Company no. 03579001 Charity no. 1071538
## **Emmaus Bristol**
# **Report and Unaudited Financial Statements**
**30 June 2022**
## **Emmaus Bristol**
## **Reference and administrative details**
## **For the year ended 30 June 2022**
**Company number** 03579001 **Charity number** 1071538 **Registered office and** Backfields House **operational address** Upper York Street Bristol BS2 8QJ **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
||R Parker|Chair|
|---|---|---|
||D Spottiswoode||
||R Moore||
||M Quinn||
||J Ryan|Resigned 17 August 2022|
||L McCreery||
||K Nwaorgu||
||K Williams|Resigned 21 August 2022|
||J Skuce||
|**Chief executive officer**|J Hodge||
||X Carey (Interim)|From 1 September 2022|
|**Bankers**|Triodos Bank NV|Lloyds Bank|
||Deanery Road|Business Banking|
||Bristol|BX1 1LT|
||BS1 5AS||
||Cooperative Bank plc||
||PO Box 101||
||1 Balloon Street||
||Manchester||
||M60 4EP||
|**Solicitors**|DAC Beachcroft LLP||
||Portwall Place||
||Portwall Lane||
||Bristol||
||BS99 7UD||
|**Independent examiner**|Joshua Kingston BSc ACA||
||Burton Sweet Limited||
||The Clock Tower||
||Old Weston Road||
||Flax Bourton||
||Bristol||
||BS48 1UR||
1
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
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 2022. 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 1 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 425 groups in 41 different countries: emmaus-international.org/en/who-we-are/.
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 exists to provide hope and a sense of belonging to those who have experienced poverty and homelessness. The Emmaus mission is to empower people affected by homelessness and poverty to change their lives for the better, whilst using their voice to achieve social change.
In the UK, communities operate as independent incorporated charities. Most communities combine residential accommodation with primary purpose 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 meaningful 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 contribute, 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.
2
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
## **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:
- The provision of accommodation, or assistance in such provision, for the poor and homeless in the Bristol area and such other places as may seem appropriate from time to time;
- The provision of education, training and employment training for such persons with the purpose of developing skills to enable them to gain employment;
- The support of the work of other Emmaus Communities or other agencies in the relief of poverty and homelessness, whether in the United Kingdom or elsewhere in the world and in particular (without limitation) by the exchange of resources, information and expertise with other Emmaus Communities worldwide; and
- The fulfilling of such other purposes as may from time to time be recognised by English Law as being charitable and which the Charity shall from time to time determine.
## **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 for 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; and
- 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.
3
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
## **Activities for Achieving Objectives**
- Housing: Emmaus Bristol has 21 en-suite rooms in Shaftesbury House (owned by Emmaus Bristol); a two-bed house in St George owned by a private landlord and leased to us at LHA rate; four three-bedroom houses owned by Bristol City Council and leased to us on a ten-year peppercorn lease from Bristol City Council. Our total number of bedrooms is now 35.
- Work experience: Companions have had various roles in our social enterprises over the year - retail assistant, driver, driver’s mate, warehousing, administration, scheduling, online sales, maintenance, cooking, cleaning and portable appliance testing and furniture upcycling. In addition, we work with West of England Works, other agencies and local businesses to provide employment skills and work experience externally.
- Providing tailored support for Companions based on their individual needs; this has included addiction support, counselling, external training, in-work support and other internal opportunities such as having a specific, valued role within Emmaus.
- The Business Incubator, provides shared office space and business support to start-up social enterprises, charities and not-for-profit businesses.
- Social enterprises: three shops and an eBay store selling donated second hand furniture and clothing, a house clearance service and a holiday accommodation enterprise.
- Solidarity is an important part of the ethos of Emmaus and our activities this year include the provision of ‘pay-what-you-can-afford’ furniture for those in need, volunteering externally and fundraising for Emmaus International’s charitable projects, as well as being able to provide 30% of our available solidarity occupancy (2 places available per month in total) in support of individuals without access to housing benefit.
## **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 95% (83% in 2021 and 100% pre-pandemic in 2019). 5 Companions moved on into safe external or move-on accommodation (seven in 2021) and 3 gained paid employment externally (five in 2021). Move-on to employment is always difficult and the pandemic made 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 and in September 2021 we lost one of our peppercorn rent, three-bed properties due to the property owner needing to sell.
4
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
Last 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, this year 99% 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% prior to these changes in 2020. We received 44 referrals over the year, from people wanting to live in the Emmaus Bristol community, of which 5 moved in (43 referrals in 2021 of which 14 moved in). This reflects the challenge of move on in Bristol, with few opportunities for companions to move out due to high rents and insecure jobs.
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. This year, 65% of outcomes star reviews were scored at the highest levels. In 2021 it was 50%. The highest scoring category was 'Mental Health' and the lowest ‘Motivation & Taking Responsibility’. This reflects the significant work done to support individuals navigate the after effects of the pandemic on their mental health.
## **Social Enterprises**
The income from shop sales and the provision of other services for the year was £284,999 (2021: £194,434). This 47% increase in sales reflects the effects of reopening our shops post-pandemic lockdowns in the previous year.
At the end of this year, we reviewed the way in which we manage our Warehouse income processes as this income stream did not see the strong growth we had predicted. Overall, Warehouse income was £34,194 (2021: £32,783).
Our social enterprises are primary purpose, so as well as generating an income for the charity, they provide work experience, linked training, structure and an opportunity to help others, for people who have experienced homelessness.
Our latest enterprise, two eco holiday pods, have now been installed and are already generating income.
## **Business Incubator**
The Business Incubator continues to offer affordable office space for grass roots charity Babassa as well as international medical aid charity Legs for Africa and local organisation Bristol Energy Network.
## **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.
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.
5
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
The results for the year are set out on page 13. The net income for the year amounted to a surplus of £3,424 (2021: deficit £71,122). Total funds at 30 June 2022 amounted to £1,992,802 (2021: £1,989,378).
The current cost of living crisis is impacting dramatically on our available financial resources with heat, energy and lighting bills increasing by more than £17,500 (62%) on last year due to price changes.
The cost of construction/building work and materials is also impacting on us with major repairs required at the main community house as well as at several of our leased properties.
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 objectives. In addition, the charity has further provided affordable business incubator spaces for those who are disadvantaged within Bristol to enable them to start and/or maintain their own businesses.
## **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 2022 totalled £1,992,802 (2021: £1,989,378). Of these, restricted funds amounted to £366,353 (2021: £354,396). Designated funds amounted to £1,454,591 (2021: £1,391,878), of these, £1,421,608 relate to the net book value 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. This designated fund will be spent down over the useful life of the assets. £20,625 is held in designated funds as income from Lloyds Bank Foundation and will likely be spent down over the next 12 months. Free reserves i.e. those not tied up in fixed assets, designated funds or restricted funds, amounted to £171,859 (2021: £243,104). Three months’ expenditure (excluding depreciation) at 2022/21 levels is £159,773, as such, we are meeting our reserves policy.
## **Leasehold Commitments**
In April 2008 we entered into a lease for 72 Bedminster Parade. This lease is now running on a rolling one month basis, as is the lease for our shop on Gloucester Road. 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 social enterprise income £284,999, 40% (2021: 194,434, 33%), rent receivable £210,606, 30% (2021: £176,847, 30%), donations £92,022, 13% (2021: £100,474 17%) and grants £124,195 17% (2021: £116,104 (20%). Social enterprise income has increased on last year, however, donations and have fallen by 8%.
6
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
## **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 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**
|**Risk**|**Mitigants and Controls**|
|---|---|
|Health and Safety|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.
Regular inspections of all premises and vehicles by a dedicated staff
member.|
|Inability
to
recruit
and
retain
key
personnel,
including
staff,
CEO,
Trustees.|Review of staff structure and requirements as part of business planning.
Skills audit review of Board aspart of businessplanning.
Recruitment
and
induction
process,
annual
salary
review,
salary
benchmarking when we create a new role, benefits package including
pension and employee assistance programme.|
|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.|
7
## **Emmaus Bristol**
## **Report of the trustees**
|**For the year ended 30 June 2022**|**For the year ended 30 June 2022**|
|---|---|
|||
|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.
Diverse income streams.
Payments of £1,000 and above require Trustee approval and two
signatories are required for all bank payments.
Expenditure of items over £750 and renewal of contracts over £750 per
annum requires obtaining three quotes where practicable. Both of these
are being reviewed in the financial year 2022/23 and will be increased to
reflect the increasing cost and demand for building and maintenance
work. Staff and Trustee approval is still required.
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.|
|Cost
of
Living:
energy
price increases.|Contract reviews undertaken annually, or in advance of contract end
date, and used to inform budget.
Cost of energy usage to be discussed with Companions and staff with
energy
saving
behaviours
encouraged
through
greater
information/awareness.
EPC and other professional surveys carried out to ascertain potential
energysavingworks to improve ShaftsburyHouse.|
|IT|Ongoinginvestment in new hardware and software.
Daily backups of data to the cloud as well as twice weekly server
backups.|
8
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
|Covid-19|Our newest enterprise, the Eco Pods, has been developed as a contact-
free enterprise to mitigate againstpotential virus outbreaks.
Each area of the organisation has been risk assessed and the risk
assessment validated by our insurers. Whilst these are no longer
required or enforced by law, we continue to follow sensible guidance
around maintaining distance from those with symptoms and encourage
all staff, volunteers and companions not to come to work if they are
experiencing symptoms.
Our approach has been informed by guidance from Emmaus, the Charity
Retail Association and other membership organisations we are part of.
The risks to service users have been adequately mitigated by ongoing
provision of Covid-safe support and activities.|
|---|---|
## **Plans for the Future**
Our plans for the next five years include working to:
- Build or acquire more new homes for people in housing need;
- Transform our social enterprises to provide a higher level of training and support to Companions;
- Provide work experience and training opportunities to others in need of work skills; non-residential Companions;
- Restructure our staff and board team and improve decision making and governance processes in order to support our growth; and
- Build on the structured support work developed over the last four years by moving towards an organisation-wide trauma informed approach.
## **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 15 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 1 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.
9
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
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 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 £74,248 (2021: £55,338). The company made distributions to the charity of £55,338 (2021: £61,902) from current 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 group for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- ▪ state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
10
## **Emmaus Bristol**
## **Report of the trustees**
## **For the year ended 30 June 2022**
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Burton Sweet Limited were re-appointed as independent examiners to the group and parent charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 9 March 2023 and signed on their behalf by
Richard Parker - Chair of Trustees
David Spottiswoode - Trustee
11
## **Emmaus Bristol**
## **Independent examiner's report**
## **For the year ended 30 June 2022**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
## **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 am 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:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- 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
- 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.
Date: 9 March 2023
Joshua Kingston BSc ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
12
## **Emmaus Bristol**
**Consolidated statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 30 June 2022**
|Restricted
Note
£
**Income from:**
Donations and grants
3
22,751
Charitable activities
4
-
Other trading activities
5
-
Investments
-
**Total income**
22,751
**Expenditure on:**
Raising funds
-
Charitable activities
11,901
**Total expenditure**
7
11,901
**Net income / (expenditure)**
10,850
Transfers between funds
19
1,107
**Net movement in funds**
8
11,957
**Reconciliation of funds:**
Total funds brought forward
19
354,396
**Total funds carried forward**
19
366,353|Unrestricted
£
193,466
495,605
2,126
12
691,209
15,510
683,125
698,635
(7,426)
(1,107)
(8,533)
1,634,982
1,626,449|**2022**
**Total**
**£**
**216,217**
**495,605**
**2,126**
**12**
**713,960**
**15,510**
**695,026**
**710,536**
**3,424**
**-**
**3,424**
**1,989,378**
**1,992,802**|2021
Total
£
216,578
371,281
574
25|
|---|---|---|---|
||||588,458|
||||13,766
645,814|
||||659,580|
||||(71,122)
-|
||||(71,122)
2,060,500|
||||1,989,378|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the accounts.
See note 2 for fund accounting comparative figures.
The notes on pages 17 to 34 form part of these financial statements.
13
## **Emmaus Bristol**
## **Consolidated balance sheets**
## **As at 30 June 2022**
|Note
**Fixed assets**
Tangible assets
11
Investments
**Current assets**
Debtors
14
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year 15
**Net current assets**
**Total assets less current liabilities**
16
**Net assets**
18
**Funds**
19
Restricted funds
Unrestricted funds
Designated funds
General funds
**Total charity funds**
Creditors: amounts falling due after more
than 1 year|**The group**
**2022**
**£**
**1,757,013**
**-**
**1,757,013**
**33,948**
**259,033**
**292,981**
**(57,192)**
**235,789**
**1,992,802**
**-**
**1,992,802**
**366,353**
**1,454,591**
**171,858**
**1,992,802**|The group **The charity**
2021
**2022**
£
**£**
1,715,800
**1,757,013**
-
**1,000**
1,715,800
**1,758,013**
32,093
**43,619**
300,849
**212,746**
332,942
**256,365**
(46,864)
**(55,823)**
286,078
**200,542**
2,001,878
**1,958,555**
(12,500)
**-**
1,989,378
**1,958,555**
354,396
**366,353**
1,391,878
**1,454,591**
243,104
**137,611**
1,989,378
**1,958,555**|The charity
2021
£
1,715,800
1,000|
|---|---|---|---|
||||1,716,800|
||||129,443
186,250|
||||315,693
(45,954)|
||||269,739|
||||1,986,539
(12,500)|
||||1,974,039|
||||354,396
1,391,878
227,765|
||||1,974,039|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
14
## **Emmaus Bristol**
## **Consolidated balance sheets**
## **As at 30 June 2022**
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 9 March 2023 and signed on their behalf by
Richard Parker - Chair of Trustees
David Spottiswoode - Trustee
The notes on pages 17 to 34 form part of these financial statements.
15
## **Emmaus Bristol**
## **Consolidated statement of cash flows**
## **For the year ended 30 June 2022**
|**Cash used in operating activities:**
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Loss / (profit) on the sale of fixed assets
Decrease / (increase) in debtors
Increase / (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Decrease in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2022**
**£**
**3,424**
**71,445**
**(12)**
**113**
**(1,855)**
**(2,172)**
**70,943**
**12**
**250**
**(113,021)**
**(112,759)**
**(41,816)**
**300,849**
**259,033**|2021
£
(71,122)
60,608
(25)
(250)
7,392
(10,245)|
|---|---|---|
|||(13,642)|
|||25
250
(83,736)|
|||(83,461)|
|||(97,103)
397,952|
|||300,849|
## **Cash flow restrictions**
Charity law forbids 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 17 to 34 form part of these financial statements.
16
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
**1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Emmaus Bristol meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Group accounts**
These financial statements consolidate the results of the charitable company and its whollyowned (controlled) subsidiary on a line by line basis. Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two companies are disclosed in the notes of the charitable company's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.
## **c) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **d) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of provision of housing is deferred until criteria for income recognition are met.
## **e) Interest receivable**
- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
17
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **1. Accounting policies (continued)**
## **f) Funds accounting**
- Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to charitable activities.
## **i) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
|Freehold property|50 years|
|---|---|
|Leasehold property|10 years|
|Computer equipment|3 years|
|Fixtures and fittings|3 years|
|Motor Vehicles|3 years|
|Holiday pods|3 years - 30 years|
Items of equipment are capitalised where the purchase price exceeds £1,000.
## **j) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **k) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l) Creditors**
Creditors and provisions are recognised where there is 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.
18
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
**1. Accounting policies (continued)**
## **m) Financial instruments**
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **n) Pension costs**
The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **o) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note i) above.
## **p) Leases**
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
19
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations
Charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**3.**
**Income from donations and grants**
Individual donations
Corporate donations
_Grants_
Lloyds Bank Foundation
Emmaus UK
Nisbet Trust
Enterprise Development Fund
Quartet
Bristol City Council (note 6)
Charityworks
Albert Hunt
Grants < £1,000
Coronavirus Job Retention Scheme (note 6)
Gift aid
**Total income from donations and grants**
**Net income / (expenditure) and net**
**movement in funds**|Restricted
£
£
42,540
174,038
-
371,281
-
574
-
25
42,540
545,918
-
13,766
116,685
529,129
116,685
542,895
(74,145)
3,023
Restricted
£
£
-
69,608
-
14,043
-
27,500
6,851
18,067
-
22,500
15,900
-
-
10,000
-
9,148
-
6,076
-
5,000
-
1,500
-
1,653
-
8,371
22,751
193,466
Unrestricted
Unrestricted|**2021**
**Total**
**£**
**216,578**
**371,281**
**574**
**25**|
|---|---|---|
|||**588,458**|
|||**13,766**
**645,814**|
|||**659,580**|
|||**(71,122)**|
|||**2022**
**Total**
**£**
**69,608**
**14,043**
**27,500**
**24,918**
**22,500**
**15,900**
**10,000**
**9,148**
**6,076**
**5,000**
**1,500**
**1,653**
**8,371**|
|||**216,217**|
20
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
|**3.**
**Income from donations and grants (continued)**
**Prior period comparative:**
Restricted
£
£
Individual donations
-
69,075
Corporate donations
10,000
16,498
Grants
Bristol City Council (note 6)
-
45,410
Lloyds Bank Foundation
-
27,500
National Lottery Community Fund (note 6)
14,153
-
Nationwide Colleagues Fund
10,000
-
Homes England Community Housing Fund
5,585
-
Emmaus UK
2,802
2,590
Coronavirus Job Retention Scheme (note 6)
-
8,064
Gift aid
-
4,901
**Total income from donations and grants**
42,540
174,038
**4.**
**Income from charitable activities**
**2022**
Restricted
**Total**
£
£
**£**
Social enterprises income
-
284,999
**284,999**
Rent receivable
-
210,606
**210,606**
**Total income from charitable activities**
-
495,605
**495,605**
Unrestricted
Unrestricted|2021
Total
£
69,075
26,498
45,410
27,500
14,153
10,000
5,585
5,392
8,064
4,901|
|---|---|
||216,578|
||2021
Total
£
194,434
176,847|
||371,281|
All income from charitable activities in the prior year was unrestricted.
**5. Income from other trading activities**
|Other income|Restricted
£
£
-
2,126
Unrestricted|**2022**
**Total**
**£**
**2,126**|2021
Total
£
574|
|---|---|---|---|
All income from other trading activities in the prior year was unrestricted.
## **6. Government grants**
The charitable company receives government grants, defined as funding from the National Lottery Community Fund, the Coronavirus Job Retention Scheme and Bristol City Council to fund charitable activities. The total value of such grants in the period ending 30 June 2022 was £10,801 (2021: £67,627). There are no unfulfilled conditions or contingencies attaching to these grants in 2021/22.
21
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **7. Total expenditure**
|**Total expenditure**|||
|---|---|---|
|Cost of goods sold
Staff costs (note 9)
Other staff costs
Companion allowances
Sundry expenses
Bank charges
Online fees
Computer supplies
Licenses and subscriptions
Supplies
Waste recycling
Training
Premises expenses
Motor expenses
Printing, postage and stationary
Travel and subsistence
Publicity
Professional fees
Depreciation
Governance
Bad debts
**Sub-total**
**Total expenditure**
Allocation of support and
governance costs|Raising
funds
£
£
£
£
-
-
5,586
-
15,510
90,359
78,348
117,064
-
17
275
7,698
-
108,687
(31)
15
-
19
231
951
-
240
1,840
1,331
-
-
2,626
655
-
705
1,130
4,966
-
67
3,210
7,259
-
11,435
7,398
590
-
1,138
-
-
-
125
195
-
-
54,241
74,736
1,449
-
2
7,518
17
-
10
5,384
1,144
-
2,032
2,839
693
-
-
2,570
3,254
-
173
375
4,072
-
-
-
71,445
-
-
-
3,578
-
5,365
-
-
15,510
274,615
194,230
226,181
-
139,805
86,376
(226,181)
**15,510**
**414,420**
**280,606**
**-**
Charitable
activities:
community
Charitable
activities:
social
enterprises
Support and
governance
costs|**2022**
**Total**
**£**
**5,586**
**301,281**
**7,990**
**108,671**
**1,201**
**3,411**
**3,281**
**6,801**
**10,536**
**19,423**
**1,138**
**320**
**130,426**
**7,537**
**6,538**
**5,564**
**5,824**
**4,620**
**71,445**
**3,578**
**5,365**|
|||**710,536**
**-**|
|||**710,536**|
Total governance costs were £3,578 (2021: £2,366)
Charitable activities have been combined in the consolidated statement of financial activities.
22
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **7. Total expenditure (continued)**
|**Prior period comparative**
Staff costs (note 9)
Other staff costs
Companion allowances
Sundry expenses
Bank charges
Online fees
Computer supplies
Licenses and subscriptions
Supplies
Waste recycling
Telephone and internet
Training
Premises expenses
Motor expenses
Printing, postage and stationary
Travel and subsistence
Publicity
Professional fees
Depreciation
Governance
Bad debts
Equipment
Work spaces
**Sub-total**
**Total expenditure**
Allocation of support and
governance costs|Raising
funds
£
12,509
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,257
-
-
-
-
-
-
13,766
-
13,766|£
£
£
91,809
55,782
100,732
303
195
969
69,198
-
-
380
156
1,355
-
1,923
906
-
2,754
-
853
5,283
973
-
4,254
8,477
50,832
11,939
-
-
2,563
-
-
1,134
-
1,627
1,107
468
89,630
49,926
189
-
10,759
-
396
1,234
502
1,652
932
-
-
2,449
-
216
-
1,626
-
-
60,608
-
-
2,366
-
-
54
-
1,791
-
-
5,512
-
306,896
159,693
179,225
97,958
81,267
(179,225)
404,854
240,960
-
Charitable
activities:
social
enterprises
Charitable
activities:
community
Support and
governance
costs|2021
Total
£
260,832
1,467
69,198
1,891
2,829
2,754
7,109
12,731
62,771
2,563
1,134
3,202
139,745
10,759
2,132
2,584
3,706
1,842
60,608
2,366
54
1,791
5,512|
|---|---|---|---|
||||659,580
-|
||||659,580|
23
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
**8. Net movement in funds**
This is stated after charging:
|Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (incl VAT)|**2022**
**£**
**71,445**
**15,508**
**Nil**
**-**
**2,052**|2021
£
60,608
21,386
Nil
-
1,950|
|---|---|---|
## **9. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Social security costs
Pension costs|**2022**
**£**
**266,192**
**17,517**
**17,572**
**301,281**|2021
£
232,777
14,351
13,704|
|---|---|---|
|||260,832|
No employee earned more than £60,000 during the year.
The key management personnel of the charitable company comprise the Trustees and Chief Executive Officer. The total employee benefits of the key management personnel were £53,531 (2021: £48,691).
|Average number of employees|**2022**
**No.**
**12**|2021
No.
11|
|---|---|---|
## **10. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
24
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
**11. Tangible fixed assets Group and charity**
|**Tangible fixed assets**
**Group and charity**||||||||
|---|---|---|---|---|---|---|---|
|**Cost**
At 1 July 2021
Additions in year
Disposals in year
At 30 June 2022
**Depreciation**
At 1 July 2021
Charge for the year
Disposals in year
At 30 June 2022
**Net book value**
**At 30 June 2022**
At 30 June 2021|Freehold
properties
£
2,075,450
-
-
2,075,450
505,169
40,412
-
545,581
**1,529,869**
1,570,281|Leasehold
properties
£
133,662
-
-
133,662
22,117
13,366
-
35,483
**98,179**
111,545|Computer
equipment
£
15,523
2,285
-
17,808
10,474
2,322
-
12,796
**5,012**
5,049|Fixtures and
fittings
£
86,681
15,647
-
102,328
74,050
8,659
-
82,709
**19,619**
12,631|Motor
vehicles
£
34,694
9,423
(13,300)
30,817
22,846
6,686
(12,937)
16,595
**14,222**
11,848|Holiday pods
£
4,446
85,666
-
90,112
-
-
-
-
**90,112**
4,446|**Total**
**£**
**2,350,456**
**113,021**
**(13,300)**|
||||||||**2,450,177**|
||||||||**634,656**
**71,445**
**(12,937)**|
||||||||**693,164**|
||||||||**1,757,013**|
||||||||1,715,800|
25
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **12. Subsidiary undertakings**
## _Emmaus Bristol (Enterprises) Limited_
The charitable company owns the whole of the issued share capital (1,000 ordinary £1 shares) of Emmaus Bristol (Enterprises) Limited, a company registered in England and Wales (number: 04889148). The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line by basis in the statement of financial activities. Available profits are donated to the charitable company. A summary of the results of the subsidiary is shown below:
|Turnover
Cost of sales
Gross profit
Other operating income
Administrative expenses
Operating profit
Corporation tax
Profit for financial year
The aggregate of the assets, liabilities and funds was:
Assets
Liabilities
Funds|**2022**
**£**
**147,883**
**(62,500)**
**85,383**
**(11,135)**
**74,248**
**-**
**74,248**
**2022**
**£**
**53,006**
**(17,758)**
**35,248**|2021
£
127,005
(62,500)|
|---|---|---|
|||64,505
(9,167)|
|||55,338
-
55,338|
|||2021
£
119,979
(103,641)|
|||16,338|
## **13. Parent charity**
The parent charity's gross income and the results for the year are disclosed as follows:
|Gross income
Results for the year|**2022**
**£**
**693,610**
**(15,483)**|2021
£
594,041
(64,557)|
|---|---|---|
26
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **14. Debtors**
|**Debtors**||||
|---|---|---|---|
|Trade debtors
Prepayments
Accrued income
Other debtors
Amounts owed by subsidiary
undertaking|**2022**
2021
**£**
£
**13,194**
11,074
**16,373**
14,180
**1,114**
2,300
**3,267**
4,539
**-**
-
**33,948**
32,093
**The group**|**2022**
2021
**£**
£
**6,475**
5,693
**16,373**
14,180
**1,114**
2,300
**3,267**
4,539
**16,390**
102,731
**43,619**
129,443
**The charity**||
||||129,443|
**15. Creditors : amounts due within 1 year**
|Trade creditors
Accruals
Other taxation and social security
Deferred income (see note 17)
Other creditors
Other loans|**2022**
2021
**£**
£
**24,278**
11,742
**8,321**
9,332
**9,090**
-
**3,010**
3,310
**12,493**
9,980
**-**
12,500
**57,192**
46,864
**The group**|**2022**
2021
**£**
£
**24,278**
11,742
**8,321**
9,332
**9,090**
-
**3,010**
3,310
**11,124**
9,070
**-**
12,500
**55,823**
45,954
**The charity**|**2022**
2021
**£**
£
**24,278**
11,742
**8,321**
9,332
**9,090**
-
**3,010**
3,310
**11,124**
9,070
**-**
12,500
**55,823**
45,954
**The charity**|
|---|---|---|---|
||||45,954|
## **16. Creditors : amounts due more than 1 year**
||**The group**||**The charity**||
|---|---|---|---|---|
||**2022**|2021|**2022**|2021|
||**£**|£|**£**|£|
|Other loans|**-**|12,500|**-**|12,500|
Other loans comprise an unsecured loan from Emmaus UK charged at 4% fixed rate of interest per annum and repayable by 30 November 2022. The loan was repaid in full in the year ended 30 June 2022.
27
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **17. Deferred income**
|At 1 July 2021
Deferred during the year
Released during the year
At 30 June 2022|**2022**
2021
**£**
£
**3,310**
3,500
**3,010**
3,310
**(3,310)**
(3,500)
**3,010**
3,310
**The group**|**2022**
2021
**£**
£
**3,310**
3,500
**3,010**
3,310
**(3,310)**
(3,500)
**3,010**
3,310
**The charity**|**2022**
2021
**£**
£
**3,310**
3,500
**3,010**
3,310
**(3,310)**
(3,500)
**3,010**
3,310
**The charity**|
|---|---|---|---|
||||3,310|
Deferred income relates to housing income received in advance of provision.
## **18. Analysis of net assets between funds The group**
|**The group**|||||
|---|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 30 June 2022**
**Prior year comparative**
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
**Net assets at 30 June 2021**|£
335,405
30,948
-
**366,353**
£
343,465
10,931
-
-
354,396
Restricted
funds
Restricted
funds|£
1,421,609
32,982
-
**1,454,591**
£
1,372,336
19,542
-
-
1,391,878
Designated
funds
Designated
funds|£
(1)
229,051
(57,192)
**171,858**
£
(1)
302,469
(46,864)
(12,500)
243,104
General
funds
General
funds|**Total**
**funds**
**£**
**1,757,013**
**292,981**
**(57,192)**|
|||||**1,992,802**|
|||||Total
funds
£
1,715,800
332,942
(46,864)
(12,500)|
|||||1,989,378|
28
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **18. Analysis of net assets between funds (continued) The charity**
|Tangible fixed assets
Investments
Current assets
Current liabilities
**Net assets at 30 June 2022**
**Prior year comparative**
Tangible fixed assets
Investments
Current assets
Current liabilities
Non-current liabilities
**Net assets at 30 June 2021**|£
335,405
-
30,948
-
**366,353**
£
343,465
-
10,931
-
-
354,396
Restricted
funds
Restricted
funds|£
1,421,609
-
32,982
-
**1,454,591**
£
1,372,336
-
19,542
-
-
1,391,878
Designated
funds
Designated
funds|£
(1)
1,000
192,435
(55,823)
**137,611**
£
(1)
1,000
285,220
(45,954)
(12,500)
227,765
General
funds
General
funds|**Total**
**Funds**
**£**
**1,757,013**
**1,000**
**256,365**
**(55,823)**|
|---|---|---|---|---|
|||||**1,958,555**|
|||||Total
Funds
£
1,715,800
1,000
315,693
(45,954)
(12,500)|
|||||1,974,039|
29
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **19. Movements in funds**
|**Restricted funds**
Minibus Appeal
Holiday Pods
Emmaus UK
Other
**Total restricted funds**
_Designated funds:_
General Fixed Asset Fund
Lloyds Foundation 2020
Holiday Pods
Ethical
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**
European Regional
Development Fund
**Unrestricted funds**|At 1 July
2021
£
343,465
2,735
5,904
670
1,622
354,396
1,372,336
6,875
5,000
7,667
1,391,878
243,104
1,634,982
1,989,378|Income
£
-
-
20,900
1,851
-
22,751
-
27,500
-
-
27,500
663,709
691,209
713,960|£
(8,060)
(213)
-
(3,628)
-
(11,901)
(63,385)
(13,750)
(310)
-
(77,445)
(621,190)
(698,635)
(710,536)
Expenditure|£
-
-
-
1,107
-
1,107
112,658
-
-
-
112,658
(113,765)
(1,107)
-
Transfers
between
funds|**£**
**335,405**
**2,522**
**26,804**
**-**
**1,622**
**At 30 June**
**2022**|
|---|---|---|---|---|---|
||||||**366,353**|
||||||**1,421,609**
**20,625**
**4,690**
**7,667**|
||||||**1,454,591**|
||||||**171,858**|
||||||**1,626,449**|
||||||**1,992,802**|
30
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **19. Movements in funds (continued)**
|**Prior year comparative**
**Restricted funds**
Minibus Appeal
Holiday Pods
Emmaus UK
Other
Homes England
Crisis UK
National Lottery Covid Grant
BrisDoc
Renovation Appeal 20-21
**Total restricted funds**
_Designated funds:_
General Fixed Asset Fund
Lloyds Foundation 2020
Holiday Pods
Ethical
EUK Emergency Appeal
Nationwide Community
_Total designated funds_
General funds
**Total unrestricted funds**
**Total funds**
BCC Retail, Hospitality &
Leisure Grant Fund
Coronavirus Job Retention
Scheme
**Unrestricted funds**
European Regional
Development Fund|At 1 July
2020
£
351,525
-
15,204
1,429
1,622
29,333
21,409
-
-
8,019
428,541
1,341,148
11,250
-
7,667
-
-
-
26,345
1,386,410
245,549
1,631,959
2,060,500|Income
£
-
15,000
-
2,802
-
5,585
-
14,153
5,000
-
42,540
-
27,500
5,000
-
45,410
8,064
2,590
-
88,564
457,354
545,918
588,458|£
(8,060)
(12,265)
(9,300)
(3,561)
-
(34,918)
(21,409)
(14,153)
(5,000)
(8,019)
(116,685)
(52,548)
(31,875)
-
-
(45,410)
(8,064)
(2,590)
(26,345)
(166,832)
(376,063)
(542,895)
(659,580)
Expenditure|£
-
-
-
-
-
-
-
-
-
-
-
83,736
-
-
-
-
-
-
-
83,736
(83,734)
-
-
Transfers
between
funds|£
343,465
2,735
5,904
670
1,622
-
-
-
-
-
At 30 June
2021|
|---|---|---|---|---|---|
||||||354,396|
||||||1,372,336
6,875
5,000
7,667
-
-
-
-|
||||||1,391,878|
||||||243,104|
||||||1,634,982|
||||||1,989,378|
## **Purposes of restricted funds**
European Regional Development Fund
A capital fund spent on the purchase of Backfields House (net of depreciation) relating to the European Regional Development Fund grant. A deed of covenant between Emmaus Bristol and The Secretary of State for Local Government relating to Backfields House has been agreed for a period of 15 years from 31 March 2014.
31
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **19. Movements in funds (continued) Purposes of restricted funds**
Minibus Appeal
Funding received in respect of an appeal to replace the minibus.
## Holiday Pods
The Holiday Pods restricted fund relates to donations and grants received for the purchase of eco holiday pods in the back yard of Backfields House, which will assist in the diversification of the charity’s social enterprises.
## Emmaus UK
Funding for Companion training and expenditure on hygiene and safety.
## Other
Funding for an e-cargo bike.
## Homes England
A grant for carrying out a feasibility study and survey to explore developing the roof of Backfields House for affordable accommodation.
## Crisis UK
To cover one year’s costs of three places for Companions who have no recourse to public funds (e.g. housing benefit) during the Covid-19 pandemic.
## National Lottery Covid Grant
To employ a Support Worker for six months during the Covid-19 pandemic.
## BrisDoc
To help fund the replacement hot water system at Shaftesbury House.
## Renovation Appeal 20-21
Monies raised were used for the renovation of the fourth vacant house owned by Bristol City Council which has been let rent-free to the charity for a period of ten years, for housing purposes in line with the charitable objects of the charity.
## **Purpose of designated funds**
## General Fixed Asset Fund
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.
## Lloyds Foundation 2020
Funding which is being assigned to core costs over twelve months.
## Holiday Pods
Funding assigned to the Holiday Pods.
32
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **19. Movements in funds (continued) Purpose of designated funds**
Ethical
The Ethical fund is being held to set against expenditure on new or leased vehicles for use in our social enterprises as replacement is required.
BCC Retail, Hospitality & Leisure Grant Fund
Hospitality and Leisure Grant Fund in respect of the various Covid-19 periods of lockdown.
## Coronavirus Job Retention Scheme
Funds claimed under the Coronavirus Job Retention Scheme.
## EUK Emergency Appeal
Funding from Emmaus UK's Covid-19 Emergency Appeal.
## Nationwide Community
The Nationwide Community Fund was received in 2020 as a restricted grant to enable Companions to move on from Emmaus Bristol. In response to Covid-19, Nationwide removed the restrictions on this grant and deemed that it could be used to support the charity and its beneficiaries in whatever way the charity thought would be the best use of these funds.
## **Transfers**
The transfer from general funds to restricted funds is to cover the overspend of a restricted project.
The transfer from general funds to designated funds represents the net movement of tangible fixed asset additions and disposals.
## **20. Operating lease commitments**
The group and charity had operating leases at the year end with total future minimum lease payments as follows:
|payments as follows:||||
|---|---|---|---|
|Amount falling due:
Within 1 year
Within 1 - 5 years|**2022**
2021
**£**
£
**3,328**
15,508
**9,570**
13,130
**12,898**
28,638
**The group**|**2022**
2021
**£**
£
**3,328**
15,508
**9,570**
13,130
**12,898**
28,638
**The charity**||
||||28,638|
33
## **Emmaus Bristol**
## **Notes to the financial statements**
## **For the year ended 30 June 2022**
## **21. Related party transactions**
The charitable company's wholly owned subsidiary undertaking is Emmaus Bristol (Enterprises) Limited, a registered company in England and Wales (number: 04889148). The company gifts available taxable profits to its parent undertaking. The balance owing to Emmaus Bristol at 30 June 2022 was £16,390 (2021: £102,731). Transactions between the entities during the year have not been disclosed in accordance with section 33 of FRS 102.
D Spottiswoode, R Moore, and M Quinn, trustees of Emmaus Bristol, are also directors of Emmaus Bristol (Enterprises) Limited.
34