brought forward
Total funds carried forward
14,15		 Unrestricted
Unrestricted
General
Designated
Restricted
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2020
£
£
£
£
119,332
69,654
162,560
351,546
380,635
-
-
380,635
28
-
-
28
2,986
-
-
2,986
502,981
69,654
162,560
735,195
13,214
-
-
13,214
372,470
105,255
90,478
568,203
385,684
105,255
90,478
581,417
117,297
(35,601)
72,082
153,778
(48,080)
74,425
(26,345)
-
69,217
38,824
45,737
153,778
176,332
1,347,586
382,804
1,906,722
245,549
1,386,410
428,541
2,060,500

All activities relate to continuing operations.

All recognised gains and losses are included in the Statement of Financial Activities. The notes on pages 19 to 36 form part of these financial statements.

15

EMMAUS BRISTOL (Company Registered Number – 03579001) BALANCE SHEETS AS AT 30 JUNE 2021

Notes
Fixed assets
Tangible assets
8
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors:amounts falling due
within one year
11
Net current assets
Total
assets
less
current
liabilities
Creditors:amounts falling due
after one year
12
Net assets
Charity Funds
Restricted
Designated
Unrestricted
Total Funds
14,15		 Group
2021
2020
£
£
1,715,800
1,692,672
-
-
1,715,800
1,692,672
32,093
39,485
300,849
397,952
332,942
437,437
(46,864)
(44,609)
286,078
392,828
2,001,878
2,085,500
(12,500)
(25,000)
1,989,378
2,060,500
354,396
428,541
1,391,878
1,386,410
243,104
245,549
1,989,378
2,060,500		 Charity
2021
2020
(restated)
£
£
1,715,800
1,692,672
1,000
1,000
1,716,800
1,693,672
129,443
196,423
186,250
216,746
315,693
413,169
(45,954)
(43,244)
269,739
369,925
1,986,539
2,063,957
(12,500)
(25,000)
1,974,039
2,038,597
354,396
428,541
1,391,878
1,386,410
227,765
223,646
1,974,039
2,038,597		 Charity
2021
2020
(restated)
£
£
1,715,800
1,692,672
1,000
1,000
1,716,800
1,693,672
129,443
196,423
186,250
216,746
315,693
413,169
(45,954)
(43,244)
269,739
369,925
1,986,539
2,063,957
(12,500)
(25,000)
1,974,039
2,038,597
354,396
428,541
1,391,878
1,386,410
227,765
223,646
1,974,039
2,038,597
1,693,672
196,423
216,746
413,169
(43,244)
369,925
2,063,957
(25,000)
2,038,597
428,541
1,386,410
223,646
2,038,597

The notes on pages 19 to 36 form part of these financial statements.

For the year ended 30 June 2021 the charitable company was entitled to exemption from the requirement to have an audit under section 477 of the Companies Act 2006.

16

EMMAUS BRISTOL (Company Registered Number – 03579001) BALANCE SHEETS AS AT 30 JUNE 2021

No notice has been deposited with the company under section 476 of the Companies Act requiring an audit to be carried out. The directors acknowledge their responsibility for:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board on 25 November 2021 and signed on its behalf by:

Richard Parker Chair of Trustees

David Spottiswoode Trustee

17

EMMAUS BRISTOL (Company Registered Number – 03579001) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021

Notes
Net cash provided by (used) in operating activities
18
Cash flows from investing activities
Interest
Proceeds from sale of property, plant and
equipment
Purchase of property, plant and equipment
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 Total
Funds
2021
£
(13,642)
25
250
(83,736)
(83,461)
-
(97,103)
397,952
300,849		 Total
Funds
2020
£
171,526
28
3,000
(48,361)
(45,333)
(696)
125,497
272,455
397,952

Cash flow restrictions: Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own Objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year.

The notes on pages 19 to 36 form part of these financial statements.

18

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. General Information

Emmaus Bristol is a private company limited by guarantee and a registered charity, incorporated in England and Wales. Its registered office is Backfields House, Upper York Street, Bristol BS2 8QJ.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

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 (FRS102) – Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

There are no material uncertainties about the charity’s ability to continue as a going concern, despite the significant uncertainty being caused by the worldwide COVID-19 crisis. Whilst the Trustees expect there to be a significant impact on the charity’s operations and reserves in the coming months and years, the charity has sufficient reserves to be able to meet these challenges.

2.2 Basis of consolidation

The financial statements consolidate the results of the charity and its wholly owned subsidiary, Emmaus Bristol (Enterprises) Limited, on a line by line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. The results of subsidiaries sold or acquired are included in the statement of financial activities up to, or from the date control passes. Intra-group sales and surpluses are fully eliminated on consolidation.

2.3 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds which have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for a specific purpose. The aim and use of each restricted fund is set out in the notes to the financial statements.

19

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Accounting policies (continued)

2.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken at the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor’s decision to make a distribution.

Donated services and facilities are included at the value to the Charity where this can be quantified. No amounts are included in the financial statements for services donated by volunteers.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support and governance costs, which cannot be allocated to an applicable expenditure heading, are allocated in proportions that the Board considers to be a fair estimate of their functional split.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include governance costs which are those costs incurred in connection with the constitutional and statutory requirements.

2.6 Tangible fixed assets and depreciation

Individual items of office furniture and equipment costing under £1,000 (2020: £1,000) are written off. Tangible fixed assets are stated at cost less depreciation. A programme of repairs and refurbishment exists for our property assets designed to maintain the value and quality of such. Impairment reviews of non-property fixed assets are carried out on a regular basis and where significant impairments are identified, the value of the asset is adjusted accordingly. Depreciation is provided from when the asset is brought into use, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on the straight line basis, as follows:

Freehold buildings 50 years Short leasehold improvements length of lease Computer equipment and software 3 years Fixtures and fittings 3 years Motor vehicles 3 years Buildings using Modern Methods of Construction lower of Manufacturer’s stated lifespan and 50 years

20

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

__________

Accounting policies (continued)

2.7 Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered . Prepayments are valued at the amount at which the Charity is expected to benefit in a future period. Bad debt provision – 25% of all debts over 60 days.

2.9 Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. The Charity is registered for VAT. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. 2.13 Stocks

Stocks of donated goods are considered to have no value.

In preparing these financial statements no significant judgements have had to be made by management.

21

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

3.
Income
Donations and legacies
Individual donations and gifts
Corporate donations and gifts
Income tax recoverable
Other grants (see below)
Donations and legacies – prior year
Individual donations and gifts
Corporate donations and gifts
Income tax recoverable
Other grants (see below)
Income from charitable activities
Income from social enterprises
Rent receivable
Investment income
Bank interest
Other trading income
Other income		 Unrestricted
General
Designated
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
2021
2021
2021
2021
2020
£
£
£
£
£
69,075
-
-
69,075
85,398
11,498
5,000
10,000
26,498
35,951
4,901
-
-
4,901
8,983
-
83,564
32,540
116,104
221,214		 Unrestricted
General
Designated
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
2021
2021
2021
2021
2020
£
£
£
£
£
69,075
-
-
69,075
85,398
11,498
5,000
10,000
26,498
35,951
4,901
-
-
4,901
8,983
-
83,564
32,540
116,104
221,214
85,474
88,564
42,540
216,578
351,546
Unrestricted
General
Designated
Restricted
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2020
£
£
£
£
85,398
-
-
85,398
24,951
-
11,000
35,951
8,983
-
-
8,983
-
69,654
151,560
221,214
119,332
69,654
162,560
351,546
Unrestricted
General
Total Funds
Total Funds
Funds
2021
2020
£
£
£
194,434
194,434
189,385
176,847
176,847
191,250
371,281
371,281
380,635
Unrestricted
General
Total Funds
Total Funds
Funds
2021
2020
£
£
£
25
25
28
Unrestricted
General
Total Funds
Total Funds
Funds
2021
2020
£
£
£
574
574
2,986
119,332
371,281
371,281
380,635
Unrestricted
General
Total Funds
Total Funds
Funds
2021
2020
£
£
£
25
25
28
Unrestricted
General
Total Funds
Total Funds
Funds
2021
2020
£
£
£
574
574
2,986

22

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

3. Income (continued)

Other grants
Bristol City Council Retail, Hospitality and
Leisure Grant Fund
Lloyds Bank Foundation
National Lottery Community Fund
Nationwide Colleagues Fund
Coronavirus Job Retention Scheme
Homes England Community Housing Fund
Emmaus UK Emergency Appeal
Emmaus UK Companion Training
Emmaus UK Hygiene & Safety
Nationwide Community Fund
Crisis
TravelWest Employer Grant
Quartet Coronavirus Response Fund		 Unrestricted
Designated Restricted
Funds
Funds
Total
Total
2021
2021
2021
2020
£
£
£
£
45,410
-
45,410
20,000
27,500
-
27,500
45,000
-
14,153
14,153
-
-
10,000
10,000
10,000
8,064
-
8,064
11,455
-
5,585
5,585
50,259
2,590
-
2,590
4,654
-
2,021
2,021
2,683
-
781
781
938
-
-
-
47,658
-
-
-
21,409
-
-
-
2,262
-
-
-
4,896
83,564
32,540
116,104
221,214
Other grants – prior year
Homes England Community Housing Fund
Lloyds Bank Foundation
Nationwide Community Fund
Crisis
Bristol City Council Retail, Hospitality and
Leisure Grant Fund
Coronavirus Job Retention Scheme
Nationwide Colleagues Fund
Quartet Coronavirus Response Fund
Emmaus UK Emergency Appeal
Emmaus UK Companion Training
TravelWest Employer Grant
Emmaus UK Hygiene & Safety		 Unrestricted
Designated Restricted
Funds
Funds
Total
2020
2020
2020
£
£
£
-
50,259
50,259
45,000
-
45,000
-
47,658
47,658
-
21,409
21,409
20,000
-
20,000
-
11,455
11,455
-
10,000
10,000
-
4,896
4,896
4,654
-
4,654
-
2,683
2,683
-
2,262
2,262
-
938
938
69,654
151,560
221,214

23

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

4. Expenditure

Raising funds
Salaries and related costs
Publicity and PR
Charitable activities
Social enterprise
Community
Charitable activities – prior year
Social enterprise
Community
Social enterprise direct costs
Salaries and related costs
Other staff costs
Premises expenses
Motor expenses
Computer supplies and services
Licences & subscriptions
Supplies
Equipment
Telephone
Printing, postage and stationery
Training and other costs
Travel and subsistence
Publicity
Work Spaces
Card machine costs
Ebay & Paypal fees
Waste recycling
Sundry expenses		 Direct costs
£
Allocated
support
costs
£
159,693
81,267
306,896
97,958		 2021
2020
£
£
12,509
11,662
1,257
1,552
13,766
13,214
2021
£
2020
£
240,960
224,455
404,854
343,748
466,589
179,225		 645,814
568,203
Direct costs
£
Allocated
support
costs
£
148,157
76,298
256,476
87,272		 2020
£
224,455
343,748
568,203
2021
2020
£
£
55,782
46,475
195
35
49,926
51,445
10,759
8,368
5,283
6,805
4,254
3,590
11,939
12,242
1,791
176
1,134
1,103
1,234
553
1,107
881
932
2,107
2,449
2,768
5,512
6,951
1,923
1,905
2,754
2,753
2,563
-
156
-
404,633
163,570
159,693
148,157

24

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

4.
Expenditure (continued)
Community direct costs
Salaries and related costs
Other staff costs
Companions’ allowances
Premises expenses
Domestic supplies
Computer supplies
Printing, postage and stationery
Travel and subsistence
Training and other costs
Professional fees
Sundry expenses
Support costs
Salaries and related costs
Other staff costs
Printing, postage and stationery
Travel and subsistence
Computer supplies and services
Depreciation
Subscriptions and publications
Premises expenses
Bank charges and loan interest
Training
Sundry
Legal and professional
Governance
Bad debts		 2021
2020
£
£
91,809
72,368
303
-
69,198
69,822
89,630
60,425
50,832
44,884
853
684
396
886
1,652
1,368
1,627
1,774
216
-
380
4,265
306,896
256,476
2021
2020
£
£
100,732
90,685
969
1,281
502
679
-
484
973
277
60,608
54,912
8,477
6,705
189
273
906
1,487
468
846
1,355
1,627
1,626
1,941
2,366
2,246
54
127
179,225
163,570

25

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

__________

4.
Expenditure (continued)
Depreciation is split:
Building (nonbusiness) 100%/0%
Building (business) 0%/100%
Fixtures and fittings (nonshop)
Fixtures and fittings (shop)
Motor vehicles (other)
Computer software 50%/50%
Caravan 100%/0%
Depreciation is split –prior year:
Building (nonbusiness) 100%/0%
Building (business) 0%/100%
Fixtures and fittings (nonshop)
Fixtures and fitting (shop)
Motor vehicles (other)
Computer software 50%/50%
Caravan 100%/0%
Governance costs (all unrestricted)
Independent examiner’s fee
Accountancy and bookkeeping
Filing fee		 Community
£
Social
Enterprise
£
32,215
-
-
20,857
5,441
-
-
590
994
511
-
-
-
-		 Total
2021
£
Total
2020
£
32,215
26,943
20,857
20,857
5,441
4,823
590
779
1,505
362
-
304
-
844
38,650
21,958		 60,608
54,912
Community
£
Social
Enterprise
£
26,943
-
-
20,857
4,823
-
-
779
181
181
152
152
844
-		 Total
2020
£
26,943
20,857
4,823
779
362
304
844
54,912
2021
2020
£
£
1,950
1,860
390
360
26
26
32,943
21,969
2,366
2,246

5. Result for the financial year The charity’s surplus/(deficit) for the financial year is as follows:

2021 2020
£ £
(64,557) 155,840

26

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

__________ 6. Staff Costs

Staff costs were as follows:

Wages and salaries
Social Security costs
Other pension costs		 2021
£
232,777
14,351
13,704
260,832		 2020
£
199,467
11,750
9,973
221,190

The average monthly number of employees was 11 (2020: 9) and the average number of full time equivalent employees during the year was as follows:

Support
Community
Social enterprise		 2021
No
3.0
3.3
2.2
8.5		 2020
No
2.4
2.7
1.8
6.9

No employee earned more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £48,691 (2020: £48,455), including employer’s national insurance and employer’s pension contributions.

7. Trustees remuneration

No payments were made for Trustee remuneration and no expenses were paid in respect of costs incurred by Trustees (2020: £nil). Trustees’ indemnity insurance up to £2m is included in the company’s total insurance bill for the current year. During the year, Trustees made donations totalling £125 (2020: £506).

27

EMMAUS BRISTOL

(Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

__________ 8. Tangible fixed assets

Group and company

Freehold
Leasehold
Shaftesbury
House
Backfields
House
Backfields
House Roof
Development
Bristol City
Council
Properties
Computer
Equipment
Fixtures &
Fittings
Motor
Vehicles
Other Assets
Total
Cost £
£
£
£
£
£
£
£
£
At 1 July 2020 977,730
1,042,842
20,919
119,533
10,474
71,734
32,129
2,696
2,278,057
Additions -
-
33,959
14,129
5,049
16,584
12,265
1,750
83,736
Disposals -
-
-
-
-
(1,637)
(9,700)
-
(11,337)
At 30 June 2021 977,730
1,042,842
54,878
133,662
15,523
86,681
34,694
4,446
2,350,456
Depreciation
At 1 July 2020 331,535
133,222
-
9,457
10,474
69,656
31,041
-
585,385
Charge 19,555
20,857
-
12,660
-
6,031
1,505
-
60,608
Disposals -
-
-
-
-
(1,637)
(9,700)
-
(11,337)
At 30 June 2021 351,090
154,079
-
22,117
10,474
74,050
22,846
-
634,656
Net book value
At 30 June 2021 626,640
888,763
54,878
111,545
5,049
12,631
11,848
4,446
1,715,800
At 30 June 2020 646,195
909,620
20,919
110,076
-
2,078
1,088
2,696
1,692,672

28

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

9. Fixed asset investments

Fixed asset investments
Company Shares in
group
undertakings
£
Cost
Balance at 1 July 2020 and at 30 June 2021 1,000

In the opinion of the directors, the aggregate value of the company’s investment in subsidiary undertakings is not less than the amount included in the balance sheet.

Holdings of more than 20%

The company holds more than 20% of the share capital of the following company:

Company Country of Shares held
registration or
incorporation
Class %
Subsidiary undertakings
Emmaus Bristol (Enterprises) Limited England Ordinary 100
Company Registered Number - 04889148

The principal activity of these undertakings for the last relevant financial year was as follows:

Principal activity

Emmaus Bristol (Enterprises) Limited Providing accommodation to the Companions of Emmaus Bristol

29

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

9. Fixed asset investments (continued)

Statement of Comprehensive Income for the year ended 30 June 2021 for the subsidiary which is included in the consolidation.

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit
Taxation
Total comprehensive income for the
year
Retained profit brought forward
Distribution to Emmaus Bristol
Retained profit carried forward
Share Capital
10.
Debtors
Trade debtors
Amounts owed by group
undertakings
Prepayments and accrued income
Other debtors		 Emmaus Bristol
(Enterprises)
Limited
2020
£
£
127,005
142,514
(62,500)
(62,500)
64,505
80,014
(9,167)
(8,112)
55,338
71,902
-
-
55,338
71,902
21,902
23,965
77,240
95,867
(61,902)
(73,965)
15,338
21,902
1,000
1,000
Group
Charity
2021
2020
2021
2020
£
£
£
£
11,074
11,508
5,693
6,147
-
-
102,731
162,300
14,180
15,028
14,180
15,028
6,839
12,949
6,839
12,949
32,093
39,485
129,443
196,424		 Emmaus Bristol
(Enterprises)
Limited
2020
£
£
127,005
142,514
(62,500)
(62,500)
64,505
80,014
(9,167)
(8,112)
55,338
71,902
-
-
55,338
71,902
21,902
23,965
77,240
95,867
(61,902)
(73,965)
15,338
21,902
1,000
1,000

30

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

11 Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
Taxes, social security costs and pension
contributions payable
Other creditors
Loans		 Group
Charity
2021
2020
2021
2020
£
£
£
£
15,212
27,211
14,302
25,845
12,642
6,993
12,642
6,993
4,035
3,234
4,035
3,235
2,475
7,171
2,475
7,171
12,500
-
12,500
-
46,864
44,609
45,954
43,244

12. Creditors: amounts falling due after one year

Group Charity
2021 2020 2021 2020
£ £ £ £
Other loans 12,500 25,000 12,500 25,000

Other loans comprise an unsecured loan from Emmaus UK charged at 4% fixed rate of interest per annum and repayable by 30 November 2022. Both interest and repayment continued to be paused in the financial year ending 30 June 2021 due to the pandemic.

13. Pension commitments

The assets of the defined contribution pension scheme run by a third party provider are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to this scheme. No amounts were due at the year end.

2021 2020
£ £
Contributions payable by the group for the year 13,705 9,973

31

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

________
14.
Statement of movement in funds
Balance
1 July 2020
£
Unrestricted Funds
Designated Funds
General Fixed Asset Fund
1,341,148
Lloyds Foundation 2020
11,250
BCC Retail, Hospitality &
Leisure Grant Fund
-
Coronavirus Job Retention
Scheme
-
EUK Emergency Appeal
-
Nationwide Community
Fund
26,345
Holiday Pods
-
Ethical
7,667
1,386,410
General Fund
245,549
1,631,959
Restricted Funds
European Regional
Development Fund
351,525
Homes England
29,333
Crisis UK
21,409
National Lottery Covid grant
-
Minibus Appeal
-
BrisDoc
-
Renovation Appeal 20-21
8,019
Holiday Pods
15,204
Emmaus UK
1,429
Other
1,622
428,541
Total Funds
2,060,500		 _____
Income
£
-
27,500
45,410
8,064
2,590
-
5,000
-
88,564
457,354
545,918
-
5,585
-
14,153
15,000
5,000
-
-
2,802
-
42,540
588,458		 __
Expenditure
£
(52,548)
(31,875)
(45,410)
(8,064)
(2,590)
(26,345)
-
-
(166,832)
(376,063)
(542,895)
(8,060)
(34,918)
(21,409)
(14,153)
(12,265)
(5,000)
(8,019)
(9,300)
(3,561)
-
(116,685)
(659,580)		 _
Transfer
£
83,736
-
-
-
-
-
-
-
83,736
(83,736)
-
-
-
-
-
-
-
-
-
-
-
-
-
Balance
30 June
2021
£
1,372,336
6,875
-
-
-
-
5,000
7,667
1,391,878
243,104
1,634,982
343,465
-
-
-
2,735
-
-
5,904
670
1,622
354,396
1,989,378

The general fund at 30 June 2021 is for the general purposes of the charity.

The designated fixed asset fund comprises the transfer from unrestricted donations for the purchase of Shaftesbury House and Backfields House together with an amount from general funds for the balance of the purchase price and the net book value of all other fixed assets.

32

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Other designated funds include:

Restricted funds include:

33

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Statement of movement in funds – prior year

Balance Income Expenditure Transfer Balance
1 July 2019 30 June
2020
£ £ £ £ £
Unrestricted Funds
Designated Funds
General Fixed Asset Fund 1,339,919 - (46,851) 48,080 1,341,148
Lloyds Foundation 2020 - 45,000 (33,750) - 11,250
BCC Retail, Hospitality & - 20,000 (20,000) - -
Leisure Grant Fund
EUK Emergency Appeal - 4,654 (4,654) - -
Nationwide Community - - - 26,345 26,345
Fund
Ethical 7,667 - - - 7,667
1,347,586 69,654 (105,255) 74,425 1,386,410
General Fund 176,332 502,981 (385,684) (48,080) 245,549
1,523,918 572,635 (490,939) 26,345 1,631,959
Restricted Funds
European Regional
Development Fund 359,585 - (8,060) - 351,525
Homes England - 50,259 (20,926) 29,333
Nationwide Community - 47,658 (21,313) (26,345) -
Fund
Crisis UK - 21,409 - - 21,409
Coronavirus Job Retention - 11,455 (11,455) - -
Scheme
Quartet Community - 4,896 (4,896) - -
Foundation
Renovation Appeal 20-21 - 21,000 (12,981) - 8,019
Social Investment Business 13,650 - (329) - 13,321
Enterprise Development
Grant
Emmaus UK 710 3,621 (2,902) - 1,429
Lloyds Bank Foundation 3,750 - (3,750) - -
2016
Renovation Appeal 18-19 2,815 - (2,815) - -
Other (restated) 2,294 2,262 (1,051) - 3,505
382,804 162,560 (90,478) (26,345) 428,541
Total Funds 1,906,722 735,195 (581,417) - 2,060,500

34

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

__________ 15. Analysis of net assets between funds

General
fund
£
Tangible fixed assets
-
Other net assets
243,104
Net assets
243,104
Analysis of net assets between funds – prior year
General
fund
£
Tangible fixed assets
-
Other net assets
245,549
Net assets
245,549		 Designated
fund
£
1,372,336
19,542
1,391,878
Designated
fund
£
1,386,410
-
1,386,410		 Restricted
fund
£
343,464
10,932
354,396
Restricted
fund
£
306,262
122,279
428,541		 Total
£
1,715,800
273,578
1,989,378
Total
£
1,692,672
367,828
2,060,500

16. Financial commitments

At 30 June 2021 the company had total commitments under non-cancellable operating leases as set out below:

Payments due:
Within a year
Between two and
five years
Over 5 years		 Land and buildings
2021
£
2020
£
9,650
16,805
-
8,750
-
-
9,650
25,555		 Other assets
2021
£
2020
£
5,858
4,581
13,130
13,394
-
2,912
18,988
20,887		 Total
2021
£
2020
£
15,508
21,386
13,130
22,144
-
2,912
28,638
46,442		 Total
2021
£
2020
£
15,508
21,386
13,130
22,144
-
2,912
28,638
46,442
46,442

17. Related party transactions

The company is exempt under the terms of FRS 102 para 33.11, ‘Disclosure of related party transactions’, from disclosing related party transactions with its wholly owned subsidiary Emmaus Bristol (Enterprises) Limited. There have been no other related party transactions in the year other than those already disclosed in these financial statements.

35

EMMAUS BRISTOL (Company Registered Number – 03579001) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

18. Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the reporting period
(as per the statement of financial activities)
Adjustments for:
Depreciation
Interest from investments
Interest paid on loan
Loss/(Profit on sale of fixed assets)
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of changes in cash flow during the year
Cash at bank and in hand
Cash at bank and in hand		 2021
£
(71,122)
60,608
(25)
-
(250)
7,392
(10,245)
(13,642)
2021
£
300,849
2020
£
397,952		 2020
£
153,778

54,912
(28)
696
(2,719)
15,554
(50,667)

171,526

2020
£
397,952

2019
£
272,455

36