REGISTERED COMPANY NUMBER: 03643570 (England and Wales) REGISTERED CHARITY NUMBER: 1073677
Emmaus Preston
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2021
McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
Emmaus Preston
Contents of the Financial Statements for the year ended 30 June 2021
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 19 |
Emmaus Preston
Reference and Administrative Details for the year ended 30 June 2021
TRUSTEES JA Baggaley JA Caldwell MG Conlon JR Dean KC Derbyshire PR Leeming S Savage J Swindells S Parker JJB Rawkins DJ Mein N J Edwards (appointed 24/9/2020) COMPANY SECRETARY JA Baggaley REGISTERED OFFICE The Birches 165 Ribbleton Lane Preston Lancashire PR1 5ST REGISTERED COMPANY 03643570 (England and Wales) NUMBER REGISTERED CHARITY 1073677 NUMBER INDEPENDENT EXAMINER McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
Page 1
Emmaus Preston (Registered number: 03643570)
Report of the Trustees for the year ended 30 June 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Emmaus Preston provides a home, work training and development for people who have been homeless or socially excluded. People who become homeless do so for a variety of complex reasons. Many of the community members have slept rough. Emmaus offers stability, companionship, support and security for people to rebuild their lives. Accommodation is available for 26 people in the Community Home.
The Community is fully inclusive. Companions are encouraged to play an active role in the day to day running of the Community.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives.
Page 2
Emmaus Preston (Registered number: 03643570)
Report of the Trustees
for the year ended 30 June 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We have accommodation for up to 26 formerly homeless people, whom we call Companions, in our house on Ribbleton Lane. This is supported by our three retail outlets in Preston including own town centre store in Preston and the largest charity store in the country which we opened in September 2016 a former B and Q. Most of our costs are paid for through our own social enterprises which are run by our Companions with support from a small staff team.
Emmaus Preston currently supports Emmaus Burnley under a Joint Working Agreement which commenced in July 2016. This agreement means a small number of Emmaus Preston staff and Trustees are shared with Emmaus Burnley.
Covid 19
This year was massively affected by the global pandemic with our shops just reopening in July 2020 after three months being closed. We then closed again in August 2020 for two weeks after a Covid Case in the house and government shutdowns in November 2020 and January - March 2021 not only affected income but also the work that our Companions do daily. Whilst we tried to offer some normality to the people we support often we had to find a new way of working and a new way to offer support. When one of our long standing support staff members left in July we changed the way we offered support with our team changing to development workers and offering both support and development as well as moving to be based mainly in our stores. We recruited a new staff member to oversee our online sales and developed both our own online selling site as well as listing on EBay and other marketplaces and this gave new work to our Companions when our stores were closed.
Companions
The Companion numbers were lower than usual on average across the year, undoubtedly due to so many homeless people being housed within hotels by Local Authorities. Our offer of people signing off benefits and working within Emmaus to pay your own way, get work experience, qualifications and move on is less attractive when all you want is a bed and benefits. This is a situation we will monitor as we have started to see towards the end of this financial year more people arriving off the streets but with much higher needs.
Emmaus Preston Companions have managed to do a whole host of mainly online courses from Health and Safety to Health and Social Care and whilst face to face courses were almost impossible to deliver safely, the computer has made a difference. We upgraded our broadband three times during the pandemics with so much reliance on online and so many people in the house doing courses, gaming and attending meetings or events on Zoom and most people found their own family home sharing data our house was sharing data between twenty people - a first world problem I am sure but never the less important for keeping busy and in contact with others who you could not see.
A number of supporters have asked how our Companions have coped with lockdowns and Covid and in the main very well as one explained "you have to be resilient on the streets to survive and so that's the one thing that stands you in good stead for the rest of your life, resilience".
Throughout 2021 and into 2022 we will increase staffing to improve the support we offer, look at new work experience opportunities, as well as developing new courses and Companions attending college for one and two year courses to gain further accredited qualifications to support them into paid work and their own accommodation.
The Companions in Preston are amazing and the way they deal with the past and a lot that has happened to them previously, for quite a few of whom it was no fault of their own, is exceptionally admirable. We talk about a hand up and not a hand out for Companions in Emmaus and the people that come through Emmaus in Preston not only take that hand firmly to pull themselves up, most offer the other hand to pull a fellow Companion up too.
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Emmaus Preston (Registered number: 03643570)
Report of the Trustees for the year ended 30 June 2021
Business
The Social Enterprises we run, mainly retail, support the running costs of our Emmaus including paying for food, support, training courses, move-on and some of the accommodation costs of our Companions. The more money we can generate the more support we can offer to Companions and our Companions are proud that as a charity we do not chase grants and are predominantly self-funding through our own work. Compared to some of the big national charity retailers where twenty pence or less per pound of shop income goes to support the charity we are dependent on our retail income.
This financial year we took a real hit with Covid closures seeing a fall in retail income of just over £150,000 against budget.
Trading when we were open was actually excellent, no doubt buoyed by people spending more money on their home as they could not go on holiday or have nights out in the same way and so despite nearly 5 months of closures, our shops only being down just under third of income was amazing.
Our Ecommerce site www.emmauspreston.co.uk was launched in November 2020 and between January to March 2021 alongside EBay listings we managed to bring income in whilst Companions learned how to photograph, layout and upload listings. We now need to work harder and smarter to run the shops and online together and this will mean during this next year investing in an EPOS system across all our stores.
This was a tough financial year and had it not been for government grants for retail, local people spending well with us when we were open, very tight management of costs and our online sales income then losses would have been much higher and I am pleased we have survived where sadly big names on the high street fell BUT we need to look at various other social enterprises to ensure retail is not our only source of income, spreading our risk.
We thank our Companions, volunteers, supporters both business and local people, Trustees and staff for their hard work and endeavours in the year and hope they are up for it once again next year.
The Effect of Covid
In addition to the National Covid shutdown a case of covid amongst our companions caused an additional closure of 2 weeks.
The total loss of sales was just under £140,000, but to offset this we received £16,394 in furlough reimbursement and £71,966 in grants to assist in managing with the disruption.
FINANCIAL REVIEW Reserves policy
The reserve policy is kept under review by trustees.
In line with advice from Emmaus UK we at least hold the equivalent of three months costs in reserves to cover overheads in event of closure.
The landlord of our main outlet anticipates that he will redevelop it in the near future and we hold a reserve to cover the cost of removal.
The proceeds of the sale of a property previously rented out are to be used on a long term project to teach companions useful skills in building and property maintenance.
Grants received (excluding Covid support) totalled £2,193 (2020: £3,420) and Gifts and Donations totalled £29,003 (2020: £36,239).
Rents and Housing Benefits were £123,399 (2020: £139,588).
The net movement in funds was £47,041 (2020: £21,515).
Page 4
Emmaus Preston (Registered number: 03643570)
Report of the Trustees
for the year ended 30 June 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was incorporated as a company limited by guarantee on 2 October 1998. The company's Memorandum of Association established its objectives and powers and it is governed under its Articles of Association. The directors of Emmaus Preston are also the Trustees for the purpose of Charity law. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Induction and training of new trustees
Each new Trustee is briefed about the Community, their legal responsibilities and ethical responsibilities and an induction programme is in place which included visiting other communities and attending Emmaus UK Federation induction day. Periodic appraisals are undertaken of trustee's skills and suitable training is offered.
Related parties
Emmaus Preston is a member of the Emmaus Federation in the UK. Emmaus UK is a federation of all the Emmaus Groups and Communities in the UK.
Emmaus Preston's Chair, Director and Community manager participate in Federation peer group meetings where best practice is shared. Emmaus Preston receives support from the Federation staff on recruitment, training, publicity, policy development, best practice and fund raising.
Approved by order of the board of trustees on 24 February 2022 and signed on its behalf by:
JR Dean - Trustee
Page 5
Independent Examiner's Report to the Trustees of Emmaus Preston
Independent examiner's report to the trustees of Emmaus Preston ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of 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
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the accounts do not accord with those records; or
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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
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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.
Neil McMillan FCA Institute of Chartered Accountants in England and Wales McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
24 February 2022
Page 6
Emmaus Preston
Statement of Financial Activities
for the year ended 30 June 2021
| 2021 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 119,556 - 119,556 Charitable activities 6 Emmaus Community 123,399 - 123,399 Friends of Fishwick and St Matthew - 16,275 16,275 Other trading activities 4 365,857 - 365,857 Investment income 5 4,954 - 4,954 Total 613,766 16,275 630,041 EXPENDITURE ON Raising funds 7 248,729 - 248,729 Charitable activities Emmaus Community 318,968 22,570 341,538 Friends of Fishwick and St Matthew - 22,647 22,647 Emmaus Bolton - - - Emmaus UK - - - Other 3,476 - 3,476 Total 571,173 45,217 616,390 Net gains/(losses) on investments 33,390 - 33,390 NET INCOME/(EXPENDITURE) 75,983 (28,942) 47,041 RECONCILIATION OF FUNDS Total funds brought forward 726,050 1,122,617 1,848,667 TOTAL FUNDS CARRIED FORWARD 802,033 1,093,675 1,895,708 |
2020 Total funds £ 73,118 139,588 32,550 401,621 6,298 653,175 250,453 316,240 29,899 10,000 15,000 3,000 624,592 (7,068) 21,515 1,827,152 1,848,667 |
|---|---|
The notes form part of these financial statements
Page 7
Emmaus Preston (Registered number: 03643570)
Balance Sheet
30 June 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 12 96,007 1,073,318 Investments 13 336,620 - 432,627 1,073,318 CURRENT ASSETS Stocks 14 48,591 - Debtors 15 66,455 - Cash at bank and in hand 331,901 20,357 446,947 20,357 CREDITORS Amounts falling due within one year 16 (77,541) - NET CURRENT ASSETS 369,406 20,357 TOTAL ASSETS LESS CURRENT LIABILITIES 802,033 1,093,675 NET ASSETS 802,033 1,093,675 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 1,169,325 336,620 1,505,945 48,591 66,455 352,258 467,304 (77,541) 389,763 1,895,708 1,895,708 802,033 1,093,675 1,895,708 |
2020 Total funds £ 1,226,152 203,230 1,429,382 50,116 52,829 364,985 467,930 (48,645) 419,285 1,848,667 1,848,667 726,050 1,122,617 1,848,667 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Emmaus Preston (Registered number: 03643570)
Balance Sheet - continued
30 June 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2022 and were signed on its behalf by:
JR Dean - Trustee
The notes form part of these financial statements
Page 9
Emmaus Preston
Cash Flow Statement
for the year ended 30 June 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 61,326 61,326 (2,323) (100,000) 23,316 4,954 (74,053) (12,727) 364,985 352,258 |
2020 £ 97,219 97,219 (20,300) - - 6,298 (14,002) 83,217 281,768 364,985 |
|---|---|---|
The notes form part of these financial statements
Page 10
Emmaus Preston
Notes to the Cash Flow Statement
for the year ended 30 June 2021
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Net income for the reporting period (as per the Statement of | ||||
| Financial Activities) | 47,041 | 21,515 | ||
| Adjustments for: | ||||
| Depreciation charges | 52,048 | 50,433 | ||
| (Gain)/losses on investments | (33,390) | 7,068 | ||
| Profit on disposal of fixed assets | (16,214) | - | ||
| Interest received | (4,954) | (6,298) | ||
| Decrease in stocks | 1,525 | 2,361 | ||
| (Increase)/decrease in debtors | (13,626) | 20,754 | ||
| Increase in creditors | 28,896 | 1,386 | ||
| Net cash provided by operations | 61,326 | 97,219 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1/7/20 | Cash flow | At 30/6/21 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 364,985 | (12,727) | 352,258 | |
| 364,985 | (12,727) | 352,258 | ||
| Total | 364,985 | (12,727) | 352,258 |
The notes form part of these financial statements
Page 11
Emmaus Preston
Notes to the Financial Statements for the year ended 30 June 2021
1. GENERAL INFORMATION
The charity is a registered charity in England and Wales and is incorporated. The address of the principal office is The Birches, 165 Ribbleton Lane, Preston, Lancashire, PR1 5ST.
There are no material uncertanties about the charity's ability to continue.
The presentational currency of the financial statements is the Pound Sterling (£).
The amounts in the financial statements have been rounded to the nearest £1.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold land | - nil |
|---|---|
| Freehold buildings | - 2% on cost |
| Plant and machinery | - 25% on cost |
| Fixtures, fittings and equipment | - 20% - 33% on cost |
| Motor vehicles | - 33% on cost |
Fixed asset investments
Listed investments are valued at their mid market price as at the close of trading at the year end date.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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continued...
Emmaus Preston
Notes to the Financial Statements - continued for the year ended 30 June 2021
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.
Government Grants
CJRS and small business local authority grants are accounted for under the accruals model. Where the grant is classed as revenue, it is recognised in income on a systematic basis over the periods in which the company recognises the related costs.
3. DONATIONS AND LEGACIES
| Donations and gifts Grants Small business local authority grant CJRS grant Grants received, included in the above, are as follows: Other grants |
2021 £ 29,003 2,193 71,966 16,394 119,556 2021 £ 2,193 |
2020 £ 36,239 3,420 25,000 8,459 |
|---|---|---|
| 73,118 | ||
| 2020 £ 3,420 |
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Emmaus Preston
Notes to the Financial Statements - continued
for the year ended 30 June 2021
| 4. OTHER TRADING ACTIVITIES Shop and other sundry income Families in need 5. INVESTMENT INCOME Interest receivable 6. INCOME FROM CHARITABLE ACTIVITIES Activity Rents and housing benefits received Emmaus Community Grants Friends of Fishwick and St Matthew Grants received, included in the above, are as follows: Big Local Trust 7. RAISING FUNDS Other trading activities Operating costs 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
2021 £ 286,121 79,736 365,857 2021 £ 4,954 2021 £ 123,399 16,275 139,674 2021 £ 16,275 2021 £ 248,729 2021 £ 52,048 (16,214) |
2020 £ 333,918 67,703 |
2020 £ 333,918 67,703 |
2020 £ 333,918 67,703 |
|---|---|---|---|---|
| 401,621 | ||||
| 2020 £ 6,298 2020 £ 139,588 32,550 |
2020 £ 6,298 |
|||
| 172,138 | ||||
| 2020 £ 32,550 2020 £ 250,453 |
2020 £ 32,550 |
|||
| 2020 £ 50,433 - |
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Emmaus Preston
Notes to the Financial Statements - continued for the year ended 30 June 2021
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
10. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Staff No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,118 Charitable activities Emmaus Community 139,588 Friends of Fishwick and St Matthew - Other trading activities 401,621 Investment income 6,298 Total 620,625 EXPENDITURE ON Raising funds 250,453 Charitable activities Emmaus Community 293,670 Friends of Fishwick and St Matthew - Emmaus Bolton 10,000 Emmaus UK 15,000 Other 3,000 Total 572,123 Net gains/(losses) on investments (7,068) NET INCOME/(EXPENDITURE) 41,434 RECONCILIATION OF FUNDS Total funds brought forward 684,616 |
2021 7 Restricted funds £ - - 32,550 - - 32,550 - 22,570 29,899 - - - 52,469 - (19,919) 1,142,536 |
|
|---|---|---|
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Emmaus Preston
Notes to the Financial Statements - continued
for the year ended 30 June 2021
| 11. COMPARATIVES FOR THE STATEMENT TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 July 2020 1,568,500 Additions - Disposals - At 30 June 2021 1,568,500 DEPRECIATION At 1 July 2020 385,232 Charge for year 24,370 Eliminated on disposal - At 30 June 2021 409,602 NET BOOK VALUE At 30 June 2021 1,158,898 At 30 June 2020 1,183,268 13. FIXED ASSET INVESTMENTS MARKET VALUE At 1 July 2020 Additions Revaluations At 30 June 2021 NET BOOK VALUE At 30 June 2021 At 30 June 2020 |
OF FINANCIAL ACTIVITIES - Unrestricted fund £ 726,050 Fixtures, Plant and fittings & machinery equipment £ £ 5,223 60,539 - 2,323 - - 5,223 62,862 4,439 43,717 200 9,302 - - 4,639 53,019 584 9,843 784 16,822 |
continued Restricted Total funds funds £ £ 1,122,617 1,848,667 Motor vehicles Totals £ £ 66,835 1,701,097 - 2,323 (16,500) (16,500) 50,335 1,686,920 41,557 474,945 18,176 52,048 (9,398) (9,398) 50,335 517,595 - 1,169,325 25,278 1,226,152 Listed investments £ 203,230 100,000 33,390 336,620 336,620 203,230 |
Total funds £ |
|
|---|---|---|---|---|
| 1,848,667 | ||||
There were no investment assets outside the UK.
The historic cost of investments is £300,000 (2020: £200,000).
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Emmaus Preston
Notes to the Financial Statements - continued
for the year ended 30 June 2021
| 14. STOCKS Stocks 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Prepayments and accrued income 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes VAT Accruals and deferred income 17. MOVEMENT IN FUNDS At 1/7/20 £ Unrestricted funds General fund 726,050 Restricted funds Fixed assets 1,095,888 Friends of Fishwick and St Matthew 26,729 1,122,617 TOTAL FUNDS 1,848,667 |
2021 £ 48,591 2021 £ 34,566 - 31,889 66,455 2021 £ 41,202 3,800 2,282 30,257 77,541 Net movement in funds £ 75,983 (22,570) (6,372) (28,942) 47,041 |
2020 £ 50,116 2020 £ 21,782 4,430 26,617 52,829 2020 £ 20,236 3,408 - 25,001 48,645 At 30/6/21 £ 802,033 1,073,318 20,357 |
2020 £ 50,116 |
|---|---|---|---|
| 2020 £ 21,782 4,430 26,617 |
|||
| 52,829 | |||
| 2020 £ 20,236 3,408 - 25,001 |
|||
| 48,645 | |||
| 1,093,675 | |||
| 1,895,708 |
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Emmaus Preston
Notes to the Financial Statements - continued for the year ended 30 June 2021
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 613,766 | (571,173) | 33,390 | 75,983 |
| Restricted funds | ||||
| Fixed assets | - | (22,570) | - | (22,570) |
| Friends of Fishwick and St Matthew | 16,275 | (22,647) | - | (6,372) |
| 16,275 | (45,217) | - | (28,942) | |
| TOTAL FUNDS | 630,041 | (616,390) | 33,390 | 47,041 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Fixed assets Friends of Fishwick and St Matthew TOTAL FUNDS |
At 1/7/19 £ 684,616 1,118,458 24,078 1,142,536 1,827,152 |
Net movement in funds £ 41,434 (22,570) 2,651 (19,919) 21,515 |
At 30/6/20 £ 726,050 1,095,888 26,729 |
|---|---|---|---|
| 1,122,617 | |||
| 1,848,667 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 620,625 | (572,123) | (7,068) | 41,434 |
| Restricted funds | ||||
| Fixed assets | - | (22,570) | - | (22,570) |
| Friends of Fishwick and St Matthew | 32,550 | (29,899) | - | 2,651 |
| 32,550 | (52,469) | - | (19,919) | |
| TOTAL FUNDS | 653,175 | (624,592) | (7,068) | 21,515 |
The restricted funds relate to the purchase and development of The Birches property which was used to create an Emmaus community in Preston.
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continued...
Emmaus Preston
Notes to the Financial Statements - continued
for the year ended 30 June 2021
17. MOVEMENT IN FUNDS - continued
The restricted Friends of Fishick and St Matthew fund is in relation to grants received from Big Local Trust Charity for the regeneration of Green space in Preston.
18. CONTINGENT LIABILITIES
Grants received from the Emmaus UK Solidarity Fund between 2001 and 2021 totalled £265,000 (2020: £295,000). These would become repayable in the event that Emmaus Preston ceased to be a member of the Emmaus UK Federation to the extent that donations to Emmaus UK Federation did not equal this sum.
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the years ended 30 June 2021 or 30 June 2020.
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