OpenCharities

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

2023-06-30-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 2023

EMMAUS BRISTOL

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

CONTENTS PAGES
Reference & Administrative Information 1
Report of the Trustees 2 - 11
Independent Examiner’s report to the Trustees 12
Consolidated Statement of Financial Activities 13
Charity Statement of Financial Activities 14
Consolidated and Charity Balance sheet 15
Consolidated Cash Flow Statement 16
Notes to the financial statements 17 - 28

EMMAUS BRISTOL

REFERENCE AND ADMINSTRATIVE INFORMATION

YEAR ENDED 30 JUNE 2023

Trustees and Directors R I Parker (Chair) Resigned 30 September 2023
D M Spottiswoode
R L Moore
M Quinn
J M Ryan Resigned 17 August 2022
L McCreery (Chair)
K K Nwaorgu
K E Williams Resigned 21 August 2022
J Skuce
Chief Executive J Hodge
S Carey (interim) August 2023 to September 2024
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
Cooperative Bank plc
Deanery Road PO Box 101
Bristol
1 Balloon Street
BS1 5AS
Manchester
M60 4EP
Lloyds Bank
Business Banking
BX1 1LT
Solicitors DAC Beachcroft LLP
Portwall Place
Portwall Lane
Bristol BS99 7UD

1

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

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 2023. 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

About Emmaus Bristol

Emmaus Bristol’s Purpose, Mission, Vision and Values are shared with the Emmaus UK federation.

Purpose: We exist to give hope and a sense of belonging to those who have experienced homelessness and poverty.

Mission: To empower people affected by homelessness and poverty to change their lives for the better whilst using our voice to achieve social change.

In Bristol we do this by providing a community of affordable and safe homes, meaningful work experience and training through our social enterprises, which in turn provide social and environmental value for our local community.

Vision: A sustainable world in which everyone has a home and a sense of belonging.

Values:

Respect - for others, ourselves and our environment Sharing – our resources, skills, challenges and successes – Openness to ideas, challenges and to other points of view Solidarity – helping those in greatest need and opposing injustice Welcoming – friendly, approachable and inclusive to all

History 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 over 400 groups in 40 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.

2

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

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 some 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.

Charitable Aims and Objects

The principal objectives of the charity are:

Strategies for Achieving Objectives

Emmaus Bristol’s strategic objectives July 2022 to June 2027 are to:

The charity operates predominantly from a single office. The charity is governed by the Trustees (who meet at least four 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 helping in our warehouse and shops and supporting Companions. Emmaus Bristol has a staff team of 12, equivalent to 10 full time employees.

We started on our objective to restructure our staff team to allow for growth by creating a new office manager post and recruiting an additional support worker. However, the cost of living crisis and inflation has necessitated delaying further growth for now.

3

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

Activities for Achieving Objectives

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. Sadly, this project came to an end in 2023, as further investigation found it to be financially unviable. We continue to look for innovative ways to expand our accommodation. Because of this we are now behind on our five-year plan objective to build or acquire more new homes for people in housing need.

4

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

Average occupancy of Companion, move-on and family homes remained high over the year at 94% (95% in 2022). Our housing rental income for the year was £210,210 (2022: £208,026).

Eight Companions moved on into safe external or move-on accommodation (five in 2022) and two gained paid employment externally (three in 2022). Move-on to employment remains very difficult. 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 single biggest cause of homelessness.

100% of Companions and other residents successfully managed their licence agreement/ tenancy and/or moved on successfully with no-one leaving in chaotic circumstances or being asked to leave, compared to 99% in 2022.

We received 85 referrals over the year, from people wanting to live in the Emmaus Bristol community, of which five moved in (44 referrals in 2022 of which five moved in). This almost doubling of referrals reflects growing homelessness and, towards the end of the year, increasing numbers of refugees and other migrants leaving government accommodation with nowhere to go.

Emmaus Bristol support staff use the Homelessness Outcomes Star with Companions to measure the progress they are making during their time at Emmaus Bristol. Outcome Star sessions provide a useful time to talk with Companions and support them to self-assess their wellbeing and life skills progress. Categories include managing money, offending, drug and alcohol misuse, self-care and living skills, social networks and relationships, managing accommodation, physical health, mental health, motivation and taking responsibility, and meaningful use of time.

This year Companion scores improved in the following areas: motivation and taking responsibility, meaningful use of time, managing tenancy, money management and self-care and living skills. Companions scores in physical health have slightly reduced. The rest of the scores have stayed the same. Having noted the reduction in physical health scores among some Companions, we are initiating a Wellness Campaign at Emmaus Bristol, focusing on physical health.

Our work to become a trauma informed organisation continues, and progress is in line with our five-year plan and has included training for staff and Companions, with roll-out to trustees planned for 2024.

Social Enterprises

The income from shop sales and the provision of other services for the year was £318,962 (2022: £284,999). This 12% increase in sales reflects the hard work of the whole team, investment in our ebay operation, and the launch of our eco holidays pods.

We closed our Vintage shop during the year due to low sales, and opened a temporary pop-up in Sparks, the sustainability hub which opened in the old Marks and Spencer building in Bristol City Centre.

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, were completed and launched in the year, and have so far exceeded their income targets as well as providing an ethical place for visitors to stay in Bristol City Centre. Reviews have been excellent. Crucially, they also provide training opportunities for Companions who were actively involved in furnishing and decorating them, including with some of their own upcycled pieces. We

5

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

learnt that we were unable to provide the level of service required with the staff and Companion capacity we have, and consequently outsourced the bookings and cleaning.

This year we developed in-work support with the introduction of work coaching, with the aim of helping Companions (and other beneficiaries) settle in to their roles, learn on the job, and thrive in their work.

We were delighted to be able to re-introduce community payback, and to welcome interns with learning difficulties on an employment programme with Bristol City College. We continue to look for partnerships where we can provide work experience and training opportunities for other unemployed people, and have learned that due to our limited capacity at present, this works best when the volunteers come with a support worker or work coach.

Business Incubator

Emmaus Bristol continues to offer affordable office space to youth empowerment social enterprise Babassa, which supports young people with training and employment opportunities.

We also provide a work space to the charity Legs for Africa which collects and exports prosthetics, helping amputees to live more independent fulfilled lives.

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 costs including allowances.

The results for the year are set out on page 13. The net income for the year amounted to a consolidated deficit of £138,334 (2022: surplus £3,424). Total funds at 30 June 2023 amounted to £1,854,468 (2022: £1,992,802). This decrease in funds in part relates to a £54,878 write-back of previously capitalised costs relating to our Homes on the Roof project, which came to a stop at the end of the year and will not be built. In part the decrease relates to inflationary increases in costs which outpace the increase in income we were able to achieve.

High inflation continues to add to our costs, particularly energy and buildings repairs and maintenance. Utilities costs have more than doubled in the last two years.

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 2023 totalled £1,854,468 (2022: £1,992,802).

6

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

Of these, restricted funds amounted to £414,265 (2022: £406,695). Designated funds amounted to £1,317,867 (2022: £1,454,591).

The majority of the designated funds 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.

Free reserves i.e. those not tied up in fixed assets, designated funds or restricted funds, amounted to £122,336 (2022: £131,516). Three months’ expenditure (excluding depreciation and the disposal of fixed assets) at 2022 levels is £188,627, as such, we have 1.8 months’ reserves and are not currently meeting our reserves policy. Reserves are likely to deplete further in 2023 as inflation means that expenditure is expected to continue to grow at a faster rate than income. The board will be working with the senior management team on a plan to build back our reserves.

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. The lease for our Gloucester Road shop we ended in April 2023.

We have peppercorn ten-year 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 Local Housing Allowance rate.

Principle Funding

The charity’s main sources of income have been:

Social enterprise and Rental income have increased on last year, however, Donations and Grants have fallen.

Fundraising

During the financial year, Emmaus Bristol did not use third parties for any fundraising on its behalf. Some companies carried out their own activities to raise money for the charity, for example, Blind Owl Coffee sold an Emmaus blend and donated a portion of the profits to us.

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

7

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

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 inspections of all premises and vehicles by a
dedicated staff member and relevant authority.
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.

8

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
Legal/Regulatory Strict adherence to GDPR policies.
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 £3,000 and above require Trustee
approval and two signatories are required for all bank
payments.
Expenditure of items over £3,000 and renewal of
contracts over £3,000 per annum requires obtaining
three quotes.
Diverse income streams.
Inflation Increasing our trading and rental prices where
possible, to offset rises in costs
Energy saving works to Shaftesbury House to save
on energy
Seeking quotes for contracts as they come up for
review, to get best value
IT Daily backups of data to the cloud as well as twice
weekly server backups.
Ongoing investment in new hardware and software.
----- End of picture text -----

9

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

Plans for the Future

Our plans for the next five years include working to:

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 2022 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 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.

10

EMMAUS BRISTOL

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 JUNE 2023

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 £82,544 (2022: 74,248). The company made distributions to the charity of £74,248 (2022: £55,338) 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 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 the year. Through active recruitment it is seeking suitable additional Trustees who have a wide range of skills and experience to bring to the charity.

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 21 March 2024 and signed on their behalf by:

Luke McCreery, Chair of Trustees

David Spottiswoode, Trustee

11

EMMAUS BRISTOL

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

YEAR ENDED 30 JUNE 2023

Independent examiner’s report to the trustees of Emmaus Bristol (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company and its trading subsidiary for the year ended 30 June 2023.

.

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 consolidated 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 and consolidated accounts have been prepared on a voluntary basis, 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:

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, Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR Date: 21 March 2024

12

EMMAUS BRISTOL

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account)

YEAR ENDED 30 JUNE 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
5
Charitable activities
5
Total expenditure
Net income/(expenditure)
7
Transfers between funds
17
Net movement in funds before taxation
Tax on profit/loss of ordinary activities
12
Net movement in funds
Total funds at 1 July - Restated
17
Total funds at 30 June
17		 Unrestricted
Unrestricted
Total
General
Designated
Restricted
Funds
Funds
Funds
Funds
2023
£
£
£
£
86,438
33,333
80,067
199,838
553,959
-
-
553,959
-
-
-
-
94
-
-
94
640,491
33,333
80,067
753,891
10,605
-
-
10,605
630,045
179,078
72,497
881,620
640,650
179,078
72,497
892,225
(159)
(145,745)
7,570
(138,334)
(9,021)
9,021
-
-
(9,180)
(136,724)
7,570
(138,334)
-
-
-
-
(9,180)
(136,724)
7,570
(138,334)
131,516
1,454,591
406,695
1,992,802
122,336
1,317,867
414,265
1,854,468		 Total
Funds
2022
£
216,217
495,605
2,126
12
713,960
15,510
695,026
710,536
3,424
-
3,424
-
3,424
1,989,378
1,992,802

The group has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the group are classed as continuing

The notes on pages 17 to 28 form part of these financial statements See note 10 for fund-accounting comparative figures

13

EMMAUS BRISTOL

CHARITY STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account)

YEAR ENDED 30 JUNE 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
5
Charitable activities
5
Total expenditure
Net income/(expenditure)
7
Transfers between funds
17
Net movement in funds
Total funds at 1 July - Restated
17
Total funds at 30 June
17		 Unrestricted
Unrestricted
Total
General
Designated
Restricted
Funds
Funds
Funds
Funds
2023
£
£
£
£
160,686
33,333
80,067
274,086
469,835
-
-
469,835
-
-
-
-
94
-
-
94
630,615
33,333
80,067
744,015
10,605
-
-
10,605
628,465
179,078
72,497
880,040
639,070
179,078
72,497
890,645
(8,455)
(145,745)
7,570
(146,630)
(9,021)
9,021
-
-
(17,476)
(136,724)
7,570
(146,630)
97,268
1,454,591
406,695
1,958,554
79,792
1,317,867
414,265
1,811,924		 Total
Funds
2022
£
271,555
419,917
2,126
12
693,610
15,510
693,586
709,096
(15,486)
-
(15,486)
1,974,040
1,958,554

The group has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing

The notes on pages 17 to 28 form part of these financial statements See note 10 for fund-accounting comparative figures

14

EMMAUS BRISTOL

CONSOLIDATED BALANCE SHEETS

----- Start of picture text -----
AS AT 30 JUNE 2023 Company Number: 03579001
Group Charity Group Charity
Note 2023 2023 2022 2022
Restated Restated
£ £ £ £
Fixed assets
Tangible assets 11 1,655,122 1,655,122 1,757,013 1,757,013
Investments 12 - 1,000 - 1,000
1,655,122 1,656,122 1,757,013 1,758,013
Current assets
Debtors 13 47,646 41,744 33,948 43,619
Cash at bank and in hand 227,261 211,511 259,033 212,746
274,907 253,255 292,981 256,365
Creditors: amounts falling due
within one year 14 (75,561) (97,453) (57,192) (55,824)
Net current assets 199,346 155,802 235,789 200,541
Total assets less current liabilities 1,854,468 1,811,924 1,992,802 1,958,554
Net assets 1,854,468 1,811,924 1,992,802 1,958,554
Funds
Unrestricted funds
General funds 18 79,792 79,792 97,268 97,268
Subsidiary trading funds 18 42,544 - 34,248 -
Designated funds 18 1,317,867 1,317,867 1,454,591 1,454,591
Restricted funds 18 414,265 414,265 406,695 406,695
Total funds 1,854,468 1,811,924 1,992,802 1,958,554
----- End of picture text -----

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:

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

These financial statements were approved by the Board of Trustees on 21 March 2024 and are signed on their behalf by:

Luke McCreery Chair of Trustees

David Spottiswoode Trustee

The notes on pages 17 to 28 form part of these financial statements

15

EMMAUS BRISTOL

CONSOLIDATED CASH FLOW STATEMENT

YEAR ENDED 30 JUNE 2023

Notes
Net cash inflow from operating activities
15
Non-operational cash flows
Investing activities
Payments for tangible fixed assets
Proceeds from sale of fixed assets
Investment income
Net cash (outflow) / inflow for the year
16		 2023
£
(35,827)
-
94		 2023
£
3,961
(35,733)
(31,772)		 2022
£
70,943
(113,021)
250
12
(112,759)
(41,816)

Cashflow 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 group cash flows for the year.

The notes on pages 17 to 28 form part of these financial statements

16

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.

Emmaus Bristol meet the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Basis of consolidation

The Consolidated Statement of Financial Activities (SOFA), Consolidated Balance Sheet and Consolidated Cash Flow Statement consolidate the financial statements of the Charity and its subsidiary, Emmaus Bristol (Enterprises) Limited. The results of the subsidiary are consolidated on a line by line basis.

Going concern

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.

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 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.

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.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not have been designated for other purposes.

Designated funds comprise unrestricted funds that 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 which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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.

Allocation of support cost

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs associated with the governance 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.

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 lower of length of lease and 50 years Computer equipment 3 years Fixtures and fittings 3 years Motor vehicles 3 years Holiday pods 30 years

Items of equipment are capitalised where the purchase price exceeds £1,000.

17

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

1 Accounting policies (continued)

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.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short term maturity of three months or less from the date of acquisition or opening of deposit or similar account.

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.

Financial instruments

The charitable company only has financial assets and financial activities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at there settlement value with exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

Pension costs

The company operates a defined benefit contribution pension scheme for its employees. There is no further liabilities other than that already recognised in the SOFA.

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 the 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 source of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in the note above.

Leases

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

Group & Charity
Individual donations
Corporate donations
Donation from Emmaus Bristol (Enterprises) Limited
Grants
Lloyds Bank Foundation
Emmaus UK
Nisbet Trust
Albert Hunt
School for Social Entrepreneurs
Enterprise Development Fund
Quartet
Bristol City Council
Charityworks
Grants <£1,000
Coronavirus Job Retention Scheme
Gift aid
Charity sub-total
Inter-group eliminations
Group donations and legacies		 Unrestricted
Unrestricted
General
Designated
Restricted
Total Funds
Funds
Funds
Funds
2023
£
£
£
£
53,494
-
-
53,494
9,031
-
10,000
19,031
74,248
-
-
74,248
2,250
33,333
-
35,583
9,094
-
33,496
42,590
-
-
11,497
11,497
7,000
-
-
7,000
-
-
25,074
25,074
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,569
-
-
5,569
160,686
33,333
80,067
274,086
(74,248)
-
-
(74,248)
86,438
33,333
80,067
199,838		 Total Funds
2022
£
69,608
14,043
55,338
27,500
24,918
22,500
5,000
-
15,900
10,000
9,148
6,076
1,500
1,653
8,371
271,555
(55,338)
216,217

18

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

2 Donations and legacies (continued)

Prior year comparative - Restated

Group & Charity
Individual donations
Corporate donations
Donation from Emmaus Bristol (Enterprises) Limited
Grants
Lloyds Bank Foundation
Emmaus UK
Nisbet Trust
Albert Hunt
Enterprise Development Fund
Quartet
Bristol City Council
Charityworks
Grants <£1,000
Coronavirus Job Retention Scheme
Gift aid
Charity sub-total
Inter-group eliminations
Group donations and legacies		 Unrestricted
Unrestricted
General
Designated
Restricted
Total Funds
Funds
Funds
Funds
2022
£
£
£
£
54,856
-
14,752
69,608
14,043
-
-
14,043
55,338
-
-
55,338
-
27,500
-
27,500
18,067
-
6,851
24,918
-
-
22,500
22,500
5,000
-
-
5,000
-
-
15,900
15,900
10,000
-
-
10,000
9,148
-
-
9,148
6,076
-
-
6,076
1,500
-
-
1,500
1,653
-
-
1,653
5,281
-
3,090
8,371
180,962
27,500
63,093
271,555
(55,338)
-
-
(55,338)
125,624
27,500
63,093
216,217
3
Income from charitable activities
Group & Charity
Social enterprise income
Rent receivable
Charity sub-total
Rental income
Housing benefit
Subsidiary sub-total
Inter-group eliminations
Group from charitable activities		 Unrestricted
Unrestricted
General
Designated
Restricted
Total Funds
Funds
Funds
Funds
2023
£
£
£
£
318,962
-
-
318,962
150,873
-
-
150,873
469,835
-
-
469,835
18,046
-
-
18,046
128,578
-
-
128,578
146,624
-
-
146,624
(62,500)
-
-
(62,500)
553,959
-
-
553,959		 Total Funds
2022
£
253,797
166,120
419,917
31,202
116,681
147,883
(72,195)
495,605

All income from charitable activities in the prior year were unrestricted.

4 Government grants

The charitable company in the prior year received government grants, defined as funding from 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 year to 30 June 2023 was £nil (2022:£10,801). There are no unfulfilled conditions or contingencies attached to these grants.

19

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
5 Expenditure on:
Group & Charity Direct Staff Support Total Funds Total Funds
Costs Costs Costs 2023 2022
(note 8) (note 6)
£ £ £ £ £
Raising funds - - 10,605 10,605 15,510
Charitable Activities
Community 220,861 84,514 159,623 464,998 413,700
Social enterprises 179,848 129,442 105,752 415,042 279,886
Charity sub-total 400,709 213,956 275,980 890,645 709,096
Direct costs - subsidiary
Rent 62,500 - - 62,500 62,500
Management charge - - - - 9,695
Administrative costs 1,580 - - 1,580 1,440
Subsidiary sub-total 64,080 - - 64,080 73,635
Inter-group eliminations (62,500) - - (62,500) (72,195)
Group expenditure 402,289 213,956 275,980 892,225 710,536
Prior year comparative
Group & Charity Direct Staff Support Total Funds
Costs Costs Costs 2022
(note 8) (note 6)
£ £ £ £
Raising funds - 15,510 - 15,510
Charitable Activities
Community 184,256 90,359 139,085 413,700
Social enterprises 115,882 78,348 85,656 279,886
Charity sub-total 300,138 184,217 224,741 709,096
Direct costs - subsidiary
Rent 62,500 - - 62,500
Management charge 9,695 - - 9,695
Administrative costs 1,440 - 1,440
Subsidiary sub-total 73,635 - - 73,635
Inter-group eliminations (72,195) - - (72,195)
Group expenditure 301,578 184,217 224,741 710,536
----- End of picture text -----

20

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

6 Support costs

Group & Charity

Staff costs (note 8)
Other staff costs
Companion allowances
Sundry expenses
Bank charges
Licenses and subscriptions
Equipment and supplies
Premises expenses
Printing, postage and stationery
Travel and subsistence
Publicity
Professional fees
Depreciation
Loss on disposal of fixed assets
Governance
Prior year comparative
Group & Charity
Staff costs (note 8)
Other staff costs
Companion allowances
Sundry expenses
Bank charges
Online fees
Computer supplies
Licenses and subscriptions
Equipment and supplies
Premises expenses
Motor expenses
Printing, postage and stationery
Travel and subsistence
Publicity
Professional fees
Depreciation
Governance		 Total
2023
£
£
£
7,456
82,314
89,770
-
3,836
3,836
-
75
75
-
3,492
3,492
-
1,979
1,979
562
5,009
5,571
-
47
47
-
276
276
-
5,732
5,732
-
90
90
2,587
4,356
6,943
-
16,552
16,552
-
82,839
82,839
-
54,878
54,878
-
3,900
3,900
10,605
265,375
275,980
Total
2022
£
£
£
-
117,064
117,064
-
7,698
7,698
-
15
15
-
951
951
-
1,320
1,320
-
655
655
-
4,966
4,966
-
7,259
7,259
-
555
555
-
1,449
1,449
-
17
17
-
1,144
1,144
-
693
693
-
3,254
3,254
-
2,678
2,678
-
71,445
71,445
-
3,578
3,578
-
224,741
224,741
Charitable
activities
Raising
funds
Charitable
activities
Raising
funds

Support costs are split between raising funds and charitable activity costs based upon usage.

21

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
|||||| |---|---|---|---|---| |7|Net income/ (expenditure)| |This is stated after charging:|Group|Charity|Group|Charity| |2023|2023|2022|2022| |£|£|£|£| |Depreciation of tangible fixed assets|82,839|82,839|71,445|71,445| |Operating lease payments|28,663|28,663|15,508|15,508| |Loss on disposal of fixed assets|54,878|54,878|-|-| |Independent examiner's remuneration| |Accounts preparation|3,300|1,920|-|-| |Independent examination|1,980|1,980|2,052|2,052| |Other services|-|-|408|-|

----- End of picture text -----

No Trustees' were reimbursed trustee expenses or received any remuneration in the current or prior year.

----- Start of picture text -----
|||||| |---|---|---|---|---| |8|Staff costs and numbers| |Group|Charity|Group|Charity| |The aggregate payroll costs were:|2023|2023|2022|2022| |£|£|£|£| |Wages and salaries|264,635|264,635|266,192|266,192| |Social security costs|18,891|18,891|17,517|17,517| |Employers pension|18,322|18,322|17,572|17,572| |301,848|301,848|301,281|301,281|

----- End of picture text -----

The average weekly number of employees during the year, calculated on the basis of average headcount, was as follows:

----- Start of picture text -----
|||||| |---|---|---|---|---| |Group|Charity|Group|Charity| |2023|2023|2022|2022| |No.|No.|No.|No.| |Average number of employees|12|12|12|12|

----- End of picture text -----

No employee received emoluments of more than £60,000.

The key management personnel consists of the Trustees, the Chief Executive and Interim Chief Executive. The total employee benefits of the key management personnel were £81,816 (2022: £53,531) for the Group & Charity.

9 Taxation

The charity is exempt from corporation tax as all its income is charitable and applied for charitable purposes. The charity's trading subsidiary, Emmaus Bristol (Enterprises) Limited, attracts corporation tax only to the extent that profits remain within it to grow its activities. Further available profits are donated responsibly to the charity.

22

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
10 Fund-analysis comparative figures
Group - Restated Unrestricted Unrestricted Total
General Designated Restricted Funds
Funds Funds Funds 2022
£ £ £ £
Income from:
Donations and legacies 125,624 27,500 63,093 216,217
Charitable activities 495,605 - - 495,605
Other trading activities 2,126 - - 2,126
Investments 12 - - 12
Total income 623,367 27,500 63,093 713,960
Expenditure on:
Raising funds 15,510 - - 15,510
Charitable activities 605,680 77,445 11,901 695,026
Total expenditure 621,190 77,445 11,901 710,536
Net income/(expenditure) 2,177 (49,945) 51,192 3,424
Transfers between funds (113,765) 112,658 1,107 -
Net movement in funds before taxation (111,588) 62,713 52,299 3,424
Tax on profit of ordinary activities - - - -
Net movement in funds (111,588) 62,713 52,299 3,424
Total funds at 1 July 2021 243,104 1,391,878 354,396 1,989,378
Total funds at 30 June 2022 131,516 1,454,591 406,695 1,992,802
Charity - Restated
Unrestricted Unrestricted Total
General Designated Restricted Funds
Funds Funds Funds 2022
£ £ £ £
Income from:
Donations and legacies 180,962 27,500 63,093 271,555
Charitable activities 419,917 - - 419,917
Other trading activities 2,126 - - 2,126
Investments 12 - - 12
Total income 603,017 27,500 63,093 693,610
Expenditure on:
Raising funds 15,510 - - 15,510
Charitable activities 604,240 77,445 11,901 693,586
Total expenditure 619,750 77,445 11,901 709,096
Net income/(expenditure) (16,733) (49,945) 51,192 (15,486)
Transfers between funds (113,765) 112,658 1,107 -
Net movement in funds (130,498) 62,713 52,299 (15,486)
Total funds at 1 July 2021 227,766 1,391,878 354,396 1,974,040
Total funds at 30 June 2022 97,268 1,454,591 406,695 1,958,554
----- End of picture text -----

23

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

11 Tangible fixed assets

Group & charity

Cost
At 1 July 2022
Additions
Disposals
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
Elim on disposal
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022		 Freehold
Leasehold
Computer
Fixtures and
Motor
Holiday
properties
properties
equipment
fittings
vehicles
pods
Totals
£
£
£
£
£
£
£
2,075,450
133,662
17,808
102,328
30,817
90,112
2,450,177
-
24,186
-
8,050
-
3,591
35,827
(54,878)
-
(9,331)
(32,571)
-
-
(96,780)
2,020,572
157,848
8,477
77,807
30,817
93,703
2,389,224
545,581
35,483
12,796
82,709
16,595
-
693,164
40,409
15,028
2,445
12,918
7,229
4,810
82,839
-
-
(9,330)
(32,571)
-
-
(41,901)
585,990
50,511
5,911
63,056
23,824
4,810
734,102
1,434,582
107,337
2,566
14,751
6,993
88,893
1,655,122
1,529,869
98,179
5,012
19,619
14,222
90,112
1,757,013

12 Principal subsidiaries

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 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
Administrative expenses
Profit/(loss) on ordinary activities before taxation
Tax on profit/loss on ordinary activities
Profit/(loss) for the year
Shareholders funds/(deficit) brought forward
Profit/(loss) for the period
Charitable donation (profit gift-aided to Emmaus Bristol (Enterprises) Limited)
Shareholders funds/(deficit) carried forward		 2023
£
146,624
(62,500)
84,124
(1,580)
82,544
-
82,544
34,248
82,544
116,792
(74,248)
42,544		 2022
£
147,883
(62,500)
85,383
(11,135)
74,248
-
74,248
15,338
74,248
89,586
(55,338)
34,248

24

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
13 Debtors
Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
Trade debtors 10,239 4,337 13,194 6,475
Prepayments 16,152 16,152 16,373 16,373
Accrued income 2,414 2,414 1,114 1,114
Other debtors 12,393 12,393 113 113
Other taxation and social security 6,448 6,448 3,154 3,154
Amounts owed by subsidiary undertaking - - - 16,390
47,646 41,744 33,948 43,619
14 Creditors: amounts falling due within one year
Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
Trade creditors 40,372 40,372 24,278 24,278
Accruals 23,739 22,216 9,690 8,322
Other taxation and social security - - 9,090 9,090
Deferred income 175 175 3,010 3,010
Other creditors 11,275 11,275 11,124 11,124
Amounts due to subsidiary undertaking - 23,415 - -
75,561 97,453 57,192 55,824
Included above is deferred income relating to housing income received in advance of provision.
Group Charity Group Charity
2023 2023 2022 2022
£ £ £ £
Deferred income at start of the year 3,010 3,010 3,010 3,010
Amount released to income in the year (3,010) (3,010) (3,010) (3,010)
Amount deferred in the year 175 175 3,010 3,010
Deferred income at end of the year 175 175 3,010 3,010
15 Reconciliation of net movement in funds to net cash inflow from operating activities
2023 2022
Group £ £
Statement of Financial Activities: Net movement in funds (138,334) 3,424
Investment income (94) (12)
Depreciation 82,839 71,445
(Profit) / loss on disposal of fixed assets 54,878 113
(Decrease) / increase in creditors: Due within one year 18,370 (1,855)
(Increase) / decrease in debtors (13,698) (2,172)
Net cash inflow from operating activities 3,961 70,943
16 Analysis of changes in cash flow during the year
2023 2022 Change
Group £ £
Cash at bank and in hand 227,261 259,033 (31,772)
2022 2021 Change
£ £
Cash at bank and in hand 259,033 300,849 (41,816)
----- End of picture text -----

25

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

17 Movement in funds

Group & Charity
Restricted funds
European Regional Development Fund
Minibus Appeal
Holiday Pods
Emmaus UK
New Homes Appeal
Nisbet Trust
Emmaus UK - SH windows
Brisdoc - Work coaching
SSE Procurement Readiness
SSE Social Enterprise Support Fund
Other
Unrestricted funds
Designated funds
General Fixed Asset Fund
Lloyds Foundation 2020
Holiday Pods
Ethical
General funds
General fund
Unrestricted funds subtotal
Charity funds
Emmaus Bristol (Enterprises) Limited
Inter - group eliminations
Total funds (Group)
Prior year comparative - Restated
Group & Charity
Restricted Funds
European Regional Development Fund
Minibus Appeal
Holiday Pods
Emmaus UK
New Homes Appeal
Nisbet Trust
Other
Unrestricted funds
Designated funds
General Fixed Asset Fund
Lloyds Foundation 2020
Holiday Pods
Ethical
General funds
General fund
Unrestricted funds subtotal
Charity funds
Emmaus Bristol (Enterprises) Limited
Inter - group eliminations
Total funds (Group)		 At
1 Jul
2022
£
335,405
2,522
26,804
-
17,842
22,500
-
-
-
-
1,622
406,695
1,421,609
20,625
4,690
7,667
97,268
1,551,859
1,958,554
35,248
(1,000)
34,248
1,992,802
At
1 Jul
2021
£
343,465
2,735
5,904
670
-
-
1,622
354,396
1,372,336
6,875
5,000
7,667
227,766
1,619,644
1,974,040
16,338
(1,000)
15,338
1,989,378		 Income
£
-
-
-
3,996
-
11,497
29,500
10,000
1,000
24,074
-
80,067
-
33,333
-
-
630,615
663,948
744,015
146,624
(136,748)
9,876
753,891
Income
£
-
-
20,900
1,851
17,842
22,500
-
63,093
-
27,500
-
-
603,017
630,517
693,610
147,883
(127,533)
20,350
713,960		 Expenditure
£
(8,060)
(1,028)
(893)
(3,977)
-
(33,465)
-
-
(1,000)
(24,074)
-
(72,497)
(128,763)
(45,625)
(4,690)
-
(639,070)
(818,148)
(890,645)
(138,328)
136,748
(1,580)
(892,225)
Expenditure
£
(8,060)
(213)
-
(3,628)
-
-
-
(11,901)
(63,385)
(13,750)
(310)
-
(619,750)
(697,195)
(709,096)
(128,973)
127,533
(1,440)
(710,536)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
9,021
-
-
-
(9,021)
-
-
-
-
-
-
Transfers
£
-
-
-
1,107
-
-
-
1,107
112,658
-
-
-
(113,765)
(1,107)
-
-
-
-
-		 At
30 Jun
2023
£
327,345
1,494
25,911
19
17,842
532
29,500
10,000
-
-
1,622
414,265
1,301,867
8,333
-
7,667
79,792
1,397,659
1,811,924
43,544
(1,000)
42,544
1,854,468
At
30 Jun
2022
£
335,405
2,522
26,804
-
17,842
22,500
1,622
406,695
1,421,609
20,625
4,690
7,667
97,268
1,551,859
1,958,554
35,248
(1,000)
34,248
1,992,802

26

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

17 Movement in funds (continued)

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. £8060 p.a. of depreciation charged to this fund.

Minibus Appeal - Funding received in respect of an appeal to replace the minibus. Minibus purchased in 2021 but did not use all of the funding. Remainder being spent down on minibus repairs / maintenance.

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. Depreciation will be charged within expenditure over a 30 year period.

Emmaus UK - Funding for companion training and expenditure on hygiene and safety.

New Homes Appeal - Donations received in response to appeal for funds towards new homes.

Nisbet Trust - funding for feasibility studies into potential development of new homes on roof at Backfields House.

Emmaus UK - SH windows - grant from Emmaus UK for replacement of windows at Shaftesbury House. Grant received just prior to year end with expenditure to happen in early 2023/24.

Brisdoc - Work coaching - donation to be put towards Social Enterprise staff salaries for time spent on companion work coaching. Received just prior to year end with expenditure to happen throughout 2023/24.

SSE Procurement Readiness - grant to support participation of staff member in Procurement Readiness Programme training.

SSE Social Enterprise Support Fund - funding towards Social Enterprise staff salaries.

Other - Funding for an e-cargo bike. May be returned to funder as bike probably no longer being purchased.

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 for twelve months.

Holiday Pods - Funding assigned to the Holiday Pods.

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.

Transfers

The transfer from general funds to restricted funds in the prior year was 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.

Inter-group eliminations

A donation to Emmaus Bristol from Emmaus Bristol (Enterprises) Limited of £74,248 (2022: £55,338) and a rental charge of £62,500 (2022: £72,195) was made to Emmaus Bristol (Enterprises) Limited by Emmaus Bristol during the year. These items have been removed from the consolidated SOFA and are included in the Inter-group eliminations upon consolidation.

Restatement of funds

In the year, restricted income in the prior-year was identified. Previously this was recognised as unrestricted general funds totalling £40,342. Overall funds were not affected, although free reserves at the end of the prior-period are reduced by £40,342 to £131,516.

27

EMMAUS BRISTOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

18 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Other current assets
Charity
Emmaus Bristol (Enterprises) Limited
Inter - group eliminations
Group
Previous year - Restated
Tangible fixed assets
Fixed asset investments
Other current assets
Charity
Emmaus Bristol (Enterprises) Limited
Inter - group eliminations
Group		 Restricted
Designated
Unrestricted
2023
funds
funds
funds
Total
£
£
£
£
353,256
1,301,867
(1)
1,655,122
-
-
1,000
1,000
61,009
16,000
78,793
155,802
414,265
1,317,867
79,792
1,811,924
-
-
43,544
43,544
-
-
(1,000)
(1,000)
414,265
1,317,867
122,336
1,854,468
Restricted
Designated
Unrestricted
2022
funds
funds
funds
Total
£
£
£
£
335,405
1,421,609
(1)
1,757,013
-
-
1,000
1,000
71,290
32,982
96,269
200,541
406,695
1,454,591
97,268
1,958,554
-
-
35,248
35,248
-
-
(1,000)
(1,000)
406,695
1,454,591
131,516
1,992,802

19 Operating leases

The group and the charity had operating leases at the year end with the total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 Group
2023
£
27,838
44,507
72,345		 Charity
2023
£
27,838
44,507
72,345		 Group
2022
£
3,328
9,570
12,898		 Charity
2022
£
3,328
9,570
12,898

20 Related party transactions

There are no related party transactions in the current or prior year apart from those already disclosed throughout the report.

28